Document:

Fifth Amendment to Amended and Restated Receivables Purchase Agreement

 Exhibit 10.5 
 EXECUTION COPY 
 [CONSOL] 
 FIFTH AMENDMENT TO AMENDED AND RESTATED 
 RECEIVABLES PURCHASE AGREEMENT AND WAIVER 
 THIS FIFTH AMENDMENT TO AMENDED AND
RESTATED RECEIVABLES PURCHASE AGREEMENT AND WAIVER (this “Amendment”), dated as of March 12, 2010, is entered into among CNX FUNDING CORPORATION, (the “Seller”), CONSOL ENERGY INC. (“CONSOL
Energy”), as the initial Servicer (in such capacity, the “Servicer”), the various Sub-Servicers listed on the signature pages hereto, the Conduit Purchasers listed on the signature pages hereto, the Purchaser Agents listed
on the signature pages hereto, the LC Participants listed on the signature pages hereto and PNC BANK, NATIONAL ASSOCIATION, as Administrator (in such capacity, the “Administrator”) and as LC Bank (in such capacity, the “LC
Bank”). 
 RECITALS 
 1. Reference is made to that certain Amended and Restated Receivables Purchase Agreement, dated as of April 30, 2007 (as amended, restated, supplemented or otherwise modified, the
“Agreement”) by and among the Seller, the Servicer, the various Sub-Servicers, Conduit Purchasers, Purchaser Agents and LC Participants party thereto, the Administrator and the LC Bank; 
 2. The Seller, the Servicer, CONSOL Energy and the Originators have informed the Administrator, the LC Bank and the Majority LC Participants
and each Conduit Purchaser (each, a “Waiving Party” and collectively, the “Waiving Parties”) that on June 27, 2007, the Originators entered into the Amended and Restated Credit Agreement (as defined in this
Amendment), thereby breaching the Originators’ covenant set forth in Section 6.3(h) of the Sale Agreement to not enter into agreements that restrict the Originators’ rights to amend, supplement, amend and restate or otherwise
modify the Sale Agreement and the other Transaction Documents (such failure to comply with such covenant, the “Subject Event”). The Subject Event constitutes both a Purchase and Sale Termination Event under
Section 8.1(d) of the Sale Agreement and a Termination Event under clause (a)(i) of Exhibit V of the Receivables Purchase Agreement (such Purchase and Sale Termination Event and Termination Event, solely to the extent
arising from the Subject Event, together with any other Purchase and Sale Termination Events, Unmatured Purchase and Sale Termination Events, Termination Events and Unmatured Termination Events, if any, and solely to the extent arising from the
Subject Event, each a “Subject Termination Event” and collectively, the “Subject Termination Events”); 
 3. The Seller, the Servicer, CONSOL Energy and the Originators have requested the Waiving Parties to waive the occurrence of the Subject Termination Events; and 
 4. The parties hereto desire to amend the Agreement as hereinafter set forth. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows: 

 SECTION 1. Certain Defined Terms. Capitalized terms that are used but not
defined herein shall have the meanings set forth in the Agreement. 
 SECTION 2. Amendments to the Agreement.

