Document:

EX-10.1

 Exhibit 10.1 
 ATLAS RESOURCE ESCROW CORPORATION 
 as Grantor 

WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Trustee and Escrow Agent 
  

 
 ESCROW AND SECURITY AGREEMENT

  
  

DATED July 30, 2013 

 THIS ESCROW AND SECURITY AGREEMENT (as may be amended from time to time this
“Agreement”) is made on July 30, 2013, among: 
  

	(1)	ATLAS RESOURCE ESCROW CORPORATION, a Delaware corporation (the “Escrow Issuer” or the “Grantor”); 

 

	(2)	WELLS FARGO BANK, NATIONAL ASSOCIATION, in its capacity as trustee under the Indenture (the “Trustee”); and 

 

	(3)	WELLS FARGO BANK, NATIONAL ASSOCIATION, in its capacity as escrow agent (together with its successors and assigns, the “Escrow Agent”)

 (each, a “Party” and, together, the “Parties”). 

WHEREAS: 
  

	(A)	Pursuant to the Indenture (the “Indenture”), dated as of July 30, 2013, among the Escrow Issuer and the Trustee, the Escrow Issuer will
issue $250.0 million in aggregate principal amount of 9.25% Senior Notes due 2021 (the “Notes”) in a private placement (the “Offering”). The Notes are being initially sold pursuant to that certain Purchase
Agreement, dated July 25, 2013 (the “Purchase Agreement”), among the Escrow Issuer, Atlas Energy Holdings Operating Company, LLC (the “Company”), Atlas Resource Finance Corporation (“FinCo” and
together with the Company, the “Issuers”) and Deutsche Bank Securities Inc. (the “Representative”), on behalf of itself and the other initial purchasers named therein (the “Initial Purchasers”), and
in connection with the Offering, the Grantor prepared a preliminary offering memorandum, dated July 23, 2013, and an offering memorandum, dated July 25, 2013 (the “Offering Memorandum”). 

 

	(B)	The Issuers intend to use the proceeds of the Offering to partially fund the proposed acquisition (the “Acquisition”) by Atlas Energy L.P. and
Atlas Resource Partners, L.P. (the “Buyers”) of certain assets of EP Energy E&P Company, L.P. (the “Acquired Assets”). 

 

	(C)	 Concurrently with the issuance of the Notes, (i) the Escrow Issuer will cause the Initial Purchasers to be deposited with the Escrow Agent
$243,242,500 by wire transfer of immediately available funds pursuant to the wire instructions specified in Schedule A-1 representing the net proceeds from their sale of the Notes (after deducting the Initial Purchasers Discount (as defined
below)) (the “Notes Proceeds”), (ii) the Grantor or its designee or designees will deposit, or will cause to be deposited with the Escrow Agent, $5,000,000 by wire transfer of immediately available funds pursuant to the wire
instructions specified in Schedule A-1 representing an amount equal to the difference between the Notes Proceeds and the gross proceeds from the sale of the Notes (the “Stub Amount”), (iii) the Grantor or its designee or
designees will deposit, or will cause to be deposited with the Escrow Agent, $4,303,819.44 by wire transfer of immediately available funds pursuant to the wire instructions specified in Schedule A-1 (the “Interest Amount”)
and (iv) the Grantor or its designee or designees will deposit, or will cause to be deposited with the Escrow Agent, $1,757,500 by wire transfer of immediately available funds pursuant to the wire instructions specified in Schedule A-1 (the
“OID”, 

  
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and, together with the Notes Proceeds, the Stub Amount and the Interest Amount, the “Total Deposit”), which amounts collectively are sufficient to redeem the Notes at a
redemption price of 100% of the principal amount thereof, plus accrued and unpaid interest on the Notes, from July 30, 2013 up to, but not including, October 7, 2013 (the “Outside Date”), with the Escrow Agent in the
Escrow Account (as defined below) to be held by the Escrow Agent for the benefit of the holders of the Notes. 

  

	(D)	As security for its obligation to redeem the Notes in accordance with Section 3.10 of the Indenture (the “Obligations”), the Grantor has
agreed to (i) grant to the Trustee for the ratable benefit of the holders of the Notes a security interest in and lien upon the Escrowed Funds and the other Collateral (each as defined below) and (ii) execute this Agreement to secure the
payment and performance by the Grantor of the Obligations. 

  

	(E)	The Escrow Agent has agreed to provide certain services to the Grantor as set out in this Agreement. 

It is agreed as follows: 
  

	1.	DEFINITIONS 

  

	1.1	In this Agreement: 

“Acquired Assets” shall have the meaning set forth in the preamble of this Agreement. 

“Agreement” shall have the meaning set forth in the preamble of this Agreement. 

“Acquisition” shall have the meaning set forth in the recitals of this Agreement. 

“Acquisition Agreement” means that certain Purchase and Sale Agreement, dated as of June 9, 2013 by and among EP
Energy E&P Company, L.P., EPE Nominee Corp. and Atlas Resource Partners, L.P. as the same may have been amended, supplemented or otherwise modified from time to time prior to the Issue Date. 

“Affiliate” means, with respect to any person, a Person: (a) which directly or indirectly through one or more
intermediaries controls, or is controlled by, or is under common control with, such Person; (b) which directly or indirectly through one or more intermediaries beneficially owns or holds 10% or more of any class of the Voting Stock of such
Person (or a 10% or greater equity interest in a Person which is not a corporation); or (c) of which 10% or more of any class of the Voting Stock (or, in the case of a Person which is not a corporation, 10% or more of the equity interest) is
beneficially owned or held directly or indirectly through one or more intermediaries by such Person. As used in this definition, the term “control” means the possession, directly or indirectly, of the power to direct or cause the
direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 
 “authorized representative” shall have the meaning set forth in Section 6.8 of this Agreement. 

  
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 “Business Day” means a day other than a Saturday, Sunday or other day on
which the Escrow Agent or the Trustee is authorized or required by law to close. 
 “Buyers” shall have the
meaning set forth in the preamble of this Agreement. 
 “Collateral” shall have the meaning set forth in
Section 4.1 of this Agreement. 
 “Collateral Investment” shall have the meaning set forth in
Section 5.1 of this Agreement. 
 “Company” shall have the meaning set forth in the preamble of this
Agreement. 
 “Effective Resignation Date” shall have the meaning set forth in Section 12.2 of this
Agreement. 
 “Escrow Agent” shall have the meaning set forth in the preamble of this Agreement. 

“Escrow Account” means a single account established and maintained by the Escrow Agent in the name “Atlas Resource
Escrow Corporation,” which account shall at all times be under the control (within the meaning of Section 8-106 of the UCC) of the Trustee and subject to the terms and conditions of this Agreement. 

“Escrowed Funds” means the Total Deposit and all investments (including securities entitlements) thereof made hereunder,
plus all interest, dividends and other distributions and payments thereon received or receivable by the Escrow Agent from time to time less any property distributed and/or disbursed in accordance with this Agreement, together with the proceeds of
any of the foregoing. 
 “Escrow Issuer” shall have the meaning set forth in the preamble of this Agreement.

 “FinCo” shall have the meaning set forth in the preamble of this Agreement. 

“Grantor” shall have the meaning set forth in the preamble of this Agreement. 

“Indenture” shall have the meaning set forth in the recitals of this Agreement. 

“Initial Purchasers” shall have the meaning set forth in the recitals of this Agreement. 

“Initial Purchasers Discount” shall mean the amount of $5,000,000, payable in full satisfaction of the discounts or
commissions payable by the Escrow Issuer to the Initial Purchasers in connection with the sale of the Notes pursuant to section 1(a) of the Purchase Agreement. 
 “Interest Amount” shall have the meaning set forth in the recitals of this Agreement. 
 “Issuers” shall have the meaning set forth in the preamble of this Agreement. 
 “Liability” means any loss, damage, cost, charge, claim, demand, expense, penalty, judgment, demand, action, proceeding or other liability whatsoever (including, without limitation, in
respect of taxes, duties, levies, imposts and other charges) and including any value added tax or similar tax charged or chargeable in respect thereof and legal fees and expenses and the fees and expenses of other professionals on a full indemnity
basis. 

  
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 “Notes” shall have the meaning set forth in the recitals of this Agreement.

 “Notes Proceeds” shall have the meaning set forth in the recitals of this Agreement. 

“OID” shall have the meaning set forth in the recitals of this Agreement. 

“Obligations” shall have the meaning set forth in the recitals of this Agreement. 

“Offering” shall have the meaning set forth in the recitals of this Agreement. 

“Offering Memorandum” shall have the meaning set forth in the recitals of this Agreement. 

“Outside Date” shall have the meaning set forth in the recitals of this Agreement. 

“Party” shall have the meaning set forth in the preamble of this Agreement. 

“Person” means any individual, corporation, company (including limited liability company), partnership, joint venture,
trust, unincorporated organization or government or any agency or political subdivision thereof. 
 “Purchase
Agreement” shall have the meaning set forth in the recitals of this Agreement. 
 “Redemption
Certificate” means a certificate executed by an authorized representative of the Grantor certifying to the Trustee and the Escrow Agent that the Acquisition Agreement has been terminated in accordance with its terms. 

“Representative” shall have the meaning set forth in the recitals to this Agreement. 

“Special Mandatory Redemption Date” shall have the meaning set forth in the Indenture. 

“Special Mandatory Redemption Event” shall have the meaning set forth in the Indenture. 

“Special Mandatory Redemption Price” shall have the meaning set forth in the Indenture. 

“Stub Amount” shall have the meaning set forth in the recitals of this Agreement. 

“Temporary Cash Investments” means any of the following: (a) investments in U.S. Government Obligations maturing
within 90 days of the date of acquisition thereof; and (b) investments in money market funds or accounts whose assets are substantially all comprised of Cash Equivalents (as defined in the Indenture). 

“Total Deposit” shall have the meaning set forth in the recitals of this Agreement. 

“Trustee” shall have the meaning set forth in the preamble of this Agreement. 

  
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 “Voting Stock” means securities of any class or classes of a person, the
holders of which are ordinarily, in the absence of contingencies, entitled to vote for corporate directors (or persons performing equivalent functions). 
  

	1.2	Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Indenture. Unless otherwise defined herein or in the Indenture,
terms defined in Articles 8 or 9 of the Uniform Commercial Code as in effect in the state of New York (the “UCC”) are used herein as therein defined. 

 

	2.	APPOINTMENT 

 The Escrow
Issuer hereby appoints the Escrow Agent as escrow agent for the purposes in accordance with the terms and conditions set out in this Agreement and the Escrow Agent hereby accepts such appointment on the terms and conditions set out in this
Agreement. 
  

	3.	ESCROWED FUNDS; ESCROW ACCOUNT 

  

	3.1	The Escrow Agent shall hold the Escrowed Funds and, subject to the terms and conditions hereof, shall invest and reinvest the Escrowed Funds as directed in accordance
with Section 5. 

  

	3.2	The Escrow Agent shall establish and maintain the Escrow Account herein provided for in accordance with the terms of this Agreement. 

