Document:

Exhibit

Exhibit 10.2

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 31, 2019 (this “Amendment”), is entered into among SunCoke Energy, Inc., a Delaware corporation (the “Parent”), SunCoke Energy Partners, L.P., a Delaware limited partnership (“SXCP”), the Lenders party hereto  and Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Capitalized terms used herein and not otherwise defined shall have the meanings ascribed thereto in the Credit Agreement (as defined below).

RECITALS

A.    The Parent, SXCP, the Lenders and the Administrative Agent entered into that certain Second Amended and Restated Credit Agreement, dated as of August 5, 2019 (as amended or modified, the “Credit Agreement”).

B.    The Parent and SXCP have requested the Lenders amend the Credit Agreement as set forth below. 

C.    In consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows.

AGREEMENT

1.    Amendments to Credit Agreement.  

(a)    The definition of “Loan Documents” in Section 1.1 of the Credit Agreement is hereby amended to read as follows: 

“Loan Documents”: this Agreement, the Security Documents, the Notes, the Fee Letter, any joinder or similar agreement entered into pursuant to Section 2.25 and any amendment, waiver, supplement or other modification to any of the foregoing. 

(b)    A new Section 2.25 is hereby added to the Credit Agreement to read as follows:

2.25    Additional Borrowers.

(a)  The Parent may at any time, upon not less than 15 Business Days’ written notice to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), request the designation of any wholly-owned domestic Restricted Subsidiary as a “Borrower” to receive extensions of credit hereunder. The Administrative Agent shall promptly notify the Lenders. Thereafter, the Administrative Agent shall send a joinder agreement or other similar 

 

agreement in form and substance satisfactory to the Administrative Agent specifying the effective date upon which such wholly-owned domestic Restricted Subsidiary shall constitute a Borrower for purposes hereof.  Upon the execution of such agreement by the Parent, such Restricted Subsidiary and the Administrative Agent, such Restricted Subsidiary shall be a Borrower and permitted to receive extensions of credit hereunder, on the terms and conditions set forth herein and therein, and such Restricted Subsidiary otherwise shall be a Borrower for all purposes of this Agreement; provided that no Loan Notice or Application may be submitted by or on behalf of such newly-designated Borrower until the date 5 Business Days after such effective date.  The parties hereto acknowledge and agree that, prior to any wholly-owned domestic Restricted Subsidiary becoming entitled to utilize the credit facilities provided for in this Agreement, the Administrative Agent and the Lenders shall have received such supporting resolutions, incumbency certificates, opinions of counsel, “know-your-customer” information and other documents or information, in form, content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent in its reasonable discretion.

(b)    The Parent may from time to time, upon not less than 10 Business Days’ written notice to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), terminate a Restricted Subsidiary’s status as a “Borrower”, provided that there are no outstanding credit extensions payable by such Borrower, or other amounts payable by such Borrower on account of any credit extensions made to it, as of the effective date of such termination. The Administrative Agent will promptly notify the Lenders of any such termination of a Borrower’s status.

2.    Effectiveness; Conditions Precedent.  This Amendment shall be effective upon receipt by the Administrative Agent of counterparts of this Amendment executed by the Parent, SXCP, the Required Lenders and the Administrative Agent and acknowledged by the Guarantors.

3.    Counterparts/Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of executed counterparts of this Amendment by telecopy or other secure electronic format (.pdf) shall be effective as an original.

4.    GOVERNING LAW.  THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

[remainder of page intentionally left blank]

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

BORROWERS:                    SUNCOKE ENERGY, INC.,
a Delaware corporation
By:     /s/Fay West
Name:   Fay West
Title:  Senior Vice President and Chief Financial Officer
     
SUNCOKE ENERGY PARTNERS, L.P.,
a Delaware limited partnership
By: SunCoke Energy Partners GP, LLC
By:     /s/Fay West
Name:   Fay West
Title:  Senior Vice President and Chief Financial Officer

		
	ADMINISTRATIVE AGENT:
	BANK OF AMERICA, N.A.,

as Administrative Agent

 
By:     /s/Lisa Berishaj
Name:    Lisa Berishaj
Title:    Assistant Vice President
    

		
	LENDERS:
	BANK OF AMERICA, N.A.,

as a Lender

 
By:     /s/Jonathan M. Phillips
Name:    Jonathan M. Phillips
Title:    Senior Vice President

