Document:

Second Amendment to Amended and Restated Credit Agreement

 Exhibit 10.3 
 SECOND AMENDMENT TO 
 AMENDED AND RESTATED CREDIT
AGREEMENT 
 THIS SECOND AMENDMENT, dated as of March 12, 2010 (this “Amendment”), to AMENDED AND
RESTATED CREDIT AGREEMENT, dated as of June 27, 2007, as amended by that certain First Amendment to Amended and Restated Credit Agreement dated as of October 24, 2008 (as may be further amended, restated, modified or supplemented, the
“Credit Agreement”; capitalized terms used but not defined herein shall have the meanings given them in the Credit Agreement) is made by and among CONSOL Energy Inc. (the “Borrower”), on behalf of the Loan Parties,
the Required Lenders, PNC Bank, National Association and Citicorp North America, Inc., as co-administrative agents and PNC Bank, National Association, as paying agent (the “Paying Agent”). 
 WITNESSETH 
 WHEREAS, the Borrower desires to make certain amendments to the Credit Agreement, including the amendment of certain covenants as set forth in more detail below; 
 WHEREAS, the Borrower, the Lenders and the Paying Agent desire to amend the Credit Agreement as hereinafter provided. 
 NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants and agreements herein contained and intending to be legally
bound hereby, covenant and agree as follows: 
 1. Amendment to Credit Agreement to be Effective Upon Satisfaction of
Conditions to this Amendment. The following amendments shall be effective upon satisfaction of each of the conditions set forth in Section 3 of this Amendment: 
 (a) New Definitions. Section 1.1 [Certain Definitions] of the Credit Agreement is hereby amended to insert the following new definitions in the appropriate alphabetical order therein:

 Daily LIBOR Rate shall mean, for any day, the rate per annum determined by the Paying Agent by dividing
(x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage on such day. 
 LIBOR Reserve Percentage shall mean as of any day the maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements
(including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”). 
 Platinum Acquisition shall mean the acquisition of all of the capital stock of Dominion Exploration &
Production, Inc. and Dominion Reserves, Inc. and certain assets

 
of Dominion Transmissions, Inc. from Dominion Resources, Inc. and certain of its subsidiaries. 
 Platinum Acquisition Documents shall mean that certain purchase and sale agreement and any other material documents related thereto for the Platinum Acquisition delivered to Paying Agent on the
Second Amendment Effective Date (including all amendments, supplements, schedules and exhibits thereto). 
 Prime Rate shall mean the interest rate per annum announced from time to time by the Paying Agent at its Principal Office as its then prime rate, which rate may not be the lowest or most favorable rate then being charged commercial
borrowers or others by the Paying Agent. Any change in the Prime Rate shall take effect at the opening of business on the day such change is announced. 
 Published Rate shall mean the rate of interest published each Business Day in The Wall Street Journal “Money Rates” listing under the caption “London Interbank Offered
Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market for a one month
period as published in another publication selected by the Paying Agent). 
 Second Amendment shall mean
that certain Second Amendment to Amended and Restated Credit Agreement by and among the Borrower, the other Loan Parties, the Required Lenders and the Paying Agent, dated as of the Second Amendment Effective Date. 
 Second Amendment Effective Date shall mean March 12, 2010. 
 (b) Existing Definitions. The following definitions in Section 1.1 [Certain Definitions] of the Credit Agreement are hereby
amended and restated as follows: 
 Base Rate shall mean the highest of (i) the
Prime Rate, (ii) the Federal Funds Open Rate plus  1/2 % and (iii) the Daily LIBOR Rate plus 100 basis points. 
 Cash On Hand shall mean,
as of any date of determination, an amount equal to the aggregate amount of all cash and cash equivalents of the Loan Parties and CNX Funding as of such date, including any cash proceeds of Indebtedness permitted by Section 8.2.1(xi), whether
such proceeds are pledged, held in a segregated account or escrow or otherwise by a Loan Party, an escrow agent or another Person. 
 Consolidated EBITDA for any period of determination shall mean, without duplication, the sum of (i) Consolidated Net Income (excluding non-cash compensation expenses related to common stock
and other equity securities issued to employees, extraordinary gains and losses, and gains or losses on discontinued operations) plus (ii) to the extent deducted in determining Consolidated Net Income, (a) interest expense (net of interest
income), plus (b) the sum of all income tax expense, depreciation, depletion and amortization of property, plant, equipment and intangibles, plus (c) non-cash debt extinguishment costs, plus (d) non-cash charges due to cumulative
effects of changes in

  

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accounting principles, plus (e) non-recurring transaction costs expensed ( in accordance with GAAP) by the Loan Parties in connection with the Platinum Acquisition of up to 10% of
Consolidated EBITDA without regard as to whether the Platinum Acquisition has been consummated plus (iii) cash dividends or distributions received by the Loan Parties from Excluded Subsidiaries and Affiliates that are not Loan Parties except to
the extent that any cash dividends or distributions received by the Loan Parties in connection with a Permitted Gas Properties Transaction are used for a distribution or dividend by the Borrower, for such period determined and consolidated in
accordance with GAAP and provided, further, that for the purposes of this definition, with respect to any Material Acquisition/Disposition by the Loan Parties or a Permitted Gas Properties Transaction, Consolidated EBITDA shall be calculated as if
such Material Acquisition/Disposition or Permitted Gas Properties Transaction had been consummated at the beginning of such period. 
 For purposes of calculating Consolidated EBITDA with respect to the Platinum Acquisition as of the date of the closing of the Platinum Acquisition and through the first eleven (11) months of
operations after the date of the closing of the Platinum Acquisition, Consolidated EBITDA shall be calculated based on pro-rating Two Hundred Twenty-Six Million Four Hundred Eighty-One Thousand and 00/100 Dollars ($226,481,000.00) at a monthly
amount of Eighteen Million Eight Hundred Seventy-Three Thousand Four Hundred Sixteen and 67/100 Dollars ($18,873,416.67). An example of the calculation of Consolidated EBITDA with respect to the Platinum Acquisition as of three months after the
Closing Date is as follows: (i) Eighteen Million Eight Hundred Seventy-Three Thousand Four Hundred Sixteen and 67/100 Dollars ($18,873,416.67) multiplied by nine (9) months plus (ii) actual Consolidated EBITDA for the period as of three
months after the Closing Date based on interim financial statements prepared in accordance with GAAP. In the event that the Platinum Acquisition closes on a date other than the first day of such month, for purposes of calculating Consolidated
EBITDA, such partial month shall be treated as a whole month. 
 Loan Documents shall mean this Agreement,
the Paying Agent’s Letter, the Collateral Trust Agreement, the Guaranty Agreement, the Indemnity, the Intercompany Subordination Agreement, the Mortgages, the Ship Mortgages, the Notes, the Patent, Trademark and Copyright Assignment, the Pledge
Agreement, the Security Agreement, the Mortgage Amendments, and any other instruments, certificates or documents (expressly excluding any Specified Swap Agreement or any other Swap Agreement) delivered or contemplated to be delivered hereunder or
thereunder or in connection herewith or therewith, as the same may be supplemented or amended from time to time in accordance herewith or therewith, and Loan Document shall mean any of the Loan Documents. 
 Secured Parties shall mean collectively, (i) the Collateral Trustee, the Administrative Agent, the Lenders and
any provider of a Specified Swap Agreement, (ii) The Bank of Nova Scotia Trust Company of New York or any successor thereto as trustee with respect to the Senior Notes (2002) and any other holders from time to time of the Senior Notes
(2002), and (iii) any secured parties in connection with any secured Indebtedness permitted under Section 8.2.1(xi). 
  

