Document:

Parent Guarantee

 Exhibit 10.1 
 PARENT GUARANTEE 
 THIS GUARANTEE (this
“Guarantee”) is made and entered into this 14th day of March, 2010, by and among CONSOL Energy Inc., a corporation organized under the Laws of the State of Delaware (the “Guarantor”), and Dominion Resources, Inc., a
corporation organized under the Laws of the Commonwealth of Virginia, Dominion Transmission, Inc., a corporation organized under the Laws of the State of Delaware, and Dominion Energy, Inc., a corporation organized under the Laws of the Commonwealth
of Virginia (collectively, the “Sellers”). Guarantor, on the one hand, and Sellers, on the other hand, are each referred to herein as a “Party” and collectively as the “Parties.” Capitalized terms
used but not defined in this Guarantee shall have the meanings ascribed to them in the PSA (as defined below). 
 RECITALS

 A. Guarantor’s subsidiary, CONSOL Energy Holdings LLC VI, a limited liability company organized under the Laws
of the State of Delaware (“Purchaser”), has, as of the date hereof, entered into that certain Purchase and Sale Agreement (the “PSA”) with the Sellers, for the purchase by Purchaser of the Additional Assets and the
Shares. 
 B. Guarantor, directly or indirectly, owns all of the equity interests in Purchaser. 
 C. As a condition precedent to the execution of the PSA, the Sellers require the execution of this Guarantee. 
 NOW, THEREFORE, in order to induce the Sellers to sell, assign and deliver the Interests to Purchaser as provided in the PSA, in
consideration of the foregoing recitals, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor agrees as follows: 
 1. Guarantee. Guarantor hereby unconditionally and irrevocably guarantees to the Sellers the prompt, punctual and full payment and performance of (a) the obligations and covenants of
Purchaser under the PSA prior to and including Closing and (b) following Closing, Purchaser’s obligations and covenants to pay when due any amounts owing under the PSA, including, without limitation, the exhibits thereto and all other
agreements to be executed under the terms thereof, as now or hereafter amended, in accordance with the terms and conditions thereof ((a) and (b) collectively, the “Obligations”). 
 2. Term. This Guarantee is a continuing guarantee of payment and performance and not of collection. This Guarantee shall remain in full force
and effect until the earlier to occur of (a) the termination of the PSA in accordance with its terms and (b) the date Purchaser has fully discharged all of the Obligations, and for four months thereafter, subject to the provisions of
Section 4 of this Guarantee. 
 3. Enforcement. Guarantor’s obligations are primary obligations and
independent of all of Purchaser’s obligations to the Sellers. Upon default by Purchaser with respect to any of the Obligations, the Sellers shall have no obligation to proceed against Purchaser, and may proceed directly against Guarantor
without proceeding against Purchaser or any other person or pursuing

  

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any other remedy. Guarantor agrees to reimburse the Sellers for all costs and expenses (including, without limitation, court and arbitration costs and reasonable attorneys’ fees) incurred by
the Sellers in connection with the enforcement of the Sellers’ rights under this Guarantee. 
 4. Invalidation of Payments.
As a separate, independent and alternative stipulation, Guarantor irrevocably and unconditionally agrees as a primary obligation to indemnify the Sellers from time to time on demand from and against any loss incurred by the Sellers as a result of
any of the Obligations not being paid or performed in the manner required under the PSA by the date due or being or becoming void, voidable or unenforceable for any reason whatsoever, whether known or unknown to the Sellers or Purchaser, the amount
of such loss being the amount which the Sellers would otherwise be entitled to recover from Purchaser under the PSA with respect to such Obligations and provided that recovery shall be without duplication to recovery under other provisions of this
Guarantee. Guarantor’s obligations hereunder shall not be affected by the commencement of any proceedings by or against Purchaser under the Bankruptcy Code (U.S.C. Title 11) or any other liquidation, conservatorship, bankruptcy, moratorium,
rearrangement, receivership, insolvency, reorganization or similar debtor relief laws affecting the rights of creditors generally, any stay or ruling thereunder, or the disallowance of any claim thereunder. If all or any part of any payment to or
for the benefit of the Sellers in respect of the Obligations shall be invalidated, declared to be fraudulent or preferential, set aside or required for any reason to be repaid or paid to a trustee, receiver or other third party, then any Obligations
that otherwise would have been satisfied by that payment or partial payment shall be revived and continue in full force and effect as if that payment had not been made. Guarantor shall be fully and primarily liable for such Obligations and as set
forth in this Guarantee. 
 5. Waiver of Defenses. The Sellers may, without notice to or consent of Guarantor (a) extend or,
with the prior written consent of Purchaser, alter, the time, manner, place or terms of payment or performance of the Obligations, or (b) waive, or, with the prior written consent of Purchaser, amend any terms of the PSA or any other agreement
executed pursuant to the PSA, or (c) release Purchaser from any or all Obligations, or (d) release any other guarantee or security for the Obligations, without in any way changing, releasing or discharging Guarantor from liability
hereunder. Guarantor hereby waives any defenses which Purchaser or any other person liable for the Obligations may have or assert regarding (i) the insolvency, bankruptcy, liquidation or dissolution of Purchaser or such other person or
(ii) the invalidity, illegality, voidability or unenforceability of all or any portion of the Obligations as a result of ultra vires or other lack of authority, defective formation or other organizational deficiencies or similar types of
defenses. Guarantor further waives notice of the acceptance of this Guarantee, presentment, demand, protest, and notices of protest, nonpayment, default or dishonor of the Obligations, and all other notices or demands of any kind or nature
whatsoever with respect to the Obligations, as well as the benefits of Chapter 43 of the Texas Civil Practice and Remedies Code and Rule 31 of the Texas Rules of Civil Procedures, and of any similar statutes. Nothing in this Guarantee shall limit or
otherwise affect the rights of Purchaser under the terms of the PSA. 
 6. Representation and Warranties. Guarantor represents and
warrants to the Sellers that: (a) Guarantor has received, or will receive, direct or indirect benefit from the making of this Guarantee; (b) Guarantor is a corporation duly organized, validly existing and in good standing under the Laws of
the State of Delaware; (c) Guarantor has the requisite corporate power to enter into this Guarantee and to perform its obligations hereunder; (d) the execution, delivery and

  

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performance of this Guarantee have been duly and validly authorized by all necessary corporate action on the part of Guarantor; (e) this Guarantee has been duly executed and delivered by
Guarantor and constitutes the valid and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms; (f) the execution, delivery and performance of this Guarantee will not (i) violate any provision of the
certificate of incorporation or bylaws (or other governing instruments) of Guarantor or (ii) violate any judgment, order, ruling, or regulation applicable to Guarantor; (g) the execution, delivery and performance of this Guarantee by
Guarantor will not be subject to any consent, approval or waiver from any Governmental Body or other third Person; (h) Guarantor possesses the necessary financial capability to fulfill the Obligations; and (i) there are no bankruptcy,
insolvency, reorganization or receivership proceedings pending against, being contemplated by or, to Guarantor’s knowledge, threatened against Guarantor. 
 7. Assignment. This Guarantee and the rights and obligations hereunder shall not be assignable or transferable by Guarantor except with the prior written consent of the Sellers. 

8. Amendments and Waivers. No amendment, modification or waiver in respect of this Guarantee shall be effective unless, in the case of an
amendment or modification, such amendment or modification shall be in writing and signed by Guarantor and the Sellers, and, in the case of a waiver, such waiver shall be in writing, specifically refer to this Guarantee and be signed by the Person
against which such waiver is sought to be enforced. 
 9. Notices. All notices and other communications shall be in writing and
shall be delivered by hand or sent, postage prepaid, by express mail or reputable overnight courier service to the address for the Sellers set forth in Section 12.2 of the PSA or, in the case of Guarantor, to the following address:

 CONSOL Energy Inc. 
 1000 CONSOL Energy Drive 
 Canonsburg, Pennsylvania 15317 
 Attn: Stephen W. Johnson 
 Telephone: (724) 485-4163 
 Telecopy: (724) 485-4836 
 Each Party may change its address for notice by notice to the other in the manner set forth above. All notices shall be deemed to have been duly given at
the time of receipt by the Party to which such notice is addressed. 
 10. Governing Law. This Guarantee and the legal
relations between the Parties shall be governed by and construed in accordance with the Laws of the State of Delaware, without regard to principles of conflicts of Laws that would direct the application of the Laws of another jurisdiction.

 11. Counterparts. This Guarantee may be executed in counterparts, each of which shall be deemed an original instrument, but
all such counterparts together shall constitute but one agreement. 
  

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 12. Entire Agreement. This Guarantee constitutes the entire agreement between the Parties
pertaining to the subject matter hereof, and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties pertaining to the subject matter hereof. 
 13. Severability. If any term or other provision of this Guarantee is held invalid, illegal or incapable of being enforced under any rule of
law, all other conditions and provisions of this Guarantee shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in a materially adverse manner with
respect to either Party. 
 [Signature page follows] 
  

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 IN WITNESS WHEREOF, the Parties have executed this Guarantee on the day and year first
written above. 
  

			
	GUARANTOR:
	
	CONSOL ENERGY INC.
		
	By:	 	 /s/ J. Brett Harvey

	Name:	 	J. Brett Harvey
	Title:	 	President and Chief Executive Officer
	
	SELLERS:
	
	DOMINION RESOURCES, INC.
		