ABN AMRO CAPITAL USA LLC,
as a Lender

 
By:    /s/Jamie Matos                    
Name:    Jamie Matos
Title:    Director

By:    /s/Amit Wynalda
Name:    Amit Wynalda
Title:    Executive Director

BMO HARRIS BANK, N.A.,
as a Lender

 
By:    /s/Jason Deegan
Name:    Jason Deegan
Title:    Director

JPMORGAN CHASE BANK, N.A.,
as a Lender

 
By:    /s/James Shender
Name:    James Shender
Title:    Vice President

CITIBANK, N.A.,
as a Lender

 
By:    /s/Sumeet Singal
Name:    Sumeet Singal
Title:    Vice President

GOLDMAN SACHS BANK USA,
as a Lender

 
By:    /s/Jamie Minieri
Name:    Jamie Minieri
Title:    Authorized Signatory 
    

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
as a Lender

 
By:    /s/Mikhail Faybusovich
Name:    Mikhail Faybusovich
Title:    Authorized Signatory 

 
By:    /s/Christopher Zybrick
Name:    Christopher Zybrick
Title:    Authorized Signatory 

Each of the undersigned (a) affirms all of its obligations under that certain Second Amended and Restated  Guarantee and Collateral Agreement, dated as of August 5, 2019, among each of the undersigned and the Administrative Agent in connection with the Credit Agreement as amended by this Amendment and (b) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge the Guarantors’ obligations under Second Amended and Restated  Guarantee and Collateral Agreement. 

GUARANTORS:

CEREDO LIQUID TERMINAL, LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President

CMT LIQUIDS TERMINAL, LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President

ELK RIVER MINERALS CORPORATION, 
a Delaware corporation

By:     /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

FF FARM HOLDINGS LLC, 
a Delaware limited liability company

By:      /s/Allison S. Lausas
Name:  Allison S. Lausas
Title:    Vice President and Controller

GATEWAY COGENERATION COMPANY LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President 

GATEWAY ENERGY & COKE COMPANY, LLC, 
a Delaware limited liability company

By:     /s/Fay West
Name:  Fay West
Title:    Senior Vice President

HAVERHILL COGENERATION COMPANY LLC, 
a Delaware limited liability company

By:     /s/Fay West
Name:    Fay West  
Title:    Senior Vice President and Chief Financial Officer

HAVERHILL COKE COMPANY LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

INDIANA HARBOR COKE COMPANY, 
a Delaware corporation

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

INDIANA HARBOR COKE CORPORATION, 
an Indiana corporation

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

 JEWELL COAL AND COKE COMPANY, INC., 
a Virginia corporation

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

JEWELL COKE ACQUISITION COMPANY, 
a Virginia corporation

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

JEWELL COKE COMPANY, L.P., 
a Delaware limited partnership

By: Jewell Coke Acquisition Company, its general partner

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer
    

JEWELL RESOURCES CORPORATION, 
a Virginia corporation

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

KANAWHA RIVER TERMINALS, LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President

MARIGOLD DOCK, INC., 
a Delaware corporation

By:      /s/Allison S. Lausas
Name:  Allison S. Lausas
Title:    Vice President, Controller & Treasurer

MIDDLETOWN COGENERATION COMPANY LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

MIDDLETOWN COKE COMPANY, LLC, 
a Delaware limited liability company

By:     /s/Fay West
Name:  Fay West
Title:    Senior Vice President & Chief Financial Officer

RAVEN ENERGY LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President

SUN COAL & COKE LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

SUNCOKE ENERGY PARNTERS FINANCE CORP., 
a Delaware corporation

By:      /s/Fay West
Name:  Fay West
Title:    President

SUNCOKE ENERGY SOUTH SHORE LLC, 
a Delaware limited liability company

By: Sun Coal & Coke LLC, its manager

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

SUNCOKE LAKE TERMINAL LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President

SUNCOKE LOGISTICS LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President

SUNCOKE TECHNOLOGY AND DEVELOPMENT LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

SUNCOKE DOMESTIC FINANCE CORP., 
a Delaware corporation

By:      /s/Fay West
Name:  Fay West
Title:    President

SUNCOKE ENERGY PARNTERS GP LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President and Chief Financial Officer

DISMAL RIVER TERMINAL, LLC, 
a Delaware limited liability company

By:      /s/Fay West
Name:  Fay West
Title:    Senior Vice President

2Exhibit

SUNCOKE ENERGY, INC.