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 (c) Definition Deleted. The defined term “Security Release Event” has been
deleted in connection with the execution of the Second Amendment. References to such term throughout the Loan Documents shall be deleted and in no event shall a Security Release Event be deemed to occur hereunder or thereunder. 
 (d) Definition of Permitted Liens. The definition of Permitted Liens contained in Section 1.1 [Certain Definitions] of the
Credit Agreement is hereby amended as follows: the “and” located at the end of subsection (xxi) is hereby deleted; the “.” at the end of subsection (xxii) is hereby deleted and replaced with “;” and the
following new subsections (xxiii) and (xxiv) are added: 
 “(xxiii) Liens permitted under
Section 8.2.1(xi) in connection with the escrow, segregated and/or pledged accounts referenced therein in advance of the Platinum Acquisition or termination of the potential transaction; and 
 (xxiv) Liens that secure Indebtedness permitted under Section 8.2.1(xi) in an aggregate principal amount of up to
$2,000,000,000; provided that, for the avoidance of doubt, it is acknowledged that such Indebtedness shall have been incurred for the purpose of funding the purchase price of the Platinum Acquisition plus related costs, fees and expenses.”

 (e) Collateral. The first sentence of Section 8.1.14 [Collateral] of the Credit Agreement shall be amended to
delete the phrase “From the Closing Date until a Security Release Event, pursuant” and replace it with the word “Pursuant”. 
 (f) Indebtedness. Section 8.2.1 [Indebtedness] of the Credit Agreement is hereby amended as follows: the “and” located at the end of subsection (ix) is hereby deleted; the
“.” at the end of subsection (x) is hereby deleted and replaced with “; and” and the following new subsection (xi) is added: 
 “(xi) Indebtedness in an amount not to exceed $3,500,000,000 that is incurred for the purpose of funding the purchase price of the Platinum Acquisition plus related costs, fees and expenses, of which
$2,000,000,000 may be secured on a pari passu basis to the Indebtedness under the Loan Documents; provided that, if such Indebtedness is incurred prior to the consummation of the Platinum Acquisition, the proceeds of such Indebtedness shall be
deposited into an escrow account, pledged for the benefit of the holders of such Indebtedness, and/or deposited in a segregated account reasonably acceptable to the Paying Agent and, except as otherwise provided for herein, released in connection
with the consummation of Platinum Acquisition or if the Platinum Acquisition does not occur, such Indebtedness shall be repaid promptly following the termination of any acquisition agreement entered into in connection with the Platinum Acquisition
except to the extent that such Indebtedness would be permitted by Section 8.2.1(x) of this Agreement. Notwithstanding the foregoing, to the extent that the prompt repayment of any such Indebtedness would be either prohibited by the terms of
such Indebtedness or would result in the payment of a prepayment penalty on such Indebtedness, the Loan Parties shall not be required to repay such Indebtedness until such

  

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time as such prepayment is permitted thereunder and does not result in a prepayment penalty.” 
 (g) Guaranties. Clause (v) of Section 8.2.3 of the Credit Agreement is hereby amended and restated as follows: 
 “(v) any Guaranty by any Loan Party of any Ordinary Course Obligation of any other Loan Party or any Guaranty by any
Loan Party of any other Loan Party’s obligations pursuant to the Platinum Acquisition Documents or any other Permitted Acquisition.” 
 (h) Liquidations, Mergers, Consolidations, Acquisitions. Section 8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions] of the Credit Agreement is hereby amended by adding the following
new subsection (4): 
 “(4) any Loan Party may consummate the Platinum Acquisition and it shall be deemed to
be a Permitted Acquisition, provided, that: 
 (i) the Platinum Acquisition shall be consummated in accordance with the
terms of the Platinum Acquisition Documents; provided that the Platinum Acquisition Documents delivered to the Paying Agent in connection with the Second Amendment shall not have been amended, waived or otherwise modified in any material respect and
no material consent shall be given thereunder, without the prior written consent of the Paying Agent (such consent not to be unreasonably withheld, conditioned or delayed); 
 (ii) there has been no change, occurrence or development since December 31, 2009 that, either individually or in the aggregate, has
had or would reasonably be expected to have a material adverse effect on the business, properties, financial condition or results of operations of the Loan Parties, taken as a whole, other than any such change, occurrence of development resulting
from changes, after the date hereof, in general economic or financial markets conditions or in general coal or natural gas prices except to the extent such change, occurrence or development has had or could reasonably be expected to have a
disproportionate impact on the Loan Parties, taken as a whole, as compared to other energy industry participants; 
 (iii)
since December 31, 2009, (a) there has not been any reduction in the rate of production of Proved Gas Reserves from the real property to be acquired in connection with the Platinum Acquisition which would constitute an Acquired Business
Material Adverse Effect, (b) there has not been any reduction or write-down in the reserves estimated for the real property to be acquired in connection with the Platinum Acquisition (which reduction or write-down is not reflected in the
reserve report delivered in connection with the Second Amendment) that would constitute an Acquired Business Material Adverse Effect, (c) there has not been any damage, destruction or loss with respect to the assets to be acquired in connection
with the Platinum Acquisition that would constitute an Acquired Business Material Adverse Effect that is not addressed by the terms of section 11.4 of the Platinum Acquisition Documents, and (d) such assets have not become subject to any
obligation or liability that would constitute an Acquired Business Material Adverse Effect and be required to be reflected as an extraordinary

  

