Document:

Exhibit 10.2 -- Seventh Amendment to Reimbursement to Credit Agreement

 Exhibit 10.2 
 SEVENTH AMENDMENT TO REIMBURSEMENT AND CREDIT AGREEMENT 
 dated and effective as of December 31,
2007 
 By and Between 
 Trex
Company, Inc. 
 and 
 JPMorgan
Chase Bank, N.A., as Issuing Bank and Administrative Agent 
 in connection with the Letter of Credit 
 securing 
 $25,000,000 
 Mississippi Business Finance Corporation 
 Variable Rate Demand Environmental Improvement Revenue Bonds 
 (Trex Company, Inc. Project), Series 2004 

 SEVENTH AMENDMENT TO REIMBURSEMENT AND CREDIT AGREEMENT 
 TABLE OF CONTENTS 
 This Table of Contents is
not a part of this Seventh Amendment to Reimbursement and Credit Agreement and is only for convenience of reference. 
  

					
	 	 	 	  	Page
	Section 1.	 	Definitions; Rules of Interpretation	  	1
			
	1.1	 	Definitions	  	1
			
	1.2	 	Rules of Interpretation	  	1
			
	Section 2.	 	Amendment of Amended Agreement	  	2
			
	2.1	 	Amendment of Section 1.01 of Amended Agreement	  	2
			
	2.2	 	Amendment of Section 2.02(a) of Amended Agreement	  	2
			
	2.3	 	Amendment of Section 6.11 of Amended Agreement	  	3
			
	2.4	 	Amendment of Section 6.12 of Amended Agreement	  	3
			
	2.5	 	Amendment of Section 6.13 of Amended Agreement	  	3
			
	2.6	 	Amendment of Section 7.03(b)(ii)(D) of Amended Agreement	  	3
			
	Section 3.	 	Representations of the Parties	  	4
			
	3.1	 	Due Organization	  	4
			
	3.2	 	Due Authorization	  	4
			
	3.3	 	No Conflict	  	4
			
	3.4	 	Further Assurances	  	4
			
	Section 4.	 	Special Representations of the Borrower	  	4
			
	4.1	 	Prior Representations and Warranties	  	4
			
	4.2	 	No Default	  	5
			
	4.3	 	Full Force and Effect	  	5
			
	4.4	 	BBT Agreement Amendment	  	5
			
	4.5	 	BBT Agreement Amendment	  	5
			
	Section 5.	 	More Favorable Covenants	  	5
			
	Section 6.	 	Miscellaneous	  	5
			
	6.1	 	Governing Law	  	5
			
	6.2	 	Execution in Counterparts	  	5
			
	6.3	 	Costs and Expenses	  	5
			
	6.4	 	Modification Fee	  	6

  

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	Section 7.	 	Waiver	  	6
			
	Section 8.	 	Effective Date	  	6

  

