Document:

EX-10.1

 Exhibit 10.1 

Base Contract for Sale and Purchase of Natural Gas 

This Base Contract is entered into as of the following date: August 6, 2013 

The parties to this Base Contract are the following: 
  

																	
	
PARTY A 
 Cobra Pipeline
Company, Ltd.
	 	PARTY NAME	 	
PARTY B 
 Gas Natural
Resources, LLC

	3511 Lost Nation Road	  		 	 	 	8500 Station Street
	Suite 213	  		 	ADDRESS	 	Suite 300
	Willoughby, Ohio 44094	  	 	 	 	 	Mentor, Ohio 44060
	www.	 	  
	 	BUSINESS WEBSITE	 	www.	 	  

	 GNR2013 – IntrastateSales –
Cobra Pipeline 
 Company #1
	 	CONTRACT NUMBER	 	 GNR2013 – IntrastateSales
– Cobra Pipeline 
 Company #1

	 	 	 	 	 	  	 	 	D-U-N-S® NUMBER	 	 	 	 	 	 	 	 
	
x      US FEDERAL: 41-2255945
	  		 	 	 	
x      US FEDERAL: 90-0972629

	 	 		 		  		 	TAX ID NUMBERS	 		 		 		 	 
	
 ̈      OTHER:
	 	 	  	 	 	 	 	
 ̈      OTHER:
	 	 	 	 
	 	 	 	  	 	 	JURISDICTION OF ORGANIZATION	 	Ohio	 	 	 	 
	
 ̈      Corporation
	 	  LLC
	 	 	 	  ̈      Corporation
	 	
x       LLC

	
x      Limited Partnership
	 	  ̈      Partnership
	 	COMPANY TYPE	 	  ̈      Limited Partnership
	 	
 ̈      Partnership

	
 ̈      LLP
	 	
 ̈      Other:
                    
	 	 	 	
 ̈      LLP
	 	
 ̈      Other:
                    

	 	 	 	 	 	  	 	 	 GUARANTOR 

(IF APPLICABLE)
	 	 	 	 	 	 	 	 
	  

CONTACT INFORMATION
  

	Cobra Pipeline Ltd.	 	 	 	Gas Natural Resources, LLC
	ATTN:	 	Jessica Carothers	 	 • COMMERCIAL
	 	ATTN:	 	Mike Zappitello
	TEL#:	 	440-255-1945	 	FAX#: 440-255-1985	 	 	 	TEL#:	 	440-974-3770	 	FAX#:	 	440-205-3175
	EMAIL:	 	jcarothers@cobrapipeline.com	 	 	 	EMAIL:	 	mzappitello@egas.com	 	 	 	 
	Cobra Pipeline Ltd.	 	 	 	Gas Natural Resources, LLC
	ATTN:	 	Jessica Carothers	 	 	 	ATTN:	 	Mike Zappitello
	TEL#:	 	440-255-1945	 	FAX#: 440-255-1985	 	 • SCHEDULING
	 	TEL#:	 	440-974-3770	 	FAX#:	 	440-205-3175
	EMAIL:	 	jcarothers@cobrapipeline.com	 	 	 	EMAIL:	 	mzappitello@egas.com
	Cobra Pipeline Ltd.	 	 	 	Gas Natural Resources, LLC
	ATTN:	 	Jessica Carothers	 	 • CONTRACT AND
	 	ATTN:	 	Mike Zappitello
	TEL#:	 	440-255-1945	 	FAX#: 440-255-1985	 	 LEGAL NOTICES
	 	TEL#:	 	440-974-3770	 	FAX#:	 	440-205-3175
	EMAIL:	 	jcarothers@cobrapipeline.com	 	 	 	EMAIL:	 	mzappitello@egas.com	 	 	 	 
	Cobra Pipeline Ltd.	  		 	 	 	Gas Natural Resources, LLC
	ATTN:	 	Jessica Carothers	 	 	 	ATTN:	 	Mike Zappitello
	TEL#:	 	440-255-1945	 	FAX#: 440-255-1985	 	 • CREDIT
	 	TEL#:	 	440-974-3770	 	FAX#:	 	440-205-3175
	EMAIL:	 	jcarothers@cobrapipeline.com	 	 	 	EMAIL:	 	mzappitello@egas.com	 	 	 	 
	Cobra Pipeline Ltd.	 	 	 	Gas Natural Resources, LLC
	ATTN:	 	Jessica Carothers	 	 • TRANSACTION
	 	ATTN:	 	Mike Zappitello
	TEL#:	 	440-255-1945	 	FAX#: 440-255-1985	 	 CONFIRMATIONS
	 	TEL#:	 	440-974-3770	 	FAX#:	 	440-205-3175
	EMAIL:	 	jcarothers@cobrapipeline.com	 	 	 	EMAIL:	 	mzappitello@egas.com	 	 	 	 
	  

ACCOUNTING INFORMATION
  

	Cobra Pipeline Ltd.	 	 	 	Gas Natural Resources, LLC	 	 
	ATTN:	 	Jessica Carothers	 	 • INVOICES
	 	ATTN:	 	Mike Zappitello
	TEL#:	 	440-255-1945	 	FAX#: 440-255-1985	 	 • PAYMENTS
	 	TEL#:	 	440-974-3770	 	FAX#:	 	440-205-3175
	EMAIL:	 	jcarothers@cobrapipeline.com	 	 • SETTLEMENTS
	 	EMAIL:	 	mzappitello@egas.com	 	 	 	 
	BANK:	 	  
	 	WIRE TRANSFER	 	BANK:	 	  

	ABA:	 	  
	 	ACCT:                             	 	NUMBERS	 	ABA:	 	  
	 	ACCT:	 	  

	OTHER DETAILS:
                                         
           	 	(IF APPLICABLE)	 	OTHER DETAILS:
                                         
           
	BANK:	 	  
	 	ACH NUMBERS	 	BANK:	 	  

	ABA:	 	  
	 	ACCT:                             	 	(IF APPLICABLE)	 	ABA:	 	  
	 	ACCT:	 	  

	OTHER DETAILS:
                                         
           	 	 	 	OTHER DETAILS:
                                         
           
	ATTN:
                                         
                                	 	CHECKS	 	ATTN:
                                         
                                
	ADDRESS:
                                         
                        	 	(IF APPLICABLE)	 	ADDRESS:
                                         
                        
	
 
  
	 	 	 	
 
  

  

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

 Base Contract for Sale and Purchase of Natural Gas 

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

															
	 	 	 	 	 	 
	Section 1.2	  	 ̈	  	Oral (default)	  	Section 10.2	  	x	  	No Additional Events of Default (default)
	Transaction	  	OR	  	 	  	Additional	  		  		  		  	 
	Procedure	  	x	  	Written	  	Events of	  	 ̈	  	Indebtedness Cross Default
	 	  		  	 	  	Default	  		  	  
  ̈
	  	  
 Party A:
	  	  

	  

Section 2.7
	  	  

x
	  	  
 2
Business Days after receipt (default)
	  		  		  	  
  ̈
	  	  
 Party B:
	  	  

	Confirm Deadline	  	OR	  	 	  		  		  		  		  	 
	 	  	 ̈	  	         Business Days after receipt	  		  	 ̈	  	 Transactional Cross Default

Specified Transactions:

	 		 			 
	Section 2.8	  	x	  	Seller (default)	  		  		  	  

	Confirming Party	  	OR	  	 	  		  		  	  

	 	  	 ̈	  	Buyer	  		  		  	  

	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	  
 Section
3.2
	  	  
 x
	  	  
 Cover Standard (default)
	  	  
 Section 10.3.1
	  	  
 x
	  	  

Early Termination Damages Apply (default)

	Performance	  	OR	  	 	  	Early	  		  		  		  	 
	Obligation	  		  	 	  	Termination	  	OR	  		  		  	 
	 	  	  ̈
  
	  	 Spot Price Standard
  
	  	Damages	  	 ̈	  	Early Termination Damages Do Not Apply
	 	 	 	 	 	 
	Note: The following Spot Price Publication applies to both of the	  		  		  		  		  	 
	immediately preceding.	  	 	  	Section 10.3.2	  	x	  	Other Agreement Setoffs Apply (default)
	 	  		  	 	  	Other	  		  		  		  	 
	Section 2.31	  	 ̈	  	Gas Daily Midpoint (default)	  	Agreement	  		  		  	 ̈	  	Bilateral (default)
	Spot Price	  	OR	  	 	  	Setoffs	  		  		  	 ̈	  	Triangular
	Publication	  	x	  	Gas Daily Midpoint Columbia Appalachia	  		  		  		  		  	 
	 	  	 	  	 	  		  	 OR
  
	  		  		  	 
	 	  		  	 	  		  	 ̈	  	Other Agreement Setoffs Do Not Apply
	Section 6	  	 ̈	  	Buyer Pays At and After Delivery Point (default)	  		  		  		  		  	 
	Taxes	  	OR	  	 	  		  		  		  		  	 
	 	  	 ̈	  	 Seller Pays Before and At Delivery Point

 
	  	 	  	 	  	 	  	 	  	 
	 		 		 
	 Section 7.2

Payment Date
	  	x	  	25th Day of Month following Month of delivery (default)	  	 Section 15.5

Choice Of Law
	  	OHIO
	 	  	OR	  	 	  		  		  		  		  	 
	 	  	 ̈	  	 Day of Month following Month of delivery

 
	  		  		  		  		  	 
	 	 	 	 	 	 
	Section 7.2	  	 ̈	  	Wire transfer (default)	  	Section 15.10	  	x	  	Confidentiality applies (default)
	Method of Payment	  	 ̈	  	Automated Clearinghouse Credit (ACH)	  	Confidentiality	  	OR	  		  		  	 
	 	  		  	 Check or X Cash Account Transfer

 
	  		  	 ̈	  	Confidentiality does not apply
	 	 	 					 
	Section 7.7	  	x	  	Netting applies (default)	  		  		  		  		  	 
	Netting	  	OR	  	 	  		  		  		  		  	 
	 	  	 ̈	  	 Netting does not apply
  
	  		  		  		  		  	 
	 	 	 	 	 	 	 
	 ̈ Special Provisions	  	Number of sheets attached:	  		  		  		  		  	 
	x Addendum(s):	  	This agreement replaces JOHND2010 – Cobra Pipeline Company #1	  	 

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

 

									
		 	Cobra Pipeline Company, Ltd.	  	PARTY NAME	  		  	Gas Natural Resources, LLC
					
	By:	 	        /s/ Jessica Carothers	  	SIGNATURE	  	By:	  	        /s/ Michael Cappitello
		 	Jessica Carothers	  	PRINTED NAME	  		  	Michael Zappitello
		 	Accounting, Mgr., Cobra Pipeline Company, Ltd.	  	TITLE	  		  	Manager, Gas Natural Resources, LLC

  

					
	Copyright © 2006 North American Energy Standards Board, Inc.	  	NAESB Standard 6.3.1
	All Rights Reserved	  	 Page
 2
 of 13	  	September 5, 2006

 General Terms and Conditions 

Base Contract for Sale and Purchase of Natural Gas 

SECTION 1. PURPOSE AND PROCEDURES 
 1.1. These General Terms
and Conditions are intended to facilitate purchase and sale transactions of Gas on a Firm or Interruptible basis. “Buyer” refers to the party receiving Gas and “Seller” refers to the party delivering Gas. The entire agreement
between the parties shall be the Contract as defined in Section 2.9. 
 The parties have selected either the “Oral Transaction Procedure”
or the “Written Transaction Procedure” as indicated on the Base Contract. 
 Oral Transaction Procedure: 

1.2. The parties will use the following Transaction Confirmation procedure. Any Gas purchase and sale transaction may be effectuated in an EDI transmission or
telephone conversation with the offer and acceptance constituting the agreement of the parties. The parties shall be legally bound from the time they so agree to transaction terms and may each rely thereon. Any such transaction shall be considered a
“writing” and to have been “signed”. Notwithstanding the foregoing sentence, the parties agree that Confirming Party shall, and the other party may, confirm a telephonic transaction by sending the other party a Transaction
Confirmation by facsimile, EDI or mutually agreeable electronic means within three Business Days of a transaction covered by this Section 1.2 (Oral Transaction Procedure) provided that the failure to send a Transaction Confirmation shall not
invalidate the oral agreement of the parties. Confirming Party adopts its confirming letterhead, or the like, as its signature on any Transaction Confirmation as the identification and authentication of Confirming Party. If the Transaction
Confirmation contains any provisions other than those relating to the commercial terms of the transaction (i.e., price, quantity, performance obligation, delivery point, period of delivery and/or transportation conditions), which modify or
supplement the Base Contract or General Terms and Conditions of this Contract (e.g., arbitration or additional representations and warranties), such provisions shall not be deemed to be accepted pursuant to Section 1.3 but must be expressly
agreed to by both parties; provided that the foregoing shall not invalidate any transaction agreed to by the parties. 
 Written Transaction Procedure:

 1.2. The parties will use the following Transaction Confirmation procedure. Should the parties come to an agreement regarding a Gas purchase and sale
transaction for a particular Delivery Period, the Confirming Party shall, and the other party may, record that agreement on a Transaction Confirmation and communicate such Transaction Confirmation by facsimile, EDI or mutually agreeable electronic
means, to the other party by the close of the Business Day following the date of agreement. The parties acknowledge that their agreement will not be binding until the exchange of nonconflicting Transaction Confirmations or the passage of the Confirm
Deadline without objection from the receiving party, as provided in Section 1.3. 
 1.3. If a sending party’s Transaction Confirmation is
materially different from the receiving party’s understanding of the agreement referred to in Section 1.2, such receiving party shall notify the sending party via facsimile, EDI or mutually agreeable electronic means by the Confirm
Deadline, unless such receiving party has previously sent a Transaction Confirmation to the sending party. The failure of the receiving party to so notify the sending party in writing by the Confirm Deadline constitutes the receiving party’s
agreement to the terms of the transaction described in the sending party’s Transaction Confirmation. If there are any material differences between timely sent Transaction Confirmations governing the same transaction, then neither Transaction
Confirmation shall be binding until or unless such differences are resolved including the use of any evidence that clearly resolves the differences in the Transaction Confirmations. In the event of a conflict among the terms of (i) a binding
Transaction Confirmation pursuant to Section 1.2, (ii) the oral agreement of the parties which may be evidenced by a recorded conversation, where the parties have selected the Oral Transaction Procedure of the Base Contract, (iii) the
Base Contract, and (iv) these General Terms and Conditions, the terms of the documents shall govern in the priority listed in this sentence. 
 1.4. The
parties agree that each party may electronically record all telephone conversations with respect to this Contract between their respective employees, without any special or further notice to the other party. Each party shall obtain any necessary
consent of its agents and employees to such recording. Where the parties have selected the Oral Transaction Procedure in Section 1.2 of the Base Contract, the parties agree not to contest the validity or enforceability of telephonic recordings
entered into in accordance with the requirements of this Base Contract. 
 SECTION 2. DEFINITIONS 

The terms set forth below shall have the meaning ascribed to them below. Other terms are also defined elsewhere in the Contract and shall have the meanings
ascribed to them herein. 
 2.1. “Additional Event of Default” shall mean Transactional Cross Default or Indebtedness Cross Default, each as and if
selected by the parties pursuant to the Base Contract. 
 2.2. “Affiliate” shall mean, in relation to any person, any entity controlled, directly
or indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of at
least 50 percent of the voting power of the entity or person. 

  

					
	Copyright © 2006 North American Energy Standards Board, Inc.	  	NAESB Standard 6.3.1
	All Rights Reserved	  	 Page
 3
 of 13	  	September 5, 2006

 2.3. “Alternative Damages” shall mean such damages, expressed in dollars or dollars per MMBtu, as the
parties shall agree upon in the Transaction Confirmation, in the event either Seller or Buyer fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer. 

2.4. “Base Contract” shall mean a contract executed by the parties that incorporates these General Terms and Conditions by reference; that specifies
the agreed selections of provisions contained herein; and that sets forth other information required herein and any Special Provisions and addendum(s) as identified on page one. 

2.5. “British thermal unit” or “Btu” shall mean the International BTU, which is also called the Btu (IT). 

2.6. “Business Day(s)” shall mean Monday through Friday, excluding Federal Banking Holidays for transactions in the U.S. 

2.7. “Confirm Deadline” shall mean 5:00 p.m. in the receiving party’s time zone on the second Business Day following the Day a Transaction
Confirmation is received or, if applicable, on the Business Day agreed to by the parties in the Base Contract; provided, if the Transaction Confirmation is time stamped after 5:00 p.m. in the receiving party’s time zone, it shall be deemed
received at the opening of the next Business Day. 
 2.8. “Confirming Party” shall mean the party designated in the Base Contract to prepare and
forward Transaction Confirmations to the other party. 
 2.9. “Contract” shall mean the legally-binding relationship established by (i) the
Base Contract, (ii) any and all binding Transaction Confirmations and (iii) where the parties have selected the Oral Transaction Procedure in Section 1.2 of the Base Contract, any and all transactions that the parties have entered
into through an EDI transmission or by telephone, but that have not been confirmed in a binding Transaction Confirmation, all of which shall form a single integrated agreement between the parties. 

2.10. “Contract Price” shall mean the amount expressed in U.S. Dollars per MMBtu to be paid by Buyer to Seller for the purchase of Gas as agreed to
by the parties in a transaction. 
 2.11. “Contract Quantity” shall mean the quantity of Gas to be delivered and taken as agreed to by the parties
in a transaction. 
 2.12. “Cover Standard”, as referred to in Section 3.2, shall mean that if there is an unexcused failure to take or
deliver any quantity of Gas pursuant to this Contract, then the performing party shall use commercially reasonable efforts to (i) if Buyer is the performing party, obtain Gas, (or an alternate fuel if elected by Buyer and replacement Gas is not
available), or (ii) if Seller is the performing party, sell Gas, in either case, at a price reasonable for the delivery or production area, as applicable, consistent with: the amount of notice provided by the nonperforming party; the immediacy
of the Buyer’s Gas consumption needs or Seller’s Gas sales requirements, as applicable; the quantities involved; and the anticipated length of failure by the nonperforming party. 

2.13. “Credit Support Obligation(s)” shall mean any obligation(s) to provide or establish credit support for, or on behalf of, a party to this
Contract such as cash, an irrevocable standby letter of credit, a margin agreement, a prepayment, a security interest in an asset, guaranty, or other good and sufficient security of a continuing nature. 

2.14. “Day” shall mean a period of 24 consecutive hours, coextensive with a “day” as defined by the Receiving Transporter in a particular
transaction. 
 2.15. “Delivery Period” shall be the period during which deliveries are to be made as agreed to by the parties in a transaction.

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

2.17. “EDI” shall mean an electronic data interchange pursuant to an agreement entered into by the parties, specifically relating to the
communication of Transaction Confirmations under this Contract. 
 2.18. “EFP” shall mean the purchase, sale or exchange of natural Gas as the
“physical” side of an exchange for physical transaction involving gas futures contracts. EFP shall incorporate the meaning and remedies of “Firm”, provided that a party’s excuse for nonperformance of its obligations to
deliver or receive Gas will be governed by the rules of the relevant futures exchange regulated under the Commodity Exchange Act. 
 2.19. “Firm”
shall mean that either party may interrupt its performance without liability only to the extent that such performance is prevented for reasons of Force Majeure; provided, however, that during Force Majeure interruptions, the party invoking Force
Majeure may be responsible for any Imbalance Charges as set forth in Section 4.3 related to its interruption after the nomination is made to the Transporter and until the change in deliveries and/or receipts is confirmed by the Transporter.

 2.20. “Gas” shall mean any mixture of hydrocarbons and noncombustible gases in a gaseous state consisting primarily of methane. 

2.21. “Guarantor” shall mean any entity that has provided a guaranty of the obligations of a party hereunder. 

2.22. “Imbalance Charges” shall mean any fees, penalties, costs or charges (in cash or in kind) assessed by a Transporter for failure to satisfy the
Transporter’s balance and/or nomination requirements. 
 2.23. “Indebtedness Cross Default” shall mean if selected on the Base Contract by the
parties with respect to a party, that it or its Guarantor, if any, experiences a default, or similar condition or event however therein defined, under one or more agreements or instruments, individually or collectively, relating to indebtedness
(such indebtedness to include any obligation whether present or future, contingent or otherwise, as principal or surety or otherwise) for the payment or repayment of borrowed money in an aggregate amount greater than the threshold specified in the
Base Contract with respect to such party or its Guarantor, if any, which results in such indebtedness becoming immediately due and payable. 

  

					
	Copyright © 2006 North American Energy Standards Board, Inc.	  	NAESB Standard 6.3.1
	All Rights Reserved	  	 Page
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 of 13	  	September 5, 2006

 2.24. “Interruptible” shall mean that either party may interrupt its performance at any time for any
reason, whether or not caused by an event of Force Majeure, with no liability, except such interrupting party may be responsible for any Imbalance Charges as set forth in Section 4.3 related to its interruption after the nomination is made to
the Transporter and until the change in deliveries and/or receipts is confirmed by Transporter. 
 2.25. “MMBtu” shall mean one million British
thermal units, which is equivalent to one dekatherm. 
 2.26. “Month” shall mean the period beginning on the first Day of the calendar month and
ending immediately prior to the commencement of the first Day of the next calendar month. 
 2.27. “Payment Date” shall mean a date, as indicated
on the Base Contract, on or before which payment is due Seller for Gas received by Buyer in the previous Month. 
 2.28. “Receiving Transporter”
shall mean the Transporter receiving Gas at a Delivery Point, or absent such receiving Transporter, the Transporter delivering Gas at a Delivery Point. 

