Document:

Exhibit 4.5

 

FIRST BUSEY CORPORATION

2020 EQUITY INCENTIVE PLAN

 

RESTRICTED STOCK UNIT AWARD

 

The Participant specified
below has been granted this Restricted Stock Unit Award (the “Award”) by First Busey Corporation, a Nevada corporation
(the “Company”), under the terms of the First Busey Corporation 2020 Equity Incentive Plan (the “Plan”).
The Award is subject to the Plan and the following terms and conditions (the “Award Terms”):

 

Section 1.     Award.
In accordance with the Plan, the Company hereby grants to the Participant the Award of restricted stock units (each, an “RSU”),
where each RSU represents the right to receive one share of Stock in the future, subject to the Award Terms. The Award is in all
respects limited and conditioned by the Plan and as provided herein.

 

Section 2.     Terms
of Restricted Stock Unit Award. The following words and phrases relating to the Award
have the following meanings:

 

(a)  The
 “Participant” is _______________

 

(b)  The
 “Grant Date” is _______________

 

(c)   The
number of “RSUs” is ___________

 

Except for terms defined
herein, any capitalized term in the Award Terms has the meaning ascribed to that term under the Plan.

 

Section 3.     Restricted
Period. The Award Terms evidence the Company’s grant to the Participant, as
of the Grant Date, on the terms and conditions described in the Award Terms and in the Plan, of a number of RSUs, each of which
represents the right of the Participant to receive one share of Stock free of restrictions once the Restricted Period ends.

 

(a)   Subject
to the Award Terms, the “Restricted Period” shall begin on the Grant Date and end on the fifth anniversary
of the Grant Date (but only if the Participant has not had a Termination of Service before the end of the Restricted Period).

 

(b)  Notwithstanding
Section 3(a), the Restricted Period for the RSUs shall end immediately, and the RSUs shall be fully earned and vested
immediately upon (i) a Qualifying Termination that occurs on or before the Participant’s Termination of Service or (ii) the
Participant’s Termination of Service due to the Participant’s Disability or death. For purposes of this Award, “Disability”
means the 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 last for a continuous period of not less than 12 months, or is,
by reason of any medically determinable physical or mental impairment that can be expected to result in death or last for a continuous
period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident
and health plan covering the Company’s employees.

 

     

     

    

 

(c)   Notwithstanding
Section 3(a), solely with respect to RSUs that were granted at least one year prior to the date of a Participant’s
Retirement with Full Service or a Participant’s Retirement with Partial Service, (i) upon a Participant’s Retirement
with Full Service, the Restricted Period for such RSUs shall end immediately and such RSUs shall be fully earned and vested immediately,
and (ii) upon a Participant’s Retirement with Partial Service, the Restricted Period for a pro rata portion of the
RSUs shall end immediately, and such pro rata portion of the RSUs shall be earned and vested immediately as of the date of Retirement.
The pro rata portion of the RSUs that shall become vested under this section shall be equal to (A) the number of RSUs subject
to the Award, multiplied by (B) the number of full months the Participant was employed following the Grant Date divided by
60. For purposes of this Award: 

 

(i)            “Retirement
with Full Service” means the (A) Participant’s voluntary Termination of Service on or after (x) attaining
the age of 62 and (y) having been employed by or in the service of the Company or a present or former parent or subsidiary
entity of the Company for a period of at least ten full consecutive years; (B) the Participant agrees not to and does not
provide services for a financial institution following the Termination of Service; and (C) the Participant provides the Company
with at least six months’ prior written notice of his or her intent to retire and the Participant is employed or in the service
of the Company through the end of such six month period; and

 

(ii)           “Retirement
with Partial Service” means the (A) Participant’s voluntary Termination of Service on or after (x) attaining
the age of 62 and (y) having been employed by or in the service of the Company or a present or former parent or subsidiary
entity of the Company for a period of fewer than ten full consecutive years, (B) the Participant agrees not to and does not
provide services for a financial institution following the Termination of Service; and (C) the Participant provides the Company
with at least six months’ prior written notice of his or her intent to retire and the Participant is employed or in the service
of the Company through the end of such six month period.

 

The provisions of this Section 3(c) shall
also apply to any Restricted Stock Unit Awards previously granted to Participant by the Company under the First Busey Corporation
2010 Equity Incentive Plan.

 

(d)  In
the event the Participant’s Termination of Service occurs prior to the expiration of the Restricted Period, other than as
provided in Section 3(b) or Section 3(c) above, the Participant shall forfeit all rights, title
and interest in and to any RSUs still subject to the Restricted Period as of the Participant’s Termination of Service.

 

Section 4.     Settlement
of Units. Delivery of shares of Stock or other amounts in connection with the Award
shall be subject to the following:

 

    2

     

    

 

(a)   Delivery
of Stock. Reasonably promptly (but no more than 30 days) after the end of the Restricted Period applicable to an RSU the Company
shall deliver to the Participant one Share free and clear of any restrictions in settlement of such RSU, provided, however,
that if the end of the Restricted Period occurs within the 30 days preceding the end of a calendar year, such settlement shall
occur on the 30th day following the end of the Restricted Period. Notwithstanding the foregoing, if the Participant
is deemed a “specified employee” within the meaning of Code Section 409A, as determined by the Committee, at
a time when the Participant becomes eligible for settlement of the RSUs upon “separation from service” within the
meaning of Code Section 409A and according to Company policy, as may be in effect, then to the extent necessary to prevent
any accelerated or additional tax under Code Section 409A, such settlement will be delayed until the earlier of: (a) the
date that is the first day of the seventh month following the Participant’s Termination of Service, and (b) the Participant’s
death.

 

(b)  Compliance
with Applicable Laws. Notwithstanding any other provision of the Award Terms or the Plan, the Company shall have no obligation
to deliver any shares of Stock or make any other distribution of benefits in connection with the Award or the Plan unless such
delivery or distribution complies with all applicable laws and the applicable requirements of any securities exchange or similar
entity.

 

(c)   Certificates.
To the extent the Award Terms and the Plan provide for the issuance of shares of Stock, the issuance may be effected on a non-certificated
basis, to the extent not prohibited by applicable law or the applicable requirements of any securities exchange or similar entity.

