Document:

Form of Amended and Restated Operating Agreement

 Exhibit 10.1 
 AMENDED AND RESTATED OPERATING AGREEMENT 
 OF 

UNWIRED PLANET, LLC 
 This Amended and Restated Operating Agreement (this “Agreement”) of Unwired Planet, LLC, a Nevada limited liability company (the “Company”), is adopted and entered into
as of [—], 2013 (the “Effective Date”), by and between Unwired Planet IP Holdings, Inc., a Delaware corporation (“UP Sub 1”), and Unwired Planet IP
Manager, LLC, a Delaware limited liability company (“UP Sub 2” and together with UP Sub 1, the “Members”), pursuant to and in accordance with Nevada Revised Statutes (“NRS”)
Chapter 86, as amended from time to time (the “Act”), and amends and restates in its entirety the Operating Agreement dated September 13, 2012 (as heretofore amended to date, the “Prior Agreement”) by and
between UP Sub 1 and Unwired Planet, Inc. (“UP”). 
 WHEREAS, the Company has heretofore been formed
as a limited liability company under the Act pursuant to its Articles of Organization, originally filed in the office of the Nevada Secretary of State on September 13, 2012 (as amended to date, and as further amended and/or restated from time
to time, the “Articles of Organization”), and has heretofore been operated pursuant to the Prior Agreement; 

WHEREAS, the Company, UP Sub 1, UP Sub 2, and Cluster LLC, a Delaware limited liability company
(“E Sub”), are parties to that certain Master Sale Agreement, dated as of [—], 2013 (as amended from time to time, the “Master Sale Agreement”), by and among
the Company, UP Sub 1, UP Sub 2, UP, E Sub and TELEFONAKTIEBOLAGET L M ERICSSON (PUBL), a company duly established under the laws of Sweden; 
 WHEREAS, on or before the Effective Date, UP has transferred all of its Interests in the Company to UP Sub 2 and the Members desire to amend and restate the Prior Agreement and provide that the
Company be operated for purposes of carrying out the transactions contemplated by the Master Sale Agreement and the other Ancillary Agreements (as such term is defined in the Master Sale Agreement) contemplated therein; 

NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Members hereby amend and restate the Prior Agreement and agree as follows: 
 1. Definitions. The following terms shall have the following meanings in this Agreement: 
 (a) “Ancillary Agreements” has the meaning assigned to such term in the Master Sale Agreement. 
 (b) “Capital Contribution” means the total amount of cash and the agreed fair market value of any property, services or other contribution in any form permitted under the Act, contributed
at any time to the capital of the Company by a Member. 

 (c) “Code” means the Internal Revenue Code of 1986, as
amended, or the corresponding provisions of any successor statute. 
 (d) “Existing
Encumbrances” means, in relation to the Patents owned or controlled by the Company, all existing encumbrances with respect to such Patents as set forth in the assignment, transfer, contribution, assumption or other agreement pursuant to
which such Patents are assigned, transferred or otherwise conveyed to the Company. 
 (e) “GAAP”
means the United States generally accepted accounting principles as in effect from time to time. 
 (f)
“Governmental Authority” means the domestic or foreign government of any nation, state, province, territory, municipality, locality or other political subdivision thereof, any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. 

(g) “Indebtedness” means, with respect to any Person, (a) all obligations of such Person for
borrowed money, (b) all obligations of such Person evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable, (c) any liabilities of such Person with respect to
interest rate or currency swaps, collars, caps and similar hedging obligations; (d) any liabilities of such Person for the deferred purchase price of property or other assets (including any “earn-out” or similar payments);
(e) any liabilities of such Person in respect of any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which liabilities are required to be classified and accounted for under GAAP as
capital leases; (f) any liabilities of such Person under any performance bond or letter of credit or any bank overdrafts and similar charges; (g) any indebtedness referred to in the foregoing clauses (a) through (f) of any Person
that is either guaranteed (including under any “keep well” or similar arrangement) by, or secured (including under any letter of credit, banker’s acceptance or similar credit transaction) by any lien upon any property or asset owned
by, such Person, and (h) any accrued interest, premiums, penalties and other obligations relating to any of the foregoing indebtedness in clauses (a) through (g). 

(h) “Insolvency Proceeding” means (a) the commencement of any involuntary proceeding or the filing
of any involuntary petition in a court of competent jurisdiction seeking (i) relief in respect of any UP Group Member, or of a substantial part of the property or assets of any UP Group 

  
 2 

 
Member, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law,
(ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any UP Group Member or for a substantial part of the property or assets of any UP Group Member or (iii) the winding-up or liquidation
of any UP Group Member (other than as permitted hereunder and under the Master Sale Agreement and the Ancillary Agreements); and such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of
the foregoing shall be entered; or (b) a UP Group Member taking any of the following actions: (i) voluntarily commencing any proceeding or filing any petition seeking relief under Title 11 of the United States Code, as now constituted or
hereafter amended, or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, (ii) consenting to the institution of, or failing to contest in a timely and appropriate manner, any proceeding or the filing of any
petition described in clause (a) above, (iii) applying for or consenting to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any UP Group Member or for a substantial part of the property
or assets of any UP Group Member, (iv) filing an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) making a general assignment for the benefit of creditors or (vi) becoming unable or
admitting in writing its inability or failing generally to pay its debts as they become due. 
 (i)
“Intellectual Property” means any and all rights in or arising out of (a) any Patents and all inventions, patents applications, patents, documents and filings claiming priority to or serving as a basis for priority thereof,
(b) all inventions (whether or not patentable), invention disclosures, improvements, trade secrets, proprietary information, know how, software, technology, business methods, technical data, tangible or intangible proprietary information, and
all documentation relating to any of the foregoing, (c) all copyrights, copyrights registrations and applications therefor, and all other rights corresponding thereto throughout the world, (d) all industrial designs and any registrations
and applications therefor throughout the world, (e) all trade names, logos, common law trademarks and service marks, trademark and service mark registrations and applications therefor throughout the world and all goodwill associated therewith,
(f) all databases and data collections and all rights therein throughout the world, (g) all moral and economic rights of authors and inventors, however denominated, throughout the world, (h) all Internet addresses, sites and domain
names and numbers, and (i) any similar or equivalent rights to any of the foregoing anywhere in the world. 

(j) “Interest” means the entire member’s interest (as defined in the Act) of a Member in the Company
at any time, including the right of such Member to any and all benefits and to the capital and profits of the Company, to which such Member may be entitled as provided under the Act and this Agreement, expressed as a Percentage Interest. 

  
 3 

 (k) “Manager” means UP Sub 2. So long as there is
a single Manager of the Company, any reference to “Managers” in this Agreement (or any plural pronouns referring to the Managers) shall be understood to refer to the sole Manager. 

(l) “Member” means each Person who executes a counterpart of this Agreement as a member (as defined in
the Act) of the Company, or who is later admitted to the Company as a member (as a new member or a successor, assignee or transferee of a member) in accordance with the Act and this Agreement and as permitted by the Master Sale Agreement and the UP
Subs Guarantee and Pledge Agreement. Each Member’s name, address, Units and Percentage Interest as of the Effective Date are as set forth on Schedule 2 attached hereto. 

(m) “Patents” means all national (of any country of origin) and multinational patents, patent
applications and provisional patent applications (including utility, models and design patents and patent applications and certificates of invention), and all reissues, divisions, continuations, continuations-in-part, continuing patent applications,
extensions and reexaminations thereof, and all rights therein provided by multinational treaties or conventions. 

(n) “Percentage Interest” means, with respect to a specified Member, the Interest of such Member,
expressed as a percentage, set forth on Schedule 2 attached hereto. Any adjustment to the Percentage Interest of a Member shall be reflected in an amendment to Schedule 2 attached hereto. 

(o) “Person” means any individual, firm, corporation, partnership, trust, incorporated or unincorporated
association, joint venture, joint stock company, limited liability company, Governmental Authority or other entity of any kind, and shall include any successor (by merger or otherwise) of such entity. 

