Document:

GeoMet, Inc. 2006 Long-Term Incentive Plan

 Exhibit 10.9 
 GEOMET, INC. 
 2006 LONG-TERM INCENTIVE PLAN 
 ARTICLE I. ESTABLISHMENT AND PURPOSE 
 1.1 Establishment and Purpose. GeoMet, Inc. (“GeoMet”) hereby establishes the GeoMet, Inc. 2006 Long-Term Incentive Plan, as set forth in this document. The purposes of the Plan are to attract and retain highly qualified
key employees, officers and directors, to further align the interests of these individuals with those of the stockholders of GeoMet, and more closely link compensation with Company performance. GeoMet is committed to creating long-term stockholder
value. GeoMet’s compensation philosophy is based on a belief that GeoMet can best create stockholder value if key employees, officers and directors act and are rewarded as business owners. GeoMet believes that an equity stake through equity
compensation programs effectively aligns employee and stockholder interests by motivating and rewarding performance that will enhance stockholder value. 
 1.2 Effectiveness and Term. This Plan shall become effective as of the date (the “Effective Date”) that the Plan is duly approved by the holders of at least a majority of the shares of Common Stock
either (a) present or represented and entitled to vote at a special meeting of the stockholders of GeoMet duly held in accordance with applicable law or (b) by written action in lieu of a meeting in accordance with applicable law. Unless
terminated earlier by the Board pursuant to Section 14.1, this Plan shall terminate on the day prior to the tenth anniversary of the Effective Date. 
 ARTICLE II. DEFINITIONS 
 2.1 “Affiliate” means (a) with respect to
Incentive Stock Options, a “parent corporation” or a “subsidiary corporation” of GeoMet, as those terms are defined in Sections 424(e) and (f) of the Code, respectively, and (b) with respect to other Awards, (i) a
“parent corporation” or a subsidiary corporation” of GeoMet as defined in (a) above, or (ii) any other person with whom GeoMet would be considered a single employer under Section 414(b) of the Code (controlled group of
corporations) or Section 414(c) of the Code (partnerships, proprietorships, etc., under common control), provided that in applying Code Sections 1563(a)(1), (2) and (3) for purposes of determining a controlled group of corporations
under Section 414(b) of the Code, the language “at least 50 percent” shall be used instead of “at least 80 percent” each place it appears in Code Sections 1563(a)(1), (2) and (3), and in applying Treasury Regulation
Section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated) that are under common control for purposes of Section 414(c) of the Code, the language “at least 50 percent” shall be used instead
of “at least 80 percent” each place it appears in Treasury Regulation Section 1.414(c)-2. 

 2.2 “Award” means an award granted to a Participant in the form of Options, SARs,
Restricted Stock, Restricted Stock Units, Performance Awards, Stock Awards or Other Incentive Awards, whether granted singly or in combination. 
 2.3 “Award Agreement” means a written agreement between GeoMet and a Participant that sets forth the terms, conditions, restrictions and limitations applicable to an Award. 
 2.4 “Board” means the Board of Directors of GeoMet. 
 2.5 “Cash Dividend Right” means a contingent right, granted in tandem with a specific Restricted Stock Unit Award, to receive an amount
in cash equal to the cash distributions made by GeoMet with respect to a share of Common Stock during the period such Award is outstanding. 
 2.6 “Cause” means a finding by the Committee of acts or omissions constituting, in the Committee’s reasonable judgment, (a) a breach of duty by the Participant in the course of his employment or service
involving fraud, acts of dishonesty (other than inadvertent acts or omissions), disloyalty to the Company, or moral turpitude constituting criminal felony; (b) conduct by the Participant that is materially detrimental to the Company, monetarily
or otherwise, or reflects unfavorably on the Company or the Participant to such an extent that the Company’s best interests reasonably require the termination of the Participant’s employment or service; (c) acts or omissions of the
Participant materially in violation of his obligations under any written employment or other agreement between the Participant and the Company or at law; (d) the Participant’s failure to comply with or enforce Company policies concerning
equal employment opportunity, including engaging in sexually or otherwise harassing conduct; (e) the Participant’s repeated insubordination; (f) the Participant’s failure to comply with or enforce, in any material respect, all
other personnel policies of the Company; (g) the Participant’s failure to devote his full (or other required) working time and best efforts to the performance of his responsibilities to the Company; or (h) the Participant’s
conviction of, or entry of a plea agreement or consent decree or similar arrangement with respect to a felony or any violation of federal or state securities laws. 
 2.7 “Code” means the Internal Revenue Code of 1986, as amended from time to time, including regulations thereunder and successor provisions and regulations. 
 2.8 “Committee” means the Compensation Committee of the Board or such other committee of the Board as may be designated by the
Board to administer the Plan, which committee shall consist of two or more members of the Board; provided, however, that with respect to the application of the Plan to Awards made to Outside Directors, the “Committee” shall be the Board.
During such time as the Common Stock is registered under Section 12 of the Exchange Act, each member of the Committee shall be an Outside Director. To the extent that no Committee exists that has the authority to administer the Plan, the
functions of the Committee shall be exercised by the Board. 
  

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 2.9 “Common Stock” means the common stock of GeoMet, $0.001 par value per share,
or any stock or other securities of hereafter issued or issuable in substitution or exchange for the Common Stock. 
 2.10
“Company” means GeoMet and any Affiliate. 
 2.11 “Corporate Change” means (a) the
dissolution or liquidation of GeoMet; (b) a reorganization, merger or consolidation of GeoMet with one or more corporations (other than a merger or consolidation effecting a reincorporation of GeoMet in another state or any other merger or
consolidation in which the stockholders of the surviving corporation and their proportionate interests therein immediately after the merger or consolidation are substantially identical to the stockholders of GeoMet and their proportionate interests
therein immediately prior to the merger or consolidation) (collectively, a “Corporate Change Merger”); (c) the sale of all or substantially all of the assets of the Company; or (d) the occurrence of a Change in Control.
Notwithstanding the foregoing, “Corporate Change” shall not include the Offering or any public offering of equity of GeoMet pursuant to a registration that is effective under the Securities Act. A “Change in Control” shall be
deemed to have occurred if (a) individuals who were directors of GeoMet immediately prior to a Control Transaction shall cease, within two years of such Control Transaction to constitute a majority of the Board (or of the Board of Directors of
any successor to GeoMet or to a company which has acquired all or substantially all its assets) other than by reason of an increase in the size of the membership of the applicable Board that is approved by at least a majority of the individuals who
were directors of GeoMet immediately prior to such Control Transaction or (b) any entity, person or Group acquires shares of GeoMet in a transaction or series of transactions that result in such entity, person or Group directly or indirectly
owning beneficially 50% or more of the outstanding shares of Common Stock. As used herein, “Control Transaction” means (a) any tender offer for or acquisition of capital stock of GeoMet pursuant to which any person, entity, or Group
directly or indirectly acquires beneficial ownership of 20% or more of the outstanding shares of Common Stock; (b) any Corporate Change Merger of GeoMet; (c) any contested election of directors of GeoMet; or (d) any combination of the
foregoing, any one of which results in a change in voting power sufficient to elect a majority of the Board. As used herein, “Group” means persons who act “in concert” as described in Sections 13(d)(3) and/or 14(d)(2) of the
Exchange Act. 
 2.12 “Dividend Unit Right” means a contingent right, granted in tandem with a specific Restricted
Stock Unit Award, to have an additional number of Restricted Stock Units credited to a Participant in respect of the Award equal to the number of shares of Common Stock that could be purchased at Fair Market Value with the amount of each cash
distribution made by GeoMet with respect to a share of Common Stock during the period such Award is outstanding. 
 2.13
“Effective Date” means the date this Plan becomes effective as provided in Section 1.2. 
 2.14
“Employee” means an employee of the Company; provided, however, that the term “Employee” does not include an Outside Director of the Company. 
 2.15 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
  

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 2.16 “Fair Market Value” means (a) if the Common Stock is traded in the
over-the-counter market, the average of the representative closing bid and asked prices as reported by NASDAQ for the date the Award is granted (or if there was no quoted price for such date of grant, then for the last preceding business day on
which there was a quoted price), or (b) if the Common Stock is traded in the NASDAQ National Market System, the average of the highest and lowest selling prices for such stock as quoted on the NASDAQ National Market System for the date the
Award is granted (or if there are no sales for such date of grant, then for the last preceding business day on which there were sales), or (c) if the Common Stock is listed on any national stock exchange, the average of the highest and lowest
selling prices for such stock as quoted on such exchange for the date the Award is granted (or if there are no sales for such date of grant, then for the last preceding business day on which there were sales), or (d) if the Common Stock is not
reported or quoted by any such organization, fair market value of the Common Stock as determined in good faith by the Committee using a “reasonable application of a reasonable valuation method” within the meaning Section 409A of the
Code and the regulations thereunder. Notwithstanding the foregoing, “Fair Market Value” with respect to an Incentive Stock Option shall mean fair market value as determined in good faith by the Committee within the meaning of
Section 422 of the Code. 
 2.17 “GeoMet” means GeoMet, Inc., a Delaware corporation, or any successor thereto.

