Document:

EX-10.1

 Exhibit 10.1 

Final Form 

Confidential 

VOTING AND SUPPORT AGREEMENT 

THIS VOTING AND SUPPORT AGREEMENT (this “Agreement”) is made and entered into as of July 5, 2022,
by and among Domtar Corporation, a Delaware corporation (“Parent”); and Hamblin Watsa Investment Counsel Ltd., a Canadian corporation, in its capacity as investment manager and/or authorized power of attorney in respect of the
Covered Shares (as defined below) held by the entities listed on Schedule I hereto (“Stockholder”). 

WHEREAS, contemporaneously with the execution of this Agreement, Parent, Terra Acquisition Sub Inc., a Delaware corporation
and a direct wholly owned subsidiary of Parent (“Merger Sub”), and Resolute Forest Products Inc., a Delaware corporation (the “Company”), are entering into an Agreement and Plan of Merger, dated as of the date
hereof (the “Merger Agreement”), providing, among other things, for an integrated transaction pursuant to which Merger Sub will be merged with and into the Company (the “Merger”) in accordance with the Merger
Agreement and the General Corporation Law of the State of Delaware (the “DGCL”), with the Company as the surviving corporation; and 

WHEREAS, as a condition of and inducement to Parent’s willingness to enter into the Merger Agreement, Parent and the
Merger Sub have required that Stockholder enter into this Agreement. 
 NOW, THEREFORE, in consideration of the foregoing
and the respective representations, warranties, covenants and agreements set forth in this Agreement and in the Merger Agreement, and intending to be legally bound hereby, the parties hereto agree as follows: 

1. Certain Definitions. For the purposes of this Agreement, capitalized terms used but not otherwise defined in this
Agreement shall have the meanings ascribed to them in the Merger Agreement, and other capitalized terms used herein shall have the respective meanings ascribed to them in this Section 1. 

“Additional Owned Shares” shall mean all shares of Company Common Stock and any other equity securities of
the Company which become beneficially owned by Stockholder, the entities listed on Schedule I, or any of their respective controlled Affiliates, after the date hereof and prior to the Expiration Date. 

“Affiliate” shall have the meaning set forth in the Merger Agreement; provided, however, that the
Company and its subsidiaries shall not be deemed to be Affiliates of Stockholder or of any of its Affiliates. 

“beneficial ownership” (and related terms such as “beneficially owned” or “beneficial
owner”) shall have the meaning set forth in Rule 13d-3 under the Exchange Act, and a Person’s beneficial ownership of securities shall be calculated in accordance with the provisions of such rule (in
each case, irrespective of whether or not such rule is actually applicable in such circumstance). 
 “Beneficial
Ownership Disclosure” means the Schedule 13D filed by or on behalf of Stockholder and/or its Affiliates with respect to the Covered Shares, as amended through the date of this Agreement. 

  
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 “Company Stockholders Meeting” shall have the meaning set
forth in Section 2 hereof. 
 “Covered Shares” shall mean the Owned Shares and
Additional Owned Shares. 
 “Exempt Transfer” means any Transfer of Covered Shares to (i) any
member of the Fairfax Group provided that the Stockholder continues to beneficially own the Covered Shares to the same extent or (ii) pursuant to the AVLN Transfer (as further described in the Beneficial Ownership Disclosure) to any member of
the Fairfax Group. 
 “Fairfax Group” means Fairfax Financial Holdings Inc., and its controlled Affiliates.

 “knowledge of Stockholder” shall mean the actual knowledge, after reasonable inquiry, of the Chief Risk
Officer and General Counsel of Stockholder. 
 “Owned Shares” shall mean all shares of Company Common Stock
and any other equity securities of the Company which are beneficially owned by Stockholder, the entities listed on Schedule I, or any of their respective controlled Affiliates, as of the date hereof, as set forth on Schedule I. 

“Representatives” shall mean, with respect to a Person, all of the officers, directors, employees,
consultants, legal representatives, agents, advisors, auditors, investment bankers, and other representatives of such Person and, solely with respect to any Stockholder that is not an individual, any of its controlled Affiliates. 

“RiverStone Europe Companies” shall mean RiverStone Corporate Capital Limited and RiverStone Insurance (UK)
Limited. 
 “Term” shall have the meaning set forth in Section 6 hereof. 

“Transfer” shall mean, with respect to a security, the transfer, pledge, hypothecation, encumbrance,
assignment or other disposition (whether by sale, merger, consolidation, liquidation, dissolution, dividend, distribution or otherwise) of such security or the beneficial ownership thereof, the offer to make such a transfer or other disposition, and
each option, agreement, arrangement or understanding, whether or not in writing, to effect any of the foregoing. As a verb, “Transfer” shall have a correlative meaning. 

2. Agreement to Vote. Prior to the Expiration Date, at any meeting of the stockholders of the Company, however called,
or at any adjournment or postponement thereof, or in any other circumstance in which the vote, consent or other approval of the stockholders of the Company is sought (each, a “Company Stockholders Meeting”), Stockholder irrevocably
and unconditionally (except as expressly provided herein) agrees that it shall, and shall cause any other holder of record of the Covered Shares to, either (a) appear at each such meeting or otherwise cause all Covered Shares to be counted as
present thereat for purposes of calculating a quorum and vote (or cause to be voted) all Covered Shares, or (b) if action is to be taken by written consent in lieu of a Company Stockholders Meeting, execute and deliver a written consent (or
cause a written consent to be executed and delivered) covering all Covered Shares (in each case to the extent that the Covered Company Shares are entitled to vote thereon or consent thereto): 

(i) in favor of the adoption of the Merger Agreement and the approval of the Merger and the other transactions
contemplated by the Merger Agreement; 

  
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 (ii) in favor of any adjournment or postponement recommended
by the Company with respect to any Company Stockholders Meeting to the extent permitted or required pursuant to Section 5.3 of the Merger Agreement; 

(iii) against any Company Acquisition Proposal; 

(iv) against any merger agreement or merger (other than the Merger Agreement and the Merger), consolidation,
combination, sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by the Company, in each case except as consented to by Parent or as expressly permitted by the Merger Agreement; and 

(v) against any proposal, action or agreement submitted to the stockholders of the Company (other than any
proposal, action or agreement that is consented to by Parent or is otherwise expressly permitted by the Merger Agreement) that is intended to (A) materially impede, frustrate, interfere with, delay, postpone, prevent or otherwise impair the
Merger or the other transactions contemplated by the Merger Agreement or (B) result in any of the conditions set forth in Article VIII of the Merger Agreement not being fulfilled. Stockholder shall not commit or agree to take any action
inconsistent with the foregoing. 
 3. No Disposition or Solicitation. 