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item separately listed on an income statement for the E&P Business prepared in accordance with GAAP. “Acquired Business Material Adverse Effect” means a material
adverse effect on the ownership, assets, operations or financial condition of the E&P Business, taken as a whole; provided, however, that Acquired Business Material Adverse Effect shall not include material adverse effects
resulting from general changes in oil and gas prices; general changes in industry, economic or political conditions, or financial markets; changes in condition or developments generally applicable to the oil and gas industry in any area or areas
where such assets are located; acts of God, including hurricanes and storms; acts or failures to act of Official Bodies (where not caused by the willful or negligent acts of Sellers or the Companies (as defined in the Platinum Acquisition
Documents)); civil unrest or similar disorder; terrorist acts; changes in Laws; effects or changes that are cured or no longer exist by the earlier of the closing of the Platinum Acquisition and the termination of the Platinum Acquisition Documents
pursuant to Article 10 of the Platinum Acquisition Documents; and changes resulting from the announcement of the transactions contemplated thereby or the performance of the covenants set forth in Section 6.4 of the Platinum Acquisition
Documents. Capitalized terms used without definition in this paragraph have the meanings given to them in the Platinum Acquisition Documents; and 
 (iv) no Event of Default shall exist immediately prior to and after giving effect to the Platinum Acquisition. 
 (i) Loan Document Unenforceable; Collateral Trust Agreement Unenforceable. The first sentence of the second paragraph of Section 9.1.7 [Loan Document Unenforceable; Collateral Trust Agreement
Unenforceable] of the Credit Agreement shall be amended to delete the phrase “Except after a Security Release Event, the” and replace it with the word “The”. 
 (j) Certain Releases of Guarantors and Collateral; Security Release Event. Section 10.20 [Certain Releases of Guarantors and
Collateral; Security Release Event] of the Credit Agreement is hereby amended and restated as follows: 
 “10.20 Certain Releases of Guarantors and Collateral. 
 It is expressly agreed by each
Lender, that upon the written request of the Borrower (accompanied by such certificates and other documentation as the Paying Agent may reasonably request) the Paying Agent on behalf of the Lenders and without any consent or action by any Lender,
shall, so long as no Event of Default exists after giving effect thereto, release, or consent to the release by the Collateral Trustee of, any Collateral or any Guarantor from a Guaranty Agreement, in either case, in connection with any sale,
transfer, lease, disposition, merger or other transaction permitted by this Agreement (including without limitation, a release of Accounts or contracts giving rise to Accounts from time to time in connection with the Permitted Receivables
Financing), such release to include releases from the Guaranty Agreement of any Loan Party that becomes an Excluded Subsidiary or ceases to be a Subsidiary pursuant to any sale, transfer, lease, disposition, merger or other transaction permitted by
this Agreement and a release of all the assets of such Loan Party that becomes an Excluded Subsidiary or ceases to be a Subsidiary other than a pledge of the capital stock or equity interests of a Subsidiary directly owned by any Loan Party.

  

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 (k) Joinder of Guarantors. Section 11.17 [Joinder of Guarantors] of the Credit
Agreement is hereby amended and restated as follows: 
 “11.17 Joinder of Guarantors. 
 Any Subsidiary of the Borrower which is required to join this Agreement as a Guarantor pursuant to Section 8.2.9
[Subsidiaries, Partnerships and Joint Ventures] shall execute and deliver to the Paying Agent (i) a Guarantor Joinder in substantially the form attached hereto as Exhibit 1.1(G)(1) pursuant to which (A) if such Subsidiary is newly
formed, it shall join as a Guarantor each of the documents to which the original Guarantors are parties or (B) if such Subsidiary is newly acquired in connection with a Permitted Acquisition, it shall join the Guaranty Agreement as a Guarantor;
(ii) documents in the forms described in Sections 7.1.1 and 7.1.2 modified as appropriate to relate to such Subsidiary; and (iii) except with respect to those Subsidiaries joining as a result of a Permitted Acquisition, documents necessary
to grant and perfect Prior Security Interests, subject to Permitted Liens, to the Collateral Trustee for the benefit of the Secured Parties in all Collateral held by such Subsidiary. The Loan Parties shall deliver such Guarantor Joinder and related
documents to the Paying Agent within twenty (20) Business Days after (i) if such Subsidiary is newly formed (other than any Subsidiaries formed in connection with the Platinum Acquisition), the date of the filing of such Subsidiary’s
articles of incorporation if the Subsidiary is a corporation, the date of the filing of its certificate of limited partnership if it is a limited partnership or the date of its organization if it is an entity other than a limited partnership or
corporation, (ii) if such Subsidiary is an existing Person newly acquired pursuant to a Permitted Acquisition, the date of the closing of the transaction constituting such Permitted Acquisition, or (iii) if such Subsidiary is formed in
connection with the Platinum Acquisition, the date of the closing of the Platinum Acquisition.” 
 (l) Certain Actions
by Agent. Section 11.20 [Certain Actions by Agent] of the Credit Agreement is hereby amended and restated as follows: 
 “11.20 Certain Actions by Agent. 
 Each Lender hereby
expressly agrees and irrevocably authorizes the Paying Agent to, (i) so long as no Event of Default exists (as certified by the Loan Parties to the Paying Agent), the Paying Agent, upon request of the Borrower, in connection with any sale,
transfer, lease, disposition, merger or other transaction permitted by this Agreement (including without limitation any merger permitted by Section 8.2.6 [Liquidations, Mergers, Consolidations, Acquisitions] or sales of assets permitted by
Section 8.2.7 [Disposition of Assets or Subsidiaries]), release Collateral or release any Guarantor from the Obligations under the Loan Documents and (ii) amend, modify, supplement or restate any of the other Loan Documents from time to
time in order to make modifications to such Loan Documents that are consistent with the modifications set forth in the Second Amendment, including, but not limited to, amending the other Loan Documents to permit the additional secured Indebtedness
permitted in clauses (xxiii) and (xxiv) of the definition of Permitted Liens.” 
  

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 2. Amendment to Credit Agreement to be Effective upon the Consummation of the Platinum
Acquisition. The following amendments shall be effective immediately upon the closing of the Platinum Acquisition: 
 (a)
New Definitions. Section 1.1 [Certain Definitions] of the Credit Agreement is amended to insert the following new definitions in the appropriate alphabetical order therein: 
 Proved Gas Reserves shall mean, with respect to (i) the 2010 fiscal year, the proved Gas reserves acquired by the
Loan Parties in connection with the Platinum Acquisition, and (ii) each fiscal year thereafter, the proved Gas reserves owned then or thereafter by any of the Loan Parties. 
 Reserve Report shall mean, with respect to (i) the 2010 fiscal year, that certain reserve report as of
December 31, 2009 for the Proved Gas Reserves acquired in connection with the Platinum Acquisition, which report was delivered by Netherland, Sewell & Associates, Inc. and dated March 9, 2010, and meeting the requirements of the
SEC for financial reporting purposes, certifying the present value of such Proved Gas Reserves and (ii) each fiscal year thereafter, those certain reserve reports as of the end of the prior fiscal year, which reports shall be from Netherland,
Sewell & Associates, Inc., or from such other independent engineer satisfactory to the Paying Agent and the Borrower and meeting the requirements of the SEC for financial reporting purposes, certifying the present value of the Loan
Parties’ Proved Gas Reserves. 
 Secured Debt shall have the meaning set forth in the Collateral
Trust Agreement, as such definition may be amended from time to time. 
 Senior Secured Leverage Ratio
shall mean the ratio of Secured Debt to Consolidated EBITDA. For purposes of calculating the Senior Secured Leverage Ratio, Secured Debt shall be determined as of the end of each fiscal quarter of the Borrower and Consolidated EBITDA shall be
determined as of the end of each fiscal quarter of the Borrower for the four fiscal quarters then ended. 
 Technical Agent shall mean Bank of America, N.A. and its successors and assigns. 
 (b) Collateral
Section 8.1.14 [Collateral] of the Credit Agreement is hereby amended and restated as follows: 
 Pursuant
to the Loan Documents, the Loan Parties shall grant, or cause to be granted, to the Collateral Trustee, for the benefit of the Secured Parties, a first priority security interest in and lien on, subject only to Permitted Liens, (i) all capital
stock and equity interests owned by the Loan Parties (including all stock owned in CNX Gas), but only up to 65% of the capital stock or equity interests of the Foreign Subsidiaries and none of the capital stock or equity interests of the other
Excluded Subsidiaries (other than CNX Gas), (ii) Proved Gas Reserves that constitute no less than seventy-five percent (75%) of the total present value of all such Proved Gas Reserves as such present values

