Document:

Petro-Technical Services Agreement

 Exhibit 10.11 

PETRO-TECHNICAL SERVICES AGREEMENT, DATED AS OF FEBRUARY 17, 2011 

BETWEEN ATLAS ENERGY, INC. AND ATLAS PIPELINE HOLDINGS, L.P. SPECIFIC 

TERMS IN THIS EXHIBIT HAVE BEEN REDACTED, AS MARKED BY THREE 
 ASTERISKS (***), BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS 
 BEEN
REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED 
 WITH THE SECURITIES AND EXCHANGE COMMISSION. 

[Redacted Copy] 
 Specific terms in this exhibit have been redacted, as marked by three asterisks (***), because 
 confidential 
 treatment for those terms has been requested. The redacted
material has been separately filed 
 with the Securities and Exchange Commission. 

 Execution Version 

PETRO-TECHNICAL SERVICES AGREEMENT 
 BY AND AMONG 
 ATLAS ENERGY, INC. 

AND 

ATLAS PIPELINE HOLDINGS, L.P. 
 DATED AS OF FEBRUARY 17, 2011 

					
	 ARTICLE I DEFINITIONS
	  	 	1	  
	 Section 1.1 Definitions
	  	 	1	  
	 ARTICLE II PROVISION AND PURCHASE OF PETRO-TECHNICAL SERVICES
	  	 	3	  
	 Section 2.1 Petro-Technical Services
	  	 	3	  
	 Section 2.2 Monthly Invoices
	  	 	3	  
	 Section 2.3 Payment Disputes
	  	 	3	  
	 Section 2.4 Changes; Termination Of Services
	  	 	4	  
	 Section 2.5 Project Managers
	  	 	4	  
	 Section 2.6 Compliance with Laws and Governmental Requirements
	  	 	4	  
	 Section 2.7 Third Party Limitations
	  	 	4	  
	 ARTICLE III OPERATOR’S INSURANCE
	  	 	5	  
	 Section 3.1 Atlas’ Insurance
	  	 	5	  
	 Section 3.2 Subcontractors’ Insurance
	  	 	5	  
	 ARTICLE IV LIMITATION ON LIABILITY
	  	 	6	  
	 Section 4.1 Limitation of Liability
	  	 	6	  
	 Section 4.2 Obligation To Reperform; Liabilities
	  	 	6	  
	 Section 4.3 Indemnity
	  	 	6	  
	 Section 4.4 Exclusion of Other Remedies
	  	 	7	  
	 ARTICLE V FORCE MAJEURE
	  	 	7	  
	 Section 5.1 Force Majeure
	  	 	7	  
	 ARTICLE VI MISCELLANEOUS
	  	 	7	  
	 Section 6.1 Termination
	  	 	7	  
	 Section 6.2 Effect Of Termination On Fees And Other Provisions
	  	 	8	  
	 Section 6.3 Treatment of Confidential and Proprietary Information; Intellectual Property Rights
	  	 	8	  
	 Section 6.4 Taxes
	  	 	9	  
	 Section 6.5 Books and Records
	  	 	9	  
	 Section 6.6 Audit Assistance
	  	 	10	  
	 Section 6.7 Notices
	  	 	10	  
	 Section 6.8 No Partnership
	  	 	11	  
	 Section 6.9 No Agency
	  	 	11	  
	 Section 6.10 Subcontractors
	  	 	11	  
	 Section 6.11 Severability
	  	 	11	  

					
	 Section 6.12 Further Assurances
	  	 	11	  
	 Section 6.13 Assignment; Successors and Assigns
	  	 	11	  
	 Section 6.14 Entire Agreement
	  	 	12	  
	 Section 6.15 Amendments
	  	 	12	  
	 Section 6.16 Third Party Beneficiaries
	  	 	12	  
	 Section 6.17 Governing Law; Jurisdiction
	  	 	12	  
	 Section 6.18 Dispute Resolution
	  	 	13	  
	 Section 6.19 Conflict of Interest
	  	 	13	  
	 Section 6.20 Headings
	  	 	13	  
	 Section 6.21 Rules of Construction
	  	 	14	  
	 Section 6.22 Counterparts
	  	 	14	  
	 SCHEDULE 1.1 PETRO-TECHNICAL WELLS
	  	 	i	  
	 SCHEDULE 2.1 PETRO-TECHNICAL SERVICES
	  	 	ii	  
	 SCHEDULE 2.5 INITIAL PROJECT MANAGERS
	  	 	iii	  

 PETRO-TECHNICAL SERVICES AGREEMENT 

This PETRO-TECHNICAL SERVICES AGREEMENT, dated as of February 17, 2011 (this “Agreement”), is by and between ATLAS
ENERGY, INC., a Delaware corporation (“Atlas”), and ATLAS PIPELINE HOLDINGS, L.P., a Delaware limited partnership (“AHD”). 
 RECITALS 
 WHEREAS, Atlas, AHD, Atlas Energy Resources, LLC and Atlas
Pipeline Holdings GP, LLC (“AHD GP”) have entered into a Transaction Agreement, dated as of November 8, 2010 and amended as of February 17, 2011 (as amended, modified or supplemented from time to time in accordance with
its terms, the “Transaction Agreement”); 
 WHEREAS, in connection with the Transaction Agreement, the Parties
(as defined below) agreed that, from and after the Closing (as defined in the Transaction Agreement), Atlas shall provide or cause to be provided to AHD certain petro-technical services in connection with wells to be drilled and completed by AHD, in
accordance with the terms and subject to the conditions set forth in this Agreement; and 
 WHEREAS, the Transaction Agreement
requires execution and delivery of this Agreement by Atlas and AHD on or prior to the Closing Date (as defined in the Transaction Agreement). 
 NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained in this Agreement, the Parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.1 Definitions. 

(a) Unless otherwise defined in this Agreement, all capitalized terms used in this Agreement shall have the same meaning as in the Transaction
Agreement. 
 (b) The following capitalized terms shall have the following respective meanings when used herein with initial capital
letters: 
 “Agreement” has the meaning set forth in the preamble hereto. 

“AHD” has the meaning set forth in the preamble hereto. 
 “AHD GP” meaning set forth in the recitals hereto. 
 “Atlas” has
the meaning set forth in the preamble hereto. 
 “Auditing Entity” has the meaning set forth in Section 6.6.

 “Cancelled Services” has the meaning set forth in Section 2.4(b). 

 “Confidential Information” has the meaning set forth in Section 6.3(a).

 “CPR” has the meaning set forth in Section 6.18(b). 
 “Dispute” has the meaning set forth in Section 6.18(a). 

“Due Date” has the meaning set forth in Section 2.2. 

“Force Majeure” means, with respect to a Party, an event beyond the control of such Party (or any Person acting on its
behalf), which by its nature could not have been reasonably foreseen by such Party (or such Person) or, if it could have been reasonably foreseen, was unavoidable, and includes to the extent consistent with the foregoing: (a) lightning, storms,
earthquakes, landslides, floods, washouts and other acts of God; (b) fires, explosions, ruptures, breakage of or accidents in or to pipeline, plant, machinery, equipment or storage facility; (c) strikes, lockouts or other labor
disturbances; (d) civil disturbances, sabotage, war (declared or undeclared), blockades, insurrections, vandalism, riot, acts of terrorism or epidemics; (e) arrests and restraints by governments or governmental agencies; (f) failure
of energy sources or distribution facilities; or (g) the order of any court. 
 “Gross Receipts Taxes”
means gross receipts taxes limited to those imposed upon the privilege of conducting business activity and excludes sales, use, value added, goods and services and other excise fees that may be passed through to the recipient under state tax law,
including withholdings, assessments or charges imposed by any tax authority and any penalties, interest and fines or additions attributable to or imposed on or with respect to any such assessments. The Michigan Business Tax shall be considered a
Gross Receipts Tax. 
 “Parties” means Atlas and AHD, and “Party” means any one of them. 

“Personal Data” has the meaning set forth in Section 6.3(b). 
 “Petro-Technical Services” means the services set forth on Schedule 2.1. 
 “Petro-Technical Services Fee” has the meaning set forth in Section 2.1(d). 
 “Petro-Technical Wells” means the wells listed on Schedule 1.1 hereto and such other additional wells as the Parties may mutually agree, whereupon Schedule 1.1
shall be amended to reflect such additional wells. 
 “Proprietary Information” has the meaning set forth in
Section 6.3(c). 
 “Representatives” means a Person’s Affiliates and the directors, officers,
employees, agents and advisors (including, without limitation, attorneys, accountants, consultants, bankers, financial advisors and any representatives of those advisors) of such Person or any of its Affiliates. 

“Term” has the meaning set forth in Section 6.1. 
 “Transaction Agreement” meaning set forth in the recitals hereto. 

  
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 ARTICLE II 
 PROVISION AND PURCHASE OF PETRO-TECHNICAL SERVICES 
 Section 2.1 Petro-Technical
Services. 
 (a) During the Term, except as terminated earlier pursuant to Section 6.1, (i) Atlas agrees to provide
the Petro-Technical Services for the Petro-Technical Wells, and (ii) AHD agrees to pay the applicable Petro-Technical Services Fee for each such Petro-Technical Service provided. 
 (b) The Petro-Technical Services may be directly provided by Atlas or may be provided through any of its Affiliates or subcontractors, and the Petro-Technical Services shall be provided to such AHD
Group member as may be designated from time-to-time by AHD. 
 (c) Subject to Section 2.6, all Petro-Technical Services
provided by Atlas and its Affiliates and subcontractors hereunder shall be performed using commercially reasonable efforts, skill and judgment. Without limiting the foregoing, all Petro-Technical Services shall be provided in a timely and
professional workmanlike manner, consistent with applicable Law and standards or principles governing the Petro-Technical Services. 

(d) Atlas shall be entitled to a fee for the Petro-Technical Services it performs under this Agreement (the “Petro-Technical Services
Fee”) representing the actual costs (both direct and incidental) incurred by Atlas, its Affiliates or subcontractors, in the performance of the Petro-Technical Services, but in no event shall such costs exceed market-based rates in the
following geographic and surrounding areas: Pittsburgh, Pennsylvania, as to the Petro-Technical Wells located in Pennsylvania; and Traverse City, Michigan, as to the Petro-Technical Wells located outside of Pennsylvania, in each case for the
provision of the same or similar services. 
 Section 2.2 Monthly Invoices. Atlas shall invoice AHD on a monthly basis for all
Petro-Technical Services provided during the prior month. Such invoices shall identify the applicable Petro-Technical Services provided for such month, on a work-order basis as set forth in Schedule 2.1, and the Petro-Technical Services
Fees payable for each such Petro-Technical Service. All invoices shall be due and payable thirty (30) days from the date AHD receives the applicable invoice (the “Due Date”). 

Section 2.3 Payment Disputes. Payment of any invoice shall not prejudice the right of AHD to protest or question the correctness thereof;
provided however, all invoices rendered to AHD by Atlas during any calendar year shall conclusively be presumed to be true and correct after six (6) months following the end of any such calendar year, unless within said six
(6) month period AHD disputes any invoice or portion thereof, by providing Atlas written notice of the disputed amounts, together with a statement of the particulars of the dispute, including the calculations with respect to any errors or
inaccuracies claimed. No adjustments favorable to AHD shall be made unless the foregoing time requirements have been satisfied. AHD shall not be entitled to withhold any such disputed amounts. The forgoing payment dispute and adjustment process
shall be the exclusive remedy for addressing payment disputes between the Parties. 

  
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 Section 2.4 Changes; Termination Of Services. 

(a) The Parties may, at any time during the Term, mutually agree in writing to change the nature, extent or duration of performance of any or all
Petro-Technical Services hereunder. 
 (b) If AHD should in its sole discretion, at any time during the Term, cease to require Atlas or any
of its Affiliates or subcontractors to undertake any part of the Petro-Technical Services (the “Cancelled Services”), AHD may give written notice to such effect to Atlas. Atlas and its Affiliates and subcontractors shall, as soon as
reasonably practicable following the receipt of such notice, cease to provide the Cancelled Services. 
 Section 2.5 Project
Managers. Atlas and AHD shall each appoint an individual to act as its project manager to deal with issues arising out of the performance of this Agreement, and such individuals shall discuss such issues as often as reasonably necessary in order
to facilitate the orderly provision of the Petro-Technical Services by Atlas. The initial project managers are set forth on Schedule 2.5. 
 Section 2.6 Compliance with Laws and Governmental Requirements. Notwithstanding anything to the contrary in this Agreement, Atlas shall comply (and cause each Affiliate or subcontractor
providing any of the Petro-Technical Services to comply) with (i) all Laws applicable to the provision by it (or such Affiliate or subcontractor) of the Petro-Technical Services hereunder; and (ii) the accounting and reporting requirements
of any Governmental Entity having jurisdiction over it or its Affiliates or subcontractors with respect to their respective activities related to Atlas’ or its Affiliates’ or subcontractors’ performance of the Petro-Technical
Services. 
 Section 2.7 Third-Party Limitations. Each Party acknowledges and agrees that the Petro-Technical Services provided by
Atlas through third parties or using third party Intellectual Property are subject to the terms and conditions of any applicable agreements between Atlas and such third parties. Atlas shall use commercially reasonable efforts to (i) obtain any
necessary consents from such third parties in order to provide such Petro-Technical Services or (ii) if any such consent is not obtained, provide acceptable alternative arrangements to provide the relevant Petro-Technical Services sufficient
for AHD’s and Resource’s purposes. All costs associated with (i) and (ii) above shall be borne by AHD or Resources, as applicable; provided that such costs shall not be incurred without the prior written consent (which may
be provided by electronic mail) of AHD or Resources, as applicable. If any such acceptable alternative arrangement is not reasonably available or AHD or Resources, as applicable, does not consent in writing to pay such additional costs, the Parties
shall negotiate in good faith reasonable modifications of the Petro-Technical Services such that such consents are not required for the performance of such affected Petro-Technical Services or, if after such good-faith negotiation the Parties are
unable to agree upon such modifications, Atlas shall not be required to provide such Petro-Technical Service. 

  
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 ARTICLE III 
 OPERATOR’S INSURANCE 
 Section 3.1 Atlas’ Insurance. So long as Atlas
is providing Petro-Technical Services under this Agreement, Atlas shall obtain and maintain at its own expense (a) all required workmen’s compensation insurance and comprehensive general public liability insurance in amounts and coverage
not less than $1,000,000 per person per occurrence for personal injury or death and $1,000,000 for property damage per occurrence. Subject to the above limits, Atlas’ general public liability insurance shall be in all respects comparable to
that generally maintained in the industry with respect to services of the type to be rendered and activities of the type to be conducted under this Agreement. The insurance required to be provided by Atlas pursuant to this Section 3.1
shall, if permitted by such entity’s insurance carrier: 
 (a) name AHD and the applicable AHD Group member as additional insureds;
and 
 (b) provide that at least thirty (30) days’ prior notice of cancellation and any other adverse material change in the
policy shall be given to AHD and the applicable AHD Group member. 
 However, AHD shall, or shall cause the applicable AHD Group
member to, reimburse Atlas for the additional cost, if any, of including it as an additional insured party under Atlas’ insurance. Current copies of all policies or certificates of Atlas’ insurance coverage shall be delivered to AHD on
request. It is understood and agreed that Atlas’ insurance coverage may not adequately protect the interests of AHD and that AHD shall carry at its expense the excess or additional general public liability, property damage, and other insurance,
if any, as it deems appropriate. 
 NOTWITHSTANDING THE FOREGOING, and without limitation of the provisions set forth in Article
IV herein, Atlas may provide AHD with certification of self-insurance for the insurance and endorsements required under this Section 3.1; provided, that none of AHD, or any applicable AHD Group entity shall be entitled to file claims
under this Agreement against Atlas’ self-insurance for any reason whatsoever. 
 Section 3.2 Subcontractors’ Insurance.
Atlas shall require all of its subcontractors to carry all required insurance that is otherwise required of Atlas pursuant to Section 3.1 with respect to the Services such subcontractor is solicited to provide. 

