Document:

EX-10.1

 Exhibit 10.1 
 CLEARWATER PAPER CORPORATION 
 ANNUAL INCENTIVE PLAN 

Effective January 1, 2014 

 CLEARWATER PAPER CORPORATION 

ANNUAL INCENTIVE PLAN 

Effective January 1, 2014 
 1.
ESTABLISHMENT AND PURPOSE 
 The Clearwater Paper Corporation Annual Incentive Plan (the “Plan”) is intended to provide annual incentive
bonus awards to designated eligible employees of the Corporation. The Plan is intended to comply with, in the case of covered employees, the exception for “qualified performance-based compensation” under Section 162(m) of the Code,
and with the requirements of Section 409A of the Code, to the extent applicable, or one or more exemptions therefrom. 
 2. DEFINITIONS

 (a) “Applicable Severance Plan” means the Clearwater Paper Change of Control Plan, the Clearwater Paper Executive
Severance Plan, the Clearwater Paper Salaried Severance Plan or a separate, written employment agreement providing severance benefits, whichever is applicable to the Participant at the time of his or her termination of employment from the
Corporation, including any successor severance plan or agreement provided by Clearwater Paper or a successor thereto following a Change of Control. 
 (b) “Award” means an award under the Plan. 
 (c) “Award Year” means a Year with
respect to which Awards are made. 
 (d) “Board of Directors” means the Board of Directors of Clearwater Paper Corporation.

 (e) “CEO” means the Chief Executive Officer of Clearwater Paper Corporation. 

(f) “Change of Control” means the effective date of any one of the following events: 

(i) Upon consummation of a merger or consolidation involving Clearwater Paper (a “Business Combination”), in each case, unless, following
such Business Combination, 
 (A) all or substantially all of the individuals and entities who were the beneficial owners, respectively,
of the then outstanding shares of common stock of Clearwater Paper (the “Outstanding Common Stock”) and the then outstanding voting securities of Clearwater Paper entitled to vote generally in the election of directors (the
“Outstanding Voting Securities”) immediately prior to such Business Combination beneficially own, directly or indirectly, more than fifty percent (50%) of, respectively, the then outstanding shares of common stock and the combined
voting power of the then outstanding voting securities entitled to vote generally in the election of directors of the corporation or other entity resulting from such Business Combination (including, without limitation, a corporation or other entity
which as a result of such transaction owns Clearwater Paper either directly or through one or more subsidiaries), 
 (B) no individual,
entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act)) (a “Person”) (excluding any corporation or other entity resulting from such Business
Combination or any employee benefit plan (or related trust) sponsored or maintained by Clearwater Paper or any of its Subsidiaries or such other corporation or other entity resulting from such Business Combination) beneficially owns, directly or
indirectly, thirty percent (30%) or more of, respectively, the then outstanding shares of common stock or common equity of the corporation or other entity resulting from such Business Combination or the

  
 A-1 

 
combined voting power of the then outstanding voting securities of such corporation or other entity except to the extent that such ownership is based on the beneficial ownership, directly or
indirectly, of Outstanding Common Stock or Outstanding Voting Securities immediately prior to the Business Combination, and 
 (C) at
least a majority of the members of the board of directors or similar governing body of the corporation or other entity resulting from such Business Combination were members of the Board of Directors at the time of the execution of the initial
agreement, or of the action of the Board of Directors, providing for such Business Combination; or 
 (ii) On the date that individuals
who, as of 12:01 a.m. (Pacific) on the Effective Date, constitute the Board of Directors (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors; provided, however, that any individual who
becomes a member of the Board of Directors on or subsequent to the day immediately following the Effective Date whose election, or nomination for election by Clearwater Paper’s stockholders, was approved by a vote of at least a majority of the
members of the Board of Directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for purposes of this proviso, any such individual whose appointment to the Board
of Directors occurs as a result of an actual or threatened election contest with respect to the election or removal of a member or members of the Board of Directors, an actual or threatened solicitation of proxies or consents or any other actual or
threatened action by, or on behalf of, any Person other than the Incumbent Board; or 
 (iii) Upon the acquisition on or after the
Effective Date by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of thirty percent (30%) or more of either 
 (A) the then Outstanding Common Stock, or 
 (B) the combined voting power of the Outstanding Voting
Securities; 
 provided, however, that the following acquisitions shall not be deemed to be covered by this paragraph (iii): 

(I) any acquisition of Outstanding Common Stock or Outstanding Voting Securities by the Corporation, 

(II) any acquisition of Outstanding Common Stock or Outstanding Voting Securities by any employee benefit plan (or related trust) sponsored or
maintained by the Corporation, or 
 (III) any acquisition of Outstanding Common Stock or Outstanding Voting Securities by any
corporation pursuant to a transaction which complies with clauses (A), (B) and (C) of Section 2(e)(i); or 
 (iv) Upon the
consummation of the sale, lease or exchange of all or substantially all of the assets of Clearwater Paper; or 
 (v) Upon the approval by
the stockholders of Clearwater Paper of a complete liquidation or dissolution of Clearwater Paper. 
 (g) “Clearwater Paper”
means Clearwater Paper Corporation, a Delaware corporation. 
 (h) “Code” means the Internal Revenue Code of 1986, as amended.

 (i) “Committee” means the committee which shall administer the Plan in accordance with Section 3. 

  
 A-2 

 (j) “Corporation” means Clearwater Paper Corporation and its Subsidiaries. 

(k) “Covered Employee” means a “covered employee” within the meaning of Section 162(m) of the Code and the regulations
thereunder. 
 (l) “Disability” means a condition pursuant to which the Participant is— 

(i) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than 12 months; or 
 (ii) by reason of any
medically determinable physical or mental impairment which 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 Corporation. 
 (m) “Effective Date” means January 1, 2014.

 (n) “Employee” means a full-time salaried employee (including any Executive Officer) of the Corporation. 

(o) “Exchange Act” means the Securities and Exchange Act of 1934, as amended. 

(p) “Executive Officer” means any Employee of the Corporation designated as an “executive officer” by the Board of Directors
with respect to the applicable Award Year. 
 (q) “Guidelines” means the Clearwater Paper Corporation Stock Ownership
Guidelines. 
 (r) “Management Deferred Compensation Plan” means the Clearwater Paper Corporation Management Deferred
Compensation Plan, and any successor plan. 
 (s) “Participant” means any Executive Officer and any other Employee actively
employed by the Corporation during an Award Year in a position designated as a participating position in accordance with rules and regulations adopted by the Committee. 
 (t) “Retirement” means (i) the Participant’s early or normal retirement and commencement of benefit payments under the Clearwater Paper Salaried Retirement Plan, or (ii) if the Participant
does not have an accrued benefit under such Retirement Plan, the Participant’s termination of service for the Corporation on or after the earlier of his or her (A) attainment of age 65 or (B) attainment of age 55 and completion of 10
years of service for the Corporation. 
 (u) “Subsidiary” means any corporation fifty percent (50%) or more of the voting
stock of which is owned by Clearwater Paper or by one or more of such corporations. 
 (v) “Year” means the calendar year.

 3. ADMINISTRATION OF THE PLAN 
 The Plan shall be
administered by the Compensation Committee of the Board of Directors, or such other committee as may be designated and appointed by the Board of Directors which shall consist of at least three (3) members of the Board of Directors.
Notwithstanding the foregoing, with respect to Participants who are Executive Officers or who are otherwise Covered Employees, except in the case of a Change of Control as explained below, the Committee shall consist solely of “outside
directors” within the meaning of Section 162(m). No member of the Committee shall be eligible to participate and receive Awards under the Plan while serving as a member of the Committee. 

