Document:

Exhibit 4.50

 

SHARE REPURCHASE AGREEMENT

 

This Share Repurchase Agreement (this “Agreement”) is made as of June 20, 2012 by and between Ku6 Media Co., Ltd., a Cayman Islands company (the “Company”) and Kumella Holdings Limited (“Kumella”), a British Virgin Islands company and several individuals listed in Schedule I (together with Kumella, collectively the “Seller”).  The Seller and the Company are hereinafter collectively referred to as the “parties” and each individually as a “party.”

 

W  I  T  N  E  S  S  E  T  H :

 

WHEREAS, the Seller desires to surrender to the Company, and the Company desires to repurchase from the Seller, a certain number of Shares (as defined below) and ADSs (as defined below), pursuant to the terms and subject to the conditions set forth in this Agreement.

 

NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreements contained herein and intending to be legally bound hereby, the parties hereto agree to as follows:

 

ARTICLE 1
  DEFINITIONS

 

Section 1.01.  Definitions.  As used herein, the following terms have the following meanings:

 

“Business Day” means a day, other than Saturday, Sunday or other day on which commercial banks in New York are authorized or required by applicable law to close.

 

“Shares” means ordinary shares of the Company, par value US$0.00005 per share.

 

“ADSs” means outstanding American Depositary Shares, each representing 100 ordinary shares with a par value of US$0.00005 per share issued by the Company.

 

ARTICLE 2
  REPURCHASE

 

Section 2.01.  Repurchase of Shares.  Subject to the terms and conditions of this Agreement, the Company agrees to repurchase from the Seller at the Closing and the Seller agrees to surrender to the Company at the Closing 269,409,276 Shares at a repurchase price of US$0.0291 per Share and 79,717 ADSs at a repurchase price of US$2.91 per share of ADSs listed in Schedule II.

 

1

 

The Shares and ADSs repurchased by the Company pursuant to this Agreement shall be hereinafter referred to as the “Repurchased Shares”.  The total repurchase price for the Repurchased Shares shall be hereinafter referred to as the “Repurchase Price”.

 

Section 2.02.  Closing.  The closing (the “Closing”) of the repurchase of the Repurchased Shares hereunder shall take place at Building 6, Zhengtongchuangyi Centre, No 18, Xibahe Xili, Chaoyang District, Beijing 100028, PRC as soon as possible but no later than July 31, 2012.  The date on which the Closing occurs, as may be mutually agreed by the parties, is hereinafter referred to as the “Closing Date”. The obligations of the Company and the Seller to consummate the Closing are subject to the satisfaction of the following conditions:

 

a.              No Applicable Law shall prohibit the consummation of the Closing.

 

b.              The shareholders of the Company shall have approved the Company to repurchase the Repurchased Shares at a duly convened shareholders’ meeting of the Company pursuant to the requirements of the memorandum and articles of the Company.

 

Section 2.03. Deliveries by the Seller.  At the Closing, the Company shall pay to the Seller the Repurchase Price in immediately available funds by wire transfer to the below account:

 

Account Name: KUMELLA HOLDINGS LIMITED

Bank: Standard Chartered Bank (HK) Ltd

Account Number: ########### (USD)

Swift: SCBLHKHHXXX

Bank Address: 13/F, Standard Chartered Bank Building, 4-4A Des Voeux Road, Central, Hong Kong

 

ARTICLE 3
  REPRESENTATIONS AND WARRANTIES OF THE SELLER

 

The Seller represents and warrants to the Company as of the date hereof that:

 

Section 3.01.  Corporate Existence and Power.  Kumella is a company duly incorporated, validly existing and in good standing under the laws of British Virgin Islands and has all corporate powers and all material governmental licenses, authorizations, permits, consents and approvals required to carry on its business as now conducted.

 

2

 

Section 3.02.  Corporate Authorization.  The execution, delivery and performance by Kumella of this Agreement and the consummation of the transactions contemplated hereby are within the corporate powers of Kumella and have been duly authorized by all necessary corporate action on the part of Kumella.  This Agreement has been duly executed and delivered by the Seller and constitutes a legal, valid and binding agreement of the Seller, enforceable against it in accordance with the terms hereof and thereof, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally.