(p) “Records Office” means an office of the Company in the State of Nevada, which may but need not be a
place of its business, at which it shall keep all records identified in NRS 86.241, except that none of the lists required to be maintained pursuant to NRS 86.241 need be maintained in alphabetical order, nor shall the Company be required to
maintain at its Records Office copies of powers of attorney except those relating to the execution of the Articles and this Agreement. 
 (q) “Subsidiary” means, with respect to any specified Person, any entity of which the specified Person (either alone or through or together with any other subsidiary of such specified
Person) directly or indirectly (a) 

  
 4 

 
owns, more than 50% of the voting stock or other interests the holders of which are generally entitled to vote for the election of the board of directors or other applicable governing body of
such entity or (b) controls the management. 
 (r) “UP Group Member” means each of
UP Sub 1, UP Sub 2, the Company or any of their direct or indirect Subsidiaries. 
 (s)
“UP Subs Guaranty and Pledge Agreement” means that Guarantee and Pledge Agreement, dated as of the Effective Date, by UP Sub 1 and UP Sub 2 in favor of E Sub. 

All references herein to articles, sections, exhibits and schedules shall be deemed to be references to articles and sections of, and
exhibits and schedules to, this Agreement unless the context shall otherwise require. All exhibits and schedules attached hereto shall be deemed incorporated herein as set forth in full herein. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this
Agreement as a whole and not to any particular provision of this Agreement. References to a Person are also to his, her or its successors and permitted assigns. Unless otherwise expressly provided herein, any agreement, instrument or statute defined
or referred to herein or in any agreement or instrument defined or referred to herein means such agreement, instrument or statute as from time to time amended, modified or supplemented, including (in any case of agreements or instruments) by waiver
or consent and (in the case of statutes) by succession of comparable successor statutes, and references to all attachments thereto and instruments incorporated therein. 
 2. Name. The name of the Company is Unwired Planet, LLC. The Company’s business may be conducted under such other name or names as may be selected by the Manager from time to time. 

3. Purpose. The Company shall operate its business for the purposes and consistent with the strategies set forth in
Exhibit A. None of the Company, any Member or the Manager shall cause or permit the Company to conduct business or engage in activities other than as set forth in Exhibit A. Each Member and the Manager shall cause the Company
to conduct its business for the purposes and consistent with the strategies set forth in Exhibit A and to engage in the activities set forth in Exhibit A. 

4. Records Office, Registered Office and Registered Agent. The Company shall continuously maintain in the State of Nevada a
Records Office. As of the Effective Date, the Records Office is the street address of the Company’s registered agent. The Records Office may be changed to another location within the State of Nevada as the Manager may from time to time
determine. The registered agent of the Company for service of process shall be as set forth in the Articles of Organization or as changed by the Manager from time to time. The Company shall have as its registered office in the State of Nevada, the
street address of its registered agent. 

  
 5 

 5. Principal Place of Business. The principal place of business of the Company is at
170 South Virginia, Suite 201, Reno, Nevada 89501 or at such other or additional place or places as the Manager shall determine from time to time. 
 6. Management. 
 (a) Except as otherwise expressly provided in this
Agreement and subject to the terms of Section 12 and the Master Sale Agreement, the Company shall be managed by the Manager. Except as otherwise provided in Section 12 and the Master Sale Agreement, any action to be taken in the name and
on behalf of the Company shall require the prior approval of the Manager and the actions of the Manager shall bind the Company. Subject to Section 12 and the Master Sale Agreement, the Manager may take any and all actions (including, without
limitation, executing, delivering and performing on behalf of the Company any and all contracts, agreements, certificates, undertakings or other documents or instruments) and do any and all things necessary, desirable, convenient or incidental to
carry on the business and purposes of the Company. The Manager may execute any contract, agreement, certificate, undertaking or other document or instrument as a “Manager” or an “Authorized Person”. The Manager may delegate any
responsibility or authority to any officer, employee or agent of the Company; provided, that the right, authority and power of the Company to commence or institute (or acquiesce in the commencement or institution by another Person of) an
Insolvency Proceeding is hereby delegated to E Sub pursuant to NRS 86.286(4)(a). 
 (b) The Manager may from time to
time, in its discretion, appoint any individual as an officer of the Company, holding such titles and having such duties as determined by the Manager. Except as otherwise provided in this Agreement and subject to Section 12 and the Master Sale
Agreement, the action of any officer (including, without limitation, the execution and delivery by any officer, on behalf of the Company, of any and all contracts, agreements, certificates, undertakings or other documents or instruments) pursuant to
authority granted by the Manager shall bind the Company. The initial officers of the Company are set forth on Schedule 1. 
 (c) Any Person dealing with the Company may rely upon a certificate signed by the Manager or any duly authorized officer of the Company as to: (i) the identity of the Manager or any such officer of
the Company; and (ii) the Person or Persons who are authorized to execute and deliver any contract, agreement, certificate, undertaking or other document or instrument on behalf of the Company. 

(d) Meetings (if any) of the Manager and/or the Members relating to the management of the Company shall be held on such dates and in such
places as the Manager shall determine in its sole discretion. There shall be no requirement that any formal meeting of the Manager and/or the Members be held. 
 7. Capital Contributions. The Members shall make additional Capital Contributions to the Company, in such amounts and at such times (i) as set forth in the commitment letter, dated as of the
date hereof, delivered by the Members to the Company and (ii) as determined by the Manager, and any such contribution shall be recorded in the 

  
 6 

 
books and records of the Company. The Capital Contributions of each Member as of the Effective Date is as set forth in the books and records of the Company. The books and records of the Company
shall be amended from time to time by the Manager to reflect any additional Capital Contributions made by a Member after the Effective Date. 
 8. Units. Interests of Members in the net income and losses of the Company and the right of Members to distributions and allocations and a return of Capital Contributions and other amounts
specified herein shall be evidenced by Units of Interest in the Company (“Units”). Units may be issued in one or more classes, each class of Units having different rights and privileges. There shall initially be one (1) class
of Units. 
 9. Capital Accounts. The Company shall maintain a “Capital Account” for each Member on the
books and records of the Company. A Member’s Capital Account shall have an initial balance equal to the amount of cash and the fair value of property constituting such Member’s initial contribution to the capital of the Company.

 (a) A Member’s Capital Account shall be increased by the amount of: (i) cash and the fair value of
property constituting additional contributions by such Member to the capital of the Company, (ii) any profits or other item of income or gain allocated to such Member pursuant to Section 10 below, and (iii) Company liabilities,
if any, assumed by such Member or secured, as a whole or in part, by any Company assets that are distributed to such Member. 
 (b) A Member’s Capital Account shall be decreased by the amount of: (i) cash and the fair value of any property distributed by the Company to such Member, (ii) any losses or other item of
deduction allocated to such Member pursuant to Section 10 below, and (iii) liabilities, if any, of such Member assumed by the Company. 
 10. Allocation of Profits and Losses. The Company’s profits and losses shall be allocated to the Members ratably in proportion to the Percentage Interests of the Members. 

11. Distributions. If permitted by the Master Sale Agreement and the Act (including, without limitation, NRS 86.343),
distributions shall be made to the Members at the times and in the aggregate amounts determined by the Manager ratably in proportion to the Percentage Interests of the Members. 

12. Certain Actions. Notwithstanding anything to the contrary set forth herein, each of the Company, the Manager and each Member
agrees that none of the Company, the Manager or any Member may take any of the following actions without the prior written approval of E Sub: 
 (a) merge, consolidate, liquidate, dissolve, convert into another entity, transfer or continue as an entity in another jurisdiction or wind up the Company; 

  
 7 

 (b) (i) file, or consent to the filing of, any Insolvency Proceeding,
(ii) seek, or consent to the seeking of any relief under any bankruptcy, insolvency or similar laws, (iii) seek, or consent to, the appointment of a receiver, liquidator, trustee, custodian or similar official for the Company or any
substantial part of its property, (iv) make any assignment for the benefit of creditors, or (v) admit in writing the Company’s inability to pay its debts generally as they come due; 

(c) incur any Indebtedness to any Person; 

(d) issue any Units or other member’s interests to any Person other than UP Sub 1 and UP Sub 2 or
admit any Person as a member of the Company other than UP Sub 1 and UP Sub 2; 
 (e) amend
Sections 1, 3, 6(a), 12, 14 or 15 or Exhibit A of this Agreement or include any provision in this Agreement having the effect of modifying or amending any of such provisions; or 

(f) agree to do any of the foregoing. 
 13. Tax Matters. It is the intention of the Company to be treated as a partnership for all U.S. federal and all relevant state and local tax purposes and shall make, or has made, all available
elections to be so treated. All provisions of the Articles of Organization and this Agreement are to be construed so as to preserve that tax status under those circumstances. The Manager shall be responsible for preparing and filing the
Company’s federal, state and local income tax returns. The Manager shall act as the Company’s “tax matters partner” within the meaning of Section 6231(a) of the Code. The fiscal year of the Company shall be the twelve-month
period ending on June 30, unless otherwise required by the Code. 
 14. Limitation on Transfer; Liability of Members and
Others and Indemnity; Additional Members. 
 (a) Limitation on Transfer. No Member shall, directly or
indirectly, sell, give, assign, hypothecate, pledge, encumber, grant a security interest in or otherwise dispose of (whether by operation of law or otherwise) (each a “transfer”) any Interest or any right, title or interest therein
or thereto, unless permitted by the Master Agreement and the UP Subs Guaranty and Pledge Agreement and with the prior written consent of the Manager. Any attempt to transfer any Interest or any rights thereunder in violation of the preceding
sentence shall be deemed invalid and shall have no effect ab initio. 
 (b) Liability of Members and
Others; Indemnity. 
 (i) No Member shall have any liability for the obligations or liabilities of the
Company except to the extent provided in the Act. 