2.29. “Scheduled Gas” shall mean the quantity of Gas confirmed by Transporter(s) for movement, transportation or management. 

2.30. “Specified Transaction(s)” shall mean any other transaction or agreement between the parties for the purchase, sale or exchange of physical
Gas, and any other transaction or agreement identified as a Specified Transaction under the Base Contract. 
 2.31. “Spot Price “ as referred to in
Section 3.2 shall mean the price listed in the publication indicated on the Base Contract, under the listing applicable to the geographic location closest in proximity to the Delivery Point(s) for the relevant Day; provided, if there is no
single price published for such location for such Day, but there is published a range of prices, then the Spot Price shall be the average of such high and low prices. If no price or range of prices is published for such Day, then the Spot Price
shall be the average of the following: (i) the price (determined as stated above) for the first Day for which a price or range of prices is published that next precedes the relevant Day; and (ii) the price (determined as stated above) for
the first Day for which a price or range of prices is published that next follows the relevant Day. 
 2.32. “Transaction Confirmation” shall mean
a document, similar to the form of Exhibit A, setting forth the terms of a transaction formed pursuant to Section 1 for a particular Delivery Period. 

2.33. “Transactional Cross Default” shall mean if selected on the Base Contract by the parties with respect to a party, that it shall be in default,
however therein defined, under any Specified Transaction. 
 2.34. “Termination Option” shall mean the option of either party to terminate a
transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction
Confirmation. 
 2.35. “Transporter(s)” shall mean all Gas gathering or pipeline companies, or local distribution companies, acting in the capacity
of a transporter, transporting Gas for Seller or Buyer upstream or downstream, respectively, of the Delivery Point pursuant to a particular transaction. 

SECTION 3. PERFORMANCE OBLIGATION 
 3.1. Seller agrees to
sell and deliver, and Buyer agrees to receive and purchase, the Contract Quantity for a particular transaction in accordance with the terms of the Contract. Sales and purchases will be on a Firm or Interruptible basis, as agreed to by the parties in
a transaction. 
 The parties have selected either the “Cover Standard” or the “Spot Price Standard” as indicated on the Base
Contract. 
 Cover Standard: 
 3.2. The sole and
exclusive remedy of the parties in the event of a breach of a Firm obligation to deliver or receive Gas shall be recovery of the following: (i) in the event of a breach by Seller on any Day(s), payment by Seller to Buyer in an amount equal to
the positive difference, if any, between the purchase price paid by Buyer utilizing the Cover Standard and the Contract Price, adjusted for commercially reasonable differences in transportation costs to or from the Delivery Point(s), multiplied by
the difference between the Contract Quantity and the quantity actually delivered by Seller for such Day(s) excluding any quantity for which no replacement is available; or (ii) in the event of a breach by Buyer on any Day(s), payment by Buyer
to Seller in the amount equal to the positive difference, if any, between the Contract Price and the price received by Seller utilizing the Cover Standard for the resale of such Gas, adjusted for commercially reasonable differences in transportation
costs to or from the Delivery Point(s), multiplied by the difference between the Contract Quantity and the quantity actually taken by Buyer for such Day(s) excluding any quantity for which no sale is available; and (iii) in the event that Buyer
has used commercially reasonable efforts to replace the Gas or Seller has used commercially reasonable efforts to sell the Gas to a third party, and no such replacement or sale is available for all or any portion of the Contract Quantity of Gas,
then in addition to (i) or (ii) above, as applicable, the sole and exclusive remedy of the performing party with respect to the Gas not replaced or sold shall be an amount equal to any unfavorable difference between the Contract Price and
the Spot Price, adjusted for such transportation to the applicable Delivery Point, multiplied by the quantity of such Gas not replaced or sold. Imbalance Charges shall not be recovered under this Section 3.2, but Seller and/or Buyer shall be
responsible for Imbalance Charges, if any, as provided in Section 4.3. The amount of such unfavorable difference shall be payable five Business Days after presentation of the performing party’s invoice, which shall set forth the basis upon
which such amount was calculated. 

  

					
	Copyright © 2006 North American Energy Standards Board, Inc.	  	NAESB Standard 6.3.1
	All Rights Reserved	  	 Page
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 of 13	  	September 5, 2006

 Spot Price Standard: 

3.2. The sole and exclusive remedy of the parties in the event of a breach of a Firm obligation to deliver or receive Gas shall be recovery of the following:
(i) in the event of a breach by Seller on any Day(s), payment by Seller to Buyer in an amount equal to the difference between the Contract Quantity and the actual quantity delivered by Seller and received by Buyer for such Day(s), multiplied by
the positive difference, if any, obtained by subtracting the Contract Price from the Spot Price; or (ii) in the event of a breach by Buyer on any Day(s), payment by Buyer to Seller in an amount equal to the difference between the Contract
Quantity and the actual quantity delivered by Seller and received by Buyer for such Day(s), multiplied by the positive difference, if any, obtained by subtracting the applicable Spot Price from the Contract Price. Imbalance Charges shall not be
recovered under this Section 3.2, but Seller and/or Buyer shall be responsible for Imbalance Charges, if any, as provided in Section 4.3. The amount of such unfavorable difference shall be payable five Business Days after presentation of
the performing party’s invoice, which shall set forth the basis upon which such amount was calculated. 
 3.3. Notwithstanding Section 3.2, the
parties may agree to Alternative Damages in a Transaction Confirmation executed in writing by both parties. 
 3.4. In addition to Sections 3.2 and 3.3, the
parties may provide for a Termination Option in a Transaction Confirmation executed in writing by both parties. The Transaction Confirmation containing the Termination Option will designate the length of nonperformance triggering the Termination
Option and the procedures for exercise thereof, how damages for nonperformance will be compensated, and how liquidation costs will be calculated. 

SECTION 4. TRANSPORTATION, NOMINATIONS, AND IMBALANCES 

4.1. Seller shall have the sole responsibility for transporting the Gas to the Delivery Point(s). Buyer shall have the sole responsibility for transporting the
Gas from the Delivery Point(s). 
 4.2. The parties shall coordinate their nomination activities, giving sufficient time to meet the deadlines of the
affected Transporter(s). Each party shall give the other party timely prior Notice, sufficient to meet the requirements of all Transporter(s) involved in the transaction, of the quantities of Gas to be delivered and purchased each Day. Should either
party become aware that actual deliveries at the Delivery Point(s) are greater or lesser than the Scheduled Gas, such party shall promptly notify the other party. 

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

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

The parties have selected either “Buyer Pays At and After Delivery Point” or “Seller Pays Before and At Delivery Point” as indicated on
the Base Contract. 
 Buyer Pays At and After Delivery Point: 

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

Seller shall pay or cause to be paid all taxes, fees, levies, penalties, licenses or charges imposed by any government authority (“Taxes”) on or with
respect to the Gas prior to the Delivery Point(s) and all Taxes at the Delivery Point(s). Buyer shall pay or cause to be paid all Taxes on or with respect to the Gas after the Delivery Point(s). If a party is required to remit or pay Taxes that are
the other party’s responsibility hereunder, the party responsible for such Taxes shall promptly reimburse the other party for such Taxes. Any party entitled to an exemption from any such Taxes or charges shall furnish the other party any
necessary documentation thereof. 
 SECTION 7. BILLING, PAYMENT, AND AUDIT 

7.1. Seller shall invoice Buyer for Gas delivered and received in the preceding Month and for any other applicable charges, providing supporting documentation
acceptable in industry practice to support the amount charged. If the actual quantity delivered is not known by the billing date, billing will be prepared based on the quantity of Scheduled Gas. The invoiced quantity will then be adjusted to the
actual quantity on the following Month’s billing or as soon thereafter as actual delivery information is available. 

  

					
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 7.2. Buyer shall remit the amount due under Section 7.1 in the manner specified in the Base Contract, in
immediately available funds, on or before the later of the Payment Date or 10 Days after receipt of the invoice by Buyer; provided that if the Payment Date is not a Business Day, payment is due on the next Business Day following that date. In the
event any payments are due Buyer hereunder, payment to Buyer shall be made in accordance with this Section 7.2. 
 7.3. In the event payments become due
pursuant to Sections 3.2 or 3.3, the performing party may submit an invoice to the nonperforming party for an accelerated payment setting forth the basis upon which the invoiced amount was calculated. Payment from the nonperforming party will be due
five Business Days after receipt of invoice. 
 7.4. If the invoiced party, in good faith, disputes the amount of any such invoice or any part thereof, such
invoiced party will pay such amount as it concedes to be correct; provided, however, if the invoiced party disputes the amount due, it must provide supporting documentation acceptable in industry practice to support the amount paid or disputed
without undue delay. In the event the parties are unable to resolve such dispute, either party may pursue any remedy available at law or in equity to enforce its rights pursuant to this Section. 

7.5. If the invoiced party fails to remit the full amount payable when due, interest on the unpaid portion shall accrue from the date due until the date of
payment at a rate equal to the lower of (i) the then-effective prime rate of interest published under “Money Rates” by The Wall Street Journal, plus two percent per annum; or (ii) the maximum applicable lawful interest rate. 

7.6. A party shall have the right, at its own expense, upon reasonable Notice and at reasonable times, to examine and audit and to obtain copies of the
relevant portion of the books, records, and telephone recordings of the other party only to the extent reasonably necessary to verify the accuracy of any statement, charge, payment, or computation made under the Contract. This right to examine,
audit, and to obtain copies shall not be available with respect to proprietary information not directly relevant to transactions under this Contract. All invoices and billings shall be conclusively presumed final and accurate and all associated
claims for under- or overpayments shall be deemed waived unless such invoices or billings are objected to in writing, with adequate explanation and/or documentation, within two years after the Month of Gas delivery. All retroactive adjustments under
Section 7 shall be paid in full by the party owing payment within 30 Days of Notice and substantiation of such inaccuracy. 
 7.7. Unless the parties
have elected on the Base Contract not to make this Section 7.7 applicable to this Contract, the parties shall net all undisputed amounts due and owing, and/or past due, arising under the Contract such that the party owing the greater amount
shall make a single payment of the net amount to the other party in accordance with Section 7; provided that no payment required to be made pursuant to the terms of any Credit Support Obligation or pursuant to Section 7.3 shall be subject
to netting under this Section. If the parties have executed a separate netting agreement, the terms and conditions therein shall prevail to the extent inconsistent herewith. 

