Document:

Exhibit 10.3

 

EXECUTION VERSION

 

 

 

JOINDER AGREEMENT

 

THIS JOINDER AGREEMENT, dated as of February 24, 2016 (this “Agreement”) is executed by WARRIOR COAL, LLC, WEBSTER COUNTY COAL, LLC, WHITE OAK RESOURCES LLC, and HAMILTON COUNTY COAL, LLC (the “Additional Originators”), each a limited liability company organized under the laws of Delaware with its principal place of business located at 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma.

 

 

BACKGROUND:

 

A.        Alliance Resource Operating Partners, L.P., a Delaware limited partnership (the “Company”) and the various entities from time to time party thereto, as Originators (collectively, the “Originators”), have entered into that certain Purchase and Sale Agreement, dated as of December 5, 2014 (as amended, restated, supplemented or otherwise modified through the date hereof, and as it may be further amended, restated, supplemented or otherwise modified from time to time, the “Purchase and Sale Agreement”).

 

B.        The Additional Originators desire to become Originators pursuant to Section 4.3 of the Purchase and Sale Agreement.

 

NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Additional Originators hereby agree as follows:

 

SECTION 1.   Definitions.  Capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned thereto in the Purchase and Sale Agreement or in the Receivables Financing Agreement (as defined in the Purchase and Sale Agreement).

 

SECTION 2.   Transaction Documents.  The Additional Originators hereby agree that each shall be bound by all of the terms, conditions and provisions of, and shall be deemed to be party to (as if each were an original signatory to), the Purchase and Sale Agreement and each of the other relevant Transaction Documents.  From and after the later of the date hereof and the date that each Additional Originator has complied with all of the requirements of Section 4.3 of the Purchase and Sale Agreement, the Additional Originators shall be Originators for all purposes of the Purchase and Sale Agreement and all other Transaction Documents. Each Additional Originator hereby acknowledges that it has received copies of the Purchase and Sale Agreement and the other Transaction Documents.

 

SECTION 3.   Representations and Warranties.  Each Additional Originator hereby makes all of the representations and warranties set forth in Article V (to the extent applicable) of the Purchase and Sale Agreement as of the date hereof (unless such representations or warranties relate to an earlier date, in which case as of such earlier date), as if such representations and warranties were fully set forth herein.

 

 

Joinder Agreement

 

 

SECTION 4.   Amendments to the Purchase and Sale Agreement.  The Purchase and Sale Agreement is hereby amended as follows:

 

(a)        Schedule I of the Purchase and Sale Agreement is replaced in its entirety with Schedule I attached hereto.

 

(b)        Schedule II of the Purchase and Sale Agreement is replaced in its entirety with Schedule II attached hereto.

 

(c)        Schedule III of the Purchase and Sale Agreement is replaced in its entirety with Schedule III attached hereto.

 

(d)       Schedule IV of the Purchase and Sale Agreement is replaced in its entirety with Schedule IV attached hereto.

 

(e)        Schedule V of the Purchase and Sale Agreement is replaced in its entirety with Schedule V attached hereto.

 

SECTION 5.   Cut-Off Date.  The parties hereto hereby agree that the Cut-Off Date with respect to the Additional Originators shall be January 31, 2016.

 

SECTION 6.   Miscellaneous.  THIS AGREEMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF).  This Agreement is executed by the Additional Originators for the benefit of the Buyer, and its assigns, and each of the foregoing parties may rely hereon.  This Agreement shall be binding upon, and shall inure to the benefit of, the Additional Originators and their successors and permitted assigns.  The Originators that are not Additional Originators, and the Buyer join in this Agreement for purposes of consenting to the addition of the Additional Originators and amending the Purchase and Sale Agreement as contemplated by Section 4.  Administrative Agent joins in this Agreement to evidence its consent to the addition of the Additional Originators and the amendments contemplated in Section 4.

 

[Signature Pages Follow]

 

 

Joinder Agreement

 

 

IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed by its duly authorized officer as of the date and year first above written.

 

 

	
 
    	
WARRIOR COAL, LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ R. Eberly Davis
    
	
 
    	
 
    	
Name: R. Eberley Davis
    
	
 
    	
 
    	
Title: Senior Vice   President, General Counsel and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WEBSTER COUNTY COAL,   LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ R. Eberly Davis
    
	
 
    	
 
    	
Name: R. Eberley Davis
    
	
 
    	
 
    	
Title: Senior Vice   President, General Counsel and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
WHITE OAK RESOURCES LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ R. Eberly Davis
    
	
 
    	
 
    	
Name: R. Eberley Davis
    
	
 
    	
 
    	
Title: Senior Vice   President, General Counsel and Secretary
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
HAMILTON COUNTY COAL,   LLC
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/ R. Eberly Davis
    
	
 
    	
 
    	
Name: R. Eberley Davis
    
	
 
    	
 
    	
Title: Senior Vice   President, General Counsel and Secretary
    

 

 

Joinder Agreement

 

 

	
 
    	
ORIGINATORS:
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ALLIANCE COAL, LLC
    
	
 
    	
GIBSON COUNTY COAL, LLC
    
	
 
    	
HOPKINS COUNTY COAL,   LLC
    
	
 
    	
METTIKI COAL (WV), LLC
    
	
 
    	
MT. VERNON TRANSFER   TERMINAL, LLC
    
	
 
    	
RIVER VIEW COAL, LLC
    
	
 
    	
SEBREE MINING, LLC
    
	
 
    	
TUNNEL RIDGE, LLC
    
	
 
    	
WHITE COUNTY COAL, LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ R. Eberly Davis
    	
 
    
	
 
    	
Name: R. Eberley Davis
    
	
 
    	
Title: Senior Vice   President, General Counsel and Secretary
    

 

 

Joinder Agreement

 

 

Consented to:

 

ALLIANCE RESOURCE OPERATING PARTNERS, L.P.

 

 

	
By:
    	
/s/ R. Eberly Davis
    	
 
    
	
Name: R. Eberley Davis
    	
 
    
	
Title:   Senior Vice President, General Counsel, and Secretary
    

 

 

Joinder Agreement

 

 

Acknowledged by and consented to:

 

PNC BANK, NATIONAL ASSOCIATION,
 as Administrative Agent and sole Lender

 

 

	
By:
    	
/s/ Michael Brown
    	
 
    
	
Name: Michael Brown
    	
 
    
	
Title: Senior Vice   President
    	
 
    

 

 

Joinder Agreement

 

 

Schedule I

 

 

LIST OF ORIGINATORS

 

 

 

Alliance Coal, LLC

 

Gibson County Coal, LLC

 

Hamilton County Coal, LLC

 

Hopkins County Coal, LLC

 

Mettiki Coal (WV), LLC

 

Mt. Vernon Transfer Terminal, LLC

 

River View Coal, LLC

 

Sebree Mining, LLC

 

Tunnel Ridge, LLC

 

Warrior Coal, LLC

 

Webster County Coal, LLC

 

White County Coal, LLC

 

White Oak Resources LLC

 

 

	
 
    	
Schedule II
    	
Joinder Agreement
    

 

 

Schedule II

 

 

LOCATION OF EACH ORIGINATOR

 

 

	
Originator
    	
Location
    
	
 
    	
 
    
	
Alliance Coal, LLC
    	
Delaware
    
	
Gibson County Coal, LLC
    	
Delaware
    
	
Hamilton County Coal,   LLC
    	
Delaware
    
	
Hopkins County Coal,   LLC
    	
Delaware
    
	
Mettiki Coal (WV), LLC
    	
Delaware
    
	
Mt. Vernon Transfer   Terminal, LLC
    	
Delaware
    
	
River View Coal, LLC
    	
Delaware
    
	
Sebree Mining, LLC
    	
Delaware
    
	
Tunnel Ridge, LLC
    	
Delaware
    
	
Warrior Coal, LLC
    	
Delaware
    
	
Webster County Coal,   LLC
    	
Delaware
    
	
White County Coal, LLC
    	
Delaware
    
	
White Oak Resources LLC
    	
Delaware
    

 

 

Joinder Agreement

 

 

Schedule III

 

 

LOCATION OF BOOKS AND RECORDS OF EACH ORIGINATOR

 

 

	
Originator
    	
Location of   Books and Records
    
	
 
    	
 
    
	
Alliance Coal,   LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
Gibson County   Coal, LLC

 
    	
1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma
    
	
Hamilton County   Coal, LLC

 
    	
1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma
    
	
Hopkins County   Coal, LLC

 
    	
1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma
    
	
Mettiki Coal   (WV), LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
Mt. Vernon   Transfer Terminal, LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
River View Coal,   LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
Sebree Mining,   LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
Tunnel Ridge,   LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
Warrior Coal,   LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
Webster County   Coal, LLC

 
    	
1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma
    
	
White County   Coal, LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    
	
White Oak   Resources LLC

 
    	
1717 S. Boulder   Ave., Suite 400, Tulsa, Oklahoma
    

 

 

	
 
    	
Schedule III
    	
Joinder Agreement
    

 

 

Schedule IV

 

 

TRADE NAMES OF EACH ORIGINATOR

 

 

	
Legal Name
    	
Trade Names
    
	
Alliance Coal,   LLC

 
    	