  
 8 

 (ii) No Member, Manager, officer, employee or agent of the Company or any
affiliate thereof or any Person exercising any rights under this Agreement, including without limitation, E Sub or any affiliate of E Sub (each a “Covered Person”) shall be liable to the Company or to any other Person who
is bound by this Agreement for any loss, damage or claim incurred by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the
authority conferred on such Covered Person by this Agreement, except that a Covered Person shall be liable for any such loss, damage or claim incurred by reason of such Covered Person’s willful misconduct. To the fullest extent permitted by
applicable law, a Covered Person shall be entitled to indemnification from the Company for any loss, damage or claim incurred by such Covered Person by reason of any act or omission performed or omitted by such Covered Person in good faith on behalf
of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Covered Person by this Agreement, except that no Covered Person shall be entitled to be indemnified in respect of any loss, damage or claim
incurred by such Covered Person by reason of willful misconduct of such Covered Person with respect to such acts or omissions. 
 (iii) To the fullest extent permitted by applicable law, expenses (including reasonable legal fees) incurred by a Covered Person defending any claim, demand, action, suit or proceeding shall, from time to
time, be advanced by the Company prior to the final disposition of such claim, demand, action, suit or proceeding upon receipt by the Company of an undertaking by or on behalf of the Covered Person to repay such amount if it shall be determined that
the Covered Person is not entitled to be indemnified as authorized in this Section 14. A Covered Person shall be fully protected in relying in good faith upon the records of the Company and upon such information, opinions, reports or statements
presented to the Company by any Person as to matters the Covered Person reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company,
including information, opinions, reports or statements as to the value and amount of the assets, liabilities or any other facts pertinent to the existence and amount of assets from which distributions to the Member might properly be paid.

 (iv) The provisions of this Agreement, to the extent that they restrict or eliminate the duties and
liabilities of a Covered Person to the Members otherwise existing at law or in equity, are agreed by the Members to replace such other duties and liabilities of such Covered Person. The foregoing provisions of this Section 14 shall survive any
termination of this Agreement. 

  
 9 

 (c) Additional Members. No additional members may be admitted to the
Company unless permitted by the Master Sale Agreement and this Agreement and then only with the prior written consent of the Manager and the Members of the Company holding a majority of the then outstanding Units. 

15. Miscellaneous. 
 (a) Amendments. Subject to Section 12, amendments to this Agreement may be made only with the written consent of the Manager. 

(b) Benefits of Agreement. E Sub is not a member of the Company nor a party to this Agreement but is a
signatory to the Agreement solely as a third party beneficiary and in accordance with NRS 86.286(4)(a). E Sub shall be entitled to the benefits of Sections 1, 3, 6(a), 12, 14, 15, and Exhibit A only. Except as otherwise
provided in this Section 15(b ), to the fullest extent permitted by applicable law, none of the provisions of this Agreement shall be for the benefit of or enforceable by any Person (including any creditor of the Company, any creditor of a
Member, or any creditor of any officer of the Company), other than a Member, the Manager or any Covered Person. 

(c) Severability; Entire Agreement. In the event that any provision of this Agreement shall be declared to be
invalid, illegal or unenforceable, such provision shall survive to the extent it is not so declared, and the validity, legality and enforceability of the other provisions hereof shall not in any way be affected or impaired thereby, unless such
action would substantially impair the benefits to any party of the remaining provisions of this Agreement. This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof and supersedes all prior
written or oral agreements, and all contemporaneous oral agreements, in respect thereof, and shall not be amended, modified, or supplemented, nor any provision hereof waived, except in accordance with the terms of this Agreement. 

(d) Governing Law. This Agreement shall be governed by, and construed in accordance with the laws of the State of
Nevada, all rights and remedies being governed by said laws, regardless of the laws that might otherwise govern under applicable principles of conflicts of laws. 

(e) Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original, and
all of which when taken together shall constitute one agreement. 
 (f) Fiduciary Duties. In accordance
with NRS 86.286(5) and 86.286(7), to the extent that at law or in equity, the Members or the Manager or other Persons (including, for the avoidance of doubt, E Sub) 

  
 10 

 
have or owe fiduciary duties to the Company or to another Person that is a party to or otherwise bound by this Agreement, the fiduciary duties of each Member, Manager or other Person (including,
for the avoidance of doubt, E Sub) are hereby eliminated. 
 (g) Dissolution. Subject to Section 12,
the Company shall dissolve, and its affairs shall be wound up upon the first to occur of the following: (a) the written consent of all the Members or (b) pursuant to NRS 86.491(1)(d), upon the entry of a decree of judicial dissolution
pursuant to NRS 86.495. 
 [Remainder of Page Intentionally Left Blank] 

  
 11 

 IN WITNESS WHEREOF, the undersigned have executed this Amended and Restated Operating
Agreement of Unwired Planet, LLC, as of the Effective Date. 
  

			
	MEMBERS:
	
	UNWIRED PLANET IP MANAGER, LLC
		
	 By:    
	 	  

		 	Name:
		 	Title:
	
	UNWIRED PLANET IP HOLDINGS, INC.
		
	 By:
	 	  

		 	Name:
		 	Title:
	
	MANAGER:
	
	UNWIRED PLANET IP MANAGER, LLC
		
	 By:
	 	  

		 	Name:
		 	Title:

 [Signature Page to Operating Agreement] 

 
			
	Solely for purpose of Sections 1, 3, 6(a), 12, 14 or 15:
	
	CLUSTER LLC
		
	By:    	 	  

		 	Name:
		 	Title:

 [Signature Page to Operating Agreement]EX-10.2

 Exhibit 10.2 
 RESTATED EMPLOYMENT AGREEMENT 
 This AGREEMENT (the
“Agreement”) is entered into as of January 7, 2013 (the “Restatement Date”) by and between Peabody Energy Corporation, a Delaware corporation (the “Company”), and Charles Meintjes
(“Executive”). This Agreement is a continuation, in the form of a complete restatement to incorporate updated provisions, of the most recent restated employment agreement between the Company and Executive dated April 1, 2011
(the “Prior Agreement”). 
 RECITALS  

To induce Executive to serve as the Company’s President Australia effective as of the Restatement Date, the Company desires to amend
and restate the Prior Agreement provide Executive with compensation and other benefits on the terms and subject to the conditions set forth in this Agreement. 
 Executive is willing to accept such continued employment and perform continued services for the Company, on the terms and subject to the conditions hereinafter set forth. 

It is therefore hereby agreed by and between the parties as follows: 

1. Employment. 
 1.1 Subject to the terms and conditions of this Agreement, the Company agrees to employ Executive during the term hereof as President Australia. In such capacity, Executive shall have the powers,
responsibilities and authority as are assigned by the Company to this position. 
 1.2 Subject to the terms and conditions of
this Agreement, Executive hereby accepts continued employment as President Australia commencing as of the Restatement Date and agrees, subject to any period of vacation or other approved leave, to devote his or her full business time and efforts to
the performance of services, duties and responsibilities in connection therewith, subject at all times to the terms and conditions of this Agreement. 
 1.3 Subject to Executive’s compliance with all of the provisions of the Company’s code of conduct and other policies, nothing in this Agreement shall preclude Executive from engaging in
charitable work and community affairs, from delivering lectures, fulfilling speaking engagements or teaching at educational institutions, from managing any investment made by him or her or his or her immediate family with respect to which Executive
is not substantially involved with the management or operation of the entity in which Executive has invested (provided that no such investment in publicly traded equity securities may exceed five percent (5%) of the equity of any entity without
the prior written approval of the Chairman and Chief Executive Officer (“Chairman and CEO”)) or from serving, subject to the prior written approval of the Chairman and CEO, as a member of boards of directors or as a trustee of any
other corporation, association or entity, to the extent that any of the above activities do not materially interfere with the performance of his or her duties hereunder. For purposes of the preceding sentence, any approval by the Chairman and CEO
required therein shall not be unreasonably withheld. 