 2.18 “Good Reason” means any of the following actions if taken without the Participant’s prior written
consent: (a) any material failure by the Company to comply with its obligations under the terms of a written employment agreement; (b) any demotion of the Participant as evidenced by a material reduction in the Participant’s
responsibilities, duties, compensation, or benefits; or (c) any permanent relocation of the Participant’s place of business to a location 50 miles or more from the then-current location. Neither a transfer of employment among GeoMet and
any of its Affiliates, a change in any co-employment relationship, nor a mere change in job title or reporting structure constitutes “Good Reason.” 
 2.19 “Grant Date” means the date an Award is determined to be effective by the Committee upon the grant of such Award. 
 2.20 “Inability to Perform” means and shall be deemed to have occurred if the Participant has been determined under the
Company’s or any co-employer’s long-term disability plan to be eligible for long-term disability benefits. In the absence of the Participant’s participation in, application for benefits under, or existence of such a plan,
“Inability to Perform” means a finding by the Committee in its sole judgment that the Participant is, despite any reasonable accommodation required by law, unable to perform the essential functions of his position because of an illness or
injury for (a) 60% or more of the normal working days during six consecutive calendar months or (b) 40% or more of the normal working days during twelve consecutive calendar months. 
 2.21 “Incentive Stock Option” means an Option that is intended to meet the requirements of Section 422(b) of the Code.

  

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 2.22 “NASDAQ” means The NASDAQ Stock Market, Inc. 
 2.23 “Nonqualified Stock Option” means an Option that is not an Incentive Stock Option. 
 2.24 “Offering” means the offering, sale and issuance by GeoMet of Common Stock as set forth in that certain offering memorandum
dated January 24, 2006. 
 2.25 “Option” means an option to purchase shares of Common Stock granted to a
Participant pursuant to Article VII. An Option may be either an Incentive Stock Option or a Nonqualified Stock Option, as determined by the Committee. 
 2.26 “Other Incentive Award” means an incentive award granted to a Participant pursuant to Article XII. 
 2.27 “Outside Director” means a member of the Board who: (a) meets the independence requirements of the principal exchange or quotation system upon which the shares of Common Stock are
listed or quoted, (b) from and after the date on which the remuneration paid pursuant to the Plan becomes subject to the deduction limitation under Section 162(m) of the Code, qualifies as an “outside director” under
Section 162(m) of the Code, (c) qualifies as a “non-employee director” of GeoMet under Rule 16b-3, and (d) satisfies independence criteria under any other applicable laws or regulations relating to the issuance of shares of
Common Stock to Employees. 
 2.28 “Participant” means an Employee or director that has been granted an Award;
provided, however, that no Award that may be settled in Common Stock may be issued to a Participant that is not a natural person. 
 2.29
“Performance Award” means an Award granted to a Participant pursuant to Article XI to receive cash or Common Stock conditioned in whole or in part upon the satisfaction of specified performance criteria. 
 2.30 “Permitted Transferee” shall have the meaning given such term in Section 15.4. 
 2.31 “Plan” means the GeoMet, Inc. 2006 Long-Term Incentive Plan, as in effect from time to time. 
 2.32 “Restricted Period” means the period established by the Committee with respect to an Award of Restricted Stock or Restricted
Stock Units during which the Award remains subject to forfeiture. 
 2.33 “Restricted Stock” means a share of Common
Stock granted to a Participant pursuant to Article IX that is subject to such terms, conditions, and restrictions as may be determined by the Committee. 
  

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 2.34 “Restricted Stock Unit” means a fictional share of Common Stock granted to a
Participant pursuant to Article X that is subject to such terms, conditions, and restrictions as may be determined by the Committee. 
 2.35 “Rule 16b-3” means Rule 16b-3 promulgated by the SEC under the Exchange Act, or any successor rule or regulation that may be in effect from time to time. 
 2.36 “SEC” means the United States Securities and Exchange Commission, or any successor agency or organization. 
 2.37 “Securities Act” means the Securities Act of 1933, as amended. 
 2.38 “Stock Appreciation Right” or “SAR” means a right granted to a Participant pursuant to Article VIII with
respect to a share of Common Stock to receive upon exercise cash, Common Stock or a combination of cash and Common Stock, equal to the appreciation in value of a share of Common Stock. 
 ARTICLE III. PLAN ADMINISTRATION 
 3.1 Plan Administrator and Discretionary
Authority. The Plan shall be administered by the Committee. The Committee shall have total and exclusive responsibility to control, operate, manage and administer the Plan in accordance with its terms. The Committee shall have all the authority
that may be necessary or helpful to enable it to discharge its responsibilities with respect to the Plan. Without limiting the generality of the preceding sentence, the Committee shall have the exclusive right to: (a) interpret the Plan and the
Award Agreements executed hereunder; (b) decide all questions concerning eligibility for, and the amount of, Awards granted under the Plan; (c) construe any ambiguous provision of the Plan or any Award Agreement; (d) prescribe the
form of Award Agreements; (v) correct any defect, supply any omission or reconcile any inconsistency in the Plan or any Award Agreement; (e) issue administrative guidelines as an aid to administering the Plan and make changes in such
guidelines as the Committee from time to time deems proper; (f) make regulations for carrying out the Plan and make changes in such regulations as the Committee from time to time deems proper; (g) determine whether Awards should be granted
singly or in combination; (h) to the extent permitted under the Plan, grant waivers of Plan terms, conditions, restrictions and limitations; (i) accelerate the exercise, vesting or payment of an Award when such action or actions would be
in the best interests of the Company; (j) require Participants to hold a stated number or percentage of shares of Common Stock acquired pursuant to an Award for a stated period; and (k) take any and all other actions the Committee deems
necessary or advisable for the proper operation or administration of the Plan. The Committee shall have authority in its sole discretion with respect to all matters related to the discharge of its responsibilities and the exercise of its authority
under the Plan, including without limitation its construction of the terms of the Plan and its determination of eligibility for participation in, and the terms of Awards granted under, the Plan. The decisions of the Committee and its actions with
respect to the Plan shall be final, conclusive and binding on all persons having or claiming to have any right or interest in or under the Plan, including without limitation Participants and their respective Permitted Transferees, estates,
beneficiaries and legal representatives. 
  

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 3.2 Liability; Indemnification. No member of the Committee, nor any person to whom it has
delegated authority, shall be personally liable for any action, interpretation or determination made in good faith with respect to the Plan or Awards granted hereunder, and each member of the Committee (or delegatee of the Committee) shall be fully
indemnified and protected by GeoMet with respect to any liability he may incur with respect to any such action, interpretation or determination, to the maximum extent permitted by applicable law. 
 ARTICLE IV. SHARES SUBJECT TO THE PLAN 
 4.1 Available Shares. 
 (a) Subject to adjustment as provided in Section 4.2, the maximum number of
shares of Common Stock that shall be available for grant of Awards under the Plan shall be 2,000,000 shares of Common Stock. 
 (b) The maximum number of shares of Common Stock that may be subject to Incentive Stock Options granted under the Plan is 2,000,000. The maximum number of shares of Common Stock that may be subject to all Awards granted under the
Plan to any one Participant (i) during the fiscal year of GeoMet in which the Participant is first hired by the Company is 200,000 shares and (ii) during each subsequent fiscal year is 100,000 shares. The limitations provided
in this Section 4.1(b) shall be subject to adjustment as provided in Section 4.2. 
 (c) Shares of Common Stock
issued pursuant to the Plan may be original issue or treasury shares or a combination of the foregoing, as the Committee, in its sole discretion, shall from time to time determine. During the term of this Plan, GeoMet will at all times reserve and
keep available such number of shares of Common Stock as shall be sufficient to satisfy the requirements of the Plan. 
 4.2 Adjustments
for Recapitalizations and Reorganizations. Subject to Article XIII, if there is any change in the number or kind of shares of Common Stock outstanding (a) by reason of a stock dividend, spin-off, recapitalization, stock split, or
combination or exchange of shares, (b) by reason of a merger, reorganization, or consolidation, (c) by reason of a reclassification or change in par value, or (d) by reason of any other extraordinary or unusual event affecting the
outstanding Common Stock as a class without GeoMet’s receipt of consideration, or if the value of outstanding shares of Common Stock is reduced as a result of a spin-off or GeoMet’s payment of an extraordinary cash dividend, or
distribution or dividend or distribution consisting of any assets of GeoMet other than cash, the maximum number and kind of shares of Common Stock available for issuance under the Plan, the maximum number and kind of shares of Common Stock for which
any individual may receive Awards in any fiscal year or under the Plan, the number and kind of shares of Common Stock covered by outstanding Awards, and the price per share or the applicable market value or performance target of such Awards may be
appropriately adjusted by the Committee to reflect any increase or decrease in the number of, or change in the kind or value of, issued shares of Common Stock to preclude, to the extent practicable, the enlargement or dilution of rights under such
Awards; provided, however, that any fractional shares resulting from such adjustment shall be eliminated. 
  

