Exhibit 10.2

OMNIBUS AGREEMENT

by and between

CONSOL ENERGY INC.

NOBLE ENERGY, INC.

CONE GATHERING LLC

CONE MIDSTREAM GP LLC

CONE MIDSTREAM PARTNERS LP

CONE MIDSTREAM OPERATING COMPANY LLC

CONE MIDSTREAM DEVCO I LP

CONE MIDSTREAM DEVCO II LP

and

CONE MIDSTREAM DEVCO III LP

dated as of

September 30, 2014

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TABLE OF CONTENTS

 

         Page   ARTICLE I DEFINITIONS      1   

1.1

 

Definitions

     1   

1.2

 

Rules of Construction

     6    ARTICLE II INDEMNIFICATION      7   

2.1

 

CONE Gathering Indemnification

     7   

2.2

 

Partnership Group Assumption and Indemnification

     8   

2.3

 

Indemnification Procedures

     9   

2.4

 

Limitations Regarding Indemnification

     10   

2.5

 

Express Negligence

     11   

2.6

 

Exclusive Remedy

     11    ARTICLE III SERVICES; REIMBURSEMENT      12   

3.1

 

General and Administrative Services

     12   

3.2

 

Administrative Fee

     12   

3.3

 

Reimbursement of General and Administrative Expenses

     14    ARTICLE IV RIGHT OF FIRST OFFER      14   

4.1

 

Right of First Offer to Purchase Certain Assets

     14   

4.2

 

Procedures

     15    ARTICLE V MISCELLANEOUS      16   

5.1

 

Confidentiality

     16   

5.2

 

Choice of Law; Mediation; Submission to Jurisdiction

     17   

5.3

 

Notice

     18   

5.4

 

Entire Agreement

     19   

5.5

 

Termination of Agreement

     19   

5.6

 

Amendment or Modification

     19   

5.7

 

Assignment

     19   

5.8

 

Counterparts

     19   

5.9

 

Severability

     19   

5.10

 

Further Assurances

     20   

5.11

 

Rights of Limited Partners

     20    SCHEDULES:    Schedule A   Subject Matters    Schedule B   Certain
Losses    Schedule C   General and Administrative Services    Schedule D  
Formation Transactions   

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OMNIBUS AGREEMENT

This OMNIBUS AGREEMENT (this “Agreement”) is entered into on, and effective as
of, the Closing Date (as defined herein) by and between CONSOL Energy Inc., a
Delaware corporation (“CONSOL”), Noble Energy, Inc., a Delaware corporation
(“Noble” and, together with CONSOL, the “Sponsors”), CONE Gathering LLC, a
Delaware limited liability company (“CONE Gathering”), CONE Midstream GP LLC, a
Delaware limited liability company (the “General Partner”), CONE Midstream
Partners LP, a Delaware limited partnership (the “Partnership”), CONE Midstream
Operating Company LLC, a Delaware limited liability company (the “Operating
Company”), CONE Midstream DevCo I LP, a Delaware limited partnership (“DevCo I
LP”), CONE Midstream DevCo II LP, a Delaware limited partnership (“DevCo II
LP”), and CONE Midstream DevCo III LP, a Delaware limited partnership (“DevCo
III LP” and, together with CONSOL, Noble, CONE Gathering, the General Partner,
the Partnership, Operating Company, DevCo I LP and DevCo II LP, the “Parties”
and each a “Party”).

RECITALS

1. Capitalized terms used in this Agreement are defined in Article I.

2. The Parties desire by their execution of this Agreement to evidence their
understanding, as more fully set forth in Article II, with respect to certain
indemnification obligations of the Parties to each other.

3. The Parties desire by their execution of this Agreement to evidence their
understanding, as more fully set forth in Article III, with respect to (i) the
amount to be paid by the Partnership for general and administrative services
relating to operating the Partnership’s business to be performed by the Sponsors
and their Affiliates (including the General Partner) for and on behalf of the
Partnership Group and (ii) the reimbursement of expenses incurred by the
Sponsors and their Affiliates on behalf of the Partnership Group.

4. The Parties desire by their execution of this Agreement to evidence their
understanding, as more fully set forth in Article IV, with respect to the
Partnership Group’s right of first offer to purchase the ROFO Assets.

In consideration of the premises and the covenants, conditions and agreements
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties agree as follows:

ARTICLE I

DEFINITIONS

1.1 Definitions. As used in this Agreement, the following terms shall have the
meanings set forth below:

“Administrative Fee” is defined in Section 3.2(a).

“Affiliate” is defined in the Partnership Agreement.

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“Agreement” means this Omnibus Agreement, as it may be amended, modified,
supplemented or restated from time to time in accordance with the terms hereof.

“Asset Contribution Agreements” means, collectively, the DevCo I Asset
Contribution Agreement, the DevCo II Asset Contribution Agreement and the DevCo
III Asset Contribution Agreement.

“Assets” means (a) the Interests and (b) all assets owned by DevCo I LP, DevCo
II LP and/or DevCo III LP, in each case, on the Closing Date.

“Closing Date” means September 30, 2014.

“CNX Administrative Fee” is defined in Section 3.2(a).

“CONE Gathering” is defined in the introductory paragraph of this Agreement.

“CONE Gathering Group” means CONE Gathering and each of its Subsidiaries (other
than a Group Member).

“Confidential Information” means any proprietary or confidential information
that is competitively sensitive material or otherwise of value to a Party or its
Affiliates and not generally known to the public, including trade secrets,
scientific or technical information, design, invention, process, procedure,
formula, improvements, product planning information, marketing strategies,
financial information, information regarding operations, consumer and/or
customer relationships, consumer and/or customer identities and profiles, sales
estimates, business plans, and internal performance results relating to the
past, present or future business activities of a Party or its Affiliates and the
consumers, customers, clients and suppliers of any of the foregoing.
Confidential Information includes such information as may be contained in or
embodied by documents, substances, engineering and laboratory notebooks,
reports, data, specifications, computer source code and object code, flow
charts, databases, drawings, pilot plants or demonstration or operating
facilities, diagrams, specifications, bills of material, equipment, prototypes
and models, and any other tangible manifestation (including data in computer or
other digital format) of the foregoing; provided, however, that Confidential
Information does not include information that a Receiving Party can show (a) has
been published or has otherwise become available to the general public as part
of the public domain without breach of this Agreement, (b) has been furnished or
made known to the Receiving Party without any obligation to keep it confidential
by a third party under circumstances which are not known to the Receiving Party
to involve a breach of the third party’s obligations to a Party or (c) was
developed independently of information furnished or made available to the
Receiving Party as contemplated under this Agreement.

“CONSOL” is defined in the introductory paragraph of this Agreement.

“Deductible” is defined in Section 2.4(a).

“Delaware LLC Act” means the Delaware Limited Liability Company Act.

 

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“DevCo I Asset Contribution Agreement” means that certain Contribution
Agreement, dated as of the date hereof, by and between CONE Gathering, the
Operating Company, DevCo I GP and DevCo I LP.

“DevCo I Assumed Obligations” means the Assumed Obligations as defined in the
DevCo I Asset Contribution Agreement.

“DevCo I GP” means CONE Midstream DevCo I GP LLC, a Delaware limited liability
company.

“DevCo I LP” is defined in the introductory paragraph of this Agreement.