 2. Term of Employment. Executive’s term of employment under this Agreement
shall commence on the Restatement Date and continue for three (3) years, subject to earlier termination as provided in the Agreement (the “Term of Employment”). The Agreement automatically will renew for a one (1)-year period
at the end of the initial Term of Employment and, if applicable, any renewal period, unless either the Company or Executive notifies the other party of the intention not to renew the Agreement in writing at least ninety (90) days before the end
of the applicable period. 
 3. Compensation. 

3.1 Salary. During the Term of Employment, the Company shall pay Executive a base salary (“Base Salary”) at the
initial rate of $550,000. Such Base Salary shall be payable in accordance with the ordinary payroll practices of the Company. During the Term of Employment, the Compensation Committee of the Company’s Board of Directors (the
“Compensation Committee”) and/or the Chairman and CEO shall review Executive’s Base Salary in good faith, at least annually, in accordance with the Company’s customary procedures and practices regarding the salaries of
senior executives, and may adjust Executive’s Base Salary following such review. “Base Salary” for all purposes herein shall be deemed to be a reference to the Base Salary in effect as of any date that requires the
determination of Executive’s Base Salary hereunder. 
 3.2 Annual Bonus. 

(a) In addition to Base Salary, Executive shall, commencing in 2012 and continuing for each calendar year thereafter
during the Term of Employment, be eligible to receive an annual cash bonus (the “Bonus”) in accordance with a program developed by the Compensation Committee and/or the Chairman and CEO, based on achievement of performance targets
established by the Compensation Committee and/or the Chairman and CEO as soon as practicable at or after the beginning of the calendar year to which the performance targets relate. The performance targets for the 2012 Bonus shall be determined
before or as soon as practicable after the Restatement Date. Executive’s Bonus opportunity for the 2012 is 80% of his or her Base Salary. The Compensation Committee and/or the Chairman and CEO shall review Executive’s Bonus opportunity in
good faith from time to time in accordance with the Company’s customary procedures and practices regarding the bonus opportunities of senior executives, and may adjust Executive’s Bonus opportunity following such review.
“Bonus” for all purposes herein, except as otherwise specifically stated, shall be deemed to be a reference to the Bonus opportunity in effect as of any date that requires the determination of Executive’s Bonus hereunder.

 (b) A Bonus award for any calendar year shall be payable to Executive at the time bonuses are paid to
executive officers for such calendar year in accordance with the Company’s policies and practices, but in no event later than March 15 of the calendar year following the later of (i) the calendar year in which the Bonus is earned or
(ii) the calendar year in which the Bonus is no longer subject to a substantial risk of forfeiture within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury
regulations and other guidance in effect thereunder (collectively, “Section 409A”).  

  
 2 

 3.3 Equity-Based Compensation. Executive shall be eligible to receive, from time to
time during the Term of Employment, equity-based compensation awards under the Company’s equity incentive plan(s) (the “Long-Term Incentive Awards”). Any such Long-Term Incentive Awards shall be governed by separate written
grant agreements. Executive’s Long-Term Incentive Award is targeted at 200% of Executive’s Base Salary, but actual awards may range from 0% of Executive’s Base Salary to 350% of Executive’s Base Salary. The Compensation Committee
and/or the Chairman and CEO shall review the grant date value of Executive’s Long-Term Incentive Awards in good faith from time to time in accordance with the Company’s customary procedures and practices regarding the long-term incentive
awards of senior executives, and may adjust the grant date value of future Long-Term Incentive Awards to Executive following such review. “Long-Term Incentive Award” for all purposes herein, except as otherwise specifically stated,
shall be deemed to be a reference to the grant date Long-Term Incentive Award value in effect as of any date that requires the determination of Executive’s Long-Term Incentive Award value hereunder or under any grant agreement. 

4. Employee Benefits. 
 4.1 Employee Benefit Programs, Plans and Practices; Perquisites. The Company shall provide Executive with employee benefits and perquisites at a level (a) commensurate with his or her position
in the Company and (b) at least as favorable to Executive as the arrangements the Company provides to its other senior executives that are in effect and open to new participants on the Restatement Date, including retirement benefits, health and
welfare benefits, the Continuation Benefits (as defined in Section 6.2(b)(ii)(B)(II)), directors and officers insurance and/or an indemnification agreement that covers claims arising out of actions or inactions occurring during the Term of
Employment, and other employee benefits and perquisites which the Company may make available to its senior executives from time to time in its discretion on and after the Restatement Date. Executive’s rights, if any, under any employee benefit
plans or programs of the Company as of the Restatement Date shall continue in accordance with plan or program terms as in effect at any given time. 
 4.2 Vacation. Executive shall be entitled to the number of business days paid vacation in each calendar year as determined in accordance with the Company’s applicable vacation policies, which
shall be taken at such times as are consistent with Executive’s responsibilities hereunder. 
 5. Expenses.
Subject to prevailing Company policy or guidelines, the Company will reimburse Executive for all reasonable expenses incurred by Executive in carrying out his or her duties on behalf of the Company, provided that payment or reimbursement of expenses
shall be made promptly and in no event later than December 31 of the year following the year in which such expenses were incurred, the amount of such expenses eligible for payment or reimbursement in any year shall not affect the amount of such
expenses eligible for payment or reimbursement in any other year and no such right to payment or reimbursement shall be subject to liquidation or exchange for another benefit. 

  
 3 

 6. Termination of Employment. 

6.1 Termination of Employment for Any Reason. Except as otherwise specifically provided in this Agreement, the Company or Executive
may terminate Executive’s Term of Employment at any time for any reason by written notice to the other party at least thirty (30) days in advance of the date of termination of Executive’s employment. In the event of a termination of
Executive’s employment for any reason during the Term of Employment, the Company shall pay to Executive: 

(a) within five (5) business days following the date of termination of Executive’s employment, a lump sum that
includes: (i) Executive’s Base Salary earned on or prior to the date of such termination but not yet paid to Executive in accordance with the Company’s customary procedures and practices for the payment of executive salaries;
(ii) any business expenses incurred by Executive and properly submitted for reimbursement, but not yet reimbursed by the Company under Section 5 above as of the date of such termination; and (iii) any vacation time accrued but unused
as of the date of such termination; 
 (b) any benefits accrued and vested under any of the Company’s
employee benefit programs, plans and practices on or prior to the date of termination of Executive’s employment; and 
 (c) if Executive’s employment terminates due to retirement (as defined in the applicable plan) a prorated bonus for the calendar year of termination of Executive’s employment, calculated as the
Bonus Executive would have received in such year based on actual performance multiplied by a fraction, the numerator of which is the number of business days during the calendar year of termination that Executive was employed and the denominator of
which is the total number of business days during the calendar year of termination. Such bonus shall be payable when annual Bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the calendar year
following the later of (i) the calendar year in which the Bonus is earned or (ii) the calendar year in which the bonus is no longer subject to a substantial risk of forfeiture within the meaning of Section 409A. 

The amounts described in (a) and (b) above are collectively referred to herein as the “Accrued Obligations” and shall be
paid in accordance with the terms of such Company programs, plans and practices. The Accrued Obligations shall be paid in addition to any amounts payable under any other provision of this Section 6 due to the termination of Executive’s
employment. Any business expenses incurred by Executive before his or her employment termination date and properly submitted for reimbursement before or within ninety (90) days after the employment termination date shall be processed and paid
in accordance with Section 5. 

  
 4 

 6.2 Termination by the Company without Cause or Termination by Executive for Good
Reason. 
 (a) Notice Requirements. 

(i) General. Except as otherwise provided in paragraph (ii) below with respect to a Good Reason termination,
the Company or Executive may terminate Executive’s Term of Employment at any time for any reason by written notice to the other party at least thirty (30) days in advance of the date of termination of Executive’s employment.