  

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are determined in accordance with the most recent Reserve Report, and (iii) all of the other assets (except as excluded or limited above) of the Loan Parties including all accounts,
inventory, as-extracted collateral, fixtures, equipment, investment property, instruments, chattel paper, general intangibles, Coal reserves, methane gas reserves, coal bed methane reserves, mineral rights, owned and leased Real Property, leasehold
interests, patents and trademarks of each of the Loan Parties whether owned on the Closing Date or subsequently acquired; provided however, Liens will not be required on (a) the assets described on Schedule 8.1.14, (b) any
stock or assets acquired after the Closing Date in a Permitted Acquisition (other than the Platinum Acquisition), (c) except as set forth in clause (ii) of this Section, any parcel of Real Property (other than with respect to Real Property
that constitutes seventy-five percent (75%) of the total present value of Proved Gas Reserves referenced in clause (ii) of this Section) acquired after the Closing Date having a market value of less than the Threshold Amount, (d) any
patents, trademarks, trade names and copyrights other than those owned by the Loan Parties as of the Closing Date, and (e) the Baltimore Dock Facility. Notwithstanding the foregoing or anything set forth in Section 11.17 [Joinder of
Guarantors] of this Agreement, with respect to the Proved Gas Reserves referenced in clause (ii) of this Section the Loan Parties shall grant such first priority security interest in and lien on such Proved Gas Reserves within one hundred
twenty (120) days from the closing of the Platinum Acquisition for all such Proved Gas Reserves acquired in connection with the Platinum Acquisition and as soon as reasonably practicable after the delivery of the most recent Reserve Report to
the extent required by clause (ii) of this Section. Additionally, within one hundred twenty (120) days of the closing of the Platinum Acquisition, the Loan Parties shall deliver title information on the Proved Gas Reserves acquired in
connection with the Platinum Acquisition that comprise at least seventy-five percent 75% of the total present value of all such Proved Gas Reserves and such title reports shall be in form and substance that is customary and usual for such Proved Gas
Reserves and shall be in form and substance reasonably satisfactory to the Paying Agent.” 
 (c) Dividends and Related
Distributions. Subsection (ii) of Section 8.2.5 [Dividends and Related Distributions] of the Credit Agreement is hereby amended and restated as follows: 
 “(ii) dividends payable by the Borrower on common stock issued by the Borrower, provided that at the time of any such dividend payment, (1) no Event of Default or Potential Default shall exist
or shall result from such dividend payment after giving effect thereto; (2) the Leverage Ratio shall be 0.25 to 1.0 less than the applicable Leverage Ratio under Section 8.2.15 [Maximum Leverage Ratio] immediately prior to and after giving
effect to such dividend; and (3) the Borrower has Availability in excess of $100,000,000 after such dividend;” 
 (d)
Disposition of Assets or Subsidiaries. Section 8.2.7 [Disposition of Assets or Subsidiaries] of the Credit Agreement is hereby amended as follows: the word “and” shall be added to the end of subsection (x); subsection
(xi) shall be deleted; and subsection (xii) shall be renumbered “(xi)”. 
  

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 (e) Subsidiaries, Partnerships and Joint Ventures. Section 8.2.9 [Subsidiaries,
Partnerships and Joint Ventures] of the Credit Agreement is hereby amended and restated as follows: 
 “8.2.9 Subsidiaries, Partnerships and Joint Ventures. 
 None of the Loan Parties shall own
or create directly or indirectly any Subsidiaries other than (i) Excluded Subsidiaries; (ii) any Subsidiary that has joined this Agreement as a Guarantor on the Closing Date; and (iii) any Subsidiary formed or acquired after the
Closing Date that joins this Agreement as a Guarantor by complying with the procedures set forth in Section 11.17 [Joinder of Guarantors], provided that, other than with respect to Subsidiaries acquired in connection with Permitted Acquisitions
(other than (a) entities acquired in the Platinum Acquisition that own any Proved Gas Reserves or (b) other entities that own any Proved Gas Reserves, and, with respect to each such entity, only to the extent required by
Section 8.1.14), such Subsidiary shall grant and cause to be perfected first priority Liens, subject to Permitted Liens, to the Collateral Trustee for the benefit of the Secured Parties in its assets as described in, and subject to the
provisions of, Section 8.1.14. Except in connection with an Investment permitted by Sections 8.2.4(vi) through (x) or as a result of the Permitted Acquisition of any general or limited partnership, none of the Loan Parties shall
become or agree to (1) become a general partner in any general or limited partnership, or (2) become a joint venturer or hold a joint venture interest in any joint venture.” 
 (f) Maximum Leverage Ratio. Section 8.2.15 [Maximum Leverage Ratio] of the Credit Agreement is hereby amended and restated as
follows: 
 “8.2.15 Maximum Leverage Ratio. 
 The Loan Parties shall not permit the Leverage Ratio, calculated as of the end of each fiscal quarter, to be greater than the
following amounts for the following periods: 
  

			
	 Period
	  	Ratio
	 Second Amendment Effective Date through December 31, 2010
	  	4.75 to 1.0
	 March 31, 2011 through December 31, 2011
	  	3.50 to 1.0
	 March 31, 2012 and thereafter
	  	3.25 to 1.0

 Notwithstanding the above, the maximum permitted Leverage Ratio shall be reduced by 0.50 to 1.0 for every $500,000,000 of gross proceeds received by the any of the Loan Parties from any equity offering(s) occurring on or before
March 31, 2011 (each an “Equity Offering”), provided that, prior to March 31, 2012, the maximum permitted Leverage Ratio shall not be reduced to less than 3.50 to 1.0 after an Equity Offering and shall in no event be reduced to
less than 3.25 to 1.0.” 
 (g) Minimum Interest Coverage Ratio. Section 8.2.16 [Minimum Interest Coverage
Ratio] of the Credit Agreement is hereby amended and restated as follows: 
  

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 “8.2.16 Minimum Interest Coverage Ratio. 
 The Loan Parties shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter, to be less
than the following amounts for the following periods: 
  

			
	 Period
	  	Ratio
	 Second Amendment Effective Date through December 31, 2010
	  	2.0 to 1.0
	 March 31, 2011 through December 31, 2011
	  	2.5 to 1.0
	 March 31, 2012 and thereafter
	  	  3.0 to 1.0”

 (h) Maximum Senior Secured Leverage Ratio. Article 8.2 [Negative Covenants] of the Credit Agreement is hereby amended to add the following new Section 8.2.20 [Senior Secured Leverage Ratio]:

 “8.2.20 Maximum Senior Secured Leverage Ratio. 
 The Loan Parties shall not permit the Senior Secured Leverage Ratio, calculated as of the end of each fiscal quarter, to be
greater than the following amounts for the following periods: 
  

			
	 Period
	  	Ratio
	 Second Amendment Effective Date through December 31, 2010
	  	2.5 to 1.0
	 March 31, 2011 and thereafter
	  	  2.0 to 1.0”

