Document:

Exhibit 10.03 - Independent Contractor Agreement

Exhibit 10.03
INDEPENDENT CONTRACTOR AGREEMENT
THIS INDEPENDENT CONTRACTOR AGREEMENT (“Agreement”) is effective as of February 1, 2015 (the “Effective Date”), by and between SCANA Services, Inc. (“SCANA”), a subsidiary of SCANA Corporation, and George J. Bullwinkel, Jr. (“Contractor”), pursuant to which Contractor will provide services, as set forth below, to assist SCANA under the terms and conditions and for the consideration set forth below.
RECITALS
WHEREAS, Contractor previously served as the President and Chief Operating Officer of SCANA Communications, Inc., a subsidiary of SCANA Corporation; and Senior Vice President of SCANA Corporation and its subsidiary SCANA Services, Inc., prior to his retirement, which became effective  on February 1, 2015 (the “Retirement Date”). 
WHEREAS, SCANA desires to engage Contractor post-retirement as an independent contractor and not as an employee of SCANA, SCANA Corporation or any of their affiliates, for the purpose of providing advice and assistance on issues that may arise concerning the sales of SCANA Communications, Inc., and Carolina Gas Transmission Corporation. 
WHEREAS, SCANA does not seek and does not assert any control over the day-to-day activities of Contractor in performing the services necessary to accomplish the objectives set forth in this Agreement. Further, Contractor will be solely responsible for scheduling his work hours to timely accomplish the objectives described in this Agreement, subject to the limitations described in this Agreement. SCANA is concerned only with the results and not the manner in which Contractor goes about his work. 
WHEREAS, Contractor possess the requisite skills, training, and expertise to perform the services called for under this Agreement, and Contractor wishes to perform services based on the terms and conditions in this Agreement.
WHEREAS, Contractor understands that he will be performing services under this Agreement as an independent contractor and not as an employee of SCANA and, therefore, will be solely responsible for all federal and state tax obligations imposed with respect to payments received from SCANA. Further, SCANA will not pay any Federal Insurance Contributions Act (“FICA”) taxes or Federal Unemployment Tax Act (“FUTA”) taxes, will not withhold or pay any income tax withholding or FICA taxes on Contractor’s behalf, and will not cover Contractor for workers’ compensation purposes. Contractor is a fully independent contractor offering services to SCANA and the general public and, therefore, is able to perform work for companies other than SCANA. 
WHEREAS, Contractor agrees to release and indemnify SCANA of any and all liability for any claim for workers’ compensation benefits, any claim for compensation or any tax liabilities or consequences which could arise out of Contractor’s failure to pay compensation or withhold taxes from any employee’s pay in accordance with state or federal law.
THEREFORE, in consideration of the mutual promises set forth in this Agreement, SCANA and Contractor agree as follows:

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ARTICLE I
TERMS AND TERMINATION
		
	1.1
	Term of Agreement

This Agreement will take effect on the Effective Date, and continue in full force and effect through December 31, 2015 (the “Contract Period”), unless terminated on an earlier date in accordance with Section 1.2 of this Agreement. 
		
	1.2
	Termination of Agreement

SCANA may terminate this Agreement immediately if it determines that Contractor lacks the skills necessary to accomplish the objectives contracted for by SCANA, Contractor’s work fails to meet the expectations of SCANA, or Contractor breaches any term of this Agreement. Notwithstanding the foregoing, this Agreement will terminate pursuant to its own terms in accordance with Section 1.1 of this Agreement. 
ARTICLE II
STATUS AS INDEPENDENT CONTRACTOR
		
	2.1
	Duties and Responsibilities of Contractor

During the Contract Period, in addition to performing any other consulting services that SCANA and Contractor may from time to time agree upon, and subject to the limitations set forth in this Agreement, Contractor shall provide advice and assistance on issues that may arise concerning the sales of SCANA Communications, Inc., and Carolina Gas Transmission Corporation.  Contractor shall carry out his responsibilities and perform the services pursuant to this Agreement in a faithful and diligent manner. 
SCANA and Contractor do not anticipate or intend for Contractor’s Services to exceed 20% of the average level of services provided by Contractor to SCANA over the 36-month period preceding the Retirement Date, and it is intended that Contractor’s change in status from President of SCANA Communications, Inc. and Senior Vice President of SCANA Corporation to Contractor will be a “separation from service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and the regulations thereunder. Further, in no event shall Contractor provide services at a level that would invalidate Contractor’s “separation from service” from SCANA Communications, Inc. and SCANA Corporation for purposes of Section 409A of the Code.
Nothing in this Agreement will preclude Contractor from engaging in other business ventures or services so long as Contractor is not otherwise in breach of this Agreement or any other agreement Contractor may have with SCANA, and Contractor will have complete control over the manner and means by which Contractor’s services are performed under this Agreement. SCANA acknowledges that Contractor has or may have other clients. 

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	2.2
	Consideration

As full consideration for Contractor’s services, SCANA shall pay Contractor a total of $230,000 (the “Service Fees”), to be paid monthly in arrears; provided that payment of the first five monthly Service Fees shall be paid with the Service Fees of the sixth month (i.e., the first six months of Service Fees shall be paid in one installment as soon as practicable after the six month anniversary of the Effective Date). 
		
	2.3
	Status of Contractor as Independent Contractor

Contractor understands that for all purposes under this Agreement, he will operate as an independent contractor. Accordingly, the following provisions will apply:
		
	2.3.1
	Contractor shall choose the time, location, and manner in which all services are performed, according to his own judgment, as long as the objectives set forth in this Agreement are met in a satisfactory manner. SCANA does not have the right to control the details and means by which Contractor’s services are rendered. SCANA only seeks the benefits of the results of Contractor’s efforts and, except as otherwise provided in this Agreement, Contractor assumes and retains discretion for the methods, details, means, techniques and procedures to be utilized in the performance of Contractor’s services covered by this Agreement. In particular, SCANA has no right or authority to direct or control Contractor regarding the number of hours worked, place of work, or dates of work (except as set forth in Section 2.1 of this Agreement). 

		
	2.3.2
	Contractor expressly agrees that he shall not be considered an employee of SCANA for any purpose associated with the performance under this Agreement. Contractor shall sign and submit the form attached as ADDENDUM I prior to beginning work covered by this Agreement. Both SCANA and Contractor acknowledge that, without this Agreement, no relationship or other requirements exists between them; and that pursuant to this Agreement, Contractor is an independent contractor. None of the benefits that SCANA provides to its employees will be available to Contractor (or his employees, if any). This provision in no way voids or adversely affects Contractor’s rights to benefits he earned and to which he was fully vested while he was an employee of any affiliate of SCANA Corporation prior to the Effective Date. In addition, if a court, the Internal Revenue Service, or any other enforcement authority or agency determines that Contractor should be reclassified as an employee of SCANA or one of its affiliates, Contractor specifically agrees and understands that such determination will not have a retroactive effect for purposes of eligibility to participate in any employee benefit plan of SCANA, even if such determination is applicable to prior years. 

		
	2.3.3
	For all tax purposes, including but not limited to, FICA; the Social Security Act; the Immigration Reform and Control Act; FUTA; income tax withholdings; and any and all other federal, state, or local laws, rules, and regulations, Contractor 

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and each of his employees, if any, will be treated as independent contractors and not employees of SCANA.
		
	2.3.4
	Contractor acknowledges and agrees that he shall be responsible for filing all tax returns, tax declarations, tax schedules, and for the payment of all taxes required when due with respect to any and all compensation derived from the services performed under this Agreement.

		
	2.3.5
	Contractor agrees to indemnify and hold SCANA (including its officers, managers, employees, and agents) harmless against any and all claims, losses, liabilities, damages, and expenses arising out of, or as a result of, any work performed by Contractor while acting pursuant to this Agreement, except for any and all claims, losses, liabilities, damages and expenses directly arising out of the negligence of SCANA, up to the limits of any insurance coverage. SCANA agrees to indemnify and hold Contractor harmless against any and all claims, losses, liabilities, damages and expenses directly arising out of the negligence (including ordinary or gross negligence) of SCANA or out of any reckless or intentional acts of SCANA. 

		
	2.4
	Training by SCANA 

SCANA acknowledges Contractor’s existing training, skills, and experience as related to the objectives in this Agreement to be completed. Contractor represents that his employees, if any, are fully trained to perform the services contracted for and that they are not in need of any training by SCANA. Therefore, SCANA will not provide Contractor or his employees, if any, with any training related to the objectives in this Agreement.
		
	2.5
	Contractor’s Assistants

Contractor shall have the right to engage assistants in completing the duties set forth in this Agreement as he deems appropriate. Contractor shall be responsible for paying any and all compensation and any applicable employment taxes that might be owed on account of any such employees or assistants, and Contractor shall indemnify and hold SCANA harmless against any such liabilities. Contractor agrees to provide his employees and assistants with workers’ compensation coverage.
		
	2.6
	Contractor’s Access to SCANA Employees

SCANA acknowledges it may be beneficial for Contractor to interact with certain SCANA employees during the performance of this Agreement. Therefore, SCANA agrees to make certain employees available to Contractor only for advisory and administrative purposes. Any individual employed by SCANA will not be considered an “assistant” of Contractor as described in Section 2.5 of this Agreement, nor will Contractor have any input into any personnel action of a SCANA employee advising him or providing administrative support to him in relation to this Agreement.

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	2.7
	Tools and Materials and Equipment

Contractor must furnish all tools, all materials, and all other equipment necessary to perform the services contracted for under this Agreement.
		
	2.8
	No Representations/Commitments

Contractor will not make any representation, warranty, agreement or commitment on behalf of SCANA without the advance written authorization of SCANA.
		
	2.9
	Confidentiality

Contractor acknowledges that, in order to successfully perform the services described in this Agreement, it is necessary for SCANA to entrust Contractor with certain valuable proprietary information and knowledge of certain modes of business operation, and particular information concerning the affairs, practices, and other information concerning SCANA (“Confidential Information”). Contractor acknowledges that he has acquired or will acquire Confidential Information in the course of or incident to performing services under this Agreement and Contractor agrees that neither he nor his employees or any third person or firm engaged by Contractor will directly or indirectly, at any time, during or after the term of this Agreement use or cause to be used any such Confidential Information in connection with any activity or business other than the business contemplated by this Agreement for SCANA. Contractor (on behalf of himself, his employees, and any person or firm he engages) also agrees that Contractor and his employees will not disclose such Confidential Information to any other party unless such disclosure has been authorized in writing by SCANA or SCANA Corporation, except (i) as may be required by any applicable law or by order of a court of competent jurisdiction or a government body, (ii) to the extent that such information has been made public, or (iii) to the extent lawfully received from a third party without confidentiality or use restrictions. Upon the termination of this Agreement for any reason, Contractor and its employees and any person or firm engaged by Contractor agree that each immediately will return to SCANA, any and all Confidential Information and all other materials (including computers, fax machines, printers, cell phone and other equipment) or documents, including without limitation mailing lists, rolodexes, computer print-outs, and computer disks and tapes belonging to SCANA which contain information pertaining to SCANA’s business, methods, customers, potential customers or employees unless SCANA agrees in writing to Contractor’s retention thereof.
ARTICLE 3
GENERAL PROVISIONS
		
	3.1
	Governed by South Carolina Law

This Agreement will be governed by the laws of the State of South Carolina and the United States.

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	3.2
	Notices

Any notice required or permitted under the Agreement will be in writing and sent to the other party by first class mail at the address below or to such other address as a party to this Agreement may specify in writing.
SCANA                     Contractor
Martin K. Phalen                George J. Bullwinkel, Jr. 
Mail Code D311                [                                     ]
100 SCANA Parkway                [                                     ]
Cayce, SC 29201                
[                           ]
		
	3.3
	Entire Agreement

This Agreement, including any Addendums, constitutes the entire agreement between the parties on the subject matter of the Agreement and supersedes and replaces any and all previous agreements on that subject matter, either oral or written. Notwithstanding the foregoing, Contractor will be entitled to all compensation or benefits for which he is entitled pursuant to the terms of any SCANA benefit plans in which he was fully vested while an employee of SCANA. No modifications, amendments, or changes to this Agreement will be binding on the parties unless and until the parties have approved the modifications in writing.
		
	3.4
	Severability/Blue Pencil

If any provision of this Agreement is found, held, or deemed to be void, unlawful, or unenforceable for any reason, then such invalid or unenforceable section will be removed and not affect the other parts of this Agreement, which parts will remain in full force and effect. If a court should determine that any portion of this Agreement is overbroad or unreasonable, such provision will be given effect to the maximum extent possible by narrowing or enforcing in part that aspect of the provision found to be overbroad or unreasonable.
		
	3.5
	Waivers Not Continuing

No breach of any provision of this Agreement can be waived unless in writing. Waiver of any breach of any provision will not be deemed to be a waiver of any further breach of the same or any other provision of this Agreement.
		
	3.6
	Assignability

SCANA may transfer or assign this Agreement (in whole or in part) to any subsidiary or affiliate of SCANA or to any entity with which SCANA may be merged or consolidated, or which may acquire substantially all of the existing business of SCANA. This Agreement will inure to the benefit of and will be binding upon the successors or 

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permitted assigns of SCANA. If this Agreement is assigned in accordance with the foregoing provisions, all references in this Agreement to SCANA will likewise be deemed to be references to the successor or assignee. Contractor may not transfer, assign, or otherwise convey this Agreement or any part of Contractor’s interest in this Agreement.
		
	3.7
	Laws

Contractor agrees to be responsible for compliance with all federal, state and local laws, rules and regulations applicable to its performance of this contract. 
		
	3.8
	Use of SCANA’s Name or Logo

Contractor shall not use SCANA’s name or logo as a reference or for any other purpose without prior consent from an authorized representative of SCANA. 
		
	3.9
	Reports

Contractor shall furnish SCANA periodic reports of the progress of the work, if requested by SCANA. Such reports shall be made as frequently as requested and in the form prescribed by SCANA.
		
	3.10
	Work for Hire

Contractor agrees that all copyrightable material, notes, records, drawings, designs, inventions, improvements, developments, discoveries and trade secrets conceived, discovered, developed or reduced to practice by Contractor, solely or in collaboration with others, during the Contract Period that substantially relate to the business of SCANA (and/or its products and services) that Contractor may be directed to undertake, investigate or experiment with or that Contractor may become associated with in work, investigation or experimentation in SCANA’s line of business in performing Contractor Services under this Agreement (collectively, “Inventions”), are the sole property of SCANA. Contractor also agrees to assign (or cause to be assigned) and hereby assigns fully to SCANA all Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating to all Inventions at the expense of SCANA. Contractor agrees to assist SCANA, or its designee, at SCANA’s expense, in every proper way to secure SCANA’s rights in Inventions and any copyrights, patents, mask work rights or other intellectual property rights relating to all Inventions in any and all countries, including the disclosure to SCANA of all pertinent information and data with respect to all Inventions, the execution of all applications, specifications, oaths, assignments and all other instruments that SCANA may deem necessary in order to apply for and obtain such rights and in order to assign and convey to SCANA, its successors, assigns and nominees the sole and exclusive right, title and interest in and to all Inventions, and any copyrights, patents, mask work rights or other intellectual property rights relating to all Inventions. Contractor also agrees that Contractor’s obligation to execute or cause to be executed any such instrument or papers shall continue after the termination of the Contract Period.

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	3.11
	Additional Terms and Conditions

Contractor agrees to abide by the attached General Terms and Conditions For Purchases That Include Services to the extent they are consistent with this Agreement.  In the case of an inconsistency the terms of this Agreement will control.
		
	3.12
	Modification

This Agreement may be modified at any time by mutual written agreement of the parties. 
    

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IN WITNESS WHEREOF, the parties execute this Independent Contractor Agreement as of February 1, 2015.
SCANA SERVICES, INC. 

By:    /s/Martin K. Phalen            
Title:     Senior Vice President – SCANA Admin.    2/3/15

CONTRACTOR 

/s/George J. Bullwinkel, Jr.            
George J. Bullwinkel, Jr. 

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ADDENDUM I
ACKNOWLEDGMENT AND AFFIRMATION BY EMPLOYEE
OR CONTRACTOR OF INDEPENDENT CONTRACTOR
In conformance with Section 2.3.2 of this Agreement, George J. Bullwinkel, Jr., in his individual capacity, specifically waives entitlement to any benefits SCANA provides to its employees. This provision in no way voids or adversely affects his rights to benefits he earned and to which he was fully vested while he was an employee of SCANA or one of its affiliates prior to the date of this Agreement. In addition, if a court, the Internal Revenue Service, or any other enforcement authority or agency will determine that Bullwinkel should be reclassified as an employee of SCANA or one of its affiliates, Bullwinkel specifically agrees and understands that such determination will not have a retroactive effect for purposes of eligibility to participate in any employee benefit plan of SCANA, even if such determination is applicable to prior years. 

/s/George J. Bullwinkel, Jr.                           
George J. Bullwinkel, Jr.  

