EXECUTION COPY
EXHIBIT 10.2
AMENDED AND RESTATED
GUARANTEE AND COLLATERAL AGREEMENT
made by
PEABODY ENERGY CORPORATION,
and certain of its Subsidiaries
in favor of
FLEET NATIONAL BANK,
as Administrative Agent
Dated as of March 21, 2003
TABLE OF CONTENTS
Page
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Section 1. DEFINED TERMS................................................................................... 2
1.1 Definitions..................................................................................... 2
1.2 Other Definitional Provisions................................................................... 9
Section 2. GUARANTEE....................................................................................... 9
2.1 Guarantee....................................................................................... 9
2.2 Right of Contribution........................................................................... 10
2.3 No Subrogation.................................................................................. 10
2.4 Amendments, etc. with Respect to the Borrower Obligations....................................... 10
2.5 Guarantee Absolute and Unconditional............................................................ 11
2.6 Reinstatement................................................................................... 11
2.7 Payments........................................................................................ 12
Section 3. GRANT OF SECURITY INTEREST...................................................................... 12
Section 4. REPRESENTATIONS AND WARRANTIES.................................................................. 13
4.1 Representations in Credit Agreement............................................................. 13
4.2 Title; No Other Liens........................................................................... 13
4.3 Perfected First Priority Liens.................................................................. 14
4.4 Name; Jurisdiction of Organization, Etc......................................................... 14
4.5 Inventory and Equipment......................................................................... 14
4.6 Farm Products................................................................................... 14
4.7 Investment Property............................................................................. 14
4.8 Receivables..................................................................................... 15
4.9 Contracts....................................................................................... 15
4.10 Intellectual Property........................................................................... 16
4.11 Letter of Credit Rights......................................................................... 16
4.12 Commercial Tort Claims.......................................................................... 16
Section 5. COVENANTS....................................................................................... 16
5.1 Covenants in Credit Agreement................................................................... 16
5.2 Delivery and Control............................................................................ 16
5.3 Maintenance of Insurance........................................................................ 17
5.4 Payment of Obligations.......................................................................... 17
5.5 Maintenance of Perfected Security Interest; Further Documentation............................... 17
5.6 Jurisdiction of Organization, etc............................................................... 17
5.7 Notices......................................................................................... 18
5.8 Pledged Securities.............................................................................. 18
5.9 Receivables..................................................................................... 19
5.10 Contracts....................................................................................... 19
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Section 6. REMEDIAL PROVISIONS............................................................................. 20
6.1 Certain Matters Relating to Receivables......................................................... 20
6.2 Communications with Obligors; Grantors Remain Liable............................................ 21
6.3 Pledged Securities.............................................................................. 21
6.4 Proceeds to be Turned Over To Administrative Agent.............................................. 22
6.5 Application of Proceeds......................................................................... 23
6.6 Code and Other Remedies......................................................................... 23
6.7 Registration Rights............................................................................. 24
6.8 Deficiency...................................................................................... 25
Section 7. THE ADMINISTRATIVE AGENT........................................................................ 25
7.1 Administrative Agent's Appointment as Attorney-in-Fact, etc..................................... 25
7.2 Duty of Administrative Agent.................................................................... 27
7.3 Execution of Financing Statements............................................................... 27
7.4 Authority of Administrative Agent............................................................... 28
Section 8. MISCELLANEOUS................................................................................... 28
8.1 Amendments in Writing........................................................................... 28
8.2 Notices......................................................................................... 28
8.3 No Waiver by Course of Conduct; Cumulative Remedies............................................. 28
8.4 Enforcement Expenses; Indemnification........................................................... 28
8.5 Successors and Assigns.......................................................................... 29
8.6 Set-Off......................................................................................... 29
8.7 Counterparts.................................................................................... 29
8.8 Severability.................................................................................... 29
8.9 Section Headings................................................................................ 30
8.10 Integration..................................................................................... 30
8.11 GOVERNING LAW................................................................................... 30
8.12 Submission To Jurisdiction; Waivers............................................................. 30
8.13 Acknowledgements................................................................................ 31
8.14 WAIVER OF JURY TRIAL............................................................................ 31
8.15 Additional Grantors............................................................................. 31
8.16 Releases........................................................................................ 31
8.17 Conflict........................................................................................ 32
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Schedule 1 Notice Addresses of Peabody Entities
Schedule 2 Description of Pledged Investment Property
Schedule 3 Filings and Other Actions Required to Perfect Security Interests
Schedule 4 Location of Jurisdiction of Organization and Chief Executive Office
Schedule 5 Location of Inventory and Equipment
Schedule 6 Copyrights, Patents, Trademarks and Licenses
Schedule 7 Contracts
Schedule 8 Letter of Credit Rights
Exhibit A Form of Acknowledgement and Consent
Annex 1 Form of Assumption Agreement
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AMENDED AND RESTATED
GUARANTEE AND COLLATERAL AGREEMENT
AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT, dated
as of March 21, 2003, made by each of the signatories hereto other than Black
Beauty Coal Company (together with any other entity (including Black Beauty Coal
Company) that may become a Grantor as provided in Section 8.15, the "Grantors"),
Black Beauty Coal Company (solely as a Guarantor as of the date hereof) and each
entity that may become a Guarantor (as defined below) as provided in Section
8.15, in favor of Fleet National Bank, as administrative agent (in such
capacity, the "Administrative Agent") for (i) the banks and other financial
institutions (the "Lenders") from time to time parties to the Second Amended and
Restated Credit Agreement, dated as of the date hereof (as amended,
supplemented, restated or otherwise modified from time to time, the "Credit
Agreement"), among Peabody Energy Corporation, a Delaware corporation (the
"Borrower"), the Lenders, Wachovia Bank, National Association and Lehman
Commercial Paper Inc., each as syndication agent (in such capacity, the
"Syndication Agents"), Morgan Stanley Senior Funding, Inc. and U.S. Bank
National Association, each as documentation agent (in such capacity, the
"Documentation Agents"), Fleet Securities, Inc., Wachovia Securities, Inc. and
Lehman Brothers Inc., each as arranger (in such capacity, the "Arrangers",
together with the Documentation Agents, the Syndication Agents and the
Administrative Agent, the "Agents") and the Administrative Agent and (ii) the
other Secured Parties (as defined below).
W I T N E S S E T H:
WHEREAS, pursuant to the Credit Agreement, the Lenders have
severally agreed to make extensions of credit to the Borrower upon the terms and
subject to the conditions set forth therein;
WHEREAS, the Borrower is a member of an affiliated group of
companies that includes each other Peabody Entity (as defined below);
WHEREAS, the proceeds of the extensions of credit under the
Credit Agreement will be used in part to enable the Borrower to make valuable
transfers to one or more of the other Grantors and/or Guarantors in connection
with the operation of their respective businesses;
WHEREAS, the Peabody Entities are engaged in related
businesses, and each Guarantor will derive substantial direct and indirect
benefit from the making of the extensions of credit under the Credit Agreement;
WHEREAS, it is a condition precedent to (i) the obligation of
the Original Lenders to amend and restate the First Restated Credit Agreement
and (ii) the obligation of the Lenders to make their respective extensions of
credit to the Borrower under the Credit Agreement that the Grantors shall have
executed and delivered this Agreement to the Administrative Agent for the
ratable benefit of the Secured Parties; and
WHEREAS, this Agreement is made in amendment, restatement,
modification and continuation of, but not in extinguishment of, the obligations
of the Borrower and its Subsidiaries under the Guarantee and Collateral
Agreement dated as of May 14, 1998 (the "Original Guarantee and Collateral
Agreement") among the Borrower, certain of its Subsidiaries and the
Administrative Agent.
NOW, THEREFORE, in consideration of the premises and to induce
the Agents and the Original Lenders to amend and restate the First Restated
Credit Agreement, to induce the Lenders to enter into the Credit Agreement and
to induce the Lenders to make their respective extensions of credit to the
Borrower thereunder, each Peabody Entity hereby agrees with the Administrative
Agent, for the ratable benefit of the Secured Parties, as follows:
SECTION 1. DEFINED TERMS
1.1 Definitions. Unless otherwise defined herein, terms defined in
the Credit Agreement and used herein shall have the meanings given to them in
the Credit Agreement, and the following terms which are defined in the Uniform
Commercial Code in effect in the State of New York on the date hereof are used
herein as so defined: Accounts, Account Debtor, Certificated Security, Chattel
Paper, Commodity Account, Commodity Contract, Commodity Intermediary, Documents,
Electronic Chattel Paper, Entitlement Order, Equipment, Farm Products, Financial
Asset, Fixtures, Goods, Instruments, Inventory, Letter of Credit Rights, Money,
Payment Intangibles, Securities Account, Securities Intermediary, Security,
Security Entitlement, Supporting Obligations, Tangible Chattel Paper and
Uncertificated Security.
The following terms shall have the following meanings:
"Agreement": this Amended and Restated Guarantee and
Collateral Agreement, as the same may be amended, supplemented,
restated or otherwise modified from time to time.
"Borrower Obligations": the collective reference to the unpaid
principal of and interest on the Loans and L/C Obligations and all
other obligations and liabilities of the Borrower (including, without
limitation, (i) interest accruing at the then applicable rate provided
in the Credit Agreement after the maturity of the Loans and L/C
Obligations and interest accruing at the then applicable rate provided
in the Credit Agreement after the filing of any petition in bankruptcy,
or the commencement of any insolvency, reorganization or like
proceeding, relating to the Borrower, whether or not a claim for
post-filing or post-petition interest is allowed in such proceeding and
(ii) any exposure of any Lender under any lockbox arrangement,
controlled disbursement arrangement, checking accounts or other similar
arrangements (collectively, "Cash Management Agreements") with or on
behalf of the Borrower and/or its Subsidiaries) to the Agents or any
Lender (or, in the case of any Specified Hedge Agreement referred to
below, any Affiliate of any Lender), whether direct or indirect,
absolute or contingent, due or to become due, or now existing or
hereafter incurred, which may arise under, out of, or in connection
with, the Credit Agreement, this Agreement, the other Credit Documents,
any Letter of Credit or any Specified Hedge Agreement entered into by
the Borrower with any Lender (or any Affiliate of any Lender) or any
Cash Management Agreement entered
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into by the Borrower or any Subsidiary of the Borrower with any Lender
or any other document made, delivered or given in connection therewith,
in each case whether on account of principal, interest, reimbursement
obligations, fees, indemnities, costs, expenses or otherwise
(including, without limitation, all fees and disbursements of counsel
to the Administrative Agent and counsel to the other Agents or the
Lenders that are required to be paid by the Borrower pursuant to the
terms of any of the foregoing agreements).
"Collateral": as defined in Section 3.
"Collateral Account": (i) any collateral account established
by the Administrative Agent as provided in Section 6.1 or 6.4 or (ii)
any cash collateral account established as provided in Sections 2.6 or
8 of the Credit Agreement.
"Contracts": the contracts and agreements listed on Schedule 7
as the same may be amended, supplemented, replaced or otherwise
modified from time to time, including, without limitation, (i) all
rights of any Grantor to receive moneys due and to become due to it
thereunder or in connection therewith, (ii) all rights of any Grantor
to receive proceeds of any insurance, indemnity, warranty or guaranty
with respect thereto, (iii) all rights of any Grantor to damages
arising thereunder and (iv) all rights of any Grantor to terminate, and
to perform and compel performance of, such Contracts and to exercise
all remedies thereunder.
"Copyrights": (i) all copyrights arising under the laws of the
United States or any political subdivision thereof, whether registered
or unregistered and whether published or unpublished (including,
without limitation, those listed on Schedule 6), all registrations and
recordings thereof, and all applications in connection therewith,
including, without limitation, all registrations, recordings and
applications in the United States Copyright Office, and (ii) the right
to obtain all renewals thereof.
"Copyright Licenses": any written agreement naming any Grantor
as licensor or licensee granting any right under any Copyright,
including, without limitation, the grant of rights to manufacture,
distribute, exploit and sell materials derived from any Copyright.
"Deposit Account": all "deposit accounts" as defined in
Article 9 of the New York UCC, together with all funds held therein and
all certificates or instruments representing any of the foregoing.
"Excluded Foreign Subsidiary": any Foreign Subsidiary in
respect of which either (i) the pledge of all of the Capital Stock of
such Subsidiary as Collateral or (ii) the guaranteeing by such
Subsidiary of the Obligations, would, in the good faith judgment of the
Borrower, result in material adverse tax consequences to the Borrower;
provided, however, that a Foreign Subsidiary that is treated as a
pass-through entity for United States federal income tax purposes shall
not be an Excluded Foreign Subsidiary while so treated.
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"Excluded Foreign Subsidiary Voting Stock": the voting Capital
Stock of any Excluded Foreign Subsidiary.
"Foreign Subsidiary": any Subsidiary organized under the laws
of any jurisdiction outside the United States of America.
"General Intangibles": all "general intangibles" as such term
is defined in Section 9-102(a)(42) of the Uniform Commercial Code in
effect in the State of New York on the date hereof and, in any event,
including, without limitation, with respect to any Grantor, all rights
of such Grantor to receive any tax refunds, all Hedge Agreements and
all contracts, leases, agreements, instruments and indentures and all
licenses, permits, concessions, franchises and authorizations issued by
Governmental Authorities in any form, and portions thereof, to which
such Grantor is a party or under which such Grantor has any right,
title or interest or to which such Grantor or any property of such
Grantor is subject, as the same may from time to time be amended,
supplemented, replaced or otherwise modified, including, without
limitation, (i) all rights of such Grantor to receive moneys due and to
become due to it thereunder or in connection therewith, (ii) all rights
of such Grantor to receive proceeds of any insurance, indemnity,
warranty or guaranty with respect thereto, (iii) all rights of such
Grantor to damages arising thereunder, and (iv) all rights of such
Grantor to terminate and to perform, compel performance and to exercise
all remedies thereunder, in each case to the extent the grant by such
Grantor of a security interest pursuant to this Agreement in its right,
title and interest in such contract, agreement, instrument or indenture
is not prohibited by such contract, agreement, instrument or indenture
without the consent of any other party thereto, would not give any
other party to such contract, agreement, instrument or indenture the
right to "reopen" certain provisions thereof or to terminate its
obligations thereunder, or is permitted with consent if all necessary
consents to such grant of a security interest have been obtained from
the other parties thereto (it being understood that the foregoing shall
not be deemed to obligate the Borrower to obtain such consents);
provided that the foregoing limitation shall not apply to the extent
that the applicable provision of such contract, agreement, instrument
or indenture would be ineffective pursuant to Sections 9-406, 9-407 or
9-408 of the New York UCC.
"Grantor Obligations": with respect to any Grantor, the
collective reference to (i) the Borrower Obligations and (ii) all
obligations and liabilities of such Grantor which may arise under or in
connection with this Agreement or any other Credit Document to which
such Grantor is a party, in each case whether on account of guarantee
obligations, reimbursement obligations, fees, indemnities, costs,
expenses or otherwise (including, without limitation, all fees and
disbursements of counsel to the Administrative Agent and counsel to the
other Agents and the Lenders that are required to be paid by such
Grantor pursuant to the terms of this Agreement or any other Credit
Document).
"Guarantor": each Grantor (other than the Borrower), Black
Beauty Coal Company and each other entity that becomes a Guarantor
hereunder pursuant to Section 8.15.
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"Guarantor Obligations": with respect to any Guarantor, the
collective reference to (i) the Borrower Obligations and (ii) all
obligations and liabilities of such Guarantor which may arise under or
in connection with this Agreement or any other Credit Document to which
such Guarantor is a party, in each case whether on account of guarantee
obligations, reimbursement obligations, fees, indemnities, costs,
expenses or otherwise (including, without limitation, all fees and
disbursements of counsel to the Administrative Agent and counsel to
other Agents and the Lenders that are required to be paid by such
Guarantor pursuant to the terms of this Agreement or any other Credit
Document).
"Intellectual Property": the collective reference to all
rights, priorities and privileges relating to intellectual property
arising under United States laws, including, without limitation, the
Copyrights, the Copyright Licenses, the Patents, the Patent Licenses,
the Trademarks, the Trademark Licenses, the Trade Secrets and the Trade
Secret Licenses, and all rights to sue at law or in equity for any
infringement or other impairment thereof, including the right to
receive all proceeds and damages therefrom.
"Intercompany Note": any promissory note evidencing loans made
by any Grantor to the Borrower or any of its Subsidiaries.
"Investment Property": the collective reference to (i) all
"investment property" as such term is defined in Section 9-102(a)(49)
of the Uniform Commercial Code in effect in the State of New York on
the date hereof including, without limitation, all Certificated
Securities and Uncertificated Securities, all Security Entitlements,
all Securities Accounts, all Commodity Contracts and all Commodity
Accounts (other than any Excluded Foreign Subsidiary Voting Stock
excluded from the definition of "Pledged Stock"), (ii) security
entitlements, in the case of any United States Treasury book-entry
securities, as defined in 31 C.F.R. section 357.2, or, in the case of
any United States federal agency book-entry securities, as defined in
the corresponding United States federal regulations governing such
book-entry securities, and (iii) whether or not constituting
"investment property" as so defined, all Pledged Notes, all Pledged
Stock, all Pledged Security Entitlements and all Pledged Commodity
Contracts.
"Issuers": the collective reference to each issuer of a
Pledged Security (which shall include, without limitation, each
presently existing or hereinafter acquired or created Subsidiary of the
Borrower (other than any Excluded Foreign Subsidiary)).
"New York UCC": the Uniform Commercial Code as from time to
time in effect in the State of New York.
"Obligations": (i) in the case of the Borrower, the Borrower
Obligations, (ii) in the case of each Guarantor, its Guarantor
Obligations and (iii) in the case of each Grantor, its Grantor
Obligations.
"Patents": (i) all letters patent of the United States or any
political subdivision thereof, all reissues and extensions thereof and
all goodwill associated therewith, including, without limitation, any
of the foregoing referred to on Schedule 6, (ii) all
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applications for letters patent and design letters patent of the United
States and all divisions, continuations and continuations-in-part
thereof, including, without limitation, any of the foregoing referred
to on Schedule 6, and (iii) all rights to obtain any reissues or
extensions of the foregoing.
"Patent License": all agreements, whether written or oral,
providing for the grant by or to any Grantor of any right to
manufacture, use or sell any invention covered in whole or in part by a
Patent, including, without limitation, any of the foregoing referred to
on Schedule 6.
"Peabody Entity": the Borrower and each Guarantor.
"Pledged Alternative Equity Interests" shall mean all
interests of any Grantor in participation or other interests in any
equity or profits of any business entity and the certificates, if any,
representing such interests and all dividends, distributions, cash,
warrants, rights, options, instruments, securities and other property
or proceeds from time to time received, receivable or otherwise
distributed in respect of or in exchange for any or all of such
interests and any other warrant, right or option to acquire any of the
foregoing; provided, however, that Pledged Alternative Equity Interests
shall not include any Pledged Stock, Pledged Partnership Interests,
Pledged LLC Interests and Pledged Trust Interests.
"Pledged Commodity Contracts": all commodity contracts listed
on Schedule 2 and all other commodity contracts to which any Grantor is
party from time to time.
"Pledged Debt Securities": all debt securities now owned or
hereafter acquired by any Grantor, including, without limitation, the
debt securities listed on Schedule 2, together with any other
certificates, options, rights or security entitlements of any nature
whatsoever in respect of the debt securities of any Person that may be
issued or granted to, or held by, any Grantor while this Agreement is
in effect.
"Pledged Equity Interests" shall mean all Pledged Stock,
Pledged LLC Interests, Pledged Partnership Interests, Pledged Trust
Interests and Pledged Alternative Equity Interests.
"Pledged LLC Interests" shall mean all interests of any
Grantor now owned or hereafter acquired in any limited liability
company including, without limitation, all limited liability company
interests listed on Schedule 2 hereto under the heading "Pledged LLC
Interests" and the certificates, if any, representing such limited
liability company interests and any interest of such Grantor on the
books and records of such limited liability company and all dividends,
distributions, cash, warrants, rights, options, instruments, securities
and other property or proceeds from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all of
such limited liability company interests and any other warrant, right
or option to acquire any of the foregoing.
"Pledged Notes": all promissory notes listed on Schedule 2,
all Intercompany Notes at any time issued to any Grantor and all other
promissory notes issued to or held
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by any Grantor (other than promissory notes issued in connection with
extensions of trade credit by any Grantor in the ordinary course of
business).
