Document:

Master Project Development Agreement

 Exhibit 10.7 
 Execution Version 
  

 
 MASTER PROJECT DEVELOPMENT
AGREEMENT 
 between 
 Fulcrum BioEnergy, Inc. 
 and 

Waste Connections, Inc. 
 Dated as of December 19, 2008 
  

 

 TABLE OF CONTENTS 

 

							
	 ARTICLE 1
	  	 DEFINITIONS AND GENERAL PROVISIONS
	  	 	1	  
			
	 Section 1.1
	  	 Definitions
	  	 	1	  
	 Section 1.2
	  	 Rules of Interpretation
	  	 	4	  
			
	ARTICLE 2	  	PROJECT DEVELOPMENT	  	 	5	  
			
	 Section 2.1
	  	 Agreement to Develop Projects
	  	 	5	  
	 Section 2.2
	  	 General Project Contract Terms
	  	 	5	  
	 Section 2.3
	  	 Overall Project Development Responsibility
	  	 	7	  
	 Section 2.4
	  	 Project Companies; Project Contracts
	  	 	7	  
	 Section 2.5
	  	 Financing Provisions
	  	 	7	  
	 Section 2.6
	  	 Additional Exclusive Waste Sheds
	  	 	8	  
	 Section 2.7
	  	 Exclusivity and Termination of Exclusive Waste Sheds
	  	 	8	  
	 Section 2.8
	  	 [***]
	  	 	9	  
	 Section 2.9
	  	 WCN Proposals
	  	 	10	  
	 Section 2.10
	  	 Effect of Default
	  	 	10	  
			
	ARTICLE 3	  	REPRESENTATIONS AND WARRANTIES	  	 	10	  
			
	 Section 3.1
	  	 Representations and Warranties
	  	 	10	  
			
	ARTICLE 4	  	ADDITIONAL COVENANTS	  	 	11	  
			
	 Section 4.1
	  	 Compliance with Laws
	  	 	11	  
	 Section 4.2
	  	 Expenses
	  	 	11	  
	 Section 4.3
	  	 Confidentiality
	  	 	11	  
			
	ARTICLE 5	  	INDEMNIFICATION	  	 	11	  
			
	ARTICLE 6	  	TERM AND TERMINATION	  	 	12	  
			
	 Section 6.1
	  	 Term
	  	 	12	  
	 Section 6.2
	  	 Termination for Lapse in Development Activities
	  	 	12	  
	 Section 6.3
	  	 Consequences of Termination
	  	 	12	  
			
	ARTICLE 7	  	DEFAULT AND REMEDIES	  	 	12	  
			
	 Section 7.1
	  	 Default
	  	 	12	  
	 Section 7.2
	  	 Termination
	  	 	13	  
	 Section 7.3
	  	 Other Remedies Generally
	  	 	13	  
			
	ARTICLE 8	  	DISPUTE RESOLUTION	  	 	13	  
			
	 Section 8.1
	  	 General
	  	 	13	  
	 Section 8.2
	  	 Mediation
	  	 	14	  
	 Section 8.3
	  	 Litigation
	  	 	14	  
	 Section 8.4
	  	 Governing Law
	  	 	14	  

  
 i 

 

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 Table of Contents 

(continued) 
  

							
	 Section 8.5
	  	 Statute of Limitations
	  	 	14	  
	 Section 8.6
	  	 Attorneys’ Fees
	  	 	14	  
			
	 ARTICLE 9
	  	NOTICES	  	 	15	  
			
	 Section 9.1
	  	 Writing
	  	 	15	  
	 Section 9.2
	  	 Timing of Receipt
	  	 	15	  
			
	 ARTICLE 10
	  	MISCELLANEOUS	  	 	16	  
			
	 Section 10.1
	  	 Relationship of the Parties
	  	 	16	  
	 Section 10.2
	  	 Entire Agreement; Amendment
	  	 	16	  
	 Section 10.3
	  	 Joint Effort
	  	 	16	  
	 Section 10.4
	  	 Captions
	  	 	16	  
	 Section 10.5
	  	 Severability
	  	 	16	  
	 Section 10.6
	  	 No Waiver
	  	 	16	  
	 Section 10.7
	  	 Counterparts
	  	 	16	  
	 Section 10.8
	  	 Survival
	  	 	16	  
	 Section 10.9
	  	 Further Assurances
	  	 	16	  
	 Section 10.10
	  	 Third Parties
	  	 	17	  
	 Section 10.11
	  	 Assignment
	  	 	17	  
	 Section 10.12
	  	 Time Is of the Essence
	  	 	17	  

 EXHIBITS 

Exhibit A – Exclusive Waste Sheds 

Exhibit B – Terms of Supply Agreements 

Exhibit C – Terms of WCNX Site Arrangements 

  
 A-ii

 MASTER PROJECT DEVELOPMENT AGREEMENT 

This Master Project Development Agreement (“Agreement”) is entered into as of December 19, 2008 (“Effective
Date”), between Waste Connections, Inc., a Delaware corporation (“WCNX”), and Fulcrum BioEnergy, Inc., a Delaware corporation (“Fulcrum”). Fulcrum and WCNX are sometimes hereinafter referred to individually
as a “Party” and collectively as the “Parties”. 
 RECITALS 

A. WCNX is a leading waste management company that provides collection, recycling and disposal services to residential, commercial and
industrial customers in the United States. 
 B. Fulcrum is in the business of building, owning and operating advanced resource
conversion facilities that convert municipal solid waste and other carbonaceous material collected by companies like WCNX into ethanol and other renewable transportation fuels (“Energy Products”) utilizing Fulcrum’s proprietary
thermochemical conversion technologies. 
 C. The Parties wish to enter into this Agreement pursuant to which the Parties will
cooperate in the Exclusive Waste Sheds (as defined below) to develop Projects (as defined below) and enter into long-term arrangements for WCNX’s supply of solid waste and other carbonaceous materials collected or controlled by WCNX in the
Exclusive Waste Sheds to Fulcrum’s facilities. 
 NOW, THEREFORE, in consideration of the foregoing recitals and the
agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereto, intending to be legally bound, do hereby agree as follows: 

ARTICLE 1 

DEFINITIONS AND GENERAL PROVISIONS 
 Section 1.1 Definitions. The initially capitalized terms used in this Agreement, including the foregoing recitals, and not otherwise defined herein, shall have the respective meanings set
forth below: 
 “Affiliate” or “affiliate” of any specified Person means any other Person
that, directly or indirectly, controls, is controlled by or is under common control with such Person. For purposes of this definition, “control” when used with respect to any particular Person means the power to direct, or cause the
direction of, the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and the terms “controlling”, “controlled” and “under common
control” have meanings correlative to the foregoing. 
 “Agreement” has the meaning set forth in the
preamble. 