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 4.3 Adjustments for Awards. The Committee shall have sole discretion to determine the manner in
which shares of Common Stock available for grant of Awards under the Plan are counted. Without limiting the discretion of the Committee under this Section 4.3, unless otherwise determined by the Committee, the following rules shall apply for
the purpose of determining the number of shares of Common Stock available for grant of Awards under the Plan: 
 (a)
Options, Restricted Stock and Stock Awards. The grant of Options, Restricted Stock or Stock Awards shall reduce the number of shares of Common Stock available for grant of Awards under the Plan by the number of shares of Common Stock subject
to such an Award. 
 (b) SARs. The grant of SARs that may be paid or settled (i) only in Common Stock or
(ii) in either cash or Common Stock shall reduce the number of shares available for grant of Awards under the Plan by the number of shares subject to such an Award; provided, however, that upon the exercise of SARs, the excess of the number of
shares of Common Stock with respect to which the Award is exercised over the number of shares of Common Stock issued upon exercise of the Award shall again be available for grant of Awards under the Plan. The grant of SARs that may be paid or
settled only for cash shall not affect the number of shares available for grant of Awards under the Plan. 
 (c) Restricted
Stock Units. The grant of Restricted Stock Units (including those credited to a Participant in respect of a Dividend Unit Right) that may be paid or settled (i) only in Common Stock or (ii) in either cash or Common Stock shall reduce
the number of shares available for grant of Awards under the Plan by the number of shares subject to such an Award; provided, however, that upon settlement of the Award, the excess, if any, of the number of shares of Common Stock that had been
subject to such Award over the number of shares of Common Stock issued upon its settlement shall again be available for grant of Awards under the Plan. The grant of Restricted Stock Units that may be paid or settled only for cash shall not affect
the number of shares available for grant of Awards under the Plan. 
 (d) Performance Awards and Other Incentive
Awards. The grant of a Performance Award or Other Incentive Award in the form of Common Stock or that may be paid or settled (i) only in Common Stock or (ii) in either Common Stock or cash shall reduce the number of shares available
for grant of Awards under the Plan by the number of shares subject to such an Award; provided, however, that upon settlement of the Award, the excess, if any, of the number of shares of Common Stock that had been subject to such Award over the
number of shares of Common Stock issued upon its settlement shall again be available for grant of Awards under the Plan. The grant of a Performance Award or Other Incentive Award that may be paid or settled only for cash shall not affect the number
of shares available for grant of Awards under the Plan. 
  

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 (e) Cancellation, Forfeiture and Termination. If any Award referred to in Sections
4.3(a), (b), (c), or (d) (other than an Award that may be paid or settled only for cash) is canceled or forfeited, or terminates, expires or lapses, for any reason, the shares then subject to such Award shall again be available for grant of
Awards under the Plan. 
 (f) Payment of Exercise Price and Withholding Taxes. If previously acquired shares of Common
Stock are used to pay the exercise price of an Award, the number of shares available for grant of Awards under the Plan shall be increased by the number of shares delivered as payment of such exercise price. If previously acquired shares of Common
Stock are used to pay withholding taxes payable upon exercise, vesting or payment of an Award, or shares of Common Stock that would be acquired upon exercise, vesting or payment of an Award are withheld to pay withholding taxes payable upon
exercise, vesting or payment of such Award, the number of shares available for grant of Awards under the Plan shall be increased by the number of shares delivered or withheld as payment of such withholding taxes. 
 ARTICLE V. ELIGIBILITY 
 The Committee
shall select Participants from those Employees and Outside Directors that, in the opinion of the Committee, are in a position to make a significant contribution to the success of the Company. Once a Participant has been selected for an Award by the
Committee, the Committee shall determine the type and size of Award to be granted to the Participant and shall establish in the related Award Agreement the terms, conditions, restrictions and limitations applicable to the Award, in addition to those
set forth in the Plan and the administrative guidelines and regulations, if any, established by the Committee. 
 ARTICLE VI. FORM OF
AWARDS 
 6.1 Form of Awards. Awards may be granted under the Plan, in the Committee’s sole discretion, in the form of
Options pursuant to Article VII, SARs pursuant to Article VIII, Restricted Stock pursuant to Article IX, Restricted Stock Units pursuant to Article X, Performance Awards pursuant to Article XI, and Stock Awards and Other Incentive Awards pursuant to
Article XII, or a combination thereof. All Awards shall be subject to the terms, conditions, restrictions and limitations of the Plan. The Committee may, in its sole discretion, subject any Award to such other terms, conditions, restrictions and/or
limitations (including without limitation the time and conditions of exercise, vesting or payment of an Award and restrictions on transferability of any shares of Common Stock issued or delivered pursuant to an Award), provided they are not
inconsistent with the terms of the Plan. The Committee may, but is not required to, subject an Award to such conditions as it determines are necessary or appropriate to ensure than an Award constitutes “qualified performance based
compensation” within the meaning of Section 162(m) of the Code and the regulations thereunder. Awards under a particular Article of the Plan need not be uniform, and Awards under more than one Article of the Plan may be combined in a
single Award Agreement. Any combination of Awards may be granted at one time and on more than one occasion to the same Participant. Subject to compliance with applicable tax law, an Award Agreement may provide that a Participant may elect to defer
receipt of income attributable to the exercise or vesting of an Award. 
  

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 6.2 No Repricing or Reload Rights. Except for adjustments made pursuant to Section 4.2, no
Award may be repriced, replaced, regranted through cancellation or otherwise modified without stockholder approval, if the effect would be to reduce the exercise price for the shares underlying such Award. The Committee may not cancel an outstanding
Option that is under water for the purpose of granting a replacement Award of a different type. 
 6.3 Loans. The Committee may, in
its sole discretion, approve the extension of a loan by the Company to a Participant who is an Employee to assist the Participant in paying the exercise price or purchase price of an Award; provided, however, that no loan shall be permitted if the
extension of such loan would violate any provision of applicable law. Any loan will be made upon such terms and conditions as the Committee shall determine. 
 ARTICLE VII. OPTIONS 
 7.1 General. Awards may be granted in the form of Options that may be
Incentive Stock Options or Nonqualified Stock Options, or a combination of both; provided, however, that Incentive Stock Options may be granted only to Employees. 
 7.2 Terms and Conditions of Options. An Option shall be exercisable in whole or in such installments and at such times as may be determined by the Committee. The price at which a share of Common Stock may be
purchased upon exercise of an Option shall be determined by the Committee, but such exercise price shall not be less than 100% of the Fair Market Value per share of Common Stock on the Grant Date unless the Option was granted through the assumption
of, or in substitution for, outstanding awards previously granted to individuals who became Employees as a result of a merger, consolidation, acquisition, or other corporate transaction involving the Company and complies with Section 409A of
the Code. Except as otherwise provided in Section 7.3, the term of each Option shall be as specified by the Committee; provided, however, that no Options shall be exercisable later than ten years after the Grant Date. Options may be granted
with respect to Restricted Stock or shares of Common Stock that are not Restricted Stock, as determined by the Committee in its sole discretion. 
 7.3 Restrictions Relating to Incentive Stock Options. 
 (a) Options granted in the form of Incentive Stock
Options shall, in addition to being subject to the terms and conditions of Section 7.2, comply with Section 422(b) of the Code. To the extent the aggregate Fair Market Value (determined as of the times the respective Incentive Stock
Options are granted) of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by an individual during any calendar year under all incentive stock option plans of the Company exceeds $100,000, such excess
Incentive Stock Options shall be treated as options that do not constitute Incentive Stock Options. The Committee shall determine, in accordance with the applicable provisions of the Code, which of a Participant’s Incentive Stock Options will
not constitute Incentive Stock Options because of such limitation and shall notify the Participant of such determination as soon as practicable after such determination. The price at which a share of Common Stock may be purchased upon exercise of an
Incentive 
  

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 Stock Option shall be determined by the Committee, but such exercise price shall not be less than 100% of
the Fair Market Value of a share of Common Stock on the Grant Date. No Incentive Stock Option shall be granted to an Employee under the Plan if, at the time such Option is granted, such Employee owns stock possessing more than 10% of the total
combined voting power of all classes of stock of GeoMet or an Affiliate, within the meaning of Section 422(b)(6) of the Code, unless (i) on the Grant Date of such Option, the exercise price of such Option is at least 110% of the Fair
Market Value of the Common Stock subject to the Option and (ii) such Option by its terms is not exercisable after the expiration of five years from the Grant Date of the Option. 
 (b) Each Participant awarded an Incentive Stock Option shall notify GeoMet in writing immediately after the date he or she makes a
disqualifying disposition of any shares of Common Stock acquired pursuant to the exercise of such Incentive Stock Option. A disqualifying disposition is any disposition (including any sale) of such Common Stock before the later of (i) two years
after the Grant Date of the Incentive Stock Option or (ii) one year after the date of exercise of the Incentive Stock Option. 
 7.4
Exercise of Options. 
 (a) Subject to the terms and conditions of the Plan, Options shall be exercised by the delivery of
a written notice of exercise to GeoMet, setting forth the number of whole shares of Common Stock with respect to which the Option is to be exercised, accompanied by full payment for such shares. 
 (b) Upon exercise of an Option, the exercise price of the Option shall be payable to GeoMet in full either: (i) in cash or an
equivalent acceptable to the Committee, or (ii) in the sole discretion of the Committee and in accordance with any applicable administrative guidelines established by the Committee, by tendering one or more previously acquired nonforfeitable,
unrestricted shares of Common Stock that have been held by the Participant for at least six months having an aggregate Fair Market Value at the time of exercise equal to the total exercise price, or (iii) in a combination of the forms of
payment specified in clauses (i) and (ii) above. 
 (c) During such time as the Common Stock is registered under
Section 12 of the Exchange Act, to the extent permissible under applicable law, payment of the exercise price of an Option may also be made, in the absolute discretion of the Committee, by delivery to GeoMet or its designated agent of an
executed irrevocable option exercise form together with irrevocable instructions to a broker-dealer to sell or margin a sufficient portion of the shares with respect to which the Option is exercised and deliver the sale or margin loan proceeds
directly to GeoMet to pay the exercise price and any required withholding taxes. 
 (d) As soon as reasonably practicable
after receipt of written notification of exercise of an Option and full payment of the exercise price and any required withholding taxes, GeoMet shall (i) deliver to the Participant, in the Participant’s name or the name of the
Participant’s designee, a stock certificate or certificates in an appropriate aggregate 
  

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 amount based upon the number of shares of Common Stock purchased under the Option, or (ii) cause to
be issued in the Participant’s name or the name of the Participant’s designee, in book-entry form, an appropriate number of shares of Common Stock based upon the number of shares purchased under the Option. 
 7.5 Termination of Employment or Service. Each Award Agreement embodying the Award of an Option shall set forth the extent to which the
Participant shall have the right to exercise the Option following termination of the Participant’s employment or service with the Company. Such provisions shall be determined by the Committee in its absolute discretion, need not be uniform
among all Options granted under the Plan and may reflect distinctions based on the reasons for termination of employment or service. In the event a Participant’s Award Agreement embodying the award of an Option does not set forth such
termination provisions, the following termination provisions shall apply with respect to such Award: 
 (a) Termination
Other Than For Cause. If the employment or service of a Participant shall terminate for any reason other than Cause, each outstanding Option held by the Participant may be exercised, to the extent then vested, until the earlier of (i) the
expiration of one year from the date of such termination of employment or service or (ii) the expiration of the term of such Option. 
 (b) Termination for Cause. Notwithstanding paragraphs (a) above, if the employment or service of a Participant shall terminate for Cause, each outstanding Option held by the Participant may be exercised,
to the extent then vested, until the earlier of (i) the expiration of 30 days from the date of such termination of employment or service or (ii) the expiration of the terms of such Option. 
 Notwithstanding the foregoing, an Option will not be treated as an Incentive Stock Option unless at all times beginning on the Grant Date and ending on the day three
months (one year in the case of a Participant who is “disabled” within the meaning of Section 22(e)(3) of the Code) before the date of exercise of the Option, the Participant is an employee of GeoMet or an Affiliate (or a corporation
or a parent or subsidiary corporation of such corporation issuing or assuming an option in a transaction to which Section 424(a) of the Code applies). 
 ARTICLE VIII. STOCK APPRECIATION RIGHTS 
 8.1 General. The Committee may grant Awards in the
form of SARs in such numbers and at such times as it shall determine. SARs shall vest and be exercisable in whole or in such installments and at such times as may be determined by the Committee. The price at which SARs may be exercised shall be
determined by the Committee but shall not be less than 100% of the Fair Market Value per share of Common Stock on the Grant Date unless the SARs were granted through the assumption of, or in substitution for, outstanding awards previously granted to
individuals who became Employees as a result of a merger, consolidation, acquisition, or other corporate transaction involving the Company and comply with Section 409A of the Code. The term of each SAR shall be as specified by the Committee;
provided, however, that no SARs shall be exercisable later than ten years after the Grant Date. At the time of an Award of SARs, the Committee may, in its sole discretion, prescribe additional terms, conditions, 
  

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 restrictions and limitations applicable to the SARs, including without limitation rules pertaining to the termination of
employment or service (by reason of death, permanent and total disability, or otherwise) of a Participant prior to exercise of the SARs, as it determines are necessary or appropriate, provided they are not inconsistent with the Plan. 
 8.2 Exercise of SARs. SARs shall be exercised by the delivery of a written notice of exercise to GeoMet, setting forth the number of whole shares
of Common Stock with respect to which the Award is being exercised. Upon the exercise of SARs, the Participant shall be entitled to receive an amount equal to the excess of the aggregate Fair Market Value of the shares of Common Stock with respect
to which the Award is exercised (determined as of the date of such exercise) over the aggregate exercise price of such shares. Such amount shall be payable to the Participant in cash or in shares of Common Stock, as provided in the Award Agreement.

 ARTICLE IX. RESTRICTED STOCK 
 9.1 General. Awards may be granted in the form of Restricted Stock in such numbers and at such times as the Committee shall determine. The Committee shall impose such terms, conditions and restrictions on Restricted Stock as it may
deem advisable, including without limitation providing for vesting upon the achievement of specified performance goals pursuant to a Performance Award and restrictions under applicable Federal or state securities laws. A Participant shall not be
required to make any payment for Restricted Stock unless required by the Committee pursuant to Section 9.2. 
 9.2 Purchased
Restricted Stock. The Committee may in its sole discretion require a Participant to pay a stipulated purchase price for each share of Restricted Stock. 
 9.3 Restricted Period. At the time an Award of Restricted Stock is granted, the Committee shall establish a Restricted Period applicable to such Restricted Stock. Each Award of Restricted Stock may have a
different Restricted Period in the sole discretion of the Committee. 
 9.4 Other Terms and Conditions. Restricted Stock shall
constitute issued and outstanding shares of Common Stock for all corporate purposes. Restricted Stock awarded to a Participant under the Plan shall be registered in the name of the Participant or, at the option of GeoMet, in the name of a nominee of
GeoMet, and shall be issued in book-entry form or represented by a stock certificate. Subject to the terms and conditions of the Award Agreement, a Participant to whom Restricted Stock has been awarded shall have the right to receive dividends
thereon during the Restricted Period, to vote the Restricted Stock and to enjoy all other stockholder rights with respect thereto, except that (a) GeoMet shall retain custody of any certificates evidencing the Restricted Stock during the
Restricted Period, and (b) the Participant may not sell, transfer, pledge, exchange, hypothecate or otherwise dispose of the Restricted Stock during the Restricted Period. A breach of the terms and conditions established by the Committee
pursuant to the Award of the Restricted Stock may result in a forfeiture of the Restricted Stock. At the time of an Award of Restricted Stock, the Committee may, in its sole discretion, prescribe additional terms, conditions, restrictions and
limitations applicable to the Restricted Stock, including without limitation rules pertaining to the termination of employment or service (by reason of death, permanent and total disability, retirement, cause or otherwise) of a Participant prior to
expiration of the Restricted Period. 
  

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 9.5 Miscellaneous. Nothing in this Article shall prohibit the exchange of shares of
Restricted Stock pursuant to a plan of merger or reorganization for stock or other securities of GeoMet or another corporation that is a party to the reorganization, provided that the stock or securities so received in exchange for shares of
Restricted Stock shall, except as provided in Article XIII, become subject to the restrictions applicable to such Restricted Stock. Any shares of Common Stock received as a result of a stock split or stock dividend with respect to shares of
Restricted Stock shall also become subject to the restrictions applicable to such Restricted Stock. 
 ARTICLE X. RESTRICTED STOCK UNITS

 10.1 General. Awards may be granted in the form of Restricted Stock Units in such numbers and at such times as the Committee
shall determine. The Committee shall impose such terms, conditions and restrictions on Restricted Stock Units as it may deem advisable, including without limitation prescribing the period over which and the conditions upon which a Restricted Stock
Unit may become vested or be forfeited, and providing for vesting upon the achievement of specified performance goals pursuant to a Performance Award. Upon the lapse of restrictions with respect to each Restricted Stock Unit, the Participant shall
be entitled to receive from the Company one share of Common Stock or an amount of cash equal to the Fair Market Value of one share of Common Stock, as provided in the Award Agreement. A Participant shall not be required to make any payment for
Restricted Stock Units. 
 10.2 Restricted Period. At the time an Award of Restricted Stock Units is granted, the Committee shall
establish a Restricted Period applicable to such Restricted Stock Units. Each Award of Restricted Stock Units may have a different Restricted Period in the sole discretion of the Committee. 
 10.3 Cash Dividend Rights and Dividend Unit Rights. To the extent provided by the Committee in its sole discretion, a grant of Restricted Stock
Units may include a tandem Cash Dividend Right or Dividend Unit Right grant. A grant of Cash Dividend Rights may provide that such Cash Dividend Rights shall be paid directly to the Participant at the time of payment of related dividend, be credited
to a bookkeeping account subject to the same vesting and payment provisions as the tandem Award (with or without interest in the sole discretion of the Committee), or be subject to such other provisions or restrictions as determined by the Committee
in its sole discretion. A grant of Dividend Unit Rights may provide that such Dividend Unit Rights shall be subject to the same vesting and payment provisions as the tandem Award or be subject to such other provisions and restrictions as determined
by the Committee in its sole discretion. 
 10.4 Other Terms and Conditions. At the time of an Award of Restricted Stock Units, the
Committee may, in its sole discretion, prescribe additional terms, conditions, restrictions and limitations applicable to the Restricted Stock Units, including without limitation rules pertaining to the termination of employment or service (by
reason of death, permanent and total disability, retirement, cause or otherwise) of a Participant prior to expiration of the Restricted Period. 
  

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 ARTICLE XI. PERFORMANCE AWARDS 
 11.1 General. Awards may be granted in the form of Performance Awards that may be payable in the form of cash, shares of Common Stock, or a
combination of both, in such amounts and at such times as the Committee shall determine. Performance Awards shall be conditioned upon the level of achievement of one or more stated performance goals over a specified performance period that shall not
be shorter than one year. Performance Awards may be combined with other Awards to impose performance criteria as part of the terms of such other Awards. 
 11.2 Terms and Conditions. Each Award Agreement embodying a Performance Award shall set forth (a) the amount, including a target and maximum amount if applicable, a Participant may earn in the form of cash
or shares of Common Stock or a formula for determining such amount, (b) the performance criteria and level of achievement versus such criteria that shall determine the amount payable or number of shares of Common Stock to be granted, issued,
retained and/or vested, (c) the performance period over which performance is to be measured, (d) the timing of any payments to be made, (e) restrictions on the transferability of the Award, and (f) such other terms and conditions
as the Committee may determine that are not inconsistent with the Plan. 
 11.3 Code Section 162(m) Requirements. From and after
the date on which remuneration paid pursuant to the Plan becomes subject to the deduction limitation of Section 162(m) of the Code, the Committee shall determine in its sole discretion whether all or any portion of a Performance Award shall be
intended to satisfy the requirements for “performance-based compensation” under Section 162(m) of the Code (the “162(m) Requirements”). The performance criteria for any Performance Award that is intended to satisfy the
162(m) Requirements shall be established in writing by the Committee based on one or more performance goals as set forth in Section 11.4 not later than 90 days after commencement of the performance period with respect to such Award, provided
that the outcome of the performance in respect of the goals remains substantially uncertain as of such time. The maximum amount that may be paid in cash pursuant to Performance Awards granted to a Participant with respect to a GeoMet’s fiscal
year that are intended to satisfy the 162(m) Requirements is $1,000,000; provided, however, that such maximum amount with respect to a Performance Award that provides for a performance period longer than one fiscal year shall be the foregoing limit
multiplied by the number of full fiscal years in the performance period. At the time of the grant of a Performance Award and to the extent permitted under Code Section 162(m) and regulations thereunder for a Performance Award intended to
satisfy the 162(m) Requirements, the Committee may provide for the manner in which the performance goals will be measured in light of specified corporate transactions, extraordinary events, accounting changes and other similar occurrences.