(a) No Disposition. Stockholder hereby covenants and agrees that, except as contemplated by this Agreement and the
Merger Agreement, prior to the Expiration Date, Stockholder shall not (i) offer to Transfer, Transfer or consent to any Transfer of any or all of the Covered Shares or the beneficial ownership thereof without the prior written consent of
Parent, (ii) enter into any contract, option or other agreement or understanding with respect to any Transfer of any or all Covered Shares or any beneficial ownership thereof, or (iii) deposit any or all of the Covered Shares into a voting
trust or enter into a voting agreement or arrangement with respect to any or all of the Covered Shares other than investment management agreements with, and
powers-of-attorney held by, Stockholder, or (iv) grant any proxy, power-of-attorney
or other authorization or consent in or with respect to any or all of the Covered Shares that is inconsistent with Section 2 hereof. Notwithstanding the foregoing but subject to Section 9(d)
hereof, Stockholder may Transfer Covered Shares pursuant to an Exempt Transfer. If any involuntary Transfer of any of the Covered Shares shall occur (including, but not limited to, a sale by Stockholder’s trustee in any bankruptcy, or a sale to
a purchaser at any creditor’s or court sale), the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Covered Shares subject to all of the
restrictions, liabilities and rights under this Agreement, which shall continue in full force and effect. Any attempted Transfer (including Exempt Transfer) of Covered Shares or any interest therein in violation of this
Section 3(a) shall be null and void ab initio. 

  
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 (b) Non-Solicitation.
Stockholder has read Section 7.2 of the Merger Agreement and agrees that such Stockholder and its employees and Affiliates will not, directly or indirectly, take any action that would violate Section 7.2 of the Merger Agreement if
Stockholder and its employees and Affiliates were deemed Representatives of the Company for purposes of Section 7.2 of the Merger Agreement; provided, the foregoing shall not serve to limit or restrict any actions taken by Stockholder or its
employees and Affiliates in any such Person’s capacity as a director of the Company, to the extent such actions are permitted or required under Section 7.2 of the Merger Agreement or this Agreement. Notwithstanding anything to the contrary
herein, this Agreement shall not restrict the ability of such Stockholder and its Affiliates and their respective Representatives to review and privately discuss with the Company any Acquisition Proposal or Superior Proposal, including to privately
discuss and confirm to the Company the willingness of Stockholder to support and sign a voting and support agreement in connection therewith in the event of any termination of the Merger Agreement or Company Adverse Recommendation Change. 

4. Additional Agreements. 

(a) Certain Events. In the event of any stock split, stock dividend, merger, reorganization, recapitalization or other
change in the capital structure of the Company affecting the Covered Shares or the acquisition of Additional Owned Shares or other securities or rights of the Company by Stockholder, (i) the type and number of Covered Shares shall be adjusted
appropriately, and (ii) this Agreement and the obligations hereunder shall automatically attach to any additional Covered Shares or other securities or rights of the Company issued to or acquired by Stockholder. 

(b) Waiver of Appraisal and Dissenters’ Rights and Actions. Stockholder, on behalf of itself and any
other beneficial owner of Covered Shares, hereby (i) waives and agrees not to exercise any rights of appraisal or rights to dissent from the Merger that Stockholder may have and (ii) agrees not to commence or participate in, assist or
knowingly encourage, and to take all actions necessary to opt out of, any class in any class action with respect to, any action or claim, derivative or otherwise, against Parent, Merger Sub, the Company or any of their respective Subsidiaries or
Affiliates and each of their successors and assigns relating to the negotiation, execution or delivery of this Agreement or the Merger Agreement or the consummation of the Merger, including any claim (A) challenging the validity of, or seeking
to enjoin the operation of, any provision of this Agreement (including any claim seeking to enjoin or delay the closing of the Merger) or (B) alleging a breach of any fiduciary duty of the Company Board in connection with the Merger Agreement
or the transactions contemplated thereby; provided that nothing in this Section 4(b) shall restrict or prohibit Stockholder on behalf of itself and any other beneficial owner of Covered Shares, from asserting
(x) its right to receive the Merger Consideration in accordance with the Merger Agreement and the DGCL or any of its other rights under this Agreement or the Merger Agreement or (y) counterclaims or defenses in any proceeding
brought or claims asserted against it by Parent, Merger Sub, the Company or any of their respective Subsidiaries or Affiliates and each of their successors and assigns relating to this Agreement or the Merger Agreement, or from enforcing its
rights under this Agreement. 

  
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 (c) Communications. Stockholder (i) hereby consents to and
authorizes the publication and disclosure by Parent and the Company in any press release or the Proxy Statement (including all documents and schedules filed with the SEC) or other disclosure document required under applicable Law in connection with
the Merger Agreement or the transactions contemplated thereby, its identity and ownership of shares of Company Common Stock, the nature of its commitments, arrangements and understandings pursuant to this Agreement and such other information
reasonably required under applicable Law in connection with such publication or disclosure (“Stockholder Information”), (ii) hereby agrees to cooperate with Parent and the Company in connection with such filings, including providing
Stockholder Information reasonably requested by Parent or the Company and necessary in connection with such filings and (iii) hereby agrees as promptly as practicable to notify Parent of any required corrections with respect to any written
information supplied by Stockholder specifically for use in any such filings. Parent shall provide Stockholder with reasonable advance notice of and opportunity to review and comment on such draft documentation (or excerpts thereof to the extent
related to Stockholder and its Affiliates) and consider and take into account all reasonable comments of Stockholder regarding disclosure related to the Stockholder and its affiliates. Parent hereby consents to and authorizes the publication and
disclosure by each Stockholder and its Affiliates of this Agreement and any Stockholder Information in any document, schedule or other disclosure required by applicable Law (including any Schedule 13D or other filing with the SEC). 

(d) Additional Owned Shares. Stockholder hereby agrees to notify Parent promptly (and in any event within 1 Business
Day of filing an amendment to its Schedule 13D) in writing of the number and description of any Additional Owned Shares. 

