Exhibit 10.4
FIRST AMENDMENT TO GUARANTEE AND COLLATERAL AGREEMENT
FIRST AMENDMENT, dated as of August 6, 2004 (this "First
Amendment"), to the Guarantee and Collateral Agreement, dated as of May 28, 2004
(as amended, supplemented or modified from time to time, the "Collateral
Agreement"), among ANR HOLDINGS, LLC, a Delaware limited liability company
("Holdings"), ALPHA NATURAL RESOURCES, LLC, a Delaware limited liability company
(the "Borrower"), certain Subsidiaries of the Borrower and CITICORP NORTH
AMERICA, INC., as administrative agent (in such capacity, the "Administrative
Agent") and as collateral agent (in such capacity, the "Collateral Agent").
W I T N E S S E T H:
WHEREAS, Holdings, the Borrower and the Collateral Agent, among
others, are parties to the Collateral Agreement;
WHEREAS, Holdings and the Borrower have requested that the Lenders
agree to amend certain provisions of the Collateral Agreement as set forth in
this First Amendment; and
WHEREAS, the Lenders whose signatures appear below, constituting at
least the Required Lenders, are willing to amend the Collateral Agreement on the
terms and subject to the conditions set forth herein;
NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and in consideration of the
premises contained herein, the parties hereto agree as follows:
1. Defined Terms. Capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed to such terms in the Collateral
Agreement.
2. Amendment to Section 4.7. Section 4.7(f) of the Collateral
Agreement is hereby amended by adding the following words at the end of such
Section:
"(other than in each case for purposes of this clause (f) the
shareholders agreement and related documentation relating to the Permitted
Excelven Investments and any rights of first refusal, purchase options and
similar contractual rights contained therein)"
3. Amendment to Section 5.8. Section 5.8(b) of the Collateral
Agreement is hereby amended by adding the following words immediately prior to
the beginning of clause (i) thereof:
"or in connection with the shareholders agreement and related
documentation relating to the Permitted Excelven Investments, including any
rights of first refusal, purchase options and similar contractual rights
contained therein"
4. Representations and Warranties. In order to induce the other
parties hereto to enter into this First Amendment, Holdings and the Borrower
represent and warrant to each other party hereto that, after giving effect to
this First Amendment: (a) the representations and warranties set forth in each
Loan Documents shall be true and correct in all material respects
on and as of the date hereof with the same effect as though made on and as of
such date, except to the extent such representations and warranties relate to an
earlier date, in which case such representations and warranties shall be true
and correct in all material respects on and as of such earlier date, provided
that the references to the Collateral Agreement in such representations and
warranties shall be deemed to refer to the Collateral Agreement as amended
pursuant to this First Amendment and (b) no Event of Default or Default shall
have occurred and be continuing.
5. Conditions to Effectiveness of this First Amendment. This
First Amendment shall become effective on the date (the "First Amendment
Effective Date") on which:
(a) The Administrative Agent shall have received duly executed and
delivered counterparts of this First Amendment that, when taken together, bear
the signatures of Holdings, the Borrower and the Required Lenders.
(b) The Borrower shall have paid to the Administrative Agent all
outstanding fees, costs and expenses owing to the Administrative Agent as of
such date.
(c) The Administrative Agent shall have received such additional
documentation as the Administrative Agent may reasonably require.
6. Continuing Effect; No Other Amendments. Except as expressly
set forth in this First Amendment, all of the terms and provisions of the
Collateral Agreement are and shall remain in full force and effect and each of
Holdings and the Borrower shall continue to be bound by all of such terms and
provisions. The amendments provided for herein are limited to the specific
subsections of the Collateral Agreement specified herein and shall not
constitute an amendment of, or an indication of the Administrative Agent's,
Collateral Agent's or the Lenders' willingness to amend or waive, any other
provisions of the Collateral Agreement or the same subsections for any other
date or purpose. This First Amendment shall constitute a Loan Document.
7. Expenses. The Borrower agrees to pay and reimburse the
Collateral Agent and the Administrative Agent for all its reasonable
out-of-pocket costs and expenses incurred in connection with the development,
preparation and execution and delivery of this First Amendment, and any other
documents prepared in connection herewith, and the transactions contemplated
hereby, including, without limitation, reasonable fees and disbursements and
other charges of counsel to the Administrative Agent and the charges of
IntraLinks.