In addition to the powers and duties otherwise set forth in the Plan, the Committee shall have full power and authority to administer and interpret the Plan, to
establish procedures for administering the 

  
 A-3 

 
Plan, to adopt and periodically review such rules and regulations consistent with the terms of the Plan as the Committee deems necessary or advisable in order to properly carry out the provisions
of the Plan, to receive and review an annual report to be submitted by the CEO which shall describe and evaluate the operation of the Plan, and to take any and all necessary action in connection therewith. The Committee’s interpretation and
construction of the Plan and its determination of the amount of any Award thereunder shall be conclusive and binding on all persons. In making such determinations, the Committee shall be entitled to rely on information and reports provided by the
CEO, the Senior Vice President, Legal or the Senior Vice President, Human Resources of Clearwater Paper (or in the event of a restructuring or vacancy in any such position, the officer of Clearwater Paper to whom has been delegated the
responsibilities of such restructured or vacant position). 
 Within thirty (30) days after a Change of Control, the Committee shall appoint an
independent committee consisting of at least three (3) current (as of the effective date of the Change of Control) or former Corporation officers and directors, which shall thereafter administer all claims for benefits under the Plan. Upon such
appointment the Committee shall cease to have any responsibility for claims administration under the Plan. 
 4. ELIGIBILITY AND PARTICIPATION

 The CEO shall designate the Employees who will participate in the Plan for an Award Year, in accordance with the Committee’s rules and
regulations. 
 5. AWARDS 
 Awards shall be
determined in accordance with Sections 6, 7 and 8 following the close of the Award Year and, unless deferred in accordance with the Management Deferred Compensation Plan, shall be paid no later than March 15 following the close of the Award
Year. 
 6. DETERMINING THE TARGET BONUS POOLS AND PERFORMANCE TARGETS 
 (a) Prior to or during the first 90 days of each Award Year, the Committee shall approve, in accordance with this Section 6 and the Committee’s rules and regulations, 

	 	¡	 	 the methodology for determining each Participant’s target bonus for the Award Year; 

	 	¡	 	 the number of, and the methodology for determining, target bonus pools for the Award Year; 

	 	¡	 	 the extent to which Participants shall participate in each target bonus pool; and 

	 	¡	 	 the performance criteria and specific performance targets that will be used to determine the percentage of each target bonus pool that will be funded.

 (b) Qualifying Performance Criteria.    For the purpose of measuring performance for an
Award Year, the Committee shall provide for the use of one or more of the following performance criteria (“Qualifying Performance Criteria”) for an Award Year, either individually or in any combination, applied either to the Corporation,
Clearwater Paper, an organization unit or Subsidiary, either individually or in any combination, and measured on an absolute basis or a relative basis compared to a pre-established target, to previous years’ results or to the performance of one
or more comparable companies or a designated comparison group or index, in each case as specified by the Committee: 

	 	¡	 	 Cash flow: operating cash flow, free cash flow, cash flow per share, net operating cash flow, discounted cash flow in excess of cost of capital;

	 	¡	 	 Earnings per share, including diluted earnings per share; 

	 	¡	 	 Earnings: EBI, EBIT, EBITD, EBITDA, or any combination of the foregoing; 

	 	¡	 	 Return: return on invested capital, return on stockholders’ equity, total stockholder return, return on assets, return on net assets;

	 	¡	 	 Sales: gross sales, net sales; 

	 	¡	 	 Income: gross income, net income, operating income, net operating income, income from continuing operations, pre-tax income; 

  
 A-4 

	 	¡	 	 Margin: gross margin, profit margin, operating margin, pre-tax operating margin (including EBI, EBIT, EBITD or EBITDA margin); 

	 	¡	 	 Share: market share, market segment share, product share, customer share, channel share; 

	 	¡	 	 Completion of acquisitions, divestitures, joint ventures and restructurings; 

	 	¡	 	 Working capital: in absolute terms, or as a percentage of sales or net sales; 

	 	¡	 	 Debt: in absolute terms (including total debt and total debt plus equity) or as a ratio of debt to debt plus equity; 

	 	¡	 	 Value added: shareholder value added, market value added, economic value added; 

	 	¡	 	 Customer: customer satisfaction, customer loyalty, customer retention, customer service levels; 

	 	¡	 	 Cost: cost structure, cost reduction, cost savings, cost of goods sold, cost of goods sold adjusted for mix, cost of capital; 

	 	¡	 	 Operating goals: performance against strategic objectives, overall equipment effectiveness, safety, employee satisfaction; 

	 	¡	 	 Share price performance; and 

	 	¡	 	 Economic profit. 

 After the end of the Award
Year the Committee shall determine and certify the extent to which the Qualifying Performance Criteria have been met. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude the effect
of any of the following that occur during a performance period: 

	 	¡	 	 Asset write-downs; 

	 	¡	 	 Litigation or claim judgments or settlements; 

	 	¡	 	 Changes in law, accounting principles or other such laws or provisions affecting reported results; 

	 	¡	 	 Corporate reorganizations or restructurings; 

	 	¡	 	 Mergers, acquisitions, dispositions or spin-offs; 

	 	¡	 	 Discontinued operations; 

	 	¡	 	 Major maintenance; 

	 	¡	 	 “Mark-to-market” accounting adjustments for equity awards; and 

	 	¡	 	 Any extraordinary, nonrecurring items to be disclosed in the Corporation’s financial statements (including footnotes) for the applicable year and/or in
management’s discussion and analysis of the financial condition and results of operations appearing in the Corporation’s annual report to stockholders for the applicable year. 

(c) Individual Performance Criteria.    The Committee may provide in its rules and regulations that all or a portion of
the bonus payable to a Participant under this Plan for an Award Year shall be conditioned on the Participant achieving certain pre-established individual performance objectives for such Award Year, in addition to the Corporation or applicable
organization unit or Subsidiary achieving pre-established performance targets. For the avoidance of doubt, no bonus shall be payable to any such Participant under this Plan for an Award Year if the Corporation or applicable organization unit or
Subsidiary fails to achieve the applicable threshold level of performance established by the Committee for the Award Year, based on one or more of the qualifying performance criteria listed in Section 6(b) above. 

7. CERTIFICATION OF PERFORMANCE AND FUNDING OF BONUS POOLS 

After the end of the Award Year and prior to the payment of any Award to any Participant for the Award Year, the Committee shall certify in writing (a) the
actual level of performance achieved by the Corporation with respect to the Qualifying Performance Criteria selected in accordance with Section 6, and (b) based on those actual levels of performance and the funding percentages previously
approved by the Committee in accordance with Section 6, the percentage of each target bonus pool that shall be funded. 

  
 A-5 

 8. PAYMENT OF FUNDED BONUS POOLS TO PARTICIPANTS 
 The funded bonus pools shall be paid to Participants based on the Committee’s rules and regulations, previously approved pursuant to Section 6, for determining the extent to which Participants participate
in the different bonus pools. 
 (a) Each Participant’s Award, consisting of his or her eligible share of each of the funded bonus
pools, shall be subject to review by and approval of the CEO (or by the Committee in the case of the CEO’s Award). Notwithstanding the foregoing, the final determination to adjust an Award payable to any Executive Officer or any other Covered
Employee shall be made solely by the Committee. The Committee in its discretion may reduce (but may not increase) the Award payable to any Executive Officer or any other Covered Employee. Moreover, the Award of any Executive Officer or any other
Covered Employee shall not be increased based on the Committee’s (or the CEO’s or another individual’s) exercise of discretion to reduce the Awards payable to other Participants. 

(b) In no event shall the Award granted to the CEO exceed $2.5 million, or the Award granted to any other Participant exceed $1.5 million.

 9. FORM AND TIME OF PAYMENT OF AWARDS 
 (a) All non-deferred Awards under the Plan shall be paid in cash to all Participants other than those subject to the Guidelines. For a Participant subject to the Guidelines, the Award shall be paid in a combination
of fifty percent (50%) cash and fifty percent (50%) common stock of Clearwater Paper if the Participant has not reached his or her required ownership level under the Guidelines or has not maintained one hundred percent (100%) of the
applicable guideline amount in subsequent years. The number of shares of common stock shall be determined by dividing the dollar value of the portion of the Award allocated as stock by the closing price of Clearwater Paper’s common stock on the
date of the Committee meeting at which the Award payments are approved. Award amounts shall be prorated for the portion of the Award Year the Employee was an eligible Participant in accordance with rules and regulations adopted by the Committee.
Subject to the Applicable Severance Plan, a Participant whose employment is terminated before the end of an Award Year for any reason other than death, Disability or Retirement shall not be entitled to receive an Award. Notwithstanding any other
provision of this Plan, in no event may the achievement of performance goals for any Participant who is an Executive Officer or who is otherwise a Covered Employee be waived except in the event of such Participant’s death or Disability or
pursuant to Section 14 below. 
 (b) Notwithstanding the foregoing, a Participant may be permitted to elect to defer receipt of
payment of all or a portion of an Award subject to, and in accordance with, the terms of the Management Deferred Compensation Plan. 
 (c)
Notwithstanding any other provision of the Plan, the Board of Directors or the Committee may, in its sole discretion, determine limits on the amount and alter the time and form of payment of Awards with respect to an Award Year. 

10. NO ASSIGNMENT OF INTEREST 
 The interest of any person in
the Plan or in payments to be received pursuant to it shall not be subject to option or assignable either by voluntary or involuntary assignment or by operation of law, and any act in violation of this section shall be void. 

11. EMPLOYMENT RIGHTS 
 The selection of an Employee as a
Participant shall not confer any right on such Employee to receive an Award under the Plan or to continue in the employ of the Corporation or limit in any way the right of the Corporation to terminate such Participant’s employment at any time.