  
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 ARTICLE IV 
 LIMITATION ON LIABILITY 
 Section 4.1 Limitation of Liability. 

(a) NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THIS AGREEMENT, (i) EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, ATLAS MAKES NO WARRANTY,
EXPRESS OR IMPLIED, WITH RESPECT TO THE PETRO-TECHNICAL SERVICES, INCLUDING THE WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR THAT THE PERFORMANCE OF SUCH PETRO-TECHNICAL SERVICES WILL RESULT IN THE DISCOVERY OR PRODUCTION OF
OIL AND/OR GAS IN ANY QUANTITIES, IF ANY; (ii) THE PETRO-TECHNICAL SERVICES ARE PROVIDED ON AN “AS IS, WHERE IS” BASIS; AND (iii) THE SOLE AND EXCLUSIVE REMEDY OF AHD IN THE EVENT OF A BREACH OF THIS AGREEMENT BY ATLAS SHALL BE
(A) AS SET FORTH IN SECTION 6.1, AND (B) THE RIGHT TO REPERFORMANCE PURSUANT TO SECTION 4.2.  

(b) Notwithstanding anything to the contrary contained in the Transaction Agreement or this Agreement, Atlas shall not be liable to AHD or any of
its Representatives, whether in contract, tort (including negligence and strict liability) or otherwise, at law or equity, for any consequential, special or punitive damages whatsoever, which in any way arise out of, relate to or are a consequence
of, the performance or nonperformance by Atlas (including any Representatives of Atlas and any subcontractors or third-party providers, in each case, providing the applicable Petro-Technical Services) under this Agreement or the provision of any
Petro-Technical Services under this Agreement, including with respect to loss of profits, business interruptions or claims of customers. 

Section 4.2 Obligation To Reperform; Liabilities. In the event of any breach of this Agreement by Atlas or any of its Affiliates or
subcontractors with respect to the provision of any Petro-Technical Services, with respect to which Atlas or such Affiliate or subcontractor can reasonably be expected to reperform in a commercially reasonable manner, Atlas shall, and shall cause
any applicable Affiliate or subcontractor to promptly correct in all material respects such error, defect or breach or reperform in all material respects such Petro-Technical Services at the request of AHD and at the sole cost and expense of Atlas.
Any request for reperformance in accordance with this Section 4.2 by AHD must be in writing and specify in reasonable detail the particular error, defect or breach, and such request must be made no more than sixty (60) days from the
date such breach occurred. 
 Section 4.3 INDEMNITY. 
 (a) AHD AGREES TO RELEASE, DISCHARGE, DEFEND, INDEMNIFY, AND HOLD HARMLESS ATLAS, ITS AFFILIATES, AND THE EMPLOYEES AND AGENTS OF ATLAS AND ITS AFFILIATES, FROM AND AGAINST ALL CLAIMS, CAUSES
OF ACTION, LIABILITIES, PENALTIES, FINES, JUDGMENTS, PAYMENTS, DAMAGES, LOSSES, COSTS AND EXPENSES (INCLUDING BUT NOT LIMITED TO COURT COSTS AND ATTORNEYS’ FEES AND EXPERT WITNESS FEES, COSTS OF INVESTIGATING CLAIMS, SITE ASSESSMENTS, TESTING
AND REMEDIAL ACTIONS) INCURRED OR PAID IN CONNECTION WITH SUCH CLAIMS, ARISING FROM OR ASSOCIATED WITH ATLAS’ ACTS, OMISSIONS, AND CONDUCT OF OPERATIONS UNDER THIS AGREEMENT. AHD’S RELEASE, DEFENSE AND INDEMNITY OBLIGATIONS HEREUNDER
APPLY WITHOUT LIMITATION TO ACTS AND OMISSIONS OF ATLAS, ITS AFFILIATES, AND THE EMPLOYEES AND AGENTS OF ATLAS AND ITS AFFILIATES REGARDLESS OF THE NEGLIGENCE (WHETHER SOLE, CONTRIBUTORY, COMPARATIVE, CONCURRENT, ACTIVE, PASSIVE, SIMPLE OR GROSS),
BREACH OF CONTRACT, BREACH OF WARRANTY, STRICT LIABILITY, REGULATORY LIABILITY, STATUTORY LIABILITY, OR OTHER FAULT OR RESPONSIBILITY OF ATLAS, ITS AFFILIATES, THE EMPLOYEES AND AGENTS OF ATLAS AND ITS AFFILIATES, OR ANY OTHER PERSON OR
PARTY.  

  
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 (b) The provisions of this Section 4.3 will survive termination of this Agreement.

 Section 4.4 Exclusion of Other Remedies. The provisions of Sections 4.2 and 4.3 of this Agreement shall be the
sole and exclusive remedies of the Parties for any claim, loss, damage, expense or liability, whether arising from statute, principle of common or civil law, principles of strict liability, tort, contract or otherwise under this Agreement.

 ARTICLE V 
 FORCE MAJEURE 
 Section 5.1 Force Majeure. Neither Party (nor any Person acting
on its behalf) shall have any liability or responsibility for failure to fulfill any obligation (other than a payment obligation) under this Agreement so long as and to the extent to which the fulfillment of such obligation is prevented, frustrated,
hindered or delayed as a consequence of circumstances of Force Majeure; provided, that (i) such Party (or such Person) shall have exercised commercially reasonable efforts to minimize the effect of Force Majeure on its obligations; and
(ii) the nature, quality and standard of care that Atlas shall provide in delivering a Petro-Technical Service after a Force Majeure shall be substantially the same as the nature, quality and standard of care that Atlas provides to its
Affiliates and its other business components with respect to such Petro-Technical Service. In the event of an occurrence of a Force Majeure, the Party whose performance is affected thereby shall give notice of suspension as soon as reasonably
practicable to the other stating the date and extent of such suspension and the cause thereof, and such Party shall resume the performance of such obligations as soon as reasonably practicable after the removal of such cause. During the period of a
Force Majeure, AHD shall be entitled to seek an alternative service provider with respect to such Petro-Technical Service(s) (and shall be relieved of the obligation to pay Petro-Technical Service Fees, for such Petro-Technical Services(s)
throughout the duration of such Force Majeure) if a Force Majeure shall continue to exist for more than 15 consecutive days. 

ARTICLE VI 

MISCELLANEOUS 

Section 6.1 Termination. The term of this Agreement (the “Term”) shall be for a period of one (1) year from the date of
this Agreement, and from month-to month thereafter until cancelled by either Party for any reason whatsoever by giving the other Party ninety (90) days written notice; provided, however, that (i) AHD may terminate this Agreement by
delivering thirty (30) days’ prior written notice to Atlas, (ii) the Parties may mutually agree in writing to terminate this Agreement at any time, (iii) either Party may terminate this Agreement if the other Party has materially
breached its covenants or obligations under this Agreement, which breach cannot be or has not been cured within thirty (30) days after the giving of written notice by the Party desiring to terminate this Agreement and (iv) in no event
shall the Term extend beyond eighteen (18) months from the Closing Date; and provided further, however, that the covenants in Sections 4.3 and 6.18 shall survive the termination of this Agreement indefinitely.

  
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 Section 6.2 Effect Of Termination On Fees And Other Provisions. 

(a) Upon termination of this Agreement pursuant to Section 6.1, any Petro-Technical Services Fees owing for Petro-Technical Services
actually performed prior to the date of termination shall be invoiced and paid in accordance with Section 2.2. 
 (b) In the
event of the expiration or termination of this Agreement, Atlas will have no further obligation to provide the Petro-Technical Services and AHD will have no obligation to pay any future fees relating to such Petro-Technical Services, provided,
however, that AHD will remain obligated to Atlas for payment of any Petro-Technical Services Fees owing for Petro-Technical Services provided prior to the effective date of termination of this Agreement. Any Party nevertheless shall be entitled
to seek any remedy to which it may be entitled under this Agreement for the violation or breach by the other Party of any agreement, covenant, representation, warranty, or indemnity contained in this Agreement. 

(c) Nothing contained in this Section 6.2 shall relieve any Party from liability for (i) its intentional breach of any covenants or
agreements contained herein prior to termination or (ii) fraud or unlawful activity. 
 (d) In connection with the termination of this
Agreement and the Petro-Technical Services provided for herein, the provisions of this Agreement not relating solely to the Petro-Technical Services shall survive any such termination, and in connection with a termination of this Agreement,
Article I, Article IV and Article VI, shall continue to survive indefinitely. 
 Section 6.3
Treatment of Confidential and Proprietary Information; Intellectual Property Rights. 
 (a) The Parties shall not, and shall cause
all other persons providing Petro-Technical Services or having access to information of the other Party that is known to such Party as confidential or proprietary (other than information that (i) is or becomes generally available to the public,
other than as a result of a disclosure by the disclosing Party not otherwise permissible hereunder, (ii) the disclosing Party can demonstrate was or became available to the disclosing Party from a source other than the other Party or
(iii) is developed independently by the disclosing Party without reference to the other confidential information of the other Party) (collectively, “Confidential Information”) not to, directly or indirectly, disclose, reveal,
divulge or communicate to any third parties, any such Confidential Information of the other Party, except as permitted by applicable law or agreement of the Parties. 

  
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 (b) Each Party will process all personal data relating to the employees, customers, contractors and
suppliers of the Parties (“Personal Data”) it processes on behalf of the other Party in accordance with all applicable Laws and the other Party’s reasonable requests with respect to protecting Personal Data, including but not
limited to: restricting employee and agent/subcontractor access to Personal Data, following the other Party’s instructions in connection with processing Personal Data, not disclosing Personal Data to any third party without the other
Party’s written permission, applying appropriate security measures to protect Personal Data, and deleting any Personal Data in its possession or control at the expiry or termination of this Agreement unless otherwise agreed between the Parties.
In the event of any unauthorized, unlawful, and/or unintended processing, access, disclosure, exposure, alteration, loss, or destruction of Personal Data, the applicable Party will immediately notify the other Party and cooperate with other
Party’s reasonable requests to investigate and remediate such incident and provide appropriate response and redress. 
 (c) In the
event that AHD comes into possession of any information reasonably identified as the confidential and proprietary information of Atlas, whether oral or written, including, but not limited to, product development information, software, strategies,
intellectual property, trademarks, copyrights, patents, service marks, trade secrets (collectively herein after referred to as “Proprietary Information”), AHD acknowledges that ownership of and title in and to all such Proprietary
Information, and any and all modifications thereof, is and shall remain in Atlas and AHD does not acquire any ownership rights or title in or to the Proprietary Information. AHD shall not copy such Proprietary Information. Atlas reserves the right,
in its sole discretion, to require the deletion by AHD of any Proprietary Information. The Parties acknowledge and agree that all intellectual property rights, including any Proprietary Information, in or relating to the Petro-Technical Services or
the provision thereof, including any such intellectual property rights created or developed during the Term, shall be owned by Atlas, and AHD hereby assigns any and all rights that it may have or acquire therein to Atlas. 

Section 6.4 Taxes. 

(a) Without limiting any provisions of this Agreement, AHD shall bear any and all sales, use, transaction and transfer taxes and
other similar charges (and any related interest and penalties) imposed on, or payable with respect to, any fees or charges payable by it pursuant to this Agreement; provided, that any applicable Gross Receipts Taxes shall be borne by Atlas
unless Atlas is required by law to obtain, or allowed to separately invoice for and obtain, reimbursement of such taxes from AHD. 
 (b) Notwithstanding anything to the contrary in this Agreement, AHD shall be entitled to withhold from any payments to Atlas any such taxes that AHD is required by law to withhold and shall pay over
such taxes to the applicable taxing authority. 
 Section 6.5 Books and Records. Each Party shall keep and maintain books, records,
accounts and other documents sufficient to reflect accurately and completely the transactions conducted, and all associated costs incurred, pursuant to this Agreement. Such records shall include receipts, invoices, memoranda, vouchers, inventories,
timesheets and accounts pertaining to the Petro-Technical Services, as well as complete copies of all contracts, purchase orders, service agreements and other such arrangements entered into in connection therewith. 

  
 9 

 Section 6.6 Audit Assistance. Each Party and its Subsidiaries are or may be subject to audit by
Governmental Authorities, such Party’s third party or internal auditor, such Party’s customers, or other Persons that are parties to contracts with such Party, in each case pursuant to applicable Law, contractual provision, or request of
such Party’s board of directors (or its audit committee) (an “Auditing Entity”). If an Auditing Entity exercises its right to audit such first Party’s or any of its Subsidiary’s books, records, documents, accounting
practices or procedures, internal controls and procedures, or operational, financial or legal practices and procedures, and such audit relates to the Petro-Technical Services required to be provided to, or from, such first Party hereunder, upon
written request of such first Party, the other Party shall, within a reasonable period of time, provide, at the sole cost and expense of such first Party, all assistance, records and access reasonably requested by such first Party in responding to
such audits (including documents related to testing methodologies, test results, audit reports of significant findings, and remediation plans with respect to any deficiencies with respect to such other Party’s internal controls or procedures,
and work papers of such other Party’s third party or internal auditor that relate to the matter being subject of such audit), to the extent that such assistance, records or access is within the reasonable control of such other Party and relates
solely to the Petro-Technical Services provided hereunder. 
 Section 6.7 Notices. Except with respect to routine communications by
the project managers, all notices, requests, claims, demands and other communications under this Agreement shall be in writing and shall be given or made (and shall be deemed to have been duly given or made upon receipt) by delivery in person, by
overnight courier service, by facsimile transmission with receipt confirmed (followed by delivery of an original via overnight courier service) or by registered or certified mail (postage prepaid, return receipt requested) to the respective Parties
at the following addresses (or at such other address for a Party as shall be specified in a notice given in accordance with this Section 6.7). Notices sent by email are ineffective. Notices that do not comply with the requirements of
this Section 6.7 are ineffective, and do not impart actual or any other kind of notice. 
 (a) if to AHD, to:

 1845 Walnut Street 
 Philadelphia, PA

 Facsimile: (215) 761-0457 

Attention: Chief Legal Officer 
 With a copy to:

 Atlas Pipeline Holdings, L.P. 
 3500
Massillion Road, Suite 100 
 Uniontown, OH 44685 
 Facsimile: (330) 896-8518 
 Attention: Jeffrey Simmons 

(b) if to Atlas: 
 Greg Hild

 Westpointe Corporate Center One 

1550 Coraopolis Heights Road 
 Moon Township, PA

 Facsimile: (412) 262-2820 

  
 10 

 Section 6.8 No Partnership. Nothing contained in this Agreement shall be construed or implied as
creating a partnership, agency, franchise, joint venture, fiduciary or similar relationship between the Parties other than that of independent contractors. Nothing in this Agreement shall be deemed to create an employment relationship between a
Party, on the one hand, and the employees and/or agents of the other Party or any Affiliate or Subsidiary who performs the Petro-Technical Services pursuant to this Agreement, or to make the Parties joint employers thereof. No Party shall incur any
debts or make any commitments for the other Party, except to the extent, if at all, specifically provided herein. 
 Section 6.9 No
Agency. Nothing in this Agreement shall be deemed in any way or for any purpose to constitute any Party an agent of another unaffiliated party in the conduct of such other party’s business. Atlas and its Affiliates and subcontractors shall
act as an independent contractor and not as the agent of any AHD Group member in performing such Petro-Technical Service, maintaining control over its employees, its subcontractors and their employees and complying with all withholding of income at
source requirements, whether federal, state, local or foreign. 
 Section 6.10 Subcontractors. Atlas may hire or engage one or more
subcontractors to perform any or all of its obligations under this Agreement; provided, however, that (i) Atlas shall use the same degree of care in selecting any such subcontractor as it would if such contractor was being retained to
provide similar services to Atlas and (ii) Atlas shall in all cases remain primarily responsible for all of its obligations under this Agreement with respect to the scope of the Petro-Technical Services, the standard for services as set forth
in Article II and the content of the Petro-Technical Services provided under this Agreement. 
 Section 6.11
Severability. If any term or other provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement shall remain in full force and effect. The Parties further agree
that if any provision contained herein is, to any extent, held invalid or unenforceable in any respect under the Laws governing this Agreement, they shall take any actions necessary to render the remaining provisions of this Agreement valid and
enforceable to the fullest extent permitted by applicable Law and, to the extent necessary, shall amend or otherwise modify this Agreement to replace any provision contained herein that is held invalid or unenforceable with a valid and enforceable
provision giving effect to the intent of the Parties to the greatest extent legally permissible. 
 Section 6.12 Further Assurances.
Each Party covenants and agrees that, without any additional consideration, it shall execute and deliver any further legal instruments and perform any acts that are or may become necessary to effectuate this Agreement. 

