Document:

Amendment No. 1 to the Base Contract for Sale and Purchase of Natural Gas

 Exhibit 10.12(b)  

AMENDMENT NO. 1 TO THE BASE CONTRACT FOR SALE 
 AND PURCHASE OF NATURAL GAS 
 DATED AS OF NOVEMBER 8, 2010

 between 
 CHEVRON NATURAL GAS, A DIVISION OF CHEVRON U.S.A. INC. 
 and

 ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC, AND RESOURCE ENERGY, LLC, 

DATED AS OF JANUARY 6, 2011 

 [GRAPHIC] 
 VIA E-MAIL AND UPS 
 January 6, 2011 

Chevron Natural Gas, a division of Chevron USA Inc. 
 P.O. Box 4700 
 Houston, Texas 77210 
 Attention:         Contract Administration 

E-mail:                ELLZ@chevron.com 

 

	 	RE:	Amendment of NAESB 

 Ladies and
Gentlemen: 
 This letter will confirm the understanding of Atlas Resources, LLC and Chevron Natural Gas, a division of Chevron
U.S.A. Inc., under that certain Base Contract for Sale and Purchase of Natural Gas dated as of November 8, 2010 (including the special provisions and forms of transaction confirmations attached thereto), and that certain Agreement Regarding
Transaction Confirmations between the same parties and dated as of the same date, that the references in each of those agreements to “not more than 60 days following the execution and delivery of the Restructuring Agreements (as defined
below)” be replaced with “not later than January 31, 2011”. For the avoidance of doubt, this letter further confirms the understanding of the parties that such agreements permit the Delivery Period to commence other than on the
first day of a calendar month. 
 Please confirm your agreement with the foregoing by executing a copy of this letter in the
space provided below and returning it via e-mail to Atlas Resources, LLC at jhammond@atlasenergy.com. 
  

			
	Sincerely,
	
	Atlas Resources, LLC
		
	By:	 	/s/ John F. Hammond
		 	John F. (Jay) Hammond
		 	Secretary and Attorney-in-Fact

 INTENDING TO BE
LEGALLY BOUND, the foregoing is acknowledged and agreed to by the undersigned as of the date first set forth above. 
  

			
	 Chevron Natural Gas, a Division of Chevron U.S.A., Inc.

		
	By:	 	/s/ J. Brent Faulk
		 	Name: J. Brent Faulk, Vice President

 cc: T. David Bond
(via e-mail only) 
 [GRAPHIC]Amendment No. 2 to the Base Contract for Sale and Purchase of Natural Gas

 Exhibit 10.12(c)  

AMENDMENT NO. 2 TO THE BASE CONTRACT FOR SALE AND PURCHASE OF 

NATURAL GAS DATED AS OF NOVEMBER 8, 2010 BETWEEN CHEVRON NATURAL 

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

RESOURCES, LLC, AND RESOURCE ENERGY, LLC, DATED AS OF FEBRUARY 2, 2011. 

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED, AS MARKED BY THREE 

ASTERISKS (***), BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS 

BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED 

WITH THE SECURITIES AND EXCHANGE COMMISSION. 
 [Redacted Copy] 
 Specific terms in this exhibit have been redacted, as
marked by three asterisks (***), because 
 confidential 

treatment for those terms has been requested. The redacted material has been separately filed 

with the 

Securities and Exchange Commission. 
 AMENDMENT NO. 2 TO THE BASE CONTRACT FOR SALE AND 
 PURCHASE OF NATURAL
GAS 
 DATED AS OF NOVEMBER 8, 2010 
 between 
 CHEVRON NATURAL GAS, A DIVISION OF CHEVRON U.S.A. INC.

 and 
 ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC, AND RESOURCE ENERGY, LLC, 

DATED AS OF FEBRUARY 2, 2011 

 [GRAPHIC] 
 VIA E-MAIL AND UPS 
 February 2, 2011 

Chevron Natural Gas, a division of Chevron USA Inc. 
 P.O. Box 4700 
 Houston, Texas 77210 
 Attention:         Contract Administration 

E-mail:                ELLZ@chevron.com 

 