“DevCo II Asset Contribution Agreement” means that certain Contribution
Agreement, dated as of the date hereof, by and between CONE Gathering, the
Operating Company, DevCo II GP and DevCo II LP.

“DevCo II Assumed Obligations” means the Assumed Obligations as defined in the
DevCo II Asset Contribution Agreement.

“DevCo II GP” means CONE Midstream DevCo II GP LLC, a Delaware limited liability
company.

“DevCo II LP” is defined in the introductory paragraph of this Agreement.

“DevCo III Asset Contribution Agreement” means that certain Contribution
Agreement, dated as of the date hereof, by and between CONE Gathering, the
Operating Company, DevCo III GP and DevCo III LP.

“DevCo III Assumed Obligations” means the Assumed Obligations as defined in the
DevCo III Asset Contribution Agreement.

“DevCo III GP” means CONE Midstream DevCo III GP LLC, a Delaware limited
liability company.

“DevCo III LP” is defined in the introductory paragraph of this Agreement.

“Disclosing Party” is defined in Section 5.1(a).

“DRULPA” means the Delaware Revised Uniform Limited Partnership Act.

“Environmental Laws” means all federal, state and local laws, statutes, rules,
regulations, orders, judgments, ordinances, codes, injunctions, decrees,
Environmental Permits and other legally enforceable requirements and rules of
common law now or hereinafter in effect relating to (a) pollution or protection
of human health, natural resources, wildlife and the environment or workplace
health or safety, including the federal Comprehensive Environmental Response,
Compensation, and Liability Act of 1980, as amended, 42 U.S.C. §§9601 et seq.,
the Resource Conservation and Recovery Act of 1976, as amended, 42 U.S.C. §§6901
et seq., the Clean Air Act, as amended, 42 U.S.C. §§7401 et seq., the Federal
Water Pollution Control Act,

 

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as amended, 33 U.S.C. §§1251 et seq., the Toxic Substances Control Act, as
amended, 15 U.S.C. §§2601 et seq., the Oil Pollution Act of 1990, 33 U.S.C.
§§2701 et seq., the Safe Drinking Water Act of 1974, as amended, 42 U.S.C.
§§300f et seq., the Hazardous Materials Transportation Act of 1994, as amended,
49 U.S.C. §§5101 et seq., and other environmental conservation and protection
laws and the Occupational Safety and Health Act of 1970, 29 U.S.C. §§651 et
seq., and the regulations promulgated pursuant thereto, and any state or local
counterparts, each as amended from time to time and (b) the generation,
manufacture, processing, distribution, use, treatment, storage, transport or
handling of any Hazardous Substances.

“Environmental Permit” means any permit, approval, identification number,
license, registration, certification, consent, exemption, variance or other
authorization required under or issued pursuant to any applicable Environmental
Law, including applications for renewal of such permits in which the application
allows for continued operation under the terms of an expired permit.

“Equity Contribution Agreement” means that certain Contribution, Conveyance and
Assumption Agreement, dated as of the Closing Date, by and between CONSOL,
Noble, CONE Gathering, the General Partner, the Partnership and the Operating
Company, together with the additional conveyance documents and instruments
contemplated or referenced thereunder, as such may be amended, supplemented or
restated from time to time.

“Formation Transactions” means the transactions described on Schedule D.

“Gathering Agreements” mean, collectively, (a) that certain Gathering Agreement,
by and between the Partnership and CONSOL, dated as of the Closing Date and
(b) that certain Gathering Agreement, by and between the Partnership and Noble,
dated as of the Closing Date.

“General Partner” is defined in the introductory paragraph of this Agreement.

“Governmental Authority” means any federal, state, tribal, foreign or local
governmental entity, authority, department, court or agency, including any
political subdivision thereof, exercising, or entitled to exercise, any
administrative, executive, judicial, legislative, police, regulatory or taxing
authority or power of any nature, and including any arbitrating body, commission
or quasi-governmental authority or self-regulating organization of competent
authority exercising or enlisted to exercise similar power or authority.

“Group Member” is defined in the Partnership Agreement.

“Hazardous Substance” means (a) any substance, whether solid, liquid, gaseous,
semi-solid, or any combination thereof, that is designated, defined or
classified as a hazardous waste, solid waste, hazardous material, pollutant,
contaminant or toxic or hazardous substance, or terms of similar meaning, or
that is otherwise regulated under any Environmental Law, including any hazardous
substance as defined under the Comprehensive Environmental Response,
Compensation, and Liability Act, as amended, and including asbestos and
lead-containing paints or coatings, radioactive materials, polychlorinated
biphenyls and greenhouse gases and (b) petroleum, oil, gasoline, natural gas,
fuel oil, motor oil, waste oil, diesel fuel, jet fuel and other refined
petroleum hydrocarbons.

 

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“Indemnified Party” means the Party entitled to indemnification in accordance
with Article II.

“Indemnifying Party” means the Party from whom indemnification may be sought in
accordance with Article II.

“Initial LP Interest” is defined in Schedule D.

“Interests Assumed Obligations” is defined in Section 2.2(a).

“Interests” means the equity interests in the entities being conveyed,
contributed or otherwise transferred to any Group Member pursuant to the Equity
Contribution Agreement

“Limited Partner” is defined in the Partnership Agreement.

“Losses” means any losses, damages, liabilities, claims, demands, causes of
action, judgments, settlements, fines, penalties, costs and expenses (including
court costs and reasonable attorney’s and expert’s fees) of any and every kind
or character, known or unknown, fixed or contingent.

“Mediation Notice” is defined in Section 5.2(b).

“Midstream Assets” means (i) midstream energy assets, including gathering
pipelines, transportation pipelines, treating and processing facilities,
dehydration facilities, compressor stations, pump stations, metering stations
and other similar assets, used in the midstream energy business and (ii) equity
interests in the entities owning such assets.

“NBL Administrative Fee” is defined in Section 3.2(a).

“Noble” is defined in the introductory paragraph of this Agreement.

“Non-DevCo Assets” means all of the assets of the Partnership Group other than
all of the assets owned by DevCo I LP, DevCo II LP and DevCo III LP.

“Operational Services Agreement” means that certain Operational Services
Agreement, dated as of the Closing Date, by and between CNX Gas Company LLC, a
Delaware limited liability company, and the Partnership, as such may be amended,
supplemented or restated from time to time.

“Operating Company” is defined in the introductory paragraph of this Agreement.

“Partnership” is defined in the introductory paragraph of this Agreement.

“Partnership Agreement” means the First Amended and Restated Agreement of
Limited Partnership of the Partnership, dated as of the Closing Date, as it may
be amended, modified, supplemented or restated from time to time in accordance
with the terms thereof.

“Partnership Change of Control” means CONE Gathering ceases to control, directly
or indirectly, the general partner of the Partnership. For purposes of this
definition, “control”

 

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means the possession, directly or indirectly, of the power to direct or cause
the direction of the management and policies of the general partner of the
Partnership, whether through ownership of voting securities, by contract or
otherwise.

“Partnership Group” is defined in the Partnership Agreement.

“Partnership Interests” is defined in the Partnership Agreement.

“Party” and “Parties” are defined in the introductory paragraph of this
Agreement.

“Person” means an individual or a corporation, firm, limited liability company,
partnership, joint venture, trust, unincorporated organization, association,
government agency or political subdivision thereof or other entity.

“Proposed Transaction” is defined in Section 4.2(a).

“Receiving Party” is defined in Section 5.1(a).