	By:	 	 /s/ Thomas F. Farrell II

	Name:	 	Thomas F. Farrell II
	Title:	 	President and Chief Executive Officer
	
	DOMINION ENERGY, INC.
		
	By:	 	 /s/ David A. Christian

	Name:	 	David A. Christian
	Title:	 	President
	
	DOMINION TRANSMISSION, INC.
		
	By:	 	 /s/ Gary L. Sypolt

	Name:	 	Gary L. Sypolt
	Title:	 	President

 [Signature Page to
Parent Guarantee]Commitment Letter

 Exhibit 10.2 
 EXECUTION VERSION 
  

			
	BANC OF AMERICA SECURITIES LLC	  	PNC BANK, NATIONAL ASSOCIATION
	BANC OF AMERICA BRIDGE LLC	  	PNC CAPITAL MARKETS LLC
	One Bryant Park	  	One PNC Plaza
	New York, NY 10036	  	249 Fifth Avenue
		  	Pittsburgh, PA 15222

 March 14, 2010 
 CONSOL Energy Inc. 
 CNX Center 
 1000 CONSOL Energy Drive 
 Canonsburg, PA 15317-6506 
  

			
	Attention:	  	William J. Lyons,
		  	Executive Vice President and Chief Financial Officer

 Project Platinum 
 Commitment Letter 
 Ladies and Gentlemen: 
 You have
advised Banc of America Bridge LLC (“Banc of America Bridge”), Banc of America Securities LLC (“BAS”), PNC Bank, National Association (“PNC Bank”) and PNC Capital Markets LLC
(“PNC” and, together with Banc of America Bridge, BAS and PNC Bank, the “Commitment Parties,” “we” or “us”) that CONSOL Energy Inc., a Delaware
corporation (the “Company” or “you”), intends to acquire (the “Acquisition”) all of the capital stock of Dominion Exploration & Production, Inc., Dominion Reserves,
Inc. and certain assets of Dominion Transmission, Inc. (collectively, the “Acquired Business”) from Dominion Resources, Inc. and certain of its subsidiaries (collectively, the “Seller”). The
Acquisition will be effected pursuant to a Purchase and Sale Agreement, dated on or about the date hereof (the “Acquisition Agreement”), between the Company and the Seller. The Company and its subsidiaries (other than
Excluded Subsidiaries (as defined in Annex I-A)) are sometimes collectively referred to herein as the “Companies.” 
 You have also advised us that you intend to finance the Acquisition and the costs and expenses related to the Transaction (as defined herein) from the issuance and sale of a combination of senior
unsecured notes of the Company (the “Notes”) and common stock of the Company (together with the Notes, the “Permanent Securities”) generating at least $3,500.0 million aggregate gross proceeds and, to
the extent that $3,500.0 million aggregate gross proceeds of Permanent Securities are not issued and sold on or prior to the date of consummation of the Acquisition (the “Closing Date”), up to $3,500.0 million in senior
unsecured loans (the “Bridge Loans” and, together with any Rollover Loans and Exchange Notes (each, as defined in Annex I-A hereto), the “Bridge Facility”) made available to the Company as interim
financing to the Permanent Securities. No additional external financing other than the Permanent Securities or the Bridge Loans will be required to fund the Acquisition and the costs and expenses related to the Transaction. The Acquisition, the
issuance and sale of the Permanent Securities and/or the borrowing of the Bridge Loans and all related transactions are hereinafter collectively referred to as the “Transaction.” 
 1. Commitments. In connection with the foregoing, (a) Banc of America Bridge is pleased to advise you of its commitment to
provide 70% of the total principal amount of Bridge Loans, (b) PNC Bank is please to advise you of its commitment to provide 30% of the total principal amount of Bridge

 
Loans (PNC Bank in such capacity and Banc of America Bridge in such capacity are referred to as the “Initial Lenders”), (c) Banc of America Bridge is pleased to
advise you of its willingness to act as the sole and exclusive administrative agent (in such capacity, the “Administrative Agent”) for the Bridge Loans and (d) BAS and PNC are pleased to advise you of their willingness,
and you hereby engage BAS and PNC, to act as the joint lead arrangers and joint bookrunning managers (in such capacity, the “Lead Arrangers”) for the Bridge Loans, and in connection therewith to form a syndicate of lenders
for the Bridge Loans (collectively, the “Lenders”) in consultation with you, including the Initial Lenders, all upon and subject to the terms and conditions set forth in this letter and in Annex I hereto under
“Conditions Precedent” and Annex II hereto. Annexes I and II are referred to herein as the “Summary of Terms” and, together with this letter, as the “Commitment Letter.” It is understood and
agreed that Banc of America Bridge and BAS will have “lead left” placement on all marketing materials relating to the Bridge Facility and will perform the duties and exercise the authority customarily performed and exercised by them in
such role, including acting as sole manager of the physical books. All capitalized terms used and not otherwise defined herein shall have the same meanings as specified therefor in the Summary of Terms. 
 2. Syndication. The Lead Arrangers intend to commence syndication of the Bridge Facility promptly after your acceptance of the terms
of this Commitment Letter and the Fee Letter (as hereinafter defined). You agree to actively assist the Lead Arrangers in achieving a Successful Syndication (as defined in the Fee Letter) of the Bridge Facility. Such assistance shall include
(a) your providing and causing your advisors to provide, and using your commercially reasonable efforts to cause the Seller, the Acquired Business and their advisors to provide, the Lead Arrangers and the Lenders upon request with such
information reasonably deemed necessary by BAS (after consultation with the Company) to complete such syndication, including, but not limited to, information and evaluations prepared by you, the Seller, the Acquired Business and your and their
advisors, or on your or their behalf, relating to the Company, its subsidiaries, the Acquired Business and the Transaction (including the Projections (as hereinafter defined), the “Information”), (b) assistance by you in
the preparation and completion of a customary information memorandum (the “Information Memorandum”) in form and substance customary for transactions of this type and other materials deemed reasonably necessary by BAS (after
consultation with the Company) to be used in connection with the syndication of the Bridge Facility (collectively with the Summary of Terms and any additional summary of terms prepared for distribution to Public Lenders (as hereinafter defined), the
“Information Materials”), (c) your using your commercially reasonable efforts to ensure that the syndication efforts of the Lead Arrangers benefit materially from existing lending relationships of you and your
subsidiaries, (d) your using commercially reasonable efforts to obtain updated corporate credit or family ratings of the Company after giving effect to the Transaction and ratings of the Notes from Moody’s Investors Service, Inc.
(“Moody’s”) and Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. (“S&P”) (collectively, the “Ratings”), and (e) your otherwise
providing reasonable assistance to the Lead Arrangers in their syndication efforts, including by making your officers and advisors available from time to time to attend and make presentations regarding the business and prospects of the Companies and
the Transaction at one or more meetings of prospective Lenders. You hereby agree to use your commercially reasonable efforts so that the Information Memorandum to be used in connection with the syndication of the Bridge Facility shall be completed
within five business days of our request therefor. Without limiting your obligations hereunder, it is understood that syndication of the Bridge Facility is not a condition to funding of the Bridge Facility. 
 It is understood and agreed that BAS will manage and control all aspects of the syndication of the Bridge Facility in consultation with you
and PNC, including decisions as to the selection of prospective Lenders and any titles offered to proposed Lenders, when commitments will be accepted and the final allocations of the commitments among the Lenders. It is understood that no other
Lender participating in the Bridge Facility will receive compensation from you in order to obtain its commitment thereto, except as set forth in this Commitment Letter or the Fee Letter or as otherwise permitted by BAS. It is also un- 
  

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 derstood and agreed that the amount and distribution of the fees set forth in the Commitment Letter and the
Fee Letter among the Lenders will be at the discretion of BAS (after consultation with the Company and PNC). 
 The Company
agrees that, prior to the Successful Syndication of the Bridge Facility, there shall be no offering, placement, arrangement, syndication or issuance (or announcement thereof) of any debt or equity of the Company or any of its subsidiaries, including
any extension, amendment or refinancing of any existing debt or credit facility, without the prior written consent of the Lead Arrangers, which consent shall not be unreasonably withheld; provided that the foregoing shall not prohibit
(i) the existence of the Bridge Facility, (ii) the offering of Permanent Securities in accordance with the Engagement Letter (as defined herein), (iii) the extension, amendment or refinancing of the Company’s Amended and Restated
Credit Agreement, dated as of June 27, 2007 (the “Existing Credit Agreement”), or of CNX Gas Corporation’s Credit Agreement, dated as of October 7, 2005 (the “Existing Gas Credit
Agreement”), in each case, on terms and conditions reasonably satisfactory to the Lead Arrangers and so long as the Lead Arrangers are offered to be exclusive joint lead arrangers and joint bookrunners of each such extension, amendment
or refinancing thereof (this clause, the “Refinancing Exception”), (iv) the extension, amendment or refinancing of the Company’s existing Amended and Restated Receivables Purchase Agreement, as amended, dated as of
April 30, 2007, and the Purchase and Sale Agreement, dated as of April 30, 2003, as amended (collectively, the “Receivables Purchase Agreement”), for commitments not to exceed $200.0 million in the aggregate,
(v) the extension, amendment or refinancing of obligations in respect of the industrial revenue bonds issued by the Mayor and City Council of Baltimore (Port Facilities Revenue Bonds), (vi) capital leases in the ordinary course of
business, (vii) debt that is not issued in the capital markets or syndicated in an aggregate amount not to exceed $25.0 million, (viii) the issuance of common stock of the Company in exchange for common stock held by minority shareholders
of CNX Gas Corporation and (ix) the issuance of equity interests under equity compensation arrangements in the ordinary course of business. Unless otherwise specified, references in this Commitment Letter or the Fee Letter to the Existing
Credit Agreement and the Existing Gas Credit Agreement are to the Existing Credit Agreement or the Existing Gas Credit Agreement, respectively, as extended, amended or refinanced as permitted by the Refinancing Exception, and references to specific
provisions of the Existing Credit Agreement shall be to the analogous provisions in the Existing Credit Agreement as so extended, amended or refinanced. 
 3. Information Requirements. You hereby represent, warrant and covenant that (a) all written Information, other than the Projections and information of a general economic or industry-specific
nature, that has been or is hereafter made available to the Lead Arrangers or any of the Lenders by you or any of your representatives (including filings by the Company with the Securities and Exchange Commission (the “SEC”)
since January 1, 2010), or, to the best of your knowledge, by the Seller or any of its representatives (including filings by the Seller with the SEC since January 1, 2010, to the extent relating to the Acquired Business), in connection
with any aspect of the Transaction did not and will not, when taken as a whole, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements contained therein not materially misleading, in light
of the circumstances under which such statements are made (giving effect to all supplements thereto) and (b) all financial projections concerning the Company and its subsidiaries that have been or are hereafter made available to the Lead
Arrangers or any of the Lenders by you or any of your representatives in connection with the transactions contemplated hereby (the “Projections”) have been or will be prepared in good faith based upon assumptions believed by
you to be reasonable at the time made (it being recognized by the Commitment Parties that such Projections are not to be viewed as facts and that actual results during the period or periods covered by any such Projections may differ from the
projected results, and such differences may be material). You agree that if at any time prior to the Closing Date and, if requested by us, for a reasonable period thereafter as is necessary to complete the syndication of the Bridge Facility, any of
the representations in the preceding sentence would be incorrect in any material respect if the Information and Projections were