Section 6.13 Assignment; Successors and Assigns. Each Party may assign all of its rights and obligations under this Agreement to any party
other than an Affiliate without the prior written consent of any other Party; however: (a) any assignee or successor shall agree in writing to assume all of the assigning Party’s obligations under this Agreement, (b) any assignee or
successor to Atlas must have the technical competence and the financial and operational capacity to perform the Services, (c) the assigning Party shall provide a copy of such agreement and the assignment to the non-assigning Party and
(d) no such assignment shall release the Parties from any liability or obligation arising under this Agreement prior to the effective date of such assignment. 

  
 11 

 Section 6.14 Entire Agreement. Except as otherwise expressly provided in this Agreement, this
Agreement constitutes the entire agreement of the Parties with respect to the subject matter hereof and supersedes all prior agreements and undertakings, both written and oral, between or on behalf of the Parties with respect to the subject matter
of this Agreement. In the event of any conflict between this Agreement and the Transaction Agreement, the terms of this Agreement shall control. 
 Section 6.15 Amendments. No provision of this Agreement, including any Schedules to this Agreement, may be amended, supplemented or modified except by a written instrument making specific
reference to this Agreement or any such Schedules to this Agreement, as applicable, signed by all the Parties. 
 Section 6.16 Third
Party Beneficiaries. Except for the provisions of Article IV, which are intended to be enforceable by the Persons respectively referred to therein, this Agreement is for the sole benefit of the Parties and their permitted successors
and assigns and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person, including any union or any employee or former employee of Atlas or AHD, any legal or equitable right, benefit or remedy of any
nature whatsoever, including any rights of employment for any specified period, under or by reason of this Agreement. 
 Section 6.17
Governing Law; Jurisdiction. This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to any conflicts of law rules (whether of the Commonwealth of Pennsylvania or of
any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the Commonwealth of Pennsylvania. The Parties hereto agree that any Action seeking to enforce any provision of, or based on any matter arising out of
or in connection with, this Agreement (whether brought by any Party or any of its Affiliates or against any Party or any of its Affiliates) shall be brought only in the Pennsylvania Court of Common Pleas or, if such court shall not have
jurisdiction, any federal court located in the Commonwealth of Pennsylvania or other Pennsylvania state court, and each of the Parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom)
in any such Action and irrevocably waives, to the fullest extent permitted by law, any objection that it may now or hereafter have to the laying of the venue of any such Action in any such court or that any such Action brought in any such court has
been brought in an inconvenient forum. Process in any such Action may be served on any Party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting the foregoing, each Party agrees that service of
process on such Party as provided in Section 6.7 shall be deemed effective service of process on such Party. 

  
 12 

 Section 6.18 Dispute Resolution. 
 (a) Subject to the limitation on remedies set forth in Section 4.4, in the event of any dispute, controversy or claim arising out of or relating to the transactions contemplated by this
Agreement, or the validity, interpretation, breach or termination of any provision of this Agreement, or calculation or allocation of the costs of any Petro-Technical Service, including claims seeking redress or asserting rights under any Law (each,
a “Dispute”), a Party may send written notice of the Dispute to the other Party detailing the Dispute. Upon notice of any such Dispute, Atlas and AHD agree that the Atlas project manager and the AHD project manager (or such other
persons as Atlas and AHD may designate) shall negotiate in good faith in an attempt to resolve such Dispute amicably. 
 (b) If a Dispute
described in Section 6.18(a) has not been resolved by the Parties within thirty (30) days of receipt of written notice of the Dispute (or such longer period as the Parties may agree) pursuant to Section 6.18(a), either
Party may, upon providing written notice to the other Party, institute binding arbitration which shall be the exclusive method for resolution of any such Disputes. The Federal Arbitration Act, 9 U.S.C. Sections 1-16 shall apply to and govern the
arbitration. The following procedures shall apply to the arbitration proceeding: (a) the place of the arbitration hearing shall be a location mutually agreed by the Parties, or if the Parties do not agree, Philadelphia, Pennsylvania;
(b) one unbiased arbitrator shall conduct the arbitral proceedings in accordance with the International Institute for Conflict Prevention & Resolution (“CPR”) rules in effect at the time, with the CPR being the
appointing authority; (c) the arbitrator, not any court, shall exclusively determine all issues or arbitral jurisdiction and validity of this Agreement; (d) the arbitrator does not have the power to award, nor shall the arbitrator award,
any punitive, indirect or consequential damages (however denominated); (e) each Party shall bear its own costs of legal representation and witness (fact and expert) expenses; (f) the arbitrator must render a reasoned award, detailing the
findings of fact and conclusions of Law upon which it is based, in writing within ninety (90) days after the conclusion of the arbitration hearing; and (g) the decision and/or award is final and binding on the Parties, and judgment upon an
award may be entered in any court of competent jurisdiction. 
 Section 6.19 Conflict of Interest. No director, employee, or
agent of either Party will give or receive any commission, fee, rebate, gift, or entertainment of significant cost or value in connection with this Agreement. During the term of this Agreement and for two years after termination of this Agreement,
any representatives authorized by either Party may audit the applicable records of the other Party solely for the purpose of determining whether there has been compliance with this provision. In the event a Party violates this Section, the
non-violating Party may, at its sole option, terminate this Agreement. The provisions of this Section will survive termination of this Agreement. 
 Section 6.20 Headings. The descriptive headings of the several Articles and Sections of this Agreement are inserted for convenience only and do not constitute a part of this Agreement.

  
 13 

 Section 6.21 Rules of Construction. Interpretation of this Agreement shall be governed by the
following rules of construction: (a) words in the singular shall be held to include the plural and vice versa, and words of one gender shall be held to include the other gender as the context requires; (b) references to the terms Article,
Section, paragraph and Schedule are references to the Articles, Sections, paragraphs and Schedules of this Agreement unless otherwise specified; (c) references to “$” shall mean U.S. dollars; (d) the word “including”
and words of similar import when used in this Agreement shall mean “including without limitation,” unless otherwise specified; (e) the word “or” shall not be exclusive; (f) references to “written” or “in
writing” include in electronic form; (g) provisions shall apply, when appropriate, to successive events and transactions; (h) Atlas and AHD have each participated in the negotiation and drafting of this Agreement and if an ambiguity
or question of interpretation should arise, this Agreement shall be construed as if drafted jointly by the Parties and no presumption or burden of proof shall arise favoring or burdening either Party by virtue of the authorship of any of the
provisions in this Agreement or any interim drafts of this Agreement; (i) a reference to any Person includes such Person’s successors and permitted assigns; (j) any reference to “days” means calendar days unless business
days are expressly specified; and (k) when calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to this Agreement, the date that is the reference date in calculating such
period shall be excluded, if the last day of such period is not a business day, the period shall end on the next succeeding business day. 

Section 6.22 Counterparts. This Agreement may be executed in one or more counterparts, and by each Party in separate counterparts, each of
which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or portable document format
(PDF) shall be as effective as delivery of a manually executed counterpart of this Agreement. 

  
 14 

 IN WITNESS WHEREOF, this Petro-Technical Services Agreement has been duly executed and
delivered by each Party as of the date first above written. 
  

					
	ATLAS ENERGY, INC.
		
	By:	 	/s/ Jonathan Z. Cohen
		 	Name:	 	Jonathan Z. Cohen
		 	Title:	 	Vice Chairman
	
	 ATLAS PIPELINE HOLDINGS, L.P. 

		
	By:	 	Atlas Pipeline Holdings GP, LLC, its general partner
		
	By:	 	/s/ Eugene N. Dubay
		 	Name:	 	Eugene N. Dubay
		 	Title:	 	President and Chief Executive Officer

PETRO-TECHNICAL SERVICES AGREEMENT 
 SIGNATURE PAGE 

 SCHEDULE 1.1 

PETRO-TECHNICAL WELLS  
 *** 
 PETRO-TECHNICAL SERVICES AGREEMENT 

SCHEDULE 1.1 

  
 i 

 SCHEDULE 2.1 

PETRO-TECHNICAL SERVICES  
 The Petro-Technical Services to be performed pursuant to this Agreement are limited to the following professional consulting activities for the Petro-Technical Wells, as requested by AHD pursuant to the
below procedure, in connection with oil and/or gas wells to be drilled by AHD during the term of this Agreement: 
 (1) planning for the
drilling of a well, including geologic and geophysical services; 
 (2) designing a well and related production, tankage and gathering
facilities; 
 (3) drilling a well; 
 (4) stimulating a well, including the hydraulic fracture thereof; 
 (5) completing a
well; 
 (6) equipping a well for production, including production, tankage and gathering facilities; and 

(7) such other professional services and duties as are customarily and ordinarily required in the regular course of planning, designing, drilling,
stimulating, completing and equipping oil and/or gas wells. 
 In the event AHD wishes to procure any or all of the foregoing Petro-Technical
Services, AHD shall provide Atlas a written, detailed scope of work for the specific activity(ies) AHD wishes to conduct. Within fifteen (15) business days from receipt of the scope of work, Atlas shall provide AHD a written work order
detailing the Petro-Technical Services to be performed pursuant to the scope of work and this Agreement. Unless AHD provides Atlas any written objection or clarification within five (5) business days, Atlas shall commence the performance of the
requested Petro-Technical Services pursuant to the terms of this Agreement. 
 PETRO-TECHNICAL SERVICES AGREEMENT 

SCHEDULE 2.1 

  
 ii 

 SCHEDULE 2.5 

INITIAL PROJECT MANAGERS  
 For Atlas: 
 For Pennsylvania — Greg Muse 

For Michigan — Phil Koro 
 For AHD:
Jeffrey Simmons 
 INITIAL PROJECT MANAGERS 
 SCHEDULE 2.5 

  
 iiiBase Contract for Sale and Purchase of Natural Gas

 Exhibit 10.12(a) 

BASE CONTRACT FOR SALE AND PURCHASE OF NATURAL GAS DATED AS OF 

NOVEMBER 8, 2010 BETWEEN CHEVRON NATURAL GAS, A DIVISION OF CHEVRON 

U.S.A. INC. AND ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC, AND 

RESOURCE ENERGY, LLC. SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN 

REDACTED, AS MARKED BY THREE ASTERISKS (***), BECAUSE CONFIDENTIAL 

TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED 
 MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE 

COMMISSION. 

[Redacted Copy] 
 Specific terms in this exhibit have been redacted, as marked by three asterisks (***), because 
 confidential 
 treatment for those terms has been requested. The redacted
material has been separately filed 
 with the 
 Securities and Exchange Commission. 
 BASE CONTRACT FOR SALE AND PURCHASE
OF NATURAL GAS 
 DATED AS OF NOVEMBER 8, 2010 

between 

CHEVRON NATURAL GAS, A DIVISION OF CHEVRON U.S.A. INC. 
 and 
 ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC, 

AND RESOURCE ENERGY, LLC 

 Base Contract for Sale and Purchase of Natural Gas 

This Base Contract is entered into as of the following date: November 8, 2010. The parties to this Base Contract are the following: 

 

					
	 Chevron Natural Gas, a division of Chevron USA Inc.
 P.O. Box 4700, Houston, Texas 77210
  
	  	and	  	 ATLAS RESOURCES, LLC, VIKING

RESOURCES, LLC and RESOURCE
 ENERGY, LLC 1845
Walnut Street,
 Suite 1000. Philadelphia, PA 19103

	Duns
Number:                                        
    	  		  	Duns
Number:                                        
                    
	Contract
Number:                                        
        	  		  	Contract Number:
                                        
                      
	U.S. Federal Tax ID
Number:                                        
            	  		  	U.S. Federal Tax ID
Number:                                        
        
			
	Notices:	  		  	
	Chevron Natural Gas, a division of Chevron USA Inc.	  		  	  

	Attn: Contract Administration	  		  	Attn: James B. Toth, Gas Marketing
	Phone:                         
        Fax:                         	  		  	Phone:                         
        Fax:                         
			
	Confirmations:	  		  	
	Chevron Natural Gas, a division of Chevron USA Inc.	  		  	Same as above
	Attn: Confirmation Department	  		  	Attn:
                                        
                
	Phone:                         
        Fax:                         	  		  	Phone:                        
        Fax:                        
			
	Invoices and Payments:	  		  	
	Chevron Natural Gas, a division of Chevron USA Inc.	  		  	Same as above
	Attn: NAFSC — Gas Marketing Accounting	  		  	Attn:
                                        
                
	  
	  		  	  

	Phone:                        
        Fax:                        	  		  	Phone:                        
        Fax:                        
		  		  	
			
	Wire Transfer or ACH Numbers (if applicable):	  		  	
	BANK:
                                         
                           BANK:	  		  	
	ABA:                             
           	  		  	ABA:                             
                   
	ACCT:                             
               	  		  	ACCT:                             
                       
	  
	  		  	Other
Details:                                       
                     

This Base Contract incorporates by reference for all purposes the General Terms and Conditions for Sale and Purchase of Natural Gas published by the
North American Energy Standards Board. The parties hereby agree to the following provisions offered in said General Terms and Conditions. In the event the parties fail to check a box, the specified default provision shall apply. Select only one
box from each section:  
  

											
	Section 1.2	  	þ	  	Oral (default)	  	Section 7.2	  	þ	  	25th Day of Month following Month of delivery (default)
	Transaction Procedure	  	 ̈	  	Written	  	Payment Date	  	 ̈	  	_____ Day of Month following Month of delivery
	Section 2.5	  	þ	  	2 Business Days after receipt (default)	  	Section 7.2	  	þ	  	Wire transfer (default)
	Confirm Deadline	  	 ̈	  	_____ Business Days after receipt	  	Method of Payment	  	 ̈	  	Automated Clearinghouse Credit (ACH)

											
		  		  		  		  	 ̈	 	Check
	Section 2.6	  	 ̈	  	Seller (default)	  	Section 7.7	  	þ	 	Netting applies (default)
	Confirming	  	 ̈	  	Buyer	  	Netting	  	 ̈	 	Netting does not apply
	Party	  	þ	  	Chevron Natural Gas, a division of CUSA	  		  		 	
	Section 3.2	  	 ̈	  	Cover Standard (default)	  	Section 10.3.1	  	þ	 	Early Termination Damages Apply (default)
	Performance Obligation	  	þ	  	Spot Price Standard	  	Early Termination Damages	  	 ̈	 	Early Termination Damages Do Not Apply
	Note: The following Spot Price Publication applies to both of the immediately preceding.	  	Section 10.3.2 Other Agreement Setoffs	  	þ
 ̈	 	Other Agreement Setoffs Apply (default) Other Agreement Setoffs Do Not Apply
	Section 2.26	  	þ	  	Gas Daily Midpoint (default)	  	Section 14.5	  		 	
	Spot Price Publication	  	 ̈	  	  
	  	Choice Of Law	  		 	New York
		  		  		  		  		 	
	Section 6	  	þ	  	Buyer Pays At and After Delivery Point (default)	  	Section 14.10	  	þ	 	Confidentiality applies (default)
	Taxes	  	 ̈	  	Seller Pays Before and At Delivery Point	  	Confidentiality	  	 ̈	 	Confidentiality does not apply
	þ Special Provisions Number of sheets attached:	  		  		 	
	 ̈ Addendum(s):	  	 

 IN WITNESS WHEREOF,
the parties hereto have executed this Base Contract in duplicate. 
  