  
 A-6 

 12. AMENDMENT OR TERMINATION OF THE PLAN 
 The Board of Directors or the Committee may amend, suspend or terminate the Plan at any time; provided, however, that any amendment adopted or effective on or after July 1 in any Award Year which would
adversely affect the calculation of a Participant’s Award or the Participant’s eligibility for an Award for such Award Year shall be applied prospectively from the date the amendment was adopted or effective, whichever is later; provided,
further that if the Plan is terminated effective on or after July 1 in any Award Year such termination shall not adversely affect any Participant’s eligibility for a pro rata share of an Award for the period of such Award Year before the
date the termination was adopted or effective, whichever is later, subject to all other applicable terms and conditions of the Plan. The foregoing notwithstanding, no amendment adopted nor termination of the Plan following the occurrence of a Change
of Control shall be effective if it (a) would reduce a Participant’s target bonus for the Award Year in which the Change of Control occurs, (b) would reduce an Award earned and payable to a Participant in respect of the Award Year
that ended immediately before the Award Year in which the Change of Control occurs, or (c) modify the provisions of this sentence. 
 Notwithstanding
the foregoing, the Senior Vice President, Legal or the Senior Vice President, Human Resources of Clearwater Paper (or in the event of a restructuring or vacancy in either such position, the officer of Clearwater Paper to whom has been delegated the
responsibilities of such restructured or vacant position) shall have the power and authority to amend the Plan with respect to any amendment that (i) does not materially increase the cost of the Plan to the Corporation or (ii) is required
to comply with new or changed legal requirements applicable to the Plan, including, but not limited to, Section 409A of the Code. 
 13.
SUCCESSORS AND ASSIGNS 
 The Plan shall be binding upon the Corporation, its successors and assigns, and any parent corporation of the
Corporation’s successors or assigns. Notwithstanding that the Plan may be binding upon a successor or assign by operation of law, the Corporation shall require any successor or assign to expressly assume and agree to be bound by the Plan in the
same manner and to the same extent that the Corporation would be if no succession or assignment had taken place. 
 14. CHANGE OF CONTROL

 Notwithstanding any other provision of the Plan to the contrary, this Section 14 shall apply with respect to the determination of Awards and
the payment of Awards following a Change of Control. 
 (a) With respect to any Award earned but not yet paid in respect of the Award Year
that ended immediately before the Award Year in which a Change of Control occurs, each Participant shall be paid his or her Award determined in accordance with Sections 5 through 8 based on the performance results for the applicable Award Year. Such
Award shall be paid at the time prescribed in Sections 5 and 9(a) for the applicable Award Year. 
 (b) In the event that the employment
of a Participant terminates following a Change of Control and the Participant has met the conditions for receiving severance payments under the Applicable Severance Plan, such Participant shall be paid a prorated Award for the Award Year in which
the Change of Control occurs based on the Participant’s target bonus for such Award Year. The prorated Award shall be calculated by multiplying the Participant’s target bonus for such Award Year by a fraction, the numerator of which is the
number of days the Participant was employed by the Corporation during such Award Year and the denominator of which is 365. Such prorated Award shall be paid at such time as the Participant is paid cash severance benefits pursuant to the Applicable
Severance Plan. 

  
 A-7 

 15. CLAWBACK 

Notwithstanding any other provision of this Plan to the contrary, the Committee reserves the right to cancel or adjust the amount of any Award if the financial
statements of the Corporation on which the calculation or determination of the Award was based are subsequently restated due to error or misconduct and, in the judgment of the Committee, the financial statements as so restated would have resulted in
a smaller or no Award if such information had been known at the time the Award had originally been calculated or determined. In addition, in the event of such a restatement, the Corporation reserves the right to require a Participant to repay to the
Corporation the amount by which the Award as originally calculated or determined exceeds the Award as adjusted pursuant to the preceding sentence. 

  
 A-8EX-10.72

 Exhibit 10.72 

AMENDED AND RESTATED COAL PROCESSING AND LOADING AGREEMENT 

THIS AMENDED AND RESTATED COAL PROCESSING AND LOADING AGREEMENT (“Agreement”) is entered into as of October 1, 2011
between WILLIAMSON ENERGY, LLC, a Delaware limited liability company (“Owner”) and MACH MINING LLC, a Delaware limited liability company (“Contractor”). 

RECITALS 
 A. Owner
and Mach Processing, LLC entered into that certain Coal Processing and Loading Agreement dated July 1, 2005 (“Coal Processing and Loading Agreement”); thereafter Mach Processing, LLC merged into Contractor on or around
December 22, 2009; now Owner and Contractor (as the successor and/or assignee of Mach Processing, LLC) desire to amend in part and restate in its entirety the Coal Processing and Loading Agreement in this Amended and Restated Coal Processing
and Loading Agreement. 
 B. Owner owns or otherwise has the right to possession of a coal processing and loading facility
(“Facility”) located in Williamson County, Illinois, which property includes a tract shown on a map attached hereto as Exhibit A (such tract hereinafter referred to as the “premises”). 

C. Owner desires to retain Contractor to (i) operate Owner’s Facility; (ii) operate, repair and maintain the beltline(s)
transporting raw coal into the preparation plant located at the Facility; (iii) wash and process raw coal at the Facility on the terms and conditions stated herein; (iv) dispose, stockpile, and/or store, as appropriate and in a lawful
manner, all coal refuse, slurry and rejects generated at the Facility at the designated refuse area(s) described in any permits governing the Facility (the “Refuse Area”); (v) store, prepare and load certain quantities of Owner’s
coal through the Facility; and (vi) operate, repair and maintain the beltline running from the clean coal side of the preparation plant to a delivery point designated by Owner. 

WITNESSETH: 
 For
and in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

1. Designation of Services and Responsibilities: 

1.1 Owner shall be responsible for delivering the raw coal it desires to have washed to the raw coal beltline at the Facility. 

1.2 Contractor shall be responsible for operating the Facility for cleaning and processing the raw coal; for operating, repairing and
maintaining the beltline(s) transporting raw coal into the preparation plant; for stockpiling the raw and the clean coal at the Facility as necessary; for disposing, stockpiling, and/or storing, as appropriate and in a lawful manner, all coal
refuse, slurry and rejects generated at the Facility at the designated Refuse Area(s) described in the above-referenced Permits; for operating, repairing and 

  
 1 

 
maintaining the beltline(s) running from the clean coal side of the preparation plant to a delivery point designated by Owner and for keeping both the raw and clean coal beltlines in good working
order at all times; and for loading the clean coal, or any raw coal as Owner may direct, into trucks, barges or rail cars provided by Owner. 

1.3 Contractor agrees to perform its services hereunder in an efficient manner through the use of diligent and skillful management and labor,
for the purpose of ensuring that Owner’s coal may be washed and loaded through the Facility consistently and in conformity with generally accepted industry standards applicable to a coal processing and loading facility of the type and condition
of the Facility. Unless otherwise specified by Owner, Contractor will promptly wash and process the coal delivered by Owner in accordance with specifications as requested by Owner, and Contractor shall be responsible for the disposal of the reject
material resulting therefrom. Contractor shall provide sufficient separate stockpile areas at the Facility for Owner’s raw coal and clean coal. Contractor shall be responsible for loading Owner’s clean coal, or any raw coals as Owner may
direct, onto trucks, barges or rail cars as directed by Owner. Owner shall be entitled to have its representatives present during preparation of Owner’s coal, and Contractor shall provide Owner reasonable advance notice of each commencement of
washing Owner’s coal. Owner shall be entitled to have representatives on the premises of the Facility and may sample Owner’s coal at any time and wherever it is located on the Facility, at Owner’s cost. 

1.4 If requested by Owner, Contractor agrees to treat the coal with a freezeproofing agent designed to prevent the coal from becoming
non-dischargeable from trucks, railroad cars or barges. 
 1.5 Contractor shall be responsible for operating, repairing and maintaining the
raw coal beltline(s) and the clean coal beltline(s) in such a manner to ensure continuous and uninterrupted production with a minimum of downtime or overtime. Contractor agrees to perform its services hereunder in an efficient manner through the use
of diligent and skillful management and labor, for the purpose of ensuring that the beltlines are running continuously and efficiently in conformity with generally accepted industry standards applicable to coal processing and loading facilities of
like type and condition. 
 1.6 Contractor, as an independent contractor, shall forthwith commence its work hereunder and agrees to furnish,
except as otherwise agreed by the parties in writing or provided herein, and subject to reimbursement by Owner pursuant to this Agreement, all labor, equipment, materials, supplies, tools and services to fully satisfy its obligations and duties
specified herein. Contractor represents to Owner that it has made an independent examination of the design of the raw coal beltline(s), the clean coal beltline(s), the Facility and the design of the Refuse Area(s), is familiar with the physical
condition of the area, and that it has the personnel, skills, training and experience necessary to carry out and perform the services to be provided hereunder. 