  

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being furnished, and such representations were being made, at such time, then you will promptly supplement, or cause to be supplemented, the Information and Projections so that such
representations will be correct (to your knowledge, in the case of information made available by the Seller or any of its representatives) in all material respects, when taken as a whole together with all such filings of the Company and the Seller
with the SEC, under such circumstances at such time. In issuing this commitment and in arranging and syndicating the Bridge Facility, the Commitment Parties are and will be using and relying on the Information and the Projections without independent
verification thereof. 
 You acknowledge that (a) the Lead Arrangers on your behalf will make available Information
Materials to the proposed syndicate of Lenders by posting the Information Materials on IntraLinks or another similar electronic system and (b) certain prospective Lenders (such Lenders, “Public Lenders”; all other
Lenders, “Private Lenders”) may have personnel that do not wish to receive material non-public information (within the meaning of the United States federal securities laws, “MNPI”) with respect to the
Company, its subsidiaries, the Seller or their respective securities, and who may be engaged in investment and other market-related activities with respect to such entities’ securities. If requested, you will assist us in preparing an
additional version of the Information Materials not containing MNPI (the “Public Information Materials”) to be distributed to prospective Public Lenders. 
 Before distribution of any Information Materials (a) to prospective Private Lenders, you shall provide us with a customary letter
authorizing the dissemination of the Information Materials and (b) to prospective Public Lenders, you shall provide us with a customary letter authorizing the dissemination of the Public Information Materials and confirming the absence of MNPI
therefrom. In addition, at our request, you shall identify Public Information Materials by clearly and conspicuously marking the same as “PUBLIC.” 
 You agree that the Lead Arrangers on your behalf may distribute the following documents to all prospective Lenders, unless you advise the Lead Arrangers in writing (including by email) within a reasonable
time prior to their intended distributions that such material should only be distributed to prospective Private Lenders (and provided that you have been given a reasonable opportunity to review such documents and comply with SEC disclosure
obligations): (a) administrative materials for prospective Lenders such as lender meeting invitations and funding and closing memoranda, (b) notifications of changes to the terms of the Bridge Facility and (c) the marketing term sheet
and drafts and final versions of definitive documents with respect to the Bridge Facility. If you advise us that any of the foregoing items should be distributed only to Private Lenders, then the Lead Arrangers will not distribute such materials to
Public Lenders without further discussions with you. You agree that Information Materials that are marked “PUBLIC” in accordance with the preceding paragraph made available to prospective Public Lenders in accordance with this Commitment
Letter shall not contain MNPI. 
 4. Fees and Indemnities. 
 (a) You agree to pay the fees set forth in the Fee Letter dated the date hereof among the parties hereto and the Administrative Fee Letter
dated the date hereof among Banc of America Bridge, BAS and the Company (collectively, the “Fee Letter”). You also agree to reimburse the Commitment Parties from time to time on demand for all reasonable, invoiced out-of-pocket fees
and expenses (including, but not limited to, the reasonable fees, disbursements and other charges of Cahill Gordon & Reindel LLP and of any special or local counsel (but not more than one per jurisdiction) to the Lead
Arrangers and the Administrative Agent, and reasonable due diligence expenses) incurred in connection with the Bridge Facility, the syndication thereof, the preparation of the Credit Documentation (as hereinafter defined) therefor and the other
transactions contemplated hereby, whether or not the Closing Date occurs or any Credit Documentation is executed and delivered or any extensions of credit are made under the Bridge Facility. 
  

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 (b) You also agree to indemnify and hold harmless the Commitment Parties and each of their
affiliates, successors and assigns and their respective officers, directors, employees, agents, advisors and other representatives (each, an “Indemnified Party”) from and against (and will reimburse each Indemnified Party as
the same are incurred for) any and all claims, damages, losses, liabilities and expenses (including, without limitation, the reasonable fees, disbursements and other charges of one counsel to all the Indemnified Parties together (selected by BAS)
and, in the case of a conflict of interest, one additional counsel to the other Indemnified Parties (plus local counsel in each applicable jurisdiction, to the extent appropriate)) that may be incurred by or asserted or awarded against any
Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (a) any
aspect of the Transaction, this Commitment Letter or the Fee Letter or (b) the Bridge Facility or any use made or proposed to be made with the proceeds thereof (in all cases, whether or not caused or arising, in whole or in part, out of the
comparative, contributory or sole negligence of the Indemnified Party), except to the extent such claim, damage, loss, liability or expense is found in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the
bad faith, gross negligence or willful misconduct of such Indemnified Party or its officers, directors, employees or controlling persons. In the case of any claim, litigation, investigation or proceeding (any of the foregoing, a
“Proceeding”) to which the indemnity in this paragraph applies, such indemnity shall be effective whether or not such Proceeding is brought by you, your equity holders or creditors or an Indemnified Party, whether or not an
Indemnified Party is otherwise a party thereto and whether or not any aspect of the Transaction is consummated. You shall not be liable for any settlement of any Proceedings effected without your consent (which consent shall not be unreasonably
withheld, conditioned or delayed), but if settled with your written consent, you agree to indemnify and hold harmless each Indemnified Party from and against any and all losses, claims, damages, liabilities and expenses by reason of such settlement.
You shall not, without the prior written consent of each applicable Indemnified Party (which consent shall not be unreasonably withheld), effect any settlement of any pending or threatened Proceedings in respect of which indemnity could have been
sought hereunder by such Indemnified Party unless (a) such settlement includes an unconditional release of such Indemnified Party in form and substance reasonably satisfactory to such Indemnified Party from all liability on claims that are the
subject matter of such Proceedings 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 Party. You also agree that no Indemnified Party shall have any
liability (whether direct or indirect, in contract or tort or otherwise) to you, the Seller, or your or its subsidiaries or affiliates or to your or their respective equity holders or creditors arising out of, related to or in connection with any
aspect of the Transaction, except to the extent of direct (as opposed to special, indirect, consequential or punitive) damages determined in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from the bad faith,
gross negligence or willful misconduct of such Indemnified Party or its officers, directors, employees or controlling persons. It is further agreed that the Commitment Parties shall only have liability to you (as opposed to any other person), and
that the Commitment Parties shall be severally liable solely in respect of their respective commitments to the Bridge Facility, on a several, and not joint, basis with any other Lender. Notwithstanding any other provision of this Commitment Letter,
no Indemnified Party shall be liable for any damages arising from the use by others of information or other materials obtained through electronic telecommunications or other information transmission systems, other than for direct or actual damages
resulting from the gross negligence, bad faith or willful misconduct of such Indemnified Party or its officers, directors, employees or controlling persons as determined by a final, non-appealable judgment of a court of competent jurisdiction.

 5. Conditions to Financing. The commitment of the Initial Lenders in respect of the Bridge Loans and the undertaking
of the Lead Arrangers to provide the services described herein are subject to the satisfaction of each of the conditions set forth in Annex I hereto under “Conditions Precedent” and in Annex II hereto and each of the following conditions
precedent: (a) the negotiation, execution and delivery of definitive documentation with respect to the Bridge Facility on terms and conditions consis- 
  

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 tent with this Commitment Letter and the Fee Letter and in a form reasonably satisfactory to the Lead
Arrangers and the Company (the “Credit Documentation”); (b) compliance with all material provisions of the Fee Letter; and (c) the Company shall have engaged the Investment Banks (as defined in the Fee Letter)
pursuant to an engagement letter (the “Engagement Letter”), and the Company shall have complied with all of its material obligations thereunder. 
 Notwithstanding anything to the contrary in this Commitment Letter, the Fee Letter, the Credit Documentation or any other agreement or other undertaking concerning the financing of the Transaction,
(i) (x) the only representations and warranties relating to the Acquired Business the accuracy of which shall be a condition to the availability of the Bridge Facility on the Closing Date shall be (A) such of the representations and
warranties made by the Sellers in the Acquisition Agreement that are material to the interests of the Lenders, but only to the extent that you have (or your subsidiary has) the right to terminate your (or its) obligations under the Acquisition
Agreement as a result of a breach of such representations and warranties in the Acquisition Agreement (determined without regard to whether any notice is required to be delivered by you) (the “Acquisition Agreement
Representations”) and (B) the Specified Representations (as defined below) and (y) the only representations and warranties relating to the Company and its subsidiaries the accuracy of which shall be a condition to the
availability of the Bridge Facility on the Closing Date shall be the Specified Representations and (ii) the terms of the Credit Documentation shall be in a form such that they do not impair availability of the Credit Facility on the Closing
Date if the conditions set forth in this Commitment Letter are satisfied. “Specified Representations” means the representations and warranties referred to in Annex I relating to corporate existence, corporate power and
authority, the due authorization, execution, delivery and enforceability of the Credit Documentation, no conflicts with material agreements, in each case as they relate to entering into and performance of the Credit Documentation, solvency of the
Companies taken as a whole, full disclosure, accuracy of financial statements, Federal Reserve margin regulations and the Investment Company Act. Notwithstanding anything in this Commitment Letter, the Fee Letter, the Credit Documentation or any
other agreement or other undertaking concerning the financing of the transactions contemplated hereby to the contrary (but subject to termination of the commitments provided hereunder pursuant to Section 8), the only conditions to availability
of the Bridge Facility on the Closing Date are those set forth in this Section 5 and in Annex I under the heading “Conditions Precedent” and in Annex II. 
 6. Confidentiality and Other Obligations. This Commitment Letter and the Fee Letter and the contents hereof and thereof are confidential and, except for the disclosure hereof or thereof on a
confidential basis to your accountants, attorneys and other professional advisors retained by you in connection with the Transaction, may not be disclosed in whole or in part to any person or entity without our prior written consent; provided,
however, it is understood and agreed that you may disclose: (a) this Commitment Letter and the Fee Letter on a confidential basis to the board of directors and advisors of the Seller in connection with their consideration of the Transaction
(provided that the Fee Letter is redacted in a manner reasonably satisfactory to the Lead Arrangers); (b) after your acceptance hereof, this Commitment Letter (but not the Fee Letter), in filings with the Securities and Exchange Commission and
other applicable regulatory authorities and stock exchanges; (c) this Commitment Letter and the Fee Letter, after written notice (to the extent reasonably practicable) to the Lead Arrangers, as otherwise required by law or regulations or
compulsory legal process; (d) this Commitment Letter and the Fee Letter, after written notice to the Lead Arrangers, in defense of any legal action brought by or against any of you or any of your affiliates, successors or assigns or any of
their respective officers, directors, employees, agents, advisors or other representatives, or as may be necessary or advisable in connection with the assertion of any claim or right under or in connection with the Commitment Letter or the Fee
Letter and (e) after your acceptance hereof, this Commitment Letter (but not the Fee Letter), on a confidential basis to any ratings agencies and valuation firms. 
  

 -6- 

 You acknowledge that the Commitment Parties or their affiliates may be providing financing
or other services to parties whose interests may conflict with yours. The Commitment Parties agree that they will not furnish confidential information obtained from you to any of their other customers and will treat confidential information relating
to the Companies and their respective affiliates with the same degree of care as they treat their own confidential information. The Commitment Parties further advise you that they will not make available to you confidential information that they
have obtained or may obtain from any other customer. Solely in connection with the services and transactions contemplated hereby, you agree that the Commitment Parties are permitted to access, use and share with any of their bank or non-bank
affiliates, agents, advisors (legal or otherwise) or representatives any information concerning the Companies or any of their respective affiliates that is or may come into the possession of the Commitment Parties or any of such affiliates; provided
such bank or non-bank affiliates, agents, advisors (legal or otherwise) and representatives are bound by the obligations set forth in the second sentence of this paragraph as if they were a Commitment Party. 
 In connection with all aspects of each transaction contemplated by this Commitment Letter, you acknowledge and agree, and acknowledge your
affiliates’ understanding, that: (i) the Bridge Facility and any related arranging or other services described in this Commitment Letter is an arm’s-length commercial transaction between you and your affiliates, on the one hand, and
the Commitment Parties, on the other hand, (ii) the Commitment Parties have not provided any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby and you have consulted your own legal,
accounting, regulatory and tax advisors to the extent you have deemed appropriate, (iii) you are capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby, (iv) each of the
Commitment Parties has been, is, and will be acting solely as a principal and, except as otherwise expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for you or any of
your affiliates, stockholders, creditors or employees or any other party, (v) the Commitment Parties have not assumed and will not assume an advisory, agency or fiduciary responsibility in your or your affiliates’ favor with respect to any
of the transactions contemplated hereby or the process leading thereto (irrespective of whether any of the Commitment Parties has advised or is currently advising you or your affiliates on other matters) and the Commitment Parties have no obligation
to you or your affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth in this Commitment Letter and (vi) the Commitment Parties and their respective affiliates may be engaged in a broad
range of transactions that involve interests that differ from yours and your affiliates, and the Commitment Parties have no obligation to disclose any of such interests to you or your affiliates. To the fullest extent permitted by law, you hereby
waive and release any claims that you may have against the Commitment Parties with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated by this Commitment Letter.

 The Commitment Parties hereby notify you that pursuant to the requirements of the USA PATRIOT Act, Title III of Pub. L.
107-56 (signed into law October 26, 2001) (the “U.S.A. Patriot Act”), each of them is required to obtain, verify and record information that identifies you, which information includes your name and address and other
information that will allow the Commitment Parties, as applicable, to identify you in accordance with the U.S.A. Patriot Act. 
 7. Survival of Obligations. The provisions of Sections 2, 3, 4, 6 and 8 shall remain in full force and effect regardless of whether any Credit Documentation shall be executed and delivered and notwithstanding the termination of this
Commitment Letter or any commitment or undertaking of the Commitment Parties hereunder, except that the provisions of Sections 2 and 3 shall not survive if the commitments and undertakings of the Commitment Parties are terminated prior to the
funding of the Bridge Loans. 
  

 -7- 

 8. Miscellaneous. This Commitment Letter and the Fee Letter may be executed in
multiple counterparts and by different parties hereto in separate counterparts, all of which, taken together, shall constitute an original. Delivery of an executed counterpart of a signature page to this Commitment Letter or the Fee Letter by
telecopier, facsimile or other electronic transmission (e.g., a “pdf” or “tiff”) shall be effective as delivery of a manually executed counterpart thereof. Headings are for convenience of reference only and shall not affect the
construction of, or be taken into consideration when interpreting, this Commitment Letter or the Fee Letter. 
 This Commitment
Letter and the Fee Letter shall be governed by, and construed in accordance with, the laws of the State of New York. Each party hereto hereby irrevocably waives any and all right to trial by jury in any action, proceeding or counterclaim (whether
based on contract, tort or otherwise) arising out of or relating to this Commitment Letter, the Fee Letter, the Transaction and the other transactions contemplated hereby and thereby or the actions of the Commitment Parties in the negotiation,
performance or enforcement hereof. Each party hereto hereby irrevocably and unconditionally submits to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in the Borough of Manhattan in New
York City in respect of any suit, action or proceeding arising out of or relating to the provisions of this Commitment Letter, the Fee Letter, the Transaction and the other transactions contemplated hereby and thereby and irrevocably agrees that all
claims in respect of any such suit, action or proceeding may be heard and determined in any such court. Each party hereto waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of the
venue of any such suit, action or proceedings brought in any such court, and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 
 This Commitment Letter, together with the Fee Letter, embodies the entire agreement and understanding among the parties hereto and your
affiliates with respect to the Bridge Facility and supersedes all prior agreements and understandings relating to the subject matter hereof. No party has been authorized by the Commitment Parties to make any oral or written statements that are
inconsistent with this Commitment Letter. Neither this Commitment Letter (including the attachments hereto) nor the Fee Letter may be amended or any term or provision hereof or thereof waived or modified except by an instrument in writing signed by
each of the parties hereto. 
 This Commitment Letter may not be assigned by you without our prior written consent (and any
purported assignment without such consent will be null and void), is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person other than the parties
hereto (and any Indemnified Parties to the extent applicable). The Initial Lenders may assign their respective commitments hereunder, in whole or in part, to any of their respective affiliates or to any Lender; provided that the Initial
Lenders shall not be relieved of their respective commitments hereunder except to the extent that (i) the Company consents to such assignment or (ii) such assignment is to a lender under the Existing Credit Agreement or the Existing Gas
Credit Agreement. No Lead Arranger shall assign its rights under this Commitment Letter or the Fee Letter as a Lead Arranger in its capacity as such (other than to one of its affiliates or by operation of law) without the prior written consent of
each of the parties hereto. 
 Please indicate your acceptance of the terms of this Commitment Letter and the Fee Letter by
returning to us executed counterparts of this Commitment Letter and the Fee Letter and paying the fee payable pursuant to the Fee Letter upon your acceptance of this Commitment Letter by wire transfer of immediately available funds to the account
specified by us, in each case not later than 5:00 p.m. (New York City time) on the date hereof, whereupon the undertakings of the parties shall become effective to the extent and in the manner provided hereby; provided that if the date hereof is not
a business day, such fee shall be paid not later than 5:00 p.m. (New York City time) on the immediately succeeding business day. This offer shall terminate if not so accepted by you at or prior to that time. All commitments and under- 
  

 -8- 

 takings of the Commitment Parties hereunder will terminate on the earliest of (a) the closing of the
Acquisition if no Bridge Loans are simultaneously drawn, (b) the execution and delivery of the Credit Documentation, (c) your written notice to us, or the public announcement, of the abandonment or termination of the Acquisition Agreement
and (d) 11:59 p.m. (New York time), on June 10, 2010, or, if both the Company and the Seller exercise their rights under Section 10.1 of the Acquisition Agreement to extend the End Date (as defined in the Acquisition Agreement),
11:59 p.m. (New York time) on the date which is 90 days thereafter, unless, in the case of this clause (d), the Commitment Parties, in their discretion, agree to an extension. 
 [The remainder of this page intentionally left blank.] 
  