10EX-10.1

 Exhibit 10.1 

PENNSYLVANIA MINE COMPLEX OPERATING AGREEMENT 

by and among 
 CONSOL
PENNSYLVANIA COAL COMPANY LLC, 
 CONRHEIN COAL COMPANY 

and 
 CNX THERMAL HOLDINGS LLC

 dated as of 

[            ], 2015 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	1	  
			
	 1.1
	 	 Defined Terms
	  	 	1	  
	 1.2
	 	 References and Rules of Construction
	  	 	1	  
		
	 ARTICLE II OPERATOR
	  	 	2	  
			
	 2.1
	 	 Appointment
	  	 	2	  
	 2.2
	 	 Relationship of Parties
	  	 	2	  
		
	 ARTICLE III DUTIES OF OPERATOR
	  	 	2	  
			
	 3.1
	 	 Services
	  	 	2	  
	 3.2
	 	 Standard of Care for Services
	  	 	3	  
	 3.3
	 	 Insurance
	  	 	3	  
	 3.4
	 	 Information Maintained By Operator
	  	 	4	  
	 3.5
	 	 Access to Records
	  	 	4	  
	 3.6
	 	 Ownership
	  	 	5	  
	 3.7
	 	 Contracts
	  	 	5	  
		
	 ARTICLE IV OPERATING COMMITTEE; ANNUAL BUDGET
	  	 	5	  
			
	 4.1
	 	 Operating Committee
	  	 	5	  
	 4.2
	 	 Actions Requiring Operating Committee Unanimous Approval
	  	 	6	  
	 4.3
	 	 Annual Budget
	  	 	7	  
	 4.4
	 	 Ten Year Mine Plan and Annual Development Plan
	  	 	8	  
		
	 ARTICLE V COMPENSATION AND PAYMENTS
	  	 	8	  
			
	 5.1
	 	 Compensation, Payments and Advances
	  	 	8	  
	 5.2
	 	 Payment Disputes
	  	 	10	  
	 5.3
	 	 Audits
	  	 	10	  
	 5.4
	 	 Accounting Arbitrator
	  	 	10	  
	 5.5
	 	 Delinquent Payment
	  	 	11	  
	 5.6
	 	 Payments Under Omnibus Agreement
	  	 	11	  
		
	 ARTICLE VI LIABILITY OF THE PARTIES; INDEMNIFICATION
	  	 	11	  
			
	 6.1
	 	 Release
	  	 	11	  
	 6.2
	 	 Omnibus Agreement Indemnities
	  	 	11	  
	 6.3
	 	 Disclaimer
	  	 	11	  
	 6.4
	 	 Conspicuous
	  	 	11	  

  
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	 ARTICLE VII TERM; TERMINATION; RESIGNATION OR REMOVAL OF OPERATOR
		 	12	  
			
	 7.1
		 Term
		 	12	  
	 7.2
		 Resignation and Removal of Operator
		 	12	  
	 7.3
		 Effect of Termination
		 	12	  
	 7.4
		 Transition
		 	12	  
		
	 ARTICLE VIII FORCE MAJEURE; EMERGENCIES
		 	13	  
			
	 8.1
		 Force Majeure
		 	13	  
	 8.2
		 Emergencies
		 	13	  
		
	 ARTICLE IX MISCELLANEOUS
		 	14	  
			
	 9.1
		 Assignment
		 	14	  
	 9.2
		 Notices
		 	14	  
	 9.3
		 Further Assurances
		 	15	  
	 9.4
		 Expenses
		 	15	  
	 9.5
		 Waiver; Rights Cumulative
		 	15	  
	 9.6
		 Entire Agreement; Conflicts
		 	16	  
	 9.7
		 Amendment
		 	16	  
	 9.8
		 Governing Law; Jurisdiction
		 	16	  
	 9.9
		 Parties in Interest
		 	16	  
	 9.10
		 Preparation of Agreement
		 	16	  
	 9.11
		 Severability
		 	16	  
	 9.12
		 Counterparts
		 	17	  
	 9.13
		 Allocation of Resources
		 	17	  
	 9.14
		 Memorandum
		 	17	  

 APPENDIX 
  

			
	 Appendix I
		Definitions

  
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 PENNSYLVANIA MINE COMPLEX OPERATING AGREEMENT 

THIS PENNSYLVANIA MINE COMPLEX OPERATING AGREEMENT (as may be amended, revised, supplemented or otherwise modified from time to time,
this “Agreement”), dated as of [            ], 2015 (the “Execution Date”), is by and among CONSOL PENNSYLVANIA COAL COMPANY LLC, a
Delaware limited liability company (“CPCC”), CONRHEIN COAL COMPANY, a Pennsylvania general partnership (“Conrhein,” and together with CPCC, the “CONSOL Parties”), CNX
THERMAL HOLDINGS LLC, a Delaware limited liability company (“Operator”). CONSOL Parties and Operator may be referred to herein separately as a “Party” and collectively as the
“Parties.” 
 RECITALS 

WHEREAS, pursuant to that certain Contribution Agreement by and among the Parties, dated as of
[            ], 2015 (the “Contribution Agreement”), the CONSOL Parties contributed to Operator certain assets and properties
relating to the Pennsylvania Mine Complex (as hereinafter defined); 
 WHEREAS, the CONSOL
Parties and Operator own undivided interests in those certain coal mines in Greene and Washington Counties, Pennsylvania and Marshall County, West Virginia, commonly known as the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the related
preparation plant commonly known as the Bailey preparation plant (the “Pennsylvania Mine Complex”); and 

WHEREAS, the Owning Parties (as hereinafter defined) wish to designate Operator as the operator of the Assets (as hereinafter defined)
and in connection therewith engage Operator as an independent contractor to provide, directly or indirectly, certain services with respect to the operation of the Assets, subject to and upon the terms and conditions of this Agreement. 

NOW, THEREFORE, in consideration of the premises and of the mutual covenants, agreements, conditions, and obligations set forth herein,
the Parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 

1.1 Defined Terms. For purposes hereof, the capitalized terms used herein and not otherwise defined have the meanings set forth
in Appendix I or the Contribution Agreement. 
 1.2 References and Rules of Construction. All references in this
Agreement to Exhibits, Appendices, Articles, Sections, subsections and other subdivisions refer to the corresponding Exhibits, Appendices, Articles, Sections, subsections and other subdivisions of or to this Agreement unless expressly provided
otherwise. Titles appearing at the beginning of any Exhibit, Appendix, Article, Section, subsection and other subdivision of this Agreement are for convenience only, do not constitute any part of this Agreement and shall be disregarded in construing
the language hereof. The words “this Agreement,” “herein,” “hereby,” “hereunder” and “hereof,” and words of similar import, refer to this Agreement as a whole and not to any particular Exhibit,
Appendix, Article, Section, subsection or other subdivision unless expressly so limited. The word “including” (in its various forms) means “including without limitation.” 

 
All references to “$” or “dollars” shall be deemed references to United States dollars. Each accounting term not defined herein will have the meaning given to it under GAAP.
Pronouns in masculine, feminine or neuter genders shall be construed to state and include any other gender, and words, terms and titles (including terms defined herein) in the singular form shall be construed to include the plural and vice versa,
unless the context otherwise requires. References to any Law means such Law as it may be amended from time to time. If a date specified herein for providing any notice or taking any action is not a Business Day, then the date for giving such notice
or taking such action shall be the next day which is a Business Day. 
 ARTICLE II 

OPERATOR 
 2.1
Appointment. In accordance with the terms and provisions of this Agreement, the Owning Parties hereby appoint Operator, and Operator hereby accepts such appointment, as the operator with respect to the Assets. Subject to the limitations
provided in this Agreement, Operator shall have full and complete authority to enter the Assets and to direct and control all operations conducted thereon or with respect thereto. 

2.2 Relationship of Parties. Operator is, and shall perform the Operational Services as, an independent contractor and not as an
agent or employee of the Non-Operating Parties. Operator shall have the right to subcontract some or all of the Operational Services to competent subcontractors of its choosing; provided, however, that the subcontracting of any Operational
Services to be performed hereunder shall in no event relieve Operator of any of its obligations hereunder. Operator shall determine the number of employees, the selection of employees, the hours of work and the compensation to be paid to all
employees by Operator used in performing the Operational Services. Operator shall be responsible for the payment of federal income tax, social security tax, workers’ compensation insurance, unemployment tax and other similar payments, if any,
relating to Operator’s business and employees, and the Non-Operating Parties shall not withhold any amounts for such purposes from payments made hereunder. 

ARTICLE III 
 DUTIES OF
OPERATOR 
 3.1 Services. Subject to Section 3.2 and Section 4.2, Operator shall oversee,
supervise and manage the day-to-day operations associated with or conducted upon the Assets and perform all acts necessary to maintain and operate the Assets in compliance with the then-current Annual Budget, then-current Annual Development Plan,
then-current Ten Year Mine Plan and applicable Law, including those actions set forth in Section 3.1(a) through Section 3.1(d) (collectively, the “Operational Services”). 

(a) General Duties. The general duties of Operator include (i) arranging for the purchase, transportation and storage of
all supplies, materials and equipment reasonably determined by Operator as necessary to perform the Operational Services; (ii) paying and discharging on behalf of the Owning Parties all costs incurred in connection with the Operational
Services; (iii) engaging personnel reasonably determined by Operator as necessary to perform any of the Operational Services; (iv) engaging subcontractors or contract personnel reasonably determined by Operator as necessary to perform any
of the Operational Services; and (v) taking all necessary and proper measures and as may be required by applicable Law for the protection of life, health, the environment and property in the case of an Emergency pursuant to Section
8.2. 

  
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 (b) Mining Services. Operator shall conduct all day-to-day activities relating to the
operation and management of the Assets, including: (i) supervision of daily operations, including site preparation, development mining and longwall mining; (ii); review of mine production performance and operating expenses; (iii) handling
of coal production and delivery thereof to purchasers and/or other facilities; (iv) handling and disposing of all coal refuse; and (v) site remediation. 

(c) Planning and Coordination Services. In connection with the execution of this Agreement, Operator and the Non-Operating
Parties have agreed on (i) a plan setting forth the anticipated mining operations during the following calendar year (an “Annual Development Plan”) with respect to the remainder of the calendar year 2015;
(ii) a plan setting forth the anticipated mining operations to be conducted by Operator during the ten-year period following the Execution Date (as updated from time to time, the “Ten Year Mine Plan”); and
(iii) an annual budget with respect to the remainder of the calendar year 2015. Each year, Operator will prepare and submit to the Operating Committee (A) a proposed Annual Development Plan for the upcoming calendar year, (B) an
update to the Ten Year Mine Plan and (C) a proposed Annual Budget, in each case, in accordance with Section 4.3 and Section 4.4, as applicable. In addition, Operator will administer and manage the Cooperation and Safety
Agreement, including making elections and enforcing the rights of the Owning Parties thereunder. 
 (d) Safety
Services. Operator shall monitor and enforce compliance with all applicable health and safety policies and procedures and regulatory requirements. 