(e) FIRPTA Certificate. Reasonably promptly (and in no event later than 60 days after the Closing Date), Parent shall
cause the Company to deliver to each stockholder listed on Schedule II hereof, and to any permitted transferee of such stockholder pursuant to an Exempt Transfer with respect to which Parent has received written notice, a certificate to the effect
that such stockholder’s applicable interest in the Company is not, and has not been during the relevant period specified in Section 897(c)(1)(A)(ii) of the Code, a “United States real property interest” within the meaning of
Section 897 of the Code and the Treasury Regulations promulgated thereunder, together with a corresponding notice to the U.S. Internal Revenue Service, which certificate and notice shall be reasonably satisfactory to Stockholder and in
accordance with Treasury Regulations Sections 1.897-2(g)(1)(ii)(A) and 1.897-2(h) (such certificate and notice, collectively, a “FIRPTA Certificate”). Parent
shall cause Company to authorize each such stockholder to deliver a copy of such certificate and such notice to the U.S. Internal Revenue Service on behalf of the Company within 30 days after such stockholder’s receipt thereof. 

5. Representations and Warranties of Stockholder. Stockholder hereby represents and warrants to Parent as follows: 

(a) Ownership of Shares; Investment Power and Control or Direction. As of the date hereof: (i) the entities listed
in Schedule I are each the beneficial owners of the Owned Shares set forth opposite their names in Schedule I; and (ii) the Stockholder beneficially owns (namely having voting power and/or investment management power) all of the
Owned Shares. The Owned Shares constitute all of the Company Common Stock that may be directed by the Stockholder. Other than the Owned Shares, neither the Stockholder nor any of its Affiliates, beneficially owns, or exercises control or direction
over any additional or other capital stock, any other equity securities, or any securities convertible or exchangeable into any additional capital stock or other equity securities, of Company or any of its Affiliates. Except as permitted by this
Agreement (including pursuant to an Exempt Transfer), the Owned Shares are now, and at all times prior to the Expiration Date will be, beneficially owned by Stockholder and held by or on behalf of the entities listed in Schedule I, or by a
nominee or custodian for the benefit of such entities. 

  
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 (b) Organization and Qualification. Stockholder is a legal entity
duly organized, validly existing and, to the extent such concept is applicable, in good standing under the laws of the jurisdiction of its organization. 

(c) Authority. Stockholder has all necessary entity power and authority and legal capacity to execute, deliver and
perform all of Stockholder’s obligations under this Agreement, and no other proceedings or actions on the part of Stockholder are necessary to authorize the execution, delivery or performance of this Agreement. 

(d) Due Execution and Delivery. This Agreement has been duly and validly executed and delivered by Stockholder and,
assuming due authorization, execution and delivery hereof by Parent, constitutes a legal, valid and binding agreement of Stockholder, enforceable against Stockholder in accordance with its terms, subject to the Bankruptcy and Equity Exception. 

(e) No Filings; No Conflict or Default. Except for any required filings under applicable securities Laws, the HSR Act,
any competition, antitrust and investment laws or regulations of foreign jurisdictions and the Exchange Act, and for those Governmental Authorizations identified in Part 3.3(d) of the Company Disclosure Letter, no filing with, and no permit,
authorization, consent or approval of, any Governmental Entity is necessary for the execution and delivery of this Agreement by Stockholder. None of the execution and delivery of this Agreement by Stockholder will (i) result in a violation or
breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party right of termination, cancellation, modification or acceleration) under, any of the terms, conditions or provisions of any Contract
to which Stockholder is a party or by which Stockholder or any of Stockholder’s properties or assets may be bound, (ii) violate any judgment, order, writ, injunction, decree or award of any court, administrative agency or other
Governmental Entity that is applicable to Stockholder or any of Stockholder’s properties or assets, (iii) constitute a violation by Stockholder of any law or regulation of any jurisdiction applicable to Stockholder, (iv) render
Section 203 of the DGCL, or any other state takeover statute or similar statute or regulation, applicable to the Merger, or (v) contravene or conflict with Stockholder’s governing or organizational documents, in each case, except, in
the case of clauses (i) through (iv), for any conflict, breach, default or violation described above which would not reasonably be expect to materially impair the ability of Stockholder to perform its obligations under this Agreement. 

(f) No Litigation. As of the date hereof, there is no action, investigation or proceeding pending or, to the knowledge
of Stockholder, threatened against Stockholder at law or in equity before or by any Governmental Entity that restricts or prohibits (or, if successful, would restrict or prohibit) the beneficial or record ownership of Stockholder’s Covered
Shares or that would reasonably be expected to impair the ability of Stockholder to perform its obligations under this Agreement. 

  
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 (g) No Fees. No broker, finder or investment banker is entitled to
any brokerage, finder’s or other similar fee or commission in connection with this Agreement or the Merger based upon arrangements made by or on behalf of Stockholder. 

6. Representations and Warranties of Parent. Parent hereby represents and warrants to Stockholder as follows: 

(a) Organization and Qualification. Parent is a legal entity duly organized, validly existing and, to the extent such
concept is applicable, in good standing under the laws of the jurisdiction of its organization. 
 (b) Authority.
Parent has all necessary corporate power and authority and legal capacity to execute, deliver and perform all of Parent’s obligations under this Agreement, and no other proceedings or actions on the part of Parent are necessary to authorize the
execution, delivery or performance of this Agreement. 
 (c) Due Execution and Delivery. This Agreement has been duly
and validly executed and delivered by Parent and, assuming due authorization, execution and delivery hereof by Stockholder, constitutes a legal, valid and binding agreement of Parent, enforceable against Parent in accordance with its terms, subject
to the Bankruptcy and Equity Exception. 
 (d) No Filings; No Conflict or Default. Except for any required filings
under the HSR Act, any competition, antitrust and investment laws or regulations of foreign jurisdictions and the Exchange Act, and for those Governmental Authorizations identified in Part 3.3(d) of the Company Disclosure Letter, no filing with, and
no permit, authorization, consent or approval of, any Governmental Entity is necessary for the execution and delivery of this Agreement by Parent. None of the execution and delivery of this Agreement by Parent will (i) result in a violation or
breach of, or constitute (with or without notice or lapse of time or both) a default (or give rise to any third party right of termination, cancellation, modification or acceleration) under, any of the terms, conditions or provisions of any Contract
to which Parent is a party or by which Parent or any of Parent’s properties or assets may be bound, (ii) violate any judgment, order, writ, injunction, decree or award of any court, administrative agency or other Governmental Entity that
is applicable to Parent or any of Parent’s properties or assets, (iii) constitute a violation by Parent of any law or regulation of any jurisdiction, or (iv) contravene or conflict with Parent’s governing or organizational
documents, in each case, except, in the case of clauses (i) through (iii), for any conflict, breach, default or violation described above which would not materially impair the ability of Parent to perform its obligations under this Agreement.