 

	4.	COLLATERAL AND SECURITY INTEREST 

  

	4.1	 Each Grantor hereby pledges to the Trustee for its benefit and for the ratable benefit of the holders of the Notes and hereby grants to the Trustee for
their benefit and for the ratable benefit of the holders of the Notes a continuing first priority security interest in and to all of the Grantor’s right, title and interest in, to and under the following (hereinafter collectively referred to as
the “Collateral”), whether characterized as investment property, certificated securities, uncertificated securities, general intangibles or otherwise: (a) the Escrow Account and all financial assets credited to the Escrow
Account, all funds held therein and all certificates and instruments, if any, from time to time representing or evidencing the Escrow Account, (b) all Collateral Investments (as hereinafter defined) and all certificates and instruments, if any,
representing or evidencing the Collateral Investments, and any and all security entitlements to the Collateral Investments, and any and all related securities accounts in which security entitlements to the Collateral Investments are carried,
(c) all cash, notes, deposit accounts, checks and other instruments, if any, from time to time hereafter delivered to or otherwise possessed by the Escrow Agent for or on behalf of the Grantor in substitution for or in addition to any or all of
the then existing Collateral, (d) all of Grantor’s rights under this Agreement and (e) all proceeds of and other distributions on or with respect to any and all of the foregoing Collateral (including, without limitation, all
dividends, interest, principal payments, cash, options, warrants, rights, investments, subscriptions and other property or proceeds, including proceeds that constitute property of the types described in clauses (a) through (d) of this
Section 4.1). The Escrow Agent (in its capacity as a securities intermediary) hereby agrees that it will comply with 

  
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written entitlement orders or instructions originated by the Trustee without further consent by the Grantor (in its capacity as a debtor/entitlement holder), it being acknowledged and agreed that
so long as the Escrow Agent has not received notice from the Trustee or the Representative that an Event of Default exists, the Escrow Agent shall honor entitlement orders issued by the Grantor in accordance with Sections 5 or 6 hereof.

  

	4.2	The pledge and lien granted by Grantor pursuant to Section 4.1 above secures the prompt and complete payment and performance when due (whether at stated maturity,
by acceleration or otherwise) of the Obligations. 

  

	4.3	All certificates or instruments representing or evidencing the Collateral, including, without limitation, amounts invested as provided in Section 5 hereof, shall
be delivered to and held by the Escrow Agent pursuant to the terms hereof and shall be in suitable form for transfer by delivery, or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance
sufficient for the Trustee to have control over such Collateral, or shall be credited to the Escrow Account that shall be maintained as a securities account by the Escrow Agent. 

 

	4.4	The Escrow Agent hereby agrees that all property delivered to the Escrow Agent for crediting to the Escrow Account will be promptly credited to the Escrow Account by
the Escrow Agent. The Escrow Agent represents and warrants that it has not entered into, and agrees that it will not enter into, any control agreement or any other agreement relating to the Escrow Account with any other third party without the prior
written consent of the Grantor, the Trustee and the Initial Purchasers, except for this Agreement. 

  

	4.5	Except as otherwise provided by Section 6 hereof: 

  

	 	(a)	So long as the Obligations remain unpaid, the Grantor will maintain the Escrow Account with the Escrow Agent. 

 

	 	(b)	It shall be a term and condition of the Escrow Account, that no amount (including interest on Collateral Investments) shall be paid or released to or for the account
of, or withdrawn by or for the account of, the Grantor or any other Person from the Escrow Account. 

  

	 	(c)	The Escrow Account shall be established and maintained as a securities account (as defined in Section 8-501 of the UCC). 

 

	4.6	 The Grantor will, promptly upon request by Trustee or the Escrow Agent, (i) execute and deliver or cause to be executed and delivered, or use its
reasonable best efforts to procure and deliver to the Escrow Agent, all assignments, instruments and other documents and (ii) take any other actions that are reasonably necessary to perfect, continue the perfection of, or protect the first
priority of the Trustee’s security interest in and to the Collateral, to protect the Collateral against the rights, claims, or interests of third persons (other than any such rights, claims or interests created by or arising through the Escrow
Agent for the benefit of the Trustee) or to effect the purposes of this Agreement. The Grantor also hereby authorizes the Trustee to file any UCC financing or continuation 

  
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statements that reasonably describe the Collateral in such jurisdictions and filing offices and containing such description of the Collateral as the Initial Purchasers, on behalf of the Trustee,
may determine is reasonably necessary in order to perfect the security interest granted herein; provided that the foregoing request or authorization does not impose any obligation of the Trustee or Escrow Agent to perfect, continue or
otherwise maintain the security interest as provided herein on behalf of the Trustee or the Initial Purchasers. The Grantor will promptly pay all reasonable costs incurred in connection with any of the foregoing within 30 days of receipt of an
invoice therefor. The Grantor also agrees, whether or not requested by the Trustee, that the Grant has sole obligation to take or cause to take all actions that are reasonably necessary to perfect, continue the perfection of, or to protect the first
priority of, the Trustee’s security interest in and to the Collateral, including the filing of all necessary UCC financing and continuation statements, and to protect the Collateral against the rights, claims or interests of third persons
(other than any such rights, claims or interests created by or arising through the Escrow Agent for the benefit of the Trustee). 

  

	5.	INVESTMENTS 

  

	5.1	The Escrow Agent shall cause the Escrowed Funds to be invested in such Temporary Cash Investments (any such investment, a “Collateral Investment”) as
the Grantor may specify in writing from time to time. During the term of this Agreement, the Grantor shall bear and retain sole responsibility for the selection of investments of the Escrowed Funds and all risks from such investments. In the absence
of instructions from the Grantor, the applicable Escrowed Funds will remain uninvested with no liability for interest thereon. The Escrow Agent shall have no obligation to invest the Escrowed Funds if deposited with the Escrow Agent after 2:00 p.m.
New York City time on the day of deposit. Instructions received after 2:00 p.m. New York City time will be treated as if received on the following Business Day. The Escrow Agent shall have no responsibility or liability for any investment losses
resulting from the investment, reinvestment or liquidation of the Escrowed Funds in accordance with the provisions hereof. Any interest or other income received in respect of such investment and reinvestment of the Escrowed Funds shall become part
of the Escrowed Funds, and losses incurred in respect of such investment and reinvestment of the Escrowed Funds shall be reflected in the value of the Escrowed Funds from time to time. Notwithstanding the foregoing, the Escrow Agent shall be
authorized to sell or liquidate the foregoing investments whenever the Escrow Agent shall be required to release all or any portion of the Escrowed Funds pursuant to this Agreement. In no event shall the Escrow Agent be deemed an investment manager
or adviser in respect of any selection of investments hereunder. 

  

	5.2	 The Escrow Agent shall become the holder on behalf of the Trustee of the Collateral Investments (or applicable security entitlements thereto) through
the following delivery procedures: (i) in the case of Collateral Investments that are uncertificated securities, registration of one of the following as owner of such uncertificated securities: (1) the Escrow Agent, (2) a Person
designated by the Escrow Agent, or (3) a Person other than a securities intermediary or financial intermediary, that becomes the registered owner of such uncertificated securities on behalf of the Escrow Agent and acknowledges that it holds the
same for the Escrow Agent; and (ii) in the case of Collateral Investments in the form of Temporary Cash Investments, the making of book entries by the securities 

  
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intermediary (other than a clearing corporation) to whose account such Temporary Cash Investments have been credited on the books of a Federal Reserve Bank (or on the books of another such
securities intermediary (other than a clearing corporation)) indicating that such Temporary Cash Investments have been credited to an account of the Escrow Agent, and the sending by such securities intermediary to the Escrow Agent of confirmation of
such transfer to the Escrow Agent’s account, in each case, as applicable depending on the nature of the Temporary Cash Investments. 

 Prior to or concurrently with the execution and delivery of this Agreement and prior to the transfer to the Escrow Agent of Collateral Investments (or acquisition by the Escrow Agent of any security
entitlement thereto) the Escrow Agent shall establish the Escrow Account on its books as an account segregated from all other custodial or collateral accounts. All Collateral Investments shall be credited to the Escrow Account, and the Escrow Agent
hereby agrees to treat all property credited to the Escrow Account as a “financial asset” as defined in Section 8-102(a)(9) of the UCC. Subject to the other terms and conditions of this Agreement, all Collateral Investments held by
the Escrow Agent pursuant to this Agreement shall be held in the Escrow Account subject (except as expressly provided in Sections 6.1 and 6.2 hereof) to the control (within the meaning of Sections 8-106 and 9-106 of the UCC) of the Trustee for the
ratable benefit of the holders of the Notes and segregated from all other funds or other property otherwise held by the Escrow Agent. 
  

	6.	RELEASE OF ESCROWED FUNDS 

  

	6.1	The Escrow Agent is directed to hold and distribute the Escrowed Funds in the following manner and will release the Escrowed Funds only in the cases specifically
provided for in this Section 6. 

  

	6.2	If the Escrow Agent receives, at any time on or prior to 5:00 p.m. (New York City time) on the Outside Date, a certificate in the form attached hereto as Exhibit
A executed by an authorized representative of the Escrow Issuer and containing the certifications described therein, the Escrow Agent shall, on (i) the same Business Day as the receipt by the Escrow Agent of such certificate
(provided that such receipt is at any time on or prior to 11:00 a.m. (New York city time)), otherwise on the next Business Day following receipt by the Escrow Agent of such certificate or (ii) the date specified in such certificate, if
later (or, if such date is not a Business Day, the first Business Day after such date), liquidate all investments of Escrowed Funds then held by it (subject to Section 18 hereof) and disburse from the Escrow Account to such Person(s) or
account(s) as specified in such certificate, all Escrowed Funds held in the Escrow Account. The Escrow Issuer shall simultaneously deliver to the Trustee a copy of any certificate delivered to the Escrow Agent pursuant to this Section 6.2.

  

	6.3	Upon receipt by the Escrow Agent of a Redemption Certificate, which shall be delivered to the Escrow Agent within 1 Business Day following a Special Mandatory
Redemption Event, the Escrow Agent shall liquidate all investments of Escrowed Funds then held by it (subject to Section 18 hereof) not later than the last Business Day prior to the Special Mandatory Redemption Date specified in the Redemption
Certificate. On the Business Day prior to the Special Mandatory Redemption Date, the Escrow Agent shall release all Escrowed Funds prior to 11:00 a.m. (New York City time) as follows: 

 

	 	(a)	first, to the Trustee an amount equal to the Special Mandatory Redemption Price (or if less than such amount Escrowed Funds exists at such time, all Escrowed
Funds); and 

  

	 	(b)	second, to the Grantor or its designee or designees, any Escrowed Funds remaining after the above distributions. 

  
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	6.4	If the Trustee is required to effect the redemption contemplated by Section 3.10 of the Indenture and Section 6.3 above and for any reason the amount of
Collateral to be released is insufficient to pay the Special Redemption Price to redeem all of the outstanding Notes as provided in Section 3.10 of the Indenture, the Grantor agrees to pay to the Escrow Agent, no less than one Business Day
prior to the Special Mandatory Redemption Date, the amount of funds necessary to permit all outstanding Notes to be redeemed in accordance with the provisions of the Indenture. 

 

	6.5	Upon the release of any Collateral from the Escrow Account in accordance with the terms of this Agreement, the security interest evidenced by this Agreement in such
released Collateral will automatically terminate without any further action and such security interest will be of no further force and effect. Such released Collateral will be delivered to the recipient free and clear of any and all liens, claims or
encumbrances of any person, including, without limitation, the Escrow Agent, the Trustee and the holders of the Notes. The Escrow Agent and Trustee will take at the request of the Grantor, and hereby authorize the Grantor to take, all steps
necessary to terminate any UCC financing statements and will execute such other documents without recourse, representation or warranty of any kind as the Grantor may reasonably request in writing to evidence or confirm the termination of the
security interest in such released Collateral. 