SECTION 8. TITLE, WARRANTY, AND INDEMNITY 
 8.1. Unless
otherwise specifically agreed, title to the Gas shall pass from Seller to Buyer at the Delivery Point(s). Seller shall have responsibility for and assume any liability with respect to the Gas prior to its delivery to Buyer at the specified Delivery
Point(s). Buyer shall have responsibility for and assume any liability with respect to said Gas after its delivery to Buyer at the Delivery Point(s). 
 8.2.
Seller warrants that it will have the right to convey and will transfer good and merchantable title to all Gas sold hereunder and delivered by it to Buyer, free and clear of all liens, encumbrances, and claims. EXCEPT AS PROVIDED IN THIS SECTION 8.2
AND IN SECTION 15.8, ALL OTHER WARRANTIES, EXPRESS OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR OF FITNESS FOR ANY PARTICULAR PURPOSE, ARE DISCLAIMED. 

8.3. Seller agrees to indemnify Buyer and save it harmless from all losses, liabilities or claims including reasonable attorneys’ fees and costs of court
(“Claims”), from any and all persons, arising from or out of claims of title, personal injury (including death) or property damage from said Gas or other charges thereon which attach before title passes to Buyer. Buyer agrees to indemnify
Seller and save it harmless from all Claims, from any and all persons, arising from or out of claims regarding payment, personal injury (including death) or property damage from said Gas or other charges thereon which attach after title passes to
Buyer. 
 8.4. The parties agree that the delivery of and the transfer of title to all Gas under this Contract shall take place within the Customs Territory
of the United States (as defined in general note 2 of the Harmonized Tariff Schedule of the United States 19 U.S.C. §1202, General Notes, page 3); provided, however, that in the event Seller took title to the Gas outside the Customs Territory
of the United States, Seller represents and warrants that it is the importer of record for all Gas entered and delivered into the United States, and shall be responsible for entry and entry summary filings as well as the payment of duties, taxes and
fees, if any, and all applicable record keeping requirements. 
 8.5. Notwithstanding the other provisions of this Section 8, as between Seller and
Buyer, Seller will be liable for all Claims to the extent that such arise from the failure of Gas delivered by Seller to meet the quality requirements of Section 5. 

SECTION 9. NOTICES 
 9.1. All Transaction Confirmations,
invoices, payment instructions, and other communications made pursuant to the Base Contract (“Notices”) shall be made to the addresses specified in writing by the respective parties from time to time. 

9.2. All Notices required hereunder shall be in writing and may be sent by facsimile or mutually acceptable electronic means, a nationally recognized overnight
courier service, first class mail or hand delivered. 

  

					
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 9.3. Notice shall be given when received on a Business Day by the addressee. In the absence of proof of the
actual receipt date, the following presumptions will apply. Notices sent by facsimile shall be deemed to have been received upon the sending party’s receipt of its facsimile machine’s confirmation of successful transmission. If the day on
which such facsimile is received is not a Business Day or is after five p.m. on a Business Day, then such facsimile shall be deemed to have been received on the next following Business Day. Notice by overnight mail or courier shall be deemed to have
been received on the next Business Day after it was sent or such earlier time as is confirmed by the receiving party. Notice via first class mail shall be considered delivered five Business Days after mailing. 

9.4. The party receiving a commercially acceptable Notice of change in payment instructions or other payment information shall not be obligated to implement
such change until ten Business Days after receipt of such Notice. 
 SECTION 10. FINANCIAL RESPONSIBILITY 

10.1. If either party (“X”) has reasonable grounds for insecurity regarding the performance of any obligation under this Contract (whether or not
then due) by the other party (“Y”) (including, without limitation, the occurrence of a material change in the creditworthiness of Y or its Guarantor, if applicable), X may demand Adequate Assurance of Performance. “Adequate Assurance
of Performance” shall mean sufficient security in the form, amount, for a term, and from an issuer, all as reasonably acceptable to X, including, but not limited to cash, a standby irrevocable letter of credit, a prepayment, a security interest
in an asset or guaranty. Y hereby grants to X a continuing first priority security interest in, lien on, and right of setoff against all Adequate Assurance of Performance in the form of cash transferred by Y to X pursuant to this Section 10.1.
Upon the return by X to Y of such Adequate Assurance of Performance, the security interest and lien granted hereunder on that Adequate Assurance of Performance shall be released automatically and, to the extent possible, without any further action
by either party. 
 10.2. In the event (each an “Event of Default”) either party (the “Defaulting Party”) or its Guarantor shall:
(i) make an assignment or any general arrangement for the benefit of creditors; (ii) file a petition or otherwise commence, authorize, or acquiesce in the commencement of a proceeding or case under any bankruptcy or similar law for the
protection of creditors or have such petition filed or proceeding commenced against it; (iii) otherwise become bankrupt or insolvent (however evidenced); (iv) be unable to pay its debts as they fall due; (v) have a receiver,
provisional liquidator, conservator, custodian, trustee or other similar official appointed with respect to it or substantially all of its assets; (vi) fail to perform any obligation to the other party with respect to any Credit Support
Obligations relating to the Contract; (vii) fail to give Adequate Assurance of Performance under Section 10.1 within 48 hours but at least one Business Day of a written request by the other party; (viii) not have paid any amount due
the other party hereunder on or before the second Business Day following written Notice that such payment is due; or ix) be the affected party with respect to any Additional Event of Default; then the other party (the “Non-Defaulting
Party”) shall have the right, at its sole election, to immediately withhold and/or suspend deliveries or payments upon Notice and/or to terminate and liquidate the transactions under the Contract, in the manner provided in Section 10.3, in
addition to any and all other remedies available hereunder. 
 10.3. If an Event of Default has occurred and is continuing, the Non-Defaulting Party shall
have the right, by Notice to the Defaulting Party, to designate a Day, no earlier than the Day such Notice is given and no later than 20 Days after such Notice is given, as an early termination date (the “Early Termination Date”) for the
liquidation and termination pursuant to Section 10.3.1 of all transactions under the Contract, each a “Terminated Transaction”. On the Early Termination Date, all transactions will terminate, other than those transactions, if any,
that may not be liquidated and terminated under applicable law (“Excluded Transactions”), which Excluded Transactions must be liquidated and terminated as soon thereafter as is legally permissible, and upon termination shall be a
Terminated Transaction and be valued consistent with Section 10.3.1 below. With respect to each Excluded Transaction, its actual termination date shall be the Early Termination Date for purposes of Section 10.3.1. 

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

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

  

					
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 Early Termination Damages Do Not Apply: 

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

The parties have selected either “Other Agreement Setoffs Apply” or “Other Agreement Setoffs Do Not Apply” as indicated on the Base
Contract. 
 Other Agreement Setoffs Apply: 

Bilateral Setoff Option: 
 10.3.2. The
Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other
(the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Party, the Non-Defaulting Party is hereby authorized to setoff any Net Settlement Amount against (i) any margin or other collateral held by a
party in connection with any Credit Support Obligation relating to the Contract; and (ii) any amount(s) (including any excess cash margin or excess cash collateral) owed or held by the party that is entitled to the Net Settlement Amount under
any other agreement or arrangement between the parties. 
 Triangular Setoff Option: 

10.3.2. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under
Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option, and without prior Notice to the Defaulting Party, the
Non-Defaulting Party is hereby authorized to setoff (i) any Net Settlement Amount against any margin or other collateral held by a party in connection with any Credit Support Obligation relating to the Contract; (ii) any Net Settlement
Amount against any amount(s) (including any excess cash margin or excess cash collateral) owed by or to a party under any other agreement or arrangement between the parties; (iii) any Net Settlement Amount owed to the Non-Defaulting Party
against any amount(s) (including any excess cash margin or excess cash collateral) owed by the Non-Defaulting Party or its Affiliates to the Defaulting Party under any other agreement or arrangement; (iv) any Net Settlement Amount owed to the
Defaulting Party against any amount(s) (including any excess cash margin or excess cash collateral) owed by the Defaulting Party to the Non-Defaulting Party or its Affiliates under any other agreement or arrangement; and/or (v) any Net
Settlement Amount owed to the Defaulting Party against any amount(s) (including any excess cash margin or excess cash collateral) owed by the Defaulting Party or its Affiliates to the Non-Defaulting Party under any other agreement or arrangement.

 Other Agreement Setoffs Do Not Apply: 

10.3.2. The Non-Defaulting Party shall net or aggregate, as appropriate, any and all amounts owing between the parties under
Section 10.3.1, so that all such amounts are netted or aggregated to a single liquidated amount payable by one party to the other (the “Net Settlement Amount”). At its sole option and without prior Notice to the Defaulting Party, the
Non-Defaulting Party may setoff any Net Settlement Amount against any margin or other collateral held by a party in connection with any Credit Support Obligation relating to the Contract. 

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

10.4. As soon as practicable after a liquidation, Notice shall be given by the Non-Defaulting Party to the Defaulting Party of the Net Settlement Amount, and
whether the Net Settlement Amount is due to or due from the Non-Defaulting Party. The Notice shall include a written statement explaining in reasonable detail the calculation of the Net Settlement Amount, provided that failure to give such Notice
shall not affect the validity or enforceability of the liquidation or give rise to any claim by the Defaulting Party against the Non-Defaulting Party. The Net Settlement Amount as well as any setoffs applied against such amount pursuant to
Section 10.3.2, shall be paid by the close of business on the second Business Day following such Notice, which date shall not be earlier than the Early Termination Date. Interest on any unpaid portion of the Net Settlement Amount as adjusted by
setoffs, shall accrue from the date due until the date of payment at a rate equal to the lower of (i) the then-effective prime rate of interest published under “Money Rates” by The Wall Street Journal, plus two percent per annum; or
(ii) the maximum applicable lawful interest rate. 
 10.5. The parties agree that the transactions hereunder constitute a “forward contract”
within the meaning of the United States Bankruptcy Code and that Buyer and Seller are each “forward contract merchants” within the meaning of the United States Bankruptcy Code. 

10.6. The Non-Defaulting Party’s remedies under this Section 10 are the sole and exclusive remedies of the Non-Defaulting Party with respect to the
occurrence of any Early Termination Date. Each party reserves to itself all other rights, setoffs, counterclaims and other defenses that it is or may be entitled to arising from the Contract. 

10.7. With respect to this Section 10, if the parties have executed a separate netting agreement with close-out netting provisions, the terms and
conditions therein shall prevail to the extent inconsistent herewith. 