	 	RE:	Amendment # 2 of NAESB 

 Ladies
and Gentlemen: 
 This letter will confirm the understanding of Atlas Resources, LLC, Viking Resources, LLC, Resource Energy, LLC
and Chevron Natural Gas, a division of Chevron U.S.A. Inc., under that certain Base Contract for Sale and Purchase of Natural Gas dated as of November 8, 2010 and amended as of January 6, 2011 (including the special provisions and forms of
transaction confirmations attached thereto), and that certain Agreement Regarding Transaction Confirmations between the same parties and dated as of the same date, that: 

 

	 	1.	All references in each of those agreements to “Base Load Firm Volume” are hereby replaced with “Firm Base Load Volume”; 

 

	 	2.	The reference to Section 2.26 on page 1 of the Base Contract is modified by changing the election of the parties from “Section 2.26” to “Spot
Price Publication” and by listing (a) “***” as the Spot Price Publication elected by the parties with respect to Gas at the Columbia, TETCO, NFGS and Dominion Delivery Points, and (b) “***” as the Spot Price
Publication elected by the parties with respect to Gas at the Equitrans Delivery Point. If at any time during Years 1, 2 or 3 a new published price index has been established with respect to any Delivery Point and the parties have agreed upon a
price with respect to Excess Daily Gas at such Delivery Point in accordance with Paragraph 4 of this letter, the reference to Section 2.26 on page 1 of the Base Contract shall be amended with respect to such Delivery Point to reference the
agreed upon Excess Daily Gas price for that Delivery Point; 

  

	 	3.	Clause (a) of the first sentence of Section 2(A) of the “Schedule I — Special Provisions” is hereby amended and restated as follows:
“not later than February 2, 2011, nominate on behalf of Seller the Firm Base Load Volume (as defined below) Contract Quantity of Gas to be supplied, purchased and sold hereunder on a Firm basis per day each Month (denominated in MMBtu/day)
during Year 1 (as defined below), provided that Resources shall have the option to (i) not later than June 1, 2011, nominate on behalf of Seller a revised Firm Base Load Volume Contract Quantity of Gas to be supplied, purchased and
sold hereunder at the TETCO Delivery Point on a Firm basis per day each Month (denominated in MMBtu/day) during the period beginning on July 1, 2011 and ending on March 31, 2012, and (ii) not later than September 1, 2011,
nominate on behalf of Seller a revised Firm Base Load Volume Contract Quantity of Gas to be supplied, purchased and sold hereunder at the TETCO Delivery Point on a Firm basis per day each Month (denominated in MMBtu/day) during the period beginning
on October 1, 2011 and ending on March 31, 2012.”; 

 [GRAPHIC] 

 [GRAPHIC] 

 

	 	4.	The second sentence of Section 3(B) of the “Schedule 1 — Special Provisions” is hereby amended and restated in its entirety as follows:
“Excess Daily Gas shall be priced at the Spot Price (as defined in the Base Contract by reference to the Spot Price Publication in effect as of the date of this letter). If at any time during Years 1, 2 or 3 a new published price index has been
established with respect to any Delivery Point, the parties will attempt to negotiate a mutually-agreeable price with respect to any Excess Daily Gas at such Delivery Point based upon fair market value less a reasonable marketing fee payable to
Seller”; 

  

	 	5.	Section 1 of the second paragraph of the “Agreement Regarding Transaction Confirmations” is hereby amended and restated as follows: “not later than
February 2, 2011, nominate on behalf of the AHD Entities the Firm Base Load Volume Contract Quantity of Gas to be supplied, purchased and sold hereunder pursuant to the Transaction Confirmation during Year 1, provided that Resources
shall have the option to (i) not later than June 1, 2011, nominate on behalf of the AHD Entities a revised Firm Base Load Volume Contract Quantity of Gas to be supplied, purchased and sold at the TETCO Delivery Point pursuant to the
Transaction Confirmation during the period beginning on July 1, 2011 and ending on March 31, 2012, and (ii) not later than September 1, 2011, nominate on behalf of the AHD Entities a revised Firm Base Load Volume Contract
Quantity of Gas to be supplied, purchased and sold at the TETCO Delivery Point pursuant to the Transaction Confirmation during the period beginning on October 1, 2011 and ending on March 31, 2012; and 

 

	 	6.	The last sentence of the last paragraph of the “Agreement Regarding Transaction Confirmations” is hereby amended by adding the words “on February 2,
2011” at the end of the sentence. 