 (i) Reserve Report. Section 8.3 [Reporting Requirements] of the Credit Agreement is hereby amended to add the following new Section 8.3.9 [Reserve Reports]: 
 “8.3.9 Reserve Reports. 
 As soon as available and in any event within sixty (60) days after the end of each fiscal year of the Borrower, the
Reserve Report for such fiscal year.” 
 (j) Pricing Grid. Schedule 1.1 (A) — Pricing Grid of the
Credit Agreement is hereby amended and restated in its entirety as set forth on the schedule titled as Schedule 1.1 (A) — Pricing Grid attached hereto. 
 (k) Real Property. Schedule 1.1(R) — Real Property of the Credit Agreement is hereby amended to include certain
Proved Gas Reserves in an amount sufficient to satisfy the requirements of Section 8.1.14(ii) of the Credit Agreement. 
 3. Condition Precedent. This Amendment shall be effective upon completion of each of the following conditions to the satisfaction of the Paying Agent: 
  

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 (a) Execution and Delivery of Amendment. The Borrower, the other Loan Parties, the
Required Lenders, and the Paying Agent shall have received approval to execute and shall have executed this Amendment. 
 (b)
Financial Projections. There shall have been delivered to the Paying Agent for the benefit of each Lenders copies of the pro forma financial projections of the Borrower and its Subsidiaries, including a pro forma closing balance sheet,
statements of operations, statement of cash flows, for the period commencing January 1, 2010 through and including December 31, 2014. 
 (c) Platinum Financial Statements. There shall have been delivered to the Paying Agent for the benefit of each Lenders a draft copy of audited financial statements for the entities acquired in
connection with the Platinum Acquisition, prepared in accordance with GAAP, for the fiscal year ended December 31, 2009. 
 (d) Platinum Reserve Report. The Paying Agent and Technical Agent shall have received a Reserve Report, certifying the present value of the Proved Gas Reserves as of December 31, 2009 that are being acquired in connection with
the Platinum Acquisition. 
 (e) No Actions or Proceedings. No action, proceeding, investigation, regulation or
legislation shall have been instituted, threatened or proposed before any court, governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, this Amendment, the other Loan Documents or the
consummation of the transactions contemplated hereby or thereby, upon which the claimant is reasonably likely to prevail and the effect of which would constitute a Material Adverse Change. 
 (f) Consents. All material consents required to effectuate the transactions contemplated by this Amendment and the other Loan
Documents and shall have been obtained. 
 (g) Confirmation of Guaranty. Each of the Guarantors by execution of this
Amendment hereby confirms that they have read and understand the Amendment. In order to induce the Lenders, the Paying Agent and the other Agents to enter into the Amendment, each of the Guarantors: (i) consents to the Amendment and the
transactions contemplated thereby; (ii) ratifies and confirms each of the Loan Documents to which it is a party; (iii) ratifies, agrees and confirms that it has been a Guarantor and a Loan Party at all times since it became a Guarantor and
a Loan Party and from and after the date hereof, each Guarantor shall continue to be a Guarantor and a Loan Party in accordance with the terms of the Loan Documents, as the same may be amended in connection with the Amendment and the transactions
contemplated thereby; and (iv) hereby ratifies and confirms its obligations under each of the Loan Documents (including all exhibits and schedules thereto), as the same may be amended in connection with the Amendment and the transactions
contemplated thereby, by signing below as indicated and hereby acknowledges and agrees that nothing contained in any of such Loan Documents is intended to create, nor shall it constitute an interruption, suspension of continuity, satisfaction,
discharge of prior duties, novation or termination of the indebtedness, loans, liabilities, expenses, guaranty or obligations of any of the Loan Parties under the Credit Agreement or any other such Loan Document. 
  

 12 

 4. Conditions Subsequent. The Borrower hereby covenants to provide the following
within fifteen (15) days of the Second Amendment Effective Date: 
 (a) Officer’s Certificate. The
representations and warranties of the Loan Parties contained in Section 6 of the Credit Agreement including as amended by the modifications and additional representations and warranties of this Amendment, and of each Loan Party in each of the
other Loan Documents shall be true and accurate on and as of the Second Amendment Effective Date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which
relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein), and each of the Loan Parties shall have performed and complied with all covenants
and conditions hereof and thereof, no Event of Default or Potential Default shall have occurred and be continuing or shall exist; and there shall be delivered to the Paying Agent for the benefit of each Lender a certificate of the Borrower dated as
of the Second Amendment Effective Date and signed by a Responsible Officer of each of the Loan Parties to each such effect. 
 (b) Secretary’s Certificate. There shall be delivered to the Paying Agent for the benefit of each Lender a certificate dated the Second Amendment Effective Date and signed by the Secretary or an Assistant Secretary of each of
the Loan Parties, certifying as appropriate as to: 
 (i) all action taken by each Loan Party in connection with this Amendment
and the other Loan Documents; 
 (ii) the names of the officer or officers authorized to sign this Amendment and the other Loan
Documents and the true signatures of such officer or officers and specifying the Authorized Officers permitted to act on behalf of each Loan Party for purposes of this Amendment and the true signatures of such officers, on which the Paying Agent and
each Lender may conclusively rely; and 
 (iii) no material changes with respect to its organizational documents. 

(c) Opinions of Counsel. There shall be delivered to the Paying Agent for the benefit of each Lender a written opinion of
McGuireWoods LLP and a written opinion of in-house counsel for the Loan Parties, each dated on or about the Second Amendment Effective Date and in form and substance satisfactory to the Paying Agent and its counsel as to such matters incident to the
transactions contemplated herein as the Paying Agent may reasonably request. 
 (d) Platinum Financial Statements. There
shall have been delivered to the Paying Agent for the benefit of each Lenders a final copy of audited financial statements for the entities acquired in connection with the Platinum Acquisition, prepared in accordance with GAAP, for the fiscal year
ended December 31, 2009. 
 5. Amendment Fees. The Borrower shall pay or cause to be paid to the Paying Agent for
itself and for the account of the Lenders (i) all fees set forth in that certain fee letter

  

 13 

 
dated March 12, 2010, between the Paying Agent and the Borrower and (ii) all other fees, costs and expenses payable to the Paying Agent or any Lender or for which the Paying Agent or
any Lender is entitled to be reimbursed, including but not limited to the fees and expenses of the Paying Agent’s legal counsel. 
 6. Incorporation into Agreements. The terms, provisions, representations, warranties and covenants set forth herein shall be incorporated into the Credit Agreement by this reference. All terms, provisions, representations, warranties
and covenants set forth herein shall be a part of the Credit Agreement as if originally contained therein. 
 7. Full Force
and Effect. Except as expressly modified by this Amendment, all of the terms, conditions, representations, warranties and covenants contained in the Loan Documents shall continue in full force and effect, including without limitation, all liens
and security interests granted pursuant to the Loan Documents. 
 8. Counterparts. This Amendment may be executed by
different parties hereto in any number of separate counterparts, each of which, when so executed and delivered shall be an original and all such counterparts shall together constitute one and the same instrument. 
 9. Severability. If any term of this Amendment or any application thereof shall be held to be invalid, illegal or unenforceable, the
validity of other terms of this Amendment or any other application of such term shall in no way be affected thereby. 
 10.
Entire Agreement. This Amendment sets forth the entire agreement and understanding of the parties with respect to the amendment to the Credit Agreement contemplated hereby and supersedes all prior understandings and agreements, whether
written or oral, between the parties hereto relating to such amendment. No representation, promise, inducement or statement of intention has been made by any party that is not embodied in this Amendment, and no party shall be bound by or liable for
any alleged representation, promise, inducement or statement of intention not set forth herein. 
 11. Governing Law.
This Amendment shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the internal laws of the Commonwealth of Pennsylvania applicable to contracts made and to be performed in said Commonwealth.