“Representative” is defined in Section 5.1(a).

“Retained Assets” means any assets, or portions thereof, owned by any member of
the CONE Gathering Group that were not directly or indirectly conveyed,
contributed or otherwise transferred to the Partnership Group pursuant to the
Equity Contribution Agreement or the other documents referenced in the Equity
Contribution Agreement.

“ROFO Assets” means any Midstream Assets, or portions thereof, owned by any
member of the CONE Gathering Group, including CONE Gathering’s interests in
(i) DevCo I LP, (ii) DevCo II LP, (iii) DevCo III LP and (iv) the Retained
Assets, as well as any additional Midstream Assets that the CONE Gathering Group
develops during the ROFO Period.

“ROFO Notice” is defined in Section 4.2(a).

“ROFO Period” means the period beginning on the Closing Date and ending on the
earlier to occur of (i) the ten-year anniversary of the Closing Date or (ii) a
Partnership Change of Control.

“ROFO Response” is defined in Section 4.2(a).

“Sponsors” is defined in the introductory paragraph of this Agreement.

“Subsidiary” is defined in the Partnership Agreement.

“Transfer” means to, directly or indirectly, sell, assign, lease, convey,
transfer or otherwise dispose of, whether in one or a series of transactions.

1.2 Rules of Construction. Unless expressly provided for elsewhere in this
Agreement, this Agreement shall be interpreted in accordance with the following
provisions:

(a) If a word or phrase is defined, its other grammatical forms have a
corresponding meaning.

 

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(b) The headings contained in this Agreement are for reference purposes only and
shall not affect the meaning or interpretation of this Agreement.

(c) A reference to any Party to this Agreement or another agreement or document
includes such Party’s successors and assigns.

(d) The words “hereof,” “herein” and “hereunder” and words of similar import
when used in this Agreement shall refer to this Agreement as a whole and not to
any particular provision of this Agreement, and article, section, subsection and
schedule references are to this Agreement unless otherwise specified.

(e) The words “including,” “include,” “includes” and all variations thereof
shall mean “including without limitation.”

(f) The word “or” shall have the inclusive meaning represented by the phrase
“and/or.”

(g) The words “shall” and “will” have equal force and effect.

(h) The schedules identified in this Agreement are incorporated herein by
reference and made a part of this Agreement.

(i) References to “$” or to “dollars” shall mean the lawful currency of the
United States of America.

ARTICLE II

INDEMNIFICATION

2.1 CONE Gathering Indemnification. To the fullest extent permitted by law, CONE
Gathering shall indemnify, defend and hold harmless each Group Member from and
against any Losses suffered or incurred by such Group Member, directly or
indirectly, by reason of or arising out of:

(a) the consummation of the transactions contemplated by each of the Asset
Contribution Agreements and the Equity Contribution Agreement;

(b) the use, ownership or operation of the Assets to the extent and only to the
extent occurring before the Closing Date, including, for the avoidance of doubt,
any environmental event, condition or matter associated with or arising from the
ownership or operation of the Assets (including the presence of Hazardous
Substances on, under, about or migrating to or from the Assets or the disposal
or the release of Hazardous Substances generated by operation of the Assets at
non-Asset locations) including (i) the cost and expense of any investigation,
assessment, evaluation, monitoring, containment, cleanup, repair, restoration,
remediation, risk-based closure activities or other corrective action required
or necessary under Environmental Laws and (ii) the cost and expense of the
preparation and implementation of any closure, remedial, corrective action or
other plans required or necessary under Environmental Laws;

 

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(c) the Retained Assets, whether occurring before, on or after the Closing Date;

(d) all federal, state and local tax liabilities attributable to the ownership
or operation of the Assets on or prior to the Closing Date, including under
Treasury Regulation Section 1.1502-6, as it may be amended (or any similar
provision of state or local law), and any such tax liabilities that may result
from the consummation of the Formation Transactions occurring prior to the
Closing Date, the consummation of the transactions contemplated by the Asset
Contribution Agreements and the consummation of the transactions contemplated by
the Equity Contribution Agreement;

(e) the failure of such Group Member to be the owner of such valid and
indefeasible easement rights or fee ownership or leasehold interests in and to
the Assets as of the Closing Date to the extent and only to the extent such
failure renders such Group Member liable to a third party or unable to use or
operate the Assets in substantially the same manner that the Assets were used
and operated as of immediately prior to the Closing Date;

(f) the failure of such Group Member to have the consents, licenses, permits or
approvals necessary to allow (i) any pipeline included in the Assets to cross
the roads, waterways, railroads and other areas upon which any such pipeline is
located as of the Closing Date or (ii) the transfer of any of the Assets to the
Partnership Group, in each case, to the extent and only to the extent such
failure renders the Partnership Group liable to a third party or unable to use
or operate the Assets in substantially the same manner that the Assets were used
and operated as of immediately prior to the Closing Date; and

(g) the matters listed on Schedule A.

2.2 Partnership Group Assumption and Indemnification.

(a) Partnership Assumption and Indemnification.

(i) Subject to and without limiting the Partnership’s rights to indemnity under
this Article II, from and after the Closing Date, the Partnership shall assume
and hereby agrees to fulfill, perform, pay and discharge (or cause to be
fulfilled, performed, paid or discharged) all obligations and Losses, known or
unknown, to the extent arising from, based upon or attributable to the
Interests, regardless of whether such obligations or Losses arose prior to, on
or after the Closing Date (the “Interests Assumed Obligations”).

(ii) To the fullest extent permitted by law, the Partnership shall indemnify,
defend and hold harmless CONE Gathering from and against any Losses suffered or
incurred by any member of the CONE Gathering Group, directly or indirectly, by
reason of or arising out of (A) the Interests Assumed Obligations or (B) the
Non-DevCo Assets, unless such indemnification would not be permitted by any
Group Member under the Partnership Agreement. For the avoidance of doubt, the
Interests Assumed Obligations shall not include any matter for which CONE
Gathering is obligated to indemnify a Group Member or for which DevCo I LP,
DevCo II LP or DevCo III LP is obligated to indemnify CONE Gathering under the
terms of this Article II.

 

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(b) DevCo I LP Assumption and Indemnification. To the fullest extent permitted
by law, DevCo I LP shall indemnify, defend and hold harmless CONE Gathering from
and against any Losses suffered or incurred by any member of the CONE Gathering
Group, directly or indirectly, by reason of or arising out of the DevCo I
Assumed Obligations. For the avoidance of doubt, the DevCo I Assumed Obligations
shall not include any matter for which CONE Gathering is obligated to indemnify
a Group Member under the terms of this Article II.

(c) DevCo II LP Assumption and Indemnification. To the fullest extent permitted
by law, DevCo II LP shall indemnify, defend and hold harmless CONE Gathering
from and against any Losses suffered or incurred by any member of the CONE
Gathering Group, directly or indirectly, by reason of or arising out of the
DevCo II Assumed Obligations. For the avoidance of doubt, the DevCo II Assumed
Obligations shall not include any matter for which CONE Gathering is obligated
to indemnify a Group Member under the terms of this Article II.

(d) DevCo III LP Assumption and Indemnification. To the fullest extent permitted
by law, DevCo III LP shall indemnify, defend and hold harmless CONE Gathering
from and against any Losses suffered or incurred by any member of the CONE
Gathering Group, directly or indirectly, by reason of or arising out of the
DevCo III Assumed Obligations. For the avoidance of doubt, the DevCo III Assumed
Obligations shall not include any matter for which CONE Gathering is obligated
to indemnify a Group Member under the terms of this Article II.