 2.1 The definition of “Amended and Restated Credit Agreement” set forth in Exhibit I to the Agreement is
hereby amended and restated in its entirety as follows: 
 “Amended and Restated Credit
Agreement” means that certain Amended and Restated Credit Agreement, dated as of June 27, 2007, by and among the Originators, the other guarantors party thereto, PNC, as co-administrative agent and each of the other agents and lenders
party thereto, as such agreement may be amended, restated, supplemented or otherwise modified from time to time. 
 2.2
Clause (k) of Exhibit V to the Agreement is hereby amended and restated in its entirety as follows: 
 (k) (i) CONSOL Energy or any Originator shall fail to pay any principal of or premium or interest on any of its Debt that is outstanding in a principal amount of at least $25,000,000 in the aggregate when the same becomes due and payable
(whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement, mortgage, indenture or instrument relating to such Debt
(and shall have not been waived); or (ii) any other default, breach, termination or similar condition or event (however defined) shall occur or exist under any agreement, mortgage, indenture or instrument relating to any such Debt and shall
continue after the applicable grace period, if any, specified in such agreement, mortgage, indenture or instrument (and shall have not been waived), if (a) the effect of such default, breach, termination or similar condition or event is to give
the applicable debtholders the right (whether acted upon or not) to accelerate the maturity of such Debt, or (b) any such Debt shall be declared to be due and payable, or required to be prepaid (other than by a regularly scheduled required
prepayment), redeemed, purchased or defeased, or an offer to repay, redeem, purchase or defease such Debt shall be required to be made, in each case before the stated maturity thereof; or 
 SECTION 3. Waiver. 
 (a) On the terms and subject to the conditions set forth herein, the Waiving Parties hereby waive the occurrence of the Subject Termination Events. 
 (b) Notwithstanding anything to the contrary herein or in any Transaction Document, by executing this waiver under this Amendment, none of
the Waiving Parties is now waiving, nor has any Waiving Party agreed to waive in the future, any Purchase and Sale Termination Event or any Termination Event or the breach of (or any rights and remedies related to the breach of) any provisions of
the Agreement or any other Transaction Document other than the Subject Termination Events as strictly described herein. Without limiting the generality of the foregoing, none of the Waiving Parties is now waiving, nor has any Waiving Party agreed to

  

 - 2 - 

 
waive in the future, any Purchase and Sale Termination Event or Termination Event with respect to the Originator’s failure to comply with the covenant set forth in Section 6.3(h)
of the Sale Agreement other than the as strictly described herein with respect to the Amended and Restated Credit Agreement (as defined below and as amended through the date hereof). Each of the Waiving Parties hereby specifically reserves any and
all rights, remedies and claims it has with respect to any other Purchase and Sale Termination Event, Unmatured Purchase and Sale Termination Event, Termination Event or Unmatured Termination Event (other than the Subject Termination Events as
strictly described herein) that may occur at any time. Each Waiving Party expressly reserves any and all rights, claims and remedies that it has or may have against the Seller, the Servicer, CONSOL Energy, the Originators or any other Person under
the Agreement, any other Transaction Document, any applicable law or otherwise. 
 SECTION 4. Representations and
Warranties. Each of the Seller, CONSOL Energy, the Servicer and the Sub-Servicers hereby represents and warrants to the Administrator, the Purchaser Agents and the Purchasers as follows: 
 (a) Representations and Warranties. The representations and warranties made by it in the Transaction Documents are true and correct
as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such earlier date). 
 (b) Enforceability. The execution and delivery by such Person of this Amendment, and the performance of each of its obligations under this Amendment and the Agreement, as amended hereby, are within
each of its corporate powers and have been duly authorized by all necessary corporate action on its part. This Amendment and the Agreement, as amended hereby, are such Person’s valid and legally binding obligations, enforceable in accordance
with its terms. 
 (c) No Default. Both before and immediately after giving effect to this Amendment and the transactions
contemplated hereby, no Termination Event or Unmatured Termination Event (other than the Subject Termination Events) exists or shall exist. 
 SECTION 5. Effect of Amendment. All provisions of the Agreement, as expressly amended and modified by this Amendment, shall remain in full force and effect. After this Amendment becomes
effective, all references in the Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Agreement shall be deemed to be references to the
Agreement as amended by this Amendment. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Agreement other than as set forth herein. 
 SECTION 6. Effectiveness. This Amendment shall become effective as of the date hereof (the “Effective Date”)
upon satisfaction of each of the following conditions precedent, each in form and substance satisfactory to the Administrator: 
 (a) receipt by the Administrator of duly executed counterparts of this Amendment, in form and substance satisfactory to the Administrator; and 
 (b) receipt by the Administrator of counterparts of that certain amendment to the Sale Agreement, dated as of the date hereof, duly executed by the parties thereto. 
  