 [SIGNATURES APPEAR ON FOLLOWING PAGES] 
  

 14 

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
 IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Second Amendment to Amended and Restated Credit Agreement as of the day and year first above written
with the intention that it constitutes a sealed instrument. 
  

					
	BORROWER:
	
	CONSOL ENERGY INC.
		
	By:	 	 /s/ John M. Reilly

	Name:	 	John M. Reilly
	Title:	 	Vice President and Treasurer
	
	GUARANTORS:
	
	TERRY EAGLE LIMITED PARTNERSHIP
		
	By:	 	TECPART Corporation, a general partner
			
		 	By:	 	 /s/ John M. Reilly

		 	Name:	 	John M. Reilly
		 	Title:	 	Treasurer
		
	By:	 	TEAGLE Company, L.L.C., a general partner
			
		 	By:	 	 /s/ John M. Reilly

		 	Name:	 	John M. Reilly
		 	Title:	 	Treasurer

	
	 GUARANTORS:
  
 AMVEST COAL & RAIL, L.L.C.

 AMVEST COAL SALES, INC.
 AMVEST CORPORATION
 AMVEST GAS RESOURCES, INC.
 AMVEST MINERAL SERVICES, INC.
 AMVEST MINERALS COMPANY, L.L.C.
 AMVEST OIL & GAS, INC.
 AMVEST WEST VIRGINIA COAL, L.L.C.
 BRAXTON-CLAY LAND & MINERAL, INC.
 CNX LAND RESOURCES INC.
 CNX MARINE TERMINALS INC.
 CONSOL ENERGY SALES COMPANY
 CONSOL OF CANADA INC.
 CONSOL OF CENTRAL PENNSYLVANIA LLC
 CONSOL OF KENTUCKY INC.
 CONSOL OF OHIO LLC
 CONSOL OF WV LLC
 CONSOL OF WYOMING LLC
 CONSOL PENNSYLVANIA COAL COMPANY LLC
 FOLA COAL COMPANY, L.L.C.
 GLAMORGAN COAL COMPANY, L.L.C.
 LEATHERWOOD, INC.
 LITTLE EAGLE COAL COMPANY, L.L.C.
 MON RIVER TOWING, INC.
 MTB INC.
 NICHOLAS-CLAY LAND & MINERAL, INC.
 PETERS CREEK MINERAL SERVICES, INC.
 RESERVE COAL PROPERTIES COMPANY
 ROCHESTER & PITTSBURGH COAL COMPANY
 TEAGLE COMPANY, L.L.C.
 TECPART CORPORATION
 TERRA FIRMA COMPANY
 TERRY EAGLE COAL COMPANY, L.L.C.
 VAUGHAN RAILROAD COMPANY
 WOLFPEN KNOB DEVELOPMENT COMPANY

  

			
	By:	 	 /s/ John M. Reilly

		 	 John M. Reilly, Treasurer of each Guarantor
 listed above on behalf of each such Guarantor

	
	 GUARANTORS:
  
 CENTRAL OHIO COAL COMPANY
 CONSOLIDATION COAL COMPANY
 EIGHTY-FOUR MINING COMPANY
 HELVETIA COAL COMPANY
 ISLAND CREEK COAL COMPANY
 KEYSTONE COAL MINING CORPORATION
 LAUREL RUN MINING COMPANY
 McELROY COAL COMPANY
 SOUTHERN OHIO COAL COMPANY
 TWIN RIVERS TOWING COMPANY
 WINDSOR COAL COMPANY

  

			
	By:	 	 /s/ Daniel S. Cangilla

		 	 Daniel S. Cangilla, Treasurer of each
 Guarantor listed above on behalf of each such
 Guarantor

  

					
	GUARANTORS:
	
	CONRHEIN COAL COMPANY
		
	By:	 	 CONSOLIDATION COAL COMPANY, a
 general partner

			
		 	By:	 	 /s/ Daniel S. Cangilla

		 	Name:	 	Daniel S. Cangilla
		 	Title:	 	Treasurer

			
	GUARANTORS:
	
	CONSOL FINANCIAL INC.
		
	By:	 	 /s/ Christopher C. Jones

	Name:	 	Christopher C. Jones
	Title:	 	Vice President and Secretary

			
	GUARANTORS:
	
	CONSOL ENERGY HOLDINGS LLC VI
		
	By:	 	 /s/ John M. Reilly

	Name:	 	John M. Reilly
	Title:	 	Vice President & Treasurer
	
	CONSOL ENERGY HOLDINGS LLC XVI
		
	By:	 	 /s/ John M. Reilly

	Name:	 	John M. Reilly
	Title:	 	Vice President & Treasurer

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	 CITICORP NORTH AMERICA, INC.,
 individually and as Co-Administrative Agent

		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	 PNC BANK, NATIONAL ASSOCIATION,
 individually, as Co-Administrative Agent and as Paying Agent

		
	By:	 	 /s/ Richard C. Munsick

	Name:	 	Richard C. Munsick
	Title:	 	Senior Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	THE BANK OF NOVA SCOTIA
		
	By:	 	 /s/ Thane Rattew

	Name:	 	 Thane Rattew

	Title:	 	 Managing Director

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	BANK OF AMERICA, N.A. individually and as Technical Agent
		
	By:	 	 /s/ Sandra M. Serie

	Name:	 	 Sandra M. Serie

	Title:	 	 Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	 LENDER:

	
	THE ROYAL BANK OF SCOTLAND PLC
		
	 By:
	 	 /s/ Patricia Dundee

	 Name:
	 	 Patricia Dundee

	 Title:
	 	 Managing Director

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	 LENDER:

	
	UNION BANK OF CALIFORNIA, N.A.
		