 

Section 5.     Withholding.
All deliveries of shares of Stock pursuant to the Award are conditioned on the Participant’s satisfaction of any applicable
withholding taxes. The Company, in its sole discretion, shall have the right to require the Participant (or if applicable, permitted
assigns, heirs or Designated Beneficiaries) to remit to the Company an amount sufficient to satisfy any federal, state, local,
foreign or other tax obligations imposed in connection with the grant, vesting or delivery of shares of Stock in connection with
the Award by requiring the Participant to choose between remitting the amount (a) in cash (through payroll deduction or otherwise)
or (b) through the surrender of shares of Stock that the Participant already owns, or to which the Participant is otherwise
entitled under the Plan. In no event, however, does this Section 5 give the Participant any discretion to determine
or affect the timing of deliveries of shares of Stock pursuant to the Award or the timing of payment of tax obligations.

 

Section 6.     Non-Transferability
of Award. Except as otherwise provided in the Plan, the Participant shall not sell,
assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise dispose of any RSUs during the Restricted Period. Any purported
transfer or assignment in violation of the provisions of this Section 6 will be void.

 

Section 7.     Dividend
Equivalents. Each RSU includes a right to dividend equivalent payments, which in
accordance with Section 2.1(g) of the Plan, represents an unfunded and unsecured promise to deliver to the
Participant additional RSUs equal in value to any regular dividends and distributions that would be paid on shares of Stock
with respect to the RSUs if such shares of Stock had been delivered during the Restricted Period and during the period
following the end of the Restricted Period and prior to the date of settlement of the Award (“Dividend
Equivalents”); provided, however, that no Dividend Equivalents shall be credited under this Section 7
to or for the benefit of the Participant with respect to record dates for such dividends or distributions occurring before
the Grant Date or on or after the date, if any, on which the Participant has forfeited the RSUs. Dividend Equivalents shall
be credited to an Award at the time the respective dividends or distributions are paid and shall be subject to the same
restrictions applicable to the underlying Award such that no Dividend Equivalents shall be delivered unless and until the
RSUs to which they relate are settled in shares of Stock in accordance with
 Section 4.

 

    3

     

    

 

Section 8.     No
Rights as Shareholder. Prior to the settlement of the RSUs pursuant to Section 4(a) above
and the issuance of a stock certificate or its equivalent as provided herein, the Participant shall have only the rights of a general
unsecured creditor, and no rights of a shareholder of the Company with respect to the RSUs, including but not limited to voting
rights,.

 

Section 9.     Heirs
and Successors. The Award Terms shall be binding upon, and inure to the benefit of,
the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets
or otherwise, all or substantially all of the Company’s assets or business. If any rights of the Participant or benefits
distributable to the Participant under the Award Terms have not been settled or distributed, respectively, at the time of the Participant’s
death, such rights shall be settled and payable to the Designated Beneficiary, and such benefits shall be distributed to the Designated
Beneficiary, in accordance with the provisions of the Award Terms and the Plan. The “Designated Beneficiary” shall
be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form as the Committee
may require. The designation of beneficiary may be amended or revoked from time to time by the Participant in accordance with the
procedures established by the Committee. If a Participant fails to designate a beneficiary, or if the Designated Beneficiary does
not survive the Participant, any rights that would have been payable to the Participant shall be payable to the legal representative
of the estate of the Participant. If a Participant designates a beneficiary and the Designated Beneficiary survives the Participant
but dies before the settlement of the Designated Beneficiary’s rights under the Award Terms, then any rights that would have
been payable to the Designated Beneficiary shall be payable to the legal representative of the estate of the Designated Beneficiary.

 

Section 10.   Administration.
The authority to manage and control the operation and administration of the Award Terms and the Plan is vested in the Committee,
and the Committee has all powers with respect to the Award Terms as it has with respect to the Plan. Any interpretation of the
Award Terms or the Plan by the Committee and any decision made by it with respect to the Award Terms or the Plan shall be final
and binding on all persons. In addition, neither the Company, any member of the Committee nor any person to whom the Committee
delegates its powers, responsibilities or duties in writing will have any liability to the Participant (or if applicable, permitted
assigns, heirs or Designated Beneficiaries) or any other person for any action taken or omitted in respect of this or any other
Award.

 

Section 11.  Plan
Governs. Notwithstanding anything in the Award Terms to the contrary, the Award
is subject to the terms of the Plan, a copy of which may be obtained by the Participant from the Corporate Secretary of the
Company. The Award Terms are subject to all interpretations, amendments, rules and regulations promulgated by the
Committee from time to time pursuant to the Plan. Notwithstanding anything in the Award Terms to the contrary, in the event
of any discrepancies between the corporate records of the Company and the Award Terms, the corporate records of the Company
shall control.

 

    4

     

    

 

Section 12.   Not
an Employment Contract. The Award shall not confer on the Participant any right with
respect to continuance of employment or other service with the Company or any Subsidiary, nor shall it interfere in any way with
any right the Company or any Subsidiary may otherwise have to terminate or modify the terms of such Participant’s employment
or other service at any time.

 

Section 13.   Amendment.
The Award Terms may be amended in accordance with the provisions of the Plan, and may otherwise be amended in writing by the Participant
and the Company without the consent of any other person.

 

Section 14.   Governing
Law. The Award Terms, the Plan, and all actions taken in connection herewith and therewith
shall be governed by and construed in accordance with the laws of the State of Illinois, without reference to principles of conflict
of laws, except as superseded by applicable federal law.

 

Section 15.   Section 409A.
The Award is intended to comply with Code Section 409A and the Award shall be administered and interpreted in accordance
with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend the Award
Terms without the consent of the Participant in order to maintain compliance with Code Section 409A; and the Participant’s
receipt of the Award constitutes the Participant’s acknowledgement of and consent to such rights of the Committee.

 

Section 16.   Clawback.
The Award and any amount or benefit received hereunder shall be subject to the Participant’s continued satisfaction of
and compliance with any restrictive covenants or non-competition provisions of the Award. The Award and any amount or benefit
received hereunder shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance
with the terms of the Award, any applicable policy that the Company may adopt from time to time (the “Policy”) or
any applicable law, as may be in effect from time to time. The Participant’s receipt of the Award constitutes the
Participant’s acknowledgment of and consent to the Company’s application, implementation and enforcement of
(a) the Policy or any similar policy established by the Company that may apply to the Participant, (b) any
provision of applicable law relating to cancellation, rescission, payback or recoupment of compensation, as well as the
Participant’s express agreement that the Company may take such actions as may be necessary to effectuate the Policy,
any similar policy or applicable law without further consideration or action and (c) the Award, including without
limitation, any restrictive covenants or non-competition provisions. The Participant’s receipt of the Award constitutes
the Participant’s acknowledgment of the Company’s right to enjoin the Participant’s employment with a
financial institution other than the Company to the extent such employment would violate or contravene any restrictive
covenants or non-competition provisions of the Award. If a Participant provides services for a financial institution
following a Retirement with Full Service or a Retirement with Partial Service, such Participant shall be obligated to repay
the shares of Stock delivered or cash in the amount of such shares of Stock delivered in connection with such retirement;
provided, that, this provision shall also apply to any Restricted Stock Unit Awards previously granted to Participant by the
Company under the First Busey Corporation 2010 Equity Incentive Plan.