1.7 Contractor agrees to operate the beltlines and the Facility as scheduled by Owner. Contractor shall be responsible for providing all
personnel necessary for maintenance and repair of the beltlines, the Facility and equipment, including the necessary personnel and services to assure continuous and uninterrupted clean coal production with a minimum of down time over time.
Contractor shall schedule its work and repairs so as to minimize any overtime work or down time, and shall schedule such overtime work or down time only after approval by Owner’s representative. 

  
 2 

 1.8 Contractor shall dispose, stockpile or store all waste and refuse produced by processing raw
coal through the Facility in those certain Refuse Areas described in the above-referenced Permits, and any other applicable permits that may govern the Facility. 

1.9 Contractor shall operate the beltlines and the Facility in a good and workmanlike manner consistent with the terms and provisions of this
Agreement, under such operating conditions as Owner, in its sole discretion, deems reasonably necessary to provide the quality and quantity of coal product that Owner requires or specifies. 

1.10 Contractor shall be responsible for keeping the beltlines and the Facility and Refuse Area(s) in a neat, clean and orderly condition,
reasonably free of debris and in compliance with all applicable federal, state and local environmental, health, safety and other laws, rules and regulations. 

1.11 Owner or its designated agent or representative shall have the right, but not the obligation, to approve all material purchases of parts,
supplies, goods and services, and to approve material maintenance, repairs and replacements relating to the beltlines, the Facility or Refuse Areas which are performed by Contractor other than in the ordinary course of business, and the provision of
services by Contractor as set forth in this Agreement. All such parts, supplies, goods and services, repairs and replacements shall become the property of Owner and Contractor shall be reimbursed by Owner for the same at Contractor’s actual
cost. Any discounts received by Contractor from the purchase of said parts, supplies, goods and services shall be for Owner’s benefit. 

1.12 Contractor shall not take title to or have any ownership interest in any coal or coal refuse processed or handled under this Agreement.
Contractor shall not be liable to Owner for any damages for loss or injury to the coal which could not have been avoided by Contractor’s exercise of due care in the performance of its duties specified in paragraph l of this Agreement. 

2. Term. 
 2.1 The
initial term of this Agreement shall be for a period of one (1) year, beginning on the 1st day of October, 2011 and ending at midnight on the 30th day of September, 2012, and if not sooner
terminated as hereafter provided, the term of this Agreement shall thereafter be automatically extended for successive periods of one (1) year each until terminated as herein below set forth; provided that at the time of such extension,
Contractor has kept and performed all of the covenants, agreements, promises and conditions herein required to be kept and performed by it. 

2.2 In addition to the provisions for expiration set forth in subparagraph 2.1 above and the parties’ respective rights of termination on
default or otherwise, as set forth hereafter in paragraph 12.0, Owner shall have the unilateral right to terminate this agreement at any time and for any reason, with or without cause, by giving not less than ten (10) days prior written notice
of termination to Contractor which specifically states the date and time of termination; and Contractor shall have the same unilateral right to terminate by giving not less than thirty (30) days prior written notice to Owner which specifically
states the date and time of termination. 

  
 3 

 (a) During the term of this Agreement, the Contractor will provide bonds, and make payments to
and deposits with all appropriate governmental agencies. The aforesaid bonds, payments and deposits are herein referred to as “Accounts” and will all have been paid to such governmental agencies by Contractor with monies advanced or
reimbursed by Owner pursuant to this Agreement. Upon the cessation of its business as a coal processing and loading company (hereinafter “Cessation”) to the extent provided by law, Contractor has a right or privilege to obtain partial
rebates or refunds of said Accounts. 
 (b) It is hereby agreed that upon the termination of this Agreement for any reason, Contractor
shall refund, repay or rebate to Owner, within sixty (60) days of such termination or, as to each Account, within ten (10) days after the date the subject governmental agency determines the amount that Contractor is entitled to receive,
whichever is later, the amounts of such Accounts Contractor is entitled to receive upon Cessation. It is for these purposes further agreed that: 

(c) The date of Cessation shall be the same date as the date of termination of this Agreement; 

(d) The payment herein described shall be due from Contractor to Owner at the time described, whether or not Contractor in fact ceases to do
business as a coal processing and loading company; and 
 (e) The amounts of such Accounts that Contractor is entitled to receive shall be
the amounts determined by the subject governmental agencies. 
 2.3 Owner shall have the right (i) to cause Contractor to suspend its
services performed hereunder, in whole or in part, in the event, and as often as such event may occur, Owner is compelled to do so because of fires, floods, or other acts of God, labor disputes, rail car shortages, or other conditions beyond
Owner’s reasonable control, and (ii) to cause Contractor to suspend its services performed hereunder, in whole or in part, in the event, and as often as such event may occur, Owner is unable to dispose of Owner’s coal at a reasonable
profit in Owner’s sole judgment. 
 2.4 Upon termination of this Agreement for any reason, Contractor shall leave the Premises in such
condition that operation of the Facility by another may begin immediately and shall do all things required by Owner to permit immediate operations by another, including, but not limited to, the transfer or assignment of applicable permits to Owner
or its designee. 
 2.5 NOTWITHSTANDING ANYTHING CONTAINED IN THIS AGREEMENT TO THE CONTRARY, OWNER MAKES NO REPRESENTATIONS, COVENANTS, OR
WARRANTIES, EXPRESSED, IMPLIED OR OTHERWISE, TO THE CONTRACTOR AS TO THE VOLUMES OF COAL TO BE PRODUCED OR THE DURATION OR CONTINUANCE OF THIS AGREEMENT. 

3.0 Consideration. As full consideration for the services of Contractor, Owner shall pay Contractor a monthly fee as set forth on
Exhibit B, which Exhibit is incorporated by reference and made a part of this Agreement. The scheduling of all payments due Contractor under this Agreement are set forth on Exhibit B. 

  
 4 

 4.0 Payments; Weights Upon Which Payments are Calculated. 

4.1 Owner shall at all times have the right to deduct and set off from any payments or other sums due to Contractor hereunder any amounts owed
to Owner by Contractor for any reason, as well as (i) any amounts paid by Owner on behalf of Contractor to third parties, or (ii) any amounts which Owner reasonably determines, in its sole discretion, it may, in the future, be required to
pay to third parties or incur itself on behalf of Contractor due to Contractor’s failure to comply with the terms and conditions of this Agreement. 

4.2 Payments made by Owner to Contractor, as described in Exhibit B, shall include any improvements and rehabilitations
performed by Contractor in and around the Facility during the term of this Agreement, and Contractor shall have no right in or to such improvements and or rehabilitations upon termination of this Agreement, and all such property and improvements
shall become the property of the Owner. 
 4.3 Payments made by the Owner to the Contractor shall continue after the termination of this
Agreement for (i) all performance hereunder by Contractor during the term hereof, and (ii) for all performance required by Contractor by the provisions of this Agreement after its termination, such as any reclamation costs or insurance
premiums. 
 4.4 In the event (and as often as such event may occur) that any third party perfects or threatens to perfect a legal right to
encumber the coal processed through the Facility or the Facility, in whole or in part, as a result of Contractor’s failure, in whole or in part, to pay such party as herein provided, or as Contractor may be otherwise legally obligated, Owner,
at its sole option and in addition to its other rights and remedies hereunder, does and shall have the right to pay, in whole or in part, and settle with such party directly; provided, however, that all such direct payments by Owner shall be
forthwith reimbursed to Owner by Contractor, Owner reserving the right, at its sole option, to deduct and set-off such direct payment sums, as and when the same are paid, from monies owed to Contractor pursuant to this Agreement and/or other
agreements between the parties hereto, as provided in this paragraph 4. This paragraph and/or the payment of such direct payment sums, in whole or in part, by Owner is not and shall not be construed as a waiver, alteration or modification of any of
the Contractor’s obligations assumed by it hereunder, nor as a covenant by Owner to perform the same. 
 4.5 The scheduling of all
payments due Contractor under this Agreement are set forth on Exhibit B. 
 4.6 Contractor shall be paid on a per-ton basis,
in accordance with Exhibit B, based on the number of tons of clean coal on which Owner is paid by the purchaser of such coal. Owner shall provide Contractor with copies of its invoices from purchasers on a monthly basis to verify the
number of tons for which Owner has been paid. Owner shall be entitled to redact any information from such invoices that is not necessary for Contractor to verify the tonnage upon which Contractor’s payments are based, including without
limitation, any information regarding the price Owner receives for the coal. 
 5.0 Compliance with Permits and Applicable Laws. 

