Common Contracts

CONFIDENTIAL December 22, 2008 Ms. Lisa A. Honnold Tampa, FL 33607 Dear Lisa:

Employment Agreement • February 28th, 2011 • Walter Energy, Inc. • Bituminous coal & lignite mining

• Contract Type
  Employment Agreement
• Filed
  February 28th, 2011
• Company
  Walter Energy, Inc.
• Industry
  Bituminous coal & lignite mining

The terms of your employment with Walter Industries, Inc. (the “Company”) are currently governed by a letter employment agreement dated March 14, 2006 (the “Original Agreement”). New tax rules under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) require that certain provisions of our Original Agreement be amended. Accordingly, you and the Company hereby amend the terms of your employment as set forth below. To the extent the terms of this letter agreement are inconsistent with the terms of the Original Agreement, the terms of this letter agreement will control.

CONFIDENTIAL December 22, 2008 Mr. Charles C. Stewart Birmingham, AL 35222-1204 Dear Chuck:

Employment Agreement • May 7th, 2010 • Walter Energy, Inc. • Bituminous coal & lignite mining

• Contract Type
  Employment Agreement
• Filed
  May 7th, 2010
• Company
  Walter Energy, Inc.
• Industry
  Bituminous coal & lignite mining

The terms of your employment with United Land Corporation and Sloss Industries Corporation (together, the “Company”) are currently governed by a letter employment agreement dated July 30, 2007 (the “Original Agreement”). New tax rules under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) require that certain provisions of our Original Agreement be amended. Accordingly, you and the Company hereby amend the terms of your employment as set forth below. To the extent the terms of this letter agreement are inconsistent with the terms of the Original Agreement, the terms of this letter agreement will control.