 -9- 

 We are pleased to have the opportunity to work with you in connection with this important
financing. 
  

					
	Very truly yours,
	
	BANC OF AMERICA BRIDGE LLC
		
	By:	 	 /s/ Lex Maultsby

		 	Name:	 	Lex Maultsby
		 	Title:	 	Managing Director
	
	BANC OF AMERICA SECURITIES LLC
		
	By:	 	 /s/ Lex Maultsby

		 	Name:	 	Lex Maultsby
		 	Title:	 	Managing Director

 [Commitment
Letter] 

					
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Richard C. Munsick

		 	Name:	 	Richard C. Munsick
		 	Title:	 	Senior Vice President
	
	PNC CAPITAL MARKETS LLC
		
	By:	 	 /s/ Peter M. Hilton

		 	Name:	 	Peter M. Hilton
		 	Title:	 	Senior Managing Director

 [Commitment
Letter] 

 The provisions of this Commitment Letter are accepted and agreed to as of the date first
written above: 
  

					
	CONSOL ENERGY INC.
		
	By:	 	 /s/ William J. Lyons

		 	Name:	 	William J. Lyons
		 	Title:	 	 Executive Vice President and
 Chief Financial Officer

 [Commitment Letter] 

 ANNEX I-A 
 SUMMARY OF TERMS AND CONDITIONS 
 BRIDGE LOANS 
 Capitalized terms not otherwise defined herein have the same meanings as specified therefor in the Commitment Letter to which this Annex I-A
is attached. 
  

			
	Borrower:	  	CONSOL Energy Inc. (the “Company”).
		
	Guarantors:	  	All subsidiaries of the Company (other than Excluded Subsidiaries (as defined in the Existing Credit Agreement)) will guarantee the Bridge Loans on the Closing Date. Thereafter
all subsidiaries of the Company that from to time become guarantors of (i) the Existing Credit Agreement or (ii) any other debt of the Company will also guarantee the Bridge Loans (it being understood and agreed that CNX Gas Corporation
will not be required to become a guarantor of the Bridge Loans by virtue of its existing guaranty of the Company’s outstanding 7.875% Notes due 2012 (the “Existing Notes”)). In addition, the Company may elect to cause
any of its subsidiaries to guarantee the Bridge Facility. All subsidiaries that guarantee the Bridge Loans are referred to herein as the “Guarantors,” and together with the Company are referred to herein as the
“Loan Parties.”
		
	Administrative Agent:	  	Banc of America Bridge LLC or an affiliate thereof will act as sole and exclusive administrative agent for the Lenders (the “Administrative
Agent”).
		
	Joint Lead Arrangers and	  	
	Joint Bookrunning Managers:	  	Banc of America Securities LLC (“BAS”) and PNC Capital Markets LLC (“PNC”) will act as joint lead arrangers and joint bookrunning
managers for the Bridge Loans (in such capacity, the “Lead Arrangers”).
		
	Lenders:	  	Banc of America Bridge LLC or an affiliate thereof (“Banc of America Bridge”), PNC Bank, National Association (together, the “Initial
Lenders”) and other financial institutions and institutional lenders selected by BAS in consultation with the Company (the “Lenders”).
		
	Bridge Loans:	  	$3,500.0 million of unsecured senior bridge loans (the “Bridge Loans”), subject to reduction as set forth below under “Mandatory Prepayments and
Commitment Reductions.” The Bridge Loans will be available to the Company in one drawing on the Closing Date.
		
	Ranking:	  	The Bridge Loans will be unsecured, senior obligations of the Company, ranking pari passu with or senior to all other unsecured debt obligations of the Company. The guarantees
will be unsecured, senior obligations of each Guarantor, ranking pari passu with or senior to all other unsecured debt obligations of such Guarantor.
		
	Security:	  	None.

  

 Annex 1-A-1 

			
	Purpose:	  	The proceeds of the Bridge Loans shall be used (i) to finance in part the Acquisition and (ii) to pay fees and expenses incurred in connection with the Transaction.

		
	Interest Rate:	  	Interest shall be payable quarterly in arrears at a rate per annum equal to three-month LIBOR plus the Applicable Margin (each as defined in the Fee Letter); provided that
the interest rate shall not exceed the Total Cap (as defined in the Fee Letter) except as provided in the next paragraph.
		
		  	During the continuance of an event of default or a payment default, interest will accrue on the principal of the Bridge Loans and on any other outstanding amount at a rate of 200
basis points in excess of the rate otherwise applicable to the Bridge Loans (except that following the Rollover Date (as defined below), interest on the Bridge Loans will accrue at a per annum rate equal to 200 basis points in excess of the Total
Cap), and will be payable on demand.
		
		  	All calculations of interest shall be made on the basis of actual number of days elapsed in a 360-day year.
		
	Cost and Yield Protection:	  	Substantially similar to the Existing Credit Agreement.
		
	Amortization:	  	None.
		
	Optional Prepayments: 	  	The Bridge Loans may be prepaid prior to the first anniversary of the Closing Date (the “Rollover Date”), without premium or penalty, in whole or in part,
upon written notice, at the option of the Company, at any time, together with accrued interest to the prepayment date.
		
	Mandatory Prepayments and Commitment	  	
	Reductions:	  	The Company shall prepay the Bridge Loans without premium or penalty together with accrued interest to the prepayment date, and the commitments in respect of the Bridge
Facility under the Commitment Letter shall be permanently reduced, by an amount equal to all Net Cash Proceeds (as defined in the Existing Credit Agreement), except that references in the definition of Net Cash Proceeds to “Sections 8.2.7(viii)
or (ix)” shall be deemed amended to be references to “Section 8.2.7” for purposes hereof, from (a) sales or other dispositions of property and assets of any Loan Party (including (i) sales or issuances of equity interests of
any direct subsidiaries of any Loan Party and (ii) any transfer, lease or other disposition of any portion of the Acquired Business to a subsidiary that is not a Loan Party), other than transactions pursuant to clauses (i), (ii), (iii),
(iv) (only for up to $25.0 million in the aggregate), (v) (only for up to $200.0 million of credit extensions at any time outstanding), (vi) (only to the extent in the ordinary course of business) and (vii) of Section 8.2.7
of the Existing Credit Agreement, (b) Extraordinary Receipts, (c) any issuance or incurrence after the Closing Date of additional debt of any Loan Party, including the Notes but excluding borrowings under the Existing
Credit

  

 Annex I-A-2 

			
		  	Agreement and debt incurred under clauses (ii), (iii), (iv), (v) (only to the extent in the ordinary course of business and is not a substitute for a financing arrangement),
(vi), (vii) (only to the extent relating to (1) clause (xi) of the definition of Permitted Liens (to the extent relating to up to $200.0 million of credit extensions at any time outstanding) and (2) clause (xii) of the
definition of Permitted Liens (to the extent relating to up to $25.0 million of Indebtedness)) and (ix) of Section 8.2.1 of the Existing Credit Agreement, and (d) any issuance of equity interests by the Company, except for issuances
under equity compensation arrangements in the ordinary course of business.
		
		  	“Extraordinary Receipts” means cash received by or paid to or for the account of any Loan Party outside the ordinary course of business in respect of tax
refunds, pension plan reversions, condemnation awards (and payments in lieu thereof) and casualty insurance proceeds (other than condemnation awards and casualty insurance proceeds promptly designated for reinvestment or restoration to occur within
270 days of receipt or promptly used to repay other debt secured by the asset that is the subject of the condemnation award or casualty insurance), indemnity payments (other than to the extent in respect of any third party claim against any Loan
Party and applied to pay or reimburse for payment of such claim and costs and expenses with respect thereto) and purchase price adjustments under the Acquisition Agreement.
		
		  	The Company shall give prompt notice to the Commitment Parties (prior to the execution and delivery of the Credit Documentation) or to the Administrative Agent (after the
execution and delivery of the Credit Documentation) of any event that reduces commitments or requires prepayment pursuant to the above.
		
	Change of Control:	  	In the event of a Change of Control (as defined in the Existing Credit Agreement), each Lender will have the right to require the Company, and the Company must offer, to prepay
the outstanding principal amount of the Bridge Loans at a premium equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to the date of prepayment.
		
	Conversion into Rollover	  	
	 Loans:
	  	If the Bridge Loans have not been previously prepaid in full for cash on or prior to the Rollover Date, the principal amount of the Bridge Loans outstanding on the Rollover Date
may, subject to the conditions precedent set forth in Annex I-B, be converted into unsecured, senior rollover loans with a maturity of January 15, 2015 and otherwise having the terms set forth in Annex I-B (the “Rollover
Loans”). Any Bridge Loans not converted into Rollover Loans shall be repaid in full on the Rollover Date.
		