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 SEVENTH AMENDMENT TO REIMBURSEMENT AND CREDIT AGREEMENT 
 THIS SEVENTH AMENDMENT TO REIMBURSEMENT AND CREDIT AGREEMENT (this “Seventh Amendment”), dated and effective as of December 31, 2007 (the
“Seventh Amendment Effective Date”), between TREX COMPANY, INC., a Delaware corporation (the “Borrower”) and JPMorgan Chase Bank, N.A., as Issuing Bank (in such capacity the
“Bank”) and Administrative Agent (in such capacity the “Administrative Agent”). 
 BASIS
FOR THIS SEVENTH AMENDMENT 
 1. This Seventh Amendment is authorized by Section 11.03 of the Reimbursement and Credit Agreement
dated as of December 1, 2004, among the Borrower, the Bank and the Administrative Agent (the “Original Agreement”). The terms, conditions and provisions of the Original Agreement, as amended by the First Amendment to Reimbursement and
Credit Agreement dated July 25, 2005, among the Borrower, the Bank and the Administrative Agent (the “First Amendment”), the Second Amendment to Reimbursement and Credit Agreement dated as of and effective December 31, 2005 (the
“Second Amendment”), the Third Amendment to Reimbursement and Credit Agreement dated as of and effective November 21, 2006 (the “Third Amendment”), the Fourth Amendment to Reimbursement and Credit Agreement dated as of and
effective December 31, 2006 (the “Fourth Amendment”), the Fifth Amendment to Reimbursement and Credit Agreement dated as of June 12, 2007 and effective as of June 18, 2007 (the “Fifth Amendment”) and the Sixth
Amendment to Reimbursement and Credit Agreement dated and effective as of December 21, 2007 (the “Sixth Amendment” and together with the Original Agreement, the First Amendment, the Second Amendment, the Third Amendment, the Fourth
Amendment and the Fifth Amendment, the “Amended Agreement”) are incorporated into this Seventh Amendment by reference to the same extent and with the same force and effect as if fully stated in this Seventh Amendment. 
 2. The Borrower, the Bank and the Administrative Agent have agreed to further amendments to (a) Section 6.11 of the Original Agreement in order
to provide a new Fixed Charge Coverage Ratio, (b) Section 6.12(a) of the Original Agreement in order to provide a new ratio of Funded Net Debt to Total Consolidated Capitalization and (c) Section 6.13 of the Original Agreement in
order to provide new requirements for Consolidated Tangible Net Worth. The Bank and the Administrative Agent have also agreed to certain other consents and agreements as herein provided. 
 3. In consideration of the premises and of the mutual covenants herein contained, and for good and valuable consideration, the Bank, the Administrative
Agent and the Borrower do mutually covenant and agree, as follows: 
 Section 1. Definitions; Rules of Interpretation. 

1.1 Definitions. For purposes of this Seventh Amendment, all capitalized words and phrases not defined in this Seventh Amendment shall have the
meanings given to them in Section 1.01 of the Original Agreement. 
 1.2 Rules of Interpretation. For all purposes of the
Agreement the following shall govern, except as otherwise expressly provided for or unless the context otherwise requires: 
 (i) The “Agreement” shall mean the Amended Agreement as modified, altered, amended or supplemented by this Seventh Amendment and as it may from time to time be further modified, altered, amended or supplemented. 

 (ii) All references in this Seventh Amendment to designated “Sections” and
other subdivisions are to the designated Sections and other subdivisions of the Amended Agreement unless otherwise indicated. 
 (iii) Terms defined in this Seventh Amendment shall have the meanings prescribed for them where defined herein. 
 (iv) All accounting terms not otherwise defined in this Seventh Amendment shall have the meanings assigned to them in accordance with the Amended Agreement. 
 (v) Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders.

 (vi) Terms in the singular include the plural and vice versa. 
 (vii) The headings and the table of contents set forth in this Seventh Amendment are solely for convenience of reference and shall not
constitute a part of this Seventh Amendment nor shall they affect its meaning, construction or effect. 
 Section 2. Amendment of
Amended Agreement. 
 2.1 Amendment of Section 1.01 of the Amended Agreement. 
 (a) Section 1.01 of the Amended Agreement is hereby amended by inserting the following defined terms in the correct alphabetical order to read as
follows: 
 “Seventh Amendment Effective Date” means December 31, 2007. 

(b) The following definitions contained in Section 1.01 of the Amended Agreement are hereby amended in their entirety to read as follows:

 “BBT Agreement” means the Credit Agreement dated as of June 1, 2002 by and among the Borrower and Branch
Banking and Trust Company (f/k/a Branch Banking and Trust Company of Virginia), as amended through the date of this Seventh Amendment. 
 2.2
Amendment of Section 2.02(a) of the Amended Agreement. Section 2.02(a) of the Amended Agreement is hereby further amended to read in its entirety as follows: 
 “(a) The Borrower hereby agrees to pay to the Bank, in advance, on each Fee Payment Date beginning on January 1, 2008 until the expiration or
termination of the Letter of Credit, a nonrefundable facility fee in an amount equal to 150 

  