  

					
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 SECTION 11. FORCE MAJEURE 

11.1. Except with regard to a party’s obligation to make payment(s) due under Section 7, Section 10.4, and Imbalance Charges under
Section 4, neither party shall be liable to the other for failure to perform a Firm obligation, to the extent such failure was caused by Force Majeure. The term “Force Majeure” as employed herein means any cause not reasonably within
the control of the party claiming suspension, as further defined in Section 11.2. 
 11.2. Force Majeure shall include, but not be limited to, the
following: (i) physical events such as acts of God, landslides, lightning, earthquakes, fires, storms or storm warnings, such as hurricanes, which result in evacuation of the affected area, floods, washouts, explosions, breakage or accident or
necessity of repairs to machinery or equipment or lines of pipe; (ii) weather related events affecting an entire geographic region, such as low temperatures which cause freezing or failure of wells or lines of pipe; (iii) interruption
and/or curtailment of Firm transportation and/or storage by Transporters; (iv) acts of others such as strikes, lockouts or other industrial disturbances, riots, sabotage, insurrections or wars, or acts of terror; and (v) governmental
actions such as necessity for compliance with any court order, law, statute, ordinance, regulation, or policy having the effect of law promulgated by a governmental authority having jurisdiction. Seller and Buyer shall make reasonable efforts to
avoid the adverse impacts of a Force Majeure and to resolve the event or occurrence once it has occurred in order to resume performance. 
 11.3. Neither
party shall be entitled to the benefit of the provisions of Force Majeure to the extent performance is affected by any or all of the following circumstances: (i) the curtailment of interruptible or secondary Firm transportation unless primary,
in-path, Firm transportation is also curtailed; (ii) the party claiming excuse failed to remedy the condition and to resume the performance of such covenants or obligations with reasonable dispatch; or (iii) economic hardship, to include,
without limitation, Seller’s ability to sell Gas at a higher or more advantageous price than the Contract Price, Buyer’s ability to purchase Gas at a lower or more advantageous price than the Contract Price, or a regulatory agency
disallowing, in whole or in part, the pass through of costs resulting from this Contract; (iv) the loss of Buyer’s market(s) or Buyer’s inability to use or resell Gas purchased hereunder, except, in either case, as provided in
Section 11.2; or (v) the loss or failure of Seller’s gas supply or depletion of reserves, except, in either case, as provided in Section 11.2. The party claiming Force Majeure shall not be excused from its responsibility for
Imbalance Charges. 
 11.4. Notwithstanding anything to the contrary herein, the parties agree that the settlement of strikes, lockouts or other industrial
disturbances shall be within the sole discretion of the party experiencing such disturbance. 
 11.5. The party whose performance is prevented by Force
Majeure must provide Notice to the other party. Initial Notice may be given orally; however, written Notice with reasonably full particulars of the event or occurrence is required as soon as reasonably possible. Upon providing written Notice of
Force Majeure to the other party, the affected party will be relieved of its obligation, from the onset of the Force Majeure event, to make or accept delivery of Gas, as applicable, to the extent and for the duration of Force Majeure, and neither
party shall be deemed to have failed in such obligations to the other during such occurrence or event. 
 11.6. Notwithstanding Sections 11.2 and 11.3, the
parties may agree to alternative Force Majeure provisions in a Transaction Confirmation executed in writing by both parties. 
 SECTION 12. TERM 

This Contract may be terminated on 30 Day’s written Notice, but shall remain in effect until the expiration of the latest Delivery Period of any
transaction(s). The rights of either party pursuant to Section 7.6, Section 10, Section 13, the obligations to make payment hereunder, and the obligation of either party to indemnify the other, pursuant hereto shall survive the
termination of the Base Contract or any transaction. 
 SECTION 13. LIMITATIONS 

FOR BREACH OF ANY PROVISION FOR WHICH AN EXPRESS REMEDY OR MEASURE OF DAMAGES IS PROVIDED, SUCH EXPRESS REMEDY OR MEASURE OF DAMAGES SHALL BE THE SOLE AND
EXCLUSIVE REMEDY. A PARTY’S LIABILITY HEREUNDER SHALL BE LIMITED AS SET FORTH IN SUCH PROVISION, AND ALL OTHER REMEDIES OR DAMAGES AT LAW OR IN EQUITY ARE WAIVED. IF NO REMEDY OR MEASURE OF DAMAGES IS EXPRESSLY PROVIDED HEREIN OR IN A
TRANSACTION, A PARTY’S LIABILITY SHALL BE LIMITED TO DIRECT ACTUAL DAMAGES ONLY. SUCH DIRECT ACTUAL DAMAGES SHALL BE THE SOLE AND EXCLUSIVE REMEDY, AND ALL OTHER REMEDIES OR DAMAGES AT LAW OR IN EQUITY ARE WAIVED. UNLESS EXPRESSLY HEREIN
PROVIDED, NEITHER PARTY SHALL BE LIABLE FOR CONSEQUENTIAL, INCIDENTAL, PUNITIVE, EXEMPLARY OR INDIRECT DAMAGES, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES, BY STATUTE, IN TORT OR CONTRACT, UNDER ANY INDEMNITY PROVISION OR OTHERWISE. IT IS
THE INTENT OF THE PARTIES THAT THE LIMITATIONS HEREIN IMPOSED ON REMEDIES AND THE MEASURE OF DAMAGES BE WITHOUT REGARD TO THE CAUSE OR CAUSES RELATED THERETO, INCLUDING THE NEGLIGENCE OF ANY PARTY, WHETHER SUCH NEGLIGENCE BE SOLE, JOINT OR
CONCURRENT, OR ACTIVE OR PASSIVE. TO THE EXTENT ANY DAMAGES REQUIRED TO BE PAID HEREUNDER ARE LIQUIDATED, THE PARTIES ACKNOWLEDGE THAT THE DAMAGES ARE DIFFICULT OR IMPOSSIBLE TO DETERMINE, OR OTHERWISE OBTAINING AN ADEQUATE REMEDY IS INCONVENIENT
AND THE DAMAGES CALCULATED HEREUNDER CONSTITUTE A REASONABLE APPROXIMATION OF THE HARM OR LOSS. 

  

					
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 SECTION 14. MARKET DISRUPTION 

If a Market Disruption Event has occurred then the parties shall negotiate in good faith to agree on a replacement price for the Floating Price (or on a method
for determining a replacement price for the Floating Price) for the affected Day, and if the parties have not so agreed on or before the second Business Day following the affected Day then the replacement price for the Floating Price shall be
determined within the next two following Business Days with each party obtaining, in good faith and from non-affiliated market participants in the relevant market, two quotes for prices of Gas for the affected Day of a similar quality and quantity
in the geographical location closest in proximity to the Delivery Point and averaging the four quotes. If either party fails to provide two quotes then the average of the other party’s two quotes shall determine the replacement price for the
Floating Price. “Floating Price” means the price or a factor of the price agreed to in the transaction as being based upon a specified index. “Market Disruption Event” means, with respect to an index specified for a transaction,
any of the following events: (a) the failure of the index to announce or publish information necessary for determining the Floating Price; (b) the failure of trading to commence or the permanent discontinuation or material suspension of
trading on the exchange or market acting as the index; (c) the temporary or permanent discontinuance or unavailability of the index; (d) the temporary or permanent closing of any exchange acting as the index; or (e) both parties agree
that a material change in the formula for or the method of determining the Floating Price has occurred. For the purposes of the calculation of a replacement price for the Floating Price, all numbers shall be rounded to three decimal places. If the
fourth decimal number is five or greater, then the third decimal number shall be increased by one and if the fourth decimal number is less than five, then the third decimal number shall remain unchanged. 

SECTION 15. MISCELLANEOUS 
 15.1. This Contract shall be
binding upon and inure to the benefit of the successors, assigns, personal representatives, and heirs of the respective parties hereto, and the covenants, conditions, rights and obligations of this Contract shall run for the full term of this
Contract. No assignment of this Contract, in whole or in part, will be made without the prior written consent of the non-assigning party (and shall not relieve the assigning party from liability hereunder), which consent will not be unreasonably
withheld or delayed; provided, either party may (i) transfer, sell, pledge, encumber, or assign this Contract or the accounts, revenues, or proceeds hereof in connection with any financing or other financial arrangements, or (ii) transfer
its interest to any parent or Affiliate by assignment, merger or otherwise without the prior approval of the other party. Upon any such assignment, transfer and assumption, the transferor shall remain principally liable for and shall not be relieved
of or discharged from any obligations hereunder. 
 15.2. If any provision in this Contract is determined to be invalid, void or unenforceable by any court
having jurisdiction, such determination shall not invalidate, void, or make unenforceable any other provision, agreement or covenant of this Contract. 

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

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

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

15.7. There is no third party beneficiary to this Contract. 

15.8. Each party to this Contract represents and warrants that it has full and complete authority to enter into and perform this Contract. Each person who
executes this Contract on behalf of either party represents and warrants that it has full and complete authority to do so and that such party will be bound thereby. 

15.9. The headings and subheadings contained in this Contract are used solely for convenience and do not constitute a part of this Contract between the parties
and shall not be used to construe or interpret the provisions of this Contract. 
 15.10. Unless the parties have elected on the Base Contract not to make
this Section 15.10 applicable to this Contract, neither party shall disclose directly or indirectly without the prior written consent of the other party the terms of any transaction to a third party (other than the employees, lenders, royalty
owners, counsel, accountants and other agents of the party, or prospective purchasers of all or substantially all of a party’s assets or of any rights under this Contract, provided such persons shall have agreed to keep such terms confidential)
except (i) in order to comply with any applicable law, order, regulation, or exchange rule, (ii) to the extent necessary for the enforcement of this Contract , (iii) to the extent necessary to implement any transaction, (iv) to
the extent necessary to comply with a regulatory agency’s reporting requirements including but not limited to gas cost recovery proceedings; or (v) to the extent such information is delivered to such third party for the sole purpose of
calculating a published index. Each party shall notify the other party of any proceeding of which it is aware which may result in disclosure of the terms of any transaction (other than as permitted hereunder) and use reasonable efforts to prevent or
limit the disclosure. The existence of this Contract is not subject to this confidentiality obligation. Subject to Section 13, the parties shall be entitled to all remedies available at law or in equity to enforce, or seek relief in connection
with this confidentiality obligation. The terms of any transaction hereunder shall be kept confidential by the parties hereto for one year from the expiration of the transaction. 

In the event that disclosure is required by a governmental body or applicable law, the party subject to such requirement may disclose the material terms of
this Contract to the extent so required, but shall promptly notify the other party, prior to disclosure, and shall cooperate (consistent with the disclosing party’s legal obligations) with the other party’s efforts to obtain protective
orders or similar restraints with respect to such disclosure at the expense of the other party. 

  

					
	Copyright © 2006 North American Energy Standards Board, Inc.	  	NAESB Standard 6.3.1
	All Rights Reserved	  	 Page
 11
 of 13	  	September 5, 2006

 15.11. The parties may agree to dispute resolution procedures in Special Provisions attached to the Base Contract
or in a Transaction Confirmation executed in writing by both parties 
 15.12. Any original executed Base Contract, Transaction Confirmation or other related
document may be digitally copied, photocopied, or stored on computer tapes and disks (the “Imaged Agreement”). The Imaged Agreement, if introduced as evidence on paper, the Transaction Confirmation, if introduced as evidence in automated
facsimile form, the recording, if introduced as evidence in its original form, and all computer records of the foregoing, if introduced as evidence in printed format, in any judicial, arbitration, mediation or administrative proceedings will be
admissible as between the parties to the same extent and under the same conditions as other business records originated and maintained in documentary form. Neither Party shall object to the admissibility of the recording, the Transaction
Confirmation, or the Imaged Agreement on the basis that such were not originated or maintained in documentary form. However, nothing herein shall be construed as a waiver of any other objection to the admissibility of such evidence. 