 “Applicable Laws” means all applicable laws (including common law), rules,
regulations, statutes, treaties, codes and ordinances (including zoning and land use regulations) of any Governmental Authority, and applicable judgments, decrees, injunctions, writs, orders or like action of any court, arbitration board,
administrative, judicial or quasi-judicial tribunal or agency of competent jurisdiction. 
 “Bankruptcy Event”
shall be deemed to occur, with respect to any Person, if that Person shall institute a voluntary case seeking liquidation or reorganization under Title 11, United States Code, or any other state or federal insolvency, reorganization, moratorium or
similar law for the relief of debtors, or any successor statute, or shall consent to the institution of an involuntary case thereunder against it; or such Person shall file a petition or consent or shall otherwise institute any similar proceeding
under any other applicable federal or state law, or shall consent thereto; or such Person shall apply for, or consent or acquiesce to, the appointment of, a receiver, administrator, administrative receiver, liquidator, sequestrator, trustee or other
officer with similar powers for itself or any substantial part of its assets; or such Person shall make a general assignment for the benefit of its creditors; or such Person shall admit in writing its inability to pay its debts generally as they
become due; or if an involuntary case shall be commenced seeking liquidation or reorganization of such Person under applicable bankruptcy laws or any similar proceedings shall be commenced against such Person under any other applicable federal or
state law and (a) the petition commencing the involuntary case is not timely disputed, (b) the petition commencing the involuntary case is not dismissed within sixty (60) days of its filing, (c) an interim trustee is appointed to
take possession of all or a portion of the property, and/or to operate all or any part of the business of such Person and such appointment is not vacated within sixty (60) days or (d) an order for relief has been issued or entered therein;
or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, administrator, administrative receiver, liquidator, sequestrator, trustee or other officer having similar powers, over such Person or all or a
part of its property has been entered; or any other similar relief shall be granted against such Person under Title 11, United States Code, and any other state or federal insolvency, reorganization, moratorium or similar law for the relief of
debtors, or any successor statute. 
 “Business Day” means any day which is neither a Saturday nor Sunday nor a
legal holiday on which commercial banking institutions are authorized or required by law, regulation or executive order to be closed in New York, New York, or San Francisco, California. 

“Conversion Facility” means a facility owned by Fulcrum that transforms Feedstock into Energy Products. 

“Day” or “day” means a calendar day unless “Business Day” is expressly specified.

 “Defaulting Party” has the meaning set forth in Section 7.1. 

“Effective Date” has the meaning set forth in the preamble. 

“Energy Products” has the meaning set forth in the recitals. 

“Event of Default” has the meaning set forth in Section 7.1. 

  
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 “Exclusive Waste Sheds” means the general geographic areas listed on
Exhibit A attached hereto (as updated from time to time in accordance with this Agreement). 

“Feedstock” means Processable Materials that have been sorted and sized by a Processing Facility in accordance with
specifications provided in the Supply Agreements prior to use in a Conversion Facility. 
 “Fulcrum” has the
meaning set forth in the preamble. 
 “Fulcrum Sites” has the meaning set forth in
Section 2.2(a)(ii). 
 “Governmental Authority” means the federal government of the United States,
and any state, county, municipal or local government or regulatory department, body, political subdivision, commission, agency, instrumentality, ministry, court, judicial or administrative body, taxing authority, or other authority thereof
(including any corporation or other entity owned or controlled by any of the foregoing). 
 “Indemnified
Parties” means with respect to WCNX or Fulcrum, as applicable, all of the current and former Affiliates of such Party, along with such Party’s and each of its Affiliate’s respective officers, directors, partners, managers,
members, agents, employees, successors, and assigns. 
 “Losses” means all costs, liabilities, penalties,
fines, forfeitures, demands, claims, causes of action, suits, and costs and expenses incidental thereto (including costs of defense, settlement, and reasonable attorney’s fees). 

“Party” has the meaning set forth in the preamble. 

“Person” means any natural person, corporation, cooperative, partnership, limited liability company, joint venture,
joint-stock company, firm, association, trust, unincorporated organization, government or political subdivision thereof, governmental agency or any other entity, whether acting in an individual, fiduciary or other capacity. 

“Processable Materials” means municipal solid waste, construction and demolition waste and other carbonaceous waste
materials collected in the ordinary course of WCNX’s business. 
 “Processing Facility” means
Fulcrum’s front-end processing facility that does final sorting, sizing and shredding of Processable Materials into Feedstock. 
 “Project” means collectively, a Processing Facility and a Conversion Facility located in an Exclusive Waste Shed. 
 “Project Company” has the meaning set forth in Section 2.4. 
 “Project Contracts” has the meaning set forth in Section 2.1(a). 
 “Supply Agreements” has the meaning set forth in Section 2.2(b). 

  
 3 

 “WCNX Party” has the meaning set forth in Section 2.4.

 “WCNX Site Arrangements” has the meaning set forth in Section 2.2(a)(i). 

“WCNX Sites” has the meaning set forth in Section 2.2(a)(i). 

Section 1.2 Rules of Interpretation. In this Section 1.2 and this Agreement, unless otherwise provided herein or
the context otherwise requires: 
 (a) the terms set forth in Section 1.1 shall have the meanings therein provided;

 (b) any term defined in Section 1.1 by reference to another document, instrument or agreement shall continue to
have the meaning ascribed thereto whether or not such other document, instrument or agreement is in effect; 
 (c) words in the
singular include the plural and vice versa; 
 (d) words referring to a gender include any gender; 

(e) a reference to a part, clause, section, paragraph, article, Party, annex, appendix, exhibit, schedule or other attachment is a
reference to a part, clause, section, paragraph, or article of, or a Party, annex, appendix, exhibit, schedule or other attachment to, this Agreement; 
 (f) a reference to any statute, regulation, proclamation, ordinance or law includes all statutes, regulations, proclamations, ordinances or laws varying, consolidating or replacing the same from time to
time, and a reference to a statute includes all regulations, policies, protocols, codes, proclamations and ordinances issued or otherwise applicable under that statute unless, in any such ease, otherwise expressly provided in any such statute or in
this Agreement; 
 (g) a definition of or reference to any document, instrument or agreement includes each amendment or
supplement to, or restatement, replacement, substitution, successor, modification or novation of, any such document, instrument or agreement unless otherwise specified in such definition or in the context in which such reference is used; 

(h) a reference to a particular section, paragraph or other part of a particular statute shall be deemed to be a reference to any other
section, paragraph or other part substituted therefor from time to time unless otherwise specified; 
 (i) a reference to any
Person (as above defined) includes such Person’s successors and permitted assigns; 
 (j) words such as
“hereunder,” “hereto,” “hereof” and “herein” and other words of similar import shall, unless the context requires otherwise, refer to the whole of the applicable document and not to any particular article,
section, subsection, paragraph or clause thereof; and 

  
 4 

 (k) a reference to “include”, “includes”, “including” or other
variations thereof means including without limiting the generality of any description preceding such term. 
 ARTICLE 2

