PEABODY ENERGY CORPORATION AMENDMENT TO RESTRICTED STOCK AGREEMENT

THIS AMENDMENT TO RESTRICTED STOCK AGREEMENT (this “Amendment”) dated as of October 24, 2013, is made by and between Peabody Energy Corporation, a Delaware corporation (the “Company”) and Eric Ford (the “Grantee”).

WHEREAS, the Company previously adopted the Peabody Energy Corporation 2011

WHEREAS, pursuant to the terms of the Plan, the Company and the Grantee entered into that certain Restricted Stock Agreement dated as of October 26, 2011 (the “Agreement”) whereby the Company awarded the Grantee 24,038 restricted shares of common stock of the Company (the “Common Stock”);

WHEREAS, pursuant to Section 5.7 of the Agreement, the Company and the Grantee may amend the Agreement in writing and executed by both parties thereto;

WHEREAS, the Grantee is expected to retire from the Company on January 31, 2014, and is expected to act as a consultant to the Company for the period beginning on February 1,

WHEREAS, the Company and the Grantee desire to amend to the Agreement to provide that for so long as (a) the Grantee remains available to provide consulting services to the Company during the Consulting Period, and (b) as requested by the Company in accordance with any written agreement pursuant to which such consulting services are to be provided, the Grantee performs such consulting services, then the Grantee will not be deemed to have incurred a “Termination of Employment” for purposes of the Agreement until the end of the Consulting Period.

Section 1.8 of the Agreement is amended in its entirety to read as follows:

“Section 1.8 - “Termination of Employment” shall mean a termination of the Grantee’s employment with the Company, a Subsidiary or an Affiliate (regardless of the reason therefor). Notwithstanding the foregoing, no Termination of Employment shall be deemed to have occurred for purposes of this Agreement for so long as (a) the Grantee remains available to provide the consulting services described in that certain Contractor Agreement dated as of October 31, 2013 between the Grantee and the Peabody Energy Australia Coal Pty Limited (the “Consulting Agreement”), (b) the Grantee does not terminate the Consulting Agreement prior to December 31, 2014, and (c) the Grantee performs the services required by the Consulting Agreement in accordance with the terms thereof.”