  

	6.6	The Escrow Agent shall not be required to liquidate any Collateral Investment in order to make any release hereunder unless (i) required to do so to effect any
distribution pursuant to Section 6.2 or 6.3 hereof; or (ii) instructed to do so by written instructions executed by the Grantor. 

  

	6.7	Anything in this Agreement to the contrary notwithstanding, the Escrow Agent shall disburse Escrowed Funds as directed pursuant to a final judgment of a court of
competent jurisdiction (without further right of appeal) if such order is received by the Escrow Agent prior to receiving the written notice set forth in the following clause. 

 

	6.8	 The Escrow Agent shall confirm each funds transfer instruction received in the name of the Escrow Issuer by means of the security procedure selected by
such party and communicated to the Escrow Agent through a signed certificate in the form of Schedule 6.8 attached hereto, which upon receipt by the Escrow Agent shall become a part of this Agreement. Once delivered to the Escrow Agent, Schedule 6.8
may be revised or rescinded only by a writing signed by an authorized representative of the Escrow Issuer. Such revisions or rescissions shall be effective only after actual receipt and following

  
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such period of time as may be necessary to afford the Escrow Agent a reasonable opportunity to act on it. If a revised Schedule 6.8 or a rescission of an existing Schedule 6.8 is delivered to the
Escrow Agent by an entity that is a successor-in-interest to a party, such document shall be accompanied by additional documentation satisfactory to the Escrow Agent showing that such entity has succeeded to the rights and responsibilities of the
party under this Agreement. 

 The Parties understand that the Escrow Agent’s inability to receive or confirm funds transfer
instructions pursuant to the security procedure selected by the Escrow Issuer may result in a delay in accomplishing such funds transfer, and agree that the Escrow Agent shall not be liable for any loss caused by any such delay. Each representative
authorized to act pursuant to Schedule 6.8 shall be referred to as an (“authorized representative”). 
  

	6.9	Upon request of the Grantor, (i) the Escrow Agent shall provide the Grantor the amount of fees and reasonable and documented out-of-pocket expenses due to the
Escrow Agent pursuant to Section 9 hereof and other amounts owed to the Escrow Agent pursuant to Section 7.3 and Section 8.4 hereof as of the date of such request; and (ii) the Trustee shall provide the Grantor the amount of
fees, reasonable out-of-pocket expenses of the Trustee, indemnities and other amounts owed to the Trustee under the Indenture as of the date of such request. 

 

	7.	INCOME TAX ALLOCATION AND REPORTING 

  

	7.1	The Parties agree that, for tax reporting purposes, all interest and other income from investment of the Escrowed Funds shall, as of the end of each calendar year and
to the extent required by the Internal Revenue Service, be reported as having been earned by the Escrow Issuer, whether or not such income was disbursed during such calendar year. The Escrow Issuer shall be responsible for paying taxes (including
any penalties and interest thereon) on all interest earned on the Escrowed Funds and for filing all necessary tax returns with respect to such income. Escrow Agent shall not have any obligation to file or prepare any tax returns concerning matters
covered by this Escrow Agreement. 

  

	7.2	Prior to the date hereof, the Escrow Issuer shall provide the Escrow Agent with certified tax identification numbers by furnishing appropriate forms W-9, W-8BEN, W-8CE,
W-8ECI, W-8EXP, or W-8IMY and such other related forms and documents that the Escrow Agent may request. The Parties understand that if such tax reporting documentation is not provided and certified to the Escrow Agent, the Escrow Agent may be
required by the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, to withhold a portion of any interest or other income earned on the investment of the Escrowed Funds. 

 

	7.3	 To the extent that the Escrow Agent becomes liable for the payment of any taxes in respect of income derived from the investment of the Escrowed Funds,
the Escrow Agent shall satisfy such liability from the Escrowed Funds to the extent funds are available pursuant to the terms of this Agreement. The Grantor hereby indemnifies, defends and holds the Escrow Agent harmless from and against any tax,
late payment, interest, penalty or other cost or expense that may be assessed against the Escrow Agent on or with respect to the Escrowed Funds and the investment thereof unless such tax, late

  
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payment, interest, penalty or other expense was directly caused by the gross negligence or wilful misconduct of the Escrow Agent. Payment pursuant to this Section 7.3, shall be made by the
Grantor within 60 days of receipt of written demand from the Escrow Agent. 

  

	8.	DUTIES OF THE ESCROW AGENT AND INDEMNIFICATION 

  

	8.1	The duties of the Escrow Agent are purely ministerial in nature and its sole obligation shall be to perform the duties specifically set forth in this Agreement. Under
no circumstances will the Escrow Agent be deemed to be a fiduciary to any Party or any other person under this Agreement. Except as provided in Section 8.9, the Escrow Agent will not be responsible or liable for the failure of any Party to
perform in accordance with this Agreement. The Escrow Agent shall neither be responsible for, nor chargeable with, knowledge of the terms and conditions of any other agreement, instrument, or document other than this Agreement, whether or not an
original or a copy of such agreement has been provided to the Escrow Agent; and the Escrow Agent shall have no duty to know or inquire as to the performance or nonperformance of any provision of any such agreement, instrument, or document.
References in this Agreement to any other agreement, instrument, or document are for the convenience of the Parties, and the Escrow Agent has no duties or obligations with respect thereto. This Agreement sets forth all matters pertinent to the
escrow contemplated hereunder, and no additional obligations of the Escrow Agent shall be inferred or implied from the terms of this Agreement or any other agreement. 

 

	8.2	The Escrow Agent shall be entitled to rely on and shall not be liable for any action taken or omitted to be taken in accordance with the advice of counsel retained by
the Escrow Agent. The Escrow Agent shall be reimbursed as set forth in Sections 8.4 and 9.1 hereof for any and all compensation (fees, expenses and other costs) paid and/or reimbursed to such counsel. 

 

	8.3	The Escrow Agent shall not be liable or responsible for any Liabilities or inconvenience which may result from anything done or omitted to be done by it in accordance
with this Agreement and shall bear no obligation or responsibility to any person in respect of the operation of the Escrow Account, unless such Liability arises as a result of the gross negligence or wilful misconduct of the Escrow Agent. The Escrow
Agent is not responsible for the validity or legality of any transaction associated with any of the Escrowed Funds. Under no circumstances shall the Escrow Agent or the Grantor be liable for any consequential or special loss, or indirect,
consequential, special, incidental or punitive damages, however caused or arising even if advised of the possibility of such loss or damage. 

  

	8.4	 The Grantor hereby indemnifies and holds harmless the Escrow Agent for an amount equal to any and all Liabilities or obligations of any kind whatsoever
that may be imposed on or incurred by the Escrow Agent in connection with any action, claim or proceeding brought against the Escrow Agent arising out of or relating in any way to this Agreement; provided that the Grantor shall not have any
obligation to indemnify the Escrow Agent for any claims finally determined by a court of competent jurisdiction to have resulted solely from the negligence or wilful misconduct of the Escrow Agent. The Escrow Agent may select and employ separate
counsel with respect to any such action, claim or proceeding brought against it, and provided that a court of competent 

  
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jurisdiction does not finally determine that such action, claim or proceeding resulted solely from the negligence or wilful misconduct of the Escrow Agent, the reasonable fees of such counsel
shall be paid by the Grantor. The provisions of this Section 8.4 shall survive the resignation or removal of the Escrow Agent and the termination of this Agreement. 

 

	8.5	The Escrow Issuer shall be responsible for paying taxes (including any penalties and interest thereon) on all interest earned on the Escrowed Funds and for filing all
necessary tax returns with respect to such income. Escrow Agent shall not have any obligation to file or prepare any tax returns concerning matters covered by this Escrow Agreement. 

 

	8.6	The Escrow Agent shall not be liable for any action taken or not taken, and shall be entitled to rely on and treat as a genuine document any document that it reasonably
believes in good faith to be a notice, direction or other document furnished to it by any Party or any legal counsel of a Party in writing and by whatever means without further investigation and believed by the Escrow Agent in its absolute
discretion to be genuine and to have been signed by the proper persons. 

  

	8.7	In the event that (i) any conflict, disagreements or dispute arises between, among or involving any of the Parties concerning the meaning or validity of any
provision hereunder or concerning any other matter relating to this Agreement or (ii) the Escrow Agent is of the reasonable opinion that it is unclear how it is required to act hereunder, it may, in its absolute discretion and without being
liable for any Liability resulting therefrom refrain from acting (including releasing the Escrowed Funds) until the Escrow Agent (i) receives a final non-appealable order of a court of competent jurisdiction (which shall include an order in an
interpleader action) or a final non-appealable arbitration decision directing delivery of the Escrowed Funds or (ii) receives a written agreement executed by each of the parties involved in such disagreement or dispute directing delivery of the
Escrowed Funds, in which event the Escrow Agent shall be authorized to disburse the Escrowed Funds in accordance with such final court order, arbitration decision, or agreement without further question, authority or consent. In each case, the Escrow
Agent shall be entitled to recover attorneys’ fees, expenses and other costs incurred in connection with any action, arbitration or agreement addressing such conflict, disagreement, dispute or clarification. Furthermore the Escrow Agent shall
be entitled to seek and rely upon, and shall be protected in acting in good faith upon, the advice or opinion of, or any information addressed to the Escrow Agent obtained from any lawyer and shall not be liable for any Liability occasioned by so
acting (or for any delay or inaction pending the obtaining of such advice or opinion in good faith), except to the extent that such Liability is due to the Escrow Agent’s gross negligence or wilful misconduct. 

 

	8.8	The Escrow Agent is hereby authorized, in making or disposing of any investment permitted by this Agreement, to deal with itself (in its individual capacity) or with
anyone or more of its affiliates, so long as such action is in a manner not inconsistent with the terms of this Agreement. 

  

	8.9	The Escrow Agent may execute any of its powers or responsibilities hereunder either directly or by or through its agents or attorneys representatives, custodians,
and/or nominees and the Escrow Agent shall not be responsible for any misconduct or negligence on the part of any such Party appointed by the Escrow Agent with due care. 

  
 - 12 -

	8.10	The permissive rights of the Escrow Agent to do things enumerated in this Agreement shall not be construed as duties. 

 

	8.11	No provision of this Escrow Agreement shall require the Escrow Agent to risk or advance its own funds or otherwise incur any financial liability or potential financial
liability in the performance of its duties or the exercise of its rights under this Agreement 

  

	9.	FEES AND EXPENSES 

  

	9.1	The Escrow Agent shall be entitled to compensation for its services hereunder as Grantor and the Escrow Agent shall from time to time agree in writing, which
compensation shall be paid by Grantor. The Grantor shall pay to the Escrow Agent reasonable and documented out-of-pocket expenses and disbursements to the extent then invoiced (including documentation supporting such requests), including reasonable
legal expenses of one legal counsel. 

  

	9.2	If the Escrow Agent considers it expedient or necessary to undertake duties which are of an exceptional nature or otherwise outside the scope of the normal duties of
the Escrow Agent under this Agreement, and the Escrow Agent undertakes such duties with the prior written consent of the Grantor, the Grantor shall pay to the Escrow Agent additional remuneration as agreed to by the Grantor and the Escrow Agent.

  

	9.3	All payments by the Grantor under this Section 9 shall be made free and clear of, and without withholding or deduction for, any taxes, duties, assessments or
governmental charges of any nature imposed by any government having power to tax, unless such withholding or deduction is required by law. 

  

	9.4	Any payment under this Section 9 shall be made within 30 calendar days of the date of receipt of the relevant invoice (including documentation reasonably
supporting such requests) by the Grantor. 