3.2 Standard of Care for Services. Subject to Article 6, Operator shall conduct the Operational Services, with respect to
the Assets, consistently with past practices with respect to the operation of the Pennsylvania Mine Complex Assets and in a manner that is not grossly negligent and does not constitute willful misconduct. If Operator should elect to engage a
subcontractor to perform any of the Operational Services, Operator shall cause such subcontractor to conduct the Operational Services with the standard of care set forth in this Section 3.2. 

3.3 Insurance. 

(a) With respect to the remainder of calendar year 2015 and calendar years 2016, 2017, 2018, 2019 and 2020 (or such earlier time as Operator
elects to obtain insurance pursuant to Section 3.3(b)), the CONSOL Parties shall procure and maintain, or cause to be procured and maintained, for the benefit of the Non-Operating Parties and Operator the kinds of insurance and the
amounts of coverage that is required by applicable Laws or that the CONSOL Parties reasonably determine necessary in connection with the ownership and operation of the Assets. The CONSOL Parties shall use their commercially reasonable efforts to
name Operator and its Affiliates as named insureds on and to obtain waivers of subrogation in favor of Operator and its Affiliates with respect to the insurance carried pursuant to this Section 3.3(a) (the “CONSOL
Insurance”). Operator shall be responsible for its Percentage Interest of the costs and expenses incurred by the CONSOL Parties in procuring and maintaining the CONSOL 

  
 3 

 
Insurance. Promptly after finalizing the CONSOL Insurance with respect to a calendar year, the CONSOL Parties will provide notice to Operator of the total costs associated with such CONSOL
Insurance and Operator’s Percentage Interest thereof, and Operator shall reimburse the CONSOL Parties as soon as reasonably practical thereafter. Notwithstanding the preceding, Operator may procure such additional insurance in the types and
amounts that it may desire in its sole discretion. 
 (b) Beginning with respect to calendar year 2021 (or such earlier calendar year
as elected by Operator upon reasonable notice to the CONSOL Parties), Operator shall procure and maintain, or cause to be procured and maintained, for the benefit of the Non-Operating Parties and Operator the kinds of insurance and the amounts of
coverage that is required by applicable Laws or that Operator reasonably determines necessary in connection with the ownership and operation of the Assets. Operator shall use its commercially reasonable efforts to name the Non-Operating Parties as
additional insureds on and to obtain waivers of subrogation in favor of the Non-Operating Parties with respect to the insurance carried pursuant to this Section 3.3(b).  

(c) Operator shall (i) require subcontractors performing any of the Operational Services to obtain and maintain any and all insurance
that is required by applicable Laws or that would otherwise be required by a reasonable, prudent service provider and (ii) use its commercially reasonable efforts to cause subcontractors performing work with respect to the Operational Services
to name the Non-Operating Parties and Operator as additional insureds on such subcontractors’ insurance policies (with waivers of subrogation in favor of the Non-Operating Parties and Operator). 

3.4 Information Maintained By Operator. 

(a) Operator shall maintain (i) the Reports; (ii) copies of regulatory filings and any material correspondence with
Governmental Authorities; (iii) any records relating to any material claims; and (iv) any other information generated by, or in custody of, Operator relating to the Operational Services and/or the Assets (collectively, the
“Operating Records”).  
 (b) Operator shall maintain, separately and in accordance with
Operator’s customary recordkeeping procedures, GAAP and applicable Law, accurate records and accounts (i) of all expenses, costs and liabilities accrued or incurred by it in performing the Operational Services and (ii) on the
Non-Operating Parties’ behalf, of (A) all expenses, costs and liabilities accrued or incurred by Operator in connection with this Agreement and/or the Non-Operating Parties’ contractual commitments with regard to the Assets and
(B) all revenues accrued, invoiced and received by Operator on behalf of the Non-Operating Parties (collectively, the “Accounting Records,” and together with the Operating Records, the “Records”).
Operator agrees to retain the Records pertaining to the Operational Services for a period of not less than three calendar years following the end of the calendar year in which the relevant Operational Services were performed or any longer period if
required by Law. 
 3.5 Access to Records. Operator shall give the Non-Operating Parties access to the Records
(including the right to copy, at the Non-Operating Parties’ expense) during normal business hours and upon reasonable prior written notice to Operator. 

  
 4 

 3.6 Ownership. 

(a) Undivided Ownership of the Assets. Each of the Owning Parties shall be responsible for its Percentage Interest of any costs and
expenses incurred by Operator on behalf of the Owning Parties in connection with this Agreement. As of the Execution Date, the Percentage Interest of the CONSOL Parties is 80% and the Percentage Interest of Operator is 20%. 

(b) Liens and Encumbrances.  

(i) In its provision of Operational Services, Operator shall not take any action to encumber the Non-Operating Parties’ Percentage
Interest in and to the Assets, other than a Permitted Encumbrance, without the prior written consent of the Non-Operating Parties. 
 (ii)
The Non-Operating Parties shall not shall not take any action to encumber, or permit any lien on, their Percentage Interest in and to the Assets, other than a Permitted Encumbrance. 

3.7 Contracts. Each Non-Operating Party agrees to execute and deliver (or to cause to be executed and delivered) each of those
contracts to which Operator (i) is authorized to cause such Non-Operating Party to enter into in accordance with this Agreement and (ii) directs such Non-Operating Party to execute and deliver in accordance with this Agreement. 

ARTICLE IV 
 OPERATING
COMMITTEE; ANNUAL BUDGET 
 4.1 Operating Committee. 

(a) To facilitate the operation and management of the Assets and the creation, approval and amendment of the Annual Budget,
there is hereby established an operating committee composed of representatives of the Owning Parties (the “Operating Committee”). The Non-Operating Parties, collectively, shall be entitled to appoint one representative to the
Operating Committee (the “Non-Operating Representative”) and Operator shall be entitled to appoint one representative to the Operating Committee (the “Operator Representative”). The initial
Non-Operating Representative shall be Nicholas J. DeIuliis and the initial Operator Representative shall be James A Brock. Each Party shall have the right to change its representative serving on the Operating Committee at any time by giving notice
of such change to the other Party. 
 (b) The Operating Committee shall have only the powers and duties expressly ascribed to
it in this Agreement. 
 (c) The representative of a Party shall be authorized to represent and bind such Party with respect to any matter
that is within the powers of the Operating Committee hereunder and is properly brought before the Operating Committee. On all matters coming before the Operating Committee, the Non-Operating Representative and the Operator Representative shall each
have an equal vote. 

  
 5 

 (d) Unless otherwise agreed to by the members of the Operating Committee, the Operating Committee
shall meet at least once per calendar quarter to review and discuss the management and development of the Assets, the Reports, the Annual Budget, the Annual Development Plan, the Ten Year Mine Plan and such other matters as may be reasonably
proposed by Operator or the Non-Operating Parties. Operator may elect, but is not required, to provide to the members of the Operating Committee an agenda for such meeting (which shall include any items that a member of the Operating Committee
requests to have included on such agenda). All meetings shall be held during normal business hours, with the time and place of each meeting to be determined by Operator. Members of the Operating Committee shall be allowed to participate
telephonically (or, to the extent available, by video conference) in any such meeting. 
 (e) All actions requiring approval by the
Operating Committee shall be decided by the unanimous vote of the Operating Committee members. The Operating Committee shall keep a written record of all meetings and actions taken. To the fullest extent permitted by Law and notwithstanding any
provision of this Agreement to the contrary, no member of the Operating Committee, in his or her capacity as a member of the Operating Committee, shall have any duty, fiduciary or otherwise, to the Parties that did not appoint such member in
connection with any act or omission by such member under this Agreement. Each Party agrees and acknowledges that each member of the Operating Committee shall be entitled to determine whether or not to take any action under this Agreement by only
considering the interests of the Party that designated such member to the Operating Committee and not the interests of any other Party. 

4.2 Actions Requiring Operating Committee Unanimous Approval. Each of the following actions shall require the prior approval of
the Operating Committee: 
 (a) any permanent idling of any of the mines in the Assets; 

(b) any temporary idling of any of the mines in the Assets (other than scheduled shutdowns); 

(c) adoption, amendment or modification of any Annual Development Plan; 

(d) adoption, amendment or modification of any Annual Budget; 

(e) adoption, amendment or modification of the Ten Year Mine Plan; 

(f) incurring of any capital expenditure or expenses in excess of 10% of the Annual Budget; 

(g) initiation of any material lawsuits on behalf of the Owning Parties; 

(h) settlement of any material litigation; 

(i) responding to or settling any material governmental proceeding, including any environmental proceeding; 

  
 6 

 (j) sale of any material portion of the Non-Real Property Assets; or 

(k) entry into, any of the following types of contracts with respect to the Operational Services, unless such contract is provided for in the
then applicable Annual Budget: 
 (i) any contract that can reasonably be expected to result in payments by Operator of more than
$5,000,000 in the aggregate over the term of such contract; 
 (ii) any contract that has a term of more than three years, unless
terminable by Operator without penalty on 30 days’ notice or less; 
 (iii) any indenture, mortgage, guaranty, loan, credit or
sale-leaseback or similar financial contract or any contract which creates any liens for borrowed money; or 
 (iv) any contract with any
Affiliate of Operator, unless (A) such contract can reasonably be expected to result in payments by Operator of less than $1,000,000 in the aggregate over the term of such contract or (B) (1) such contract can reasonably be expected
to result in payments by Operator of less than $1,000,000 but more than $2,000,000 in the aggregate over the term of such contract, (2) Operator has obtained proposals for the services to be provided pursuant to such contract from at least two
non-Affiliate service providers and (3) the terms of such affiliated contract in the aggregate is equal to or better than such third party proposals. 

4.3 Annual Budget. 

(a) In connection with the execution of this Agreement, the Owning Parties have provided Operator with the annual budget
applicable to the remainder of calendar year 2015. Other than with respect to calendar year 2015, on or before October 15 of the calendar year immediately preceding the relevant calendar year, Operator shall prepare and submit to the Operating
Committee a proposed annual budget for such relevant calendar year for the ownership, operation and development of the Assets that takes into consideration and provides for, at a minimum, the following anticipated costs, expenses, operations and
sales (each, an “Annual Budget”):  
 (i) operating expenses; 

(ii) maintenance capital expenditures; 

(iii) expansion capital expenditures; 

(iv) miscellaneous expenses, including anticipated costs under each of the Employee Services Agreement, the Water Supply and Services
Agreement, the Terminal and Throughput Agreement and the Contract Agency Agreement; 
 (v) production and sales plan; 

(vi) cash flow analysis and information; and 

(vii) any other information determined by the Operating Committee to be relevant. 

  
 7 

 (b) Each member of the Operating Committee shall review the proposed Annual Budget and meet with
Operator to discuss any proposed revisions. No later than November 1 of the calendar year immediately preceding the relevant calendar year, the Operating Committee shall meet to consider the proposed Annual Budget and any recommendations made
with respect thereto by any member of the Operating Committee and approve or reject the proposed Annual Budget and such recommendations. 

4.4 Ten Year Mine Plan and Annual Development Plan. 

(a) In connection with the execution of this Agreement, the Owning Parties have provided Operator with the Ten Year Mine Plan applicable to
the ten-year period following the Execution Date and the Annual Development Plan applicable to calendar year 2015. 
 (b) Other than with
respect to calendar year 2015, on or before October 15 of each calendar year, Operator shall submit to the Operating Committee: 
 (i)
a proposed update to the Ten Year Mine Plan to extend such plan for an additional calendar year and to include any proposed changes to the following mining operations to be conducted with regard to the Assets in the applicable ten-year period,
including (if applicable); and 
 (ii) a proposed annual development plan setting forth the anticipated mining and development activities
with regard to the Assets for the immediately following calendar year. 
 ARTICLE V 

COMPENSATION AND PAYMENTS 

5.1 Compensation, Payments and Advances. 

(a) Operating Account. Operator is hereby authorized to open a bank account (the “Operating
Account”) in which Operator will hold for the account of the Parties any funds advanced or paid to Operator by or on behalf of the Non-Operating Parties in the Operating Account. Operator shall have no fiduciary duties to the
Non-Operating Parties in connection with the holding of the Operating Account. Operator shall make expenditures from the Operating Account consistent with the Annual Budget in furtherance of its Operational Services, including acquisitions of
equipment, inventory and other non-real property in its own name for the undivided benefit of the Owning Parties.  
 (b)
Payments. Each Owning Party acknowledges and agrees that it shall be responsible for, and shall pay and/or reimburse Operator for, its Percentage Interest of the costs incurred by Operator in providing the Operational Services, including of
any Person subcontracted by Operator in accordance with Section 2.2 to provide Operational Services. For the avoidance of doubt, the Owning Parties shall not be responsible for costs incurred by Operator in obtaining the General and
Administrative Services. Operator may elect, in its sole 

  
 8 

 
discretion, to prepare and deliver to the Non-Operating Parties, on or before the 10th Business Day of the calendar month preceding the relevant calendar month, a reasonably detailed notice of
the estimated amount of all out-of-pocket expenditures that Operator projects to be incurred in the performance of the Operational Services during the following calendar month plus a reasonable contingency amount (such amount, the
“Monthly Estimate”). The Non-Operating Parties shall cause the Monthly Estimate to be deposited with Operator prior to the beginning of each calendar month to which such Monthly Estimate relates. To the extent that any
Monthly Estimate is insufficient to satisfy Operator’s expenditures for such calendar month, then Operator may (but is not required to) incur such expenses on the Non-Operating Parties’ behalf and in such event the Monthly Estimate for the
following calendar month shall be increased by such shortfall. If the Monthly Estimate paid by the Non-Operating Parties with respect to any calendar month exceeds Operator’s expenditures hereunder for such calendar month, then the amount of
such excess shall, at the Non-Operating Parties’ election, either be applied to amounts payable hereunder with respect to succeeding calendar months (and the applicable Monthly Estimate will reflect such amounts that have not been previously
distributed) or be refunded to the Non-Operating Parties. Prior to the termination of this Agreement, the Parties shall true-up the amounts owed and paid under this Agreement, and to the extent any Party owes any amounts to another Party hereunder,
such owing Party shall make a payment to the Party to which such amount is owed. 
 (c) Distributions. Periodically, but no less than
monthly, Operator shall distribute to each Non-Operating Party such Non-Operating Party’s proportionate share of net revenues received (excluding such Non-Operating Party’s (i) proportionate share of expenses that Operator reasonably
anticipates will be incurred the following month and that are not anticipated to be covered by cash flows from such month and which have not been included in a Monthly Estimate and (ii) any amounts for which such Non-Operating Party is in
default under this Agreement together with any interest accrued thereon). 
 (d) Authority for Expenditures. During each fiscal year,
Operator shall have the right and authority (i) to make expenditures of up to 110% of the Annual Budget for such fiscal year, as such Annual Budget may be revised from time to time and (ii) to make expenditures of such amounts as Operator
reasonably determines are required in the event of an Emergency. If during any fiscal year Operator’s expenditures exceed, or Operator anticipates that such expenditures will exceed, 110% of the Annual Budget, Operator shall notify the
Operating Committee of the excess (or anticipated excess) expenditures, and such notice shall include reasonable detail of the reasons for such excess expenditures and a proposal by Operator for an amendment of the Annual Budget to reflect
Operator’s revised estimate of expenditures for such fiscal year. 
 (e) Out-of-Pocket Expenditures. Notwithstanding anything to
the contrary in this Agreement (other than in connection with its obligations in respect of an Emergency as described in Section 8.2), in no event shall Operator be required to incur or pay any out-of-pocket expenditures on behalf of the
Non-Operating Parties in connection with the provision of the Operational Services where the funds with respect thereto have not been advanced to Operator by the Non-Operating Parties in accordance with this Agreement. 

  
 9 

 5.2 Payment Disputes. In the event a Non-Operating Party disputes any Operator
invoice, in whole or in part, such Non-Operating Party shall promptly notify Operator of the dispute, setting out in reasonable detail the basis for the dispute and including any supporting documentation available to such Non-Operating Party
regarding the dispute. The Non-Operating Parties shall pay the entire amount of Operator’s invoice within the applicable period for payment provided herein; provided, however, that such payment shall in no event waive the Non-Operating
Parties’ rights to dispute the invoice as provided herein. The disputing Non-Operating Parties and Operator shall endeavor in good faith to promptly settle any disputed amount, and Operator shall reimburse the Non-Operating Parties for any
amounts ultimately determined to have been overpaid, within ten Business Days following resolution of such dispute. The provisions of this Section 5.2 shall survive the expiration or termination of this Agreement 

5.3 Audits. Any Non-Operating Party, upon reasonable written notice to Operator, shall have the right to audit Operator’s
accounts and Records relating to the Operational Services for any calendar year within the 24-month period following the end of such calendar year. Operator shall not bear any portion of such Non-Operating Party’s audit cost incurred under this
Section 5.3. The audits shall not be conducted more frequently than bi-annually without the prior approval of Operator, except upon the resignation or removal of Operator. Upon the completion of any such audit the results of which
evidence an overcharging by Operator for Operational Services rendered, the Non-Operating Party may notify Operator of such overcharge and request reimbursement thereof, and such notice shall include such Non-Operating Party’s calculations and
reasonable data supporting such reimbursement request. Within 30 days after receipt of such Non-Operating Party’s reimbursement request, Operator shall notify the Non-Operating Party if Operator disputes the results of the audit.
Operator’s failure to notify the Non-Operating Party of such dispute within such time period shall be deemed to be agreement with the audit results and the reimbursement request. If Operator timely notifies the Non-Operating Party that it
disputes the audit results, then each of Operator and the Non-Operating Party shall designate a representative, and, not later than ten Business Days from such selection, such representatives shall meet in an effort to resolve such disputed audit
results. Such representatives shall attempt to agree on a resolution of such dispute within ten Business Days from meeting. Upon such deadline, if no consensual resolution has been reached, either the Non-Operating Party or Operator may cause such
dispute to be submitted to arbitration in accordance with Section 5.4. This Section 5.3 shall survive the expiration or termination of this Agreement for a period of 24 months. 