"Pledged Partnership Interests" shall mean all interests of
any Grantor now owned or hereafter acquired in any general partnership,
limited partnership, limited liability partnership or other partnership
including, without limitation, all partnership interests listed on
Schedule 2 hereto under the heading "Pledged Partnership Interests" and
the certificates, if any, representing such partnership interests and
any interest of such Grantor on the books and records of such
partnership and all dividends, distributions, cash, warrants, rights,
options, instruments, securities and other property or proceeds from
time to time received, receivable or otherwise distributed in respect
of or in exchange for any or all of such partnership interests and any
other warrant, right or option to acquire any of the foregoing.
"Pledged Securities": the collective reference to the Pledged
Debt Securities, the Pledged Notes and the Pledged Equity Interests.
"Pledged Stock" shall mean all shares of capital stock now
owned or hereafter acquired by such Grantor, including, without
limitation, all shares of capital stock described on Schedule 2 hereto
under the heading "Pledged Stock", and the certificates, if any,
representing such shares and any interest of such Grantor in the
entries on the books of the issuer of such shares and all dividends,
distributions, cash, warrants, rights, options, instruments, securities
and other property or proceeds from time to time received, receivable
or otherwise distributed in respect of or in exchange for any or all of
such shares and any other warrant, right or option to acquire any of
the foregoing; provided, however, that in no event shall more than 65%
of the total outstanding Excluded Foreign Subsidiary Voting Stock of
any Excluded Foreign Subsidiary be required to be pledged hereunder.
"Pledged Security Entitlements": all security entitlements of
any Grantor.
"Pledged Trust Interests" shall mean all interests of any
Grantor now owned or hereafter acquired (other than the master limited
partnership interests in Perm Virginia Resource Partners, L.P. owned by
Peabody Natural Resources Company) in a Delaware business trust or
other trust including, without limitation, all trust interests listed
on Schedule 2 hereto under the heading "Pledged Trust Interests" and
the certificates, if any, representing such trust interests and any
interest of such Grantor on the books and records of such trust or on
the books and records of any securities intermediary pertaining to such
interest and all dividends, distributions, cash, warrants, rights,
options, instruments, securities and other property or proceeds from
time to time received, receivable or otherwise distributed in respect
of or in exchange for any or all of such trust interests and any other
warrant, right or option to acquire any of the foregoing.
"Proceeds": all "proceeds" as such term is defined in Section
9-102(a)(64) of the New York UCC in effect on the date hereof and, in
any event, shall include, without limitation, all dividends or other
income from the Pledged Securities, collections thereon or
distributions or payments with respect thereto.
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"Receivable": all Accounts and any other right to payment for
goods or other property sold, leased, licensed or otherwise disposed of
or for services rendered, whether or not such right is evidenced by an
Instrument or Chattel Paper or classified as a Payment Intangible and
whether or not it has been earned by performance; provided, however,
that the term "Receivable" shall not include any Account or other right
to payment on and after the time it is transferred pursuant to the
Existing Securitization or any other securitization transaction
permitted by the Credit Agreement. References herein to Receivables
shall include any Supporting Obligation or collateral securing such
Receivable.
"Secured Parties": collectively, the Agents, the Lenders and,
with respect to any Specified Hedge Agreement, any affiliate of any
Lender party thereto (or any Person that was a Lender or an affiliate
thereof when such Specified Hedge Agreement was entered into) that has
agreed to be bound by the provisions of Section 7.2 hereof as if it
were a party hereto and by the provisions of Section 9 of the Credit
Agreement as if it were a Lender party thereto.
"Securities Act": the Securities Act of 1933, as amended.
"Trademarks": (i) all trademarks, trade names, corporate
names, company names, business names, fictitious business names, trade
styles, service marks, logos and other source or business identifiers,
and all goodwill associated therewith, now existing or hereafter
adopted or acquired, all registrations and recordings thereof, and all
applications in connection therewith, whether in the United States
Patent and Trademark Office or in any similar office or agency of the
United States or any State thereof, or otherwise, and all common-law
rights related thereto, including, without limitation, any of the
foregoing referred to on Schedule 6, and (ii) the right to obtain all
renewals thereof.
"Trademark License": any agreement, whether written or oral,
providing for the grant by or to any Grantor of any right to use any
Trademark, including, without limitation, any of the foregoing referred
to on Schedule 6.
"Trade Secrets": (i) all trade secrets and all confidential
and proprietary information, including know-how, manufacturing and
production processes and techniques, inventions, research and
development information, technical data, financial, marketing and
business data, pricing and cost information, business and marketing
plans, and customer and supplier lists and information, including,
without limitation, any of the foregoing referred to in Schedule 6,
(ii) the right to sue or otherwise recover for any and all past,
present and future infringements and misappropriations thereof, (iii)
all income, royalties, damages and other payments now and hereafter due
and/or payable with respect thereto (including, without limitation,
payments arising out of the sale, lease, license, assignment or other
disposition thereof, and damages and payments for past, present or
future infringements thereof), and (iv) all other rights of any kind
whatsoever of any Grantor accruing thereunder or pertaining thereto.
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"Trade Secret License": any agreement, whether written or
oral, providing for the grant by or to any Grantor of any right to use
any Trade Secret, including, without limitation, any of the foregoing
referred to in Schedule 6.
1.2 Other Definitional Provisions, (a) The words "hereof,"
"herein", "hereto" and "hereunder" and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular
provision of this Agreement, and Section and Schedule references are to this
Agreement unless otherwise specified.
(b) The meanings given to terms defined herein shall be
equally applicable to both the singular and plural forms of such terms.
(c) Where the context requires, terms relating to the
Collateral or any part thereof, when used in relation to a Grantor, shall refer
to such Grantor's Collateral or the relevant part thereof.
SECTION 2. GUARANTEE
2.1 Guarantee. (a) Each of the Guarantors hereby, jointly and
severally, unconditionally and irrevocably, guarantees to the Administrative
Agent, for the ratable benefit of the Secured Parties and their respective
successors, indorsees, transferees and assigns, the prompt and complete payment
and performance by the Borrower when due (whether at the stated maturity, by
acceleration or otherwise) of the Borrower Obligations.
(b) Anything herein or in any other Credit Document to
the contrary notwithstanding, the maximum liability of each Guarantor hereunder
and under the other Credit Documents shall in no event exceed the amount which
can be guaranteed by such Guarantor under applicable federal and state laws
relating to the insolvency of debtors (after giving effect to the right of
contribution established in Section 2.2).
(c) Each Guarantor agrees that the Borrower Obligations
may at any time and from time to time exceed the amount of the liability of such
Guarantor hereunder without impairing the guarantee contained in this Section 2
or affecting the rights and remedies of the Secured Parties hereunder.
(d) The guarantee contained in this Section 2 shall
remain in full force and effect until all the Borrower Obligations and the
obligations of each Guarantor under the guarantee contained in this Section 2
shall have been satisfied by payment in full, no Letter of Credit shall be
outstanding and the Commitments shall be terminated, notwithstanding that from
time to time during the term of the Credit Agreement the Borrower may be free
from any Borrower Obligations.
(e) No indefeasible payment made by the Borrower, any of
the Guarantors, any other guarantor or any other Person or received or collected
by any Secured Party from the Borrower, any of the Guarantors, any other
guarantor or any other Person by virtue of any action or proceeding or any
set-off or appropriation or application at any time or from time to time in
reduction of or in payment of the Borrower Obligations shall be deemed to
release the liability of any Guarantor hereunder which shall, notwithstanding
any such payment (other than any
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payment made by such Guarantor in respect of the Borrower Obligations or any
payment received or collected from such Guarantor in respect of the Borrower
Obligations), remain liable for the Borrower Obligations up to the maximum
liability of such Guarantor hereunder until the Borrower Obligations are paid in
full, no Letter of Credit shall be outstanding and the Commitments are
terminated.
2.2 Right of Contribution. Each Guarantor hereby agrees that to
the extent that a Guarantor shall have paid more than its proportionate share of
any payment made hereunder, such Guarantor shall be entitled to seek and receive
contribution from and against any other Guarantor hereunder which has not paid
its proportionate share of such payment. Each Guarantor's right of contribution
shall be subject to the terms and conditions of Section 2.3. The provisions of
this Section 2.2 shall in no respect limit the obligations and liabilities of
any Guarantor to the Secured Parties, and each Guarantor shall remain jointly
and severally liable to the Secured Parties for the full amount guaranteed by
such Guarantor hereunder.
2.3 No Subrogation. Notwithstanding any payment made by any
Guarantor hereunder or any set-off or application of funds of any Guarantor by
any Secured Party, no Guarantor shall be entitled to be subrogated to any of the
rights of any Secured Party against the Borrower or any other Guarantor or any
collateral security or guarantee or right of offset held by any Secured Party
for the payment of the Borrower Obligations, nor shall any Guarantor seek or be
entitled to seek any contribution or reimbursement from the Borrower or any
other Guarantor in respect of payments made by such Guarantor hereunder, until
all amounts owing to the Secured Parties by the Borrower on account of the
Borrower Obligations are paid in full, no Letter of Credit shall be outstanding
and the Commitments are terminated. If any amount shall be paid to any Guarantor
on account of such subrogation rights at any time when all of the Borrower
Obligations shall not have been paid in full, such amount shall be held by such
Guarantor in trust for the Secured Parties, segregated from other funds of such
Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over
to the Administrative Agent in the exact form received by such Guarantor (duly
indorsed by such Guarantor to the Administrative Agent, if required), to be
applied against the Borrower Obligations, whether matured or unmatured, in such
order as the Administrative Agent may determine.
2.4 Amendments, etc. with Respect to the Borrower Obligations.
Each Guarantor shall remain obligated hereunder notwithstanding that, without
any reservation of rights against any Guarantor and without notice to or further
assent by any Guarantor, any demand for payment of any of the Borrower
Obligations made by any Secured Party may be rescinded by such Secured Party and
any of the Borrower Obligations continued, and the Borrower Obligations, or the
liability of any other Person upon or for any part thereof, or any collateral
security or guarantee therefor or right of offset with respect thereto, may,
from time to time, in whole or in part, be renewed, extended, amended, modified,
accelerated, compromised, waived, surrendered or released by any Secured Party,
and the Credit Agreement and the other Credit Documents and any other documents
executed and delivered in connection therewith may be amended, modified,
supplemented or terminated, in whole or in part, as the Administrative Agent (or
the Required Lenders or all Lenders, as the case may be) may deem advisable from
time to time, and any collateral security, guarantee or right of offset at any
time held by any Secured Party for the payment of the Borrower Obligations may
be sold, exchanged, waived, surrendered or released. No Secured Party shall have
any obligation to protect, secure, perfect or insure any Lien at any
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time held by it as security for the Borrower Obligations or for the guarantee
contained in this Section 2 or any property subject thereto.
2.5 Guarantee Absolute and Unconditional. Each Guarantor waives
any and all notice of the creation, renewal, extension or accrual of any of the
Borrower Obligations and notice of or proof of reliance by any Secured Party
upon the guarantee contained in this Section 2 or acceptance of the guarantee
contained in this Section 2; the Borrower Obligations, and any of them, shall
conclusively be deemed to have been created, contracted or incurred, or renewed,
extended, amended or waived, in reliance upon the guarantee contained in this
Section 2; and all dealings between the Borrower and any of the Guarantors, on
the one hand, and the Secured Parties, on the other hand, likewise shall be
conclusively presumed to have been had or consummated in reliance upon the
guarantee contained in this Section 2. Each Guarantor waives diligence,
presentment, protest, demand for payment and notice of default or nonpayment to
or upon the Borrower or any of the Guarantors with respect to the Borrower
Obligations. Each Guarantor understands and agrees that the guarantee contained
in this Section 2 shall be construed as a continuing, absolute and unconditional
guarantee of payment and performance without regard to (a) the validity or
enforceability of the Credit Agreement or any other Credit Document, any of the
Borrower Obligations or any other collateral security therefor or guarantee or
right of offset with respect thereto at any time or from time to time held by
any Secured Party, (b) any defense, set-off or counterclaim (other than a
defense of payment or performance) which may at any time be available to or be
asserted by the Borrower or any other Person against any Secured Party, or (c)
any other circumstance whatsoever (with or without notice to or knowledge of the
Borrower or such Guarantor) which constitutes, or might be construed to
constitute, an equitable or legal discharge of the Borrower for the Borrower
Obligations, or of such Guarantor under the guarantee contained in this Section
2, in bankruptcy or in any other instance. When making any demand hereunder or
otherwise pursuing its rights and remedies hereunder against any Guarantor, any
Secured Party may, but shall be under no obligation to, make a similar demand on
or otherwise pursue such rights and remedies as it may have against the
Borrower, any other Guarantor or any other Person or against any collateral
security or guarantee for the Borrower Obligations or any right of offset with
respect thereto, and any failure by the Administrative Agent or any other
Secured Party to make any such demand, to pursue such other rights or remedies
or to collect any payments from the Borrower, any other Guarantor or any other
Person or to realize upon any such collateral security or guarantee or to
exercise any such right of offset, or any release of the Borrower, any other
Guarantor or any other Person or any such collateral security, guarantee or
right of offset, shall not relieve any Guarantor of any obligation or liability
hereunder, and shall not impair or affect the rights and remedies, whether
express, implied or available as a matter of law, of the Secured Parties against
any Guarantor. For the purposes hereof "demand" shall include the commencement
and continuance of any legal proceedings.
2.6 Reinstatement. The guarantee contained in this Section 2 shall
continue to be effective, or be reinstated, as the case may be, if at any time
payment, or any part thereof, of any of the Borrower Obligations is rescinded or
must otherwise be restored or returned by any Secured Party upon the insolvency,
bankruptcy, dissolution, liquidation or reorganization of the Borrower or any
Guarantor, or upon or as a result of the appointment of a receiver, intervenor
or conservator of, or trustee or similar officer for, the Borrower or any
Guarantor or any substantial part of its property, or otherwise, all as though
such payments had not been made.
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2.7 Payments. Each Guarantor hereby guarantees that payments
hereunder will be paid to the Administrative Agent without set-off or
counterclaim in Dollars in immediately available funds at the office of the
Administrative Agent located at 100 Federal Street, Boston, Massachusetts 02110,
or such other office as may be notified to the Guarantors by the Administrative
Agent from time to time.
SECTION 3. GRANT OF SECURITY INTEREST
Each Grantor hereby assigns and transfers to the
Administrative Agent, and hereby grants to the Administrative Agent, for the
ratable benefit of the Secured Parties, a security interest in all of the
personal property of such Grantor, including, without limitation, the following
property, in each case, wherever located and now owned or at any time hereafter
acquired by such Grantor or in which such Grantor now has or at any time in the
future may acquire any right, title or interest (collectively, the
"Collateral"), as collateral security for the prompt and complete payment and
performance when due (whether at the stated maturity, by acceleration or
otherwise) of such Grantor's Obligations:
(i) all Accounts;
(ii) all Chattel Paper;
(iii) all Contracts;
(iv) all Deposit Accounts;
(v) all Documents;
(vi) all Equipment;
(vii) all Fixtures;
(viii) all General Intangibles;
(ix) all Instruments;
(x) all Intellectual Property;
(xi) all Inventory (including, without limitation, coal);
(xii) all Investment Property;
(xiii) all Letter of Credit Rights;
(xiv) all Receivables;
(xv) all Goods not otherwise described above;
(xvi) any Collateral Account;
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(xvii) all books, records, ledger cards, files,
correspondence, customer lists, blueprints, technical specifications,
manuals, computer software, computer printouts, tapes, disks and other
electronic storage media and related data processing software and
similar items that at any time evidence or contain information relating
to any of the Collateral or are otherwise necessary or helpful in the
collection thereof or realization thereupon; and
(xviii) to the extent not otherwise included, all other
property of the Grantor and all Proceeds and products, accessions,
rents and profits of any and all of the foregoing and all collateral
security, Supporting Obligations and guarantees given by any Person
with respect to any of the foregoing.
Notwithstanding the foregoing, this Agreement shall not constitute an assignment
of or grant of a security interest in any Contract, Pledged Security, General
Intangible, Copyright License, Patent License, Trademark License or Trade Secret
License, or the instruments giving or governing the same, to the extent that,
and only so long as, such Contract, Pledged Security, General Intangible,
Copyright License, Patent License, Trademark License or Trade Secret License, or
the instruments or agreements giving or governing the same, would prohibit such
assignment or grant of a security interest or would, upon such assignment,
grant, attempted assignment or attempted grant, give any other party to such
Contract, Pledged Security, General Intangible, Copyright License, Patent
License, Trademark License or Trade Secret License, or the instruments or
agreements giving the same, the right to "reopen" any provision thereof or
terminate its obligations thereunder (unless, in either case, all necessary
consents to such assignment or grant have been obtained from the other parties
thereto); provided that the foregoing limitation shall not apply to the extent
that the applicable provision of such Contract, Pledged Security, General
Intangible, Copyright License, Patent License or Trademark License, instrument
or agreement would be ineffective pursuant to Sections 9-406, 9-407 or 9-408 of
the New York UCC.
SECTION 4. REPRESENTATIONS AND WARRANTIES
To induce the Administrative Agent and the Lenders to enter
into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the Borrower thereunder, each Grantor (and with respect
to Section 4.1, each Guarantor) hereby represents and warrants to each Secured
Party that:
4.1 Representations in Credit Agreement. The representations and
warranties set forth in Section 4 of the Credit Agreement as they relate to such
Guarantor or to the other Credit Documents to which such Guarantor is a party,
each of which is hereby incorporated herein by reference, are true and correct,
and the Secured Parties shall be entitled to rely on each of them as if they
were fully set forth herein, provided that each reference in each such
representation and warranty to the Borrower's knowledge shall, for the purposes
of this Section 4.1, be deemed to be a reference to such Guarantor's knowledge.
4.2 Title; No Other Liens. Except for the security interest
granted to the Administrative Agent for the ratable benefit of the Secured
Parties pursuant to this Agreement and the other Liens permitted to exist on the
Collateral by the Credit Agreement, each Grantor
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owns each item of the Collateral free and clear of any and all Liens or claims
of others. No financing statement or other public notice with respect to all or
any part of the Collateral is on file or of record in any public office, except
such as have been filed in favor of the Administrative Agent, for the ratable
benefit of the Secured Parties, pursuant to this Agreement or as are permitted
by the Credit Agreement.
4.3 Perfected First Priority Liens. The security interests granted
pursuant to this Agreement upon completion of the filings and other actions
specified on Schedule 3 (which, in the case of all filings and other documents
referred to on said Schedule, have been delivered to the Administrative Agent in
completed and duly executed form) will constitute valid perfected security
interests in all of the Collateral in which a security interest may be perfected
by filing or the taking of such actions set forth on Schedule 3 in favor of the
Administrative Agent, for the ratable benefit of the Secured Parties, as
collateral security for such Grantor's Obligations, enforceable in accordance
with the terms hereof against all creditors of such Grantor and any Persons
purporting to purchase any Collateral from such Grantor and are prior to all
other Liens on the Collateral in existence on the date hereof except for
unrecorded Liens and other Liens permitted by the Credit Agreement which have
priority over the Liens on the Collateral by operation of law and Liens set
forth on Schedule 7.3(f) to the Credit Agreement.
4.4 Name: Jurisdiction of Organization, Etc.. On the date hereof,
such Grantor's exact legal name (as indicated on the public record of such
Grantor's jurisdiction of formation or organization), jurisdiction of
organization, organizational identification number, if any, and the location of
such Grantor's chief executive office or sole place of business are specified on
Schedule 4. Each Grantor is organized solely under the law of the jurisdiction
so specified and has not filed any certificates of domestication, transfer or
continuance in any other jurisdiction. Except as otherwise indicated on Schedule
4, the jurisdiction of each such Grantor's organization or formation is required
to maintain a public record showing the Grantor to have been organized or
formed. Except as specified on Schedule 4, no Grantor has changed its name,
jurisdiction of organization, chief executive office or sole place of business
or its corporate structure in any way (e.g. by merger, consolidation, change in
corporate form or otherwise) within the past five (5) years.
4.5 Inventory and Equipment. On the date such Grantor became a
party to this Agreement, the Inventory and the Equipment of such Grantor (other
than mobile goods) are kept at the locations listed on Schedule 5.
4.6 Farm Products. None of the Collateral constitutes, or is the
Proceeds of, Farm Products.
4.7 Investment Property. (a) As of the date hereof, Schedule 2
hereto sets forth under the headings "Pledged Stock," "Pledged LLC Interests,"
"Pledged Partnership Interests" and "Pledged Trust Interests," respectively, all
of the Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and
Pledged Trust Interests owned by any Grantor and such Pledged Equity Interests
constitute the percentage of issued and outstanding shares of stock, percentage
of membership interests, percentage of partnership interests or percentage of
beneficial interest of the respective issuers thereof indicated on such
Schedule. As of the date hereof, Schedule 2 hereto sets forth under the heading
"Pledged Debt Securities" or "Pledged
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Notes" all of the Pledged Debt Securities and Pledged Notes owned by any Grantor
and each of such Pledged Notes issued by the Borrower or a Subsidiary of the
Borrower has been duly authorized, authenticated or issued, and delivered and is
the legal, valid and binding obligation of the issuer thereof enforceable in
accordance with its terms and is not in default and constitutes all of the
issued and outstanding inter-company indebtedness evidenced by an instrument or
certificated security of the respective issuers thereof owing to such Grantor.