 

Section 3.03.  Governmental Authorization.  The execution, delivery and performance by the Seller of this Agreement and the consummation of the transactions contemplated hereby require no approval or action by or filing with or notice to any governmental authority, except for the filing by the Seller with competent administration of foreign exchange with respect to the transactions contemplated hereby.

 

Section 3.04.  Noncontravention.  The execution, delivery and performance by the Seller of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) violate the organizational documents of Kumella, (ii) violate any applicable law, government order, decree or judgment or (iii) require any consent or other action by any person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right or obligation of the Seller.

 

Section 3.05.  Valid Issuance of Repurchased Shares.  At the Closing, the Company will acquire good and valid title to the Repurchased Shares, which, when issued, sold and delivered in accordance with the terms hereof for the consideration expressed herein, will be duly and validly issued, fully paid and nonassessable and free of restrictions on transfer.

 

Section 3.06. Litigation.  There is no action, suit, investigation or proceeding pending against or, to the knowledge of the Seller, threatened against or affecting the Seller before any arbitrator or any governmental authority which in any manner challenges or seeks to prevent, enjoin, alter or materially delay the transactions contemplated by this Agreement.

 

Section 3.07. Big Boy Provision.

 

(a)                                 The Seller understands and acknowledges that the Company has access to (and may be or are in possession of) information about the Company and the Repurchased Shares (which may include material, non-public information) that may be or is material and superior to the information available to the Seller, that the Seller does not have such access to such information, and that the Seller has specifically requested that the Company does not share any such information with the Seller. The Seller acknowledges that it is surrendering the Repurchased Shares to the Company without any reliance on the Company or its representatives, that the repurchase has not been solicited by the Company, and that this transaction has been entered into at the Seller’s initiative based on its current investment strategies.

 

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(b)                       The Seller represents to the Company that it, together with its professional advisers, is a sophisticated investor with respect to the Repurchased Shares and the Company, and is capable of evaluating the risks associated with a transaction involving the Repurchased Shares and the Company, including the risk of transacting on the basis of inferior information, and that the Seller is capable of sustaining any loss resulting therefrom without material injury.  The Seller recognizes that it believes that the Repurchased Shares are worth significantly more than the repurchase price, but the Seller acknowledges that it would surrender them, and have been actively seeking to sell them, on the proposed terms to any willing seller at this time.

 

(c)                        The Seller acknowledges and agrees that, except for payment of the Repurchase Price for the Repurchased Shares, the Company will not have any liability arising from this transaction, including any liability under the securities or other laws, rules and regulations.

 

(d)                       The Seller also specifically acknowledges that the Company would not enter into this transaction in the absence of the Seller’s representations and acknowledgments set out under this Section 3.07, and that this Section 3.07, including such representations and acknowledgments, are a fundamental inducement to the Company, and a substantial portion of the consideration provided by the Company, in this transaction, and that the Company would not enter into this transaction but for this inducement.

 

ARTICLE 4

 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

The Company represents and warrants to the Seller as of the date hereof that:

 

Section 4.01. The Company has all the necessary authorization and capacity, to enter into and to perform its obligations under this Agreement.  This Agreement constitutes a legal, valid and binding obligation of the Company, enforceable against it in accordance with its terms.

 

Section 4.02. Noncontravention.  The execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby do not and will not (i) violate the organizational documents of the Company, (ii) violate any applicable law, government order, decree or judgment or (iii) require any consent or other action by any person under, constitute a default under, or give rise to any right of termination, cancellation or acceleration of any right or obligation of the Company.

 

4

 

Section 4.03. Governmental Authorization.  The execution, delivery and performance by the Company of this Agreement and the consummation of the transactions contemplated hereby require no approval or action by or filing with or notice to any governmental authority.

 

Section 4.04. Litigation.  There is no action, suit, investigation or proceeding pending against or, to the knowledge of the Company, threatened against or affecting the Company before any arbitrator or any governmental authority which in any manner challenges or seeks to prevent, enjoin, alter or materially delay the transactions contemplated by this Agreement subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally.

 

ARTICLE 5
  CONDITIONS TO CLOSING

 

Section 5.01. Conditions to Obligation of the Company.  The obligation of the Company to consummate the Closing is subject to the satisfaction of the following further condition:

 

(a)                       Representations and Warranties. All representations and warranties of the Seller contained in Article 3 shall be true and accurate as of the date of this Agreement and as of the Closing Date as though newly made on and as of the Closing Date.

 

ARTICLE 6
  MISCELLANEOUS

 

Section 6.01.  Termination. This Agreement may be terminated at any time prior to the Closing by mutual written agreement of the Company and the Seller.

 

Section 6.02.  Governing Law.  This Agreement shall be governed by and construed in accordance with the law of New York, without regard to the conflicts of law rules of such jurisdiction.

 

Section 6.03.  Counterparts; Effectiveness.  This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.  This Agreement shall become effective when each party hereto shall have received a counterpart hereof signed by the other party hereto.  Until and unless each party has received a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other communication).

 

5

 

Section 6.04.  Entire Agreement.  This Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Agreement and supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter of this Agreement.

 

6

 

IN WITNESS WHEREOF, this Agreement has been duly executed by or on behalf of each of the parties hereto as of the day first above written.

 

 

	
 
    	
Ku6   Media Co., Ltd.
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Yu Shi
    
	
 
    	
 
    	
Name:
    	
Yu Shi
    
	
 
    	
 
    	
Title:
    	
Chief Executive   Officer
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
Kumella   Holdings Limited
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Shanyou Li
    
	
 
    	
 
    	
Name:
    	
Shanyou Li
    
	
 
    	
 
    	
Title:
    	
Director
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
Shanyou Li
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Shanyou Li
    
	
 
    	
 
    
	
 
    	
Xingye   Zeng
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Xingye Zeng
    
	
 
    	
 
    
	
 
    	
Zhizhong   Hao
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Zhizhong Hao
    

 

7

 

Schedule I

 

	
Name of the Seller
    	
 
    	
ID number
    	
 
    
	
Shanyou Li
    	
 
    	
##################
    	
 
    
	
Xingye Zeng
    	
 
    	
##################
    	
 
    
	
Zhizhong Hao
    	
 
    	
##################
    	
 
    

 

8

 

Schedule II

 

	
Seller
    	
 
    	
Form of the Shares
    	
 
    	
Number
    	
 
    
	
Kumella Holdings Limited
    	
 
    	
Ordinary Shares
    	
 
    	
257,106,176
    	
 
    
	
Shanyou Li
    	
 
    	
Ordinary Shares
    	
 
    	
8,999,200
    	
 
    
	
 
    	
 
    	
ADRs
    	
 
    	
79,717
    	
 
    
	
Xingye Zeng
    	
 
    	
Ordinary Shares
    	
 
    	
1,028,400
    	
 
    
	
Zhizhong Hao
    	
 
    	
Ordinary Shares
    	
 
    	
2,275,500
    	
 
    

 

9Exhibit 10.1

 

FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of April 18, 2013, is made by and among RHINO ENERGY LLC, a Delaware limited liability company (“Borrower”), EACH OF THE GUARANTORS (as hereinafter defined), the LENDERS PARTY HERETO, and PNC BANK, NATIONAL ASSOCIATION, in its capacity as administrative agent for the Lenders under this Agreement (hereinafter referred to in such capacity as “Administrative Agent”).

 

WITNESSETH:

 

WHEREAS, Borrower, Guarantors (as defined therein), Lenders (as defined therein) and Administrative Agent are parties to that certain Amended and Restated Credit Agreement, dated as of July 29, 2011 (as the same may be further amended, modified or supplemented from time to time, the “Credit Agreement”);

 

WHEREAS, capitalized terms used herein and not otherwise defined herein and defined in the Credit Agreement shall have the meanings assigned to them in the Credit Agreement;

 

WHEREAS, the Borrower wishes to make certain changes to certain covenants contained in the Credit Agreement;

 

WHEREAS, the Loan Parties now request that Required Lenders agree to consent to the amendments to the Credit Agreement set forth herein; and Required Lenders are willing to accommodate the request of the Loan Parties, subject to and on the terms and conditions set forth herein.