  

	10.	MODIFICATION 

  

	10.1	No waiver, modification to or variation of this Agreement (or any document entered into pursuant to this Agreement) shall be valid unless it is in writing and signed by
or on behalf of each Party or Parties affected. Notwithstanding the foregoing, at any time prior to the Outside Date, the Grantor, in its sole discretion and without the consent of any other Person, may amend Exhibit A hereto; provided, that the
certifications in paragraphs 1, 2 and 3 of Exhibit A hereto may not be modified without the prior written consent (which may be in the form of email) of the Representative (with the consent of the Representative not to be unreasonably withheld or
delayed). 

  

	10.2	No provisions of this Agreement (including, without limitation, those relating to the release of the Escrowed Funds under Section 6 hereof) may be modified in any
manner materially adverse to the holders of the Notes without the written consent of the holders of 75% in principal amount of the Notes then outstanding voting as a single class. 

  
 - 13 -

	11.	TERMINATION 

  

	11.1	This Agreement shall terminate upon the distribution of all Escrowed Funds from the Escrow Account in accordance with the provisions of Section 6. At such time and
upon the written instruction of the Trustee, the Escrow Agent shall reassign and redeliver to the Grantor all of the Collateral hereunder that has not been sold, disposed of, retained or applied by the Escrow Agent in accordance with the terms of
this Agreement and the Indenture. Such reassignment and redelivery to the Grantor shall be without warranty by or recourse to the Escrow Agent in its capacity as such, except as to the absence of any liens on the Collateral created by or on account
of actions of the Escrow Agent, and shall be at the reasonable expense of the Grantor. 

  

	11.2	Sections 8 and 9 hereof shall survive the termination of this Agreement. 

  

	12.	CHANGE IN ESCROW AGENT 

  

	12.1	The Escrow Agent may resign by furnishing written notice of its resignation to the Parties, and the Grantor may remove the Escrow Agent by furnishing to the Escrow
Agent written notice of its removal along with payment of all fees and expenses to which the Escrow Agent is entitled through the date of removal. 

  

	12.2	Such resignation or removal, as the case may be, shall be effective thirty (30) days after the delivery of such notice or upon the earlier appointment of a
successor (the “Effective Resignation Date”), and the Escrow Agent’s sole responsibility thereafter shall be to safely keep the Escrow Property and to deliver the same to a successor escrow agent as shall be appointed by the Grantor,
as evidenced by a written notice filed with the Escrow Agent or in accordance with a court order. 

  

	12.3	Following the transfer of the Escrowed Funds to any designated successor escrow agent or other designated party, the Escrow Agent shall automatically be discharged from
its obligations under this Agreement. 

  

	12.4	If, prior to the Effective Resignation Date, the Grantor has not appointed a successor escrow agent or instructed the Escrow Agent to transfer the Escrowed Funds in
accordance with Section 12.3 above, the Escrow Agent may, on or after the Effective Resignation Date, (i) petition any court of competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief, and any
such resulting appointment shall be binding upon the Parties or (ii) appoint a nationally recognized financial institution as successor escrow agent. Any such appointment shall be binding upon all of the Parties hereto and the Escrow Agent
shall be entitled to transfer the Escrowed Funds to the successor escrow agent so appointed, at which such time the Escrow Agent’s obligations hereunder shall terminate. 

 

	13.	ASSIGNMENT 

  

	13.1	 Nothing in this Agreement, expressed or implied, shall give or be construed to give any person, firm or corporation, other than the Parties hereto and
their successors and 

  
 - 14 -

	 	
assigns, any legal claim under any covenant, condition or provision hereof, all the covenants, conditions and provisions contained in this Agreement being for the sole benefit of the Parties
hereto and their successors and assigns. 

  

	13.2	No Party shall assign, transfer, or create security over, all or any of its rights or obligations under this Agreement without the prior written consent of the other
Parties, which consent may be withheld in the sole discretion of the Party whose consent is sought. Any purported assignment, transfer or security without that consent shall be null and void and of no force or effect. 

 

	13.3	If the Escrow Agent consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation or banking
association, the successor corporation or association without any further act pursuant to Section 13.2, so long as such corporation or banking association is a nationally recognized financial institution, shall be the successor Escrow Agent.

  

	14.	COUNTERPARTS 

 This
Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will be deemed to constitute one and the same agreement. 

 

	15.	ENTIRE AGREEMENT 

 This
Agreement represents the whole agreement among the Parties in relation to its subject matter and supersedes all prior representations, promises, agreements and understandings. The invalidity, illegality or unenforceability of a provision of this
Agreement does not affect or impair the continuation in force of the remainder of it. 
  

	16.	NOTICES 

  

	16.1	Any notice required to be given under this Agreement to any of the Parties shall be made in the English language, shall be delivered in person, sent by pre-paid
(certified or registered) mail, by nationally recognized overnight courier, or by fax or email addressed to: 

If to the Trustee or Escrow Agent: 
 Wells Fargo Bank, National Association 
 150 East 42nd Street, 40th Floor

 New York, NY 10017 
 Attention: Corporate Trust Services – Atlas Resource 
 Fax: 917-260-1593

 Email: Yana.Kislenko@WellsFargo.com 
 If to the Grantor: 
 Atlas Resource Partners, L.P. 

Park Place Corporate Center One 
 1000 Commerce Drive, Suite 400 
 Pittsburgh, Pennsylvania 

Fax: 215-761-0457 

Attention: Lisa Washington 

  
 - 15 -

 with a copy (which shall not constitute notice) to: 

Ledgewood, P.C. 

1900 Market Street 
 Philadelphia, Pennsylvania 19103 
 Fax: (215) 735-2513 

Attention: J. Baur Whittlesey 
 If to the Representative: 
 Deutsche Bank Securities Inc. 

60 Wall Street 

New York, New York 10005 
 Facsimile: (212) 797-4877 
 Attention: Leveraged Debt Capital Markets

 with a copy (which shall not constitute notice) to: 
 Cahill Gordon & Reindel LLP 
 80 Pine Street 

New York, New York 10005 
 Facsimile: (212) 378-2543 
 Attention: Douglas Horowitz, Esq. 

or any other address of which written notice has been given to the Parties in accordance with this Section. 

 

	16.2	Any such notice shall take effect, if delivered in person, at the time of delivery, if sent by registered or certified mail, the third following Business Day, if sent
by nationally recognized overnight courier, the next Business Day, and, in the case of fax or email, 24 hours after the time of dispatch, provided that in the case of a notice given by fax transmission or email, no mail delivery disruption report is
returned to the sender sdurint such period. 

  

	16.3	All notices and certificates sent or delivered to the Escrow Agent by any Party (other than the Trustee) shall simultaneously be delivered to the Trustee.

  

	17.	GOVERNING LAW AND JURISDICTION 

  

	17.1	This Agreement and any non-contractual obligations arising out of or in connection with it shall be governed by and construed in accordance with the laws of the State
of New York without regard to principles of conflicts of laws to the extent that the application of the law of another jurisdiction would be required thereby. 

 

	17.2	 Each Party hereto irrevocably (i) agrees that any legal suit, action or proceeding against such Party arising out of or based upon this Agreement
or the transactions contemplated 

  
 - 16 -

	 	
hereby may be instituted in any U.S. Federal or state court in the Borough of Manhattan, The City of New York and (ii) waives, to the fullest extent it may effectively do so, any objection
which it may now or hereafter have to the laying of venue of any such proceeding. 

  

	17.3	WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LE-GAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT.

  

	18.	WIRE TRANSFER INSTRUCTIONS 

  

	18.1	All cash deposited into the Escrow Account by any Person will be transferred by wire transfer (except for transfers to the Escrow Account by the Trustee which may be by
book entry) of immediately available funds in accordance with wire instructions set forth in Schedule A-1. 

  

	18.2	All cash (including the cash proceeds from liquidation of any Escrowed Funds) distributed from the Escrow Account to any Person will be transferred by wire transfer
(except for transfers from the Escrow Account to the Trustee which may be by book entry) of immediately available funds in accordance with wire instructions provided in writing by any Party to the Escrow Agent in Schedule A-2, which shall be
superseded by any amendments thereto or such other schedules provided subsequent to the execution of this Agreement, prior to such distribution. 

  

	18.3	If, upon termination of this Agreement and after any required liquidation or distribution of Escrowed Funds for the benefit of any person other than the Grantor,
pursuant to Section 6 hereof, any Escrowed Funds consists of assets other than cash and are to be released to the Grantor, the Escrow Agent shall liquidate such Escrowed Funds into cash and distribute them pursuant to Section 6.3 hereof
unless the Grantor has provided a prior written request to the Escrow Agent not to liquidate such Escrowed Funds and to deliver such non-cash Escrowed Funds in kind to the Grantor, to the extent the Grantor is entitled to a distribution, at such
account(s) or location(s) specified by the Grantor in such written request. If the Escrow Agent receives such a request, it shall deliver such non-cash Escrowed Funds to the Grantor as promptly as practicable. No request by the Parties pursuant to
this paragraph shall constitute an “entitlement order” or instruction with respect to the Escrowed Funds prior to the termination of this Agreement. 

 

	19.	U.S.A. PATRIOT ACT  

 The
parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Escrow Agent, in order to help fight the funding of terrorism and prevent money laundering, is required to obtain, verify, and record information that
identifies each person or legal entity that establishes a relationship or opens an account with the Escrow Agent. The parties to this Escrow Agreement agree that they will provide the Escrow Agent with such information as it may request in order for
the Escrow Agent to satisfy the requirements of the U.S.A. Patriot Act. 

  
 - 17 -

	20.	MISCELLANEOUS 

  

	20.1	In the event that any Escrowed Funds shall be attached, garnished or levied upon by any court order, or the delivery thereof shall be stayed or enjoined by an order of
a court, or any order, judgment or decree shall be made or entered by any court order affecting the Escrowed Funds, the Escrow Agent is hereby expressly authorized, in its sole discretion, to respond as it deems appropriate or to comply with all
writs, orders or decrees so entered or issued, or which it is advised by legal counsel of its own choosing is binding upon it, whether with or without jurisdiction. In the event that the Escrow Agent obeys or complies with any such writ, order or
decree it shall not be liable to any of the Parties or to any other person, firm or corporation, should, by reason of such compliance notwithstanding, such writ, order or decree be subsequently reversed, modified, annulled, set aside or vacated.

  

	20.2	The Parties are aware that under applicable state law, property which is presumed abandoned may under certain circumstances escheat to the applicable state. The Escrow
Agent shall have no liability to the Parties, their respective heirs, legal representatives, successors and assigns, or any other party, should any or all of the Escrowed Funds escheat by operation of law. 

 

	20.3	The Parties agree that if any provision of this Agreement shall under any circumstances be deemed invalid or inoperative this Agreement shall be construed with the
invalid or inoperative provisions deleted and the rights and obligations of the Parties shall be construed and enforced accordingly. 

  

	20.4	The headings used in this Agreement are for convenience only and shall not constitute a part of this Agreement. 

[Signature Pages Follow] 

  
 - 18 -

 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by duly
authorized representatives as of the day and year first written above. 
  