Proposed Resolutions of the
Compensation Committee of the SunCoke Board of Directors for a Meeting to be held on December 7, 2016

Approval  of Amendment  to Savings Restoration Plan

WHEREAS, SunCoke Energy, Inc., a Delaware corporation (the “Company”),   maintains
the Savings Restoration Plan (the “Plan"); and

WHEREAS, the Compensation Committee (the "Committee”) now deems it advisable and in the best interests of the Company to amend the Plan to reinstate employer contributions under the Plan, effective January 1, 2017 and to authorize certain additional employer contributions.

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended so that effective January 1, 2017, Matching Employer Contributions and Safe Harbor Employer Contributions will be credited under the Plan;

FURTHER RESOLVED, that the Committee hereby approves the Fourth Amendment to the Plan as set forth in substantially the form attached hereto as Exhibit A;

FURTHER RESOLVED, that the Committee hereby approves the crediting of Additional Employer Contributions to the Plan accounts of Participants who do not have Matching Contributions credited to their Plan account with respect to any Bonus earned for 2016, in an amount equal to 5% of such Participant's Bonus for 2016; and

FURTHER RESOLVED, that the appropriate officers (each such officer being an “Authorized Officer") of the Company, each with full power to act alone, be, and hereby are, authorized, empowered and directed, on behalf of the Company and in its name, to do all acts and things whatsoever as may be necessary or appropriate to effect, or as such Authorized Officer may deem necessary or desirable, in order to effectuate or carry out the purposes and intent of the foregoing resolutions, including executing and filing all requisite papers, documents and instruments; and that any and all actions heretofore taken by such Authorized Officer in order to effectuate or carry out the purposes and intent of the foregoing resolutions are hereby ratified, adopted and approved.

EXHIBIT A

FOURTH AMENDMENT TO THE SUNCOKE ENERGY, INC. SAVINGS RESTORATION PLAN

WHEREAS, SunCoke Energy, Inc. (the “Company”) maintains the SunCoke Energy, Inc.
Savings Restoration Plan (the “Plan"); and

WHEREAS, the Company now deems it advisable and in the best interests of the Company to amend the Plan to reinstate the crediting of Matching Employer Contributions and Safe Harbor Employer Contributions under the Plan, effective as of January 1, 2017.

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended, effective as
of January 1, 2017, as follows:

1.    Section 1B of Article IV of the Plan is amended to read as follows:

B. Method of Making Participant Contributions. For  any calendar year for which a participant has made an irrevocable election in accordance with subsection A above, Participant Contributions, as determined above, will be withheld from Eligible Compensation payable to the participant for each pay period with respect to services performed in such pay period and credited to a book account maintained for the participant by or on behalf of the participating employer as of the date such amounts would otherwise have been paid to the participant.

		
	2.
	Section 2A of Article IV of the Plan is amended to read as follows:

A.    Matching Employer Contributions. A participant’s participating employer shall maintain, or cause to be maintained, a book account for such participant who has met the eligibility requirement of the SunCoke Plan to which the participating employer shall credit an amount equal to 100% of the first 5% of Eligible Compensation that the participant contributes to the Plan as Participant Contributions during a calendar year (“Matching Employer Contributions”). Matching Employer Contributions shall be credited to participants' book accounts for each payroll period for which the related Participant Contributions are credited to participants’ book accounts.

3.    Section 2B of Article IV of the Plan is amended to read as follows:

B.    Safe Harbor Employer Contributions. A participant's participating employer shall maintain, or cause to be maintained, a book account for such participant who has met the eligibility requirement of the SunCoke Plan to which the participating employer shall credit an amount equal to 3% of the participant's Eligible Compensation for the calendar year with respect to which the participant makes Participant Contributions to the Plan for such calendar year (“Safe Harbor Employer  Contributions”). Safe Harbor Employer Contributions shall be credited to participants' book accounts each payroll period for which the related Participant Contributions are credited to participants’ book accounts.

EXHIBIT A

IN WITNESS WHEREOF, this Fourth Amendment to the Plan is executed by the Company this 7th day of December, 2016 effective as of January 1, 2017.

SUNCOKE ENERGY, INC.

CH2\18981939.2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00304-of-00352.parquet"}]]