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

  

					
	Copyright © 2006 North American Energy Standards Board, Inc.	  	NAESB Standard 6.3.1
	All Rights Reserved	  	 Page
 12
 of 13	  	September 5, 2006

					
		  	 TRANSACTION CONFIRMATION

FOR IMMEDIATE DELIVERY
	  	EXHIBIT A

  

									
	Letterhead/Logo	 		 		 		 	  

Date:                         
                                ,        
 

Transaction Confirmation #:                    
         
  

	  

This Transaction Confirmation is subject to the Base Contract between Seller and Buyer dated November 25, 2011. The terms of this Transaction Confirmation are
binding unless disputed in writing within 2 Business Days of receipt unless otherwise specified in the Base Contract.

	  

SELLER:
 Cobra Pipeline Company, LTD

Attn: Jessica Carothers
 Phone: 440-255-1945

Fax: 440-255-1985
 Base Contract No.: GNR2013 – IntrastateSales
– Cobra
 Pipeline Company #1

Transporter:                        
                                         
                                 

Transporter Contract
Number:                                        
                                 

 
	 	 	 	  

BUYER:
 Gas Natural Resources, LLC

Attn: Mike Zappitello
 Phone: 440-974-3770

Fax: 440-205-3175
 Base Contract No.: GNR2013 – IntrastateSales
– Cobra Pipeline Company #1

Transporter:                        
                                         
                                  

Transporter Contract
Number:                                        
                                   

	 
	
Contract Price:
$            /MMBtu or                         
                                         
                                         
                                         
                                   

 

	 				 
	 Delivery
Period: Begin:                      ,         

 
	 	 	 	 	 	 	 	End:                      
,         
	 
	Performance Obligation and Contract Quantity: (Select One)
	 		 
	 Firm (Fixed Quantity):

 
             
MMBtus/day
      ̈ EFP
	 	 Firm (Variable Quantity):

 

             MMBtus/day Minimum

             MMBtus/day Maximum

subject to Section 4.2. at election of

 ̈ Buyer or  ̈ Seller

 
	 	 Interruptible:

 
 Up to             
MMBtus/day

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

 

	 
	
Special Conditions:
  

	 	 	 
	Seller:                         
                                         
                                       	 	 	 	Buyer:                         
                                         
                                         

	 	 	 
	By:                          
                                         
                                         
  	 	 	 	By:                          
                                         
                                         
   
	 	 	 
	Title:                          
                                         
                                         
	 	 	 	Title:                         
                                         
                                         
  
	 	 	 
	
Date:                         
                                         
                                         

  
	 	 	 	Date:                    
                                         
                                         
       

  

					
	Copyright © 2006 North American Energy Standards Board, Inc.	  	NAESB Standard 6.3.1
	All Rights Reserved	  	 Page
 13
 of 13	  	September 5, 2006EX-10.2

 Exhibit 10.2 

LEASE AGREEMENT 

THIS LEASE made this 7TH day of OCTOBER, 2013, Mentor,
Ohio by and between 8500 Station Street LLC Ohio Corporation, , (hereinafter called “Landlord”) and OsAir, Inc. (hereinafter called “Tenant”). 

WITNESSETH, that Landlord hereby leases to Tenant and Tenant hereby hires and takes from Landlord certain premises, being
Suite No.113 containing approximately 6,472 square feet of space of space in 8500 STATION STREET LLC, at 8500 Station Street, Mentor, Ohio, 44060. Said premises are hereinafter sometimes referred to as the “Demised
Premises.” Landlord excepts and reserves hallways, stairways, shaftways, elevators and other common areas and common facilities and the right to maintain, use, repair and replace pipes, ducts, wires, meters and any other equipment, machinery,
apparatus and fixtures serving other parts of the said building, including such of them as may occur above the finished ceiling of the Demised Premises or elsewhere within the Demised Premises. 

LEASE TERM 
 1. Landlord leases the
Demised Premises to Tenant and Tenant Leases and agrees to take possession of the same from Landlord, for the term of three years (3), commencing on the 1STday of MARCH,
2013 and terminating on the 28th day of February 2016. 
 RENT 

2. Tenant shall pay to Landlord without demand, deduction or setoff, rent in the aggregate amount of $5,500.00 dollars and 00
cents, in advance on the first day of each month, for the first year of the Lease Term. Said rent shall include all utility charges, except telephone. Payable on or before the first day of each month in advance. 

LANDLORD’S WORK 
 3. NONE 

PAYMENT 
 4. The rents reserved and
all additional and other charges payable by Tenant to Landlord hereunder, shall be paid, in full, when due, in currently available United States funds without deduction, set-off or abatement, to Landlord at 8500 Station Street LLC, 8500 Station St.
Suite 100, Mentor, Ohio 44060. Any such amount not paid when due shall bear interest in favor of Landlord at the rate of ten percent (10%) per annum for the date said amount becomes due until paid in full, not, however, to the exclusion of any
claim for damages or other remedy for breach or default on the part of Tenant hereunder. Any such amount payable with respect to a period of time beginning prior to the commencement or ending after the expiration of the term hereof shall be
apportioned and prorated as of and to the date of the commencement or expiration of the term, as appropriate, and shall be paid accordingly. 

 PERMITTED USE 

5. The Demised Premises may be used only for the purpose of general office space all in accordance with Landlord’s Rules and Regulations,
provided that in no event shall the Demised Premises be used for the operation of a securities dealer, sales, brokerage or investment banking business, without the Landlord’s advance written consent, which Landlord may in its absolute
discretion, withhold. Tenant specifically acknowledges that the Demised Premises shall not be used for any use other than those indigenous to Tenant’s anticipated use, unless approved by Landlord. 

POSSESSION 
 6. The taking of
possession of the Demised Premises by the Tenant shall be conclusive evidence of his acceptance thereof and approval of any and all construction, unless otherwise agreed to in writing by Landlord and Tenant. 

IMPROVEMENTS BY TENANTS 
 7. Tenant
shall not make any additions, improvements or modifications of the Demised Premises, including decorations, without the written consent of Landlord, which shall not be unreasonably withheld. The improvements set forth in Exhibit “A, if
any, shall be constructed by Landlord at its sole expense. All other additions, improvements or modifications (hereinafter referred to as “Improvements by Tenant”) shall be constructed at Tenant’s sole expense upon approval by
landlord. 
 Work will be commenced upon Improvements by Tenant, if any, within fifteen (15) days after the last to occur to the
following: (1) Landlord’s approval of plans and specifications, or (2) Landlord’s notice to Tenant that the Demised Premises are ready for the commencement of Tenant’s work. Improvements by Tenant, which shall include the
removal by Tenant of any debris resulting from said work, shall be completed within thirty (30) days, except for delays due to casualties or other causes beyond Tenant’s reasonable control, and Tenant shall open the Demised Premises for
the permitted uses upon such completion. In all events, the Lease Term shall commence upon the earlier to occur of fourteen (14) business days after the work should be commenced upon the Improvements by Tenant, except for such delays caused by
neglect or omission of Landlord, its agents and employees, or upon the date specified in Section 1 hereof. 
 SECURITY DEPOSIT 

8. Tenant (has)(shall) deposit(ed) with Landlord a Security Deposit in the amount of $000.00 dollars and 00 cents
as security for the punctual performance by Tenant of each and every obligation of Tenant under this Lease. In the event of any default by Tenant, Landlord may apply or retain all or any part of such security to cure the default or to reimburse
Landlord for any sum, which Landlord may spend by reason of the default. In the case of every such application or retention, Tenant shall, on demand, pay to Landlord the sum applied or retained which shall be added to the Security Deposit so that
the same shall be restored to its original amount. If at the end of the Lease Term Tenant shall not be in default under this Lease, the Security Deposit, or any balance thereof, shall be returned to Tenant, without interest. Tenant shall look only
to Landlord, its successors or assigns for return of the Security Deposit. 
 LANDLORD’S COVENANTS 

9. Subject to Section 9 of this Lease, Landlord covenants that it shall perform or furnish, or cause to be performed or furnished, the
following: 
 (a) Such heat and air conditioning to maintain the Demised Premises at comfortable temperatures during the hours of the day
between 8:00 a.m. and 6:00 p.m. Mondays through Fridays inclusive, and 9:00 a.m. to 1:00 p.m. Saturdays (building hours), all days observed by the New York Stock Exchange as legal holidays excepted. 

  
 [2] 

 (b) Common rest rooms, as required by local applicable code. 

(c) Hot and cold water in reasonable amounts to the aforesaid common washrooms and to the Demised Premises. 

(d) Adequate janitorial services to common areas and tenant offices. 

(e) Window washing service as reasonably required. 

(f) Reasonably adequate parking spaces on the grounds appurtenant to 8500 STATION STREET LLC for the use in common, with the other Tenants of
said building and their employees and invitees. 
 (g) Adequate snow removal service for the aforementioned parking spaces and for all
approaches thereto. 
 (h) During business hours, reasonable illumination for all parking areas and footways appurtenant to 8500 STATION
STREET LLC. 
 (i) A Tenant directory in the lobby of the building. Landlord will supply a sign at the door to the Demised Premises, which
will identify the suite number and the identity of the Tenant. Said signs shall be of uniform appearance and design throughout the building, as determined by Landlord. Tenant will not place any sign, marking or designation on the doorway to the
Demised Premises, the building corridors, or on the windows or on the exterior of the Demised Premises unless otherwise agreed in writing by Landlord and Tenant. 

TENANT’S COVENANTS 
 10.
Tenant covenants to and with Landlord as follows: 
 (a) Except for damage by fire or other unavoidable casualty and reasonable use and
wear, Tenant shall keep the Demised Premises in as good order, repair and condition as the same are at the commencement of the Lease Term, or may be put in thereafter, and at the termination of the Lease Term, peaceably yield up and surrender the
Demised Premises and all additions thereto and permanent installations therein in good order, repair and condition, first removing all goods and effects, except those of Landlord, and making any repairs made necessary by such removal, and leaving
the Demised Premises clean and tenantable. 
 (b) Tenant covenants that it shall not injure, overload, deface or commit waste in the Demised
Premises or any part of 8500 STATION STREET LLC, shall not permit therein any auction sale; shall not permit the occurrence of any nuisance therein or the emission therefrom of any objectionable noise, odor or effect; shall not use or permit the use
of the Demised Premises for any purpose other than the permitted uses as herein specified; and shall not use or permit any use of the Demised Premises which is improper, offensive, contrary to law or ordinance, or which is liable to invalidate or
increase the premium for any insurance on 8500 STAION STREET LLC or its contents or which is liable to render necessary any alterations or additions to the building. 

c) Tenant covenants that it shall not obstruct in any manner any portion of the building, or the approaches to said building, or any windows
or doors. 

