EXHIBIT 2.1 May 20, 2008 National Coal Corp. 8915 George Williams Road Knoxville, TN Attention: Daniel A. Roling President and Chief Executive Officer Telephone: (865) 690-6900 RE: EXCHANGE OF THE NOTES FOR COMMON STOCK Ladies and Gentlemen: This...Exchange Agreement • May 27th, 2008 • National Coal Corp • Bituminous coal & lignite surface mining • New York