Schedule 2 hereto sets forth under the headings "Securities Accounts,"
"Commodities Accounts," and "Deposit Accounts" respectively, all of the
Securities Accounts, Commodities Accounts and Deposit Accounts in which each
Grantor has an interest. Each Grantor is the sole entitlement holder or customer
of each such account, and such Grantor has not consented to, and is not
otherwise aware of, any Person (other than the Administrative Agent pursuant
hereto) having "control" (within the meanings of Sections 8-106, 9-106 and 9-104
of the New York UCC) over, or any other interest in, any such Securities
Account, Commodity Account or Deposit Account or any securities, commodities or
other property credited thereto.
(b) The shares of Pledged Stock pledged by such Grantor
hereunder constitute all of the issued and outstanding shares of all classes of
the Capital Stock of each Issuer owned by such Grantor or, in the case of
Excluded Foreign Subsidiary Voting Stock, if less, 65% of the outstanding
Excluded Foreign Subsidiary Voting Stock of each relevant Issuer.
(c) All the shares of the Pledged Equity Interests have
been duly and validly issued and are fully paid and nonassessable.
(d) Such Grantor is the record and beneficial owner of,
and has good and marketable title to, the Investment Property and Deposit
Accounts pledged by it hereunder, free of any and all Liens or options in favor
of, or claims of, any other Person, except Permitted Liens and there are no
outstanding warrants, options or other rights to purchase, or shareholder,
voting trust or similar agreements outstanding with respect to, or property that
is convertible into, or that requires the issuance or sale of, any Pledged
Equity Interests.
4.8 Receivables.
Except for (i) the Tennessee Valley Authority, (ii) federal
tax refunds and (iii) Receivables which are not in the aggregate material to the
Borrower and its Restricted Subsidiaries taken as a whole, none of the obligors
on any Receivables is a Governmental Authority.
4.9 Contracts. (a) Each Contract (and each other contract,
agreement, instrument and indenture included in the Collateral (the "Additional
Contracts")) is in full force and effect and constitutes a valid and legally
enforceable obligation of the parties thereto, subject to the effects of
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditors' rights generally, general
equitable principles (whether considered in a proceeding in equity or at law)
and an implied covenant of good faith and fair dealing.
(b) No consent or authorization of, filing with or other
act by or in respect of any Governmental Authority is required in connection
with the execution, delivery, performance,
15
validity or enforceability of any of the Contracts or Additional Contracts by
any party thereto other than those which have been duly obtained, made or
performed, are in full force and effect and do not subject the scope of any such
Contract to any material adverse limitation, either specific or general in
nature.
(c) Neither such Grantor nor (to the best of such
Grantor's knowledge) any of the other parties to the Contracts or Additional
Contracts is in default in the performance or observance of any of the terms
thereof in any manner that, in the aggregate, could reasonably be expected to
have a Material Adverse Effect.
(d) The right, title and interest of such Grantor in, to
and under the Contracts and the Additional Contracts are not subject to any
defenses, offsets, counterclaims or claims that, in the aggregate, could
reasonably be expected to have a Material Adverse Effect.
(e) Such Grantor has delivered to the Administrative
Agent a complete and correct copy of each Contract and Additional Contract,
including all amendments, supplements and other modifications thereto.
4.10 Intellectual Property. Neither the Borrower nor any Grantor
owns any Intellectual Property which is, in the aggregate, material to the
Borrower and its Restricted Subsidiaries, taken as a whole.
4.11 Letter of Credit Rights. As of the date hereof, to the
knowledge of the Borrower, other than letters of credit that constitute
Supporting Obligations, no Grantor is a beneficiary or assignee under any letter
of credit other than the letters of credit described on Schedule 8 hereto.
4.12 Commercial Tort Claims. As of the date hereof, no Grantor has
any commercial tort claims in an amount reasonably estimated to exceed
$10,000,000.
SECTION 5. COVENANTS
Each Grantor (and with respect to Sections 5.1 and 5.3, each
Guarantor) covenants and agrees with the Secured Parties that, from and after
the date of this Agreement until the Obligations shall have been paid in full,
no Letter of Credit shall be outstanding and the Commitments shall have
terminated:
5.1 Covenants in Credit Agreement. Such Guarantor shall take, or
shall refrain from taking, as the case may be, each action that is necessary to
be taken or not taken, as the case may be, so that no Default or Event of
Default is caused by the failure to take such action or to refrain from taking
such action by such Guarantor or any of its Subsidiaries.
5.2 Delivery and Control.
(a) If any of the Collateral is or shall become evidenced
or represented by any Instrument, Certificated Security, Negotiable Document or
Tangible Chattel Paper evidencing an amount in excess of $5,000,000, such
Instrument (other than checks received in the ordinary course of business),
Certificated Security, Negotiable Documents or Tangible Chattel Paper shall
16
be immediately delivered to the Administrative Agent, duly endorsed in a manner
satisfactory to the Administrative Agent, to be held as Collateral pursuant to
this Agreement.
(b) If any of the Collateral is or shall become evidenced
or represented by an Uncertificated Security, such Grantor shall cause the
Issuer thereof either (i) to register the Administrative Agent as the registered
owner of such Uncertificated Security, upon original issue or registration of
transfer or (ii) to agree in writing with such Grantor and the Administrative
Agent that such Issuer will comply with instructions with respect to such
Uncertificated Security originated by the Administrative Agent without further
consent of such Grantor, such agreement to be in form and substance reasonably
satisfactory to the Administrative Agent.
5.3 Maintenance of Insurance. Such Guarantor will maintain
insurance in accordance with subsection 6.5 of the Credit Agreement.
5.4 Payment of Obligations. Such Grantor will pay and discharge or
otherwise satisfy at or before maturity or before they become delinquent, as the
case may be, all material taxes, assessments and governmental charges or levies
imposed upon the Collateral or in respect of income or profits therefrom, as
well as all claims of any kind (including, without limitation, claims for labor,
materials and supplies) against or with respect to the Collateral, except that
no such charge need be paid if the amount or validity thereof is currently being
contested in good faith by appropriate proceedings, reserves in conformity with
GAAP with respect thereto have been provided on the books of such Grantor and
such proceedings could not reasonably be expected to result in the sale,
forfeiture or loss of any material portion of the Collateral or any interest
therein.
5.5 Maintenance of Perfected Security Interest: Further
Documentation. (a) Such Grantor shall maintain the security interest created by
this Agreement as a perfected security interest having at least the priority
described in Section 4.3 and shall defend such security interest against the
claims and demands of all Persons whomsoever.
(b) Such Grantor will furnish to the Administrative Agent
and the Secured Parties from time to time statements and schedules further
identifying and describing the Collateral and such other reports in connection
with the Collateral as the Administrative Agent may reasonably request, all in
reasonable detail.
(c) At any time and from time to time, upon the written
request of the Administrative Agent, and at the sole expense of such Grantor,
such Grantor will promptly and duly authorize, execute and deliver, and have
recorded, such further instruments and documents and take such further actions
as the Administrative Agent may reasonably request for the purpose of obtaining
or preserving the full benefits of this Agreement and of the rights and powers
herein granted, including, without limitation, the filing of any financing or
continuation statements under the Uniform Commercial Code (or other similar
laws) in effect in any jurisdiction with respect to the security interests
created hereby.
5.6 Jurisdiction of Organization, etc. Such Grantor will not,
except upon 30 days' prior written notice to the Administrative Agent and
delivery to the Administrative Agent of duly
17
authorized and, where required, executed copies of all additional financing
statements and other documents reasonably requested by the Administrative Agent
to maintain the validity, perfection and priority of the security interests
provided for herein, change its legal name, identity or structure to such an
extent that any financing statement filed by the Administrative Agent in
connection with this Agreement would become misleading.
5.7 Notices. Such Grantor will advise the Administrative Agent and
the Lenders promptly, in reasonable detail, of:
(a) any Lien (other than security interests created
hereby or Liens permitted under the Credit Agreement) on any of the
Collateral which would adversely affect the ability of the
Administrative Agent to realize on the Collateral or otherwise exercise
any of its remedies hereunder; and
(b) the occurrence of any other event which could
reasonably be expected to have a material adverse effect on the
aggregate value of the Collateral or on the security interests created
hereby.
5.8 Pledged Securities. (a) If such Grantor shall become entitled
to receive or shall receive any stock or other ownership certificate (including,
without limitation, any certificate representing a stock dividend or a
distribution in connection with any reclassification, increase or reduction of
capital or any certificate issued in connection with any reorganization), option
or rights in respect of the Capital Stock or other Pledged Equity Interest of
any Issuer (subject to the provisions of subsection 6.10(b) of the Credit
Agreement), whether in addition to, in substitution of, as a conversion of, or
in exchange for, any of the Pledged Equity Interest, or otherwise in respect
thereof, such Grantor shall accept the same as the agent of the Secured Parties,
hold the same in trust for the Secured Parties and deliver the same forthwith to
the Administrative Agent in the exact form received, duly indorsed by such
Grantor to the Administrative Agent, if required, together with an undated stock
power covering such certificate duly executed in blank by such Grantor and with,
if the Administrative Agent so requests, signature guaranteed, to be held by the
Administrative Agent, subject to the terms hereof, as additional collateral
security for the Obligations. Any sums paid upon or in respect of the Pledged
Securities upon the liquidation or dissolution of any Issuer shall be paid over
to the Administrative Agent to be held by it hereunder as additional collateral
security for the Obligations, and in case any distribution of capital shall be
made on or in respect of the Pledged Securities or any property shall be
distributed upon or with respect to the Pledged Securities pursuant to the
recapitalization or reclassification of the capital of any Issuer or pursuant to
the reorganization thereof, the property so distributed shall, unless otherwise
subject to a perfected security interest in favor of the Administrative Agent,
be delivered to the Administrative Agent to be held by it hereunder as
additional collateral security for the Obligations. Except as provided in the
Credit Agreement, if any sums of money or property so paid or distributed in
respect of the Pledged Securities shall be received by such Grantor, such
Grantor shall, until such money or property is paid or delivered to the
Administrative Agent, hold such money or property in trust for the Secured
Parties, segregated from other funds of such Grantor, as additional collateral
security for the Obligations.
(b) Except as provided in the Credit Agreement, without
the prior written consent of the Administrative Agent, such Grantor will not (i)
vote to enable, or take any other
18
action to permit, any Issuer to issue any stock or other equity securities of
any nature or to issue any other securities convertible into or granting the
right to purchase or exchange for any stock or other equity securities of any
nature of any Issuer, (ii) sell, assign, transfer, exchange, or otherwise
dispose of, or grant any option with respect to, any of the Investment Property
or Proceeds thereof or any interest therein (except, in each case, pursuant to a
transaction expressly permitted by the Credit Agreement), (iii) create, incur or
permit to exist any Lien or option in favor of, or any claim of any Person with
respect to, any of the Investment Property or Proceeds thereof, or any interest
therein, except for the security interests created by this Agreement or
non-consensual Liens permitted under subsection 7.3 of the Credit Agreement,
(iv) enter into any agreement or undertaking restricting the right or ability of
such Grantor or the Administrative Agent to sell, assign or transfer any of the
Investment Property or Proceeds thereof or any interest therein or (v) without
the prior written consent of the Administrative Agent, cause or permit any
Issuer of any Pledged Partnership Interests or Pledged LLC Interests which are
not securities (for purposes of the New York UCC) on the date hereof to elect or
otherwise take any action to cause such Pledged Partnership Interests or Pledged
LLC Interests to be treated as securities for purposes of the New York UCC;
provided, however, that notwithstanding the foregoing, if any issuer of any
Pledged Partnership Interests or Pledged LLC Interests takes any such action in
violation of the foregoing in this clause (v), such Grantor shall promptly
notify the Administrative Agent in writing of any such election or action and,
in such event, shall take all steps necessary or advisable to establish the
Administrative Agent's "control" thereof.
(c) In the case of each Grantor which is an Issuer, such
Issuer agrees that (i) it will be bound by the terms of this Agreement relating
to the Pledged Securities issued by it and will comply with such terms insofar
as such terms are applicable to it, (ii) it will notify the Administrative Agent
promptly in writing of the occurrence of any of the events described in Section
5.8(a) with respect to the Pledged Securities issued by it and (iii) the terms
of Sections 6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to
all actions that may be required of it pursuant to Section 6.3(c) or 6.7 with
respect to the Pledged Securities issued by it. In addition, each Grantor which
is either an Issuer or an owner of any Pledged Security hereby consents to the
grant by each other Grantor of the security interest hereunder in favor of the
Administrative Agent and to the transfer of any Pledged Security to the
Administrative Agent or its nominee following an Event of Default and to the
substitution of the Administrative Agent or its nominee as a partner, member or
shareholder of the Issuer of the related Pledged Security.
5.9 Receivables. (a) Other than in the ordinary course of business
consistent with its past practices, such Grantor shall not (i) grant any
extension of the time of payment of any Receivable, (ii) compromise or settle
any Receivable for less than the full amount thereof, (iii) release, wholly or
partially, any Person liable for the payment of any Receivable, (iv) allow any
credit or discount whatsoever on any Receivable or (v) amend, supplement or
modify any Receivable in any manner that could adversely affect the value
thereof.
(b) Such Grantor will deliver to the Administrative Agent
a copy of each material demand, notice or document received by it that questions
or calls into doubt the validity or enforceability of more than 5% of the
aggregate amount of the then outstanding Receivables.
5.10 Contracts. In the case of each Grantor:
19
(a) Such Grantor will maintain its Coal Supply Agreements
in compliance with the requirements of subsection 6.16 of the Credit Agreement.
With respect to Contracts or Additional Contracts that are not Coal Supply
Agreements, such Grantor will perform and comply in all material respects with
all its obligations under such Contracts and Additional Contracts.
(b) With respect to Contracts or Additional Contracts
that are not Coal Supply Agreements, such Grantor will not amend, modify,
terminate or waive any provision of any such material Contract or Additional
Contract in any manner which could reasonably be expected to materially
adversely affect the value of such material Contract or Additional Contract as
Collateral.
(c) With respect to Contracts or Additional Contracts
that are not Coal Supply Agreements, such Grantor will exercise promptly and
diligently each and every material right which it may have under each such
Contract or Additional Contract (other than any right of termination).
(d) Such Grantor will deliver to the Administrative Agent
a copy of each material demand, notice or document received by it relating in
any way to any Contract or Additional Contract that questions the validity or
enforceability of such Contract or Additional Contract. Such Grantor will notify
the Administrative Agent immediately upon learning of any default by any party
(including, without limitation, the Grantor) under any Contract or Additional
Contract.
SECTION 6. REMEDIAL PROVISIONS
6.1 Certain Matters Relating to Receivables. (a) Following the
occurrence and during the continuance of an Event of Default, the Administrative
Agent shall have the right to make test verifications of the Receivables in any
manner and through any medium that it reasonably considers advisable, and each
Grantor shall furnish all such assistance and information as the Administrative
Agent may require in connection with such test verifications. At any time and
from time to time following the occurrence and during the continuance of an
Event of Default, upon the Administrative Agent's reasonable request and at the
expense of the relevant Grantor, such Grantor shall cause independent public
accountants or others reasonably satisfactory to the Administrative Agent to
furnish to the Administrative Agent reports showing reconciliations, aging and
test verifications of, and trial balances for, the Receivables.
(b) The Administrative Agent hereby authorizes each
Grantor to collect such Grantor's Receivables, subject to the Administrative
Agent's direction and control, and each Grantor hereby agrees to continue to
collect all amounts due or to become due to such Grantor under the Receivables
and any Supporting Obligation and diligently exercise each material right it may
have under any Receivable and any Supporting Obligation, in each case, at its
own expense; provided, however, that the Administrative Agent may curtail or
terminate said authority at any time after the occurrence and during the
continuance of an Event of Default. If required by the Administrative Agent at
any time after the occurrence and during the continuance of an Event of Default,
any payments of Receivables, when collected by any Grantor, (i) shall be
forthwith (and, in any event, within two Business Days) deposited by such
Grantor in the exact
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form received, duly indorsed by such Grantor to the Administrative Agent if
required, in a Collateral Account maintained under the sole dominion and control
of the Administrative Agent, subject to withdrawal by the Administrative Agent
for the account of the Secured Parties only as provided in Section 6.5, and (ii)
until so turned over, shall be held by such Grantor in trust for the Secured
Parties, segregated from other funds of such Grantor. Each such deposit of
Proceeds of Receivables shall be accompanied by a report identifying in
reasonable detail the nature and source of the payments included in the deposit.
(c) At the Administrative Agent's reasonable request at
any time after the occurrence and during the continuance of an Event of Default,
each Grantor shall deliver to the Administrative Agent all original and other
documents evidencing, and relating to, the agreements and transactions which
gave rise to the Receivables, including, without limitation, all original
orders, invoices and shipping receipts.
6.2 Communications with Obligors; Grantors Remain Liable. (a) The
Administrative Agent in its own name or in the name of others may at any time
after the occurrence and during the continuance of an Event of Default and after
giving notice to the relevant Grantor, communicate with obligors under the
Receivables and parties to the Contracts and Additional Contracts to verify with
them to the Administrative Agent's satisfaction the existence, amount and terms
of any Receivables or Contracts.
(b) Upon the request of the Administrative Agent at any
time after the occurrence and during the continuance of an Event of Default,
each Grantor shall notify obligors on the Receivables and parties to the
Contracts and Additional Contracts that the Receivables and the Contracts and
Additional Contracts have been assigned to the Administrative Agent for the
ratable benefit of the Lenders and that payments in respect thereof shall be
made directly to the Administrative Agent.
(c) Anything herein to the contrary notwithstanding, each
Grantor shall remain liable under each of the Receivables, Contracts and
Additional Contracts to observe and perform all the conditions and obligations
to be observed and performed by it thereunder, all in accordance with the terms
of any agreement giving rise thereto. Neither the Administrative Agent nor any
Secured Party shall have any obligation or liability under any Receivable (or
any agreement giving rise thereto), Contract or Additional Contract by reason of
or arising out of this Agreement or the receipt by the Administrative Agent or
any Secured Party of any payment relating thereto, nor shall the Administrative
Agent or any Secured Party be obligated in any manner to perform any of the
obligations of any Grantor under or pursuant to any Receivable (or any agreement
giving rise thereto), Contract or Additional Contract to make any payment, to
make any inquiry as to the nature or the sufficiency of any payment received by
it or as to the sufficiency of any performance by any party thereunder, to
present or file any claim, to take any action to enforce any performance or to
collect the payment of any amounts which may have been assigned to it or to
which it may be entitled at any time or times.
6.3 Pledged Securities. (a) Unless an Event of Default shall have
occurred and be continuing and the Administrative Agent shall have given notice
to the relevant Grantor of the Administrative Agent's intent to exercise its
corresponding rights pursuant to Section 6.3(b), each Grantor shall be permitted
to receive all cash dividends paid in respect of the Pledged
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Equity Interests and all payments made in respect of the Pledged Notes, in each
case paid in the normal course of business of the relevant Issuer and consistent
with past practice, to the extent permitted in the Credit Agreement, and to
exercise all voting and corporate rights with respect to the Pledged Securities;
provided, however, that no vote shall be cast or corporate or other ownership
right exercised or other action taken which, in the Administrative Agent's
reasonable judgment, would materially impair the Collateral or which would
result in any violation of any provision of the Credit Agreement, this Agreement
or any other Credit Document.
(b) If an Event of Default shall occur and be continuing
and the Administrative Agent shall give notice of its intent to exercise such
rights to the relevant Grantor or Grantors, (i) the Administrative Agent shall
have the right to receive any and all cash dividends, payments or other Proceeds
paid in respect of the Pledged Securities and make application thereof to the
Obligations in such order as the Administrative Agent may determine, and (ii)
any or all of the Pledged Securities may be registered in the name of the
Administrative Agent or its nominee, and the Administrative Agent or its nominee
may thereafter exercise (x) all voting, corporate and other rights pertaining to
such Pledged Securities at any meeting of shareholders of the relevant Issuer or
Issuers or otherwise and (y) any and all rights of conversion, exchange and
subscription and any other rights, privileges or options pertaining to such
Pledged Securities as if it were the absolute owner thereof (including, without
limitation, the right to exchange at its discretion any and all of the Pledged
Securities upon the merger, consolidation, reorganization, recapitalization or
other fundamental change in the corporate structure of any Issuer, or upon the
exercise by any Grantor or the Administrative Agent of any right, privilege or
option pertaining to such Pledged Securities, and in connection therewith, the
right to deposit and deliver any and all of the Pledged Securities with any
committee, depositary, transfer agent, registrar or other designated agency upon
such terms and conditions as the Administrative Agent may determine), all
without liability except to account for property actually received by it, but
the Administrative Agent shall have no duty to any Grantor to exercise any such
right, privilege or option and shall not be responsible for any failure to do so
or delay in so doing.