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basis points calculated based on the Stated Amount as of the Fee Payment Date and based on a 360 day year but charged on the actual number of days
elapsed.” 
 2.3 Amendment of Section 6.11 of Amended Agreement. Section 6.11 of the Amended Amendment is hereby
further amended to read in its entirety as follows: 
 “The Borrower will not, as of the end of any fiscal quarter, permit the Fixed
Charge Coverage Ratio to be less the following amounts for the following periods: (a) 0.75 to 1.00 for the one-quarter period ending on March 31, 2008, (b) 0.85 to 1.00 for the two-quarter period ending on June 30, 2008,
(c) 1.00 to 1.00 for the three-quarter period ending on September 30, 2008, (d) 0.60 to 1.00 for the four-quarter period ending on December 31, 2008 and (e) 1.40 to 1.00 for the four-quarter period ending on each fiscal
quarter thereafter.” 
 2.4 Amendment of Section 6.12 of Amended Agreement. Section 6.12(a) of the Amended Agreement is
hereby further amended to read in its entirety as follows: 
 “(a) The Borrower will not, as of the end of any fiscal quarter, permit the
ratio of Funded Net Debt to Total Consolidated Capitalization, as a percentage, to exceed the following amounts for the following periods: (i) 70% for the period commencing on January 1, 2008 to and including March 31, 2008,
(ii) 62.5% for the period commencing on April 1, 2008 to and including June 30, 2008, (iii) 60% for the period commencing on July 1, 2008 to and including September 30, 2008, (iv) 65% for the period commencing on
October 1, 2008 to and including December 31, 2008, (v) 60% for the period commencing on January 1, 2009 to and including March 31, 2009, and (vi) thereafter (A) 50% for each period commencing on April 1 of a
calendar year to and including September 30 of such calendar year and (B) 60% for each period commencing on October 1 of a calendar year to and including March 31 of the immediately succeeding calendar year.” 
 2.5 Amendment of Section 6.13 of Amended Agreement. Section 6.13 of the Amended Agreement is hereby amended to read in its entirety as
follows: 
 “The Borrower will at all times maintain Consolidated Tangible Net Worth at not less than the sum of (a) $85,000,000,
(b) 100% of the net proceeds of all stock issued after January 1, 2008, plus (c) 50% of Consolidated Net Income after December 31, 2007 (taken as one accounting period), but excluding from such calculation of Consolidated Net
Income for purposes of this clause (c) any quarter in which Consolidated Net Income is negative.” 
 2.6 Amendment of
Section 7.03(b)(ii)(D) of Amended Agreement. Section 7.03(b)(ii)(D) of the Amended Agreement is hereby amended to read in its entirety as follows: 
 “(D) (1) the ratio referred to in Section 6.12(a) both immediately prior to such proposed Acquisition and immediately after and giving effect to such proposed Acquisition shall be at least three
percentage points lower than the 

  

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maximum ratio required by Section 6.12(a) on the date of such proposed Acquisition (e.g., if the proposed Acquisition occurs during the period
commencing on January 1, 2009 to and including March 31, 2009, the Funded Net Debt to Total Consolidated Capitalization ratio both immediately prior to such proposed Acquisition and immediately after and giving effect to such proposed
Acquisition shall not exceed 57%) and (2) the Pro Forma Total Consolidated Debt to Consolidated EBITDA Ratio shall be at least 0.5 lower than the maximum ratio required by Section 6.12(b) on the date of the proposed Acquisition
(e.g., if the proposed Acquisition occurs during the period commencing on January 1, 2009 to and including March 31, 2009, the Pro Forma Total Consolidated Debt to Consolidated EBITDA Ratio shall not exceed 2.5 to 1.0);”

 Section 3. Representations of the Parties. Each of the parties hereto hereby represents and warrants to the other parties as
follows: 
 3.1 Due Organization. Each party is an organization duly organized, validly existing under the law of the state of its
formation and in good standing in all jurisdictions required for it to conduct its business as now conducted and has full power and authority to carry on its business as now conducted. 
 3.2 Due Authorization. Each party has full power and authority to execute, deliver and perform this Seventh Amendment and to carry out the
transactions contemplated hereby. This Seventh Amendment has been duly and validly executed and delivered by each party and constitutes the valid and binding obligation of each party, enforceable in accordance with its terms, except to the extent
that enforceability may be limited by laws affecting creditors’ rights and debtors’ obligations generally, and legal limitations relating to remedies of specific performance and injunctive and other forms of equitable relief. 