5.4 Accounting Arbitrator. In the event that the Parties cannot reach agreement regarding any disputes regarding amounts
invoiced hereunder pursuant to Section 5.2 or Section 5.3, either Party may refer the remaining matters in dispute to the Philadelphia, Pennsylvania office of a mutually agreeable nationally recognized accounting firm (the
“Accounting Arbitrator”) for review and final determination by arbitration. Should such selected firm fail or refuse to agree to serve as Accounting Arbitrator within ten Business Days after receipt of a written request from
any Party to serve, and should the Parties fail to agree in writing on another replacement Accounting Arbitrator within five Business Days after the end of that ten-day period, or should no replacement Accounting Arbitrator agree to serve within 30
days after the original written request pursuant to this Section 5.4, the Accounting Arbitrator shall be a nationally recognized accounting firm appointed by the Philadelphia office of the American 

  
 10 

 
Arbitration Association. The Accounting Arbitrator’s determination shall be made within 30 days after submission of the matters in dispute and shall be final and binding on the Parties,
without right of appeal. The Accounting Arbitrator shall act as an expert for the limited purpose of determining the specific disputed matters submitted by the Parties and may not award damages or penalties to the Parties with respect to any matter.
Each Party shall each bear its own legal fees and other costs of presenting its case. The fees, costs and expenses of the Accounting Arbitrator, shall be allocated between the Parties based upon the percentage which the portion of the disputed
matters not awarded to such Party bears to the amount actually contested by such Party. The provisions of this Section 5.4 shall survive the expiration or termination of this Agreement. 

5.5 Delinquent Payment. All amounts that are due hereunder and that are not paid within 30 days of the date due shall accrue
interest at the Agreed Rate from the date due until the date such amounts are fully paid. 
 5.6 Payments Under Omnibus
Agreement. The Parties acknowledge and agree that this Agreement, including the terms under this Article 5, are subject to the terms of the Omnibus Agreement, and that any payments to be made under this Agreement may be netted against
other amounts payable to a Party as more particularly set forth in the Omnibus Agreement. 
 ARTICLE VI 

LIABILITY OF THE PARTIES; INDEMNIFICATION 

6.1 Release. Except as set forth in Section 6.2, each Party hereby releases, discharges and forever waives any
claims against the other Party with respect to any breach of this Agreement. 
 6.2 Omnibus Agreement Indemnities. The Parties
hereby acknowledge and agree that except for the rights of the Parties to terminate this Agreement pursuant to Article 7, the indemnities set forth under the Omnibus Agreement shall be the Parties’ exclusive remedies with respect to any
breach of this Agreement. For the avoidance of doubt, except as set forth in the Omnibus Agreement, in no event shall Operator have any liability under this Agreement or applicable Law with respect to the provision of the Operational Services under
this Agreement or acting as contract operator for any claim, damage, loss or liability sustained or incurred in connection with its operations with respect to the Assets or the provision of the Operational Services or any breach of any provision of
this Agreement. 
 6.3 Disclaimer. NOTWITHSTANDING ANY OTHER TERM OF THIS AGREEMENT TO THE CONTRARY, OPERATOR MAKES NO, AND
DISCLAIMS ANY, REPRESENTATIONS AND WARRANTIES, EXPRESS, IMPLIED OR STATUTORY WITH RESPECT TO THE PERFORMANCE OR RESULTS OF THE OPERATIONAL SERVICES OR ANY DATA OR INFORMATION PROVIDED BY OPERATOR HEREUNDER. 

6.4 Conspicuous. THE PARTIES AGREE THAT, TO THE EXTENT REQUIRED BY APPLICABLE LAW TO BE EFFECTIVE OR ENFORCEABLE, THE PROVISIONS
IN THIS AGREEMENT IN ALL-CAPS FONT ARE “CONSPICUOUS” FOR THE PURPOSE OF ANY APPLICABLE LAW. 

  
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 ARTICLE VII 

TERM; TERMINATION; RESIGNATION OR REMOVAL OF OPERATOR 

7.1 Term. Unless terminated earlier by express written agreement of the Parties or in accordance with Section 7.2,
the term of this Agreement shall commence on the Execution Date and continue in full force and effect until the cessation of operations at the Pennsylvania Mine Complex (the “Term”). 

7.2 Resignation and Removal of Operator. 

(a) Resignation of Operator. Operator may not resign as operator without the prior written consent of the Non-Operating Parties,
which consent may be withheld in the Non-Operating Parties’ sole discretion.  
 (b) Removal of Operator. The
Non-Operating Parties may remove Operator as operator and terminate this Agreement upon written notice to Operator of: 
 (i) the
Bankruptcy of Operator; or 
 (ii) an action constituting willful misconduct or gross negligence on the part of Operator in connection with
the performance of the Operational Services. 
 For the avoidance of doubt, in the event Operator resigns or is removed, this Agreement shall
terminate in accordance with Section 7.3 and Section 7.4. 
 7.3 Effect of Termination. If this
Agreement is terminated pursuant to Section 7.2, this Agreement shall be of no further force or effect, except for the provisions of Section 5.2, Section 5.3, Section 5.4; Section 5.5,
Section 5.6, Article 6, this Section 7.3, Section 7.4, and Article 9 which, in each case, shall continue in full force and effect. The termination of this Agreement shall not relieve any Party from
its obligations or liabilities arising hereunder prior to the date of such termination. 
 7.4 Transition. Upon termination of
this Agreement, Operator shall as promptly as practicable, but in any event within 60 days following such termination, deliver to the Non-Operating Parties (or their designees) the Records, in such format, including electronic format, as the Records
are maintained by Operator. Upon such termination, the Non-Operating Parties shall use their commercially reasonable efforts to designate another Person or Persons to provide the Operational Services to the Owning Parties, and, during the Transition
Period, (i) Operator shall, subject to Article 8, continue to provide the Operational Services in accordance with the terms of this Agreement to the Non-Operating Parties and cooperate to ensure the orderly and expeditious transition of
the provision of the Operational Services to the Person or Persons designated by the Non-Operating Parties, including training of a new operator with respect to the Operational Services (if requested by the Non-Operating Parties) and transferring
permits and licenses and migrating computer or other systems to a new operator, as applicable, and (ii) the Non-Operating Parties shall pay and reimburse Operator for their proportionate share of the portion of any costs incurred by Operator in
accordance with this Agreement. The provisions of this Section 7.4 shall survive the termination of this Agreement. 

  
 12 

 ARTICLE VIII 

FORCE MAJEURE; EMERGENCIES 

8.1 Force Majeure. If any Party is rendered unable, wholly or in part, by Force Majeure to carry out its obligations under this
Agreement, other than the obligation to make money payments, that Party shall give to the other Party prompt written notice of the Force Majeure with reasonably full particulars concerning it; thereupon, the obligations of the Party giving notice,
so far as they are affected by the Force Majeure, shall be suspended during, but no longer than, the continuance of the Force Majeure. The affected Party shall use all reasonable efforts to remove, mitigate and/or remedy the Force Majeure situation
as quickly as practicable. The requirement that any Force Majeure shall be remedied with all reasonable dispatch shall not require the settlement of strikes, lockouts or other labor difficulty by the Party involved, contrary to its wishes; the
method by which all such difficulties shall be handled shall be entirely within the discretion of the affected Party; provided, however, the foregoing shall not relieve such Party of its obligations to take other measures to remove, mitigate
and/or remedy any delay or suspension resulting from such labor difficulties. 
 8.2 Emergencies. In the event of an
Emergency, Operator shall promptly: 
 (a) make all notifications required under applicable Law, including to appropriate Governmental
Authorities; 
 (b) implement Emergency response and mitigation measures as deemed advisable by Operator for a prudent operator to respond
to or mitigate the Emergency, including to protect human health and the environment; 
 (c) commence any required remediation, maintenance
or repair work necessary to keep the Assets operating safely (or to restore such Assets to safe operating condition) and in accordance with all applicable Laws or otherwise to minimize damage as deemed advisable by Operator for a prudent operator to
respond to or mitigate the Emergency; and 
 (d) notify, as soon as practicable after the occurrence of the event, the Non-Operating Parties
of such Emergency, all mitigation, repair, restoration or remediation plans, all material correspondence with Governmental Authorities and any Permits or approvals required in connection with Operator’s Emergency response, repair, remediation
or restoration activities. 
 Operator’s notification of the Non-Operating Parties may be made by any method deemed appropriate by Operator under the
circumstances and does not have to comply with Section 9.2. Operator will submit invoices to the Non-Operating Parties for their proportionate share of the work done and expenses incurred by Operator during any Emergency within 30 days
after Operator incurs such expenses, and, unless such costs are netted against the Non-Operating Parties’ share of revenues collected by Operator, the Non-Operating Parties shall pay Operator within 15 Business Days of receipt of such invoices.