(c) Each Grantor hereby authorizes and instructs each
Issuer of any Pledged Securities pledged by such Grantor hereunder to (i) comply
with any instruction received by it from the Administrative Agent in writing
that (x) states that an Event of Default has occurred and is continuing and (y)
is otherwise in accordance with the terms of this Agreement, without any other
or further instructions from such Grantor, and each Grantor agrees that each
Issuer shall be fully protected in so complying, and (ii) unless otherwise
expressly permitted hereby, pay any dividends or other payments with respect to
the Pledged Securities directly to the Administrative Agent.
6.4 Proceeds to be Turned Over To Administrative Agent. In
addition to the rights of the Secured Parties specified in Section 6.1 with
respect to payments of Receivables, if an Event of Default shall occur and be
continuing, all Proceeds received by any Grantor consisting of cash and checks
shall be held by such Grantor in trust for the Secured Parties, segregated from
other funds of such Grantor, and shall, forthwith upon receipt by such Grantor,
be turned over to the Administrative Agent in the exact form received by such
Grantor (duly indorsed by such Grantor to the Administrative Agent, if
required). All Proceeds received by the Administrative Agent hereunder shall be
held by the Administrative Agent in a Collateral Account maintained under its
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sole dominion and control. All Proceeds while held by the Administrative Agent
in a Collateral Account (or by such Grantor in trust for the Secured Parties)
shall continue to be held as collateral security for all the Obligations and
shall not constitute payment thereof until applied as provided in Section 6.5.
6.5 Application of Proceeds. At such intervals as may be agreed
upon by the Borrower and the Administrative Agent, or, if an Event of Default
shall have occurred and be continuing, at any time at the Administrative Agent's
election, the Administrative Agent may apply all or any part of Proceeds held in
any Collateral Account in payment of the Obligations in such order as required
by the Credit Agreement, and any part of such funds which are not required as
collateral security for the Obligations shall be paid over from time to time by
the Administrative Agent to the Borrower or to whomsoever may be lawfully
entitled to receive the same. Any balance of such Proceeds remaining after the
Obligations shall have been paid in full, no Letters of Credit shall be
outstanding and the Commitments shall have terminated shall be paid over to the
Borrower or to whomsoever may be lawfully entitled to receive the same.
6.6 Code and Other Remedies. If an Event of Default shall occur
and be continuing, the Administrative Agent, on behalf of the Secured Parties,
may exercise, in addition to all other rights and remedies granted to them in
this Agreement and in any other instrument or agreement securing, evidencing or
relating to the Obligations, all rights and remedies of a secured party under
the New York UCC (whether or not the New York UCC applies to the affected
Collateral) or its rights under any other applicable law or in equity. Without
limiting the generality of the foregoing, the Administrative Agent, without
demand of performance or other demand, presentment, protest, advertisement or
notice of any kind (except any notice required by law referred to below) to or
upon any Grantor or any other Person (all and each of which demands, defenses,
advertisements and notices are hereby waived), may in such circumstances
forthwith collect, receive, appropriate and realize upon the Collateral, or any
part thereof, and/or may forthwith sell, lease, license, assign, give option or
options to purchase, or otherwise dispose of and deliver the Collateral or any
part thereof (or contract to do any of the foregoing), in one or more parcels at
public or private sale or sales, at any exchange, broker's board or office of
the Administrative Agent or any Secured Party or elsewhere upon such terms and
conditions as it may deem advisable and at such prices as it may deem best, for
cash or on credit or for future delivery without assumption of any credit risk.
The Administrative Agent or any Secured Party shall have the right upon any such
public sale or sales, and, to the extent permitted by law, upon any such private
sale or sales, to purchase the whole or any part of the Collateral so sold, free
of any right or equity of redemption in any Grantor, which right or equity is
hereby waived and released. Each purchaser at any such sale shall hold the
property sold absolutely free from any claim or right on the part of any
Grantor, and each Grantor hereby waives (to the extent permitted by applicable
law) all rights of redemption, stay and/or appraisal which it now has or may at
any time in the future have under any rule of law or statute now existing or
hereafter enacted. The Administrative Agent shall not be obligated to make any
sale of Collateral regardless of notice of sale having been given. The
Administrative Agent may adjourn any public or private sale from time to time by
announcement at the time and place fixed therefor, and such sale may, without
further notice, be made at the time and place to which it was so adjourned. The
Administrative Agent may sell the Collateral without giving any warranties as to
the Collateral. The Administrative Agent may specifically disclaim or modify any
warranties of title or the like. This procedure will not be considered to
adversely effect the commercial
23
reasonableness of any sale of the Collateral. Each Grantor agrees that it would
not be commercially unreasonable for the Administrative Agent to dispose of the
Collateral or any portion thereof by using Internet sites that provide for the
auction of assets of the types included in the Collateral or that have the
reasonable capability of doing so, or that match buyers and sellers of assets.
Each Grantor further agrees, at the Administrative Agent's request, to assemble
the Collateral and make it available to the Administrative Agent at places which
the Administrative Agent shall reasonably select, whether at such Grantor's
premises or elsewhere. The Administrative Agent shall apply the net proceeds of
any action taken by it pursuant to this Section 6.6, after deducting all
reasonable costs and expenses of every kind incurred in connection therewith or
incidental to the care or safekeeping of any of the Collateral or in any way
relating to the Collateral or the rights of the Secured Parties hereunder,
including, without limitation, reasonable attorneys' fees and disbursements, to
the payment in whole or in part of the Obligations, in such order as the
Administrative Agent may elect, and only after such application and after the
payment by the Administrative Agent of any other amount required by any
provision of law, including, without limitation, Section 9-615(a)(l) of the New
York UCC, need the Administrative Agent account for the surplus, if any, to any
Grantor. To the extent permitted by applicable law, each Grantor waives all
claims, damages and demands it may acquire against any Secured Party arising out
of the exercise by them of any rights hereunder. If any notice of a proposed
sale or other disposition of Collateral shall be required by law, such notice
shall be deemed reasonable and proper if given at least 15 days before such sale
or other disposition.
6.7 Registration Rights. (a) If the Administrative Agent shall
determine to exercise its right to sell any or all of the Pledged Equity
Interests which are issued by a Subsidiary of the Borrower pursuant to Section
6.6, and if in the opinion of the Administrative Agent it is necessary or
advisable to have such Pledged Equity Interests, or that portion thereof to be
sold, registered under the provisions of the Securities Act, the relevant
Grantor will cause the Issuer thereof to (i) execute and deliver, and cause the
directors and officers of such Issuer to execute and deliver, all such
instruments and documents, and do or cause to be done all such other acts as may
be, in the opinion of the Administrative Agent, necessary or advisable to
register such Pledged Equity Interests, or that portion thereof to be sold,
under the provisions of the Securities Act, (ii) use its commercially reasonable
efforts to cause the registration statement relating thereto to become effective
and to remain effective for a period of one year from the date of the first
public offering of such Pledged Equity Interests, or that portion thereof to be
sold, and (iii) make all amendments thereto and/or to the related prospectus
which, in the opinion of the Administrative Agent, are necessary or advisable,
all in conformity with the requirements of the Securities Act and the rules and
regulations of the Securities and Exchange Commission applicable thereto. Each
Grantor agrees to cause such Issuer to comply with the provisions of the
securities or "Blue Sky" laws of any and all jurisdictions which the
Administrative Agent shall designate and to make available to its security
holders, as soon as practicable, an earnings statement (which need not be
audited) which will satisfy the provisions of Section 11(a) of the Securities
Act.
(b) Each Grantor recognizes that the Administrative Agent
may be unable to effect a public sale of any or all such Pledged Equity
Interests, by reason of certain prohibitions contained in the Securities Act and
applicable state securities laws or otherwise, and may be compelled to resort to
one or more private sales thereof to a restricted group of purchasers which
24
will be obliged to agree, among other things, to acquire such securities for
their own account for investment and not with a view to the distribution or
resale thereof. Each Grantor acknowledges and agrees that any such private sale
may result in prices and other terms less favorable than if such sale were a
public sale and, notwithstanding such circumstances, agrees that any such
private sale shall be deemed to have been made in a commercially reasonable
manner. The Administrative Agent shall be under no obligation to delay a sale of
any of such Pledged Equity Interests for the period of time necessary to permit
the Issuer thereof to register such securities for public sale under the
Securities Act, or under applicable state securities laws, even if such Issuer
would agree to do so.
(c) Each Grantor agrees to use its commercially
reasonable efforts to do or cause to be done all such other acts as may be
necessary to make such sale or sales of all or any portion of such Pledged
Equity Interests pursuant to this Section 6.7 valid and binding and in
compliance with any and all other applicable Requirements of Law. Each Grantor
further agrees that a breach of any of the covenants contained in this Section
6.7 will cause irreparable injury to the Secured Parties, that the Secured
Parties have no adequate remedy at law in respect of such breach and, as a
consequence, that each and every covenant contained in this Section 6.7 shall be
specifically enforceable against such Grantor, and such Grantor hereby waives
and agrees not to assert any defenses against an action for specific performance
of such covenants except for a defense that no Event of Default has occurred
under the Credit Agreement.
6.8 Deficiency. Each Grantor shall remain liable for any
deficiency if the proceeds of any sale or other disposition of the Collateral
are insufficient to pay its Obligations and the fees and disbursements of any
attorneys employed by the Administrative Agent or any Secured Party to collect
such deficiency.
SECTION 7. THE ADMINISTRATIVE AGENT
7.1 Administrative Agent's Appointment as Attorney-in-Fact, etc.
(a) Each Grantor hereby irrevocably constitutes and appoints the Administrative
Agent and any officer or agent thereof, with full power of substitution, as its
true and lawful attorney-in-fact with full irrevocable power and authority in
the place and stead of such Grantor and in the name of such Grantor or in its
own name, for the purpose of carrying out the terms of this Agreement, to take
any and all appropriate action and to execute any and all documents and
instruments which may be necessary or desirable to accomplish the purposes of
this Agreement, and, without limiting the generality of the foregoing, each
Grantor hereby gives the Administrative Agent the power and right, on behalf of
such Grantor, without assent by such Grantor, to do any or all of the following:
(i) upon the occurrence and during the continuance of an
Event of Default and after notice to the applicable Grantor, in the
name of such Grantor or its own name, or otherwise, take possession of
and indorse and collect any checks, drafts, notes, acceptances or other
instruments for the payment of moneys due under any Receivable or any
Contract or Additional Contract included in the Collateral or with
respect to any other Collateral and file any claim or take any other
action or proceeding in any court of law or equity or otherwise deemed
appropriate by the Administrative Agent for the
25
purpose of collecting any and all such moneys due under any Receivable
or any Contract or Additional Contract or with respect to any other
Collateral whenever payable;
(ii) in the case of any Intellectual Property included in
the Collateral, execute and deliver, and have recorded, any and all
agreements, instruments, documents and papers as the Administrative
Agent may reasonably request to evidence the Administrative Agent's and
the Secured Parties' security interest in such Intellectual Property
and the goodwill and general intangibles of such Grantor relating
thereto or represented thereby;
(iii) pay or discharge taxes and Liens levied or placed on
or threatened against the Collateral, effect any repairs or any
insurance called for by the terms of this Agreement and pay all or any
part of the premiums therefor and the costs thereof;
(iv) execute, in connection with any sale provided for in
Section 6.6 or 6.7, any indorsements, assignments or other instruments
of conveyance or transfer with respect to the Collateral; and
(v) upon the occurrence and during the continuance of an
Event of Default and after notice to the applicable Grantor (1) direct
any party liable for any payment under any of the Collateral to make
payment of any and all moneys due or to become due thereunder directly
to the Administrative Agent or as the Administrative Agent shall
direct; (2) ask or demand for, collect, and receive payment of and
receipt for, any and all moneys, claims and other amounts due or to
become due at any time in respect of or arising out of any Collateral;
(3) sign and indorse any invoices, freight or express bills, bills of
lading, storage or warehouse receipts, drafts against debtors,
assignments, verifications, notices and other documents in connection
with any of the Collateral; (4) commence and prosecute any suits,
actions or proceedings at law or in equity in any court of competent
jurisdiction to collect the Collateral or any portion thereof and to
enforce any other right in respect of any Collateral; (5) defend any
suit, action or proceeding brought against such Grantor with respect to
any Collateral; (6) settle, compromise or adjust any such suit, action
or proceeding and, in connection therewith, give such discharges or
releases as the Administrative Agent may reasonably deem appropriate;
(7) assign any Copyright, Patent or Trademark (along with the goodwill
of the business to which any such Copyright, Patent or Trademark
pertains), throughout the world for such term or terms, on such
conditions, and in such manner, as the Administrative Agent shall in
its sole discretion determine; and (8) generally, sell, transfer,
pledge and make any agreement with respect to or otherwise deal with
any of the Collateral as fully and completely as though the
Administrative Agent were the absolute owner thereof for all purposes,
and do, at the Administrative Agent's option and such Grantor's
expense, at any time, or from time to time, all acts and things which
the Administrative Agent deems necessary to protect, preserve or
realize upon the Collateral and the Administrative Agent's and the
Secured Parties' security interests therein and to effect the intent of
this Agreement, all as fully and effectively as such Grantor might do.
26
(b) If any Grantor fails to perform or comply with any of
its agreements contained herein, the Administrative Agent, at its option, but
without any obligation so to do, may perform or comply, or otherwise cause
performance or compliance, with such agreement.
(c) The expenses of the Administrative Agent incurred in
connection with actions undertaken as provided in this Section 7.1, together
with interest thereon at a rate per annum equal to the rate per annum at which
interest would then be payable on past due Base Rate Loans under the Credit
Agreement, from the date of payment by the Administrative Agent to the date
reimbursed by the relevant Grantor, shall be payable by such Grantor to the
Administrative Agent on demand.
(d) Each Grantor hereby ratifies all that said attorneys
shall lawfully do or cause to be done by virtue hereof. All powers,
authorizations and agencies contained in this Agreement are coupled with an
interest and are irrevocable until this Agreement is terminated and the security
interests created hereby are released.
7.2 Duty of Administrative Agent. The Administrative Agent's sole
duty with respect to the custody, safekeeping and physical preservation of the
Collateral in its possession, under Section 9-207 of the New York UCC or
otherwise, shall be to deal with it in the same manner as the Administrative
Agent deals with similar property for its own account. Neither any Secured Party
nor any of their respective officers, directors, employees or agents shall be
liable for failure to demand, collect or realize upon any of the Collateral or
for any delay in doing so or shall be under any obligation to sell or otherwise
dispose of any Collateral upon the request of any Grantor or any other Person or
to take any other action whatsoever with regard to the Collateral or any part
thereof. The powers conferred on the Secured Parties hereunder are solely to
protect the Secured Parties' interests in the Collateral and shall not impose
any duty upon any Secured Party to exercise any such powers. The Secured Parties
shall be accountable only for amounts that they actually receive as a result of
the exercise of such powers, and neither they nor any of their officers,
directors, employees or agents shall be responsible to any Grantor for any act
or failure to act hereunder, except for their own gross negligence or willful
misconduct.
7.3 Execution of Financing Statements. Pursuant to Section
9-509(b) of the New York UCC and any other applicable law, each Grantor
authorizes the Administrative Agent to file or record financing or continuation
statements (including, without limitation, fixture filings) and amendments
thereto and other filing or recording documents or instruments with respect to
the Collateral without the signature of such Grantor (but with subsequent notice
to such Grantor) in such form and in such offices as the Administrative Agent
reasonably determines appropriate to perfect or maintain the perfection of the
security interests of the Administrative Agent under this Agreement. Each
Grantor agrees that such financing statements may describe the collateral in the
same manner as described in the Security Documents or as "all assets" or "all
personal property" of the undersigned, whether now owned or hereafter existing
or acquired by the undersigned or such other description as the Administrative
Agent, in its sole judgment, determines is necessary or advisable. A
photographic or other reproduction of this Agreement shall be sufficient as a
financing statement or other filing or recording document or instrument for
filing or recording in any jurisdiction.
27
7.4 Authority of Administrative Agent. Each Grantor acknowledges
that the rights and responsibilities of the Administrative Agent under this
Agreement with respect to any action taken by the Administrative Agent or the
exercise or non-exercise by the Administrative Agent of any option, voting
right, request, judgment or other right or remedy provided for herein or
resulting or arising out of this Agreement shall, as between the Administrative
Agent and the other Secured Parties, be governed by the Credit Agreement and by
such other agreements with respect thereto as may exist from time to time among
them, but, as between the Administrative Agent and the Grantors, the
Administrative Agent shall be conclusively presumed to be acting as agent for
the Secured Parties with full and valid authority so to act or refrain from
acting, and no Grantor shall be under any obligation, or entitlement, to make
any inquiry respecting such authority.
SECTION 8. MISCELLANEOUS
8.1 Amendments in Writing. None of the terms or provisions of this
Agreement may be waived, amended, supplemented or otherwise modified except in
accordance with subsection 10.1 of the Credit Agreement.
8.2 Notices. All notices, requests and demands to or upon the
Agents or any Peabody Entity hereunder shall be effected in the manner provided
for in subsection 10.2 of the Credit Agreement; provided that any such notice,
request or demand to or upon any Guarantor shall be addressed to such Guarantor
at its notice address set forth on Schedule 1.
8.3 No Waiver by Course of Conduct; Cumulative Remedies. None of
the Secured Parties shall by any act (except by a written instrument pursuant to
Section 8.1), delay, indulgence, omission or otherwise be deemed to have waived
any right or remedy hereunder or to have acquiesced in any Default or Event of
Default. No failure to exercise, nor any delay in exercising, on the part of any
Secured Party, any right, power or privilege hereunder shall operate as a waiver
thereof. No single or partial exercise of any right, power or privilege
hereunder shall preclude any other or further exercise thereof or the exercise
of any other right, power or privilege. A waiver by any Secured Party of any
right or remedy hereunder on any one occasion shall not be construed as a bar to
any right or remedy which such Secured Party would otherwise have on any future
occasion. The rights and remedies herein provided are cumulative, may be
exercised singly or concurrently and are not exclusive of any other rights or
remedies provided by law.
8.4 Enforcement Expenses; Indemnification. (a) Each Guarantor
agrees to pay or reimburse each Secured Party for all its costs and expenses
incurred in collecting against such Guarantor under the guarantee contained in
Section 2 or otherwise enforcing or preserving any rights under this Agreement
and the other Credit Documents to which such Guarantor is a party, including,
without limitation, the fees and disbursements of counsel to each Secured Party
and of counsel to the Administrative Agent and the other Agents.
(b) Each Grantor agrees to pay, and to save the Secured
Parties harmless from, any and all liabilities with respect to, or resulting
from any delay in paying, any and all stamp, excise, sales or other taxes which
may be payable or determined to be payable with
28
respect to any of the Collateral or in connection with any of the transactions
contemplated by this Agreement.
(c) Each Peabody Entity agrees to pay, and to save the
Secured Parties harmless from, any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements
of any kind or nature whatsoever with respect to the execution, delivery,
enforcement, performance and administration of this Agreement to the extent the
Borrower would be required to do so pursuant to subsection 10.5 of the Credit
Agreement.
(d) The agreements in this Section 8.4 shall survive
repayment of the Obligations and all other amounts payable under the Credit
Agreement and the other Credit Documents.
8.5 Successors and Assigns. This Agreement shall be binding upon
the successors and assigns of each Peabody Entity and shall inure to the benefit
of the Secured Parties and their successors and assigns; provided that no
Peabody Entity may assign, transfer or delegate any of its rights or obligations
under this Agreement without the prior written consent of the Administrative
Agent and the Syndication Agents.
