SEC Contract Filing

Filing Date: 2022-05-23

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex_378990.htm
<DESCRIPTION>EXHIBIT 10.1 - SEVENTH AMENDMENT TO CREDIT AGREEMENT DATED MAY 20, 2022
<TEXT>
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<p style="margin-bottom: 0px; text-align: right; margin-top: 0px"><font style="font-family: 'Times New Roman', Times, serif; font-size: 10pt"><b>Exhibit 10.1</b></font></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>SEVENTH AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT </b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 27pt;"><b>SEVENTH AMENDMENT TO THE THIRD AMENDED AND RESTATED CREDIT AGREEMENT </b>(this &#8220;<u>Amendment</u>&#8221;), dated as of May 20, 2022, by and among <b>HALLADOR ENERGY COMPANY</b> (the &#8220;<u>Borrower</u>&#8221;), the Guarantors party hereto, the lenders listed on the signature pages hereof and <b>PNC BANK, NATIONAL ASSOCIATION</b>, as administrative agent for the Lenders (the &#8220;<u>Administrative Agent</u>&#8221;) under the Credit Agreement referred to below.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 8pt;"><b>WlTNESSETH:</b></p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 27pt;">WHEREAS, the Borrower, the Lenders and the Administrative Agent are party to the Third Amended and Restated Credit Agreement dated as of May&nbsp;21, 2018, as amended by the First Amendment dated as of March&nbsp;26, 2019, the Second Amendment dated as of September 30, 2019, the Third Amendment dated as of April 15, 2020, the Fourth Amendment dated as of July 2, 2020, the Fifth Amendment dated as of May 27, 2021 and the Sixth Amendment dated as of March 25, 2022 (and as may be further amended, restated, modified or supplemented, the &#8220;<u>Credit Agreement</u>&#8221;) (capitalized terms used without definition in this Amendment have the meanings given to them in the Credit Agreement), pursuant to which the Lenders have extended credit to the Borrower;</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 27pt;">WHEREAS, the Borrower has requested that certain amendments be made as set forth in more detail herein; and</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 27pt;">WHEREAS, capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the Credit Agreement.</p>

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<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt 8pt; text-indent: 27pt;">NOW, THEREFORE, in consideration of their mutual covenants and agreements hereafter set forth, and intending to be legally bound, the parties hereto agree as follows:</p>

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 <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: center;"><u>ARTICLE I</u></p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Section 1.1</b></p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>&nbsp;</b><b><u>Amendments to Credit Agreement</u></b>.&nbsp;&nbsp;The Credit Agreement is hereby amended to be as set forth in the conformed copy attached hereto as <u>Exhibit A</u>.&nbsp;&nbsp;The Credit Agreement as so amended is referred to herein as the &#8220;<u>Amended Credit Agreement</u>.&#8221;</p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Section 1.2</b></p>
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 <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><u>Pari Passu Intercreditor