 (ii) Good Reason Notice Requirements and Cure Period. If Executive terminates his or her employment
during the Term of Employment for Good Reason (as defined in Section 6.2(d) hereof), Executive shall provide written notice to the Company at least forty-five (45) days in advance of the date of termination, such notice shall describe the
conduct Executive believes to constitute Good Reason and the Company shall have the opportunity to cure the Good Reason within thirty (30) days after receiving such notice. If the Company cures the conduct that is the basis for the potential
termination for Good Reason within such thirty (30)-day period, Executive’s notice of termination shall be deemed withdrawn. If Executive does not give notice to the Company as described in this Section 6.2(a)(ii) within ninety
(90) days after an event giving rise to Good Reason, Executive’s right to claim Good Reason termination on the basis of such event shall be deemed waived. 
 (b) Severance Benefits. 
 (i) Severance Payment.
If Executive’s employment is terminated during the Term of Employment (for the avoidance of doubt, the term “terminated” does not include non-renewal of this Agreement): 

(A) by the Company for a reason other than Cause (as defined in Section 6.3(b) hereof), Disability (as defined in
Section 6.4 hereof) or death, or 
 (B) by Executive for Good Reason (as defined in Section 6.2(d)
hereof), 
 and such termination constitutes a Separation from Service (as defined in Section 6.2(c) hereof), the Company,
as severance, shall pay to Executive an amount (the “Severance Payment”) equal to the total of: 
 (I) one (1) times Executive’s Base Salary; plus 
 (II)
an additional amount equal to one (1) times the annual average of the actual Bonus awards paid to Executive by the Company for the three (3) calendar years preceding the date of Executive’s employment termination (or, if Executive has
not been employed by the Company for three (3) full calendar years as of the date his or her employment is terminated for the two (2) calendar years or one (1) calendar year, as applicable, for which he or she has been so employed and
eligible to receive a Bonus); plus 

  
 5 

 (III) six percent (6%) of Executive’s Base Salary (to compensate
Executive for Company contributions he or she otherwise might have received under the Company’s retirement plan). 
 The Company shall pay to Executive (x) one-half ( 1/2) of such Severance Payment in a lump sum payment on the earlier to occur of Executive’s death or the first business
day immediately following the six (6)-month anniversary of Executive’s Separation from Service and (y) the remaining one-half ( 1/2) of the Severance Payment in six (6) substantially equal monthly payments
beginning on the first day of the month next following the initial lump sum payment. Notwithstanding the foregoing, Executive shall only be entitled to receive the Severance Payment to the extent that he or she shall execute (and, if applicable, not
revoke) a release of claims against the Company (and its officers, directors, employees, affiliates, stockholders, etc.) in a form substantially similar to that attached as Exhibit A to this Agreement (the “Release”).

 (ii) Prorated Bonus and Continuation Benefits. In addition, if Executive’s
employment is terminated: 
 (A) by the Company for a reason other than Cause (as defined in Section 6.3(b)
hereof), Disability (as defined in Section 6.4 hereof) or death, or 
 (B) by Executive for Good Reason (as
defined in Section 6.2(d) hereof), 
 and such termination constitutes a Separation from Service, the following provisions
shall apply: 
 (I) Prorated Bonus. The Company shall pay to Executive a prorated bonus (the
“Prorated Bonus”) for the calendar year of termination of Executive’s employment, calculated as the Bonus Executive would have received in such year based on actual performance multiplied by a fraction, the numerator of which
is the number of business days during the calendar year of termination that Executive was employed and the denominator of which is the total number of business days during the calendar year of termination. The Prorated Bonus shall be payable when
annual bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the calendar year following the later of (aa) the calendar year in which the Bonus is earned or

  
 6 

 
(bb) the calendar year in which the Bonus is no longer subject to a substantial risk of forfeiture within the meaning of Section 409A. 

(II) Continuation Benefits. Executive shall be entitled to continuation of group health coverage (including
medical, dental, and vision benefits, to the extent permitted under the applicable plan), and the health care flexible spending account (to the extent required to comply with COBRA continuation coverage requirements) (collectively, the
“Continuation Benefits”) in accordance with the applicable plan terms for a period of up to eighteen (18) months following the date of Executive’s Separation from Service (the “Benefit Continuation
Period”); provided, however, that Executive pays the full cost of his or her coverage under such plans, except that Executive shall pay only the required contributions for any health care continuation coverage required to be
provided to or on behalf of Executive under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), on the same basis as any other plan participant electing similar COBRA continuation coverage under the
Company health plan; and provided, further, that any such coverage shall terminate to the extent that Executive is offered or obtains comparable benefits from any other employer during the Benefit Continuation Period. Executive shall
be reimbursed by the Company, on an after-tax basis, for his or her cost of the Continuation Benefits (except that the reimbursement for his or her required contributions for COBRA health care continuation coverage shall be reduced by an amount
equal to the cost paid by an active employee for similar coverage under the Company health plan). The amount of expenses eligible for reimbursement or Continuation Benefits provided during one calendar year shall not affect the expenses eligible for
reimbursement or amount of Continuation Benefits provided during a subsequent calendar year (except with respect to health plan maximums imposed on the reimbursement of expenses referred to in Code Section 105(b)), the right to reimbursement or
Continuation Benefits may not be exchanged or substituted for other forms of compensation to Executive, and any reimbursement or payment under the Continuation Benefits arrangements will be paid in accordance with applicable plan terms and no later
than the last day of the calendar year following the calendar year in which Executive incurred the expense giving rise to such reimbursement or payment.  
 (iii) Forfeiture. Notwithstanding the foregoing, if Executive breaches any provision of Section 12 hereof, the remaining balances of the Severance Payment, the Prorated Bonus, and any
Continuation Benefits shall be forfeited. 

  
 7 

 (c) “Separation from Service.” For purposes of this
Agreement, the term “Separation from Service” means a “separation from service” as such term is defined under Section 409A. The terms “terminate,” “termination,” “termination of
employment,” and variations thereof, when used in this Agreement in connection with Executive’s employment, are intended to mean a termination of employment that constitutes a Separation from Service. For purposes of the determination of
whether Executive has had a “separation from service” as described under Section 409A, the terms “Company,” “employer” and “service recipient” mean Peabody Energy Corporation and any affiliate with which
Peabody Energy Corporation would be considered a single employer under Code Section 414(b) or (c), provided that, in applying Code Section 1563(a)(1), (2), and (3) for purposes of determining a controlled group of corporations under
Code Section 414(b), the language “at least 50 percent” is used instead of “at least 80 percent” each place it appears in Code Section 1563(a)(1), (2), and (3), and in applying Treasury
Regulation Section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Code Section 414(c), “at least 50 percent” is used instead of
“at least 80 percent” each place it appears in Treasury Regulation Section 1.414(c)-2. In addition, where the use of a definition of “Company,” “employer” or “service recipient” for purposes of
determining a “separation from service” is based upon legitimate business criteria, in applying Code Section 1563(a)(1), (2), and (3) for purposes of determining a controlled group of corporations under Code Section 414(b),
the language “at least 20 percent” is used instead of “at least 80 percent” each place it appears in Code Section 1563(a)(1), (2), and (3), and in applying Treasury Regulation Section 1.414(c)-2 for
purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Code Section 414(c), the language “at least 20 percent” is used instead of “at least
80 percent” each place it appears in Treasury Regulation Section 1.414(c)-2. 
 (d)
“Good Reason.” For purposes of this Agreement, the term “Good Reason” means: 

(i) a reduction, other than a reduction that generally affects all similarly-situated executives and does not exceed ten
percent (10%) in one year or fifteen percent (15%) in the aggregate over three (3) consecutive years, by the Company in Executive’s Base Salary from that in effect immediately prior to the reduction (in which event the Severance
Payment shall be calculated based on Executive’s Base Salary in effect immediately prior to any such reduction); 
 (ii) a reduction, other than a reduction that generally affects all similarly-situated executives, by the Company in Executive’s Bonus opportunity from those in effect immediately prior to any
such reduction (in which event any portion of the Severance Payment that relates to Bonus shall be calculated based on the Bonus in effect immediately prior to any such reduction); 

(iii) a material reduction in the aggregate program of employee benefits and perquisites to which Executive is entitled
(other than a reduction that generally affects all executives); 

  
 8 

 (iv) relocation of Executive’s primary office by more than 50 miles
from the location of Executive’s primary office as of the date of this Agreement (other than a relocation to or from Australia in connection with Executive’s assumption of the duties hereunder); 

(v) any material diminution or material adverse change in Executive’s duties or responsibilities from the time
immediately prior to the alleged diminution; 
 (vi) a breach by the Company of a material provision of this
Agreement; or 
 (vii) a failure on the part of the Company to obtain a written assumption of its obligations
under this Agreement by a successor owner of substantially all of the Company’s assets in connection with a merger, consolidation, asset sale, liquidation, combination or other similar transaction. 