8.6 Set-Off. Each Peabody Entity hereby irrevocably authorizes
each Secured Party at any time and from time to time pursuant to subsection
10.7(b) of the Credit Agreement, without notice to such Peabody Entity or any
other Peabody Entity, any such notice being expressly waived by each Peabody
Entity, to set-off and appropriate and apply any and all deposits (general or
special, time or demand, provisional or final), in any currency, and any other
credits, indebtedness or claims, in any currency, in each case whether direct or
indirect, absolute or contingent, matured or unmatured, at any time held or
owing by such Secured Party to or for the credit or the account of such Peabody
Entity, or any part thereof in such amounts as such Secured Party may elect,
against and on account of the Obligations and liabilities of such Peabody Entity
to such Secured Party hereunder then due and owing and claims of every nature
and description of such Secured Party against such Peabody Entity then due and
owing, in any currency, whether arising hereunder, under the Credit Agreement,
any other Credit Document or otherwise, as such Secured Party may elect, whether
or not such Secured Party has made any demand for payment and although such
Obligations, liabilities and claims may be contingent or unmatured. Each Secured
Party shall notify such Peabody Entity promptly of any such set-off and the
application made by such Secured Party of the proceeds thereof, provided that
the failure to give such notice shall not affect the validity of such set-off
and application. The rights of the each Secured Party under this Section 8.6 are
in addition to other rights and remedies (including, without limitation, other
rights of set-off) which such Secured Party may have.
8.7 Counterparts. This Agreement may be executed by one or more of
the parties to this Agreement on any number of separate counterparts (including
by telecopy), and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.
8.8 Severability. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction with respect to any of the
Peabody Entities shall, as to such jurisdiction and such Peabody Entity, be
ineffective to the extent of such prohibition or
29
unenforceability without invalidating the remaining provisions hereof with
respect to such Peabody Entity or any of the other Peabody Entities, and any
such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction or with respect to
any of the other Peabody Entities in any jurisdiction.
8.9 Section Headings. The Section headings used in this Agreement
are for convenience of reference only and are not to affect the construction
hereof or be taken into consideration in the interpretation hereof.
8.10 Integration. This Agreement and the other Credit Documents
represent the agreement of the Peabody Entities and the Secured Parties with
respect to the subject matter hereof and thereof, and there are no promises,
undertakings, representations or warranties by any Secured Party relative to
subject matter hereof and thereof not expressly set forth or referred to herein
or in the other Credit Documents.
8.11 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
8.12 Submission To Jurisdiction; Waivers. Each Peabody Entity
hereby irrevocably and unconditionally:
(a) submits for itself and its property in any legal
action or proceeding relating to this Agreement and the other Credit
Documents to which it is a party, or for recognition and enforcement of
any judgment in respect thereof, to the non-exclusive general
jurisdiction of the Courts of the State of New York, the courts of the
United States of America for the Southern District of New York, and
appellate courts from any thereof;
(b) consents that any such action or proceeding may be
brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any
such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;
(c) agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage
prepaid, to such Peabody Entity at its address referred to in Section
8.2 or at such other address of which the Administrative Agent shall
have been notified pursuant thereto;
(d) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted by law or shall
limit the right to sue in any other jurisdiction; and
(e) waives, to the maximum extent not prohibited by law,
any right it may have to claim or recover in any legal action or
proceeding referred to in this Section any special, exemplary, punitive
or consequential damages.
30
8.13 Acknowledgements. Each Peabody Entity hereby acknowledges
that:
(a) it has been advised by counsel in the negotiation,
execution and delivery of this Agreement and the other Credit Documents
to which it is a party;
(b) None of the Secured Parties has any fiduciary
relationship with or duty to any Peabody Entity arising out of or in
connection with this Agreement or any of the other Credit Documents,
and the relationship between the Peabody Entities, on the one hand, and
the Secured Parties, on the other hand, in connection herewith or
therewith is solely that of debtor and creditor; and
(c) no joint venture is created hereby or by the other
Credit Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Secured Parties or among the Peabody
Entities and the Secured Parties.
8.14 WAIVER OF JURY TRIAL. EACH PEABODY ENTITY AND, BY ACCEPTANCE
OF THE BENEFITS HEREOF, EACH OF THE SECURED PARTIES HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.
8.15 Additional Grantors. Each Subsidiary of the Borrower that
elects to become a party to this Agreement or is required to become a party to
this Agreement pursuant to subsection 6.10 of the Credit Agreement shall become
a Grantor or Guarantor, as the case may be, for all purposes of this Agreement
upon execution and delivery by such Subsidiary of an Assumption Agreement in the
form of Annex 1 hereto.
8.16 Releases. (a) At such time as the Loans, the L/C Obligations
and the other Obligations shall have been paid in full, the Commitments have
been terminated and no Letters of Credit shall be outstanding, the Collateral
shall be released from the Liens created hereby, and this Agreement and all
obligations (other than those expressly stated to survive such termination) of
the Administrative Agent and each Grantor hereunder shall terminate, all without
delivery of any instrument or performance of any act by any party, and all
rights to the Collateral shall revert to the Grantors and the Administrative
Agent shall deliver to such Grantor any Collateral held by the Administrative
Agent hereunder, and execute and deliver to such Grantor such documents as such
Grantor shall reasonably request to evidence such termination.
(b) If any of the Collateral shall be sold, transferred
or otherwise disposed of by any Grantor in a transaction permitted by the Credit
Agreement (including, without limitation, the designation of a Credit Party as
an Unrestricted Subsidiary as permitted thereunder), then the Administrative
Agent, at the request and sole expense of such Grantor, shall execute and
deliver to such Grantor all releases or other documents reasonably necessary for
the release of the Liens created hereby on such Collateral. At the request and
sole expense of the Borrower, a Guarantor shall be released from its obligations
hereunder in the event that all the Capital Stock of such Guarantor shall be
sold, transferred or otherwise disposed of in a transaction permitted by the
Credit Agreement (including, without limitation, the designation of such
Guarantor as an Unrestricted Subsidiary as permitted thereunder).
31
(c) If at any time the Capital Stock of any Unrestricted
Subsidiary pledged hereunder is to be pledged instead as security for the
obligations of any such Unrestricted Subsidiary under any Non-Recourse Debt, the
Administrative Agent, at the request and sole expense of the applicable Grantor,
shall execute and deliver to such Grantor all releases and other documents
reasonably necessary for the release of the Liens created hereby on such
Collateral and shall deliver the certificates (if any) representing such Capital
Stock to the applicable Grantor.
(d) Each Grantor acknowledges that it is not authorized
to file any financing statement or amendment or termination statement with
respect to any financing statement originally filed in connection herewith
without the prior written consent of the Administrative Agent, subject to such
Grantor's rights under Section 9-509(d)(2) of the New York UCC.
8.17 Conflict. In the event there is a conflict between the terms
of this Agreement and the Credit Agreement, the Credit Agreement shall control.
[SIGNATURE PAGES FOLLOW]
32
IN WITNESS WHEREOF, each of the undersigned has caused this
Guarantee and Collateral Agreement to be duly executed and delivered as of the
date first above written.
PEABODY ENERGY CORPORATION,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
-----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT AND TREASURER
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
SUBSIDIARIES
AFFINITY MINING COMPANY,
a West Virginia corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
ARID OPERATIONS INC.,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
BEAVER DAM COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
BIG RIDGE, INC.,
a Illinois corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
BIG SKY COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
BLACK BEAUTY COAL COMPANY
an Indiana general partnership
By: Thoroughbred, L.L.C.,
a Delaware limited liability
company, its Partner
By: /s/ STEVEN F. SCHAAB
-------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
BLACK WALNUT COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
BLUEGRASS COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
CABALLO COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
CHARLES COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
CLEATON COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
COAL PROPERTIES CORP.,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
COLONY BAY COAL COMPANY,
a West Virginia general partnership
By: Charles Coal Company,
a Delaware corporation, its
General Partner
By: /s/ STEVEN F. SCHAAB
-------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
COOK MOUNTAIN COAL COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
COTTONWOOD LAND COMPANY,
a Delaware corporation
By: /s/ STEVEN F. SCHAAB
----------------------------------
Name: STEVEN F. SCHAAB
Title: VICE PRESIDENT
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
CYPRUS CREEK LAND COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
CYPRUS CREEK LAND RESOURCES, LLC,
a Delaware limited liability company
By: Peabody Development Company,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
EACC CAMPS, INC.,
a West Virginia corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
EASTERN ASSOCIATED COAL CORP.,
a West Virginia corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
EASTERN ROYALTY CORP.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
GALLO FINANCE COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
GOLD FIELDS CHILE, S.A.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
GOLD FIELDS MINING CORPORATION,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
GOLD FIELDS OPERATING COMPANY - ORTIZ,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
GRAND EAGLE MINING, INC.,
a Kentucky corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
HAYDEN GULCH TERMINAL, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
HIGHLAND MINING COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
HILLSIDE MINING COMPANY,
a West Virginia corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
INDEPENDENCE MATERIAL HANDLING
COMPANY, a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
INTERIOR HOLDINGS CORP.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
JAMES RIVER COAL TERMINAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
JARRELL'S BRANCH COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
JUNIPER COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
KAYENTA MOBILE HOME PARK, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
LOGAN FORK COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
MARTINKA COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
MIDCO SUPPLY AND EQUIPMENT
CORPORATION, an Illinois corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
MOUNTAIN VIEW COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
MUSTANG ENERGY COMPANY, L.L.C.,
a Delaware limited liability company
By: Peabody Energy Corporation,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
NORTH PAGE COAL CORP.,
a West Virginia corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
OHIO COUNTY COAL COMPANY,
a Kentucky corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PATRIOT COAL COMPANY, L.P.,
a Delaware limited partnership
By: Bluegrass Coal Company,
a Delaware corporation, its Partner
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
By: Sentry Mining Company,
a Delaware corporation, its Partner
By: /s/ Steven F. Schaab
-----------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
PEABODY AMERICA, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY ARCHVEYOR, L.L.C.,
a Delaware limited liability company
By: Gold Fields Mining Corporation,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
PEABODY COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY COALSALES COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY COALTRADE, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY DEVELOPMENT COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
PEABODY DEVELOPMENT LAND HOLDINGS,
LLC, a Delaware limited liability company
By: Peabody Development Company,
a Delaware corporation, its Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
By: Peabody Holding Company, Inc.,
a New York corporation, its Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
PEABODY ENERGY GENERATION HOLDING
COMPANY, a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY ENERGY INVESTMENTS, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
PEABODY ENERGY SOLUTIONS, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY HOLDING COMPANY, INC.,
a New York corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY NATURAL GAS, LLC,
a Delaware limited liability company
By: Peabody Holding Company, Inc.,
a New York corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
PEABODY NATURAL RESOURCES COMPANY,
a Delaware partnership
By: Gold Fields Mining Corporation,
a Delaware corporation, its Partner
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
By: Peabody America, Inc.,
a Delaware corporation, its Partner
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
PEABODY RECREATIONAL LANDS, L.L.C.,
a Delaware limited liability company
By: Peabody Development Company,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
PEABODY SOUTHWESTERN COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY TERMINALS, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY VENEZUELA COAL CORP.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PEABODY-WATERSIDE DEVELOPMENT, L.L.C.,
a Delaware limited liability company
By: Peabody Development Company,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
PEABODY WESTERN COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PINE RIDGE COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
POND CREEK LAND RESOURCES, LLC,
a Delaware limited liability company
By: Peabody Coal Company,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
POND RIVER LAND COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
PORCUPINE PRODUCTION, LLC,
a Delaware limited liability company
By: Peabody Development Company,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
PORCUPINE TRANSPORTATION, LLC,
a Delaware limited liability company
By: Peabody Development Company,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
POWDER RIVER COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
PRAIRIE STATE GENERATING COMPANY, LLC,
a Delaware limited liability company
By: Peabody Energy Corporation,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
RIO ESCONDIDO COAL CORP.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
RIVERS EDGE MINING, INC.,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
RIVERVIEW TERMINAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
SENECA COAL COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
SENTRY MINING COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
SNOWBERRY LAND COMPANY,
a Delaware corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
STAR LAKE ENERGY COMPANY, L.L.C.,
a Delaware limited liability company
By: Peabody Energy Corporation,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
STERLING SMOKELESS COAL COMPANY,
a West Virginia corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
THOROUGHBRED, L.L.C.,
a Delaware limited liability company
By: Peabody Holding Company, Inc.,
a New York corporation, its Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
By: Peabody Development Company,
a Delaware corporation, its Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
THOROUGHBRED GENERATING COMPANY, LLC,
a Delaware limited liability company
By: Peabody Energy Corporation,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
THOROUGHBRED MINING COMPANY, L.L.C.,
a Delaware limited liability company
By: Peabody Energy Corporation,
a Delaware corporation, its Sole Member
By: /s/ Steven F. Schaab
---------------------------------------
Name: Steven F. Schaab
Title: Vice President and Treasurer
YANKEETOWN DOCK CORPORATION,
an Indiana corporation
By: /s/ Steven F. Schaab
-------------------------------------------
Name: Steven F. Schaab
Title: Vice President
(signatures continue on next page)
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
Accepted on behalf of the
Secured Parties as of the date first
above written
FLEET NATIONAL BANK,
as Administrative Agent
By: /s/ Christopher C. Holmgren
--------------------------------------
Name: Christopher C. Holmgren
Title: Managing Director
[Peabody Energy-Amended and Restated Guarantee and Collateral Agreement]
SCHEDULE 1
NOTICE ADDRESSES OF PEABODY ENTITIES
COMPANY NOTICE ADDRESSES
Affinity Mining Company 202 Laidley Tower, P.O. Box 1233
Charleston, WV 25324
Arid Operations Inc. 14062 Denver West Parkway
Suite 110
Golden, CO 80401-3301
Beaver Dam Coal Company 701 Market Street, Suite 725
St. Louis, MO 63101
Big Ridge, Inc. 701 Market Street
St. Louis, MO 63101
Big Sky Coal Company P.O. Box 97
Colstrip, MT 59323
Black Walnut Coal Company 701 Market Street
St. Louis, MO 63101
Bluegrass Coal Company 701 Market Street, Suite 710
St. Louis, MO 63101-1826
Caballo Coal Company 12433 North Highway 59
Gillette, WY 82716
Charles Coal Company 202 Laidley Tower, P.O. Box 1233
Charleston, WV 25324
Cleaton Coal Company 701 Market Street
Suite 703
St. Louis, MO 63101
Coal Properties Corp. 202 Laidley Tower
Charleston, WV 25324
Colony Bay Coal Company 202 Laidley Tower
P.O. Box 1233
Charlestown, WV 25324
Cook Mountain Coal Company 202 Laidley Tower
Charleston, WV 25324
2
COMPANY NOTICE ADDRESSES
Cottonwood Land Company 301 N. Memorial Drive, Suite 334
St. Louis, MO 63102
Cyprus Creek Land Company 701 Market Street, Suite 772
St. Louis, MO 63101
Cyprus Creek Land Resources, LLC 701 Market Street, Suite 775
St. Louis, MO 63101
EACC Camps, Inc. 202 Laidley Tower
Charleston, WV 25324
Eastern Associated Coal Corp. 202 Laidley Tower
Charleston, WV 25324
Eastern Royalty Corp. 202 Laidley Tower, P.O. Box 1233
Charleston, WV 25324
Gallo Finance Company 701 Market Street, Suite 713
St. Louis, MO 63101
Gold Fields Chile, S.A. 14062 Denver West Parkway
Suite 110
Golden, CO 80401-3301
Gold Fields Mining Corporation 14062 Denver West Parkway
Suite 110
Golden, CO 80401-3301
Gold Fields Operating Co. - Ortiz 14062 Denver West Parkway
Suite 110
Golden, CO 80401-3301
Grand Eagle Mining, Inc. 19070 Highway 1078 South
Henderson, KY 42420
Hayden Gulch Terminal, Inc. P.O. Box 882323
Steamboat Springs, CO 80488
Highland Mining Company 701 Market Street, Suite 724
St. Louis, MO 63101-1826
3
COMPANY NOTICE ADDRESSES
Hillside Mining Company 202 Laidley Tower
Charleston, WV 25324
Independence Material 701 Market Street, Suite 840
Handling Company St. Louis, MO 63101
Interior Holdings Corp. 701 Market Street, Suite 730
St. Louis, MO 63101-1826
James River Coal Terminal Company 701 Market Street, Suite 702
St. Louis, MO 63101-1826
Jarrell's Branch Coal Company 701 Market Street, Suite 774
St. Louis, MO 63101
Juniper Coal Company 701 Market Street, Suite 716
St. Louis, MO 63101
Kayenta Mobile Home Park, Inc. P.O. Box 605
Kayenta, AZ 86033
Logan Fork Coal Company 701 Market Street, Suite 773
St. Louis, MO 63101
Martinka Coal Company 202 Laidley Tower, P.O. Box 815
Charleston, WV 25324-0004
Midco Supply and Equipment P.O. Box 14542
Corporation St. Louis, MO 63178
Mountain View Coal Company 202 Laidley Tower
Charleston, WV 25334-0004
Mustang Energy Company, L.L.C. 701 Market Street, Suite 953
St. Louis, MO 63101
North Page Coal Corp. 202 Laidley Tower, P.O. Box 1233
Charleston, WV 25324
Ohio County Coal Company 19070 Highway 1078 South
Henderson, KY 42420
4
COMPANY NOTICE ADDRESSES
Patriot Coal Company, L.P. 19070 Highway 1078 South
Henderson, KY 42420
Peabody America, Inc. 701 Market Street, Suite 720
St. Louis, MO 63101-1826
Peabody Archveyor, L.L.C. 701 Market Street, Suite 751
St. Louis, MO 63101
Peabody Coal Company 701 Market Street, Suite 765
St. Louis, MO 63101
Peabody COALSALES Company 701 Market Street, Suite 830
St. Louis, MO 63101-1826
Peabody COALTRADE, Inc. 701 Market Street, Suite 835
St. Louis, MO 63101
Peabody Development Company 301 North Memorial Drive
Suite 300
St. Louis, MO 63102
Peabody Development Land 701 Market Street, Suite 700
Holdings, LLC St. Louis, MO 63101
Peabody Energy Corporation 701 Market Street, Suite 760
St. Louis, MO 63101
Peabody Energy Generation Holding 701 Market Street, Suite 930
Company St. Louis, MO 63101
Peabody Energy Investments, Inc. 701 Market Street, Suite 717
St. Louis, MO 63101
Peabody Energy Solutions, Inc. 701 Market Street, Suite 845
St. Louis, MO 63101
Peabody Holding Company, Inc. 701 Market Street, Suite 700
St. Louis, MO 63101
Peabody Natural Gas, LLC 701 Market Street, Suite 740
St. Louis, MO 63101
5
COMPANY NOTICE ADDRESSES
------- ----------------
Peabody Natural Resources Company 701 Market Street, Suite 718
St. Louis, MO 63101
Peabody Recreational Lands, L.L.C. 701 Market Street, Suite 920
St. Louis, MO 63101
Peabody Southwestern Coal Company 701 Market Street, Suite 718
St. Louis, MO 63101-1826
Peabody Terminals, Inc. 701 Market Street, Suite 712
St. Louis, MO 63101-1826
Peabody Venezuela Coal Corp. 701 Market Street, Suite 715
St. Louis, MO 63101-1826
Peabody-Waterside Development, L.L.C. 701 Market Street, Suite 921
St. Louis, MO 63101
Peabody Western Coal Company P.O. Box 605
Kayenta, AZ 86033
Pine Ridge Coal Company 202 Laidley Tower
Charleston, WV 25324
Pond Creek Land Resources, LLC 701 Market Street, Suite 776
St. Louis, MO 63101
Pond River Land Company 701 Market Street, Suite 771
St. Louis, MO 63101
Porcupine Production, LLC 701 Market Street
St. Louis, MO 63101
Porcupine Transportation, LLC 701 Market Street
St. Louis, MO 63101
Powder River Coal Company 12433 North Highway 59
Gillette, WY 82716
Prairie State Generating Company LLC 701 Market Street, Suite 781
St. Louis, MO 63101
Rio Escondido Coal Corp. P.O. Box 66746
St. Louis, MO 63166
6
COMPANY NOTICE ADDRESSES
------- ----------------
Rivers Edge Mining, Inc. 701 Market Street, Suite 910
St. Louis, MO 63101
Riverview Terminal Company 14062 Denver West Parkway
Suite 110
Golden, CO 80401-3301
Seneca Coal Company Drawer D
Hayden, CO 81639
Sentry Mining Company 701 Market Street, Suite 701
St. Louis, MO 63101-1826
Snowberry Land Company 301 N. Memorial Drive, Suite 333
St. Louis, MO 63102
Star Lake Energy Company, L.L.C. 701 Market Street
St. Louis, MO 63101
Sterling Smokeless Coal Company 202 Laidley Tower, P.O. Box 1233
Charleston, WV 25324
Thoroughbred, L.L.C. 701 Market Street, Suite 815
St. Louis, MO 63101-1826
Thoroughbred Generating Company, LLC 701 Market Street, Suite 780
St. Louis, MO 63101
Thoroughbred Mining Company, L.L.C. 701 Market Street, Suite 721
St. Louis, MO 63101
Yankeetown Dock Corporation P.O. Box 159
Newburgh, IN 47629-0159
SCHEDULE 2
DESCRIPTION OF PLEDGED SECURITIES
PLEDGED STOCK (DOMESTIC ISSUERS)
- --------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION STOCK
UNDER NY UCC NUMBER OF PERCENTAGE OF CERTIFICATE
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES SHARES NUMBER
- --------------------------------------------------------------------------------------------------------------------------------
EACC Affinity Mining WV common stock, par value 3,000 100% 2
Company ("AMC") $1.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
GFMC Arid Operations Inc. DE common stock, par value 100 100% 2
("AOI") $100.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
PHCI Beaver Dam Coal DE common stock, par value 10,015 100% 394
Company $100.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
PHCI Big Ridge, Inc. IL common stock, no par value 47,715 100% 1
- --------------------------------------------------------------------------------------------------------------------------------
PCC Big Sky Coal DE common stock, par value 10 100% 1
Company ("BSCC") $10.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
PHCI Black Walnut Coal DE common stock, par value 10 100% 1
Company $10.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