	By:	 	 /s/ Bryan P. Read

	Name:	 	 Bryan P. Read

	Title:	 	 Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	WACHOVIA BANK, NATIONAL
ASSOCIATION
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	BAYERISCHE LANDESBANK, NEW YORK BRANCH
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	 LENDER:

	
	BMO CAPITAL MARKETS FINANCING, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	 LENDER:

	
	BNP PARIBAS
		
	By:	 	 /s/ Claudia Zarate

	Name:	 	 Claudia Zarate

	Title:	 	 Vice President

		
	By:	 	 /s/ Richard Hawthorne

	Name:	 	 Richard Hawthorne

	Title:	 	 Director

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	 CREDIT AGRICOLE CORPORATE & INVESTMENT BANK

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

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	FIRST COMMONWEALTH BANK
		
	By:	 	 /s/ C. Forrest Tefft

	Name:	 	 C. Forrest Tefft

	Title:	 	 Senior Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	 LENDER:

	
	SOVEREIGN BANK
		
	 By:
	 	 /s/ Robert D. Lanigan

	 Name:
	 	 Robert D. Lanigan

	 Title:
	 	 Senior Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	JPMORGAN CHASE BANK, N.A.
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	FIFTH THIRD BANK
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	 LENDER:

	
	THE HUNTINGTON NATIONAL BANK
		
	By:	 	 /s/ W. Christopher Kohler

	Name:	 	 W. Christopher Kohler

	Title:	 	 Vice President

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	US BANK NATIONAL ASSOCIATION
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	SUMITOMO MITSUI BANKING CORPORATION
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	KEYBANK NATIONAL ASSOCIATION
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	THE BANK OF TOKYO-MITSUBISHI UFJ LTD, NEW YORK BRANCH
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	LENDER:
	
	FIRST NATIONAL BANK OF PENNSYLVANIA
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [SIGNATURE PAGE TO SECOND AMENDMENT 
 TO AMENDED AND RESTATED CREDIT AGREEMENT] 
  

			
	 LENDER:

	
	RAYMOND JAMES BANK, FSB
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 PRICING GRID 
  

															
	 Level
	  	 Applicable Leverage Ratio
	  	Revolving Credit
Euro-Rate Spread	 	 	Revolving Credit
Base Rate Spread
	 	 	Letter
of Credit
Fee	 	 	Commitment
Fee	 
	 I
	  	less than 2.0 to 1.0	  	2.25	% 	 	1.25	% 	 	2.25	% 	 	0.50	% 
	 II
	  	greater than or equal to 2.0 to 1.0, but less than 2.5 to 1.0	  	2.75	% 	 	1.75	% 	 	2.75	% 	 	0.50	% 
	 III
	  	greater than or equal to 2.5 to 1.0, but less than 3.0 to 1.0	  	3.00	% 	 	2.00	% 	 	3.00	% 	 	0.50	% 
	 IV
	  	greater than or equal to 3.0 to 1.0, but less than 3.5 to 1.0	  	3.25	% 	 	2.25	% 	 	3.25	% 	 	0.50	% 
	 V
	  	greater than or equal to 3.5 to 1.0	  	3.50	% 	 	2.50	% 	 	3.50	% 	 	0.50	% 

 For purposes of determining
the Applicable Margin and the Applicable Letter of Credit Fee Rate it is expressly agreed that after the Closing Date, the Applicable Margin and the Applicable Letter of Credit Fee Rate shall be determined based upon Schedule 1.1(A) above;
provided, however, that the Applicable Margin and the Applicable Letter of Credit Fee Rate shall be set as of the Financials Delivery Date regardless of the actual date that a Compliance Certificate is provided to the Lenders.Fourth Amendment to Amended and Restated Receivables Purchase Agreement

 Exhibit 10.4 
 EXECUTION COPY 
 [CONSOL] 
 FOURTH AMENDMENT TO AMENDED AND RESTATED 
 RECEIVABLES PURCHASE AGREEMENT 
 THIS FOURTH AMENDMENT TO AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT (this “Amendment”), dated as of April 27, 2009, is entered into among CNX FUNDING CORPORATION, (the “Seller”), CONSOL ENERGY INC. (“CONSOL Energy”), as the
initial Servicer (in such capacity, the “Servicer”), the various Sub-Servicers listed on the signature pages hereto, the Conduit Purchasers listed on the signature pages hereto, the Purchaser Agents listed on the signature pages
hereto, the LC Participants listed on the signature pages hereto and PNC BANK, NATIONAL ASSOCIATION, as Administrator (in such capacity, the “Administrator”) and as LC Bank (in such capacity, the “LC Bank”).

 RECITALS 
 1. Reference is made to that certain Amended and Restated Receivables Purchase Agreement, dated as of April 30, 2007 (as amended, restated, supplemented or otherwise modified, the “Agreement”) by and among the Seller,
the Servicer, the various Sub-Servicers, Conduit Purchasers, Purchaser Agents and LC Participants party thereto, the Administrator and the LC Bank; and 
 2. The parties hereto desire to amend the Agreement as hereinafter set forth. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 SECTION 1. Certain Defined Terms. Capitalized terms that are used but not defined herein shall have the meanings set forth in the Agreement. 
 SECTION 2. Amendments to the Agreement. 
 2.1 Clause (b) of Section 1.12 of the Agreement is hereby amended and restated in its entirety as follows: 
 (b) Each Letter of Credit shall, among other things, (i) provide for the payment of sight drafts or other written
demands for payment when presented for honor thereunder in accordance with the terms thereof and when accompanied by the documents described therein and (ii) have an expiry date not later than twelve (12) months after such Letter of
Credit’s date of issuance, extension or renewal, as the case may be, and in no event later than twelve (12) months after the Facility Termination Date. Each Letter of Credit shall be subject either to the Uniform Customs and Practice for
Documentary Credits (2007 Revision), International Chamber of Commerce Publication No. 600, and any amendments or revisions thereof adhered to by the LC Bank (“UCP 600”) or the International Standby Practices (ISP98-International
Chamber of Commerce Publication Number 590),

 
and any amendments or revisions thereof adhered to by the LC Bank (the “ISP98 Rules”), as determined by the LC Bank. 
 2.2 The definition of “Alternate Rate” set forth in Exhibit I to the Agreement is hereby amended and restated in its
entirety as follows: 
 “Alternate Rate” for any Settlement Period for any Portion of Capital of the
Purchased Interest means an interest rate per annum equal to, at the option of the applicable Purchaser Agent: (a) 3.50% per annum above the Euro-Rate for such Settlement Period, only to the extent that the Euro-Rate is not unavailable
pursuant to, without limitation, Section 1.9, or (b) the Base Rate for such Settlement Period; provided, that the “Alternate Rate” for any day while a Termination Event exists shall be an interest rate equal to the
greater of (i) 3.00% per annum above the Base Rate in effect on such day and (ii) the “Alternate Rate” as calculated in clause (a) above. 
 2.3 The definition of “Concentration Reserve Percentage” set forth in Exhibit 1 to the Agreement is hereby amended and
restated in its entirety as follows: 
 “Concentration Reserve Percentage” means, at any time the
following expressed as a percentage (as opposed to a fraction), (a) the largest of the following: (i) the sum of the five largest Group D Obligor Receivables balances (up to the Concentration Percentage for each such Obligor),
(ii) the sum of the three largest Group C Obligor Receivables balances (up to the Concentration Percentage for each such Obligor), (iii) the sum of the two largest Group B Obligor Receivables balances (up to the Concentration Percentage
for each such Obligor) and (iv) the largest Group A Obligor Receivables balance (up to the Concentration Percentage for such Obligor), divided by (b) the Outstanding Balance of all Eligible Receivables. 
 2.4 The last sentence of the definition of “CP Rate” set forth in Exhibit I to the Agreement is hereby amended and restated
in its entirety as follows: 
 Notwithstanding the foregoing, the “CP Rate” for any day while a
Termination Event exists shall be an interest rate equal to the greater of (a) 3.00% above the Base Rate in effect on such day and (b) the Alternate Rate as calculated in the definition thereof. 
 2.5 Clause (ii)(x) of the definition of “Dilution Reserve Percentage” set forth in Exhibit I to the Agreement is
hereby amended by deleting the reference to the number “2” therein and substituting a reference to the number “2.25” therefor. 
 2.6 The definition of “Loss Reserve Percentage” set forth in Exhibit I to the Agreement is hereby amended by deleting the reference to the number “2.0” therein and substituting
a reference to the number “2.25” therefor. 
 2.7 The definition of “UCP 500” set forth in
Exhibit 1 to the Agreement is hereby amended and restated in its entirety as follows: 
 “UCP
600” has the meaning set forth in Section 1.12 of the Agreement. 
  