5.1 Contractor shall operate the Facility and Refuse Area(s) in accordance with all federal, state and local laws, rules and regulations, now
or hereafter in effect, and 

  
 5 

 
such permits as Owner may have or secure in the future to operate the Facility and Refuse Area(s), including the permits mentioned above. Unless otherwise agreed in writing, Owner shall obtain
and maintain in full force and effect, at is sole expense, all permits and approvals necessary for Contractor to operate the Facility and Refuse Area(s) under this Agreement. Notwithstanding the foregoing, Contractor agrees to offer such permitting
assistance to Owner as Owner may reasonably request, and the cost and expense related to such services shall be included in the compensation to Contractor set forth in Exhibit B. Contractor shall secure an MSHA Identification Number
prior to entering onto Owner’s property to perform the services contemplated under this Agreement. Contractor shall file all necessary reports or other documents, whether mandatory or permissible, with the applicable governmental or other
office(s) in order to properly establish and serve notice of Contractor’s sole and exclusive responsibility for the health and safety of its employees, agents and permitted subcontractors and responsibility for compliance with such laws and
regulations during the term of this Agreement. 
 5.2 Contractor shall at all times comply with all applicable federal, state and local laws
(including, but not limited to, the Federal Mine Safety and Health Act of 1997, as amended),ordinances, rules, regulations, codes and orders relating to the operations and services to be conducted and performed hereunder and with the safety rules
and regulations of Owner. 
 5.3 Contractor shall implement a drug testing policy applicable to all of Contractor’s employees, agents
and subcontractors performing work under this Agreement, which policy shall comply with all state, federal and local laws, ordinances and regulations and shall be satisfactory to Owner. 

6.0 Relationship of Parties. 

6.1 Contractor shall perform the work and services required by this Agreement according to its own manner and methods not inconsistent with
the provisions hereof. Subject to the right of Owner to specify what constitutes satisfactory performance on the part of Contractor under this Agreement, and subject to the specific agreements and obligations of the Contractor contained herein,
Owner shall not exercise, or have any right to exercise, any direction, control or supervision over Contractor, or the manner or means of Contractor’s performance of the services hereunder. Nothing herein shall be construed as creating a single
enterprise, joint venture, agency, partnership or employment relationship between Owner and Contractor or any of the Contractor’s employees or agents. Contractor shall not be an agent or representative of the Owner, and shall not have any
authority to act for the Owner or to bind, or attempt to bind Owner in or under any contract or agreement or to otherwise obligate the Owner. 

6.2 At all times during the term of this Agreement, Contractor is and shall be an independent contractor and not an employee of Owner, and all
employees, agents, and permitted subcontractors of Contractor employed to perform work pursuant to this Agreement shall be considered to be employees, agents, and subcontractors of Contractor and at no time shall the employees, agents, and permitted
subcontractors of Contractor be considered to be employees, agents or subcontractors of Owner. 
 6.3 Contractor, solely and exclusively,
shall employ, direct, supervise, discharge and fix the compensation and the working conditions and practices of its employees, shall be solely responsible for their payment and the payment of any 

  
 6 

 
employment-related benefits that Contractor may choose to provide to its employees, and shall comply with all laws pertaining to payment of employees; and Contractor shall provide Owner either a
copy of any bonds posted with respect to Contractor’s employees or their compensation as required by law, or give assurance that such bond is not required. 

7.0 Fines and Penalties. Contractor shall be responsible and solely liable for the payment of any assessments, penalties, or other
fines imposed by any federal, state, or local agency, and for any violation of any federal, state, or local law or regulation arising out of Contractor’s performance of the work hereunder. Contractor shall provide Owner with a copy of all such
violations or citations issued by any federal, state or local agency immediately upon receipt and fully inform Owner of the circumstances surrounding such issuance. Owner may compromise and settle any claims for fines or penalties without the
approval of the Contractor. 
 8.0 Workers’ Compensation. Contractor shall become and remain a subscriber to the Workers’
Compensation Fund of Illinois or otherwise provide appropriate workers’ compensation coverage for its employees under an insurance program, policy or coverage authorized and approved by the Insurance Commissioner of Illinois or any other
applicable state;1 shall maintain insurance for, or otherwise guarantee, the payment of federal black lung benefits to its employees in accordance with applicable laws; and shall conduct its
operations in full compliance with the Fair Labor Standards Act, the Walsh-Healy Act, and all other applicable state and federal laws and regulations and shall certify to Owner on a quarterly basis compliance therewith in connection with all work
performed hereunder. In connection with the foregoing duty of Contractor to provide Workers’ Compensation Fund coverage and guarantee the payment of federal black lung benefits, Contractor shall (a) comply with all provisions of Illinois
law, as heretofore or hereafter amended, and (b) provide Owner with copies of all required reports filed with any governmental agency or fund in satisfaction of these obligations, as well as copies of canceled checks, front and back, evidencing
payment of said obligations, by the 10th day of the second succeeding month after the month in which said reports and payments are required to be filed with said funds or agencies. In addition,
Contractor shall furnish to Owner each quarter an updated Certificate of Coverage which evidences that the Contractor is in good standing with the Illinois Workers’ Compensation Fund or any other applicable and authorized workers compensation
insurance program. Notwithstanding anything contained in this Agreement to the contrary, Owner, at its sole option, shall have the right to cancel this Agreement immediately and without prior notice, if Contractor’s obligations contained in
this paragraph are not strictly performed in a timely manner. 
 9.0 Responsibility for and Payment of Employees. 

9.1 Contractor, solely and exclusively, shall (i) employ, direct, supervise, discharge, and fix the compensation and working conditions
and practices of its employees; (ii) be solely responsible for their payment, and comply with all laws pertaining to payment of employees, including any laws requiring the posting of a bond or bonds, and provide Owner a copy of any
documentation evidencing such compliance; (iii) be solely and exclusively responsible for, and exercise complete control of its employees in all matters, 

 

	1 	 Contractor’s employees shall include any owner if Contractor is a sole proprietorship, any partner if Contractor is a partnership, and any
officer or director if Contractor is an association or corporation, if such owner, partner, officer or director at any time engages in work hereunder that is ordinarily performed by workers and employees required to be covered under Illinois law.

  
 7 

 
disputes or grievances arising out of or in any way connected with Contractor’s operations; (iv) establish adequate and proper safety and security rules for the work performed hereunder
and cause its employees and agents at all times to abide by and observe the same; (v) file all necessary reports and other documents, whether mandatory or permissible, with all applicable governmental authorities to properly establish and serve
notice of Contractor’s sole and exclusive responsibility for the work performed hereunder and for the health and safety of its employees and agents, as well as such reports or documents required by such authorities to continue and evidence
Contractor’s aforesaid responsibility throughout the term of this Agreement, and provide Owner with a copy of such reports and documents submitted to such governmental authorities; (vi) provide safety training to its employees as required
by all applicable federal, state and local laws, rules and regulations and in accordance with such standards and criteria as Owner may establish for employees of Contractor engaged in the work hereunder; (vii) pay for and maintain all private
and group life, accidental death and dismemberment, health, sickness, and accident insurance and pension plans for its employees; (viii) pay any other welfare benefit payments required to be paid to or on behalf of, or for the benefit of,
Contractor’s employees, pursuant to any plan document; and (ix) immediately notify Owner of any accidents involving employees of Contractor or any permitted subcontractor working on the Premises if such accidents are of a serious nature or
are likely to become “lost time” accidents, and thereafter, as the same are generated, provide Owner with all reports, documents, investigation summaries, and other data relating to any such accidents within thirty (30) days of the
incident date and every ninety (90) days thereafter. 
 9.2 Owner shall have the right to inspect the records of Contractor at
reasonable times to ascertain whether or not Contractor is in compliance with the requirements of this paragraph or any other provision of this Agreement. 

9.3 If at any time Contractor is not able to satisfy Owner that the wages and benefits of employees of Contractor or Contractor’s
permitted subcontractors have been paid, Owner shall have the right, but not the obligation, to pay the wages and benefits of any such employee directly to or for the employee and to deduct the amount so paid from the compensation agreed to be paid
to Contractor hereunder. It is understood, however, that this provision shall not be construed as a promise on the part of Owner to pay such amounts, and that as to any payments to or for such employees made under this provision, Owner shall be
deemed the agent of Contractor. In no event shall Owner be deemed the employer of Contractor’s employees or agents. 
 9.4 If any
arrangement, however informal and of whatever duration, is made whereby employees of Contractor are used by Owner, they shall, while engaged in such work, be considered employees of both Contractor and Owner. During the course of any such
arrangement, said employees shall be considered special employees of Owner while simultaneously maintaining their general employment relationship with Contractor. Further, Owner may exercise such right of control over the details of the work being
performed by said special employees as shall be necessary to complete the task. 
 10.0 Indemnity. 

