Document:

Alpha Natural Resources, Inc. Deferred Compensation Plan

 Exhibit 10.12 
 ALPHA NATURAL RESOURCES, INC. and Subsidiaries 
 DEFERRED COMPENSATION
PLAN 
 As Amended and Restated Effective 
 January 1, 2011 

 ALPHA NATURAL RESOURCES, INC and Subsidiaries 

DEFERRED COMPENSATION PLAN 
 ARTICLE I - PURPOSE; EFFECTIVE DATE 
  

	1.1.	Background. The Alpha Natural Resources, Inc. and Subsidiaries Deferred Compensation Plan (hereinafter, the “Plan”) was originally established
effective December 31, 2004 and was most recently amended and restated in its entirety effective March 2, 2010. To consolidate its nonqualified deferred compensation plans, Alpha Natural Resources, Inc. froze the Foundation Coal Deferred
Compensation Plan (hereinafter, the “FC Plan”) and the Riverton Coal Executive Deferred Compensation Plan (hereinafter, the “RCP Plan”) effective December 31, 2010, and merged the FC and RCP Plans with and into the Plan
effective January 1, 2011. The FC and RCP Plans ceased to exist as separate plans effective December 31, 2010. The benefits that accrued, but were not paid, under the FC and RCP Plans as of December 31, 2010, are benefits payable
under this Plan as of January 1, 2011 in accordance with the applicable terms of this Plan. 

  

	1.2.	Purpose. The purpose of the Plan is to permit a select group of management and highly compensated employees of ALPHA NATURAL RESOURCES, INC. and its
subsidiaries that have adopted the Plan to defer the receipt of income which would otherwise become payable to them. It is intended that this plan, by providing this deferral opportunity, will assist the Company in retaining and attracting
individuals of exceptional ability by providing them with these benefits. 

  

	1.3.	Effective Date. This amended and restated Plan is effective January 1, 2011. 

ARTICLE II - DEFINITIONS 
 For the purpose of this Plan, the following terms shall have the meanings indicated, unless the context clearly indicates otherwise: 

 

	2.1.	Account(s). “Account(s)” means the account or accounts maintained on the books of the Company used solely to calculate the amount payable to
each Participant under this Plan and shall not constitute a separate fund of assets. The Accounts available for each Participant shall be identified as: 

  

	 	a)	Retirement Account; 

  

	 	b)	In-Service Account (each Participant may maintain up to two (2) In-Service Accounts with different payment dates as provided herein - In-Service Account 1 and
In-Service Account 2); 

  

	 	c)	Supplemental Retirement Plan Account (“SRP Account”). 

  

	 	d)	Legacy FC Account; and 

  

	 	e)	Legacy RCP Account. 

  
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	2.2.	Annual Bonus. “Annual Bonus” means the bonus compensation under the Alpha Natural Resources, Inc. Annual Incentive Bonus Plan (or any successor
plan) earned, if any, for services rendered by a Participant during a Deferral Period. 

  

	2.3.	Base Salary. “Base Salary” means a Participant’s regular salary paid for a particular Deferral Period. 

 

	2.4.	Beneficiary. “Beneficiary” means one or more persons or entities designated by the Participant to receive any Plan benefits payable after the
Participant’s death. 

  

	2.5.	Board. “Board” means the Board of Directors of the Company. 

 

	2.6.	Change in Control. “Change in Control” means a change in the ownership of the Company, a change in the effective control of the Company or a
change in the ownership of a substantial portion of the Company’s assets. Whether there has been a Change in Control of the Company will be determined by the Committee in accordance with the guidance issued under section 409A of the Internal
Revenue Code of 1986, as amended (the “Code”). For purposes of this Section 2.6: 

  

	 	a)	A change in ownership of the Company occurs on the date that any one person, or more than one person acting as a group, acquires ownership of stock of the Company that,
together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company. 

 

	 	b)	A change in the effective control of the Company occurs on the date that either: 

 

	 	1)	any one person, or more than one person acting as a group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such
person or persons) ownership of stock of the Company possessing 30 percent or more of the total voting power of the stock of the Company; or 

  

	 	2)	a majority of members of the Company’s Board of Directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a
majority of the members of the Company’s Board of Directors prior to the date of the appointment or election. 

  

	 	c)	A change in the ownership of a substantial portion of the Company’s assets occurs on the date that any one person, or more than one person acting as a group,
acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company that have a total gross fair market value equal to or more than 40 percent of the total gross
fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. 

  

	2.7.	Committee. “Committee” means the Compensation Committee of the Board. 

  
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	2.8.	Company. “Company” means ALPHA NATURAL RESOURCES, INC., a Delaware company, and any directly or indirectly affiliated subsidiary that has
adopted this Plan or any successor to the business thereof. Any reference herein to the “Company” should, except as the context otherwise requires, be interpreted as a reference to the Participant’s particular employer. A list of
subsidiaries that have adopted this Plan are attached to this document as Appendix A. 

  

	2.9.	Compensation. “Compensation” means “compensation” as defined under the Alpha Natural Resources, LLC and Affiliates 401(k)
Retirement Savings Plan (“401(k) Plan”), as amended and restated effective January 1, 2011, except that Compensation for purposes of this Plan shall include amounts deferred by a Participant under this Plan and amounts in excess of
the Compensation Limit. Any amendment to the definition of compensation under the 401(k) Plan that is adopted after January 1, 2011 shall only apply to the definition of Compensation under this Plan to the extent any such amendment is expressly
adopted under this Plan. With respect to a Participant’s first-year of eligible participation, any deferral elections shall only apply to applicable Compensation paid for services performed after the election. Accordingly, if a Deferral
Commitment is made in the first-year of eligibility but after the beginning of the specified Deferral Period, the Deferral Commitment shall only apply to the total amount of such applicable Compensation multiplied by the ratio of (i) the number
of days remaining in the Deferral Period after the election to (ii) the total number of days in the Deferral Period. 

  

	2.10.	Compensation Limit. “Compensation Limit” means the annual compensation limit specified under section 401(a)(17) of the Code.

  

	2.11.	Controlled Group Member. “Controlled Group Member” means a trade or business that, together with the Company, is a member of: (a) a
controlled group of corporations, within the meaning of section 414(b) of the Code, (b) a group of trades or businesses under common control, within the meaning of section 414(c) of the Code, an affiliated service group, within the meaning of
section 414(m) of the Code, or (d) a trade or business required to be aggregated pursuant to section 414(o) of the Code. 

  

	2.12.	Deemed Earnings. “Deemed Earnings” means the deemed earnings and losses that are credited to a Participant’s Account in accordance with the
terms of Section 4.4 of this Plan. 

  

	2.13.	Deferral Commitment. “Deferral Commitment” means an election made by a Participant to defer a portion of Compensation. The Deferral Commitment
shall specify whether the Compensation deferred shall be credited to the Retirement Account or an In-Service Account. Such designation shall be made in whole percentages, or as otherwise permitted by the Committee and shall be made in a form and at
a time established by the Management Administrator. A Deferral Commitment shall remain in effect until amended or revoked as provided under the terms of the Plan. 

 

	2.14.	Deferral Period. “Deferral Period” means each calendar year. 

 

	2.15.	Determination Date. “Determination Date” means the last day of each calendar month. 

  
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	2.16.	Financial Hardship. “Financial Hardship” means a severe financial hardship to the Participant resulting from an illness or accident of the
Participant, the Participant’s spouse, a beneficiary, or a dependent (as defined in section 152(a) of the Code, without regard to sections 152(b)(1), (b)(2) and (d)(1)(B) of the Code) of the Participant; the need to pay for the funeral expenses
of a spouse, beneficiary or dependent (as defined above); loss of the Participant’s property due to casualty; or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.

  

	2.17.	Legacy FC Account. “Legacy FC Account” means the Account established for all participants in the FC Plan with an accrued benefit as of
December 31, 2010. The opening account balance of the Legacy FC Account as of January 1, 2011 shall equal the amount of each applicable participant’s account balance under the FC Plan as of December 31, 2010, plus the amount of
any bonus deferral election under the FC Plan for the 2010 calendar year that was made in accordance with the terms of the FC Plan on or before June 30, 2010. The opening account balance of a Legacy FC Account shall be adjusted on and after
January 1, 2010 for any Deemed Earnings in accordance with the terms of this Plan. 

  

	2.18.	Legacy RCP Account. “Legacy RCP Account” means the Account established for all participants in the RCP Plan with an accrued benefit as of
December 31, 2010. The opening account balance of the Legacy RCP Account as of January 1, 2011 shall equal the amount of each applicable participant’s account balance under the RCP Plan as of December 31, 2010. The opening
account balance of a Legacy RCP Account shall be adjusted on and after January 1, 2010 for any Deemed Earnings in accordance with the terms of this Plan. 

 

	2.19.	Management Administrator. “Management Administrator” means the Senior Vice President Total Compensation and Benefits or such other person
designated to act in such capacity by the Company’s Chief Executive Officer. 

  

	2.20.	Participant. “Participant” means any eligible employee who has elected to defer Compensation under this Plan, who has received a SRP
Contribution, or who has either a Legacy FC Account or Legacy RCP Account. Such employee shall remain a Participant in this Plan for the period of deferral and until such time as all benefits payable under this Plan have been paid in accordance with
the provisions hereof; provided, however, the foregoing provisions shall not limit the Committee’s discretion to determine whether an employee remains eligible to continue to actively participate in the Plan. 

 

	2.21.	 Permanently Disabled. “Permanently Disabled” means (a) a Participant is unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, (b) a Participant is, by reason of any
medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than 3 months
under an accident and health plan covering employees of the Company or a Controlled Group Member, or (c) a Participant has been determined to be totally disabled by the Social Security Administration. Whether a Participant is Permanently
Disabled shall be 

  
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determined by the Management Administrator in accordance with the guidance issued under section 409A of the Code. 

 

	2.22.	Plan. “Plan” means this Alpha Natural Resources, Inc. and Subsidiaries Deferred Compensation Plan, as amended from time to time.

  

	2.23.	Retirement. “Retirement” means the Participant’s Separation from Service (other than on account of death) after the Participant has
attained age 55. 