 PROJECT DEVELOPMENT 
 Section 2.1 Agreement to Develop Projects. 
 (a) General
Agreement. Subject to the terms and conditions hereof, the Parties agree to cooperate in good faith using commercially reasonable efforts in connection with the development of Projects in each of the Exclusive Waste Sheds as contemplated herein
over the period of time contemplated herein. As further described herein, the principal commercial arrangements between the Parties for each Project, consisting of the Supply Agreements and the WCNX Site Arrangements, if applicable, will be set
forth in separate definitive Project-specific contracts (for each Project, the “Project Contracts”) to be mutually agreed by the Parties in accordance with the provisions hereof. The Parties shall establish procedures and a schedule
for finalizing and executing Project Contracts. 
 (b) Nature of Projects. Each Project shall, at a minimum, have the
following components: (i) a Processing Facility owned and operated by Fulcrum, (ii) a Supply Agreement pursuant to which WCNX shall agree to deliver to Fulcrum and Fulcrum shall agree to accept Processable Materials, and (iii) a
Conversion Facility owned and operated by Fulcrum. 
 Section 2.2 General Project Contract Terms. The Parties shall
cooperate to develop Projects, and negotiate, execute and deliver Project Contracts, on terms consistent with the following: 

(a) Location of Projects. In each Exclusive Waste Shed, the Parties shall evaluate the area to determine the optimum location for
the Processing Facility and the Conversion Facility based on the principles described in this Section 2.2(a). Each Project location shall be proposed by Fulcrum. 
 (i) WCNX Sites. The Parties acknowledge that in some of the Exclusive Waste Sheds, WCNX currently owns, leases or has other rights to use existing landfills, material recycling facilities, transfer
stations or other similar real property sites (“WCNX Sites”). To the extent there is available space, the requisite consents, permits and approvals are attainable and it is otherwise reasonably practical, each new Project within
each Exclusive Waste Shed is intended to be located at a WCNX Site. In such circumstances, WCNX will provide to Fulcrum the site and related real estate rights on which to develop the Project through a lease, sublease or other mutually agreed
arrangements on substantially the terms described in Exhibit C (the “WCNX Site Arrangements”). 
 (ii)
Fulcrum Sites. In circumstances where WCNX Sites within an Exclusive Waste Shed are not suitable for Projects (including for reasons of transportation cost, labor costs, lack of available space or lack of appropriate real estate rights), any
Project in such an Exclusive Waste Shed will be located in the vicinity of WCNX Sites, but on real estate to be acquired or leased directly by Fulcrum (“Fulcrum Sites”) under other suitable arrangements between Fulcrum and third
parties, and no WCNX Site Arrangements shall be necessary. 

  
 5 

 (b) Supply Agreements. For each Project, the Parties shall enter into an agreement
for the long term supply and delivery of Processable Materials by WCNX to Fulcrum (“Supply Agreements”). The Supply Agreements shall substantially have the terms described in Exhibit B. 

(c) Ownership of Projects. Subject to Section 2.4, Fulcrum shall always be the owner of the Projects. 

(d) Forms of Project Contracts. The Parties acknowledge and agree that the terms of the Supply Agreements and WCNX Site
Arrangements may be modified for each Project to reflect the particular agreements between the Parties related to the Project and to conform to Applicable Laws. 
 Section 2.3 Overall Project Development Responsibility. Fulcrum shall be responsible to site, finance, develop, permit, engineer, design, construct and operate each Project, subject to the
limitations set forth herein and in the Project Contracts for each Project. Fulcrum and WCNX will jointly be responsible for the establishment of community outreach plans for each Project, which will be implemented by Fulcrum under WCNX’s
reasonable direction. 
 Section 2.4 Project Companies; Project Contracts. The Parties acknowledge and agree that:
(i) this Agreement is between Fulcrum and WCNX, (ii) to facilitate the successful financing of each Project, each Project will be owned by a special purpose project company organized and controlled by Fulcrum (a “Project
Company”), (iii) the Project Contracts for each Project will be entered into by a Project Company, on the one hand, and WCNX (or WCNX’s Affiliate-designee) (the “WCNX Party”) on the other, (iv) each Party
shall advise the other Party in advance as to its designated parties under the Project Contracts, and (v) the Project Contracts shall be consistent with the terms and intent of this Agreement. Once executed and delivered, the Project Contracts
for each Project shall be separate and independent contracts from this Agreement and from the Project Contracts for each other Project. Neither Party shall be obligated to agree to or enter into any Project Contract, including any Project Contract
that is inconsistent with this Agreement in any material respect. 
 Section 2.5 Financing Provisions. It is
contemplated that each Project Company shall obtain non-recourse construction and/or term project financing, and each of the Project Contracts shall be collaterally assignable by the Project Company to lenders and other financing providers and shall
contain customary provisions reasonably acceptable to the Parties in order to facilitate such financing. Such customary provisions include, but are not limited to the making of customary estoppel statements, the granting of certain additional lender
rights relating to notice and cure periods and the acknowledgment of certain lender rights following foreclosure. 

Section 2.6 Additional Exclusive Waste Sheds. If, following the Effective Date, WCNX or any of its Affiliates acquires an
ownership interest in or otherwise obtains an interest in any landfill, transfer station or materials recovery facility (or any combination of the foregoing) in a geographic area (a) in which WCNX has direction and control over sufficient
Processable Materials to provide Fulcrum with at least [***] tons per day (approximately [***] tons per year) (or less if agreed by Fulcrum) of Feedstock for use in Fulcrum’s Conversion 

  
 6 

 

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 
Facilities, (b) in which WCNX has a significant or dominant share of the waste collection, recycling and disposal service market, and (c) which is not then designated as an Exclusive
Waste Shed hereunder, then WCNX shall notify Fulcrum of such acquisition and the geographic area in which such acquisition is located shall, without further action by either Party, become an Exclusive Waste Shed for all purposes under this
Agreement, unless Fulcrum notifies WCNX within thirty days following WCNX’s notice that it does not wish to designate such geographic area as an Exclusive Waste Shed. In addition to the foregoing, at any time and from time to time under this
Agreement, WCNX may notify Fulcrum of any interest acquired by WCNX or its Affiliates in any landfill, transfer station or materials recovery facility that otherwise does not meet the requirements in clauses (a) and (b) above, and Fulcrum
shall have sixty days, at its option in its discretion, to designate by written notice to WCNX the geographic area containing such landfill, transfer station or materials recovery facility as an Exclusive Waste Shed hereunder. Exhibit A shall
be deemed to be automatically updated with any additional Exclusive Waste Shed that becomes subject to this Agreement after the Effective Date. 
 Section 2.7 Exclusivity and Termination of Exclusive Waste Sheds. 