10.1 General Indemnity. Contractor shall, to the extent permitted by law, indemnify, defend, and save harmless Owner, and Owner’s parent
entities, subsidiaries and affiliates and their respective shareholders, officers, directors, members, managers, employees, agents, successors, assigns, guarantors and invitees (“Owner’s Indemnified

  
 8 

 
Persons”) from and against any and all claims, demands, or suits of any kind or nature whatsoever which may be threatened or brought against them (individually or jointly) or in which they
may be named a party defendant, in any way arising out of or incident to the performance of this Agreement or in any way arising out of the use by Contractor of common operational areas or common areas of ingress or egress to operating areas
regardless of whether such claims, demands or suits are occasioned by the negligence of Owner or Owner’s Indemnified Persons. Provided, however, that Contractor shall not be held responsible for claims or suits attributable to the sole and
exclusive negligence of Owner or Owner’s Indemnified Persons. Contractor further agrees to defend, indemnify and hold harmless Owner and Owner’s Indemnified Persons of and from any and all liabilities, damages, claims, demands, actions,
orders, causes of action, proceedings, fines, penalties, taxes, costs and expenses (including without limitation reasonable attorneys’ and accountants’ fees) of any kind and nature (collectively, “Damages”) that may be suffered
or incurred by them, or any of them, resulting from or arising out of any misrepresentation, breach or nonfulfillment of any covenant, agreement or obligation of Contractor contained in this Agreement. 

10.2 Claims by Contractor’s Employees. Contractor shall, to the extent permitted by law, indemnify, defend and save harmless Owner, and
Owner’s Indemnified Persons from and against any and all claims, demands, or suits of any kind or nature whatsoever by any employees of Contractor arising out of or in consequence of Contractor’s performance under this Agreement,
regardless of whether such claims, demands, or suits are actually or allegedly caused by the negligence of Owner or Owner’s Indemnified Persons, or any other person or entity and regardless of whether such negligence precedes the execution of
this Agreement. 
 10.3 Responsibility for Contractor’s Property and Equipment. Contractor releases Owner, and Owner’s Indemnified
Persons from liability for damage to any of its material, machinery, equipment or other property regardless of the cause thereof and whether such damage is caused by the negligence of Owner, Owner’s Indemnified Persons or any other person. 

10.4 Defense of Claims. If any action or proceeding is brought by reason of any claim described in this paragraph, Contractor will promptly
notify Owner of such claim and will indemnify and hold harmless Owner for the defense of such action or proceeding (and defend Owner, at Owner’s sole election), and satisfy any order, judgment or settlement resulting therefrom. Owner retains
the sole and exclusive right to retain its own counsel to represent Owner and all such reasonable attorneys’ fees and costs will be the sole and exclusive responsibility of Contractor. 

10.5 Survival. These covenants of indemnity shall survive the cancellation, termination or expiration of this Agreement. 

10.6 Insurance Shall Not Limit Indemnity Obligation. It is expressly understood and agreed by Contactor that the insurance requirements set
forth in Paragraph 11 shall in no way act as a limitation to or a substitution of the indemnity obligations set forth herein irrespective of any insurer’s insolvency or willingness to indemnify and/or defend Contractor, any subcontractor, Owner
or any of their affiliated indemnities. 

  
 9 

 11.0 Insurance. 

a. Amount and Types of Insurance. Without limiting Contractor’s undertaking to protect, indemnify, defend and hold harmless Owner
and the Indemnified Parties as set forth in paragraph 10 or any other provision of this Agreement Contractor shall procure and maintain, at its sole cost and expense, the following insurance coverages with insurance carrier(s) that are acceptable to
Owner in Owner’s sole discretion during the term of this Agreement and all other times during which Contractor its employees, agents or subcontractors shall be present at the Project site whether performing or correcting any of the Work. Before
commencing any Work under this Agreement, Contractor shall furnish Owner with certificates of insurance and/or certified copies of the required insurance policies together with all applicable endorsements attested by a duly authorized representative
of the insurance carrier(s) evidencing that the insurance required hereunder is in force and effect and that such insurance will not be reduced, cancelled or materially changed without giving Owner at least thirty (30) days prior written
notice. 
 (i) Workers Compensation. Statutorily required workers compensation insurance required by the laws of the State of
Illinois under the Illinois Workers’ Compensation Fund, or the laws of any other state(s) whose workers’ compensation laws may apply to the performance of Work under this Agreement and federal black lung coverage on all of
Contractor’s or Subcontractor’s employees, workmen, agents and borrowed servants engaged in Work hereunder. Contractor shall provide Owner with certification of its compliance with the terms of this paragraph on a quarterly basis or as
often as Owner may reasonably request from time to time. 
 (ii) Employer’s Liability Insurance Coverage. Contractor shall
carry Employer’s Liability insurance covering all operations and Work hereunder in an amount not less than Five Million Dollars ($5,000,000) per occurrence or such other reasonable amount as Owner may require during the term of this Agreement.
All such Employer’s Liability insurance and associated insurance policy(ies) shall expressly provide that all rights of subrogation against Owner are waived. 

(iii) Public Liability. Commercial General Liability (“CGL”) insurance (including premises liability, blanket contractual
liability, independent contractor liability, explosion, and products/completed operations coverage) against damage because of bodily injury, including death, or damage to property of others, such insurance to afford protection to the limit of not
less than Five Million Dollars ($5,000,000) Combined Single Limit per occurrence and in the aggregate for property damage, personal injury, and bodily injuries, including death. To the extent that Contractor has concurrent obligations or work to be
performed at locations other than the project worksite described herein, the Contractor’s CGL insurer shall endorse its policy(ies) to provide that the required Five Million Dollar ($5,000,000) aggregate limit set forth above shall apply
separately to each location where work is performed by Contractor. This coverage shall include, but not be limited to, provisions for: 
  

	 	(A)	Premises-operations; 

  

	 	(B)	Blanket broad form contractual - specifically covering the indemnity obligations set forth in this Agreement; 

  
 10 

	 	(C)	Blanket broad form property damage; 

  

	 	(D)	Independent contractors; 

  

	 	(E)	Personal injury; 

  

	 	(F)	Owner named as Additional Insured; 

  

	 	(G)	Blanket broad form cross liability endorsement; 

  

	 	(H)	Products and completed operations; 

  

	 	(I)	Where exposure exists, explosion, collapse, and underground (XCU) hazard exclusions must be deleted; and 

  

	 	(J)	Waiver by insurer of all payment obligations of Owner for payment of premiums, audits, deductibles, retro-adjustments or any other payment obligation due to the insurer by Contractor. 

(iv) Automobile Liability. Automobile liability insurance against damage because of bodily injury, including death, or damage to
property of others as the result of the operation of any automobile (including coverage for owned vehicles, non-owned vehicles and hired vehicles), with such insurance to afford protection to the limit of not less than Five Million Dollars
($5,000,000) Combined Single Limit in respect to any one accident. This coverage shall include a cross-liability endorsement, shall name the Owner as an additional insured, and shall contain a waiver by the insurer of any Obligation on the part of
the Owner for the payment of premiums, audits, deductibles, retro-adjustments or any payment obligation due the insurer by the Contractor. 

(v) Environmental insurance (Pollution Coverage): Minimum limits of Five Million Dollars ($5,000,000) Combined Single Limit occurrence
and in aggregate covering both bodily injury and/or property damage claims arising from first and/or third party Environmental Liability exposures. To the extent such coverage is procured on a claims-made basis, Contractor agrees to maintain such
coverage for a minimum of thirty-six (36) months following completion of the work or, alternatively, the Contractor agrees to purchase a thirty-six (36) month Extended Reporting Period (ERP) endorsement from the Environmental insurer at
the conclusion of the work performed hereunder. 
 (vi) Excess Liability. Excess liability insurance applicable to all insurance
coverage’s required under the entirety of this paragraph 11 with combined single limits of Five Million Dollars ($5,000,000) per occurrence, including a cross-liability endorsement, an endorsement naming the Owner as an additional insured, and
a waiver by the insurer of any Obligation on the part of the Owner for the payment of premiums, audits, deductibles, retro-adjustments or any other payment obligation due the insurer by the Contractor. 

(vii) Additional Insurance. Such additional types and amounts of insurance as may be required by Owner, and Contractor shall cooperate
with Owner in obtaining such additional coverage. 

