Document:

Ex-10.44

 Exhibit 10.44 
 Repayment Provisions 
 For SEC Executive Officers 

Amended and Restated as of March 8, 2012 
 (1) Termination for Cause. For the purposes of these repayment provisions, Fannie Mae may terminate Executive for Cause if Fannie Mae determines that Executive has: 

(a) materially harmed Fannie Mae by, in connection with Executive’s performance of his or her duties for Fannie Mae, engaging in
gross misconduct or performing Executive’s duties in a grossly negligent manner, or 
 (b) been convicted of, or pleaded
nolo contendere with respect to, a felony. 
 Fannie Mae, by written notice, may terminate Executive’s employment at any time following the
occurrence of an event described in (b). 
 Executive shall not be deemed to have been terminated for Cause following the occurrence of an event
described in (a) unless Fannie Mae shall have provided: (i) reasonable notice to Executive setting forth Fannie Mae’s intention to terminate for Cause, (ii) where remedial action is appropriate and feasible, a reasonable
opportunity for such action, (iii) an opportunity for Executive, together with Executive’s counsel, to be heard before the Board of Directors, and (iv) Executive with a notice of termination stating that Executive was guilty of the
conduct set forth in this section and specifying the particulars thereof in detail. 
 (2) Forfeiture Upon Termination for Cause. Upon
termination of Executive’s employment with Fannie Mae for Cause, Executive shall immediately forfeit all Deferred Salary and Incentive Payments that as of the date of termination of Executive’s employment (a) in the case of stock
options, stock appreciation rights, restricted stock and stock units, have not yet vested, and (b) in the case of other awards, have not yet become payable (determined without giving effect to a voluntary election to defer the payment date).
“Incentive Payment” means: (i) severance payments and bonus payments, (ii) stock options and stock appreciation rights, (iii) restricted stock and stock units, (iv) long-term awards whether or not vested, and
(v) deferred cash awards. Deferred Salary means both the awards made under the deferred pay program established in 2009 and deferred salary under the executive compensation program established in 2012. 

  
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 (3) Subsequent Determination of “Cause” for Termination of Employment. If, after the
termination of Executive’s employment (other than an involuntary termination of employment by Fannie Mae for Cause) and within the “applicable determination period” as hereinafter defined, the Board of Directors determines and
notifies Executive in writing that circumstances existed at the time of termination of Executive’s employment that would have justified a termination for Cause, including for this purpose the occurrence of a felony for which Executive has
subsequently been convicted or to which Executive has subsequently pleaded nolo contendere, and the officer’s actions materially harmed the business or reputation of Fannie Mae, Executive shall repay or forfeit, as appropriate, any or all
Deferred Salary and Incentive Payments to the extent the Board of Directors, acting in its discretion deems such forfeiture or repayment to be appropriate under the circumstances. The Board may require the forfeiture or repayment of Deferred Salary
and any or all Incentive Payments (including amounts in the nature of dividends or other earnings in respect of the Incentive Payments) received by Executive such that Executive is in the same economic position (without regard to the effect of
taxes) as if Executive had been terminated for Cause as of the date of Executive’s termination of employment. For purposes of this Section (3) and for purposes of Section (4), “applicable determination period” means (i) in
the case of Executive’s conviction of or a plea of nolo contendere to a felony, the ninety-day period following the date on which the Board of Directors first learns of the conviction or plea, and (ii) in every other case, the
twenty-four-month period commencing on the date of termination of Executive’s employment. The Board of Directors shall provide Executive with: (I) notice in writing of the Board of Director’s intent to invoke this forfeiture/repayment
provision, which notice shall set forth in reasonable detail the circumstances pursuant to which the Board of Directors intends to invoke this provision, and (II) a chance to be heard before the Board of Directors, together with
Executive’s counsel, prior to the time the Board of Directors makes a final decision to invoke this provision. 

  
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 (4) Effect of Willful Misconduct. 

(a) The provisions of this Section (4) shall apply if (i) Fannie Mae terminates Executive’s employment under Section
(1) or if the Board of Directors makes a determination within the “applicable determination period” under Section (3) that a basis for such a termination existed, and (ii) the basis for such termination or determination is
an act described in Section (1)(a) consisting of willful misconduct by Executive in connection with Executive’s performance of Executive’s duties with the Corporation or a felony described in Section (1)(b) consisting of an act
of willful misconduct in the performance of Executive’s duties with Fannie Mae, in either case which, in the determination of the Board of Directors (made in connection with Fannie Mae’s termination of Executive or the Board of
Directors’ determination under Section (3), as the case may be), has materially harmed the business or reputation of Fannie Mae. Misconduct is not considered willful unless it is done or omitted to be done by Executive in bad faith or without
reasonable belief that Executive’s action or omission was in the best interest of Fannie Mae. 
 (b) If Section
(4)(a) applies, then in addition to any forfeiture or repayment required by the terms of Section (2) or Section (3) there shall also be forfeited or repaid, as the case may be, Other Incentive Payments to the extent the Board of
Directors, acting in its discretion in connection with its termination of Executive or in connection with its determination under Section (3), as the case may be, deems such forfeiture or repayment to be appropriate under the circumstances. As used
in the immediately preceding sentence, “Other Incentive Payments” means Deferred Salary and annual incentives or long-term awards, whether already paid or payable to Executive in the future but excluding any such amounts paid to Executive
more than two (2) years prior to the date of the termination of Executive’s employment. 
 (5) Role of Compensation Committee.
In exercising its discretion or otherwise acting under Sections (1), (3), or (4) above, the Board of Directors shall consider the recommendation of the Compensation Committee. 
 (6) FHFA’s Authority. Nothing in these repayment provisions limits FHFA’s authority with respect to executives covered by these provisions. 

(7) Sarbanes-Oxley Act Reimbursement. [To be included only for CEO and CFO.] Executive acknowledges that certain of his or her bonus or other
incentive-based or equity-based compensation may be subject to a requirement that they be reimbursed to Fannie Mae in the event that Section 304 of the Sarbanes-Oxley Act of 2002 applies to that compensation, and Executive agrees to comply with
the requirements of that section. 

  
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 (8) Materially Inaccurate Financial Statements or Materially Inaccurate Performance Metric Criteria.
If the Executive has been granted Deferred Salary or Incentive Payments based on materially inaccurate financial statements (which includes but is not limited to, statements of earnings, revenues, or gains) or any other materially inaccurate
performance metric criteria, the Executive shall forfeit or repay any amounts granted in excess of the amounts that the Board determines would likely have been granted using accurate metrics. 
 (9) These provisions, as amended and restated, are effective beginning with compensation for the 2012 performance year. 

  
 Page 4Amendment to Coal Purchase and Sale Agreement

 Exhibit 10.16L 
 [*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted
portions. 
 [AEP Letterhead] 
 March 12, 2012 
 Oxford Mining Company, LLC 

Attn: Ms. Angela Ashcraft 
 544 Chestnut
Street 
 P.O. Box 427 
 Coshocton, OH
43812 
  

	Re:	Coal Purchase and Sale Agreement No. 10-62-04-900, dated as of 

 May 21, 2004, as amended, between Ohio Power Company 
 (f/k/a Columbus
Southern Power Company) (“Buyer”), and Oxford 
 Mining Company, LLC (formerly Oxford Mining Company, Inc.)
(“Seller”) 
 SUBJECT: AMENDMENT 2012-1 
 Reference is made to the above-referenced Coal Purchase and Sale Agreement, as amended (the “Agreement”), under which Seller is supplying coal to Buyer. 

Buyer and Seller hereby agree to the following: 

1. The first paragraph of the Agreement shall be deleted in its entirety and replaced with the following in lieu thereof: 

THIS COAL PURCHASE AND SALE AGREEMENT No. 10-62-04-900 (“Agreement”) is entered into as of
May 21, 2004 (the “Effective Date”), by and between American Electric Power Service Corporation, as agent for Ohio Power Company (f/k/a Columbus Southern Power Company prior to its 12/31/2011 merger into Ohio Power Company)
(“Buyer”), and Oxford Mining Company, LLC (formerly Oxford Mining Company, Inc.) (“Seller”). Buyer and Seller are also referred to herein individually as a “Party” and collectively as the “Parties.”

 2. The table and related footnotes in Section 2.1 Contract Quantity shall be deleted in their entirety and replaced with the
following in lieu thereof: 
 Table 2.1.1 
  

																					
	 Contract
Year(s)
	  	Annual Contract
Quantity	 	 	Specification A
Coal Tons	 	  	Specification B
Coal Tons	 	 	Option No. 1
Tons	 	 	Option No. 2 Tons	 
	 2009
	  	 	1,750,000	  	 	 	500,000	  	  	 	(2	) 	 	 	—  	  	 	 	—  	  
	 2010 – 2011
	  	 	1,700,000	  	 	 	500,000	  	  	 	(2	) 	 	 	—  	  	 	 	—  	  
	 2012
	  	 	1,040,620	(5) 	 	 	0	  	  	 	1,040,620	(5) 	 	 	0 to 
50,000/qtr	(3) 	 	 	50,001 – 100,000/qtr	(4) 
	 2013-2015
	  	 	1,700,000	  	 	 	0	  	  	 	1,700,000	  	 	 	0 to 
50,000/qtr	(3) 	 	 	50,001 – 100,000/qtr	(4) 
	 2016 – 2018(1)
	  	 	1,700,000	  	 	 	0	  	  	 	1,700,000	  	 	 	0 to 
50,000/qtr	(3) 	 	 	50,001 – 100,000/qtr	(4) 

  

	(1) 	 If the Option Term Extension is elected by Buyer. 

	(2) 	 For the Delivery Period from
[*] through [*], Seller shall deliver, and Buyer shall accept, no less than [*]
Tons per Contract Year of Specification A Coal. For each such Contract Year, Buyer shall nominate a minimum of at least [*] Tons of Specification A Coal for delivery hereunder, and the remaining Coal to be delivered to Buyer which is not nominated as Specification A Coal shall consist of Specification B Coal; provided that
the total Tons of Specification A Coal and Specification B Coal shall equal the Contract Quantity, as such Contract Quantity may be increased at Buyer’s option as provided herein. For the avoidance of doubt, Buyer’s nomination rights in
the preceding sentence mean that Buyer may so elect to receive more than [*] Tons of Specification A Coal during
any such Contract Year. 

 Oxford Mining Company, LLC 
 Coal Purchase and Sale Agreement No. 10-62-04-900 
 Amendment No. 2012-1 

March 12, 2012 
  

	(3)	 Option No. 1 Tons (up to 50,000 Tons) may be elected for delivery in any quarter at least sixty (60) days prior to the start of the quarter at the Contract Price in effect when delivered.

	(4)	 Option No. 2 Tons (50,001 – 100,000 Tons) may be elected for delivery in any quarter at least sixty (60) days prior to the start of the quarter at the Contract Price in effect when
delivered plus an additional $[*] per Ton. 

	(5) 	 Upon the completion of Contract Year 2012 the Annual Contract Quantity and Specification B Coal
Tons shall be modified to the actual Tons received in the Contract Year. 

 3. In ARTICLE V, Contract Price,
subparts a), b) and c) shall be deleted in their entirety and replaced with the following subpart a) in lieu thereof; and the remaining subparts d) and e) shall be relabeled as subpart b) and c), respectively: 

a) The Contract Price for Coal received [*] through [*] was and
will be on an escalated price basis as specified in this Agreement as in effect immediately prior to [*]. The Contract Price for Coal beginning [*] is on a fixed price basis, with no
escalation, as follows: 
 Table 5.1 
  

			
	 Contract Year
FOB Plant:
	  	Price Per Ton - Specification B Coal
	 [*]
	  	[*]
	
[*](1)
	  	[*]
	 [*]
	  	[*]
	
[*](2)
	  	[*]

  

	(1) 	 Upon the completion of Contract Year 2012, a reconciliation of the Contract Price for Q4 2012 only shall promptly occur. This reconciliation shall be
based on a formula calculation mutually agreed upon by Buyer and Seller. 

	(2) 	 If the Option Term Extension is elected by Buyer. 

 4. With reference to Footnote (1) to Table 5.1 in the Agreement, Buyer and Seller mutually agree that the reconciliation for Q4 2012 only which is provided for in said Footnote shall be based upon
the formula calculation provided for in this Section 4. The formula calculation shall be used to determine either an increased Contract Price or a decreased Contract Price for Q4 2012, with the formula calculation being a calculation made as
follows: 
  

	 	•	 	 [*] 

  

	 	•	 	 [*] 

  

	 	•	 	 [*] 

  

	 	•	 	 [*] 

  

	 	•	 	 [*] 

  

	 	•	 	 [*] 

  

	 	•	 	 [*] 

 In the event that, by
reason of such formula calculation, Buyer has paid to Seller less or more than such final fixed Contract Price for the actual Tons received in Q4 2012, (i) Buyer shall promptly pay to Seller the difference if Buyer has paid less and
(ii) Seller shall promptly pay to Buyer the difference if Buyer has paid more. 
 [*] Certain information in this document has been
omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 2 

 Oxford Mining Company, LLC 
 Coal Purchase and Sale Agreement No. 10-62-04-900 
 Amendment No. 2012-1 

March 12, 2012 
  

 5. Promptly following the execution of this amendment, Buyer shall pay to Seller the difference between
the amount previously paid by Buyer for the actual Tons received and paid for to date in 2012 and the amount actually due therefor based on the price per Ton for Q1 and Q2 2012 set forth in Table 5.1 of the Agreement as hereby amended. 

6. A new Schedule 5.1 in the form as attached to this Amendment 2012-1 shall be the Schedule 5.1 referred to in and applicable to the Agreement.

 7. For the 2012 Quality Adjustments determined as provided in Schedule 7.2 of the Agreement, the amount used for the Contract Price in
calculating all such Quality Adjustments shall be $[*]. 
 8. Seller’s nomination sent to Buyer on October 31, 2011 for the
first quarter Option Tons for 2012 shall be considered null and void and such Tons shall not be added to the 2012 obligation. 
 Except as
amended herein, all other provisions of the Agreement shall remain in full force and effect. If you are in agreement with the foregoing, kindly indicate your acceptance thereof by signing the enclosed duplicate of this letter in the space provided
and then returning it to us. 

	
	
	/s/ Stephen M. DeBord
	 Stephen M. DeBord
 Vice
President
 Fuel, Emissions & Logistics
 On behalf of AMERICAN ELECTRIC POWER
 SERVICE CORPORATION, as agent for

Ohio Power Company

 Acceptance date: March 21, 2012 
 Oxford Mining Company, LLC 

	
	
	/s/ Charles C. Ungurean
	Signature
	
	Charles C. Ungurean
	Name (Print)
	
	President and Chief Executive Officer
	Title

 [*] Certain information in this document has been omitted and filed separately with the Securities and Exchange
Commission. Confidential treatment has been requested with respect to the omitted portions. 

  
 3 

 SCHEDULE 5.1 
 PRICING CALCULATION 
 a) The determination of the Contract Price for Specification B Coal
for each of Contract Years [*] will involve utilizing three (3) publications, [*], to determine the annual market prices used in establishing the price per Ton which is the Contract Price. Should Buyer elect to exercise the Option
Term Extension to extend this Agreement through Contract Year 2018, the same pricing mechanism will apply for [*]. The specific publications and reference markets shall be as follows: 

[*] 
 [*]

 [*] 
 To determine
the weekly prices, tabulate and average each of the physical market pricing data, per week, published in the prior year for the relevant Contract Year for the above markets from all the publications listed above. 

b) The pricing calculation will then be as follows: 
  

	 	1.	[*] 

  

	 	2.	[*] 

  

	 	3.	[*] 

  

	 	4.	[*] 

 [*] 

[*] 
 [*]

  

	 	5.	[*] 

 [*] 

 

	 	6.	[*] 

 [*] 

 

	 	7.	[*] 

 [*] 

 

	 	8.	[*] 

 [*] 

[*] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has
been requested with respect to the omitted portions.

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