Exhibit 10.2


 


Execution Version


 


Addendum To Pledge Agreement


 


Reference is hereby
made to the Pledge Agreement (the “Pledge Agreement”) dated as of May 3, 2011 by Northeast Ohio Natural Gas
Corp., Orwell Natural Gas Company, Brainard Gas Corp., Great Plains Natural Gas Company, Lightning Pipeline Company, Inc., Spelman
Pipeline Holdings, LLC, Kidron Pipeline, LLC, Gas Natural Service Company, LLC, Gas Natural Inc., Independence Oil, L.L.C., Independence
Oil Real Estate 1, L.L.C., Independence Oil Real Estate 2, L.L.C., 8500 Station Street LLC and Gas Natural Resources LLC (collectively,
the “Initial Pledgors”) and any new Subsidiary of any Initial Pledgor, whether now existing or hereafter formed
or acquired, which becomes party to the Pledge Agreement by executing an Addendum thereto (collectively, together with the Initial
Pledgors, and in each case with its respective successors and assigns, including debtors-in-possession on behalf thereof, the “Pledgors”
and, individually, a “Pledgor”), for the benefit of Sun Life Assurance Company of Canada,
as the Secured Party. Capitalized terms used herein and not defined herein shall have the meanings given to them in the Pledge
Agreement. By its execution below, the undersigned Lone Wolfe Insurance, LLC, an Ohio limited liability company (the “New
Pledgor”), agrees to become, and does hereby become, a Pledgor under the Pledge Agreement and agrees to be bound by such
Pledge Agreement as if originally a party thereto. By its execution below, the undersigned New Pledgor represents and warrants
as to itself that all of the representations and warranties contained in Section 4 of the Pledge Agreement are true and correct
in all respects of the date hereof. The New Pledgor represents and warrants that the Schedule A attached hereto sets forth all
information required to be scheduled under the original Schedule A to the Pledge Agreement and that the attached Schedule A is
true and correct in all respects. The New Pledgor shall take all steps necessary to perfect, in favor of the Secured Party, a first-priority
security interest in and lien against the New Pledgor’s Pledged Collateral, including, without limitation, taking all steps
necessary to properly perfect the Secured Party’s interest in any uncertificated equity or membership interests.


 




     


    	 



    

 


IN WITNESS WHEREOF,
the undersigned New Pledgor, has executed and delivered this Addendum to Pledge Agreement as of this 14th day of December, 2015.


 


	 	Lone Wolfe Insurance, LLC, an Ohio limited liability company
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:



 


	 	Address for Notices:	1375 E 9th Street, Suite 3100
	 	 	Cleveland, OH 44011
	 	 	 
	 	Fax:	216-938-7944


 




     


    	 



    

 


Description of Pledged Collateral


 





	 PLEDGOR AND PLEDGOR’S 

JURISDICTION OF 

FORMATION/ORGANIZATION	PLEDGED SHARES AND

CERTIFICATE NUMBERS
	 	 
	Gas Natural Inc., an Ohio corporation	
        Lightning Pipeline Company, Inc.

        1,000,000 shares of common stock

        Certificate no. 19

	 	 
	Gas Natural Inc., an Ohio
    corporation 	Great Plains Natural Gas Company 2,000,000 shares of common stock
    certificate no. 28
	 	 
	Gas Natural Inc., an Ohio
    corporation 	
        Brainard Gas Corp.

        100 shares of common stock certificate no. 3

	 	 
	Gas Natural Inc., an Ohio
    corporation 	100% membership interest in Independence Oil,
    L.L.C.(non-certificated)
	 	 
	Gas Natural Inc., an Ohio
    corporation 	100% membership interest in Gas Natural Service Company, LLC
    (non-certificated)
	 	 
	Gas Natural Inc., an Ohio corporation 	100% membership interest in Gas Natural Resources, LLC
    (non-certificated) 
	 	 
	Gas Natural Inc., an Ohio
    corporation 	100% membership interest in Lone Wolfe
    Insurance, LLC (non-certificated)
	 	 
	
        Great Plains Natural Gas Company, an Ohio
corporation 
	Northeast Ohio Natural Gas Corp. 100
    shares of common stock certificate no. 2 
	 	 
	Lightning Pipeline Company, Inc., an
    Ohio corporation 	Orwell Natural Gas Company 2,100 shares
    of common stock certificate no. A 
	 	 
	Northeast Ohio Natural Gas
    Corporation, an Ohio corporation 	100% membership interest in Kidron
    Pipeline, LLC (non-certificated)
	 	 
	Northeast Ohio Natural Gas
    Corporation, an Ohio corporation 	100% membership interest in 8500
    Station Street LLC (non-certificated)




 


SCHEDULE A


(Addendum to Pledge Agreement)


 




     


    	 



    

 


	Independence Oil, L.L.C., a North Carolina limited liability
    company	
        100% membership in Independence
Oil

Real Estate 1, L.L.C., Independence Oil

Real Estate 2, L.L.C., and Independence

Real Estate 3, L.L.C. (non-certificated)



 


SCHEDULE A-2


(Addendum to Pledge Agreement)