 (e) No Litigation. As of the date hereof, there is no action, investigation or proceeding pending or, to the
knowledge of Parent, threatened against Parent at law or in equity before or by any Governmental Entity that restricts or prohibits (or, if successful, would restrict or prohibit) the validity of this Agreement or that would reasonably be expected
to impair the ability of Parent to perform its obligations under this Agreement. 
 (f) Other Voting Agreements.
Parent has delivered to Stockholder a complete and accurate copy of each other voting agreement (however characterized) being entered into with stockholders, directors or officers of the Company in connection with the Merger. 

  
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 (g) No Other Representations. Parent acknowledges and agrees that
other than the representations expressly set forth in this Agreement, no Stockholder has made, or is making, any representations or warranties to Parent with respect to the Company, such Stockholder’s ownership of Company Common Stock, the
Merger Agreement or any other matter. Parent hereby specifically disclaims reliance upon any representations or warranties (other than the representations expressly set forth in this Agreement). 

7. Termination. This Agreement and all rights and obligations of the parties hereunder shall commence on the date
hereof and shall terminate upon the earliest to occur of the following (such time, the “Expiration Date”): (a) the mutual agreement of Parent and Stockholder, (b) the Effective Time, (c) the valid termination of the Merger
Agreement pursuant to Article IX thereof, (d) a Company Adverse Recommendation Change has occurred as contemplated by Section 7.2 of the Merger Agreement, or (e) without Stockholder’s prior written consent, any amendment to the
Merger Agreement that in any way decreases the amount or changes the form of the Merger Consideration, or (f) the occurrence of the End Date; provided that (i) nothing herein shall relieve any party hereto from liability for any
Willful Breach of this Agreement and (ii) Section 4(e), Section 6, and Section 9, hereof shall survive any termination of this Agreement; provided that
Section 9(b) and Section 9(l) shall only apply to any provisions that survive termination of this Agreement. 

8. No Limitation. Nothing in this Agreement shall be construed to prohibit Stockholder or any of Stockholder’s
Representatives who is an officer or member of the Company Board from taking any action (or failing to take any action) solely in his or her capacity as an officer or member of the Company Board (or any committee thereof) or from taking any action
with respect to any Company Acquisition Proposal as an officer or member of the Company Board (or any committee thereof). 

9. Miscellaneous. 

(a) Entire Agreement. This Agreement (together with Schedule I) constitutes the entire agreement and supersedes
all prior and contemporaneous agreements and understandings, both written and oral, among or between any of the parties hereto with respect to the subject matter hereof. 

(b) Reasonable Efforts. At the other party’s reasonable request and without further consideration, each party
hereto shall use reasonable best efforts to take all such further lawful action as may be reasonably required or necessary to comply with its obligations hereunder. 

(c) No Assignment. This Agreement shall be binding upon, and shall be enforceable by and inure to the benefit of, the
parties hereto and their respective successors and permitted assigns. Except in connection with an Exempt Transfer, this Agreement shall not be assignable by any party, in whole or in part, by operation of law or otherwise, without the express prior
written consent of the other parties hereto. Any attempted assignment in violation of the terms of this Section 8(c) shall be null and void ab initio. 

  
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 (d) Binding Successors. Without limiting any other rights Parent may
have hereunder in respect of any Transfer (including Exempt Transfer) of the Covered Shares, Stockholder agrees that this Agreement and the obligations hereunder shall attach to the Covered Shares beneficially owned by Stockholder and its Affiliates
and shall be binding upon any Person to which beneficial ownership of such Covered Shares shall pass, whether by operation of law or otherwise, including, without limitation, Stockholder’s heirs, guardians, administrators, Representatives,
successors or permitted assigns. 
 (e) Amendments. This Agreement may be amended at any time prior to the Effective
Time (whether before or after receipt of the Company Stockholder Approval) by an instrument in writing signed on behalf of each of the parties hereto. 

(f) Notices. Any notice or other communication required or permitted to be delivered to any party under this Agreement
shall be in writing and shall be deemed properly given and made as follows: (i) if sent by registered or certified mail in the United States, return receipt requested, then such communication shall be deemed duly given and made upon receipt;
(ii) if sent by nationally recognized overnight air courier (such as DHL or Federal Express), then such communication shall be deemed duly given and made two (2) Business Days after being sent; (iii) if sent by electronic mail, when
transmitted (provided that the transmission of the email is promptly confirmed by telephone or response email); and (iv) if otherwise actually personally delivered to a duly authorized representative of the recipient, then such
communication shall be deemed duly given and made when delivered to such authorized representative, provided that such notices, requests, demands and other communications are delivered to the address set forth below, or to such other address
as any party shall provide by like notice to the other parties to this Agreement: 
 if to Parent: 

Domtar Corporation 

234 Kingsley Park Drive 

Fort Mill, South Carolina 29715 

Attention: Nancy Klembus 

  Senior Vice President, General Counsel 

  And Corporate Secretary 

Email:      Nancy.Klembus@domtar.com 

with a copy (which shall not constitute notice) to: 

Latham & Watkins LLP 

1271 Avenue of the Americas 

New York, NY 10020 

Attention: Robert M. Katz; Jason Morelli 

Email:       Robert.Katz@lw.com; Jason.Morelli@lw.com 

if to Stockholder: 

Hamblin Watsa Investment Counsel Ltd.$ 

95 Wellington Street West 

Suite 802 

Toronto, Ontario, Canada 

M5J 2N7$ 

Attention: Derek Bulas 

Email:       dbulas@fairfax.ca 

  
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 with a copy (which shall not constitute notice) to: 

Torys LLP 

1114 Avenue of the Americas, 23rd Floor 

New York, NY 10036 

Attention: Michael Horwitz and Mile Kurta 

Email:       mhorwitz@torys.com and mkurta@torys.com 

(g) Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any
jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. If the final judgment
of a court of competent jurisdiction declares that any term or provision hereof is invalid or unenforceable, the parties hereto agree that the court making such determination shall have the power to limit the term or provision, to delete specific
words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this
Agreement shall be enforceable as so modified. In the event such court does not exercise the power granted to it in the prior sentence, the parties hereto agree to replace such invalid or unenforceable term or provision with a valid and enforceable
term or provision that will achieve, to the extent possible, the economic, business and other purposes of such invalid or unenforceable term. 