 

NOW, THEREFORE, the parties hereto, in consideration of their mutual covenants and agreements hereinafter set forth, and intending to be legally bound hereby, covenant and agree as follows:

 

1.                                      The following amendments shall become effective upon the First Amendment Effective Date:

 

(a)                                 Section 1.1 [Certain Definitions] of the Credit Agreement shall be amended to insert the following new definitions in the appropriate alphabetical order therein:

 

“First Amendment shall mean that certain First Amendment to Credit Agreement, dated as of April 18, 2013, among Borrower, Guarantors, Lenders party thereto and Administrative Agent.”

 

“First Amendment Effective Date shall mean the date that each of the conditions set forth in Section 2 of the First Amendment has been satisfied to the satisfaction of the Administrative Agent.”

 

 

(b)                                 Amendment of Section 8.2.4 [Loans and Investments].  Subsection (v) of Section 8.2.4 of the Credit Agreement shall be amended and restated in its entirety as follows:

 

“(v)                           investments (including any investments in the Excluded Subsidiaries) not otherwise permitted by this Section 8.2.4 in an aggregate amount not to exceed $40,000,000 at anytime outstanding, provided that investments in the MLP are specifically excluded; and”

 

(c)                                  Amendment of Section 8.2.17 [Maximum Leverage Ratio].  Section 8.2.17 of the Credit Agreement shall be amended and restated in its entirety as follows:

 

“8.2.17 Maximum Leverage Ratio.  The Loan Parties shall not at any time permit the Leverage Ratio, calculated as of the end of each fiscal quarter, to exceed the ratio set forth below for the periods specified below as at the end of each such fiscal quarter:

 

	
Period
    	
 
    	
Ratio
    	
 
    
	
From April 1, 2013   through March 31, 2015
    	
 
    	
3.75 to 1.00
    	
 
    
	
From April 1, 2015   through September 30, 2015
    	
 
    	
3.50 to 1.00
    	
 
    
	
From October 1,   2015 through December 31, 2015
    	
 
    	
3.25 to 1.00
    	
 
    
	
For each fiscal quarter   thereafter
    	
 
    	
3.00 to 1.00”
    	
 
    

 

(d)                                 Schedules.  Schedule 1.1(A) — Pricing Grid, of the Credit Agreement shall be amended and restated in its entirety as set forth in Schedule 1.1(A) to this Amendment.

 

2.                                      Conditions to the First Amendment Effective Date.  The amendments and agreements set forth in this Amendment shall become effective upon the date that each of the following conditions has been satisfied to the satisfaction of the Administrative Agent:

 

(a)                                 Execution and Delivery of Amendment.  The Borrower, the other Loan Parties, the Required Lenders, and the Administrative Agent shall have executed this Amendment, and all other documentation necessary for effectiveness of this Amendment shall have been executed and delivered all to the satisfaction of the Borrower, the Required Lenders and the Administrative Agent.

 

(b)                                 Officer’s Certificate.  There shall be delivered to the Administrative Agent a certificate of the Loan Parties, dated as of the First Amendment Effective Date and signed by the Chief Executive Officer, President, Vice President or Chief Financial Officer of each Loan Party in their capacity as such, certifying that:  (i) the representations and warranties of the Borrower contained in Article 6 of the Credit Agreement shall be true and accurate on and as of the First Amendment Effective Date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which relate solely to an earlier date or time, which representations and warranties shall be true and

 

2

 

correct on and as of the specific dates or times referred to therein); (ii) the Loan Parties shall have performed and complied with all covenants and conditions of the Credit Agreement and this Amendment; and (iii) no Event of Default or Potential Default under the Credit Agreement shall have occurred and be continuing or shall exist.