 

    5

     

    

 

IN WITNESS WHEREOF,
the Company has caused the Award Terms to be executed in its name and on its behalf, all as of the Grant Date, and the Participant
acknowledges understanding and acceptance of, and agrees to, the Award Terms.

 

	 	FIRST BUSEY CORPORATION
	 	 
	 	By:	 
	 	Its:	President & CEO
	 	 
	 	PARTICIPANT
	 	 
	 	 
	 	Date:	 

 

    6Exhibit
10.1

 

EXECUTION
VERSION

 

SEVENTH
AMENDMENT TO FINANCING AGREEMENT

 

SEVENTH
AMENDMENT, dated as of May 22, 2020 (this “Amendment”), to the Financing Agreement, dated as of December 27,
2017 (as amended, supplemented, replaced or otherwise modified from time to time, the “Financing Agreement”),
by and among Rhino Resource Partners LP, a Delaware limited partnership (the “Parent”), Rhino Energy LLC, a
Delaware limited liability company (“Rhino”), each subsidiary of Rhino listed as a “Borrower” on
the signature pages thereto (together with Rhino, each a “Borrower” and collectively, the “Borrowers”),
each subsidiary of the Parent listed as a “Guarantor” on the signature pages thereto (together with the Parent
and each other Person that executes a joinder agreement and becomes a “Guarantor” thereunder, each a “Guarantor”
and collectively, the “Guarantors”), the lenders from time to time party thereto (each a “Lender”
and collectively, the “Lenders”), Cortland Capital Market Services LLC (“Cortland”), as
collateral agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral
Agent”), Cortland, as administrative agent for the Lenders (in such capacity, together with its successors and assigns
in such capacity, the “Administrative Agent”) and CB Agent Services LLC, as origination agent for the Lenders
(in such capacity, together with its successors and permitted assigns in such capacity, the “Origination Agent”
and together with the Collateral Agent and the Administrative Agent, each an “Agent” and collectively, the
“Agents”).

 

WHEREAS,
the Borrowers, the Guarantors, the Agents and the Lenders wish to amend certain terms and provisions of the Financing Agreement
as hereinafter set forth.

 

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

 

1.
Definitions. All terms used herein that
are defined in the Financing Agreement and not otherwise defined herein shall have the meanings assigned to them in the Financing
Agreement.

 

2.
Amendments.

 

(a)
Existing Definitions.

 

(i)
Section 1.01 of the Financing Agreement is hereby amended by deleting the definitions of “Applicable Collateral Coverage
Limit”, “Collateral Coverage Amount”, “Collateral Coverage Amount Certificate” and “Fixed
Charge Coverage Ratio” in their entirety.

 

(ii)
Section 1.01 of the Financing Agreement is hereby amended by amending the definition of “Permitted Indebtedness” to
(x) delete the word “and” at the end of clause (i) therein, (y) replace the “.” therein with “;
and” at the end of clause (j) therein and (y) add a new clause (k) therein to read as follows:

 

“(k)
Indebtedness under the CARES Act Loan in an aggregate principal amount not to exceed $10,000,000 outstanding at any time.”

 

    	 	 	 

     

    

 

(iii)
Section 1.01 of the Financing Agreement is hereby amended by amending and restating the definition of “Qualified Cash”
in its entirety to read as follows:

 

““Qualified
Cash” means, as of any date of determination, the aggregate amount of unrestricted cash on-hand of the Loan Parties maintained
in deposit accounts in the name of a Loan Party in the United States as of such date, which deposit accounts are subject to Control
Agreements, but Qualified Cash shall not include any cash that is the proceeds of the CARES Act Loan, which proceeds of the CARES
Act Loan must be used solely in a manner that is permitted by the CARES Act and such proceeds shall be reduced over time as utilized
in such manner.”

 

(b)
New Definitions. Section 1.01 of the Financing Agreement is hereby amended by adding the following definitions in appropriate
alphabetical order:

 

““Budget”
means, collectively, the consolidated cash requirement forecasts, cash flow statements, statements of operations and cash availability
schedules in the form attached hereto as Schedule 1.01(H), which are (a) prepared by or on behalf of the Loan Parties on a 13-week
basis, and (b) delivered by the Loan Parties to the Agents and the Lenders (i) on or before the Seventh Amendment Effective and
(ii) each quarter thereafter pursuant to Section 7.01(a)(xxvii) hereto (or more frequently should the Origination Agent so elect),
in each case, which shall be in substance satisfactory and approved by the Origination Agent at the time of delivery thereof.”

 

““Budget
Compliance Report” means a report, in form and substance reasonably satisfactory to the Origination Agent, that sets
forth, through the end of the immediately preceding week, a comparison of: (a) (i) the actual cash receipts for the immediately
preceding two week period to the projected cash receipts for such two week period, and (ii) the actual cash disbursements, on
a line item basis, for the immediately preceding two week period to the projected cash disbursements, on a line item basis, for
such two week period, each as set forth in the Budget for such period, together with a statement as to whether a Material Adverse
Deviation has occurred or not.”

 

““CARES
Act” means the Coronavirus Aid, Relief and Economic Security Act, as amended, and the related rules and regulations
promulgated thereunder.”

 

““CARES
Act Loan” means any loan or other financial accommodation under the Payroll Protection Program established pursuant
to the CARES Act under 15 U.S.C. 636(a)(36) (as added to the Small Business Act by Section 1102 of the CARES Act); provided that
(i) such Indebtedness is unsecured, (ii) the proceeds therefrom are used solely in a manner that is permitted by the CARES Act
and (iii) the Loan Parties have fully complied with and satisfied all eligibility requirements under the Payroll Protection Program
established pursuant to the CARES Act to borrow such Indebtedness.”

 

    	 	2	 

     

    

 

““Liquidity”
means, as of any date of determination, the amount equal to Qualified Cash.”

 

““Material
Adverse Deviation” means, as of any date of determination, the occurrence of any of the following: (i) actual
cash receipts, in the aggregate, for any two week test period on a rolling basis are less than ninety percent (90%) of the amount
projected in the Budget for such two week period, or (ii) actual cash disbursements, on a line item basis for any two week test
period on a rolling basis exceed one hundred fifteen percent (115%) of the amount projected for such line item in the Budget for
such two week period.”