  
 [3] 

 (d) Tenant covenants that it shall conform to all reasonable rules and regulations now or
hereafter promulgated by Landlord (“Landlord’s Rules and Regulations”) or applicable governmental authorities for the care and use of the building, its facilities and approaches. 

(e) Tenant covenants that it shall keep the Demised Premises equipped with all safety appliances and permits required by law or ordinance or
any order or regulation of any public authority or insurer because of the use made of the Demised Premises by Tenant, and, if requested by Landlord, shall make all repairs, alterations, replacements or additions so required in the Demised Premises.

 (f) Tenant covenants that it shall save Landlord harmless and indemnified from any injury, loss, claim or damage to any person or
property while on or in said Demised Premises and to any person or property anywhere occasioned by any omission, neglect or default of Tenant or of employees, agents, contractors or officers of Tenant. 

(g) Tenant covenants that, except for the negligence of Landlord, its agents and employees, Landlord and Landlord’s agents and employees
shall not be liable for, and Tenant waives all claims for, damage to person or property sustained by Tenant or any person claiming through Tenant resulting from any accident or occurrence in or upon the Demised Premises or the building of which they
shall be a part, or the land appurtenant thereto, including, but not limited to, claims for damage resulting from: (1) any equipment or appurtenances becoming out of repair; (2) injury done or occasioned by wind, rain or other force of
nature; (3) any defect in or failure of plumbing, heating or air conditioning equipment, electric wiring or installation thereof, gas, water, compressed air and steam pipes, stairs, porches, railing or walks; (4) broken glass; (5) the
backing up on any sewer pipe or downspout; (6) the bursting, leaking or running of any tank, tub, washstand, water closet, waste pipe, drain or any other pipe or tank in, upon or about such building or Demised Premises; (7) the escape of
steam, compressed air, natural gas or hot water; (8) water, snow or ice being upon or coming through the roof, skylight, trapdoor, stairs, doorways, walks or any other place upon or near such building or the Demised Premises or otherwise;
(9) falling of any fixture, plaster, tile or stucco; and (10) any act, omission or negligence of co-tenants, licensees or of any other persons or occupants of said building or of persons, occupants and/or owners of adjoining or contiguous
property. The foregoing shall not, however, be construed to relieve Landlord of Landlord’s obligation to promptly take the steps necessary to effect such repairs or to terminate such interruptions in accordance with Landlord’s obligations
set forth herein as promptly and expeditiously as possible. 
 (h) Tenant covenants that it shall permit the Landlord and the
Landlord’s agents to enter and examine the Demised Premises at reasonable times and upon reasonable advance notice except in cases of emergency and, if the Landlord shall so elect to make any repairs or additions the Landlord may reasonable
deem necessary and at the Tenant’s expense, to remove any alterations, additions, signs, antennas or the like, not consented to by the Landlord in writing. 

(i) Tenant covenants that it shall pay the Landlord’s expenses, excluding reasonable attorney’s fees incurred in enforcing any
obligations of Tenant under this Lease, which are not complied with. 
 (j) Tenant covenants that it shall not knowingly permit any employee
or visitor of the Tenant to violate any covenant or obligation of the Tenant hereunder. 

  
 [4] 

 (k) Tenant covenants that, in case the Tenant takes possession of the Demised Premises prior to
the commencement of said term, it shall perform and observe all of the Tenant’s covenants from and after the date upon which the Tenant takes possession. 

(l) Tenant covenants that it shall not assign this Lease or sublet any portion of the Demised Premises or enter into a space-sharing agreement
without prior written consent of Landlord, such consent not to be unreasonably withheld, or mortgage or hypothecate this lease or license the Demised Premises or any portion thereof. No operation of law, including merger or consolidation, shall be
effective to create an assignment or transfer without the written consent of Landlord, which shall not be unreasonably withheld. 
 (m)
Tenant covenants that it shall not make any alterations or additions in or to the Demised Premises without the prior written consent of Landlord. 

(n) Tenant covenants that it shall not erect or paint on any sign or other identification on any exterior window, any corridor or door to the
exterior or door to a corridor or other common area. 
 (o) Tenant covenants that it shall not misuse or abuse the plumbing system in the
Demised Premises and shall be responsible for the cost of clearing discharge lines of objects or other material causing stoppage thereof, if such stoppage shall have been caused by Tenant or any of tenant’s invitees, agents or employees. 

(p) Tenant shall maintain, in responsible companies approved by Landlord, liability insurance insuring Landlord and Tenant as their interest
may appear against all claims, demands or actions for injury to or death of any one person in an amount of not less than One Hundred Thousand Dollars ($100,000) arising from one occurrence, and for injury to and/or death of more than one
person arising from one occurrence in an amount of not less the Three Hundred Thousand Dollars ($300,000.), and for damage to property in an amount of not less than Fifty Thousand Dollars ($50,000.), made by or on behalf of any person
or persons, firm or corporation, arising from, related to or connected with the conduct and operation of Tenant’s business in the Demised Premises. Landlord may require copies of said insurance policies to be filed with it. 

(q) Tenant shall supply all light bulbs and fluorescent lights for the Demised Premises other than the initial light bulbs and fluorescent
lights for the fixtures installed by Landlord, which initial lighting shall be furnished by Landlord at no expense to Tenant. 
 FORCE MAJEURE

 11. Landlord shall not be liable to anyone for the cessation of or interruption of any service, including public utility services,
rendered to Tenant pursuant to the Lease due to accident, or due to the making of repairs, alterations or improvements, or due to labor difficulties, or due to inability to obtain fuel, electricity, services or supplies from the sources from which
they are usually obtained for the Match Works, or for any other reason whatsoever. Any such interruption of any of the above services shall never be deemed in eviction or disturbance of the Tenant’s use of the Demised Premises or any part
thereof, or render the Landlord liable to the Tenant for damage, or relieve the Tenant from performance of the Tenant’s obligations under this Lease. Landlord, however, shall promptly take the necessary steps to terminate such interruptions as
expeditiously as possible under the circumstances. 

  
 [5] 

 DISPLAY OF PREMISES 

12. Tenant covenants and agrees that, for the period of three months prior to the expiration of the term of this lease; Landlord may show the
Demised Premises and all parts thereof to prospective tenants between the hours of 9:00 a.m. and 6:00 p.m. on any day. 
 SUBORDINATION 

13. This Lease shall be subject to and subordinate to any mortgages, easements or trust deeds that may hereafter be placed upon 8500 STATION
STREET LLC and/or the land thereunder and all advances to be made under such mortgages or trust deeds and to the interest thereon, and all renewals, extensions and consolidations thereof. Tenant covenants that it shall execute and deliver whatever
instruments may be required to acknowledge such subordination in recordable form, and in the event Tenant fails to do so within ten (10) day after demand in writing, Tenant does hereby make, constitute and irrevocable appoint Landlord as its
attorney in fact and in its name, place and stead so to do. Tenant acknowledges that said power of attorney is irrevocable and coupled with an interest. No easement created by Landlord shall in any way interfere with or disturb Tenants right of
quiet enjoyment of the premises as hereinafter set forth. 
 ESTOPPEL CERTIFICATES 

14. At any time and from time to time, Tenant agrees, upon request in writing from Landlord, to execute, acknowledge and deliver to Landlord a
statement in writing certifying that this Lease is unmodified and in full force and effect (or if there have been modifications, that the same is in full force as modified and stating the modifications) and the dates to which the rent and other
charges have been paid. 
 BROKERAGE 

15. Tenant warrants that it has had no dealings with any broker or agent other than Landlord’s representative in connection with this
Lease and covenants to pay, hold harmless and indemnify Landlord from and against any and all cost, expense or liability for any compensation, commissions and charges claimed by any broker or agent other than Landlord’s personnel with respect
to this Lease or the negotiation thereof. 
 POSSESSION 

16. If the Landlord shall be unable to give possession of the Demised Premises on the date of the commencement of the term hereof by reason of
substantial incompletion of the construction of the Demised Premises or the holding over of any tenant or tenants or for any other reason beyond the control of the Landlord, then the rent shall not commence until possession of the premises is given
or is available and the Tenant agrees to accept such allowance and abatement of rent as liquidated damages in full satisfaction for the failure of the Landlord to give possession of said premises on the commencement date and to the exclusion of all
claims and rights which the Tenant may otherwise have by reason of possession of the Demised Premises not being given on the commencement date of the term hereof. No such failure to give possession on the date of the commencement of the term shall
in any event, extend or be deemed to extend, the term of this Lease. In the event that Tenant shall occupy the Demised Premises or a portion thereof prior to the term of this Lease with the Landlord’s consent, all the provisions of this Lease
shall be in full force and effect as soon as the Tenant occupies the said premises, and rent shall be charged on a per diem basis at the rates specified in Section 2. Hereof for the period prior to the commencement date of this Lease. 

  
 [6] 

 HOLDING OVER 

17. Should the Tenant remain in possession of said premises after the date of the expiration of this Lease with or without the consent of the
Landlord, then unless a new written lease agreement shall have been entered into between the parties hereto, the Tenant shall be a tenant from month-to-month, and such tenancy shall be otherwise subject to all the covenants and conditions of this
Lease, except that the rent shall be at one hundred twenty-five percent (125%) of the monthly rate set forth in this Lease, unless otherwise agreed upon. 

UNTENANTABILITY 
 18. If the
Demised Premises or the building in which they are located are made unfit for occupancy by the elements, fire or other cause, the Landlord may elect to terminate this Lease as of the time when the premises or building are made unfit for occupancy,
by notice to the Tenant within forty five (45) days after that occurrence. In the alternative, Landlord may elect to repair the building or the premises at the Landlord’s expense within ninety (90) days after the Landlord is enabled
to take possession of the damaged premises and undertake reconstruction or repairs, in which event this Lease shall not terminate, but rent shall be abated on a per diem basis, prorata, for the portion of the Demised Premises rendered unfit for
occupancy. If the Landlord elects to so repair, restore or rehabilitate the building or the premises and does not substantially compete the work within said ninety (90) days period, excluding from said period loss of time caused by the delay
beyond the control of the Landlord, then either party may terminate this Lease as of the time when the premises or the building were made unfit for occupancy, by notice to the other party not later than thirty (30) days after expiration of said
ninety (90) day period, as so computed. In the event of termination of the Lease pursuant to this section, rent, including any escalation thereof, shall be apportioned on a per diem basis and shall be paid to the date of termination. 

Anything herein stated to the contrary notwithstanding, in the event that the building in which the Demised Premises are located shall be
damaged in any way whatsoever, and the estimated cost of repairing such damage shall exceed one-half (1/2) of the value of the building at the time of the happening of such damage by reason of such damage, the Landlord may decide to demolish
said building and rebuild the same and, in such event, the Landlord shall have the right to terminate this Lease by giving to the Tenant thirty (30) days’ written notice of such termination. 