(h) Remedies. All rights, powers and remedies provided under this Agreement or otherwise available in respect hereof at
law or in equity shall be cumulative and not alternative, and the exercise of any such right, power or remedy by any party hereto shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party. 

(i) No Waiver. Except as otherwise provided in this Agreement, any failure of any of the parties to comply with any
obligation, covenant, agreement or condition herein may be waived by the party or parties entitled to the benefits thereof only by a written instrument signed by the party granting such waiver. Any such waiver shall not be applicable or have any
effect except in the specific instance in which it is given. No failure on the part of any party to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part of any party in exercising any power, right, privilege
or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy. No single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other
power, right, privilege or remedy. 
 (j) No Third Party Beneficiaries. This Agreement shall be binding upon and
inure solely to the benefit of each party hereto, and nothing in this Agreement, express or implied, is intended to confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Agreement. 

  
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 (k) Applicable Law; Jurisdiction. 

(i) This Agreement is made under, and shall be construed and enforced in accordance with, the laws of the State
of Delaware applicable to agreements made and to be performed solely therein, without giving effect to principles of conflicts of law. Each of the parties hereto (A) consents to and submits to the exclusive personal jurisdiction of the Court of
Chancery of the State of Delaware or, if that court does not have jurisdiction, a federal court sitting in Delaware in any action or proceeding arising out of or relating to this Agreement; (B) agrees that all claims in respect of such action
or proceeding shall be heard and determined in any such court; (C) shall not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any such court; and (D) shall not bring any action or proceeding
arising out of or relating to this Agreement in any other court. Each of the parties hereto waives any defense of inconvenient forum to the maintenance of any action or proceeding so brought and waives any bond, surety or other security that might
be required of any other Person with respect thereto. 
 (ii) EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LEGAL REQUIREMENTS ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. Each of the parties hereto
acknowledges that it and the other parties have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in this Section 9(k). 

(l) Specific Performance. Each of the parties hereto agrees that irreparable damage would occur in the event that any
of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached, and that monetary damages, even if available, would not be an adequate remedy therefor. It is accordingly agreed that, in
addition to any other remedy that a party hereto may have under law or in equity, in the event of any breach or threatened breach by Parent or Stockholder of any covenant or obligation of such party contained in this Agreement, the other parties
shall be entitled to obtain (i) an Order of specific performance to enforce the observance and performance of such covenant; and (ii) an injunction restraining such breach or threatened breach. In the event that any action is brought in
equity to enforce the provisions of this Agreement, no party hereto shall allege, and each party hereto hereby waives the defense or counterclaim, that there is an adequate remedy at law. Each party hereto further agrees that no other party hereto
or any other Person shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining any remedy referred to in this Section 9(l), and each party hereto
irrevocably waives any right it may have to require the obtaining, furnishing or posting of any such bond or similar instrument. 

(m) Interpretation. The descriptive headings used herein are inserted for convenience of reference only and are not
intended to be part of or to affect the meaning or interpretation of this Agreement. The words “include” and “including,” and variations thereof, shall not be deemed to be terms of limitation, but rather shall be deemed to be
followed by the words “without limitation.” The parties hereto have participated jointly in the negotiation and drafting of this Agreement. No provision of this Agreement shall be interpreted for or against any party hereto because that
party or its legal representatives drafted the provision. The words “hereof,” “hereto,” “hereby,” “herein,” “hereunder” and words of similar import, when used in this Agreement, shall refer to this
Agreement as a whole and not any particular section in which such words appear. 

  
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 (n) Counterparts. This Agreement may be executed and delivered
(including by facsimile or other form of electronic transmission) in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken
together shall constitute one and the same agreement. The exchange of a fully executed Agreement (in counterparts or otherwise) by facsimile or other electronic delivery shall be sufficient to bind the parties to the terms and conditions of this
Agreement. 
 (o) Expenses. Except as otherwise provided herein, each party hereto shall pay such party’s own
expenses incurred in connection with this Agreement. 
 (p) No Ownership Interest. Nothing contained in this
Agreement shall be deemed, upon execution, to vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to any Covered Shares, and Parent shall have no authority to manage, direct, superintend, restrict, regulate,
govern or administer any of the policies or operations of the Company or exercise any power or authority to direct Stockholder or any of the entities listed on Schedule I hereto in the voting of any of the Covered Shares, except as otherwise
provided herein. 
 (q) Capacity as Stockholder. Notwithstanding anything herein to the contrary, Stockholder signs
this Agreement solely in its capacity as investment manager of and/or authorized power of attorney in respect of the Covered Shares held by the entities listed in Schedule I, and not in any other capacity, and this Agreement shall not limit or
otherwise affect the actions (or failure to take any actions) of any Affiliate, director, employee or designee of Stockholder or any of its Affiliates in his or her capacity, if applicable, as an officer or director of the Company or any other
Person. 
 (r) RiverStone Europe Companies. Notwithstanding any other term of this Agreement, Affiliates of the
RiverStone Europe Companies shall not be bound by or subject to the terms of this Agreement in any manner whatsoever. 
 [Signature page
follows] 

  
 12 

 IN WITNESS WHEREOF, Parent and Stockholder have caused this Agreement to be
duly executed as of the date first above written. 
  

			
	DOMTAR CORPORATION
		
	By:	 	 
	Name:	 	John D. Williams
	Title:	 	President and CEO

 [Signature Page to Voting and Support Agreement] 

 
			
	HAMBLIN WATSA INVESTMENT COUNSEL LTD. 
		
	By: 	 	 
	Name:	 	Peter Clarke
	Title:	 	Chief Risk Officer

 [Signature Page to Voting and Support Agreement] 

 SCHEDULE I* 

 

					
	 Portfolio Legal Name or other holders**
	  	Shares of Company
Common Stock	 
	 Wentworth Insurance Company Ltd.
	  	 	294,600	 
	 CRC Reinsurance Limited
	  	 	1,456,803	 
	 Federated Insurance Company of Canada
	  	 	198,735	 
	 Northbridge General Insurance Corporation
	  	 	2,318,774	 
	 Verassure Insurance Company
	  	 	524,807	 
	 United States Fire Insurance Company
	  	 	4,199,893	 
	 The North River Insurance Company
	  	 	823,731	 
	 TIG Insurance Company
	  	 	746,111	 
	 Zenith Insurance Company
	  	 	8,281,136	 
	 Allied World Insurance Company
	  	 	1,000,000	 
	 Allied World Specialty Insurance Company
	  	 	1,364,610	 
	 Brit Reinsurance (Bermuda) Limited
	  	 	1,719,099	 
	 HWIC Global Equity Fund
	  	 	1,832,041	 
	 Fairfax Financial Holdings Master Trust Fund
	  	 	183,229	 
	 RiverStone Corporate Capital Limited***
	  	 	2,910,400	 
	 RiverStone Insurance (UK) Limited***
	  	 	2,694,221	 
	 Total (as of the date hereof)
	  	 	30,548,190	 

  

	*	 Additional detail set forth in the Beneficial Ownership Disclosure. 