 

““SBA”
means the U.S. Small Business Administration.”

 

““Seventh
Amendment” means the Seventh Amendment to Financing Agreement, dated as of May 22, 2020, by and among the Agents, the
Lenders party thereto and the Loan Parties.”

 

““Seventh
Amendment Effective Date” means the date on which each of the conditions precedent set forth in Section 5 of the Seventh
Amendment have been either satisfied or waived.”

 

““Small
Business Act” means the Small Business Act (15 U.S. Code Chapter 14A – Aid to Small Business).”

 

(c)
Amortization. Section 2.03(a) of the Financing Agreement is hereby amended and restated in its entirety to read as follows:

 

“(a)
The outstanding principal amount of the Term Loan shall be repayable on the last Business Day of (x) each calendar quarter in
an amount equal to $375,000, commencing on December 31, 2018 through and including March 31, 2020 and (y) thereafter, each calendar
month in an amount equal to $125,000; provided, however, that the last such installment shall be in the amount necessary
to repay in full the unpaid principal amount of the Term Loan. The outstanding unpaid principal amount of the Term Loan, and all
accrued and unpaid interest thereon, shall be due and payable on the earliest of (i) the Final Maturity Date and (ii) the date
on which the Term Loan is declared due and payable pursuant to the terms of this Agreement.”

 

(d)
Interest Payment. Section 2.04(c) of the Financing Agreement is hereby amended and restated in its entirety to read as
follows:

 

“(c)
Interest Payment. Interest (other than the Term Loan PIK Amount, which shall be capitalized in accordance with Section
2.04(a)) on each Loan shall be payable (i) with respect to any Reference Rate Loans, monthly, in arrears, on the fifth (5th)
Business Day of each month, commencing on the fifth (5th) Business Day of the month following the month in which such
Loan is made, (ii) with respect to any LIBOR Rate Loans, monthly, in arrears, on the fifth (5th) Business Day of each
month, commencing on the fifth (5th) Business Day of the month following the month in which such Loan is made, and
(iii) at maturity (whether upon demand, by acceleration or otherwise. Interest at the Post-Default Rate shall be payable on demand.
Each Borrower hereby authorizes the Administrative Agent to, and the Administrative Agent may, from time to time, charge the Loan
Account pursuant to Section 4.01 with the amount of any interest payment due hereunder.”

 

    	 	3	 

     

    

 

(e)
Mandatory Prepayments. Section 2.05(c)(vi) of the Financing Agreement is hereby deleted in its entirety.

 

(f)
Collateral Coverage Reporting. Section 7.01(a)(vi) of the Financing Agreement is hereby amended and restated in its entirety
to read as follows:

 

“(vi)
Reserved;”

 

(g)
Reporting. Section 7.01(a) of the Financing Agreement is hereby amended by (x) deleting the word “and” at the
end of clause (xxv) therein, (y) replacing the “.” therein with “; and” at the end of clause (xxvi) therein
and (y) adding new clauses (xxvii) and (xxviii) therein to read as follows:

 

“(xxvii)
on or about the twentieth (20th) day after the end of each fiscal quarter of the Parent and its Subsidiaries, commencing with
the first fiscal quarter of the Parent and its Subsidiaries ending after the Seventh Amendment Effective Date, a Budget for the
next 13-week period, prepared in form and substance satisfactory to the Origination Agent, which Budget, when delivered and as
so updated, shall be (1) consistent with the Budget delivered to the Agents on or prior to the Seventh Amendment Effective Date,
(2) believed by the Loan Parties at the time furnished to be reasonable, (3) prepared on a reasonable basis and in good faith,
and (4) based on assumptions believed by the Loan Parties to be reasonable at the time made and upon the best information then
reasonably available to the Loan Parties, and shall be accompanied by a certificate of an Authorized Officer of the Administrative
Borrower certifying as to the matters set forth in subclauses (1), (2), (3) and (4) above; provided, that such updated
Budget must be approved by the Origination Agent; and

 

(xxviii)
as soon as available and in any event not later than 2:00 p.m. (Eastern time) on Wednesday
of each week, a Budget Compliance Report.”

 

(h)
CARES Act Loan. Section 7.01 of the Financing Agreement is hereby amended by inserting a new clause (y) therein
to read as follows:

 

“(y)
CARES Act Loan.

 

(i)
Comply, in all material respects, with the SBA’s terms and conditions applicable to the CARES Act Loan;

 

(ii)
use the proceeds of the CARES Act Loans solely for “allowable uses” of proceeds of a SBA PPP Loan as described in
Section 1102 of the CARES Act; and

 

    	 	4	 

     

    

 

(iii)
promptly apply for forgiveness of that portion of the CARES Act Loan that is eligible for forgiveness and submit all documents
required to obtain forgiveness or other relief of that portion of the CARES Act Loan that is eligible for forgiveness by all deadlines
required by the CARES Act (and provide documentation and status of such forgiveness to the Administrative Agent upon the Administrative
Agent’s reasonable request).”

 

(i)
Collateral Coverage Amount. Section 7.03(a) of the Financing Agreement is hereby amended and restated in its entirety to
read as follows:

 

“(a)
Reserved.”

 

(j)
Liquidity and Accounts. Section 7.03(b) of the Financing Agreement is hereby amended and restated in its entirety to read
as follows:

 

“(b)
Minimum Liquidity and Accounts. Permit the sum of Liquidity and the aggregate amount of Accounts of the Parent and its
Subsidiaries at any time during any period set forth below to be less than the amount set forth opposite such period:

 

	Period	 	Liquidity and Accounts	 
	Month ending May 31, 2020	 	$	6,000,000	 
	Month ending June 30, 2020	 	$	11,000,000	 
	Quarter ending September 30, 2020 and each quarter ending thereafter	 	$	11,000,000	 

 

 

provided,
that each Loan Party shall not permit Liquidity of the Parent and its Subsidiaries at any time during any period set forth below
to be less than the amount set forth opposite such period:

 

	Period	 	Liquidity	 
	Month ending May 31, 2020	 	$	2,000,000	 
	Month ending June 30, 2020	 	$	2,000,000	 
	Quarter ending September 30, 2020	 	$	2,500,000	 
	Quarter ending December 31, 2020	 	$	3,000,000	 
	Quarter ending March 31, 2021	 	$	3,500,000	 
	Quarter ending June 30, 2021 and each quarter ending thereafter	 	$	4,000,000	”

 

    	 	5	 

     

    

 

(k)
Minimum Coal Inventory. Section 7.03 of the Financing Agreement is hereby amended by inserting a new clause (c)
therein to read as follows:

 

“(c)
Minimum Coal Inventory. Permit the aggregate coal inventory of the Parent and its Subsidiaries to be less than (i) $10,000,000
at any time during the quarter ending June 30, 2020, (ii) $12,000,000 at any time during the quarter ending September 30, 2020,
and (iii) $13,000,000 at any time during the quarter ending December 31, 2020 and thereafter.”