 

(c)                                  Representations and Warranties; No Event of Default.  The representations and warranties contained in Article 6 of the Credit Agreement and Section 3 of this Amendment, and of each Loan Party in each of the other Loan Documents, are true and correct on and as of the First Amendment Effective Date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which relate solely to an earlier date or time, which representations and warranties were true and correct on and as of the specific dates or times referred to therein), each of the Loan Parties has performed and complied with all covenants and conditions hereof and thereof, and no Event of Default or Potential Default has occurred and is continuing or exists as of the First Amendment Effective Date; and by its execution and delivery of this Amendment, the Borrower and each other Loan Party certifies to each such effect.

 

(d)                                 Payment of Fees.  The Borrower has paid, or caused to be paid, (i) all fees, costs and expenses payable to the Administrative Agent or for which the Administrative Agent is entitled to be reimbursed, to the extent invoiced, including but not limited to the reasonable fees and expenses of the Administrative Agent’s legal counsel, and (ii) all fees set forth in that certain fee letter dated April 2, 2013 by and between the Administrative Agent and the Borrower.

 

(e)                                  Consents.  All material consents required to effectuate the transactions contemplated to occur on the First Amendment Effective Date have been obtained.

 

(f)                                   Legal Details.  All legal details and proceedings in connection with the transactions contemplated by this Amendment are in form and substance satisfactory to the Administrative Agent and counsel for the Administrative Agent, and the Administrative Agent has received all such other counterpart originals or certified or other copies of such documents and proceedings in connection with such transactions, in form and substance satisfactory to the Administrative Agent and its counsel, as the Administrative Agent or its counsel may reasonably request.

 

3.                                      Representations and Warranties.  By its execution and delivery of this Amendment to Administrative Agent, Borrower and each of the other Loan Parties represents and warrants to Administrative Agent and Lenders as follows:

 

(a)                                 Authorization, Etc.  Each Loan Party has duly authorized, executed and delivered this Amendment.

 

(b)                                 Material Adverse Change.  After giving effect to this Amendment, no Material Adverse Change shall have occurred with respect to Borrower or any of the other Loan Parties since the Closing Date of the Credit Agreement.

 

3

 

(c)                                  Litigation.  After giving effect to this Amendment, there are no actions, suits, investigations, litigation or governmental proceedings pending or, to Borrower’s or any other Loan Party’s knowledge, threatened against any of the Loan Parties that could reasonably be expected to result in a Material Adverse Change.

 

(d)                                 Organizational Documents Not Amended.  As of the date hereof, the organizational documents of such Loan Party have not been amended or modified since copies thereof were previously delivered to Administrative Agent.

 

4.                                      Miscellaneous.

 

(a)                                 Full Force and Effect.  All provisions of the Credit Agreement and the other Loan Documents remain in full force and effect on and after the date of this Amendment except as expressly amended hereby.  The parties do not amend any provisions of the Credit Agreement or any other Loan Document except as expressly amended hereby.

 

(b)                                 Counterparts.  This Amendment may be signed in counterparts (by facsimile transmission or otherwise), but all of which together shall constitute one and the same instrument.

 

(c)                                  Incorporation into Credit Agreement.  This Amendment shall be incorporated into the Credit Agreement by this reference.  All representations, warranties, Events of Default and covenants set forth herein shall be a part of the Credit Agreement as if originally contained therein.

 

(d)                                 Governing Law.  This Amendment shall be deemed to be a contract under the Laws of the Commonwealth of Pennsylvania and for all purposes shall be governed by and construed and enforced in accordance with the internal laws of the Commonwealth of Pennsylvania without regard to its conflict of laws principles.

 

(e)                                  No Novation.  Except as amended hereby, all of the terms and conditions of the Credit Agreement and the other Loan Documents shall remain in full force and effect.  Borrower, the other Loan Parties, each Lender, and Administrative Agent acknowledge and agree that this Amendment is not intended to constitute, nor does it constitute, a novation, interruption, suspension of continuity, satisfaction, discharge or termination of the obligations, loans, liabilities or indebtedness under the Credit Agreement or the other Loan Documents.