  

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 11.4 Performance Goals. The performance measure(s) to be used for purposes of Performance Awards
may be described in terms of objectives that are related to the individual Participant or objectives that are Company-wide or related to a subsidiary, division, department, region, function or business unit of the Company in which the Participant is
employed or with respect to which the Participant performs services, and may consist of one or more or any combination of the following criteria, or such other relevant criteria as the Committee may determine: (a) earnings or earnings per share
(whether on a pre-tax, after-tax, operational or other basis), (b) return on equity, (c) return on assets or net assets, (d) return on capital or invested capital and other related financial measures, (e) cash flow or EBITDA
(measured as the Committee may determine), (f) revenues, (g) income or operating income, (h) expenses or costs or expense levels or cost levels (absolute or per unit), (i) one or more operating ratios, (j) stock price,
(k) total stockholder return, (l) operating profit, (m) profit margin, (n) capital expenditures, (o) net borrowing, debt leverage levels, credit quality or debt ratings, (p) the accomplishment of mergers, acquisitions,
dispositions, public offerings or similar extraordinary business transactions, (q) net asset value per share, (r) economic value added, (s) individual business objectives, (t) growth in production, (u) growth in reserves,
(v) reserve replacement ratio and (w) finding and development cost per unit. The performance goals based on these performance measures may be made relative to the performance of other business entities. 
 11.5 Certification and Negative Discretion. Prior to the payment of any compensation pursuant to a Performance Award that is intended to satisfy
the 162(m) Requirements, the Committee shall certify the extent to which the performance goals and other material terms of the Award have been achieved or satisfied. The Committee in its sole discretion shall have the authority to reduce, but not to
increase, the amount payable and the number of shares to be granted, issued, retained or vested pursuant to a Performance Award. 
 ARTICLE
XII. STOCK AWARDS AND OTHER INCENTIVE AWARDS 
 12.1 Stock Awards. Stock Awards may be granted to Participants upon such terms and
conditions as the Committee may determine. Shares of Common Stock issued pursuant to Stock Awards may be issued for cash consideration or for no cash consideration. The Committee shall determine the number of shares of Common Stock to be issued
pursuant to a Stock Award. 
 12.2 Other Incentive Awards. Other Incentive Awards may be granted in such amounts, upon such terms and
at such times as the Committee shall determine. Other Incentive Awards may be granted based upon, payable in or otherwise related to, in whole or in part, shares of Common Stock if the Committee, in its sole discretion, determines that such Other
Incentive Awards are consistent with the purposes of the Plan. Each grant of an Other Incentive Award shall be evidenced by an Award Agreement that shall specify the amount of the Other Incentive Award and the terms, conditions, restrictions and
limitations applicable to such Award. Payment of Other Incentive Awards shall be made at such times and in such form, which may be cash, shares of Common Stock or other property (or a combination thereof), as established by the Committee, subject to
the terms of the Plan. 
  

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 ARTICLE XIII. CORPORATE CHANGE 
 13.1 Vesting of Awards. Except as provided otherwise below in this Article or in an Award Agreement at the time an Award is granted,
notwithstanding anything to the contrary in this Plan, if a Participant’s employment or service with the Company is terminated for any reason other than death, Cause or Inability to Perform or if a Participant voluntarily terminates employment
or service for Good Reason, in either case within the one-year period following a Corporate Change of GeoMet, any time periods, conditions or contingencies relating to the exercise or realization of, or lapse of restrictions under, any Award shall
be automatically accelerated or waived so that: 
 (a) if no exercise of the Award is required, the Award may be realized in
full at the time of the occurrence of the Participant’s termination of employment or service; or 
 (b) if exercise of
the Award is required, the Award may be exercised in full commencing on the date of the Participant’s termination of employment or service; 
 provided,
however, that with respect to an Award that consists of deferred compensation under Section 409A of the Code, in the event of a Corporate Change that does not satisfy the requirements for a change in the ownership or effective control of GeoMet
or a change in the ownership of a substantial portion of the assets of GeoMet within the meaning of Section 409A of the Code and Treasury guidance and regulations related to Section 409A of the Code, including but not limited to Notice
2005-1 and such other Treasury guidance or regulations issued after the Effective Date, then delivery of payment with respect to such Award as provided above shall be delayed until payment may be made to the Participant without negative tax
consequences to the Participant under Section 409A of the Code. 
 13.2 Replacement Awards. In the event all outstanding Awards
are replaced in connection with a Corporate Change by comparable types of awards of at least substantially equivalent value, as determined by the Committee in its sole discretion, such replacement awards shall provide for automatic acceleration or
waiver as provided in Section 13.1 in the event of a Participant’s involuntary termination of employment or service with the Company other than for Cause or voluntary termination of employment or service for Good Reason, as applicable,
within the one-year period following the Corporate Change of GeoMet. 
 13.3 Cancellation of Awards. Notwithstanding the foregoing, on
or prior to the date of a Corporate Change, the Committee may take any of the following actions with respect to all outstanding Awards, without the consent of any Participant: (a) the Committee may require that Participants surrender their
outstanding Options and SARs in exchange for payment by the Company, in cash, Common Stock, the securities of another company, or a combination thereof, as determined by the Committee, in an amount equal to the amount, if any, by which the then Fair
Market Value of the shares of Common Stock subject to the Participant’s unexercised Options and SARs exceeds the exercise price or grant price, and (b) with respect to Participants holding Restricted Stock, Restricted Stock Units,
Performance Awards or Other Incentive Awards, and related Cash Dividend Rights and Dividend Unit Rights (if applicable), the Committee may determine that such Participants shall receive payment in settlement of such Awards (and dividend rights), in
an amount equivalent to the value of such Awards (and dividend rights) at the time of such settlement. 
  

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 ARTICLE XIV. AMENDMENT AND TERMINATION 
 14.1 Plan Amendment and Termination. The Board may at any time suspend, terminate, amend or modify the Plan, in whole or in part; provided,
however, that no amendment or modification of the Plan shall become effective without the approval of such amendment or modification by the holders of at least a majority of the shares of Common Stock if (a) such amendment or modification
increases the maximum number of shares subject to the Plan (except as provided in Article IV) or changes the designation or class of persons eligible to receive Awards under the Plan, or (b) counsel for GeoMet determines that such approval is
otherwise required by or necessary to comply with applicable law or the listing requirements of NASDAQ or such other exchange or association on which the Common Stock is then listed or quoted. An amendment to the Plan shall not require stockholder
approval if it curtails rather than expands the scope of the Plan, nor if it is made to conform the Plan to new statutory or regulatory requirements that arise after submission of the Plan to stockholders for their approval, such as, without
limitation, changes to Code Section 409A, or regulations issued thereunder. Upon termination of the Plan, the terms and provisions of the Plan shall, notwithstanding such termination, continue to apply to Awards granted prior to such
termination. Except as otherwise provided herein, no suspension, termination, amendment or modification of the Plan shall adversely affect in any material way any Award previously granted under the Plan, without the consent of the Participant (or
the Permitted Transferee) holding such Award. Notwithstanding the foregoing, Geomet may amend any Award Agreement to be exempt from Code Section 409A or to comply with the requirements of Code Section 409A or to modify any provision that
causes an Award that is intended to be classified as an “equity instrument” under FAS 123R to be classified as a liability on Geomet’s financial statements. 
 14.2 Award Amendment and Cancellation. The Committee may amend the terms of any outstanding Award granted pursuant to the Plan, but except as
otherwise provided herein, no such amendment shall adversely affect in any material way the Participant’s (or a Permitted Transferee’s) rights under an outstanding Award without the consent of the Participant (or the Permitted Transferee)
holding such Award. 
 ARTICLE XV. MISCELLANEOUS 
 15.1 Award Agreements. After the Committee grants an Award under the Plan to a Participant, GeoMet and the Participant shall enter into an Award Agreement setting forth the terms, conditions, restrictions and
limitations applicable to the Award and such other matters as the Committee may determine to be appropriate. The Committee may permit or require a Participant to defer receipt of the payment of cash or the delivery of shares of Common Stock that
would otherwise be due to the Participant in connection with any Award. Awards that are not paid currently shall be recorded as payable on GeoMet’s records for the Plan. The terms and provisions of the respective Award Agreements need not be
identical. All Award Agreements shall be subject to the provisions of the Plan, and in the event of any conflict between an Award Agreement and the Plan, the terms of the Plan shall govern. 
  