 - 3 - 

 SECTION 7. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. Delivery of an executed
counterpart of a signature page to this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 
 SECTION 8. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New York. 
 SECTION 9. Section Headings. The various headings of this Amendment are included for convenience only and shall not affect the
meaning or interpretation of this Amendment, the Agreement or any provision hereof or thereof. 
 [SIGNATURES
BEGIN ON NEXT PAGE] 
  

 - 4 - 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above. 
  

					
	 CNX FUNDING CORPORATION,
 as Seller

		
	By:	 	 /s/ Christopher C. Jones

		 	Name:	 	Christopher C. Jones
		 	Title:	 	Vice President and Secretary
	
	 CONSOL ENERGY INC.,
 as initial Servicer

		
	By:	 	 /s/ John M. Reilly

	Name:	 	John M. Reilly
	Title:	 	Vice President and Treasurer

  

					
		 	S-1	 	Fifth Amendment to A&R RPA (CONSOL)

			
	 CNX MARINE TERMINALS INC.,
 CONSOL ENERGY SALES COMPANY,
 CONSOL OF KENTUCKY INC.,
 CONSOL PENNSYLVANIA COAL COMPANY, LLC,
 FOLA COAL
COMPANY, L.L.C.,
 LITTLE EAGLE COAL COMPANY, L.L.C.,
 MON RIVER TOWING, INC., and
 TERRY EAGLE COAL COMPANY, L.L.C.,
 each as a Sub-Servicer

		
	By:	 	 /s/ John M. Reilly

	Name:	 	John M. Reilly
	Title:	 	Treasurer
	
	 CONSOLIDATION COAL COMPANY,
 EIGHTY-FOUR MINING COMPANY,
 ISLAND CREEK COAL COMPANY,
 KEYSTONE COAL MINING CORPORATION,
 MCELROY COAL
COMPANY, and
 TWIN RIVERS TOWING COMPANY,
 each as a Sub-Servicer

		
	By:	 	 /s/ Daniel S. Cangilla

	Name:	 	Daniel S. Cangilla
	Title:	 	Treasurer

  

					
		 	S-2	 	Fifth Amendment to A&R RPA (CONSOL)

			
	 MARKET STREET FUNDING LLC,
 as a Conduit Purchaser

		
	By:	 	 /s/ Doris J. Hearn

	Name:	 	Doris J. Hearn
	Title:	 	Vice President
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as Administrator and as Purchaser Agent for Market Street

		
	By:	 	 /s/ William P. Falcon

	Name:	 	William P. Falcon
	Title:	 	Vice President
	
	 PNC BANK, NATIONAL ASSOCIATION,
 as the LC Bank and as an LC Participant

		
	By:	 	 /s/ Richard Munsick

	Name:	 	Richard Munsick
	Title:	 	Senior Vice President

  

					
		 	S-3	 	Fifth Amendment to A&R RPA (CONSOL)

			
	LIBERTY STREET FUNDING LLC, as a Conduit Purchaser
		
	By:	 	 /s/ Jill A. Russo

	Name:	 	Jill A. Russo
	Title:	 	Vice President
	
	THE BANK OF NOVA SCOTIA, as Purchaser Agent for Liberty Street
		
	By:	 	 /s/ Michael Eden

	Name:	 	Michael Eden
	Title:	 	Director
	
	 THE BANK OF NOVA SCOTIA,
 as an LC Participant

		
	By:	 	 /s/ Michael Eden

	Name:	 	Michael Eden
	Title:	 	Director

  

					
		 	S-4	 	Fifth Amendment to A&R RPA (CONSOL)Third Amendment to the Purchase and Sale Agreement