2.3 Indemnification Procedures.

(a) The Indemnified Party agrees that within a reasonable period of time after
it becomes aware of facts giving rise to a claim for indemnification under this
Article II, it will provide notice thereof in writing to the Indemnifying Party,
specifying the nature of and specific basis for such claim.

(b) The Indemnifying Party shall have the right to control all aspects of the
defense of (and any counterclaims with respect to) any claims brought against
the Indemnified Party that are covered by the indemnification under this Article
II, including the selection of counsel, determination of whether to appeal any
decision of any court and the settling of any such claim or any matter or any
issues relating thereto; provided, however, that no such settlement for only the
payment of money shall be entered into without the consent of the Indemnified
Party unless it includes a full release of the Indemnified Party from such
claim; provided, further, that no such settlement containing any form of
injunctive or similar relief shall be entered into without the prior written
consent of the Indemnified Party, which consent shall not be unreasonably
delayed or withheld.

(c) The Indemnified Party agrees to cooperate in good faith and in a
commercially reasonable manner with the Indemnifying Party with respect to all
aspects of the defense of and pursuit of any counterclaims relating to any
claims covered by the indemnification under this Article II, including the
prompt furnishing to the Indemnifying Party of any correspondence or other
notice relating thereto that the Indemnified Party may receive, permitting the
name of the

 

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Indemnified Party to be utilized in connection with such defense and
counterclaims (provided, that the Indemnified Party has an opportunity to review
the use of its name and does not reasonably object to such use), the making
available to the Indemnifying Party of any files, records or other information
of the Indemnified Party that the Indemnifying Party considers relevant to such
defense and counterclaims, the making available to the Indemnifying Party of any
employees of the Indemnified Party and the granting to the Indemnifying Party of
reasonable access rights to the properties and facilities of the Indemnified
Party; provided, however, that in connection therewith the Indemnifying Party
agrees to use reasonable efforts to minimize the impact thereof on the
operations of the Indemnified Party and further agrees to maintain the
confidentiality of all files, records and other information furnished by the
Indemnified Party pursuant to this Section 2.3. The obligation of the
Indemnified Party to cooperate with the Indemnifying Party as set forth in the
immediately preceding sentence shall not be construed as imposing upon the
Indemnified Party an obligation to hire and pay for counsel in connection with
the defense of any claims and pursuit of any counterclaims with respect to any
claims covered by the indemnification set forth in this Article II; provided,
however, that the Indemnified Party may, at its own option, cost and expense,
hire and pay for counsel in connection with any such defense and counterclaims.
The Indemnifying Party agrees to keep any such counsel hired by the Indemnified
Party informed as to the status of any such defense or counterclaim, but the
Indemnifying Party shall have the right to retain sole control over such defense
and counterclaims so long as the Indemnified Party is still seeking
indemnification hereunder.

(d) In determining the amount of any loss, cost, damage or expense for which the
Indemnified Party is entitled to indemnification under this Agreement, the gross
amount of the indemnification will be reduced by (i) any insurance proceeds
realized by the Indemnified Party, and such correlative insurance benefit shall
be net of any incremental insurance premium that becomes due and payable by the
Indemnified Party as a result of such claim and (ii) all amounts recovered by
the Indemnified Party under contractual indemnities from third Persons.

2.4 Limitations Regarding Indemnification.

(a) CONE Gathering shall not be obligated to indemnify, defend and hold harmless
any Group Member under this Agreement until such time as the total aggregate
amount of Losses incurred by the Partnership Group for such Losses exceeds
$500,000 (the “Deductible”), at which time CONE Gathering shall be obligated to
indemnify the Partnership Group for the amount of such Losses in excess of the
Deductible; provided, however, that, with respect to any Losses incurred by any
Group Member attributable to those matters identified on Schedule B, the
Deductible shall be zero.

(b) None of the Partnership, DevCo I LP, DevCo II LP or DevCo III LP shall be
obligated to indemnify, defend and hold harmless CONE Gathering under
Section 2.2(a), Section 2.2(b), Section 2.2(c) and Section 2.2(d), respectively,
of this Agreement until such time as the total aggregate amount of Losses
incurred by the CONE Gathering Group for such Losses exceeds the Deductible, at
which time the Partnership, DevCo I LP, DevCo II LP or DevCo III LP, as
applicable, shall be obligated to indemnify CONE Gathering for the amount of
such Losses in excess of the Deductible. For the avoidance of doubt, the
Deductible shall apply and be calculated separately for each of the Partnership,
DevCo I LP, DevCo II LP and DevCo III

 

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LP, and indemnifiable Losses attributable to the Partnership, DevCo I LP, DevCo
II LP and DevCo III LP shall not be aggregated for purposes of calculating the
Deductible for each such entity.

(c) For the avoidance of doubt, (i) there is no monetary cap on the amount of
indemnity coverage provided by any Indemnifying Party under this Article II and
(ii) the obligation of CONE Gathering to indemnify any Group Member under this
Agreement shall be limited to the extent of the Losses incurred by the
Partnership with respect to its direct or indirect ownership interest in such
Group Member.

(d) The indemnities set forth in Section 2.1(a), Section 2.1(b), Section 2.1(c),
Section 2.1(d), Section 2.1(e) and Section 2.1(f) shall terminate on the third
anniversary of the Closing Date. The indemnities set forth in Section 2.1(g)
shall terminate on the fourth anniversary of the Closing Date. The indemnities
set forth in Section 2.2 shall survive the Closing without time limit, to the
fullest extent permitted by law. Notwithstanding the foregoing, there shall be
no termination of any bona fide claim asserted pursuant to the indemnities in
Section 2.1 prior to the date of termination for such indemnity.

(e) NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL ANY
PARTY’S INDEMNIFICATION OBLIGATION HEREUNDER COVER OR INCLUDE CONSEQUENTIAL,
INDIRECT, INCIDENTAL, PUNITIVE, EXEMPLARY, SPECIAL OR SIMILAR DAMAGES OR LOST
PROFITS (INCLUDING ANY DIMINUTION IN VALUE OF ANY PARTY’S RESPECTIVE INVESTMENT
IN THE PARTNERSHIP) SUFFERED, DIRECTLY OR INDIRECTLY, BY ANY OTHER PARTY
ENTITLED TO INDEMNIFICATION UNDER THIS AGREEMENT, EXCEPT AS A REIMBURSEMENT FOR
ANY SUCH DAMAGES AS ARE PAID TO A GOVERNMENTAL AUTHORITY OR OTHER THIRD PARTY.

2.5 Express Negligence. TO THE FULLEST EXTENT PERMITTED BY LAW, THE
INDEMNIFICATION, RELEASE, ASSUMPTION AND WAIVER PROVISIONS PROVIDED FOR IN THIS
AGREEMENT SHALL BE APPLICABLE WHETHER OR NOT THE LIABILITIES IN QUESTION ARISE
AS A RESULT OF THE STRICT LIABILITY OR NEGLIGENCE (JOINT, SEVERAL, ACTIVE,
PASSIVE, SOLE OR CONCURRENT) OF OR BY ANY INDEMNIFIED PARTY. THE PARTIES
ACKNOWLEDGE THAT THIS STATEMENT COMPLIES WITH THE EXPRESS NEGLIGENCE RULE AND IS
CONSPICUOUS.