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 15.2 Listing; Suspension. 
 (a) As long as the Common Stock is listed on a national securities exchange or system sponsored by a national securities association, the
issuance of any shares of Common Stock pursuant to an Award shall be conditioned upon such shares being listed on such exchange or system. GeoMet shall have no obligation to issue such shares unless and until such shares are so listed, and the right
to exercise any Option or other Award with respect to such shares shall be suspended until such listing has been effected. 
 (b) If at any time counsel to GeoMet or its Affiliates shall be of the opinion that any sale or delivery of shares of Common Stock pursuant to an Award is or may in the circumstances be unlawful or result in the imposition of excise taxes
on GeoMet or its Affiliates under the laws of any applicable jurisdiction, GeoMet or its Affiliates shall have no obligation to make such sale or delivery, or to make any application or to effect or to maintain any qualification or registration
under the Securities Act, or otherwise, with respect to shares of Common Stock or Awards, and the right to exercise any Option or other Award shall be suspended until, in the opinion of such counsel, such sale or delivery shall be lawful or will not
result in the imposition of excise taxes on GeoMet or its Affiliates. 
 (c) Upon termination of any period of suspension
under this Section, any Award affected by such suspension that shall not then have expired or terminated shall be reinstated as to all shares available before such suspension and as to shares that would otherwise have become available during the
period of such suspension, but no such suspension shall extend the term of any Award unless otherwise determined by the Committee in its sole discretion. 
 15.3 Additional Conditions. Notwithstanding anything in the Plan to the contrary: (a) the Committee may, if it shall determine it necessary or desirable in its sole discretion, at the time of grant of any
Award or the issuance of any shares of Common Stock pursuant to any Award, require the recipient of the Award or such shares of Common Stock, as a condition to the receipt thereof, to deliver to GeoMet a written representation of present intention
to acquire the Award or such shares of Common Stock for his own account for investment and not for distribution, (b) the certificate for shares of Common Stock issued to a Participant may include any legend that the Committee deems appropriate
to reflect any restrictions on transfer, and (c) all certificates for shares of Common Stock delivered under the Plan shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules,
regulations and other requirements of the SEC, any stock exchange or association upon which the Common Stock is then listed or quoted, any applicable federal or state securities law, and any applicable corporate law, and the Committee may cause a
legend or legends to be placed on any such certificates to make appropriate reference to such restrictions. 
  

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 15.4 Transferability. 
 (a) All Awards granted to a Participant shall be exercisable during his lifetime only by such Participant, or if applicable, a Permitted
Transferee as provided in subsection (c) of this Section; provided, however, that in the event of a Participant’s legal incapacity, an Award may be exercised by his guardian or legal representative. When a Participant dies, the personal
representative, beneficiary, or other person entitled to succeed to the rights of the Participant may acquire the rights under an Award. Any such successor must furnish proof satisfactory to GeoMet of the successor’s entitlement to receive the
rights under an Award under the Participant’s will or under the applicable laws of descent and distribution. 
 (b)
Except as otherwise provided in this Section, no Award shall be subject to execution, attachment or similar process, and no Award may be sold, transferred, pledged, exchanged, hypothecated or otherwise disposed of, other than by will or pursuant to
the applicable laws of descent and distribution. Any attempted sale, transfer, pledge, exchange, hypothecation or other disposition of an Award not specifically permitted by the Plan or the Award Agreement shall be null and void and without effect.

 (c) If provided in the Award Agreement, Nonqualified Stock Options may be transferred by a Participant to a Permitted
Transferee. For purposes of the Plan, “Permitted Transferee” means (i) a member of a Participant’s immediate family, (ii) any person sharing the Participant’s household (other than a tenant or employee of the
Participant), (iii) trusts in which a person listed in (i) or (ii) above has more than 50% of the beneficial interest, (iv) a foundation in which the Participant or a person listed in (i) or (ii) above controls the
management of assets, (v) any other entity in which the Participant or a person listed in (i) or (ii) above owns more than 50% of the voting interests, provided that in the case of the preceding clauses (i) through (v), no
consideration is provided for the transfer, and (vi) any transferee permitted under applicable securities and tax laws as determined by counsel to GeoMet. In determining whether a person is a “Permitted Transferee,” immediate family
members shall include a Participant’s child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law,
including adoptive relationships. 
 (d) Incident to a Participant’s divorce, the Participant may request that GeoMet
agree to observe the terms of a domestic relations order which may or may not be part of a qualified domestic relations order (as defined in Code Section 414(p)) with respect to all or a part of one or more Awards made to the Participant under
the Plan. GeoMet’s decision regarding such a request shall be made by the Committee, in its sole and absolute discretion, based upon the best interests of GeoMet. The Committee’s decision need not be uniform among Participants. As a
condition of participation, a Participant agrees to hold GeoMet harmless from any claim that may arise out of GeoMet’s observance of the terms of any such domestic relations order. 
  

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 15.5 Withholding Taxes. The Company shall be entitled to deduct from any payment made under the
Plan, regardless of the form of such payment, the amount of all applicable income and employment taxes required by law to be withheld with respect to such payment, may require the Participant to pay to the Company such withholding taxes prior to and
as a condition of the making of any payment or the issuance or delivery of any shares of Common Stock under the Plan, and shall be entitled to deduct from any other compensation payable to the Participant any withholding obligations with respect to
Awards. In accordance with any applicable administrative guidelines it establishes, the Committee may allow a Participant to pay the amount of taxes required by law to be withheld from or with respect to an Award by (i) withholding shares of
Common Stock from any payment of Common Stock due as a result of such Award, or (ii) permitting the Participant to deliver to the Company previously acquired shares of Common Stock, in each case having an aggregate Fair Market Value equal to
the amount of such required withholding taxes. No payment shall be made and no shares of Common Stock shall be issued pursuant to any Award unless and until the applicable tax withholding obligations have been satisfied. 
 15.6 No Fractional Shares. No fractional shares of Common Stock shall be issued or delivered pursuant to the Plan or any Award granted hereunder,
provided that the Committee in its sole discretion may round fractional shares down to the nearest whole share or settle fractional shares in cash. 
 15.7 Notices. All notices required or permitted to be given or made under the Plan or pursuant to any Award Agreement (unless provided otherwise in such Award Agreement) shall be in writing and shall be deemed to have been duly given
or made if (a) delivered personally, (b) transmitted by first class registered or certified United States mail, postage prepaid, return receipt requested, (c) sent by prepaid overnight courier service, or (d) sent by telecopy or
facsimile transmission, with confirmation receipt, to the person who is to receive it at the address that such person has theretofore specified by written notice delivered in accordance herewith. Such notices shall be effective (a) if delivered
personally or sent by courier service, upon actual receipt by the intended recipient, (b) if mailed, upon the earlier of five days after deposit in the mail or the date of delivery as shown by the return receipt therefor, or (c) if sent by
telecopy or facsimile transmission, when the answer back is received. GeoMet or a Participant may change, at any time and from time to time, by written notice to the other, the address that it or such Participant had theretofore specified for
receiving notices. Until such address is changed in accordance herewith, notices hereunder or under an Award Agreement shall be delivered or sent (a) to a Participant at his address as set forth in the records of the Company or (b) to
GeoMet at the principal executive offices of GeoMet clearly marked “Attention: General Counsel.” 
 15.8 Compliance with Law and
Stock Exchange or Association Requirements. In addition, it is the intent of GeoMet that Options designated Incentive Stock Options comply with the applicable provisions of Section 422 of the Code, and that Awards intended to constitute
“qualified performance-based awards” comply with the applicable provisions of Section 162(m) of the Code and that any deferral of the receipt of the payment of cash or the delivery of shares of Common Stock that the Committee may
permit or require, and all Awards either be exempt from Code section 409A or, if not exempt, comply with the requirements of Section 409A of the Code. To the extent that any legal requirement of Section 16 of the Exchange Act or Sections

  

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 422, 162(m) or 409A of the Code as set forth in the Plan ceases to be required under Section 16 of the Exchange Act
or Sections 422, 162(m) or 409A of the Code, that Plan provision shall cease to apply. Any provision of this Plan to the contrary notwithstanding, the Committee may revoke any Award if it is contrary to law, governmental regulation, or stock
exchange or association requirements or modify an Award to bring it into compliance with any government regulation or stock exchange or association requirements. The Committee may agree to limit its authority under this Section. 
 15.9 California Blue Sky Laws. Prior to the effective registration of the Common Stock under Section 12 of the Exchange Act, (a) GeoMet
shall deliver a balance sheet and an income statement at least annually to each Participant who performs services in the State of California, unless such Participant is a key employee whose duties in connection with the Company assure such
Participant access to equivalent information, (b) the Committee may not impose upon any Award grant made to a Participant who performs services in the State of California a vesting schedule that is more restrictive than 20 percent per year
vesting, with the initial vesting to occur not later than one year after the Award’s grant date; provided, however, that such vesting limitation shall not be applicable to any Award grants made to individuals who are officers of GeoMet, and
(c) with respect to California Participants (including any individual whose Award is based in whole or in part on services performed in California), the Plan shall otherwise be administered in accordance with California Corporations Code
Section 25102(o) and California Code of Regulations, Title 10, Sections 260.140.41, 260.140.42, 260.140.45, and 260.140.46. 
 15.10 Binding Effect. The obligations of GeoMet under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of GeoMet, or upon any successor
corporation or organization succeeding to all or substantially all of the assets and business of GeoMet. The terms and conditions of the Plan shall be binding upon each Participant and his Permitted Transferees, heirs, legatees, distributees and
legal representatives. 
 15.11 Severability. If any provision of the Plan or any Award Agreement is held to be illegal or invalid for
any reason, the illegality or invalidity shall not affect the remaining provisions of the Plan or such agreement, as the case may be, but such provision shall be fully severable and the Plan or such agreement, as the case may be, shall be construed
and enforced as if the illegal or invalid provision had never been included herein or therein. 
 15.12 No Restriction of Corporate
Action. Nothing contained in the Plan shall be construed to prevent GeoMet or any Affiliate from taking any corporate action (including any corporate action to suspend, terminate, amend or modify the Plan) that is deemed by GeoMet or such
Affiliate to be appropriate or in its best interest, whether or not such action would have an adverse effect on the Plan or any Awards made or to be made under the Plan. No Participant or other person shall have any claim against GeoMet or any
Affiliate as a result of such action. 
 15.13 Governing Law. The Plan shall be governed by and construed in accordance with the
internal laws (and not the principles relating to conflicts of laws) of the State of Texas except as superseded by applicable federal law. 
  