									
	Chevron Natural Gas, a division of Chevron U.S.A. Inc.	 	 	 	 ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC
 RESOURCE ENERGY, LLC (severally and not jointly)

					
	By	 	/s/ E J Ellzey	 		 	By	 	/s/ Matthew A. Jones
	Name:	 	E.J. Ellzey	 		 	Name:	 	Matthew A. Jones
	Title:	 	Attorney-in-Fact	 		 	Title:	 	Chief Financial Officer
		
	Copyright © 2002 North American
Energy Standards Board, Inc.	 	NAESB Standard 6.3.1
	All Rights Reserved	 	April 19, 2002

 General Terms and Conditions 

Base Contract for Sale and Purchase of Natural Gas 
 SECTION 1. PURPOSE AND PROCEDURES 
 1.1. These General Terms and Conditions are intended to
facilitate purchase and sale transactions of Gas on a Firm or Interruptible basis. “Buyer” refers to the party receiving Gas and “Seller” refers to the party delivering Gas. The entire agreement between the parties shall be the
Contract as defined in Section 2.7. 
 The parties have selected either the “Oral Transaction Procedure” or the “Written
Transaction Procedure” as indicated on the Base Contract. 
 Oral Transaction Procedure: 

1.2. The parties will use the following Transaction Confirmation procedure. Any Gas purchase and sale transaction may be effectuated in an EDI
transmission or telephone conversation with the offer and acceptance constituting the agreement of the parties. The parties shall be legally bound from the time they so agree to transaction terms and may each rely thereon. Any such transaction shall
be considered a “writing” and to have been “signed”. Notwithstanding the foregoing sentence, the parties agree that Confirming Party shall, and the other party may, confirm a telephonic transaction by sending the other party a
Transaction Confirmation by facsimile, EDI or mutually agreeable electronic means within three Business Days of a transaction covered by this Section 1.2 (Oral Transaction Procedure) provided that the failure to send a Transaction Confirmation
shall not invalidate the oral agreement of the parties. Confirming Party adopts its confirming letterhead, or the like, as its signature on any Transaction Confirmation as the identification and authentication of Confirming Party. If the Transaction
Confirmation contains any provisions other than those relating to the commercial terms of the transaction (i.e., price, quantity, performance obligation, delivery point, period of delivery and/or transportation conditions), which modify or
supplement the Base Contract or General Terms and Conditions of this Contract (e.g., arbitration or additional representations and warranties), such provisions shall not be deemed to be accepted pursuant to Section 1.3 but must be expressly
agreed to by both parties; provided that the foregoing shall not invalidate any transaction agreed to by the parties. 
 Written Transaction
Procedure: 
 1.2. The parties will use the following Transaction Confirmation procedure. Should the parties come to an agreement regarding a
Gas purchase and sale transaction for a particular Delivery Period, the Confirming Party shall, and the other party may, record that agreement on a Transaction Confirmation and communicate such Transaction Confirmation by facsimile, EDI or mutually
agreeable electronic means, to the other party by the close of the Business Day following the date of agreement. The parties acknowledge that their agreement will not be binding until the exchange of nonconflicting Transaction Confirmations or the
passage of the Confirm Deadline without objection from the receiving party, as provided in Section 1.3. 
 1.3. If a sending party’s
Transaction Confirmation is materially different from the receiving party’s understanding of the agreement referred to in Section 1.2, such receiving party shall notify the sending party via facsimile, EDI or mutually agreeable electronic
means by the Confirm Deadline, unless such receiving party has previously sent a Transaction Confirmation to the sending party. The failure of the receiving party to so notify the sending party in writing by the Confirm Deadline constitutes the
receiving party’s agreement to the terms of the transaction described in the sending party’s Transaction Confirmation. If there are any material differences between timely sent Transaction Confirmations governing the same transaction, then
neither Transaction Confirmation shall be binding until or unless such differences are resolved including the use of any evidence that clearly resolves the differences in the Transaction Confirmations. In the event of a conflict among the terms of
(i) a binding Transaction Confirmation pursuant to Section 1.2, (ii) the oral agreement of the parties which may be evidenced by a recorded conversation, where the parties have selected the Oral Transaction Procedure of the Base
Contract, (iii) the Base Contract, and (iv) these General Terms and Conditions, the terms of the documents shall govern in the priority listed in this sentence. 
 1.4. The parties agree that each party may electronically record all telephone conversations with respect to this Contract between their respective employees, without any special or further notice to the
other party. Each party shall obtain any necessary consent of its agents and employees to such recording. Where the parties have selected the Oral Transaction Procedure in Section 1.2 of the Base Contract, the parties agree not to contest the
validity or enforceability of telephonic recordings entered into in accordance with the requirements of this Base Contract. However, nothing herein shall be construed as a waiver of any objection to the admissibility of such evidence. 

SECTION 2. DEFINITIONS 
 The terms set forth
below shall have the meaning ascribed to them below. Other terms are also defined elsewhere in the Contract and shall have the meanings ascribed to them herein. 
 2.1. “Alternative Damages” shall mean such damages, expressed in dollars or dollars per MMBtu, as the parties shall agree upon in the Transaction Confirmation, in the event either Seller or
Buyer fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer. 
 2.2. “Base
Contract” shall mean a contract executed by the parties that incorporates these General Terms and Conditions by reference; that specifies the agreed selections of provisions contained herein; and that sets forth other information required
herein and any Special Provisions and addendum(s) as identified on page one. 
 2.3. “British thermal unit” or “Btu” shall
mean the International BTU, which is also called the Btu (IT). 
  

			
	 Copyright © 2002 North American Energy
 Standards Board,
Inc.
	  	NAESB Standard 6.3.1
	All Rights Reserved	  	April 19, 2002

  
 Page 2 of 10

 2.4. “Business Day” shall mean any day except Saturday, Sunday or Federal Reserve Bank holidays.

 2.5. “Confirm Deadline” shall mean 5:00 p.m. in the receiving party’s time zone on the second Business Day following the Day a
Transaction Confirmation is received or, if applicable, on the Business Day agreed to by the parties in the Base Contract; provided, if the Transaction Confirmation is time stamped after 5:00 p.m. in the receiving party’s time zone, it shall be
deemed received at the opening of the next Business Day. 
 2.6. “Confirming Party” shall mean the party designated in the Base
Contract to prepare and forward Transaction Confirmations to the other party. 
 2.7. “Contract” shall mean the legally-binding
relationship established by (i) the Base Contract, (ii) any and all binding Transaction Confirmations and (iii) where the parties have selected the Oral Transaction Procedure in Section 1.2 of the Base Contract, any and all
transactions that the parties have entered into through an EDI transmission or by telephone, but that have not been confirmed in a binding Transaction Confirmation. 
 2.8. “Contract Price” shall mean the amount expressed in U.S. Dollars per MMBtu to be paid by Buyer to Seller for the purchase of Gas as agreed to by the parties in a transaction. 

2.9. “Contract Quantity” shall mean the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction. 

2.10. “Cover Standard”, as referred to in Section 3.2, shall mean that if there is an unexcused failure to take or deliver any quantity of
Gas pursuant to this Contract, then the performing party shall use commercially reasonable efforts to (i) if Buyer is the performing party, obtain Gas, (or an alternate fuel if elected by Buyer and replacement Gas is not available), or
(ii) if Seller is the performing party, sell Gas, in either case, at a price reasonable for the delivery or production area, as applicable, consistent with: the amount of notice provided by the nonperforming party; the immediacy of the
Buyer’s Gas consumption needs or Seller’s Gas sales requirements, as applicable; the quantities involved; and the anticipated length of failure by the nonperforming party. 
 2.11. “Credit Support Obligation(s)” shall mean any obligation(s) to provide or establish credit support for, or on behalf of, a party to this Contract such as an irrevocable standby letter of
credit, a margin agreement, a prepayment, a security interest in an asset, a performance bond, guaranty, or other good and sufficient security of a continuing nature. 
 2.12. “Day” shall mean a period of 24 consecutive hours, coextensive with a “day” as defined by the Receiving Transporter in a particular transaction. 

2.13. “Delivery Period” shall be the period during which deliveries are to be made as agreed to by the parties in a transaction. 

2.14. “Delivery Point(s)” shall mean such point(s) as are agreed to by the parties in a transaction. 

2.15. “EDI” shall mean an electronic data interchange pursuant to an agreement entered into by the parties, specifically relating to the
communication of Transaction Confirmations under this Contract. 
 2.16. “EFP” shall mean the purchase, sale or exchange of natural
Gas as the “physical” side of an exchange for physical transaction involving gas futures contracts. EFP shall incorporate the meaning and remedies of “Firm”, provided that a party’s excuse for nonperformance of its
obligations to deliver or receive Gas will be governed by the rules of the relevant futures exchange regulated under the Commodity Exchange Act. 
 2.17. “Firm” shall mean that either party may interrupt its performance without liability only to the extent that such performance is prevented for reasons of Force Majeure; provided, however,
that during Force Majeure interruptions, the party invoking Force Majeure may be responsible for any Imbalance Charges as set forth in Section 4.3 related to its interruption after the nomination is made to the Transporter and until the change
in deliveries and/or receipts is confirmed by the Transporter. 
 2.18. “Gas” shall mean any mixture of hydrocarbons and
noncombustible gases in a gaseous state consisting primarily of methane. 
 2.19. “Imbalance Charges” shall mean any fees, penalties,
costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the Transporter’s balance and/or nomination requirements. 
 2.20. “Interruptible” shall mean that either party may interrupt its performance at any time for any reason, whether or not caused by an event of Force Majeure, with no liability, except such
interrupting party may be responsible for any Imbalance Charges as set forth in Section 4.3 related to its interruption after the nomination is made to the Transporter and until the change in deliveries and/or receipts is confirmed by
Transporter. 
 2.21. “MMBtu” shall mean one million British thermal units, which is equivalent to one dekatherm. 

2.22. “Month” shall mean the period beginning on the first Day of the calendar month and ending immediately prior to the commencement of the
first Day of the next calendar month. 
 2.23. “Payment Date” shall mean a date, as indicated on the Base Contract, on or before which
payment is due Seller for Gas received by Buyer in the previous Month. 
 2.24. “Receiving Transporter” shall mean the Transporter
receiving Gas at a Delivery Point, or absent such receiving Transporter, the Transporter delivering Gas at a Delivery Point. 
 2.25.
“Scheduled Gas” shall mean the quantity of Gas confirmed by Transporter(s) for movement, transportation or management. 
 2.26.
“Spot Price “ as referred to in Section 3.2 shall mean the price listed in the publication indicated on the Base Contract, under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) for the
relevant Day; provided, if there is no single price published for such location for such Day, but there is published a range of prices, then the Spot Price shall be the average of such high and low prices. If no price or range of prices is published
for such Day, then the Spot Price shall be the average of the following: (i) the price (determined as stated above) for the first Day for which a price or range of prices is published that next precedes the relevant Day; and (ii) the price
(determined as stated above) for the first Day for which a price or range of prices is published that next follows the relevant Day. 
  

			
	Copyright © 2002 North American
Energy	  	NAESB Standard 6.3.1
	Standards Board, Inc.	  	 
	All Rights Reserved	  	April 19, 2002

  
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 2.27. “Transaction Confirmation” shall mean a document, similar to the form of Exhibit A,
setting forth the terms of a transaction formed pursuant to Section 1 for a particular Delivery Period. 
 2.28. “Termination
Option” shall mean the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of
days during a period as specified on the applicable Transaction Confirmation. 
 2.29. “Transporter(s)” shall mean all Gas gathering
or pipeline companies, or local distribution companies, acting in the capacity of a transporter, transporting Gas for Seller or Buyer upstream or downstream, respectively, of the Delivery Point pursuant to a particular transaction. 

SECTION 3. PERFORMANCE OBLIGATION 
 3.1. Seller
agrees to sell and deliver, and Buyer agrees to receive and purchase, the Contract Quantity for a particular transaction in accordance with the terms of the Contract. Sales and purchases will be on a Firm or Interruptible basis, as agreed to by the
parties in a transaction. 
 The parties have selected either the “Cover Standard” or the “Spot Price Standard” as
indicated on the Base Contract. 
 Cover Standard: 
 3.2. The sole and exclusive remedy of the parties in the event of a breach of a Firm obligation to deliver or receive Gas shall be recovery of the following: (i) in the event of a breach by Seller on
any Day(s), payment by Seller to Buyer in an amount equal to the positive difference, if any, between the purchase price paid by Buyer utilizing the Cover Standard and the Contract Price, adjusted for commercially reasonable differences in
transportation costs to or from the Delivery Point(s), multiplied by the difference between the Contract Quantity and the quantity actually delivered by Seller for such Day(s); or (ii) in the event of a breach by Buyer on any Day(s), payment by
Buyer to Seller in the amount equal to the positive difference, if any, between the Contract Price and the price received by Seller utilizing the Cover Standard for the resale of such Gas, adjusted for commercially reasonable differences in
transportation costs to or from the Delivery Point(s), multiplied by the difference between the Contract Quantity and the quantity actually taken by Buyer for such Day(s); or (iii) in the event that Buyer has used commercially reasonable
efforts to replace the Gas or Seller has used commercially reasonable efforts to sell the Gas to a third party, and no such replacement or sale is available, then the sole and exclusive remedy of the performing party shall be any unfavorable
difference between the Contract Price and the Spot Price, adjusted for such transportation to the applicable Delivery Point, multiplied by the difference between the Contract Quantity and the quantity actually delivered by Seller and received by
Buyer for such Day(s). Imbalance Charges shall not be recovered under this Section 3.2, but Seller and/or Buyer shall be responsible for Imbalance Charges, if any, as provided in Section 4.3. The amount of such unfavorable difference shall
be payable five Business Days after presentation of the performing party’s invoice, which shall set forth the basis upon which such amount was calculated. 
 Spot Price Standard: 
 3.2. The sole and exclusive remedy of the parties in the event of a
breach of a Firm obligation to deliver or receive Gas shall be recovery of the following: (i) in the event of a breach by Seller on any Day(s), payment by Seller to Buyer in an amount equal to the difference between the Contract Quantity and
the actual quantity delivered by Seller and received by Buyer for such Day(s), multiplied by the positive difference, if any, obtained by subtracting the Contract Price from the Spot Price; or (ii) in the event of a breach by Buyer on any
Day(s), payment by Buyer to Seller in an amount equal to the difference between the Contract Quantity and the actual quantity delivered by Seller and received 
 by Buyer for such Day(s), multiplied by the positive difference, if any, obtained by subtracting the applicable Spot Price from the Contract Price. Imbalance Charges shall not be recovered under this
Section 3.2, but Seller and/or Buyer shall be responsible for Imbalance Charges, if any, as provided in Section 4.3. The amount of such unfavorable difference shall be payable five Business Days after presentation of the performing
party’s invoice, which shall set forth the basis upon which such amount was calculated. 
 3.3. Notwithstanding Section 3.2, the
parties may agree to Alternative Damages in a Transaction Confirmation executed in writing by both parties. 
 3.4. In addition to
Sections 3.2 and 3.3, the parties may provide for a Termination Option in a Transaction Confirmation executed in writing by both parties. The Transaction Confirmation containing the Termination Option will designate the length of nonperformance
triggering the Termination Option and the procedures for exercise thereof, how damages for nonperformance will be compensated, and how liquidation costs will be calculated. 
 SECTION 4. TRANSPORTATION, NOMINATIONS, AND IMBALANCES 
 4.1. Seller shall have the sole
responsibility for transporting the Gas to the Delivery Point(s). Buyer shall have the sole responsibility for transporting the Gas from the Delivery Point(s). 
 4.2. The parties shall coordinate their nomination activities, giving sufficient time to meet the deadlines of the affected Transporter(s). Each party shall give the other party timely prior Notice,
sufficient to meet the requirements of all Transporter(s) involved in the transaction, of the quantities of Gas to be delivered and purchased each Day. Should either party become aware that actual deliveries at the Delivery Point(s) are greater or
lesser than the Scheduled Gas, such party shall promptly notify the other party. 
  