 

[SIGNATURE PAGE FOLLOWS]

 

4

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

IN WITNESS WHEREOF, the parties hereto, by their officers thereunto duly authorized, have executed this Amendment as of the day and year first above written.

 

BORROWER:

 

	
ATTEST:
    	
 
    	
RHINO   ENERGY LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Whitney Kegley
    	
 
    	
By:
    	
/s/   Richard A. Boone
    	
(SEAL)
    
	
Name:
    	
Whitney Kegley
    	
 
    	
Name:
    	
Richard   A. Boone
    
	
Title
    	
General Counsel
    	
 
    	
Title:
    	
Senior   Vice President and Chief Financial Officer
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

GUARANTORS:

 

	
 
    	
BUCK   COAL, INC.
    
	
 
    	
CAM   AIRCRAFT LLC
    
	
 
    	
CAM-BB LLC
    
	
 
    	
CAM COAL TRADING LLC
    
	
 
    	
CAM-COLORADO LLC
    
	
 
    	
CAM-KENTUCKY   REAL ESTATE LLC
    
	
 
    	
CAM   MINING LLC
    
	
 
    	
CAM-OHIO   REAL ESTATE LLC
    
	
 
    	
CASTLE   VALLEY MINING LLC
    
	
 
    	
CLINTON   STONE LLC
    
	
 
    	
DEANE   MINING LLC
    
	
 
    	
HOPEDALE   MINING LLC
    
	
 
    	
LEESVILLE   LAND, LLC
    
	
 
    	
MCCLANE   CANYON MINING LLC
    
	
 
    	
RAM   PROCESSING, INC.
    
	
 
    	
RESERVE   HOLDINGS LLC
    
	
 
    	
RHINO   COALFIELD SERVICES LLC
    
	
 
    	
RHINO   EXPLORATION LLC
    
	
 
    	
RHINO   NORTHERN HOLDINGS LLC
    
	
 
    	
RHINO   OILFIELD SERVICES LLC
    
	
 
    	
RHINO   SERVICES LLC
    
	
 
    	
RHINO   TECHNOLOGIES LLC
    
	
 
    	
RHINO   TRUCKING LLC
    
	
 
    	
SANDS   HILL MINING LLC
    
	
 
    	
SPRINGDALE   LAND, LLC
    
	
 
    	
TAYLORVILLE   MINING LLC
    
	
 
    	
THE   ELK HORN COAL COMPANY, LLC
    
	
 
    	
THE   ELK HORN CORPORATION
    
	
 
    	
TRIAD   ROOF SUPPORT SYSTEMS LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Richard A Boone
    
	
 
    	
Name:
    	
Richard A. Boone
    
	
 
    	
Title:
    	
Senior   Vice President and Chief Financial Officer of each Guarantor listed above on   behalf of each such Guarantor
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
RHINO   RESOURCE PARTNERS LP
    
	
 
    	
 
    
	
 
    	
By:
    	
Rhino   GP LLC, its general partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Richard A. Boone
    
	
 
    	
Name:
    	
Richard A. Boone
    
	
 
    	
Title:
    	
Vice President and Chief Financial Officer
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
PNC   BANK, NATIONAL ASSOCIATION, individually and as   Administrative Agent
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Joel D. Pokorney
    
	
 
    	
Name:
    	
Joel   D. Pokorney
    
	
 
    	
Title:
    	
Assistant   Vice President
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

	
 
    	
UNION   BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Richard G. Reeves
    
	
 
    	
Name:
    	
Richard   G. Reeves
    
	
 
    	
Title:
    	
Senior   Vice President – Mining & Minerals
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
RAYMOND   JAMES BANK, N.A.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Scott G. Axelrod
    
	
 
    	
Name:
    	
Scott   G. Axelrod
    
	
 
    	
Title:
    	
Vice   President
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
THE HUNTINGTON NATIONAL BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Joshua D. Elsea
    
	
 
    	
Name:
    	
Joshua D. Elsea
    
	
 
    	
Title:
    	
Vice President, Large Corporate Banking
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
FIFTH THIRD BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Mary-Alicha Weldon
    
	
 
    	
Name:
    	
Mary-Alicha Weldon
    
	
 
    	
Title:
    	
Vice President
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
ROYAL BANK OF CANADA
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Frank Lambrinos
    
	
 
    	
Name:
    	
Frank Lambrinos
    
	
 
    	
Title:
    	
Authorized Signatory
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
BRANCH BANKING AND TRUST   COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Troy R. Weaver
    
	
 
    	
Name:
    	
Troy R. Weaver
    
	
 
    	
Title:
    	
Senior Vice President
    

 

 

[SIGNATURE PAGE — FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	
 
    	
FIRST COMMONWEALTH BANK
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Stephen J. Orban
    
	
 
    	
Name:
    	
Stephen J. Orban
    
	
 
    	
Title:
    	
Senior Vice President
    

 

 

SCHEDULE 1.1(A)

PRICING GRID —

VARIABLE PRICING AND FEES BASED ON LEVERAGE RATIO

 

	
Level
    	
 
    	
Leverage Ratio
    	
 
    	
Commitment
   Fee
    	
 
    	
Letter of
   Credit
   Fee
    	
 
    	
Revolving
   Credit Base
   Rate Spread
    	
 
    	
Revolving
   Credit LIBOR
   Rate Spread
    	
 
    
	
I
    	
 
    	
Less than 1.50 to 1.00
    	
 
    	
0.375
    	
%
    	
2.50
    	
%
    	
1.50
    	
%
    	
2.50
    	
%
    
	
II
    	
 
    	
Greater than or equal to 1.50 to 1.00 but less   than 2.00 to 1.00
    	
 
    	
0.375
    	
%
    	
2.75
    	
%
    	
1.75
    	
%
    	
2.75
    	
%
    
	
III
    	
 
    	
Greater than or equal to 2.00 to 1.00 but less   than 2.50 to 1.00
    	
 
    	
0.50
    	
%
    	
3.00
    	
%
    	
2.00
    	
%
    	
3.00
    	
%
    
	
IV
    	
 
    	
Greater than or equal to 2.50 to 1.00 but less   than 3.00 to 1.00
    	
 
    	
0.50
    	
%
    	
3.25
    	
%
    	
2.25
    	
%
    	
3.25
    	
%
    
	
V
    	
 
    	
Greater than or equal to 3.00 to 1.00
    	
 
    	
0.50
    	
%
    	
3.50
    	
%
    	
2.50
    	
%
    	
3.50
    	
%
    

 

For purposes of determining the Applicable Margin, the Applicable Commitment Fee Rate and the Applicable Letter of Credit Fee Rate:

 

(a)                                 The Applicable Margin, the Applicable Commitment Fee Rate and the Applicable Letter of Credit Fee Rate shall be recomputed as of the end of each fiscal quarter ending after the Closing Date based on the Leverage Ratio as of such quarter end.  Any increase or decrease in the Applicable Margin, the Applicable Commitment Fee Rate or the Applicable Letter of Credit Fee Rate computed as of a quarter end shall be effective on the date on which the Compliance Certificate evidencing such computation is due to be delivered under Section 8.3.3 [Certificate of Borrower].  If a Compliance Certificate is not delivered when due in accordance with such Section 8.3.3, then the rates in Level V shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and shall remain in effect until the date on which such Compliance Certificate is delivered.

 

 

(b)                                 If, as a result of any restatement of or other adjustment to the financial statements of the Borrower or for any other reason, the Borrower or the Lenders determine that (i) the Leverage Ratio as calculated by the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent, any Lender or the Issuing Lender), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period.  This paragraph shall not limit the rights of the Administrative Agent, any Lender or the Issuing Lender, as the case may be, under Section 2.9 [Letter of Credit Subfacility] or 4.3 [Interest After Default] or 9 [Default].  The Borrower’s obligations under this paragraph shall survive the termination of the Commitments and the repayment of all other Obligations hereunder.

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