 [GRAPHIC] 

 [GRAPHIC] 
 Please confirm your agreement with the foregoing by executing a copy of this letter in the space provided below and returning it via e-mail to Atlas Resources, LLC at jhammond@atlasenergy.com. 

 

					
	Sincerely,
	
	 Atlas Resources, LLC, Viking Resources, LLC and
 Resource Energy, LLC (severally and not jointly)

		
	By:	 	/s/ Matthew A. Jones
		 	Name:	 	Matthew A. Jones
		 	Title:	 	Chief Financial Officer

 INTENDING TO BE LEGALLY
BOUND, the foregoing is acknowledged and agreed to by the undersigned as of the date first set forth above. 
  

					
	Chevron Natural Gas, a Division of Chevron U.S.A., Inc.
		
	By:	 	/s/ J. Brent Faulk
		 	Name:	 	J. Brent Faulk
		 	Title:	 	Vice President Trading CNG

 [GRAPHIC]Transaction Confirmation

 Exhibit 10.13  

TRANSACTION CONFIRMATION, SUPPLY CONTRACT NO. 0001, UNDER BASE 

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

8, 2010 BETWEEN CHEVRON NATURAL GAS, A DIVISION OF CHEVRON U.S.A. INC. 

AND ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC, AND RESOURCE ENERGY, 

LLC, DATED FEBRUARY 17, 2011. SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN 

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

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

COMMISSION. 

[Redacted Copy] 
 Specific terms in this exhibit have been redacted, as marked by three asterisks (***), because 
 confidential 
 treatment for those terms has been requested. The redacted
material has been separately filed 
 with the 
 Securities and Exchange Commission. 
 TRANSACTION CONFIRMATION, SUPPLY
CONTRACT NO. 0001, UNDER BASE 
 CONTRACT 
 FOR SALE AND PURCHASE OF NATURAL GAS 
 DATED AS OF NOVEMBER 8, 2010

 between 
 CHEVRON NATURAL GAS, A DIVISION OF CHEVRON U.S.A. INC. 
 and

 ATLAS RESOURCES, LLC, VIKING RESOURCES, LLC, AND RESOURCE ENERGY, LLC, 

DATED FEBRUARY 17, 2011 

 TRANSACTION CONFIRMATION 

FOR IMMEDIATE DELIVERY 
 SUPPLY CONTRACT NO. 0001 
  

			
		 	 Date: February 17, 2011

		
		 	Transaction Confirmation #: 2011-02-17-YRIA

 This Transaction
Confirmation is subject to the Base Contract between Seller and Buyer dated November 8, 2010. The terms of this Transaction Confirmation are binding unless disputed in writing within 2 Business Days of receipt unless otherwise specified in the
Base Contract. 
  

			
	SELLER:	  	BUYER:
	Atlas Resources, LLC, Viking Resources, LLC and	  	Chevron Natural Gas, a division of Chevron USA, Inc.
	Resource Energy, LLC (“Atlas”)	  	Attn: Confirmation Department
	Attn: Bill Kurtz, Gas Marketing	  	Phone: 832-854-5110
	Phone: (330) 339-3155 x112	  	Fax: 832-854-3292
	Fax: (330) 339-5825	  	Base Contract No. 0001
	Base Contract No. 0001	  	Transporter: Various
	Transporter: Various	  	Transporter Contract Number: Various
	Transporter Contract Number: Various	  	
	Contract Price: See Special Provisions for Pricing Terms	  	
	Delivery Period: See Special Provisions	  	End: See Special Provisions

 Performance Obligation and
Contract Quantity: (Select as appropriate; Closing occurred on February 17, 2011) 
 Year: 

þ Year 1 (Closing through March 31, 2012) 
  ̈ Year 2 (12 months to 24 months following the Closing) 
  ̈ Year 3 (24 months to 36 months following the Closing) 
 Firm Base Load Volume: þ 
 See Annex
1 attached. 
 Excess Daily Gas:  ̈ 

                MMBtus/day 

Delivery Point(s): See Special Provisions 

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

	*	Firm (Variable Quantity) subject to Special Provisions 

									
	Seller: Atlas Resources, LLC, Viking Resources, LLC and Resource Energy, LLC. (severally and not jointly)	 		 	Buyer: Chevron Natural Gas, a division of Chevron USA Inc.
					