2.6 Exclusive Remedy. Notwithstanding anything to the contrary contained in this
Agreement, from and after the Closing Date, Section 2.1 and Section 2.2 contain
the Parties’ exclusive remedy against each other with respect to breaches of the
covenants of the Parties set forth in Article II. Except for (a) the remedies
contained in Section 2.1 and Section 2.2, (b) any other remedies available to
the Parties at law or in equity for breaches of provisions of this Agreement
other than Article II and (c) the remedies available at law or in equity in
connection with any other document delivered by a Party in connection with the
transactions contemplated hereby (including pursuant to the Equity Contribution
Agreement or any Asset Contribution Agreement), from and after the Closing Date,
each of the Parties releases, remises and forever discharges the other and its
Affiliates and all such Persons’ equity holders, partners, members,

 

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officers, directors, employees, agents, advisors and representatives from any
and all Losses in law or in equity, known or unknown, which such Parties might
now or subsequently may have, based on, relating to or arising out of this
Agreement or the transactions contemplated hereby.

ARTICLE III

SERVICES; REIMBURSEMENT

3.1 General and Administrative Services.

(a) Each of the Sponsors agrees to provide, and agrees to cause its Affiliates
to provide, to the General Partner, for the Partnership Group’s benefit, the
general and administrative services that have been traditionally provided in
connection with the ownership and operation of the Assets, which consist of the
services set forth on Schedule C (the “General and Administrative Services”).

(b) Absent the written agreement of the Parties to the contrary, the Parties
agree that the General and Administrative Services will be received by the
General Partner, for the benefit of the Partnership Group, at the General
Partner’s principal place of business.

(c) The Parties acknowledge that the costs and expenses of General and
Administrative Services will be allocated among the Group Members (which, for
the avoidance of doubt, includes DevCo I LP, DevCo II LP and DevCo III LP) based
on any reasonable allocation methodology as determined by the Sponsor providing
such General and Administrative Services.

(d) For the avoidance of doubt, the Parties acknowledge and agree that the fees,
costs and expenses subject to this Article III shall be in addition to, and not
in duplication of, any amounts owed to CONSOL by the Partnership pursuant to the
Operational Services Agreement.

3.2 Administrative Fee.

(a) As consideration for CONSOL’s and its Affiliates’ provision of the General
and Administrative Services, the Partnership Group will pay to CONSOL an annual
fee that will reflect the costs incurred by CONSOL and its Affiliates in
providing such General and Administrative Services (other than those costs for
which CONSOL and its Affiliates are entitled to reimbursement pursuant to
Section 3.3), as determined in good faith by CONSOL in accordance with Schedule
C (the “CNX Administrative Fee”). As consideration for Noble’s and its
Affiliates’ provision of the General and Administrative Services, the
Partnership Group will pay to Noble an annual fee that will reflect the costs
incurred by Noble and its Affiliates in providing such General and
Administrative Services (other than those costs for which Noble and its
Affiliates are entitled to reimbursement pursuant to Section 3.3), as determined
in good faith by Noble in accordance with Schedule C (the “NBL Administrative
Fee” and, together with the CNX Administrative Fee, the “Administrative Fee”).
The Parties acknowledge and agree that it is the intent of the Parties that the
General and Administrative Services be provided based on an arm’s-length
standard and that each of the CNX Administrative Fee and the NBL Administrative
Fee is intended to reflect such standard. For the avoidance of doubt, the
Parties further acknowledge and agree that the Administrative Fee will cover the
fully burdened cost of the General and Administrative Services provided by the
Sponsors and their Affiliates to the

 

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Partnership Group, as well as any third-party costs actually incurred by the
Sponsors and their Affiliates on behalf of the Partnership Group in providing
such General and Administrative Services (other than those costs for which the
Sponsors and their Affiliates are entitled to reimbursement pursuant to
Section 3.3), including the following:

(i) the compensation and employee benefits of employees of the Sponsors or their
Affiliates (and any employment, payroll or similar taxes related thereto), to
the extent, but only to the extent, such employees perform General and
Administrative Services for the Partnership Group’s benefit. With respect to
employees that do not devote all of their business time to the Partnership
Group, such compensation and employee benefits (and any withholding or payroll
taxes related thereto) shall be allocated to the Partnership Group based on the
annual weighted average of time spent and number of employees devoting services
to the Partnership Group;

(ii) any expenses incurred or payments made by the Sponsors or their Affiliates
on behalf of the Partnership Group for insurance coverage with respect to the
Assets or the business of the Partnership Group;

(iii) all expenses and expenditures incurred by the Sponsors or their Affiliates
on behalf of the Partnership Group as a result of the Partnership becoming and
continuing as a publicly traded entity, including costs associated with the
following: annual, quarterly and current reporting with the Securities and
Exchange Commission; tax return and Schedule K-1 preparation and distribution;
Sarbanes-Oxley Act compliance; listing on the New York Stock Exchange;
independent auditor fees; legal fees; investor relations expenses; transfer
agent and registrar fees; outside director fees; and insurance expenses; and

(iv) all sales, use, excise, value added or similar taxes, if any, that may be
applicable from time to time with respect to the General and Administrative
Services provided by the Sponsors and their Affiliates to the Partnership Group
pursuant to Section 3.1.

(b) As part of the Administrative Fee, the Partnership Group shall pay to each
of the Sponsors a fixed fee, in the amount shown on Schedule C, in consideration
for the services of certain employees of such Sponsor and its Affiliates in
their capacities as officers of the General Partner and the Group Members.

(c) The Parties acknowledge and agree that the CNX Administrative Fee and/or the
NBL Administrative Fee may change each calendar year, as determined by the
applicable Sponsor in good faith, to accurately reflect the degree and extent of
the General and Administrative Services provided to the Partnership Group by
such Sponsor and may be adjusted to reflect, among other things, the
contribution, acquisition or disposition of assets to or by the Partnership
Group or to reflect any change in the cost of providing General and
Administrative Services to the Partnership Group due to changes in any law, rule
or regulation applicable to the Sponsors and their Affiliates or the Partnership
Group, including any interpretation of such laws, rules or regulations.

 

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(d) On or prior to January 1 of each calendar year during the term of this
Agreement, each of CONSOL and Noble will notify the General Partner of the
estimated amount of the CNX Administrative Fee and Noble Administrative Fee,
respectively (including, in each case, both the fixed and variable portions of
such fee as described in Schedule C), to be paid by the Partnership Group for
such calendar year. For the calendar year in which the Closing Date occurs, such
estimate shall be made on or prior to the Closing Date and shall pertain only to
the remainder of such calendar year. Commencing with the first full month
following the Closing Date, each of the CNX Administrative Fee and the Noble
Administrative Fee shall be invoiced and paid as follows:

(i) Within 20 days following the end of each month during the term of this
Agreement, each of CONSOL and Noble will submit to the Partnership Group an
invoice of the amounts due for such month for the CNX Administrative Fee and the
Noble Administrative Fee, respectively. Each invoice will contain reasonably
satisfactory support of such amounts and such other supporting detail as the
General Partner may reasonably require.

(ii) The Partnership Group will pay the CNX Administrative Fee and the NBL
Administrative Fee within 10 days after the receipt of the invoice therefor. The
Partnership Group shall not offset any amounts owing to it by the Sponsors or
any of their Affiliates against the Administrative Fee payable hereunder.

3.3 Reimbursement of General and Administrative Expenses. In addition to the
Administrative Fee payable under Section 3.2, the Partnership Group will
reimburse the Sponsors and their Affiliates on a monthly basis for any
additional out-of-pocket costs and expenses actually incurred by the Sponsors
and their Affiliates in providing the General and Administrative Services, as
well as any other out-of-pocket expenses incurred on behalf of the Partnership
Group, including any employment, payroll or similar taxes paid by the Sponsors
and their Affiliates in connection with any long-term incentive plan (or similar
compensation plan) of the General Partner or the Partnership Group.

ARTICLE IV

RIGHT OF FIRST OFFER

4.1 Right of First Offer to Purchase Certain Assets.

(a) CONE Gathering hereby grants to the Partnership a right of first offer,
exercisable during the ROFO Period, to purchase all or any part of the ROFO
Assets to the extent that CONE Gathering proposes to Transfer all or any part of
any ROFO Asset; provided, however, that CONE Gathering may Transfer all or any
part of any ROFO Asset to a member of the CONE Gathering Group that agrees in
writing that such ROFO Asset remains subject to the provisions of this Article
IV and such CONE Gathering Group member assumes the obligations of CONE
Gathering under this Article IV with respect to such ROFO Asset, and such
Transfer shall not be subject to the Partnership Group’s right of first offer.

(b) The Parties acknowledge that any Transfer of all or any part of any ROFO
Asset pursuant to the Partnership’s right of first offer is subject to the terms
of all existing agreements

 

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with respect to the ROFO Assets and shall be subject to and conditioned on the
obtaining of any and all necessary consents of securityholders, Governmental
Authorities, lenders or other third parties; provided, however, that CONE
Gathering hereby represents and warrants that, to its knowledge after reasonable
investigation, there are no terms in such agreements that would materially
impair the rights granted to the Partnership Group pursuant to this Article IV
with respect to any ROFO Asset.

4.2 Procedures.

(a) If CONE Gathering proposes to Transfer all or any part of any ROFO Asset
(other than to a CONE Gathering Group member in accordance with Section 4.1(a))
during the ROFO Period (a “Proposed Transaction”), CONE Gathering shall, prior
to entering into any such Proposed Transaction, first give notice in writing to
the Partnership (the “ROFO Notice”) of its intention to enter into such Proposed
Transaction. The ROFO Notice shall include any material terms, conditions and
details that would be necessary for the Partnership to make a responsive offer
to enter into the Proposed Transaction with CONE Gathering, which terms,
conditions and details shall at a minimum include any terms, conditions or
details that CONE Gathering would propose to provide to non-Affiliates in
connection with the Proposed Transaction. If the Partnership determines to
purchase the ROFO Assets, the Partnership shall have 60 days following receipt
of the ROFO Notice to propose an offer to enter into the Proposed Transaction
with CONE Gathering (the “ROFO Response”). The ROFO Response shall set forth the
terms and conditions (including the purchase price the Partnership proposes to
pay for the ROFO Asset and the other terms of the purchase) pursuant to which
the Partnership would be willing to enter into a binding agreement for the
Proposed Transaction. If no ROFO Response is delivered by the Partnership within
such 60-day period, then the Partnership shall be deemed to have waived its
right of first offer with respect to such ROFO Asset, subject to Section 4.2(c).

(b) Unless the ROFO Response is rejected pursuant to written notice delivered by
CONE Gathering to the Partnership within 60 days of the delivery to CONE
Gathering of the ROFO Response, such ROFO Response shall be deemed to have been
accepted by CONE Gathering, and CONE Gathering shall enter into an agreement
with the Partnership providing for the consummation of the Proposed Transaction
upon the terms set forth in the ROFO Response. Unless CONE Gathering and the
Partnership otherwise agree, the terms of the purchase and sale agreement will
include the following:

(i) the Partnership will deliver the agreed purchase price (in cash, Partnership
Interests, an interest-bearing promissory note or any combination thereof);

(ii) the closing date for the purchase of the ROFO Asset shall occur no later
than 180 days following receipt by CONE Gathering of the ROFO Response pursuant
to Section 4.2(a);

(iii) each of CONE Gathering and the Partnership shall use commercially
reasonable efforts to do or cause to be done all things that may be reasonably
necessary or advisable to effectuate the consummation of any transactions
contemplated by this Section 4.2(b), including causing its respective Affiliates
to execute, deliver and perform all documents, notices, amendments,
certificates, instruments and consents required in connection therewith; and

(iv) neither CONE Gathering nor the Partnership shall have any obligation to
consummate the Proposed Transaction if any consent referred to in Section 4.1(b)
has not been obtained.

 

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(c) If the Partnership has not timely delivered a ROFO Response as specified
above with respect to a Proposed Transaction that is subject to a ROFO Notice,
CONE Gathering shall be free to enter into a Proposed Transaction with any third
party on terms and conditions no more favorable to such third party than those
set forth in the ROFO Notice. If CONE Gathering rejects a ROFO Response with
respect to any Proposed Transaction, CONE Gathering shall be free to enter into
a Proposed Transaction with any third party (i) on terms and conditions
(excluding those relating to price) that are not more favorable in the aggregate
to such third party than those proposed in respect of the Partnership Group in
the ROFO Response and (ii) at a price equal to no less than 100% of the price
offered by the Partnership in the ROFO Response to CONE Gathering.

(d) The Partnership can assign its rights and obligations under this Article IV
to any Group Member.

ARTICLE V

MISCELLANEOUS

5.1 Confidentiality.

(a) From and after the Closing Date, each Party (each, a “Receiving Party”) in
possession of another Party’s (each, a “Disclosing Party”) Confidential
Information shall (i) hold, and shall cause its Subsidiaries and Affiliates and
its and their directors, officers, employees, agents, consultants, advisors, and
other representatives (each, a “Representative” and, collectively,
“Representatives”) to hold, all Confidential Information of each Disclosing
Party in strict confidence, with at least the same degree of care that applies
to such Receiving Party’s confidential and proprietary information, (ii) not use
such Confidential Information, except as expressly permitted by such Disclosing
Party and (iii) not release or disclose such Confidential Information to any
other Person, except its Representatives or except as required by applicable
law. Each Party shall be responsible for any Losses resulting from a breach of
this Section 5.1 by any of its Representatives.

(b) Notwithstanding Section 5.1(a), if a Receiving Party becomes legally
compelled or obligated to disclose Confidential Information of a Disclosing
Party by a Governmental Authority or applicable law, or is required to disclose
such Confidential Information pursuant to the listing standards of any
applicable national securities exchange on which the Receiving Party’s
securities are listed or quoted, the Receiving Party shall promptly advise, to
the fullest extent permitted by law, the Disclosing Party of such requirement or
obligation to disclose Confidential Information as soon as the Receiving Party
becomes aware that such a requirement to disclose might become effective in
order that, where possible, the Disclosing Party may seek a protective order or
such other remedy as the Disclosing Party may consider appropriate in the

 

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circumstances. The Receiving Party shall disclose only that portion of the
Disclosing Party’s Confidential Information that it is required or obligated to
disclose and shall cooperate with the Disclosing Party in allowing the
Disclosing Party to obtain such protective order or other relief.

(c) Each Party acknowledges that a Disclosing Party would not have an adequate
remedy at law for the breach by a Receiving Party of any one or more of the
covenants contained in this Section 5.1 and agrees that, in the event of such
breach, the Disclosing Party may, in addition to the other remedies that may be
available to it, apply to a court for an injunction to prevent breaches of this
Section 5.1 and to enforce specifically the terms and provisions of this
Section 5.1. Notwithstanding any other provision hereof, to the extent permitted
by applicable law, the provisions of this Section 5.1 shall survive the
termination of this Agreement for a period of two years.

5.2 Choice of Law; Mediation; Submission to Jurisdiction.

(a) This Agreement shall be subject to and governed by the laws of the State of
Delaware, excluding any conflicts-of-law rule or principle that might refer the
construction or interpretation of this Agreement to the laws of another state.
EACH OF THE PARTIES HERETO AGREES THAT THIS AGREEMENT INVOLVES AT LEAST U.S.
$100,000.00 AND THAT THIS AGREEMENT HAS BEEN ENTERED INTO IN EXPRESS RELIANCE
UPON 6 Del. C. § 2708. EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES (i) TO BE SUBJECT TO THE JURISDICTION OF THE COURTS OF
THE STATE OF DELAWARE AND OF THE FEDERAL COURTS SITTING IN THE STATE OF DELAWARE
AND (ii) TO THE EXTENT SUCH PARTY IS NOT OTHERWISE SUBJECT TO SERVICE OF PROCESS
IN THE STATE OF DELAWARE, TO APPOINT AND MAINTAIN AN AGENT IN THE STATE OF
DELAWARE AS SUCH PARTY’S AGENT FOR ACCEPTANCE OF LEGAL PROCESS AND TO NOTIFY THE
OTHER PARTIES OF THE NAME AND ADDRESS OF SUCH AGENT.

(b) If the Parties cannot resolve any dispute or claim arising under this
Agreement, then no earlier than 10 days nor more than 60 days following written
notice to the other Parties, any Party may initiate mandatory, non-binding
mediation hereunder by giving a notice of mediation (a “Mediation Notice”) to
the other Parties to the dispute or claim. In connection with any mediation
pursuant to this Section 5.2, the mediator shall be jointly appointed by the
Parties to the dispute or claim and the mediation shall be conducted in Houston,
Texas unless otherwise agreed by the Parties to the dispute or claim. All costs
and expenses of the mediator appointed pursuant to this Section 5.2 shall be
shared equally by the Parties to the dispute or claim. The then-current Model
ADR Procedures for Mediation of Business Disputes of the Center for Public
Resources, Inc., either as written or as modified by mutual agreement of the
Parties to the dispute or claim, shall govern any mediation pursuant to this
Section 5.2. In the mediation, each Party to the dispute or claim shall be
represented by one or more senior representatives who shall have authority to
resolve any disputes. If a dispute or claim has not been resolved within 30 days
after the receipt of the Mediation Notice by a Party, then any Party to the
dispute or claim may refer the resolution of the dispute or claim to litigation.

(c) Subject to Section 5.2(b), to the fullest extent permitted by law, each
Party agrees that it shall bring any action or proceeding in respect of any
claim arising out of or related to this

 

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Agreement, whether in tort or contract or at law or in equity, exclusively in
any federal or state courts located in Delaware and (i) irrevocably submits to
the exclusive jurisdiction of such courts, (ii) waives any objection to laying
venue in any such action or proceeding in such courts, (iii) waives any
objection that such courts are an inconvenient forum or do not have jurisdiction
over it and (iv) agrees that, to the fullest extent permitted by law, service of
process upon it may be effected by mailing a copy thereof by registered or
certified mail (or any substantially similar form of mail), postage prepaid, to
it at its address specified in Section 5.3. The foregoing consents to
jurisdiction and service of process shall not, to the fullest extent permitted
by applicable law, constitute general consents to service of process in the
State of Delaware for any purpose except as provided herein and shall not be
deemed to confer rights on any Person other than the Parties.

5.3 Notice. All notices or requests or consents provided for by, or permitted to
be given pursuant to, this Agreement must be in writing and must be given by
(a) e-mail, (b) United States mail, addressed to the Person to be notified,
postage prepaid and registered or certified with return receipt requested,
(c) delivering such notice in person or (d) facsimile to such Party. Notice
given by personal delivery or mail shall be effective upon actual receipt.
Notice given by e-mail or facsimile shall be effective upon actual receipt if
received during the recipient’s normal business hours or at the beginning of the
recipient’s next business day after receipt if not received during the
recipient’s normal business hours. All notices to be sent to a Party pursuant to
this Agreement shall be sent to or made at the address set forth below or at
such other address as such Party may stipulate to the other Parties in the
manner provided in this Section 5.3.

If to CONSOL:

CONSOL Energy Inc.

1000 CONSOL Energy Drive

Canonsburg, Pennsylvania 15317

Attention: General Counsel

Facsimile: 724-485-4837

E-mail: stevejohnson@consolenergy.com

If to Noble:

Noble Energy, Inc.

1001 Noble Energy Way

Houston, Texas 77070

Attention: Associate General Counsel

Facsimile: 281-872-2557

E-mail: kmoore@nobleenergyinc.com

If to CONE Gathering:

CONE Gathering LLC

1000 CONSOL Energy Drive

Canonsburg, Pennsylvania 15317

Attention: President

Facsimile: 724-485-4817

E-mail: joefink@consolenergy.com

 

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If to any Group Member:

CONE Midstream Partners LP

c/o CONE Midstream GP LLC, its general partner

1001 Noble Energy Way

Houston, Texas 77070

Attention: General Counsel

Facsimile: 281-872-2557

E-mail: kmoore@nobleenergyinc.com

5.4 Entire Agreement. This Agreement, the Equity Contribution Agreement and the
Asset Contribution Agreements constitute the entire agreement of the Parties
relating to the matters contained herein, superseding all prior contracts or
agreements, whether oral or written, relating to the matters contained herein.

5.5 Termination of Agreement. This Agreement, other than the provisions set
forth in Article II hereof, may be terminated (a) by the written agreement of
all of the Parties or (b) by CONSOL, Noble, CONE Gathering or the Partnership
immediately upon a Partnership Change of Control by written notice given to the
other Parties to this Agreement. For the avoidance of doubt, the Parties’
indemnification obligations under Article II shall, to the fullest extent
permitted by law, survive the termination of this Agreement in accordance with
their respective terms.

5.6 Amendment or Modification. This Agreement may be amended or modified from
time to time only by the mutual agreement of all the Parties. Each such
agreement shall be reduced to writing and shall be designated on its face an
“Amendment” or an “Addendum” to this Agreement.

5.7 Assignment. No Party shall have the right to assign its rights or
obligations under this Agreement without the consent of the other Parties;
provided, however, that the General Partner and any Group Member may make a
collateral assignment of this Agreement solely to secure financing for the
Partnership Group.

5.8 Counterparts. This Agreement may be executed in any number of counterparts
with the same effect as if all signatory parties had signed the same document
and shall be construed together and shall constitute one and the same
instrument. Delivery of an executed signature page of this Agreement by
facsimile transmission or in portable document format (.pdf) (or similar
electronic format) shall be effective as delivery of a manually executed
counterpart hereof.

5.9 Severability. If any provision of this Agreement shall be held invalid or
unenforceable by a Governmental Authority of competent jurisdiction, the
remainder of this Agreement shall remain in full force and effect.

 

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5.10 Further Assurances. In connection with this Agreement and all transactions
contemplated by this Agreement, each Party hereto agrees to execute and deliver
such additional documents and instruments and to perform such additional acts as
may be necessary or appropriate to effectuate, carry out and perform all of the
terms, provisions and conditions of this Agreement and all such transactions.

5.11 Rights of Limited Partners. The provisions of this Agreement are
enforceable solely by the Parties to this Agreement, and no Limited Partner or
other interest holder of the Partnership shall have the right, separate and
apart from the Partnership, to enforce any provision of this Agreement or to
compel any Party to this Agreement to comply with the terms of this Agreement.

[Remainder of page intentionally left blank.]

 

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IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective
as of, the Closing Date.

 

CONSOL ENERGY INC.     NOBLE ENERGY, INC. By:  

/s/ Stephen W. Johnson

    By:  

/s/ Donald G. Moore

Name:   Stephen W. Johnson     Name:   Donald G. Moore Title:   Executive Vice
President & Chief Legal and Corporate Affairs Officer     Title:   Vice
President CONE GATHERING LLC     CONE MIDSTREAM GP LLC By:  

/s/ Joseph M. Fink

    By:  

/s/ Joseph M. Fink

Name:   Joseph M. Fink     Name:   Joseph M. Fink Title:   President     Title:
  Chief Operating Officer CONE MIDSTREAM PARTNERS LP     CONE MIDSTREAM
OPERATING COMPANY LLC By:   CONE Midstream GP LLC, its general partner       By:
 

/s/ Joseph M. Fink

    By:  

/s/ Joseph M. Fink

Name:   Joseph M. Fink     Name:   Joseph M. Fink Title:   Chief Operating
Officer     Title:   Chief Operating Officer CONE MIDSTREAM DEVCO I LP     CONE
MIDSTREAM DEVCO II LP By:   CONE Midstream DevCo I GP LLC, its general partner  
  By:   CONE Midstream DevCo II GP LLC, its general partner By:  

/s/ Joseph M. Fink

    By:  

/s/ Joseph M. Fink

Name:   Joseph M. Fink     Name:   Joseph M. Fink Title:   Chief Operating
Officer     Title:   Chief Operating Officer CONE MIDSTREAM DEVCO III LP      
By:   CONE Midstream DevCo III GP LLC, its general partner       By:  

/s/ Joseph M. Fink

      Name:   Joseph M. Fink       Title:   Chief Operating Officer      

[Signature Page to Omnibus Agreement]

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Schedule A

Subject Matters

 

1. All costs, expenses and liabilities incurred by a Group Member with respect
to mine subsidence and/or the mitigation thereof incurred in connection with the
Gathering System (as defined in the Gathering Agreements).

 

2. Any costs and liabilities related to that certain Majorsville Inlet
Facilities Construction and Operations Agreement, dated as of March 9, 2012 by
and between Markwest Liberty Midstream & Resources, L.L.C. and CONE Gathering
LLC, as amended.

 

Schedule A-1

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Schedule B

Certain Losses

 

1. All costs, expenses and liabilities incurred by a Group Member with respect
to mine subsidence and/or the mitigation thereof incurred in connection with the
Gathering System (as defined in the Gathering Agreements).

 

Schedule B-1

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Schedule C

General and Administrative Services

Pursuant to Section 3.1(a)

 

(1) Management services of employees of the Sponsors and their Affiliates (other
than the General Partner). This cost includes Sponsor-stock based compensation
expense.

 

(2) Financial and administrative (including treasury, accounting and internal
audit)

 

(3) Information technology

 

(4) Legal services

 

(5) Health, environmental, safety and security (including third-party security
services)

 

(6) Human resources

 

(7) Tax

 

(8) Payroll

 

(9) Procurement

 

(10) Real property/land

 

(11) Investor relations

 

(12) Government relations, governmental compliance and public affairs

 

(13) Analytical & engineering

 

(14) Business development

 

(15) Risk management

Pursuant to Section 3.2

The Administrative Fee for calendar year 2015, as described in Section 3.2, will
be $1,400,000 initially and is comprised of: (i) the fixed portion of the CNX
Administrative Fee of $620,000 attributable to services provided by officers of
General Partner and the Group Members, (ii) the variable portion of the CNX
Administrative Fee, which will be $600,000 initially and (iii) the fixed portion
of the NBL Administrative Fee of $180,000 attributable to services provided by
officers of General Partner and the Group Members. For the avoidance of doubt,
the Administrative Fee for the remainder of calendar year 2014 will be the same
annual amount as calendar year 2015 pro-rated based on the number of days
remaining in 2014 from the Closing Date.

 

Schedule C-1

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The portion of the Administrative Fee attributable to any information technology
services, administrative/office services and public company expenses will be a
variable amount based on the costs actually incurred by the Sponsors and their
Affiliates on behalf of the Partnership Group (other than any costs for which
the Sponsors and their Affiliates are reimbursed pursuant to Section 3.3). The
portion of the variable amount of the Administrative Fee attributable to any
services described in the preceding sentence will be based on the costs incurred
by the Sponsors and their Affiliates on behalf of the Partnership Group (other
than any costs for which the Sponsors and their Affiliates are reimbursed
pursuant to Section 3.3).

 

Schedule C-2

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Schedule D

Formation Transactions

The “Formation Transactions” consist of the following:

1. On May 30, 2014, CONE Gathering formed the General Partner under the Delaware
LLC Act and contributed $1,000 in exchange for 100% of the limited liability
company interests in the General Partner;

2. On May 30, 2014, CONE Gathering, as the organizational limited partner, and
the General Partner, as the general partner, formed the Partnership under the
DRULPA and contributed $6,860 and $140, respectively, in exchange for a 98%
limited partner interest (the “Initial LP Interest”) and a 2% general partner
interest, respectively, in the Partnership;

3. On July 11, 2014, CONE Gathering formed the Operating Company under the
Delaware LLC Act and contributed $4,000 in exchange for 100% of the limited
liability company interests in the Operating Company;

4. On July 11, 2014, the Operating Company formed DevCo I GP under the Delaware
LLC Act and contributed $1,000 in exchange for 100% of the limited liability
company interests in DevCo I GP;

5. On July 11, 2014, CONE Gathering, as the organizational limited partner, and
DevCo I GP, as the general partner, formed DevCo I LP under the DRULPA and
contributed $250 and $750, respectively, in exchange for a 25% limited partner
interest and a 75% general partner interest, respectively, in DevCo I LP;

6. On July 11, 2014, the Operating Company formed DevCo II GP under the Delaware
LLC Act and contributed $1,000 in exchange for 100% of the limited liability
company interests in DevCo II GP;

7. On July 11, 2014, CONE Gathering, as the organizational limited partner, and
DevCo II GP, as the general partner, formed DevCo II LP under the DRULPA and
contributed $950 and $50, respectively, in exchange for a 95% limited partner
interest and a 5% general partner interest, respectively, in DevCo II LP;

8. On July 11, 2014, the Operating Company formed DevCo III GP under the
Delaware LLC Act and contributed $1,000 in exchange for 100% of the limited
liability company interests in DevCo III GP; and

9. On July 11, 2014, CONE Gathering, as the organizational limited partner, and
DevCo III GP, as the general partner, formed DevCo III LP under the DRULPA and
contributed $950 and $50, respectively, in exchange for a 95% limited partner
interest and a 5% general partner interest, respectively, in DevCo III LP.

 

Schedule D-1