			
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 4.3. The parties shall use commercially reasonable efforts to avoid imposition of any Imbalance Charges. If
Buyer or Seller receives an invoice from a Transporter that includes Imbalance Charges, the parties shall determine the validity as well as the cause of such Imbalance Charges. If the Imbalance Charges were incurred as a result of Buyer’s
receipt of quantities of Gas greater than or less than the Scheduled Gas, then Buyer shall pay for such Imbalance Charges or reimburse Seller for such Imbalance Charges paid by Seller. If the Imbalance Charges were incurred as a result of
Seller’s delivery of quantities of Gas greater than or less than the Scheduled Gas, then Seller shall pay for such Imbalance Charges or reimburse Buyer for such Imbalance Charges paid by Buyer. 

SECTION 5. QUALITY AND MEASUREMENT 
 All Gas
delivered by Seller shall meet the pressure, quality and heat content requirements of the Receiving Transporter. The unit of quantity measurement for purposes of this Contract shall be one MMBtu dry. Measurement of Gas quantities hereunder shall be
in accordance with the established procedures of the Receiving Transporter. 
 SECTION 6. TAXES 

The parties have selected either “Buyer Pays At and After Delivery Point” or “Seller Pays Before and At Delivery Point” as
indicated on the Base Contract. 
 Buyer Pays At and After Delivery Point: 
 Seller shall pay or cause to be paid all taxes, fees, levies, penalties, licenses or charges imposed by any government authority (“Taxes”) on or with respect to the Gas prior to the Delivery
Point(s). Buyer shall pay or cause to be paid all Taxes on or with respect to the Gas at the Delivery Point(s) and all Taxes after the Delivery Point(s). If a party is required to remit or pay Taxes that are the other party’s responsibility
hereunder, the party responsible for such Taxes shall promptly reimburse the other party for such Taxes. Any party entitled to an exemption from any such Taxes or charges shall furnish the other party any necessary documentation thereof. 

Seller Pays Before and At Delivery Point: 

Seller shall pay or cause to be paid all taxes, fees, levies, penalties, licenses or charges imposed by any government authority (“Taxes”) on or
with respect to the Gas prior to the Delivery Point(s) and all Taxes at the Delivery Point(s). Buyer shall pay or cause to be paid all Taxes on or with respect to the Gas after the Delivery Point(s). If a party is required to remit or pay Taxes that
are the other party’s responsibility hereunder, the party responsible for such Taxes shall promptly reimburse the other party for such Taxes. Any party entitled to an exemption from any such Taxes or charges shall furnish the other party any
necessary documentation thereof. 
 SECTION 7. BILLING, PAYMENT, AND AUDIT 
 7.1. Seller shall invoice Buyer for Gas delivered and received in the preceding Month and for any other applicable charges, providing supporting documentation acceptable in industry practice to support
the amount charged. If the actual quantity delivered is not known by the billing date, billing will be prepared based on the quantity of Scheduled Gas. The invoiced quantity will then be adjusted to the actual quantity on the following Month’s
billing or as soon thereafter as actual delivery information is available. 
 7.2. Buyer shall remit the amount due under Section 7.1 in
the manner specified in the Base Contract, in immediately available funds, on or before the later of the Payment Date or 10 Days after receipt of the invoice by Buyer; provided that if the Payment Date is not a Business Day, payment is due on the
next Business Day following that date. In the event any payments are due Buyer hereunder, payment to Buyer shall be made in accordance with this Section 7.2. 
 7.3. In the event payments become due pursuant to Sections 3.2 or 3.3, the performing party may submit an invoice to the nonperforming party for an accelerated payment setting forth the basis upon
which the invoiced amount was calculated. Payment from the nonperforming party will be due five Business Days after receipt of invoice. 
 7.4.
If the invoiced party, in good faith, disputes the amount of any such invoice or any part thereof, such invoiced party will pay such amount as it concedes to be correct; provided, however, if the invoiced party disputes the amount due, it must
provide supporting documentation acceptable in industry practice to support the amount paid or disputed. In the event the parties are unable to resolve such dispute, either party may pursue any remedy available at law or in equity to enforce its
rights pursuant to this Section. 
 7.5. If the invoiced party fails to remit the full amount payable when due, interest on the unpaid portion
shall accrue from the date due until the date of payment at a rate equal to the lower of (i) the then-effective prime rate of interest published under “Money Rates” by The Wall Street Journal, plus two percent per annum; or
(ii) the maximum applicable lawful interest rate. 
 7.6. A party shall have the right, at its own expense, upon reasonable Notice and at
reasonable times, to examine and audit and to obtain copies of the relevant portion of the books, records, and telephone recordings of the other party only to the extent reasonably necessary to verify the accuracy of any statement, charge, payment,
or computation made under the Contract. This right to examine, audit, and to obtain copies shall not be available with respect to proprietary information not directly relevant to transactions under this Contract. All invoices and billings shall be
conclusively presumed final and accurate and all associated claims for under- or overpayments shall be deemed waived unless such invoices or billings are objected to in writing, with adequate explanation and/or documentation, within two years after
the Month of Gas delivery. All retroactive adjustments under Section 7 shall be paid in full by the party owing payment within 30 Days of Notice and substantiation of such inaccuracy. 
 7.7. Unless the parties have elected on the Base Contract not to make this Section 7.7 applicable to this Contract, the parties shall net all undisputed amounts due and owing, and/or past due,
arising under the Contract such that the party owing the greater amount shall make a single payment of the net amount to the other party in accordance with Section 7; provided that no payment required to be made pursuant to the terms of any
Credit Support Obligation or pursuant to Section 7.3 shall be subject to netting under this Section. If the parties have executed a separate netting agreement, the terms and conditions therein shall prevail to the extent inconsistent herewith.

  

			
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Energy	  	NAESB Standard 6.3.1
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	All Rights Reserved	  	April 19, 2002

  
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 SECTION 8. TITLE, WARRANTY, AND INDEMNITY 
 8.1. Unless otherwise specifically agreed, title to the Gas shall pass from Seller to Buyer at the Delivery Point(s). Seller shall have responsibility for and assume any liability with respect to the Gas
prior to its delivery to Buyer at the specified Delivery Point(s). Buyer shall have responsibility for and any liability with respect to said Gas after its delivery to Buyer at the Delivery Point(s). 

8.2. Seller warrants that it will have the right to convey and will transfer good and merchantable title to all Gas sold hereunder and delivered by it to
Buyer, free and clear of all liens, encumbrances, and claims. EXCEPT AS PROVIDED IN THIS SECTION 8.2 AND IN SECTION 14.8, ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR OF FITNESS FOR ANY PARTICULAR PURPOSE,
ARE DISCLAIMED. 
 8.3. Seller agrees to indemnify Buyer and save it harmless from all losses, liabilities or claims including reasonable
attorneys’ fees and costs of court (“Claims”), from any and all persons, arising from or out of claims of title, personal injury or property damage from said Gas or other charges thereon which attach before title passes to Buyer.
Buyer agrees to indemnify Seller and save it harmless from all Claims, from any and all persons, arising from or out of claims regarding payment, personal injury or property damage from said Gas or other charges thereon which attach after title
passes to Buyer. 
 8.4. Notwithstanding the other provisions of this Section 8, as between Seller and Buyer, Seller will be liable for all
Claims to the extent that such arise from the failure of Gas delivered by Seller to meet the quality requirements of Section 5. 
 SECTION
9. NOTICES 
 9.1. All Transaction Confirmations, invoices, payments and other communications made pursuant to the Base Contract
(“Notices”) shall be made to the addresses specified in writing by the respective parties from time to time. 
 9.2. All Notices
required hereunder may be sent by facsimile or mutually acceptable electronic means, a nationally recognized overnight courier service, first class mail or hand delivered. 
 9.3. Notice shall be given when received on a Business Day by the addressee. In the absence of proof of the actual receipt date, the following presumptions will apply. Notices sent by facsimile shall be
deemed to have been received upon the sending party’s receipt of its facsimile machine’s confirmation of successful transmission. If the day on which such facsimile is received is not a Business Day or is after five p.m. on a Business Day,
then such facsimile shall be deemed to have been received on the next following Business Day. Notice by overnight mail or courier shall be deemed to have been received on the next Business Day after it was sent or such earlier time as is confirmed
by the receiving party. Notice via first class mail shall be considered delivered five Business Days after mailing. 
 SECTION 10. FINANCIAL
RESPONSIBILITY 
 10.1. If either party (“X”) has reasonable grounds for insecurity regarding the performance of any obligation under
this Contract (whether or not then due) by the other party (“Y”) (including, without limitation, the occurrence of a material change in the creditworthiness of Y), X may demand Adequate Assurance of Performance. “Adequate Assurance of
Performance” shall mean sufficient security in the form, amount and for the term reasonably acceptable to X, including, but not limited to, a standby irrevocable letter of credit, a prepayment, a security interest in an asset or a performance
bond or guaranty (including the issuer of any such security). 
 10.2. In the event (each an “Event of Default”) either party (the
“Defaulting Party”) or its guarantor shall: (i) make an assignment or any general arrangement for the benefit of creditors; (ii) file a petition or otherwise commence, authorize, or acquiesce in the commencement of a proceeding
or case under any bankruptcy or similar law for the protection of creditors or have such petition filed or proceeding commenced against it; (iii) otherwise become bankrupt or insolvent (however evidenced); (iv) be unable to pay its debts
as they fall due; (v) have a receiver, provisional liquidator, conservator, custodian, trustee or other similar official appointed with respect to it or substantially all of its assets; (vi) fail to perform any obligation to the other
party with respect to any Credit Support Obligations relating to the Contract; (vii) fail to give Adequate Assurance of Performance under Section 10.1 within 48 hours but at least one Business Day of a written request by the other party;
or (viii) not have paid any amount due the other party hereunder on or before the second Business Day following written Notice that such payment is due; then the other party (the “Non-Defaulting Party”) shall have the right, at its
sole election, to immediately withhold and/or suspend deliveries or payments upon Notice and/or to terminate and liquidate the transactions under the Contract, in the manner provided in Section 10.3, in addition to any and all other remedies
available hereunder. 
 10.3. If an Event of Default has occurred and is continuing, the Non-Defaulting Party shall have the right, by Notice to
the Defaulting Party, to designate a Day, no earlier than the Day such Notice is given and no later than 20 Days after such Notice is given, as an early termination date (the “Early Termination Date”) for the liquidation and termination
pursuant to Section 10.3.1 of all transactions under the Contract, each a “Terminated Transaction”. On the Early Termination Date, all transactions will terminate, other than those transactions, if any, that may not be liquidated and
terminated under applicable law or that are, in the reasonable opinion of the Non-Defaulting Party, commercially impracticable to liquidate and terminate (“Excluded Transactions”), which Excluded Transactions must be liquidated and
terminated as soon thereafter as is reasonably practicable, and upon termination shall be a Terminated Transaction and be valued consistent with Section 10.3.1 below. With respect to each Excluded Transaction, its actual termination date shall
be the Early Termination Date for purposes of Section 10.3.1. 
  

			
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 The parties have selected either “Early Termination Damages Apply” or “Early Termination
Damages Do Not Apply” as indicated on the Base Contract. 
 Early Termination Damages Apply: 

10.3.1. As of the Early Termination Date, the Non-Defaulting Party shall determine, in good faith and in a commercially reasonable manner,
(i) the amount owed (whether or not then due) by each party with respect to all Gas delivered and received between the parties under Terminated Transactions and Excluded Transactions on and before the Early Termination Date and all other
applicable charges relating to such deliveries and receipts (including without limitation any amounts owed under Section 3.2), for which payment has not yet been made by the party that owes such payment under this Contract and (ii) the
Market Value, as defined below, of each Terminated Transaction. The Non-Defaulting Party shall (x) liquidate and accelerate each Terminated Transaction at its Market Value, so that each amount equal to the difference between such Market Value
and the Contract Value, as defined below, of such Terminated Transaction(s) shall be due to the Buyer under the Terminated Transaction(s) if such Market Value exceeds the Contract Value and to the Seller if the opposite is the case; and
(y) where appropriate, discount each amount then due under clause (x) above to present value in a commercially reasonable manner as of the Early Termination Date (to take account of the period between the date of liquidation and the date
on which such amount would have otherwise been due pursuant to the relevant Terminated Transactions). 
 For purposes of this
Section 10.3.1, “Contract Value” means the amount of Gas remaining to be delivered or purchased under a transaction multiplied by the Contract Price, and “Market Value” means the amount of Gas remaining to be delivered or
purchased under a transaction multiplied by the market price for a similar transaction at the Delivery Point determined by the Non-Defaulting Party in a commercially reasonable manner. To ascertain the Market Value, the Non-Defaulting Party may
consider, among other valuations, any or all of the settlement prices of NYMEX Gas futures contracts, quotations from leading dealers in energy swap contracts or physical gas trading markets, similar sales or purchases and any other bona fide
third-party offers, all adjusted for the length of the term and differences in transportation costs. A party shall not be required to enter into a replacement transaction(s) in order to determine the Market Value. Any extension(s) of the term of a
transaction to which parties are not bound as of the Early Termination Date (including but not limited to “evergreen provisions”) shall not be considered in determining Contract Values and Market Values. For the avoidance of doubt, any
option pursuant to which one party has the right to extend the term of a transaction shall be considered in determining Contract Values and Market Values. The rate of interest used in calculating net present value shall be determined by the
Non-Defaulting Party in a commercially reasonable manner. 
 Early Termination Damages Do Not Apply: 

10.3.1. As of the Early Termination Date, the Non-Defaulting Party shall determine, in good faith and in a commercially reasonable manner,
the amount owed (whether or not then due) by each party with respect to all Gas delivered and received between the parties under Terminated Transactions and Excluded Transactions on and before the Early Termination Date and all other applicable
charges relating to such deliveries and receipts (including without limitation any amounts owed under Section 3.2), for which payment has not yet been made by the party that owes such payment under this Contract. 

