Coal and Lignite Surface Mining Business in Kentucky

Sale of Assets relating to the McCoy Elkhorn mining complex (the “Bevins Assets” & "Burke Assets") known as "“McCoy Elkhorn Assets”, described as below:

1) Bevins Assets for $3,100,000 - The Assets consist of James River’s and its subsidiaries’, including McCoy Elkhorn’s, right, title and interest in, to and under the following assets relating to the McCoy Elkhorn mining complex:

(i) The real property and leases; (ii) all facilities, fixtures and improvements located on the Real Property as of May 1, 2014, including the mine facilities, mine infrastructure and mine apparatus; (iii) all personal property and trade fixtures located in the Main Office Building, Safety Building, and both Warehouse Buildings; (iv) all machinery and equipment located on the Real Property as of May 1, 2014; (v) all coal inventory located on the Real Property; (vi) all transferable licenses, permits or other governmental authorizations; (vii) $250,000.00 on deposit in the escrow account of Baird & Baird; (viii) the contracts, agreements, leases, licenses and commitments; (ix) all books and records related to the Purchased Assets and Assumed Liabilities; and (x) right to use the name McCoy Elkhorn Coal Corporation.

2) Burke Assets for $444,970.49 - James River’s and its subsidiaries’ and McCoy Elkhorn’s right, title and interestin, to and under the following assets relating to the McCoy Elkhorn Burke mining complex located on or near Long Fork of Johns Creek, near the community of Kimper, in Pike County, Kentucky:

(i) The real property and leases of, and other interests in, real property; (ii) the facilities and improvements located on the Real Property including the mine facilities, mine infrastructure and mine apparatus; (iii)all machinery and equipment at the McCoy Elkhorn Burke mining complex; (iv) all coal inventory located at the McCoy Elkhorn Burke mining complex; (v) all transferable licenses, permits or other overnmental authorizations relating to the McCoy Elkhorn Burke mining complex; (vi) all contracts, agreements, leases, licenses and commitments; (vii) all books, surveys, logs, maps, documents and other records related to the Purchased Burke Assets and Assumed Liabilities; (viii) All manufacturer’s, vendors’ and suppliers’ warranties to the extent they are transferable; (ix) all claims and defenses that James River has or may have against third parties relating to the Purchased Burke Assets; and (x) all insurance benefits, including rights and proceeds, arising from or relating to the Purchased Burke Assets or the Assumed Liabilities.

All Sale Assets are fully described on the attached PDF.