Not Applicable
    
	
Gibson County   Coal, LLC

 
    	
Not Applicable
    
	
Hamilton County   Coal, LLC

 
    	
Not Applicable
    
	
Hopkins County   Coal, LLC

 
    	
Not Applicable
    
	
Mettiki Coal   (WV), LLC

 
    	
Not Applicable
    
	
Mt. Vernon   Transfer Terminal, LLC

 
    	
Not Applicable
    
	
River View Coal,   LLC

 
    	
Not Applicable
    
	
Sebree Mining,   LLC

 
    	
Not Applicable
    
	
Tunnel Ridge,   LLC

 
    	
Not Applicable
    
	
Warrior Coal,   LLC

 
    	
Not Applicable
    
	
Webster County   Coal, LLC

 
    	
Not Applicable
    
	
White County   Coal, LLC

 
    	
Not Applicable
    
	
White Oak   Resources LLC

 
    	
Not Applicable
    

 

 

	
 
    	
Schedule IV
    	
Joinder Agreement
    

 

 

Schedule V

 

 

LOCATION OF MINING OPERATIONS OF EACH ORIGINATOR

 

 

	
 

 

ORIGINATOR
    	
MINEHEAD
    	
STATE
    	
COUNTY
    
	
Alliance   Coal, LLC

 
    	
N/A
    	
N/A
    	
N/A
    
	
Gibson   County Coal, LLC

 
    	
Gibson N.   Complex/

Gibson S.   Complex
    	
IN
    	
Gibson County

Knox County
    
	
Hamilton   County Coal, LLC

 
    	
Hamilton County   Coal

Mine #1   (Hamilton County Coal, LLC operates and generates its Receivables from coal   mined at this mine, but the record interest in coal at this mine is held by   White Oak Resources LLC)
    	
IL
    	
Hamilton County
    
	
Hopkins   County Coal, LLC

 
    	
Elk Creek Mine
    	
KY
    	
Hopkins County
    
	
Mettiki   Coal (WV), LLC

 
    	
Mettiki-   Mountain View Mine
    	
WV
    	
Grant County

Tucker County
    
	
Mt.   Vernon Transfer Terminal, LLC

 
    	
N/A (Transfer   Terminal)
    	
N/A
    	
N/A
    
	
River   View Coal, LLC

 
    	
River View Mine
    	
KY
    	
Union County
    
	
Sebree   Mining, LLC

 
    	
Onton No. 9   Mine
    	
KY
    	
Hopkins County

Webster County
    
	
Tunnel   Ridge, LLC

 
    	
Tunnel Ridge   Mine
    	
PA

WV
    	
Washington   County

Ohio County
    
	
Warrior   Coal, LLC

 
    	
Warrior Mine
    	
KY
    	
Hopkins County
    
	
Webster   County Coal, LLC

 
    	
Dotiki Mine
    	
KY
    	
Webster County
    

 

 

	
 
    	
Schedule V
    	
Joinder Agreement
    

 

 

	
 

 

ORIGINATOR
    	
MINEHEAD
    	
STATE
    	
COUNTY
    
	
White   County Coal, LLC

 
    	
Pattiki Mine
    	
IL
    	
White County
    
	
White   Oak Resources LLC

 
    	
Hamilton County   Coal

Mine #1 
    	
IL
    	
Hamilton County
    

 

 

	
 
    	
Schedule V
    	
Joinder AgreementEXHIBIT 10.1

EXECUTION VERSION

 

AMENDMENT No. 2, dated as of March 28, 2016 (this “Amendment”), to the Superpriority Secured Debtor-in-Possession Credit Agreement, dated as of January 21, 2016 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time, the “Credit Agreement”), among Arch Coal, Inc., a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code, as borrower (the “Borrower”), the Guarantors from time to time party thereto, each a debtor and debtor-in-possession under chapter 11 of the Bankruptcy Code, the Lenders from time to time party thereto and Wilmington Trust, National Association, in its capacity as administrative agent and collateral agent (in such capacities, the “Agent”).  Capitalized terms used but not defined herein have the meaning provided in the Credit Agreement.

 

WHEREAS, the Borrower has requested certain amendments to the Credit Agreement and the undersigned Lenders are willing to consent to such amendments on the terms and conditions set forth herein;

 

WHEREAS, pursuant to Section 13.01 of the Credit Agreement, the Agent, with the written consent of the Required Lenders, and the Borrower, on behalf of the Loan Parties, may grant written waivers or consents under and enter into written agreements amending or changing any provision of the Credit Agreement; and

 

WHEREAS, the parties hereto desire to provide the amendments set forth below on the terms set forth herein;

 

NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

 

Section 1.                                           Amendment to Credit Agreement.