  
 11 

 (viii) Required Endorsements. All insurance policies required by this Agreement shall be
endorsed to specifically include the liability assumed by Contractor in favor of Owner under the indemnity provisions of this Agreement. In addition, all such policies shall be endorsed to name Owner as an Additional Insured and a certified copy of
such endorsement shall be provided to Owner in advance of the commencement of the work under this Agreement. In addition, all such liability policies shall be endorsed to be primary and non-contributory with any other insurance of Owner with respect
to any and all claims and demands which may be made against Owner or the Indemnified Parties, whether on account of injury or death of any person or persons, damage to or loss of property, violation of law or regulation or otherwise, in any way
arising out of, related to or attributed to, directly or indirectly, Contractor’s Work under this Agreement or the Contract Documents. Owner reserves the right to approve the specific endorsement language granting Owner Additional Insured
status on all required insurance coverages. Such insurance shall specifically provide that it applies separately to each insured against which claim is made or suit is brought, except with respect to the limits of liability, and shall further
provide that all rights of subrogation against Owner are waived. 
 12.0 Terminations and Default; Owners Right of inspection. 

12.1. If at any time either Contractor or Owner shall be in default or breach of any term, covenant, obligation, or condition of this
Agreement, the non-defaulting party may give the defaulting party written notice of the condition of breach and demand that it be cured or corrected. If not cured or corrected in accordance with the non-defaulting party’s notice within five
(5) days after notice is sent, or if either party, in the sole opinion of the other party, becomes insolvent or is adjudicated bankrupt, whether through voluntary or involuntary proceedings, or if any receiver, trustee or other person or
persons be appointed by any court to take charge of said party’s assets, the party not insolvent or bankrupt may declare this Agreement immediately terminated and all rights of the insolvent or bankrupt party hereunder shall, at the election of
the party not insolvent or bankrupt, immediately terminate and be forfeited. 
 12.2 (a) Upon termination of this Agreement for any
reason, Contractor shall have an additional period of thirty (30) days in which to remove its owned or leased mobile equipment, and if it shall not have removed the same within such period, then all such equipment shall become the property of
Owner. 
 (b) Upon termination of this Agreement for any reason, all mining and other fixtures shall remain a part of and installed on the
Facility. 
 (c) Remedies for holding over: 

(i) In the event that Contractor remains on the Premises after the term of this Agreement or after Owner has declared a termination, or
without the express written consent of Owner, then Owner may by any peaceful means and at any time, enter and take possession and control of the Premises without demand or notice to Contractor. 

  
 12 

 (ii) In the event that Contractor remains on the Premises after the term of this Agreement,
without the express written consent of Owner, or after Owner has declared a termination, then Owner, in addition to any other remedies provided for in this Agreement, or at law or in equity, may seek a writ of forcible entry; provided, however, that
the parties specifically agree that under no circumstances of law or fact shall the relationship of Owner and Contractor be, or be presumed to be, that of landlord and tenant. 

12.3 Owner may make such inspections of the operations being conducted as it deems desirable to ensure that such operations are being
performed in accordance with the obligations of Contractor hereunder. Nothing herein shall be construed to mean that any inspection or approval given by Owner or Owner’s representative shall relieve Contractor from any of its obligations
hereunder. 
 13.0 Force Majeure. 

13.1 Owner or Contractor shall be excused from delay or failure to perform any work, services, or other commercial transaction contemplated
hereunder (other than equipment lease, rental, or installment sales payments) in the event of frustration of purpose, commercial impracticability, or any events of force majeure beyond the reasonable control of either party; provided, however, that
a party claiming force majeure must promptly give to the other party written notice explaining the events claimed to constitute force majeure hereunder. General statements of events of force majeure, frustration of purpose, and commercial
impracticability shall not be limited by the rule of ejusdem generis. Whether or not foreseeable, events of force majeure, frustration of purpose, and commercial impracticability include, but shall not be limited to: fires, floods, labor disputes,
strikes, railcar shortages, barge shortages, acts of God, insurrection, damage to or breakdown of plants, trucks, or other equipment. Force majeure events shall not limit or suspend Owner’s right to terminate this Agreement under paragraph 2.

 13.2 Coal to be mined and delivered to the Facility for processing by Contractor under this Agreement, but delayed, lost, or not mined
and delivered due to an event of force majeure, frustration of purpose, or commercial impracticability shall not be made up except by mutual written agreement. 

14.0 Engineering and Security Services; Records. Unless otherwise agreed in writing, Contractor agrees to provide at its expense maps,
projections, surveying work, and any other engineering work necessary for or incident to the performance of Contractor’s services under this Agreement. Contractor shall provide, at its expense, sufficient personnel to guard the Premises on a
seven (7)-day per week basis for twenty-four (24) hours for each such day. Contractor shall keep such other records as Owner may reasonably request from time to time. Owner shall at all reasonable times have the right to inspect the records of
Contractor relating to all aspects of Contractor’s operations hereunder. 
 15.0 Books of Account; Right to Audit. Contractor
shall keep, for a minimum period of six (6) years, accurate records reflecting all aspects of its operations hereunder, as well as employee related and non-employee related expenses incurred by Contractor in the performance of the work, and
said records shall be open at all reasonable times for inspection by Owner or its agents for the purpose of comparing or verifying the reports and invoices rendered by Contractor under the terms of this Agreement. 

  
 13 

 16.0 Taxes, Assessments and Royalty Payments. 

16.1. Owner covenants and agrees: 

(a) to pay all royalties and other payments that may be required pursuant to the Owner’s Coal Rights for the coal mined and delivered to
Owner hereunder; and 
 (b) to pay all severance taxes applicable to the coal mined and delivered to Owner hereunder, the per ton
reclamation fee or tax which may be required to be paid under the Surface Mining Control and Reclamation Act of 1977, as well as any fees or taxes required to be paid under any Illinois surface coal mining laws, and the black lung excise tax imposed
for black lung benefits under the Black Lung Benefits Act of 1977. 
 16.2. Contractor covenants and agrees: 

(a) to pay (except as otherwise provided in this paragraph) all taxes and all other assessed monetary obligations incident to the work to be
performed hereunder and to its operations, as well as such property taxes as may be assessed against any property or improvements which it may possess upon the Facility, or in connection with its performance under this Agreement, and any business
and occupation or other taxes, if any, accruing against the services rendered by it hereunder or its income. Contractor shall submit on a quarterly basis to Owner proof of payment of all taxes or assessments due to any federal, state, or local
agency; and 
 (b) to pay all contributions, taxes, and premiums payable under federal, state and local laws measured upon the payroll of
employees engaged by Contractor in the performance of the terms of this Agreement and all sales, use, excise, transportation, business and occupation, business franchise and corporate net income tax and other taxes applicable to materials and
supplies furnished or the work performed hereunder. 
 17.0 Non-Discrimination. Contractor agrees not to discriminate against any
employee or applicant for employment to be used in the performance of the obligations of Contractor under this Agreement because of race, color, religion, sex, ancestry, age, national origin or disability (as the same is defined In The Americans
With Disabilities Act of 1990, 2 USC §12101-13 (West Supp.1991) and any regulation promulgated thereunder) or any other unlawful basis. The Contractor agrees to comply with all of the provisions of Executive Order 11246, as heretofore amended
by Executive Order 11375 and Executive Order 12086, and any subsequent amendments, and with the relevant rules, regulations, and orders of the Secretary of Labor. Contractor shall execute such certifications of its compliance with the requirements
of this paragraph as Owner may from time to time require, which certifications shall become a part of this Agreement as if fully set forth herein. 

18.0 Representations and Warranties. 

Each party represents and warrants to the other party as of the date hereof as follows: 

18.1 It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a party, to deliver this
Agreement and any other documentation relating to this Agreement that is required hereunder, and to perform 

  
 14 

 
its obligations under this Agreement, and has taken all necessary action to authorize such execution, delivery and performance; and this Agreement has been, and each other such document will be,
duly executed and delivered by it. 
 18.2 Such execution, delivery and performance do not and will not violate or conflict with any law
applicable to it, or any provision of its governing documents, and there is no legal impediment to the enforcement or performance of the obligations Contractor is undertaking pursuant to this Agreement. 

18.3 All governmental and other consents that are required to have been obtained by Contractor with respect to this Agreement have been
obtained and are in full force and effect and all conditions of any such consents have been complied with. 
 18.4 This Agreement
constitutes its legal, valid and binding obligation, enforceable in accordance with its terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally). 

18.5 There is not pending or, to its knowledge, threatened against it or any of its affiliates any action, suit or proceeding at law or in
equity or before any court, tribunal, governmental body, agency or official or any arbitrator that may affect the legality, validity or enforceability of this Agreement or its ability to perform its obligations hereunder. 

19.0 Governing Law. This Agreement shall be governed by the laws of the State of West Virginia without regard to any conflict of law
provisions. 
 20.0 Confidentiality of Information. Contractor acknowledges that execution and performance of this Agreement will
generate or provide Contractor with access to specialized information or trade secrets of a confidential nature pertaining to Owner and its business. Contractor agrees that it shall treat all maps, data, reports and other information relating to the
Facility or Owner’s business as confidential and it shall not divulge, transmit or otherwise disclose any such information received. Contractor expressly agrees that all work product, information or data in any form generated in connection with
the services performed under this Agreement, and all component parts thereof, shall be and remain the exclusive property of Owner. Contractor acknowledges that it cannot use any such work product, information or data in any manner that is unrelated
to the performance of its services under this Agreement, without Owner’s express prior written consent. 
 21.0 Prior Agreement.
This Agreement cancels and supersedes any prior agreements between the parties hereto covering the subject matter contained in this Agreement. 

22.0 Headings. Paragraph headings or titles used in this Agreement are for convenience of reference only and shall not affect the
construction of any paragraph herein. 
 23.0 Forum Selection. In the event that either party to this Agreement files any action,
proceeding, or counterclaim against the other on any matter whatsoever arising out of or in any way connected with this Agreement or the parties’ performance hereunder, or any claim of damage resulting from any act or omission of the parties,
the parties hereby consent to the jurisdiction and venue of Kanawha County, West Virginia. 

  
 15 

 24.0 Waiver of Jury Trial. Notwithstanding any other provision of this Agreement, to the
extent permitted by law, THE PARTIES TO THIS AGREEMENT AGREE TO, AND DO HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES AGAINST THE OTHER ON ANY MATTER WHATSOEVER ARISING OUT OF OR IN ANY WAY
CONNECTED WITH THIS AGREEMENT OR THE PARTIES’ PERFORMANCE HEREUNDER, OR ANY CLAIM OF DAMAGE RESULTING FROM ANY ACT OR OMISSION OF THE PARTIES, OR EITHER OF THEM IN ANY WAY CONNECTED WITH THIS AGREEMENT. 

25.0 Limitation on Liability. Notwithstanding any other provision of this Agreement, Owner shall not be liable to Contractor for any
consequential, incidental, punitive, exemplary or indirect damages, lost profits or other business interruption damages, by statute, in tort, contract or otherwise. 

26.0 Notice to the Parties. The giving of any notice to, or the making of any demand on, Contractor under the provisions herein shall
be sufficient if made in writing, addressed to Contractor at: 
 Mach Mining LLC 

Attention: President 
 430 Harper
Park Drive, Suite B 
 Beckley, West Virginia 25801 

or such other address as Contractor may hereafter in writing designate, and mailed postpaid, certified, return receipt requested, United States mail. The
giving of any notice to, or the making of any demand on, Owner under the provisions herein shall be sufficient if made in writing, addressed to Owner at: 

Williamson Energy, LLC 

Attention: Michael J. Beyer 

Metropolitan Square Building 
 211
North Broadway 
 Suite 2600 

St. Louis, Missouri 63102 
 With a copy (not
constituting notice) to: 
 Brian A. GIasser, Esq. 

Bailey & Glasser, LLP 

209 Capitol Street 
 Charleston,
West Virginia 25301 
 or such other address as Owner may hereafter in writing designate, and mailed postpaid, certified, return receipt requested, United
States mail. 

  
 16 

 27.0 Survival Clause; No Waiver. 

27.1 Notwithstanding any termination of this Agreement, any obligation by either party hereto which, by its terms has or may have application
after the termination of this Agreement and has not been fully observed or performed shall survive such termination. 
 27.2 The failure of
either Owner or Contractor to enforce any specific breach by the other of this Agreement or portion of this Agreement shall not be deemed to be a waiver of any subsequent breach thereof, or of any other cause of cancellation or forfeiture, whatever
or however occurring. The termination of this Agreement shall not invalidate or terminate any of the indemnities, warranties, or representations of this Agreement. 

28.0 No Third Party beneficiaries. The covenants, conditions, and terms of this Agreement shall be for the sole and exclusive benefit
of the parties hereto and their respective permitted successors and assigns to the exclusion of the rights of any third-party beneficiaries. 

29.0 Nonassignment. Contractor shall not, voluntarily or by operation of law, assign, pledge, or subcontract this Agreement or any part
of this Agreement, or the work to be performed hereunder, without the prior written consent of Owner. The parties hereto expressly recognize this Agreement to be a “Personal Services Agreement” and Owner relies expressly on the personal
abilities of Contractor. Any whole or partial sale of stock or assets of Contractor shall be deemed an assignment hereunder, and Owner may terminate this Agreement immediately at its option upon any such assignment or sale, or attempted assignment
or sale of stock or assets of Contractor or upon the subcontracting of this Agreement or any portion thereof. In the event Owner consents to one or more assignments or subcontracts pertaining to this Agreement, such consent shall not be construed as
waiving the requirements of obtaining written consent to additional assignments or subcontracts pertaining to this Agreement, nor shall any consent to assignment or subcontract relieve Contractor of any of its obligations made hereunder or herewith.

 30.0 Binding Effect. This Agreement shall inure to the sole and exclusive benefit of and be of full and binding effect upon the
parties hereto and their respective successors and assigns, subject to the herein numerical paragraph 29. 
 31.0 Severability. If
any provision of this Agreement or the application thereof to any person or circumstances is held invalid, the remainder of this Agreement shall not be affected thereby, but shall remain in full force and effect. 

32.0 Cross-Default. If either Owner or Contractor shall default on any other agreement, or the conditions or warranties thereto, to
which the Owner and Contractor are parties, then such default under any such other agreement shall be deemed a default hereunder. 
 33.0
Entire Agreement. This writing is intended by the parties to be the final, complete and exclusive statement of their agreement about the matters covered herein. THERE ARE NO ORAL UNDERSTANDINGS, REPRESENTATIONS OR WARRANTIES AFFECTING IT. All
Exhibits hereto are incorporated herein and are an integral part of this Agreement. No officer or representative of either party shall have the authority to subsequently change this Agreement, orally or by course of conduct, and any subsequent
change in this Agreement shall not be valid unless the same be in writing and duly executed by each of the parties hereto. 

  
 17 

 34.0 Interpretation. Owner and Contractor acknowledge that they have each fully read and
reviewed this entire Agreement, and have discussed the same with the other, and have had the benefit of their separate legal counsel, and by executing such Agreement fully agree with all provisions herein contained. Both parties further agree that
this Agreement shall be construed as mutually drafted, and shall not be construed against one party or the other as drafter of the Agreement. 

[Signature Page Follows] 

  
 18 

 IN WITNESS WHEREOF, the Owner and Contractor have caused this writing to be signed in their
respective corporate names by their respective duly authorized officers, in duplicate, and each represents and warrants that the signer has proper authority to enter into this Agreement on behalf of Owner and Contractor, respectively, all as of the
date and year first written above. 
  

			
	WILLIAMSON ENERGY, LLC
	
	By its Sole Member, Foresight Energy LLC
		
	By:	 	 /s/ Michael J. Beyer

		 	Michael J. Beyer
		
		 	Its: CEO
	
	MACH MINING LLC
	
	By its Sole Member, Coal Field Transports, Inc.
		
	By:	 	 /s/ David Jude

		 	David Jude
		
		 	Its: President

  
 19 

 EXHIBIT A 

(MAP SHOWING PREMISES) 

  
 20 

 EXHIBIT B 
  

	B.01	PAYMENT: 

 Owner will pay Contractor for the work to be performed under this
Agreement an amount equal to the sum of (a) the Cost of the Work, (b) plus one cent ($.01) for each ton of clean coal processed and loaded through the Facility. Contractor’s payment shall be calculated on the same number of clean tons
for which Owner is paid by a purchaser of the coal, as shown by copies of invoices supplied by Owner to Contractor. 
  

	B.02	COST OF THE WORK 

 (1) The term “Cost of the Work” shall mean any and
all costs necessarily incurred by the Contractor in the performance of the work and paid by the Contractor. 
 (2) Elements of any
employee-related Cost of the Work shall be paid within three (3) days after Contractor submits to Owner a payroll invoice, which invoice shall be submitted no less than three (3) days before each designated employee payday; and, 

(3) Elements of any non-employee related Cost of the Work shall be paid by Owner to Contractor on the 10th and 25th of each month for the prior one-half month and shall be based on invoices submitted for the applicable period by Contractor to Owner on
the 15th and 30th of each month. 

  
 21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00230-of-00352.parquet"}]]