FIRE AND CASUALTY INSURANCE 
 19.
Insofar as it is able to do so without invalidating the fire and extended coverage insurance on the Demised Premises, Landlord agrees to and does hereby waive all rights of recovery and causes of action against Tenant, its employees, servants,
agents and all parties claiming through or under the Tenant for any damage to the Demised Premises and the building in which they are located, caused by any of the perils covered by fire and extended coverage insurance policies, notwithstanding the
fact that said damage to or destruction of said building and the Demised Premises by fire or other casualty shall be due to the negligence of Tenant. If the premium paid by the Landlord for said fire and extended coverage insurance during the term
of this Lease are increased by reason of the foregoing, then Tenant has the option to pay said increase. Tenant’s failure to pay said increase in insurance premiums, if any, after reasonable notice of Tenant, shall render the Landlord’s
waiver, as contained in this section, null and void. 

  
 [7] 

 Tenant agrees to and does hereby waive all rights of recovery and causes of action against the
Landlord and all parties claiming through or under the Landlord by reason of any fire and extended coverage insurance policies, for any damage to the Demised Premises, leasehold improvements or personal property contained therein, notwithstanding
the fact that said damage to or destruction of said Tenant’s property by fire or other casualty shall be due to the negligence of the Landlord. Said waiver by Tenant is and shall continue in full force and effect, irrespective of an increase in
Tenant’s fire and extended coverage insurance. Tenant shall cause an appropriate rider to be affixed to his fire and extended coverage insurance policies, whereby Tenant’s insurer shall waive all rights of recovery or causes of action
against Landlord arising from the payment of any damage or loss sustained by Tenant. 
 EMINENT DOMAIN 

20. If the whole or any part of the Demised Premises shall be condemned or taken for any public or quasi public use or conveyed to a public
authority or quasi public authority under threat of condemnation and such taking and conveyance shall render the Demised Premises untenantable, this Lease shall wholly expire on the date that title shall vest in the condemning authority. In no event
whatsoever shall Tenant have any claim against Landlord by reason of condemnation or taking or by reason of a conveyance under threat of condemnation or by taking of the whole or any part of the building or parking areas or associated facilities.
Tenants shall not have any claim to the amount or any portion thereof, which shall be awarded or paid to Landlord as a result of any condemnation or taking. Tenant hereby irrevocably assigns to Landlord all Tenant’s right, title and interest in
and to all amounts awarded or paid by reason of any condemnation or taking or any conveyance under thereat thereof. 
 OPTION TO RENEW 

21. NONE 
 LANDLORD’S REMEDIES

 22. All rights and remedies of the Landlord herein set forth are in addition to any and all rights and remedies allowed by law and
equity. 
 (a) If any voluntary or involuntary petition or similar pleading under any Act of Congress relating to bankruptcy shall be filed
by or against Tenant or if any voluntary or involuntary proceedings in any court or tribunal shall be instituted by or against Tenant to declare Tenant insolvent or unable to pay Tenant’s debts, then and in any such event, Landlord may, if
Landlord so elects, with or without notice of such election and with or without entry or other action by Landlord, forthwith terminate this Lease and, notwithstanding any other provisions of this Lease, Landlord shall forthwith upon termination be
entitled to recover damages in an amount equal to the then present value of the rent reserved in this Lease for the entire residue of the stated term hereof, less the fair rental value of the premises for the residue of the stated term hereof. 

(b) If the Tenant is (i) in default in the payment of rent for ten (10) days, or is (ii) in default of the prompt or full
performance of any other provisions of this Lease after thirty (30) days written notice sent to the Tenant by the Landlord; or if the leasehold interest of the tenant be levied upon under execution or be attached or if the Tenant makes an
assignment for the benefit of creditors, or if a receiver be appointed by or for the Tenant or if the Tenant abandons the Demised Premises, then and in any such event, the Landlord may, if the Landlord so elects, with or without notice of such
election, except as herein provided, with or without demand, forthwith terminate this Lease and the Tenant’s right to possession of the Demised Premises and retake possession of the Demised Premises by self-help or other summary proceeding;
provided, however, that if the Landlord has notified the Tenant to cure non-monetary 

  
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defaults by thirty (30) days notice as above provided and the curing of such defaults cannot be effected within said thirty (30) days period but have been commenced during said thirty
(30) day period, and provided that once begun the Tenant proceeds without delay beyond his control to complete the necessary work to cure said defaults, then the Landlord shall not exercise the rights otherwise contained in this section. 

(c) If the Tenant abandons the Demised Premises or if the Landlord elects to terminate the Tenant’s right to possession only without
terminating the Lease as above provided, the Landlord may remove from the premises any and all property found therein and such repossession shall not release the Tenant from Tenant’s obligation to pay the rent herein reserved. After any such
repossession by Landlord without termination of the Lease, the Landlord may, but need not, relate the Demised Premises or any part thereof as agent of the Tenant to any person, firm or corporation and for such time and upon such terms as the
Landlord, in the Landlord’s sole discretion may determine; the Landlord may make repairs, alterations and additions in and to the Demised Premises and redecorate the same to the extent deemed by the Landlord reasonably necessary or desirable
and the Tenant, upon demand in writing, shall pay the cost thereof, together with the costs of such repairs, alterations, additions, redecorating and expenses. The Tenant shall pay to the Landlord the amount of each monthly deficiency, upon demand
in writing, and if the rent so collected from any such re-letting is more than sufficient to pay the full amount of the rent reserved herein, together with such costs and expenses of Landlord, the Landlord at the end of the stated term of this Lease
shall account for any surplus to the Tenant, upon demand in writing. 
 (d) Any and all property which may be removed from the Demised
Premises by the Landlord, in accordance with the terms of this Lease, may be handled, removed, stored or otherwise disposed of by the Landlord at the risk and expense of the Tenant; the Landlord in no event shall be responsible for the preservation
or safekeeping of, or damage to, Tenant’s property. 
 Tenant shall pay all expenses incurred with such removal and all
storage charges against such property. If any property shall remain upon the Demised Premises or in the possession of the Landlord and shall not be retaken by the Tenant within a period of thirty (30) days from and after the time when the
Demised Premises are either abandoned by the Tenant or repossessed by the Landlord under terms of this Lease, said property shall conclusively be deemed to have been forever abandoned by the Tenant. 

QUIET ENJOYMENT 
 23. So long as
the Tenant pays the rent and all charges to be paid by the Tenant and performs and observes all of the covenants and provisions herein, the Tenant shall quietly enjoy the Demised Premises subject, however, to the terms of this Lease, to the
underlying leases, if any, leasehold mortgage and other mortgages herein mentioned and provided for or any defaults thereunder. 
 WAIVER 

24. No consent or waiver, express or implied, by Landlord to or of any breach of any covenant, condition or duty of Tenant shall be construed
as a consent or waiver to or of any other breach of the same or any other covenant, condition or duty to be observed by Tenant or co-tenant. 

  
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 NOTICE 

25. Any notice from Landlord to Tenant or from Tenant to Landlord shall be deemed duly served if mailed by United States mail, postage prepaid,
addressed, to the Tenant as follows: 8500 Station St Suite 113, Mentor, Oh 44060, if to the Landlord at 8500 Station Street, Suite 100, Mentor, Ohio 44060. Notice shall be deemed given when mailed. 

SUCCESSORS AND ASSIGNS 
 26. This
lease and the covenants and conditions herein contained shall inure to the benefit of and be binding upon Landlord, its successors and assigns, and shall be binding upon Tenant, its successors and assigns, and shall inure to the benefits of Tenant
and only such assignees of Tenant to whom an assignment by Tenant has been consented to in writing by Landlord. 
 ENTIRE AGREEMENT 

27. This Lease contains the entire agreement between the parties hereto; any agreement hereafter or heretofore made shall not operate to
change, modify, terminate or discharge this Lease, in whole or in part, unless such agreement is in writing and signed by each of the parties hereto. Landlord has made no representations or warranties with respect to the Demised Premises, except as
herein expressly set forth. 
 RECORDING 

28. Tenant agrees not to record this Lease. At the request of either party, a memorandum form of this Lease will be prepared in the form
approved by Landlord, executed and filed with the Recorder of Lake County, Ohio. The party requesting the memorandum form shall pay the cost of recording. 

TERMS 
 29. Whenever herein the
singular number is used, the same shall include the plural; and the neuter gender shall include the masculine and feminine genders. 
 This
Lease Agreement is executed as of the date and at the place first above written. 
  

							
	Signed and Acknowledged	 		 	LANDLORD:
	in the Presence of:	 		 	8500 STATION STREET LLC,
				
	/s/ Abby Magnuson	 		 	BY:	 	/s/ Donald R. Whiteman
	(Signature of Witness)	 		 		 	
				
	Abby Magnuson	 		 	ITS:	 	Corporate Controller
	(Printed Name of Witness)	 		 		 	
				
	 	 		 		 	
	(Signature of Witness)	 		 		 	
				
	 	 		 		 	
	(Printed Name of Witness)	 		 		 	

  
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 TENANT: 

OSAIR, INC. 
  

							
	/s/ Holly E. Bralley	 		 	BY:	 	/s/ Richard M. Osborne
	(Signature of Witness)	 		 		 	
				
	Holly E. Bralley	 		 	ITS:	 	Richard M. Osborne
	(Printed Name of Witness)	 		 		 	
				
	 	 		 	BY:	 	 
	(Signature of Witness)	 		 		 	
				
	 	 		 	ITS:	 	 
	(Printed Name of Witness)	 		 		 	

  
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 LANDLORD NOTARY 

 

			
	STATE OF OHIO	  	)
		  	) SS.
	COUNTY OF LAKE	  	)

 BEFORE ME, a Notary Public in and for said county and State personally appeared the above-named
OSAIR INC. by Richard M. Osborne, its President, who acknowledged that he did sign the foregoing instrument and that the same is the free act and deed of said corporation and his free act and deed personally and as such officer. 

IN WITNESS WHEREOF, I have hereunto set my official hand and seal at Mentor, Ohio, this 8th day of October, 2013. 

 

	
	/s/ Holley E. Bralley
	Notary Public

 TENANT NOTARY 
  

			
	STATE OF OHIO	  	)
		  	) SS.
	COUNTY OF LAKE	  	)

 BEFORE ME, a Notary Public in and for said county and State personally appeared the above-named 8500
Station Street, LLC by Donald R. Whiteman, its Corporate Controller, who acknowledged that he did sign the foregoing instrument and that the same is his free and voluntary act and deed. 

IN WITNESS WHEREOF, I have hereunto set my official hand and seal at Mentor, Ohio, this 8th day of October 2013. 

 

	
	/s/ Holley E. Bralley
	Notary Public

  
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