Any amounts due to Executive in connection with a termination of employment shall be computed without giving effect to any changes that
give rise to Good Reason. 
 6.3 Voluntary Termination by Executive; Discharge for Cause. 

(a) In the event that Executive’s employment is terminated (i) by the Company for Cause, as hereinafter defined,
in which event no advance written notice is required, or (ii) by Executive for a reason other than Good Reason, Disability or death, the Company shall pay to Executive only the Accrued Obligations. 

(b) As used herein, the term “Cause” means: 

(i) any material and uncorrected breach by Executive of the terms of this Agreement, including, but not limited to,
engaging in action in violation of Section 12 hereof; 
 (ii) any willful fraud or dishonesty of Executive
that has a detrimental effect on (A) the reputation or business of the Company or any of its subsidiaries or affiliates or (B) Executive’s reputation or performance of his or her duties to the Company or any of its subsidiaries or
affiliates; 
 (iii) a deliberate or willful refusal or failure of Executive to comply with any major corporate
policy of the Company or the lawful instructions of Executive’s supervisor, which in either case is communicated to Executive in writing; or 
 (iv) Executive’s conviction of, or plea of nolo contendere to, any felony if such conviction results in his or her imprisonment or has a material detrimental effect on the reputation or
business of the Company or any of its subsidiaries or affiliates; 

  
 9 

 provided that with respect to clause (i) or (iii) above, Executive shall
have ten (10) days following written notice of the conduct which is the basis for the potential termination for Cause within which to cure such conduct to prevent termination for Cause by the Company. If Executive cures the conduct that is the
basis for the potential termination for Cause within such ten (10)-day period, the Company’s notice of termination shall be deemed withdrawn. Except for violations of Section 12 hereof or termination under Section 6.3(b)(iv) above,
only actions, conduct and events occurring during the Term of Employment with the Company shall be the subject of a termination for Cause. In the event that Executive is terminated for failure to meet performance goals, such termination shall be
considered a termination without Cause for purposes of his or her right to receive the Severance Payment, the Prorated Bonus and the Continuation Benefits. 
 6.4 Disability. 
 (a) In the event of the Disability (as
defined in (b) below) of Executive during the Term of Employment, the Company may terminate Executive’s Term of Employment upon written notice to Executive (or Executive’s personal representative, if applicable) effective upon the
date of receipt thereof (the “Disability Commencement Date”). The Company shall pay to Executive the Accrued Obligations as provided in Section 6.1 hereof and the Prorated Bonus when such bonuses are paid to other senior
executives of the Company, but in no event later than March 15 of the calendar year following the calendar year in which Executive’s employment terminated. 

(b) The term “Disability,” for purposes of this Agreement, generally shall mean Executive’s absence
from the full-time performance of Executive’s duties pursuant to a reasonable determination made in accordance with the Company’s long-term disability plan that Executive is disabled and entitled to long-term disability benefits as a
result of incapacity due to physical or mental illness that lasts, or is reasonably expected to last, for at least six (6) months. 
 6.5 Death. In the event of Executive’s death during the Term of Employment or at any time thereafter while payments are still owing to Executive under the terms of this Agreement, the Company
shall pay to Executive’s beneficiary(ies) (to the extent so designated by Executive) or his or her estate (to the extent that no such beneficiary has been designated) the Accrued Obligations as provided in Section 6.1 hereof and the
Prorated Bonus when such bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the calendar year following the calendar year in which Executive’s employment terminated. 

6.6 No Further Notice or Compensation or Damages. Executive understands and agrees that he or she shall not be entitled to any
further notice, compensation or damages upon termination of employment under this Agreement, other than amounts specified in Section 4, this Section 6, any ancillary documents or any plan, program or arrangement of the Company. 

6.7 Executive’s Duty to Provide Materials. Upon the termination of Executive’s employment for any reason, Executive or
his or her estate shall surrender to the Company all correspondence, letters, files, contracts, mailing lists, customer lists, advertising 

  
 10 

 
materials, ledgers, supplies, equipment, checks, and all other materials and records of any kind that are the property of the Company or any of its subsidiaries or affiliates, that may be in
Executive’s possession or under his or her control, including, without limitation, any “soft” copies or computerized or electronic versions thereof. 
 7. Notices. All notices or communications hereunder shall be in writing, addressed as follows: 
 To the Company: 
 Chief Administrative Officer 

Peabody Energy Corporation 
 701 Market Street 
 St. Louis, Missouri 63101-1826 

To Executive at the most recent address set forth in the Company’s personnel records. 

Any such notice or communication shall be delivered by hand or by courier or sent certified or registered mail, return receipt requested, postage
prepaid, addressed as above (or to such other address as such party may designate in a notice duly delivered as described above), and the third business day after the actual date of sending shall constitute the time at which notice was given.

 8. Severability. If any provision of this Agreement is declared to be invalid or unenforceable, in whole or in
part, such invalidity or unenforceability shall not affect the remaining provisions hereof, which shall remain in full force and effect. 
 9. Assignment. Neither this Agreement nor any rights or obligations hereunder shall be assignable or otherwise subject to hypothecation by Executive (except by will or by operation of the laws
of intestate succession) or by the Company, except that the Company may assign this Agreement, in writing, to any successor (whether by merger, purchase, spin-off or otherwise) to all or substantially all of the stock, assets or businesses of the
Company. This Agreement shall be binding upon, inure to the benefit of and be enforceable by the heirs and representatives of Executive and the permitted assigns and successors of the Company. 

10. Amendment. This Agreement may be amended only by written agreement of the parties hereto. 

11. Code Section 409A Compliance. 
 11.1 This Agreement is intended to comply with Section 409A and shall, to the extent practicable, be construed in accordance therewith. Accordingly, notwithstanding anything in this Agreement to the
contrary, if the Company determines that Executive is a “specified employee” (as defined in Code Section 409A(a)(2)(B)(i)) at the time of his or her Separation from Service and any amount payable to Executive under this Agreement is a
deferral of compensation subject to the additional tax described in Code Section 409A(a)(1)(B) and would be considered a payment upon Executive’s Separation from Service, then such amount shall not be paid before the date that is the
earlier of (a) six (6) months and one (1) day after Executive’s 

  
 11 

 
Separation from Service or (b) Executive’s death (the “Delay Period”). Upon the expiration of the Delay Period, the initial payment following the Delay Period shall
include a lump sum payment equal to those payments that otherwise would have been paid if the delay had not applied, and any remaining payments due shall be payable in accordance with their original payment schedule. 

11.2 If either party to this Agreement reasonably determines that any amount payable pursuant to this Agreement would result in adverse
tax consequences under Section 409A (including, but not limited to, the additional tax described in Code Section 409A(a)(1)(B)), then such party shall deliver written notice of such determination to the other party, and the parties hereby
agree to work in good faith to amend this Agreement so it (a) is exempt from, or compliant with, the requirements of Section 409A and (b) preserves as nearly as possible the original intent and economic effect of the affected
provisions. 
 12. Nondisclosure of Confidential Information; Non-Competition; Non-Solicitation. 

12.1 Executive, during the Term of Employment and thereafter, will not, directly or indirectly, use for himself or herself or use for, or
disclose to, any party other than the Company, or any subsidiary of the Company (other than in the ordinary course of Executive’s duties for the benefit of the Company or any subsidiary of the Company), any secret or confidential information
regarding the business or property of the Company or its subsidiaries or regarding any secret or confidential apparatus, process, system, or other method at any time used, developed, acquired, discovered or investigated by or for the Company or its
subsidiaries, whether or not developed, acquired, discovered or investigated by Executive. At the termination of Executive’s employment or at any other time the Company or any of its subsidiaries may request, Executive shall promptly deliver to
the Company all memoranda, notes, records, plats, sketches, plans or other documents (including, without limitation, any “soft” copies or computerized or electronic versions thereof) made by, compiled by, delivered to, or otherwise
acquired by Executive concerning the business or properties of the Company or its subsidiaries or any secret or confidential product, apparatus or process used developed, acquired or investigated by the Company or its subsidiaries. 

