STAFFING

EX-10.7 3 pcx_ex107x2012930.htm AMENDMENT TO ENGAGEMENT LETTER - AP SERVICES PCX_EX10.7_2012.9.30
EXHIBIT 10.7

July 17, 2012


Irl F. Engelhardt
Chairman and Chief Executive Officer
Patriot Coal Corporation
12312 Olive Boulevard
St. Louis, Missouri 63141

Re: Agreement for the Provision of Interim Management Services - First Amendment

Dear Mr. Engelhardt:

This letter represents the first amendment (the “First Amendment”) to the agreement between AP Services, LLC, a Michigan limited liability company (“APS”) and Patriot Coal Corporation (the “Company”) dated July 9, 2012 (the “Engagement Letter”). Unless otherwise modified herein, the terms and conditions of the Engagement Letter remain in full force and effect.

STAFFING

APS will replace Ted Stenger as Chief Restructuring Officer of Patriot Coal Corporation with Kenneth A. Hiltz, effective July 17, 2012. Attached is an updated Exhibit A to reflect this change.

If these terms meet with your approval, please sign and return the enclosed copy of the Agreement.

We look forward to working with you.

Sincerely yours,

AP Services, LLC

/s/ Kenneth A. Hiltz

Kenneth A. Hiltz
Authorized Representative


Acknowledged and Agreed to:
PATRIOT COAL CORPORATION
By:    /s/ Joseph W. Bean
Its:    Senior Vice President - Law & Administration
Dated:    7/19/12



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AP Services, LLC


Exhibit A - Revised July 17, 2012


Temporary Staff
Individuals with Officer Positions

Name
Description
Hourly Rate1
Commitment
Full2 or Part3 Time
Kenneth A. Hiltz
Chief Restructuring Officer
$880
Full Time



Additional Temporary Staff

Name
Description
Hourly Rate1
Commitment
Full2 or Part3 Time
Dipes Patel
Associate
$345
Full Time
Christopher Blacker
Director
$620
Full Time
Scott Mell
Director
$665
Full Time
Robb McWilliams
Director
$665
Full Time


The parties agree that Exhibit A can be amended by APS from time to time to add or delete staff, and the Monthly Staffing Reports shall be treated by the parties as such amendments.


















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1 Standard hourly rates listed are prior to application of the 10% discount set forth on Schedule 1. The hourly rate structure is further defined on Schedule 1.
2 Full time is defined as substantially full time.
3 Part time is defined as approximately 2-3 days per week, with some weeks more or less depending on the needs and issues facing the Company at that time.

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