AMENDMENT NO. 1 TO SECOND CONTRIBUTION AGREEMENT
EXHIBIT 2.1
THIS AMENDMENT NO. 1 TO THE SECOND CONTRIBUTION AGREEMENT (this “Amendment”) is made
and entered into as of this 18th day of April, 2007, by and among Natural Resource Partners L.P., a
Delaware limited partnership (the “Partnership”); NRP (GP) LP, a Delaware limited
partnership and the general partner of the Partnership (the “General Partner”); NRP
(Operating) LLC, a Delaware limited liability company and a wholly owned subsidiary of the
Partnership (“Buyer”); Foresight Reserves LP, a Nevada limited partnership
(“Parent”); and Adena Minerals, LLC, a Delaware limited liability company and wholly owned
subsidiary of Parent (“Seller”). Capitalized terms used herein but not otherwise defined
herein shall have the meanings ascribed to them in the Agreement (as defined below).
WITNESSETH:
WHEREAS, the Partnership, the General Partner, Buyer, Parent and Seller have previously
entered into the Second Contribution Agreement dated as of January 4, 2007 (the
“Agreement”);
WHEREAS, the Partnership has approved a two-for-one unit split of its Common Units, its
Subordinated Units and its Class B Units to be effective as of April 18, 2007 (collectively, the
“Unit Splits”);
WHEREAS, the Partnership has approved an amendment and restatement to the Partnership
Agreement in connection with the Unit Splits; and
WHEREAS, the parties hereto desire to amend the Agreement to reflect the Unit Splits.
NOW, THEREFORE, for and in consideration of the foregoing and the respective representations,
warranties, covenants, agreements and conditions set forth herein and in the Agreement, the parties
agree as follows:
1. | The definition of “Transaction Units” in Article I shall be deleted and replaced with the following definition: |
“Transaction Units” means an aggregate of 4,560,000 Common Units;
provided, however, that if the Partnership has not obtained
Unitholder Approval for the issuance of the Transaction Units, “Transaction
Units” shall mean 4,560,000 Class B Units.
2. | The definition of “Partnership Agreement” in Article I shall be deleted and replaced with the following definition: |
“Partnership Agreement” means the Third Amended and Restated Agreement
of Limited Partnership of the Partnership dated as of April 18, 2007.
3. | The clause “and except as expressly set forth in this Agreement or the other Transaction Documents, there are outstanding” found in the third sentence of Section 4.2(a) shall be deleted and replaced with the following: |
and except as expressly set forth in this Agreement or the other Transaction
Documents or the Partnership SEC Documents, there are outstanding
4. | A new section 10.18 shall be added to Article X as follows: |
10.18 Anti-Dilution. Wherever in this Agreement there is a reference to
a specific number of units of the Partnership of any class or series, or a price
per unit or consideration received in respect of such unit, then, upon the
occurrence of any subdivision, combination, or unit dividend or unit
distribution of such class or series, the specific number of units or the price
so referenced in this Agreement shall automatically be proportionately adjusted
to reflect the effect on the outstanding units of such class or series by such
subdivision, combination, dividend or distribution such that after any such
event, the number of Transaction Units immediately after such action, if such
Transactions Units were issued and outstanding, represent the same Percentage
Interest (as defined in the Partnership Agreement) as the Transaction Units
immediately prior to such action, if such Transaction Units were issued and
outstanding.
5. | The provisions of this Amendment shall be effective upon the consummation of the Unit Splits. | ||
6. | Except as expressly amended hereby, all other terms and provisions of the Agreement shall continue in full force and effect. |
[SIGNATURE PAGES FOLLOW]
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first above written.
BUYER: | ||||
NRP (Operating) LLC | ||||
By: | /s/ Xxxx Xxxxxx | |||
Xxxx Xxxxxx | ||||
President and Chief Operating Officer | ||||
THE GENERAL PARTNER: | ||||
NRP (GP) LP | ||||
By: | GP Natural Resource Partners LLC, | |||
its general partner | ||||
By: | /s/ Xxxx Xxxxxx | |||
Xxxx Xxxxxx | ||||
President and Chief Operating Officer | ||||
THE PARTNERSHIP: | ||||
Natural Resource Partners L.P. | ||||
By: | NRP (GP) LP, its general partner | |||
By: | GP Natural Resource Partners LLC, | |||
its general partner | ||||
By: | /s/ Xxxx Xxxxxx | |||
Xxxx Xxxxxx | ||||
President and Chief Operating Officer |
PARENT: | ||||
FORESIGHT RESERVES LP | ||||
By: | INSIGHT RESOURCE, LLC, | |||
its general partner | ||||
By: | /s/ Xxxxxx Xxxxxxx | |||
Xxxxxx Xxxxxxx | ||||
Authorized Person | ||||
SELLER: | ||||
ADENA MINERALS, LLC | ||||
By: | /s/ Xxxxxx Xxxxxxx | |||
Xxxxxx Xxxxxxx | ||||
Authorized Person |