	Exchange into	  	
	Exchange Notes:	  	Each Lender that is (or will immediately transfer its Exchange Notes to) an Eligible Holder (as defined in Annex I-C) will have the right, at any time on or after the
Rollover Date, to exchange Rollover Loans

  

 Annex I-A-3 

			
		  	held by it for unsecured senior exchange notes of the Company having the terms set forth in Annex I-C (the “Exchange Notes”); provided that the
Company may defer the first and each subsequent issuance of Exchange Notes until such times as the Company shall have received requests to issue an aggregate of at least $100.0 million in principal amount of Exchange Notes. In connection with each
such exchange, or at any time prior thereto, but after the Rollover Date, if requested by the Initial Lenders, the Company shall (i) deliver to the Lender that is receiving Exchange Notes, and to such other Lenders as the Initial Lenders
requests, an offering memorandum of the type customarily utilized in a Rule 144A offering of high yield securities covering the resale of such Exchange Notes or Bridge Loans by such Lenders and keep such offering memorandum updated in a manner
as would be required pursuant to a customary Rule 144A securities purchase agreement, (ii) execute an exchange agreement containing provisions customary in Rule 144A transactions (including indemnification provisions) and a registration rights
agreement customary in Rule 144A offerings, in each case, if requested by the Initial Lenders, (iii) deliver or cause to be delivered such opinions and accountants’ comfort letters addressed to the Initial Lenders and such certificates as
the Initial Lenders may request as would be customary in Rule 144A offerings and (iv) take such other actions, and cause its advisors, auditors and counsel to take such actions, as reasonably requested by the Initial Lenders in connection with
issuances or resales of Exchange Notes or Bridge Loans, including providing such information regarding the business and operations of the Company and its subsidiaries as is reasonably requested by any prospective holder of Exchange Notes or Bridge
Loans and customarily provided in due diligence investigations in connection with purchases or resales of securities.
		
	Conditions Precedent:	  	The availability of the Bridge Loans will be subject only to the conditions set forth in paragraph 5 of the Commitment Letter and Annex II hereto and the following
conditions precedent: (i) delivery of a written notice of borrowing, (ii) accuracy of the Acquisition Agreement Representations and the Specified Representations and (iii) no event of default under the Credit Documentation shall have
occurred and be continuing or would result from such extension of credit (it being understood and agreed, for purposes of this clause (iii), that the failure of any representation and warranty (other than the Specified Representations) in the Credit
Documentation to be true on the Closing Date shall not restrict or limit the availability of the Bridge Loans on the Closing Date).
		
	Representations and	  	
	Warranties:	  	Applicable to the Loan Parties and same as those in the Existing Credit Agreement, except that the representation and warranty regarding financial statements shall cover the
financial statements included in the Company’s Form 10-K for the year ended December 31, 2009 (the “Form 10-K”) and the financial statements delivered pursuant to clause (vi) of Annex II.
		
	Affirmative Covenants;	  	

  

 Annex I-A-4 

			
	Reporting Requirements: 	  	Applicable to the Loan Parties and same as those in the Existing Credit Agreement and covenants to comply with the Fee Letter and the Engagement Letter and to use reasonable best
efforts to refinance the Bridge Facility with the proceeds of the Permanent Securities as promptly as practicable following the Closing Date, including by taking the actions of the type described in paragraph (ix) of
Annex II.
		
	Negative Covenants: 	  	Applicable to the Loan Parties and same as those in the Existing Credit Agreement, with the following modifications:
		
		  	 1)      Indebtedness secured by Liens permitted by clause (xi) of the definition of
Permitted Liens shall be limited to $200.0 million at any time outstanding

		
		  	 2)      Liens on the Acquired Business (other than (a) customary non-consensual liens,
(b) customary liens arising in the ordinary course of business, (c) liens required to be granted pursuant to the Existing Credit Agreement, the Existing Notes and the Receivables Purchase Agreement, (d) liens existing at the time of
the acquisition of the Acquired Business and not incurred in contemplation thereof (e) liens securing the Bridge Loans, Rollover Loans or Exchange Notes and (f) other liens permitted by clauses (ix), (xvii), (xxii) of the definition
of Permitted Liens) shall be prohibited

		
		  	 3)      Clauses (iv) (other than with respect to Permitted Acquisitions for up to $25.0
million in the aggregate), (vi) (other than with respect to up to $25.0 million of Investments), (vii), (viii) and (xii) (to the extent made other than in exchange for common stock of the Company) of Section 8.2.4 of the Existing
Credit Agreement shall not be available

		
		  	 4)      The transfer, lease or other disposition of any portion of the Acquired Business to
subsidiaries that are not Loan Parties shall not be permitted except to the extent cash in an amount equal to fair market value thereof is received at such time as consideration therefor

		
		  	 5)      Regular quarterly dividends at the current quarterly payment rate shall be permitted if
at the time such dividend is declared (i) no default or event of default exists, (ii) the Leverage Ratio after giving effect thereto is “.25” turn less than the applicable maximum Leverage Ratio covenant and (iii) the
Company has borrowing availability under the Existing Credit Agreement of at least $100.0 million after giving effect thereto

		
		  	 6)      Clauses (iv), (v), (vi) and (vii) of Section 8.2.5 of the Existing Credit
Agreement shall not be available

  

 Annex I-A-5 

			
		  	 7)      Clause (3) of Section 8.2.6 of the Existing Credit Agreement shall not be
available (other than with respect to Permitted Acquisitions for up to $25.0 million in the aggregate)

		
		  	 8)      No prepayments, purchases, repurchases or redemptions of the Existing Notes shall be
permitted prior to the scheduled maturity thereof

		
		  	 9)      No consent of the Lenders (or Lead Arrangers) will be required in connection with an
amendment or amendment and restatement of the Receivables Purchase Agreement; provided that the commitments thereunder do not exceed $200.0 million

		
		  	After the Company’s acceptance of the Commitment Letter and prior to execution and delivery of the Credit Documentation, the Company agrees to comply with the negative
covenants (in the forms set forth in the Existing Credit Agreement as modified to the extent modified above) as if the Credit Documentation had been executed and delivered.
		
	Financial Covenants:	  	The following financial covenants with definitions and covenants levels that are the same as those in the Existing Credit Agreement:
		
		  	 1)      Maximum Leverage Ratio

		
		  	 2)      Minimum Interest Coverage Ratio

		
	Events of Default:	  	Applicable to the Loan Parties and same as those in the Existing Credit Agreement.
		
	Assignments and	  	
	Participations:	  	Each Lender will be permitted to make assignments in minimum amounts to be agreed to other entities approved by the Administrative Agent, which approval shall not be unreasonably
withheld or delayed; provided, however, that no such approval shall be required in connection with assignments to other Lenders or any of their affiliates. Each Lender will also have the right, without any consent, to assign as security all
or part of its rights under the Credit Documentation to any Federal Reserve Bank. Lenders will be permitted to sell participations with voting rights limited to significant matters such as changes in amount, rate and maturity date. An assignment fee
in the amount of $3,500 will be charged with respect to each assignment unless waived by the Administrative Agent in its sole discretion.
		
	Waivers and Amendments:	  	Amendments and waivers of the provisions of the Credit Documentation will require the approval of the Requisite Lenders, except that the consent of all directly affected Lenders
will be required with respect to certain customary unanimous matters, including, (i) increases in commitment amounts, (ii) reductions of principal, interest or fees, (iii) extensions of scheduled maturities or times for payment,
(iv) releases of guarantees representing all or substantially all of the value of the guarantees and (v) changes that impose any restriction on

  

 Annex I-A-6 

			
		  	the ability of any Lender to assign any of its rights or obligations. “Requisite Lenders” means (x) if any Lender (together with its affiliates)
holds more than 50% of the Bridge Loans or commitments with respect thereto, a minimum of two Lenders (for this purpose counting a Lender and its affiliates and approved funds as a single Lender) holding in the aggregate more than 50% of the Bridge
Loans or commitments with respect thereto and (y) if clause (x) does not apply, Lenders holding more than 50% of the Bridge Loans or commitments with respect thereto.
		
	Governing Law:	  	 New York.

		
	 Indemnification and
 Expenses:
	  	Substantially similar to the Existing Credit Agreement.
		
	 Counsel to the
 Administrative Agent
 and the Joint Lead
 Arrangers:
	  	Cahill Gordon & Reindel LLP.

  

 Annex I-A-7 

 ANNEX I-B 
 SUMMARY OF TERMS AND CONDITIONS 
 ROLLOVER LOANS 
 Capitalized terms not otherwise defined herein have the same meanings as specified therefor in the Commitment Letter to which this Annex I-B
is attached. 
  

			
	Borrower: 	  	Same as the borrower of the Bridge Loans.
		
	Guarantors: 	  	Same as the guarantors of the Bridge Loans.
		
	Rollover Loans: 	  	Rollover Loans in an initial principal amount equal to 100% of the outstanding principal amount of the Bridge Loans on the Rollover Date. Subject to the conditions precedent set
forth below, the Rollover Loans shall be available to the Company to refinance the Bridge Loans on the Rollover Date. The Rollover Loans shall be governed by the Credit Documentation for the Bridge Loans and, except as set forth below, shall have
the same terms as the Bridge Loans.
		
	Ranking: 	  	Same as the Bridge Loans.
		