	**	 For purposes of this Agreement, the address for each portfolio is c/o Stockholder, as set forth in
Section 9(f). 

	***	 Pursuant to the Asset Value Loan Notes, Stockholder has retained sole control over voting regarding Owned
Shares, as described in more detail in the Beneficial Ownership Disclosure and pursuant to a Power of Attorney granted by each of the RiverStone Europe Companies in favor of Stockholder. 

 SCHEDULE II 

 

	1.	 Fairfax Financial Holdings Limited 

	2.	 Wentworth Insurance Company Ltd. 

	3.	 Brit Reinsurance (Bermuda) Limited 

	4.	 Federated Insurance Company of Canada 

	5.	 Northbridge General Insurance Corporation 

	6.	 Verassure Insurance Company 

	7.	 CRC Reinsurance Limited 

	8.	 Fairfax Financial Holdings Master Trust Fund 

	9.	 HWIC Global Equity Fund 

	10.	 RiverStone Corporate Capital Limited 

	11.	 RiverStone Insurance (UK) LimitedExhibit 10.1

    

    FORM OF EXECUTIVE PERFORMANCE STOCK UNIT AGREEMENT

    This Performance Stock Unit Agreement (this “Agreement”) is made and entered into as of July 12, 2022 (the “Grant Date”) by and between Target Hospitality
      Corp., a Delaware corporation (the “Company”), and [EXECUTIVE] (the “Participant”). This Agreement is being entered into pursuant to the Target Hospitality Corp. 2019 Incentive Award Plan (the “Plan”). Capitalized terms used in this Agreement but not defined herein will have the meaning ascribed to them in the Plan.

    1. Grant of Performance Units. Pursuant to Section 9 of the Plan, the Company
        hereby issues to the Participant on the Grant Date an Award consisting of [NUMBER] Restricted Stock Units (the “Performance Units”), subject to adjustment as specified on Exhibit A to this Agreement. Each Performance Unit represents the right to receive one Common Share, subject to the terms and
          conditions set forth in this Agreement and the Plan. The Performance Units shall be credited to a separate account maintained for the Participant on the books and records of the Company (the “Account”). All amounts credited to the Account shall continue for all purposes to be part of the general assets of the Company.

    2. Consideration. The grant of the Performance Units is made in consideration of the
        services to be rendered by the Participant to the Company.

    3. Vesting. Except as otherwise provided herein or in the Plan, the Performance Units
        shall become vested based on (i) continued service with the Company until the June 30, 2025 (the “Restricted Period”), and (ii) the attainment of the Performance Criteria specified on Exhibit A to this
        Agreement.  Any portion of the Performance Units that does not become vested in accordance with the preceding provisions of this Section 3 and Exhibit A
        shall be forfeited to the Company for no consideration as of the date of the termination of the Employee’s employment with the Company. Once vested, the Performance Units shall become “Vested Units.”

    4. Termination of Service/Employment.  Notwithstanding any provision to the contrary in the
          employment agreement entered into between the Participant and Target Logistics Management, LLC, dated January 29, 2019 and as amended on January 1, 2022 (the “Employment Agreement”), and except as otherwise provided on Exhibit A, if the
        Participant’s employment or service terminates for any reason at any time during the Restricted Period, the Participant’s unvested Performance Units shall be automatically forfeited upon such termination of employment or service and neither the
        Company nor any Affiliate shall have any further obligations to the Participant under this Agreement.

    5. Restrictions. Subject to any exceptions set forth in this Agreement or the Plan,
        during the Restricted Period and until such time as the Performance Units are settled, the Performance Units or the rights relating thereto may not be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the
        Participant. Any attempt to assign, alienate, pledge, attach, sell or otherwise transfer or encumber the Performance Units or the rights relating thereto shall be wholly ineffective and, if any such attempt is made, the Performance Units will be
        forfeited by the Participant and all of the Participant’s rights to such units shall immediately terminate without any payment or consideration by the Company.

    
      1

      
        

    

    6. Rights as Shareholder; Dividend Equivalents.

    6.1 The Participant shall not have any rights of a shareholder with respect to the Common Shares
          underlying the Performance Units unless and until the Performance Units vest and are settled by the issuance of such Common Shares. Subject to Section 7 below, the Participant shall be the record owner of the Common Shares underlying the
        Performance Units unless and until such shares are sold or otherwise disposed of, and as record owner shall be entitled to all rights of a shareholder of the Company (including voting rights).

    6.2 In the event that the Company pays any cash dividends on its Common Shares between the Grant Date and the date when the Performance Units are settled in accordance with Section
        7 hereof or are forfeited, the Participant’s Account shall be credited on the date such dividend is paid to shareholders with an amount equal to all cash dividends that would have been paid to the Participant if one Common Share had been issued on
        the Grant Date for each Performance Unit granted to the Participant (“Dividend Equivalents”). Dividend Equivalents shall be credited to the
        Participant’s Account and interest may be credited on the amount of cash Dividend Equivalents credited to the Participant’s Account at a rate and subject to such terms as determined by the Committee. Dividend Equivalents credited to the
        Participant’s Account shall be subject to the same vesting and other restrictions as the Performance Units to which they are attributable and shall be paid on the same date that the Performance Units to which they are attributable are settled in
        accordance with Section 7 hereof. Dividend Equivalents credited to the Participant’s Account shall be distributed in cash or, at the discretion of the Committee, in Common Shares having a Fair Market Value equal to the amount of the Dividend
        Equivalents and interest, if any. Any accumulated and unpaid Dividend Equivalents attributable to Performance Units that are cancelled will not be paid and will be immediately forfeited upon cancellation of the Performance Units.