  
 13 

 ARTICLE IX 

MISCELLANEOUS 
 9.1
Assignment. This Agreement and the duties hereunder may only be assigned (a) by Operator with the prior written consent of the CONSOL Parties, which consent may be withheld in the CONSOL Parties’ sole discretion, and (b) by
the CONSOL Parties with the prior written consent of Operator, which such consent shall not be unreasonably withheld; provided, however, that the CONSOL Parties may freely assign this Agreement in connection with a transfer of all or a
material portion of the CONSOL Parties’ ownership interest in the Assets. Any assignment of this Agreement made in contravention of this Section 9.1 shall be void. Subject to the foregoing, this Agreement shall be binding upon and
inure to the benefit of the Parties and their respective permitted successors and assigns. Nothing in this Section 9.1 shall preclude Operator from subcontracting some or all of the Operational Services in accordance with
Section 2.2. 
 9.2 Notices. All notices and communications required or permitted to be given under this Agreement
shall be sufficient in all respects if given in writing and delivered personally, or sent by bonded overnight courier, or mailed by U.S. Express Mail or by certified or registered U.S. Mail with all postage fully prepaid or by electronic mail with a
PDF of the notice or other communication attached (provided that any such electronic mail is confirmed either by written confirmation or U.S. Express Mail), in each case, addressed to the appropriate Person at the address for such Person as follows:

 If to CPCC: 
 CONSOL
Pennsylvania Coal Company LLC 
 1000 CONSOL Energy Drive 

Canonsburg PA, 15317 

Attention: Vice President and Comptroller 

Email: davidkhani@consolenergy.com 

with a copy to: 
 Attention:
Vice President and Secretary 
 Email: stevejohnson@consolenergy.com 

If to Conrhein: 
 Conrhein Coal
Company 
 1000 CONSOL Energy Drive 

Canonsburg PA, 15317 

Attention: Controller and Assistant Secretary 

Email: loriritter@consolenergy.com 

With a copy to: 
 Attention:
Secretary 
 Email: michaelbaker@consolenergy.com 

  
 14 

 If to Operator: 

CNX Thermal Holdings LLC 
 1000
CONSOL Energy Drive 
 Canonsburg PA, 15317 

Attention: Chief Financial Officer 

Email: loriritter@consolenergy.com 

With a copy to: 
 Attention:
General Counsel 
 Email: marthawiegand@consolenergy.com 

Any notice given in accordance herewith shall be deemed to have been given when (a) delivered to the addressee in person or by courier,
(b) transmitted by electronic communications during normal business hours, or if transmitted after normal business hours, on the next Business Day, or (c) upon actual receipt by the addressee after such notice has either been delivered to
an overnight courier or deposited in the U.S. Mail if received during normal business hours, or if not received during normal business hours, then on the next Business Day, as the case may be. Any Party may change their contact information for
notice by giving notice to the other Parties in the manner provided in this Section 9.2. 
 9.3 Further
Assurances. In connection with this Agreement and the transactions contemplated hereby, each Party shall execute and deliver, or cause to be executed and delivered, any additional documents and instruments and perform any additional acts
that may be reasonably necessary or appropriate to effectuate and perform the provisions of this Agreement and the transactions contemplated herein. 

9.4 Expenses. Except as otherwise specifically provided, all fees, costs and expenses incurred by the Parties in negotiating
this Agreement shall be paid by the Party incurring the same, including legal and accounting fees, costs and expenses. 
 9.5 Waiver;
Rights Cumulative. Any of the terms, covenants, or conditions hereof may be waived only by a written instrument executed by or on behalf of the Party waiving compliance. No course of dealing on the part of any Party, or their respective
officers, employees, agents or representatives, nor any failure by a Party to exercise any of its rights under this Agreement shall operate as a waiver thereof or affect in any way the right of such Party at a later time to enforce the performance
of such provision. No waiver by any Party of any condition, or any breach of any term or covenant contained in this Agreement, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any such condition
or breach or a waiver of any other condition or of any breach of any other term or covenant. The rights of the Parties under this Agreement shall be cumulative, and the exercise or partial exercise of any such right shall not preclude the exercise
of any other right. 

  
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 9.6 Entire Agreement; Conflicts. This Agreement, the other Pennsylvania Mine
Complex Agreements and the documents to be executed hereunder and thereunder, constitute the entire agreement of the Parties and their Affiliates relating to the transactions contemplated hereby and supersede all provisions and concepts contained in
all prior letters of intent, memoranda, agreements or communications between the Parties or their Affiliates relating to the transactions contemplated hereby. In the event of a conflict between (a) the terms and provisions of this Agreement and
the terms and provisions of any Appendix hereto or (b) subject to the following sentence, the terms and provisions of this Agreement and the terms and provisions of any Pennsylvania Mine Complex Agreement, in each case, the terms and provisions
of this Agreement shall govern and control; provided, however, that the inclusion of any terms and conditions in the Appendix hereto or the Pennsylvania Mine Complex Agreements which are not addressed in this Agreement shall not be deemed a
conflict. To the extent there is any conflict between the terms and conditions of the Omnibus Agreement or the Contribution Agreement and the terms and conditions of this Agreement, the Omnibus Agreement or Contribution Agreement, as applicable,
shall control. 
 9.7 Amendment. This Agreement may be amended only by an instrument in writing executed by the Parties and
expressly identified as an amendment or modification. 
 9.8 Governing Law; Jurisdiction. This Agreement shall
be subject to and governed by the laws of the State of Texas, excluding any conflicts-of-law rule or principle that might refer the construction or interpretation of this Agreement to the Laws of another state. The Parties hereby acknowledge and
agree that Section 6.2(b) of the Omnibus Agreement shall apply to this Agreement mutatis mutandis. 
 9.9 Parties in
Interest. Except as expressly set forth in this Agreement, nothing in this Agreement shall entitle any Person other than the Parties to any claim, cause of action, remedy or right of any kind. 

9.10 Preparation of Agreement. All of the Parties and their respective counsels participated in the preparation of this
Agreement. In the event of any ambiguity in this Agreement, it is the intent of the Parties that no presumption shall arise based on the identity of the draftsman of this Agreement. 

9.11 Severability. If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any
rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is not affected in any adverse
manner to any Party. Upon such determination that any term or other provision is invalid, illegal, or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties
as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible. 

  
 16 

 9.12 Counterparts. This Agreement may be executed in any number of counterparts,
and each such counterpart hereof shall be deemed to be an original instrument, but all of such counterparts shall constitute for all purposes one agreement. Any signature hereto delivered by a Party by electronic mail shall be deemed an original
signature hereto. 
 9.13 Allocation of Resources. Notwithstanding anything else herein to the contrary, in performing its
obligations hereunder, each Party shall accord the other Party (and shall cause its Affiliates and shall use its good faith and commercially reasonable efforts to cause any of its Third Party subcontractors to accord to the other Party) no less than
the same priority and treatment under comparable circumstances as it would provide to itself or any of its Affiliates’ business units or assets, and shall allocate to the other Party (and shall cause its Affiliates and shall use its
good faith and commercially reasonable efforts to cause any of its Third Party subcontractors to allocate to the other Party) any delay or suspension of performance in a manner no less favorable than the manner by which it allocates such delay
or suspension of performance to itself or any of its Affiliates’ business units or assets. 
 9.14 Memorandum. Upon
request, the Parties shall execute and deliver a memorandum with respect to this Agreement which shall be filed in the real property records of the counties in which the Assets covered by this Agreement are located. From and after such filing, upon
request from any Party, each other Party shall execute and deliver any additions, deletions, modifications or supplements to such memorandum that a proposing Party may reasonably request from time to time to cover any additions, deletions,
modifications or supplements to this Agreement or the Assets covered by this Agreement. 
 [THE NEXT SUCCEEDING PAGE IS THE EXECUTION PAGE]

  
 17 

 IN WITNESS WHEREOF, this Agreement has been signed by each of the Parties on the Execution
Date. 
  

					
	CPCC:
	
	CONSOL PENNSYLVANIA COAL COMPANY LLC
		
	By:		  

	Name:		
	Title:		
	
	CONRHEIN:
	
	CONRHEIN COAL COMPANY
		
	By:		MTB LLC,
			its general partner
			
			By:		  

			Name:		
			Title:		
		
	By:		CONSOL Mining Holding Company, LLC,
			its general partner
			
			By:		  

			Name:		
			Title:		
	
	OPERATOR:
	
	CNX THERMAL HOLDINGS LLC
		
	By:		  

	Name:		
	Title:		

 [Signature Page to Pennsylvania Mine Complex Operating Agreement] 

 APPENDIX I 

Definitions 

“Accounting Arbitrator” has the meaning set forth in Section 5.4. 

“Accounting Records” has the meaning set forth in Section 3.4(b). 

“Acquired Assets” means any coal reserves, equipment, or other assets that are jointly acquired by the Parties
primarily in connection with the other Assets after the Execution Date. 
 “Affiliate” means,
with respect to any Person, any Person that directly or indirectly Controls, is Controlled by or is Under Common Control With such Person; provided, however, that for purposes of this Agreement, General
Partner, the Partnership and any subsidiaries of the Partnership, including CTH, shall be deemed not to be “Affiliates” of the CONSOL Parties.  

“Agreed Rate” means, on the applicable date of determination, the LIBOR Rate plus an additional two percentage points
(or, if such rate is contrary to any applicable Law, the maximum rate permitted by such applicable Law). 