	Interest Rate:	  	Interest shall be payable quarterly in arrears at a rate per annum equal to the Total Cap.
		
		  	During the continuance of an event of default or a payment default, interest will accrue on the principal of the Rollover Loans and on any other outstanding amount at a rate of
200 basis points in excess of the rate otherwise applicable to the Rollover Loans, and will be payable on demand.
		
		  	All calculations of interest shall be made on the basis of actual number of days elapsed in a 360-day year.
		
	Maturity: 	  	January 15, 2015 (the “Rollover Maturity Date”).
		
	Optional Prepayments:	  	Rollover Loans will be redeemable at the option of the Company at a prepayment price equal to the premium that applies to redemption of Exchange Notes, together with accrued and
unpaid interest to the prepayment date.
		
	Mandatory	  	
	Offer to Purchase:	  	The Company will be required to offer to prepay the Rollover Loans upon a Change of Control (to be defined in the documentation) at 101% of the principal amount thereof plus
accrued and unpaid interest to the date of prepayment.
		
	Conditions Precedent to	  	
	Rollover:	  	The ability of the Company to convert any Bridge Loans into Rollover Loans is subject to the following conditions being satisfied:

  

 Annex I-B-1 

			
		
		  	 (i)     at the time of any such conversion, there shall exist no payment default, bankruptcy or
insolvency default or failure to comply with Section 3 of the Fee Letter;

		
		  	 (ii)    all fees due to the Lead Arrangers and the Initial Lenders shall have been paid in
full;

		
		  	 (iii)  the Lenders shall have received promissory notes evidencing the Rollover Loans (if requested);
and

		
		  	 (iv)   no order, decree, injunction or judgment enjoining any such refinancing shall be in
effect.

		
	Covenants:	  	From and after the Rollover Date, the covenants applicable to the Rollover Loans will conform to those applicable to the Exchange Notes, except for covenants relating to the
obligation of the Company to refinance the Rollover Loans.
		
	 Assignments and
 Participations:
	  	Same as the Bridge Loans.
		
	Governing Law:	  	New York.
		
	 Indemnification and
 Expenses:
	  	Same as the Bridge Loans.

  

 Annex I-B-2 

 ANNEX I-C 
 SUMMARY OF TERMS AND CONDITIONS 
 EXCHANGE NOTES 
 Capitalized terms not otherwise defined herein have the same meanings as specified therefor in the Commitment Letter to which this Annex I-C
is attached. 
  

			
	Issuer:	  	Same as the borrower of the Bridge Loans.
		
	Guarantors:	  	Same as the guarantors of the Bridge Loans.
		
	Exchange Notes:	  	The Company will issue the Exchange Notes under an indenture that complies with the Trust Indenture Act of 1939, as amended (the “Indenture”). The Company
will appoint a trustee reasonably acceptable to the holders of the Exchange Notes. Except as expressly set forth herein, the Exchange Notes shall have the same terms as the Rollover Loans.
		
	Ranking:	  	Same as the Bridge Loans.
		
	Security:	  	None.
		
	Interest Rate:	  	Interest shall be payable quarterly in arrears at a per annum rate equal to the Total Cap.
		
		  	During the continuance of an event of default or a payment default, interest will accrue on the principal of the Exchange Notes and on any other outstanding amount at a rate of
200 basis points in excess of the rate otherwise applicable to the Exchange Notes, and will be payable on demand.
		
	Maturity:	  	Same as the Rollover Loans.
		
	Amortization:	  	None.
		
	Optional Redemption:	  	The Exchange Notes will be redeemable at the option of the Company at a customary “make-whole” premium calculated using a discount rate equal to the yield on comparable
Treasury securities plus 50 basis points, plus accrued and unpaid interest to the redemption date.
		
		  	In addition, Exchange Notes will be redeemable at the option of the Company prior to the third anniversary of the Closing Date with the net cash proceeds of qualified equity
offerings of the Company at a premium equal to the coupon on the Exchange Notes, plus accrued and unpaid interest to the redemption date; provided that after giving effect to such redemption at least 65% of the aggregate principal amount of
Exchange Notes originally issued shall remain outstanding.

  

 Annex 1-C-1 

			
	Mandatory	  	
	Offer to Purchase:	  	The Company will be required to offer to purchase the Exchange Notes upon a Change of Control (to be defined in the Indenture) at 101% of the principal amount thereof plus
accrued and unpaid interest to the date of purchase.
		
	Covenants and	  	
	Events of Default:	  	Customary high yield covenants and events of default for a comparable issuer in light of prevailing circumstances and market conditions; provided that such covenants shall
in no event be more restrictive than the corresponding covenants and events of default in the Bridge Loans.
		
	Right to Transfer	  	
	 Exchange Notes:
	  	Each holder of Exchange Notes shall have the right to transfer its Exchange Notes in whole or in part, at any time to an Eligible Holder and, after the Exchange Notes are
registered pursuant to the provisions described under “Registration Rights,” to any person or entity; provided that if the Company or any of its affiliates holds Exchange Notes, such Exchange Notes shall be disregarded in any
voting. “Eligible Holder” will mean (a) an institutional “accredited investor” within the meaning of Rule 501 under the Securities Act of 1933 (the “Securities Act”), (b) a
“qualified institutional buyer” within the meaning of Rule 144A under the Securities Act, (c) a person acquiring the Exchange Notes pursuant to an offer and sale occurring outside of the United States within the meaning of Regulation
S under the Securities Act or (d) a person acquiring the Exchange Notes in a transaction that is, in the opinion of counsel reasonably acceptable to the Company, exempt from the registration requirements of the Securities Act; provided
that in each case such Eligible Holder represents that it is acquiring the Exchange Notes for its own account and that it is not acquiring such Exchange Notes with a view to, or for offer or sale in connection with, any distribution thereof (within
the meaning of the Securities Act) that would be in violation of the securities laws of the United States or any state thereof.
		
	Registration Rights:	  	Within 90 days of the first issuance of Exchange Notes, the Company shall file a shelf registration statement with the Securities and Exchange Commission and the Company shall
use its commercially reasonable efforts to cause such shelf registration statement to be declared effective within 90 days thereafter and keep such shelf registration statement effective, with respect to resales of the Exchange Notes, for as long as
it is required by the holders of the Exchange Notes to resell the Exchange Notes. Upon failure to meet the deadlines or otherwise comply with the requirements of the registration rights agreement (a “Registration Default”),
the Company shall pay liquidated damages to each holder of Exchange Notes with respect to the first 90-day period immediately following the occurrence of the first Registration Default in an amount equal to 0.25% per annum on the principal
amount of Exchange Notes held by such holder. The amount of the liquidated damages will increase by an additional 0.25% per annum on the principal amount of Exchange Notes with respect to each subsequent 90-day pe-

  

 Annex I-C-2 

			
		  	riod until all Registration Defaults have been cured, up to a maximum amount of liquidated damages for all Registration Defaults of 1.00% per annum.
		
	Governing Law:	  	New York.
		
	 Indemnification and
 Expenses:
	  	Same as the Bridge Loans.

  

 Annex I-C-3 

 ANNEX II 
 CONDITIONS PRECEDENT TO CLOSING 
 Capitalized terms not otherwise defined
herein have the same meanings as specified therefor in the Commitment Letter to which this Annex II is attached. 
 The funding
of the Bridge Loans will be subject to the satisfaction of the following conditions precedent: 
 (i) The
Acquisition shall have been, or shall substantially concurrently with the funding of the Bridge Facility be, consummated in accordance with the terms of the Acquisition Agreement, and the Acquisition Agreement shall not have been amended, waived or
otherwise modified in any material respect and no material consent shall be given thereunder, without the prior written consent of the Lead Arrangers (such consent not to be unreasonably withheld, conditioned or delayed). 
 (ii) There has been no change, occurrence or development since December 31, 2009 that, either individually or in the
aggregate, has had or would reasonably be expected to have a material adverse effect on the business, properties, financial condition or results of operations of the Loan Parties, taken as a whole, other than any such change, occurrence of
development resulting from changes, after the date hereof, in general economic or financial markets conditions or in general coal or natural gas prices except to the extent such change, occurrence or development has had or could reasonably be
expected to have a disproportionate impact on the Loan Parties, taken as a whole, as compared to other energy industry participants. 
 (iii) Since December 31, 2009, (a) there has not been any reduction in the rate of production of Hydrocarbons from the Properties which would constitute an Acquired Business Material Adverse
Effect, (b) there has not been any reduction or write-down in the reserves estimated for the Properties (which reduction or write-down is not reflected in the Reserve Report) that would constitute an Acquired Business Material Adverse Effect,
(c) there has not been any damage, destruction or loss with respect to the Assets that would constitute an Acquired Business Material Adverse Effect that is not addressed by the terms of section 11.4 of the Acquisition Agreement, and
(d) the Assets have not become subject to any obligation or liability that would constitute an Acquired Business Material Adverse Effect and be required to be reflected as an extraordinary item separately listed on an income statement for the
E&P Business prepared in accordance with the Accounting Principles. “Acquired Business Material Adverse Effect” means a material adverse effect on the ownership, assets, operations or financial condition of the E&P
Business, taken as a whole; provided, however, that Acquired Business Material Adverse Effect shall not include material adverse effects resulting from general changes in oil and gas prices; general changes in industry, economic or
political conditions, or financial markets; changes in condition or developments generally applicable to the oil and gas industry in any area or areas where the Assets are located; acts of God, including hurricanes and storms; acts or failures to
act of Governmental Authorities (where not caused by the willful or negligent acts of Sellers or the Companies (as defined in the Acquisition Agreement)); civil unrest or similar disorder; terrorist acts; changes in Laws; effects or changes that are
cured or no longer exist by the earlier of the Closing Date and the termination of the Acquisition Agreement pursuant to Article 10 of the Acquisition Agreement; and changes resulting from the announcement of the transactions contemplated thereby or
the performance of the covenants set forth in Section 6.4 of the Acquisition