    7. Settlement of Performance Units.

    7.1 Promptly upon the expiration of the Restricted Period, and in any event no later than March 15th of the calendar year following the calendar year in which the Restricted Period
        ends, the Company shall (a) issue and deliver to the Participant, or his or her beneficiary, without charge, the number of Common Shares equal to the number of Vested Units, and (b) enter the Participant’s name on the books of the Company as the
        shareholder of record with respect to the Common Shares delivered to the Participant; provided, however, that the Committee may, in its sole discretion elect to (i) pay cash or part cash and part Common Share in lieu of delivering only Common
        Shares in respect of the Performance Units, or (ii) defer the delivery of Common Shares (or cash or part Common Shares and part cash, as the case may be) beyond the expiration of the Restricted Period if such delivery would result in a violation of
        applicable law until such time as is no longer the case. If a cash payment is made in lieu of delivering Common Shares, the amount of such payment shall be equal to the Fair Market Value of the Common Shares as of the date on which the Restricted
        Period lapsed with respect to the Performance Units, less an amount equal to any required tax withholdings.

    7.2 Notwithstanding the preceding, the form of payment for this Award will be determined based on approval by the Company’s shareholders of the proposed increase in the number of
        shares available for issuance under the Plan at the May 19, 2022 annual meeting of Company’s shareholders.  If such approval is not received, then all payments under this Award will be made in cash.  

    
      2

      
        

    

    8. No Rights to Continued Service/Employment. Neither the Plan nor this Agreement shall
        confer upon the Participant any right to be retained in any position, as an employee, consultant or director of the Company or of any Affiliate. Further, nothing in the Plan or this Agreement shall be construed to limit the discretion of the
        Company or an Affiliate to terminate the Participant’s employment or service with the Company or an Affiliate at any time, with or without Cause.

    9. Adjustments. In the event of any change to the outstanding Common Shares or the
        capital structure of the Company (including, without limitation, a Change in Control), if required, the Performance Units shall be adjusted or terminated in any manner as contemplated by Section 12 of the Plan.

    10. Beneficiary Designation. The Participant may file with the Committee a written
        designation of one or more persons as the beneficiary(ies) who shall be entitled to his or her rights under this Agreement and the Plan, if any, in case of his or her death, in accordance with Section 16(f) of the Plan.

    11. Tax Liability and Withholding.

    11.1 The Participant shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Participant pursuant to the Plan, the
        amount of any required withholding taxes in respect of the Performance Units and to take all such other action as the Committee deems necessary to satisfy all obligations for the payment of such withholding taxes in accordance with Section 16(c) of
        the Plan. The Participant may satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means of the Plan, (a) tendering a cash payment, (b) if the Committee has adopted a formal
        procedure allowing any participant to authorize the Company to withhold Common Shares from the Common Shares otherwise issuable or deliverable to the Participant as a result of the vesting of the Performance Units (provided, however, that no Common
        Shares shall be withheld with a value exceeding the maximum amount of tax required to be withheld by law), issuing such authorization, or (c) delivering to the Company previously owned and unencumbered Common Shares. Notwithstanding the foregoing,
        in the event the Participant fails to provide timely payment of all sums required to satisfy any applicable federal, state and local withholding obligations in respect of the Performance Units, the Company shall treat such failure as an election by
        the Participant to satisfy all or any portion of the Participant’s required payment obligation pursuant to Section 11.1(b) above.

    11.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding (“Tax-Related Items”), the ultimate liability for all Tax-Related Items is and remains the Participant’s responsibility and the Company (a) makes no representation or
        undertakings regarding the treatment of any Tax-Related Items in connection with the grant, vesting or settlement of the Performance Units or any subsequent sale of any shares; and (b) does not commit to structure the Performance Units to reduce or
        eliminate the Participant’s liability for Tax-Related Items.

    
      3

      
        

    

    12. Compliance with Law. The issuance and transfer of Common Shares shall be subject to
        compliance by the Company and the Participant with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Common Shares may be listed. No Common Shares shall be
        issued pursuant to Performance Units unless and until any then applicable requirements of state or federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. The Participant understands
        that the Company is under no obligation to register the Common Shares with the Securities and Exchange Commission, any state securities commission or any stock exchange to effect such compliance.

    13. Notices. Any notice required to be delivered to the Company under this Agreement shall
        be in writing and addressed to the General Counsel & Secretary of the Company at the Company’s principal corporate offices. Any notice required to be delivered to the Participant under this Agreement shall be in writing and addressed to the
        Participant at the Participant’s address as shown in the records of the Company. Either party may designate another address in writing (or by such other method approved by the Company) from time to time.

    14. Governing Law. This Agreement will be construed and interpreted in accordance with the
        laws of the State of Texas without regard to conflict of law principles.

    15. Interpretation. Any dispute regarding the interpretation of this Agreement shall be
        submitted by the Participant or the Company to the Committee for review. The resolution of such dispute by the Committee shall be final and binding on the Participant and the Company.

    16. Participant Bound by Plan. This Agreement is subject to all terms and conditions of
        the Plan as approved by the Company’s shareholders. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein
        and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail.

    17. Successors and Assigns. The Company may assign any of its rights under this Agreement.
        This Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Agreement will be binding upon the Participant and the Participant’s
        beneficiaries, executors, administrators and the person(s) to whom the Performance Units may be transferred by will or the laws of descent or distribution.

    18. Severability. The invalidity or unenforceability of any provision of the Plan or this
        Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law. If any provision of
        the Plan or any Award or Award agreement is or becomes or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any person or entity or Award, or would disqualify the Plan or any Award under any law deemed applicable by
        the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the
        Award, such provision shall be construed or deemed stricken as to such jurisdiction, person or entity or Award and the remainder of the Plan and any such Award shall remain in full force and effect.

    
      4

      
        

    

    19. Discretionary Nature of Plan. The Plan is discretionary and may be amended, cancelled
        or terminated by the Company at any time, in its discretion. The grant of the Performance Units in this Agreement does not create any contractual right or other right to receive any Performance Units or other Awards in the future. Future Awards, if
        any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Company.

    20. Amendment. The Committee has the right to amend, alter, suspend, discontinue or cancel
        Performance Units, prospectively or retroactively; provided that no such amendment shall adversely affect the Participant’s material rights under this Agreement without the Participant’s consent.

    21. Section 409A.

    21.1 This Agreement is intended to comply with Section 409A of the Code and the regulations issued thereunder (“Section 409A”) or an exemption thereunder and shall be construed and interpreted in a manner consistent with the requirements for avoiding additional taxes or penalties under Section 409A.