The parties have selected either “Other Agreement Setoffs Apply” or “Other Agreement Setoffs Do Not Apply” as indicated on the
Base Contract. 
 Other Agreement Setoffs Apply: 
 10.3.2. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a
single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party may setoff (i) any Net Settlement Amount owed to
the Non-Defaulting Party against any margin or other collateral held by it in connection with any Credit Support Obligation relating to the Contract; or (ii) any Net Settlement Amount payable to the Defaulting Party against any amount(s)
payable by the Defaulting Party to the Non-Defaulting Party under any other agreement or arrangement between the parties. 
 Other Agreement
Setoffs Do Not Apply: 
 10.3.2. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing
between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice to
the Defaulting Party, the Non-Defaulting Party may setoff any Net Settlement Amount owed to the Non-Defaulting Party against any margin or other collateral held by it in connection with any Credit Support Obligation relating to the Contract.

 10.3.3. If any obligation that is to be included in any netting, aggregation or setoff pursuant to Section 10.3.2 is
unascertained, the Non-Defaulting Party may in good faith estimate that obligation and net, aggregate or setoff, as applicable, in respect of the estimate, subject to the Non-Defaulting Party accounting to the Defaulting Party when the obligation is
ascertained. Any amount not then due which is included in any netting, aggregation or setoff pursuant to Section 10.3.2 shall be discounted to net present value in a commercially reasonable manner determined by the Non-Defaulting Party.

 10.4. As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the Net
Settlement Amount, and whether the Net Settlement Amount is due to or due from the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of such amount, provided that failure to give such
Notice shall not affect the validity or enforceability of the liquidation or give rise to any claim by the Defaulting Party against the Non-Defaulting Party. The Net Settlement Amount shall be paid by the close of business on the second Business Day
following such Notice, which date shall not be earlier than the Early Termination Date. Interest on any unpaid portion of the Net Settlement Amount shall accrue from the date due until the date of payment at a rate equal to the lower of (i) the
then-effective prime rate of interest published under “Money Rates” by The Wall Street Journal, plus two percent per annum; or (ii) the maximum applicable lawful interest rate. 

 

			
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 10.5. The parties agree that the transactions hereunder constitute a “forward contract” within the
meaning of the United States Bankruptcy Code and that Buyer and Seller are each “forward contract merchants” within the meaning of the United States Bankruptcy Code. 
 10.6. The Non-Defaulting Party’s remedies under this Section 10 are the sole and exclusive remedies of the Non-Defaulting Party with respect to the occurrence of any Early Termination Date. Each
party reserves to itself all other rights, setoffs, counterclaims and other defenses that it is or may be entitled to arising from the Contract. 
 10.7. With respect to this Section 10, if the parties have executed a separate netting agreement with close-out netting provisions, the terms and conditions therein shall prevail to the extent
inconsistent herewith. 
 SECTION 11. FORCE MAJEURE 
 11.1. Except with regard to a party’s obligation to make payment(s) due under Section 7, Section 10.4, and Imbalance Charges under Section 4, neither party shall be liable to the other
for failure to perform a Firm obligation, to the extent such failure was caused by Force Majeure. The term “Force Majeure” as employed herein means any cause not reasonably within the control of the party claiming suspension, as further
defined in Section 11.2. 
 11.2. Force Majeure shall include, but not be limited to, the following: (i) physical events such as acts
of God, landslides, lightning, earthquakes, fires, storms or storm warnings, such as hurricanes, which result in evacuation of the affected area, floods, washouts, explosions, breakage or accident or necessity of repairs to machinery or equipment or
lines of pipe; (ii) weather related events affecting an entire geographic region, such as low temperatures which cause freezing or failure of wells or lines of pipe; (iii) interruption and/or curtailment of Firm transportation and/or
storage by Transporters; (iv) acts of others such as strikes, lockouts or other industrial disturbances, riots, sabotage, insurrections or wars; and (v) governmental actions such as necessity for compliance with any court order, law,
statute, ordinance, regulation, or policy having the effect of law promulgated by a governmental authority having jurisdiction. Seller and Buyer shall make reasonable efforts to avoid the adverse impacts of a Force Majeure and to resolve the event
or occurrence once it has occurred in order to resume performance. 
 11.3. Neither party shall be entitled to the benefit of the provisions of
Force Majeure to the extent performance is affected by any or all of the following circumstances: (i) the curtailment of interruptible or secondary Firm transportation unless primary, in-path, Firm transportation is also curtailed;
(ii) the party claiming excuse failed to remedy the condition and to resume the performance of such covenants or obligations with reasonable dispatch; or (iii) economic hardship, to include, without limitation, Seller’s ability to
sell Gas at a higher or more advantageous price than the Contract Price, Buyer’s ability to purchase Gas at a lower or more advantageous price than the Contract Price, or a regulatory agency disallowing, in whole or in part, the pass through of
costs resulting from this Agreement; (iv) the loss of Buyer’s market(s) or Buyer’s inability to use or resell Gas purchased hereunder, except, in either case, as provided in Section 11.2; or (v) the loss or failure of
Seller’s gas supply or depletion of reserves, except, in either case, as provided in Section 11.2. The party claiming Force Majeure shall not be excused from its responsibility for Imbalance Charges. 

11.4. Notwithstanding anything to the contrary herein, the parties agree that the settlement of strikes, lockouts or other industrial disturbances shall
be within the sole discretion of the party experiencing such disturbance. 
 11.5. The party whose performance is prevented by Force Majeure
must provide Notice to the other party. Initial Notice may be given orally; however, written Notice with reasonably full particulars of the event or occurrence is required as soon as reasonably possible. Upon providing written Notice of Force
Majeure to the other party, the affected party will be relieved of its obligation, from the onset of the Force Majeure event, to make or accept delivery of Gas, as applicable, to the extent and for the duration of Force Majeure, and neither party
shall be deemed to have failed in such obligations to the other during such occurrence or event. 
 11.6. Notwithstanding Sections 11.2 and
11.3, the parties may agree to alternative Force Majeure provisions in a Transaction Confirmation executed in writing by both parties. 

SECTION 12. TERM 
 This Contract may be
terminated on 30 Day’s written Notice, but shall remain in effect until the expiration of the latest Delivery Period of any transaction(s). The rights of either party pursuant to Section 7.6 and Section 10, the obligations to make
payment hereunder, and the obligation of either party to indemnify the other, pursuant hereto shall survive the termination of the Base Contract or any transaction. 
 SECTION 13. LIMITATIONS 
 FOR BREACH OF ANY PROVISION FOR WHICH AN EXPRESS REMEDY OR MEASURE OF
DAMAGES IS PROVIDED, SUCH EXPRESS REMEDY OR MEASURE OF DAMAGES SHALL BE THE SOLE AND EXCLUSIVE REMEDY. A PARTY’S LIABILITY HEREUNDER SHALL BE LIMITED AS SET FORTH IN SUCH PROVISION, AND ALL OTHER REMEDIES OR DAMAGES AT LAW OR IN EQUITY ARE
WAIVED. IF NO REMEDY OR MEASURE OF DAMAGES IS EXPRESSLY PROVIDED HEREIN OR IN A TRANSACTION, A PARTY’S LIABILITY SHALL BE LIMITED TO DIRECT ACTUAL DAMAGES ONLY. SUCH DIRECT ACTUAL DAMAGES SHALL BE THE SOLE AND EXCLUSIVE REMEDY, AND ALL OTHER
REMEDIES OR DAMAGES AT LAW OR IN EQUITY ARE WAIVED. UNLESS EXPRESSLY HEREIN PROVIDED, NEITHER PARTY SHALL BE LIABLE FOR CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, BY
STATUTE, IN TORT OR CONTRACT, UNDER ANY INDEMNITY PROVISION OR OTHERWISE. IT IS THE INTENT OF THE PARTIES THAT THE LIMITATIONS HEREIN IMPOSED ON REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD TO THE CAUSE OR CAUSES RELATED THERETO, INCLUDING
THE NEGLIGENCE OF ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR CONCURRENT, OR ACTIVE OR PASSIVE. TO THE EXTENT ANY DAMAGES REQUIRED TO BE PAID HEREUNDER ARE LIQUIDATED, THE PARTIES ACKNOWLEDGE THAT THE DAMAGES ARE DIFFICULT OR IMPOSSIBLE TO
DETERMINE, OR OTHERWISE OBTAINING AN ADEQUATE REMEDY IS INCONVENIENT AND THE DAMAGES CALCULATED HEREUNDER CONSTITUTE A REASONABLE APPROXIMATION OF THE HARM OR LOSS. 
  

			
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 SECTION 14. MISCELLANEOUS 
 14.1. This Contract shall be binding upon and inure to the benefit of the successors, assigns, personal representatives, and heirs of the respective parties hereto, and the covenants, conditions, rights
and obligations of this Contract shall run for the full term of this Contract. No assignment of this Contract, in whole or in part, will be made without the prior written consent of the non-assigning party (and shall not relieve the assigning party
from liability hereunder), which consent will not be unreasonably withheld or delayed; provided, either party may (i) transfer, sell, pledge, encumber, or assign this Contract or the accounts, revenues, or proceeds hereof in connection with any
financing or other financial arrangements, or (ii) transfer its interest to any parent or affiliate by assignment, merger or otherwise without the prior approval of the other party. Upon any such assignment, transfer and assumption, the
transferor shall remain principally liable for and shall not be relieved of or discharged from any obligations hereunder. 
 14.2. If any
provision in this Contract is determined to be invalid, void or unenforceable by any court having jurisdiction, such determination shall not invalidate, void, or make unenforceable any other provision, agreement or covenant of this Contract.

 14.3. No waiver of any breach of this Contract shall be held to be a waiver of any other or subsequent breach. 

14.4. This Contract sets forth all understandings between the parties respecting each transaction subject hereto, and any prior contracts, understandings
and representations, whether oral or written, relating to such transactions are merged into and superseded by this Contract and any effective transaction(s). This Contract may be amended only by a writing executed by both parties. 

14.5. The interpretation and performance of this Contract shall be governed by the laws of the jurisdiction as indicated on the Base Contract, excluding,
however, any conflict of laws rule which would apply the law of another jurisdiction. 
 14.6. This Contract and all provisions herein will be
subject to all applicable and valid statutes, rules, orders and regulations of any governmental authority having jurisdiction over the parties, their facilities, or Gas supply, this Contract or transaction or any provisions thereof. 

14.7. There is no third party beneficiary to this Contract. 
 14.8. Each party to this Contract represents and warrants that it has full and complete authority to enter into and perform this Contract. Each person who executes this Contract on behalf of either party
represents and warrants that it has full and complete authority to do so and that such party will be bound thereby. 
 14.9. The headings and
subheadings contained in this Contract are used solely for convenience and do not constitute a part of this Contract between the parties and shall not be used to construe or interpret the provisions of this Contract. 

14.10. Unless the parties have elected on the Base Contract not to make this Section 14.10 applicable to this Contract, neither party shall disclose
directly or indirectly without the prior written consent of the other party the terms of any transaction to a third party (other than the employees, lenders, royalty owners, counsel, accountants and other agents of the party, or prospective
purchasers of all or substantially all of a party’s assets or of any rights under this Contract, provided such persons shall have agreed to keep such terms confidential) except (i) in order to comply with any applicable law, order,
regulation, or exchange rule, (ii) to the extent necessary for the enforcement of this Contract, (iii) to the extent necessary to implement any transaction, or (iv) to the extent such information is delivered to such third party for
the sole purpose of calculating a published index. Each party shall notify the other party of any proceeding of which it is aware which may result in disclosure of the terms of any transaction (other than as permitted hereunder) and use reasonable
efforts to prevent or limit the disclosure. The existence of this Contract is not subject to this confidentiality obligation. Subject to Section 13, the parties shall be entitled to all remedies available at law or in equity to enforce, or seek
relief in connection with this confidentiality obligation. The terms of any transaction hereunder shall be kept confidential by the parties hereto for one year from the expiration of the transaction. 

In the event that disclosure is required by a governmental body or applicable law, the party subject to such requirement may disclose the material terms
of this Contract to the extent so required, but shall promptly notify the other party, prior to disclosure, and shall cooperate (consistent with the disclosing party’s legal obligations) with the other party’s efforts to obtain protective
orders or similar restraints with respect to such disclosure at the expense of the other party. 
 14.11 The parties may agree to dispute
resolution procedures in Special Provisions attached to the Base Contract or in a Transaction Confirmation executed in writing by both parties. 

DISCLAIMER: The purposes of this Contract are to facilitate trade, avoid misunderstandings and make more definite the terms of contracts of
purchase and sale of natural gas. Further, NAESB does not mandate the use of this Contract by any party. NAESB DISCLAIMS AND EXCLUDES, AND ANY USER OF THIS CONTRACT ACKNOWLEDGES AND AGREES TO NAESB’S DISCLAIMER OF, ANY AND ALL WARRANTIES,
CONDITIONS OR REPRESENTATIONS, EXPRESS OR IMPLIED, ORAL OR WRITTEN, WITH RESPECT TO THIS CONTRACT OR ANY PART THEREOF, INCLUDING ANY AND ALL IMPLIED WARRANTIES OR CONDITIONS OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY, OR FITNESS OR SUITABILITY FOR
ANY PARTICULAR PURPOSE (WHETHER OR NOT NAESB KNOWS, HAS REASON TO KNOW, HAS BEEN ADVISED, OR IS OTHERWISE IN FACT AWARE OF ANY SUCH PURPOSE), WHETHER ALLEGED TO ARISE BY LAW, BY REASON OF CUSTOM OR USAGE IN THE TRADE, OR BY COURSE OF DEALING. EACH
USER OF THIS CONTRACT ALSO AGREES THAT UNDER NO CIRCUMSTANCES WILL NAESB BE LIABLE FOR ANY DIRECT, SPECIAL, INCIDENTAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES ARISING OUT OF ANY USE OF THIS CONTRACT.  

 

			
	Copyright © 2002 North American
Energy	  	NAESB Standard 6.3.1
	Standards Board, Inc.	  	 
	All Rights Reserved	  	April 19, 2002

  
 Page 9 of 10

 EXHIBIT A 
 TRANSACTION 
 CONFIRMATION 

FOR IMMEDIATE 

DELIVERY 
  

					
	 Letterhead/Logo
	 		  	Date:                     ,
            
		 		  	Transaction Confirmation #:                 

This Transaction Confirmation is subject to the Base Contract between Seller and Buyer dated
                    . The terms of this Transaction Confirmation are binding unless disputed in writing within 2 Business Days of
receipt unless otherwise specified in the Base Contract. 
  

