EX-2.5: LETTER AGREEMENT

EX-2.5 6 y13083exv2w5.htm EX-2.5: LETTER AGREEMENT EX-2.5
 

Exhibit 2.5
ALPHA NATURAL RESOURCES, LLC
406 West Main Street
Abingdon, Virginia 24212
September 23, 2005
Seller Parties Named on the Signature Pages Hereof
c/o David Lester
148 Bristol East Road
Bristol, VA 24201
Ladies and Gentlemen:
     The “Seller Parties” and “Buyer Parties” named on the signature pages of this letter agreement hereby agree, with respect to each of the agreements listed on Exhibit A (collectively, the “Agreements”), in consideration of the mutual covenants, conditions and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, that:
     1. This letter agreement has been executed following the execution of, and effectively amends, each of the Agreements, and for purpose of the Agreements the provisions of this letter agreement shall become an integral part of each of the Agreements as though its terms and provisions were set forth therein in full.
     2. As used in each of the specific references listed on Exhibit B to this letter, “Business” shall mean the entire business of the mining, processing, transportation and sale of coal, domestic trading of coal (including the purchase and resale of coal produced by others), owning and leasing coal reserves and other interests in real property, and all activities related to the foregoing conducted by all of the following entities: Buchanan Energy Company, LLC, Mate Creek Energy of W. Va., Inc., Nicewonder Contracting, Inc., Powers Shop, LLC, Premium Energy, Inc., Twin Star Mining, Inc., Virginia Energy Company and White Flame Energy, Inc. in the State of West Virginia and the Commonwealths of Kentucky and Virginia that is being acquired directly or indirectly by Buyer Parties pursuant to the Agreements.
     3. As used in any other instance in any Agreement, the term “Business” shall have the meaning as set forth in such Agreement.
     4. If any party hereto is required to disclose any of the Agreements pursuant to any state or federal securities law, such disclosure may be accompanied by the disclosure of this letter agreement.

 


 

Sincerely,
         
BUYER PARTIES:    
 
       
ALPHA NATURAL RESOURCES, INC.    
 
       
By:
  /s/ Vaughn R. Groves    
 
  Vaughn R. Groves, Vice President    
 
       
ALPHA NATURAL RESOURCES, LLC    
 
       
By:
  /s/ Vaughn R. Groves    
 
  Vaughn R. Groves, Vice President    
 
       
PREMIUM ENERGY, LLC    
 
       
By:
  /s/ Vaughn R. Groves    
 
  Vaughn R. Groves, Vice President    
 
       
SELLER PARTIES:    
 
       
MATE CREEK ENERGY OF W. VA., INC.    
 
       
By:
  /s/ Kenneth Donald “Don” Nicewonder    
 
  Name: Kenneth Donald “Don” Nicewonder    
 
  Title: Vice President    
 
       
VIRGINIA ENERGY COMPANY    
 
       
By:
  /s/ Kenneth Donald “Don” Nicewonder    
 
  Name: Kenneth Donald “Don” Nicewonder    
 
  Title: President    
 
       
/s/ Paul Chaney    
PAUL CHANEY    
[Signature Page to Cross-Condition Side Letter]

 


 

         
/s/ David Fletcher    
DAVID FLETCHER    
 
       
/s/ Kim Nicewonder Johnson    
KIM NICEWONDER JOHNSON    
 
       
/s/ David Lester    
DAVID LESTER    
 
       
/s/ E. H. Lester    
E. H. LESTER    
 
       
E. H. LESTER CHARITABLE INCOME TRUST II    
 
       
By:
  /s/ Edsel H. Lester    
 
  Name: Edsel H. Lester    
 
  Title: Attorney-in-Fact under power of attorney    
dated February 4, 1998, for Paige G. Lester, Trustee    
 
       
/s/ Kenneth Donald “Don” Nicewonder    
KENNETH DONALD “DON” NICEWONDER    
 
       
/s/ J. D. Nicewonder    
J. D. NICEWONDER    
 
       
/s/ John Kevin Nicewonder    
JOHN KEVIN NICEWONDER    
 
       
/s/ Kenneth R. Nicewonder    
KENNETH R. NICEWONDER    
 
       
/s/ F. D. Robertson    
F. D. ROBERTSON, individually and as Sellers    
Representative under the Buchanan Energy Purchase
Agreement
   
[Signature Page to Cross-Condition Side Letter]

 


 

         
TRI-CITIES INVESTMENTS, a Virginia general partnership    
 
       
By: Tri-Cities Investments, Inc., its general partner    
 
       
By:
  /s/ David Lester    
 
  Name: David Lester    
 
  Title: President    
[Signature Page to Cross-Condition Side Letter]

 


 

     
PREMIUM ENERGY, INC.
 
   
By:
  /s/ Kenneth Donald “Don” Nicewonder
 
  Name: Kenneth Donald “Don” Nicewonder
 
  Title: President
[Signature Page to Cross-Condition Side Letter]

 


 

Exhibit A
AGREEMENTS
Acquisition Agreement, dated as of September 23, 2005, among Alpha Natural Resources, LLC, Mate Creek Energy of W. Va., Inc., Virginia Energy Company, the unitholders of Powers Shop, LLC, and the shareholders of Nicewonder Contracting, Inc., Twin Star Mining, Inc. and White Flame Energy, Inc. (the “Acquisition Agreement”)
Membership Unit Purchase Agreement, dated as of September 23, 2005, among Premium Energy, LLC and the unitholders of Buchanan Energy Company, LLC (the “Buchanan Energy Purchase Agreement”)
Agreement and Plan of Merger, dated as of September 23, 2005, among Alpha Natural Resources, Inc., Alpha Natural Resources, LLC, Premium Energy, LLC, Premium Energy, Inc. and the shareholders of Premium Energy, Inc. (the “Premium Energy Merger Agreement”)

 


 

Exhibit B
MODIFIED REFERENCES TO “BUSINESS”
Acquisition Agreement: Sections 6.8, 7.7, 8.1(t) and 8.2(g)
Buchanan Energy Purchase Agreement: Sections 6.8, 7.7, 8.1(t) and 8.2(g)
Premium Energy Merger Agreement: Sections 6.8, 7.7, 8.1(t) and 8.2(f)