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CONTRIBUTING AGREEMENT

Contribution Agreement

CONTRIBUTING AGREEMENT You are currently viewing:
This Contribution Agreement involves

NATURAL RESOURCE PARTNERS LP | DINGESS-RUM PROPERTIES, INC

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Title: CONTRIBUTING AGREEMENT
Governing Law: West Virginia     Date: 12/20/2006
Industry: CCOALL     Sector: ENERGY

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Exhibit 2.1

CONTRIBUTION AGREEMENT

by and among

DINGESS-RUM PROPERTIES, INC.,

as Seller

and

NATURAL RESOURCE PARTNERS L.P.

and

WPP LLC,

as Buyer

December 19, 2006

 


 

TABLE OF CONTENTS

 

 

 

 

 

 

 

 

 

ARTICLE 1

 

 

 

 

 

 

DEFINITIONS AND INTERPRETATIONS

 

 

 

 

 

 

 

 

 

 

 

1.1

 

Definitions

 

 

1

 

1.2

 

Interpretations

 

 

1

 

 

 

 

 

 

 

 

 

 

ARTICLE 2

 

 

 

 

 

 

CONTRIBUTION OF ASSETS

 

 

 

 

 

 

 

 

 

 

 

2.1

 

Contribution

 

 

2

 

2.2

 

Excluded Assets

 

 

2

 

2.3

 

Consideration

 

 

3

 

2.4

 

The Closing

 

 

3

 

2.5

 

Effective Time

 

 

3

 

2.6

 

Deliveries at the Closing

 

 

3

 

 

 

 

 

 

 

 

 

 

ARTICLE 3

 

 

 

 

 

 

REPRESENTATIONS AND WARRANTIES OF DRPI

 

 

 

 

 

 

 

 

 

 

 

3.1

 

Representations as to DRPI and Transaction

 

 

5

 

3.2

 

Representations and Warranties Concerning the Assets

 

 

7

 

 

 

 

 

 

 

 

 

 

ARTICLE 4

 

 

 

 

 

 

REPRESENTATIONS AND WARRANTIES OF BUYER AND THE PARTNERSHIP

 

 

 

 

 

 

 

 

 

 

 

4.1

 

Representations and Warranties of Buyer and the Partnership

 

 

10

 

 

 

 

 

 

 

 

 

 

ARTICLE 5

 

 

 

 

 

 

COVENANTS

 

 

 

 

 

 

 

 

 

 

 

5.1

 

Conduct of Business.

 

 

13

 

5.2

 

Cooperation and Reasonable Efforts; DRPI Stockholder Approval

 

 

14

 

5.3

 

Possession and Retention of and Access to the Records

 

 

14

 

5.4

 

Restrictions on Transfer.

 

 

15

 

5.5

 

Transaction Units.

 

 

15

 

 

 

 

 

 

 

 

 

 

ARTICLE 6

 

 

 

 

 

 

CONDITIONS TO CLOSING

 

 

 

 

 

 

 

 

 

 

 

6.1

 

DRPI’s Conditions

 

 

17

 

6.2

 

Buyer’s and the Partnership’s Conditions

 

 

18

 

 

 

 

 

 

 

 

 

 

ARTICLE 7

 

 

 

 

 

 

TERMINATION

 

 

 

 

 

 

 

 

 

 

 

7.1

 

Termination at or Prior to Closing

 

 

18

 

7.2

 

Effect of Termination

 

 

19

 

 


 

 

 

 

 

 

 

 

 

 

ARTICLE 8

 

 

 

 

 

 

REMEDIES FOR BREACHES OF AGREEMENT

 

 

 

 

 

 

 

 

 

 

 

8.1

 

Survival of Representations, Warranties and Covenants

 

 

19

 

8.2

 

Indemnification Provisions for Benefit of Buyer and the Partnership.

 

 

20

 

8.3

 

Indemnification Provisions for Benefit of DRPI.

 

 

21

 

8.4

 

Determination of Adverse Consequences

 

 

22

 

8.5

 

Notice of Asserted Liability; Opportunity to Defend.

 

 

22

 

 

 

 

 

 

 

 

 

 

ARTICLE 9

 

 

 

 

 

 

TAX MATTERS

 

 

 

 

 

 

 

 

 

 

 

9.1

 

Cooperation on Tax Matters.

 

 

24

 

9.2

 

Certain Taxes

 

 

25

 

9.3

 

Audits

 

 

25

 

9.4

 

Control of Proceedings

 

 

25

 

9.5

 

Powers of Attorney

 

 

25

 

9.6

 

Remittance of Refunds

 

 

25

 

9.7

 

Allocation of Consideration

 

 

26

 

9.8

 

Closing Tax Certificate

 

 

26

 

9.9

 

Treatment of Assets

 

 

26

 

 

 

 

 

 

 

 

 

 

ARTICLE 10

 

 

 

 

 

 

MISCELLANEOUS

 

 

 

 

 

 

 

 

 

 

 

10.1

 

Insurance

 

 

26

 

10.2

 

Press Releases and Public Announcements

 

 

27

 

10.3

 

No Third Party Beneficiaries

 

 

27

 

10.4

 

Succession and Assignment

 

 

27

 

10.5

 

Counterparts

 

 

27

 

10.6

 

Notices

 

 

27

 

10.7

 

Personnel

 

 

28

 

10.8

 

Governing Law

 

 

28

 

10.9

 

Consent to Jurisdiction and Service of Process; Appointment of Agent for Service of Process

 

 

28

 

10.10

 

Waiver of Jury Trial

 

 

29

 

10.11

 

Entire Agreement

 

 

29

 

10.12

 

Severability

 

 

29

 

10.13

 

Transaction Expenses

 

 

30

 

10.14

 

Waiver

 

 

30

 

10.15

 

Drafting

 

 

30

 

10.16

 

Further Assurances

 

 

30

 

 


 

EXHIBITS

 

 

 

Exhibit A:

 

Definitions

 

 

 

Exhibit B: