James River Coal MOTION FOR ENTRY OF AN ORDER EXTENDING DEBTORS’ EXCLUSIVE PERIODS $JRCC $JRCCQ

• By this motion (this “Motion”), the Debtors seek an order, substantially in the form attached hereto as Exhibit A, pursuant to section 1121(d) of the Bankruptcy Code, extending by 100 days (i) the exclusive period for the Debtors to file a chapter 11 plan (the “Exclusive Filing Period”) from August 5, 2014 through and including November 13, 2014, and (ii) the exclusive period for the Debtors to solicit acceptances thereof (the “Exclusive Solicitation Period” and, together with the Exclusive Filing Period, the “Debtors’ Exclusive Periods”) from October 4, 2014 through and including January 12, 2015
• In connection with the Strategic Transaction Bidding Procedures, the Debtors, with the assistance of their restructuring professionals, have actively and publicly engaged in a marketing process for (i) the sale of all or any part of the Debtors’ businesses or (ii) a contribution of capital in connection with a stand-alone plan of reorganization. Thus far, the Debtors have received various Preliminary Indications of Interest from potential strategic and financial bidders and are continuing to make progress towards their goal of consummating a value-maximizing restructuring transaction in the near-term.
• The Debtors remain hopeful that following the completion of the strategic transaction restructuring process, the Debtors will have greater clarity regarding whether a plan of reorganization or plan of liquidation is best suited for these chapter 11 cases.