3.3 No Conflict. The execution, delivery and performance of this Seventh Amendment (as well as any other instruments, agreements, certificates
or other documents contemplated hereby, if any) do not (a) violate any laws, rules, regulations, court orders or orders of any governmental or regulatory body applicable to the parties or their respective property, (b) require any consent,
approval or authorization of, or notice to, or declaration, filing or registration with any governmental body or other entity that has not been obtained or made or (c) violate or conflict with any provision of the organizational document,
operating agreement or bylaws of such party. 
 3.4. Further Assurances. Each party hereto, at the reasonable request of any other
party hereto, will execute and deliver such other documents and do and perform such other acts and things as may be necessary or desirable for effecting completely the consummation of the transactions contemplated hereby. 
 Section 4. Special Representations of the Borrower The Borrower hereby represents and warrants to the other parties as follows: 

4.1. Prior Representations and Warranties The representations and warranties of the Borrower in the Amended Agreement are, except to the extent
that they relate solely to an earlier date, true and correct in all material respects as of the date hereof. 
  

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 4.2. No Default After giving effect to the provisions of this Seventh Amendment, there is no
Default or Event of Default under the Amended Agreement. 
 4.3. Full Force and Effect All provisions of Amended Agreement continue in
full force and effect with respect to the Borrower. 
 4.4. BBT Agreement Amendment The BBT Agreement was amended to contain
provisions similar to those contained in Section 2.2 through 2.5 hereof on or prior to the Seventh Amendment Effective Date. 
 4.5.
BBT Agreement Waiver The BBT Agreement contained a waiver by BBT similar to that contained in Section 7 hereof on or prior to the Seventh Amendment Effective Date. 
 Section 5. More Favorable Covenants. If, after the date hereof, any of the covenants, representations and warranties or events of default, or
any other material term or provision, contained in the BBT Agreement is amended, restated, supplemented or otherwise modified to make such covenant, representation and warranty or event of default, or any other material term or provision more
favorable, in the sole but reasonable opinion of the Administrative Agent, to the lender or lenders under the BBT Agreement than are the terms of the Amended Agreement as amended by this Seventh Amendment to the Bank and the Bank Participants, then
the Amended Agreement as amended by this Seventh Amendment shall be amended to contain each such more favorable covenant, representation and warranty, event of default, term or provision, and the Borrower hereby agrees to so amend the Amended
Agreement as amended by this Seventh Amendment and to execute and deliver all such documents requested by the Administrative Agent to reflect such amendment. Prior to the execution and delivery of such documents by the Borrower, unless the
Administrative Agent has waived in writing its rights under this Section 5, the Amended Agreement as amended by this Seventh Amendment shall be deemed to contain each such more favorable covenant, representation and warranty, event of default,
term or provision of the BBT Agreement for purposes of determining the rights and obligations hereunder. 
 Section 6.
Miscellaneous. 
 6.1 Governing Law. The substantive laws of the State shall govern the construction and enforcement of this
Seventh Amendment without giving effect to the application of choice of law principles. 
 6.2 Execution in Counterparts. This Seventh
Amendment may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 
 6.3 Costs and Expenses. The Borrower agrees to pay on demand all reasonable out-of-pocket costs and expenses of the Administrative Agent and the Bank in connection with the preparation, execution and delivery
of this Seventh Amendment and any other documents which may be delivered in connection herewith, including, without limitation, the reasonable fees and out-of-pocket expenses of counsel for the Bank and the Administrative Agent with respect thereto.