IHC Bluegrass Coal DE common stock, par value 10 100% 1
Company ("BCC") $10.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
PRCC Caballo Coal DE common stock, par value 10 100% 1
Company ("CCC") $100.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
2
- ------------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION STOCK
UNDER NY UCC NUMBER OF PERCENTAGE OF CERTIFICATE
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES SHARES NUMBER
- ------------------------------------------------------------------------------------------------------------------------------------
EACC Charles Coal Company DE common stock, par value 100 100% 3
("CCCO") $1.00
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI Cleaton Coal DE Common stock, par value 10 100% 2
Company $10.00
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI Coal Properties Corp. DE common stock, par value $1.00 100 100% 2
("CPC") per share
------------------------------------------------------------------------
preferred stock, par value 59,852 100% 3
$10.00 per share
- ------------------------------------------------------------------------------------------------------------------------------------
CPC Cook Mountain Coal DE common stock, par value $10.00 10 100% 1
Company ("CMCC") per share
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI Cottonwood Land DE common stock, par value 10 100% 1
Company ("CLC") $100.00 per share
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI Cyprus Creek Land DE common stock, par value $10.00 10 100% 2
Company per share
- ------------------------------------------------------------------------------------------------------------------------------------
EACC EACC Camps, Inc. WV
(non-profit corporation)
- ------------------------------------------------------------------------------------------------------------------------------------
CPC Eastern Associated Coal wv common stock, par value $1.00 3,000 100% 2
Corp. ("EACC") per share
- ------------------------------------------------------------------------------------------------------------------------------------
CPC Eastern Royalty Corp. DE common stock, par value $1.00 100 100% 3
("ERC") per share
- ------------------------------------------------------------------------------------------------------------------------------------
GFMC Gallo Finance DE common stock, par value $10.00 10 100% 2
Company per share
- ------------------------------------------------------------------------------------------------------------------------------------
3
- --------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION
UNDER NY UCC NUMBER OF
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES
- --------------------------------------------------------------------------------------------------------------------------------
GFMC Gold Fields Chile, DE common stock, no par value 20
S.A. ("GFC")
- --------------------------------------------------------------------------------------------------------------------------------
Peabody Energy Corporation Gold Fields Mining DE common stock, par value $5.00 100
("PEC") Corporation ("GFMC") per share
- --------------------------------------------------------------------------------------------------------------------------------
GFMC Gold Fields Operating DE common stock, par value $1.00 100
Co.-Ortiz ("GFOC") per share
- --------------------------------------------------------------------------------------------------------------------------------
BCC Grand Eagle Mining, KY common stock, par value $1.00 100
Inc. ("GEMI") per share
- --------------------------------------------------------------------------------------------------------------------------------
PHCI Hayden Gulch Terminal, DE common stock, par value $10.00 10
Inc. ("HGTI") per share
- --------------------------------------------------------------------------------------------------------------------------------
IHC Highland Mining Company DE common stock, par value $10.00 10
per share
- --------------------------------------------------------------------------------------------------------------------------------
CPC Hillside Mining Company WV common stock, par value $10.00 10
per share
- --------------------------------------------------------------------------------------------------------------------------------
IHC Independence Material Handling DE common stock, par value $10.00 100
Company ("IMHC") per share
- --------------------------------------------------------------------------------------------------------------------------------
PHCI Interior Holdings Corp. DE common stock, par value 10
("IHC") $100.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
PTI James River Coal Terminal DE common stock, no par value 10
Company ("JRCTC")
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------
STOCK
PERCENTAGE OF CERTIFICATE
GRANTOR SHARES NUMBER
- --------------------------------------------------------
GFMC 100% 2
- --------------------------------------------------------
Peabody Energy Corporation 100% 4
("PEC")
- --------------------------------------------------------
GFMC 100% 1
- --------------------------------------------------------
BCC 100% 4
- --------------------------------------------------------
PHCI 100% 3
- --------------------------------------------------------
IHC 100% 1
- --------------------------------------------------------
CPC 100% 2
- --------------------------------------------------------
IHC 100% 1
- --------------------------------------------------------
PHCI 100% 1
- --------------------------------------------------------
PTI 100% 3
- --------------------------------------------------------
4
- --------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION
UNDER NY UCC NUMBER OF PERCENTAGE OF
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES SHARES
- --------------------------------------------------------------------------------------------------------------------------------
CPC Jarrell's Branch Coal Company DE common stock, par value $10.00 10 100%
per share
- --------------------------------------------------------------------------------------------------------------------------------
PHCI Juniper Coal Company ("JCC") DE common stock, par value $10.00 100 100%
per share
- --------------------------------------------------------------------------------------------------------------------------------
PWCC Kayenta Mobile Home Park, Inc. DE common stock, par value $10.00 10 100%
("KMHPI") per share
- --------------------------------------------------------------------------------------------------------------------------------
CPC Logan Fork Coal Company DE common stock, par value $10.00 10 100%
per share
- --------------------------------------------------------------------------------------------------------------------------------
CPC Martinka Coal Company ("MMCC") DE common stock, par value $10.00 10 100%
per share
- --------------------------------------------------------------------------------------------------------------------------------
PHCI Midco Supply and Equipment IL common stock, no par value 100 100%
Corporation ("MSEC")
- --------------------------------------------------------------------------------------------------------------------------------
CPC Mountain View Coal Company DE common stock, par value $1.00 100 100%
("MVCC") per share
- --------------------------------------------------------------------------------------------------------------------------------
CPC North Page Coal Corp. ("NPCC") WV common stock, par value $1.00 20,000 100%
per share
- --------------------------------------------------------------------------------------------------------------------------------
BCC Ohio County Coal Company KY common stock, par value 50 100%
("OCCC") $100.00 per share
- --------------------------------------------------------------------------------------------------------------------------------
GFMC Peabody America, Inc. ("PAI") DE common stock, par value $1.00 10 100%
per share
- --------------------------------------------------------------------------------------------------------------------------------
- ------------------------
STOCK
CERTIFICATE
GRANTOR NUMBER
- ------------------------
CPC 1
- ------------------------
PHCI 1
- ------------------------
PWCC 2
- ------------------------
CPC 1
- ------------------------
CPC 1
- ------------------------
PHCI 6
- ------------------------
CPC 4
- ------------------------
CPC 2
- ------------------------
BCC 5
- ------------------------
GFMC 2
- ------------------------
5
- ---------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION
UNDER NY UCC NUMBER OF
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES
- ---------------------------------------------------------------------------------------------------------------------------
IHC Peabody Coal Company DE common stock, par value $10.00 154,000
("PCC") per share
- ---------------------------------------------------------------------------------------------------------------------------
PHCI Peabody COALSALES Company DE common stock, par value $10.00 510
("PCCO") per share
- ---------------------------------------------------------------------------------------------------------------------------
PCCO Peabody COALTRADE, Inc. DE common stock, par value $10.00 100
("PCI") per share
- ---------------------------------------------------------------------------------------------------------------------------
PHCI Peabody Development Company DE common stock, par value $10.00 10
("PDC") per share
- ---------------------------------------------------------------------------------------------------------------------------
PEC Peabody Energy Generation DE common stock, par value $10.00 10
Holding Company per share
- ---------------------------------------------------------------------------------------------------------------------------
Thoroughbred Generating Peabody Energy DE common stock, par value $10.00 10
Company, LLC Investments, Inc. per share
- ---------------------------------------------------------------------------------------------------------------------------
PCCO Peabody Energy DE common stock, par value $10.00 100
Solutions, Inc. per share
("PESI")
- ---------------------------------------------------------------------------------------------------------------------------
PEC Peabody Holding Company, NY common stock, par value $1.00 203,840
Inc. ("PHCI") per share
- ---------------------------------------------------------------------------------------------------------------------------
Peabody Natural Peabody Southwestern Coal DE common stock, par value $10.00 10
Resources Company Company per share
- ---------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------
STOCK
PERCENTAGE OF CERTIFICATE
GRANTOR SHARES NUMBER
- --------------------------------------------------------------
IHC 100% 6
- --------------------------------------------------------------
PHCI 100% 1 (for 10 shares) 2
(for 500 shares)
- --------------------------------------------------------------
PCCO 100% 3
- --------------------------------------------------------------
PHCI 100% 9
- --------------------------------------------------------------
PEC 100% 1
- --------------------------------------------------------------
Thoroughbred Generating 100% 1
Company, LLC
- --------------------------------------------------------------
PCCO 100% 1
- --------------------------------------------------------------
PEC 100% 80
- --------------------------------------------------------------
Peabody Natural 100% 1
Resources Company
- --------------------------------------------------------------
6
- ------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION
UNDER NY UCC NUMBER OF PERCENTAGE OF
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES SHARES
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Peabody Terminals, Inc. DE common stock, par value $1.00 1,000 100%
("PTI") per share
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Peabody Venezuela Coal Corp. DE common stock, par value $10.00 10 100%
("PVCC") per share
- ------------------------------------------------------------------------------------------------------------------------------
PCC Peabody Western Coal Company DE common stock, par value $10.00 10 100%
("PWCC") per share
- ------------------------------------------------------------------------------------------------------------------------------
CPC Pine Ridge Coal Company DE common stock, par value $10.00 10 100%
("PRCCO") per share
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Pond River Land Company DE common stock, par value $10.00 10 100%
per share
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Powder River Coal Company DE common stock, par value 768 100%
("PRCC") $100.00 per share
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Rio Escondido Coal Corp. DE common stock, par value $10.00 100 100%
("RECC") per share
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Rivers Edge Mining, Inc. DE common stock, par value $10.00 10 100%
per share
- ------------------------------------------------------------------------------------------------------------------------------
GFMC Riverview Terminal Company DE common stock, par value $1.00 5,100 100%
per share
- ------------------------------------------------------------------------------------------------------------------------------
PCC Seneca Coal Company ("SCC") DE common stock, par value $10.00 10 100%
per share
- ------------------------------------------------------------------------------------------------------------------------------
- ---------------------------
STOCK
CERTIFICATE
GRANTOR NUMBER
- ---------------------------
PHCI 2
- ---------------------------
PHCI 1
- ---------------------------
PCC 1
- ---------------------------
CPC 2
- ---------------------------
PHCI 2
- ---------------------------
PHCI 5 (for 662
shares) 6 (for
106 shares)
- ---------------------------
PHCI 1
- ---------------------------
PHCI 1
- ---------------------------
GFMC 1
- ---------------------------
PCC 1
- ---------------------------
7
- ------------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION STOCK
UNDER NY UCC NUMBER OF PERCENTAGE OF CERTIFICATE
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES SHARES NUMBER
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI Sentry Mining Company DE common stock, par value 10 100% 1
("SMC") $10.00 per share
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI Snowberry Land Company DE common stock, par value 10 100% 2
("SLC") $100.00
- ------------------------------------------------------------------------------------------------------------------------------------
EACC Sterling Smokeless Coal WV common stock, par value 3,925 100% 2
Company ("SSCC") $100.00 per share
- ------------------------------------------------------------------------------------------------------------------------------------
PCC Yankeetown Dock IN common stock, no par value 1,000 100% 6 (for 400
Corporation shares) 12 (for
600 shares)
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------
Issuance No. Holder Stock Shares
- -------------------------------------------------------------------------------------------------------
01/29/03 046 BlackRock First Capital Corp. Sino Swearingen Aircraft Corp. 160
- -------------------------------------------------------------------------------------------------------
11/01/00 007 BlackRock First Capital Corp. Sino Swaringen Aircraft Corp. 27,110
- -------------------------------------------------------------------------------------------------------
12/09/02 0024 Eastern Coal WHX Corporation 24
- -------------------------------------------------------------------------------------------------------
07/02/84 28C Peabody Holding Co., Inc. Laclede's Landing Redevelopment Corporation 10,000
- -------------------------------------------------------------------------------------------------------
05/23/96 2 Gold Fields Mining Corp. Peabody America, Inc. 10
- -------------------------------------------------------------------------------------------------------
02/14/02 25966 Beaver Dam Coal Company Mirant Corporation 3.352
- -------------------------------------------------------------------------------------------------------
8
PLEDGED STOCK (FOREIGN ISSUERS)
- ------------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION STOCK
UNDER NY UCC NUMBER OF PERCENTAGE OF CERTIFICATE
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES SHARES NUMBER
- ------------------------------------------------------------------------------------------------------------------------------------
PVCC Carbones Peabody de Venezuela 3,456 shares of common 2,246 65% 1
Venezuela, C.A. stock issued, par value
1,000 Bolivars
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI NRGenerating Holdings Netherlands 400 shares of 260 65% not certificated
(No. 17) B.V. uncertificated common
stock issued, par value
NLG 100
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI NRGenerating Holdings Netherlands 400 shares of 260 65% not certificated
(No. 9) B.V. uncertificated common
stock issued, par value
NLG 100
- ------------------------------------------------------------------------------------------------------------------------------------
PCI Peabody COALTRADE Australia 12 ordinary shares 7 58% 3
Australia Pty Limited issued, par value AUS$
1.00
- ------------------------------------------------------------------------------------------------------------------------------------
PEC Peabody Energy Australia 100 ordinary shares [65] [65%] [to be issued](1)
Australia Pty Limited issued
- ------------------------------------------------------------------------------------------------------------------------------------
PHCI Peabody Minerals Pty Australia 2 ordinary shares issued [1] [50%] [to be issued]
Limited
- ------------------------------------------------------------------------------------------------------------------------------------
- --------------------------
(1) L&W currently holds stock certificate No. 1, issued by Peabody Energy
Australia Pty Limited to Peabody Energy Corporation, for 8 shares.
9
PLEDGED STOCK (JOINT VENTURES)
- ------------------------------------------------------------------------------------------------------------------------------
ISSUER'S JURISDICTION STOCK
UNDER NY UCC NUMBER OF PERCENTAGE OF CERTIFICATE
GRANTOR ISSUER SECTION 9-305(a)(2) CLASS OF STOCK SHARES SHARES NUMBER
- ------------------------------------------------------------------------------------------------------------------------------
PCC Tecumseh Coal IN 1,000 shares of common 500 50% 6
Corporation ("TCC") stock, no par value
- ------------------------------------------------------------------------------------------------------------------------------
PLEDGED PARTNERSHIP INTERESTS:
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE OF PARTNERSHIP PERCENTAGE OF OUTSTANDING PARTNERSHIP
GRANTOR ISSUER INTEREST CERTIFICATED (Y/N) INTERESTS OF THE PARTNERSHIP
- ------------------------------------------------------------------------------------------------------------------------------------
Thoroughbred, L.L.C. Black Beauty Coal Company general partnership N 81 2/3%
interest
- ------------------------------------------------------------------------------------------------------------------------------------
Charles Coal Company Colony Bay Coal Company general partnership N 1%
interest
- ------------------------------------------------------------------------------------------------------------------------------------
Eastern Associated Coal Colony Bay Coal Company general partnership N 99%
Corp. interest
- ------------------------------------------------------------------------------------------------------------------------------------
Bluegrass Coal Company Patriot Coal Company, limited partnership N 49%
L.P. interest
- ------------------------------------------------------------------------------------------------------------------------------------
Sentry Mining Company Patriot Coal Company, limited partnership N 51%
L.P. interest
- ------------------------------------------------------------------------------------------------------------------------------------
10
- ------------------------------------------------------------------------------------------------------------------------------------
TYPE OF PARTNERSHIP PERCENTAGE OF OUTSTANDING PARTNERSHIP
GRANTOR ISSUER INTEREST CERTIFICATED (Y/N) INTERESTS OF THE PARTNERSHIP
- ------------------------------------------------------------------------------------------------------------------------------------
Gold Fields Mining Peabody Natural Resources general partnership N 97%
Corporation Company interest
- ------------------------------------------------------------------------------------------------------------------------------------
Peabody America, Inc. Peabody Natural Resources general partnership N 3%
Company interest
- ------------------------------------------------------------------------------------------------------------------------------------
PLEDGED LIMITED LIABILITY COMPANY INTERESTS;
- ------------------------------------------------------------------------------------------------------------
NUMBER OF PLEDGED PERCENTAGE OF OUTSTANDING LLC
GRANTOR ISSUER CERTIFICATED (Y/N) UNITS INTERESTS OF THE ISSUER
- ------------------------------------------------------------------------------------------------------------
PDC Cyprus Creek Land N 100% 100%
Resources, LLC
- ------------------------------------------------------------------------------------------------------------
PEC Mustang Energy N 100% 100%
Company, L.L.C.
- ------------------------------------------------------------------------------------------------------------
GFMC Peabody Archveyor, L.L.C. N 100% 100%
- ------------------------------------------------------------------------------------------------------------
PDC Peabody Development Land N 100% 99%
Holdings, LLC
- ------------------------------------------------------------------------------------------------------------
PHCI Peabody Development Land N 100% 1%
Holdings, LLC
- ------------------------------------------------------------------------------------------------------------
11
- ------------------------------------------------------------------------------------------------------------------------------
NUMBER OF PLEDGED PERCENTAGE OF OUTSTANDING LLC INTERESTS OF THE
GRANTOR ISSUER CERTIFICATED (Y/N) UNITS ISSUER
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Peabody Natural Gas, N 100% 100%
LLC
- ------------------------------------------------------------------------------------------------------------------------------
PDC Peabody Recreational N 100% 100%
Lands, L.L.C.
- ------------------------------------------------------------------------------------------------------------------------------
PDC Peabody-Waterside N 100% 100%
Development, L.L.C.
- ------------------------------------------------------------------------------------------------------------------------------
PCC Pond Creek Land N 100% 100%
Resources, LLC
- ------------------------------------------------------------------------------------------------------------------------------
PDC Porcupine Production, N 100% 100%
LLC
- ------------------------------------------------------------------------------------------------------------------------------
PDC Porcupine N 100% 100%
Transportation, LLC
- ------------------------------------------------------------------------------------------------------------------------------
PEC Prairie State N 100% 100%
Generating
Company, LLC
- ------------------------------------------------------------------------------------------------------------------------------
PEC Star Lake Energy N 100% 100%
Company, L.L.C.
- ------------------------------------------------------------------------------------------------------------------------------
PHCI Thoroughbred, L.L.C. N 100% 72%
- ------------------------------------------------------------------------------------------------------------------------------
PDC Thoroughbred, L.L.C. N 100% 28%
- ------------------------------------------------------------------------------------------------------------------------------
12
- ---------------------------------------------------------------------------------------------------------------------------------
NUMBER OF PLEDGED PERCENTAGE OF OUTSTANDING LLC INTERESTS OF THE
GRANTOR ISSUER CERTIFICATED (Y/N) UNITS ISSUER
- ---------------------------------------------------------------------------------------------------------------------------------
PEC THOROUGHBRED N 100% 100%
GENERATING COMPANY,
LLC
- ---------------------------------------------------------------------------------------------------------------------------------
PEC THOROUGHBRED MINING N 100% 100%
COMPANY, L.L.C.
- ---------------------------------------------------------------------------------------------------------------------------------
PLEDGED NOTES; SEE ANNEX A, ATTACHED HERETO.
- --------------------------------------------------------------------------------
GRANTOR ISSUER PAYEE PRINCIPAL AMOUNT
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
PLEDGED DEBT SECURITIES: NONE.
PLEDGED COMMODITY CONTRACTS: NONE.
PLEDGED TRUST INTERESTS: NONE.
DEPOSIT ACCOUNTS AND SECURITIES ACCOUNTS: SEE ANNEX B, ATTACHED HERETO.
- ------------------------------------------------------------------------------
GRANTOR NAME OF DEPOSITARY BANK ACCOUNT NUMBER ACCOUNT NAME
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
ANNEX A
I. INTEREST BEARING INTERCOMPANY PROMISSORY NOTES
- ------------------------------------------------------------------------------------------------------
Date of Note Borrower Lender Amount
- ------------------------------------------------------------------------------------------------------
Sept 30, 1998 Gallo Finance PNRC $ 27,500,000.00
- ------------------------------------------------------------------------------------------------------
Replacement Note Gold Fields Mining Peabody Energy $ 570,000,000.00
03/19/03 to 08/10/99 Corp Corporation
- ------------------------------------------------------------------------------------------------------
June 30, 1998 Peabody Energy Gallo Finance $ 230,000,000.00
Corporation
- ------------------------------------------------------------------------------------------------------
March 01, 2001 PHCI PCT Australia O/S Interco Balance
- ------------------------------------------------------------------------------------------------------
March 31, 1999 Peabody Holding Co PNRC $ 107,000,000.00
- ------------------------------------------------------------------------------------------------------
Replacement note Coal Properties PHCI O/S Interco Balance
03/19/03 to 10/28/92
- ------------------------------------------------------------------------------------------------------
Sept 30, 1994 PHCI PRCC $ 325,000,000.00
- ------------------------------------------------------------------------------------------------------
Replacement note PHCI Caballo Coal Co O/S Interco Balance
03/19/03 to 03/31/98
- ------------------------------------------------------------------------------------------------------
May 1, 1999 PHCI PNRC O/S Interco Balance
- ------------------------------------------------------------------------------------------------------
Replacement note PWCC Big Sky Coal Co O/S Balance $15 million
03/19/03 to Mar 31,
1998
- ------------------------------------------------------------------------------------------------------
March 31, 1999 Thoroughbred LLC PHCI $ 150,733,766.15
- ------------------------------------------------------------------------------------------------------
March 21, 2003 Black Beauty Coal Co Peabody Energy O/S InterCo Balance
Corporation
- ------------------------------------------------------------------------------------------------------
March 21, 2003 Arclar Company LLC Peabody Energy O/S Interco Balance
Corporation
- ------------------------------------------------------------------------------------------------------
II. OTHER PROMISSORY NOTES
- ----------------------------------------------------------------------------------------------------
Date of Note Borrower Lender Amount
- ----------------------------------------------------------------------------------------------------
Jan 24, 2001 White Mountain Mining EACC $2,000,000.00
- ----------------------------------------------------------------------------------------------------
April 10, 2001 Asset Holdings, LLC Cook Mountain Coal Co. $9,112,521.00
- ----------------------------------------------------------------------------------------------------
III. PROMISSORY NOTES: PEABODY ENERGY CORPORATION TO
ORIGINATORS PURSUANT TO SALE AGREEMENT (AR SECURITIZATION)
- ----------------------------------------------------------------------------------
Date of Note Borrower Lender
- ----------------------------------------------------------------------------------
February 20, 2002 Peabody Energy Eastern Associated Coal Corp.
Corporation
- ----------------------------------------------------------------------------------
February 20, 2002 Peabody Energy Powder River Coal Company
Corporation
- ----------------------------------------------------------------------------------
A-l
- -----------------------------------------------------------------------------
February 20, 2002 Peabody Energy Corporation Peabody COALTRADE, Inc.
- -----------------------------------------------------------------------------
February 20, 2002 Peabody Energy Corporation Big Sky Coal Company
- -----------------------------------------------------------------------------
February 20, 2002 Peabody Energy Corporation Caballo Coal Company
- -----------------------------------------------------------------------------
February 20, 2002 Peabody Energy Corporation Peabody COALSALES Company
- -----------------------------------------------------------------------------
February 20, 2002 Peabody Energy Corporation Peabody Coal Company
- -----------------------------------------------------------------------------
February 20, 2002 Peabody Energy Corporation Peabody Western Coal Company
- -----------------------------------------------------------------------------
IV. INTERCOMPANY NON-INTEREST BEARING PROMISSORY NOTES (IN FAVOR OF EITHER
PARTY)
- ------------------------------------------------------------------------------------------------------
Date of Note Party I Party II
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Interior Holding Corp.
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Peabody Development Company
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Peabody Holding Company, Inc
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Peabody Energy Corporation
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Peabody Natural Gas LLC
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Gold Fields Mining Corporation
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Powder River Coal Company
- ------------------------------------------------------------------------------------------------------
09/09/00 Rivers Edge Mining, Inc. Coal Properties Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Coal Properties Corp.
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Energy Corporation Peabody Natural Gas, LLC
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Gold Fields Mining Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Peabody Development Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Peabody Holding Company, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
03/16/00 P & L Receivables Company LLC Peabody Energy Corporation
- ------------------------------------------------------------------------------------------------------
A-2
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Energy Corporation Powder River Coal Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Holding Company, Inc. Gold Fields Mining Corporation
- ------------------------------------------------------------------------------------------------------
06/09/98 Powder River Coal Company Coal Properties Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Powder River Coal Company Peabody Development Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Powder River Coal Company Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Powder River Coal Company Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Coal Properties Corp. Peabody Holding Company, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Coal Properties Corp. Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Holding Company, Inc. Peabody Development Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Holding Company, Inc. Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Holding Company, Inc. Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Development Company Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody COALSALES Company Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Gold Fields Mining Corporation Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Gold Fields Mining Corporation Powder River Coal Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Interior Holdings Corp. Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Natural Gas, LLC Powder River Coal Company
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Natural Gas, LLC Peabody Holding Company, Inc.
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Natural Gas, LLC Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Coal Properties Corp. Peabody Development Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Coal Properties Corp. Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Coal Properties Corp. Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Development Company Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Development Company Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody COALSALES Company Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Gold Fields Mining Corporation Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Gold Fields Mining Corporation Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Gold Fields Mining Corporation Peabody Development Company
- ------------------------------------------------------------------------------------------------------
11/22/99 Gold Fields Mining Corporation Peabody Natural Gas, LLC
- ------------------------------------------------------------------------------------------------------
06/09/98 Gold Fields Mining Corporation Coal Properties Corp.
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Natural Gas, LLC Peabody Terminals, Inc.
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Natural Gas, LLC Coal Properties Corp.
- ------------------------------------------------------------------------------------------------------
A-3
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Natural Gas, LLC Peabody Development Company
- ------------------------------------------------------------------------------------------------------
11/22/99 Peabody Natural Gas, LLC Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Powder River Coal Company Peabody Holding Company, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Powder River Coal Company Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
06/09/98 Peabody Holding Company, Inc. Interior Holdings Corp.
- ------------------------------------------------------------------------------------------------------
03/16/00 P & L Receivables Company LLC Peabody Holding Company, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Lee Ranch Coal Company Peabody Holding Company, Inc.
- ------------------------------------------------------------------------------------------------------
06/09/98 Lee Ranch Coal Company Gold Fields Mining Corporation
- ------------------------------------------------------------------------------------------------------
06/09/98 Lee Ranch Coal Company Peabody COALSALES Company
- ------------------------------------------------------------------------------------------------------
06/09/98 Lee Ranch Coal Company Peabody Natural Resources Co.
- ------------------------------------------------------------------------------------------------------
06/09/98 Lee Ranch Coal Company Peabody Energy Corporation
- ------------------------------------------------------------------------------------------------------
A-4
ANNEX B
PEABODY ENERGY: BANK ACCOUNTS PER COMPANY
CO# ACCOUNT NAME PURPOSE BANK ACCOUNT #
- -------------------------------------------------------------------------------------------------------
698 Arid Operations
General Wells Fargo Bank 0768046724
849 Big Ridge. Inc
AP Bank One 643623259
Payroll Bank One 643623234
732 Big Sky Coal Company
AP Bank One 0927376
General Bank One 1045640
Payroll Bank One 0927155
Working Fund Forsyth State Bank 5291015761
748 Bluegrass Coal Company
AP Bank One 0927252
Payroll Bank One 0945311
Receipts PNC Bank 1008971404
751 Eastern Associated Coal
AP Bank One 0927287
General Bank One 1045632
Payroll Bank One 0927201
751 Eastern Associated Coal (Bald Knob)
Working Fund First Century Bank 485
751 Eastern Associated Coal (EACC Conservancy Grp)
Working Fund Boone County Bank 100001767
751 Eastern Associated Coal (Federal)
Working Fund One Valley Bank 1000301
March 17, 2003
Page 1 of 6
CO# ACCOUNT NAME PURPOSE BANK ACCOUNT #
- -------------------------------------------------------------------------------------------------------
751 Eastern Associated Coal (Hart Hat Coal)
Escrow One Valley Bank 3516883453
751 Eastern Associated Coal (Rocklick)
Working Fund First Century Bank 4000323
751 Eastern Associated Coal (Wells)
Working Fund Boone National Bank 260012203
692 Gallo Finance Company
General Bank One 1000439
699 Gold Fields Chile, S.A.
General Banco Bice 040237484900
696 Gold Fields Mining Company
AP Bank One 0927457
Payroll Bank One 0927465
Receipts PNC Bank 1008971447
695 Gold Fields Mining Corporation
General Bank One 5163722
General Wells Fargo 8230133878
729 Highland Mining Company
AP Bank One 0940643
Payroll Bank One 0940650
Working Fund Bank One 1049980
938 Independence Material Handling
General Bank One 1009414
March 17, 2003
Page 2 of 6
CO# ACCOUNT NAME PURPOSE BANK ACCOUNT #
- --------------------------------------------------------------------------------------------------------------------
700 Lee Ranch Coal Company
AP Bank One 0927228
Medical Bank One 0926246
Payroll Bank One 0927236
Working Fund Grants State Bank 023372
Receipts PNC Bank 1008971439
743 Patriot Coal Company, L.P.
Working Fund Ohio Valley National Bank 6039129
589 Peabody America, Inc.
General Bank One 1000421
727 Peabody Coal Company
Working Fund 1st Kentucky Bank 90002127
AP Bank One 0927430
General Bank One 1045590
Payroll Bank One 0927147
Workers Comp (KY) Bank One 0927368
727 Peabody Coal Company(Camps Business Unit)
Working Fund Old National Bank 17439523
975 Peabody CoalSales Co. SL
AP Bank One 0927279
General Bank One 1045616
Payroll Bank One 0927120
976 Peabody CoalSales CO. WV
General Bank One 1045624
March 17, 2003
Page 3 of 6
CO# ACCOUNT NAME PURPOSE BANK ACCOUNT #
- -----------------------------------------------------------------------------------------------------------------------------
980 Peabody CoalTrade
AP Bank One 0927414
General Bank One 1059492
Working Fund United National Bank 043158690
983 Peabody CoalTrade Australia
General Bank One 1070515
General National Australia Bank Limited 532146641
970 Peabody Development Company
AP Bank One 0927406
Land Agent Bank One 1043041
Land Agent Converse National Bank 1025188
Working Fund Ohio Valley National Bank 7014206
Receipts PNC Bank 1008971295
999 Peabody Energy Australia Pty. Ltd
General National Australia Bank Limited 537028433
690 Peabody Energy Corporation
* Investment AG Edwards 260372246
AP Bank One 0945204
General Bank One 5153964
General Fleet National Bank 9429129844
* Investment Merrill Lynch 3337457
Concentration PNC Bank 1014305539
* Investment PNC Bank 1014305539WCM
*SECURITIES ACCOUNTS
March 17,2003
Page 4 of 6
CO# ACCOUNT NAME PURPOSE BANK ACCOUNT #
- --------------------------------------------------------------------------------------------------------------
810 Peabody Holding Company
AP Bank One 0927341
Payroll Bank One 0927295
Working Fund Firstar Bank 4346847686
Lockbox PNC Bank 1008971375
Working Fund United National Bank 042875090
972 Peabody Natural Gas, LLC
AP Bank One 0942433
Working Fund Bank One 1061480
Lockbox PNC Bank 1011569694
691 Peabody Natural Resources
General Bank One 1000413
973 Peabody Recreational Lands, LLC
Working Fund Bank One 10-49444
987 Peabody Terminals, Inc
General Bank One 1079847
722 Peabody Western Coal Co.
AP Bank One 0927384
General Bank One 1045665
Payroll Bank One 0927325
722 Peabody Western Coal Co. (Arizona Complex)
Working Fund Wells Fargo Bank 4159523356
728 Pina Ridge Coal Company
Escrow One Valley Bank 2000777248
Working Fund Whitesville State Bank 0106286
March 17, 2003
Page 5 of 6
CO# ACCOUNT NAME PURPOSE BANK ACCOUNT #
- -----------------------------------------------------------------------------------------------------
746 Powder River Coal Company
AP Bank One 0927392
General Bank One 1045608
Payroll Bank One 0927198
Working Fund First Interstate Bank 45003787
816 Rivers Edge Mining, Inc.
AP Bank One 0944652
Payroll Bank One 0944660
Working Fund Boone County Bank 100005792
734 Seneca Coal Company
AP Bank One 0927244
Payroll Bank One 0927163
Working Fund First Nat'l Bk of the Rockies 005371
March 17, 2003
Page 6 of 6
Schedule 3
FILINGS AND OTHER ACTIONS
REQUIRED TO PERFECT SECURITY INTERESTS
UNIFORM COMMERCIAL CODE FILINGS (INCLUDING FIXTURE FILINGS)
Uniform Commercial Code Filings made under the Original Guarantee and Collateral
Agreement and Uniform Commercial Code Filings indicated on Schedule 4.17 to the
Credit Agreement.
PATENT AND TRADEMARK FILINGS
Second Notice of Successor Administrative Agent filed in the Patent and
Trademark Office
ACTIONS WITH RESPECT TO INVESTMENT PROPERTY
Possession by the Administrative Agent of Pledged Stock and Pledged Notes.
SCHEDULE 4
LOCATION OF JURISDICTION OF ORGANIZATION AND CHIEF EXECUTIVE OFFICE
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICER
- ------- --------------- ------------------ -----------------------
Affinity Mining Company West Virginia N/A 202 Laidley Tower, P.O.
Box 1233
Charleston, WV 25324
Arid Operations Inc. Delaware 2286827 14062 Denver West
Parkway
Suite 110
Golden, CO 80401-3301
Beaver Dam Coal Delaware 0051912 701 Market Street, Suite
Company 725
St.Louis, MO 63101
Big Ridge, Inc. Illinois 52632455 617 East Church Street
Harrisburg, IL 62946
Big Sky Coal Company Delaware 2275343 P.O. Box 97
Colstrip, MT 59323
Black Walnut Coal Delaware 3608784 701 Market Street
Company St. Louis, MO 63101
Bluegrass Coal Company Delaware 2194776 701 Market Street, Suite
710
St. Louis, MO 63101-
1826
Caballo Coal Company Delaware 2434159 1013 Boxelder
Caller Box 3037
Gillette, WY 82718
Charles Coal Company Delaware 0890191 202 Laidley Tower, P.O.
Box 1233
Charleston, WV 25324
Cleaton Coal Company(1) Delaware 3132602 701 Market Street
Suite 703
- ----------------------------------
(1) Formerly Peabody Enterprises I (11/99).
2
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
- ------- ------------ ------------------ ----------------------
St. Louis, MO 63101
Coal Properties Corp. Delaware 0892175 202 Laidley Tower
Charleston, WV 25324
Colony Bay Coal West Virginia N/A 202 Laidley Tower
Company P.O. Box 1233
Charlestown, WV 25324
Cook Mountain Coal Delaware 2382790 202 Laidley Tower
Company Charleston, WV 25324
Cottonwood Land Delaware 2532896 301 N. Memorial Drive,
Company Suite 334
St. Louis, MO 63102
Cyprus Creek Land Delaware 3464943 701 Market Street, Suite
Company 772
St. Louis, MO 63101
Cyprus Creek Land Delaware 3499598 701 Market Street, Suite
Resources, LLC 775
St. Louis, MO 63101
EACC Camps, Inc. West Virginia N/A 202 Laidley Tower
Charleston, WV 25324
Eastern Associated Coal West Virginia N/A 202 Laidley Tower
Corp. Charleston, WV 25324
Eastern Royalty Corp. Delaware 0891106 202 Laidley Tower, P.O.
Box 1233
Charleston, WV 25324
Gallo Finance Company Delaware 2910170 701 Market Street, Suite
713
St. Louis, MO 63101
Gold Fields Chile, S.A. Delaware 0881562 14062 Denver West
Parkway
Suite 110
Golden, CO 80401-3301
3
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
- ------- ------------ ------------------ ----------------------
Gold Fields Mining Delaware 0205409 14062 Denver West
Corporation Parkway
Suite 110
Golden, CO 80401-3301
Gold Fields Operating Co. Delaware 0850162 14062 Denver West
- -Ortiz Parkway
Suite 110
Golden, CO 80401-3301
Grand Eagle Mining, Inc.(2) Kentucky 0322906 19070 Highway 1078
South
Henderson, KY 42420
Hayden Gulch Terminal, Delaware 2308288 P.O. Box 882323
Inc. Steamboat Springs, CO
80488
Highland Mining Delaware 3039050 701 Market Street, Suite
Company 724
St. Louis, MO 63101-
1826
Hillside Mining West Virginia N/A 202 Laidley Tower
Company (3) Charleston, WV 25324
independence Material Delaware 2630732 701 Market Street, Suite
Handling Company 840
St. Louis, MO 63101
Interior Holdings Corp. Delaware 2457594 701 Market Street, Suite
730
St. Louis, MO 63101-
1826
James River Coal Delaware 2029836 701 Market Street, Suite
Terminal Company 702
St. Louis, MO 63101-
- ----------------------------------
(2) Patriot Coal Company, L.P. owned until 05/01; stock distributed to Bluegrass
Coal Company (05/01).
(3) Formerly Blackrock First Capital (10/00).
4
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
- ------- ------------ ------------------ ----------------------
1826
Jarrell's Branch Coal Delaware 3464952 701 Market Street, Suite
Company 774
St. Louis, MO 63101
Juniper Coal Company Delaware 2608316 701 Market Street, Suite
716
St. Louis, MO 63101
Kayenta Mobile Home Delaware 2428872 P.O. Box 605
Park, Inc. Kayenta, AZ 86033
Logan Fork Coal Delaware 3464948 701 Market Street, Suite
Company 773
St. Louis, MO 63101
Martinka Coal Company Delaware 2296711 202 Laidley Tower, P.O.
Box 815
Charleston, WV 25324-
0004
Midco Supply and Illinois 39182149 P.O. Box 14542
Equipment Corporation St. Louis, MO 63178
Mountain View Coal Delaware 2038466 202 Laidley Tower
Company Charleston, WV 25334-
0004
Mustang Energy Delaware 3280065 701 Market Street, Suite
Company, L.L.C.(4) 953
St. Louis, MO 63101
North Page Coal Corp. West Virginia N/A 202 Laidley Tower, P.O.
Box 1233
Charleston, WV 25324
Ohio County Coal Kentucky 0266492 19070 Highway 1078
Company(5) South
- ----------------------------------
(4) Formerly PG Investments Seven, L.L.C. (07/20/01).
(5) Patriot Coal Company, L.P. owned until 05/01; stock distributed to Bluegrass
Coal Company (05/01).
5
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
- ------- ------------ ------------------ ----------------------
Henderson, KY 42420
Patriot Coal Company, Delaware 2395067 19070 Highway 1078
L.P. South
Henderson, KY 42420
Peabody America, Inc. Delaware 2313002 701 Market Street, Suite
720
St. Louis, MO 63101-
1826
Peabody Archveyor, Delaware 3280072 701 Market Street, Suite
L.L.C.(6) 751
St. Louis, MO 63101
Peabody Coal Company Delaware 0654720 701 Market Street, Suite
765
St. Louis, MO 63101
Peabody COALSALES Delaware 2299706 701 Market Street, Suite
Company 830
St. Louis, MO 63101-
1826
Peabody COALTRADE, Delaware 2370740 701 Market Street, Suite
Inc. 835
St. Louis, MO 63101
Peabody Development Delaware 0941815 301 North Memorial
Company Drive
Suite 300
St. Louis, MO 63102
Peabody Development Delaware 3130470 701 Market Street, Suite
Land Holdings, LLC 700
St. Louis, MO 63101
Peabody Energy Delaware 2864939 701 Market Street, Suite
Corporation(7) 760
- ----------------------------------
(6) Formerly PG Investments Ten, L.L.C. (10/00).
(7) Formerly P&L Coal Holdings Corporation (04/10/01).