12.2 In consideration of the Company’s obligations under this Agreement, Executive agrees that during his or her employment with the
Company and (a) for a period of one (1) year thereafter, without the prior written consent of the Chairman and CEO, he or she shall not, directly or indirectly, as principal, manager, agent, consultant, officer, stockholder, partner,
investor, lender or employee or in any other capacity, carry on, be engaged in or have any financial interest in, any entity which is in competition with the business of the Company or its subsidiaries; provided, however, that this
clause (a) shall not apply if the Company does not renew this Agreement and terminates Executive’s employment and Executive does not receive severance benefits from the Company; and (b) for a period of two (2) years thereafter,
without the prior written consent of the Chairman and CEO, he or she shall not, on his or her own behalf or on behalf of any person, firm or company, directly or indirectly, solicit or offer employment to any person who is or has been employed by
the Company or its subsidiaries at any time during the twelve (12) months immediately preceding such solicitation. 

  
 12 

 12.3 For purposes of this Section 12, an entity shall be deemed to be in competition
with the Company if it is principally involved in the purchase, sale or other dealing in any property or the rendering of any service purchased, sold, dealt in or rendered by the Company as a part of the business of the Company within the same
geographic area in which the Company effects such sales or dealings or renders such services. Notwithstanding this Section 12.3 or Section 12.2, nothing herein shall be construed so as to preclude Executive from investing in any publicly
or privately held company, provided that Executive’s beneficial ownership of any class of securities of an entity in competition with the Company does not exceed five percent (5%) (or such higher percentage approved in writing by the
Chairman and CEO) of the outstanding securities of such class. 
 12.4 Executive agrees that the covenant not to compete and the
covenant not to solicit are reasonable under the circumstances and will not interfere with his or her ability to earn a living or otherwise to meet his or her financial obligations. Executive and the Company agree that if in the opinion of any court
of competent jurisdiction such restraint is not reasonable in any respect, such court shall have the right, power and authority to excise or modify such provision or provisions of this covenant which appear unreasonable and to enforce the remainder
of the covenant as so amended. Executive agrees that any breach of the covenants contained in this Section 12 would irreparably injure the Company. Accordingly, Executive agrees that, in the event that a court enjoins Executive from any
activity prohibited by this Section 12, the Company may, in addition to pursuing any other remedies it may have in law or in equity, cease making any payments otherwise required by this Agreement and obtain an injunction against Executive from
any court having jurisdiction over the matter restraining any further violation of this Agreement by Executive. 

13. Beneficiaries; References. Executive shall be entitled to select (and change, to the extent permitted under any
applicable law) a beneficiary or beneficiaries to receive any compensation or benefit payable hereunder following Executive’s death, and may change such election, in either case by giving the Company written notice thereof. In the event of
Executive’s death or a judicial determination of his or her incompetence, reference in this Agreement to Executive shall be deemed, where appropriate, to refer to his or her beneficiary, estate or other legal representative. Any reference to
the masculine gender in this Agreement shall include, where appropriate, the feminine. 
 14. Dispute
Resolution. Any dispute or controversy arising under or in connection with this Agreement (other than an action to enforce the covenants in Section 12 hereof) or any ancillary documents shall be resolved by arbitration in St. Louis,
Missouri. Three arbitrators shall be selected, and arbitration shall be conducted, in accordance with the rules of the American Arbitration Association. The arbitrators shall have the discretion to award the cost of arbitration, arbitrators’
fees and the respective attorneys’ fees of each party between the parties as they see fit. Notwithstanding anything in this Section 14 to the contrary, payments made under this Section 14 that are provided during one calendar year
shall not affect the amount of such payments provided during a subsequent calendar year, payments under this Section 14 may not be exchanged or substituted for other forms of compensation to Executive, and any such payment will be paid within
sixty (60) days after Executive prevails, but in no event later than the last day of Executive’s taxable year following the taxable year in which he or she incurred the expense giving rise to such payment.  

  
 13 

 15. Governing Law. This Agreement shall be construed, interpreted and governed
in accordance with the laws of the State of Missouri, without reference to rules relating to conflicts of law. 

16. Effect on Prior Agreements. This Agreement and any ancillary documents contain the entire understanding between the
parties hereto and this Agreement, except as provided in an ancillary document, supersedes in all respects any prior or other agreement or understanding, written or oral, between the Company, any affiliate of the Company or any predecessor of the
Company or affiliate of the Company and Executive. 
 17. Withholding. The Company shall be entitled to withhold
from payments to or on behalf of Executive any amount of tax withholding required by law. 
 18. Currency. All
dollar amounts or references contained in this Agreement and any ancillary document refer to the United States dollar. 

19. Survival. Notwithstanding the expiration of the term of this Agreement, the applicable provisions of this Agreement (such
as Sections 5 through 20) shall remain in effect as long as is reasonably necessary to give effect thereto in accordance with the terms hereof. 
 20. Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original. 
 [SIGNATURE PAGE FOLLOWS] 

  
 14 

 
			
	PEABODY ENERGY CORPORATION
		
	By:	 	 /s/ Sharon D. Fiehler

	Name:	 	Sharon D. Fiehler
	Title:	 	Executive Vice President and Chief Administrative Officer
	
	EXECUTIVE
	
	 /s/ Charles Meintjes

	Charles Meintjes

  
 15 

 EXHIBIT A 
 FORM OF RELEASE 
 (attached) 

  
 16 

 EXHIBIT A 
 FORM OF RELEASE 
 This Agreement (“Agreement”) will confirm your
termination/resignation from Peabody Energy Corporation (the “Company”) on DATE OF TERMINATION (“Termination Date”). 
 For the consideration set forth in that certain Employment Agreement between you and the Company dated as of [INSERT DATE OF EMPLOYMENT AGREEMENT] (your “Employment Agreement”), which
constitute monies and benefits to which you are not already entitled, you agree as follows: 
  

	1.	You agree that, upon the request of the Company, you will cooperate in any pending or future litigation or governmental inquiry which involves any interests of the
Company, its parent companies and their subsidiaries or affiliates (collectively the “Companies”), to which you are not a party adverse to the Companies and in relation to which you have knowledge or information. Upon the request of and at
the expense of the Companies, and upon reasonable notice, you will testify truthfully in such proceedings, in any jurisdiction, whether or not such testimony can otherwise be compelled. The Companies will attempt to schedule such testimony in a
manner that does not interfere with your professional obligations, but cannot guarantee such scheduling. 

  

	2.	 Subject to the provisions of paragraph 7, you agree to waive any and all claims, demands, causes of action, costs and expenses for damages (whether
known or unknown) which you had, now have or may have against the Companies on any grounds whatsoever, whether known or not at the time of execution of this Agreement, including without limitation any claims arising out of your employment with or in
connection with the separation of your employment with the Company, and to release and discharge forever the Companies and all of their predecessors, successors, assigns and their respective current and former employees, officers, directors,
shareholders, insurers, agents and counsel (hereinafter, with the Companies, collectively referred to as the “Releasees”) from any such claims or demands. This release includes, but is not limited to, the following: (i) any claim
under any contract, tort, or any other local, state, or federal statutory or common law, including, but not limited to, any claim that the Releasees, jointly or severally, breached any contract or promise, express or implied, or any term or
condition of your employment, and any claim for promissory estoppel or wrongful discharge arising out of your employment with the Companies or any of the Releasees and/or the termination of such employment; (ii) any claim of unjust, wrongful,
or tortious discharge (including any claim of fraud, negligence, retaliation for whistle blowing, or intentional infliction of emotional distress); (iii) any claim of defamation or other common-law action; (iv) any claims of discrimination
on any basis, including, without limitation, age, appearance, color, disability, gender identification, marital status, military status, national origin, political affiliation, race, religion, sex, sexual orientation, veteran status, or any other
characteristic (including, but not limited to, status as a “whistleblower”), under any federal, state, or local statute, ordinance, order, or law, including, but not limited to, the Civil Rights Act of 1964, 42 U.S.C. § 2000e
et seq., the Civil Rights Act of 1866, 42 U.S.C. § 1981, the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., (including but not limited to the Older Worker’s Benefit Protection Act), the
Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq., the Fair Labor Standards Act of 1938, 29 U.S.C. § 201 et seq., the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., the Family
and Medical Leave Act, 29 U.S.C. § 2601, the Employee Retirement Income Security Act, 29 U.S.C. § 1001, et seq., the Lilly Ledbetter Fair Pay Act of 2009, the Pregnancy Discrimination Act of 1978, or the Worker Adjustment
and Retraining Notification Act, 29 U.S.C. 210l, et seq., all as amended; (v) any claim under any [Missouri] employment law; and/or (vi) any other claim relating to your employment, the termination of your employment or the
Releasees’ failure to reemploy you under any federal, state or local statute, ordinance, order or law. Except as provided in paragraph 7 below, this release is intended to cover all possible legal and/or equitable relief, including, but not
limited to, reinstatement, wages, back pay, front pay, benefits, perquisites, compensatory damages, punitive damages, liquidated damages, damages for pain or suffering, damages for emotional distress, damages for loss of consortium, and
attorneys’ fees. You further agree not to file any claim, complaint, or cause of action or lawsuit 

  
 1 

	 	
against the Releasees that you have released in this Agreement. You understand and acknowledge that, except as provided in paragraph 7 and for claims arising after the date hereof, the
provisions of this Paragraph mean that you cannot bring a lawsuit against the Releasees for any reason. 