							
	 ATLAS RESOURCE ESCROW CORPORATION, as a Grantor

			
		 	By	 	 /s/ Sean McGrath

		 		 	Name:	 	Sean McGrath
		 		 	Title:	 	Chief Financial Officer

 Signature Page to Escrow Agreement 

(Grantor) 

 
							
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as the Trustee and Escrow Agent

			
		 	By	 	 /s/ Yana Kislenko

		 		 	Name:	 	Yana Kislenko
		 		 	Title:	 	Vice President

 Signature Page to Escrow Agreement 

(Trustee and Escrow Agent) 

 Exhibit A 
 Form of Officer’s Certificate 
 This certificate is being delivered
pursuant to Section 6.2 of the Escrow Agreement, dated as of July 31, 2013 (the “Escrow Agreement”), between Atlas Resource Escrow Corporation, a Delaware corporation (the “Escrow Issuer”) (the Escrow
Issuer, a “Grantor”), and Wells Fargo Bank, National Association, as Trustee under the Indenture referred to in the Escrow Agreement and as Escrow Agent (“Escrow Agent”). Unless otherwise indicated, capitalized
terms used but not defined herein have the respective meanings specified in the Escrow Agreement or the Indenture. The Grantor hereby certifies to the Escrow Agent and directs the Escrow Agent through the undersigned officer as follows: 

(1) (a) the Acquisition will be substantially concurrent with the disbursement of the Escrowed Funds as provided hereunder,
consummated in all material respects in accordance with the terms of the Acquisition Agreement and (b) no provision of the Acquisition Agreement has been altered, amended or otherwise changed or supplemented, or any provision waived or
consented to, in any manner that is material and adverse to the holders of the Notes, as determined in good faith by the Grantor, without the consent of the holders of the Notes as required under the Indenture); 

(2) (a) Atlas Energy Holdings Operating Company, LLC (the “Company”) and Atlas Resource Finance Corporation
(“FinCo” and together with the Company, the “Issuers”) and (b) Atlas Resource Partners, L.P. and each of the Issuers’ domestic subsidiaries (collectively, the “Required Guarantors”) will
substantially concurrently with the Acquisition execute and deliver a supplemental indenture pursuant to which, substantially concurrently with a disbursement of the Escrowed Funds as provided hereunder, the Issuers shall assume the obligations of
the Escrow Issuer under the Notes and the Indenture and the Required Guarantors have guaranteed the performance and payment of the Notes; 
 (3) each of the conditions set forth in Section Section 6 of the Purchase Agreement has been, or will be substantially concurrently with the disbursement of Escrowed Funds as provided hereunder,
satisfied; 
 (4) no Default or Event of Default (each as defined in the Indenture) has occurred or is continuing. 

Instructions: 
 All of the
Escrowed Funds will be deemed immediately released and will be transferred to the Issuers on the date hereof by wire transfer of immediately available funds in accordance with the following wire transfer instructions: 

Bank Name: Key Bank, National Association 
 Bank Address: Cleveland, Ohio 
 ABA No.: 041001039 

Account Name (Beneficiary): Atlas Energy Holdings Operating Company, LLC 

Account No.: 359681303905 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, Grantor, through the undersigned officer, has signed this officer’s
certificate this day      of             , 2013. 
  

					
	  

		
	By:	 	  

		 	Name:	 	
		 	Title:	 	

 Schedule A-1 
 WIRE INSTRUCTIONS 
 All cash deposited into the Escrow Account will be transferred
by wire transfer of immediately available funds in accordance with the following wire transfer instructions: 
  

			
	Bank:	  	Wells Fargo Bank, National Association
	ABA No.:	  	
	Account Name (Beneficiary):	  	
	Account No.: `	  	
	F/F/C/:	  	
	Attention:	  	
	Ref:	  	

 Schedule A-2 
 WIRE INSTRUCTIONS 
 All cash distributed from the Escrow Account to the Trustee for
payment on the Notes pursuant to a Special Mandatory Redemption Event will be transferred by wire transfer of immediately available funds in accordance with the following wire transfer instructions: 

 

			
	Bank:	  	Wells Fargo Bank, N.A.
	ABA No.:	  	
	Account Name (Beneficiary):	  	
	Account No.: `	  	
	Attention:	  	
	F/F/C/:	  	
	Ref:	  	

 All cash distributed from the Escrow Account to the Issuers for payment, in part, of the Acquisition, in
accordance with Section 6 of the Escrow Agreement, will be transferred by the Escrow Agent by wire transfer of immediately available funds in accordance with the written wire transfer instructions delivered by the Grantor to the Trustee in
connection with Acquisition as set forth in an Officer’s Certificate substantially in the form of Exhibit A to the Escrow Agreement. 
 All cash distributed from the Escrow Account to the Grantor for payment in accordance with Section 6.3 of the Escrow Agreement will be transferred by wire transfer of immediately available funds in
accordance with the following wire transfer instructions: 
  

			
	Bank Name: Key Bank, National Association
	Bank Address:	  	
	ABA No.:	  	
	Account Name (Beneficiary):	  	
	Account No.:	  	

 SCHEDULE 6.8 
 The Escrow and Security Agreement by and among Atlas Resource Escrow Corporation, Wells Fargo Bank, National Association, solely as trustee, and Wells Fargo Bank, National Association. (the
“Escrow Agent”) dated July 30, 2013 (the “Agreement”) 
 I hereby certify that I am authorized
to deliver this Schedule 6.8 on behalf of Atlas Resource Escrow Corporation (the “Organization”), and hereby further certify that the names, titles, telephone numbers, email addresses and specimen signatures set forth below identify the
persons authorized to provide direction and initiate or confirm transactions, including funds transfer instructions, on behalf of the Organization, and that the option checked in Part C of this Schedule 6.8 is the security procedure selected by the
Organization for use in verifying that a funds transfer instruction received by the Escrow Agent is that of the Organization. 
 The Organization has reviewed each of these security procedures and has determined that the option checked in Part C of this Schedule 6.8 best meets its requirements; given the size, type and frequency
of the instructions it will issue to the Escrow Agent. By selecting the security procedure specified in Part C of this Schedule 6.8, the Organization acknowledges that it has elected to not use the other security procedures described below and
agrees to be bound by any funds transfer instruction, whether or not authorized, issued in its name and accepted by the Escrow Agent in compliance with the particular security procedure chosen by the Organization. 

NOTICE: The security procedure selected by the Organization will not be used to detect errors in the funds transfer
instructions given by the Organization. If a funds transfer instruction describes the beneficiary of the payment inconsistently by name and account number, payment may be made on the basis of the account number even if it identifies a person
different from the named beneficiary. If a funds transfer instruction describes a participating financial institution inconsistently by name and identification number, the identification number may be relied upon as the proper identification of the
financial institution. Therefore, it is important that the Organization take such steps as it deems prudent to ensure that there are no such inconsistencies in the funds transfer instructions it sends to the Escrow Agent. 

 Part A 

 

	 	•	 	 Name, Title, Telephone Number, Email Address and Specimen Signature 

 

	 	•	 	 for person(s) designated to provide direction, including but not limited to funds transfer instructions, and to otherwise act on behalf of the
Organization 

  

									
	 Name
	  	 Title
	  	 Telephone Number
	  	 Email Address
	  	 Specimen Signature

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

					
	  
	  	  
	  	  
	  	  
	  	  

 [list more if desired] 
 Part B 
  

	 	•	 	 Name, Title, Telephone Number and Email Address for person(s) designated to confirm funds transfer instructions 

 

							
	 Name
	  	 Title
	  	 Telephone Number
	  	 Email Address

				
	  
	  	  
	  	  
	  	  

				
	  
	  	  
	  	  
	  	  

				
	  
	  	  
	  	  
	  	  

 [list more if desired] 

 Part C 
 Means for delivery of instructions and/or confirmations 
 The security procedure to
be used with respect to funds transfer instructions is checked below: 
  

	 ̈	Option 1. Confirmation by telephone call-back. The Escrow Agent shall confirm funds transfer instructions by telephone call-back to a person at the
telephone number designated on Part B above. The person confirming the funds transfer instruction shall be a person other than the person from whom the funds transfer instruction was received, unless only one person is designated in both Parts A and
B of this Schedule 6.8. 

  

	 	 ̈	CHECK box, if applicable: 

 If
the Escrow Agent is unable to obtain confirmation by telephone call-back, the Escrow Agent may, at its discretion, confirm by email, as described in Option 2. 
  

	 ̈	Option 2. Confirmation by email. The Escrow Agent shall confirm funds transfer instructions by email to a person at the email address specified for such
person in Part B of this Schedule. The person confirming the funds transfer instruction shall be a person other than the person from whom the funds transfer instruction was received, unless only one person is designated in both Parts A and B of this
Schedule 6.8. The Organization understands the risks associated with communicating sensitive matters, including time sensitive matters, by email. The Organization further acknowledges that instructions and data sent by email may be less confidential
or secure than instructions or data transmitted by other methods. The Escrow Agent shall not be liable for any loss of the confidentiality of instructions and data prior to receipt by the Escrow Agent. 

 

	 	 ̈	CHECK box, if applicable: 

 If
the Escrow Agent is unable to obtain confirmation by email, the Escrow Agent may, at its discretion, confirm by telephone call-back, as described in Option 1. 
  

	 ̈	Option 3. Delivery of funds transfer instructions by password protected file transfer system only - no confirmation. The Escrow Agent offers the option to
deliver funds transfer instructions through a password protected file transfer system. If the Organization wishes to use the password protected file transfer system, further instructions will be provided by the Escrow Agent. If the Organization
chooses this Option 3, it agrees that no further confirmation of funds transfer instructions will be performed by the Escrow Agent. 

  

	 ̈	Option 4. Delivery of funds transfer instructions by password protected file transfer system with confirmation. Same as Option 3 above, but the Escrow
Agent shall confirm funds transfer instructions by  ̈ telephone call-back or  ̈ email (must check at least one, may check both) to a person at the
telephone number or email address designated on Part B above. By checking a box in the prior sentence, the party shall be deemed to have agreed to the terms of such confirmation option as more fully described in Option 1 and Option 2 above.

  

			
	Dated this      day of             , 20    .
		
	By	 	  

	Name:	 	
	Title:EX-10.2

 Exhibit 10.2 
 EXECUTION VERSION 
 FORM OF REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT dated July 31, 2013 (this “Agreement”) is entered into by and among Atlas Energy
Holdings Operating Company, LLC, a Delaware limited liability company (the “Company”) and Atlas Resource Finance Corporation, a Delaware corporation, (the “Co-Issuer” and, collectively with the Company, the
“Issuers”), the guarantors listed in Schedule 1 hereto (the “Initial Guarantors”), and Deutsche Bank Securities Inc. on behalf of itself and each of the initial purchasers listed in Schedule A to the Purchase
Agreement (the “Initial Purchasers”). 
 Atlas Resource Escrow Corporation (the “Escrow
Issuer”), the Issuers, the Guarantors and the Initial Purchasers are parties to the Purchase Agreement dated July 25, 2013 (the “Purchase Agreement”), which provides for the sale by the Escrow Issuer to the Initial
Purchasers of $250 million aggregate principal amount of the Escrow Issuer’s 9.25% Senior Notes due 2021 (the “Securities”). Pursuant to the Purchase Agreement, upon the Escrow Assumption (as defined in the Purchase Agreement),
the Issuers will assume the rights and obligations of the Escrow Issuer as the successor obligors under the Securities and the Securities will be guaranteed on an unsecured senior basis by each of the Guarantors. As an inducement to the Initial
Purchasers to enter into the Purchase Agreement, the Issuers and the Guarantors have agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and
delivery of this Agreement is a condition to the release of the Escrow Property (as defined in the Purchase Agreement). 
 In
consideration of the foregoing, the parties hereto agree as follows: 
 1. Definitions. As used in this Agreement, the
following terms shall have the following meanings: 
 “Additional Guarantor” shall mean any subsidiary of the
Company that executes a Guarantee under the Indenture after the date of this Agreement. 
 “Business Day” shall
mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed. 
 “Company” shall have the meaning set forth in the preamble and shall also include the Company’s successors. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time. 
 “Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof. 
 “Exchange Offer” shall mean the exchange offer by the Issuers and the Guarantors of Exchange Securities for Registrable Securities pursuant to Section 2(a) hereof. 

“Exchange Offer Registration” shall mean a registration under the Securities Act effected pursuant to Section 2(a)
hereof. 
 “Exchange Offer Registration Statement” shall mean an exchange offer registration statement on Form
S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document
incorporated by reference therein. 

 “Exchange Securities” shall mean senior notes issued by the Issuers and
guaranteed by the Guarantors under the Indenture containing terms identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to any increase in annual interest rate for failure to comply with
this Agreement) and to be offered to Holders of Securities in exchange for Securities pursuant to the Exchange Offer. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared
by or on behalf of the Issuers or used or referred to by the Issuers in connection with the sale of the Securities or the Exchange Securities. 
 “Guarantees” shall mean the guarantees of the Securities and guarantees of the Exchange Securities by the Guarantors under the Indenture. 

“Guarantors” shall mean the Initial Guarantors, any Additional Guarantors and any Guarantor’s successor that
Guarantees the Securities. 
 “Holders” shall mean the Initial Purchasers, for so long as they own any
Registrable Securities, and each of their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that, for purposes of Section 4 and Section 5 hereof, the
term “Holders” shall include Participating Broker-Dealers. 
 “Indemnified Person” shall have the
meaning set forth in Section 5(c) hereof. 
 “Indemnifying Person” shall have the meaning set forth in
Section 5(c)hereof. 
 “Indenture” shall mean the Indenture relating to the Securities dated as of
July 30, 2013 among the Escrow Issuer and U.S. Bank National Association, as trustee (the “Trustee”), as amended by the Supplemental Indenture, dated as of the date hereof, among the Issuers, the Escrow Issuer, the Guarantors
and the Trustee and as the same may be amended from time to time in accordance with the terms thereof. 
 “Initial
Purchasers” shall have the meaning set forth in the preamble. 
 “Inspector” shall have the meaning
set forth in Section 3(a)(xiv) hereof. 
 “Issuer Information” shall have the meaning set forth in
Section 5(a) hereof. 
 “Majority Holders” shall mean the Holders of a majority of the aggregate principal
amount of the outstanding Registrable Securities; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by
the Issuers or any of its affiliates shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided, further, that if the Issuers shall issue any
additional Securities under the Indenture prior to consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities to which this Agreement relates
shall be treated together as one class for purposes of determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 

  
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 “Notice and Questionnaire” shall mean a notice of registration statement
and selling security holder questionnaire distributed to a Holder by the Issuers upon receipt of a Shelf Request from such Holder. 
 “Participating Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof. 
 “Participating Holder” shall mean any Holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Issuers in accordance with
Section 2(b) hereof. 
 “Person” shall mean an individual, partnership, limited liability company,
corporation, trust or unincorporated organization, or a government or agency or political subdivision thereof. 

“Prospectus” shall mean the prospectus included in, or, pursuant to the rules and regulations of the Securities Act,
deemed a part of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus supplement with respect to the terms of the offering of any
portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document incorporated by reference therein. 

“Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable
Securities (i) when a Registration Statement with respect to such Securities has become effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such Registration Statement, or (ii) when such
Securities cease to be outstanding; provided, however, that Securities held by an Initial Purchaser and that are ineligible to be exchanged in the Exchange Offer shall remain Registrable Securities notwithstanding the consummation of the Exchange
Offer. 
 “Registration Default” shall mean the occurrence of any of the following: (i) the Exchange Offer
is not completed on or prior to the Target Registration Date, (ii) the Shelf Registration Statement, if required pursuant to Section 2(b)(i) or Section 2(b)(ii) hereof, has not become effective within 90 days after the Target
Registration Date, (iii) if the Issuers receive a Shelf Request pursuant to Section 2(b)(iii), the Shelf Registration Statement required to be filed thereby has not become effective within 90 days after the Target Registration Date,
(iv) the Shelf Registration Statement, if required by this Agreement, has become effective and thereafter ceases to be effective or the Prospectus contained therein ceases to be usable, in each case whether or not permitted by this Agreement,
at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 30 days (whether or not consecutive) in any 12-month period or (v) the Shelf Registration Statement, if required by this
Agreement, has become effective and thereafter, on more than two occasions in any 12-month period during the Shelf Effectiveness Period, the Shelf Registration Statement ceases to be effective or the Prospectus contained therein ceases to be usable,
in each case whether or not permitted by this Agreement. 
 “Registration Expenses” shall mean any and all
expenses incident to performance of or compliance by the Issuers and the Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees, (ii) all fees and expenses incurred
in connection with compliance with state securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Securities or Registrable
Securities), (iii) all expenses of any Persons in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus, any Free Writing Prospectus and any amendments or supplements thereto,
any underwriting agreements, securities sales agreements or other similar agreements and any other documents relating to the performance of and compliance 

  
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with this Agreement, (iv) all rating agency fees, (v) all fees and disbursements relating to the qualification of the Indenture under applicable securities laws, (vi) the fees and
disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Issuers and the Guarantors and, in the case of a Shelf Registration Statement, the reasonable fees and disbursements of one counsel for the
Participating Holders (which counsel shall be selected by the Participating Holders holding a majority of the aggregate principal amount of Registrable Securities held by such Participating Holders and which counsel may also be counsel for the
Initial Purchasers) and (viii) the fees and disbursements of the independent registered public accountants of the Issuers and the Guarantors, including the expenses of any special audits or “comfort” letters required by or incident to
the performance of and compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting discounts and commissions,
brokerage commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder. 

“Registration Statement” shall mean any registration statement of the Issuers and the Guarantors that covers any of the
Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement, including post-effective amendments, in each case including the Prospectus contained
therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

“SEC” shall mean the United States Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble. 

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Issuers and the Guarantors
that covers all or a portion of the Registrable Securities (but no other securities unless approved by a majority in aggregate principal amount of the Securities held by the Participating Holders) on an appropriate form under Rule 415 under the
Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a part
thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Shelf Request” shall have
the meaning set forth in Section 2(b) hereof. 
 “Staff” shall mean the staff of the SEC. 

“Target Registration Date” shall mean 365 days after the date hereof. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

“Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for reoffering
to the public. 

  
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 2. Registration Under the Securities Act. 

(a) To the extent not prohibited by any applicable law or applicable interpretations of the Staff, the Issuers and the Guarantors shall
use their reasonable best efforts to (x) cause to be filed an Exchange Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for Exchange Securities and (y) have such Registration
Statement become and remain effective until 180 days after the last Exchange Date for use by one or more Participating Broker-Dealers. The Company and the Guarantors shall commence the Exchange Offer promptly after the Exchange Offer Registration
Statement is declared effective by the SEC and use their reasonable best efforts to complete the Exchange Offer not later than 60 days after such effective date. 
 The Company and the Guarantors shall commence the Exchange Offer by mailing the related Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder stating, in addition
to such other disclosures as are required by applicable law, substantially the following: 
 (i) that the
Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for exchange; 

(ii) the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice
is mailed) (the “Exchange Dates”); 
 (iii) that any Registrable Security not tendered will
remain outstanding and continue to accrue interest but will not retain any rights under this Agreement, except as otherwise specified herein; 
 (iv) that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Security, together with the appropriate
letters of transmittal, to the institution and at the address and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable Security, in each
case prior to the close of business on the last Exchange Date; and 
 (v) that any Holder will be entitled to
withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending to the institution and at the address specified in the notice, a telegram, facsimile transmission or letter setting forth the name of such
Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its election to have such Securities exchanged or (B) effecting such withdrawal in compliance with the applicable
procedures of the depositary for the Registrable Securities. 
 As a condition to participating in the Exchange Offer, a Holder
will be required to represent to the Issuers and the Guarantors that (1) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (2) at the time of the commencement of the Exchange Offer it has
no arrangement or understanding with any Person to participate in the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (3) it is not an
“affiliate” (within the meaning of Rule 405 under the Securities Act) of the Issuers or any Guarantor and (4) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable
Securities that were acquired as a result of market-making or other trading activities, then such Holder will deliver a Prospectus (or, to the extent permitted by law, make available a Prospectus to purchasers) in connection with any resale of such
Exchange Securities. 

  
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 As soon as practicable after the last Exchange Date, the Issuers and the Guarantors shall:

 (I) accept for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn
pursuant to the Exchange Offer; and 
 (II) deliver, or cause to be delivered, to the Trustee for cancellation
all Registrable Securities or portions thereof so accepted for exchange by the Issuers and issue, and cause the Trustee to promptly authenticate and deliver to each Holder, Exchange Securities equal in principal amount to the principal amount of the
Registrable Securities tendered by such Holder. 
 The Company and the Guarantors shall use their reasonable best efforts to
complete the Exchange Offer as provided above and shall comply with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be
subject to any conditions, other than that the Exchange Offer does not violate any applicable law or applicable interpretations of the Staff. 
 (b) In the event that (i) the Issuers and the Guarantors determine that the Exchange Offer Registration provided for in Section 2(a) hereof is not available or the Exchange Offer may not be
completed as soon as practicable after the last Exchange Date because it would violate any applicable law or applicable interpretations of the Staff, (ii) the Exchange Offer is not for any other reason completed by the Target Registration Date
or (iii) upon receipt of a written request (a “Shelf Request”) from any Initial Purchaser representing that it holds Registrable Securities that are or were ineligible to be exchanged in the Exchange Offer, the Issuers and the
Guarantors shall use their reasonable best efforts to cause to be filed as soon as practicable after such determination, date or Shelf Request, as the case may be, a Shelf Registration Statement providing for the sale of all the Registrable
Securities by the Holders thereof and to have such Shelf Registration Statement become effective; provided that no Holder will be entitled to have any Registrable Securities included in any Shelf Registration Statement, or entitled to use the
prospectus forming a part of such Shelf Registration Statement, until such Holder shall have delivered a completed and signed Notice and Questionnaire and provided such other information regarding such Holder to the Issuers as is contemplated by
Section 3(b) hereof. 
 In the event that the Issuers and the Guarantors are required to file a Shelf Registration
Statement pursuant to clause (iii) of the preceding sentence, the Issuers and the Guarantors shall use their reasonable best efforts to file and have become effective both an Exchange Offer Registration Statement pursuant to Section 2(a)
hereof with respect to all Registrable Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities held by
the Initial Purchasers after completion of the Exchange Offer. 
 The Company and the Guarantors agree to use their reasonable
best efforts to keep the Shelf Registration Statement continuously effective until the first anniversary from the effective date of the Shelf Registration Statement have been sold or otherwise cease to be Registrable Securities (the “Shelf
Effectiveness Period”). The Company and the Guarantors further agree to supplement or amend the Shelf Registration Statement, the related Prospectus and any Free Writing Prospectus if required by the rules, regulations or instructions
applicable to the registration form used by the Issuers for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or if reasonably requested by a Holder of Registrable Securities with respect to
information relating to such Holder, and to use their reasonable best efforts to cause any such amendment to become effective, if required, and such Shelf Registration Statement, Prospectus or Free Writing Prospectus, as the case may be, to become
usable as soon as thereafter practicable. The Company and the Guarantors agree to furnish to the Participating Holders copies of any such supplement or amendment promptly after its being used or filed with the SEC. 