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 15.14 No Right, Title or Interest in Company Assets. No Participant shall have any rights as a
stockholder of GeoMet as a result of participation in the Plan until the date of issuance of Common Stock in his name and, in the case of Restricted Stock, unless and until such rights are granted to the Participant pursuant to the Plan. To the
extent any person acquires a right to receive payments from the Company under the Plan, such rights shall be no greater than the rights of an unsecured general creditor of the Company, and such person shall not have any rights in or against any
specific assets of the Company. All Awards shall be unfunded. 
 15.15 Risk of Participation. Nothing contained in the Plan shall be
construed either as a guarantee by GeoMet or the Affiliates, or their respective stockholders, directors, officers or employees, of the value of any assets of the Plan or as an agreement by GeoMet or the Affiliates, or their respective stockholders,
directors, officers or employees, to indemnify anyone for any losses, damages, costs or expenses resulting from participation in the Plan. 
 15.16 No Guarantee of Tax Consequences. No person connected with the Plan in any capacity, including without limitation GeoMet and the Affiliates and their respective directors, officers, agents and employees, makes any
representation, commitment or guarantee that any tax treatment, including without limitation federal, state and local income, estate and gift tax treatment, will be applicable with respect to any Awards or payments thereunder made to or for the
benefit of a Participant under the Plan or that such tax treatment will apply to or be available to a Participant on account of participation in the Plan. 
 15.17 Continued Employment or Service. Nothing contained in the Plan or in any Award Agreement shall confer upon any Participant the right to continue in the employ or service of the Company, or interfere in
any way with the rights of the Company to terminate a Participant’s employment or service at any time, with or without cause. The loss of existing or potential profit in Awards will not constitute an element of damages in the event of
termination of employment or service for any reason, even if the termination is in violation of an obligation of GeoMet or an Affiliate to the Participant. 
 15.18 Miscellaneous. Headings are given to the articles and sections of the Plan solely as a convenience to facilitate reference. Such headings shall not be deemed in any way material or relevant to the
construction of the Plan or any provisions hereof. The use of the masculine gender shall also include within its meaning the feminine. Wherever the context of the Plan dictates, the use of the singular shall also include within its meaning the
plural, and vice versa. 
 IN WITNESS WHEREOF, this Plan has been executed as of the Effective Date. 
  

			
	GEOMET, INC.
		
	By:	 	/S/    WILLIAM C.
RANKIN        
	Name:	 	William C. Rankin
	Title:	 	Executive Vice President & CFO

  

 23Precedent Agreement

	(*)	Indicates material that has been omitted and for which confidential treatment has been requested. A complete version of this document has been filed with the Securities and Exchange
Commission pursuant to Rule 406 promulgated under the Securities Act of 1933, as amended. 

  
 PRECEDENT AGREEMENT 
  
 This PRECEDENT AGREEMENT (“Precedent Agreement”) is made and entered into this 28th day of March, 2006, by and between East Tennessee Natural Gas, LLC, a Delaware limited liability company (“ETNG” or “Pipeline”), and GeoMet, Inc., a Delaware corporation (“Customer”). Pipeline and
Customer are sometimes referred to herein individually as a “Party,” or collectively as the “Parties.” 
  
 WITNESSETH: 
  
 WHEREAS, Pipeline proposes to construct and own a twenty-inch natural gas pipeline lateral that will be sufficient to transport up to 235,000 Dth/day of
natural gas. Such pipeline lateral will extend from an interconnection with the facilities of ETNG located in Smyth County, Virginia to an interconnection with the existing facilities of CNX Gas, LLC in Tazewell County, Virginia (the
“Project” or “Project Facilities” as appropriate); 
  
 WHEREAS, Customer desires to obtain firm transportation service from Pipeline on the Project Facilities under ETNG Lateral Rate Schedule; and 
  
 WHEREAS, subject to the terms and conditions of this Precedent Agreement, Pipeline is willing to endeavor to construct the Project Facilities and provide
the firm transportation service Customer desires; 
  
 NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein contained, and intending to be legally bound, Pipeline and Customer agree to the following: 
  
 1. Subject to the terms and conditions of this Precedent Agreement, Pipeline shall proceed with due diligence to obtain from
all governmental and regulatory authorities having competent jurisdiction over the premises, including, but not limited to, the Federal Energy Regulatory Commission (“Commission” or “FERC”), the authorizations and/or exemptions
Pipeline determines are necessary: (i) for Pipeline to construct, own, operate, and maintain the Project facilities necessary to provide the firm transportation service contemplated herein; and (ii) for Pipeline to perform its obligations
as contemplated in this Precedent Agreement (“Pipeline Authorization”). Pipeline reserves the right to file and prosecute any and all applications for such authorizations and/or exemptions, any supplements or amendments thereto, and, if
necessary, any court review, which are consistent with this Precedent Agreement in a manner it deems to be in its best interest; provided, however, Pipeline shall pursue all authorizations and/or exemptions in a manner designed to implement the firm
transportation service contemplated herein in a timely manner. During the term of this Precedent Agreement, Customer agrees to support and cooperate with, and to not oppose, obstruct or otherwise interfere with in any manner whatsoever, the efforts
of Pipeline to obtain all authorizations and/or exemptions and supplements and amendments thereto necessary for Pipeline to construct, own, operate, and maintain the Project facilities and to provide the firm transportation service contemplated in
this Precedent Agreement and to perform its obligations as contemplated by this Precedent Agreement. 

 2. Customer shall construct, or cause to be constructed, certain facilities in order for Customer to
utilize the firm transportation service contemplated in this Precedent Agreement, including, but not limited to, an approximately (*)-mile, (*)-inch gas gathering pipeline that will extend from Customer’s production facilities in McDowell
County, West Virginia to an interconnection with Pipeline’s Project Facilities in Tazewell County, Virginia (“Customer’s Required Facilities”). Customer shall obtain any necessary or desirable governmental, contractual and/or
regulatory authorizations, approvals, certificates, permits, right-of-way easements and/or exemptions associated with Customer’s Facilities (“Customer’s Authorizations”). 
  
 3. Subject to the terms and conditions of this Precedent Agreement, Customer
shall proceed with due diligence to obtain Customer’s Authorizations and to construct Customer’s Required Facilities. Customer reserves the right to file and prosecute any and all applications for Customer’s Authorizations, and, if
necessary, any court review, which are consistent with this Precedent Agreement in a manner it deems to be in its best interest; provided, however, Customer shall pursue Customer’s Authorizations in a manner designed to implement the firm
transportation service contemplated herein in a timely manner. Pipeline agrees to use reasonable efforts to assist Customer in obtaining Customer’s Authorizations and agrees to support and cooperate with, and to not oppose, obstruct or
otherwise interfere with in any manner whatsoever, the efforts of Customer to obtain all Customer Authorizations. Customer agrees to promptly notify Pipeline when each of the required authorizations, approvals and/or exemptions are received,
obtained, rejected or denied. Customer shall also promptly notify Pipeline as to whether any such authorizations, approvals and/or exemptions received or obtained are acceptable to Customer. 
  
 4. To effectuate the firm transportation service contemplated herein,
Customer and Pipeline agree that, sixty (60) days prior to completion of the Project Facilities or the completion of Customer’s Required Facilities, whichever occurs later, they will execute two firm transportation service agreements under
(*) (“Service Agreements”). The Service Agreements will specify: (i) a Maximum Daily Quantity (“MDQ”) of (*) dekatherms per day (“Dth/d”) (“First Agreement”) and (*) Dth/d (“Second
Agreement”), respectively, exclusive of fuel requirements, effective on the Service Commencement Date (as determined in accordance with Paragraph 5 of this Precedent Agreement), (ii) a primary term of (*) years for the First Agreement
and (*) years for the Second Agreement commencing on the respective Service Commencement Date(s) (“Primary Term”), (iii) a Primary Point of Receipt at the interconnection of Customer’s Required Facilities and the Project
Facilities, (iv) a Primary Point of Delivery at the interconnect of the Project Facilities and the ETNG mainline, and (v) a negotiated rate of $(*) for the period (*) through (*), $(*) for the period (*) through (*) and $(*)
for the period (*) until the termination date of the Service Agreements, plus the maximum applicable commodity rate in ETNG’s FERC Gas Tariff, plus applicable fuel retainage and any surcharges, as stated in ETNG’s FERC Gas Tariff.