  

 Annex II-1 

 
Agreement. Capitalized terms used without definition in this paragraph have the meanings given to them in the Acquisition Agreement. 
 (iv) The Lead Arrangers shall have received a certification as to the financial condition and solvency of the Loan Parties,
taken as a whole, from the chief financial officer of the Company, in the form of Annex II-A hereto. 
 (v) The
Lenders under the Bridge Facility shall have received customary opinions of counsel to the Loan Parties (which shall cover, among other things, authority, legality, validity, binding effect and enforceability of the documents for the Bridge Facility
and no conflicts with charter documents, law or specified material contracts) and of local counsel in jurisdictions where the Loan Parties are incorporated, organized or formed and such customary corporate resolutions, secretary’s certificates
and other customary closing documents. 
 (vi) The Administrative Agent and the Lenders shall have received:
(A) for each fiscal quarter of the 2010 fiscal year ending at least 40 days prior to the Closing Date, an unaudited consolidated balance sheet and related consolidated statements of operations and consolidated cash flows of the Company and of
the Acquired Business for such fiscal quarter and for the elapsed period of the 2010 fiscal year and for the comparable periods of the prior fiscal year (the “Quarterly Financial Statements”), as to which the independent
public accountants of the Company or the Seller, as the case may be, shall have performed a SAS 100 review; (B) any additional audited and unaudited financial statements for all recent, probable or pending acquisitions by the Company that will
be required to be filed in a Form 8-K; and (C) a pro forma consolidated balance sheet of the Company and related consolidated statement of operations for 2009, for the latest fiscal quarter covered by the Quarterly Financial Statements and the
four-quarter period ending with the latest fiscal quarter covered by the Quarterly Financial Statements, in each case, after giving effect to the Transaction, all of which financial statements shall meet the requirements of Regulation S-X under the
Securities Act and all other accounting rules and regulations of the Securities and Exchange Commission promulgated thereunder applicable to a registration statement under the Securities Act on Form S-3 (subject to customary exceptions for
Rule 144A offerings of high yield debt securities). 
 (vii) The Lead Arrangers shall have received:
(A) forecasts prepared by management of the Company and its subsidiaries, each in form reasonably satisfactory to the Lead Arrangers, on a pro forma basis to give effect to the Transaction and the incurrence of indebtedness related thereto of
consolidated balance sheets, consolidated income statements and consolidated cash flow statements for each month for the first twelve months following the Closing Date and for each year commencing with the first fiscal year following the Closing
Date for the term of the Bridge Facility; and (B) evidence satisfactory to the Administrative Agent that the pro forma Leverage Ratio (as calculated pursuant to clause (3)(iii) of Section 8.2.6 of the Existing Credit Agreement as
amended in compliance with the Refinancing Exception) is not greater than 4.75:1.0. 
 (viii) All accrued fees
and expenses of the Administrative Agent and the Lead Arrangers (including the reasonable fees and expenses of counsel for the Administrative Agent and the Lead Arrangers and one local counsel in each jurisdiction) for which invoices are received at
least three days prior to the Closing Date shall have been paid. 
 (ix) The Company shall have (1) within
15 days after the date of the Commitment Letter, prepared a preliminary offering memorandum relating to the debt Permanent Securities, in a form reasonably satisfactory to BAS but in any event including (or incorporating by reference)

  

 Annex II-2 

 
all financial statements and other information that would be required to be included, or incorporated by reference, in a registration statement on Form S-3 for an offering registered under the
Securities Act (subject to customary exceptions for Rule 144A offerings of high yield debt securities), and thereafter prepared supplements to or final versions of such offering memorandum (promptly upon request by, and in a form reasonably
satisfactory to, BAS) (collectively, the “Offering Document”), (2) caused the independent registered public accountants of the Company and the Acquired Business to render customary “comfort letters” (including
customary “negative assurances”) with respect to the historical and pro forma financial information in the Offering Document, (3) caused the independent engineers of the Company and the Acquired Business to render customary letters
with respect to the reserves of the Company, the Acquired Business and their subsidiaries, (4) caused the senior management and other representatives of the Company to provide access in connection with due diligence investigations and to
participate in a customary high-yield “road show,” for a consecutive 10 business-day period (or such shorter period agreed to by BAS) (the “Marketing Period”) commencing on a date determined by BAS with consultation
of the Company but not earlier than the delivery of a final Offering Document (at no time during which period the financial information in the Offering Document shall be “stale”) and ending at least three business days prior to the Closing
Date, and (5) used all commercially reasonable efforts to have obtained the Ratings prior to the commencement of the Marketing Period. 
 (x) The Administrative Agent shall have received a reserve report prepared by an independent engineer, in form and substance meeting the requirements of the SEC for financial reporting purposes,
certifying the present value of the proved oil and gas reserves of the Acquired Business as of December 31, 2009. 
 (xi) After giving effect to the Transaction, (A) neither the Company nor any of its subsidiaries shall have any indebtedness for borrowed money or preferred stock outstanding other than (1) borrowings under the Existing Credit
Agreement, (2) borrowings by CNX Gas Corporation under the Existing Gas Credit Agreement, (3) borrowings of up to $200.0 million under the Company’s existing trade accounts receivable facility, (4) up to $3,500.0 million
aggregate gross proceeds of the Bridge Loans and/or the Notes and (5) any other indebtedness for borrowed money reflected in note 13 of the notes to the Company’s financial statements included in the Form 10-K and (B) there shall not
be an Event of Default under, and as defined in, the Existing Credit Agreement. As soon as practicable after the date hereof and in any event not later than the last day of the Marketing Period, the Existing Credit Agreement shall have been amended
to permit the Transaction, or shall have been refinanced with another revolving credit agreement (permitted by clause (iii) of the proviso to the third paragraph of Section 2 of the Commitment Letter) that permits the Transaction, in each
case, including the terms of the Bridge Facility and the Notes as contemplated by the Commitment Letter and the Fee Letter. 
 (xii) The Lenders shall have received all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and
regulations, including the U.S.A. Patriot Act. 
  

 Annex II-3 

 ANNEX II-A 
 [Form of] 
 SOLVENCY CERTIFICATE 
 This Solvency Certificate (this “Certificate”) is delivered pursuant to Section [    ] of the Credit
Agreement, dated as of [            ], 2010 (as amended, supplemented, restated, replaced or otherwise modified from time to time, the “Credit Agreement”), among CONSOL Energy
Inc. (the “Company”), Bank of America, N.A., as Administrative Agent and each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”). Capitalized terms used herein without
definition have the same meanings as in the Credit Agreement. 
 I hereby certify on behalf of the Loan Parties as follows:

 1. I am the duly qualified and acting Chief Financial Officer of the Company and in such capacity am a senior financial
officer with responsibility for the management of the financial affairs of the Company and the preparation of consolidated financial statements of the Company and its subsidiaries. I acted on behalf of the Company in connection with the negotiation
and execution of the Credit Agreement, the other Loan Documents and each other document relating to the Transaction. In connection with the following certifications, I have reviewed the financial statements of the Company and its subsidiaries.

 2. I have carefully reviewed the contents of this Certificate, and I have conferred with counsel for the Company for the
purpose of discussing the meaning of its contents and the purpose for which it is to be used. I have made such investigations and inquiries as I have deemed to be necessary and prudent, and have reviewed the Credit Agreement, the other Loan
Documents and each other document relating to the Transaction. I am providing this certificate solely in my capacity as an officer of the Company. 
 3. The fair value of the property of the Loan Parties, taken as a whole, is not as of the date hereof, nor will it be after giving effect to the Transaction, less than the total amount of liabilities,
including contingent liabilities, of the Loan Parties, taken as a whole (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such
time, represents the amount that can reasonably be expected to become an actual or matured liability). 
 4. On the date hereof
before and after giving effect to the Transaction, the present fair salable value of the assets of the Loan Parties, taken as a whole, is greater as of the date hereof than the total amount of liabilities, including contingent liabilities, of the
Loan Parties, taken as a whole (it being understood that the amount of contingent liabilities at any time shall be computed as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can
reasonably be expected to become an actual or matured liability). 
 5. The Loan Parties are not incurring, and do not intend to
incur, debts or liabilities beyond the Loan Parties’ ability to pay such debts and liabilities as they mature. 
 6. The
Loan Parties, taken as a whole, are not, and after giving effect to the Transaction will not be, left with property remaining in its hands constituting “unreasonably small capital.” I

 
understand that “unreasonably small capital” depends upon the nature of the particular business or businesses conducted or to be conducted, and I have reached my conclusion based on the
needs and anticipated needs for capital of the businesses conducted or anticipated to be conducted by the Loan Parties in light of the projected financial statements and available credit capacity. 
 [Signature Page Follows] 
  

 -2- 

 IN WITNESS WHEREOF, I have hereunto set my hand this [    ]th day of
[            ], 2010. 
  

					
	CONSOL ENERGY INC.
		
	By:	 	  

		 	Name:	 	
		 	Title:	 	[Chief Financial Officer]

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