  
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 (c) The Company and the Guarantors shall pay all Registration Expenses in connection with
any registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of such Holder’s
Registrable Securities pursuant to the Shelf Registration Statement. 
 (d) An Exchange Offer Registration Statement pursuant to
Section 2(a) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been
declared effective by the SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 
 If a Registration Default occurs, the interest rate on the Registrable Securities will be increased by (i) 0.25% per annum for the first 90-day period beginning on the day immediately following
such Registration Default and (ii) an additional 0.25% per annum with respect to each subsequent 90-day period, in each case until and including the date such Registration Default ends, up to a maximum increase of 1.00% per annum. A
Registration Default ends when the Securities cease to be Registrable Securities or, if earlier, (1) in the case of a Registration Default under clause (i) of the definition thereof, when the Exchange Offer is completed, (2) in the
case of a Registration Default under clause (ii) or clause (iii) of the definition thereof, when the Shelf Registration Statement becomes effective or (3) in the case of a Registration Default under clause (iv) or clause (v)
of the definition thereof, when the Shelf Registration Statement again becomes effective or the Prospectus again becomes usable. If at any time more than one Registration Default has occurred and is continuing, then, until the next date that there
is no Registration Default, the increase in interest rate provided for by this paragraph shall apply as if there occurred a single Registration Default that begins on the date that the earliest such Registration Default occurred and ends on such
next date that there is no Registration Default. 
 (e) Without limiting the remedies available to the Initial Purchasers and
the Holders, the Issuers and the Guarantors acknowledge that any failure by the Issuers or the Guarantors to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial
Purchasers or the Holders for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such
relief as may be required to specifically enforce the Issuers’ and the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof. 
 3. Registration Procedures. 
 (a) In connection with their obligations
pursuant to Section 2(a) and Section 2(b) hereof, the Issuers and the Guarantors shall as expeditiously as possible: 
 (i) prepare and file with the SEC a Registration Statement on the appropriate form under the Securities Act, which form (A) shall be selected by the Issuers and the Guarantors, (B) shall, in the
case of a Shelf Registration, be available for the sale of the Registrable Securities by the Holders thereof and (C) shall comply as to form in all material respects with the requirements of the applicable form and include all financial
statements required by the SEC to be filed therewith; and use their reasonable best efforts to cause such Registration Statement to become effective and remain effective for the applicable period in accordance with Section 2 hereof; 

  
 -7-

 (ii) prepare and file with the SEC such amendments and post-effective
amendments to each Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented by any required prospectus
supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(3) of and Rule 174 under the Securities Act that is applicable to
transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities; 
 (iii) to
the extent any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus that is required to be filed by the Issuers or the Guarantors with the SEC in accordance with the Securities Act and to retain any Free Writing Prospectus
not required to be filed; 
 (iv) in the case of a Shelf Registration, furnish to each Participating Holder, to
counsel for the Initial Purchasers, to counsel for such Participating Holders and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, preliminary prospectus or Free
Writing Prospectus, and any amendment or supplement thereto, as such Participating Holder, counsel or Underwriter may reasonably request in order to facilitate the sale or other disposition of the Registrable Securities thereunder; and, subject to
Section 3(c) hereof, the Issuers and the Guarantors consent to the use of such Prospectus, preliminary prospectus or such Free Writing Prospectus and any amendment or supplement thereto in accordance with applicable law by each of the
Participating Holders and any such Underwriters in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus, preliminary prospectus or such Free Writing Prospectus or any amendment
or supplement thereto in accordance with applicable law; 
 (v) use their reasonable best efforts to register or
qualify the Registrable Securities under all applicable state securities or blue sky laws of such jurisdictions as any Participating Holder shall reasonably request in writing by the time the applicable Registration Statement becomes effective;
cooperate with such Participating Holders in connection with any filings required to be made with FINRA; and do any and all other acts and things that may be reasonably necessary or advisable to enable each Participating Holder to complete the
disposition in each such jurisdiction of the Registrable Securities owned by such Participating Holder; provided that neither the Issuers nor any Guarantor shall be required to (1) qualify as a foreign corporation or other entity or as a
dealer in securities in any such jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject itself to taxation in any such jurisdiction if
it is not so subject; 
 (vi) notify counsel for the Initial Purchasers and, in the case of a Shelf Registration,
notify each Participating Holder and counsel for such Participating Holders promptly and, if requested by any such Participating Holder or counsel, confirm such advice in writing (1) when a Registration Statement has become effective, when any
post-effective amendment thereto has been filed and becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement to the Prospectus or any Free Writing Prospectus has been filed, (2) of any request by the SEC
or any state securities authority for amendments and supplements to a Registration Statement, Prospectus or any Free Writing Prospectus or for additional information after the Registration Statement has become effective, (3) of the issuance by
the SEC or any state securities authority of any stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Issuers of any notice of objection of the SEC to
the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if, between the applicable 

  
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effective date of a Shelf Registration Statement and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of the Issuers or any Guarantor
contained in any underwriting agreement, securities sales agreement or other similar agreement, if any, relating to an offering of such Registrable Securities cease to be true and correct in all material respects or if the Issuers or any Guarantor
receives any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (5) of the happening of any event during the period a
Registration Statement is effective that makes any statement made in such Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material respect or that requires the making of any changes in such Registration
Statement or Prospectus or any Free Writing Prospectus in order to make the statements therein not misleading and (6) of any determination by the Issuers or any Guarantor that a post-effective amendment to a Registration Statement or any
amendment or supplement to the Prospectus or any Free Writing Prospectus would be appropriate; 
 (vii) use their
reasonable best efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2) under the
Securities Act, including by filing an amendment to such Registration Statement on the proper form, at the earliest possible moment and provide immediate notice to each Holder or Participating Holder of the withdrawal of any such order or such
resolution; 
 (viii) in the case of a Shelf Registration, furnish to each Participating Holder, without charge,
at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated therein by reference or exhibits thereto, unless requested); 

(ix) in the case of a Shelf Registration, cooperate with the Participating Holders to facilitate the timely preparation
and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends and enable such Registrable Securities to be issued in such denominations and registered in such names (consistent with the
provisions of the Indenture) as such Participating Holders may reasonably request at least one Business Day prior to the closing of any sale of Registrable Securities; 

(x) upon the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof, use their reasonable best efforts to
prepare and file with the SEC a supplement or post-effective amendment to the applicable Exchange Offer Registration Statement or Shelf Registration Statement or the related Prospectus or any Free Writing Prospectus or any document incorporated
therein by reference or file any other required document so that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus or Free Writing Prospectus, as the case may
be, will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; and the Issuers and the Guarantors
shall notify the Participating Holders (in the case of a Shelf Registration Statement) and the Initial Purchasers and any Participating Broker-Dealers known to the Issuers (in the case of an Exchange Offer Registration Statement) to suspend use of
the Prospectus or any Free Writing Prospectus as promptly as practicable after the occurrence of such an event, and such Participating Holders, such Participating Broker-Dealers and the Initial Purchasers, as applicable, hereby agree to suspend use
of the Prospectus or any Free Writing Prospectus, as the case may be, until the Issuers and the Guarantors have amended or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or omission;

  
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 (xi) a reasonable time prior to the filing of any Registration Statement,
any Prospectus, any Free Writing Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus or of any document that is to be incorporated by reference into a Registration Statement,
a Prospectus or a Free Writing Prospectus after initial filing of a Registration Statement, provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement, to the Participating Holders
and their counsel) and make such of the representatives of the Issuers and the Guarantors as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders or
their counsel) available for discussion of such document; and the Issuers and the Guarantors shall not, at any time after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of or
supplement to a Registration Statement or a Prospectus or a Free Writing Prospectus, or any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus, of which the Initial Purchasers
and their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders and their counsel) shall not have previously been advised and furnished a copy or to which the Initial Purchasers or their counsel (and, in the case of
a Shelf Registration Statement, the Participating Holders or their counsel) shall object; 
 (xii) obtain a CUSIP
number for all Exchange Securities or Registrable Securities, as the case may be, not later than the initial effective date of a Registration Statement; 
 (xiii) cause the Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the
Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and execute, and use their reasonable best efforts to cause the Trustee
to execute, all documents as may be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner; 

(xiv) in the case of a Shelf Registration, make available for inspection by a representative of the Participating Holders
(an “Inspector”), any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated by a majority in aggregate principal amount of the Securities held by the
Participating Holders and any attorneys and accountants designated by such Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of the Issuers and their subsidiaries, and
cause the respective officers, directors and employees of the Issuers and the Guarantors to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement;
provided that if any such information is identified by the Issuers or any Guarantor as being confidential or proprietary, each Person receiving such information shall take such actions as are reasonably necessary to protect the
confidentiality of such information to the extent such action is otherwise not inconsistent with, an impairment of or in derogation of the rights and interests of any Inspector, Holder or Underwriter); 

(xv) in the case of a Shelf Registration, use their reasonable best efforts to cause all Registrable Securities to be
listed on any securities exchange or any automated quotation system on which similar securities issued or guaranteed by the Issuers or any Guarantor are then listed if requested by the Majority Holders, to the extent such Registrable Securities
satisfy applicable listing requirements; 

  
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 (xvi) if reasonably requested by any Participating Holder, promptly include
in a Prospectus supplement or post-effective amendment such information with respect to such Participating Holder as such Participating Holder reasonably requests to be included therein and make all required filings of such Prospectus supplement or
such post-effective amendment as soon as the Issuers have received notification of the matters to be so included in such filing; 
 (xvii) in the case of a Shelf Registration, enter into such customary agreements and take all such other actions in connection therewith (including those requested by the Holders of a majority in
principal amount of the Registrable Securities covered by the Shelf Registration Statement) in order to expedite or facilitate the disposition of such Registrable Securities including, but not limited to, an Underwritten Offering and in such
connection, (1) to the extent possible, make such representations and warranties to the Participating Holders and any Underwriters of such Registrable Securities with respect to the business of the Issuers and its subsidiaries and the
Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case, in form, substance and scope as are customarily made by issuers to underwriters in
underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Issuers and the Guarantors (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory to the Participating
Holders and such Underwriters and their respective counsel) addressed to each Participating Holder and Underwriter of Registrable Securities, covering the matters customarily covered in opinions requested in underwritten offerings, (3) obtain
“comfort” letters from the independent registered public accountants of the Issuers and the Guarantors (and, if necessary, any other registered public accountant of any subsidiary of the Company or any Guarantor, or of any business
acquired by the Issuers or any Guarantor for which financial statements and financial data are or are required to be included in the Registration Statement) addressed to each Participating Holder (to the extent permitted by applicable professional
standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering matters of the type customarily covered in “comfort” letters in connection with underwritten offerings, including but not limited to
financial information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus and (4) deliver such documents and certificates as may be reasonably requested by the Holders of a majority in principal amount of the
Registrable Securities being sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the continued validity of the representations and warranties of the Issuers and the Guarantors made pursuant to clause
(1) above and to evidence compliance with any customary conditions contained in an underwriting agreement; and 
 (xviii) so long as any Registrable Securities remain outstanding, cause each Additional Guarantor upon the creation or acquisition by the Issuers of such Additional Guarantor, to execute a counterpart to
this Agreement in the form attached hereto as Annex A and to deliver such counterpart, together with an opinion of counsel as to the enforceability thereof against such entity, to the Initial Purchasers no later than five Business Days following the
execution thereof. 
 (b) In the case of a Shelf Registration Statement, the Issuers may require each Holder of Registrable
Securities to furnish to the Issuers a Notice and Questionnaire and such other information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities as the Issuers and the Guarantors may from time to time
reasonably request in writing. 
 (c) Each Participating Holder agrees that, upon receipt of any notice from the Issuers and the
Guarantors of the happening of any event of the kind described in Section 3(a)(vi)(3) or Section 3(a)(vi)(5) hereof, such Participating Holder will forthwith discontinue disposition of Registrable Securities pursuant to the Shelf
Registration Statement until such Participating Holder’s receipt of the 