	By:	 	/s/ Jeffrey C. Simmons	 		 	By:	 	/s/ J. Brent Faulk
		 	Name: Jeffrey C. Simmons	 		 		 	Name: J. Brent Faulk
		 	Title: Executive Vice President and Vice President	 		 		 	Title: Vice President
			
	Date: February 17, 2011	 		 	Date: February 17, 2011

  

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

  
 Page 1of 2

 Annex 1 

 

															
	 Gross
 MMBtu/d
	  	Period Ending
	  	2/28/2011	 	3/31/2011	 	4/30/2011	 	5/31/2011	 	6/30/2011	 	7/31/2011	 	8/31/2011
	 Equitrans
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 Columbia
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 TETCO
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 NFGS
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 Dominion
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
		
	 Gross
 MMBtu/d
	  	Period Ending
	  	9/30/2011	 	10/31/2011	 	11/30/2011	 	12/31/2011	 	1/31/2012	 	2/29/2012	 	3/31/2012
	 Equitrans
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 Columbia
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 TETCO
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 NFGS
	  	***	 	***	 	***	 	***	 	***	 	***	 	***
	 Dominion
	  	***	 	***	 	***	 	***	 	***	 	***	 	***

  

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

  
 Page 2 of 2

 SCHEDULE I 
 SPECIAL PROVISIONS 
 Attached to and Forming Part of 

That certain Transaction Confirmation — SUPPLY CONTRACT NO. 0001 

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

or 

“Seller”) 

and 
 Chevron
Natural Gas, a division of Chevron U.S.A. Inc. (“Chevron” or “Buyer”) 
 Dated as of February 17, 2011

 These Special Provisions hereby modify, supplement and amend the Transaction Confirmation — SUPPLY CONTRACT NO. 0001,
dated and ratified as of the date hereof (the “Transaction Confirmation”), and, solely to the extent described in these Special Provisions with respect to the transaction(s) contemplated by the Transaction Confirmation, the Base Contract
between the parties referenced in the Transaction Confirmation. All capitalized terms not otherwise defined herein shall have the meaning set forth in the Base Contract between the parties referenced in the Transaction Confirmation. 

1. Amendments to Section 2 of the Base Contract: Section 2 is amended by adding the following new definitions in alphabetical
order: 
 “NYMEX Contract Price” means a per MMBtu price equal to the NYMEX Settle Price, plus ***. 

“NYMEX Settle Price” means a per MMBtu price equal to the NYMEX last day settle price of one MMBtu of Gas for the next delivery
Month. 
 2. Amendments of Section 4 of the Base Contract.  

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

  
 Page 1 of 4

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

							
	 Delivery Point
	  	 Year 1 Base Load Volume
	  	Year 2 Base Load Volume	  	Year 3 Base Load Volume
	Equitrans	  	***	  	***	  	***
	Columbia	  	***	  	***	  	***
	TETCO	  	***	  	***	  	***
	NFGS	  	***	  	***	  	***
	Dominion	  	***	  	***	  	***

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

  
 Page 2 of 4

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

									
	Atlas Resources, LLC, Viking Resources, LLC and Resource Energy, LLC. (severally and not jointly)	 		 	Chevron Natural Gas, a division of Chevron U.S.A. Inc.
					
	By:	 	/s/ Matthew A. Jones	 		 	By:	 	/s/ J. Brent Faulk
		 	Name: Matthew A. Jones	 		 		 	Name: J. Brent Faulk
		 	Title: Chief Financial Officer	 		 		 	Title: Vice President

  
 Page 3 of 4

 Attachment 1 
 Delivery Points 
 ***

  
 Page 4 of 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}]]