SEC Contract Filing

Filing Date: 2020-02-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d800147dex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML><HEAD>
<TITLE>EX-10.1</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<Center><DIV STYLE="width:8.5in" align="left">
 <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="right">EXECUTION VERSION </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT
</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Agreement (this &#147;<U>Agreement</U>&#148;), dated as of February&nbsp;4, 2020, is by and among Elliott Investment Management
L.P., a Delaware limited partnership, Elliott Associates, L.P., a Delaware limited partnership, and Elliott International, L.P., a Cayman Islands limited partnership (each, an &#147;<U>Elliott Party</U>,&#148; and collectively, the &#147;<U>Elliott
Parties</U>&#148;), and Peabody Energy Corporation, a Delaware corporation (the &#147;<U>Company</U>&#148;). In consideration of and reliance upon the mutual covenants and agreements contained in this Agreement, and for other good and valuable
consideration, the receipt and sufficiency of which is acknowledged, the Elliott Parties and the Company agree as follows: </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.&nbsp;&nbsp;&nbsp;&nbsp;<U>New Directors</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;<I>New Director Appointments</I>. As promptly as practicable following the date of this Agreement (but in no event
later than the earlier of (x)&nbsp;the next Board meeting after execution of this Agreement and (y)&nbsp;February&nbsp;20, 2020), the Board of Directors of the Company (the &#147;<U>Board</U>&#148;) shall take such actions as are necessary to
(i)&nbsp;increase the size of the Board by two (2)&nbsp;directors to a total of twelve (12)&nbsp;directors and (ii)&nbsp;appoint each of David Miller, Samantha Algaze (together with Mr.&nbsp;Miller, each an &#147;<U>Investor Designee</U>&#148; and,
collectively, the &#147;<U>Investor Designees</U>&#148;) and Darren Yeates (the &#147;<U>New Independent Director</U>&#148; and, together with the Investor Designees, the &#147;<U>Investor Appointed Directors</U>&#148;) as members of the Board, in
each case, in accordance with the Fourth Amended and Restated Certificate of Incorporation of the Company (the &#147;<U>Certificate</U>&#148;), the Amended and Restated <FONT STYLE="white-space:nowrap">By-Laws</FONT> of the Company (the
&#147;<U>Bylaws</U>&#148;), and the Delaware General Corporation Law (the &#147;<U>DGCL</U>&#148;). In addition, as promptly as practicable following the date of this Agreement (and in any event within thirty&nbsp;(30) days of the date of this
Agreement), the Board and the Elliott Parties shall cooperate to jointly identify a Qualified Candidate (as defined below) with extensive mining operations experience who is reasonably acceptable to both the Company and the Elliott Parties (such
person, the &#147;<U>Additional Independent Director</U>&#148; and, together with the Investor Appointed Directors, the &#147;<U>New Directors</U>&#148;). As promptly as practicable following the joint identification of the Additional Independent
Director in accordance with this <U>Section</U><U></U><U>&nbsp;1(a)</U>, the Board shall take such actions as are necessary to (i)&nbsp;increase the size of the Board by one (1)&nbsp;director to thirteen (13)&nbsp;directors and (ii)&nbsp;appoint the
Additional Independent Director as a member of the Board, in each case, in accordance with the Certificate, the Bylaws and the DGCL. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<I>Committee Membership</I>. Effective upon their respective appointments to the Board, the Board shall take such
actions as are necessary to appoint (i)&nbsp;Mr.&nbsp;Miller to the Executive Committee and the Compensation Committee of the Board; (ii)&nbsp;Ms.&nbsp;Algaze to the Nominating&nbsp;&amp; Corporate Governance Committee of the Board;
(iii)&nbsp;Mr.&nbsp;Yeates to the Health, Safety, Security&nbsp;&amp; Environmental Committee and the Audit Committee (or if Mr.&nbsp;Yeates is determined by the Board not to meet the applicable independence requirements for service on the Audit
Committee, then the Nominating&nbsp;&amp; Corporate Governance Committee) of the Board; and (iv)&nbsp;the Additional Independent Director to at least one standing committee of the Board to be determined by the Nominating&nbsp;&amp; Corporate
Governance Committee of the Board. During the term of this Agreement, the Board shall appoint at least one Investor Designee to serve on any new committee of the Board that is formed by the Board following the date of this Agreement. It is the
Board&#146;s policy to invite all members of the Board to attend all meetings of each committee of the Board and to provide each member of the Board with the materials prepared for all meetings of the Board and each of its committee. </P>
</DIV></Center>

<p Style='page-break-before:always'>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(c)&nbsp;&nbsp;&nbsp;&nbsp;<I>Nomination of New Directors at the 2020 Annual Meeting</I>.
The Company agrees that, provided that a New Director is able and willing to serve on the Board and, except with respect to the Investor Designees (or any Replacement Investor Designee (as defined below)), continues to