  
 -11-

 
copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by Section 3(a)(x) hereof and, if so directed by the Issuers and the Guarantors, such
Participating Holder will deliver to the Issuers and the Guarantors all copies in its possession, other than permanent file copies then in such Participating Holder’s possession, of the Prospectus and any Free Writing Prospectus covering such
Registrable Securities that is current at the time of receipt of such notice. 
 (d) If the Issuers and the Guarantors shall
give any notice to suspend the disposition of Registrable Securities pursuant to a Registration Statement, the Issuers and the Guarantors shall extend the period during which such Registration Statement shall be maintained effective pursuant to this
Agreement by the number of days during the period from and including the date of the giving of such notice to and including the date when the Holders of such Registrable Securities shall have received copies of the supplemented or amended Prospectus
or any Free Writing Prospectus necessary to resume such dispositions. The Issuers and the Guarantors may give any such notice only twice during any 365-day period and any such suspensions shall not exceed 30 days for each suspension and there shall
not be more than two suspensions in effect during any 365-day period. 
 (e) The Participating Holders who desire to do so may
sell such Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers (each an “Underwriter”) that will administer the offering will be
selected by the Holders of a majority in principal amount of the Registrable Securities included in such offering. 
 4.
Participation of Broker-Dealers in Exchange Offer. 
 (a) The Staff has taken the position that any broker-dealer that
receives Exchange Securities for its own account in the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”)
may be deemed to be an “underwriter” within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities. 

The Issuers and the Guarantors understand that it is the Staff’s position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying
the amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their prospectus delivery obligation under the Securities
Act in connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 
 (b) In light of the above, and notwithstanding the other provisions of this Agreement, the Issuers and the Guarantors agree to amend or supplement the Prospectus contained in the Exchange Offer
Registration Statement for a period of up to 180 days after the last Exchange Date (as such period may be extended pursuant to Section 3(d) hereof), in order to expedite or facilitate the disposition of any Exchange Securities by Participating
Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above. The Issuers and the Guarantors further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus (or, to the extent permitted
by law, make available) during such period in connection with the resales contemplated by this Section 4. 
 (c) The
Initial Purchasers shall have no liability to any Issuer, any Guarantor or any Holder with respect to any request that they may make pursuant to Section 4(b) hereof. 

  
 -12-

 5. Indemnification and Contribution. 

(a) Each Issuer and each Guarantor, jointly and severally, agree to indemnify and hold harmless each Initial Purchaser and each Holder,
their respective affiliates, directors and officers and each Person, if any, who controls any Initial Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any
and all losses, claims, damages and liabilities (including, without limitation, legal fees and other expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are incurred), joint or
several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission to state therein a material fact required to be
stated therein or necessary in order to make the statements therein not misleading, or (2) any untrue statement or alleged untrue statement of a material fact contained in any Prospectus, any Free Writing Prospectus or any “issuer
information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged untrue
statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser, or information relating to any Holder furnished to the Issuers in writing through Deutsche Bank Securities Inc., or any selling
Holder, respectively, expressly for use therein. In connection with any Underwritten Offering permitted by Section 3, each Issuer and the Guarantors, jointly and severally, will also indemnify the Underwriters, if any, selling brokers, dealers
and similar securities industry professionals participating in the distribution, their respective affiliates and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided
above with respect to the indemnification of the Holders, if requested in connection with any Registration Statement, any Prospectus, any Free Writing Prospectus or any Issuer Information. 

(b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Issuers, the Guarantors, the Initial Purchasers and
the other selling Holders, the directors of the Issuers and the Guarantors, each officer of the Issuers and the Guarantors who signed the Registration Statement and each Person, if any, who controls the Issuers, the Guarantors, any Initial Purchaser
and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims,
damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to such Holder furnished to the Issuers in
writing by such Holder expressly for use in any Registration Statement, any Prospectus and any Free Writing Prospectus. 
 (c)
If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or
(b) above, such Person (the “Indemnified Person”) shall promptly notify the Person against whom such indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to
notify the Indemnifying Person shall not relieve it from any liability that it may have under paragraph (a) or (b) above except to the extent that it has been materially prejudiced (through the forfeiture of substantive rights or defenses)
by such failure; and provided, further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under paragraph (a) or (b) above. If
any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to represent
the Indemnified Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the fees and expenses of such proceeding and

  
 -13-

 
shall pay the fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the
fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a
reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that there may be legal defenses available to it that are different from or in addition to those
available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel
would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for
the fees and expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses shall be reimbursed as they are incurred. Any such separate firm (x) for any Initial
Purchaser, its affiliates, directors and officers and any control Persons of such Initial Purchaser shall be designated in writing by Deutsche Bank Securities Inc., (y) for any Holder, its directors and officers and any control Persons of such
Holder shall be designated in writing by the Majority Holders and (z) in all other cases shall be designated in writing by the Issuers. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its
written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment.
Notwithstanding the foregoing sentence, if at any time an Indemnified Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as contemplated by this paragraph, the Indemnifying
Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying
Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending
or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release of
such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of
fault, culpability or a failure to act by or on behalf of any Indemnified Person. 
 (d) If the indemnification provided for in
paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying
such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits
received by the Issuers and the Guarantors from the offering of the Securities and the Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand,
or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Issuers
and the Guarantors on the one hand and the Holders on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault
of the Issuers and the Guarantors on the one hand and the Holders on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Issuers and the Guarantors or by the Holders, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

  
 -14-

 (e) The Issuers, the Guarantors and the Holders agree that it would not be just and
equitable if contribution pursuant to this Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the
equitable considerations referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in paragraph (d) above shall be deemed to include,
subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to
contribute any amount in excess of the amount by which the total price at which the Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue
or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of
such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 5 are several and not joint. 
 (f) The remedies provided for in this Section 5 are not exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 

(g) The indemnity and contribution provisions contained in this Section 5 shall remain operative and in full force and effect
regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Issuers or
the Guarantors or the officers or directors of or any Person controlling any Issuer or the Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration
Statement. 
 6. General. 
 (a) No Inconsistent Agreements. The Issuers and the Guarantors represent, warrant and agree that (i) the rights granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of any other outstanding securities issued or guaranteed by an Issuer or any Guarantor under any other agreement and (ii) none of the Issuers or any Guarantor has entered into, or on or after
the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions hereof. 

(b) Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Issuers and the Guarantors have obtained the written consent of Holders of at least a majority in aggregate principal amount of
the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 5
hereof shall be effective as against any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing
executed by each of the parties hereto. 
 (c) Notices. All notices and other communications provided for or permitted
hereunder shall be made in writing by hand-delivery, registered first-class mail, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Issuers by means of a
notice given in accordance with the provisions of this Section 6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii) if to the Issuers and the Guarantors, initially
at the Issuers’ address set forth in the Purchase Agreement and thereafter at 

  
 -15-

 
such other address, notice of which is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at their respective addresses as provided in the
Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such notices and communications shall be deemed to have been duly given: at the time delivered by
hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered to an air courier guaranteeing overnight
delivery. Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 

(d) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and
transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or other disposition of
Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by operation of law or otherwise, such Registrable Securities
shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement
and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Issuers or the Guarantors with respect to any failure by a Holder to
comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 
 (e)
Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder between the Issuers and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to
enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of other Holders hereunder. 
 (f) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
original and all of which taken together shall constitute one and the same agreement. 
 (g) Headings. The
headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not limit or otherwise affect the meaning hereof. 
 (h) Governing Law. This Agreement, and any claim, controversy or dispute arising under or related to this Agreement, shall be governed by and construed in accordance with the laws of the
State of New York. 
 (j) Entire Agreement; Severability. This Agreement contains the entire agreement
between the parties relating to the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent
jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected, impaired or
invalidated. The Company, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to
that of the invalid, void or unenforceable provisions. 

  
 -16-

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

			
	ATLAS RESOURCE PARTNERS, L.P.
	
	BY: ATLAS RESOURCE PARTNERS GP, LLC, ITS GENERAL PARTNER
		
	BY:	 	 /S/ SEAN P. MCGRATH

	NAME:	 	SEAN P. MCGRATH
	TITLE:	 	CHIEF FINANCIAL OFFICER
	
	ATLAS RESOURCE FINANCE CORPORATION
		
	BY:	 	 /S/ SEAN P. MCGRATH

	TITLE:	 	CHIEF FINANCIAL OFFICER
	
	ATLAS ENERGY COLORADO, LLC
	ATLAS ENERGY HOLDINGS OPERATING COMPANY, LLC
	ATLAS ENERGY INDIANA, LLC
	ATLAS ENERGY OHIO, LLC
	ATLAS ENERGY TENNESSEE, LLC
	ATLAS NOBLE, LLC
	ATLAS RESOURCES, LLC
	REI-NY, LLC
	RESOURCE ENERGY, LLC
	RESOURCE WELL SERVICES, LLC
	VIKING RESOURCES, LLC
	ARP BARNETT, LLC
	ARP OKLAHOMA, LLC
	ARP BARNETT PIPELINE, LLC
	ATLAS BARNETT, LLC
		
	BY:	 	 /S/ SEAN P. MCGRATH

	TITLE:	 	CHIEF FINANCIAL OFFICER

  
 -17-

 Confirmed and accepted as of the date first above written: 

 

			
	DEUTSCHE BANK SECURITIES INC.
	
	For itself and on behalf of the several Initial Purchasers
		
	By:	 	 /s/ Edwin Roland

		 	Authorized Signatory
		
	By:	 	 /s/ Christopher Blum

		 	Authorized Signatory

  
 -18-

 Schedule 1 
 Initial Guarantors 
 Atlas Resource Partners, L.P. 

Atlas Resources, LLC 
 Viking Resources, LLC

 Resource Energy, LLC 
 ARP Barnett,
LLC 
 ARP Barnett Pipeline, LLC 
 Atlas
Barnett, LLC 
 Atlas Noble, LLC 

REI-NY, LLC 
 Atlas Energy Indiana, LLC

 Atlas Energy Tennessee, LLC 
 Atlas
Energy Ohio, LLC 
 ARP Oklahoma LLC 

Atlas Energy Colorado, LLC 
 Resource Well
Services, LLC 
 ARP Production Company, LLC 

 Annex A 
 Counterpart to Registration Rights Agreement 
 The undersigned hereby
absolutely, unconditionally and irrevocably agrees as a Guarantor (as defined in the Registration Rights Agreement, dated July 31, 2013 by and among Atlas Energy Holdings Operating Company, LLC, a Delaware limited liability company (the
“Company”) and Atlas Resource Finance Corporation, a Delaware corporation, (the “Co-Issuer” and, collectively with the Company, the “Issuers”), the guarantors party thereto and Deutsche Bank
Securities Inc., on behalf of itself and the other Initial Purchasers) to be bound by the terms and provisions of such Registration Rights Agreement. 
 IN WITNESS WHEREOF, the undersigned has executed this counterpart as of [            ], 201[    ]. 

 

					
	[GUARANTOR]
		
	By:	 	  

		 	Name:	 	
		 	Title:

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