  

	3.	You acknowledge that, as of the date you sign this Agreement: (a) you have properly disclosed to the Companies any work-related injury(s); (b) you have been
paid in full all wages due and owing to you for any and all work performed for the Companies; and (c) you have properly disclosed to the Companies all facts or circumstances of which you are aware that may constitute a violation by the
Companies of the Fair Labor Standards Act or a state law equivalent. 

  

	4.	You understand that you are not waiving any rights or claims that may arise after this document has been signed by you. In exchange for signing this document, you will
be given the rights and benefits provided herein and in your Employment Agreement, over and above anything of value, including benefits existing as of your termination date, to which you are already entitled. You further represent and agree that,
except as enumerated herein and in your Employment Agreement, you are not entitled to any other payment or remuneration of any kind. 

  

	5.	You hereby acknowledge that you have been advised to consult with an attorney before you sign this document and that, for a period of seven (7) days after the date
on which you execute this Agreement, you may revoke this Agreement, but such revocation would only apply to claims arising under the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., (including but not limited to the
Older Worker’s Benefit Protection Act); that this Agreement is not effective or enforceable with respect to the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., (including but not limited to the Older
Worker’s Benefit Protection Act) until such seven (7) day period has expired; that, if you exercise your right to revoke this Agreement within seven (7) days after signing this Agreement, all provisions contained in this Agreement
relating to the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., (including but not limited to the Older Worker’s Benefit Protection Act) shall be null and void and the contents of this Agreement may not be used
by either party for any such purpose, but that it shall remain fully in effect and enforceable for all other purposes; that, should you decide to revoke this Agreement for the purposes set forth in this paragraph 5, such revocation must be in
writing and delivered to Vice President of Corporate and International Human Resources, Peabody Energy, 701 Market Street, St. Louis, MO 63101, by personal delivery or by first class mail, postage prepaid, or certified mail within the same seven
(7) day period (if mailed, the date of the postmark or certification will be used to determine the date of revocation); and that should any such revocation occur, you will forfeit your right to receive any and all benefits (including severance
payments) that are to be paid or provided pursuant to this Agreement or your Employment Agreement to the extent such benefits are contingent upon execution and non-revocation of a release of claims against some or all of the Releasees.

  

	6.	You acknowledge that you have been informed that you have up to twenty-one (21) days [45 days if the employee is over age 40 and being terminated in connection
with a RIF; If this bracket, applies, an OWBPA disclosure will also be required] within which to consider this Agreement prior to your execution of it. 

 

	7.	 It is specifically understood and agreed that this Agreement has no effect on your rights: (a) with regard to claims that cannot be waived by law;
however, you acknowledge and agree that you waive any right to monetary recovery should any federal, state, or local administrative agency or commission pursue any claims on your behalf arising out of or related to your employment with and/or
separation from the Company; (b) to receive retirement benefits from the Company’s retirement plans accrued and vested on or prior to the Termination Date; (c) to continue participation in any Company health insurance plan pursuant to
the provisions of COBRA following the Termination Date; (d) to continue participation in all other applicable Company benefit plans until the Termination Date, subject to the terms of such plans as they may exist from time to time; and
(e) with regard to a workers’ compensation claim, if applicable. You further 

  
 2 

	 	
acknowledge and agree that your participation in any of the Company’s disability, life insurance, accidental death and dismemberment, and/or other related plans shall cease in accordance
with the terms of the respective plan, and that you have been informed that the Company’s Long Term Disability plan requires as a condition of participation that the employee be “actively at work” and that you will not, therefore, be
eligible to continue to participate in such plan after the Termination Date, except as a result of your exercising any conversion rights as contained in the plan. Furthermore, nothing in this Release modifies or affects any rights that you have
(i) to be indemnified and held harmless for your acts and omissions to act as an employee of the Company under any insurance policy procured and maintained by the Company, any indemnification agreement with or indemnification policy of the
Company or of any other party, as in effect at any time and from time to time (including, but not limited to, the Company’s Amended and Restated By-Laws, Article IV, Indemnification), or under applicable law, (ii) to be paid amounts due
pursuant to, and to be provided benefits required to be provided by your Employment Agreement. 

  

	8.	You agree not to disclose the terms of this Agreement to any person other than your spouse, legal advisor, or financial advisor, except as required by court order or
other compulsory legal process and that, if you do so, you will require your agent to abide by your promise to keep the terms of this Agreement confidential. If you disclose the terms of this Agreement to any party, except as referenced in the prior
sentence, the Companies shall have no further obligation under this Agreement and have the right to reimbursement for all severance amounts paid to you under your Employment Agreement. 

 

	9.	You expressly represent that you have relied on no representations or statements other than those, which appear herein. There shall be no modifications or amendments to
this Agreement unless they are in writing and signed by all of the parties. 

  

	10.	You agree to relinquish any and all rights to reemployment or reinstatement as an employee with the Companies and you agree not to apply or otherwise seek employment or
reemployment with the Companies in any capacity. The Companies shall have the right to reject without cause any application for future employment made by you. 

 

	11.	You hereby reaffirm your obligations pursuant to your Employment Agreement to (a) not disclose the confidential information of the Companies, (b) not solicit
the employees of the Companies, (c) not solicit customers of the Companies, (d) not compete with the Companies, each as described in your Employment Agreement. In addition, you hereby reaffirm all other post-employment obligations you have
pursuant to your Employment Agreement. 

  

	12.	You acknowledge that this Agreement and the release provided hereunder does not constitute and should not be construed as an admission of liability or wrongdoing by the
Releasees with respect to any claim asserted by you or by any other employee. You also understand that, by signing this Agreement, you are giving up any rights to receive any remedial and/or monetary relief (for example, reinstatement, back pay,
front pay, emotional distress damages and punitive damages) as a consequence of any charge or complaint filed with the EEOC or any other human rights commission. 

 

	13.	You represent and warrant that you have returned all Company property and that you have not retained copies of any Company property, either electronically or in print.

  

	14.	You and the Companies agree that this Agreement shall be construed under the laws of the state of Missouri, except as otherwise preempted by the Employee Retirement
Income Security Act of 1974. 

  

	15.	You understand that, if any of the provisions of this Agreement are declared invalid, void or unenforceable, in whole or in part, all other provisions of this Agreement
shall remain in full force and effect. 

  
 3 

	16.	You understand that other than your Employment Agreement, this Agreement supersedes and replaces any other agreement, whether written or oral, and represents the entire
agreement between the parties in respect of the subject matter hereof, and that other than your Employment Agreement, there are no other understandings or agreements between the parties regarding your employment, your benefits or termination from
the Company. You further acknowledge: that you have read this Agreement; that you have been given an opportunity to review this Agreement with legal counsel of your own choosing, at your own expense; that you have apprised yourself of sufficient
relevant information, through sources of your own selection, in order that you might intelligently exercise your own judgment in deciding whether to execute this Agreement; that this Agreement and your Employment Agreement fully and accurately
reflect the content of any and all understandings and agreements between you and the Company; that you have freely executed this Agreement on the basis of your own judgment, belief, and knowledge, and not on the basis of any representation by the
Companies, their attorneys, or anyone acting on their behalf; and that you are not relying on any promise or representation whatsoever not contained herein or in the Employment Agreement as an inducement to execute this Agreement.

 You agree and recognize that, subject to the limited revocation provisions of paragraph 5 hereof, this Agreement is final and
binding. You further agree that, if you breach any of the terms and conditions of this Agreement, you will not be entitled to receive the monies and benefits described in this Agreement and your Employment Agreement and that the Companies have the
right to seek reimbursement for all amounts previously paid to you. 
  

			
	Sincerely,
		
	Name	 	 
		
	Title	 	 

  

	cc:	Steve Callahan; Vice President of Corporate and International Human Resources 

 

							
	ACCEPTED AND AGREED TO:	 		 	
				
	 	 		 		 	 
	Name	 		 		 	Date

  
 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00211-of-00352.parquet"}]]