 

(l)
Cash Management. Section 8.01(a) of the Financing Agreement is hereby amended and restated in its entirety to read
as follows:

 

“(a)
The Loan Parties shall (i) establish and maintain cash management services of a type and on terms reasonably satisfactory to the
Agents at one or more of the banks set forth on Schedule 8.01 (each a “Cash Management Bank”) and (ii) except
as otherwise provided under Section 8.01(b), deposit or cause to be deposited promptly, and in any event no later than the next
Business Day after the date of receipt thereof, all proceeds in respect of any Collateral, all Collections (of a nature susceptible
to a deposit in a bank account) and all other amounts received by any Loan Party (including payments made by Account Debtors directly
to any Loan Party, but expressly excluding any identifiable proceeds of the CARES Act Loan) into a primary, permanently blocked
Cash Management Account (the “Blocked Collection Account”). The Loan Parties shall not be permitted to give
instructions with respect to the Blocked Collection Account. Notwithstanding the foregoing, the proceeds of the CARES Act Loan
shall be maintained in a Cash Management Account subject to a Control Agreement.”

 

(m)
Cash Management. Section 8.01 of the Financing Agreement is hereby amended by inserting a new clause (e) therein
to read as follows:

 

“(e)
Not less than one (1) Business Days prior to the end of each week, the Parent shall deliver a certificate to the Agents, detailing
the Loan Parties’ exact cash disbursement needs for the succeeding week (each, a “Weekly Cash Disbursement Report”).
Subject to the Origination Agent’s timely receipt and satisfaction with the Weekly Cash Disbursement Report, so long as
no Event of Default has occurred and is continuing, the Origination Agent will direct the Collateral Agent in writing to direct,
and the Collateral Agent shall direct, the Cash Management Bank to transfer the cash disbursement needs set forth in each Weekly
Cash Disbursement Report from the Blocked Collection Account to a Cash Management Account that is an operating or disbursement
account of the Loan Parties on or prior to the 2nd day of such succeeding week (or, if such day does not fall on a
Business Day, the Business Day immediately prior to such day); provided, that the Origination Agent may, in its discretion,
direct the Collateral Agent to direct the Cash Management Bank to transfer additional disbursements from the Blocked Collection
Account to an operating or disbursement account of the Loan Parties at additional times and in additional amounts. Upon the occurrence
and during the continuance of an Event of Default, the Collateral Agent may direct the Cash Management Bank to transfer funds
in any Cash Management Account to the Administrative Agent’s Account.”

 

    	 	6	 

     

    

 

(n)
Section 9.01(c) (Events of Default). Section 9.01(c) of the Financing Agreement is hereby amended and restated in its entirety
to read as follows:

 

“(c)
any Loan Party shall fail to perform or comply with any covenant or agreement contained in Section 7.01(a), Section 7.01(c), Section
7.01(d), Section 7.01(f), Section 7.01(h), Section 7.01(k), Section 7.01(m), Section 7.01(o), Section 7.01(s), Section 7.01(t),
7.01(u), 7.01(v), 7.01(w), Section 7.01(x), Section 7.01(y), Section 7.02 or Section 7.03 or Article VIII, or any Loan Party shall
fail to perform or comply with any covenant or agreement contained in any Security Agreement to which it is a party or any Mortgage
to which it is a party;”

 

(o)
Events of Default. Section 9.01 of the Financing Agreement is hereby amended by (x) deleting the word “or”
at the end of clause (t) therein, (y) replacing the “‘;” therein with “; or” at the end of clause
(u) therein and (z) adding new clause (v) therein to read as follows:

 

“(v)
a Material Adverse Deviation shall have occurred;”

 

(p)
Reserves. Section 10.17 of the Financing Agreement is hereby amended and restated in its entirety to read as follows:

 

“10.17
Reserved.”

 

(q)
Schedule 1.,01(H). Schedule 1.01(H) attached hereto as Exhibit A is hereby added to the Financing Agreement.

 

3.
Waiver.

 

(a)
Pursuant to the request by the Loan Parties, but subject to satisfaction of the conditions set forth in Section 5 hereof, and
in reliance upon (A) the representations and warranties of Loan Parties set forth herein and in the Financing Agreement and (B)
the agreements of the Loan Parties set forth herein, the Required Lenders hereby (i) waive any Event of Default that has or would
otherwise arise under Section 9.01 of the Financing Agreement solely by reason of the Loan Parties failing to comply with the
Financing Agreement and the other Loan Documents prior to the Seventh Amendment Effective Date.

 

(b)
The waiver in this Section 3 shall be effective only in this specific instance and for the specific purpose set forth herein and
does not allow for any other or further departure from the terms and conditions of the Financing Agreement or any other Loan Document,
which terms and conditions shall continue in full force and effect.

 

    	 	7	 

     

    

 

4.
Representations and Warranties. Each Loan
Party hereby represents and warrants to the Agents and the Lenders as follows :

 

(a)
Representations and Warranties; No Event of Default. The representations and warranties herein, in Article VI of the Financing
Agreement and in each other Loan Document, certificate or other writing delivered by or on behalf of the Loan Parties to any Agent
or any Lender pursuant to the Financing Agreement or any other Loan Document on or prior to the Seventh Amendment Effective Date
are true and correct in all material respects (except that such materiality qualifier shall not be applied to any representations
or warranties that already are qualified or modified as to “materiality” or “Material Adverse Effect”
in the text thereof, which representations and warranties shall be true and correct in all respects subject to such qualification)
on and as of the Seventh Amendment Effective Date, after giving effect to this Amendment (including the waiver set forth in Section
3 hereof), as though made on and as of such date (unless such representations or warranties are stated to relate to an earlier
date, in which case such representations and warranties shall be true and correct in all material respects (except that such materiality
qualifier shall not be applied to any representations or warranties that already are qualified or modified as to “materiality”
or “Material Adverse Effect” in the text thereof, which representations and warranties shall be true and correct in
all respects subject to such qualification) on and as of such earlier date), and no Default or Event of Default has occurred and
is continuing as of the Seventh Amendment Effective Date, after giving effect to this Amendment (including the waiver set forth
in Section 3 hereof), or would result from this Amendment becoming effective in accordance with its terms.

 

(b)
Organization, Good Standing, Etc. Each Loan Party (i) is a corporation, limited liability company or limited partnership
duly organized, validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has
all requisite power and authority to conduct its business as now conducted and as presently contemplated and to execute this Amendment
and deliver each Loan Document to which it is a party, and to consummate the transactions contemplated hereby and by the Financing
Agreement, and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of the
properties owned or leased by it or in which the transaction of its business makes such qualification necessary, except (solely
for the purposes of this subclause (iii)) where the failure to be so qualified and in good standing could reasonably be expected
to have a Material Adverse Effect.

 

(c)
Authorization; Etc. The execution, delivery and performance of this Amendment by the Loan Parties, and the performance
of the Financing Agreement, (i) have been duly authorized by all necessary action, (ii) do not and will not contravene (A) any
of its Governing Documents, (B) any applicable material Requirement of Law or (C) any material Contractual Obligation binding
on or otherwise affecting it or any of its properties, (iii) do not and will not result in or require the creation of any Lien
(other than pursuant to any Loan Document or any other Permitted Lien) upon or with respect to any of its properties, and (iv)
do not and will not result in any default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal of any
permit, license, authorization or approval applicable to its operations or any of its properties, except in the case of clause
(iv), to the extent where such contravention, default, noncompliance, suspension, revocation, impairment, forfeiture or nonrenewal
could not reasonably be expected to have a Material Adverse Effect.

 

    	 	8	 

     

    

 

(d)
Governmental Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental
Authority is required in connection with the due execution, delivery and performance by any Loan Party of this Amendment or any
other Loan Document to which it is or will be a party other than filings and recordings with respect to Collateral that were made,
or otherwise delivered to the Collateral Agent for filing or recordation, on the Effective Date.

 

5.
Conditions to Effectiveness. This Amendment
shall become effective only upon satisfaction in full, in a manner reasonably satisfactory to the Origination Agent, of the following
conditions precedent (the first date upon which all such conditions shall have been satisfied or waived being herein called the
“Seventh Amendment Effective Date”):

 

(a)
The Agents shall have received this Amendment, duly executed by the Loan Parties, each Agent and the Required Lenders.

 

(b)
The representations and warranties contained in this Amendment and in Article VI of the Financing Agreement and in each other
Loan Document shall be true and correct in all material respects (except that such materiality qualifier shall not be applied
to any representations or warranties that already are qualified or modified as to “materiality” or “Material
Adverse Effect” in the text thereof, which representations and warranties shall be true and correct in all respects subject
to such qualification) on and as of the Seventh Amendment Effective Date, after giving effect to this Amendment (including the
waiver set forth in Section 3 hereof), as though made on and as of such date (unless such representations or warranties are stated
to relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects
(except that such materiality qualifier shall not be applied to any representations or warranties that already are qualified or
modified as to “materiality” or “Material Adverse Effect” in the text thereof, which representations and
warranties shall be true and correct in all respects subject to such qualification) on and as of such earlier date).

 

(c)
No Default or Event of Default shall have occurred and be continuing on the Seventh Amendment Effective Date, after giving effect
to this Amendment (including the waiver set forth in Section 3 hereof), or result from this Amendment becoming effective in accordance
with its terms.

 

(d)
The Borrowers shall have paid on or before the Seventh Amendment Effective Date all fees, costs and expenses then payable pursuant
to Section 2.06 and Section 12.04, including, without limitation, the reasonable fees and expenses of (i) Schulte Roth & Zabel
LLP, counsel to the Origination Agent and (ii) Holland & Knight LLP, counsel to Administrative Agent.

 

    	 	9	 

     

    

 

(e)
The Loan Parties shall have provided to the Origination Agent an updated duly executed Perfection Certificate as of the Seventh
Amendment Effective Date.

 

(f)
The Origination Agent shall have received duly executed copies of all documents evidencing the CARES Act Loan.

 

(g)
The Origination Agent shall have received a copy of the Budget in the form attached hereto as Exhibit A.

 

(h)
The Origination Agent shall have determined, in its sole judgment, that no event or development shall have occurred since December
31, 2019 which could reasonably be expected to have a Material Adverse Effect.

 

(i)
All consents, authorizations and approvals of, and filings and registrations with, and all other actions in respect of, any Governmental
Authority or other Person required in connection with execution and performance of the Seventh Amendment and the transactions
contemplated thereunder or the conduct of the Loan Parties’ business shall have been obtained and shall be in full force
and effect.

 

6.
Continued Effectiveness of the Financing Agreement
and Other Loan Documents. Each Loan Party hereby (i) acknowledges and consents to this Amendment, (ii) confirms and agrees
that the Financing Agreement and each other Loan Document to which it is a party is, and shall continue to be, in full force and
effect and is hereby ratified and confirmed in all respects except that on and after the Seventh Amendment Effective Date all
references in any such Loan Document to “the Financing Agreement”, the “Agreement”, “thereto”,
“thereof”, “thereunder” or words of like import referring to the Financing Agreement shall mean the Financing
Agreement as amended or modified by this Amendment, and (iii) confirms and agrees that to the extent that any such Loan Document
purports to assign or pledge to the Collateral Agent for the benefit of the Agents and the Lenders, or to grant to the Collateral
Agent for the benefit of the Agents and the Lenders a security interest in or Lien on, any Collateral as security for the Obligations
of the Loan Parties from time to time existing in respect of the Financing Agreement (as amended hereby) and the other Loan Documents,
such pledge, assignment and/or grant of the security interest or Lien is hereby ratified and confirmed in all respects. This Amendment
does not and shall not affect any of the obligations of the Loan Parties, other than as expressly provided herein, including,
without limitation, the Loan Parties’ obligations to repay the Loans in accordance with the terms of Financing Agreement,
or the obligations of the Loan Parties under any Loan Document to which they are a party, all of which obligations shall remain
in full force and effect. Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall
not operate as a waiver of any right, power or remedy of the Agents or any Lender under the Financing Agreement or any other Loan
Document, nor constitute a waiver of any provision of the Financing Agreement or any other Loan Document.

 

    	 	10	 

     

    

 

7.
Release. Each Loan Party hereby acknowledges
and agrees that, on the Seventh Amendment Effective Date: (a) neither it nor any of its Affiliates has any claim or cause of action
arising on or prior to the Seventh Amendment Effective Date against any Agent or any Lender (or any of their respective Affiliates,
officers, directors, employees, attorneys, consultants or agents) under the Financing Agreement and the other Loan Documents and
(b) each Agent and each Lender has, prior to the Seventh Amendment Effective Date, properly performed and satisfied in a timely
manner all of its obligations prior to the Seventh Amendment Effective Date to such Loan Party and its Affiliates under the Financing
Agreement and the other Loan Documents. Notwithstanding the foregoing, the Agents and the Lenders wish (and each Loan Party agrees)
to eliminate, to the fullest extent permitted under applicable law, any possibility that any past conditions, acts, omissions,
events or circumstances which occurred prior to the Seventh Amendment Effective Date would impair or otherwise adversely affect
any of the Agents’ and the Lenders’ rights, interests, security and/or remedies under the Financing Agreement and
the other Loan Documents. Accordingly, for and in consideration of the agreements contained in this Amendment and other good and
valuable consideration, each Loan Party (for itself and its Affiliates and the successors, assigns, heirs and representatives
of each of the foregoing) (collectively, the “Releasors”) does hereby fully, finally, unconditionally and irrevocably
release and forever discharge each Agent, each Lender and each of their respective Affiliates, officers, directors, employees,
attorneys, consultants and agents (collectively, the “Released Parties”) from any and all debts, claims, obligations,
damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of action, in each case, arising
on or prior to the Seventh Amendment Effective Date, whether known or unknown, contingent or fixed, direct or indirect, and of
whatever nature or description, and whether in law or in equity, under contract, tort, statute or otherwise, which any Releasor
has heretofore had or now or hereafter can, shall or may have against any Released Party by reason of any act, omission or thing
whatsoever done or omitted to be done on or prior to the Seventh Amendment Effective Date and arising out of, connected with or
related in any way to this Amendment, the Financing Agreement or any other Loan Document, or any act, event or transaction on
or prior to the Seventh Amendment Effective Date related or attendant thereto, or the agreements of any Agent or any Lender contained
therein, or the possession, use, operation or control of any of the assets of each Loan Party, or the making of any Loans, or
the management of such Loans or the Collateral, in each case, on or prior to the Seventh Amendment Effective Date.

 

As
to each and every claim released hereunder, each Loan Party hereby represents that it has received the advice of legal counsel
with regard to the releases contained herein, and having been so advised, specifically waives the benefit of the provisions of
Section 1542 of the Civil Code of California which provides as follows:

 

“A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING
THE RELEASE, WHICH IF KNOWN BY HIM, MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.”

 

As
to each and every claim released hereunder, each Loan Party also waives the benefit of each other similar provision of applicable
federal or state law (including without limitation the laws of the state of New York), if any, pertaining to general releases
after having been advised by its legal counsel with respect thereto.

 

    	 	11	 

     

    

 

Each
Loan Party acknowledges that it may hereafter discover facts different from or in addition to those now known or believed to be
true with respect to such claims, demands, or causes of action arising on or prior to the Seventh Amendment Effective Date and
agrees that this instrument shall be and remain effective in all respects notwithstanding any such differences or additional facts.
Each Loan Party understands, acknowledges and agrees that to the extent permitted under applicable law, the release set forth
above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other
proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.

 

Each
Loan Party, for itself and on behalf of its successors, assigns, and officers, directors, employees and agents, and any Person
acting for or on behalf of, or claiming through it, hereby absolutely, unconditionally and irrevocably, covenants and agrees with
and in favor of the Released Parties above that it will not sue (at law, in equity, in any regulatory proceeding or otherwise)
the Released Parties on the basis of any claim released, remised and discharged by such Person pursuant to this Section 7. Each
Loan Party further agrees that it shall not dispute the validity or enforceability of the Financing Agreement or any of the other
Loan Documents or any of its obligations thereunder, or the validity, priority, enforceability or the extent of Collateral Agent’s
Lien on any item of Collateral under the Financing Agreement or the other Loan Documents. If any Loan Party or any of its respective
successors, assigns, or officers, directors, employees and agents, or any Person acting for or on behalf of, or claiming through
it violate the foregoing covenant, such Person, for itself and its successors, assigns and legal representatives, agrees to pay,
in addition to such other damages as the Released Parties may sustain as a result of such violation, all reasonable attorneys’
fees and costs incurred by the Released Parties as a result of such violation.

 

    	 	12	 

     

    

 

Each
Lender hereby acknowledges and agrees that, on the Seventh Amendment Effective Date: (a) neither it nor any of its Affiliates
has any claim or cause of action arising on or prior to the Seventh Amendment Effective Date against Cortland Capital Market Services
LLC, Colbeck Capital Management, LLC or CB Agent Services LLC (or any of their respective Affiliates, officers, directors, employees,
attorneys, consultants or agents) under the Financing Agreement and the other Loan Documents and (b) each of Cortland Capital
Market Services LLC, Colbeck Capital Management, LLC, CB Agent Services LLC and their respective Affiliates has, prior to the
Seventh Amendment Effective Date, properly performed and satisfied in a timely manner all of its obligations prior to the Seventh
Amendment Effective Date to such Lender and its Affiliates under the Financing Agreement and the other Loan Documents. Notwithstanding
the foregoing, Cortland Capital Market Services LLC, Colbeck Capital Management, LLC, CB Agent Services LLC and their respective
Affiliates wish (and each Lender agrees) to eliminate, to the fullest extent permitted under applicable law, any possibility that
any past conditions, acts, omissions, events or circumstances which occurred prior to the Seventh Amendment Effective Date would
give rise to any claim by any Lender against Cortland Capital Market Services LLC, Colbeck Capital Management, LLC, CB Agent Services
LLC and their respective Affiliates under the Financing Agreement and the other Loan Documents. Accordingly, for and in consideration
of the agreements contained in this Amendment and other good and valuable consideration, each Lender (for itself and its Affiliates
and the successors, assigns, heirs and representatives of each of the foregoing) (collectively, the “Lender Releasors”)
does hereby fully, finally, unconditionally and irrevocably release and forever discharge Cortland Capital Market Services LLC,
Colbeck Capital Management, LLC, CB Agent Services LLC and each of their respective Affiliates, officers, directors, employees,
attorneys, consultants and agents (collectively, the “Colbeck/Cortland Released Parties”) from any and all
debts, claims, obligations, damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes
of action, in each case, arising on or prior to the Seventh Amendment Effective Date, whether known or unknown, contingent or
fixed, direct or indirect, and of whatever nature or description, and whether in law or in equity, under contract, tort, statute
or otherwise, which any Lender Releasor has heretofore had or now or hereafter can, shall or may have against any Colbeck/Cortland
Released Party by reason of any act, omission or thing whatsoever done or omitted to be done on or prior to the Seventh Amendment
Effective Date and arising out of, connected with or related in any way to this Amendment, the Financing Agreement or any other
Loan Document, or any act, event or transaction on or prior to the Seventh Amendment Effective Date related or attendant thereto,
or the agreements of Cortland Capital Market Services LLC, Colbeck Capital Management, LLC, CB Agent Services LLC or any of their
respective Affiliates contained therein, or the possession, use, operation or control of any of the assets of each Loan Party,
or the making of any Loans, or the management of such Loans or the Collateral, in each case, on or prior to the Seventh Amendment
Effective Date.

 

As
to each and every claim released hereunder, each Lender hereby represents that it has received the advice of legal counsel with
regard to the releases contained herein, and having been so advised, specifically waives the benefit of the provisions of Section
1542 of the Civil Code of California which provides as follows:

 

“A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING
THE RELEASE, WHICH IF KNOWN BY HIM, MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.”

 

As
to each and every claim released hereunder, each Lender also waives the benefit of each other similar provision of applicable
federal or state law (including without limitation the laws of the state of New York), if any, pertaining to general releases
after having been advised by its legal counsel with respect thereto.

 

8.
Miscellaneous.

 

(a)
This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of
which shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart of this Amendment by facsimile or electronic mail shall be equally effective as delivery of an original
executed counterpart of this Amendment.

 

    	 	13	 

     

    

 

(b)
Section and paragraph headings herein are included for convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

 

(c)
This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York.

 

(d)
Each Loan Party hereby acknowledges and agrees that this Amendment constitutes a “Loan Document” under the Financing
Agreement. Accordingly, it shall be an immediate Event of Default under the Financing Agreement if (i) any representation or warranty
made by a Loan Party under or in connection with this Amendment shall have been untrue, false or misleading in any material respect
when made, or (ii) any Loan Party shall fail to perform or observe any term, covenant or agreement contained in this Amendment.

 

(e)
Any provision of this Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting the validity
or enforceability of such provision in any other jurisdiction.

 

(f)
The Borrowers will pay on demand all reasonable fees, costs and expenses of the Agents and the Lenders party to this Amendment
in connection with the preparation, execution and delivery of this Amendment or otherwise payable under the Financing Agreement,
including, without limitation, reasonable fees, disbursements and other charges of counsel to the Agents and the Lenders party
to this Amendment.

 

[remainder
of page intentionally left blank]

 

    	 	14	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and delivered as of the date set forth on the first
page hereof.

 

	 	BORROWERS:
	 	 
	 	RHINO
    ENERGY LLC
	 	 
	 	By:	/s/
    Richard A. Boone
	 	Name:	Richard
    A. Boone
	 	Title:	President
    & CEO

 

	 	RHINO
    EXPLORATION LLC
	 	RHINO
    TECHNOLOGIES LLC
	 	SPRINGDALE
    LAND LLC
	 	CAM
    MINING LLC
	 	MCCLANE
    CANYON MINING LLC
	 	HOPEDALE
    MINING LLC
	 	CAM-OHIO
    REAL ESTATE LLC
	 	CAM-KENTUCKY
    REAL ESTATE LLC
	 	CAM-COLORADO
    LLC
	 	TAYLORVILLE
    MINING LLC
	 	LEESVILLE
    LAND LLC
	 	CAM
    AIRCRAFT LLC
	 	CASTLE
    VALLEY MINING LLC
	 	PENNYRILE
    ENERGY LLC

 

	 	By:	/s/
    Richard A. Boone
	 	Name:	 Richard A. Boone
	 	Title:	 President & CEO

 

    	 	 	 

     

    

 

	 	GUARANTORS:
	 	 
	 	RHINO
    RESOURCE PARTNERS LP
	 	 
	 	By:
    Rhino GP LLC, its general partner
	 	 
	 	By:	/s/
    Richard A. Boone
	 	Name:	Richard
    A. Boone
	 	Title:	President
    & CEO

 

	 	RHINO
    TRUCKING LLC
	 	RHINO
    SERVICES LLC
	 	RHINO
    OILFIELD SERVICES LLC
	 	TRIAD
    ROOF SUPPORT SYSTEMS LLC
	 	RHINO
    COALFIELD SERVICES LLC
	 	RHINO
    NORTHERN HOLDINGS LLC
	 	CAM-BB
    LLC
	 	CAM
        COAL TRADING LLC

        JEWELL
        VALLEY MINING LLC

        RHINO
        EASTERN LLC

        ROCKHOUSE
        LAND LLC

 

	 	By:	/s/
    Richard A. Boone
	 	Name:	 Richard A. Boone
	 	Title:	 President & CEO

 

    	 	 	 

     

    

 

	 	COLLATERAL
    AGENT AND ADMINISTRATIVE AGENT:
	 	 
	 	CORTLAND
    CAPITAL MARKET SERVICES LLC
	 	 
	 	By:	/s/
    Matthew Trybula
	 	Name:	Matthew
    Trybula
	 	Title:	Associate
    Counsel

 

    	 	 	 

     

    

 

	 	ORIGINATION
    AGENT:
	 	 
	 	CB
    AGENT SERVICES LLC
	 	 
	 	By:	/s/
    Morris Beyda
	 	Name:	Morris
    Beyda
	 	Title:	Partner
    & COO

 

    	 	 	 

     

    

 

	 	LENDER:
	 	 
	 	COLBECK
        STRATEGIC LENDING MASTER, L.P.

         

        By:
        Colbeck Capital Management, LLC, its investment manager

	 	 
	 	By:	/s/
    Baabur Khondker
	 	Name:	Baabur
    Khondker
	 	Title:	Chief
    Financial Officer

 

    	 	 	 

     

    

 

	 	LENDER:
	 	 
	 	CION
    INVESTMENT CORPORATION
	 	 
	 	By:	/s/
    Gregg A. Bresner, CFA
	 	Name:	Gregg
    A. Bresner, CFA
	 	Title:	President
    & Chief Investment Officer

 

    	 	 	 

     

    

 

	 	LENDER:
	 	 
	 	34TH
    STREET FUNDING, LLC
	 	 
	 	By:	/s/
    Gregg A. Bresner, CFA
	 	Name:	Gregg
    A. Bresner, CFA
	 	Title:	President
    & Chief Investment Officer

 

    	 	 	 

     

    

 

Exhibit
A

 

Schedule
1.01(H)

 

Budget

 

[see
attached]

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