  

	2.24.	Service. “Service” is calculated based on hours of service within a calendar year. A year of Service will be credited when a Participant
performs 1,000 hours of service within a calendar year. An hour of service is an hour for which the Participant is paid or entitled to be paid. 

  

	2.25.	Separation from Service. “Separation from Service” shall mean a Participant’s death, retirement or other termination of employment with the
Company and all of its controlled group members within the meaning of section 409A of the Code. For purposes hereof, the determination of controlled group members shall be made pursuant to the provisions of sections 414(b) and 414(c) of the Code;
provided that the language “at least 50 percent” shall be used instead of “at least 80 percent” in each place it appears in section 1563(a)(1),(2) and (3) of the Code and Treas. Reg. section 1.414(c)-2; provided, further,
where legitimate business reasons exist (within the meaning of Treas. Reg. section 1.409A-1(h)(3)), the language “at least 20 percent” shall be used instead of “at least 80 percent” in each place it appears. Whether a Participant
has a Separation from Service will be determined based on all of the facts and circumstances and in accordance with the guidance issued under section 409A of the Code. 

 

	2.26.	SRP Contribution. “SRP Contribution” means the contribution made by the Company credited to the Participant’s SRP Account.

  

	2.27.	Specified Employees. “Specified Employees” means key employees of the Company, as defined in section 416(i) of the Code without regard to
paragraph (5) thereof, as determined in accordance with the procedures established by the Management Administrator. 

 ARTICLE III - ELIGIBILITY AND PARTICIPATION 
  

	3.1.	Eligibility and Participation. 

  

	 	a)	Eligibility. Eligibility to participate in the Plan shall be limited to key employees of the Company who are designated by management, from time to time,
and approved by the Committee. 

  

	 	b)	Participation. An employee’s participation in the Plan shall be effective upon being approved by the Committee to participate in the Plan or as
otherwise provided by the Committee; provided, however, the Committee reserves the discretion to limit an employee’s ability to continue to participate in the Plan in the future. 

  
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	3.2.	Form of Deferral Commitment. A Participant may elect to make a Deferral Commitment subject to the following provisions: 

 

	 	a)	Deferral Amounts; Accounts. A separate Deferral Commitment must be made with respect to an eligible Participant’s (i) Base Salary,
(ii) Annual Bonus and (iii) Compensation other than Base Salary and Annual Bonus. Except as otherwise provided in the next sentence, a Deferral Commitment shall be made no later than December 31st of the calendar year preceding the
beginning of the Deferral Period (or such other date specified by the Committee to the extent consistent with section 409A of the Code). Notwithstanding the preceding sentence, if a Participant is first eligible to participate in this Plan during a
Deferral Period and has not previously been eligible to participate in any account balance plan maintained by the Company or any Controlled Group Member, a Deferral Commitment may be submitted to the Committee within thirty (30) days after the
date the individual becomes eligible to participate in this Plan. A Deferral Commitment shall designate the portion of Compensation that shall be allocated among the Participant’s Retirement and In-Service Accounts (no amount of Compensation
may be deferred by the Participant into the Participant’s SRP Account, Legacy FC Account and Legacy RCP Account). No deferral may be made to an In-Service Account after the end of the calendar year preceding the calendar year in which a
Participant initially elects payments from such In-Service Account to begin. 

  

	 	b)	Maximum Deferral. The maximum amount of Base Salary and Compensation other than Base Salary and Annual Bonus that may be deferred shall be thirty-five
percent (35%), and the maximum amount of Annual Bonus that may be deferred shall be one hundred percent (100%). 

  

	3.3.	Period of Commitment. Once a Participant has made a Deferral Commitment, that Commitment shall remain in effect for the next succeeding Deferral Period
and shall remain in effect for all future Deferral Periods unless revoked or amended in writing by the Participant and delivered to the Management Administrator no later than fifteen (15) days prior to the beginning of a subsequent Deferral
Period (or such other date as permitted by the Committee to the extent consistent with section 409A of the Code). Notwithstanding the preceding sentence, with respect to the portion of a Participant’s Deferral Commitment that allocates a
portion of Compensation to an In-Service Account, such allocation shall no longer apply as of the end of the calendar year preceding the first calendar year in which the Participant elects to have the amounts credited to the In-Service Account begin
to be distributed. Thereafter, any amounts allocated to the In-Service Account shall be deemed to have been re-allocated to the Retirement Account unless a Participant properly completes a new Deferral Commitment that provides otherwise.

  

	3.4.	Deferral Commitment. A Deferral Commitment shall be irrevocable by the Participant during a Deferral Period; provided, however, if a Participant suffers a
disability, receives a distribution on account of Financial Hardship or dies, the Participant’s Deferral Commitment shall be cancelled. For purposes of this Section, a disability refers to any medically determinable physical or mental
impairment resulting in the Participant’s inability to perform the duties of his or her position or any substantially similar position, where such impairment can be expected to result in death or can be expected to last for a continuous period
of not less than six months. 

  
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	3.5	Change in Status. If the Committee determines that a Participant’s employment performance is no longer at a level that warrants participation in this
Plan, no new Deferral Commitment may be made by such Participant after notice of such determination is given by the Committee, unless the Participant later satisfies the eligibility requirements to participate in the Plan. If the Committee, in its
sole discretion, determines that the Participant no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with the Employee Retirement Income Security Act of 1974, as amended, the
Committee may, in its sole discretion, prohibit the Participant from making any future Deferral Commitments and/or, to the extent permitted under section 409A of the Code, take such other action it deems necessary or appropriate, including, but not
limited to, terminating the Participant’s participation in the Plan. 

  

	3.6	Incomplete or Inaccurate Deferral Commitments. In the event that a Participant submits a Deferral Commitment to the Management Administrator that is
incomplete or lacks information necessary to the efficient operation of this Plan, the Management Administrator shall return the election to the Participant for further completion. 

ARTICLE IV - DEFERRED COMPENSATION ACCOUNT 
  

	4.1.	Accounts. The Compensation deferred by a Participant under the Plan, SRP Contributions and Deemed Earnings shall be credited to the Participant’s
Account(s). Separate accounts shall be maintained on the books of the Company to reflect each Participant’s SRP Account, Retirement Account, In-Service Account(s), Legacy FC Account and Legacy RCP Account. These Accounts shall be used solely to
calculate the amount payable to each Participant under this Plan and shall not constitute a separate fund of assets. 

  

	4.2.	Timing of Deferral Credits. A Participant’s Compensation which has been elected to be deferred shall be credited to the Participant’s Retirement
and In-Service Accounts by the last day of the month during which the Compensation deferred would have otherwise been payable to the Participant, or such other time as determined in the sole discretion of the Management Administrator.

  

	4.3.	Contributions To SRP Account. The Company shall credit SRP Contributions, if any, to each Participant’s SRP Account as soon as is practical after the
close of each calendar year, or such other time as determined in the sole discretion of the Management Administrator. The amount of the credited contribution under this Section shall be equal to the sum of (a), (b) and (c), to the extent
applicable: 

  

	 	a)	five percent (5%) of the Participant’s total Compensation for the preceding calendar year in excess of the Compensation Limit for that prior calendar year;

  

	 	b)	one hundred percent (100%) of the amount of Compensation deferred by the Participant in the prior calendar year under this Plan, but in no event will the amount
determined under this sub-Section (b) exceed four percent (4%) of the Participant’s total Compensation for the preceding calendar year in excess of the Compensation Limit for that prior calendar year; and 

 

	 	c)	a discretionary contribution that may be given in accordance with Section 4.10. 

  
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	4.4.	Earnings and Losses. Each Participant’s Account shall be credited with the gains and losses (including, without limitation, interest, dividends,
market appreciation or depreciation) that would have accrued if the Participant’s Account had been invested in the investment options designated by the Participant to the Management Administrator (or its designee) in accordance with the
investment direction procedures prescribed by the Management Administrator. Neither the Company, Board, Employers, Controlled Group Members, Management Administrator nor Committee represent or guarantee successful deemed investment of any amounts
under the Plan and shall not be required to restore any loss which may result from such deemed investments or lack of investment. In addition, no one shall be under any obligation to actually invest amounts corresponding to any investment directions
provided by a Participant or Beneficiary. Each Participant and Beneficiary assumes the risk in connection with any decrease in value of his or her Account deemed invested hereunder. 

 

	4.5.	Investment Elections. Participants may direct the deemed investment of their Accounts in multiples of one percent (1%) to deemed investments in any
or all of the investment options made available under the Plan from time to time by the Management Administrator in its sole discretion. Investment directions shall be provided by a Participant in accordance with the investment direction procedures
prescribed by the Management Administrator, which may include, but are not limited to, written, voice or other electronic communications to the Management Administrator (or its designee). If a Participant does not direct the deemed investment of his
or her Account under the Plan, and the Participant is an active participant in the Alpha Natural resources, LLC and Affiliates 401(k) Retirement Savings Plan (the “Alpha 401(k) Plan”), the Participant shall be deemed to have elected to
invest his or her Account in the same investment options designated (or deemed designated) under the Alpha 401(k) Plan; provided that, to the extent the same investment options are not available under this Plan, the Participant shall be deemed to
have elected to invest his or her Account in the investment options under this Plan that are most comparable to the investment options under the Alpha 401(k) Plan (as determined by the Management Administrator in its sole discretion). If such a
Participant is not an active participant in the Alpha 401(k) Plan, the Participant shall be deemed to have elected to invest his or her Account in the T. Rowe Price Retirement Date Fund that is based on the date that is closest to the date the
Participant will attain age 65, or such other fund as the Management Administrator, in its sole discretion, shall determine from time to time. A Participant may change any investment directions (or deemed investment directions) in accordance with
the investment direction procedures prescribed by the Management Administrator. 

  

	4.6.	Investment Options. The Management Administrator may change the deemed investment options at any time upon thirty (30) days advance notice to the
Participants. Upon such a change, each Participant shall be given an opportunity to select among such new investment options as are designated by the Management Administrator. In case of failure to elect such new investment options, the Participant
shall be deemed to have made an election to invest his or her Account in the investment options then being offered that are most comparable to the Participant’s old investment options. The decision of comparable investment options shall be made
in the sole discretion of the Management Administrator. 

  
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	4.7.	Determination of Accounts. Each Participant’s Account as of each Determination Date shall consist of the balance of the Account as of the immediately
preceding Determination Date, adjusted as follows: 

  

	 	a)	New Deferrals; SRP Contributions. The Participant’s Accounts shall be increased, as appropriate, by any Compensation deferred by the Participant and
any SRP Contributions credited since such prior Determination Date. 

  

	 	b)	Distributions. Each Account shall be reduced by the amount of each benefit payment made from that Account since the prior Determination Date.
Distributions shall be deemed to have been made proportionally from each of the investment options maintained within such Account based on the proportion that such investment options bears to the sum of all investment options maintained within such
Account for that Participant as of the Determination Date immediately preceding the date of payment. 

  

	 	c)	Deemed Earnings. Each Account shall be increased or decreased by the Deemed Earnings since such Determination Date in accordance with Section 4.4.

  

	4.8.	Vesting of Accounts. Each Participant shall be vested in the amounts credited to such Participant’s Account and Deemed Earnings thereon as follows:

  

	 	a)	Amounts Deferred. A Participant shall be one hundred percent (100%) vested at all times in the amount of Compensation elected to be deferred under
this Plan and Deemed Earnings thereon. 

  

	 	b)	SRP Account Contributions. SRP Contributions credited to a Participant’s SRP Account and Deemed Earnings thereon shall become one hundred percent
(100%) vested upon the Participant’s completion of three (3) years of complete Service with the Company. Notwithstanding the preceding sentence, each Participant who was an active employee on January 1, 2011 shall be one hundred
percent (100%) vested at all times in any amounts credited to the Participant’s SRP Account. 

  

	 	c)	Legacy FC and RCP Accounts. A Participant shall be one hundred percent (100%) vested at all times in any amounts credited to the Participant’s
Legacy FC Account or Legacy RCP Account, as applicable 

  

	4.9.	Statement of Accounts. The Management Administrator shall provide to each Participant a statement showing the balances in the Participant’s Account
on a quarterly basis. 

  

	4.10.	Discretionary Contribution. The Committee may grant a discretionary contribution in accordance with Section 4.3(c) and the requirements of this
Section. Such a Discretionary Contribution will meet the following: 

  

	 	a)	The contribution will be a percentage of Base Salary, Annual Bonus and/or Compensation other than Base Salary or Annual Bonus which will be as set forth on Appendix B
attached hereto for each applicable Participant (as updated from time to time), and which the Committee (or its designee) may adjust, from time to time, in the first quarter of each Plan year. An eligible Participant will be informed of any such
adjustment at that time. 

  

	 	b)	 The contribution will only be given as determined by the Committee. It is completely discretionary and need not be given to all or any Participants,
nor are those eligible required to 

  
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have the same percentage contribution. Participation in any one year will not ensure participation in the next year. The percentage may be reduced or increased at any time during the year by the
Committee, and such change will be reflected on Appendix B. 

  

	 	c)	The discretionary contribution will be credited to an eligible Participant’s account as of December 31st of the year for which it was granted. An eligible
Participant must be actively employed on a full time basis on this date to receive the credit. 

  

	 	d)	Notwithstanding Subsection 4.10(c), an eligible Participant will receive a prorated credit for a year in which the Participant’s employment is terminated for any
of the following reasons: (i) Retirement; (ii) death; (iii) disability; (iv) involuntary termination by the Company without cause; (v) good reason; or (vi) upon an involuntary termination associated with, or in
connection with, a change in control. 

  

	 	e)	For purposes of this Section 4.10, the terms “cause,” “disability,” “good reason,” and “involuntary termination [associated] [in
connection] with a change in control” shall have (i) the meanings ascribed to them in any employment agreement between the Company and the Participant or (ii) if there is no such agreement, then the meanings ascribed to them in the
Alpha Natural Resources, Inc. Key Employee Separation Plan, whether or not the Participant is a participant in such Key Employee Separation Plan. 

 ARTICLE V - PLAN BENEFITS 
  

	5.1.	Retirement Account. The vested portion of a Participant’s Retirement Account shall be distributed to the Participant as follows.

  

	 	a)	Timing of Payment. The Participant’s Retirement Account shall be paid beginning on the six (6) month anniversary of the Participant’s
Separation from Service, and subsequent payments, if the form of payment selected provides for annual installment payments, shall be made on the anniversary of the initial payment. 

 

	 	b)	Form of Payment. The form of benefit payment shall be that form selected by the Participant from among the applicable options prescribed in
Section 5.8 at the time the Participant is first eligible to participate in the Plan (or such other time or times as may be prescribed by the Management Administrator in accordance with the requirements of section 409A of the Code); provided,
however, if the Participant Separates from Service prior to Retirement, the Retirement Account shall be paid in the form of a lump sum payment. 

  

	5.2.	SRP Account. The vested portion of a Participant’s SRP Account shall be distributed to the Participant as follows. 

 

	 	a)	Timing of Payment. The Participant’s SRP Account shall be paid beginning on the six (6) month anniversary of the Participant’s Separation
from Service, and subsequent payments, if the form of payment selected provides for annual installment payments, shall be made on the anniversary of the initial payment. 

 

	 	b)	 Form of Payment. The form of benefit payment shall be that form selected by the Participant from among the applicable options prescribed
in Section 5.8 at the time the Participant is first eligible to participate in the Plan (or such other time or times as may be prescribed by the Management Administrator in accordance with the requirements of section 409A of the Code);
provided, however, if the Participant Separates from Service prior to 

  
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Retirement, the SRP Account shall be paid in the form of a lump sum payment. 

  

	5.3.	In-Service Account. A Participant can maintain up to two (2) In-Service Accounts (In-Service Account 1 and In-Service Account 2) at any time under
the Plan. At the time a Participant first allocates amounts to In-Service Account 1 or In-Service Account 2, the Participant must separately designate the time and form of payment of each applicable In-Service Account in accordance with the
procedures prescribed by the Management Administrator. The vested portion of a Participant’s applicable In-Service Account(s) shall be distributed to the Participant upon the date(s) chosen by the Participant. 

 

	 	a)	Timing of Payment. Benefits under this section shall be payable on the date specified when a Participant first designates a portion of the Compensation
deferred be allocated to an In-Service Account, and subsequent payments, if the form of payment selected provides for subsequent annual payments, shall be made on the anniversary of the initial payment. In no event shall the date selected be earlier
than the first day of the sixth (6th) calendar year following the initial filing of the Deferral Commitment with respect to that In-Service Account. In the event that the Participant Separates from Service with the Company prior to the payment
date specified, the benefits under the Participant’s applicable In-Service Account(s) shall be paid on the six (6) month anniversary of the Participant’s Separation from Service. 

 

	 	b)	Form of Payment. The form of benefit payment shall be that form selected by the Participant from among the applicable options prescribed in
Section 5.8, except that if the Participant terminates employment with the Company prior to the specified payment date, then the applicable In-Service Account(s) shall be paid in the form of a lump sum payment. 

 

	 	c)	Change of Time of Payment. The Participant may request to postpone (but not accelerate) the specified payment date initially chosen for an In-Service
Account by filing a written election on a form approved by the Management Administrator. Any such election: (i) shall not take effect until 12 months after the date the election is made; (ii) must provide for a new payment date that is no
earlier than five (5) years after the payment date previously specified and in force immediately prior to the filing of such request; and (iii) must be made not less than 12 months before the date the payment (or initial payment in the
case of installment payments) is scheduled to be made. 

  

	5.4.	Legacy FC Account. The vested portion of a Participant’s Legacy FC Account shall be distributed to the Participant as follows:

  

	 	a)	Timing of Payment. Benefits under this section shall be payable upon the Participant’s Separation from Service or, if earlier, a Change in Control.
The Participant’s Legacy FC Account shall be distributed (or begin to be distributed) within thirty (30) days following the first business day of the calendar year immediately following the calendar year in which the applicable
distribution event occurs; provided that, if the distribution is on account of the Participant’s Separation from Service and would be made less than six months from the date of the Separation from Service, the Participant’s Legacy FC
Account shall be distributed (or begin to be distributed) within thirty (30) days following the first business day coinciding with or next following the six (6) month anniversary of the Participant’s Separation from Service.

  

	 	b)	 Form of Payment. The form of benefit payment shall be that form selected by the

  
 11 

	 	
Participant at the time of the Participant’s initial deferral election under the FC Plan, at which time the Participant could have elected to receive distribution of his or her benefits
under that plan in the form of either: (1) a lump sum payment, or (2) approximately equal annual installments over a five (5)-year period. If a Participant did not make such an election, the Participant shall be deemed to have elected to
receive his or her benefits under that plan in a lump sum payment. 

  

	 	c)	Permanent Disability While Employed. Notwithstanding the preceding provisions of this Section 5.4, if a Participant is determined to be Permanently
Disabled while in the employ of the Company or a Controlled Group Member and prior to the time distributions have commenced, the Participant’s Legacy FC Account shall be distributed to the Participant in a lump sum payment within thirty
(30) days following such determination of Permanent Disability. 

  

	 	d)	Death While Employed. Notwithstanding the preceding provisions of this Section 5.4, in the event a Participant dies while in the employ of the
Company or a Controlled Group Member and prior to the time distributions have commenced, in lieu of any other benefits with respect to a Participant’s Legacy FC Account under the Plan, the Participant’s Beneficiary shall be entitled to a
death benefit equal to the Participant’s Legacy FC Account. The death benefit set forth herein shall be payable in cash in a lump sum payment within thirty (30) days following the Management Administrator’s receipt of written
confirmation, in a form acceptable to the Management Administrator, in its sole discretion, of the Participant’s death. Should a Participant die while receiving installment payouts, the remaining installment payments shall be paid to the
Beneficiary, who shall be deemed to be the Participant for purposes of making deemed investment elections under Section 4.5, unless the Beneficiary is the Participant’s estate, in which case the balance in the Participant’s Legacy FC
Account shall be paid in a lump sum payment within thirty (30) days following the Management Administrator’s receipt of written confirmation, in a form acceptable to the Management Administrator, in its sole discretion, of the
Participant’s death. 