  

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 6.4 Modification Fee. The Borrower shall have paid to the Bank in immediately available funds a
modification fee in the amount of $25,000, which fee shall be deemed fully earned and non-refundable once paid. 
 Section 7.
Waiver. The Administrative Agent and the Bank hereby waive the Borrower’s compliance with (a) the Funded Net Debt to Total Consolidated Capitalization ratio covenant described in Section 6.12(a) of the Amended Agreement for the
fiscal quarter ending on December 31, 2007; (b) the Funded Net Senior Debt to Consolidated EBITDA Ratio covenant described in Section 6.12(b) of the Amended Agreement for the fiscal quarters ending on December 31,
2007, March 31, 2008, June 30, 2008, September 30, 2008 and December 31, 2008; (c) the Fixed Charge Coverage Ratio covenant described in Section 6.11 of the Amended Agreement for the fiscal quarter ending
on December 31, 2007; and (d) the Consolidated Tangible Net Worth covenant described in Section 6.13 of the Amended Agreement for the fiscal quarter ending on December 31, 2007. 
 Section 8. Effective Date. This Seventh Amendment shall become effective as of the Seventh Amendment Effective Date. 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Seventh Amendment to be duly executed and
delivered by their respective officers hereunto duly authorized as of the date first above written. 
  

			
	 TREX COMPANY, INC.

		
	By:	 	 /s/ William R. Gupp

		 	William R. Gupp
		 	Vice President and General Counsel
	
	JPMORGAN CHASE BANK, N.A., as
	Bank and Administrative Agent
		
	By:	 	 /s/ Robert Kuhn

		 	Robert Kuhn
		 	Managing Director

  

 -7-Amended and Restated Charter for the Audit Committee of the Board of Directors

 Exhibit 10.12 
 CHARTER 
 of 
 AUDIT COMMITTEE 
 of the 
 BOARD OF DIRECTORS 
 of 
 ALLIANCE GP, LLC 
 Adopted
March 22, 2006 
 Amended and Restated March 12, 2007 
 Amended and Restated March 5, 2008 
  

	I.	PURPOSE 

 The purpose of the Audit Committee
(the “Committee”) of the Board of Directors (the “Board”) of Alliance GP, LLC (the “General Partner”) is to assist the Board in fulfilling its oversight responsibilities with respect to the management of the
General Partner and its activities on behalf of Alliance Holdings GP, L.P. (together with its subsidiaries, the “Partnership”). In collaboration with management, the Committee will assist the Board by reviewing the following:

 (A) filings by the Partnership with the Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933 and
the Securities Exchange Act of 1934 (the “Exchange Act”) (i.e., Forms 10-K and 10-Q); 
 (B) press releases and other
communications by the Partnership to the public concerning earnings, financial condition and results of operations, including communications regarding changes in distribution policies or practices affecting the holders of Partnership units, unless
such review was undertaken by the Board; 
 (C) the Partnership’s systems of internal controls regarding finance and accounting that
management and the Board have established; and 
 (D) the Partnership’s auditing, accounting and financial reporting processes
generally. 
 Consistent with this review function, the Committee shall encourage continuous improvement of, and shall foster adherence to,
the Partnership’s policies, procedures and practices concerning financial reporting and other public disclosure at all levels, as established by the General Partner. 
 The specific duties and responsibilities of the Committee are enumerated in Section IV of this Charter. 
  

	II.	COMPOSITION 

 The Committee shall be comprised of
three or more directors as determined by the Board, who shall satisfy the applicable requirements, including as to independence, experience, and financial expertise of (a) the Sarbanes-Oxley Act of 2002, and rules promulgated by the SEC 

 
thereunder, (b) the National Association of Securities Dealers Marketplace Rules, and (c) any other applicable laws, rules or regulations. Without
limiting the foregoing, each director shall be free from any relationship that, in the opinion of the Board, would interfere with the exercise of his or her independent judgment as a member of the Committee. 
 The members of the Committee shall be elected by the Board at the annual organizational meeting of the Board held in December of each year (or at
such other time as the Board may determine), or until their successors shall be duly elected and qualified. Unless a Chairperson is elected by the full Board, the members of the Committee may designate a Chairperson by majority vote of the full
Committee membership. 
  