 Exhibit 10.6 
 EXECUTION COPY 
 THIRD AMENDMENT TO THE PURCHASE AND SALE
AGREEMENT 
 THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”) dated as of
March 12, 2010, is entered into among CNX MARINE TERMINALS INC., CONSOL ENERGY INC. (“CONSOL Energy”), CONSOL ENERGY SALES COMPANY, CONSOL OF KENTUCKY INC., CONSOL PENNSYLVANIA COAL COMPANY LLC, CONSOLIDATION COAL COMPANY,
EIGHTY-FOUR MINING COMPANY, FOLA COAL COMPANY, L.L.C., ISLAND CREEK COAL COMPANY, KEYSTONE COAL MINING CORPORATION, LITTLE EAGLE COAL COMPANY, L.L.C., MCELROY COAL COMPANY, MON RIVER TOWING, INC., TERRY EAGLE COAL COMPANY, L.L.C. and TWIN RIVERS
TOWING COMPANY (each, an “Originator” and collectively the “Originators”) and CNX FUNDING CORPORATION (the “Company”). 
 RECITALS 
 1. Company and the Originators are parties to the Purchase and
Sale Agreement dated as of April 30, 2003 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Purchase and Sale Agreement”); 
 2. CONSOL Energy is the guarantor (in such capacity, the “Guarantor”) under that certain Guaranty and Suretyship Agreement,
dated as of April 30, 2003 (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “CONSOL Guaranty”) in favor the Company. 
 3. Each of the parties hereto desires to amend the Purchase and Sale Agreement as hereinafter set forth. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
agree as follows: 
 1. Certain Defined Terms. Capitalized terms that are used herein without definition shall
have the meanings set forth in the Purchase and Sale Agreement or, if not in the Purchase and Sale Agreement, in the Receivables Purchase Agreement (as defined in the Purchase and Sale Agreement). 
 2. Amendment to the Purchase and Sale Agreement. Clause (h) of Section 6.3 of the Purchase and Sale
Agreement is hereby amended and restated in its entirety as follows: 
 (h) Transaction Documents. Enter into, execute,
deliver or otherwise become bound by any agreement, instrument, document or other arrangement that restricts the right of such Originator to amend, supplement, amend and restate or otherwise modify, or to extend or renew, or to waive any right
under, this Agreement or any other Transaction Documents, except that the Originators may enter into (x) agreements that restrict the right of such Originators to

 
increase the Purchase Limit to an amount greater than $200,000,000 and (y) the Amended and Restated Credit Agreement; provided that the Originators shall not materially change any
restrictions existing in such agreement as of March 12, 2010, that otherwise would be prohibited by this clause (h) without the prior consent of the Administrator and the Majority Purchaser Agents. 
 3. CONSOL Guaranty. The Guarantor hereby reaffirms its obligations under the CONSOL Guaranty and each other Transaction Document to
which it is a party and confirms that its obligations under each of the foregoing continue in full force and effect. 
 4.
Representations and Warranties. Each of the Originators and the Company represents and warrants that: 
 (a) Representations and Warranties. Each representation and warranty made by it in the Purchase and Sale Agreement, as amended by this Amendment, and in the other Transaction Documents are true and correct as of the date hereof.

 (b) Enforceability. The execution and delivery by it of this Amendment, and the performance of its
obligations under this Amendment and the Purchase and Sale Agreement (as amended hereby) are within its corporate or limited liability company powers and have been duly authorized by all necessary corporate or limited liability company action on its
part. Each of this Amendment and the Purchase and Sale Agreement (as amended hereby) is its valid and legally binding obligations, enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy,
insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.

 (c) No Default. Both immediately before and immediately after giving effect to this Amendment and the
transactions contemplated hereby, no Purchase and Sale Termination Event or Unmatured Purchase and Sale Termination Event (other than the “Subject Termination Events” as defined in the RPA Amendment (as defined below)) exists or shall
exist. 
 5. Effect of Amendment. All provisions of the Purchase and Sale Agreement, as expressly amended and
modified by this Amendment, shall remain in full force and effect. After this Amendment becomes effective, all references in the Purchase and Sale Agreement (or in any other Transaction Document) to the “Purchase and Sale Agreement”, or to
“hereof”, “herein” or words of similar effect referring to the Purchase and Sale Agreement, shall be deemed to be references to the Purchase and Sale Agreement as amended by this Amendment. 
 6. Effectiveness. This Amendment shall become effective as of the date hereof (the “Effective Date”) upon
receipt by the Administrator of the following, in form and substance satisfactory to the Administrator: 
  