    21.2 If and to the extent any portion of any payment provided to the Participant under this Agreement in connection with the Participant’s separation from service (as defined in
        Section 409A) is determined to constitute “nonqualified deferred compensation” within the meaning of Section 409A and the Participant is a “specified employee” as defined in Section 409A(a)(2)(B)(i), as determined by the Company in accordance with
        the procedures separately adopted by the Company for this purpose, by which determination the Participant, as a condition to accepting benefits under this Agreement and the Plan, agrees that he or she is bound, such portion of the shares of the
        Company’s common stock to be delivered on a vesting date or the cash equivalent shall not be delivered or paid before the earlier of (i) the day that is six months plus one day after the date of separation from service (as determined under Section
        409A) or (ii) the tenth 10th day after the date of the Participant’s death (as applicable, the “New Payment Date”).  The cash equivalent of the
        shares that otherwise would have been delivered to the Participant during the period between the date of separation from service and the New Payment Date or the shares themselves shall be paid or delivered to the Participant on such New Payment
        Date, and any remaining shares or the cash equivalent will be delivered on their original schedule.  Neither the Company nor the Participant shall have the right to accelerate or defer the delivery of any such shares or cash payment except to the
        extent specifically permitted or required by Section 409A.  This Agreement is intended to comply with the provisions of Section 409A and this Agreement and the Plan shall, to the extent practicable, be construed in accordance therewith.  Terms
        defined in this Agreement and the Plan shall have the meanings given such terms under Section 409A if and to the extent required to comply with Section 409A.

    21.3 Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A and in no event shall
        the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Participant on account of non-compliance with Section 409A.

    
      5

      
        

    

    22. No Impact on Other Benefits. The value of the Participant’s Performance Units is not
        part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit.

    23. Counterparts. This Agreement may be executed in counterparts, each of which shall be
        deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Agreement transmitted by facsimile transmission, by electronic mail in portable document format (.pdf), or by any other
        electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original signature.

    24. Acceptance. The Participant hereby acknowledges receipt of a copy of the Plan and this
        Agreement. The Participant has read and understands the terms and provisions thereof, and accepts Performance Units subject to all of the terms and conditions of the Plan and this Agreement. The Participant acknowledges that there may be adverse
        tax consequences upon the vesting or settlement of the Performance Units or disposition of the underlying shares and that the Participant should consult a tax advisor prior to such vesting, settlement or disposition.

    [SIGNATURE PAGE FOLLOWS]

    
      6

      
        

    

    IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

    	 	
            TARGET HOSPITALITY CORP.

          
	 	
            By: __________________________

            Name: 

            

            Title: 

            

             

             

          
	 	
            PARTICIPANT

             

          
	 	
            ______________________________

            [EXECUTIVE]

          
	 	 

    

    

    
      7

      
        

    

    

    

    Exhibit A

    Retention PSU Performance Criteria

    The forfeiture restrictions on the Performance Units granted under the Agreement will lapse
      on the date the Participant has satisfied both the Performance Goal and the Service Goal with respect to a Performance Unit, each as described below.

    A. Performance Goal

    The “Performance Goal”
      will be satisfied with respect to one quarter of the Performance Units on the date on which the Company’s stock price satisfies one of the following criteria (each a “Milestone”):

    

    

    	
            Achievement of Share Price**

          	
            Number of Potential PSUs Earned**

          
	
            $12.50

          	
            [NUMBER]

          
	
            $15.00

          	
            [NUMBER]

          
	
            $17.50

          	
            [NUMBER]

          
	
            $20.00

          	
            [NUMBER]

          

    

    

    **For this purpose, “Share Price” means the volume weighted average price of a share of the Company’s common stock on the Nasdaq Capital Market (“NASDAQ”)

      during any sixty (60) consecutive calendar day period (a “Measurement Period”).  For this purpose, a Measurement Period shall commence on a date
      when NASDAQ is open for business.  If two or more Milestones are attained during a single Measurement Period, or as a result of two or more overlapping Measurement Periods, more than one Milestone may be attained for such Measurement Period or
      overlapping Measurement Periods.  To the extent a Milestone is not satisfied on or before June 30, 2025, the portion of the Performance Units subject to that Milestone shall be forfeited on June 30, 2025.

    The Milestones shall be appropriately adjusted by the Committee to reflect any stock split, stock dividend, or
      other extraordinary event affecting the capitalization of the Company.

    B. Service Vesting Criteria

    The “Service Goal”
      will be satisfied if Participant remains continuously employed by the Company until June 30, 2025.

    If the Participant’s employment with the Company terminates due to the Participant’s resignation of his employment
      or termination by the Company for any reason, prior to the date the Service Goal is achieved, then all of the Performance Units shall be automatically forfeited on such date and neither the Company nor any Affiliate shall have any further obligations
      to the Participant under this Agreement.

    
      8

      
        

    

    Notwithstanding the preceding, (A) if the Company terminates the Participant’s employment due to (i) death, (ii)
      Disability (as defined in the Employment Agreement), or (iii) without Cause, or (B) the Participant resigns his employment for Good Reason, then:

    
      	
              •

            	
              Any Performance Unit for which the Milestone has been achieved on or before such date shall be vested on the Participant’s
                employment termination date; and

            

    

    
      	
              •

            	
              Any Performance Units for which the Milestone has not been achieved on or before such date shall be forfeited on the
                Participant’s employment termination date.

            

    

    C. Change in Control.

    If a Change in Control for the Company occurs prior to June 30, 2025, and the Participant has remained continuously
      employed with the Company through the closing date for such transaction, then the following shall apply:

    
      	
              •

            	
              If the $12.50 Share Price Milestone has been attained on or before the closing date for such transaction, then all of the
                Performance Goals shall be deemed to have been satisfied on the closing date for the Change in Control, subject to satisfaction of the Service Goal.

            

    

    

    

    
      	
              •

            	
              In the event the Participant experiences a Qualifying Termination as a result of such Change in Control, the Service Goal
                shall alsobe satisfied in its entirety on the Participant’s employment termination date. 

            

    

    

    

    For clarity, the parties agree that a public resale of securities of Target Hospitality Corp. by Arrow Holdings
      S.a.r.l. and/or Modulaire Global S.a.r.l. shall not, of its own accord, result in a Change in Control. 

    

    

    

    

    

    

  

  9

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