 - 2 - 

 SECTION 3. Representations and Warranties. Each of the Seller, CONSOL Energy,
the Servicer and the Sub-Servicers hereby represents and warrants to the Administrator, the Purchaser Agents and the Purchasers as follows: 
 (a) Representations and Warranties. The representations and warranties made by it in the Transaction Documents are true and correct as of the date hereof (unless stated to relate solely to an
earlier date, in which case such representations or warranties were true and correct as of such earlier date). 
 (b)
Enforceability. The execution and delivery by such Person of this Amendment, and the performance of each of its obligations under this Amendment and the Agreement, as amended hereby, are within each of its corporate powers and have been duly
authorized by all necessary corporate action on its part. This Amendment and the Agreement, as amended hereby, are such Person’s valid and legally binding obligations, enforceable in accordance with its terms. 
 (c) No Default. Both before and immediately after giving effect to this Amendment and the transactions contemplated hereby, no
Termination Event or Unmatured Termination Event exists or shall exist. 
 SECTION 4. Effect of Amendment. All
provisions of the Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Agreement (or in any other Transaction Document) to “this
Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or
impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein. 
 SECTION 5.
Effectiveness. This Amendment shall become effective as of the date hereof (the “Effective Date”) upon satisfaction of each of the following conditions precedent, each in form and substance satisfactory to the
Administrator: 
 (a) receipt by the Administrator of duly executed counterparts of this Amendment, in form and substance
satisfactory to the Administrator; 
 (b) receipt by the Administrator of duly executed counterparts of that certain Fee Letter,
dated as of the date hereof, by and among the Seller, the Servicer, the Administrator and Market Street Funding LLC, in form and substance satisfactory to the Administrator (including receipt of the “Amendment Fee” referred to therein);

 (c) receipt by The Bank of Nova Scotia of duly executed counterparts of that certain Fee Letter, dated as of the date hereof,
by and among the Seller, the Servicer, The Bank of Nova Scotia and Liberty Street Funding LLC, in form and substance satisfactory to The Bank of Nova Scotia (including receipt of the “Amendment Fee” referred to therein); and 
 (d) receipt by the Administrator of such other documents and instruments as the Administrator may reasonably request. 
  

 - 3 - 

 SECTION 6. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 
 SECTION 7. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York. 
 SECTION 8. Section Headings. The various headings of this Amendment are included for convenience only and shall not affect the
meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof. 
 [SIGNATURES BEGIN ON NEXT
PAGE] 
  

 - 4 - 

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

					
	CNX FUNDING CORPORATION, as Seller
		
	By:	 	 /s/ Christopher C. Jones

		 	Name:	 	Christopher C. Jones
		 	Title:	 	Vice President and Secretary

			
		
	Address:	 	300 Delaware Avenue
		 	 Suite 567
 Wilmington, DE
19801

	Attention:	 	Treasurer
	Telephone:	 	(302) 225-5194
	Facsimile•	 	(302) 225-1594

					
	
	 CONSOL ENERGY INC.,
 as initial Servicer

		
	By:	 	 /s/ John M. Reilly

		 	Name:	 	John M. Reilly
		 	Title:	 	Vice President and Treasurer

			
		
	Address:	 	CNX Center
		 	1000 CONSOL Energy Drive
		 	Canonsburg, PA 15317
	Attention:	 	Treasurer
	Telephone:	 	(724) 485-4128
	Facsimile:	 	(724) 485-4836

  

 S-1 

					
	 CNX MARINE TERMINALS INC.,
 CONSOL ENERGY SALES COMPANY,
 CONSOL OF KENTUCKY INC.,
 CONSOL PENNSYLVANIA COAL COMPANY, LLC,
 FOLA COAL COMPANY, L.L.C.,
 LITTLE EAGLE COAL COMPANY, L.L.C.,
 MON RIVER TOWING, INC., and
 TERRY EAGLE COAL
COMPANY, L.L.C.,
 each as a Sub-Servicer

		
	By:	 	 /s/ John M. Reilly

		 	Name:	 	John M. Reilly
		 	Title:	 	Vice President and Treasurer

			
		
	Address:	 	CNX Center
		 	1000 CONSOL Energy Drive
		 	Canonsburg, PA 15317
	Attention:	 	Treasurer
	Telephone:	 	(724) 485-4128
	Facsimile:	 	(724) 485-4836

					
	
	 CONSOLIDATION COAL COMPANY,
 EIGHTY-FOUR MINING COMPANY,
 ISLAND CREEK COAL COMPANY,
 KEYSTONE COAL MINING CORPORATION,
 MCELROY COAL COMPANY, and
 TWIN RIVERS TOWING COMPANY,
 each as a Sub-Servicer

		
	By:	 	 /s/ Daniel S. Cangilla

		 	Name:	 	Daniel S. Cangilla
		 	Title:	 	Treasurer

			
		
	Address:	 	CNX Center
		 	1000 CONSOL Energy Drive
		 	Canonsburg, PA 15317
	Attention:	 	Treasurer
	Telephone:	 	(724) 485-4564
	Facsimile:	 	(724) 485-4825

  

 S-2 

					
	 MARKET STREET FUNDING LLC,
 as a Conduit Purchaser

		
	By:	 	 /s/ Doris J. Hearn

		 	Name:	 	Doris J. Hearn
		 	Title:	 	Vice President
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as Administrator and as Purchaser Agent for Market Street

		
	By:	 	 /s/ William P. Falcon

		 	Name:	 	William P. Falcon
		 	Title:	 	Vice President
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as the LC Bank and as an LC Participant

		
	By:	 	 /s/ Richard C. Munsick

		 	Name:	 	Richard C. Munsick
		 	Title:	 	Senior Vice President

  

 S-3 

					
	 LIBERTY STREET FUNDING LLC, as a Conduit
 Purchaser

		
	By:	 	 /s/ Jill A. Russo

		 	Name:	 	Jill A. Russo
		 	Title:	 	Vice President
	
	 THE BANK OF NOVA SCOTIA, as Purchaser
 Agent for Liberty Street

		
	By:	 	 /s/ Michael Eden

		 	Name:	 	Michael Eden
		 	Title:	 	Director
	
	 THE BANK OF NOVA SCOTIA,
 as an LC Participant

		
	By:	 	 /s/ Michael Eden

		 	Name:	 	Michael Eden
		 	Title:	 	Director

  

 S-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]