 2 

 (a) Counterparts of this Amendment (whether by facsimile or otherwise) duly
completed, executed and delivered by each of the parties hereto; and 
 (b) Counterparts of that certain Fifth
Amendment to Amended and Restated Receivables Purchase Agreement, dated as of the date hereof, by and among the Company, the Servicer, the Sub-Servicers, the LC Participants, the LC Bank, the Conduit Purchasers, the Purchaser Agents and the
Administrator duly completed, executed and delivered by each of the parties thereto (the “RPA Amendment”) 
 7.
Counterparts. This Amendment may be executed in any number of counterparts and by different parties on separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall
constitute but one and the same instrument. Delivery of an executed counterpart of a signature page to this Amendment by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof. 
 8. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws of the State of New
York (including for such purpose Sections 5-1401 and 5-1402 of the General Obligations Law of the State of New York). 
 9.
Section Headings. The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Purchase and Sale Agreement, any other Transaction Document or any
provision hereof or thereof. 
 [Signatures Follow] 
  

 3 

 IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written
above. 
  

							
	THE ORIGINATORS:	 		 	
		 		 	CNX MARINE TERMINALS INC.,
		 		 	CONSOL ENERGY INC.,
		 		 	CONSOL ENERGY SALES COMPANY,
		 		 	CONSOL OF KENTUCKY INC.,
		 		 	 CONSOL PENNSYLVANIA COAL COMPANY,
 LLC,

		 		 	FOLA COAL COMPANY, L.L.C.,
		 		 	LITTLE EAGLE COAL COMPANY, L.L.C.,
		 		 	MON RIVER TOWING, INC., and
		 		 	TERRY EAGLE COAL COMPANY, L.L.C.,
		 		 	each as an Originator
				
		 		 	By:	 	 /s/ John M. Reilly

		 		 	Name:	 	John M. Reilly
		 		 	Title:	 	Treasurer
			
		 		 	CONSOLIDATION COAL COMPANY,
		 		 	EIGHTY-FOUR MINING COMPANY,
		 		 	ISLAND CREEK COAL COMPANY,
		 		 	KEYSTONE COAL MINING CORPORATION,
		 		 	MCELROY COAL COMPANY, and
		 		 	TWIN RIVERS TOWING COMPANY,
		 		 	each as an Originator
				
		 		 	By:	 	 /s/ Daniel S. Cangilla

		 		 	Name:	 	Daniel S. Cangilla
		 		 	Title:	 	Treasurer

  

 S - 1 

 COMPANY: 

			
	CNX FUNDING CORPORATION,
	as Company
		
	By:	 	 /s/ Christopher C. Jones

	Name:	 	Christopher C. Jones
	Title:	 	Vice President and Secretary

 SERVICER AND
GUARANTOR: 
  

			
	CONSOL ENERGY INC.,
	as Servicer and as Guarantor
		
	By:	 	 /s/ John M. Reilly

	Name:	 	John M. Reilly
	Title:	 	Vice President and Treasurer

  

 S - 2 

 CONSENTED TO and AGREED: 

			
	PNC BANK, NATIONAL ASSOCIATION,
	as Administrator
		
	By:	 	 /s/ William Falcon

	Name:	 	William Falcon
	Title:	 	Vice President
	
	PNC BANK, NATIONAL ASSOCIATION,
	as the LC Bank and as an LC Participant
		
	By:	 	 /s/ Richard Munsick

	Name:	 	Richard Munsick
	Title:	 	Senior Vice President
	
	MARKET STREET FUNDING LLC,
	as a Conduit Purchaser
		
	By:	 	 /s/ Doris J. Hearn

		 	Name: Doris J. Hearn
		 	Title:   Vice President

  

 S - 3 

			
	THE BANK OF NOVA SCOTIA,
	as LC Participant
		
	By:	 	 /s/ Michael Eden

	Name:	 	Michael Eden
	Title:	 	Director
	
	 LIBERTY STREET FUNDING LLC,
 as a Conduit Purchaser

		
	By:	 	 /s/ Jill A. Russo

		 	Name: Jill A. Russo
		 	Title:   Vice President

  

 S - 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00170-of-00352.parquet"}]]