 

(c)                                  The Credit Agreement is hereby amended effective as of the Amendment Effective Date as follows:

 

(A)                               Section 8.01(p)(iv) of the Credit Agreement is hereby amended by deleting the words “ninety (90) days after the Petition Date” therefrom and inserting in lieu thereof the words “April 26, 2016 or such later date as agreed in writing by the Required Lenders or by the Agent with the consent of the Required Lenders”.

 

(B)                               Section 8.01(p)(v) of the Credit Agreement is hereby amended by deleting the words “sixty (60) days after the satisfaction of the milestone provided for in clause (iv) above” therefrom and inserting in lieu thereof the words “June 10, 2016 or such later date as agreed in writing by the Required Lenders or by the Agent with the consent of the Required Lenders”.

 

Section 2.                                           Representations and Warranties.  The Borrower represents and warrants to the Agent and the Lenders as of the Amendment Effective Date that:

 

 

(a)                                 (i) The Borrower (A) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and (B) subject to the entry of the Orders and subject to the terms thereof, has full power to enter into, execute, deliver and carry out this Amendment, and all such actions have been duly authorized by all necessary proceedings on its part, and (ii) this Amendment has been duly and validly executed and delivered by the Borrower and, subject to the entry of the Orders and subject to the terms thereof, constitutes the legal, valid and binding obligation of the Borrower enforceable against the Borrower in accordance with its terms.

 

(b)                                 Neither the execution and delivery of this Amendment by the Borrower, nor the consummation of the transactions herein contemplated or compliance with the terms and provisions hereof by the Borrower will (x) conflict with, constitute a default under or result in any breach of (i) the terms and conditions of the certificate of incorporation, bylaws or other organizational documents of the Borrower or (ii) except as would not reasonably be expected to result in Material Adverse Change and except in respect of the Existing Debt Documents, any Law or any material agreement or instrument or order, writ, judgment, injunction or decree to which the Borrower is a party or by which the Borrower is bound or subject to, or (y) result in the creation or enforcement of any Lien, charge or encumbrance whatsoever upon any property (now or hereafter acquired) of the Borrower (other than Liens granted in respect of the Obligations and Liens created by the Existing Debt Documents).

 

(c)                                  Subject to the entry of the Orders and subject to the terms thereof, no consent, approval, exemption, order or authorization of, or a registration or filing with, any Official Body or any other Person is necessary to authorize or permit under any Law in connection with the execution, delivery and carrying out of this Amendment by the Borrower.

 

(d)                                 Immediately before and immediately after giving effect to this Amendment, the representations and warranties of each Loan Party set forth in the Loan Documents to which it is a party shall be true and correct in all material respects on and as of the Amendment Effective Date, with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date).

 

(e)                                  Immediately before and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

 

Section 3.                                           Conditions to Effectiveness of Section 1.  This Amendment shall become effective on the date (the “Amendment Effective Date”) on which the following conditions are satisfied or waived:

 

(a)                                 the Agent shall have received from (i) the Required Lenders and (ii) the Borrower a duly executed counterpart of this Amendment signed on behalf of such party and, in the case of the Borrower, on behalf of the other Loan Parties (which may include facsimile or other electronic transmission of a signed signature page of this Amendment).

 

 

(b)                                 on and as of the Amendment Effective Date, both immediately before and immediately after giving effect to the effectiveness of this Amendment, the representations and warranties of the Borrower set forth in Section 2 hereof shall be true and correct in all material respects.

 

Section 4.                                           Counterparts.  This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

 

Section 5.                                           Governing Law.  THIS AMENDMENT SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAW OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS CONFLICT OF LAWS PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF ANY OTHER LAW AND (TO THE EXTENT APPLICABLE) THE BANKRUPTCY CODE.

 

Section 6.                                           Headings.  The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

Section 7.                                           Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agent under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  The Borrower, on behalf of each Loan Party, confirms and agrees that the Liens granted pursuant to the Interim Order, the Final Order and the Collateral Documents shall continue without any diminution thereof and shall remain in full force and effect on and after the date hereof.  For the avoidance of doubt, on and after the Amendment Effective Date, this Amendment shall for all purposes constitute a Loan Document.

 

[Signature pages follow]

 

 

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

 

	
 
    	
ARCH COAL, INC., on behalf of the Loan   Parties
    
	
 
    	
 
    
	
 
    	
By:  
    	
/s/ Robert G. Jones
    
	
 
    	
 
    	
Name:
    	
Robert   G. Jones
    
	
 
    	
 
    	
Title:
    	
Senior   Vice President — Law, General Counsel
    
	
 
    	
 
    	
 
    	
and Secretary

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