JOINDER AGREEMENT
Exhibit 10.3
EXECUTION VERSION
JOINDER AGREEMENT
THIS JOINDER AGREEMENT, dated as of February 24, 2016 (this Agreement) is executed by WARRIOR COAL, LLC, WEBSTER COUNTY COAL, LLC, WHITE OAK RESOURCES LLC, and HAMILTON COUNTY COAL, LLC (the Additional Originators), each a limited liability company organized under the laws of Delaware with its principal place of business located at 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma.
BACKGROUND:
A. Alliance Resource Operating Partners, L.P., a Delaware limited partnership (the Company) and the various entities from time to time party thereto, as Originators (collectively, the Originators), have entered into that certain Purchase and Sale Agreement, dated as of December 5, 2014 (as amended, restated, supplemented or otherwise modified through the date hereof, and as it may be further amended, restated, supplemented or otherwise modified from time to time, the Purchase and Sale Agreement).
B. The Additional Originators desire to become Originators pursuant to Section 4.3 of the Purchase and Sale Agreement.
NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Additional Originators hereby agree as follows:
SECTION 1. Definitions. Capitalized terms used in this Agreement and not otherwise defined herein shall have the meanings assigned thereto in the Purchase and Sale Agreement or in the Receivables Financing Agreement (as defined in the Purchase and Sale Agreement).
SECTION 2. Transaction Documents. The Additional Originators hereby agree that each shall be bound by all of the terms, conditions and provisions of, and shall be deemed to be party to (as if each were an original signatory to), the Purchase and Sale Agreement and each of the other relevant Transaction Documents. From and after the later of the date hereof and the date that each Additional Originator has complied with all of the requirements of Section 4.3 of the Purchase and Sale Agreement, the Additional Originators shall be Originators for all purposes of the Purchase and Sale Agreement and all other Transaction Documents. Each Additional Originator hereby acknowledges that it has received copies of the Purchase and Sale Agreement and the other Transaction Documents.
SECTION 3. Representations and Warranties. Each Additional Originator hereby makes all of the representations and warranties set forth in Article V (to the extent applicable) of the Purchase and Sale Agreement as of the date hereof (unless such representations or warranties relate to an earlier date, in which case as of such earlier date), as if such representations and warranties were fully set forth herein.
Joinder Agreement
SECTION 4. Amendments to the Purchase and Sale Agreement. The Purchase and Sale Agreement is hereby amended as follows:
(a) Schedule I of the Purchase and Sale Agreement is replaced in its entirety with Schedule I attached hereto.
(b) Schedule II of the Purchase and Sale Agreement is replaced in its entirety with Schedule II attached hereto.
(c) Schedule III of the Purchase and Sale Agreement is replaced in its entirety with Schedule III attached hereto.
(d) Schedule IV of the Purchase and Sale Agreement is replaced in its entirety with Schedule IV attached hereto.
(e) Schedule V of the Purchase and Sale Agreement is replaced in its entirety with Schedule V attached hereto.
SECTION 5. Cut-Off Date. The parties hereto hereby agree that the Cut-Off Date with respect to the Additional Originators shall be January 31, 2016.
SECTION 6. Miscellaneous. THIS AGREEMENT, INCLUDING THE RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF). This Agreement is executed by the Additional Originators for the benefit of the Buyer, and its assigns, and each of the foregoing parties may rely hereon. This Agreement shall be binding upon, and shall inure to the benefit of, the Additional Originators and their successors and permitted assigns. The Originators that are not Additional Originators, and the Buyer join in this Agreement for purposes of consenting to the addition of the Additional Originators and amending the Purchase and Sale Agreement as contemplated by Section 4. Administrative Agent joins in this Agreement to evidence its consent to the addition of the Additional Originators and the amendments contemplated in Section 4.
[Signature Pages Follow]
Joinder Agreement
IN WITNESS WHEREOF, the undersigned has caused this Agreement to be executed by its duly authorized officer as of the date and year first above written.
| WARRIOR COAL, LLC | ||
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| By: | /s/ R. Eberly Davis |
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| Name: R. Eberley Davis | |
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| Title: Senior Vice President, General Counsel and Secretary | |
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| WEBSTER COUNTY COAL, LLC | ||
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| By: | /s/ R. Eberly Davis |
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| Name: R. Eberley Davis | |
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| Title: Senior Vice President, General Counsel and Secretary | |
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| WHITE OAK RESOURCES LLC | ||
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| By: | /s/ R. Eberly Davis |
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| Name: R. Eberley Davis | |
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| Title: Senior Vice President, General Counsel and Secretary | |
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| HAMILTON COUNTY COAL, LLC | ||
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| By: | /s/ R. Eberly Davis |
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| Name: R. Eberley Davis | |
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| Title: Senior Vice President, General Counsel and Secretary |
Joinder Agreement
| ORIGINATORS: | ||
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| ALLIANCE COAL, LLC | ||
| GIBSON COUNTY COAL, LLC | ||
| HOPKINS COUNTY COAL, LLC | ||
| METTIKI COAL (WV), LLC | ||
| MT. VERNON TRANSFER TERMINAL, LLC | ||
| RIVER VIEW COAL, LLC | ||
| SEBREE MINING, LLC | ||
| TUNNEL RIDGE, LLC | ||
| WHITE COUNTY COAL, LLC | ||
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| By: | /s/ R. Eberly Davis |
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| Name: R. Eberley Davis | ||
| Title: Senior Vice President, General Counsel and Secretary |
Joinder Agreement
Consented to:
ALLIANCE RESOURCE OPERATING PARTNERS, L.P.
By: | /s/ R. Eberly Davis |
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Name: R. Eberley Davis |
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Title: Senior Vice President, General Counsel, and Secretary |
Joinder Agreement
Acknowledged by and consented to:
PNC BANK, NATIONAL ASSOCIATION,
as Administrative Agent and sole Lender
By: | /s/ Michael Brown |
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Name: Michael Brown |
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Title: Senior Vice President |
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Joinder Agreement
Schedule I
LIST OF ORIGINATORS
Alliance Coal, LLC
Gibson County Coal, LLC
Hamilton County Coal, LLC
Hopkins County Coal, LLC
Mettiki Coal (WV), LLC
Mt. Vernon Transfer Terminal, LLC
River View Coal, LLC
Sebree Mining, LLC
Tunnel Ridge, LLC
Warrior Coal, LLC
Webster County Coal, LLC
White County Coal, LLC
White Oak Resources LLC
| Schedule II | Joinder Agreement |
Schedule II
LOCATION OF EACH ORIGINATOR
Originator | Location |
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Alliance Coal, LLC | Delaware |
Gibson County Coal, LLC | Delaware |
Hamilton County Coal, LLC | Delaware |
Hopkins County Coal, LLC | Delaware |
Mettiki Coal (WV), LLC | Delaware |
Mt. Vernon Transfer Terminal, LLC | Delaware |
River View Coal, LLC | Delaware |
Sebree Mining, LLC | Delaware |
Tunnel Ridge, LLC | Delaware |
Warrior Coal, LLC | Delaware |
Webster County Coal, LLC | Delaware |
White County Coal, LLC | Delaware |
White Oak Resources LLC | Delaware |
Joinder Agreement
Schedule III
LOCATION OF BOOKS AND RECORDS OF EACH ORIGINATOR
Originator | Location of Books and Records |
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Alliance Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Gibson County Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Hamilton County Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Hopkins County Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Mettiki Coal (WV), LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Mt. Vernon Transfer Terminal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
River View Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Sebree Mining, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Tunnel Ridge, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Warrior Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
Webster County Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
White County Coal, LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
White Oak Resources LLC
| 1717 S. Boulder Ave., Suite 400, Tulsa, Oklahoma |
| Schedule III | Joinder Agreement |
Schedule IV
TRADE NAMES OF EACH ORIGINATOR
Legal Name | Trade Names |
Alliance Coal, LLC
| Not Applicable |
Gibson County Coal, LLC
| Not Applicable |
Hamilton County Coal, LLC
| Not Applicable |
Hopkins County Coal, LLC
| Not Applicable |
Mettiki Coal (WV), LLC
| Not Applicable |
Mt. Vernon Transfer Terminal, LLC
| Not Applicable |
River View Coal, LLC
| Not Applicable |
Sebree Mining, LLC
| Not Applicable |
Tunnel Ridge, LLC
| Not Applicable |
Warrior Coal, LLC
| Not Applicable |
Webster County Coal, LLC
| Not Applicable |
White County Coal, LLC
| Not Applicable |
White Oak Resources LLC
| Not Applicable |
| Schedule IV | Joinder Agreement |
Schedule V
LOCATION OF MINING OPERATIONS OF EACH ORIGINATOR
ORIGINATOR | MINEHEAD | STATE | COUNTY |
Alliance Coal, LLC
| N/A | N/A | N/A |
Gibson County Coal, LLC
| Gibson N. Complex/ Gibson S. Complex | IN | Gibson County Knox County |
Hamilton County Coal, LLC
| Hamilton County Coal Mine #1 (Hamilton County Coal, LLC operates and generates its Receivables from coal mined at this mine, but the record interest in coal at this mine is held by White Oak Resources LLC) | IL | Hamilton County |
Hopkins County Coal, LLC
| Elk Creek Mine | KY | Hopkins County |
Mettiki Coal (WV), LLC
| Mettiki- Mountain View Mine | WV | Grant County Tucker County |
Mt. Vernon Transfer Terminal, LLC
| N/A (Transfer Terminal) | N/A | N/A |
River View Coal, LLC
| River View Mine | KY | Union County |
Sebree Mining, LLC
| Onton No. 9 Mine | KY | Hopkins County Webster County |
Tunnel Ridge, LLC
| Tunnel Ridge Mine | PA WV | Washington County Ohio County |
Warrior Coal, LLC
| Warrior Mine | KY | Hopkins County |
Webster County Coal, LLC
| Dotiki Mine | KY | Webster County |
| Schedule V | Joinder Agreement |
ORIGINATOR | MINEHEAD | STATE | COUNTY |
White County Coal, LLC
| Pattiki Mine | IL | White County |
White Oak Resources LLC
| Hamilton County Coal Mine #1 | IL | Hamilton County |
| Schedule V | Joinder Agreement |