  
 5. Upon satisfaction or waiver of all the conditions precedent
set forth in Paragraph 9 of this Precedent Agreement, Pipeline shall notify Customer of such fact, and service under the Service Agreements will commence on a date certain, which date will be the later of: (i) (*), or (ii) the date that
all of the conditions precedent set forth in Paragraph 8 of this Precedent 

  

 2 

 
Agreement are satisfied or waived or (iii) the date Customer’s Required Facilities are available for service (“Service Commencement
Date”). Under no circumstances will payments begin before the Service Commencement Date. On and after the date on which Pipeline has notified Customer that service under the Service Agreements will commence, Pipeline shall provide firm
transportation service for Customer pursuant to the terms of the Service Agreements and Customer will pay Pipeline for all applicable charges required by the Service Agreements. 
  
 6. Prior to satisfaction of the conditions precedent set forth in Paragraph 9 of this Precedent Agreement (with the
exception of 9(A)(iv)), Pipeline shall have the right, but not the obligation, to proceed with the necessary design of facilities, acquisition of materials, supplies, properties, rights-of-way and any other necessary preparations to implement the
firm transportation service under the Service Agreements as contemplated in this Precedent Agreement. 
  
 7. Upon satisfaction of the conditions precedent set forth in Paragraphs 9(A)(i) through 9(A)(iii), inclusive, of this Precedent Agreement, or waiver of
the same by Pipeline or Customer, as applicable, Pipeline shall proceed (subject to the continuing commitments of all customers executing precedent agreements and service agreements for service utilizing the firm transportation capacity to be made
available by the Project) with due diligence as a reasonably prudent operator to construct the authorized Project facilities in a safe and economic manner within the costs described on Exhibit K of Pipeline’s certificate application at the
Commission (“Exhibit K”) and to implement the firm transportation service contemplated in this Precedent Agreement on (*). Notwithstanding Pipeline’s due diligence, if Pipeline is unable to commence the firm transportation service for
Customer as contemplated herein on (*), Pipeline will continue to proceed with due diligence to complete arrangements for such firm transportation service, and commence the firm transportation service for Customer at the earliest practicable date
thereafter. Pipeline will neither be liable nor will this Precedent Agreement or the Service Agreements be subject to cancellation if Pipeline is unable to complete the construction of such authorized Project facilities and commence the firm
transportation service contemplated herein by (*). 
  
 8. Upon
satisfaction of the conditions precedent set forth in Paragraphs 9(A)(i) through 9(A)(iii), inclusive, and 9(B)(i) of this Precedent Agreement, or waiver of the same by Pipeline or Customer, as applicable, Customer shall proceed with due diligence
as a reasonably prudent operator to construct Customer’s Required Facilities in a safe and economic manner and to complete such facilities on (*). Notwithstanding Customer’s due diligence, if Customer does not have Customer’s Required
Facilities completed and ready for service as contemplated herein on (*), Customer will continue to proceed with due diligence to complete the facilities at the earliest practicable date thereafter. Customer will neither be liable nor will this
Precedent Agreement or the Service Agreements be subject to cancellation if Customer is unable to complete Customer’s Required Facilities by (*). 
  
 9. Commencement of service under the Service Agreements and Pipeline’s and Customer’s rights and obligations under the Service Agreements are
expressly made subject to satisfaction of the following conditions precedent: 
  
 (A) Pipeline’s (only Pipeline shall have the right to waive the conditions precedent set forth in this Paragraph 9(A)): 
  

 3 

 (i) receipt and acceptance of all necessary certificates and authorizations from the Commission to
construct, own, operate and maintain the Project facilities, all as described in Pipeline’s certificate application as it may be amended from time to time, necessary to provide the firm transportation service contemplated herein and in the
Service Agreements; 
  
 (ii) receipt of all necessary
governmental authorizations, approvals, and permits required to construct the Project facilities necessary to provide the firm transportation service contemplated herein and in the Service Agreements other than those specified in Paragraph 9(A)(i);

  
 (iii) procurement of all necessary rights-of-way easements or
permits in form and substance acceptable to Pipeline; and 
  
 (iv) completion of construction of the necessary Project facilities required to render firm transportation service for Customer pursuant to the Service Agreements and Pipeline being ready and able to place such facilities into gas service.

  
 (B) Customer’s (only Customer shall have the right to
waive the condition precedent set forth in this Paragraph 9(B)): 
  
 (i) receipt and acceptance of all of Customer’s Authorizations; and 
  
 (ii) completion of construction of Customer’s Required Facilities and being ready and able to place such facilities into gas service. 
  
 Unless otherwise provided for herein, all governmental authorizations, approvals, permits and/or exemptions that Pipeline
must obtain must be issued in form and substance reasonably acceptable to Pipeline. All governmental approvals that Pipeline is required by this Precedent Agreement to obtain must be duly granted by the Commission or other governmental agency or
authority having jurisdiction, and must be final and no longer subject to rehearing or appeal; provided, however, Pipeline may waive the requirement that such authorization(s) and approval(s) be final and no longer subject to rehearing or appeal.

  
 10. If the conditions precedent set forth in Paragraph 9(A)(i)
through 9(A)(iv) and 9(B)(i) and 9(B)(ii) have not been fully satisfied, or waived by Pipeline or Customer, as applicable, by (*), and this Precedent Agreement has not been terminated pursuant to Paragraph 12 of this Precedent Agreement, then either
Pipeline or Customer may thereafter terminate this Precedent Agreement (and the Service Agreements, if executed) by giving sixty (60) days prior written notice of its intention to terminate to the non-terminating Party; provided, however, if
the conditions precedent are satisfied, or waived by Pipeline or Customer, as applicable, within such sixty (60) day notice period, then termination of such agreements will not be effective. In the event of such termination, Pipeline will hold
Customer harmless from any financial or other liability. 
  
 11.
In addition to the provisions of Paragraph 10 of the Precedent Agreement, Pipeline may terminate this Precedent Agreement at any time upon fifteen (15) days prior written 

  

 4 

 
notice to the Customer, if Pipeline, in its sole discretion, determines for any reason that the Project contemplated herein is no longer economically viable
or if substantially all of the other precedent agreements, service agreements or other contractual arrangements for the firm service to be made available by the Project are terminated, other than by reason of commencement of service. 
  
 12. If this Precedent Agreement is not terminated pursuant to Paragraphs 10
or 11 hereof, then this Precedent Agreement will terminate by its express terms on the Service Commencement Date, and thereafter Pipeline’s and Customer’s rights and obligations related to the transportation transaction contemplated herein
shall be determined pursuant to the terms and conditions of such Service Agreements and Pipeline’s FERC Gas Tariff, as effective from time to time. 
  
 13. This Precedent Agreement may not be modified or amended unless the Parties execute written agreements to that effect. 
  
 14. Any company that succeeds by purchase, merger, or consolidation of title
to the properties, substantially as an entirety, of Pipeline or Customer, will be entitled to the rights and will be subject to the obligations of its predecessor in title under this Precedent Agreement. Otherwise, neither Customer nor Pipeline may
assign any of its rights or obligations under this Precedent Agreement without the prior written consent of the other Party hereto. 
  
 15. Except as expressly provided for in this Precedent Agreement, nothing herein expressed or implied is intended or shall be construed to confer upon or
give to any person not a Party hereto any rights, remedies or obligations under or by reason of this Precedent Agreement. 
  
 16. Each and every provision of this Precedent Agreement shall be considered as prepared through the joint efforts of the Parties and shall not be
construed against either Party as a result of the preparation or drafting thereof. It is expressly agreed that no consideration shall be given or presumption made on the basis of who drafted this Precedent Agreement or any specific provision hereof.

  
 17. The recitals and representations appearing first above are
hereby incorporated in and made a part of this Precedent Agreement. 
  
 18. This Precedent Agreement shall be governed by, construed, interpreted, and performed in accordance with the laws of the State of Tennessee, without recourse to any laws governing the conflict of laws. 
  
 19. Except as herein otherwise provided, any notice, request, demand,
statement, or bill provided for in this Precedent Agreement, or any notice which either Party desires to give to the other, must be in writing and will be considered duly delivered when mailed by registered or certified mail, or overnight courier,
to the other Party’s post office address set forth below: 
  

	 	Pipeline:	 	East Tennessee Natural Gas 

	 	    	 	5400 Westheimer Court 

	 	    	 	Houston, Texas 77056 

	 	    	 	Attn: Vice President, Marketing 

  

 5 

	 	    	 	Phone: ((713) 627-5432 

	 	    	 	Fax: (713) 989-1613 

  

	 	Customer:	 	GeoMet, Inc. 

	 	    	 	909 Fannin, Suite 3208 

	 	    	 	Houston, Texas 77010 

	 	    	 	Attention: Chief Financial Officer 

	 	    	 	Phone: (713) 659-3855 

	 	    	 	Fax: (713) 659-3856 

  
 or at such other address as either Party designates by written notice. Routine communications, including monthly statements, will be considered duly delivered when mailed by registered mail, certified mail, ordinary
mail, or overnight courier. 
  
 20. When used in this Precedent
Agreement, and unless otherwise defined herein, capitalized terms shall have the meanings set forth in Pipeline’s FERC Gas Tariff on file with the Commission, as amended from time to time. 
  
 [Signature page follows] 
  

 6 

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

			
	East Tennessee Natural Gas	  	GeoMet, Inc.

  
 By its General Partner 
 Duke Energy Gas Transmission Services, LLC 
  

									
	By:	 	/s/ D. Patrick Whitty	 	 	 	By:	 	/s/ William C. Rankin
	Title:	 	Vice President	 	 	 	Title:	 	Executive Vice President

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