	III.	MEETINGS 

 The Committee shall meet as frequently as
circumstances dictate, but not less than four times annually. Except as otherwise provided herein, a quorum for meetings of the Committee shall be a majority of the members of the Committee. 
 As part of its job to foster open communication, the Committee shall meet periodically with management and the independent registered public accounting
firm (the “independent accountants”) in separate sessions to discuss any matters that the Committee or either of these groups believes should be discussed privately. The Committee may also invite to participate in any meeting, any member
of senior management, the independent accountants or others, as desired by the Committee. 
 In addition to the regular meetings of the
Committee, the Committee shall meet at least four times annually with the independent accountants and management to discuss and review each of the Partnership’s quarterly and annual financial statements and reports prior to the public
announcement of financial results and the filing of quarterly and year-end reports with the Commission (consistent with the provisions of Section IV below). A quorum for these meetings shall be one of the members of the Committee. 
 The Chairperson shall set the agenda of each meeting and arrange for the distribution of the agenda, together with supporting material, to the Committee
members prior to each meeting. The Chairperson will also cause minutes of each meeting to be prepared and circulated to the members of the Committee. The Committee may meet via telephone conference calls. 
  

	IV.	RESPONSIBILITIES AND DUTIES 

 The duties and
responsibilities of a member of the Committee shall be in addition to his or her duties and responsibilities as a member of the Board of Directors. To fulfill its oversight responsibilities and duties, (a) the Committee, (b) a
sub-committee thereof as may be designated by the Chairperson or (c) an individual member of the Committee to whom the Committee has delegated expressly its authority (for example, the review of Form 8-Ks prior to filing with the SEC) shall
undertake the following: 

 Documents/Reports Review 
 1. Review and discuss with management and the independent accountants the quality and integrity of the Partnership’s annual and interim financial statements and any reports or other financial information prior to submission to the SEC,
or the public, including any certification, report, opinion or review rendered by the independent accountants. 
 2. Review and discuss with management the
regular internal reports of the independent accountants and controllers, along with management’s response to such reports. 
 3. Review earnings with
financial management and the independent accountants prior to the release of earnings to the public. 
 4. Provide any audit committee-related disclosure in
filings with the Securities and Exchange Commission or otherwise required by applicable securities laws, rules and regulations or by the rules of any securities exchange or market on which the securities of the Partnership are listed or quoted.

 Independent Accountants 
 5. Approve the appointment
and compensation of the independent accountants and provide oversight of the work of the independent accountants (including resolution of disagreements between management and the independent accountants regarding financial reporting or the
preparation of the financial statements) for the purpose of preparing or issuing an audit report or related work. 
 6. Approve all auditing services and
permitted non-audit services to be provided to the Company or the Partnership by the independent accountants prior to the commencement thereof, and approve the fees and other compensation to be paid to the independent accountants in connection
therewith. The Committee may delegate, subject to any rules or limitations it may deem appropriate, to one or more designated members of the Committee the authority to grant such approvals; provided, however, that the decisions of any member to whom
authority is so delegated to approve an activity shall be presented to the full Committee at its next scheduled meeting. 
 7. On an annual basis, review and
discuss with the independent accountants all significant relationships the independent accountants have with the Partnership and the General Partner and their subsidiaries in order to determine the accountants’ independence. As part of such a
review process, the Committee shall receive the written disclosures and an annual statement from the independent accountants relating to their independence as required by Independent Standards Board Standard No. l and make inquiries to the
independent accountants as to any matters disclosed therein. 
 8. Periodically consult with the independent accountants outside of the presence of
management about internal controls and the fair statement of the organization’s financial statements in all material respects. 
  

 9. Review the annual audit plan of the independent accountants and evaluate their performance and adherence to the prior
year’s audit plan. 
 10. At least annually, review with the independent accountants as to (a) all critical accounting policies to be used,
(b) all alternative treatments of financial information within generally accepted accounting principles that have been discussed with management, the ramifications of the use of such alternative disclosures and treatments and the treatment
preferred by the independent accountants, and (c) other material written communications between the independent accountants and management, including management letters and schedules of unadjusted differences. 
 11. On an annual basis, review with the independent accountants concerning their internal quality control review of the firm, any inquiry or investigation by
governmental or professional authorities within the preceding five years respecting one or more independent audits carried out by the firm and any steps taken to address such issues. 
 12. Review the experience and qualifications of the senior members of the independent accounting team. 
 13. Require the
rotation of the lead audit partner on a regular basis in accordance with the requirements of the Exchange Act. 
 14. Review the hiring by the Partnership or
the General Partner or any of their subsidiaries of employees or former employees of the independent accountants who participated in any capacity in the audit of the Partnership. 
 15. Review the performance of the independent accountants and dismiss the independent accountants if circumstances warrant. 
 Financial Reporting Processes 
 16. In consultation with the independent accountants and the controllers, review the integrity of the
Partnership’s financial reporting processes, both internal and external. 
 17. Consider the independent accountants’ judgments about the quality
and appropriateness of the Partnership’s accounting principles as applied in its financial reporting. 
 18. Consider the quality of and approve any
major changes to the Partnership’s accounting principles and practices as suggested by the independent accountants, management, or the controllers. 
 Process Improvement 
 19. Establish regular and separate systems of reporting to the Committee by each of management, the independent
accountants and the chief accounting officer regarding any significant judgments made in management’s preparation of the financial statements and the view of each as to appropriateness of such judgments. 

