FOURTH AMENDMENT DATED AS OF SEPTEMBER 9, 2016 TO Note Purchase Agreements dated as of June 19, 2003 Re: Issued by NRP (OPERATING) LLCNatural Resource Partners Lp • September 12th, 2016 • Bituminous coal & lignite surface mining • New York
Reference is made to (i) the separate Note Purchase Agreements each dated as of June 19, 2003 (as amended and supplemented from time to time, collectively, the “Note Agreements”), by and between NRP (Operating) LLC, a Delaware limited liability company (the “Company”), and the holders of the Notes (as defined below) (collectively, the “Holders”), (ii) the $60,000,000 initial aggregate principal amount of 5.55% Senior Notes, Series A, due June 19, 2023, of the Company (the “Series A Notes”), (iii) the $80,000,000 initial aggregate principal amount of 4.91% Senior Notes, Series B, due June 19, 2018, of the Company (the “Series B Notes”), (iv) the $100,000,000 initial aggregate principal amount of 5.05% Senior Notes, Series D, due July 19, 2020, of the Company (the “Series D Notes”), (v) the $225,000,000 initial aggregate principal amount of 5.82% Senior Notes, Series E, due March 28, 2024, of the Company (the “Series E Notes”), (vi) the $150,000,000 initial aggregate principal amount of