6
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
------- ------------ ------------------ ----------------------
St. Louis, MO 63101
Peabody Energy Delaware 3464956 701 Market Street, Suite
Generation Holding 930
Company St. Louis, MO 63101
Peabody Energy Delaware 3477608 701 Market Street, Suite
Investments, Inc.(8) 717
St. Louis, MO 63101
Peabody Energy Delaware 2646429 701 Market Street, Suite
Solutions, Inc. 845
St. Louis, MO 63101
Peabody Holding New York N/A 701 Market Street, Suite
Company, Inc. 700
St. Louis, MO 63101
Peabody Natural Gas, Delaware 3130473 701 Market Street, Suite
LLC 740
St. Louis, MO 63101
Peabody Natural Delaware 3282772 701 Market Street, Suite
Resources Company 718
St. Louis, MO 63101
Peabody Recreational Delaware 3246282 701 Market Street, Suite
Lands, L.L.C.(9) 920
St. Louis, MO 63101
Peabody Southwestern Delaware 3062901 701 Market Street, Suite
Coal Company 718
St. Louis, MO 63101-
1826
Peabody Terminals, Inc. Delaware 0935080 701 Market Street, Suite
712
St. Louis, MO 63101-
1826
- ---------------------
(8) Formerly Thoroughbred Mining Company (01/21/02).
(9) Formerly Williams Fork Mountain Ranch, L.L.C. (06/00).
7
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
------- ------------ ------------------ ----------------------
Peabody Venezuela Coal Delaware 2296642 701 Market Street, Suite
Corp. 715
St. Louis, MO 63101-
1826
Peabody-Waterside Delaware 3590141 701 Market Street, Suite
Development, L.L.C. 921
St. Louis, MO 63101
Peabody Western Coal Delaware 2366532 P.O. Box 605
Company Kayenta, AZ 86033
Pine Ridge Coal Delaware 2438332 202 Laidley Tower
Company Charleston, WV 25324
Pond Creek Land Delaware 3499599 701 Market Street, Suite
Resources, LLC 776
St. Louis, MO 63101
Pond River Land Delaware 3464941 701 Market Street, Suite
Company(10) 771
St. Louis, MO 63101
Porcupine Production, Delaware 3130476 701 Market Street Suite
LLC 700
St. Louis, MO 63101
Porcupine Transportation, Delaware 3130477 701 Market Street, Suite
LLC 700
St. Louis, MO 63101
Powder River Coal Delaware 0786705 1013 East Boxelder
Company Gillette, WY 82718
Prairie State Generating Delaware 3443150 701 Market Street, Suite
Company LLC 781
St. Louis, MO 63101
Rio Escondido Coal Corp. Delaware 2329401 P.O. Box 66746
St. Louis, MO 63166
- --------------------------
(10) Formerly held by Peabody Development Company; stock distributed to PHCI
(03/06/02).
8
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
------- ------------ ------------------ ----------------------
Rivers Edge Mining, Delaware 3132605 701 Market Street, Suite
Inc.(11) 910
St. Louis, MO 63101
Riverview Terminal Delaware 0836889 14062 Denver West
Company(12) Parkway
Suite 110
Golden, CO 80401-3301
Seneca Coal Company Delaware 2366529 Drawer D
Hayden, CO 81639
Sentry Mining Company Delaware 2194777 701 Market Street, Suite
701
St. Louis, MO 63101-
1826
Snowberry Land Delaware 2534641 301 N. Memorial Drive,
Company Suite 333
St. Louis, MO 63102
Star Lake Energy Delaware 3280066 701 Market Street
Company, L.L.C.(13) 6th Floor-Suite 951
St. Louis, MO 63101
Sterling Smokeless Coal West Virginia N/A 202 Laidley Tower, P.O.
Company Box 1233
Charleston, WV 25324
Thoroughbred, L.L.C. Delaware 2426941 701 Market Street, Suite
815
St. Louis, MO 63101-
1826
Thoroughbred Generating Delaware 3280067 701 Market Street, Suite
Company, LLC(14) 780
- ----------------------------
(11) Formerly Peabody Enterprises II until 09/06/00, then Lem Branch Energy,
Inc. from 09/07/00 to 09/20/00.
(12) Formerly Darius Gold Mine, Inc. (04/01).
(13) Formerly PG Investments Eight, L.L.C. (07/20/01).
(14) Formerly PG Investments Nine, L.L.C. (08/00).
9
JURISDICTION OF ORGANIZATIONAL
COMPANY ORGANIZATION IDENTIFICATION NO. CHIEF EXECUTIVE OFFICE
------- ------------ ------------------ ----------------------
St. Louis, MO 63101
Thoroughbred Mining Delaware 3483717 701 Market Street, Suite
Company, L.L.C. 721
St. Louis, MO 63101
Yankeetown Dock Indiana 193090A031 P.O. Box 159
Corporation(15) Newburgh, IN 47629-
0159
- -----------------------------
(15) Peabody Coal Company purchased 60% of outstanding shares from Amax Coal
Company to take full control (100%) (08/27/01).
SCHEDULE 5
LOCATIONS OF EQUIPMENT AND INVENTORY
Name of Facility and Mailing Address
North Antelope Mine
341A Antelope Road
Wright, WY 82732
Rochelle Mine
339B Antelope Road
Wright, WY 82732
Caballo Mine
2298 Bishop Road
Gillette, WY 82718
Rawhide Mine
12433 North Hwy. 59
Gillette, WY 82716
Black Mesa Mine
Highway 160 North
Kayenta, AZ 86033
Kayenta Mine
P.O. Box 605
Highway 160 North
Kayenta, AZ 86033
Big Sky Mine
P.O. Box 97
Colstrip, MT 59323
Seneca Mine
36600 Routt County Rd. 27
Hayden, CO 81639
Big Mountain No. 16 Mine
50 School House Road
Seth, WV 25181
Federal #2 Mine
Rt. 1, Box 144
Fairview, WV 26570
2
Hernshaw 14P
P.O. Box 29
Wharton, WV 25028
Colony Bay
P.O. Box 150
Wharton, WV 25208
Winifrede 13
P.O. Box 29
Wharton, WV 25208
Winifrede 14
P.O. Box 29
Wharton, WV 25208
Winifrede 15
P.O. Box 29
Wharton, WV 25208
Campbells Creek 10
P.O. Box 29
Wharton, WV 25208
Campbells Creek 11B
P.O. Box 29
Wharton, WV 25208
Rivers Edge
P.O. Box 2588
Charleston, WV 25339
Williams Mountain
50 School House Road
Seth, WV 25181
Harris #1 Mine
HCR Box 40
Twilight, WV 25204
Lightfoot No. 2 Mine
Rt. 85
Wharton, WV 25208
Gibraltar P&L
P.O. Box 510
Central City, KY 42330
3
Patriot Mine
19060 Highway 1078 South
Henderson, KY 42420
Big Run Mine
1550 Grove Street
Centertown, KY 42328
Freedom Mine
19050 Highway 1078 South
Henderson, KY 42420
Lee Ranch Mine
P.O. Box 757
Grants, NM 87020
Highland Mine
P.O. Box 569
Morganfield, KY 42437
Headquarters
701 Market Street
St. Louis, Missouri 63101
301 N. Memorial Drive
St. Louis, Missouri 63102
Charleston Office
Laidley Tower
Charleston, WV 25301
Henderson Office
1970 Barrett Court
P.O. Box 1990
Henderson, KY 42419
Midwest Business Unit
1100 State Rt. 175 South
P.O. Box 148
Graham, KY 42344
Peabody Recreational Lands
9801 Risden School Road
Marissa, IL 62257
4
Williams Fork Mountain Ranch
County Road 53
Hayden, CO 81639
Gillette Office
12433 North Highway 59
Gilette, WY 82716
Wharton Central Storage
P.O. Box 210
Wharton, WV 25208
Gold Fields Office
14062 Denver West Parkway
Golden, CO 80401
SCHEDULE 6
INTELLECTUAL PROPERTY
PATENTS
UNITED STATES-
PATENT
TITLE NUMBER OWNER
- -------------------------------------------------------------------------------
NOISE-SUPPRESSING AIR INTAKE 4,736,816 Peabody Coal Company
FOR VENTILATION FANS
- -------------------------------------------------------------------------------
BRAKE SYSTEM 4,821,873 Peabody Coal Company
- -------------------------------------------------------------------------------
CONVEYOR BELT CLEANER AND 4,925,008 Peabody Coal Company
METHOD FOR CLEANING A
CONVEYOR BELT
- -------------------------------------------------------------------------------
SWITCHING AND TESTING SYSTEM 4,841,159 Peabody Coal Company
- -------------------------------------------------------------------------------
SWITCHING AND TESTING SYSTEM 4,876,514 Peabody Coal Company
- -------------------------------------------------------------------------------
STRETCHER FOR USE IN MINES 5,134,738 Peabody Coal Company
- -------------------------------------------------------------------------------
DC POWER CONTROL SYSTEM 4,612,595 Peabody Coal Company
- -------------------------------------------------------------------------------
METHOD OF AND APPARATUS 5,003,236 Peabody Coal Company
FOR MOVING ELECTRICALLY
POWERED MINING EQUIPMENT
- -------------------------------------------------------------------------------
DRILL PIPE HANDLING APPARATUS 4,897,009 Peabody Coal Company
- -------------------------------------------------------------------------------
VIBRATING DEEP RIPPER 4,850,434 Peabody Coal Company
- -------------------------------------------------------------------------------
LOCK FOR TROLLEY CONNECTOR 5,097,103 Peabody Coal Company
- -------------------------------------------------------------------------------
TOOL FOR INSTALLING CUTTING 5,071,183 Peabody Coal Company
BLADES ON GRADERS
- -------------------------------------------------------------------------------
MINE VENTILATION TUBING 5,217,406 Peabody Coal Company
SYSTEM AND METHOD OF
INSTALLATION
- -------------------------------------------------------------------------------
CONVEYOR BELT LIFT 5,680,925 Eastern Associated Coal
APPARATUS Corporation
- -------------------------------------------------------------------------------
TRADEMARKS
MARK: SENECA
United States 1,303,393 Peabody Coal Company
- ----------------------------------------------------------------------------
SCHEDULE 7 - CONTRACTS
Page 1 of 3
- -----------------------------------------------------------------------------------------------------
EFFECTIVE
DATE BUYER SELLER
- -----------------------------------------------------------------------------------------------------
07/01/01 Aco Minas Gerais S.A., COSIPA Overseas Peabody COALTRADE, Inc.
Ltd. and Usinas Siderurgicas de Minas
Gerais S.A.
- -----------------------------------------------------------------------------------------------------
07/2/02 AEP Energy Services, Inc. St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
01/01/94 A. E. Staley Sagamore Black Beauty Coal Company
- -----------------------------------------------------------------------------------------------------
01/01/97 A. E. Staley South Black Beauty Coal Company
- -----------------------------------------------------------------------------------------------------
07/01/92 Ag Processing, Inc. Powder River Coal Company
- -----------------------------------------------------------------------------------------------------
01/01/99 Alabama Power Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------
01/01/99 Alabama Power Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------
01/01/02 Alliant Energy Corporate Services, Inc., Caballo Coal Company
agent for IES Utilities Inc., Wisconsin Power
and Light Company and Interstate Power
Company
- -----------------------------------------------------------------------------------------------------
01/01/02 Alliant Energy Corporate Services, Inc., Caballo Coal Company
agent for IES Utilities Inc., Wisconsin Power
and Light Company and Interstate Power
Company
- -----------------------------------------------------------------------------------------------------
01/01/02 Alliant Energy Corporate Services, Inc., Powder River Coal Company
agent for IES Utilities Inc., Wisconsin Power
and Light Company and Interstate Power
Company
- -----------------------------------------------------------------------------------------------------
12/19/01 Ameren Energy Fuels & Services St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
01/01/02 Ameren Hutsonville Black Beauty Coal Company
- -----------------------------------------------------------------------------------------------------
01/01/00 Ameren Services Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------
07/13/01 American Electric Power Service St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
07/24/01 American Electric Power Service St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
11/01/01 Archer Daniels Midland Company Caballo Coal Company
- -----------------------------------------------------------------------------------------------------
01/01/01 Arizona Electric Power Cooperative Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------
10/01/00 Arizona Public Service Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------
11/02/01 Atlantic City Electric Company St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
01/15/03 Board of Public Utilities of Springfield, Powder River Coal Company
Missouri
- -----------------------------------------------------------------------------------------------------
12/01/99 Colorado Springs Utilities Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------
01/01/01 Constellation Power Source Generation, Inc. Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------
01/26/00 Dayton Power & Light Co. St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
12/18/00 Detroit Edison Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------
01/01/02 Detroit Edison Company Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------
9/29/00 Detroit Edison Company St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
04/01/02 Dofasco, Inc. Peabody COALTRADE, Inc.
- -----------------------------------------------------------------------------------------------------
08/24/01 Dynegy Marketing and Trade St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------
11/01/01 Eastman Kodak Company Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------
12/10/02 Entergy Arkansas, Inc. Caballo Coal Company
- -----------------------------------------------------------------------------------------------------
SCHEDULE 7 - CONTRACTS
Page 2 of 3
01/01/02 Fremont Department of Utilities Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
8/24/01 Fremont Department of Utilities St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------------
06/01/00 Global Stone Chemstone Corporation Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
07/31/01 Grand River Dam Authority Caballo Coal Company
- -----------------------------------------------------------------------------------------------------------
07/01/94 Gulf Power Company Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
11/01/02 Indiana Masonic Home Black Beauty Coal Company
- -----------------------------------------------------------------------------------------------------------
04/05/93 Indiana-Kentucky Electric Corporation Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
05/22/02 Industrial Quimica Del Nalon S. A. St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------------
12/27/99 Kansas City Power and Light Company Caballo Coal Company
- -----------------------------------------------------------------------------------------------------------
08/01/02 Lee Alan Bryant Black Beauty Coal Company
- -----------------------------------------------------------------------------------------------------------
01/01/02 Louisville Gas & Electric Black Beauty Coal Company
- -----------------------------------------------------------------------------------------------------------
12/01/98 MidAmerican Energy Company - Master Caballo Coal Company and Powder
Agreement River Coal Company
- -----------------------------------------------------------------------------------------------------------
10/08/01 Midwest Generation LLC Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
05/07/01 Mirant Americas Energy Marketing, LP Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
05/26/76 MOHAVE PROJECT Peabody Western Coal Company
- Southern California Edison Company
- Salt River Agricultural Improvement
and Power District
- Nevada Power Company
- Department of Water and Power of
the City of Los Angeles
- -----------------------------------------------------------------------------------------------------------
05/26/76 NAVAJO PROJECT Peabody Western Coal Company
- Salt River Agricultural Improvement
and Power District
- Arizona Public Service Company
- Tucson Gas and Electric Company
- Nevada Power Company
- Department of Water and Power of
the City of Los Angeles
- -----------------------------------------------------------------------------------------------------------
06/01/00 Northern States Power Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
09/04/01 Northern States Power Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
10/18/02 Northern States Power Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
01/01/02 NRG Power Marketing Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
12/15/02 NRG Power Marketing Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
07/01/92 Ohio Power Company Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
01/01/02 Ohio Power Company Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
01/01/02 Ontario Power Generation, Inc. Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
06/21/02 Ontario Power Generation, Inc. St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------------
03/03/03 Ontario Power Generation, Inc. St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------------
01/01/02 Orion Power Midwest, L.P. Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
01/01/02 P. H. Glatfelter Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
01/01/01 PC Kentucky Synfuels #3 LLC Peabody Coal Company
- -----------------------------------------------------------------------------------------------------------
SCHEDULE 7 - CONTRACTS
Page 3 of 3
10/01/01 PC Kentucky Synfuels #3 LLC Peabody Coal Company
- -----------------------------------------------------------------------------------------------------------
11/21/99 Peabody COALSALES Company Caballo Coal Company and Powder
River Coal Company
- -----------------------------------------------------------------------------------------------------------
07/01/02 Purdue Stoker Black Beauty Coal Company
- -----------------------------------------------------------------------------------------------------------
01/01/03 Reliant Energy Mid-Atlantic Power Holdings, LLC Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
01/01/02 Salt River Project Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
12/31/99 Stora Enso North America Corp. (formerly Powder River Coal Company
Consolidated Papers, Inc.)
- -----------------------------------------------------------------------------------------------------------
01/01/01 Tampa Electric Company Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
10/31/02 The Empire District Electric Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
01/01/02 Trigen Syracuse Energy Corporation Peabody COALSALES Company
- -----------------------------------------------------------------------------------------------------------
1/2/03 TUCO Inc. St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------------
10/15/83 Western Fuels Association, Inc. Lee Ranch Coal Company
- -----------------------------------------------------------------------------------------------------------
09/27/02 Wisconsin Electric Power Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
09/27/02 Wisconsin Electric Power Company Powder River Coal Company
- -----------------------------------------------------------------------------------------------------------
11/15/02 Zinc Corporation of America St. Louis COALTRADE
- -----------------------------------------------------------------------------------------------------------
Schedule 8
LETTER OF CREDIT RIGHTS
None.
ACKNOWLEDGEMENT AND CONSENT
The undersigned hereby acknowledges receipt of a copy of the Amended
and Restated Guarantee and Collateral Agreement dated as of March______, 2003
(the "Agreement"), made by the Peabody Entities parties thereto for the benefit
of Fleet National Bank, as Administrative Agent. The undersigned agrees for the
benefit of the Secured Parties as follows:
(a) The undersigned will be bound by the terms of the Agreement
and will comply with such terms insofar as such terms are applicable to the
undersigned.
(b) The undersigned will notify the Administrative Agent promptly
in writing of the occurrence of any of the events described in Section 5.8(a) of
the Agreement.
(c) The terms of Sections 6.3 and 6.7 of the Agreement shall apply
to it, mutatis mutandis, with respect to all actions that may be required of it
pursuant to Section 6.3 or 6.7 of the Agreement.
[NAME OF ISSUER]
By
Title
Address for Notices:
Fax:
Annex 1 to
Guarantee and Collateral Agreement
ASSUMPTION AGREEMENT, dated as of___________________, 20__, made by
__________________________, a________________[corporation] (the ["Additional
Grantor"] ["Additional Guarantor"]), in favor of Fleet National Bank, as
administrative agent (in such capacity, the "Administrative Agent") for the
other Agents and the banks and other financial institutions (the "Lenders")
parties to the Credit Agreement referred to below. All capitalized terms not
defined herein shall have the meaning ascribed to them in such Credit Agreement.
W I T N E S S E T H:
WHEREAS, Peabody Energy Corporation, a Delaware corporation (the
"Borrower"), the Lenders, Wachovia Bank, National Association and Lehman
Commercial Paper Inc., each as Syndication Agent, Morgan Stanley Senior Funding,
Inc. and [_______________], each as Documentation Agent, Fleet Securities Inc.,
Wachovia Securities, Inc. and Lehman Brothers Inc., each as Arranger, and the
Administrative Agent have entered into a Second Amended and Restated Credit
Agreement, dated as of March [____], 2003, (as amended, supplemented, restated
or otherwise modified from time to time, the "Credit Agreement");
WHEREAS, in connection with the Credit Agreement, the Borrower and
certain of its Subsidiaries (other than the Additional [Grantor][Guarantor])
have entered into the Amended and Restated Guarantee and Collateral Agreement,
dated as of March [_____], 2003 (as amended, supplemented, restated or otherwise
modified from time to time, the "Guarantee and Collateral Agreement") in favor
of the Administrative Agent for the benefit of the Secured Parties;
WHEREAS, [the Credit Agreement requires the Additional
[Grantor][Guarantor]][the Additional Grantor has elected] to become a party to
the Guarantee and Collateral Agreement; and
WHEREAS, the Additional [Grantor][Guarantor] has agreed to execute and
deliver this Assumption Agreement in order to become a party to the Guarantee
and Collateral Agreement;
NOW, THEREFORE, IT IS AGREED:
1. Guarantee and Collateral Agreement. By executing and delivering this
Assumption Agreement, the Additional [Grantor][Guarantor], as provided in
Section 8.15 of the Guarantee and Collateral Agreement, hereby becomes a party
to the Guarantee and Collateral Agreement as a [Grantor][Guarantor] thereunder
with the same force and effect as if originally named therein as a
[Grantor][Guarantor] and, without limiting the generality of the foregoing,
hereby expressly assumes all obligations and liabilities of a
[Grantor][Guarantor] thereunder. The information set forth in Annex 1-A hereto
is hereby added to the information set forth in Schedules___________________* to
the Guarantee and Collateral Agreement. The Additional
- ------------------------
* Refer to each Schedule which needs to be supplemented.
[Grantor][Guarantor] hereby represents and warrants that each of the
representations and warranties contained in Section 4 of the Guarantee and
Collateral Agreement is true and correct on and as the date hereof (after giving
effect to this Assumption Agreement) as if made on and as of such date.
2. GOVERNING LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first above written.
[ADDITIONAL [GRANTOR][GUARANTOR]]
By: ______________________________
Name:
Title: