Exhibit 10.50(d)

MULTIPLE HEARTH FURNACE (MHF) CONTRACT

(CROWFOOT PROJECT)

UNIT # 4

Between

INDUSTRIAL FURNACE COMPANY, INC.,

As Seller

and

RED RIVER ENVIRONMENTAL PRODUCTS, LLC

As Purchaser

Project No. 65214

RFP No. EFH-101



|* | indicates portions of the exhibit that have been omitted pursuant to a request for confidential information. The non-public information has been filed with the Commission
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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TABLE OF CONTENTS



|            |  |                                                             |  |     
|----------- |  | ----------------------------------------------------------- |  | ----
|            |  |                                                             |  | Page
|Article 1.  |  | Scope of Supply                                             |  | 1   
|Article 2.  |  | Contract Price                                              |  | 3   
|Article 3.  |  | Project Security and Favored Customer Status                |  | 3   
|Article 4.  |  | Payments and Liens                                          |  | 5   
|Article 5.  |  | Termination for Convenience                                 |  | 8   
|Article 6.  |  | Title Transfer, Delivery, Risk of Loss, Shipment to Storage |  | 10  
|Article 7.  |  | Drawings                                                    |  | 12  
|Article 8.  |  | Quality                                                     |  | 13  
|Article 9.  |  | Schedule and Performance                                    |  | 14  
|Article 10. |  | Performance Guarantees and Substantial Completion           |  | 18  
|Article 11. |  | Reliability Bonus                                           |  | 20  
|Article 12. |  | Performance Guarantee Testing                               |  | 21  
|Article 13. |  | Inspection, Expediting and Factory Tests                    |  | 21  
|Article 14. |  | Seller-Provided Training                                    |  | 22  
|Article 15. |  | Warranty Period                                             |  | 23  
|Article 16. |  | Warranty                                                    |  | 23  
|Article 17. |  | Taxes                                                       |  | 25  
|Article 18. |  | Pricing and Scope Assumptions                               |  | 25  
|Article 19. |  | Changes                                                     |  | 26  
|Article 20. |  | Excusable Delays                                            |  | 28  
|Article 21. |  | Intellectual Property                                       |  | 29  
|Article 22. |  | General Indemnity                                           |  | 29  
|Article 23. |  | Insurance                                                   |  | 30  
|Article 24. |  | Events of Default; Termination for Cause; Suspension        |  | 31  
|Article 25. |  | Limitation of Liability                                     |  | 33  
|Article 26. |  | Proprietary Information                                     |  | 34  
|Article 27. |  | Assignment and Financing Provisions                         |  | 35  
|Article 28. |  | Dispute Resolution                                          |  | 36  
|Article 29. |  | Governing Law                                               |  | 37  
|Article 30. |  | [Reserved]                                                  |  | 37  
|Article 31. |  | Contract Documents and Order of Precedence                  |  | 37  
|Article 32. |  | Effective Date                                              |  | 38  
|Article 33. |  | Entire Agreement                                            |  | 38  
|Article 34. |  | Miscellaneous Provisions                                    |  | 38  



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TABLE OF ATTACHMENTS:



|              |  |                                                                            
|------------- |  | ---------------------------------------------------------------------------
|Attachment 1  |  | Defined Terms                                                              
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|Attachment 2  |  | Technical Requirements                                                     
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|Attachment 3  |  | Schedule of Values                                                         
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|Attachment 4  |  | Form of Notice of Unit Installation Completion                             
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|Attachment 5  |  | Lien Waiver Forms                                                          
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|Attachment 6  |  | Scheduled Completion Dates                                                 
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|Attachment 7  |  | Performance Test Procedures, Conditions and Protocol                       
|              | 
|Attachment 8  |  | Time and Material Rates                                                    
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|Attachment 9  |  | EPC Schedule                                                               
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|Attachment 10 |  | Supplemental Terms for On-Site Services                                    
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|Attachment 11 |  | Confidentiality Agreement                                                  
|              | 
|Attachment 12 |  | Sellers Customary Training Manual                                         
|              | 
|Attachment 13 |  | Form of Performance/Payment Bond                                           
|              | 
|Attachment 14 |  | Form of Parent Guaranty                                                    
|              | 
|Attachment 15 |  | Arbitration Procedures                                                     
|              | 
|Attachment 16 |  | Site Requirements                                                          
|              | 
|Attachment 17 |  | Site Layout                                                                
|              | 
|Attachment 18 |  | Description of Water, Electric Power and Other Utilities Required by Seller



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THIS AGREEMENT(Contract) is entered into as of the Effective Date by and between:

INDUSTRIAL FURNACE COMPANY, INC., a New York corporation, having a principal place of business at 40 Humboldt Street, Rochester, New York, 14609 (together with
its successors and assigns permitted under this Contract, Seller); and

RED RIVER ENVIRONMENTAL PRODUCTS, LLC, a Delaware limited
liability company having a principal place of business at 8100 SouthPark Way, Unit B, Littleton, Colorado 80120 (together with its successors and assigns permitted under this Contract, Purchaser). Purchaser and Seller are referred
to herein individually as a Party and collectively as the Parties.

Recitals

Seller is engaged in the business of manufacturing, delivering, erecting, and commissioning various kinds of multi-hearth furnace (MHF) equipment and
of providing services and training in support of the installation and use thereof.

Purchaser desires to purchase, and Seller desires to sell, one
(1) of four (4) multi-hearth furnaces and associated equipment, together with certain installation support and training services in connection with Purchasers project (Project) located on the south side of Parish
Road 604 in Armistead, Red River Parish, Louisiana, (Site) all subject to the terms set forth herein.

This Contract is one (1) of
four (4) contracts, each for a separate multi-hearth furnace, which taken as a whole provide for the four (4) multi-hearth furnaces to be installed as part of the Project (collectively, the Multi-Hearth Furnace Contracts).

Purchaser has appointed its EPC contractor, BE&K Construction Company, LLC as its representative for purposes of administering this Contract on behalf
of Purchaser.

Therefore, in consideration of the premises and promises stated herein, the receipt and sufficiency of which is hereby acknowledged, the
Parties agree as follows:

Definitions

Defined terms are in Attachment 1 (Defined Terms).

Articles

Article 1. Scope of Supply

Certain Seller Obligations.
Seller shall manufacture, deliver, install, startup, test, and commission the Equipment and perform the associated Services as more fully described in Attachment 2 (Technical Requirements), subject to the terms and conditions in this
Contract. The Equipment includes one Unit that shall be the fourth and final multi-hearth furnace to be installed at the Project (Unit #4). All Work shall be performed in strict accordance with this Contract.
The Work to be performed by Seller is that Work specifically set forth in this Contract and the work necessarily incidental thereto. Except as otherwise provided in this Contract, Seller shall supply, at its own cost, all equipment, materials, labor
and any other supplies, equipment or services (other than those



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obligations to be performed by or on behalf of Purchaser pursuant to the terms of this Contract, including supplying those Certain Purchaser Test
Obligations) necessary to properly perform the Work. Any quantity, list, division or classification of Work in any of the plans or drawings is furnished only to facilitate the Work and does not limit Sellers obligations hereunder. Seller shall
check all such information and satisfy itself that it is correct. In no event shall Purchasers review or comment relieve Seller of its responsibilities.

Seller shall at its expense comply with all of its obligations under the Contract Documents and shall provide everything required of it for the execution of the Work including, but not limited to, home office support, insurance, technical
field assistance, engineering, fabrication, manufacturing, transportation, installation, drawings and documentation, operations and maintenance manuals, start-up services, commissioning, and performance testing unless explicitly excluded or limited
in this Contract. Seller shall perform and execute the terms of this Contract as an independent contractor, and Seller acknowledges that Seller is not and shall not be, nor shall it act or hold itself out as an agent or employee of Purchaser or EPC
Contractor pursuant to this Contract. As, and to the extent, the Parties may desire, Seller may be designated an agent of Purchaser pursuant to a separate agency agreement between the Parties. Seller shall be solely responsible for all construction
means, methods, techniques, sequences, procedures, training and startup in connection with the performance of the Work, except as otherwise required hereunder (e.g., Seller shall comply with EPC Contractors Project safety program). Seller
recognizes that the Work is part of the larger Project and Seller has included in the Contract Price all costs for complying with Site requirements set forth in Attachment 16 (Site Requirements) and EPC Contractors safety
requirements (BE&K Safety and Health Procedures, Sept 2003) provided to Seller by Purchaser prior to the Effective Date. Seller shall prepare and submit to Purchaser written monthly progress reports in form and substance substantially similar to
reports prepared by Seller for other projects similar to the Project and reasonably satisfactory to Purchaser; provided, however, that such reports may be consolidated with similar reports prepared in connection with one or more of the other
Multi-Hearth Furnace Contracts related to the Units. Seller shall at all times keep the Site free from unreasonable accumulation its waste materials or rubbish. As soon as practicable after the completion of the Work on Site, Seller shall remove all
waste material and rubbish from and around the Site, and Seller shall also remove all of its construction and installation equipment and materials not required to complete Sellers obligations to Purchaser under the other Multi-Hearth Furnace
Contracts.

Certain Purchaser Obligations. Purchaser shall provide (or cause to be provided) at the Site: (a) suitable roads, access,
egress, laydown and storage areas for the Equipment and other Work, and parking all as more particularly described in Attachment 17 (Site Layout), and (b) water, electric power, and other utilities all as more particularly described
in Attachment 18 (Description of Water, Electric Power and Other Utilities Required by Seller). Furthermore, if in performance of the Work Seller encounters unknown and concealed subsurface conditions at the Site which are inconsistent
with and not reasonably inferable from the information provided by or on behalf of Purchaser to Seller concerning the Site or surrounding areas, then notice of such conditions shall be promptly given to Purchaser by Seller. If such conditions are,
in fact, of such nature so as to materially and adversely affect the performance by Seller of its obligations under this Contract, then Seller will be entitled to equitable adjustment in the Contract Price or the Project Schedule, or both in
accordance with Article 19. In addition, if part of the Work depends upon proper execution or results of other work to be



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performed by Purchaser, EPC Contractor, or anyone under the direction or control of either, Purchaser shall cause such work to be performed correctly and in
a manner so as not to impede Sellers progress in the Work pursuant to a Change Order executed in accordance with Article 19.

Hazardous
Materials.Purchaser, at its sole cost and without cost or liability to Seller, shall remove and dispose of any Hazardous Materials that are identified at the Site by Seller in performing the Work except for Hazardous Materials that were
brought onto the Site by Seller, its Subcontractors or any other person or entity performing Work on behalf of Seller, in which case Seller, at its sole cost and without cost or liability to Purchaser, shall remove and dispose of such Hazardous
Materials. Hazardous Materials means any substance or material that is, or may become, dangerous or harmful to the health and welfare of life or the physical environment that is included within the definitions of hazardous
substances, hazardous waste, hazardous materials, toxic substances, hazardous pollutants or toxic pollutants in any environmental or other federal, state or local Applicable Legal
Requirements.

Article 2. Contract Price

Purchaser
shall pay to Seller the fixed-price Contract Price in the amount of * dollars ($*) in full payment and consideration for the Work and the performance by Seller of its obligations under this Contract. All pricing information provided is in U.S.
dollars. The Contract Price is subject to adjustment in accordance with Article 3 and the other terms of this Contract. Payment shall be made in accordance with the payment terms and conditions set forth in Article 4 and in accordance with the
Schedule of Values set forth in Attachment 3.

Article 3. Project Security and Favored Customer Status

Project Security. Seller shall commence performance under this Contract without a payment and performance bond securing such performance. However, it is the
intent of the Parties that promptly following the achievement of Unit Installation for Units #1 and #2, that Seller shall furnish a separate performance and payment bond (the Bond) in an amount equal to the total Contract Price
and otherwise in form and substance substantially similar to the forms of bond set forth in Attachment 13 (Form of Performance/Payment Bond). The Bond shall secure performance by Seller (other than for the portion of the Work
constituting design services and any warranty and Performance Guarantees) of all of its obligations under this Contract to cause Unit #4 to achieve Substantial Completion as provided in Article 10 herein and shall also secure payment by Seller of
each Subcontractor performing work with respect to Unit #4. The Bond applicable to Unit #4 shall only secure performance with respect to Unit #4. The Contract Price includes * dollars ($*) in respect of this Bond.

If Seller fails to obtain within ten (10) Business Days following the achievement of Unit Installation for Units #1 and Unit #2, or once obtained, to maintain the
Bond, then such failure shall not be a default hereunder, but upon sixty (60) days prior notice to Seller, Purchaser may terminate this Contract in whole or in part for such failure by Seller to obtain or maintain the Bond and such
termination shall be Purchasers sole remedy in such event. Seller shall not owe damages or other termination charges in connection with any termination under this Article 3. If Purchaser terminates this Contract pursuant to this Article 3,
then Purchaser shall also be entitled to terminate all of the other Multi-Hearth Furnace Contracts pursuant to Article 3 thereunder. If Purchaser terminates any of



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the other Multi-Hearth Furnace Contracts pursuant to Article 3 thereunder, then Purchaser shall also be entitled to terminate this Contract pursuant to
Article 3 hereunder. In connection with any termination of this Contract pursuant to this Article 3, Contractor shall be paid the Termination Payments described in Article 5 below (but no other amounts payable in connection with a termination for
convenience) associated with such termination. Upon termination pursuant to this Article 3 (and, if terminated, pursuant to any or all of the other Multi-Hearth Furnace Contracts pursuant to Article 3 thereunder), Seller shall assign all
subcontracts and/or purchase orders and deliver all Equipment and materials procured pursuant to any and all purchase orders entered into by Seller with Subcontractors.

At any time following the Unit Installation Completion Date, Purchaser may direct or approve, by written notice to Seller, a reduction in amount or termination of the Bond for Unit #4 so as to facilitate the issuance
or enhancement of performance security provided by or on behalf of Seller under the other Multi-Hearth Furnace Contracts.

Any termination of this Contract
by Purchaser under this Article 3 shall be effective upon receipt by Seller of written notice thereof. Upon receipt of such termination notice, Seller shall cease (and not merely suspend) performance of the Work. In the event of termination under
this Article 3, Seller shall be entitled to the following payments:



| | (i) | the reimbursable costs, if any, incurred through the effective date of termination which have not yet been reimbursed by Purchaser, and
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | all amounts outstanding under Article 4 and not yet paid for achievement of Milestones and/or progress payments and for Work performed, including work-in-progress at the time of
termination, so long as such work-in-progress is made available to Purchaser.
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In addition to the above payments in this Article 3, Seller
shall be entitled to keep all funds previously paid by Purchaser under this Contract in accordance with Article 4 for Work performed prior to termination, and such amounts together with the above payments shall constitute payment in full of the
Contract Price, and Seller shall receive no further payments under this Contract. Seller shall calculate amounts due pursuant to this Article 3 and submit such calculation to Purchaser within thirty (30) days of termination together with
documentation substantiating all costs, which amounts will be subject to audit by Purchaser. In no event shall Seller be entitled to lost profits, opportunity costs or other amounts with respect to Work that has not been performed prior to
termination under this Article 3. Payments resulting from this termination (or any portion thereof) will be made by Purchaser within thirty (30) days following a correct invoice therefor accompanied by reasonable documentation in support
thereof. Purchaser shall own, and have salvage rights to, all materials and other Work to the extent that Purchaser has paid for the same, and Seller shall make such materials reasonably accessible to Purchaser or deliver to Purchaser, at
Purchasers option, any materials or Work paid for by Purchaser but in the possession of Seller or its Subcontractors promptly after termination under this Article 3. In addition, Seller shall assign to Purchaser any or all of its contracts
with Subcontractors relating to the Work (including, but not limited to, any warranties relating to equipment or materials previously supplied by such Subcontractor) as and to the extent requested in writing by Purchaser. Notwithstanding termination
hereunder, the Parties shall remain liable to each other for liabilities that have accrued under other terms



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of this Contract prior to such termination, and the Parties shall remain obligated and liable for obligations under this Contract that by their express terms
survive termination, but only to the extent applicable. The Parties recognize, agree and acknowledge that Purchasers termination right hereunder is a permitted action under this Contract and not a breach hereof or a default hereunder.

Within ten (10) Business Days following the execution of this Contract by both Parties, Purchaser shall furnish a guaranty by Owner, in form
and substance substantially similar to the Form of Parent Guaranty set forth in Attachment 14, whereby Owner shall guarantee Purchasers financial obligations to Seller pursuant to the terms and conditions of this Contract (Parent
Guaranty); provided, however, that such Parent Guaranty shall expire, and neither Purchaser nor Owner shall thereafter be required to provide security hereunder for the benefit of Seller upon the date of Financial Close for the Project.

Seller shall provide a level of service to Purchaser consistent with and reasonably no less
than the level of services provided to Sellers other customers for Sellers services. Furthermore, upon Purchasers request and to the extent necessary considering the Project Schedule and the general progress of the Work, Seller
shall make Bill Mansfield and Bill Lill available to the Project for up to three and one-half (3 1/2) days a week for the Work
until Unit Installation for all four (4) of the Units has been achieved. Seller also agrees to give Purchaser a priority to use Sellers capacity during the term of this Contract and each of the other Multi-Hearth Furnace Contracts by
giving Purchaser the first right of refusal to negotiate (an) additional order(s) for up to and including four (4) multi-hearth furnaces in addition to the four (4) multi-hearth furnaces provided for in this Contract and the other
Multi-Hearth Furnace Contracts of a size substantially similar to the Units. To exercise this right, Purchaser shall give Seller as much advance notice as is practical of a potential order that will trigger operation of this Purchaser right. Also,
Seller shall advise Purchaser in writing before Seller enters into any agreement(s) that would prevent Seller from having the capacity to provide Purchaser with up to and including four (4) additional multi-hearth furnaces in addition to the
four (4) multi-hearth furnaces provided for in the Multi-Hearth Furnace Contracts. Purchaser and Seller shall have up to seven (7) Business Days after receipt of such written notice from one Party to the other to determine if the Parties
will negotiate in good faith to supply such additional multi-hearth furnace(s) to Purchaser. If the Parties so agree, they shall thereafter negotiate in good faith the agreement for the additional multi-hearth furnace(s). Purchasers first
right of refusal granted under this Article 3 is one and the same with Purchasers first right of refusal granted under Article 3 of each of the other Multi-Hearth Furnace Contracts.

Article 4. Payments and Liens

Contract Price.
Purchaser shall pay the Contract Price to Seller in the manner and at the times specified in this Article 4, and Seller shall accept such payment of the Contract Price by Purchaser (exclusive of taxes and other governmental charges, for which
Purchaser is responsible as provided in Article 17) for the Work to be performed and all materials to be delivered hereunder, which Contract Price shall only be subject to additions and deductions by Change Orders as provided in Article 19 of this
Contract.



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Schedule of Values. The Schedule of Values included as Attachment 3 will serve as the basis for progress
payments; provided, however, that Purchaser shall withhold * percent (*%) from each payment as retainage until Substantial Completion is achieved for all four (4) Units. The retainage shall be held by Purchaser as security for performance of
Sellers obligations hereunder and any interest thereon shall accrue for the account of Purchaser and not Seller. Purchaser shall hold and apply the retainage to cure any Seller defaults, satisfy Sellers obligation for payment of
Liquidated Damages, make payments to remove liens filed by Subcontractors against Seller or any part of the Project or the Equipment (but not if Seller has provided a lien bond covering the full amount of the lien), and satisfy any and all other
payment obligations of Seller under this Contract related to Unit #4. Upon Substantial Completion for all four (4) Units, all unapplied retainage and other amounts due Seller pursuant to this Contract shall be paid except retainage in an amount
equal to one hundred fifty percent (150%) of the remaining Punch List items for Unit #4 shall continue to be held by Purchaser until such Punch List items have been completed. The retainage amount allocated to each Punch List item shall be paid
promptly upon completion of such Punch List item and submission of an Application for Payment therefor.

Application for Payment. Seller
shall, on or before the fifth (5th) day of each calendar month (or the following Business Day), prepare and submit to Purchaser Applications for Payment for the prior calendar months Work (each, Application for Payment)
which shall include:



| | (i) | identification of each completed Milestone identified in Attachment 3 (Schedule of Values);
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| | (ii) | description of the applicable Work completed;
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| | (iii) | the total payment sought in the Application for Payment based upon the Schedule of Values, including the appropriate supporting documentation of the foregoing;
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | partial waivers and releases of liens from Seller and each of its Subcontractors with contracts with Seller having a value of one hundred thousand dollars ($100,000) or more (each a
Major Subcontractor), in each case in the appropriate form set forth in Attachment 5 (Lien Waiver Forms); or, if such waiver and release is not provided, a lien bond in the full amount then due under the applicable
Major Subcontractor subcontract;
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) | tax forms, legible copies of invoices, and such other information Purchaser may require, and which Seller possesses or may reasonably obtain, to support tax exemptions, rebates or
other tax incentive programs for the Project; and
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vi) | such other information reasonably requested by Purchaser.
| | ---- | ---------------------------------------------------------

Within ten
(10) Business Days after the receipt of each Application for Payment, Purchaser shall review the Application for Payment to verify:



| | (i) | completion of the Work for which payment is sought;
| | --- | ---------------------------------------------------



| | (ii) | that the Work conforms to its requirements;
| | ---- | -------------------------------------------



| | (iii) | that the invoice and supporting documentation have been properly submitted and are accompanied by appropriate waivers and releases of liens (or lien bond) from Seller and applicable
Major Subcontractors in the appropriate form set forth in Attachment 5 (Lien Waiver Forms); and
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| | (iv) | that the invoiced amount reflects the value of the Work identified in the Schedule of Values.
| | ---- | ---------------------------------------------------------------------------------------------

Upon such verification, Purchaser shall approve the Application for Payment or shall advise Seller if all or any portion of the Application for Payment is not approved. Purchaser shall provide specific reasons for any
disapproval of an Application for Payment or a portion thereof. If Purchaser disputes a portion of an Application for Payment, Purchaser shall nonetheless pay the undisputed portion of the Application for Payment in accordance with this Contract;
provided, however, that Purchaser may withhold a maximum of * dollars ($*) of disputed amounts at any one time under this Contract and all of the Multi-Hearth Furnace Contracts (collectively), and any disputed amount in excess of * dollars ($*)
shall nonetheless be paid to Seller, subject to Purchasers ability to recover the applicable portion of such amounts, together with interest to the extent the dispute is resolved in Purchasers favor. Disputes involving payments or
Applications for Payments will be handled in accordance with Article 28.

Within thirty (30) days after receipt of each Application for Payment,
Purchaser shall pay directly to the account of Seller all amounts properly due and owning in respect of the Application for Payment.

If any amounts
withheld are subsequently found to have been due and owing in accordance with this Contract, Purchaser shall pay Seller a late charge on any such amount from the day following the original due date until the date of payment at the Late Payment Rate.
If any amounts paid are subsequently found to have not been due and owing, Seller shall refund such amounts and pay Purchaser an improper payment charge at the Late Payment Rate on any such amount from the day following the date paid to Seller until
the date of refund.

Payment of Subcontractors. Seller shall: (a) promptly pay each of its Subcontractors the amount to which such
Subcontractor is entitled; (b) indemnify and hold harmless Purchaser from any loss, cost or expense, including, but not limited to, reasonable attorneys fees, arising from Sellers uncured breach of this Article 4; and (c) by an
appropriate agreement with each Subcontractor, require each Subcontractor to make payments to their respective subcontractors in a similar manner. Seller shall cause each Major Subcontractor to provide Purchaser with a lien waiver in the appropriate
form in Attachment 5 (Lien Waiver Forms) at the time of each Application for Payment through the last payment received by Seller and upon completion of the Work. In lieu of a lien waiver, Seller may provide a lien bond or other security
reasonably satisfactory to Purchaser. Purchaser shall have no obligation to pay or ensure the payment of any monies to any Subcontractor except as may otherwise be required by Applicable Legal Requirements.

Effect of Changes in Contract Price. Changes to the Contract Price will be made pursuant to Change Orders in accordance with Article 19.

Right of Offset. Either Party shall be entitled at all times to set-off against any amount due to the other Party under this Contract any amount otherwise
due under this Contract. In addition, either Party shall be entitled at all times to set-off against any amount due to the other Party under any Multi-Hearth Furnace Contract any amount otherwise due under this Contract.



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Conditions for Final Payment. As a condition for Purchasers final payment for the Work, Seller shall:
(a) submit a final release and lien waiver in the appropriate form in Attachment 5 (Lien Waiver Forms), which release and lien waiver will be conditioned upon receipt of the final payment; (b) provide all final
as-built drawings, manuals, documentation, and test reports as specified in Attachment 2 (Technical Requirements) and this Contract; (c) prepare and submit the final and complete operations and maintenance manual, if
required, and other submittals specifically required to be submitted; and (d) provide any other deliverables included within the Work that have not been previously provided.

Liens.Provided Purchaser makes all payments when due hereunder and under each of the other Multi-Hearth Furnace Contracts, Seller shall keep Purchasers Site and the Project (or any
component thereof) free and clear of all claims and encumbrances arising from performance of the Work by Seller or its Subcontractors. Seller shall indemnify and save harmless Purchaser from all lien claims, demands, cause of action, or suits of any
nature to the extent caused by the Services, labor, materials and any other component of the Work furnished by Seller or Subcontractors to the extent Purchaser has paid Seller therefor. Fully executed partial release and waiver of liens and claims
in the forms set forth in Attachment 5 (Lien Waiver Forms) shall accompany each Application for Payment. Such partial waiver of liens shall be to the extent of payments made by Purchaser to Seller with respect to each applicable Major
Subcontractor. Prior to final payment Seller shall furnish in the appropriate form in Attachment 5 a good and sufficient waiver of lien from itself and:



| | (i) | a release of liens and waiver from every Major Subcontractor, or,
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| | (ii) | if any Major Subcontractor refuses to furnish a release and waiver in full, Seller shall, at its own expense, furnish a bond or other security reasonably satisfactory to Purchaser
and EPC Contractor to indemnify Purchaser and EPC Contractor against any claim of lien until the lien is removed or the statutory period to file any action on such lien has expired.
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

If any claim or lien is asserted by any Subcontractor or any person or entity claiming rights as a result of its relationship with Seller or any Subcontractor against
the Site or the Project (or any component thereof) and Seller does not within a reasonable time remove, satisfy, or otherwise settle or provide reasonable security against such claim or lien, Purchaser may, in its sole discretion, withhold the full
amount of such claim or lien from any amounts due to Seller hereunder (without obligation to satisfy or settle such claim or lien) until such time as such lien or claim is unconditionally released or Seller satisfies such lien or provides a bond or
other security reasonably satisfactory to Purchaser.

Article 5. Termination for Convenience

Purchaser shall have the right to terminate this Contract at any time for its convenience, and termination for convenience shall be effective upon receipt by Seller of
written notice thereof. Upon termination for convenience, Seller shall be entitled to payment as set forth below; provided, however, that prior to the earlier of Financial Close for the Project or February 28, 2009, total payments due to Seller
for all Work performed up to the date of termination shall in no event exceed * percent (*%) of the aggregate Contract Prices of the four (4) Multi-Hearth Furnace Contracts plus costs incurred pursuant to Article 24, if any. Seller shall be
entitled (but shall not be



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obligated) to stop the Work under this Contract and upon such election and the provision of written notice thereof to Purchaser, the Work shall be considered
suspended in accordance with Article 24 below if Purchaser fails to achieve Financial Close before February 28, 2009, in which case: (a) the reasonable costs of suspension as allowed pursuant to Article 24 will be recoverable by Seller,
such costs shall be paid promptly to Seller upon submission of an Application for Payment therefor and such costs shall not be included within the * percent (*%) limit set forth above; and (b) notwithstanding anything to the contrary in Article
24, Seller shall not be required to resume any Work until it is reasonably assured that Purchaser can pay for such Work. In addition, if Financial Close for the Project has not occurred by April 30, 2009, Seller may terminate this Contract and
the other Multi-Hearth Furnace Contracts for its convenience and shall not be required to continue the Work. In such event, Seller shall be entitled to recover all costs as if it had suspended the Work pursuant to Article 24, which shall be paid
promptly to Seller upon submission of an Application for Payment therefor. Notwithstanding the reference to Article 24 in the preceding sentence, such reference is solely with respect to cost recovery, and Purchaser shall not be entitled to the
additional cure periods described in Article 24 for purposes of this Article 5.

If the Project Schedule cannot be maintained as a result of the * percent
(*%) limit set forth above, Seller shall notify Purchaser in writing as soon as it is aware that additional costs are required to maintain the Project Schedule. Approval to exceed the * percent (*%) limit set forth above or to extend the Project
Schedule will be made solely and promptly by Purchaser in consultation with Seller. In no event shall total payments for Work performed up to the earlier of Financial Close for the Project or February 28. 2009 due to Seller exceed * percent
(*%) of the aggregate Contract Prices of the four (4) Multi-Hearth Furnace Contracts, plus costs incurred pursuant to Article 24. If Financial Close for the Project occurs after February 28, 2009, then Seller shall be entitled to an
equitable adjustment of the * percent (*%) limitation described in the preceding sentence as required to maintain the Project Schedule notwithstanding such delay pursuant to a Change Order executed in accordance with Article 19.

In the event of termination for convenience and subject to the limitation above on spending prior to Financial Close for the Project, Seller shall be entitled to the
following payments:



| | (i) | the reimbursable costs, if any, incurred through the effective date of termination which have not yet been reimbursed by Purchaser,
| | --- | -----------------------------------------------------------------------------------------------------------------------------------



| | (ii) | all amounts outstanding under Article 4 and not yet paid for achievement of Milestones and/or progress payments for Work performed or in progress,
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | all necessary and reasonable cancellation charges incurred by Seller in relation to its Subcontractors; provided, however, that Seller has exercised reasonable efforts to minimize
such costs, and
| | ----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iv) | reasonably incurred actual costs of demobilization.
| | ---- | ---------------------------------------------------

The
foregoing payments described in clauses (i) to (iv) above are referred to collectively as the Termination Payments.

In addition to
the above payments upon termination for convenience, Seller shall be entitled to keep all funds previously paid by Purchaser under this Contract in accordance with Article 4 for Work performed prior to termination, and such amounts together with



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the above payments shall constitute payment in full of the Contract Price, and Seller shall receive no further payments under this Contract. Seller shall
calculate amounts due pursuant to this Article 5 and submit it to Purchaser within thirty (30) days of termination together with documentation substantiating all costs, which amounts will be subject to audit by Purchaser. In no event shall
Seller be entitled to lost profits, opportunity costs or other amounts with respect to Work that has not been performed prior to termination. Total payments under this Article 5 together with all other payments made under this Contract to Seller
prior to termination shall not in any event exceed * percent (*%) of the Contract Price. Notwithstanding a termination hereunder, the Parties shall remain liable to each other for liabilities that have accrued under other terms of this Contract
prior to such termination, and the Parties shall remain obligated and liable for obligations under this Contract that by their express terms survive termination, but only to the extent applicable. The Parties recognize, agree and acknowledge that
Purchasers termination right hereunder is a permitted action under this Contract and not a breach hereof or a default hereunder. Payments resulting from this termination (or any portion thereof) will be made by Purchaser within thirty
(30) days following a correct invoice therefor accompanied by reasonable documentation in support thereof. Purchaser shall own, and have salvage rights to, all materials and other Work to the extent that Purchaser has paid for the same, and
Seller shall make such materials reasonably accessible to Purchaser or deliver to Purchaser, at Purchasers option, any materials or Work paid for by Purchaser but in the possession of Seller or its Subcontractors after termination. Termination
for cause is addressed in Article 24. In addition, Seller shall assign to Purchaser any or all of its contracts with Subcontractors relating to the Work (including, but not limited to, any warranties relating to equipment or materials previously
supplied by such Subcontractor) as and to the extent requested in writing by Purchaser.

The Parties understand and agree that any entitlements accruing to
Seller pursuant to this Article 5 are intended and designed to compensate Seller for its reasonable costs of suspension as to the entire Project and not simply as regards Unit #4, and, therefore, any payments made by Purchaser to Seller under this
Article 5 shall not be duplicative of similar payments made under the other Multi-Hearth Furnace Contracts. If Seller elects to terminate this Contract for convenience pursuant to this Article 5, Seller shall simultaneously terminate each of the
other Multi-Hearth Furnace Contracts pursuant to Article 5 therein.

Article 6. Title Transfer, Delivery, Risk of Loss, Shipment to Storage

Passage of Title. Title to each item of Equipment or materials shall be passed to Purchaser upon delivery to the Delivery Point or
payment, whichever occurs first.

Delivery and Delivery Point. The Delivery Point shall be the location at the Site
designated by Purchaser in a written notice to Seller. Purchaser may change the location of the Delivery Point with Sellers consent, which shall not be unreasonably withheld, conditioned, or delayed. Delivery shall occur
after off-loading the Equipment at the Delivery Point. Within two (2) Business Days after receipt of written notice from Seller that Equipment has been off-loaded at the Site, Purchaser shall provide written notice to Seller of any rejection of
such Equipment, but Seller may keep such Equipment on site if the reason for the rejection may be corrected or cured during Sellers performance of the Work.



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Passage of Risk of Loss. Seller shall remain responsible for risk of loss or damage to the Equipment and
materials incorporated therein until Delivery. Thereafter, the Equipment shall remain in the custody and control of Seller until incorporated into the Project but shall be covered under Purchaser and/or EPC Contractors All Risk
Builders Risk insurance, under which Seller and its applicable Subcontractors shall be additional insureds and who shall receive a waiver of subrogation thereunder.

Shipment to Storage. Seller shall be responsible for all storage costs prior to Delivery except in the case where, after the Scheduled Ready to Ship (RTS) Date (Scheduled RTS
Date), any part of the Equipment cannot be shipped to the Delivery Point because Purchaser cannot accept delivery due to reasons other than those caused by Seller. If Purchaser cannot accept delivery after the Scheduled RTS Date, Seller
may ship such part of Equipment to storage upon written notice to Purchaser and approval by Purchaser of the proposed storage facility, which approval shall not be unreasonably withheld, conditioned, or delayed. For the purposes of this section,
unless otherwise specified herein, the Scheduled RTS Date for any part of the Equipment shall be the date that is four (4) weeks prior to the date for delivery of such part as is specified in Attachment 3 (Schedule of Values). Upon
Purchasers notice of its ability to accept Delivery of the Equipment, Seller shall resume transportation of the Equipment to the Delivery Point. To the extent the Equipment or part thereof is placed in storage as provided under this Article
after the Scheduled RTS Date, the following conditions shall apply:



| | (i) | title shall thereupon pass to Purchaser (if it had not already passed) upon arrival at the approved storage facility, but risk of loss shall remain with Seller until Delivery;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | any amounts otherwise payable to Seller upon Delivery or title transfer shall be due and payable; and
| | ---- | -----------------------------------------------------------------------------------------------------



| | (iii) | Purchaser shall be responsible for the reasonable storage and maintenance costs and any insurance or other related costs, and Purchaser shall pay such costs (including late payment
charges imposed by the storage provider) on a monthly basis upon submission of Sellers invoices and reasonable supporting documentation. Seller shall remain responsible for the original shipping costs to the Site but Purchaser shall be
responsible for any additional shipping costs associated with the storage. Storage of Equipment will be so maintained by Seller for up to one (1) year. If storage of Equipment is required beyond one (1) year, the Parties shall negotiate a
mutually agreeable solution to disposition of the Equipment, which disposal will be at Purchasers expense.
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Sellers
Transportation Service. Except for extra shipping costs incurred as a result of storage, Seller shall provide transportation for the Equipment as a part of this Contract. Seller shall be responsible for all fees and expenses including, but
not limited to, those covering preparation of consular documents, freight, and warehouse-to-warehouse and warehouse-to-Site insurance. In performing such service, Seller will comply with reasonable instructions of Purchaser or, in the absence
thereof, shall act according to its best judgment. Seller shall retain risk of loss for the Equipment during transportation, subject to Articles 20 and 25, and shall be liable or otherwise held responsible for any delay in performance of the
transportation service or arrival of the Equipment, except to the extent such delays are caused by shipment to storage after the Scheduled RTS Date, Purchaser or anyone under its direction or control (other than Seller or its Subcontractors). Claims
by Purchaser for damaged Equipment shall be accompanied by documentation reasonably necessary to substantiate the claim.



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Article 7. Drawings

Seller shall furnish PDF files of all plans, drawings, specifications and similar documents delivered by Seller in performing the Work (Drawings) in accordance with the data submittal requirements set forth in Attachment
2 (Technical Requirements). Timely submittal of all required data is important for support of overall Project design and installation schedules. Such Drawings shall be properly identified as directed by Purchaser. All Drawings submitted
by Seller shall be first submitted to Purchaser before being submitted in final form to Purchaser. Purchaser may make suggestions regarding the Drawings, but such review by Purchaser shall not relieve Seller from responsibility for errors or
omissions therein. If Purchaser makes any correction, change or suggestion to any Drawing, Purchaser shall return the Drawing to Seller no later than fourteen (14) days after receipt from Seller. All changes required as a result of errors or
omissions shall be made by Seller irrespective of any prior review by Purchaser. For the avoidance of doubt the provided Drawings shall be comparable to those normally supplied by Seller in connection with a new MHF installation.

All non-proprietary Drawings prepared by Seller for the Project and delivered to Purchaser shall be the sole property of Purchaser. Purchaser shall have a royalty-free,
irrevocable, perpetual license to use all proprietary Drawings solely in connection with the construction, operation and maintenance of the Project, and Purchaser shall be entitled to share the Drawings with EPC Contractor as required to design and
erect any interfacing or connecting structure, piping, electrical raceway, instrumentation or other similar appurtenances; provided, however, that EPC Contractor agrees to the same restrictions on use as Purchaser in a writing addressed to Seller
and signed by EPC Contractor. Any disclosure of Confidential Information in the Drawings designated as provided in Article 26 shall be subject to confidentiality provisions at least as strict as those included in Article 26 and in the
confidentiality agreement between the Parties included at Attachment 11 (Confidentiality Agreement). Seller shall deliver all Drawings to Purchaser not later than the completion of the Work.

During the progress of the Work, Seller shall keep at the Site a record of all Work performed which is different from, or in addition to, that shown on Purchasers
drawings, a copy of which shall be provided to Purchaser promptly after their preparation or, if applicable, after their correction or modification. Such changes by Seller shall clearly and accurately show the as-built conditions and
dimensions of all Equipment. Seller shall deliver copies of such final as-built drawings to Purchaser as requested and as a condition of final payment.

All documents used to develop the Drawings created by Seller and delivered pursuant to this Contract, including, but not limited to, all drafts, studies, work papers, work product, data and information delivered to Purchaser as part of the
Work (collectively, Materials) and all of Sellers copyrights, inventions and other intellectual property interest therein will remain owned solely and exclusively by Seller, and Purchaser shall retain no ownership interest
therein, whether or not the Project is completed, except as specifically provided herein. Seller hereby grants Purchaser a non-exclusive, perpetual, irrevocable, fully paid-up license to copy, create derivative works of, and transmit all or any part
of the delivered Materials solely in connection with the ownership, financing,



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operation, maintenance, repair or replacement of the Project, but any disclosure of any of the foregoing delivered Materials designated as Confidential
Information in accordance with Article 26 shall be subject to confidentiality provisions at least as strict as those included in Article 26 and the confidentiality agreement between the Parties included at Attachment 11. Before any of the
confidential or proprietary delivered Materials are disclosed to any person or entity other than Purchaser, EPC Contractor or any lender, such person or entity shall agree to confidentiality terms at least as strict as those included in Article 26.

Article 8. Quality

Substitution of other items for
those specified in the specifications by brand name is not acceptable unless the term or approved equal appears in the specifications or if the specified item is not available on commercially reasonable terms (including, but not limited
to, the delivery schedule for such item). Should Seller wish to substitute items, Seller shall make a written request to Purchaser and will provide data to demonstrate that the substituted item(s) is, in fact, technically equivalent or better and of
comparable or better quality to the specified item. All substituted items must be approved in writing by Purchaser, which approval will not be unreasonably withheld, conditioned, or delayed. Except to the extent Seller would otherwise be entitled to
a Change Order, under no circumstances shall Purchasers acceptance or rejection of a Sellers request for an approved equal item result in an increase in the Contract Price, delay in the Project Schedule, or a change in the
performance requirements. Acceptance or rejection of Sellers request shall be given within seven (7) days of receipt of such request accompanied by supporting data.

Seller shall ensure that the Equipment complies with the standards of quality specified by this Contract or those customary in the industry if no requirement is specified. Purchasers and/or EPC Contractors
quality surveillance representative shall, upon reasonable prior written notice, be afforded free escorted access during working hours on reasonable notice to plants of Seller and Seller shall use reasonable efforts to procure a similar right for
Purchaser and EPC Contractor and their respective designees for quality surveillance purposes with respect to Sellers Suppliers of non-commodity items (i.e., refractory, steel shell, and fabricated appurtenances and mechanical
equipment, including fans, shaft drives, cyclones, and furnace castings) to monitor compliance with quality requirements. The authorized quality surveillance representative of Seller, Purchaser, Owner, or EPC Contractor shall adhere to all of
Sellers and its Suppliers generally applicable safety and other regulations. Such representatives right to inspect, examine and test the Equipment shall extend through the manufacturing process, the time of shipment, and a
reasonable time after arrival at the Delivery Point. Sellers failure to adhere to the standards of quality required under this Contract shall be grounds for termination if not cured as required herein.

Notwithstanding the foregoing, Seller shall be solely responsible for the quality standards activities covering its operations and that of its Suppliers.

The making or failure to make an inspection, examination or test of, or payment for, or acceptance of the Equipment shall in no way relieve Seller from its obligation to
conform to all of the requirements of this Contract and shall in no way impair Purchasers right to



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reasonably reject or revoke acceptance of nonconforming Equipment, or to avail itself of any other remedies to which Purchaser may be entitled under this
Contract, notwithstanding Purchasers knowledge of the nonconformity, its substantiality or the ease of its discovery; provided, however, that Purchaser and EPC Contractor shall promptly advise Seller of any such nonconformity of which either
becomes aware.

If at any time prior to completion of Performance Testing a problem in the Equipment develops that could potentially delay completion of
Performance Testing or give rise to a claim of rejection, and provided that Purchaser or EPC Contractor gives Seller written notice of the nonconformance or defect promptly after either has actual knowledge of same, Seller shall promptly present a
proposal to remedy or fix to such problem and shall promptly implement and diligently pursue a remedy to the problem. An investigation will promptly be conducted by Purchaser with Seller to determine the actual origin of the problem. Except for
those Certain Purchaser Test Obligations, Seller will bear the cost of the repairs, namely, the repair, replacement, removal, disassembly of any Equipment (but not equipment or systems not part of the Work) and related transportation,
reinstallation, reconstruction, re-testing, and re-inspection thereof as may be necessary to correct the nonconformity or defect or demonstrate that the previously defective Work conforms to the requirements of this Contract (including all labor
costs associated therewith), but only to the extent Seller, or its Subcontractors or any other person or entity supplying Equipment or otherwise performing Work or other activities on behalf of Seller hereunder (collectively, Seller
Parties) is responsible for the problem. Any repair or work performed by Seller resulting from the responsibility of others besides Seller or the other Seller Parties (including repair or Work (i) on Equipment within the scope of
others obligations, (ii) resulting from improper maintenance, misuse or abuse by Purchaser or EPC Contractor, or (iii) otherwise resulting from circumstances beyond the reasonable control of Seller Parties) shall be considered extra
work under this Contract, and Seller shall be reimbursed accordingly pursuant to a Change Order and, if applicable, Seller shall also be entitled to an equitable adjustment in the Project Schedule.

Article 9. Schedule and Performance

Order Definition
Meeting. Seller will schedule an Order Definition Meeting within fifteen (15) days of execution of this Contract. Seller will advise Purchaser of the final Drawing delivery schedule at the conclusion of the Order Definition Meeting.

Project Manager; Notices. No later than the date of the Order Definition Meeting, each Party will appoint an individual person as its
respective Project Manager, who shall be authorized to act on each respective Partys behalf, and each Party will identify that person to the other Party. Each Party hereby represents to the other Party that the person so identified will be
authorized to act on behalf of each respective Party in matters connected with this Contract; provided, however, that this Contract shall only be amended or supplemented in writing pursuant to a Change Order, and provided, further, that each
Partys Project Manager shall be the same individual person appointed as Project Manager pursuant to other Multi-Hearth Furnace Contracts.



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All notices, demands, requests, consents, approvals or other communications required or permitted to be given under this
Contract shall be in writing and addressed to the respective Partys Project Manager at the address identified by the Project Manager at the outset of the Project or such other address as a Party may designate to the other by written notice.
All notices shall be sufficient if given in writing and delivered personally, the next Business Day if by overnight courier service with proof of service, or certified mail, return receipt requested and postage prepaid. Notices may be provided by
facsimile if subsequently confirmed by another permitted method. Notices are effective upon receipt.

Schedule and Performance. Seller shall
deliver the Drawings and Equipment and complete the Work on or before the mutually agreed upon delivery and completion dates set forth in Attachment 2 (Technical Requirements) and Attachment 6 (Scheduled Completion Dates)
(each, a Scheduled Completion Date). Based on the Scheduled Completion Dates, Seller will develop a detailed procurement and construction schedule for the Work sufficient to: (a) achieve the key dates set forth in Attachments
2 and 6, (b) support integration with the EPC Contractors Project Schedule existing as of the Effective Date (EPC Schedule), and (c) develop a monthly cash flow forecast for the Work based on the Schedule of
Values. Such detailed schedule shall be provided to Purchaser within three (3) weeks of the Effective Date. The Work is part of a larger Project and Seller acknowledges that timely delivery of its Drawings to other contractors of Purchaser is
as critical as delivery of the Equipment itself. Seller shall use as much manpower and work as many hours as necessary to meet the Project Schedule; provided that Seller shall not be obligated to increase the size of its work force by more than *
percent (*%) nor add another shift nor work more than * days a week in order to satisfy such obligation to meet the Project Schedule. If Seller satisfies its obligation set forth in the preceding sentence but nevertheless fails to meet the Project
Schedule, Sellers aggregate liability hereunder for such delay shall be the Liquidated Damages, as hereinafter defined. If Purchaser determines that Seller is not on a pace in the Work to meet the Project Schedule, Purchaser may, but shall not
be obligated, to direct Seller to reasonably increase the size of its work force by more than * percent (*%), pursuant to the Change Order process in the immediately following paragraph. If Seller is unable to overcome such delay and meet the
Project Schedule, whether or not Purchaser directs Seller to increase the size of its work force pursuant to a Change Order, the Parties understand acknowledge and agree that Purchasers remedy is limited to the Liquidated Damages described
below. Except as specifically permitted under this Contract, and provided Purchaser pays all disputed amounts as and to the extent required under applicable provisions of Article 4 in each Multi-Hearth Furnace Contract, Seller will not halt, suspend
nor stop its Work unless so directed by Purchaser, notwithstanding the existence of any disputed claims, and Seller acknowledges that any such unexcused action will constitute a deliberate and material breach of this Contract. Purchaser acknowledges
that various work stoppages of up to seven (7) days in the aggregate may be included in the Project Schedule to facilitate overall Project completion and, as long as the overall Project Schedule is maintained, such planned work stoppages do not
constitute a breach of this Contract.

In a Change Order, Purchaser may direct Seller to work overtime, or reasonably increase the size of its work force
(e.g., by * percent (*%), but not by adding another shift or working * days a week), and Seller will provide adequate tools, equipment, labor and supervision to support such Work. The Change Order directing such additional Work will include an
increase in the Contract Price to account for such directed change and, if applicable, an equitable adjustment in the Project Schedule. The limitations on working overtime and increasing the size of the work force shall apply to all Multi-Hearth
Furnace Contracts in the aggregate (i.e., not more than * percent (*%) under each such Multi-Hearth Furnace Contract).



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In undertaking to complete the Work within the Project Schedule, Seller has taken into consideration and made reasonable
allowances for hindrances and delays incident to such Work growing out of delays in securing material or workmen. No charge or claim for additional compensation shall be made by Seller for such hindrances or delays to the extent caused by events
other than Force Majeure or Purchaser-initiated Change Orders.

To the extent a delay is caused by a Force Majeure as set forth in Article 20, Seller shall
be entitled to an equitable adjustment of the Contract Price, Project Schedule, and/or the other terms of this Contract. If the notice requirements set forth in Article 20 for such an event have not been met, Seller shall not be entitled to an
adjustment to the extent such delay or lack of notice materially prejudices Purchaser. Subject to Article 20, Seller expressly assumes all risk of availability of its normal labor requirements and unavailability of such labor shall not be a cause
for an excusable delay. Any extension granted or other adjustment in a Contract term shall be memorialized by a Change Order.

Partial shipments arriving
prior to agreed Delivery dates will be allowed, provided that final Delivery is completed for the relevant item by the indicated dates and subject to the proviso that (i) Purchaser may reasonably reject a partial shipment arriving early if such
early Delivery will cause undue interference with other activities at the Site or if there is a lack of appropriate laydown area for accepting the shipment early. Seller shall perform all the Work to achieve Unit Installation for Unit #4 on or
before the Unit Installation Completion Date for Unit #4 set forth in Attachment 6 (Scheduled Completion Dates) and to achieve scheduled Substantial Completion for Unit #4 on or before the Substantial Completion Date for Unit #4 set
forth in Attachment 6.

Notice and Report of Unit Installation Completion. When Seller determines that it has satisfied the conditions for
Unit Installation for both Units #3 and #4 pursuant to this Contract and the Multi-Hearth Furnace Contract for Unit #3, Seller shall deliver written notice of such determination with respect to Unit #4 (Notice of Unit Installation
Completion) to Purchaser in the form set forth in Attachment 4 (Form of Notice of Unit Installation Completion). The Notice of Unit Installation Completion will contain a certification by Seller that it has satisfied all of the
conditions for Unit Installation for Unit #4 pursuant to this Contract, and such notice shall be accompanied by a Notice of Unit Installation Completion, furnished pursuant to the Multi-Hearth Furnace Contract for Unit #3.

Achievement of Unit Installation Completion. Within ten (10) days of receipt of each of the Notices of Unit Installation Completion by Purchaser,
Purchaser shall inspect the Work and Unit #3 Work, and/or cause the Work and Unit #3 Work to be inspected by Purchasers Engineer and/or other designated representatives, and Purchaser shall either: (a) deliver to Seller a written
acceptance of each of Sellers Notices of Unit Installation Completion for both Units #3 and #4 by countersigning the forms set forth in Attachment 4 (Form of Notice of Unit Installation Completion) for both such Units, or
(b) notify Seller in writing that the conditions for Unit Installation for both Units #3 and #4 have not been met, stating with specificity the reasons therefor. If Purchaser countersigns the Notice of Unit Installation Completion, the date of
Purchasers receipt of each of Sellers Notices of Unit Installation Completion



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shall be deemed the Unit Installation Completion Date for both Units #3 and #4. If Purchaser notifies Seller the conditions for Unit Installation for either
Unit #3 or Unit #4 have not been met, then Seller shall either promptly undertake such action, Work and/or Unit #3 Work as is necessary to meet or verify such conditions and issue another Notice of Unit Installation Completion to Purchaser or refer
the matter to dispute resolution in accordance with this Contract. If Seller prevails in the dispute, the date of Purchasers receipt of Sellers Notices of Unit Installation Completion will be deemed the Unit Installation Completion Date
for both Units #3 and #4.

The Parties understand and agree that Unit Installation for Unit #4 depends upon, and must coincide with, Unit Installation for
Unit #3 pursuant the Multi-Hearth Furnace Contract for Unit #3, and Unit Installation for Unit #3, pursuant to such separate Multi-Hearth Furnace Contract, depends upon, and must coincide with, Unit Installation for Unit #4.

If the Work is not satisfactorily completed so as to achieve Unit Installation for both Units #3 and #4 on or before * under this Contract and the Multi-Hearth
Furnace Contract for Unit #3, for reasons other than Force Majeure, Seller shall pay as liquidated damages, and not as a penalty, under this Contract (which shall be in addition to the corresponding amount payable with respect to Unit #3 pursuant to
the Multi-Hearth Furnace Contract for Unit #3) * dollars ($*) per day of delay on or after * until the Work for both Units #3 and #4 is satisfactorily completed and the Unit Installation Completion Date for both Units #3 and #4 is achieved
(Liquidated Damages). If the applicable Work is not satisfactorily completed in accordance with this paragraph, then, for the purposes of calculating the delay period for which Liquidated Damages are owed by Seller to Purchaser,
the duration of any delay shall exclude the time that transpires between the date of Purchasers receipt of both of Sellers Notices of Unit Installation Completion, under this Contract and the Multi-Hearth Furnace Contract for Unit #3,
and the date Purchaser notifies Seller that the conditions for Unit Installation for both Units #3 and #4 have not been met. Such time shall be measured in whole days, where the date of Purchasers receipt of Sellers Notices of Unit
Installation Completion shall mark the commencement of the excluded time and the day of Purchasers notification to Seller that the conditions for Unit Installation for either Unit #3 or Unit #4 have not been met shall mark the commencement (or
recommencement) of time for which Liquidated Damages are owed by Seller to Purchaser.

The Parties agree that the Liquidated Damages payable under
this Contract may arise due to delay or problems with either Unit #3 or Unit #4, but shall be payable under both this Contract and under the corresponding provisions of the Multi-Hearth Furnace Contract for Unit #3 irrespective of the particular
Unit or Units giving rise to such delay. The Parties agree that the amount of Liquidated Damages set forth in this Article 9 is the only Liquidated Damages imposed on Seller under this Contract and is reasonable in light of the anticipated harm
caused by the delay and the difficulties of proof of loss and inconvenience or non-feasibility of obtaining any adequate remedy, and the Parties are estopped from contesting the validity or enforceability of such Liquidated Damages. Liquidated
Damages constitute Sellers sole and exclusive liability to Purchaser for delay in performance under this Contract. The foregoing Liquidated Damages Cap shall not limit any other amounts owed by Seller (e.g., indemnity, back charges for work
completed by Purchaser) pursuant to this Contract. Sellers aggregate liability for Liquidated Damages under all of the Multi-Hearth Furnace Contracts is the Liquidated Damages Cap; provided that all or any portion of the Liquidated Damages Cap
may be used to satisfy Liquidated Damages liability under any one or more of the respective Multi-Hearth Furnace Contracts.



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Notwithstanding the foregoing, if Seller would be liable for Liquidated Damages but the Project is otherwise delayed for
reasons for which Seller is not responsible, Seller shall not be obligated to pay all or the applicable portion of such Liquidated Damages to Purchaser except to the extent Sellers delay has a material adverse effect on the progress of the
Project, including acceleration by the EPC Contractor. Purchaser shall make a good faith effort to notify Seller of any potential adverse consequence so as to provide Seller with the opportunity to avoid any such material adverse effect, but failure
by Purchaser to give such notification shall not negate any claim Purchaser may have to Liquidated Damages.

Because completion of the Work is critical to
the success of the Project, Purchaser shall pay a bonus to Seller for early achievement of Substantial Completion. The early completion bonus upon early achievement of Substantial Completion shall only be payable upon achievement of Substantial
Completion, and the total amount of the early completion bonus under this Contract shall not exceed * dollars ($*). Subject to the foregoing sentence, if Substantial Completion is achieved prior to *, Purchaser shall pay as a bonus to Seller a total
of * dollars ($*) for each full day between Substantial Completion and *; provided, however, that no bonus shall be paid if both Units #3 and #4 do not achieve Substantial Completion prior to *.

If Substantial Completion is delayed due to an Event of Default by Purchaser or Force Majeure, the Project Schedule, including, but not limited to, Substantial
Completion and Unit Installation dates for calculation of the bonus calculation shall be equitably extended to compensate for such delays pursuant to a Change Order hereunder.

Article 10. Performance Guarantees and Substantial Completion

When Ready for First Fire has been achieved for both
Units #3 and #4, Purchaser shall give Seller written notice of each such event and Seller shall, within five (5) Business Days receipt of notice, commence its activities for commissioning and Performance Testing of both Units #3 and #4,
unless, and to the extent as, otherwise specifically provided in Attachment 7 (Performance Test Procedures, Conditions and Protocol). Subject to Sellers Make Good Obligation, when commissioned and tested in accordance with the
requirements in Attachment 7, Seller guarantees that Unit #4 (when tested together with Unit #3) will achieve the various guarantee values set forth in Tables 1-1 and 1-2 below (Performance Guarantees). If the Performance Tests do
not demonstrate Unit #4s achievement of its Performance Guarantees and achievement of Substantial Completion within thirty (30) days after Purchaser provides its notice of Ready for First Fire, Seller shall undertake an analysis
(including a root cause analysis) of the reasons Unit #4 cannot achieve the Performance Guarantees and Substantial Completion and shall submit to Purchaser a report of Sellers analysis and proposed repairs, replacements or other
modifications that it reasonably believes are necessary to cause the achievement of Substantial Completion, including, but not limited to, satisfaction of the Performance Guarantees as demonstrated by Performance Tests. In addition to delivering the
report, at its sole cost, Seller shall undertake such efforts set forth below (the Make Good Obligation), without additional compensation by Purchaser, so as to attempt to cause Unit #4 to achieve Substantial Completion,
including, but not limited to, achievement of the Performance Guarantees as demonstrated by the Performance Tests. At its sole



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expense, Purchaser and other entities selected by Purchaser (as it may deem necessary or required) may observe such efforts, and Seller will reasonably
cooperate with the same in connection with its Make Good Obligation. Notwithstanding anything else in this Contract, the Make Good Obligation will consist solely of: * It is understood that no Make Good Obligation shall arise for Unit #4 until Unit
Installation for Unit #4 is achieved.

Seller shall continue to act pursuant to the Make Good Obligation until: (a) Unit #4 achieves Substantial
Completion, including, but not limited to, achievement of the Performance Guarantees as demonstrated by Performance Tests, or (b) Seller certifies to Purchaser in writing that in Sellers reasonable best judgment its further commercially
reasonable actions under the Make Good Obligation will not result in achievement of Substantial Completion or substantially improved performance of Unit #4.

Table 1-1: Performance Guarantees



|                                                                            |  |                            |  |                                    
|--------------------------------------------------------------------------- |  | -------------------------- |  | -----------------------------------
|Performance Metric (See Data Sheets, Specification EHF-101)                 |  | Guarantee Point (per Unit) |  | Test Measurement                   
|Activated carbon production rate, furnace outlet lb/hr                      |  | *                          |  | Per test procedure in Attachment 7.
|                                                                            |  |                           
|Auxiliary Power Consumption, Total, kW (measured at AC production rate of * |  | 535 kW (maximum)           |  | Per test procedure in Attachment 7.
|                                                                            |  |                           
|Steam Inlet Required Per Furnace, lb/lb AC                                  |  | *                          |  | Per test procedure in Attachment 7.
|                                                                            |  |                           
|Iodine Number                                                               |  | *                          |  | Per test procedure in Attachment 7.

Table 1-2: Performance Guarantees (Emissions)



|                                                                       |  |                            
|---------------------------------------------------------------------- |  | ---------------------------
|                                                                       |  | Guaranteed Value (per Unit)
|Total Off-Gas Volume                                                   |  | *                          
|Total Heat Content                                                     |  | *                          
|Sulfur compounds expressed as SO2                                      |  | *                          
|Total Nitrogen compounds (primarily NH3and NO), expressed as NH3weight |  | *                          
|PM30                                                                   |  | *                          
|PM15                                                                   |  | *                          
|PM10                                                                   |  | *                          
|PM8                                                                    |  | *                          
|PM5                                                                    |  | *                          
|PM4                                                                    |  | *                          



|Note: | Test measurement for the emission guarantee values in Table 1-2 will be in accordance with Attachment 7.
|----- | --------------------------------------------------------------------------------------------------------



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The Performance Guarantees in Tables 1-1 and 1-2 above are based on furnace feedstock characteristics of the Target
Coal Analysis included in Attachment 2 (Technical Requirements) *. For any variations in feedstock or feed rate characteristics, the Guarantee Points and Values in Tables 1-1 and 1-2 will be adjusted to reflect actual feedstock and
feed rate characteristics as mutually agreed by the Parties, and, as applicable, the Contract Price and the Project Schedule will be equitably adjusted to reflect the time incurred to discuss and agree on any such adjustment pursuant to the Change
Order provisions of Article 19.

Article 11. Reliability Bonus

If, during the EPC Reliability Bonus Test, the Project functions so that the EPC Contractor is entitled to an Increased Throughput Bonus, as such term is defined in the EPC Contract, then Seller shall be entitled to a bonus
under this Contract in an amount equal to * dollars ($*) for an aggregate average production level of at least * per day across all four (4) MHFs and an additional * dollars ($*) for each additional whole * per day produced above an aggregate
average production level of * per day across all four (4) MHFs; provided, however, that during such EPC Reliability Bonus Test, no MHF shall produce less than * per day (and if any MHF falls below this minimum amount no Reliability Bonus can be
earned as a result of such EPC Reliability Bonus Test); provided further, that no production by any MHF above * per day shall be included in the production calculation; provided further that activated carbon produced must meet the Iodine Number
Performance Guarantee specified in Table 1-1 and have a yield * in order to be included in determining the production amounts; and provided further, that for purposes of Sellers eligibility for the bonus under this Article 11, the full Project
(including the balance of plant for which EPC Contractor is responsible) shall be included in determining entitlement to such bonus, and Seller shall not be entitled to relief, credit or adjustment based upon performance failures or other
performance problems due in whole or in part to the Project provided under the EPC Contract or which is otherwise part of EPC Contractors scope of work, it being the intent of the Parties that such bonus shall only be earned if the complete
Project demonstrates such increased reliability (the Reliability Bonus).

Seller shall invoice Purchaser for any Reliability Bonus
earned by it pursuant to this Article 11 upon completion of the EPC Reliability Bonus Test. Upon verification by Purchaser that Seller is entitled to the Reliability Bonus amount so invoiced, Purchaser shall pay the Performance Bonus amount in
accordance with the payment procedures and protocol set forth in Article 4 (Payments and Liens), excepting only that no retainage on such Reliability Bonus amount shall be withheld.



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Article 12. Performance Guarantee Testing

Performance Testing. The performance tests (Performance Tests) set forth in Attachment 7 (Performance Test Procedures, Conditions and Protocol) shall be performed using the
testing procedures, conditions and protocols set forth in Attachment 7 and shall be conducted after Sellers completion of the start-up and final check-out of Unit #4, completion of start-up and final check-out of Unit #3 pursuant to the
Multi-Hearth Furnace Contract for Unit #3, completion of the Performance Tests for Units #1 and #2 as such term is defined in and pursuant to the Multi-Hearth Furnace Contracts for Units #1 and #2 and after completion of all Certain Purchaser Test
Obligations. Except for those Certain Purchaser Test Obligations, Seller shall be responsible for preparation and conduct of the Performance Tests in accordance with this Contract.

Access Period. If during its first Performance Test, Unit #3 does not meet the Performance Guarantees, Seller shall be afforded sufficient access to such Unit to allow Seller to undertake corrective
action. Unit #4 will be re-tested when Seller so requests, provided Seller has given forty-eight (48) hours written notice to Purchaser to conduct each subsequent Performance Test.

Cost of Performance Tests and Re-Tests. Seller shall perform all Performance Tests and re-tests at its cost except that Purchaser shall furnish and pay for
those Certain Purchaser Test Obligations. Seller shall provide Purchaser with at least five (5) Business Days prior written notice of the first Performance Test and at least forty-eight (48) hours written notice of any
subsequent Performance Test. Purchaser is entitled to be represented at any Performance Test. Sellers cost of the Performance Tests includes the cost of its personnel.

Article 13. Inspection, Expediting and Factory Tests

Inspections and Tests at Sellers
Facilities. Upon Purchasers request, Purchaser or its designee shall be provided access to Sellers facilities, on reasonable notice, during regular business hours to obtain information on production progress and make inspections.
Such access will not include restricted areas where other work is being performed unrelated to Equipment fabrication. Purchaser shall be provided with at least five (5) Business Days prior notice of any shop tests to be conducted at
Sellers facilities, where the test is to be done, and when materials will be ready for inspection or testing, so that Purchaser or its designees may, if they so desire, inspect or witness such tests before delivery to the Site, or before such
Work is covered. However, such inspection shall be done in a manner so as to not unreasonably interfere with Sellers effort and schedule. Failure to discover or reject any defective Work shall not relieve Seller from responsibility for the
Work.

Inspections and Tests at Suppliers Facilities. Seller will use good faith efforts to obtain similar access and inspection rights
for Purchaser to Sellers Suppliers facilities for the purposes and to the extent described in the paragraph above, and any such access and inspection rights shall apply only to the non-commodity items referred to in Article
8.

Inspection Not Acceptance. Purchasers inspection of the Work (including, but not limited to, the Equipment) or its failure to
inspect shall not relieve Seller of any of its obligations under this Contract, nor shall it give rise to any responsibility or liability of Purchaser for any defect or deficiency in the inspected Work nor shall it to be construed as acceptance of
such Work by Purchaser.



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Costs Associated with Expediting and Inspection. If the Work is deficient, including failure to maintain
the Project Schedule or otherwise conform to the Contract Documents for any reason, Purchaser may request that Seller provide a recovery plan to restore the Project Schedule or otherwise correct such deficient Work, to the extent practicable in
Sellers judgment. If within seven (7) Business Days from Purchasers notice, Seller has not provided a reasonable recovery plan to Purchaser or continued in good faith and with reasonable diligence to remedy the condition, Purchaser
may establish a corrective action plan pursuant to the first paragraph of Article 19, which may in part include the assignment of in-shop expediting personnel to periodically visit and, if necessary, reside at Sellers manufacturing
location(s), as appropriate. Costs incurred by Seller in performance of such corrective action plan shall be to Sellers account. To the extent any part of the Work is not in compliance with the requirements of this Contract and such
non-compliance is not excused by the terms of this Contract, Seller shall promptly repair or replace such Work at its sole expense in a manner which brings the Work into compliance with the requirements of this Contract.

Article 14. Seller-Provided Training

Seller shall provide training
in the operation and maintenance of the Equipment (other than any Purchaser-furnished equipment and work) and shall coordinate and conduct all training sessions for Purchasers operating and maintenance personnel to present basic principles for
the operation and maintenance aspects of Unit #4. All training shall be conducted by Seller in accordance with training programs developed by Seller based on Sellers customary training programs described in Attachment 12 (Sellers
Customary Training Manual), shall cover the subjects below, and shall consist of two (2) trainers and up to two (2) weeks of training. The initial training program shall occur no later than fifteen (15) days after completion of
start up for Unit #1 and shall be provided by Seller or its qualified designated representatives at the Site. Seller will coordinate with Purchaser to ensure appropriate representation at necessary start-up and checkout activities to support
Sellers training program. Training shall include Sellers customary training manual, an outline of which is included at Attachment 12, and work materials for all personnel being trained. Purchaser shall have the right to make a reasonable
number of copies of such materials for future training of plant operators and workers at the Site. Purchaser shall also have the right to videotape training sessions for future use by Purchaser for the same purposes. Notwithstanding the
foregoing, Sellers obligations under this Article 14 ultimately shall encompass training Purchasers operating and maintenance personnel as to the entire Project, and Sellers obligations under this Article 14 will be deemed
satisfied if conducted in concert with similar obligations arising under Article 14 of the other Multi-Hearth Furnace Contracts.

Training shall include:



| | (i) | System and controls explanation and general operation;
| | --- | ------------------------------------------------------



| | (ii) | System monitoring;
| | ---- | ------------------



| | (iii) | Preventive maintenance, trouble shooting and instructions;
| | ----- | ----------------------------------------------------------



| | (iv) | System upkeep and general Equipment repair;
| | ---- | -------------------------------------------



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| | (v) | References of relevant technical materials and Drawings;
| | --- | --------------------------------------------------------



| | (vi) | Equipment list and descriptions;
| | ---- | --------------------------------



| | (vii) | Training course materials including operations and maintenance manuals;
| | ----- | -----------------------------------------------------------------------



| | (viii) | Operations checklists including startup and shutdown procedures and heat up and cool down schedules; and
| | ------ | --------------------------------------------------------------------------------------------------------



| | (ix) | Emergency operations and checklists.
| | ---- | ------------------------------------

Article 15. Warranty Period

Seller shall warrant the Work on the terms set forth in Article 16 below for twelve (12) months (Warranty Period) following the
earlier of the date: (a) Unit #4 successfully passes all Performance Tests, or (b) Purchaser begins beneficial use of Unit #4, but in no event shall Sellers warranty obligations with respect to any component of Unit #4 for which
there is a separate Subcontractor Warranty extend beyond two (2) years after the date of actual Delivery of such component hereunder. Notwithstanding the foregoing, Seller shall obtain the cost for an extended evergreen warranty for
the *, which shall extend for a one (1) year period from the later of: (x) Substantial Completion and (y) the last date of any warranty or repair work on such Equipment. Seller shall provide Purchaser with written notice of the
additional cost of such extended evergreen warranty, and by delivery of written notice from Purchaser to Seller at any time prior to Financial Close for the Project, Purchaser may elect to require such extended evergreen
warranty and the Contract Price shall be increased accordingly. If Purchaser exercises its election pursuant to this paragraph, the provision of this paragraph regarding such warranty shall supersede conflicting warranty provisions below.

Article 16. Warranty

Warranty. During
the Warranty Period, Seller warrants to Purchaser that:



| | (i) | the Work, including all goods and services furnished under this Contract, shall conform to, and perform in accordance with, the terms of this Contract and the other Contract
Documents, and the Equipment and materials shall be new at the time of installation, free of liens and defects in material, workmanship (unless caused by Purchaser or EPC Contractor) and title, and comply with the Occupational Safety and Health Act
(OSHA) (Public Law 91-596) and the regulations implementing it and all other Applicable Legal Requirements; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | subject to Sellers Make Good Obligation pursuant to Article 10 (or the resolution of a dispute regarding the same, pursuant to Article 28), the Work shall be complete and
performed in a competent, diligent manner in accordance with applicable industry standards, and all Drawings and data submitted by Seller pursuant to the terms of this Contract shall be complete, correct and of a professional quality.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Except as provided herein, inspection, testing, acceptance or use by Purchaser or its designees of the Work in the ordinary course shall not
affect Sellers liability and obligations under this warranty, and such warranty shall survive inspection, testing, acceptance and use for the Warranty Period. Sellers warranty shall run to Purchaser and its permitted successors and
assigns.



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Notwithstanding performance by each Party of all of its obligations under this Contract other than any warranty
obligations (e.g., final completion of the Work), this Contract shall remain in effect until completion of all warranty obligations set forth in this Article 16.

Remedy. If the Work performed hereunder does not meet the above warranties during the Warranty Period, Purchaser shall notify Seller in writing, and promptly upon receipt of such notice, Seller shall, at no cost to Purchaser,
promptly repair or replace such nonconforming Work with as little disruption to Unit operations as practicable. Except for those Certain Purchaser Test Obligations, all costs to fulfill the warranty provided under this Contract or to remedy any
breach of such warranty, including, but not limited to, the engineering, repair, replacement, removal, transportation, warehousing, disassembly, reinstallation, reconstruction, re-testing and re-inspection of as may be necessary to correct the
defect or nonconformity shall be at Sellers expense; including disassembly and reassembly of the Unit, disassembly and reassembly of the Work (but not equipment or systems not part of the Work) as required to gain access to the defective or
nonconforming Unit and to reinstall the Unit. If any Work is repaired or replaced and subsequently becomes defective or nonconforming again at any time before expiration of the Warranty Period, Seller at its own expense (except for those Certain
Purchaser Test Obligations) shall undertake a technical analysis, correct the defect or nonconformity, and resolve the root cause problem. Purchaser shall give Seller notice of observed defects promptly but Purchasers failure to
observe or detect such deficiencies or its failure to provide such notice within a specified period, shall not relieve Seller of any of its obligations with respect to its warranty obligations to Purchaser for such nonconforming Work, except that
Seller shall not be liable to the extent Purchasers failure to provide notice of a known defect contributes to worsening of the defect, nonconformance, or other damage to the Work while such defect or nonconformance remains uncorrected. To the
extent the Work causes an outage or other delay of operations, Seller shall make the repair or replacement on a commercially reasonable best efforts basis, at Sellers expense. Should Seller fail to promptly implement repairs or replacements as
required under these warranty terms, Purchaser shall have the right upon ten (10) days prior written notice to Seller, if Seller has not commenced such Work, to implement such repairs as are necessary to correct the deficiency and charge
back the cost thereof to Seller. Seller shall reimburse Purchaser for costs so incurred within thirty (30) days of receipt of the invoice therefor. Purchaser shall supply those Certain Purchaser Test Obligations reasonably required in
connection with Sellers remedial efforts. Sellers obligation to perform warranty Work under this Contract is subject to receipt of notice from Purchaser of any warranty defect or nonconformance before the expiration of the Warranty
Period.

Warranty on Remedial Work. Any re-performed service or repaired or replacement part furnished under the warranty terms of this
Contract shall carry warranties on the same terms as set forth above, except that the applicable warranty period for the repair/replacement or re-performed Work shall not extend past the original Warranty Period.

Exclusions. Sellers operating requirements for the Equipment shall be consistent with industry standards. Seller shall not be liable for damage to,
or abuse or misuse of, the Equipment or other Work by persons other than Seller, its Subcontractors and others under its control, normal wear and tear, and damage to the extent caused by or from Purchasers failure to operate and/or maintain
Equipment



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in accordance with Sellers reasonable written instructions contained in the operations and maintenance manual (including revisions) supplied by Seller.
Seller shall not be liable for incremental damage caused as a result of Purchasers, EPC Contractors or any operators or maintainers failure to promptly advise Seller of a warranty claim promptly upon discovery or knowledge
thereof. Purchaser shall keep reasonable and customary records of operations and maintenance during any period in which a warranty claim may be made by Purchaser. These records shall be kept in the form of log sheets and copies and shall be made
available to Seller at the location where such records are maintained by Purchaser upon Sellers request.

Disclaimer of Implied
Warranties. The foregoing warranties are exclusive and are in lieu of all other warranties whether written, oral, implied or statutory. EXCEPT AS OTHERWISE SPECIFICALLY SET FORTH HEREIN, SELLER MAKES NO REPRESENTATIONS AND EXTENDS NO OTHER
WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, DESIGN, OUTPUT, THROUGHPUT, AND THE ABSENCE OF LATENT OR OTHER DEFECTS, WHETHER OR NOT DISCOVERABLE.
WITHOUT LIMITING THE FOREGOING, ANY SOFTWARE SUPPLIED IS ONLY GUARANTEED TO OPERATE FREE OF ERRORS OR DEFECTS CAUSED BY SELLER.

Article 17. Taxes

Taxes Not Included in Contract Price. No taxes or other governmental charges are included in the Contract Price, all of which shall be for
the account of Purchaser, except that Seller shall pay taxes due on its net income and the contributions due measured by wages of its employees and the employees of its Subcontractors required by Federal Unemployment Tax Act, Federal Insurance
Contribution Act or the Applicable Legal Requirements of any state in which any part of the Work is performed. Purchaser shall promptly pay or reimburse Seller for the payment of any taxes or governmental charges required of Seller other than as
provided in this Article 17.

Tax Exemptions. Purchaser believes that services, tangible personal property or other portions of the Work to
be furnished by Seller qualify for exemption from sales or use taxes or that Purchaser has a direct pay permit, and so the amount of such sales or use taxes are not included in the Contract Price. Purchaser shall provide Seller with Purchasers
or Owners direct pay permit or exemption certificate where applicable and in a timely manner as to not delay Seller. Seller agrees to cooperate in obtaining certificates necessary to claim such exemptions.

Article 18. Pricing and Scope Assumptions

Pricing
Assumptions. The Contract Price is based on the engineering, manufacture and installation of the Equipment and the performance of the other components of the Work so as to comply with:



| | (i) | the Technical Requirements of Attachment 2 (Technical Requirements),
| | --- | ----------------------------------------------------------------------



| | (ii) | those codes and standards in Attachment 2 applicable to the fabrication and/or installation of the Equipment, and the other applicable components of the Work in effect on the
Effective Date (Codes and Standards),
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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| | (iii) | Applicable Legal Requirements on the Effective Date,
| | ----- | ----------------------------------------------------



| | (iv) | the ambient Site conditions, on the Effective Date, including, but not limited to, temperature, humidity, elevation and any seismic and wind-loading requirements as identified in
Attachment 2, subject to Article 20, and
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (v) | those Site-specific environmental requirements identified in Attachment 2.
| | --- | --------------------------------------------------------------------------

Changes to Codes and Standards or to Applicable Legal Requirements. If any change to the Codes and Standards or Applicable Legal Requirements in effect on the Effective Date requires a change to the Equipment, the other Work
or other terms of this Contract, an equitable adjustment to the Contract Price, the Project Schedule, Scheduled Completion Date(s) as listed in Attachment 6 (Scheduled Completion Dates) for the affected item(s), and other terms of this
Contract shall be made under the Change Order provisions of Article 19.

Permitting Support. Purchaser shall have sole responsibility for,
and risk associated with, application for and maintenance of all licenses and permits required to perform the Work at the Project Site (including, but not limited to, Site-related construction and environmental permits) other than those permits or
licenses required by government authorities to be in the name of Seller. Seller shall provide reasonable assistance to Purchaser (excluding litigation assistance) in its endeavors relating to permits or governmental approvals required to be in the
name of Purchaser and cooperate by providing information available to it for the purpose of obtaining such permits and governmental approvals. Purchaser shall reasonably assist Seller in its endeavors relating to permits or governmental approvals
required to be in the name of Seller and fully cooperate by providing information and related assistance for the purpose of obtaining such permits and governmental approvals. Seller shall have sole responsibility for all licenses and permits
required to manufacture and assemble the Equipment and perform Work at locations other than the Project Site and as needed to transport, store and make Delivery of Equipment in accordance with this Contract.

Article 19. Changes

Purchaser-Initiated Changes.
Purchaser shall have the right at any time to make any changes in the Work, including, but not limited to, ordering extra work, or altering, adding to, or deducting from the Work, or modifying the Project Schedule (or other schedule for the Work) by
issuing a written order for the change in the Work (a Change Order) by the Authorized Representative of Purchaser. All such Work shall be executed under the terms and conditions of this Contract. If Seller claims that any
instruction received from Purchaser involves a cost adjustment to the Contract Price (either an increase or decrease), a change to the Project Schedule, or a change to a Contract term, Seller shall give Purchaser written notice thereof within seven
(7) Business Days after the receipt of such instruction, and in any event before proceeding to execute the Work, except in emergency endangering life or property. Seller shall submit a draft Change Order in accordance with this Article 19. The
compensation established herein for any Change Order shall be the sole and exclusive consideration for such change, and any increased overhead, inefficiencies, and all other financial factors associated with a Change Order have been incorporated
into the compensation established in this Article 19, but Seller shall be entitled to any change, if any, in the Project Schedule or applicable term of this Contract associated with the change.



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Seller-Initiated Changes. If Seller wishes to propose a change, or if Seller is entitled to a Change Order
pursuant to the terms of this Contract, Seller shall submit to Purchaser a draft Change Order.

Contents of Draft Change Order. The draft
Change Order shall include:



| | (i) | a technical description of the proposed change in such detail as Purchaser may reasonably require,
| | --- | --------------------------------------------------------------------------------------------------



| | (ii) | a lump sum firm price adjustment (increase or decrease) in the Contract Price or other method to allow for a cost adjustment, if any, caused by the proposed change,
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | potential effect(s), if any, reasonably foreseen by Seller on the Scheduled RTS Date(s) for the Unit, or any other schedule or date for performance by Seller hereunder, and
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | potential effect(s), if any, reasonably foreseen by Seller on Sellers ability to comply with any of its obligations hereunder, including Sellers warranties and
Performance Guarantees.
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Process for Concluding Change Order. Purchaser shall, within ten (10) days from the date of
receipt of Sellers information regarding a proposed change, either approve or disapprove the draft Change Order in writing or request additional time to consider the draft Change Order. If Purchaser approves the Change Order, Purchaser and
Seller shall execute the Change Order (which shall operate as an amendment to this Contract), and Seller shall proceed to implement the Change Order in accordance with the terms thereof and this Contract.

Failure to Agree on Change Order. If the Parties cannot timely agree on the terms of a proposed Change Order, then the disagreement shall be submitted for
resolution in accordance with this Contract and while such dispute is pending, if the disputed Change Order is directed by Purchaser or otherwise required by this Contract, then Seller shall proceed with the Change Order (unless such Change Order is
prohibited by the succeeding paragraph) and if the dispute involves the amount or manner of payment for the additional Work, Seller shall be paid on a time and materials basis (including a reasonable charge for administration, overhead and profit)
until the dispute is resolved based on the time and materials rates set forth in Attachment 8 (Time and Material Rates). Seller shall not proceed with any Seller-initiated change without the express written agreement of Purchaser. No
Change Order will be effective until signed by both Parties (or ordered pursuant to dispute resolution proceedings), and no Party shall unreasonably delay or withhold signature of a Change Order.

Change Not Practicable. No unilateral Change Order may change the Project Schedule, a Performance Guarantee, a Performance Test or any other term of this
Contract. Furthermore, if any other change to the Work contemplated by a proposed Change Order is not practicable because the change is not feasible or will cause a violation of Applicable Legal Requirements, then Seller will so notify Purchaser in
writing providing a reasonable explanation as to why the change is not practicable. If Purchaser disputes Sellers assertion that the proposed Change Order is not practicable, such dispute will be resolved in accordance with Article 28.



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Article 20. Excusable Delays

Force Majeure. Neither Party shall be in breach of this Contract to the extent that any delay or default in performance is due to act of God, act of any governmental authority, riot, revolution, war, terrorism or threat
thereof, tornado, hurricane, flood and other natural disasters, lightning and other abnormal or severe climatic conditions causing loss of more than one (1) day in any given calendar week, a Change in Applicable Legal Requirements, the *, or
any other cause which is beyond the reasonable control of the delayed or non-performing Party (including, but not limited to, interference by the other Party, Owner, or the EPC Contractor or the non-performance by the other Party or the EPC
Contractor of its obligations under this Contract or the EPC Contract) (Force Majeure). Force Majeure shall not mean any act or event to the extent caused by the fault or negligence of any person or entity claiming Force Majeure,
or the financial inability of any person or entity to pay or otherwise not perform its obligations under this Contract. In addition, Force Majeure shall not include:



| | (i) | except as provided above, the inability to obtain labor, equipment or other materials or supplies for the Work (except to the extent caused by an independent act, event, or
condition constituting a Force Majeure), or
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | equipment failures due to wear and tear or defects in manufacture or construction.
| | ---- | ----------------------------------------------------------------------------------

The affected Party shall promptly notify the other Party of the occurrence of a Force Majeure and shall confirm the notice in writing within twenty (20) days after discovery of the event and its impact; provided,
however, that either Party affected by Force Majeure shall be entitled to give notice beyond such time limit, if the late notice itself did not materially prejudice the other Party but the Party giving the late notice shall not be entitled to relief
for any incremental delay or costs occurring during the period of delay in giving such notice. The notice shall contain a reasonably detailed account of the expected effect of the Force Majeure on performance under this Contract, including the cause
of the delay, an estimate of the duration of the delay, an estimate of the delays impact to the Project Schedule, and the affected Partys plan to mitigate the adverse effects of the Force Majeure on its performance hereunder. Thereafter
the affected Party shall keep the other Party reasonably apprised regarding the Force Majeure. The suspension of performance due to an event of Force Majeure shall be of no greater scope and no longer duration than is required by such event and its
effects.

The excused Party shall use reasonable efforts to:



| | (i) | mitigate the duration of, and costs arising from, any suspension or delay in its performance,
| | --- | ---------------------------------------------------------------------------------------------



| | (ii) | continue to perform its obligations hereunder to the extent unaffected by the Force Majeure, and
| | ---- | ------------------------------------------------------------------------------------------------



| | (iii) | remedy the delay and any damage caused by the Force Majeure.
| | ----- | ------------------------------------------------------------



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If Purchaser is delayed or restricted in its ability to take Delivery and/or make use of the Work as it originally
contemplated by reason of any Force Majeure, Purchaser may (in its sole discretion) postpone the Delivery dates or terminate this Contract for convenience or take such other action that it seems appropriate in accordance with the terms of this
Contract.

Article 21. Intellectual Property

Patent Rights. With respect to any material or Equipment included in the Work or delivered as part of the Work that is subject to Sellers patent, copyright or other protected right of usage, Seller hereby provides
Purchaser and its successors and assigns with an irrevocable, perpetual non-exclusive, fully paid-up right and license under such rights to use, maintain, modify and repair such Equipment for the Project at no additional cost to Purchaser.

Article 22. General Indemnity

Sellers
Indemnity. Seller shall, at its own cost, defend, indemnify and save harmless Purchaser and its officers, directors, employees, and agents from and against any and all liability, damages, losses, claims, demands, actions, causes of action,
expenses (including, but not limited to, fines, penalties, court costs, and fees and expenses of counsel), and costs (collectively, Losses) resulting from third party claims (excluding Purchaser, EPC Contractor and
Purchasers lender(s) or anyone directly controlled, directed, employed or supervised by any of them) alleging or resulting from the death or injury to any person or damage or destruction to any property, to the extent:



| | (i) | Caused by the negligence, willful misconduct, or reckless, intentional or otherwise tortious act or omission, including strict liability, during the implementation of the Work or
any curative action during the Warranty Period, by Seller or any of its Subcontractors or anyone directly or indirectly controlled, directed, or employed by any of them, or performing Work on behalf of any of them;
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | Arising, with respect to employees of Seller or of its Subcontractors or anyone directly or indirectly controlled, directed, or employed by any of them, or performing Work on behalf
of any of them, during the implementation of the Work or any curative action during the Warranty Period, under any workers compensation, disability, or similar benefits act;
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | During the implementation of the Work or any curative action during the Warranty Period, under any scaffolding or structural work law or laws relating to the protection of land
adjacent to that of Purchaser, caused by any act or omission which is negligent, reckless, intentional, or otherwise is Sellers strict liability; or
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | Caused by the violation or alleged violation of any governmental requirements (including any fines or penalties, except to the extent imposed or made greater by conduct of Purchaser
or EPC Contractor or anyone under the direction or control of either of them) by Seller or any of its Subcontractors, or anyone directly or indirectly employed by any of them, or performing Work on behalf of any of them. Notwithstanding the previous
sentence, Seller shall have no general indemnity obligation to the extent arising from a Change in Applicable Legal Requirements after the Effective Date unless memorialized in a mutually agreed upon Change Order.
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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In any and all claims against Seller hereunder, the indemnification obligation stated above shall not be limited in any
way by any limitation on the amount or type of damages, compensation or benefits payable by or for Seller or any of its Subcontractors, or anyone directly or indirectly employed or supervised by any of them under the applicable workers
compensation act, disability acts, or other employee benefits act.

Purchasers Indemnity. Purchaser shall indemnify and hold harmless
Seller and its officers, directors, employees and agents from all Losses resulting from third party claims (excluding Seller, Subcontractors or anyone directly controlled, directed, employed or supervised by any of them) alleging or resulting from
the death or injury to any person or damage or destruction to any property, to the extent: (i) caused by negligence, willful misconduct, or reckless, intentional or otherwise tortious act or omission, including strict liability, of Purchaser,
EPC Contractor or anyone directly controlled, directed, employed, or supervised by Purchaser or EPC Contractor (other than Seller or Subcontractors), (ii) arising, with respect to employees of Purchaser or EPC Contractor or anyone directly
controlled, directed, employed or supervised by Purchaser or EPC Contractor (other than Seller or its Subcontractors) under any workers compensation, disability or similar benefits act; (iii) during the implementation of the Work or any
curative action during the Warranty Period, under any scaffolding or structural work law or laws relating to the protection of land adjacent to that of Purchaser, caused by any act or omission which is negligent, reckless, intentional, or otherwise
is not Sellers strict liability; or (iv) caused by the violation or alleged violation of any governmental requirements (including any fines or penalties, except to the extent made greater by conduct of Seller or Subcontractors) by
Purchaser or EPC Contractor or anyone directly or indirectly employed or supervised by Purchaser or EPC Contractor. In any and all claims against Purchaser hereunder, the indemnification obligation stated above shall not be limited in any way by any
limitation on the amount or type of damages, compensation or benefits payable by or for Purchaser or for anyone directly or indirectly employed or supervised by Purchaser under the applicable workers compensation act, disability acts, or other
employee benefits act.

Article 23. Insurance

Seller
shall maintain all insurance policies required under the Multi-Hearth Furnace Contract for Unit #1 on the same terms and conditions specified therein but for the duration of Sellers performance of its obligations hereunder. Notwithstanding the
foregoing, to the extent Seller must maintain any insurance policy or policies to insure its obligations under this Contract pursuant to Applicable Legal Requirements, then such obligation shall be an obligation under this Contract. For the sake of
clarity, Seller will comply with all federal and state workers compensation or similar Applicable Legal Requirements that might impose any charge or liability on Purchaser in connection with this Contract.

Certificates of Insurance. Upon written request by Purchaser, Seller shall furnish Purchaser with certificates of insurance evidencing that insurance has
been provided to meet the above requirements. Such certificates shall state that no material change or cancellation can be effected without thirty (30) days prior written notice to Purchaser.



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Failure to Maintain Insurance. Failure to maintain the required insurance may result in the
termination of this Contract, at Purchasers option. Furthermore, if Seller fails to maintain the insurance set forth in this Article 23, Purchaser shall have the right, but not the obligation, to purchase such insurance for coverage under this
Contract at Sellers expense.

Article 24. Events of Default; Termination for Cause; Suspension

Seller Events of Default. Each of the following shall constitute an Event of Default by Seller:



| | (i) | if Seller becomes insolvent, makes an assignment for the benefit of its creditors, has a receiver or trustee appointed for the benefit of its creditors, or files for protection from
creditors under any bankruptcy or insolvency laws; or
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | if Seller breaches or fails to comply or perform its material obligations hereunder (except that Sellers liability for failure to achieve Unit Installation for Units #3 and #4
is as set forth in Article 9, and Seller shall have no liability, other than the express Make Good Obligation efforts described in Article 10, for failing to achieve Substantial Completion or any Performance Guarantee with respect to Unit #4);
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iii) | failure by Seller to make prompt payments to its Subcontractors for material or labor except: (a) for such payments as may reasonably be in dispute, and (b) to the extent
Purchaser has failed to pay Seller;
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | the interest of Seller passes to any person, entity, partnership or corporation other than as permitted under this Contract;
| | ---- | ----------------------------------------------------------------------------------------------------------------------------



| | (v) | any representation or warranty made by Seller herein is false or misleading in any material respect when made and such misrepresentation has a material adverse effect on the Party
to whom such representation and warranty is provided and such error or omission is not corrected within sixty (60) days after receipt of written notice thereof by the other Party;
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vi) | Seller fails to pay any amount that Seller is required to pay to Purchaser under this Contract within thirty (30) days after receipt by Seller of written demand from Purchaser
unless such amount is in dispute;
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vii) | Seller abandons or suspends progress of the Work for five (5) Business Days or more due to any reason other than Force Majeure or as permitted under this Contract; and
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (viii) | An Event of Default by Seller occurs under any other Multi-Hearth Furnace Contract.
| | ------ | -----------------------------------------------------------------------------------

Grounds for Termination by Purchaser. Purchaser shall have the right to terminate this Contract for cause upon the occurrence of a Seller Event of Default; provided, however, that (a) Purchaser
shall first have provided Seller with written notice of the nature of such breach in reasonable detail and of Purchasers intention to terminate this Contract as a result of such breach, and (b) Seller shall have failed within thirty
(30) days after receipt of such notice (ten (10) days for breach of a payment obligation) to commence and diligently pursue the correction of such breach (and not have cured such breach within sixty (60) days after receipt of such
notice), except that if a Party wishes to terminate this Contract pursuant to this paragraph, in no event shall such right to terminate be effective until after the Parties have followed the referral to senior management process set
forth in the first paragraph of Article 28, but in no event shall the Parties be obligated to pursue the other dispute resolution procedures described in Article 28 unless a genuine dispute



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exists with respect to such dispute. If Purchaser terminates this Contract pursuant to this Article 24, then Purchaser shall also be entitled to terminate
all of the other Multi-Hearth Furnace Contracts pursuant to Article 24 thereunder. If Purchaser terminates any of the other Multi-Hearth Furnace Contracts pursuant to Article 24 thereunder, then Purchaser shall also be entitled to terminate this
Contract pursuant to this Article 24.

Remedy in the Event of Termination by Purchaser. Subject to Article 25, if Purchaser terminates this
Contract as provided above, Seller shall be liable to Purchaser for all costs incurred by Purchaser in excess of the amount it would have been obligated to pay to Seller under this Contract to obtain a replacement supplier to perform the uncompleted
Work on substantially the same terms and conditions, excepting price.

Suspension by Purchaser. Purchaser may at any time suspend the Work or
any portion thereof upon giving written notice to Seller. Seller shall strictly comply with Purchasers notice and shall reasonably work to minimize the cost of such suspension. Any part of the Work not suspended shall continue to be diligently
prosecuted by Seller. In the event of any such suspension, Seller shall be compensated for its reasonable costs to perform additional work and activities in order to implement such suspension, including demobilization, remobilization, costs of
Subcontractor cancellation and/or suspension and reasonable overhead and profit on such costs; provided, however, that Seller shall act commercially reasonably to minimize such costs; and provided, further, that within three (3) Business Days
after written notice of such suspension, Seller shall use its reasonable efforts to provide an estimate of such cost computed on a daily basis. Purchaser may, at any time, direct Seller to resume the Work and Seller shall use commercially reasonable
efforts to resume all suspended Work as expeditiously as possible. If a question arises as to satisfactory performance by Seller, Purchaser shall have the right to direct Seller to stop Work without cost to Purchaser until a timely inspection
thereof has been made and compliance with this Contract has been assured. However, if Seller has been performing reasonably, there shall be an equitable adjustment to the Contract Price, Project Schedule, and/or any other applicable Contract term
for any costs incurred by Seller as a result of such stoppage pursuant to a Change Order. Costs incurred by Seller as a result of any suspension shall be paid on a monthly basis.

Purchaser Events of Default. Each of the following shall constitute an Event of Default by Purchaser:



| | (i) | if Purchaser becomes insolvent, makes an assignment for the benefit of its creditors, has a receiver or trustee appointed for the benefit of its creditors, or files for protection
from creditors under any bankruptcy or insolvency laws;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | if Purchaser breaches or fails to comply or perform its material obligations hereunder;
| | ---- | ---------------------------------------------------------------------------------------



| | (iii) | the interest of Purchaser passes to any person, entity, partnership or corporation other than as permitted under this Contract;
| | ----- | -------------------------------------------------------------------------------------------------------------------------------



| | (iv) | any representation or warranty made by Purchaser herein is false or misleading in any material respect when made;
| | ---- | -----------------------------------------------------------------------------------------------------------------



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| | (v) | Purchaser abandons or suspends progress of the Work for sixty (60) days or more due to any reason other than Force Majeure or a default by Seller hereunder;
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (vi) | Purchaser fails to pay any undisputed amount that Purchaser is required to pay to Seller under this Contract when due; and
| | ---- | --------------------------------------------------------------------------------------------------------------------------



| | (vii) | any Event of Default by Purchaser occurs under any other Multi-Hearth Furnace Contract.
| | ----- | ---------------------------------------------------------------------------------------

Grounds for Termination by Seller. Seller shall have the right to terminate this Contract for cause upon the occurrence of a Purchaser Event of Default; provided, however, that (a) Seller shall
first have provided Purchaser with written notice of the nature of such breach in reasonable detail and of Sellers intention to terminate this Contract as a result of such breach, and (b) Purchaser shall have failed within thirty
(30) days after receipt of such notice (ten (10) days for breach of a payment obligation) to commence and diligently pursue the correction of such breach (and not have cured such breach within sixty (60) days after receipt of such
notice). Notwithstanding any cure period, Seller shall be entitled to the Late Payment Rate for amounts not paid when due. If Seller terminates this Contract pursuant to this Article 24, then Seller shall also be entitled to terminate all other
Multi-Hearth Furnace Contracts pursuant to Article 24 thereunder. If Seller terminates any of the Multi-Hearth Furnace Contracts pursuant to Article 24 thereunder, Seller shall also be entitled to terminate this Contract pursuant to this Article.
24.

Remedy in the Event of Termination by Seller. If Seller terminates this Contract as provided above, Purchaser shall pay to
Seller the Termination Payments set forth in Article 5 (Termination for Convenience). Furthermore, nothing in this Article 24 shall limit Sellers rights under Article 4.

Article 25. Limitation of Liability

Limitation. Other than claims pursuant to Article 16 or 22 or Section SC-S3 of Attachment 10 (Supplemental Terms for On-Site Services), and claims covered by insurance required hereunder (it being the
Parties specific intent that the limitation of liability shall not relieve the insurers obligations for such insured risks), the total liability of Seller for payments to Purchaser, on all claims of any kind, whether in contract, tort
(including negligence), strict liability, or otherwise, arising out of Sellers performance or breach of this Contract or Purchasers use of any Equipment shall not exceed * percent (*%) of the Contract Price. The total liability of
Purchaser for payments to Seller, other than the Contract Price and in respect of claims pursuant to Article 16 or Article 22, interest at the Late Payment Rate, and (except with respect to insurance deductibles) claims covered by insurance covering
Purchaser (it being the Parties specific intention that the limitation of liability shall not relieve the insurers obligations for insured risks) on all claims of any kind, whether in contract, tort (including negligence), strict
liability, or otherwise, arising out of the performance or breach of this Contract or use of any Equipment shall not exceed * percent (*%) of the Contract Price. The provisions of this first paragraph of Article 25 do not apply to the Sellers
Make Good Obligation under Section 10, but Sellers obligations under Section 10 shall not exceed those specified in Section 10.

Exclusion of Consequential Damages. In no event shall a Party be liable to the other Party for special, consequential, punitive, incidental, indirect, or exemplary damages under any theory of liability whatsoever. Except to
the extent Sellers Liquidated Damages



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under Article 9 may be considered as such, in no event, whether as a result of breach of contract, warranty, indemnity, tort (including negligence), strict
liability, or otherwise, shall a Party be liable to the other Party for loss of profit or revenues, loss of use of the Work or any associated equipment, cost of capital, cost of substitute equipment, facilities, services or replacement power,
downtime costs, fines or penalties charged to Purchaser or Seller for failure to comply with Applicable Legal Requirements or permits, claims of Purchasers customers for such damages, or for any special, consequential, punitive, incidental,
indirect, or exemplary damages. The foregoing shall not limit either Partys obligation to pay any damages that may be awarded to a third party in connection with any claim to the extent that a Party is obligated to indemnify the other Party
for such third party claim under this Contract.

Article 26. Proprietary Information

Confidentiality. At the time of furnishing confidential or proprietary information or documentation, which shall include, including, but not limited to, confidential or proprietary information learned as
the result of any inspection of Sellers or its Suppliers or Subcontractors facilities (Confidential Information), the disclosing Party (Discloser) shall designate by label, stamp, or other mark that
the Confidential Information is confidential. If the Confidential Information is disclosed orally or in other intangible form, Discloser shall within thirty (30) days thereafter indicate the confidential nature of the Confidential Information.
The receiving Party (Receiver) shall:



| | (i) | treat the Confidential Information as confidential,
| | --- | ---------------------------------------------------



| | (ii) | restrict the use of the Confidential Information to matters relating to performance of this Contract, and
| | ---- | ---------------------------------------------------------------------------------------------------------



| | (iii) | restrict access to the Confidential Information to its employees whose access is necessary in the implementation of this Contract.
| | ----- | ----------------------------------------------------------------------------------------------------------------------------------

Receiver may release the Confidential Information to its agents, consultants, contractors, lenders, equity investors and Affiliates (Representatives);
provided, however, that these Representatives:



| | (i) | are informed of the confidential and proprietary nature of the Confidential Information and shall be bound by the same standard of care as Receiver,
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------



| | (ii) | have a need to know the Confidential Information,
| | ---- | -------------------------------------------------



| | (iii) | limit their use of the Confidential Information solely to purposes related to the Project, and
| | ----- | ----------------------------------------------------------------------------------------------



| | (iv) | are not competitors of Discloser.
| | ---- | ---------------------------------

All tangible copies of the
Confidential Information will be returned to Discloser upon request except that Receiver may keep one (1) archival copy of the information and may make a reasonable number of copies of the Confidential Information to the extent necessary for
the operation and maintenance of the Project.



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Exclusions. The foregoing restrictions do not apply to Confidential Information which:



| | (i) | is contained in a printed publication which was released to the public by Discloser prior to the date of disclosure to Receiver;
| | --- | --------------------------------------------------------------------------------------------------------------------------------



| | (ii) | is, or becomes, publicly known otherwise than through a wrongful act of Receiver, its employees, or agents;
| | ---- | -----------------------------------------------------------------------------------------------------------



| | (iii) | is in possession of Receiver, its employees or agents prior to receipt from Discloser as evidenced by written records dated before the disclosure to Receiver;
| | ----- | --------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (iv) | is furnished to others by Discloser without confidentiality restriction; or
| | ---- | ---------------------------------------------------------------------------



| | (v) | is approved in writing by Discloser for disclosure by Receiver, its agents or employees to a third party;
| | --- | ---------------------------------------------------------------------------------------------------------

provided, however, that Confidential Information shall not be deemed to be within one of the foregoing exceptions if it is merely embraced by more general information
available on a non-confidential basis to Receiver. Upon receipt of a demand or request for the disclosure of any Confidential Information, Receiver shall promptly notify Discloser and afford it an opportunity to seek a protective order or other
appropriate form of security or remedy. If the Parties fail to obtain a protective order or similar protection, Receiver shall furnish only that portion of the Confidential Information that is legally required to be furnished and will exercise
reasonable efforts to obtain reliable assurance that confidential treatment will be afforded the Confidential Information. Notwithstanding the foregoing, (a) except for the Drawings and Materials designated as Confidential Information pursuant
to this Article 26, in no event shall any component of the Work be considered Confidential Information under this Contract, (b) nor shall any information provided by Seller to Purchaser which is necessary for Purchaser to enjoy the full benefit
and unfettered right to possess, sell or otherwise control the Work, including all Equipment supplied as a component of the Work, constitute Confidential Information under this Contract, and (c) neither Party shall be prevented by any provision
in this Article 26 from disclosing Confidential Information required by Applicable Legal Requirements, except that Receiver shall promptly notify Discloser of the required disclosure and, to the extent the Parties mutually determine, resist or limit
such disclosure, and cooperate with Discloser to so resist or limit such disclosure.

Article 27. Assignment and Financing Provisions

Eligible Assignees. An Eligible Assignee is: (i) an Affiliate of Purchaser, or (ii) an engineering and/or
construction contractor under contract with Purchaser for balance of plant construction and/or the installation of the Equipment; provided, however, that the Eligible Assignee offers Purchaser evidence of its ability (both financial and otherwise)
to fulfill the obligations of Purchaser hereunder.

Purchasers Right to Assign to Eligible Assignees. Purchaser may assign its
rights and delegate its obligations under this Contract to an Eligible Assignee; provided, however, that (i) Purchaser shall notify Seller of its intent to assign no less than ten (10) Business Days prior to the execution of any such
assignment, (ii) Purchaser shall provide evidence to the reasonable satisfaction of Seller that the Eligible Assignee has the ability (both financial and otherwise) to fulfill the obligations of Purchaser hereunder and (iii) Purchaser also
assigns its rights and delegates its obligations under the other Multi-Hearth Furnace Contracts to such Eligible Assignee.



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Collateral Assignment and Cooperation with Financing. Purchaser may also assign a collateral interest in
this Contract to one or more lenders or its designees who are not Eligible Assignees as collateral security for financing of the Project. Seller shall provide such assistance as Purchaser may reasonably request and at Purchasers expense in
connection with financing for the Project, including, but not limited to, providing a consent to assignment with such lender(s) on terms mutually acceptable to such lender(s) and Seller. Seller shall not be obligated to agree to changes to this
Contract that increase its costs or risks without a reasonable adjustment of the terms of this Contract. Seller shall make available to Purchaser, Purchasers lenders and lenders engineer information relating to the status of the Work,
including information relating to the engineering, construction, estoppel certificates and such other matters as Purchaser may reasonably request, but such information to the extent designated as Confidential Information pursuant to Article 26,
shall be deemed Confidential Information of Seller.

All Other Assignments and Transfers by Purchaser. All other assignments or transfers by
Purchaser of any or all of its duties or rights under this Contract (by operation of law or otherwise) are subject to Sellers prior written consent, such consent not to be unreasonably withheld, conditioned, or delayed.

Sellers Right to Assign. Seller may not assign its rights or delegate its obligations under this Contract without the prior written consent of
Purchaser, such consent not to be unreasonably withheld, conditioned, or delayed, so long as Seller is also assigning such rights or delegating such obligations under each of the other Multi-Hearth Furnace Contracts.

Conditions. Any assignment shall be subject to all limitations of liability contained in this Contract. Neither Party may assign this Contract except in
accordance with this Article. Any purported assignment not in accordance with this Article shall be void and without effect.

Article 28. Dispute
Resolution

Referral to Senior Management. Any and all controversies, disputes or differences between the Parties, if not amicably settled
by the Parties within thirty (30) days following written notice of dispute, shall be referred to senior management of the Parties for resolution unless an earlier time has been provided herein. If the dispute has not been resolved within thirty
(30) days following referral to senior management, or such longer period as the Parties may mutually agree, then either Party may, upon ten (10) days notice to the other Party, institute appropriate action in accordance with the
following paragraph.

Any disputes regarding (a) payments or amounts payable pursuant to this Contract, or (b) the content or value of the Punch
List, which disputes are not resolved between the Parties by referral to senior management as described in the preceding paragraph, shall be resolved by arbitration in accordance with Attachment 15. Any controversies or disputes not resolved between
the Parties by referral to senior management or not resolved by arbitration pursuant to the preceding sentence shall be resolved in an action brought in the state or federal courts in the County of Monroe, state of New York, and the Parties consent
to the exclusive personal



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jurisdiction of such state and federal courts for such purpose. Each Party: (x) to the fullest extent permitted by Applicable Legal Requirements,
irrevocably waives any objection which it may now or hereafter have to the personal jurisdiction or venue of such courts with respect to any dispute (e.g., that any proceeding brought in such a court has been brought in an inconvenient forum); and
(y) agrees that it will not file any motion or assert any defense in any such proceeding involving any such dispute that is inconsistent with the foregoing waivers and consent.

Article 29. Governing Law

This Contract shall be construed and interpreted in accordance with the laws of the state
of New York, excluding its conflict of law rules.

Article 30. [Reserved]

Article 31. Contract Documents and Order of Precedence

This Contract, together with the enumerated Attachments
(1-18) hereto (all of which are incorporated herein by this reference) shall comprise this Contract and shall together be referred to as the Contract Documents.

Upon discovery, Seller or Purchaser shall promptly notify the other in writing of any conflicts, ambiguities, inconsistencies, errors, or omissions in, between or among any of Contract Documents or Applicable Legal
Requirements and shall cooperate in effecting a resolution of the same that is consistent with the principles expressed in this Article 31. In the event of any inconsistencies between this Contract and the other Contract Documents, the following
order of precedence in the interpretation hereof or resolution of such conflict hereunder shall prevail:



| | (i) | duly authorized and executed Change Orders and written amendments to this Contract executed by both Parties;
| | --- | ------------------------------------------------------------------------------------------------------------



| | (ii) | this Contract;
| | ---- | --------------



| | (iii) | the Attachments; and
| | ----- | --------------------



| | (iv) | Drawings produced and delivered pursuant to this Contract (in respect of which, precedence shall be given to Drawings of a larger scale over those of smaller, figured dimensions on
the Drawings shall control over scaled dimensions, and noted materials shall control over undimensioned graphic indications).
| | ---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Where an
irreconcilable conflict exists among Applicable Legal Requirements, this Contract, the Drawings and the specifications in the Materials, the earliest item mentioned in this sentence involving a conflict shall control over any later mentioned item or
items subject to such conflict. Notwithstanding the foregoing terms of this Article 31, if a conflict exists within or between parts of the Contract Documents, or between the Contract Documents and Applicable Legal Requirements, the more stringent
or higher quality requirements shall control. Where a conflict exists among Codes and Standards applicable to Sellers performance of the Work, the most stringent provision of such Codes and Standards shall govern.



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Article 32. Effective Date

The Effective Date of this Contract shall be the date when it has been signed by both Parties. Notice to Proceed for Work at the Site shall be provided in writing in separate releases by Purchaser to Seller and shall be issued on or before
September 8, 2008.

Article 33. Entire Agreement

This Contract, together with the other Multi-Hearth Furnace Contracts, represents the entire agreement between the Parties and no modification, amendment, rescission, waiver or other change shall be binding on either Party unless
assented-to in writing by the Partys Authorized Representative.

Article 34. Miscellaneous Provisions

Third-Party Beneficiaries. Except as provided in Article 25, and except with respect to Purchasers lenders in connection with the financing for the
Project, these provisions are for the benefit of the Parties hereto and not for any other third party.

Export Control. All sales hereunder
of U.S.-origin goods and related technical data shall at all times be subject to the export control laws and regulations of the U.S. Government and any amendments thereof. Purchaser shall not make any disposition by way of transshipment, export,
diversion or otherwise, except as such laws and regulations may expressly permit, of U.S.-origin goods and related technical data supplied by Seller.

Survival. The Articles with the following titles shall survive termination of this Contract: Taxes, Intellectual Property, General Indemnity, Limitation of Liability, Proprietary Information and Miscellaneous Provisions.

Non-Waiver. Waiver by either Party of any right under this Contract shall not be deemed a continuing waiver or a waiver of any other right
hereunder by such Party.

Invalidity. The invalidity in whole or in part of any part of this Contract shall not affect the validity of the
remainder of this Contract, and the Parties request the applicable tribunal to construe and conform the invalid part to most closely reflect the intent of the Parties.

Counterparts. This Contract may be signed in any number of counterparts, each of which shall constitute one and the same instrument.

[The Remainder of This Page Left Intentionally Blank.]



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IN WITNESS WHEREOF the Parties have caused this document to be executed by their Authorized Representatives as of
the Effective Date.



|                                 |  |                     |  |                                       |  |     |  |                     
|-------------------------------- |  | ------------------- |  | ------------------------------------- |  | --- |  | --------------------
|Seller                           |  |                     |  | Purchaser                            
|                                 |  |                    
|INDUSTRIAL FURNACE COMPANY, INC. |  |                     |  | RED RIVER ENVIRONMENTAL PRODUCTS, LLC
|                                 |  |                     |  |                                      
|By:                              |  | /s/ William T. Lill |  |                                       |  | By: |  | /s/ Richard Schlager
|                                 |  | (Signature)         |  |                                       |  |     |  | (Signature)         
|                                 |  |                     |  |                                      
|                                 |  | William T. Lill     |  |                                       |  |     |  | Richard Schlager    
|                                 |  | (Printed Name)      |  |                                       |  |     |  |                     
|                                 |  |                     |  |                                       |  |     |  | Managing Member     
|                                 |  | Vice President      |  |                                       |  |     |  |                     
|                                 |  | (Title)             |  |                                       |  |     |  | September 5, 2008   
|                                 |  |                     |  |                                       |  |     |  | (Date)              
|                                 |  | September 5, 2008   |  |                                       |  |     |  |                     
|                                 |  | (Date)              |  |                                       |  |     |  |                     
|                                 |  |                     |  |                                       |  | By: |  | /s/ Jean Bustard    
|                                 |  |                     |  |                                       |  |     |  | (Signature)         
|                                 |  |                     |  |                                      
|                                 |  |                     |  |                                       |  |     |  | Jean Bustard        
|                                 |  |                     |  |                                      
|                                 |  |                     |  |                                       |  |     |  | Member              
|                                 |  |                     |  |                                      
|                                 |  |                     |  |                                       |  |     |  | September 5, 2008   
|                                 |  |                     |  |                                       |  |     |  | (Date)              



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Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No.
000-50216) on

November 7, 2008



Attachment 1

Defined Terms

In addition to the terms defined elsewhere herein, the following defined terms will be used
throughout this Contract:

Affiliate means any entity that directly or indirectly controls, is controlled by or is under common
control with a Party. For the purposes of this definition, control means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of the controlled entity, whether through the
ownership of voting securities or partnership or other ownership interests or by contract or otherwise.

Applicable Legal
Requirements means all laws (including common law), statutes, regulations, codes, rules, treaties, ordinances, judgments, directives, permits, decrees, decisions, approvals, interpretations, injunctions, writs, orders or other similar
legal requirements in effect of any governmental authority relating to the Work, either of the Parties, the Project or any of the activities of either of the Parties contemplated by this Contract.

Application for Payment has the meaning ascribed in Article 4 of this Contract.

Attachment means, as applicable, the Attachments attached to this Contract and incorporated by reference herein.

Authorized Representative means the Parties respective Project Managers and any other individual(s) designated in writing as authorized
to bind Purchaser or Seller respectively to Change Order(s) or otherwise to modify this Contract.

Bond has the meaning ascribed
in Article 3 of this Contract.

Business Day means a Day on which banks or businesses are not required or authorized by law or
executive order to close in the state of New York.

Certain Purchaser Test Obligations means Purchasers supply of operators
and material handlers, fuel and other utilities, instrument and control systems and other instrumentation, material handling equipment needed to accept Unit input and remove Unit output, and independent laboratory services needed to perform the
Performance Tests and re-tests.

Certificate of Unit Installation Completion has the meaning ascribed in Article 9 of this
Contract.

Change in Applicable Legal Requirements means a change to an Applicable Legal Requirement, or a change in the
interpretation or application of an Applicable Legal Requirement by the cognizant executive or judicial authorities occurring after the Effective Date.

Change Order means a written agreement signed by both Parties to change the Equipment, Services, and/or other terms of this Contract which describes the change, identifies the writing as a Change Order, and sets
out adjustments, if any, in the Contract Price, the Project Schedule, and any other term of this Contract which is affected.



PageA1-1



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Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Codes and Standards has the meaning ascribed in Article 18 of this Contract.

Confidential Information has the meaning ascribed in Article 26 of this Contract.

Contract means this Multiple Hearth Furnace (MHF) Contract (Crowfoot Project) Unit #4 between the Parties.

Contract Documents means this Contract and all its enumerated Attachments, Change Orders, and other amendments, supplements and other
modifications.

Contract Price means the total firm price as consideration for the Work, as set forth in Article 2 of this
Contract, as adjusted from time to time in accordance with this Contract.

Day or day means, in the
singular or plural, a calendar day or days, unless the term Business Day or Business Days is used, or as specifically noted otherwise.

Delivery of the Equipment shall occur upon the event described in Article 6 of this Contract.

Delivery
Point has the meaning ascribed in Article 6 of this Contract.

Discloser has the meaning ascribed in Article 26 of
this Contract.

Drawings has the meaning ascribed in Article 7 of this Contract.

Effective Date means the date described in Article 32 of this Contract.

Eligible Assignee has the meaning ascribed in Article 27 of this Contract.

EPC Contractmeans that certain Engineering, Procurement and Construction Contract to be entered into by BE&K Construction Company, LLC and Purchaser, pursuant to which EPC Contractor shall
provide engineering, design, procurement, construction, construction management, testing, commissioning and related services for the Project, as such may thereafter be amended, supplemented and otherwise modified.

EPC Contractor means BE&K Construction Company, LLC, and its successors and permitted assigns under the EPC Contract.

EPC Reliability Bonus Test means that twenty-four (24) hour period during the EPC Contractors performance of the Reliability
Test, as such term is defined in the EPC Contract, or immediately following successful completion of such Reliability Test, conducted pursuant to Section 6.7.8 of the EPC Contract to evaluate Sellers eligibility for the Reliability
Bonus.

EPC Schedule has the meaning ascribed in Article 9 of this Contract.

Equipment means all of the equipment to be provided by Seller described in Article 1 of this Contract.



PageA1-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Financial Close for the Project means that Purchaser has closed with equity investors
and/or debt providers to secure one hundred percent (100%) of the anticipated costs of completing the Project and the proceeds thereof are available to Purchaser.

Force Majeure has the meaning ascribed in Article 20 of this Contract.

Hazardous
Materials has the meaning ascribed in Article 1 of this Contract.

Late Payment Rate means the lesser of:
(a) the prime rate of interest (sometimes referred to as the base rate) for corporate loans as published in The Wall Street Journal under Money Rates as such rate may be in effect from time to time during the period the
delinquent amount remains outstanding, plus four percent (4%) per annum, or (b) the highest per annum interest rate allowed by Applicable Legal Requirements.

Liquidated Damages has the meaning ascribed in Article 9 of this Contract.

Liquidated Damages Cap means * percent (*%) of the total aggregate amount of the Contract Prices under all of the Multi-Hearth Furnace Contracts, as such Contract Prices may be modified from time to time pursuant
to Change Orders thereunder. The aggregate amount of Liquidated Damages paid pursuant to this Contract and all of the other Multi-Hearth Furnace Contracts shall not exceed, in the aggregate, the Liquidated Damages Cap.

Local Laws shall be those local Applicable Legal Requirements that are: (a) identified in Attachment 2 and (b) in effect as of the
Effective Date. If no local Applicable Legal Requirements are set forth in Attachment 2, the Work shall not incorporate any consideration of local Applicable Legal Requirements.

Losses has the meaning ascribed in Article 22 of this Contract.

Major
Subcontractor has the meaning ascribed in Article 4 of this Contract.

Make Good Obligation has the meaning
ascribed in Article 10 of this Contract.

Materials has the meaning ascribed in Article 7 of this Contract.

MHF has the meaning ascribed in the foreword to this Contract.

Milestone means those major Project milestones related to the Work to be performed hereunder by Seller, as identified in Attachment 3.

Multi-Hearth Furnace Contract(s) means any, some or all of the four (4) contracts, of even date herewith, by and between the Parties,
entitled Multiple Hearth Furnace (MHF) Contract (Crowfoot Project) for Unit #1, Unit #2, Unit #3 or Unit #4.

Notice of
RTS means Sellers notice of readiness to ship the Equipment, or relevant portion thereof, from the relevant factory or warehouse.



PageA1-3



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Notice of Unit Installation Completionhas the meaning ascribed in Article 9
of this Contract and must relate to both Units #1 and #2.

Notice to Proceed has the meaning ascribed in Article 32 of
this Contract.

Order Definition Meeting means a project kick-off meeting between Sellers Project team and Purchasers
Project team.

Owner means ADA-ES, Inc., a Colorado corporation.

Parent Guaranty has the meaning ascribed in Article 3 of this Contract.

Party and Parties have the meanings ascribed in the foreword to this Contract.

Payment Schedule means the schedule of payments as outlined in Article 4 of this Contract based on the Schedule of Values attached to this Contract as Attachment 3, as modified in accordance with this Contract.

Performance Guarantees means all of the guarantee amounts set forth in Article 10 of this Contract as tested and measured in
accordance with Attachment 7.

Performance Testing means the performance testing set forth in Attachment 7.

Performance Tests has the meaning ascribed in Article 12 of this Contract.

Project means Purchasers activated carbon generation project.

Project
Manager has the meaning ascribed in Article 9 of this Contract.

Project Schedule means the schedule set forth in
Attachment 6, as modified in accordance with this Contract.

Punch List means a comprehensive list of Work
to be completed within sixty (60) days after Substantial Completion that shall initially be prepared upon Unit Installation and which may be supplemented thereafter until agreement thereto by both Parties in connection with the occurrence of
Substantial Completion.

Purchaser means the entity so identified in the foreword to this Contract.

Purchasers Engineer means an engineer designated in writing by Purchaser, addressed to Seller, delivered within ten (10) days of
Financial Close for the Project.

Ready For First Fire means the Equipment is expected to be substantially in the material
condition of Unit Installation, where the status of Ready for First Fire shall serve as notice by Purchaser to Seller that Unit #4, upon completion of Purchaser-furnished work and services expressly required by this Contract, including those Certain
Purchaser Test Obligations, shall be available for commencement of the Performance Tests.

Receiver has the meaning ascribed in
Article 26 of this Contract.



PageA1-4



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Reliability Bonus has the meaning ascribed in Article 11 of this Contract.

Representatives has the meaning ascribed in Article 26 of this Contract.

RTS means Ready to Ship.

Scheduled Completion Date has the
meaning ascribed in Article 9 of this Contract.

Scheduled RTS Date has the meaning ascribed in Article 6 of this Contract.

Seller means the entity so identified in the foreword to this Contract.

Seller Parties has the meaning ascribed in Article 8 of this Contract.

Services means all of those services described in Attachment 2.

Site
means the location of the Project and place where the Equipment will be installed, together with laydown and parking areas for the use of Seller, as described in the Recitals to this Contract.

State Laws shall be those state Applicable Legal Requirements that are: (a) identified in Attachment 2, and (b) in effect as of the
Effective Date. If no State Laws are set forth in Attachment 2, the Work shall not incorporate any consideration of State Laws.

Subcontractor means any subcontractor, Supplier, materialman, or any other person or entity having a contract with Seller or any subcontractor thereto to supply equipment, materials, services, labor or other Work.

Substantial Completion means each of the following conditions has been completed or has occurred with respect to all four
(4) Units:

1) Unit Installation for Units #1, #2, #3 and #4 has been achieved;

2) Substantial Completion for Units #1 and #2, as defined under the Multi-Hearth Furnace Contracts for Units #1 and #2, respectively, has been achieved;

3) the most recent completed Performance Test for Units #3 and #4 demonstrate concurrent achievement, and when each Unit is operated as an
individual Unit, individual achievement, of the Performance Guarantees and compliance with all Applicable Legal Requirements applicable to Seller under this Contract and necessary for the Equipment to be capable of operations in compliance
therewith;

4) during the completed Performance Test for Units #3 and #4: (a) the Equipment is not operated outside its continuous
rated limits, (b) only the normal contingent of up to two (2) control room personnel and four (4) field operators per shift performing their anticipated normal operations were required to operate all four (4) Units during the
conduct of such completed Performance Test and (c) no temporary or special equipment that is not part of the Work was required to conduct or complete such completed Performance Test;



PageA1-5



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



5) there are no liens (except those for which a Seller lien bond has been provided in accordance with
the terms of this Contract) resulting from the actions or failure to act of Seller, its personnel or any of its Subcontractors, other than liens resulting from the failure of Purchaser to pay all amounts due to Seller in accordance with the terms of
this Contract;

6) Seller (a) has provided to Purchaser all spare parts for Units #1 and #2 that are required to be provided pursuant
to the Multi-Hearth Furnace Contracts for Units #1 and #2, or (b) shall have used reasonable efforts to provide such spare parts by the date of Substantial Completion. The occurrence of Substantial Completion shall not be delayed solely by
Sellers failure to provide spare parts for either or both Unit #1 and/or Unit #2, but Seller shall provide all remaining spare parts required for Unit #1 and/or Unit #2, as applicable, within thirty (30) days after the date of Substantial
Completion.

7) Seller (a) has provided to Purchaser a final operations and maintenance manual and other submittals specifically
required to be submitted prior to or as a condition of Substantial Completion for Units #3 and #4, or (b) shall have used reasonable efforts to provide such final operations and maintenance manual and such other submittals, in either case if
such manual differs from that provided pursuant to any of the other Multi-Hearth Furnace Contracts. The occurrence of Substantial Completion shall not be delayed solely by Sellers failure to provide such final manual, if required, and other
submittals, but if such manual is required, Seller shall furnish Purchaser with a preliminary operations and maintenance manual to achieve Substantial Completion and thereafter shall furnish the final version to Purchaser within sixty (60) days
after the date of Substantial Completion;

8) Seller and Purchaser have agreed upon, or (by resolution via dispute resolution or otherwise)
arrived at the content of the Punch List;

9) Seller has completed the Work for Unit #3 and Unit #4 so that the Equipment is capable of
being operated in the normal course of business in accordance with the operating procedures set forth in the operations and maintenance manual and prudent industry practices, except for any remaining items set forth in the Punch List; and

10) Seller has completed the training of Purchaser-provided personnel that have been made available on a timely basis pursuant this
Contract.

Supplier(s) means any corporation, partnership, or individual having a contract with Seller to supply material,
equipment, labor, goods, or services to Seller in connection with its obligations under this Contract, other than contracts for labor or other services to be performed at the Site.

Termination Payments has the meaning ascribed in Article 5 of this Contract.

Unit means an individual multi-hearth furnace, together with all associated appurtenances and support equipment as described in Attachment 2.

Unit #1 has the meaning ascribed for Unit #1 in the Multi-Hearth Furnace Contract for Unit #1, of even date herewith, by and between the Parties.

Unit #2 has the meaning ascribed for Unit #2 in the Multi-Hearth Furnace Contract for Unit #2, of even date herewith, by and
between the Parties.



PageA1-6



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Unit #3 has the meaning ascribed for Unit #3 in the Multi-Hearth Furnace
Contract for Unit #3 of even date herewith, by and between the Parties.

Unit #3 Work has the meaning ascribed for
Work in the Multi-Hearth Furnace Contract for Unit #3 of even date herewith, by and between the Parties.

Unit #4 has
the meaning ascribed in Article 1 of this Contract.

Unit Installation means completion of all Work necessary to initiate dryout
of the applicable Unit including: erection, refractory installation, Seller-furnished equipment installation, Seller-furnished stack and ducting installation, and to the extent provided by Seller as part of the Work, all piping systems are
interconnected, flushed, and tested, as applicable; all wiring is interconnected; point-to-point continuity tests have been successfully performed; loop checks are completed; all other required electrical checks (e.g., analog loop 5 point tests,
insulation tests, initial control loop tuning, etc.) are successfully completed; the rotating components of the Equipment are checked for rotation and motored (with its hydraulic starter system where appropriate); a draft operations and maintenance
manual has been provided and Seller-furnished Equipment required for the operation of the Equipment has been installed, checked-out, and is ready for commissioning. For the sake of clarity, it is understood that Unit Installation shall not require
completion of the Punch List.

Unit Installation Completion Date means the date that all Seller-furnished Work required by this
Contract has been completed by Seller for the applicable Unit and any remaining Purchaser-furnished work may commence in preparation for final completion.

Warranty Period has the meaning ascribed in Article 15 of this Contract.

Work means the
Equipment and Services to be supplied by Seller under this Contract.



PageA1-7



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Attachment 2

Technical Requirements

Package No. EHF-101, Rev 1, August 20, 2008

Multi-Hearth Furnace



Page A2-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Attachment 3

Schedule of Values

The following table outlines major Project Milestones and the associated payments for Work to be
completed in conformance with this Contract. The terms and conditions for payment are set forth in Article 4 of this Contract. This Attachment 3 is intended as a mechanism to assist in the assessment of the level of Work completed and to assist with
establishing and forecasting the associated Payment Schedule. This Attachment 3 is not intended as a detailed reflection of the Project Schedule or an accurate reflection of specific costs associated with the specific Milestone; however, this
Attachment 3 shall be the basis of payment under this Contract for the completion of such Milestones.



Page A3-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Attachment 4

Form of Notice of Unit Installation Completion

(Date)

Mr. Tony Smith

Contract Manager

Red River Environmental Products, LLC

c/o ADA-ES, Inc

8100 SouthPark Way, Suite B

Littleton, CO 80120-4525



|         |  |                                                                     
|-------- |  | --------------------------------------------------------------------
|Subject: |  | Notice of Unit Installation Completion  Crowfoot Project           
|         |  | Red River Environmental Products, LLC, Multiple Hearth Furnace (MHF)
|         |  | Contract, dated []                                                  

Mr. Smith:

Industrial Furnace Company, Inc. (IFCO) is pleased to submit this Notice of Unit Installation Completion for Unit #4 of the Crowfoot Project.

This notice certifies that IFCO has satisfied all the conditions for Unit Installation for Unit #4 pursuant to the referenced Contract.

When Unit
Installation for Unit #4 has been achieved, Red River Environmental Products, LLC shall countersign this Notice to show the Unit Installation Completion Date, in accordance with the referenced Contract. This Notice is delivered with the Notice of
Unit Installation Completion for Unit #3 of the Crowfoot Project pursuant to the referenced Contract.

IFCO will work with Red River Environmental
Products, LLC to facilitate timely achievement of Substantial Completion.



Regards,(signature)(date)Project Manager, Industrial Furnace Company, Inc.




|                 
|-----------------
|                 
|Countersigned    
|                 
|(signature)      
|                 
|(date)           
|[Project Manager]



Page A4-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Red River Environmental Products, LLC



Page A4-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



Attachment 5

Lien Waiver Forms

SELLERS CERTIFICATE OF COMPLETION

AND FINAL RELEASE AND WAIVER OF LIENS

Industrial Furnace Company, Inc. (SELLER), by [], its Authorized Representative, hereby certifies
that all work required to be done under the Multiple Hearth Furnace (MHF) Contract (Crowfoot Project) Unit #4, dated [],
(Contract) with Red River Environmental Products, LLC (Purchaser), and in connection with improvements on premises owned by Purchaser at Armistead, Red River Parish, Louisiana has been completed in accordance with the
Contract Documents.

SELLER certifies that all laborers, materialmen and suppliers have been paid (or if not, SELLER has provided Purchaser reasonably
satisfactory security as provided in Article 4 of the Contract against the claims or demands of such laborers, materialmen and suppliers) and that there are no outstanding claims or demands between SELLER and Purchaser or between SELLER and Owner,
except for payment of the retainage in the amount of [] dollars
($).

Upon payment in full
of the retainage, SELLER shall have no, and hereby waives any further claim or claims whatsoever with respect to Purchaser or Owner, including, but not limited to, claims for payment of the Contract Price. SELLER does hereby waive and release any
and all liens or right of lien of the aforesaid Contract, as well as any other claims or demands it may have attributable to the Work performed under the Contract, and agrees to indemnify and hold Purchaser harmless from and against any and all
claims of laborers, materialmen and suppliers of SELLER.

This certificate does not relieve SELLER of its continuing warranty and guarantee obligations
under the Contract, and this certificate shall not be construed as an acceptance of defective Work or of improper materials.



|         |  |                     
|-------- |  | --------------------
|DATE:
//
|         | 
|SELLER:  |  |                     
|         | 
|BY:      |  |                     
|         |  | Authorized Signature

Subscribed and sworn before me this  day of
 20.

NOTARY PUBLIC:



Page A5-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on

November 7, 2008



COMMISSION EXPIRES:

STATE OF

COUNTY OF

On this  day of
, 200, before me personally appeared
,
to me personally known and known to me to be the same person described in and who executed the within instrument, consisting of two (2) pages, of his/her own free will and duly acknowledged that he/she executed the same with full authority to
do so.

Notary Public

(SEAL)



Page A5-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



SELLERS PARTIAL

RELEASE AND WAIVER OF LIENS AND CLAIMS

Industrial Furnace Company, Inc.
(SELLER), by [], its Authorized Representative, hereby certifies that all work performed in accordance with
Invoice No. []and under the Multiple Hearth Furnace (MHF) Contract (Crowfoot Project) Unit #4, dated
[] (Contract) with Red River Environmental Products, LLC (Purchaser), and in connection with
improvements on premises owned by Purchaser at Armistead, Red River Parish, Louisiana has been completed in accordance with the Contract Documents.

Upon payment in full of the Invoice No. [], SELLER certifies that, except for pending claims identified in
Exhibit 1 hereto (i) all laborers, materialmen and suppliers have been paid to date and (ii) there are no outstanding claims or demands between SELLER and Purchaser and between SELLER and Owner.

Upon payment in full of the Invoice No.
[], SELLER shall have no, and hereby waives, any further claim or claims whatsoever with respect to Purchaser or Owner,
including, but not limited to, claims for payment of the Contract Price as of the date hereof. SELLER does hereby waive and release any and all liens or right of lien of the aforesaid Contract, as well as any other claims or demands it may have
attributable to the Work performed as of the date hereof under the Contract, and agrees to indemnify and hold Purchaser harmless from and against any and all claims of laborers, materialmen and suppliers of SELLER.

NOW, THEREFORE, upon receipt of payment of said Invoice, SELLER does hereby waive, release and relinquish all claim or right of lien which SELLER may now have upon the
premises above described except for claims or right of lien for Contract and/or Change Order Work performed to the extent that payment is retained or will subsequently become due.



|         |  |                     
|-------- |  | --------------------
|DATE:
//
|         | 
|SELLER:  |  |                     
|         | 
|BY:      |  |                     
|         |  | Authorized Signature

Subscribed and sworn before me this  day of
 20.

NOTARY PUBLIC:

COMMISSION EXPIRES:



Page A5-3



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Exhibit 1

to Sellers Partial Release and Waiver of Liens and Claims



|                 |  |                      |  |                            
|---------------- |  | -------------------- |  | ---------------------------
|Pending Claimant |  | Pending Claim Amount |  | Expected Date of Resolution
|1.               |  |                      |  |                            



Page A5-4



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 6

Scheduled Completion Dates



|                               |  |                          
|------------------------------ |  | -------------------------
|Description                    |  | Scheduled Completion Date
|Unit Installation, MHF #1      |  | *                        
|Unit Installation, MHF #2      |  | *                        
|Unit Installation, MHF #3      |  | *                        
|Unit Installation, MHF #4      |  | *                        
|Substantial Completion, MHF #1 |  | *                        
|Substantial Completion, MHF #2 |  | *                        
|Substantial Completion, MHF #3 |  | *                        
|Substantial Completion, MHF #4 |  | *                        



Page A6-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 7

Performance Test Procedures, Conditions and Protocol



Page A7-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|1.0 | INTRODUCTION
|--- | ------------



1.1 Summary of Test Program

Pursuant to the
Contract with Purchaser to provide Multiple Hearth Furnaces for Purchasers activated carbon facility, Seller will oversee a test program to measure and verify performance of the four (4) new MHFs to be provided under separate Multi-Hearth
Furnace Contracts. The purpose of this test program is to demonstrate the MHFs (individually and collectively) meet or exceed all of the mutually-agreed guarantee values established in the Multi-Hearth Furnace Contracts, quantify the product
capacity of the MHFs, validate the quality of the MHF product, validate auxiliary power consumption, confirm total heat content of the offgas, and verify the controlled emissions of total suspended particulate (TSP), nitrogen compounds and sulfur
compounds. This test program is required only for the purpose of the Multi-Hearth Furnace Contracts, and may or may not be part of any regulatory requirement or submission. The results of the testing program will provide information to confirm
performance of the Equipment supplied as part of the Multi-Hearth Furnace Contracts. This information will provide a basis for achievement of Substantial Completion.

The emission tests will be carried out in accordance with this document with input and assistance from Seller, Purchaser, the EPC Contractor, and the Independent Testing Company. Rigid sampling rules, testing
requirements, and chain-of-custody requirements may be waived by Purchaser at the recommendation of the Independent Testing Company. Seller will be responsible for coordinating the testing with Purchasers operators, the EPC Contractor, and the
Independent Testing Company. Purchasers Plant operators will be responsible for collecting all field samples. Seller and EPC Contractor will coordinate their efforts to produce the information to be gathered from the Project DCS system. An
Independent Testing Company will be responsible for collecting all gas and particulate emission samples and for obtaining all laboratory analyses of all samples, including, without limitation, feed material, product material and cyclone ash.

Section 2.0 of this Attachment 7 presents a description of the Sellers supply/source. Section 3.0 outlines the test program, objectives,
and test matrix. Section 4.0 describes the sampling locations to be used in this test program. Sampling and analysis methodologies are presented in Section 5.0. Quality assurance/quality control (QA/QC) procedures specific to this test
program are described in Section 6.0. Section 7.0 presents the general reporting format to be implemented in writing the final report.



Page A7-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Performance Tests



|                                           |  |       
|------------------------------------------ |  | ------
|Parameter                                  |  | Metric
|*                                          |  | *     
|*                                          |  | *     
|*                                          |  | *     
|*                                          |  | *     
|*                                          |  | *     
|Emissions at ID fan outlet location in 4.1
|*                                          |  | *     

Tests are to run as close to the guarantee point (47TPD) as possible to minimize any correction and
associated uncertainties during the performance tests.

Performance Adjustments



|             |  |                               
|------------ |  | ------------------------------
|Variable     |  | Performance Adjustment Process
|Feedstock    |  |                               
|Fixed Carbon |  | (*)                           
|Sulfur       |  | (*)                           
|Moisture     |  | (*)                           



| | (*) | Adjustment guidelines to be developed and agreed to during test procedure development prior to start of testing or after lab analysis of feed coal.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------

1.2 Test Program Organization

The
following is a list of those individuals responsible for the organization of this test program.



|                                 |  |                |  |                
|-------------------------------- |  | -------------- |  | ---------------
|Mr. Steve Young                  |  | ADA-ES         |  | (903) 938-4407 
|Mr. Ray Kosak                    |  | EPC Contractor |  | (205) 972 -6671
|Mr. Bill Mansfield               |  | IFCO           |  | (585) 288-4646 
|[TBD] (Purchasers site manager) |  |                |  | TBD            

1.3 Reporting

Preliminary test results to include recorded testing data, spreadsheets, notes on any variances and a summary of results will be provided by Seller in a summary report to the Purchaser the day after testing is
completed. The test report will be updated and provided to Purchaser as laboratory results are completed. A complete test report will be completed by Seller and submitted to Purchaser within 45-60 days after test completion. Seller and Purchaser
will strive to submit, review, and evaluate test data and results expeditiously to ensure timely completion of associated contract milestones



Page A7-3



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|2.0 | SOURCE DESCRIPTION
|--- | ------------------



2.1 Process Description

*.

2.2 Process Monitoring

Each MHF test program
shall consist of a 24-hour continuous MHF operation (test run) with all testing to be concurrent with the 24-hour period. Specific individual monitoring test data shall be taken and analyzed prior to any averaging of test data (Table 3-1 identifies
proposed test data averaging).

During this test program, the MHFs shall operate at not less than 100% of their guaranteed production
capacity. For each test day, a minimum of hourly grab samples of * feedstock will be collected during the test run (timing of * grab sampling to be coordinated with product sampling to account for MHF residence time). Each hourly sample will
subsequently be analyzed in an independent laboratory to determine both proximate and ultimate analyses, and for high heating value. *

The above
monitoring data will be included in the final report.



|3.0 | TEST PROGRAM
|--- | ------------



3.1 Objectives

The purpose of this test
program is to measure the guaranteed parameters as outlined in the Performance Tests Table above, including *, auxiliary power consumption, * from each MHF. Oxygen will be measured by the Independent Testing Company in the *. Other gases and
particulate emissions testing will be conducted in accordance with U.S. Environmental Protection Agency (EPA) or ASTM test procedures. Table 3-1 lists the parameters to be measured, the sampling method, the sampling times, and test data averaging
for each test.

3.2 Test Matrix

Table 3-1 presents the sampling and analytical matrix to be used at the MHF Test. Emissions/Offgas sampling shall be at the * sampling location. Offgas grab samples will be taken and analyzed by an Independent Lab. Sampling/testing will not
be initiated until the start-up procedures have been completed and MHFs have stabilized at the desired production rate for the test.



Page A7-4



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|                                                                                                                                                     |  |                 |  |                  |  |                          |  |               |  |                  
|---------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------- |  | ---------------- |  | ------------------------ |  | ------------- |  | -----------------
|TABLE 3-1 Test Matrix Performance Test Program Purchasers Activated Carbon Production Facility Multiple Hearth Carbon Furnaces Armistead, Louisiana
|Test Parameters                                                                                                                                      |  | Sampling Method |  | SamplingDuration |  | AnalyticalResponsibility |  | Sampling Rate |  | Test Data Average
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                
|*                                                                                                                                                    |  | *               |  | *                |  | *                        |  | *             |  | *                



Page A7-5



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|4.0 | DESCRIPTIONS OF SAMPLING LOCATIONS
|--- | ----------------------------------





|4.1 | MHF ID Fan Exhaust Gas Sampling Locations
|--- | -----------------------------------------



|* | 
|- | 



|4.2 | Process Sampling Location
|--- | -------------------------



|* | 
|- | 

Similar collection will be performed for the activated carbon production
samples. During the course of each MHF test run, one (1) five-liter (5L) activated carbon sample will be collected hourly and placed into a clean container. Each sample container will be labeled with the test number and sampling period.
The carbon production rate will be determined during testing by monitoring the Product Weigh Belt recordings through the DCS. MHF product day silo load cells provide a reference weight through the DCS as well.



Page A7-6



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|5.0 | SAMPLING AND ANALYTICAL METHODOLOGIES
|--- | -------------------------------------



The following test methods are proposed to be utilized during the MHF test run (emissions and performance):



|                  |  |                                                                                                     
|----------------- |  | ----------------------------------------------------------------------------------------------------
|EPA Method 1      |  | Sample and velocity traverses for stationary sources                                                
|EPA Method 2      |  | Determination of stack gas velocity and volumetric flow rate (type S Pitot tube)                    
|EPA Method 3A     |  | Determination of oxygen and carbon dioxide concentrations in emissions from stationary sources      
|EPA Method 4      |  | Determination of moisture content in stack gases                                                    
|EPA Method 5      |  | Determination of particulate emissions from stationary sources                                      
|EPA Method 6C     |  | Determination of sulfur dioxide emissions from stationary sources (instrumental analyzer procedure) 
|EPA Method 7E     |  | Determination of nitrogen oxides emissions from stationary sources (instrumental analyzer procedure)
|EPA Method 16B    |  | Determination of total reduced sulfur emissions from stationary sources                             
|ASTM D4607        |  | Determination of iodine number of activated carbon                                                  
|ASTM D2854 (2006) |  | Method for product density                                                                          
|ASTM D1946        |  | Procedure for fixed gas analysis                                                                    
|ASTM D5865        |  | Gross calorific value of coal and coke                                                              
|ASTM D3172        |  | Proximate analysis                                                                                  
|ASTM D3176        |  | Ultimate analysis                                                                                   
|EPA-600/R94-038C  |  | Air Pollution Measurement Systems                                                                   

The following sections describe the sampling and analytical procedures to be utilized during the emissions
testing.

5.1 Volumetric Flow Rate Tests

The volumetric flowrate of the exhaust gases, at the * will be determined using EPA Methods 1 through 4. The required number of traverse points, in accordance with EPA Method 1, will be used. * measurements will be taken at each traverse
point during each test run. Duct temperature measurements will also be taken at each traverse point using a Type-K thermocouple and digital temperature readout. The duct static pressure will also be measured during each test run. Methods to be
considered are pitot tube and manometer set up and/or anemometer readings or other methods appropriate for this high temperature gas.

The MHF offgas
moisture content will be determined from the moisture catch of the constant rate sampling train during the emissions testing in accordance with EPA Method 4. A minimum sample volume of thirty (30) cubic feet will be collected during each of the
*-hour periods of the performance test. The moisture content of the flue gas will be calculated as the ratio of the moisture catch corrected to standard conditions to the sum of the dry sample volume and the moisture catch, both corrected to
standard conditions.

5.2 Offgas Particulate Tests

TSP matter will be quantified in accordance with EPA Method 5. The isokinetic tests will be performed every * hours. The EPA Method 5 sampling train will consist of a glass nozzle, a heated glass lined probe, a
pre-weighed quartz filter heated in an enclosed box, a set of six (6) glass impingers connected in series, and a vacuum pump and dry gas meter. At the completion of each test run the sampling train will be leak checked to ensure no leakage
greater than 0.02 cubic feet per minute. The sampling train operating



Page A7-7



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



parameters will be recorded at each traverse point (i.e., temperature pressures and velocity head) on preprinted data sheets to be developed prior to the TSP
test. After the post leak check, the sampling train components will be taken to the clean up area. The following is a description of the TSP sampling recovery procedures.

Container 1     filter

Container 2     acetone washings from
nozzle, glass lined probe and front half of filter

Sample containers 1 and 2 will be brought back to the Independent Testing Laboratory for gravimetric
analysis. Minimum duplicate weighing (constant weight) will be performed on each sample fraction at ambient temperature and ambient pressure. No external heat will be applied to either the filter or acetone washings. All weighing will meet the
criteria for constant weight measurements as specified in EPA Method 5.

*

The particulate size distribution in the gas stream will be measured with an Andersen Mark III Cascade Impactor. The cyclone catch will be sent to an independent lab that specializes in particle size distribution
analysis.

Gas stream particle distribution and cyclone bottoms solids distribution test data shall be presented in a graph format for comparison to
cyclone removal guarantee.

5.3 Continuous Emissions Monitoring Tests

Flue gas CO2sulfur dioxide (SO2) and Oxygen content will be measured with a properly calibrated, transportable, CEM system (Test CEMS) or with instruments
specialized for the specific constituents. Sampling and analysis will occur at the *. A daily instrument calibration check and individual test run system calibration check will be performed on each analyzer in accordance with EPA Methods 3A and 7E,
or other appropriate methods.

*-minute test runs for CEMS parameters will be performed with the data recorded electronically in one-minute averages. The
average concentration over the *-minute test period will be recorded for each test run.



Page A7-8



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



The CEMS will consist of heated probe, heated out-of-duct
filter, calibration valve, heated Teflon transfer sample line, system, leakless vacuum pump, Teflon transport line, sample gas manifold (with bypass vent), and individual flow control valve for each specific analyzer. Instrument calibrations will be
performed with National Institute of Standards and Technology-certified compressed gas mixtures of target gases with a nitrogen balance. A three (3) or four (4) point analyzer calibration error (<2%) check will be conducted, prior to
testing, by injecting the calibration gases directly into the gas analyzers and recording the responses. Zero (0) and upscale calibration checks are conducted both before and after each test run in order to quantify measurement system
calibration drift (<3%) and sampling system bias (<5%). During these checks, the calibration gases are introduced into the sampling system at the probe outlet so that the calibration gases are analyzed in the same manner as the MHF duct gas
samples. Drift is the difference between the pre- and post-test run calibration check responses. Sampling system bias is the difference between the test run calibration check responses (direct analyzer calibration) and the initial calibration error
responses (direct analyzer calibration) to the zero (0) and upscale calibration gases.

Analyzer outputs will be recorded continuously with a
PC-driven data acquisition system. One (1)- minute averages will be produced for each gas component.

5.3.1 Emissions Sample Tests

* Samples will be collected using the sample collection procedure described in EPA Method 3. Samples collected shall be sufficient to allow
the Independent Lab to provide a full offgas composition for *. The sealed samples will be transmitted to an independent laboratory for analysis, using ASTM D1946, Procedure for Fixed Gas Analysis.

5.3.2 Offgas Heat Content

The
chemical heating value of the gas will be calculated from determination of the combustible species in the gas by taking Tedlar bag samples for analysis by an Independent Testing Laboratory or by analysis with a semi-continuous, on-line
chromatograph.

Alternatively, the chemical heating value of the gas will be determined by analysis with a semi-continuous, on-line
calorimeter or a bomb calorimeter.

The * will be determined by determining the composition of the gas by taking Tedlar bag samples for
analysis by an Independent Testing Laboratory or by analysis with a semi-continuous, on-line chromatograph. The temperature of the gas will be taken by the thermocouple(s) and the * will be calculated from the composition, the specific heat
capacities and the temperature.



Page A7-9



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



5.4* Tests

* samples shall be riffled and split into four aliquots, and one sent to the testing laboratory. The remainders will be held by ADA, IFCO, and BEK.

*

5.5 Plant Control System Tests

The production rate of activated carbon will be measured by a weighing device supplied by Purchaser or EPC Contractor outside of the scope of this Contract. The steam
usage will be measured by flow monitoring devices supplied as part of this Contract by Seller. The power consumption will be measured by an electric meter supplied by the Purchaser or EPC Contractor outside of the scope of this Contract. The data
output from these devices will be gathered by the plant DCS system and/or manually taken and recorded and stored. Purchaser and EPC Contractor will assist Seller in preparing a report from the stored data, which will be given to the Independent
Testing Company for inclusion in its final report.

5.6 Product Testing

Product samples will be sealed and transmitted to the Independent Lab or Purchaser to perform the ultimate and proximate analyses. These tests are the same as for the *
testing with the added testing for product density and Iodine number.

(What follows in Section 6 are typical quality control procedures and report
formatting, which are not a part of this test protocol, but which should be included in the Independent Testing Companys protocol.)



Page A7-10



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|6.0 | QUALITY ASSURANCE/QUALITY CONTROL PROCEDURES
|--- | --------------------------------------------



6.1 QC Procedures

Specific quality control
(QC) procedures will be followed to ensure the continuous production of useful and valid data throughout the course of this test program. The QC checks and procedures described in this section represent an integral part of the overall sampling and
analytical scheme. Strict adherence to prescribed procedures is quite often the most applicable QC check. A discussion of both the sampling and analytical QC checks that will be utilized during this program is presented below.

6.1.1 Equipment Inspection and Maintenance

Each item of field test equipment purchased by the Independent Testing Company is assigned a unique, permanent identification number. An effective preventative maintenance program is necessary to ensure data quality.
Each item of equipment that is returned from the field is inspected before it is returned to storage. During the course of these inspections, items are cleaned, repaired, reconditioned, and recalibrated where necessary. Each item of equipment
transported to the field for this test program is inspected again before being packed to detect equipment problems that may originate during periods of storage in an effort to minimize lost time on the job site due to equipment failure. Occasional
equipment failure in the field is unavoidable despite the most rigorous inspection and maintenance procedures. For this reason, independent testing companies routinely transport replacement equipment for all critical sampling train components to the
job site.

6.1.2 Equipment Calibrations

Prior to the start of the test program, Purchaser will receive copies of all sampling equipment calibrations and test CEMS calibration gas standards as described in their stack testing guidelines.

New items for which calibration is required are calibrated before initial field use. Equipment whose calibration status may change with use or time shall
be inspected in the field before testing begins and again upon return from each field use. When an item of equipment is found to be out of calibration, it will be repaired and recalibrated or retired from service. All equipment shall have been
periodically recalibrated in full, regardless of the outcome of these regular inspections. Calibrations shall be conducted in a manner and at a frequency which meets or exceeds EPA specifications. The Independent Testing Company shall follow the
calibration procedures outlined in the EPA Methods, and those recommended within the Quality Assurance Handbook for Air Pollution Measurement Systems: Volume III (EPA-600/R94-038c). When these methods are inapplicable, the Independent Testing
Company shall use methods such as those prescribed by the ASTM. Data obtained during calibrations will be recorded on standardized forms, which are checked for completeness and accuracy by the Independent Testing Company. Data reduction and
subsequent calculations shall be performed using the Independent Testing Companys computer facilities. Calculations shall be checked no less than twice for accuracy. Copies of calibration forms are included in the test report.

Emissions sampling equipment requiring calibration includes, without limitation, sampling nozzles, pitot tubes, pressure gauges, thermometers, dry gas
meters, and barometers.



Page A7-11



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



6.1.3 Analytical Quality Control Procedures

All analyses for this program will be performed using accepted laboratory procedures in accordance with the specified analytical protocols. Adherence to
prescribed QC procedures for the EPA Methods used for this test program will ensure data of consistent and measurable quality. Analytical QC will focus on the use of control standards to provide a measure of analytical precision and accuracy.
Reagent blanks and laboratory blanks will be used to check for contamination. Calibration procedures vary by analyzer. Each standard curve is run in duplicate and the mean values are used to calculate the calibration line. Also, specific acceptance
criteria are defined below for various analytical operations, including, without limitation, calibrations, control standard analyses, drift checks, and blanks.



|                                  |  |                          |  |          
|--------------------------------- |  | ------------------------ |  | ---------
|Table 6-1 Quality Control Samples
|                                  |  |                         
|Test Method and QC Sample         |  | Criterion                |  | QC Limits
|EPA Methods 7E                    |  |                          |  |          
|Analyzer Calibration Error        |  | Less than 2% of the span |  |          
|Sampling System Bias              |  | Less than 5% of span     |  |          
|Zero Drift                        |  | Less than 3% of span     |  |          
|Calibration Drift                 |  | Less than 3% of span     |  |          

6.1.4 Calculations Quality Control Procedures

Calculations for determining flow rates, moisture contents, isokinetics, and particulate and gaseous concentrations are made using a computer program
developed by the Independent Testing Company. This program utilizes the calculation procedures and equations specified in EPA Methods 2, 4, 5 and 6C. The program has been successfully used for numerous test efforts and has been validated by
independent performance audits. Sample calculations are performed by the software program and a definition of terms will be provided in the final report. Data will be transported to the software directly from the field data sheets.

6.2 QA/QC Checks of Data Reduction

The
Independent Testing Companys project manager will run an independent check (using a validated computer program) of the calculations with predetermined data before the field test to ensure that calculations done in the field are accurate. The
Independent Testing Companys project manager will also conduct a spot check on-site to assure that data are being recorded accurately. After the test, the Independent Testing Companys QA/QC manager will check the data input to assure
that the raw data have been transferred to the computer accurately.



Page A7-12



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



6.3 Sample Identification and Custody

Sample custody procedures for this program are based on EPA recommended procedures. Seller is responsible for ensuring that proper custody and documentation procedures
are followed for the field sampling and field analytical efforts.

All sampling data, including information regarding sampling times, locations, and any
specific considerations associated with sample acquisition are recorded in black ink on pre-formatted data sheets. Copies of completed field data sheets will be provided at the end of each day of testing.

Following sample collection, all samples are given a unique alphanumeric sample identification (ID) code. Sample labels and integrity seals are completed and affixed to
the sample container. An example sample ID is as follows:



| |  |                                                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 
| |  | -------------------------------------------------------------------------------------------------------------- |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 
| |  | Test Method  Run Number  Sample Container (component)  Date/Time  Location                                
| |  | M29                     3        
         5C (HCl)                             
8-25-08/8AM         cyclone

The remaining samples are stored in a secure area until shipment. The sample volumes are determined and recorded
and the liquid levels on each bottle are marked. All samples are packed and shipped according to U.S. Department of Transportation guidelines. As the samples are packed for shipment to the appropriate laboratories, chain-of-custody forms are
completed for each shipment box, and these forms are enclosed in each respective box. Samples will be held by the laboratories for the maximum holding periods.



Page A7-13



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|7.0 | REPORT FORMAT
|--- | -------------



7.1 Final Report Outline

The Table of
Contents for this final report will be as follows:

TABLE OF CONTENTS



|    |  |                                           |  |                                         |  |  
|--- |  | ----------------------------------------- |  | --------------------------------------- |  | -
|1.0 |  | INTRODUCTION                              |  | x                                      
|    |  | 1.1                                       |  | Summary of Test Program                 |  | x
|    |  | 1.2                                       |  | Key Personnel                           |  | x
|    |  |                                          
|2.0 |  | SOURCE AND SAMPLING LOCATION DESCRIPTIONS |  | x                                      
|    |  | 2.1                                       |  | Process Description                     |  | x
|    |  | 2.2                                       |  | Flue Gas and Process Sampling Locations |  | x
|    |  |                                          
|3.0 |  | SUMMARY AND DISCUSSION OF RESULTS         |  | x                                      
|    |  | 3.1                                       |  | Objectives and Test Matrix              |  | x
|    |  | 3.2                                       |  | Field Test Changes and Problems         |  | x
|    |  | 3.3                                       |  | Individual Test Results                 |  | x
|    |  |                                          
|4.0 |  | SAMPLING AND ANALYTICAL PROCEDURES        |  | x                                      
|    |  | 4.1                                       |  | Emission Test Methods                   |  | x
|    |  | 4.2                                       |  | Sample Identification and Custody       |  | x
|    |  |                                          
|5.0 |  | QA/QC ACTIVITIES                          |  | x                                      

APPENDICES



|           |  |                              
|---------- |  | -----------------------------
|Appendix A |  | Test Results and Calculations
|Appendix B |  | Field Data Sheets            
|Appendix C |  | Process Monitoring Data      
|Appendix D |  | Analytical Reports           
|Appendix E |  | Equipment Calibrations       
|Appendix F |  | Figures and Diagrams         



Page A7-14



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



7.2 Data Reduction and Summary

Tables 7-1 and 7-2 show the format to be used to summarize the data.

Table 7-1

Summary of Test Data

Red River Environmental Products Activated Carbon Facility

Multiple Hearth
Furnace

Louisiana



|                            |  |                   |  |                                  |  |         |  |         |  |        
|--------------------------- |  | ----------------- |  | -------------------------------- |  | ------- |  | ------- |  | -------
|                            |  |                   |  | Test Data  Samples 1 through 24
|Method/Component            |  | Units             |  | Sample1                          |  | Sample2 |  | Sample3 |  | Sample4
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|*                           |  | *                 |  |                                  |  |         |  |         |  |        
|Auxiliary Power Consumption |  | Kilowatts perhour |  |                                  |  |         |  |         |  |        



Page A7-15



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Table 7-2

Summary of Averaged Test Data

Red River Environmental Products Activated Carbon Facility

Multiple Hearth Furnace

Louisiana



|                            |  |                   |  |                                  |  |          |  |          |  |         
|--------------------------- |  | ----------------- |  | -------------------------------- |  | -------- |  | -------- |  | --------
|                            |  |                   |  | Average Test Data  1 through 12
|Method/Component            |  | Units             |  | Average1                         |  | Average2 |  | Average3 |  | Average4
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|*                           |  | *                 |  |                                  |  |          |  |          |  |         
|Auxiliary Power Consumption |  | Kilowatts perhour |  |                                  |  |          |  |          |  |         



Page A7-16



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 8

Time and Material Rates

Services performed under this Contract on a time and materials basis will be computed in
accordance with the rate sheet included below. Annual adjustments to the Time and Material Rates of this Attachment 8 will be made in the ordinary course of Sellers business, shall be consistent with its rates to other similarly situated
customers, and shall be based upon documented cost increases incurred by Seller.

Seller shall be reimbursed for travel, lodging, and normal out-of-pocket
expenses incurred in connection with the performance of the services. Travel shall be at coach class within the continental United States. Travel expenses shall be billed at cost. *



Page A8-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 9

EPC Schedule

The following EPC Schedule is solely for purposes of the provisions of Article 9 of this Contract, and
subsequent revisions to the EPC Schedule are as between Purchaser and EPC Contractor. Any such subsequent variations after the Effective Date that adversely affect Sellers ability to meet the Project Schedule shall, pursuant to Article 9,
entitle Seller to an equitable adjustment to the Contract Price or the Project Schedule, or both pursuant to a Change Order in accordance with this Contract.



Page A9-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 10

Supplemental Terms for On-Site Services

SC-S1. Purchasers Obligations at the Site

Purchaser will render reasonable assistance to Sellers personnel at the Site as described in Attachment 2 (Technical Requirements).

SC-S2. Health and Safety Matters

Seller shall perform all Site work
in accordance with Applicable Legal Requirements for worker health and safety. Seller shall take all necessary precautions, at all times, for the safety of Sellers, Purchasers, and third party personnel at Site. This includes, but is not
limited to, instruction of Sellers safety practices, proper and safe handling of hazardous substances and protection of Sellers personnel from exposure thereto, energization/de-energization of all power systems (electrical, mechanical
and hydraulic) using a safe and effective lock-out/tag-out procedure, and conducting periodic safety meetings during construction and start-up.

Seller
shall perform the Work according to a Site-specific Health and Safety plan, approved by both Seller and Purchaser.

Purchaser may, from time to time,
conduct safety audits to ensure safe conditions exist and make written recommendations to Seller concerning same in writing. Neither the conduct or non-conduct of safety audits nor the making of any recommendation by Purchaser shall relieve Seller
of the responsibility to provide a safe place to work.

If Purchaser documents that the safe execution of the Work at the Site is, or is apt to be,
imperiled by local conditions that are beyond the reasonable control of Seller, then Purchaser shall notify Seller in writing and Seller shall remove some or all of its personnel from the Site or take other remedial action. Such actions shall be
memorialized in a Change Order entitling Seller to an equitable adjustment in the Contract Price and/or Project Schedule, as appropriate.

SC-S3.
Hazardous Materials

If, at the Site, Purchaser encounters Hazardous Materials introduced to the Site by Seller or any Subcontractor and which require
special handling and/or disposal, Seller shall, at its cost, immediately take whatever precautions are required to legally eliminate such Hazardous Materials. Seller agrees to properly dispose of all Hazardous Materials produced or generated in the
course of Sellers work at the Site.

Purchaser shall indemnify Seller for any and all claims, damages, losses, causes of action, demands, judgments
and expenses arising out of or relating to (i) the presence of any Hazardous Materials which are present on the Site prior to the commencement of Sellers Work or (ii) improperly handled or disposed of by Purchaser or
(iii) brought on to the Site or produced thereon by parties other than Seller, its affiliates, Subcontractors, and agents and their employees. Seller shall indemnify Purchaser for any and all claims, damages, losses, causes of action, demands,
judgments and expenses to the extent arising out of or relating to the actual release of any



Page A10-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Hazardous Materials that (i) were brought on to the Site or produced thereon by Seller, its affiliates, Subcontractors and agents and their employees,
or (ii) were improperly handled or disposed of by Seller, its affiliates, Subcontractors and agents and their employees, in each case, to the extent that such release was caused directly by Seller, its affiliates, Subcontractors and agents and
their employees.

SC-S4. Integration and Coordination

Seller shall use reasonable efforts to arrange the performance of the Work, including the activities of it and its Subcontractors (and Purchaser shall use similar reasonable efforts to similarly cause its work, the work of the EPC
Contractor and each of their respective separate contractors) so that the Work and the work of Purchasers and the EPC Contractors forces or any of their respective separate contractors are properly coordinated, joined in an acceptable
manner and performed in the proper sequence without any disruption or damage to the Work, or any work of Purchasers and the EPC Contractors forces or their respective separate contractors.



Page A10-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 11

Confidentiality Agreement

CONFIDENTIALITY AGREEMENT

This Confidentiality Agreement (the Agreement), dated as of 
, 2008, is entered into by and between Industrial Furnace Company, Inc., a New York corporation on behalf of itself and its subsidiaries (Seller), and Red River Environmental Products, LLC, a Delaware
limited liability company on behalf of itself and its affiliates and subsidiaries (Purchaser) (each, a Party, and collectively, the Parties).

WHEREAS, Purchaser is developing an activated carbon facility in Armistead, Red River Parish, Louisiana (Project) that requires the
development of infrastructure-related facilities, the manufacture, delivery, erecting and commissioning of multiple-hearth furnace (MHF) equipment, and services and training in support thereof;

WHEREAS, Seller is engaged in the business of manufacturing, delivering, erecting and commissioning various kinds of MHF equipment and of providing
services and training in support of the installation and use thereof;

WHEREAS, Seller and ADA-ES, Inc. (ADA-ES, Inc.), a
Colorado corporation and parent company of which Purchaser is a wholly-owed subsidiary, entered into that certain Non-Disclosure Agreement, dated April 23, 2007 (the Original Agreement), attached hereto as Exhibit 1;

WHEREAS, pursuant to negotiations regarding the MHF equipment and related services (the Potential Transaction) each Party may provide the
other Party with certain information and/or documentation deemed, and so identified by, the disclosing Party to be Confidential Information, as such term is defined, and on the same terms as, the Original Agreement; and

WHEREAS, Purchaser and Seller wish to act pursuant to, and under a continuation of the Original Agreement, with modifications contained in this
Agreement, and otherwise to arrive at an agreement as to the handling, transfer, disclosure or non-disclosure, safeguarding, returning and otherwise the disposition of such Confidential Information as between the Parties.

NOW THEREFORE, for good and valuable consideration, including the Parties provision of such Confidential Information to the other, the Parties
hereby agree as follows:



|1. | Definitions.
|-- | ------------



| | a. | For the purposes of these additional provisions to the Original Agreement that comprise this Agreement:
| | -- | -------------------------------------------------------------------------------------------------------

Applicable Legal Requirements means all laws (including common law), statutes, regulations, codes, rules, treaties, ordinances,
judgments, directives, permits, decrees, decisions, approvals, interpretations, injunctions, writs, orders or other similar legal requirements in effect of any governmental authority relating to the Work, either of the Parties, ADA-ES, Inc., the
Project or any of the activities of either of the Parties contemplated by the Potential Transaction.

Disclosing
Party means the Party providing Confidential Information to the other Party.



Page A11-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Receiving Party means the party receiving Confidential Information from the
Disclosing Party



| | b. | All terms defined in the Recitals hereto shall have the meaning ascribed therein.
| | -- | ---------------------------------------------------------------------------------



| | c. | All other capitalized terms used herein shall have the meaning ascribed in the Original Agreement.
| | -- | --------------------------------------------------------------------------------------------------



|2. | This Agreement shall adopt fully, as if made between the Parties hereto, the entirety of the Original Agreement as written, with Purchaser performing the obligations of ADA-ES, Inc.
under the Original Agreement and with the following additional provisions:
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | a. | Paragraph 9. Disclosures in Contemplation of Financing of the Project. Each of the Parties may also disclose the Confidential Information, to the extent necessary, to
(a) current and potential lenders to the Project and/or the Purchaser or such lenders affiliates and (b) the designees (including but not limited to, counsel, rating agencies, consultants, contractors and other professional advisors)
of such lenders; provided, however, that the recipient of such Confidential Information shall (i) need to know the Confidential Information for the purposes of evaluating the Project, (ii) have been informed of the confidential
nature of the Confidential Information, and (iii) are required by the Receiving Party to maintain such Confidential Information as confidential.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b. | Paragraph 10. Disclosures Requested or Compelled by Government. Except as otherwise expressly provided herein, in the event that the Receiving Party is requested or compelled
to disclose any Confidential Information pursuant to any Applicable Legal Requirements, to include, but not be limited to, disclosures required by the U.S. Securities and Exchange Commission, the Receiving Party shall comply with such request or
requirement and thereafter give the Disclosing Party prompt notice of such disclosure; provided, however, that the Disclosing Party shall redact or otherwise limit the Confidential Information to the maximum extent permitted by Applicable Legal
Requirements.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3. | All notices with regard to this Agreement should be forwarded,
|-- | --------------------------------------------------------------

if intended for Seller, to:



| |  |                                                                                                        |  |                                |  | 
| |  | ------------------------------------------------------------------------------------------------------ |  | ------------------------------ |  | 
| |  | Industrial Furnace Company, Inc. 40 Humboldt
Street Rochester, New York 14609 Attn: Mr. Bill Mansfield |  |                               
| |  | Telephone: Fax:                                                                                        |  | (585) 654-3021 (585) 654-3071; |  | 

if intended for Purchaser, to:



| |  |                                                                                                                                  |  |                               |  | 
| |  | -------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------- |  | 
| |  | Red River Environmental Products, LLC c/o
ADA-ES, Inc. 8100 SouthPark Way, Unit B Littleton, Colorado
80120 Attn: Mr. Tony Smith |  |                              
| |  | Telephone: Fax:                                                                                                                  |  | (303) 734-1727 (303) 734-0330 |  | 



|4. | Notwithstanding any return or destruction of the Confidential Information, the Receiving Party and its Representatives shall continue to be bound by the obligations of
confidentiality and other obligations hereunder.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page A11-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|5. | This Agreement contains the entire agreement of the Parties hereto with respect to its subject matter.
|-- | ------------------------------------------------------------------------------------------------------

By signing below, each of the Parties agrees to the foregoing as of the date first noted above.



|                                  |  |  |  |                                       
|--------------------------------- |  |  |  | --------------------------------------
|INDUSTRIAL FURNACE COMPANY, INC., |  |  |  | RED RIVER ENVIRONMENTAL PRODUCTS, LLC,
|as Seller                         |  |  |  | as Purchaser                          
|                                  |  | 
|                                  |  |  |  |                                       
|Name:                             |  |  |  | Name:                                 
|Title:                            |  |  |  | Title                                 



Page A11-3



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Exhibit 1

Original Agreement



Page A11-4



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



NON-DISCLOSURE AGREEMENT

THIS NON-DISCLOSURE AGREEMENT(this Agreement) is made effective as of April 23, 2007 by and between ADA-ES, Inc. (ADA) and Industrial Furnace Company
(the Company). In connection with discussions between ADA and the Company (individually, a Party and collectively, the Parties) regarding a proposed transaction between
them (the Proposed Transaction), each of the Parties may receive from time to time hereafter Confidential Information from the other. The Parties agree as follows:



|I. | Confidential Information.
|-- | -------------------------

(a) For purposes hereof
Confidential Information shall mean any and all materials and information which any Party makes available to the other Party or which has or may come into possession of any Party in connection with the Proposed Transaction
and which is labeled or marked confidential, including, without limitation, the following: information relating to the business, financial condition, operations, assets and liabilities of a Party or its affiliates; business plans; software programs
and enhancements, upgrades and modifications thereof; user and other manuals; documents; specifications; financial reports, statements and projections; client lists, marketing material, data, data listing, and other information; project plans and
case studies; references; and all copies, summaries, outlines or other representations of any of the foregoing.

(b) The Confidential
Information will be used by the Parties solely for the purpose of evaluating the Proposed Transaction.

(c) Each Party hereby acknowledges
that the Confidential Information obtained by it is valuable and proprietary trade secret information of the other Party, the disclosure of which would be harmful to such other Party. Each Party agrees to hold such Confidential Information in the
strictest confidence and not to disclose same or release it to any other person except to its Representatives (as defined below) who need to know the information for purposes of evaluating the Proposed Transaction and as otherwise permitted
hereunder. It is further agreed that each Party shall take reasonable measures to ensure that its agents, representatives, officers, directors, employees, consultants, agencies or potential financial or equity partners (collectively,
Representatives) do not disclose such Confidential Information, except as permitted hereunder.

(d) No Party will
reverse engineer, disassemble, decompile or copy the Confidential Information except as permitted hereunder. No Party shall, directly cr indirectly (including in the conduct of its business), use, or permit to be used, the Confidential Information
obtained from any other Party to that other Partys detriment, whether or not the former Party benefits from such detrimental use.

(e) The term person as used in this Agreement shall be broadly interpreted to include, without limitation, the media, any governmental agency, department or other body or instrumentality and any corporation, partnership,
limited liability company, association, group, individual or other entity.



- 1 -

Page A11-5



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



2. Excluded Information. The term Confidential Information does not include any Confidential
Information disclosed by a Party which (a) at the time of disclosure to the receiving Party or thereafter is generally available to and known by the public (other than as a result of a disclosure in violation of this Agreement), (b) was
available to such Party on a non-confidential basis from a source other than a Party, provided that such a source is not and was not bound by a confidentiality agreement with such Party, or (c) has been independently acquired or developed by
such Party without violating any of the obligations under this Agreement. Confidential Information shall not be deemed to fall within the exceptions of subparts (a) to (c) above merely because it is included in a document which also
includes information that does fall within such exceptions.

3. Other Disclosures. In addition to the foregoing, each Party will not disclose to any
person (other than to such partys Representatives), without the prior written consent of the other Party, that (a) any investigations, discussions or negotiations are taking place concerning the Proposed Transaction, (b) the
Confidential Information has been exchanged, (c) a Party has expressed an interest or submitted an indication of interest in connection with the Proposed Transaction, or (d) any of the terms, conditions or other facts with respect to such
indication of interest of the Proposed Transaction, including the status thereof, other than the fact thai a Party is no longer pursuing the Proposed Transaction in the event such Party decides not to pursue the Proposed Transaction, Nothing
contained herein shall in any way prohibit any of ADAS direct or indirect subsidiaries or their respective Representatives, from providing any information, data and/or advice to, or entering into any transactions with, third parties which may
involve the assets which are the subject of the Proposed Transaction; provided, that, such subsidiaries and its Representatives do not use or disclose any Confidential Information of the Company or its affiliates that is prohibited from disclosure
hereby.

4. Legally Compelled Disclosures. In the event that a Party becomes legally compelled (by deposition, interrogatory, request for documents,
order, subpoena, civil investigative demand or similar process issued by a court of competent jurisdiction or by a government body) to disclose any of the Confidential Information, prompt prior written notice of any such requirement shall be
provided to the other Party so that such Party may seek a protective order or other appropriate remedy and/or waive compliance with the terms of this Agreement. In the went that such protective order or other remedy is not obtained, and irrespective
of whether or not compliance with the provisions hereof is waived, only that portion of the Confidential Information which the Party subject to such legal compulsion is advised in writing by its counsel is legally required to be disclosed shall be
disclosed and reasonable efforts shall be made to obtain assurance that confidential treatment will be accorded such Confidential Information.

5.
Return of Information. If so requested by a Party, (i) all Confidential Information shall be returned to the originating Party or destroyed by the receiving Party, at the receiving Partys option, and (ii) each Party shall
destroy all additional copies of the other Partys Confidential Information in its possession and all copies of any analyses, compilations, studies or other documents prepared, used or created containing or reflecting any Confidential
Information.

6. Representations. The originating Party hereby represents and warrants that it has the right and authority to disclose the
Confidential Information disclosed or to be disclosed by it, pursuant to, and for the purposes of, this Agreement and shall indemnify and hold the receiving Party harmless for any liability incurred by it to third parties resulting from the breach
of such representation and warranty.



- 2 -

Page A11-6



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Each Party hereby acknowledges that although each Party shall endeavor to include in the Confidential Information provided by such Party all information
known to such Party which such Party believes to be relevant for the purpose of the other Partys investigation, unless otherwise stated in writing, neither Party has made or shall make any representation or warranty, express or implied, as to
the accuracy or completeness of the Confidential Information.

7. Equitable Relief; Jurisdiction. Each Party agrees that a Party shall be entitled
to seek equitable relief, including without limitation, injunctive relief and specific performance, in the event of any breach of the provisions of this Agreement by the other Party, in addition to all other remedies available at law or in equity.
Each Party hereby irrevocably and unconditionally consents to submit to the exclusive jurisdiction of the courts of the State of Colorado or of the United States of America located in the State of Colorado for any actions, suits or proceedings
arising out of or relating to this Agreement and each Party hereby irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of this Agreement, in such courts, and hereby further
irrevocably and unconditionally waives and agrees not to plead or claim in any such court that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum. The Parties irrevocably waive any right to a
trial by jury for any claims or counterclaims arising hereunder.

8. Miscellaneous. The Parties understand and agree that no contract or agreement
providing for the entering into of the Proposed Transaction shall be deemed to exist between the Parties as a result of the execution and delivery of this Agreement or in connection with the exchange of the Confidential Information unless and until
a further written agreement has been executed and delivered. This Agreement may be modified or waived only by a separate writing signed by each of the Parties. This Agreement contains the entire agreement between the Parties regarding its subject
matter and supersedes all prior agreements, understandings, arrangements and discussions between the Parties regarding such subject matter. It is further understood and agreed that no failure or delay by any Party in exercising any right, power or
privilege hereunder will operate as a waiver thereof, nor will any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any right, power or privilege hereunder. Each Party agrees that all of the
provisions of this Agreement will apply to all affiliates of the Parties, as such term may be broadly interpreted, to the same extent as if they were signatories to this Agreement. This Agreement is for the benefit of the Parties and their
successors in interest. This Agreement maybe executed in two or more counterparts, with each counterpart constituting a single original. This Agreement shall terminate upon the sooner to occur of the execution by the Parties of a definitive
agreement in connection with a Proposed transaction and two (2) years from the date hereof.



- 3 -

Page A11-7



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



IN WITNESS WHEREOF,the Parties have entered into this Agreement effective as of the date first above written.



ADA-ES, Inc.By:

/s/ Richard SchlagerName:

Richard SchlagerTitle:

Vice PresidentIndustrial Furnace Company, Inc.By:

/s/ William MansfieldName:

William MansfieldTitle:

V.P. - Engineering




- 4 -

Page A11-8



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 12

Industrial Furnace Company, Inc.

Customary Training Manual

Table of Contents



|       |  |                                               |  |                                             
|------ |  | --------------------------------------------- |  | --------------------------------------------
|Book 1 |  | Operational Procedures & Mechanical Equipment
|       |  |                                              
|       |  | Section 1                                     |  | Equipment Summary                           
|       |  | Section 2                                     |  | Standard Operating Mode Procedures          
|       |  | Section 3                                     |  | Manufacturers Recommended Spare Parts Lists
|       |  | Section 4                                     |  | Oxygen Analyzer                             
|       |  | Section 5                                     |  | Feed Screw Conveyor                         
|       |  | Section 6                                     |  | Belt Weigh Scale                            
|       |  | Section 7                                     |  | Conveyor Belt Scrapers                      
|       |  | Section 8                                     |  | Conveyor Belt Drive Motor                   
|       |  | Section 9                                     |  | Air Compressor                              
|       | 
|Book 2 |  | Mechanical Equipment Continued               
|       |  |                                              
|       |  | Section 1                                     |  | Induced Draft Fan                           
|       |  | Section 2                                     |  | Emergency Bypass Damper (Poptop)            
|       |  | Section 3                                     |  | Exhaust and Cooling Air Dampers             
|       |  | Section 4                                     |  | Ash Cooling Screws                          
|       |  | Section 5                                     |  | Nuclear Level Sensing Switch                
|       |  | Section 6                                     |  | Recommended Maintenance Schedule            
|       |  | Section 7                                     |  | Natural Gas Regulator                       
|       |  | Section 8                                     |  | Pulsamatic Rotary Speed Switch              
|       |  | Section 9                                     |  | Mechanical As-Built Drawings                
|       | 
|Book 3 |  | Exhaust Gas Scrubber                         
|       | 
|Book 4 |  | Control As-Built Drawings & Mfrs Data       
|       |  |                                              
|       |  | Section 1                                     |  | MCC One-Line Diagram                        
|       |  | Section 2                                     |  | FGR Fan                                     
|       |  | Section 3                                     |  | Induced Draft Fan                           
|       |  | Section 4                                     |  | Burner Control                              
|       |  | Section 5                                     |  | Network Control                             
|       |  | Section 6                                     |  | Main Process Control                        
|       |  | Section 7                                     |  | Main Gas Control                            
|       |  | Section 8                                     |  | Feed Screw Conveyor Control                 
|       |  | Section 9                                     |  | Motor Control                               
|       |  | Section 10                                    |  | Belt Scrapers Control                       
|       |  | Section 11                                    |  | Afterburner Gas Control                     
|       |  | Section 12                                    |  | Self-Cleaning Strainer Control              
|       |  | Section 13                                    |  | Control Equipment Cutsheets                 
|       | 
|Book 5 |  | PLC Program                                  



Page A12-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



| |  |            |  |                                           
| |  | ---------- |  | ------------------------------------------
| |  | Section 1  |  | IP Assignments                            
| |  | Section 2  |  | FGR Fan Ladder Logic                      
| |  | Section 3  |  | Induced Draft Fan Ladder Logic            
| |  | Section 4  |  | Burner Local Control Panels Ladder Logic  
| |  | Section 5  |  | Feed Conveyor Ladder Logic                
| |  | Section 6  |  | Main Process Panel Ladder Logic           
| |  | Section 7  |  | Main Gas Control Panel Ladder Logic       
| |  | Section 8  |  | Feed Screw Conveyor Ladder Logic          
| |  | Section 9  |  | Furnace Motors Ladder Logic               
| |  | Section 10 |  | Belt Scrapers Ladder Logic                
| |  | Section 11 |  | Afterburner Gas Control Panel Ladder Logic
| |  | Section 12 |  | HMI Screen Programming                    
| |  | Section 13 |  | Computer Service Contract                 
| |  | Section 14 |  | PLC Communications Instructions           
| |  | Section 15 |  | Computer Operating Procedures             



Page A12-2



---

Attachment 13

Form of Performance/Payment Bond

Performance Bond







|                                                           |  |                                                     |  |                          
|---------------------------------------------------------- |  | --------------------------------------------------- |  | -------------------------
|CONTRACTOR (Name and Address):                             |  | Date (Not earlier than Construction Contract Date):
|                                                           | 
|Industrial Furnace Company, Inc.                           |  | Amount:                                            
|40 Humboldt Street Rochester, New York
14609               |  | Modifications to this Bond:                        
|                                                           | 
|                                                           |  | SURETY Fidelity and Deposit Company of Maryland    
|                                                           |  |                                                     |  | P.O. Box 1227            
|                                                           |  |                                                     |  | Baltimore, Maryland 21203
|                                                           |  |                                                    
|OWNER (Name and Address):                                  |  |                                                     |  |                          
|                                                           |  |                                                    
|Red River Environmental Products, LLC c/o ADA-ES, Inc.     |  |                                                     |  |                          
|8100 SouthPark Way, Suite B Littleton, Colorado
80120-4525 |  |                                                     |  |                          

CONSTRUCTION CONTRACT

Date:

Amount:

Description (Name and Location):

(Crowfoot Project) Multiple Hearth Furnace (MHF)

Contract,
Project No. 65214, RFP No. EFH-101



|                        |  |  |  |                 |  |                                        |  | 
|----------------------- |  |  |  | --------------- |  | -------------------------------------- |  | 
|                        |  |  |  |                 |  | q None                    q See Page 3
|B O N D                 |  |  |  |                 |  |                                       
|                        |  |  | 
|CONTRACTOR AS PRINCIPAL |  |  |  | SURETY          |  |                                       
|                        |  |  |  |                
|Company:                |  |  |  |                 |  | []                                     |  | 
|Corporate Seal          |  |  |  | Corporate Seal 
|Signature:              |  |  |  |                 |  | Signature:                             |  | 
|Name and Title:         |  |  |  | Name and Title:

(Any additional signatures appear on page 3)





(FOR INFORMATION ONLY-Name, Address and Telephone)

AGENT or BROKER:
                                         
                       OWNERS REPRESENTATIVE



PageA13-1



---

1 The Contractor and the Surety, jointly and severally, bind themselves, their heirs, executors, administrators,
successors and assigns to the Owner for the performance of the Construction Contract, which is incorporated herein by reference. Where Surety is composed of entities acting as co-sureties, the co-sureties bind themselves and their successors and
assigns, in the amount of this bond (the Amount) jointly and severally as well as severally only for the purpose of allowing a joint action or actions against any or all of the co-sureties, and for all other purposes each co-surety binds
itself, jointly and severally with Contractor for the payment of the Amount.

2 If the Contractor performs the Construction Contract, the Surety and
the Contractor shall have no obligation under this Bond.

3 If there is no Owner Default, the
Suretysobligation under this Bond shall arise after:

3.1 The Owner has provided written notice to the Contractor and the Surety at its address
described in Paragraph 10 below that the Owner is considering declaring a Contractor Default. If the Owner, the Contractor and the Surety agree, the Contractor shall be allowed a reasonable time but in no event more than thirty (30) days after
such notice, to perform the Construction Contract, but such an agreement shall not waive the Owners right, if any, subsequently to declare a
Contractor Default; and

3.2 The Owner has declared a Contractor
Default and formally terminated the Contractors right to complete the Construction Contract; and

3.3 The Owner has agreed to pay the Balance of the Contract Price to the Surety in accordance with the terms of the Construction Contract or to a
contractor acceptable to Owner to perform the Construction Contract in accordance with the terms of the contract with the Owner.

4 When the Owner
has satisfied the conditions of Paragraph 3, the Surety shall promptly and at the Suretys expense take one of the following actions;

4.1 Arrange for the Contractor, with consent of the Owner, to perform and complete the Construction Contract; or

4.2
Obtain bids or negotiated proposals from qualified contractors acceptable to the Owner for a contract for performance and completion of the Construction Contract, arrange for a contract to be prepared for execution by the Owner and the contractor
selected with the Owners concurrence to be secured with performance and payment bonds executed by a qualified surety equivalent to the bonds issued on the Construction Contract, and pay to the Owner the amount of damages described in Paragraph
6 in excess of the Balance of the Contract Price incurred by the Owner resulting from the Contractors default; or

4.3 Waive
its right to perform and complete or obtain a new contractor and with reasonable promptness under the circumstances:

4.3.1 After
investigation, determine the amount for which it maybe liable to the Owner and, as soon as practicable after the amount is determined, tender payment therefor to the Owner; or

4.3.2 Deny liability in whole or in part and notify the Owner citing reasons therefor.

5 If the Surety doers not proceed as provided in Paragraph 4 with reasonable promptness, the Surety shall be deemed to be in default on this Bond fifteen
(15) days after receipt of written notice from the Owner to the Surety demanding that the Surety perform its obligations under this Bond, and the Owner shall be entitled to enforce any remedy available to the Owner. If the Surety proceeds as
provided in Subparagraph 4.3, and the Owner refuses the payment tendered or the Surety has denied liability, in whole or in part, without further notice the Owner shall be entitled to enforce any remedy available to the Owner.

6 After the Owner has terminated the Contractors right to complete the Construction Contract, and if the Surety elects to act under Subparagraph 4.1 or 4.2,
above, then the responsibilities of the Surety to the Owner shall not be greater than those of the Contractor under the Construction Contract, and the responsibilities of the Owner to the Surety shall not be greater than those of the Owner under the
Construction Contract. To the limit of the amount of this Bond, but subject to commitment by the Owner of the Balance of the Contract Price to mitigation of costs and damages on the Construction Contract, the Surety is obligated without duplication
for:

6.1 The responsibilities of the Contractor for correction of defective work and completion of the Construction Contract;

6.2 Additional legal, design professional and delay costs resulting from the Contractors Default, and resulting from the actions
or failure to act of the Surety under Paragraph 4; and

6.3 Liquidated Damages, in no case less than actual damages caused by
delayed performance or non-performance of the Contractor.

7 No right of action shall accrue on this Bond to any person or entity other than the
Owner or its heirs, executors, administrators or successors.

8 The Surety hereby waives notice of any change, including changes of time, to the
Construction Contract or to related subcontractors, purchase orders and other obligations. Surety hereby stipulates and agrees that no change extension of time, amendment, modification or addition to the terms of the Construction Contract or the
work to be performed thereunder shall in any way affect its obligations under this bond.

9 Any proceeding, legal or equitable, under this Bond may
be instituted in any court of competent jurisdiction in accordance with the applicable provisions of the Construction Contract and shall be instituted within two (2) years after Contractor Default or within two years after the Contractor ceased
working or within two (2) years after the Surety refuses or fails to perform its obligations under this Bond, whichever occurs first. If the provisions of this Paragraph are void or prohibited by law, the minimum period of limitation
available to sureties as a defense in the jurisdiction shall be applicable.

10 Notice to the Surety, the Owner or the Contractor shall be mailed or
delivered to the address shown on the signature page.



PageA13-2



---

11 When this Bond has been furnished to comply with a statutory or other legal requirement in the location where the
construction was to be performed, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated
herein. The intent is that this Bond shall be construed as a statutory bond and not as a common law bond.

12 This bond shall be governed by and
construed in accordance with the laws of the state of New York and any reference herein to Contractor or Surety in the singular shall include all entities in the plural who or which are signatories under the Principal or the Surety heading below.

13 DEFINITIONS

13.1 Balance of
the Contract Price: The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made, including allowance to the Contractor of any amounts received or to be received by the Owner in
settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid and proper payments made to or on behalf of the Contractor under the Construction Contract.

13.2 Construction Contract: The agreement between the Owner and the Contractor identified on the signature page, including all amendments,
modifications and changes thereto.

13.3 Contractor Default: Failure of the Contractor, which has neither been remedied nor waived,
to perform or otherwise to comply with the terms of the Construction Contract.

13.4 Owner Default: Failure of the Owner, which has
neither been remedied nor waived, to pay the Contractor as required by the Construction Contract or to perform and complete or comply with the other terms thereof.



PageA13-3



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|                        |  |  |  |                  |  |            |  |  |  |                 
|----------------------- |  |  |  | ---------------- |  | ---------- |  |  |  | ----------------
|CONTRACTOR AS PRINCIPAL |  |  |  | SURETY:          |  |            |  | 
|Company:                |  |  |  | (Corporate Seal) |  | Company;   |  |  |  | (Corporate Seal)
|                        |  |  |  |                  | 
|Signature:              |  |  |  |                  |  | Signature: |  |  |  |                 
|Name and Title:         |  |  |  | Name and Title:  |  |           
|Address:                |  |  |  |                  |  | Address:   |  |  |  |                 



Page A13-4



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Labor and Material Payment Bond

THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND IN FAVOR OF THE OWNER CONDITIONED ON THE FULL AND FAITHFUL PERFORMANCE OF THE CONTRACT



|                                                                     |  |                                                                 
|-------------------------------------------------------------------- |  | ----------------------------------------------------------------
|KNOW ALL MEN BY THESE PRESENTS: that                                 |  | (Here insert full name and address or legal title of Contractor)
|                                                                     | 
|as Principal, hereinafter called Principal, and,                     |  | (Here insert full name and address or legal title of Surety)    
|                                                                     | 
|as Surety, hereinafter called Surety, are held and firmly bound unto |  | (Here insert full name and address of legal title of Owner)     

as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the
amount of
                                         
                Dollars ($             ) (the Amount), for the payment whereof Principal and Surety
bind themselves, their heirs, executors, administrators, personal representatives, successors and assigns, jointly and severally, firmly by these presents. Where Surety is composed of entities acting as co-sureties, the co-sureties, bind themselves,
their respective successors and assigns, in such Amount jointly and severally as well as severally only for the purpose of allowing a joint action or actions against any or all of the co-sureties, and for all other purposes each co-surety binds
itself, jointly and severally with Principal, for the payment of the Amount.

WHEREAS,

Principal has, by written agreement dated [            ], 20     entered into a
contract with Owner for the manufacture, delivery, installation, startup, testing and commissioning of certain equipment, together with provision of certain installation support and training services, which contract is by reference made a part
hereof, and is hereinafter referred to as the Contract. The Contract and all items incorporated into the Contract, together with any and all changes, extensions of time, amendments, modifications or additions to the Contract or to Principals
obligations to be performed thereunder are hereby incorporated herein by reference.



Page A13-5



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



NOW. THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if Principal shall promptly make payment to all
claimants as hereinafter defined, for all labor and material used or reasonably required for use in the performance of the Contract, then this obligation shall be void; otherwise it shall remain in full force and effect, subject, however, to the
following conditions:

1. A claimant is defined as one having a direct contract with the Principal or with a Subcontractor of the Principal and whose
claim derives, directly or indirectly and in full or in part, from the performance of the activities and services under the Contract.

2. The above
named Principal and Surety hereby jointly and severally agree with the Owner that every claimant as herein defined, who has not been paid in full before the expiration of a period of ninety (90) days after the date on which the last of such
claimants work or labor was done or performed or such longer period as may be allowed by applicable law, or materials or equipment were furnished by such claimant, may sue on this bond for the use of such claimant, prosecute the suit to
final-judgment for such sum or sums as may be justly due claimant, and have execution thereon. No such suit shall be commenced hereunder against the Owner, and the Owner shall not be liable for the payment of any costs or expenses of any such suit.

3. No suit or action shall be commenced hereunder by any claimant:

a. Unless claimant, other than one having a direct contract with the Principal, shall have given written notice
to any two of the following: the Principal, the Owner, or the Surety above named, within thirty (30) days after such claimant did or performed the last of the work or labor, or furnished the last of the materials or equipment for which said
claim is made, stating with substantial accuracy the amount claimed and the name of the party to whom the materials or equipment were furnished, or for whom the work or labor was done or performed. Such notice shall be served by mailing the same by
registered mail or certified mailpostage prepaid, in an envelope addressed to the Principal, Owner or Surety, at any place where an office is
regularly maintained for the transaction of business, or served in any manner in which legal process may be served in the state in which the aforesaid project is located, save that such service need not be made by a public officer.

b. After the expiration of one (1) year following the date on which Principal ceased Work on said Contract, it being understood,
however, that if any limitation embodied in this bond is prohibited by any law controlling the construction hereof such limitation shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law.

c. Other than in a state court of competent jurisdiction in the county of Monroe of the state of New York or in the United States District Court
for the district in which Monroe County, New York, or any part thereof, is situated, and not elsewhere.

4. The amount of this bond shall he reduced by and to the extent of any payment or payments made in good faith hereunder, inclusive of the payment by Surety of mechanicsliens which may be filed of record against said improvement, whether or not claim for the amount of such lien be presented under and against this bond.

5. Surety shall, upon request from any claimant, provide such claimant with a copy of this bond.

6. Surety hereby stipulates and agrees that no change, extension of time, amendment, modification or addition to the terms of the Contract shall in any way affect its obligations under this bond, and it does hereby
waive notice of any such change, extension of time, amendment, modification or addition.

7. This Payment Bond shall be governed by and construed in
accordance with the laws of the state of New York and any reference herein to Principal or Surety in the singular shall include all entities in the plural who or which are signatories under the Principal or the Surety heading below.



Page A13-6



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|          |  |                                             |  |          
|--------- |  | ------------------------------------------- |  | ---------
|(WITNESS) |  | __________________________________________, |  | Principal
|          |  |                                            
|          |  | __________________________________________  |  |          
|          |  | Name:                                       |  |          
|          |  | Title:                                      |  |          
|          |  |                                            
|(WITNESS) |  | __________________________________________, |  | Title    
|          |  |                                            
|          |  | __________________________________________  |  |          
|          |  | Name:                                       |  |          
|          |  | Title:                                      |  |          



Page A13-7



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 14

Form of Parent Guaranty

GUARANTY

This GUARANTY (this Guaranty), dated as of , 2008 is made by ADA-ES, Inc., a
corporation validly existing under the laws of the state of Colorado, (Guarantor) in favor of Industrial Furnace Company, Inc., a corporation organized under the laws of the state of New York (IFCO).

WHEREAS, IFCO and Red River Environmental Products, LLC, a limited liability company organized under the laws of the state of Delaware (Purchaser), intend to
enter into certain Multiple Hearth Furnace (MHF) Contracts (Crowfoot Project) (the Contracts), for four (4) multi-hearth furnaces and associated equipment, together with certain installation support and training services in
connection with Purchasers project (Project) located on the south side of Parish Road 604 in Armistead, Red River Parish, Louisiana, (Site);

WHEREAS, Purchaser and IFCO are parties to a Limited Notice to Proceed dated December 27, 2007, as amended and extended pursuant to letter agreements dated February 8, 2008, March 13, 2008 and
April 8, 2008 (as amended and extended, the Limited Notice to Proceed) relating to the Project

WHEREAS, Purchaser is a direct
wholly-owned subsidiary of Guarantor and, accordingly, Guarantor will derive substantial direct and indirect economic benefit from the undertakings of IFCO to the Purchaser pursuant to the Contracts;

WHEREAS, Purchaser has agreed to cause Guarantor to guarantee its performance under the Limited Notice to Proceed and work under and pursuant to the Contracts occurring
on or before the Financial Close for the Project, on, and to the extent, of the terms of this Guaranty;

WHEREAS, IFCO has agreed to accept this Guaranty
from Guarantor, and in reliance on this Guaranty to enter into the Contracts; and

WHEREAS, Guarantor has agreed to guarantee the obligations of Purchaser
as described in this Guaranty.

NOW THEREFORE, in consideration of the foregoing and the mutual promises and covenants set forth herein, the adequacy and
sufficiency of which are hereby acknowledged, IFCO and Guarantor hereby agree as follows:

1. Definitions. Capitalized terms used herein and not
otherwise defined shall have the meanings set forth in the Contracts.

2. Guaranty. Guarantor hereby absolutely, irrevocably and unconditionally
guarantees the due, punctual and complete payment and performance of each and every obligation of Purchaser under the Limited Notice to Proceed and work under and pursuant to the Contracts occurring on or before the Financial Close for the Project,
whether such obligation presently exists or is created, incurred or arising from time to time hereafter, all as and when required to be performed under the Limited Notice to Proceed and the Contracts, in all respects strictly in accordance with the
terms, conditions and limitations contained in the Limited Notice to Proceed and the Contracts (collectively, the Guaranteed Obligations), and agrees that if for any reason whatsoever Purchaser shall fail or be unable to duly, punctually
and fully pay or perform any Guaranteed Obligation as and when due, Guarantor shall, in the event of a Purchaser Event of Default in performance of any of the Guaranteed Obligations by Purchaser under the Limited Notice to Proceed and the Contracts,
upon written demand of IFCO, with prior written notice to Purchaser, forthwith pay or perform or cause to be performed



Page A14-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



such Guaranteed Obligation, without regard to any exercise or non-exercise by IFCO of any right, remedy, power or privilege under or in respect of the
Limited Notice to Proceed and the Contracts against Purchaser. Without limiting the generality of the foregoing and notwithstanding anything herein to the contrary, a termination of the Limited Notice to Proceed and the Contracts by IFCO for an
Event of Default by Purchaser occurring on or before the date of the Financial Close for the Project, if any, shall not impair, diminish, release or otherwise affect Guarantors obligations hereunder. This Guaranty is a guarantee of payment and
performance and not of collection. All payments by Guarantor hereunder shall be made by deposit of immediately available funds to an account identified by IFCO. The Guarantor hereby guarantees that payments hereunder shall be made in U.S. Dollars
and in the manner required for the relevant payment due from Purchaser under the Limited Notice to Proceed. This Guaranty shall continue in full force and effect until the earlier of (i) Financial Close for the Project or (ii) Purchaser or
Guarantor shall have satisfactorily performed or fully discharged all of the Guaranteed Obligations; provided, however notwithstanding any provision in this Guaranty to the contrary, Guarantor shall have the full benefit of all defenses, setoffs,
counterclaims, reductions, diminution or limitations of any Guaranteed Obligations available to Purchaser pursuant to or arising from the Limited Notice to Proceed and the Contracts or otherwise and Guarantors obligations and liability arising
from this Guaranty shall be no greater than that of Purchaser under the Limited Notice to Proceed and the portions of the Contracts to be performed prior to the Financial Close for the Project.

3. Guaranty Absolute. The liability of Guarantor under this Guaranty with respect to the Guaranteed Obligations shall be absolute and unconditional, irrespective
of:

(a) any lack of validity or enforceability of the Guaranteed Obligations or the Limited Notice to Proceed or the Contracts or any other
agreement or instrument relating thereto to which Purchaser or Guarantor is a party unless the invalidity or unenforceability of such Guaranteed Obligation results from the successful assertion of invalidity or unenforceability by IFCO or Purchaser;

(b) any failure to exercise any right, remedy, power or privilege under or in respect of, the Limited Notice to Proceed or the Contracts
or any liability of any other party (including, but not limited to, any other guarantor) with respect to any of the Guaranteed Obligations or the Limited Notice to Proceed or the Contracts, or any subordination of the payment or performance of any
of the Guaranteed Obligations to the payment or performance of any other indebtedness, liability or other obligations of the Purchaser;

(c) any furnishing to IFCO of any other guarantee or collateral for any Guaranteed Obligation or any exchange, non-perfection, failure to preserve, waste, deterioration, sale or disposition of any collateral, or any release or amendment or
waiver of or consent to departure from any other guaranty of or security for the performance of all or any of the Guaranteed Obligations;

(d) the insolvency of Purchaser or the Guarantor or any proceeding, voluntary or involuntary, involving the bankruptcy, insolvency, receivership, reorganization, arrangement, dissolution or liquidation of Purchaser or the Guarantor or any
defense which Purchaser or the Guarantor may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding or Purchaser making a general assignment for the benefit of its creditors or
admitting in writing its inability to pay its debts as they become due;

(e) any change in ownership of Purchaser or any change, whether
direct or indirect, in Guarantors relationship to Purchaser, including, but not limited to, any such change by reason of any merger or any sale, transfer, issuance, admission or withdrawal of partners, or other disposition of any equity
interest of Purchaser, Guarantor or any other entity;

(f) any change in or waiver of the time, place or manner of payment, or any other
term, of any of the Guaranteed Obligations, or any waiver of or any renewal, extension, increase, amendment or modification of or addition, consent or supplement to or deletion



Page A14-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



from, or any other action or inaction under or in respect of any of the Guaranteed Obligations or the Limited Notice to Proceed or the Contracts (any such
change, waiver, renewal, extension, increase, amendment, modification, addition, consent, supplement, deletion or other action or inaction with respect to the Contracts automatically becoming part of the Guaranteed Obligations) or any other
document, instrument or agreement referred to therein so long as such action is made in accordance with the terms of the Limited Notice to Proceed or the Contracts, or any assignment or transfer of the Guaranteed Obligations or the Limited Notice to
Proceed or the Contracts;

(g) other than a defense of payment in full or performance in full that may be available to or asserted by
Guarantor under the Limited Notice to Proceed or the Contracts, any other circumstance (with or without notice to or knowledge of the Guarantor) which might otherwise constitute a defense against, or a legal or equitable discharge of,
Purchasers liability with respect to the Guaranteed Obligations or Guarantors liability under this Guaranty; or

(h) notice of
the occurrence of any of the foregoing.

This Guaranty shall continue to be effective, or be reinstated, as the case may be, if at any time any payment
made, or any part thereof, by Purchaser under the Limited Notice to Proceed or the Contracts or by Guarantor hereunder is ordered rescinded or must otherwise be returned to Purchaser or Guarantor or their respective representatives, upon the
insolvency, bankruptcy, reorganization, dissolution or liquidation of Purchaser or otherwise, all as though such payment had not been made.

4.
Waiver. Guarantor hereby unconditionally waives the following:

(a) any right to require that any suit, action or proceeding be
brought against Purchaser or any other Person or to require IFCO to proceed against or exhaust any right or take any action against or with respect to Purchaser, any other Person or any property or to pursue any other remedy in its power before
being entitled to proceed under this Guaranty;

(b) presentment, demand, protest or any notice which may be required by any law, statute,
rule, regulation, order, writ, injunction or decree of any and all national, federal, state, county, city, municipal, local or regional authorities, departments, bodies, commissions, corporations, branches, directorates, agencies, ministries, counts
tribunals, judicial authorities, legislative bodies, administrative bodies, regulatory bodies, autonomous or quasi-autonomous entities or taxing authorities or any department, municipality or other political subdivision thereof (each a
Government Authority) to preserve intact any right which IFCO may have against the Guarantor under this Guaranty, including but not limited to, notice or proof of acceptance of or reliance upon this Guaranty, the Guaranteed Obligations
and notice of any of the matters referred to in Section 3 hereof;

(c) any requirement that IFCO act with promptness or
diligence in enforcing its rights under the Limited Notice to Proceed or the Contracts or this Guaranty;

(d) any failure by IFCO to file
or enforce a claim against the estate (either in administration, bankruptcy or any other proceeding) of Purchaser or any other Person;

(e)
any defense based upon any election of remedies by IFCO or any taking, modification or release of any collateral for the Guaranteed Obligations, or any failure to perfect any security interest in, or the taking of, or failure to take any other
action with respect to, any collateral securing the Guaranteed Obligations or any failure to make or rescission of a demand for payment or performance of the Guaranteed Obligations;



Page A14-3



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



(f) any defense based upon any failure of IFCO to advise Guarantor of any information known to IFCO
regarding Purchaser or Purchasers non-performance under the Limited Notice to Proceed or the Contracts;

(g) any defense based upon
the addition, substitution or release, in whole or in part, of any Person, including without limitation another guarantor, primarily or secondarily liable for or in respect of the Guaranteed Obligations; and

(h) to the fullest extent permitted by law, all other defenses generally available to a surety or guarantor.

5. Consent to Venue and Jurisdiction.

(a) IFCO and
Guarantor each hereby irrevocably agree that the venue for any litigation arising out of or relating to this Guaranty shall be the courts of the state of New York and federal district courts, in each case located in Monroe County, New York and each
irrevocably waives any objection which IFCO or Guarantor may now or hereafter have to the bringing of any action, suit or proceeding in such respective jurisdictions, including any objection to the laying of venue based on the grounds of forum
non conveniens and any objection based on the grounds of lack of in personal jurisdiction. By the execution of this Guaranty, each of IFCO and Guarantor hereby irrevocably submits to the non-exclusive jurisdiction of any such court in any
such action, suit or proceeding. Final judgment under this Guaranty in any such action, suit or proceeding shall be conclusive and may be enforced in any other jurisdiction, by suit on the judgment, a certified or exemplified copy of which shall be
conclusive evidence of the judgment, or in any other manner provided by law.

(b) Guarantor hereby irrevocably consents to the service of
process of summons, complaint and other legal process in any action, suit or proceeding arising out of or relating to this Guaranty by delivering personally or by overnight courier service copies of such papers at the address designated in
Section 10 hereof. Nothing in this Section shall affect the right of IFCO to serve legal process in any other manner permitted by law or affect the right of IFCO to bring any action or proceeding against Guarantor or its property in the
courts of any other jurisdiction.

(c) To the extent that either IFCO or Guarantor has or hereafter may acquire any immunity from
jurisdiction of any court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, IFCO and Guarantor each hereby
irrevocably waives such immunity in respect of its obligations under this Guaranty.

6. Representations. Guarantor hereby represents and warrants as
follows:

(a) Guarantor (i) is a duly organized and validly existing Colorado corporation, duly authorized to do business in each other
jurisdiction in which the failure to maintain such authorization could, individually or in the aggregate, affect its ability to perform its obligations under this Guarantee and is in good standing under the laws of the states of each such other
jurisdiction, and (ii) has the corporate power and authority to own its property and assets and to transact the business in which it is engaged;

(b) Guarantor has the corporate power to execute, deliver and perform the terms and provisions of this Guaranty and has taken all necessary corporate action to authorize the execution, delivery and performance of this
Guaranty. This Guaranty has been duly executed and delivered by Guarantor and constitutes the legal, valid and binding obligation of Guarantor enforceable against it in accordance with its terms (except as the enforceability thereof may be limited
by (a) applicable bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors rights generally and (b) the application of general principles of equity, regardless of whether such enforceability is
considered in a proceeding at law or in equity);



Page A14-4



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



(c) Neither the execution, delivery or performance by Guarantor of this Guaranty nor the consummation
of the transactions herein contemplated, nor compliance with the terms and provisions hereof will (i) violate any provision of the organizational documents of Guarantor, or (ii) in any manner that would have a material adverse effect on
the Guarantor or on its ability to perform its obligations hereunder, contravene any applicable provision of any law, statute, rule, regulation, order, writ, injunction or decree of any Government Authority or require the authorization or approval
of or any Government Authority, or (iii) conflict or be inconsistent with, or result in any breach of, any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the
obligation to create or impose) any lien upon or assignment of any of the property or assets of Guarantor pursuant to the terms of any agreement or other instrument to which Guarantor is a party or by which it or any of its property or assets is
bound or to which it is subject; and

(d) As of the date hereof, there are no actions, suits or proceedings pending or, to the best of the
knowledge of Guarantor, threatened against or affecting Guarantor before any Government Authority of which there is a likelihood that the outcome could, individually or in the aggregate, affect its ability to perform its obligations hereunder.

(e) No consent or authorization of, filing with, or other act by or in respect of, any arbitrator or Government Authority and no consent
or approval of any other Person (including, without limitation any stockholder or creditor of the Guarantor) is required in connection with the execution, delivery or performance by, or the validity or enforceability as against, Guarantor of this
Guaranty.

7. No Subrogation. Notwithstanding any payment or payments made by Guarantor hereunder or any set-off or application of funds of
Guarantor by IFCO, Guarantor shall not, until all of Purchasers obligations under the Limited Notice to Proceed and all other Guaranteed Obligations shall have been indefeasibly fulfilled, (a) be entitled to be subrogated to any of the
rights of IFCO against Purchaser or any other guarantor or in any collateral security or guaranty or right of offset held by IFCO for the performance and payment of any or all of the Guaranteed Obligations, or (b) seek any reimbursement or
contribution from Purchaser or any other guarantor in respect of any payment, set-off or application of funds made by Guarantor. Guarantor agrees that any claim it has or may be entitled to against Purchaser shall be and are hereby made subject to
and subordinate to the prior payment in full of all of the Guaranteed Obligations.

8. No Petition. Guarantor shall not, without the prior consent
of IFCO, (a) voluntarily commence, or join with or solicit any other Person in commencing, any case or other proceeding seeking liquidation, reorganization or other relief with respect to Purchaser or its debts under any bankruptcy, insolvency
or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of Purchaser, or (b) authorize or permit Purchaser to (i) commence any such proceeding, or
(ii) consent to any such relief, or to the appointment of any such official in any case or proceeding.

9. Amendments; No Waiver. No amendment
or waiver of any provision of this Guaranty nor consent to any departure by Guarantor therefrom shall, in any event, be effective unless the same shall be in writing and signed by IFCO and Guarantor, and then any such waiver or consent shall apply
only to the specific occasion which is the subject of such waiver or consent and shall not apply to the occurrence of the same or any similar event on any future occasion. No failure on the part of IFCO or Guarantor to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise thereof, or the exercise of any other right operate as a waiver thereof.

10. Notices. All notices and other communications provided for hereunder must be in writing to be effective and shall be deemed to be delivered and received (a) if personally delivered or if delivered by
telegram or courier service, when actually received by the party



Page A14-5



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



to whom notice is sent, (b) if delivered by telex or facsimile, on the first Business Day following the day transmitted, or (c) if delivered by
mail (whether actually received or not), at the close of business on the third Business Day following the day when placed in the mail, postage prepaid, certified or registered, addressed to the appropriate party, at the address and/or facsimile
numbers of such party set forth below (or at such other address as such party may designate by written notice to the other party in accordance with this Section):

If to Guarantor:

ADA-ES, Inc.

8100 SouthPark Way, Unit B

Littleton, Colorado 80120

Telephone: (303) 734-1727

Facsimile:
(303) 734-0330

Attention: Tony Smith

with a copy to:

Jonathan Lagarenne

997 Lenox Drive, Building 3

Lawrenceville,
New Jersey 08648-2311

Telephone: (609) 896-4588

Facsimile: (609) 896-1469

If to IFCO:

Industrial Furnace Company, Inc.

30 Humboldt
Street

Rochester, New York 14609

Telephone: (585) 654-3021

Facsimile: (585) 654-3071

Attention:

with a copy to:

Nixon Peabody LLP

Suite 1100 Clinton Square

Rochester, New York 14604

Attention: Peter H. Durant

Telephone: (585) 263-1000

Facsimile: (866) 947-1223

11. Continuing Guaranty;
Assignments.

(a) This Guaranty shall (i) be binding upon Guarantor and its successors and permitted assigns and (ii) inure to
the benefit of and be enforceable by IFCO and its successors, transferees and assigns. Guarantor shall have no right, power or authority to delegate all or any of its obligations hereunder. This Guaranty shall extend to any variation or amendment to
any Contract (made in accordance with its terms) and to any agreement supplemental thereto agreed between Purchaser and IFCO.



Page A14-6



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



(b) Guarantor shall not assign this Guaranty or any portion hereof, or any of the rights or
obligations hereunder, whether by operation of law or otherwise, without the prior written consent of IFCO.

(c) IFCO shall be entitled to
assign this Guaranty and its rights herein without the consent of Guarantor. Such right of assignment shall include, but not be limited to, any collateral assignment by IFCO to a trustee or provider of funds or credit in connection with any
financing of the Project.

12. Waiver of Jury Trial. Guarantor hereby irrevocably and unconditionally waives any and all right to trial by jury in
any action, suit or counterclaim arising in connection with this Guaranty.

13. Governing Law. This Guaranty shall be governed by, and interpreted
and construed in accordance with, the substantive laws of the State of New York, without giving effect to any choice of law rules which may direct the application of the laws of another jurisdiction.

14. Severability. If any provision of this Guaranty is held to be illegal, invalid, or unenforceable under present or future laws in any jurisdiction, such
provision shall be fully severable; this Guaranty shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part of the Guaranty as to such jurisdiction; and the remaining provisions of the Guaranty
shall remain in full force and effect and shall not be affected by the illegal, invalid, or unenforceable provision or by its severance from the Guaranty and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be duly executed and
delivered by its officer thereunto duly authorized as of the date first above written.



ADA-ES, Inc., a Colorado corporationBy:Name:Title:




Page A14-7



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 15

Arbitration Procedures



|1. | Scope of Arbitration Requirement. With respect to any dispute regarding (a) payments or amounts payable under this Contract and/or (b) the content or value of the
Punch List, which dispute(s) is/are not resolved after referral to the Parties senior management, pursuant to the first paragraph of Article 28 of this Contract, arbitration conducted pursuant to the procedures in this Attachment 15 is
mandatory, final and otherwise binding on the Parties.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2. | Procedures.
|-- | -----------



| | a. | Governing Rules. Any dispute to be resolved by arbitration shall be settled in accordance with the American Arbitration AssociationConstruction
IndustryFast Track Procedures with the following exceptions:
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b. | Selection of Arbitrators. Within two (2) Business Days after one Party sends the other Party notice of the commencement of arbitration, each Party shall select
one neutral individual to act as arbitrator, and the two selected arbitrators shall, within two (2) Business Days of their appointment, select a third, neutral arbitrator as chairman. Each arbitrator (including the chairman) shall be an
individual having experience in commercial contracts and/or agreements and, in particular, the implementation and interpretation of contracts and/or agreements relating to complex construction projects. No arbitrator shall be a present or former
employee or agent of, or consultant or counsel to, either Party or any Affiliate thereof. If the arbitrators selected by the Parties are unable or fail to agree upon the selection of the chairman within two (2) Business Days after their
appointment, then the chairman shall be selected by the American Arbitration Association.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | c. | Limited Discovery. Consistent with the expedited nature of the arbitration, each Party shall, upon the written request of the other Party, promptly provide the other
Party with written copies of documents relevant to the issue(s) raised in the dispute. Any disagreement regarding discovery, or the relevance or scope thereof, shall be determined by the chairman, which determination shall be final and conclusive.
All discovery shall be completed within ten (10) Business Days following the appointment of the chairman.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | d. | Scope of Arbitrators Decision. Each Party shall submit to the arbitrators in writing and exchange with each other in advance of the hearing, if any, their last,
best and final offers. The arbitrators shall be limited to awarding only one or the other of the two offers submitted.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | e. | Award; Timing. The arbitration award shall be made within thirty (30) days of the appointment of the chairman, and the arbitrators shall agree to comply with this
schedule before accepting appointment. If the arbitration award is not made within thirty (30) days of the appointment of the chairman, then either Party may terminate the arbitration proceeding upon prior notice to the other Party, and the
dispute will thereafter be resolved by legal proceedings in court.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3. | Allocation of Costs and Expenses. Each Party shall bear its own costs and expenses and an equal share of the arbitrators fees and the administrative fees of the entire
arbitration. The place of arbitration shall be Monroe County, New York, unless otherwise agreed by both of the Parties.
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page A15-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|4. | Registration of Award; Governing Law. Judgment upon the award rendered by the arbitrators may be entered by any court having jurisdiction thereof. The provisions of this
Attachment 15 shall be governed by the laws of the state of New York, without regard to the conflict of law principles thereof.
|-- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|5. | Availability of Injunctive Relief. Notwithstanding anything in this Contract to the contrary, nothing in this Attachment 15 to or in Article 28 of this Contract is intended
to, nor shall it, prevent either Party from seeking injunctive or other equitable relief at any time as may be available under law or in equity in order to specifically enforce a right or obligation under this Contract in existence prior to that
Party seeking such injunctive or other equitable relief.
|-- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Page A15-2



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 16

Site Requirements

SAFETY, HEALTH AND
ENVIRONMENTAL SITE REQUIREMENTS

Seller is responsible for the safety and health of
its employees. Full compliance with OSHA, MSHA, and ANSI Standards incorporated by reference, federal, state, and local regulations is mandatory. In addition, BE&K requires that Seller and its employees comply with the following requirements on
all BE&K projects, in addition to Purchaser requirements.



|1. | Safety and Health Orientation. Each Seller employee must attend the BE&K Safety Orientation and the Site-specific client portion of the orientation, if required.
Normally, such orientations will typically be two (2) hours in duration, but this is an estimate for planning purposes only.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|2. | Written Safety and Health Program. Seller must have a written safety and health program, and written Hazard Communication Program.
|-- | ----------------------------------------------------------------------------------------------------------------------------------



|3. | Personal Protective Equipment and Clothing (Seller will avoid costly delays by ensuring that all its employees have, or are provided, required PPE and clothing).
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------



| | a) | Safety glasses that meet ANSI Z-87.1 requirements must be worn at all times when on BE&K projects except in administrative areas. Safety glasses must have rigid side shields. No
contact lenses are to be worn in the work area unless required for medical reasons, excluding administrative areas.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b) | Goggles and a face shield must be worn when cutting or grinding, or in designated areas.
| | -- | ----------------------------------------------------------------------------------------



| | c) | Hard soled, safety toed shoes or boots (ANSI Z-41 approved) are required to be worn while working on all BE&K projects. Such footwear is not required in administrative areas.
Tennis shoe or athletic shoe style safety shoes are not permitted.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | d) | Hard hats (not bump caps) are required, and must conform to ANSI Z-89.1, Class B. Hard hats are required to be worn with the bill forward (except for welders wearing hoods) on all
BE&K projects. The hard hat must not be painted and must have Subcontractors identification logo or name on the front of the hat.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | e) | Hearing protection must be worn whenever noise is measured above 90dB, or normal conversation cannot be conducted, or when the area is posted as noise-hazardous.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------



| | f) | Shirts must have at least a four-inch (4) sleeve and shirttails must be tucked into the trousers unless welding. Trousers must never be tucked into boots. Tank tops and
shorts are prohibited. Perforated or mesh shirts and pants are prohibited. Nylon or polyester clothing is prohibited where it may be exposed to fire or excessive heat.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | g) | Neck ties, hair below the top of the shoulders, finger rings, including wedding bands, dangling necklaces, bracelets, or ear rings must never be worn on BE&K project
non-administrative areas.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | h) | Full-body style safety harnesses, dual shock absorbing fall protection lanyards and devices to attach lanyards to beams, such as beam straps, will be used on BE&K projects as
described below.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | i) | Abrasion resistant gloves must be carried by each worker and worn when handling any sharp or abrasive materials that could cause hand injury. Gloves must not be worn around rotating
equipment. All gloves will be provided by the subcontractor to their workers at no cost to the employee.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| |  |  |  |                                                                            
| |  |  |  | ---------------------------------------------------------------------------
| |  |  |  | (Subcontractor Safety, Health and Environmental Requirements, Rev. 7-12-06)



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|4. | Fall Protection
|-- | ---------------



| | a) | On all BE&K construction projects, one hundred percent (100%) fall protection is required when working more than six feet (6) above the next lowest level,
whether through installation of railing systems, use of fall protection harnesses and lanyards, or any other OSHA approved method. On maintenance projects, the fall protection height requirements may be four feet (4).
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b) | When erecting or working on steel structures, the preferred method is to pre-install railing systems and other fall protection devices such as life-lines that facilitate tie-off.
The first access for initial connection of steel beams should be in a JLG-type bucket lift but it may be conducted by climbing vertical beams if tied-off to a retractable lifeline. Subsequent access to steel for bolt-up must be by personal lifting
devices such as stairs, JLG-type bucket lifts, ladders, or scaffolds. When on steel, one hundred percent (100%) tie-off is always required when above six feet. (6)
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | c) | When erecting or dismantling scaffolds on a construction Site, one hundred percent (100%) fall protection is required above six feet (6). On maintenance sites, fall
protection may be required above four feet (4).
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | d) | Fall protection harnesses must be worn and a retractable lifeline used anytime a worker is climbing or descending on scaffold ladders that are more than 15 feet above the ground of
the next lowest level. The retractable lanyard must be attached to a suitable anchor- point.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | e) | When working on incomplete scaffolds, such as those that are BE&K yellow-tagged, 100% tie-off is required.
| | -- | ------------------------------------------------------------------------------------------------------------



| | f) | Fall protection harnesses and lanyards must be inspected by a competent person monthly.
| | -- | ---------------------------------------------------------------------------------------



| | g) | When in JLG-type baskets, fall protection must be worn and all workers tied-off.
| | -- | --------------------------------------------------------------------------------



| | h) | Roof leading edge protection must be provided when working within six feet (6) of the edge when that edge is more than six feet (6) above the next lowest
level.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------

FAILURE TO COMPLY WITH THE FALL PROTECTION CRITERIA ABOVE (4a-h) SHALL RESULT IN IMMEDIATE REMOVAL OF THE VIOLATING EMPLOYEE.



|5. | Ladders
|-- | -------



| | a) | Only fiberglass or wooden ladders are allowed on BE&K projects. Metal ladders are prohibited. Purchaser requirements may not permit wooden ladders; you must check.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b) | Extension ladders will be held at the base until tied-off at the top.
| | -- | ---------------------------------------------------------------------



| | c) | Ladders must be inspected and the inspection documented by a competent person and each ladder tagged and/or taped monthly.
| | -- | --------------------------------------------------------------------------------------------------------------------------



|6. | Vehicles and Mobile Equipment
|-- | -----------------------------



| | a) | Each Seller employee must have a valid license to operate any vehicles or mobile equipment on the project. Subcontractor employees will be required to show such license to a
BE&K representative.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b) | Daily pre-use inspections will be performed on each vehicle or item of mobile equipment. The BE&K checklist (Volume Two, Safety and Health Procedures Manual, Form 40-03-1) or
equivalent must be used and the documentation retained for review.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | c) | All incoming vehicles and mobile equipment must be safety-checked before use and operator training must be documented and available for review.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------



| | d) | Installed seat belts will be used by vehicle and equipment operators.
| | -- | ---------------------------------------------------------------------



| | e) | All mobile equipment and other construction vehicles (not cars or pickups with unobstructed rear views) must have operable back-up alarms.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------



|                                                                            |  |   |  | 
|--------------------------------------------------------------------------- |  | - |  | 
|(Subcontractor Safety, Health and Environmental Requirements, Rev. 7-12-06)
|                                                                            |  |  
|                                                                            |  | 2 |  | 



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



| | f) | Any mobile equipment used in an enclosed area such as a basement or warehouse, shall be propane or electric powered.
| | -- | --------------------------------------------------------------------------------------------------------------------



|7. | Environmental Requirements
|-- | --------------------------



| | a) | Seller is to provide current Material Safety Data Sheets (MSDS) before any materials/chemicals are brought to the Site.
| | -- | -----------------------------------------------------------------------------------------------------------------------



| | b) | Trash and waste will be properly disposed of in designated containers.
| | -- | ----------------------------------------------------------------------



| | c) | Equipment fluid leaks will be contained and the equipment repaired before continued use.
| | -- | ----------------------------------------------------------------------------------------



| | d) | BE&K supervisors and client/owner managers must be notified immediately when any chemical or oil spill occurs, no matter how small. Spill control and clean-up will only be
accomplished by trained personnel. Seller shall be responsible for costs involved with clean up of spills it causes.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|8. | Confined Spaces
|-- | ---------------



| | a) | Seller must provide all of its employees/attendants (hole watchers) who enter confined spaces with rescue and emergency equipment, continuous atmospheric monitoring instruments,
respirators, fire extinguishers, and any other equipment required by OSHA or MSHA as appropriate.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b) | All project confined spaces are to be considered permit-required and will not be entered unless a permit is signed by BE&K or the Purchaser.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------



| | c) | If a Seller employee enters a permit-required confined space, Subcontractor must have an on-site trained rescue force available as specified by OSHA or MSHA as appropriate, or have
arranged for that service from the client/owner or an outside service company. Seller must check to see if rescue forces from the fire department will be on hand and include training, equipping, and the standby of rescue personnel for its personnel
who may enter permit-required confined spaces.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | d) | If BE&K personnel are also in the confined space, BE&K will conduct continuous atmospheric monitoring. When there is no BE&K personnel in the space, the Subcontractor is
required to perform initial and continuous atmospheric monitoring.
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                                                            |  |   |  | 
|--------------------------------------------------------------------------- |  | - |  | 
|(Subcontractor Safety, Health and Environmental Requirements, Rev. 7-12-06)
|                                                                            |  |  
|                                                                            |  | 3 |  | 



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



|9. | Excavations
|-- | -----------



| | a) | An excavation permit will be obtained from BE&K or the client/owner before digging, no matter what the depth of the hole, trench or excavation.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------



| | b) | Protective systems such as trench boxes or shoring must be in place in all trenches five feet (5) or more in depth unless benching or sloping in compliance with OSHA
Standards is maintained.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | c) | All subcontractor employees involved with trenching and excavations must be trained in the hazards and precautions.
| | -- | -------------------------------------------------------------------------------------------------------------------



| | d) | A competent person must inspect each trench daily prior to worker entry and intermittently during trenching operations.
| | -- | -----------------------------------------------------------------------------------------------------------------------



| | e) | Spoil piles must be kept at least three (3) feet back from the edges of a trench.
| | -- | ---------------------------------------------------------------------------------



| | f) | Safe access and egress into and out of trenches must be provided in every case.
| | -- | -------------------------------------------------------------------------------



|10. | Miscellaneous Requirements
|--- | --------------------------



| | a) | Assured grounding and Ground Fault Circuit Interrupters (GFCI) are required on all electrical equipment and electrical tools and must be furnished by Seller. If in doubt, ask
the project supervisors or safety coordinator at the Site.
| | -- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | b) | Seller must use hot work, confined space, and line breaking permits required by BE&K or the client/owner.
| | -- | ---------------------------------------------------------------------------------------------------------



| | c) | Scaffolding will be inspected by qualified persons and tagged with BE&K or similar tags approved by the BE&K safety coordinator. If Seller erects scaffolds, it must have a
competent person assigned.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | d) | Lifts over 2,000 pounds require completion of the BE&K pre-lift checklist form (Volume Two, Safety and Health Procedures Manual, Form 40-06-1). Lifts over 6,000 pounds require
the approval of a BE&K rigging superintendent designated by BE&K.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | e) | Seller must supply lockout locks for employees. These locks must not be used for other purposes and supervisors must ensure keys are controlled.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------



| | f) | Compressed air hoses and couplings must be inspected daily before use. All hose couplings must have positive locking devices. Chicago-type fittings must be secured with wire or
clips.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | g) | Electrical cords, hoses, and welding leads must be routed overhead when feasible, so as to avoid tripping hazards and damage to the cords, hoses and leads. Hoses, cords and leads
routed on the ground will be protected from damage caused by vehicles running over them.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | h) | Electrical equipment cords, including extension cords brought onto the project, must not have cuts, or other defects, and must be free of repairs. Splices completed by a qualified
electrician are allowed if the insulation is intact and usage characteristics are the same as a new cord.
| | -- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | i) | Seller must ensure that all job-related injuries and illnesses, no matter how minor, are reported to BE&K immediately. Seller must submit a weekly report on all occupational
injuries and illnesses to BE&Ks Subcontract Coordinator, including the completed individual injury report form.
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | j) | Toolbox safety meetings must be conducted daily, and one (1) weekly meeting must be fully documented with content and attendance. Copies of handouts provided to Sellers
workers are to be given to BE&Ks Subcontract Coordinator or Safety Coordinator for retention.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | k) | A Subcontractor representative must attend BE&K-led safety committee meetings.
| | -- | ------------------------------------------------------------------------------



| | l) | When thirty (30) or more of Seller workers are on the job, Seller must provide a safety coordinator approved by BE&K as competent to perform safety responsibilities for the
scope and size of the project and, unless waived by the BE&K Project Manager, be present on the project during regular working hours.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|                                                                            |  |   |  | 
|--------------------------------------------------------------------------- |  | - |  | 
|(Subcontractor Safety, Health and Environmental Requirements, Rev. 7-12-06)
|                                                                            |  |  
|                                                                            |  | 4 |  | 



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



| | m) | Seller shall maintain training records for each of its employees on a BE&K site and will immediately provide those records to BE&K upon request.
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------



| | n) | Seller shall require each work- crew to complete a pre-task Job Safety Analysis (JSA), attached as Exhibit E-1 used by BE&K (Volume One, Safety and Health Management Systems,
Form M03-02-1), or one that is similar in content and purpose. A JSA must be completed prior to each task on each shift.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|11. | EVACUATION MAP AND ALARM SIGNALS IT IS THE RESPONSIBILITY OF THE SELLER TO OBTAIN AND COMMUNICATE TO ITS EMPLOYEES EVACUATION MAPS AND ROUTES OUT OF THEIR WORK AREA AND TO
IDENTIFY ALARM SIGNALS AS MAY BE APPLICABLE TO THE PROJECT SITE.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Seller agrees to comply with OSHA, MSHA and the aforementioned
requirements.

Any questions concerning these requirements that surface during the bid stage must be directed to the Subcontract Administrator.

Any questions of an emergency nature may be directed to the Corporate Safety Department or the Corporate Law Department that can both be reached by
calling (205) 972-6000.



|                                                                            |  |   |  | 
|--------------------------------------------------------------------------- |  | - |  | 
|(Subcontractor Safety, Health and Environmental Requirements, Rev. 7-12-06)
|                                                                            |  |  
|                                                                            |  | 5 |  | 



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 17

Site Layout

*



Page A17-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 18

Description of Water, Electric, Power and Other Utilities Required by Seller

Mechanical:

Water: 10 gpm (psi not important)

Shop Air:
90 psi, CFM TBD

Gas: 37,000 CFH @ 10 psi min., 40 psi max.

Electrical:

490 kW, 480V, 3ph



Page A18-1



---

Exhibit 10.50(d) to Form 10-Q for the Quarter Ended September 30, 2008 filed by ADA-ES, Inc. (File No. 000-50216)
on November 7, 2008



Attachment 19

Spare Parts List and Delivery Schedule

All parts under this Attachment 19 shall be provided by Seller to Purchaser
no later than thirty (30) days after the date of Substantial Completion, in no case later than *, as may be extended pursuant to Change Order(s).



|                                                                                  |  |       
|--------------------------------------------------------------------------------- |  | ------
|Furnace                                                                           |  |       
|Rabble Teeth  Supply only 1 set for one in-hearth and 1 out-hearth, less spacers |  | 1 set 
|Rabble Arms                                                                       |  | 2 ea. 
|Top Bearing                                                                       |  | 1 ea. 
|Graphite Inserts for Top Bearing                                                  |  | 1 set 
|Bottom Bearing Assembly, Complete                                                 |  | 1 ea. 
|Step Buttons for Bottom Bearing                                                   |  | [TBD] 
|Intermediate Lute Cap                                                             |  | 1 ea. 
|                                                                                  | 
|Mechanical Equipment                                                              |  |       
|Cooling Air Fan Shaft Bearings                                                    |  | 1 set 
|Injection Air Fan Shaft Bearings                                                  |  | 2 sets
|I.D. Fan Wheel and Shaft Assembly                                                 |  | 1 ea. 
|I.,D. Fan Shaft Bearings                                                          |  | 1 set 
|Cyclone Recycle Centering Screw                                                   |  | 1 ea. 
|Cyclone Recycle Furnace Feed Screw                                                |  | 1 ea. 
|Pop-top Damper Cylinder Seal Kit                                                  |  | 1 ea. 
|Pop-top Damper Solenoid Valve                                                     |  | 1 ea. 
|Pop-top Shaft Bearings                                                            |  | 1 set 
|                                                                                  | 
|Combustion System                                                                 |  |       
|Spark Igniter for MHF Burners                                                     |  | 4 ea. 
|Automatic Gas Safety Shutoff Valve                                                |  | 1 ea. 
|Gas Ratio Regulator                                                               |  | 1 ea. 
|Main Gas Safety Shutoff Valve                                                     |  | 1 ea. 
|Main Gas Regulator Repair Kit                                                     |  | 1 ea. 



Page A18-1