 20. Following completion of the annual audit, review (separately, as appropriate and as may be required) with each of
management, the independent accountants, manager-internal audit, and the chief accounting officer any significant difficulties encountered during the course of the audit, including any restrictions on the scope of work or access to required
information. 
 21. Review any significant disagreement among management, the independent accountants or the chief accounting officer in connection with any
public announcement of financial results or the preparation of the quarterly and annual financial statements. 
 22. Review with the independent accountants,
the chief accounting officer and management the extent to which changes or improvements in financial or accounting practices, as approved by the Committee, have been implemented. This review will be conducted at an appropriate time subsequent to
implementation of changes or improvements, as decided by the Committee. 
 23. Review periodically with the General Counsel, legal and regulatory matters
that could have a significant effect on the Partnership’s financial statements. 
 24. Review with the independent accountants, the chief accounting
officer and management the effect of regulatory and accounting initiatives, as well as off-balance sheet structures, on the Partnership’s financial statements. 
 Other 
 25. Establish procedures for (a) the receipt, retention, and treatment of complaints received by the
Partnership regarding accounting, internal accounting controls, or auditing matters, and (b) the confidential, anonymous submission by employees of concerns regarding questionable accounting or auditing matters. 
 26. Review periodically the codes of ethics and conduct of the Company and the Partnership and the programs to monitor compliance with such codes. 
 27. Investigate any matter brought to its attention within the scope of its duties which it deems appropriate for investigation. 
 28. Perform an annual evaluation of the Committee. 
 29. Review and make
recommendations to the Board to update this Charter at least annually and at other times as conditions dictate. 
 The Committee shall have such other
functions as are assigned by law, the SEC, the National Association of Securities Dealers, the General Partner’s organizational documents or the Board of Directors of the General Partner. 
 The Committee shall have the authority to engage, and provide for payment of compensation to, outside legal, accounting or other advisors as it deems necessary to carry
out its functions. 

	V.	EXCULPATION 

 The following describes matters as to
which the Committee shall not have responsibilities or duties: 
 Maintenance of Books and Records 
 1. The Committee shall not be responsible for maintaining the books and records of the Partnership or for preparing the financial statements of the Partnership, which
maintenance and preparation shall be the responsibility and duty of the management. 
 Audits 
 2. The Committee shall not be responsible for planning or conducting audits of the financial statements of the Partnership, which shall be the responsibility of the
Partnership’s independent accountants. 
 Certification of Audited Financial Statements 
 3. The Committee shall not be responsible for certifying as to the accuracy or completeness of the audited financial statements of the Partnership or that the audited
financial statements are in compliance with generally accepted accounting principles. 
 Independent Investigation of Factual Matters 
 4. The Committee shall not be responsible for independent verification of factual matters represented to them, and each member of the Committee shall be entitled to rely
in good faith on the representations of management and the independent accountants. 
 Compliance with Laws 
 5. The Committee shall not be responsible for ensuring compliance with applicable laws or regulations by the General Partner or the Partnership. 
 Amended and restated by resolution of the Board of Directors of Alliance GP, LLC, this
5th day of March in the year 2008. 
  

	
	
	/s/ R. Eberley Davis
	R. Eberley Davis, Secretary

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