“Agreement” has the meaning set forth in the Preamble. 

“Annual Budget” has the meaning set forth in Section 4.3(a). 

“Annual Development Plan” has the meaning set forth in Section 3.1(e). 

“Assets” means the Pennsylvania Mine Complex Assets and any Acquired Assets. 

“Bankruptcy” means, with respect to any Person: (a) the filing by such Person of a voluntary petition seeking
liquidation, reorganization, arrangement or readjustment, in any form, of its debts under the U.S. Bankruptcy Code (or corresponding provisions of future Laws) or any other insolvency Law, or a Person’s filing an answer consenting to or
acquiescing in any such petition; (b) the making by such Person of any assignment for the benefit of its creditors or the admission by a Person of its inability to pay its debts as they mature; or (c) the expiration of 60 days after the
filing or an involuntary petition under the U.S. Bankruptcy Code (or corresponding provisions of future Laws) seeking an application for the appointment of a receiver for the assets of such Person, or an involuntary petition seeking liquidation,
reorganization, arrangement or readjustment of its debts under any other insolvency Law, unless the same shall have been vacated, set aside or stayed within such 60 day period. 

“Business Day” means a day (other than a Saturday or Sunday) on which commercial banks in the State of Pennsylvania
are generally open for business. 
 “Conrhein” has the meaning set forth in the Preamble. 

“CONSOL Insurance” has the meaning set forth in Section 3.3(a). 

“CONSOL Parties” has the meaning set forth in the Preamble. 

  
 APPENDIX I

 PAGE 1 

 “Contract Agency Agreement” means that certain Contract Agency Agreement,
dated as of the Execution Date, between CONSOL Energy Sales Company and Operator, as may be amended, revised, supplemented or otherwise modified from time to time. 

“Contribution Agreement” means that certain contribution agreement dated as of
[            ], 2015 by and among CONSOL Parties and Operator, as may be amended, revised, supplemented or otherwise modified from time to time. 

“Control” (including the terms “Controlled” and “Under Common Control
With”) means with respect to any Person, the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting shares, by contract, or
otherwise. 
 “Cooperation and Safety Agreement” means that certain Cooperation and Safety Agreement,
dated as of the Execution Date, by and among CNX Gas Company LLC, a Virginia limited liability company, CONSOL Parties and Operator, as may be amended, revised, supplemented or otherwise modified from time to time. 

“CPCC” has the meaning set forth in the Preamble. 

“Emergency” means any sudden or unexpected event which causes, or risks causing, (a) substantial damage to any of
the Assets or the property of a Third Party, (b) death of or injury to any Person, (c) damage or substantial risk of damage to natural resources (including wildlife) or the environment, (d) safety concerns associated with continued
operations, or (e) non-compliance with any applicable Law, and, in each case, which event is of such a nature that a response cannot, in the reasonable discretion of Operator, await the decision of the Owning Parties. For the avoidance of
doubt, an “Emergency” shall include any release or threatened release of hazardous substances into the environment that requires notification to any Governmental Authority under applicable Law. 

“Employee Services Agreement” means that certain Employee Services Agreement, dated as of the Execution Date, between
CPCC and Operator, as may be amended, revised, supplemented or otherwise modified from time to time. 
 “Execution
Date” has the meaning set forth in the Preamble. 
 “Force Majeure” means an act
of God; strike, lockout or other similar disturbance; act of the public enemy; war; blockade; public riot; lightning, fire, storm, flood or other act of nature or the elements; explosion; action, delay or inaction of a Governmental Authority that is
reasonably unforeseen or unexpected; unavailable equipment not within the control of the Party claiming suspension; and any other cause, whether of the kind specifically enumerated above or otherwise, which is not reasonably within the control of
the Party claiming suspension. 
 “GAAP” means generally accepted accounting principles in the United States.

 “General and Administrative Services” has the meaning set forth in the Omnibus Agreement. 

  
 APPENDIX I

 PAGE 2 

 “General Partner” means CNX Coal Resources GP LLC, a Delaware limited
liability company. 
 “Governmental Authority” means any federal, state, local, municipal, tribal or other
government; any governmental, regulatory or administrative agency, commission, body or other authority exercising or entitled to exercise any administrative, executive, judicial, legislative, regulatory or taxing authority or power; and any court or
governmental tribunal, including any tribal authority having or asserting jurisdiction. 
 “Law” means any
applicable statute, law, rule, regulation, ordinance, order, code, ruling, writ, injunction, decree or other official act of or by any Governmental Authority. 

“Monthly Estimate” has the meaning set forth in Section 5.1(b). 

“Non-Operating Parties” means any Person other than Operator holding an undivided interest in and to the
Assets and that is currently, or becomes, a Party to this Agreement.  
 “Non-Operating
Representative” has the meaning set forth in Section 4.1(a). 
 “Non-Real Property
Assets” means all assets and properties included in the Assets, other than any real property. 

“Omnibus Agreement” means that certain Omnibus Agreement dated as of the Execution Date by and among
CONSOL Energy Inc., a Delaware corporation, the General Partner, the Partnership, and the other parties thereto, as may be amended, revised, supplemented or otherwise modified from time to time. 

“Operating Account” has the meaning set forth in Section 5.1(a). 

“Operating Committee” has the meaning set forth in Section 4.1(a). 

“Operating Records” has the meaning set forth in Section 3.4(a). 

“Operational Services” has the meaning set forth in Section 3.1. 

“Operator” has the meaning set forth in the Preamble. 

“Operator Representative” has the meaning set forth in Section 4.1(a). 

“Owning Party” means on the one hand, the CONSOL Parties (collectively) and their permitted successors and assigns and
on the other hand, Operator and its permitted successors and assigns. 
 “Partnership” means CNX Coal Resources LP,
a Delaware limited partnership. 
 “Party” and “Parties” has the meaning set forth in the
Preamble. 
 “Pennsylvania Mine Complex” has the meaning set forth in the Recitals. 

  
 APPENDIX I

 PAGE 3 

 “Pennsylvania Mine Complex Agreements” means the Omnibus Agreement, the
Employee Services Agreement, the Cooperation and Safety Agreement, the Contract Agency Agreement, the Water Supply and Services Agreement, the Terminal and Throughput Agreement and this Agreement. 

“Pennsylvania Mine Complex Assets” has the meaning set forth in the Contribution Agreement. 

 “Percentage Interest” means, as of the applicable time of determination, an Owning Party’s undivided
interest in the Pennsylvania Mine Complex, as such undivided interest may change from time to time. 

“Permit” means any permits, approvals or authorizations by, or filings with, Governmental
Authorities. 
 “Permitted Encumbrance” means any or all of the following:

 (a) liens for Taxes or assessments not yet delinquent or if delinquent, being contested in good faith in the
ordinary course of business by appropriate actions; 
 (b) materialman’s, mechanic’s, repairman’s,
employee’s, contractor’s, operator’s and other similar liens or charges arising in the ordinary course of business for amounts not yet delinquent (including any amounts being withheld as provided by Law), or if delinquent, being
contested in good faith by appropriate actions; 
 (c) easements, rights-of-way, covenants, servitudes, Permits, surface
leases and other rights in respect of surface operations that do not prevent or adversely affect operations as currently conducted on the Assets; 

(c) all rights reserved to or vested in any Governmental Authority to control or regulate any of the Assets in any manner or to
assess tax with respect to the Assets, the ownership, use or operation thereof, or revenue, income or capital gains with respect thereto, and all obligations and duties under all applicable Laws of any such Governmental Authority or under any
franchise, grant, license or Permit issued by any Governmental Authority; and 
 (d) liens of landowners that (i) do not
materially interfere with the use or ownership of the Assets subject thereto or affected thereby (as currently used or owned); and (ii) secure amounts not yet delinquent. 

“Person” means any individual, corporation, company, partnership, limited partnership, limited liability company,
trust, estate, Governmental Authority or any other entity. 
 “Records” has the meaning set forth in
Section 3.4(b). 
 “Reports” has the meaning set forth in Section 3.1(h).

  
 APPENDIX I

 PAGE 4 

 “Taxes” means all federal, state, local, and foreign
income, profits, franchise, sales, use, ad valorem, property, severance, production, excise, stamp, documentary, real property transfer or gain, gross receipts, goods and services, registration, capital, transfer, or withholding taxes or other
assessments, duties, fees or charges imposed by any Governmental Authority, including any interest, penalties or additional amounts that may be imposed with respect thereto. 

“Ten Year Mine Plan” has the meaning set forth in Section 3.1(e). 

“Term” has the meaning set forth in Section 7.1. 

“Terminal and Throughput Agreement” means that certain Terminal and Throughput Agreement, dated as of the Execution
Date, between [             ] and CTH, as may be amended, revised, supplemented or otherwise modified from time to time. 

“Third Party” means any Person other than a Party to this Agreement or an Affiliate of a Party to this Agreement. 

“Transition Period” means the period from the termination of this Agreement to the date that is 180 days after such
termination or such shorter period as the Owning Parties may agree. 
 “Water Supply and Services Agreement” means
that certain Water Supply and Services Agreement, dated as of the Execution Date, between CNX Water Assets LLC and CTH, as may be amended, revised, supplemented or otherwise modified from time to time. 

  
 APPENDIX I

 PAGE 5

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