									
	SELLER:	 		 		 	BUYER:	  	
	 	 	 	 		 	 	  	 
	 	 	 	 		 	 	  	 
	 	 	 	 		 	 	  	 
	Attn:	 	 	 		 	Attn:	  	 
	Phone:	 	 	 		 	Phone:	  	 
	Fax:	 	 	 		 	Fax:	  	 
	Base Contract No.	 	 	 		 	Base Contract No.	  	 
	Transporter:	 	 	 		 	Transporter:	  	 
	Transporter Contract Number:	 	 	 		 	Transporter Contract Number:	  	 

 Contract Price: $
             /MMBtu 

or                         
                                         
                                         
           
 Delivery Period: Begin:
                    ,             
            End:                     ,
             
 Performance Obligation and Contract Quantity: (Select
One) 
  

					
	Firm (Fixed Quantity):	  	Firm (Variable Quantity):	  	Interruptible:
	_____ MMBtus/day	  	_____ MMBtus/day Minimum	  	Up to _____ MMBtus/day
	 ̈ EFP	  	_____ MMBtus/day Maximum	  	
		  	subject to Section 4.2. at election of	  	
		  	 ̈ Buyer or  ̈ Seller	  	

 Delivery Point(s):
                             
 (If a pooling point is used, list a specific geographic and pipeline location): 
 Special
Conditions: 
  

									
	Seller:	 	 	 		 	Buyer:	  	 
	By:	 	 	 		 	By:	  	 
	Title:	 	 	 		 	Title:	  	 
	Date:	 	 	 		 	Date:	  	 

  

			
	 Copyright
© 2002 North American Energy
 Standards Board, Inc.
	  	NAESB Standard 6.3.1
	All Rights Reserved	  	April 19, 2002

  
 Page 10 of 10

 SPECIAL PROVISIONS 
 Attached to and Forming Part of 
 That certain Base Contract for Sale and Purchase
of Natural Gas 
 By and between Atlas Resources, LLC, Viking Resources, LLC and Resource Energy, LLC (“Seller”)

 and 

Chevron Natural Gas, a division of Chevron U.S.A. Inc. (“Buyer” 

Dated as of November 8, 2010 
 These Special Provisions hereby modify, supplement and amend the Base Contract, dated and ratified as of November 8, 2010. The Base Contract, as modified by these Special Provisions, shall apply to
all transactions (oral or written) between the Parties for the purchase and sale of Gas (each a “Transaction”). All capitalized terms not otherwise defined herein shall have the meaning set forth in the Base Contract. 

1. Amendment to Section 1.4 of the Base Contract: Section 1.4 is amended by adding the following as the last sentence: “Such
recording and the terms and conditions described therein, if otherwise admissible, shall be the controlling evidence for the parties’ agreement with respect to a particular transaction.” 

2. Amendments to Section 2 of the Base Contract:  
 a. Section 2 is amended by adding the following new definitions in alphabetical order: 

“Credit Support Document” shall mean any guaranty, security agreement or instrument, such as a letter of credit or similar undertaking,
pursuant to which one party or such party’s Credit Support Provider meets any Credit Support Obligation under the Contract. 
 “Credit
Support Provider” means the provider of credit support on behalf of a party for the benefit of the other party.” 

b. The definition of “Cover Standard” is amended by deleting the following parenthetical from the first sentence “(or
an alternate fuel if elected by Buyer and replacement Gas is not available)”. 
 3. Amendment to Section 6 of the Base
Contract: The language in Section 6 under the box entitled “Buyer Pays At and After Delivery Point” is amended by deleting the language in its entirety and replacing it with the following language: 

Seller shall pay or cause to be paid all taxes, fees, levies, penalties, licenses or charges imposed by any government authority (“Taxes”)
which may now or hereafter be imposed on or with respect to the Gas prior to the Delivery Point(s). The Contract Price is inclusive of all production, severance, ad valorem or other Taxes levied on or with respect to the Gas prior to its delivery to
Buyer at the Delivery Point(s), and all such Taxes shall be borne and paid exclusively by Seller; provided however (a) if any governmental authority requires Buyer to remit such Taxes to the collecting authority, Buyer may do so and may deduct
such Taxes paid from payments otherwise due to Seller hereunder, and (b) Buyer and Seller agree that the Contract Price stated in each Transaction Confirmation includes reimbursement to the producer of the Gas for state severance tax that is
due on the Gas sold under such Transaction Confirmation. 
 Buyer shall pay or cause to be paid all Taxes which may now or hereafter be imposed
on or with respect to the Gas at the Delivery Point(s) and all Taxes after the Delivery Point(s). The Contract Price does not include any federal, Indian, state, or local sales, use, utility, consumption or other similar Taxes which may now or
hereafter be imposed on the transfer of title, possession or risk of loss of the Gas to Buyer or on Buyer’s subsequent use or disposition thereof, and all such Taxes shall be borne and paid exclusively by Buyer. If any governmental authority
requires Seller to remit such Taxes to the collecting authority, Buyer shall promptly reimburse Seller for such Taxes. 

  
 Page 1 of 5

 Any party entitled to an exemption from any such Taxes or charges shall furnish the other party any
necessary documentation thereof. 
 4. Amendments to Section 10 of the Base Contract:  

a. Section 10.1 is amended by adding “or its Credit Support Provider” after the words “other party
(“Y”)” in the first sentence and by deleting the phrase “a performance bond” in the second sentence. 

b. Section 10.2 is amended by deleting the word “or” which precedes “(viii)” and inserting the following at
the end of clause (viii): “(ix) breach any representation or warranty made by that party pursuant to this Contract, any Credit Support Obligation or any documentation delivered or entered into connection herewith or therewith in any material
respect; (x) repudiate, disaffirm, disclaim, or reject, in whole or in part, or challenge the validity of this Contract or any Credit Support Obligation; or (xi) consolidate, or amalgamate with, or merge with or into, or transfer all or
substantially all its assets to another entity and, at the time of such consolidation, amalgamation, merger or transfer (A) the resulting, surviving or transferee entity fails to assume all the obligations of such party or its Credit Support
Provider under this Contract or the Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to any agreement reasonably satisfactory to the other party to this Contract; (B) the benefits of any Credit
Support Document fail to extend (without the consent of the other party) to the performance by such resulting, surviving or transferee entity of its obligations under this Contract; or (C) the creditworthiness of the resulting, surviving or
transferee entity is materially weaker than that of predecessor or its Credit Support Provider immediately before that action then such event.” 
 c. Section 10.3 is amended by inserting “in its sole discretion” after the word “right” in the first sentence. 

d. Section 10.3.3 is amended by adding the following to the end of the Section: “This setoff provision shall be without
prejudice and in addition to any right of setoff, combination of accounts, lien or other right to which the Non-Defaulting Party or any of the Non-Defaulting Party’s Affiliates is at any time otherwise entitled (whether by operation of law,
contract, or otherwise).” 
 e. The following as Section 10.8: 
 “If Seller becomes responsible for any severance or similar Taxes enacted and effective after the effective date of this Contract relating to the Gas supplied or to be supplied to Buyer pursuant to
this Contract (a “New Tax”) and the New Tax cannot be directly passed through to, or be reimbursed by, another person or entity, then Seller shall be entitled to declare an Early Termination Date (defined in Section 10.3) with respect
to those Transactions affected by the New Taxes (“Affected Transactions”) in accordance with the Section 10 of this Contract, subject to the following conditions: (i) the Seller must give the other party (the “Non-Affected
Party”) at least thirty (30) days prior written notice of its intent to declare an Early Termination Date (which notice shall be given no later than ninety (90) days after the later of the enactment or effective date of the relevant
New Tax) and, pending such Early Termination Date, each party shall attempt to reach a mutual agreement as to the sharing of the New Tax, and (ii) if a mutual sharing agreement is not reached, the Early Termination Date shall take effect and
all Affected Transactions shall be terminated and be subject to the same Early Termination Date. Prior to any such Early Termination Date, New Taxes shall be allocated as if they were Taxes as provided in Section 6. Nothing shall obligate or
cause either party to pay or be liable to pay any Tax or New Tax(es) for which it is exempt under the law.” 

  
 Page 2 of 5

 5. Amendments to Section 11 of the Base Contract:  

a. Section 11.2 is amended by adding the following at the end of clause (i) after “lines of pipe” and before the
semi-colon: “(expressly including the owned- and third-party gathering systems and treatment plants used to gather and/or treat such party’s gas)”. 
 6. Amendment to Section 12 of the Base Contract: Section 12 is amended by deleting the second sentence in its entirety and replacing it with the following: “The rights of either
party pursuant to Sections 7.6, 10 and 13, the obligations to make payment hereunder or to pay or reimburse Taxes pursuant to Section 6, and the obligations of either party to indemnify the other, pursuant hereto shall survive the
termination of the Base Contract or any transaction.” 
 7. Amendment to Section 14 of the Base Contract: Section 14
is amended by adding the following new Section 14.12 
 14.12. “Index Transactions. If the Contract Price for a Transaction is
determined by reference to a third-party information source, then the following shall be applicable to such Transaction. 
 (a)
Market Disruption. If a Market Disruption Event (defined below) has occurred and is continuing for one or more Trading Days during the Determination Period, then the parties shall negotiate in good faith to agree on a Floating Price (or a
method for establishing a Floating Price). If the parties cannot agree on an alternative Floating Price or reference publication within five (5) Business Days (for transactions with a Delivery Period of less than one (1) month) or
thirty (30) days (for transactions with a Delivery Period of more than one (1) month) of the Market Disruption Event, then the issue shall be referred by each party to a senior officer for resolution. If the parties fail to reach an
agreement within 30 days after such referral, then the Floating Price or reference publication shall be finally and conclusively determined by arbitration, before a single arbitrator in accordance with the CPR Rules for Non-Administered
Arbitration, and governed by the Federal Arbitration Act, 9 U.S.C. §§ 1-16 and judgment upon the decision rendered by the arbitrator may be entered by any court having jurisdiction thereof. Pending the arbitrator’s decision, the
Floating Price shall be determined by reference to the last price published prior to the cessation of the original index and any adjustments to such Floating Price based on the arbitrator’s decision shall be made in the first monthly billing
following such decision. 
 (b) Corrections to Published Prices. For purposes of determining the relevant prices for any
day, if the price published or announced on a given day and used or to be used to determine a relevant price is subsequently corrected and the correction is published or announced by the person responsible for that publication or announcement within
two (2) years, either Party may notify the other Party not later than thirty (30) days after publication or announcement of (i) that correction and (ii) the amount (if any) that is payable as a result of that correction. If a
Party gives notice that an amount is so payable, the Party that originally either received or retained such amount will, not later than three (3) Business Days after the effectiveness of that notice, pay, subject to any applicable conditions
precedent, to the other Party that amount, together with interest at the Interest Rate for the period from and including the day on which payment originally was (or was not) made to but excluding the day of payment of the refund or payment resulting
from that correction. 
 (c) Calculation of Floating Price. For the purposes of the calculation of a
Floating Price, all numbers shall be rounded to three (3) decimal places. If the fourth (4th) decimal number is five (5) or greater, then the third
(3rd) decimal number shall be increased by one (1),
and if the fourth (4th) decimal number is less than
five (5), then the third (3rd) decimal number shall
remain unchanged. 
 (d) Definitions for Index Transactions. The following definitions shall apply: 

“Determination Period” means each calendar month during the term of the relevant Transaction; provided that if the term of a Transaction
is less than one calendar month the Determination Period shall be the term of a Transaction. 

  
 Page 3 of 5

 “Floating Price” means the price specified in a Transaction as being based upon a specified
index. 
 “Market Disruption Event” means, with respect to an index, any of the following events: (i) the failure of the
index to announce or publish information necessary for determining the Floating Price; (ii) the failure of trading to commence or the permanent discontinuation or material suspension of trading in the relevant options contract or commodity on
the exchange or market acting as the index; (iii) the temporary or permanent discontinuance or unavailability of the index; (iv) the temporary or permanent closing of any exchange acting as the index; or (v) a material change in the
formula for or the method of determining the Floating Price. 
 “Trading Day” means a day in respect of which the relevant
price source published or was to publish the relevant price.” 
 8. Further Amendments to Section 14 of the Base Contract: 

 a. Section 14.5 is amended by adding the following at the end of the Section: “EACH PARTY SUBMITS TO THE
NON-EXCLUSIVE JURISDICTION OF THE STATE AND FEDERAL COURTS LOCATED IN NEW YORK CITY, BOROUGH OF MANHATTAN, FOR ANY ACTION, SUIT, CLAIM OR PROCEEDING ARISING UNDER OR RELATING TO THIS CONTRACT OR ANY TRANSACTION (EACH, A “PROCEEDING”), AND
EXPRESSLY WAIVES ANY OBJECTION IT MAY HAVE TO SUCH JURISDICTION OR THE CONVENIENCE OF SUCH FORUM. EACH PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ITS RESPECTIVE RIGHT TO ANY JURY TRIAL WITH RESPECT TO ANY LITIGATION ARISING
UNDER OR IN CONNECTION WITH THIS CONTRACT.” 
 b. Section 15.8 is amended by inserting the words “as of the
date of this Contract and the date of entering into each Transaction” after the word “warrants” in the first line. 
 c. Section 15.10 is amended by deleting the parenthetical phrase in the first sentence in its entirety and replacing it with the following: “(other than (i) the employees, lenders,
counsel, accountants, and other agents of the party and/or its Affiliates, prospective purchasers of all or substantially all of a party’s assets or of any rights under this Contract, and/or parties providing gas gathering and/or processing
services for the party and/or its Affiliates, provided such persons shall have agreed to keep such terms confidential and (ii) the royalty owners and working interest partners of the party and/or its Affiliates).” 

c. The following are added to Section 14: 

“14.13. Relationship Between Parties. Each party will be deemed to represent to the other party on the date on which it enters into a
Transaction that (absent a written agreement between the parties that expressly imposes affirmative obligations to the contrary for that Transaction): 
 (a) It is acting for its own account, and it has made its own independent decisions to enter into that Transaction and as to whether that Transaction is appropriate or proper for it based upon its
own judgment and upon advice from such advisers as it has deemed necessary. It is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into that Transaction; it being understood
that information and explanations related to the terms and conditions of a Transaction shall not be considered investment advice or a recommendation to enter into that Transaction. No communication (written or oral) received from the other party
shall be deemed to be an assurance or guarantee as to the expected results of that Transaction. 

  
 Page 4 of 5

 (b) It is capable of assessing the merits of and understanding (on its own behalf or
through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction. 

(c) The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction. 

(d) It is entering into this Contract, including each Transaction, as principal and not as agent of any person or entity.

 14.14. Commodity Exchange Act. Each party represents to the other party on and as of the date hereof and on each date on which a
Transaction is entered into among them that: 
 (a) Such party is an “eligible contract participant” as such term
is defined in the Commodity Exchange Act, as amended (“CEA”) 7 U.S.C. § 1 (a) (12); and (z) it is an “eligible commercial entity” as such term is defined in the CEA, as amended 7 U.S.C. § 1 (a) (11).

 (b) Such party is entering into each Transaction in connection with its business or a line of business and the terms of
this Contract and each Transaction have been individually tailored and negotiate.” 
 14.15 Conflict of Interest. No
director, employee, or agent of either party shall give to or receive from any director, employee, or agent of the other party any commission, fee, rebate, gift, or entertainment of significant cost or value in connection with this Contract. Any
mutually agreeable representative(s) authorized by either party may audit the applicable records of the other party solely for the purpose of determining whether there has been compliance with this paragraph. 

IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have caused these Special Provisions to be executed by their respective
duly authorized representatives as of the date first set forth above. 
  

													
	CHEVRON NATURAL GAS, A DIVISION OF CHEVRON U.S.A. INC.	 	 ATLAS RESOURCES, LLC,
 VIKING RESOURCES, LLC
 RESOURCE ENERGY, LLC

(severally and not jointly)

					
	By:	 	/s/ E J Ellzey	 		 	By:	 	/s/ Matthew A. Jones
		 	Name:	 	E J Ellzey	 		 		 	Name:	 	Matthew A. Jones
		 	Title:	 	Attorney-in-Fact	 		 		 	Title:	 	Chief Financial Officer
		 	Date:	 	November 8, 2010	 		 		 	Date:	 	November 8, 2010

  
 Page 5 of 5

					
		  	 	EXHIBIT A	  
	 TRANSACTION

CONFIRMATION

FOR IMMEDIATE

DELIVERY
	  			
	 SUPPLY CONTRACT NO.