8. Counterparts. This First Amendment may be executed by one or
more of the parties to this First Amendment on any number of separate
counterparts and all of said counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of an executed signature page
of this First Amendment by facsimile transmission shall be effective as delivery
of a manually executed counterpart hereof. A set of the copies of this First
Amendment signed by all the parties shall be lodged with the Borrower and the
Administrative Agent. The execution and delivery of this First Amendment by the
Borrower, the Lenders party hereto and the Administrative Agent shall be binding
upon the Loan Parties, the Lenders, the Agents and all future holders of the
Loans.
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9. Effect of Amendment. On the First Amendment Effective Date,
the Collateral Agreement shall be amended as provided herein. The parties hereto
acknowledge and agree that (a) this First Amendment and any other Loan Documents
executed and delivered in connection herewith do not constitute a novation, or
termination of the "Obligations" (as defined in the Collateral Agreement) under
the Collateral Agreement as in effect prior to the First Amendment Effective
Date; (b) such "Obligations" are in all respects continuing (as amended hereby)
with only the terms thereof being modified to the extent provided in this First
Amendment; and (c) the Liens and security interests as granted under the
Security Documents securing payment of such "Obligations" are in all respects
continuing and in full force and effect and secure the payment of the
"Obligations".
10. GOVERNING LAW. THIS FIRST AMENDMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS FIRST AMENDMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
[SIGNATURE PAGES FOLLOW]
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IN WITNESS WHEREOF, the parties hereto have caused this First
Amendment to be executed and delivered by their respective duly authorized
officers as of the date first above written.
ANR HOLDINGS, LLC
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: President
ALPHA NATURAL RESOURCES, LLC
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: President
CITICORP NORTH AMERICA, INC.,
as Administrative Agent and as Collateral Agent,
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Title: Vice President
SIGNATURE PAGE TO FIRST AMENDMENT DATED AS OF AUGUST 6, 2004, TO THE ALPHA
NATURAL RESOURCES, LLC GUARANTEE AND COLLATERAL AGREEMENT DATED AS OF MAY
28, 2004, AS AMENDED
To Approve the First Amendment:
Name of Institution:
CREDIT SUISSE FIRST BOSTON, ACTING THROUGH ITS CAYMAN ISLANDS BRANCH
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Director
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title: Associate
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SIGNATURE PAGE TO FIRST AMENDMENT DATED AS OF AUGUST 6, 2004, TO THE ALPHA
NATURAL RESOURCES, LLC GUARANTEE AND COLLATERAL AGREEMENT DATED AS OF MAY
28, 2004, AS AMENDED
To Approve the First Amendment:
Name of Institution:
UBS LOAN FINANCE LLC
By: /s/ ▇▇▇▇▇▇▇ ▇. Saint
Name: ▇▇▇▇▇▇▇ ▇. Saint
Title: Director
By: /s/ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Associate Director
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SIGNATURE PAGE TO FIRST AMENDMENT DATED AS OF AUGUST 6, 2004, TO THE ALPHA
NATURAL RESOURCES, LLC GUARANTEE AND COLLATERAL AGREEMENT DATED AS OF MAY
28, 2004, AS AMENDED
To Approve the First Amendment:
Name of Institution:
SOCIETE GENERALE
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Director
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SIGNATURE PAGE TO FIRST AMENDMENT DATED AS OF AUGUST 6, 2004, TO THE ALPHA
NATURAL RESOURCES, LLC GUARANTEE AND COLLATERAL AGREEMENT DATED AS OF MAY
28, 2004, AS AMENDED
To Approve the First Amendment:
Name of Institution:
▇▇▇▇▇▇ ▇▇▇▇▇▇▇ SENIOR FUNDING, INC.
By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇
Name: ▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: Vice President
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SIGNATURE PAGE TO FIRST AMENDMENT DATED AS OF AUGUST 6, 2004, TO THE ALPHA
NATURAL RESOURCES, LLC GUARANTEE AND COLLATERAL AGREEMENT DATED AS OF MAY
28, 2004, AS AMENDED
To Approve the First Amendment:
Name of Institution:
BRANCH BANKING AND TRUST COMPANY
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
Title: Vice President
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