  

	5.5.	Legacy RCP Account. The vested portion of a Participant’s Legacy RCP Account shall be distributed to the Participant as follows:

  

	 	a)	Timing of Payment. Benefits under this section shall be distributed (or begin to be distributed) within thirty (30) days following the first business
day of the calendar year immediately following the calendar year in which the Participant experiences a Separation from Service or, if later, within thirty (30) days following the first business day coinciding with or next following the six
(6) month anniversary of the Participant’s Separation from Service. 

  

	 	b)	Form of Payment. The form of benefit payment shall be that form selected by the Participant at the time of the Participant’s initial deferral
election under the RCP Plan or, to the extent applicable, in accordance with a special distribution election made under the terms of that plan on or before December 31, 2008, at which time the Participant could have elected to receive
distribution of his or her benefits under that plan in the form of either: (1) a lump sum payment, or (2) approximately equal annual installments over a five (5)-year period. If a Participant did not make such an election, the Participant
shall be deemed to have elect to receive his or her benefits under that plan in approximately equal annual installments over a five (5)-year period. 

  
 12 

	 	c)	Permanent Disability. Notwithstanding the preceding provisions of this Section 5.5, if prior to attaining age 55, a Participant is determined to be
Permanently Disabled, the balance in the Participant’s Legacy RCP Account shall be distributed to the Participant in a lump sum payment within thirty (30) days following such determination of Permanent Disability. 

 

	 	d)	Death While Employed by an Employer. Notwithstanding the preceding provisions of this Section 5.5, in the event a Participant dies while in the
employ of the Company or a Controlled Group Member and prior to the time distributions have commenced, in lieu of any other benefits with respect to a Participant’s Legacy RCP Account under the Plan, the Participant’s Beneficiary shall be
entitled to a death benefit equal to the Participant’s Legacy RCP Account. The death benefit set forth herein shall be payable in cash in a lump sum payment within thirty (30) days following the Management Administrator’s receipt of
written confirmation, in a form acceptable to the Management Administrator, in its sole discretion, of the Participant’s death. Should a Participant die while receiving installment payouts, the remaining installment payments shall be paid to
the Beneficiary, who shall be deemed to be the Participant for purposes of making deemed investment elections under Section 4.5, unless the Beneficiary is the Participant’s estate, in which case the balance in the Participant’s Legacy
RCP Account shall be paid in a lump sum payment within thirty (30) days following the Management Administrator’s receipt of written confirmation, in a form acceptable to the Management Administrator, in its sole discretion, of the
Participant’s death. 

  

	5.6.	Death Benefit. With respect to Accounts under this Plan other than a Legacy FC Account or Legacy RCP Account, upon the death of a Participant prior to the
commencement of benefits under this Plan, the Company shall pay to the Participant’s Beneficiary within sixty (60) days following the Participant’s date of death an amount equal to the vested Account balance in such Accounts in the
form of a lump sum payment. In the event of the death of the Participant after the commencement of benefits under this Plan from any such Accounts, the benefits from such Accounts shall be paid to the Participant’s designated Beneficiary from
such Accounts at the same time and in the same manner as if the Participant had survived. 

  

	5.7.	Hardship Distributions. With respect to Accounts under this Plan other than a Legacy FC Account or Legacy RCP Account, upon request of a Participant and a
finding by the Committee that a Participant has suffered a Financial Hardship, the Committee may, in its discretion, make a distribution from such vested Account balances. The amount of such distribution shall be limited to the amount reasonably
necessary to meet the Participant’s needs resulting from the Financial Hardship, plus amounts necessary to pay taxes and penalties reasonably anticipated as a result of such distribution. In determining the amount of such distribution, the
Committee shall take into account the extent to which such hardship is or may be relieved through reimbursement or compensation by insurance or otherwise, or by liquidation of the Participant’s assets (to the extent that the liquidation of such
assets would not itself cause severe Financial Hardship). 

  

	5.8.	Form of Payment. With respect to Accounts under this Plan other than a Legacy FC Account or Legacy RCP Account, except as otherwise provided under the
terms of the Plan, the benefits payable from such Accounts under this Plan shall be paid in the form of benefit, as provided below and as specified by the Participant when first eligible to participate in the Plan in accordance with the procedures
prescribed by the Management Administrator: 

  
 13 

	 	a)	A lump sum amount equal to the vested Account balance; or 

  

	 	b)	Equal annual installments for a period of up to a maximum of ten (10) years in the event of payment of a Retirement Account, fifteen (15) years in the event
of a SRP Account, or five (5) years in the event of an In-Service Account, where the annual payment shall be equal to the balance of the applicable Account immediately prior to the payment, multiplied by a fraction, the numerator of which is
one (1) and a denominator equal to the number of annual installment payments initially chosen (reduced by one (1) for each prior distribution). 

  

	5.9.	Small Account. The Committee, in its discretion, may distribute the Participant’s Accounts in a lump sum if the present value of the
Participant’s remaining unpaid Account balance (and all other amounts required to be aggregated with such accounts under section 409A of the Code) falls below the applicable dollar amount under section 402(g)(1)(B) of the Code. Any such
exercise of discretion shall be evidenced in writing not later than the date of payment. 

  

	5.10.	Withholding; Payroll Taxes. All benefits under the Plan shall be subject to income, employment and other tax withholding as required by applicable law. At
the time that tax withholding is required, if an amount is payable under the Plan to the Participant, the amount of the required tax withholding shall be withheld from such payment. If, however, an amount is not then payable or the amount payable
under the Plan to the Participant is less than the required withholding, the Participant shall pay to the Company, not later than the date such withholding is required, the amount of the required tax withholding or, at the sole election of the
Company, the amount of required tax withholding shall be withheld from other compensation or amounts payable to the Participant. The Participant shall hold the Company harmless from any liability for acting to satisfy the withholding obligation in
this manner. 

  

	5.11.	Payment to Guardian. If a Plan benefit is payable to a minor or a person declared incompetent or to a person incapable of handling the disposition of the
property, the Management Administrator may direct payment to the guardian, legal representative or person having the care and custody of such minor, or incompetent person. The Management Administrator may require proof of incompetency, minority,
incapacity or guardianship as it may deem appropriate prior to distribution. Such distribution shall completely discharge the Committee, Company and Management Administrator from all liability with respect to such benefit. 

 

	5.12.	Effect of Payment. The full payment of the applicable benefit under this Plan shall completely discharge all obligations on the part of the Company to the
Participant (and the Participant’s Beneficiary) with respect to the operation of this Plan, and the Participant’s (and Participant’s Beneficiary’s) rights under this Plan shall terminate. 

ARTICLE VI - BENEFICIARY DESIGNATION 
  

	6.1.	 Beneficiary Designation. Each Participant shall have the right, at any time, to designate one (1) or more persons as Beneficiary
(both primary as well as secondary) to whom benefits under this Plan shall be paid in the event of Participant’s death prior to complete distribution of the 

  
 14 

	 	
Participant’s vested Account balance. Each Beneficiary designation shall be in a written form acceptable to the Committee and shall be effective only if filed with the Management
Administrator during the Participant’s lifetime. 

  

	6.2.	Changing Beneficiary. Any Beneficiary designation may be changed by filing of a new Beneficiary designation with the Management Administrator. Any such
new Beneficiary designation shall cancel all prior designations previously filed by the Participant. 

  

	6.3.	No Beneficiary Designation. If any Participant fails to designate a Beneficiary in the manner provided above, if the designation is void, or if the
Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant’s benefits, the Participant’s Beneficiary shall be the person in the first of the following classes in which
there is a survivor: 

  

	 	a)	The Participant’s surviving spouse; 

  

	 	b)	The Participant’s children in equal shares, except that if any of the children predeceases the Participant but leaves surviving issue, then such issue shall take
by right of representation the share the deceased child would have taken if living; or 

  

	 	c)	The Participant’s estate. 

  

	6.4.	Effect of Payment. Payment to the Beneficiary shall completely discharge the Company’s obligations under this Plan. 

ARTICLE VII - ADMINISTRATION 
  

	7.1.	Committee; Duties. This Plan shall be administered by the Committee and, where applicable, by the Management Administrator, and any of their designees.
The Committee and, where applicable, the Management Administrator, shall have the exclusive authority and discretion to interpret, construe, and administer the provisions of the Plan and to decide all questions concerning the Plan and its
administration. Without limiting the foregoing, the Committee and, where applicable, the Management Administrator, shall have the authority, from time to time, to: determine eligibility for and the amount of benefits, if any, due under the Plan;
determine amounts payable under the Plan; interpret the Plan, to make factual determinations, to correct deficiencies, and to supply omissions, including resolving any ambiguity or uncertainty arising under or existing in the terms and provisions of
the Plan; make all other determinations and to take all other actions necessary or advisable for the implementation and administration of the Plan; and establish rules and regulations for the administration of the Plan. 

 

	7.2.	Agents. The Committee and, where applicable, the Management Administrator, may, from time to time, employ agents and delegate to them such administrative
duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Company. 

  

	7.3.	 Binding Effect of Decisions. The decision or action of the Committee and, where applicable, the Management Administrator, with respect to
any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations 

  
 15 

	 	
promulgated hereunder shall be final, conclusive and binding upon all persons having any interest in the Plan. 

 

	7.4.	Indemnity of Committee. The Company shall indemnify and hold harmless the members of the Committee and, where applicable, the Management Administrator,
against any and all claims, loss, damage, expense or liability arising from any action or failure to act with respect to this Plan on account of such member’s service on the Committee, and, where applicable, the Management Administrator, except
in the case of gross negligence or willful misconduct. 

 ARTICLE VIII - CLAIMS PROCEDURE 

 

	8.1.	Claim. Any person or entity claiming a benefit, requesting an interpretation or ruling under the Plan (hereinafter referred to as “Claimant”),
or requesting information under the Plan shall present the request in writing to the Management Administrator, which shall respond in writing as soon as practical. 

 

	8.2.	Denial of Claim. If the claim or request is denied, the written notice of denial shall state: 

 

	 	a)	The reasons for denial, with specific reference to the Plan provisions on which the denial is based; 

 

	 	b)	A description of any additional material or information required and an explanation of why it is necessary; and 

 

	 	c)	An explanation of the Plan’s claim review procedure. 

  

	8.3.	Review of Claim. Any Claimant whose claim or request is denied or who has not received a response within sixty (60) days may request a review by
notice given in writing to the Committee. Such request must be made within sixty (60) days after receipt by the Claimant of the written notice of denial, or in the event Claimant has not received a response sixty (60) days after receipt by
the Committee of Claimant’s claim or request. The claim or request shall be reviewed by the Committee which may, but shall not be required to, grant the Claimant a hearing. On review, the claimant may have representation, examine pertinent
documents, and submit issues and comments in writing. 

  

	8.4.	Final Decision. The decision on review shall normally be made within sixty (60) days after the Committee’s receipt of claimant’s claim or
request. If an extension of time is required for a hearing or other special circumstances, the Claimant shall be notified and the time limit shall be one hundred twenty (120) days. The decision shall be in writing and shall state the reasons
and the relevant Plan provisions. All decisions on review shall be final and bind all parties concerned. 

ARTICLE IX - AMENDMENT AND TERMINATION OF PLAN 

 

	9.1.	 Amendment. The Company reserves the right to amend, modify or suspend the Plan, in whole or in part, at any time; provided however, that
any such amendment, modification or suspension shall not reduce the accrued benefit of any Participant. Notwithstanding, the Company may, in its sole 

  
 16 

	 	
discretion and without the Participant’s consent, modify or amend the terms of the Plan, or take any other action it deems necessary or advisable, to cause the Plan to comply with section
409A of the Code (or an exception thereto). 

  

	9.2.	Company’s Right to Terminate. The Company reserves the right to terminate the Plan, in whole or in part, at any time; provided however, that any such
termination shall not reduce the accrued benefit of any Participant. Termination of the Plan shall not be a distribution event under the Plan unless otherwise permitted under section 409A of the Code or other applicable law.

 ARTICLE X - MISCELLANEOUS 

 

	10.1.	Unfunded Plan. This plan is an unfunded plan maintained primarily to provide deferred compensation benefits for a select group of “management or
highly-compensated employees” within the meaning of Sections 201, 301, and 401 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and therefore is exempt from the provisions of Parts 2, 3 and 4 of Title I of
ERISA. 

  

	10.2.	Company Obligation. The obligation to make benefit payments to any Participant under the Plan shall be an obligation solely of the Company with respect to
the deferred Compensation receivable from, and contributions by, that Company and shall not be an obligation of another company. 

  

	10.3.	Section 409A. Notwithstanding any provision of the Plan to the contrary, the provisions of the Plan shall be administered, interpreted and construed
in accordance with section 409A of the Code, the regulations and other binding guidance promulgated thereunder (or disregarded to the extent such provision cannot be so administered, interpreted or construed). It is intended that distribution events
authorized under the Plan qualify as permissible distribution events for purposes of section 409A of the Code, and the Plan shall be interpreted and construed accordingly in order to comply with section 409A of the Code, the regulations and other
binding guidance promulgated thereunder. Accordingly, if a Participant is a Specified Employee for purposes of section 409A of the Code and a payment subject to section 409A of the Code to the Participant is due upon Separation from Service, such
payment shall be delayed for a period of six (6) months after the date the Participant Separates from Service (or, if earlier, the death of the Participant). The Company reserves the right to accelerate, delay or modify distributions to the
extent permitted under section 409A of the Code. Notwithstanding any provision of the Plan to the contrary, in no event shall the Committee or Board (or any member thereof), or the Company (or its employees, officers, directors or affiliates) have
any liability to any Participant (or any other person) due to the failure of the Plan to satisfy the requirements of section 409A of the Code or any other applicable law. 

 

	10.4.	 Unsecured General Creditor. Notwithstanding any other provision of this Plan, Participants and Participants’ Beneficiaries shall be
unsecured general creditors, with no secured or preferential rights to any assets of the Company or any other party for payment of benefits under this Plan. Any property held by the Company for the purpose of generating the cash flow for benefit

  
 17 

	 	
payments shall remain its general, unpledged and unrestricted assets. The Company’s obligation under the Plan shall be an unfunded and unsecured promise to pay money in the future.

  

	10.5.	Trust Fund. The Company shall be responsible for the payment of all benefits provided under the Plan. At its discretion, the Company may establish one
(1) or more trusts, with such trustees as the Committee may approve, for the purpose of assisting in the payment of such benefits. Although such a trust may be irrevocable, its assets shall be held for payment of all the Company’s general
creditors in the event of insolvency. To the extent any benefits provided under the Plan are paid from any such trust, the Company shall have no further obligation to pay them. If not paid from the trust, such benefits shall remain the obligation of
the Company. 

  

	10.6.	Nonassignability. Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or
otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder. No part of the amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any
debts, judgements, alimony or separate maintenance owed by a Participant or any other person, nor be transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency. 

 

	10.7.	Not a Contract of Employment. This Plan shall not constitute a contract of employment between the Company and the Participant. Nothing in this Plan shall
give a Participant the right to be retained in the service of the Company or to interfere with the right of the Company to discipline or discharge a Participant at any time. 

 

	10.8.	Protective Provisions. A Participant will cooperate with the Company by furnishing any and all information requested by the Company, in order to
facilitate the payment of benefits hereunder, and by taking such physical examinations as the Company may deem necessary and taking such other action as may be requested by the Company. 

 

	10.9.	Governing Law. The provisions of this Plan shall be construed and interpreted according to the laws of the Commonwealth of Virginia, except as preempted
by federal law. 

  

	10.10.	Validity. If any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining
parts hereof, but this Plan shall be construed and enforced as if such illegal and invalid provision had never been inserted herein. 

  

	10.11.	Notice. Any notice required or permitted under the Plan shall be sufficient if in writing and hand delivered or sent by registered or certified mail. Such
notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark on the receipt for registration or certification. Mailed notice to the Committee shall be directed to the Company’s
address. Mailed notice to a Participant or Beneficiary shall be directed to the individual’s last known address in the Company’s records. 

  

	10.12.	 Successors. The provisions of this Plan shall bind and inure to the benefit of the Company and its successors and assigns. The term
successors as used herein shall include any corporate or 

  
 18 

	 	
other business entity which shall, whether by merger, consolidation, purchase or otherwise acquire all or substantially all of the business and assets of the Company, and successors of any such
corporation or other business entity. 

 ALPHA NATURAL RESOURCES, INC. 

  
 19 

 Appendix A 

Subsidiaries adopting this Plan 
 As of January 1, 2011, the following affiliated subsidiaries of Alpha Natural Resources, Inc. had adopted the Alpha Natural Resources, Inc. and Subsidiaries Deferred Compensation Plan for the benefit
of their respective eligible employees: 
 Alpha Coal Sales Co., LLC 
 Alpha Coal West, Inc. 
 Alpha Natural Resources Services, LLC 

AMFIRE Mining Company, LLC 
 Brooks Run Mining
Company, LLC 
 Coal Gas Recovery, LLC 

Cobra Natural Resources, LLC 
 Cumberland Coal
Resources, LP 
 Dickenson-Russell Coal Company, LLC 
 Dry Systems Technologies, Inc. 
 Emerald Coal Resources, LP 

Enterprise Mining Company, LLC 
 Kepler
Processing Company, LLC 
 Kingston Mining, Inc. 
 Kingston Processing, Inc. 
 Kingwood Mining Company, LLC 

Litwar Processing Company, LLC 
 Maxxim Rebuild
Co., LLC 
 Maxxim Shared Services, LLC 

Nicewonder Contracting, Inc. 
 Paramont Coal
Company Virginia, LLC 
 Pennsylvania Services Corporation 
 Premium Energy, LLC 
 Rivereagle Corp. 
 Riverside Energy Company, LLC 
 Riverton Coal Production, Inc. 

Rockspring Development, Inc. 
 Simmons Fork
Mining, Inc. 
 Twin Star Mining, Inc. 

Wabash Mine Holding Company 
 White Flame Energy,
Inc. 

  
 20 

 As of May 1, 2011, the following affiliated subsidiaries of Alpha Natural Resources, Inc. have adopted
the Alpha Natural Resources, Inc. and Subsidiaries Deferred Compensation Plan for the benefit of their respective eligible employees: 
 Alpha
Australia, LLC 
 Alpha Australia Services, LLC 
 Alpha India, LLC 

  
 21 

 Appendix B 

 

									
	 Participant Name
	 	 Year
	 	 Percentage of
 Base Salary
	 	 Percentage of
 Annual Bonus
	 	 Percentage of
 Other Compensation

  
 22Alpha Service Companies Rabbi Trust Agreement

 Exhibit 10.13 
 ALPHA SERVICE COMPANIES RABBI TRUST AGREEMENT 
 THIS TRUST AGREEMENT is
made by and between ALPHA NATURAL RESOURCES, INC., a Delaware corporation (the “Company”), and T. ROWE PRICE TRUST COMPANY, a Maryland limited purpose trust company (the “Trustee”). 

W I T N E S S E T H    T H A T: 
 WHEREAS, the Company previously established THE ALPHA NATURAL RESOURCES, INC. AND SUBSIDIARIES DEFERRED COMPENSATION PLAN (the “Plan”) effective December 31, 2004 to provide deferred
compensation benefits to a select group of management or highly compensated employees of the Company and its subsidiaries that have adopted the Plan; 
 WHEREAS, the Plan was most recently amended and restated in its entirety effective January 1, 2011; 
 WHEREAS, the Company desires to establish this Trust to provide a source of funds to pay the following benefits, but only to the extent such benefits accrued or accrue under the Plan at a time when the
participants in the Plan were or are employed by the participating companies identified in Appendix A to this Agreement (the “Participating Companies”): (i) the benefits that had accrued, but were not paid, under the Plan as of
December 31, 2010, and the deemed earnings on such accrued benefits; and (ii) the benefits that accrue under the Plan on or after January 1, 2011 and the deemed earnings on such accrued benefits; 

WHEREAS, the Participating Companies have incurred or expect to incur liability under the terms of the Plan with respect to the
participants of the Plan and their beneficiaries (collectively referred to as “Trust Beneficiaries”); 

WHEREAS, it is the intention of the Participating Companies to make contributions to the Trust to provide a source of funds to meet some
or all of the Participating Companies’ liabilities under the Plan; 
 NOW THEREFORE, in consideration of the mutual
covenants herein contained, the Company and the Trustee declare and agree as follows: 
 SECTION 1. ESTABLISHMENT OF
THE TRUST. 
 1.1 The Company hereby establishes with the Trustee a trust to hold and accept such sums of money
and other property acceptable to the Trustee as from time to time shall be paid or delivered to the Trustee (the “Trust”). All such money and other property, all investments and reinvestments made therewith or proceeds thereof and
all earnings and profits thereon, less all payments and charges as authorized herein, are hereinafter referred to as the (“Trust Fund”). The Trust Fund shall be held, administered and disposed of by the Trustee in accordance with
the provisions of this Trust Agreement. 
 1.2 It is the intention of the parties that this Trust shall constitute an
unfunded arrangement and shall not affect the status of the Plan as an unfunded plan for purposes of Title I 

 
of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). The Company represents that this Trust is not intended to be and is not subject to Part 4 of
Title I of ERISA. 
 1.3 This Trust is intended to be a grantor trust, of which the Participating
Companies are the grantors, within the meaning of subpart E, part I, subchapter J, chapter 1, subtitle A of the Internal Revenue Code of 1986, as amended (the “Code”), and shall be construed accordingly. The parties acknowledge that
the Trustee shall hold all assets of all Participating Companies on a commingled basis and the Trustee shall have no ability to identify assets contributed by any particular Participating Company.  

1.4 The Trust Fund shall be held separate and apart from other funds of the Participating Companies and shall be used exclusively for the
uses and purposes of Trust Beneficiaries and general creditors as herein set forth. Trust Beneficiaries shall have no preferred claim on, or any beneficial ownership interest in, any assets of the Trust Fund. Any rights credited under the Plan and
this Trust Agreement shall be mere unsecured contractual rights of Trust Beneficiaries against each applicable Participating Company. All assets held within the Trust Fund shall be subject to the claims of the Participating Companies’ general
creditors under federal and state law in the event that a Participating Company is Insolvent, as defined in Section 8.1 hereof. Any assets held within the Trust Fund shall not be subject to the claims of any other person’s general
creditors, including without limitation, any other affiliates of the Company that may participate in the Plan, but do not hold assets through this Trust. 
 SECTION 2. ACCEPTANCE BY THE TRUSTEE. 
 The Trustee accepts
the Trust established under this Trust Agreement on the terms and subject to the provisions set forth herein, and it agrees to discharge and perform fully and faithfully all of the duties and obligations imposed upon it under this Trust Agreement.

 SECTION 3. LIMITATION ON USE OF FUNDS. 

The Trust established hereby shall be irrevocable and each Participating Company shall have no right or power to direct the Trustee to
return to each Participating Company or to divert to others any assets of the Trust Fund before all payment of benefits have been made to Trust Beneficiaries pursuant to the terms of the Plan; provided, however, that (i) nothing in this
Section 3 shall be deemed to limit or otherwise prevent the payment from the Trust Fund of expenses and other charges as provided in Sections 5.1(e), 9.1, 9.2 and 10.4 of this Trust Agreement or the application of the Trust Fund as provided in
Section 13 of this Trust Agreement and (ii) the Trust Fund shall at all times be subject to the claims of the general creditors of the Participating Companies as set forth in Section 8 of this Trust Agreement. The Trustee shall have
no duty to determine whether all benefit payments have been made to Trust Beneficiaries and may rely on the Company’s notification regarding such payment. 
 SECTION 4. DUTIES AND POWERS OF THE TRUSTEE WITH RESPECT TO INVESTMENTS. 
 4.1 The Trustee shall invest and reinvest the principal and income of the Trust Fund and keep the Trust Fund invested, without distinction between principal and income, solely as

  
 - 2 -

 
directed by the Company, in publicly traded common and preferred stocks, publicly traded bonds and other evidences of indebtedness, governmental obligations, savings and time deposits,
certificates of deposit, cash, guaranteed investment contracts, bank investment contracts, synthetic investment contracts, individual or group annuity contracts, regulated investment companies registered under the Investment Company Act of 1940
(including any investment company which has an investment management or other agreement with an affiliate of the Trustee). The Company’s investment direction to the Trustee may represent the aggregate of deemed investment elections of Trust
Beneficiaries with respect to amounts allocated to each Trust Beneficiary’s account under the Plan. The Trustee shall have no duty to question any action or direction of the Company or any failure to give directions, or to make any suggestion
to the Company as to the investment or reinvestment of, or the disposition of, such assets. 
 4.2 Notwithstanding any
provisions of this Trust Agreement to the contrary, the Company shall not direct the Trustee to invest any portion of the Trust Fund in any security or other obligation issued by the Company or any of its affiliates, other than a de minimis amount
held in a common investment vehicle in which the Trustee invests. 
 4.3 During the term of this Trust, all income received in
the Trust Fund, net of expenses and taxes, shall be accumulated and reinvested. 
 4.4 In the event that insurance
policies or contracts or investment contracts (including structured or synthetic investment contracts) issued by a bank, insurance company or other financial or similar institution are held in the Trust Fund at the direction of an investment
manager, as such term is defined in Section 3(38) of ERISA, or the Company (“Contracts”), the Trustee shall not be liable for the refusal or inability of any insurance company, bank or other financial institution to issue,
change, pay proceeds or make payments due under any Contract; for the form, terms, genuineness, validity or sufficiency of any Contract; or for any delay in payment or proceeds due under any Contract. The Trustee shall not be responsible for the
valuation of any Contract and the Trustee shall be entitled to conclusively rely upon such valuation provided by the issuer of the Contract for all purposes under this Trust Agreement. The Company and/or the investment manager, as the case may be,
shall be responsible, and the Trustee shall not be responsible, for evaluating or monitoring the financial condition or status of any financial institution or insurance company issuing any such Contract which the Company or an investment manager
directs the Trustee to hold or to purchase with assets of the Trust Fund. 
 SECTION 5. ADDITIONAL POWERS AND
DUTIES OF THE TRUSTEE. 
 5.1 The Trustee shall have the following powers and authority as necessary to effectuate the
instructions and directions of the Company with respect to property constituting a part of the Trust Fund: 
 (a) To receive and
hold all contributions paid to it by each Participating Company; provided, however, that the Trustee shall have no duty to require any contributions to be made, or to determine that any of the contributions received comply with the conditions and
limitations of the Plan. 

  
 - 3 -

 (b) At the direction of the Company, to sell, exchange or transfer any such property.

 (c) To transmit to the Company all notices of conversion, redemption, tender, exchange, subscription, class action, claim in
insolvency proceedings or other rights or powers relating to any property in the Trust Fund, to the extent that any such notices are received by the Trustee from its agents or custodian, from issuers of securities and from the party (or its agents)
extending such rights. 
 (d) At the direction of the Company, to exercise any right, including the right to vote or tender,
appurtenant to any securities held in the Trust Fund; exercise conversion privileges, subscription rights and other options; and participate in or dissent from any plan of reorganization, consolidation, merger, combination, liquidation or other
similar plan relating to any such property. 
 (e) To engage any legal counsel, including counsel to the Company or any of its
affiliates or counsel to the Trustee, or any other suitable agents, to consult with such counsel or agents with respect to the construction of this Trust Agreement, the duties of the Trustee hereunder, the transactions contemplated by this Trust
Agreement or any act which the Trustee proposes to take or omit, to rely upon the advice of such counsel or agents and to pay its reasonable fees, expenses and compensation out of the Trust Fund, if not paid by the Company. 

(f) To register any investment held by it in its own name or in the name of any custodian or of its nominee, with or without the addition
of words indicating that such securities are held in a fiduciary capacity, but the books and records of the Trustee shall at all times show that all such investments are part of the Trust Fund. 

(g) To hold or to appoint an agent or custodian to hold any property hereunder in bearer form or in its own name or the name of its
nominee and to deposit or arrange for the deposit of any such securities or other property in a securities depository or clearing agency. 
 (h) To make, execute, acknowledge and deliver, as Trustee, any and all documents of transfer and conveyance and any and all other instruments in writing necessary or proper for the accomplishment of any
of the foregoing powers. 
 (i) At the direction of the Company, to transfer assets of the Trust Fund to a successor trustee as
provided in Section 11.4. 
 Each and all of the foregoing powers may be exercised without a court order or approval.

 SECTION 6. PAYMENTS TO TRUST BENEFICIARY. 

6.1 The Company shall provide the Trustee with payment instructions that indicate the amounts payable to each Trust Beneficiary, the form
in which such amounts are to be paid (as provided for under the Plan) and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments out of the Trust Fund to Trust Beneficiaries in
accordance with such payment instructions. Pursuant to instructions by the Company, the Trustee shall withhold federal and state income taxes from each payment made 

  
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under this Trust Agreement at the rate(s) designated by the Company and shall report and pay such amounts to the appropriate federal and state taxing authorities. The Trustee shall rely
completely on the Company’s instructions and shall have no duty to inquire into the accuracy of such instructions. The Trustee also shall rely completely on the Company’s determination, without any duty of inquiry, with respect to any
failure of the Plan to comply with Section 409A of the Code. The Trustee shall have no tax reporting or withholding obligations with respect to contributions made to the Trust or any taxable income or excise tax resulting from any failure to
comply with Section 409A of the Code. 
 6.2 If any check for a benefit directed to be made from the Trust has been mailed
by the Trustee, by regular United States mail, to the last known address of the Trust Beneficiary and is returned unclaimed, or if a benefit payment check is not cashed by the Trust Beneficiary, the Trustee shall notify the Company and the Company
shall be responsible for locating such Trust Beneficiary and for instructing the Trustee on the action to take with respect to the payment of such Trust Beneficiary’s benefits. 

6.3 The entitlement of a Trust Beneficiary to benefits under the Plan shall be determined by the Company or its designee (which may not
be the Trustee) and any claim for benefits shall be considered and reviewed under the claims procedures set forth in the Plan. The Trustee shall follow the instructions of the Company and shall have no duty or right to inquire into the
Company’s decision with respect to the payment of benefits and shall be fully indemnified therefor by the Company. 
 6.4
Each Participating Company may make payment of benefits directly to each such Participating Company’s Trust Beneficiaries as they become due under the terms of the Plan. The Company shall notify the Trustee of a Participating Company’s
decision to make payment of benefits directly prior to the time amounts are payable to Trust Beneficiaries. In addition, if the Trust Fund is not sufficient to make payments of benefits in accordance with the terms of the Plan, the respective
Participating Company shall make the balance of each such payment as it falls due. The Trustee shall notify the Company if the Trust Fund is not sufficient to make the requested benefit payments. 

6.5 Each Participating Company shall remain primarily liable to pay the benefits under the Plan with respect to which it is contractually
obligated to pay. However, each Participating Company’s liability under the Plan shall be reduced or offset to the extent benefit payments for which it is contractually obligated to pay are made from the Trust Fund. 

SECTION 7. FUNDING OF THE TRUST. 
 7.1 Funding of the Trust Fund by the Participating Companies is not mandatory. 

7.2 Each Participating Company may at any time or from time to time make additional deposits of money or other property acceptable to the
Trustee to the Trust Fund to augment the principal to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. Neither the Trustee nor any Trust Beneficiary shall have any right to compel such additional deposits.

  
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 SECTION 8. TRUSTEE RESPONSIBILITY REGARDING PAYMENTS TO  

TRUST BENEFICIARIES WHEN A PARTICIPATING COMPANY IS INSOLVENT. 

8.1 Upon receipt of notification issued in accordance with Section 8.2(a) hereof, the Trustee shall cease payment of benefits
to all Trust Beneficiaries if any Participating Company is Insolvent. A Participating Company shall be considered “Insolvent” for purposes of this Trust Agreement if: (i) the Board of Directors or the Chief Executive Officer of
the Company provides written certification to the Trustee that the Participating Company is unable to pay its debts as they become due, or (ii) the Participating Company is subject to a pending proceeding as a debtor under the United States
Bankruptcy Code. 
 8.2 At all times during the continuance of this Trust, as provided in Section 1.4 hereof, the
entire principal and income of the Trust Fund shall be subject to the claims of general creditors of a Participating Company in the event of the Participating Company’s Insolvency as set forth below: 

(a) The Board of Directors and the Chief Executive Officer of the Company shall have the duty to inform the Trustee in writing if a
Participating Company becomes Insolvent. If a person claiming to be a creditor of a Participating Company alleges in writing to the Trustee that the Participating Company has become Insolvent, the Trustee shall determine solely through written
certification of the Company whether the Participating Company is Insolvent and, pending such determination, the Trustee shall discontinue payment of benefits to all Trust Beneficiaries. 

(b) Unless the Trustee has received written notice from the Company or a person claiming to be a creditor of a Participating Company
alleging that the Participating Company is Insolvent, the Trustee shall have no duty to inquire whether a Participating Company is Insolvent. The Trustee may in all events rely on such certification concerning a Participating Company’s solvency
as may be furnished to the Trustee by the Company in accordance with Section 8.2(a) hereof. 
 (c) If at any time the
Trustee has received written notice of Insolvency from the Board of Directors or the Chief Executive Officer of the Company, the Trustee shall discontinue payments of benefits under the Plan to all Trust Beneficiaries and shall hold all the assets
in the Trust Fund for the benefit of general creditors of the Participating Company for which the Trustee has received such written notice of Insolvency; provided that, any assets held within the Trust Fund shall not be subject to the claims of any
other person’s general creditors, including without limitation, any other affiliates of the Company that may participate in the Plan, but do not hold assets through this Trust. The Trustee shall deliver the assets in the Trust Fund to satisfy
the claims of the Participating Company’s general creditors as directed by final order of a court of competent jurisdiction. Nothing in this Trust Agreement shall in any way diminish any rights of Trust Beneficiaries to pursue their rights as
general creditors of the Participating Company with respect to benefits due under the Plan or otherwise. 
 (d) The Trustee
shall resume the payment of benefits to the affected Trust Beneficiaries in accordance with this Trust Agreement only after the Board of Directors or Chief 

  
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Executive Officer of the Company has notified the Trustee in writing that the Participating Company is not Insolvent (or is no longer Insolvent). 

8.3 If the Trustee discontinues the payment of benefits from the Trust Fund pursuant to Section 8.2 hereof and subsequently resumes
such payments, the first payment to each affected Trust Beneficiary following such discontinuance shall, provided that there are sufficient assets in the Trust Fund, include the aggregate amount of all payments which would have been made to such
Trust Beneficiary in accordance with the relevant provisions of the Plan during the period of such discontinuance, less the aggregate amount of any payments made to such Trust Beneficiary by the Participating Companies during any such period of
discontinuance. 
 SECTION 9. TAXES, EXPENSES AND TRUSTEE FEES. 

9.1 The Participating Companies shall from time to time pay taxes of any and all kinds whatsoever which at any time are lawfully levied
or assessed upon or become payable in respect of the Trust Fund, the income or any property forming a part thereof, or any security transaction pertaining thereto. Subject to the provisions of Section 6.1 hereof, to the extent that any taxes
levied or assessed upon the Trust Fund are not paid by the Participating Companies, the Trustee shall pay such taxes out of the Trust Fund. The Trustee shall, if requested by the Company, contest the validity of taxes in any manner deemed
appropriate by the Company or its counsel, but only at the Company’s expense, and only if it has received an indemnity bond or other security satisfactory to it to pay any such expenses. In the alternative, the Company may itself contest the
validity of any such taxes. The Trustee will withhold federal and state income taxes from any payments made to a Trust Beneficiary in accordance with Section 6.1 of this Agreement. 

9.2 The Company shall pay the Trustee a fee of $2,000.00 annually as compensation for its services hereunder. The Trustee fee may be
changed by the Trustee upon 90 days prior written notice to the Company. The Company also shall pay the administrative expenses and other expenses incurred by the Trustee in the performance of its duties under this Trust Agreement, including but not
limited to brokerage commissions, fees of counsel engaged by the Trustee pursuant to Section 5.1(e) hereof and fees for preparation of annual trust tax returns. Such fees and expenses shall be charged against and paid from the Trust Fund, to
the extent the Company does not pay such fees and expenses. 
 SECTION 10. ADMINISTRATION AND RECORDS. 

10.1 The Trustee shall keep or cause to be kept accurate and detailed accounts of any investments, receipts, disbursements and other
transactions under the Trust and all accounts, books and records relating thereto shall be open to inspection and audit at all reasonable times by any person designated by the Company. All such accounts, books and records shall be preserved (in
original form, or on microfilm, magnetic tape or any other similar process) for such period as the Trustee may determine, but the Trustee may only destroy such accounts, books and records after first notifying the Company in writing of its intention
to do so and transferring to the Company any of such accounts, books and records requested. 

  
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 10.2 Within ninety (90) days after the close of each Plan Year (as such term is defined
in the Plan), and within ninety (90) days after the removal or resignation of the Trustee or the termination of the Trust, the Trustee shall file with the Company a written account setting forth all investments, receipts, disbursements and
other transactions effected by it during the preceding Plan Year, or during the period from the close of the preceding Plan Year to the date of such removal, resignation or termination, including a description of all investments and securities
purchased and sold with the cost or net proceeds of such purchases or sales and showing all cash, securities and other property held at the end of such Plan Year or other period. Upon the expiration of ninety (90) days from the date of filing
such annual or other account, the Trustee shall to the maximum extent permitted by applicable law be forever released and discharged from all liability and accountability with respect to the propriety of its acts and transactions shown in such
account except with respect to any such acts or transactions as to which the Company shall within such ninety (90) day period file with the Trustee written objections. 
 10.3 The Trustee shall upon the Company’s reasonable request permit an independent public accountant selected by the Company to have access during ordinary business hours to such records as may be
necessary to audit the Trustee’s accounts for the Trust. 
 10.4 As of each valuation date set forth in the Plan and at
such other times as is necessary or as the Trustee and the Company agree, the fair market value of the assets held in the Trust Fund shall be determined. The valuation shall be based, without independent investigation, upon valuations provided by
investment managers, trustees of common trust funds, sponsors of mutual funds and records of securities exchanges. Notwithstanding the foregoing, the Trustee shall not be responsible for providing the value of any bank investment contracts,
structured or synthetic investment contracts or insurance contracts, or for any asset which is not liquid or not publicly traded, the value of which shall be provided by the Company. The Trustee may obtain the opinions of qualified appraisers, as
necessary in the discretion of the Trustee, to determine the fair market value of any security or other obligation issued by the Company or any of its affiliates, the fees of which appraiser shall, unless paid by the Company, be paid from the Trust
Fund. 
 10.5 Nothing contained in this Trust Agreement shall be construed as depriving the Trustee or Company of the right to
have a judicial settlement of the Trustee’s accounts. 
 10.6 In the event of the removal or resignation of the Trustee,
the Trustee shall deliver to the successor trustee all records which shall be required by the successor trustee to enable it to carry out the provisions of this Trust Agreement. 

10.7 The Trustee shall prepare and file such tax reports and other returns as the Company and the Trustee may from time to time agree to
in writing. 
 SECTION 11. REMOVAL OR RESIGNATION OF THE TRUSTEE 

AND DESIGNATION OF SUCCESSOR TRUSTEE. 
 11.1 At any time the Company may remove the Trustee with or without cause, upon at least sixty (60) days advance written notice to the Trustee. 

  
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 11.2 The Trustee may resign at any time upon at least sixty (60) days advance written
notice to the Company. 
 11.3 In the event of such removal or resignation, the Trustee shall duly file with the Company a
written account as provided in Section 10.2 of this Trust Agreement for the period since the last previous annual accounting, listing the investments of the Trust and any uninvested cash balance thereof, and setting forth all receipts,
disbursements, distributions and other transactions respecting the Trust not included in any previous account, and if written objections to such account are not filed as provided in Section 10.2, the Trustee shall to the maximum extent
permitted by applicable law be forever released and discharged from all liability and accountability with respect to the propriety of its acts and transactions shown in such account. 

11.4 Prior to the effective date of the removal or resignation of the Trustee, the Company shall designate a successor trustee qualified
to act hereunder. In the event that the Company fails to designate a successor trustee as of the effective date of the Trustee’s resignation or removal, the Trustee shall have the right to apply to a court of competent jurisdiction for the
appointment of a successor. All of the Trustee’s expenses in such court proceeding, including attorneys’ fees, shall, if not paid by the Company, be allowed as administrative expenses of the Trust. Each such successor trustee, during such
period as it shall act as such, shall have the powers and duties herein conferred upon the Trustee, and the word “Trustee” wherever used herein, except where the context otherwise requires, shall be deemed to include any successor trustee.
Upon designation of a successor trustee and delivery to the resigned or removed Trustee of written acceptance by the successor trustee of such designation, such resigned or removed Trustee shall promptly assign, transfer, deliver and pay over to
such Trustee, in conformity with the requirements of applicable law, the funds and properties in its control or possession then constituting the Trust Fund. 
 SECTION 12. ENFORCEMENT OF TRUST AGREEMENT AND LEGAL PROCEEDINGS. 
 The Company shall have the right to enforce any provision of this Trust Agreement. In any action or proceedings affecting the Trust, the only necessary parties shall be the Company and the Trustee and,
except as otherwise required by applicable law, no other person shall be entitled to any notice or service of process. Any judgment entered in such an action or proceedings shall, to the maximum extent permitted by applicable law, be binding and
conclusive on all persons having or claiming to have any interest in the Trust. 
 SECTION 13. TERMINATION AND
SUSPENSION. 
 The Trust shall terminate when all payments, which have or may become payable to Trust Beneficiaries
pursuant to the terms of the Plan, have been made or the Trust Fund has been exhausted. The Company also may terminate the Trust prior to the time that all benefit payments have been made pursuant to the Plan, upon written approval of all Trust
Beneficiaries entitled to payment of benefits under this Trust. The Trustee shall have no duty to determine whether all benefit payments have been made to Trust Beneficiaries and may rely on the Company’s notification regarding such payment.
Upon termination of the Trust, all remaining assets shall then be paid by the Trustee to the Participating Companies. 

  
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 SECTION 14. AMENDMENTS. 

14.1 The Company and the Trustee may from time to time by written instrument, amend any or all of the provisions of this Trust Agreement.
Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 3 hereof. 

14.2 The Company shall furnish the Trustee with a copy of all amendments to the Plan. 

SECTION 15. NONALIENATION. 
 Except insofar as applicable law may otherwise require and subject to Sections 1, 3 and 8 of this Trust Agreement: (i) no amount payable to or in respect of any Trust Beneficiary at any time under
the Trust shall be subject to any manner of alienation by anticipation, sale, transfer, assignment, bankruptcy, pledge, attachment, charge or encumbrance of any kind, and any attempt to so alienate, sell, transfer, assign, pledge, attach, charge or
otherwise encumber any such amount, whether presently or thereafter payable, shall be void; and (ii) the Trust Fund shall in no manner be liable for or subject to the debts or liabilities of any Trust Beneficiary. 

SECTION 16. COMMUNICATIONS. 
 16.1 Communications to the Company shall be addressed to the Company at One Alpha Place, Abingdon, VA 24212; provided, however, that upon the Company’s written request, such communications shall be
sent to such other address as the Company may specify. 
 16.2 Communications to the Trustee shall be addressed to T. Rowe
Price Trust Company at 100 East Pratt Street, Baltimore, Maryland 21202; Attention Legal Department; provided, however, that upon the Trustee’s written request, such communications shall be sent to such other address as the Trustee may specify.

 16.3 No communication shall be binding on the Trustee until it is received by the Trustee, and no communication shall be
binding on the Company until it is received by the Company. 
 16.4 Any action of the Company pursuant to this Trust Agreement,
including all orders, requests, directions, instructions, approvals and objections of the Company to the Trustee, shall be in writing or by such electronic transmission as agreed upon by the Company and the Trustee, signed on behalf of the Company
by any duly authorized officer of the Company. Any communication by a Trust Beneficiary with the Trustee must be in writing in order to have effect. The Trustee may rely on, and will be fully protected with respect to, any such action taken or
omitted in reliance on any information, order, request, direction, instruction, approval, objection, or list delivered to the Trustee by the Company. 
 SECTION 17. INDEMNIFICATION. 
 The Company shall indemnify and hold
harmless the Trustee (including its affiliates, representatives, agents and employees) from and against any liability, cost or other expense, including, but not limited to, the payment of attorneys’ fees that the Trustee incurs in prosecuting

  
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or defending against any claim or litigation in connection with the Trust or that the Trustee otherwise incurs in connection with this Trust Agreement or the Plan, unless such liability, cost or
other expense arises from the Trustee’s own willful misconduct or gross negligence. 
 SECTION 18.
MISCELLANEOUS PROVISIONS. 
 18.1 Successors and Assigns. This Trust Agreement shall be binding
upon and inure to the benefit of the Company, the Participating Companies and the Trustee and their respective successors and assigns. 
 18.2 No Assumption/Limitation of Duties. The Trustee assumes no obligation or responsibility with respect to any action required by this Trust Agreement on the part of the Company. The
duties of the Trustee with respect to the Plan and this Trust are limited to those as specifically set forth under the terms of this Trust Agreement. Without limiting the generality of the preceding sentence, the Trustee is not a party to the Plan,
has no obligation to know or interpret any provision of the Plan, assumes no responsibility for plan design, and assumes no responsibility for any particular tax effect for any person with respect to or arising out of the Plan or this Trust. 

 18.3 Headings. Titles to the Sections as well as all headings and subheadings of this Trust Agreement are
included for convenience only and shall not control the meaning or interpretation of any provision of this Trust Agreement. 
 18.4 Conflict with Plan. In the event of any conflict between the provisions of the Plan document and this Trust Agreement, the provisions of this Trust Agreement shall prevail.

 18.5 Construction. Whenever used in this Trust Agreement, unless the context indicates otherwise, the
singular shall include the plural, the plural shall include the singular, and the male gender shall include the female gender. 
 18.6 Severability. If any provision of this Trust Agreement is held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision, and this Agreement
shall be construed and enforced as if such provision had not been included. 
 18.7 Law to Govern. This
Trust Agreement and the Trust established hereunder shall be governed by and construed, enforced and administered in accordance with the laws of the State of Maryland and the Trustee shall be liable to account only in the courts of the State of
Maryland. 
 18.8 Counterparts. This Trust Agreement may be executed in any number of counterparts, each of
which shall be deemed to be the original and all of which together shall constitute one and the same instrument. 

18.9 Trustee as Successor Trustee. If the Trustee is acting as a successor trustee with respect to the Trust, the Company
shall indemnify the Trustee against all liabilities with respect to the Trust arising prior to the appointment of the Trustee and its acceptance thereof. 

  
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 18.10 Patriot Act Compliance. Pursuant to federal law, the Trustee is required
to obtain certain information relating to the Trust and/or the Company and to verify and maintain the information. Also under federal law, the Trustee is required to provide the following notice: Before the Trust can be funded, the Trustee must have
or be provided with: (a) the taxpayer identification number of the Trust and/or the Company (or have a copy of a submitted taxpayer identification number application for the Trust); (b) a signed copy of the Trust Agreement; and
(c) the Company’s street address (a place to contact the Company for matters regarding the Trust). If the Trustee is not provided or able to verify any such information, the Trust may be frozen or closed. 

18.11 Effective Date. This Trust Agreement shall be effective January 1, 2011. 

  
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 18.12 Signature Authority and Conformity with the Plan. The person executing
this Trust Agreement on behalf of the Company certifies that he or she is duly authorized by the Company consistent with the terms of the Plan to do so. The Company represents that copies of all Plan documents as in effect on the date of this Trust
Agreement have been delivered to the Trustee. 
 18.13 Code Section 409A. Notwithstanding any
provisions of this Trust Agreement or the Plan to the contrary: (i) to the extent applicable, this Trust Agreement and the Plan are intended to comply with Section 409A of the Code and any rules or regulations issued thereunder or an
exception thereto, and shall be interpreted and construed accordingly; (ii) the assets of the Trust shall not be restricted in a manner that would result in a transfer of property as provided under Section 409A(b)(2) of the Code (relating
to the employer’s financial health) or Section 409A(b)(3) of the Code (relating to the funding status of the employer’s defined benefit plans); and (iii) no contribution to this Trust may be made during any “restricted
period” within the meaning of Section 409A(b)(3) of the Code; provided, however, to the extent a contribution is made during any such “restricted period,” the Trustee shall immediately return such contribution to the Company upon
written notice thereof from the Company and shall take any such other action reasonably requested by the Company as may be necessary or advisable to avoid a violation of Section 409A(b)(3) of the Code. The Company shall have the duty to notify
the Trustee in writing of the commencement of a “restricted period.” The Trustee shall have no duty to inquire as to the existence of a “change in the employer’s financial health” and/or of a “restricted period”
and may conclusively presume that no “change in the employer’s financial health” or “restricted period” exists in the absence of written notice from the Company.  

IN WITNESS WHEREOF, this Trust Agreement has been duly executed by the parties hereto. 

 

							
	Attest/Witness:	 		 	ALPHA NATURAL RESOURCES, INC.
				
	  
	 		 	By:	 	  

				
		 		 	Name:	 	  

				
		 		 	Title:	 	  

				
		 		 	Date:	 	  

			
	Attest/Witness:	 		 	T. ROWE PRICE TRUST COMPANY

							
				
	  
	 		 	By:	 	  

		 		 		 	    Vice President

  
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		 		 	Name:	 	  

				
		 		 	Date:	 	  

  
 - 14 -

 APPENDIX A 
 TO THE 
 ALPHA SERVICE COMPANIES RABBI TRUST AGREEMENT 

LIST OF PARTICIPATING COMPANIES 
 (as of May 1, 2011) 
 List of Participating Companies 

As of January 1, 2011, the following affiliated subsidiaries of Alpha Natural Resources, Inc. had adopted the Alpha Service Companies Rabbi Trust
Agreement for the benefit of their respective eligible employees: 
 Alpha Coal Sales Co., LLC 

Alpha Natural Resources Services, LLC 
 Maxxim
Shared Services, LLC 
 As of May 1, 2011, the following affiliated subsidiaries of Alpha Natural Resources, Inc. have adopted the Alpha
Service Companies Rabbi Trust Agreement for the benefit of their respective eligible employees: 
 Alpha Australia, LLC 

Alpha Australia Services, LLC 
 Alpha India, LLC

  
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