0001
	  			

  

			
	 Letterhead/Logo
	  	Date:                 
		  	Transaction Confirmation
#:             

This Transaction Confirmation is subject to the Base Contract between Seller and Buyer dated November     , 2010. The terms of
this Transaction Confirmation are binding unless disputed in writing within 2 Business Days of receipt unless otherwise specified in the Base Contract. 
  

							
	SELLER:	  	BUYER:	 	
	 Atlas Resources, LLC, Viking Resources, LLC and Resource
	  	Chevron Natural Gas, a division of Chevron USA, Inc.
	 Energy, LLC (“Atlas”)
	  	Attn: Confirmation Department
	 Attn: James D. Toth, Gas Marketing
	  	Phone: 832-854-5110
	 Phone: 215-546-5006
	  	Fax: 832-854-3292
	 Fax: 215-761-0457
	  	Base Contract No. 0001
	 Base Contract No. 0001
	  	Transporter:	 	 
	 Transporter:
	 	 	  	Transporter Contract Number:	 	 
	 Transporter Contract Number:
	 	 	  		 	

 Contract Price: See Special Provisions for Pricing Terms 

 

					
	 Delivery Period: See Special Provisions
	  	 	End: See Special Provisions                    
                                        
	  

 Performance Obligation and
Contract Quantity: (Select as appropriate; Closing occurred on                          , 2011)

 Year: 
  ̈ Year 1 (first 12 months following the Closing) 

 ̈ Year 2 (12 months to 24 months following the Closing) 

 ̈ Year 3 (24 months to 36 months following the Closing) 

Firm Base Load Volume:  ̈ 

 

																																																	
	 Month
	  	 	1	  	  	 	2	  	  	 	3	  	  	 	4	  	  	 	5	  	  	 	6	  	  	 	7	  	  	 	8	  	  	 	9	  	  	 	10	  	  	 	11	  	  	 	12	  
	 MMBtus/d
	  				  				  				  				  				  				  				  				  				  				  				  			

 Excess Daily Gas:  ̈ 

                 MMBtus/day 

Delivery Point(s): See Special Provisions 
 (If a pooling point is used, list a specific geographic and pipeline location): 
 Special
Conditions: 
 Special Provisions attached hereto as Schedule I are incorporated herein by reference. 

 

	*	Firm (Variable Quantity) subject to Special Provisions 

  

									
	Seller: Atlas Resources, LLC, Viking Resources, LLC and Resource Energy, LLC. (severally and not jointly)	 		 	Buyer: Chevron Natural Gas, a division of Chevron USA Inc.
					
	By:	 	 	 		 	By:	 	 
		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:
	Date:	 	 	 		 	Date:	 	 

  

					
	 Copyright © 2002 North American Energy
 Standards Board, Inc. NAESB Standard 6.3.1
 All Rights
Reserved
	  	 	September 5, 2006	  

  
 Page 1 of 1

 SCHEDULE I 
 SPECIAL PROVISIONS 
 Attached to and Forming Part of 

That certain Transaction Confirmation — SUPPLY CONTRACT NO. 0001 

By and between Atlas Resources, LLC, Viking Resources, LLC and Resource Energy, LLC (“Atlas” or 

“Seller”) 

and 
 Chevron
Natural Gas, a division of Chevron U.S.A. Inc. (“Chevron” or “Buyer”) 
 Dated as of November 8, 2010

 These Special Provisions hereby modify, supplement and amend the Transaction Confirmation — SUPPLY CONTRACT NO.
000             , dated and ratified as of the date hereof (the “Transaction Confirmation”), and, solely to the extent described in these Special Provisions with
respect to the transaction(s) contemplated by the Transaction Confirmation, the Base Contract between the parties referenced in the Transaction Confirmation. All capitalized terms not otherwise defined herein shall have the meaning set forth in the
Base Contract between the parties referenced in the Transaction Confirmation. 
 1. Amendments to Section 2 of the Base Contract:
Section 2 is amended by adding the following new definitions in alphabetical order: 
 “NYMEX Contract Price” means a per
MMBtu price equal to the NYMEX Settle Price, plus ***. 
 “NYMEX Settle Price” means a per MMBtu price equal to the
NYMEX last day settle price of one MMBtu of Gas for the next delivery Month. 
 2. Amendments of Section 4 of the Base Contract. 

 A. Amendment to Section 4.2 of the Base Contract: Section 4.2 is amended by adding the following to the
end of that Section: “Notwithstanding the foregoing, Atlas Resources, LLC (“Resources”) shall (a) not more than 60 days following the execution and delivery of the Restructuring Agreements (as defined below) nominate
on behalf of Seller the Base Load Firm Volume (as defined below) Contract Quantity of Gas to be supplied, purchased and sold hereunder on a Firm basis per day each Month (denominated in MMBtu/day) during Year 1 (as defined below), and (b) not
less than 60 days prior to the end of (i) Year 1, nominate on behalf of Seller the Base Load Firm Volume Contract Quantity of Gas to be supplied, purchased and sold hereunder on a Firm basis per day each Month (denominated in MMBtu/day)
during Year 2 and (ii) Year 2 (as defined below), nominate on behalf of Seller the Base Load Firm Volume of Gas to be supplied, purchased and sold hereunder on a Firm basis per day each Month (denominated in MMBtu/day) during Year 3 (as defined
below). In the event that Resources (or Seller in lieu of Resources) fails to timely nominate Base Load Firm Volumes as set forth above in clauses (i) or (ii) for the coming Year 2 or 3 time period during the Delivery Period, then
Resources shall be deemed to have nominated the maximum Base Load Firm Volume for the coming Year 2 or 3 period set forth below for the entire 12-month period. To the extent that Seller expects to supply more Gas on any day than the applicable Base
Load Firm Volume (“Excess Daily Gas”), Resources will use commercially reasonable efforts to supply to Buyer no later than 7:30 a.m. Central on each Business Day estimates of the aggregated volumes of Excess Daily Gas to be
delivered to that Delivery Point on the following Day, and seasonal production volume forecasts for delivery of Excess Daily Gas into that Delivery Point on a rolling 2-month basis during the Delivery Period.” 

  
 Page 1 of 4

 3. Pricing: With respect to any volumes of Gas purchased or sold pursuant to the Transaction
Confirmation, such volumes of Gas will be priced in accordance with the following: 
 A. Supply of Firm Base Load Volume for each Delivery
Point: The NYMEX Contract Price. 
 B. Supply of Excess Daily Gas. Excess Daily Gas supplied by Seller to Buyer
hereunder shall be purchased by the Buyer on a Firm basis during the Delivery Period. The parties will attempt to negotiate a mutually-agreeable price with respect to any Excess Daily Gas based upon fair market value less a reasonable marketing fee
payable to Seller. 
 4. Delivery Point and Firm Base Load Volume. The Firm Base Load Volume for each Delivery Point (see
list of meters that tie into each interstate line, which list is attached hereto as Attachment 1; for the Transaction Confirmation, “Delivery Point” shall mean any or all of the meters listed for each interstate line) shall
be as set forth below and shall be specified on a Month-to-Month basis as set forth in Section 2(a) above: 
 All Base Load Volume Contract
Quantities set forth below are denominated in MMBtu/day. 
  

							
	 Delivery Point
	 	 Year 1 Base Load Volume
	 	 Year 2 Base Load Volume
	 	 Year 3 Base Load Volume

	 Equitrans
	 	***	 	***	 	***
	 Columbia
	 	***	 	***	 	***
	 TETCO
	 	***	 	***	 	***
	 NFGS
	 	***	 	***	 	***
	 Dominion
	 	***	 	***	 	***

 5. Delivery Period. The
Delivery Period will commence on the day of the “Closing” as defined in and occurring under (i) that certain Transaction Agreement by and among Atlas Energy, Inc., Atlas Energy Resources, LLC, Atlas Pipeline Holdings, L.P. and Atlas
Pipeline Holdings GP, LLC. dated as of November 8, 2010 (the “Transaction Agreement”) and (ii) Agreement and Plan of Merger by and among Chevron Corporation, Arkhan Corporation and Atlas Energy, Inc. dated as of
November 8, 2010 (the “Merger” and together with the Transaction Agreement, collectively, the “Restructuring Agreements”); provided that if the Closing for the Restructuring Agreements occur on different
calendar dates, then so long as both Closings occur, the Delivery Period will commence on the later calendar date of Closing. The Delivery Period will end on March 31, 2014. As noted above, for the purposes of establishing the Firm Base Load
Volume, the Delivery Period shall be divided into three (3) periods: Year 1 beginning at the Closing and ending on March 31, 2012, Year 2 beginning April 1, 2012 and ending on March 31, 2013, and Year 3 beginning on April 1,
2013 and ending on March 31, 2014. 
 6. Duty to Mitigate. Notwithstanding anything in Section 3 of the Contract to the
contrary, in the event that Seller fails to deliver sufficient volumes of Gas on any Day to meet its Firm Base Load Volume Contract Quantity obligation, then Buyer will use commercially reasonable efforts to mitigate the costs to cover any portion
of the difference between the Firm Base Load Volume Contract Quantity and the volume actually delivered by Seller. 
 7. Several
Liability. The liability and obligations of each Seller party under this Transaction Confirmation and as parties to the Base Contract shall be several, and not joint. 

  
 Page 2 of 4

 IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have caused
these Special Provisions to be executed by their respective duly authorized representatives as of the date first set forth above. 
  

									
	Atlas Resources, LLC, Viking Resources, LLC and Resource Energy, LLC. (severally and not jointly)	 		 	Chevron Natural Gas, a division of Chevron U.S.A. Inc.
					
	By:	 	 	 		 	By:	 	 
		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:
	Date:	 	 	 		 	Date:	 	 

  
 Page 3 of 4

 Attachment 1 
 Delivery Points 
 ***

  
 Page 4 of 4

 AGREEMENT REGARDING TRANSACTION CONFIRMATIONS 

Attached to and Forming Part of 
 That certain Base Contract for Sale and Purchase of Natural Gas 
 By and
between Chevron Natural Gas (“CNG”) 
 And 

Atlas Resources, LLC, Viking Resources, LLC and Resource Energy, LLC (collectively, 

the “AHD Entities”) 
 Dated as of November 8, 2010 
 Reference is made to (a) that
certain Agreement and Plan of Merger, dated November 8, 2010 (the “Merger Agreement”), by and among Atlas Energy, Inc., a Delaware corporation (“ATLS”), Arkhan Corporation and Chevron Corporation
(“Chevron”) and (b) that certain Transaction Agreement, dated November 8, 2010 (the “Transaction Agreement,” and together with the Merger Agreement, the “Restructuring Agreements”), by and
among ATLS, Atlas Energy Resources, LLC, Atlas Pipeline Holdings, L.P. and Atlas Pipeline Holdings GP, LLC. Unless otherwise specified or clearly indicated to the contrary by the context of this agreement, capitalized terms shall have the meaning(s)
ascribed to them in the Base Contract for Sale and Purchase of Natural Gas (and Special Provisions appended thereto) described above. 
 Upon
the later to occur of (i) the Closing (as defined in the Transaction Agreement) of the transactions contemplated by the Transaction Agreement and (ii) the Closing (as defined in the Merger Agreement) of the transactions contemplated by the
Merger Agreement, Chevron and AHD shall, or shall cause CNG or each of the AHD Entities, as applicable, to enter into a Transaction Confirmation, substantially in the form attached to this Agreement as Exhibits A in respect of Year 1 (as
defined in Schedule I (Special Provisions) to the Transaction Confirmation), with such changes as the parties may mutually agree to; provided, however, that in accordance with Section 2 of Schedule I (Special Provisions)
and subject to the maximum Firm Base Load Volume set forth in Section 4 of Schedule I (Special Provisions) to the Transaction Confirmation for Year 1, Atlas Resources, LLC (“Resources”) will: 

1. not more than 60 days following the execution and delivery of the Restructuring Agreements, nominate on behalf of the AHD
Entities, the Firm Base Load Volume Contract Quantity to be supplied, purchased and sold pursuant to the Transaction Confirmation during Year 1; 
 2. not more than 60 days prior to the end of Year 1, nominate on behalf of the AHD Entities, the Firm Base Load Volume Contract Quantity to be supplied, purchased and sold pursuant to a second
Transaction Confirmation during Year 2; and 
 3. not more than 60 days prior to the end of Year 2, nominate on behalf
of the AHD Entities, the Firm Base Load Volume Contract Quantity to be supplied, purchased and sold pursuant to a third Transaction Confirmation during Year 2; 

 provided further, that if Resources or any of the other AHD Entities in lieu of Resources fails to
nominate timely the Firm Base Load Volume for any applicable period, Resources shall be deemed to have nominated the maximum Firm Base Load Volume set forth in Section 4 of Schedule I (Special Provisions) to the applicable Transaction
Confirmation. 
 Subject to the satisfaction of the condition precedent that the Closings described in the second paragraph of
this Agreement have occurred, the parties agree that the pricing for Firm Base Load Volumes and the maximum Firm Base Load Volumes set forth in Section 4 of Schedule I (Special Provisions) shall be binding on both parties. 

The parties agree that because (a) the beginning of the Delivery Period is contingent upon the date of the Closings described above
in the second paragraph of this agreement, and (b) nominations of Firm Base Load Volume in Year 1 are contemplated to be made on a rolling, Month-to-Month basis, subject to certain restrictions as set forth above, using a specified per-day
volume, and (c) the AHD Entities’ production is likely to vary significantly Month-to-Month during the Delivery Period, Resources will need a certain amount of flexibility in nominating Firm Base Load Volumes for Year 1 in advance of the
Closings described above without knowing exactly when the Closing will occur; however, CNG will need a certain amount of certainty regarding Firm Base Load Volumes for Year 1 well before the start of the Delivery Period. To that end, the parties
agree that Resources shall use the schedule set forth on Attachment A hereto as a guide in establishing Firm Base Load Volumes for Year 1. 
 [remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto have caused
this agreement to be executed by their respective duly authorized representatives as of the date first set forth above. 
  

													
	 CHEVRON NATURAL GAS, A DIVISION
 OF CHEVRON U.S.A. INC.
	 	ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC and RESOURCE ENERGY, LLC (severally and not jointly)
					
	By:	 	/s/ E.J. Ellzey	 		 	By:	 	/s/ Matthew A. Jones
		 	Name:	 	E.J. Ellzey:	 		 		 	Name:	 	Matthew A. Jones
		 	Title:	 	Attorney-in-Fact	 		 		 	Title:	 	Chief Financial Officer
	Date: November 8, 2010	 		 	Date: November 8, 2010

 Attachment A 
 Guide for Year 1 
 The following volumes will need to be converted to MMBtu/day on
a 30.4 avg. days/month basis and 
 using reasonable heating value to volume assumptions. 

 

																									
	 Month
Volumes
Gross Gas
Production
(mmcf)
	 	 4/30/2011
	 	 5/31/2011
	 	 6/30/2011
	 	 7/31/2011
	 	 8/31/2011
	 	 9/30/2011
	 	 10/31/2011
	 	 11/30/2011
	 	 12/31/2011
	 	 1/31/2012
	 	 2/29/2012
	 	 3/31/2012

	 EQUITRANS
	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***
	 COLUMBIA
	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***
	 TETCO
	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***
	 NFGS
	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***
	 DOMINION
	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***	 	***

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