AMENDMENT NO. 2 TO BUSINESS LOAN AGREEMENTBusiness Loan Agreement • November 24th, 2008 • Westmoreland Coal Co • Bituminous coal & lignite surface mining • Montana
THIS AMENDMENT NO. 2 TO BUSINESS LOAN AGREEMENT (the “Agreement”) dated and made effective as of November 20, 2008 (the “Effective Date”), by and among WESTMORELAND RESOURCES, INC., a Delaware corporation (“Borrower”) and WESTMORELAND COAL COMPANY, a Delaware corporation (“Guarantor”), and FIRST INTERSTATE BANK, a Montana banking corporation (together with any subsequent holder or holders of the Notes, the “Lender”).
CHANGE IN TERMS AGREEMENTChange in Terms Agreement • November 24th, 2008 • Westmoreland Coal Co • Bituminous coal & lignite surface mining
Description of Collateral: 10,000 SHARES OF WESTMORELAND RESOURCES STOCK PLEDGED BY WESTMORELAND COAL COMPANY AND ALL INVENTORY, CHATTEL PAPER, ACCOUNTS, GENERAL INTANGIBLES AND EQUIPMENT OF WESTMORELAND RESOURCES, INC.
