SEC Contract Filing

Filing Date: 2017-10-04

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d443805dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 4 TO ASSET-BASED REVOLVING CREDIT AGREEMENT AND </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDMENT NO. 2 TO PLEDGE AND SECURITY AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS AMENDMENT NO. 4 TO ASSET BASED REVOLVING CREDIT Agreement AND AMENDMENT NO. 2 TO PLEDGE AND SECURITY AGREEMENT is entered into as of
October&nbsp;3, 2017 (this &#147;<B>Amendment</B>&#148;) by and among Warrior Met Coal, Inc., a Delaware corporation (f/k/a Warrior Met Coal, LLC, a Delaware limited liability company) (&#147;<B>Holdings</B>&#148;), certain of its subsidiaries
identified therein as borrowers (together with Holdings, each a &#147;<B>Borrower</B>&#148; and collectively, the &#147;<B>Borrowers</B>&#148;), each lender from time to time party to the Credit Agreement (the &#147;<B>Lenders</B>&#148;) and
Citibank, N.A., as administrative agent and collateral agent (in such capacities, including any successor thereto, the &#147;<B>Administrative Agent</B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>W I T N E S S E T H : </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Holdings, certain of its subsidiaries, the Lenders and the Administrative Agent are parties to that certain Asset-Based Revolving
Credit Agreement, dated as of April 1, 2016 (as amended by (i)&nbsp;that certain Amendment No.&nbsp;1 to Asset-Based Revolving Credit Agreement, dated as of January&nbsp;23, 2017, (ii) that certain Amendment No.&nbsp;2 to Asset-Based Revolving
Credit Agreement, dated as of March 24, 2017, (iii) that certain Amendment No.&nbsp;3 to Asset-Based Revolving Credit Agreement and Amendment No.&nbsp;1 to Pledge and Security Agreement, dated as of May 15, 2017, and (iv)&nbsp;as further amended,
restated, supplemented, and/or otherwise modified from time to time prior to the date hereof, the &#147;<B>Credit Agreement</B>&#148; and as amended by this Amendment, the &#147;<B>Amended Credit Agreement</B>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Holdings, certain of its subsidiaries, the Lenders and the Administrative Agent are parties to that certain Pledge and Security
Agreement, dated as of April 1, 2016 (as amended, restated, supplemented, and/or otherwise modified from time to time prior to the date hereof, the &#147;<B>Security Agreement</B>&#148; and as amended by (i)&nbsp;that certain Amendment No.&nbsp;3 to
Asset-Based Revolving Credit Agreement and Amendment No.&nbsp;1 to Pledge and Security Agreement, dated as of May 15, 2017, and (ii)&nbsp;as further amended by this Amendment, the &#147;<B>Amended Security Agreement</B>&#148;); capitalized terms
used herein and not otherwise defined shall have the meanings assigned to such terms in the Amended Credit Agreement or the Amended Security Agreement, as applicable; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Borrowers have requested that the Administrative Agent and the Lenders amend certain provisions of the Credit Agreement and the
Security Agreement as provided herein; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to such request, the Administrative Agent and the undersigned Lenders,
constituting the Required Lenders, are willing to amend the terms of the Credit Agreement and the Security Agreement, in each case, subject to the terms and conditions hereof; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the mutual agreements contained in this Amendment, the Amended Credit Agreement and the Amended Security
Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">SECTION&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;<I>Amendments.</I><SUP
STYLE="font-size:85%; vertical-align:top"> </SUP> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Section 1.01 of the Credit Agreement is hereby amended by
adding the following definitions in the appropriate alphabetical order: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;&#147;<U>ABL Intercreditor Agreement</U>&#148; shall mean
the an intercreditor agreement in form and substance reasonably satisfactory to the Loan Parties, the Administrative Agent and any other representative (as described therein) from time to time party thereto.&#148; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">&#147;&#147;<U>Fourth Amendment Effective Date</U>&#148; means October&nbsp;3, 2017&#148; </