Back to top

CONTRIBUTION AGREEMENT

Contribution Agreement

CONTRIBUTION AGREEMENT You are currently viewing:
This Contribution Agreement involves

NATURAL RESOURCE PARTNERS LP | NRP (GP) LP | NRP (Operating) LLC | Foresight Reserves LP | Adena Minerals, LLC

. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here.
Title: CONTRIBUTION AGREEMENT
Governing Law: West Virginia     Date: 12/15/2006
Industry: CCOALL     Sector: ENERGY

Search Contribution Agreement by:

Document Title:

Entire Document: (optional)

50 of the Top 250 law firms use our Products every day
exv2w1
 

Exhibit 2.1

CONTRIBUTION AGREEMENT

by and among

Natural Resource Partners L.P.,

NRP (GP) LP,

NRP (Operating) LLC,

as Buyer,

and

Foresight Reserves LP,

and

Adena Minerals, LLC

as Seller

Dated

December 14, 2006

 


 

TABLE OF CONTENTS

 

 

 

 

 

 

 

Page

ARTICLE I CERTAIN DEFINITIONS

 

 

2

 

 

 

 

 

 

1.1 Certain Defined Terms

 

 

2

 

1.2 Other Definitional Provisions

 

 

17

 

1.3 Headings

 

 

17

 

1.4 Other Terms

 

 

17

 

 

 

 

 

 

ARTICLE II THE TRANSACTION

 

 

17

 

 

 

 

 

 

2.1 The Transaction

 

 

17

 

2.2 Aggregate Consideration

 

 

18

 

2.3 Contribution by the General Partner

 

 

18

 

2.4 Effective Time

 

 

18

 

 

 

 

 

 

ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLER PARTIES

 

 

18

 

 

 

 

 

 

3.1 Organization, Good Standing and Authority of Seller Parties

 

 

18

 

3.2 Title to LLC Interests

 

 

19

 

3.3 Organization, Good Standing, Authority, Capitalization of Acquired Companies

 

 

19

 

3.4 Consents

 

 

20

 

3.5 No Conflicts

 

 

21

 

3.6 Laws and Regulations

 

 

21

 

3.7 Authorizations

 

 

21

 

3.8 Properties

 

 

22

 

3.9 Taxes

 

 

24

 

3.10 Remedial Work

 

 

25

 

3.11 Insurance

 

 

25

 

3.12 Material Contracts

 

 

26

 

3.13 Intellectual Property

 

 

26

 

3.14 Broker’s or Finder’s Fees

 

 

26

 

3.15 Employees

 

 

27

 

3.16 Employee Benefit Plans

 

 

27

 

3.17 Financial Statements; Absence of Undisclosed Liabilities; Books and Records

 

 

27

 

3.18 Environmental Matters

 

 

28

 

3.19 Litigation

 

 

29

 

3.20 Bankruptcy

 

 

29

 

3.21 Absence of Certain Changes

 

 

30

 

3.22 Reserves

 

 

30

 

3.23 Affiliate Relationships

 

 

30

 

3.24 Forecasts

 

 

30

 

3.25 Investor Status

 

 

30

 

3.26 Status of Securities; Disposition

 

 

31

 

i


 

 

 

 

 

 

 

 

Page

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF THE PARTNERSHIP, THE GENERAL PARTNER AND BUYER

 

 

32

 

 

 

 

 

 

4.1 Organization, Standing and Power

 

 

32

 

4.2 Capital Structure of the Partnership and the General Partner

 

 

32

 

4.3 Authority; No Violations, Consents and Approvals

 

 

33

 

4.4 SEC Documents

 

 

34

 

4.5 Absence of Certain Changes or Events

 

 

35

 

4.6 Litigation

 

 

35

 

4.7 Broker’s or Finder’s Fees

 

 

35

 

4.8 Investment Intent

 

 

36

 

4.9 Taxes

 

 

36

 

 

 

 

 

 

ARTICLE V COVENANTS

 

 

37

 

 

 

 

 

 

5.1 Conduct of Business

 

 

37

 

5.2 Access, Information and Access Indemnity

 

 

39

 

5.3 Regulatory Filings

 

 

40

 

5.4 Preservation and Access to Records; and Further Assurances

 

 

40

 

5.5 Payoff of Obligations

 

 

41

 

5.6 Cooperation and Reasonable Efforts

 

 

41

 

5.7 Tax Matters

 

 

41

 

5.8 Financial Statements; Controls and Procedures

 

 

43

 

5.9 Transfer Taxes

 

 

43

 

5.10 Tax Treatment of Aggregate Consideration

 

 

43

 

5.11 Transaction Units; General Partner Limited Partnership Interest

 

 

44

 

5.12 Amended and Restated Partnership Agreement; Amended and Restated General Partner Partnership Agreement

 

 

45

 

5.13 Amended and Restated Managing General Partner Operating Agreement

 

 

46

 

5.14 Restricted Business Contribution Agreement

 

 

46

 

5.15 Investor Rights Agreement

 

 

46

 

5.16 Second Contribution Agreement

 

 

46

 

5.17 Services Agreement

 

 

46

 

5.18 No Material Change

 

 

46

 

5.19 WVA Backstop Agreement

 

 

47

 

5.20 TIC Letter Agreement

 

 

47

 

 

 

 

 

 

ARTICLE VI CONDITIONS TO CLOSING

 

 

48

 

 

 

 

 

 

6.1 Seller Parties’ Conditions

 

 

48

 

6.2 Buyer’s Conditions

 

 

48

 

 

 

 

 

 

ARTICLE VII CLOSING

 

 

49

 

 

 

 

 

 

7.1 Time and Place of Closing

 

 

49

 

7.2 Deliveries at Closing

 

 

49

 

 

 

 

 

 

ARTICLE VIII TERMINATION

 

 

52

 

 

 

 

 

 

8.1 Termination at or Prior to Closing

 

 

52

 

ii


 

 

 

 

 

 

 

 

Page

8.2 Effect of Termination

 

 

53

 

 

 

 

 

 

ARTICLE IX INDEMNIFICATION

 

 

54

 

 

 

 

 

 

9.1 Survival

 

 

54

 

9.2 Indemnification by the Partnership, the General Partner and Buyer

 

 

55

 

9.3 Indemnification by Seller Parties

 

 

55

 

9.4 Certain Limitations

 

 

56

 

9.5 Notice of Asserted Liability; Opportunity to Defend

 

 

58

 

9.6 Exclusive Remedy

 

 

59

 

9.7 Limitation on Damages