Document:

EX-10.12

 Exhibit 10.12 
 Tennessee Valley Authority 
 Coal Supply & Origination 

1101 Market Street, MR 2D 
 Chattanooga, Tennessee 37402-2801 
 CONTRACT SUPPLEMENT 

 

							
	TO:	  	 Armstrong Coal Company	  	Supplement No.	  	4
		  	 7733 Forsyth Boulevard - Suite 1625	  	Date	  	December 28, 2012
		  	 St. Louis, Missouri 63105	  	Group-Contract No.	  	612-40958
		  		  	Plant	  	Various
		  		  	Name of Mine	  	Various

 Attention: Mr. Martin Wilson 
 Armstrong Coal Company (“Armstrong”) and the Tennessee Valley Authority (“TVA”) hereby agree to revise TVA Group-Contract No. 612-40958, as previously amended by Supplement Nos.
1-3, (the “Contract”) as provided below, which shall be effective December 28, 2012. 
  

	 	1.	As provided in Supplement No. 2 dated October 29, 2012, the Annual Contract Tonnage for Contract Year 2013 was established to be 1,625,000 tons (which is the
combined tonnage of 1,000,000 Base Tonnage, 500,000 Option Tonnage, and 125,000 Additional Option Tonnage). 

  

	 	2.	TVA has elected to exercise its right to 125,000 tons of Additional Option Tonnage beginning in the second calendar quarter of 2013 as referenced in Subsection 2.1.2 of
the Contract. 

  

	 	3.	Per this Supplement No. 4, commencing in the second calendar quarter of 2013, the Annual Contract Tonnage for Contract Year 2013 would be increased from 1,625,000
tons to 1,750,000 tons (which is the combined tonnage of 1,000,000 Base Tonnage, 500,000 Option Tonnage, and 250,000 Additional Option Tonnage). 

  

	 	4.	All other provisions of the Contract remain unchanged. 

 Please complete the acceptance below and return the copy of this Contract Supplement to this office. You should retain the original for your file. The acceptance date of this Supplement No. 4 shall
be the date on which both parties have signed a copy thereof. 
 (Signature Page Follows) 

  
 TVA
RESTRICTED INFORMATION 
 Page 1 of 2 

									
	Accepted	 	 Armstrong Coal Co.
	 		 	TENNESSEE VALLEY AUTHORITY
		 	Company	 		 		 	
				
	By	 	

	 		 	

		 	Signature	 		 	Elizabeth L. Kirk
		 		 		 	Manager, Coal Contracts
			
	 President
	 		 	 1-2-13

	Title	 		 		 	Date	 	
				
	 1/2/13
	 		 		 	
	Date	 		 		 		 	

  
 TVA
RESTRICTED INFORMATION 
 Page 2 of 2EX-10.13

 Exhibit 10.13 
 Tennessee Valley Authority 
 Coal Supply & Origination 

1101 Market Street, MR 2D 
 Chattanooga, Tennessee 37402-2801 
 CONTRACT SUPPLEMENT 

 

							
	TO:	  	 Armstrong Coal Company, Inc.	  	Supplement No.	  	5
		  	 7733 Forsyth Boulevard - Suite 1625	  	Date	  	January 9, 2013
		  	 St. Louis, Missouri 63105	  	Group-Contract No.	  	612-40958
		  		  	Plants	  	Widows Creek/Paradise

 Attention: Mr. Martin Wilson 
 This confirms the agreement reached between Kenny Allen, Armstrong Coal Company, Inc., (“Armstrong”) and Connie Gazaway, Tennessee Valley Authority (“TVA”). TVA and Armstrong agree to
further Supplement Group-Contract 612-40958 as previously amended by Supplements 1-4 (the “Contract”) as follows: 
  

	 	1.	Effective January 9, 2013, and through December 31, 2013 (“2013 Period”), Armstrong’s Parkway Underground Mine (“Parkway Mine”)
shall, at TVA’s option, deliver up to 350,000 tons of coal from its Parkway Mine to TVA’s Paradise Fossil Plant (“Paradise”) by truck under the Contract. 

 

	 	2.	At TVA’s election the tonnage under paragraph no. 1 above will be delivered ratably during the 2013 Period or as TVA and Armstrong may otherwise agree in writing.

  

	 	3.	The tonnage under paragraph no. 1 and ratable delivery under paragraph no. 2 above will not replace or effect ratable deliveries of coal pursuant to the provisions of
contract 635-40685. 

  

	 	4.	All 5.0# SO2 coal delivered from the Parkway Mine during the 2013 Period shall conform to the quality specifications as set forth below: 

 

																	
	TYPICAL ANALYSIS1	  	 	 	  	 	 	  	 	  	 REJECTION/SUSPENSION
 SPECIFICATIONS3
	 
						
	 Lbs. of SO2 per million BTu2
	  	 	5.0	  	  	 	lbs.	  	  		  	 Not more than 5.0(P)
	  	 	lbs.	  
	 Total Moisture
	  	 	11.0	  	  	 	%	  	  		  	 Not more than 12.0
	  	 	%	  
	 Sulfur (a/r max)
	  	 	2.90	  	  	 	%	  	  		  	 Not more than 3.0
	  	 	%	  
	 Ash (as received)
	  	 	10.0	  	  	 	%	  	  		  	 Not more than 12.0
	  	 	%	  
	 Btu/lb. (a/r)
	  	 	11,400	  	  				  		  	 Not less than 11,000
	  			
	 Ash fusion temperature
	  				  				  		  		  			
	 Reducing atmosphere
	  				  				  		  		  			
	 Initial
	  	 	1980	  	  	 	°F	  	  		  		  			
	 Softening
	  	 	2075	  	  	 	°F	  	  		  		  	 	°F	  
	 Hemispherical
	  	 	2135	  	  	 	°F	  	  		  		  	 	°F	  
	 Fluid
	  				  	 	°F	  	  		  		  	 	°F	  
	 Volatile Matter (dry basis)
	  				  	 	%	  	  		  		  	 	%	  
	 Grindability (Hardgrove Index)
	  	 	54	  	  				  		  		  			
	 Chlorine (dry basis)
	  	 	.02	  	  	 	%	  	  		  		  	 	%	  

  
 TVA
RESTRICTED INFORMATION 
 Page 1 of 3 

 NOTES: 
  

	1	The Typical Analysis shall be used for the quality adjustments under Section 8. 

	2	Sulfur Dioxide calculated at 97.5 percent 

	3	Failure to comply with any of these specifications shall be a basis for rejections and suspensions or termination pursuant to Subsections 9.3., 9.4., and 9.5 of the
Contract. 

	4	Paradise (P) 

  

	 	5.	The Base Price for coal delivered from the Parkway Mine during the 2013 Period shall be the Contract Year #1 Base Price of $45.50 per ton. Coal delivered from the
Parkway Mine during the 2013 Period shall be subject to adjustment pursuant to Section 10.0 Contract Price Adjustments and Cost Reimbursements of the Contract. 

 

	 	6.	The Contract Year #1 Base Price of $45.50 for coal delivered from the Parkway Mine during the 2013 Period shall be subject to quality adjustments as may be applicable
to reflect the quality of delivered coal under Section 8, Adjustment for Quality, of the Contract based on the quality and specifications in accordance with Section 3, of this Supplement No. 5. The coal quantity delivery
requirements of the Contract shall be reduced by each ton of coal delivered from Parkway Mine to Paradise under this agreement during the 2013 Period. 

 Please complete the acceptance on both copies and return one copy to this office. You should retain the other original copy for your files. 
 In the event Contractor fails to execute this Supplement in the acceptance space provided below or fails to return such executed Supplement to TVA, shipment of coal to TVA following the date of
Contractor’s receipt of this Supplement shall constitute an acceptance by Contractor of all the terms and conditions of this Supplement, Contractor notifies TVA, both orally and in writing that this Supplement is not accepted. 

Except as otherwise provided in the immediately preceding sentence, the acceptance date of this Supplement shall be the date on which both parties have
signed a copy thereof. 
 (Signature Page Follows) 

  
 TVA
RESTRICTED INFORMATION 
 Page 2 of 3 

									
	Accepted	 	 ARMSTRONG COAL CO.
	 		 	Tennessee Valley Authority
		 	(Company)	 		 		 	
					
	By	 	

	 		 	By	 	

		 		 		 	Elizabeth L. Kirk
		 		 		 	Manager, Coal Contracts
				
	Title	 	 President
	 		 	 1-11-13

		 		 		 	Date	 	
					
	Date	 	 1-11-13
	 		 		 	

  
 TVA
RESTRICTED INFORMATION 
 Page 3 of 3EX-10.14

 Exhibit 10.14 
 Tennessee Valley Authority 
 Coal Supply & Origination 

1101 Market Street, MR 2D 
 Chattanooga, Tennessee 37402-2801 
 CONTRACT SUPPLEMENT 

 

							
	TO:	  	 Armstrong Coal Company, Inc.	  	Supplement No.	  	6
		  	 7733 Forsyth Boulevard - Suite 1625	  	Date	  	March 21, 2013
		  	 St. Louis, Missouri 63105	  	Group-Contract No.	  	612-40958
		  		  	Plant	  	Kingston

 Attention: Mr. Martin Wilson 
 Armstrong Coal Company, Inc. (“Armstrong”) and the Tennessee Valley Authority (“TVA”) hereby agree to revise TVA Group-Contract No. 612-40958, as previously amended by Supplement
Nos. 1-5, (the “Contract’’) as provided below, which shall be effective March 21, 2013. 
  

	 	1.	Pursuant to Subsection 5.1 of the Contract, effective March 25, 2013, Armstrong’s Lewis Creek #9 Underground Mine (“Lewis Creek Mine”) shall become
one of the Approved Source Mines for TVA’s Kingston Fossil Plant (“KIF”) for the remaining term of the Contract. 

  

	 	2.	For the sake of clarity, all coal delivered from the Lewis Creek Mine per this Supplement No. 6 will be delivered to KIF only. 

 

	 	3.	Appendix A of the Contract has been revised and is attached to add Lewis Creek Mine as an Approved Mine Source to KIF per this Supplement No. 6.

  

	 	4.	All other conditions of the Contract remain unchanged. 

  

									
	Accepted	 	 ARMSTRONG COAL CO.
	 		 	TENNESSEE VALLEY AUTHORITY
		 	Company	 		 		 	
				
	By	 	

	 		 	

		 	Signature	 		 	Signature
			
	 President
	 		 	 Manager Coal Acquisition

	Title	 		 		 	Title	 	
			
	 3/22/13
	 		 	 3/22/2013

	Date	 		 		 	Date	 	

  
 TVA
RESTRICTED INFORMATION 

 REVISED APPENDIX A 

SOURCE AREA AND AUTHORIZED SOURCES 
  

									
	 Permit No.
	  	 Mine Name
	  	 Coal Seam
	  	 TVA Plant
	  	 Max. % Allowed in Blends

	889-5014	  	Parkway	  	#9	  	Paradise	  	100
		  		  		  	Cumberland	  	100
		  		  		  	Widows Creek	  	100
					
	892-0108	  	Kronos	  	#9	  	Paradise	  	100
		  		  		  	Cumberland	  	100
		  		  		  	Widows Creek	  	100
		  		  		  	Kingston	  	100
					
	892-5009	  	Lewis Creek	  	#9	  	Kingston	  	100

  
 TVA
RESTRICTED INFORMATIONEX-10.15

 Exhibit 10.15 
 Tennessee Valley Authority 
 Coal Supply & Origination 

1101 Market Street, MR 2D 
 Chattanooga, Tennessee 37402-2801 
 CONTRACT SUPPLEMENT 

 

							
	TO:	  	 Armstrong Coal Company	  	Supplement No.	  	7
		  	 7733 Forsyth Boulevard - Suite 1625	  	Date	  	March 29, 2013
		  	 St. Louis, Missouri 63105	  	Group-Contract No.	  	612-40958
		  		  	Plant	  	Various
		  		  	Name of Mine	  	Various

 Attention: Mr. Martin Wilson 
 Armstrong Coal Company (“Armstrong”) and the Tennessee Valley Authority (“TVA”) hereby agree to revise TVA Group-Contract No. 612-40958, as previously amended by Supplement Nos.
1-6, the “Contract”) as provided below, which shall be effective March 29, 2013. 
  

	 	1.	As provided in Supplement No. 4 dated December 28, 2012, the Annual Contract Tonnage for Contract Year 2013 was established to be 1,750,000 tons (which is the
combined tonnage of 1,000,000 Base Tonnage, 500,000 Option Tonnage, and 250,000 Additional Option Tonnage). 

  

	 	2.	TVA has elected to exercise its right to 125.000 tons of Additional Option Tonnage for 3Q 2013 as referenced in Subsection 2.1.2 of the Contract.

  

	 	3.	Per this Supplement No. 7, the Annual Contract Tonnage for Contract Year 2013 would be increased from 1,750,000 tons to 1,875,000 tons (which is the combined
tonnage of 1,000.000 Base Tonnage, 500,000 Option Tonnage, and 375,000 Additional Option Tonnage). 

  

	 	4.	All other provisions of the Contract remain unchanged. 

 Please complete the acceptance below and return the copy of this Contract Supplement to this office. You should retain the original for your file. The acceptance date of this Supplement No. 7 shall be the
date on which both parties have signed a copy thereof. 
 (Signature Page Follows) 

  
 TVA
RESTRICTED INFORMATION 
 Page 1 of 2 

									
	Accepted	 	 ARMSTRONG COAL CO.
	 		 	TENNESSEE VALLEY AUTHORITY
		 	Company	 		 		 	
				
	By	 	

	 		 	

		 	Signature	 		 	Signature
			
	 President
	 		 	 Director

	Title	 		 		 	Title	 	
			
	 3/29/13
	 		 	 3/29/2013

	Date	 		 		 	Date	 	

  
 TVA
RESTRICTED INFORMATION 
 Page 2 of 2

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