(a) Exclusivity. Except as expressly permitted by any Project Contracts, for so long as this Agreement is in effect, each Party
agrees that it shall not, and it shall not permit its Affiliates to, directly or indirectly engage or participate in any transactions (including negotiation to enter into transactions) within the Exclusive Waste Sheds which are the same or
substantially similar to the transactions contemplated by this Agreement with any Person who is not a Party or an Affiliate of a Party. For the avoidance of doubt, nothing in this Agreement shall prohibit WCNX or its Affiliates from transferring
Feedstock to third parties for traditional recycling, composting or other similar uses, but in any event, not related to alternative or renewable energy systems. 
 (b) Termination of Exclusive Waste Sheds. If, prior to the execution and delivery of Project Contracts for a specific Exclusive Waste Shed: 

(i) (1) Fulcrum determines in its good faith that WCNX does not have long-term certainty with respect to any of the requirements of an
Exclusive Waste Shed as set forth in clauses (a) or (b) of Section 2.6 reasonably necessary to support financing of the Project in such Exclusive Waste Shed or (2) Fulcrum otherwise determines in its good faith that
co-developing a Project with WCNX in such Exclusive Waste Shed in the manner contemplated herein is not reasonably feasible for other reasons, then in either case, Fulcrum may notify WCNX of its intent to terminate such Exclusive Waste Shed as an
Exclusive Waste Shed hereunder and the Parties shall negotiate in good faith for a period of sixty days regarding solutions to address Fulcrum’s concerns. If the Parties do not resolve Fulcrum’s concerns to their mutual satisfaction, then
at any time after the sixty day period, Fulcrum may notify WCNX of its termination of such Exclusive Waste Shed as an Exclusive Waste Shed hereunder, and as of the date of such notice, such Exclusive Waste Shed shall cease being an Exclusive Waste
Shed for all purposes under this Agreement and WCNX may enter into the same or substantially similar transactions with any third party. 

  
 7 

 (ii) the Parties mutually agree in writing to terminate any Exclusive Waste Shed as and
Exclusive Waste Shed hereunder, then upon such agreement, such Exclusive Waste Shed shall cease being an Exclusive Waste Shed for all purposes under this Agreement. 
 (iii) WCNX or its Affiliates cease to conduct business in any Exclusive Waste Shed, or in Fulcrum’s good faith judgment, the volume of waste collected or controlled by WCNX is reduced to a level
incapable of supporting a Project in such Exclusive Waste Shed, then such Exclusive Waste Shed shall cease being an Exclusive Waste Shed for all purposes under this Agreement as of the date the business ceases or the date on which Fulcrum notifies
WCNX of its determination hereunder, as applicable. 
 If any Exclusive Waste Shed is terminated under this Section 2.7(b), or under
Section 2.8 below, Exhibit A shall be deemed to be automatically updated to remove such Exclusive Waste Shed as an Exclusive Waste Shed hereunder. For the avoidance of doubt, all Exclusive Waste Sheds for which Project Contracts
have not been executed and delivered shall terminate upon the termination of this Agreement in accordance with Article 6. 
 Section 2.8 [***] 

  
 8 

 

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 Section 2.9 Effect of Default. If Fulcrum is in default of any of its
obligations under Project Contracts (including WCNX Site Arrangements and Supply Agreements) and has failed to cure such default within the applicable cure period, WCNX shall have no obligation to negotiate any additional Project Contracts for any
new Exclusive Waste Shed until such time as the applicable defaulted Project Contract has been terminated in accordance with the terms thereof or the default has been cured. 
 Section 2.10 Termination of Exclusive Waste Sheds after Execution and Delivery of Project Contracts. For the avoidance of doubt, the Parties acknowledge and agree that from and after execution
and delivery of Project Contracts for any particular Exclusive Waste Shed, such Project Contracts shall address and shall govern the rights and obligations of the parties thereto with respect to termination of such Exclusive Waste Shed as an
Exclusive Waste Shed hereunder. 
 ARTICLE 3 
 REPRESENTATIONS AND WARRANTIES 
 Section 3.1 Representations and
Warranties. Each Party hereby represents and warrants to the other Party, as of the Effective Date, that: 
 (a)
Standing. Such Party is a corporation duly organized, validly existing and in good standing under the laws of its State of organization and is qualified to do business in all other jurisdictions in which the nature of the business conducted
by it makes such qualification necessary and where failure to qualify would have a material adverse effect on its financial condition, operations, prospects or business. 
 (b) Authority, Etc. Such Party has all necessary power and authority to execute, deliver and perform its obligations under this Agreement; the execution, delivery and performance by it of this
Agreement have been duly authorized by all necessary action on its part; and this Agreement has been duly and validly executed and delivered by it and constitutes the legal, valid and binding obligation of such Party enforceable against it in
accordance with the terms hereof, except as such enforceability may be limited by bankruptcy, insolvency, reorganization or moratorium or other similar laws relating to the enforcement of creditors’ rights generally and by general equitable
principles. 
 (c) No Governmental Consents. No authorization, consent or approval of, notice to or filing with, any
Governmental Authority is required for the execution, delivery and performance by such Party of this Agreement, subject to customary authorizations, consents or approvals, pursuant to permits or otherwise, applicable to the performance of this
Agreement. 
 (d) No Breach. None of the execution and delivery of this Agreement, the consummation of the transactions
herein contemplated or compliance with the terms and provisions hereof will conflict with or result in a breach of, or require any consent under, 

  
 9 

 
organizational documents of such Party, or any Applicable Law or regulation, or any order, writ, injunction or decree of any court, or any agreement or instrument to which such Party is a party
or by which it is bound or to which it or its property is subject, or constitute a default under any such agreement or instrument, subject in each case to customary authorizations, consents or approvals, pursuant to permits or otherwise, applicable
to the performance of this Agreement. 
 (e) No Violation or Litigation. Such Party is not in violation of any Applicable
Law which, individually or in the aggregate, would affect its performance of any obligations under this Agreement. There are no legal or arbitration proceedings or any proceeding by or before any Governmental Authority, now pending or (to the best
knowledge of such Party) threatened against it which, if adversely determined, could reasonably be expected to have a material adverse effect on its financial condition, operations, prospects or business, as a whole, or its ability to perform under
this Agreement. 
 ARTICLE 4 
 ADDITIONAL COVENANTS 
 Section 4.1 Compliance with Laws. Each Party
shall, and shall cause its Affiliates to, comply with all Applicable Laws in its or their performance of activities hereunder and otherwise in connection with or relating to the Project. 

Section 4.2 Expenses. Except as otherwise provided in this Agreement, all internal and external costs and expenses incurred
in connection with this Agreement and the Project Contracts contemplated hereby shall be paid by the Party incurring such expenses. 
 Section 4.3 Confidentiality. The Parties acknowledge that this Agreement, the information provided in connection herewith and the transactions contemplated hereby are all subject to the terms
and conditions of that certain Confidentiality Agreement between the Parties dated as of September 12, 2008. 
 ARTICLE 5

 INDEMNIFICATION 
 Each Party shall indemnify and hold harmless the other, and all of its Indemnified Parties, from and against any and all Losses, which any or all of them may hereafter suffer, incur, be responsible for or
pay as a result of bodily injuries (including death) to any Person, or damage (including loss of use) to any property, in any case to the extent arising out of breach by the first Party of this Agreement, or any negligent act or omission or willful
misconduct, or any violation or alleged violation of Applicable Laws, by such first Party or its Affiliates, employees, agents or subcontractors. 
 ARTICLE 6 
 TERM AND TERMINATION 

Section 6.1 Term. This Agreement shall commence on the Effective Date and shall continue in full force and effect until the
first to occur of the following: 

  
 10 

 (a) the date on which all Project Contracts for each of the Exclusive Waste Sheds listed on
Exhibit A (as amended pursuant to the terms hereof) have been fully executed and delivered; 
 (b) the date of
termination of this Agreement by either Party as a result of an Event of Default under Section 7.1; 
 (c) the date
of a written notice from either Party in accordance with Section 6.2; 
 (d) the date of a written notice from one
Party to the other if, after the notice and cure periods set forth therein, the other Party (or its Affiliate) is in default under any material term of a Project Contract; 
 (e) the date of a written notice from one Party to the other if, as of the first anniversary of the Effective Date, all of the principal Project Contracts (e.g., the Supply Agreement and the WCNX Site
Arrangements, if necessary) for the first Project have not been executed by the Parties; 
 (f) the date that is ten years from
the Effective Date; and 
 (g) a Bankruptcy Event occurs with respect to either Party. 

Section 6.2 Termination for Lapse in Development Activities. Either Party may terminate this Agreement by written notice to
the other Party, if (a) the Parties have not executed principal Project Contracts for one Project within two years following the effective date of the principal Project Contracts for the immediately preceding Project or (b) no Exclusive
Waste Sheds remain on Exhibit A for which Project Contracts have not been executed, or (c) Fulcrum, through no fault of WCNX, has not completed the construction of three Projects within eight years of the Effective Date. 

Section 6.3 Consequences of Termination. Subject to Article 7 in the event of a termination of this Agreement
upon an Event of Default, upon any termination of this Agreement in accordance with this Article 6, all of the Parties’ rights, obligations and liabilities arising under this Agreement shall automatically terminate and cease to be
effective, except as set forth in Section 10.8. 
 ARTICLE 7 

DEFAULT AND REMEDIES 
 Section 7.1 Default. Each of the following events shall constitute an “Event of Default” with respect to a Party (a “Defaulting Party”): 

(a) any representation or warranty made by the Defaulting Party herein shall prove to have been incorrect as of the date made in any
material respect and shall continue to be material and the circumstances giving rise to such incorrect representation or warranty and the material effect thereof are unremedied for a period of thirty (30) days after the Defaulting Party
receives notice thereof from the other Party, or within such longer period of time up to ninety 

  
 11 

 
(90) days total as is reasonably necessary to accomplish such remedy if such remedy cannot be reasonably accomplished within such thirty (30) day period and the Defaulting Party diligently
commences and continues to pursue such remedy; or 
 (b) the Defaulting Party shall be in default under, or shall disaffirm or
repudiate in writing, any of its material obligations under this Agreement, and such default, disaffirmation or repudiation shall continue unremedied for a period of thirty (30) days after the Defaulting Party receives notice thereof from the
other Party, or within such longer period of time up to ninety (90) days total as is reasonably necessary to accomplish such remedy if such remedy cannot be reasonably accomplished within such thirty (30) Day period and the Defaulting
Party diligently commences and continues to pursue such remedy. 
 Section 7.2 Termination. Upon the occurrence and
during the continuation of an Event of Default with respect to a Defaulting Party, the other Party may terminate this Agreement by notice to the Defaulting Party, any such termination to be effective upon the date of receipt of such notice.

 Section 7.3 Other Remedies Generally. In addition to a termination right under Section 7.2, upon the
occurrence and during the continuation of an Event of Default, the non-defaulting Party may, subject to Article 8, pursue any other recourse, right or remedy available to such Party under this Agreement or under Applicable Laws or equity, all
of which shall be cumulative. 
 ARTICLE 8 
 DISPUTE RESOLUTION 
 Section 8.1 General. The Parties agree that any
disputes arising out of or related in any way to this Agreement, including a breach of this Agreement, shall, subject to the mediation provision set forth below, be filed exclusively in the state or federal courts in Sacramento, California. By
execution and delivery of this Agreement, with respect to any dispute, each of the Parties knowingly, voluntarily and irrevocably: (a) consents, for itself and in respect of its property, to the exclusive jurisdiction of these courts;
(b) waives any immunity or objection, including any objection to personal jurisdiction or the laying of venue or based on the grounds of forum non conveniens, which it may have from or to the bringing of the dispute in such jurisdiction;
(c) waives any personal service of any summons, complaint or other process that may be made by any other means permitted by the State of California; (d) waives any right to trial by jury; (e) agrees that any such dispute will be
decided by court trial without a jury; (f) understands that it is giving up valuable legal rights under this provision, including the right to trial by jury, and that it voluntarily and knowingly waives those rights; and (g) agrees that
any Party to this Agreement may file an original counterpart or a copy of this Section 8.1 with any court as written evidence of the consents, waivers and agreements of the parties set forth in this Section 8.1. 

Section 8.2 Mediation. If a dispute arises out of or relates to this Agreement, the relationships that result from this
Agreement, the breach of this Agreement or the validity or application of any of the provisions of this Article 8, and, if the dispute cannot be settled through negotiation, the Parties agree to submit the dispute to non-binding mediation
prior to 

  
 12 

 
commencing litigation. The Parties will attempt in good faith to agree on a neutral mediator to resolve the dispute. The mediation will follow the procedures set forth in the American Arbitration
Association Commercial Mediation Rules. If the Parties cannot agree on a mediator within 20 days after mediation has been demanded, they will submit the dispute for mediation to be administered by the American Arbitration Association under the
Commercial Mediation Rules before resorting to litigation. Neither Party may commence or pursue litigation until this non-binding mediation has been conducted and concluded. The Parties agree that, upon initiating mediation, they will agree with the
mediator on a time at least five days before the mediation to submit and exchange with one another detailed position papers. The position papers shall include a factual recitation of the dispute, each Party’s position on the facts and the law,
the Party’s assessment of the likely outcome and its position on settlement. Each Party will bear its own expenses incurred (including attorneys’ fees) in connection with the mediation, and will equally share the mediator’s fees and
expenses. 
 Section 8.3 Litigation. If the Parties are unable to resolve their dispute by mediation, after the
unsuccessful conclusion of any such mediation, either Party may pursue the remedies available to it at law or equity; provided, that any such proceeding shall be subject to all of the terms of this Article 8, including jurisdiction,
choice-of-law, venue and waiver of jury trial. 
 Section 8.4 Governing Law. This Agreement shall be governed by and
construed in accordance with the internal laws of the State of California, without giving effect to any choice or conflict of law provision or rule (whether of the State of California or any other jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of California. 
 Section 8.5 Statute of Limitations. The statute
of limitations governing any claim between the Parties that would otherwise expire during any mediation commenced under Section 8.2 shall be tolled until the conclusion of such mediation and any litigation filed within thirty days
thereof, including any appeals therefrom. 
 Section 8.6 Attorneys’ Fees. Should any litigation be commenced
under this Agreement, the successful party in such litigation shall be entitled to recover, in addition to such other relief as the court may award, its reasonable attorneys’ fees, expert witness fees, litigation related expenses, and court or
other costs incurred in such litigation or proceeding. For purposes of this clause, the term “successful party” means the net winner of the dispute, taking into account the claims pursued, the claims on which the pursuing party was
successful, the amount of money sought, the amount of money awarded, and offsets or counterclaims pursued (successfully or unsuccessfully) by the other party. If a written settlement offer is rejected and the judgment or award finally obtained is
equal to or more favorable to the offeror than an offer made in writing to settle, the offeror is deemed to be the successful party from the date of the offer forward. 

  
 13 

 ARTICLE 9 
 NOTICES 
 Section 9.1 Writing. Any notice, invoice, demand, offer or
other instrument or communication required or permitted to be given pursuant to this Agreement shall be in writing signed by the Party giving such notice and shall, to the extent reasonably practicable, be sent by telefax, and if not reasonably
practicable to send by telefax, then by hand delivery, overnight courier, or registered mail, to the other Party at the address set forth below: 
  

			
	 Notices to Fulcrum:
  

Fulcrum Sierra BioFuels, LLC
 c/o Fulcrum BioEnergy, Inc.
 4900 Hopyard Road, Suite 220

Pleasanton, CA 94588
 Attn: Richard D. Barraza
 Tel: (925) 224-8244

Fax: (925) 730-0157
 E-mail: rbarraza@fulcrum-bioenergy.com
	  	 Notices to WCNX:
  

Waste Connections, Inc.
 35 Iron Point Circle,
Suite 200
 Folsom, CA 95630
 Attn:
Corporate Secretary
 Telephone: (916) 608-8200

 Each Party shall have the right to change the place to which notice shall be sent or delivered or to specify one
additional address to which copies of notices may be sent, in either case by similar notice sent or delivered in like manner to the other Party. 
 Section 9.2 Timing of Receipt. Without limiting any other means by which a Party may be able to prove that a notice has been received by the other Party, a notice shall be deemed to be duly
received: 
 (a) If delivered by hand or overnight courier, the date when received at the address of the recipient; 

(b) If sent by registered mail, the date of the return receipt; or 

(c) If sent by telefax, upon receipt by the sender of an acknowledgment or transmission report generated by the machine from which the
telefax was sent indicating that the telefax was sent in its entirety to the recipient’s telefax number. 
 In any case hereunder in which
a Party is required or permitted to respond to a notice from the other Party within a specified period, such period shall run from the date on which the notice was deemed received as above provided, and the response shall be considered to be timely
given if given as above provided by the last day of such period. 

  
 14 

 ARTICLE 10 
 MISCELLANEOUS 
 Section 10.1 Relationship of the Parties. The Parties
agree and understand that this Agreement shall not constitute or create a joint venture, partnership or legal entity of any kind or any other similar arrangement between the Parties. Each of the Parties shall act hereunder only as independent
contractors to one another, on an individual and several basis, and shall not be authorized to act as agent or representative of the other Party, nor have the power or authority to bind the other Party for any purpose. No Party shall so bind the
other Party, or represent to anyone that it has the authority to bind such other Party, or make any other representation about or on behalf of such other Party. 
 Section 10.2 Entire Agreement; Amendment. This Agreement constitutes the entire agreement between the Parties as of the Effective Date with respect to the subject matter hereof and supersedes
any and all prior negotiations, agreements, understandings and representations relating thereto, except for the Confidentiality Agreement referenced in Section 4.3. This Agreement may not be amended, modified or changed except as
mutually agreed in a writing executed by all Parties intended to be an amendment to this Agreement. 
 Section 10.3
Joint Effort. Preparation of this Agreement has been a joint effort of the Parties and the resulting document shall not be construed more severely against one of the Parties than against the other. 

Section 10.4 Captions. The captions contained in this Agreement are for convenience and reference only and in no way define,
describe, extend or limit the scope or intent of this Agreement or the intent of any provision contained herein. 

Section 10.5 Severability. The invalidity of one or more phrases, sentences, clauses, Sections or Articles contained in this
Agreement shall not affect the validity of the remaining portions of this Agreement so long as the material purposes of this Agreement can be determined and effectuated. 
 Section 10.6 No Waiver. Any failure of either Party to enforce any of the provisions of this Agreement or to require compliance with any of its terms at any time during the term of this
Agreement shall in no way affect the validity of this Agreement, or any part hereof, and shall not be deemed a waiver of the right of such Party thereafter to enforce any and each of such provisions. 

Section 10.7 Counterparts. This Agreement may be signed in any number of counterparts and each counterpart shall represent a
fully executed original as if signed by all Parties. 
 Section 10.8 Survival. The provisions of
Sections 4.2 and 4.3, and Articles 5 through 10, inclusive, shall survive the expiration or earlier termination of this Agreement. 
 Section 10.9 Further Assurances. Each Party agrees to execute and deliver all further instruments and documents, and take all further action not inconsistent with the

  
 15 

 
provisions of this Agreement that may be reasonably necessary to complete performance of the Parties’ obligations hereunder and to effectuate the purposes and intent of this Agreement.

 Section 10.10 Third Parties. Except as provided in this Agreement with respect to indemnified persons and
Affiliates or as otherwise expressly provided herein, nothing in this Agreement shall be construed to create any duty to, standard of care with respect to, or any liability to any Person who is not a Party to this Agreement. 

Section 10.11 Assignment. Neither Party may sell, assign or otherwise transfer, voluntarily or by operation of law, all or
any part of its rights under this Agreement, except that Fulcrum may, without the prior written consent of WCNX, assign and delegate this Agreement to any lenders and other financing providers of Fulcrum or to any Affiliate. If either Party sells or
otherwise transfers all or substantially all of its assets to any Person, such Party shall cause such Person to assume all of such Party’s obligations under this Agreement. 

Section 10.12 Time is of the Essence. Time is of the essence of this Agreement. 

[SIGNATURE PAGE FOLLOWS] 

  
 16 

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

									
	FULCRUM BIOENERGY, INC.	 		 	WASTE CONNECTIONS, INC.
					
	By:	 	 /s/ Ted M. Kniesche
	 		 	By:	 	 /s/ James M. Little

	Name: Ted M. Kniesche	 		 	Name: James M. Little
	Title: VP Business Development	 		 	Title: Vice President

 Exhibit A 
 EXCLUSIVE WASTE SHEDS 
 Exclusive Waste Sheds 

 

			
	 General Geographic Area
	  	 Included Municipalities

	 Colorado, USA

[***]
	  	 [***]

		
	 [***] CO, USA

[***]
	  	 [***]

		
	 Iowa, USA

[***]
	  	 [***]

		
	[***] IA, USA	  	 [***]

		
	[***] KS, USA	  	 [***]

		
	 Kentucky, USA

[***]
	  	 [***]

  
 A-1

  

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 Exclusive Waste Sheds 

 

			
	 General Geographic Area
	  	 Included Municipalities

		  	
		
	[***] NE, USA	  	 [***]

		
	[***] OR, USA	  	 [***]

		
	[***] SD, USA	  	 [***]

		
	[***] TN, USA	  	 [***]

		
	[***] TN, USA	  	 [***]

  
 2 

 

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 Exclusive Waste Sheds 

 

			
	 General Geographic Area
	  	 Included Municipalities

		  	
		
	 Washington, USA

[***]
	  	 [***]

		
	[***] TX, USA	  	 [***]

		
	 Oklahoma, USA

[***]
	  	 [***]

		
	[***] CA, USA	  	 [***]

  
 3 

 

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 Exhibit B 
 FORM OF SUPPLY AGREEMENT 
 This Exhibit B summarizes the principal
terms of the Supply Agreements contemplated by Section 2.2(b) of the Agreement. Initially capitalized terms used in this Exhibit B but not defined herein have the meanings set forth in the Agreement. 

 

			
	1. Parties	  	 a. WCNX Party (“Supplier”).
  

b. Project Company (“Project Company”)

		
	2. Certain Defined Terms	  	 “Agreement” For each Supply Agreement, Fulcrum and WCNX will confirm with local tax and regulatory/permitting counsel
to identify the optimal “name” of the Agreement and the Feedstock to be delivered (e.g., “Feedstock Supply Agreement,” “Waste Diversion Agreement”, etc.), and then modify other provisions as appropriate.

 
 “Maximum Deliverable Quantity” means a quantity of Feedstock as
specified in the Supply Agreement.

		
	3. Supply and Acceptance Commitment	  	 a. Generally. Subject to the terms and conditions of the Supply Agreement, during the term (i) Project Company shall schedule
delivery of Feedstock with Supplier and accept delivery from Supplier (or haulers directed by Supplier) for 100% of Project Company’s requirements of Feedstock for the Conversion Facility up to the Maximum Deliverable Quantity, it being
acknowledged that Project Company does not guarantee any specific level of Conversion Facility requirements, but only that Project Company shall schedule and accept delivery from Supplier (or haulers directed by Supplier) for all of Project
Company’s actual requirements up to the Maximum Deliverable Quantity, and (ii) Supplier shall supply or direct the supply of Feedstock, and shall provide Project Company with first priority to all Feedstock controlled by Supplier or its
Affiliates (or haulers directed by Supplier), up to the Maximum Deliverable Quantity, it being acknowledged that Supplier does not guarantee the availability of Feedstock, but only that Supplier shall provide Project Company with first priority to
all such Feedstock actually available up to the Maximum Deliverable Quantity.
  
 b. Feedstock Shortfalls. The Supply Agreement will include provisions under which (i) Project Company shall have the right to enter into short- and long-term agreements with third parties for
supply of Feedstock from other third party suppliers in the event that Supplier fails for any reason to deliver requested quantities of Feedstock, (ii) Project Company shall
retain

  
 B-1

			
		  	all tipping and related fees charged to such third parties under such permitted agreements and (iii) with respect to any third-party supplied Feedstock, Supplier shall accept
Non-processable materials and by-products for disposal in accordance with its permits and Applicable Laws at most favored customer rates.
		
	4. Supply and Delivery Terms	  	The Supply Agreement will contain detailed terms and provisions with respect to scheduling, handling, delivery, acceptance and related matters involving the mechanical and
day-to-day aspects of the supply and acceptance of Feedstock, including provisions to minimize delivery to the Project Company of Non-processable materials.
		
	5. Financial and Payment Provisions	  	 a. Tipping Fees. [***]
  

b. Disposal. Supplier shall be responsible for all costs and expenses of transporting and landfilling all non-conforming or Non-processable
materials delivered or directed to be delivered by Supplier and also for any By-products that may be legally disposed of at any WCNX Site within the particular Exclusive Waste Shed.

 
 c. Payment Procedures; Records and Audits. The Supply Agreement will have
mutually agreed terms regarding the timing and procedures for invoicing and making payments. Each party thereto will maintain full and accurate records with respect to all amounts to be paid to the other party under the Supply Agreement, and each
party will have the right to examine the records of the other party upon reasonable notice and during normal business hours.
  
 d. Taxes and other Costs. Supplier will pay all taxes, costs, expenses, fees and other amounts associated with its solid waste handling, hauling, transfer, and MRF and disposal operations or
relating to the delivered Feedstock, and/or associated with collection and disposal of all Non-processable materials or By-products that may be legally disposed of at any WCNX Site.

		
	6. Term and Termination	  	a. Term. The Supply Agreement shall have a term of 20 years from the Conversion Facility’s commercial operation date. The Supply Agreement will contain mutually agreed
provisions relating to either party’s right to

  
 B-2

  

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

			
		  	 extend the term of the Supply Agreement.
  

b. Termination. The Supply Agreement shall be terminable, for among other reasons, upon the following:

 
 (1) Failure of Supply or Acceptance of Feedstock. If
adequate supplies of Feedstock sufficient to meet the Maximum Deliverable Quantity cease to be regularly available, or if Fulcrum fails to regularly accept Feedstock, then the parties will meet and confer to determine if they can reach a mutually
acceptable solution and/or an amendment to the Supply Agreement. If the parties do not reach a solution within 90 days following initiation of discussions, then the aggrieved party may terminate the Supply Agreement without liability to either
party.
  
 (2) Additional. If WCNX Site
Arrangements are applicable, the termination provisions will be consistent with any termination rights in the WCNX Site Arrangements.

		
	7. Events of Default, Indemnification and Force Majeure	  	 a. Default. The Supply Agreement will contain customary provisions describing events of default for either party, including
defaults for non-performance and bankruptcy of a party.
  
 b.
Indemnification. Subject to customary exceptions, each party will indemnify the other for any losses arising out of (a) bodily injury (including death) to any person, (b) damage (including loss of use) to any property, or (c) contamination or
adverse effects on the environment or natural resources to the extent caused by a breach by the first party of the Supply Agreement or the first party’s negligent acts or omissions or willful misconduct.

 
 c. Insurance. The Supply Agreement will contain customary insurance provisions
consistent and the indemnification provisions hereof, and if applicable, with the WCNX Site Arrangements.
  
 d. Force Majeure. The Supply Agreement will contain customary provisions regarding force majeure events and will also contain provisions describing the rights and obligations of each party in the
event of a major casualty to either party’s facilities.

		
	8. Miscellaneous	  	a. Assignment. Neither party will be allowed to assign or delegate its rights or obligations under the Supply Agreement without the consent of the other, except that Project
Company may assign and delegate its rights or obligations to (i) any party to whom the WCNX Site Arrangements are assigned, (ii) a lender or other party providing financing to the Conversion Facility. In the event that either party sells or
otherwise transfers all or substantially all of its assets (including the assets of such party relevant to this Supply Agreement) to any third party, such party will cause the third

  
 B-3

			
		  	 party to assume all of such party’s obligations under this Supply Agreement as a condition of such sale or transfer.

 
 b. Financing Assistance. Supplier will agree to reasonably cooperate with
Project Company’s financing of the Conversion Facility. Such cooperation will include entering into an agreement with the lenders or other financing parties that contains customary and reasonable provisions, pursuant to which Supplier consents
to the assignment of the Supply Agreement to the lenders or financing parties. Supplier will also agree to furnish the lenders or financing parties with such other documents as may be reasonably requested.

 
 c. Environmental Attributes. Except as set forth in the following sentence,
Project Company shall be entitled to any and all credits (including carbon and green-house gas related credits), benefits, emissions reductions, offsets, and other similar environmental attributes, however entitled, attributable to the Project, the
creation or use of Feedstock or the transactions under the Supply Agreement. As between Project Company and the WCNX Party, the WCNX Party shall be entitled to any and all diversion credits arising out of the diversion of Feedstock from
landfills.
  
 d. Representations and Warranties. The Supply Agreement
will include customary representations and warranties of the parties including, without limitation, representations as to due organization, authority, no conflict, permits, insurance and other relevant matters.

 
 e. Confidentiality. Each party will agree to maintain the confidentiality of
the other party’s proprietary information.
  
 f. No Consequential
Damages. Neither party will be liable to the other party for consequential, incidental, punitive, exemplary or indirect damages.
  

g. Governing Law. The Supply Agreement will be governed by and construed in accordance with the laws of the State of California.

 
 h. Additional. The Supply Agreement shall contain such other additional
provisions as the parties mutually agree.

  
 B-4

 Exhibit C 
 TERMS OF WCNX SITE ARRANGEMENTS 
 This Exhibit C summarizes the
principal terms of the WCNX Site Arrangements contemplated by Section 2.2(a) of the Agreement. As noted in Section 2.2(a)(i) of the Agreement, these WCNX Site Arrangements only apply where the Conversion Facility will be located on
a WCNX Site. Typically, these arrangements will be in the form of a lease (the “Lease”), but if a lease is not appropriate, the Parties will incorporate and conform the following terms, as applicable, into the appropriate site
arrangements. Initially capitalized terms used in this Exhibit C but not defined herein have the meanings set forth in the Agreement. 
  

			
	1. Parties	  	 a. WCNX Party, as the owner of the Premises (“Landlord”).

 
 b. Project Company (“Tenant”) organized for the purpose of
owning and operating the Conversion Facility, and if applicable, the Processing Facility. The facilities subject to the Lease are referred to in this Exhibit C individually, and collectively, as the
“Facility”.

		
	2. Lease of Premises and Grant of Easements	  	a. Generally. In consideration of the rents and covenants set forth in the Lease and subject to the terms and condition of the Lease, Landlord shall (i) lease to Tenant all
of the parcel(s) of land to be described in an exhibit to the Lease, and (ii) grant to Tenant each of the easements for utilities, drainage, ingress, egress, and other purposes, either on an exclusive or non-exclusive basis, all as more fully
described in an exhibit to the Lease (such parcel(s), together with the benefit of such easements, the “Premises”). The Premises shall include all real property necessary for Tenant to construct the Facility.
		
	3. Term and Termination	  	 a. Initial Term. The initial term of the Lease shall commence on delivery of possession of the Premises from Landlord to Tenant
under Section 3(c) below (the “Term Commencement Date”), and shall expire twenty years following the commercial operation date of the Facility.
  

b. Options to Extend Term. For each WCNX Site Arrangement, Fulcrum and WCNX shall negotiate provisions relating to Tenant’s right to extend
the term.
  
 c. Delivery of Possession and Commencement of Term.
Landlord will deliver possession of the Premises to Tenant within 10 days after Tenant delivers notice of its intent to commence construction activities on the Facility. Landlord will permit Tenant access to the Premises prior to the date Landlord
delivers possession of the Premises for

  
 C-1

			
		  	 purposes of conducting site assessments and pre-construction activities, subject to the terms and conditions of the Lease, except
payment of rent.
  
 d. Early Termination. The Lease shall contain
terms relating to each party’s right to terminate the Lease prior to the expiration of the term on the terms and conditions specified therein.

		
	4. Rent	  	 a. Base Rent. $[***] per year, payable annually. All Base Rent may be prepaid at any time by Tenant.

 
 b. Net Lease. The Lease will be a net lease and, as such, Tenant will be
responsible for all costs and expenses incurred in the operation of the Facility, including all utility and operating costs, and all business and personal property taxes related to the Facility.

 
 c. Taxes. If the Premises are taxed as a separate legal parcel, Tenant will
pay all real property taxes associated therewith. If the Premises are not taxed as a separate legal parcel, the real property taxes assessed shall be apportioned based upon the number of acres included in the Premises in proportion to the total
acres included in the WCNX Site, excluding the value of any improvements located on the Premises or the WCNX Site which may have been included in the assessment. In such case, Landlord will pay all real property taxes, and Tenant will reimburse
Landlord for Tenant’s portion of such taxes within 30 days after receipt from Landlord of a tax bill and proof of payment by Landlord. The parties shall cooperate in order to obtain any available tax holidays and/or other tax abatements or
related tax benefits attributable to the “green” nature of the Facility, and such benefits shall be for the account of Tenant.

		
	5. Construction of Facility and Use of Premises	  	 a. Generally. The Lease shall contain detailed provisions setting forth the terms and conditions under which:

 
 (1) Tenant shall have the right and obligation to use the
Premises for the construction, operation, maintenance, repair and replacement of the Facility owned by Tenant using Tenant’s proprietary thermochemical conversion technologies;

 
 (2) Tenant will have the right to make all necessary improvements
on the Premises and may demolish, remove, replace, alter, relocate, reconstruct or add to any of its improvements (including the Facility) on the Premises and modify or change the contour and/or grade of the Premises.

 
 (3) Tenant’s operations shall not interfere with
the

  
 C-2

  

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

			
		  	 operation of Landlord’s ordinary course business at the site or otherwise interfere with Landlord’s ability to comply with
Landlord’s permits or Applicable Laws related to the site or either party’s operations thereon.
  
 b. Ownership of the Facility and other Leasehold Improvements. The Facility and all other improvements to the Premises (including any equipment owned by Tenant and located on the Premises) will be
considered personal property of Tenant and, even though attached to or affixed to or installed upon the Premises, shall not be considered to be fixtures or part of the WCNX Site. Landlord will agree to subordinate any lien upon or any other interest
in its site to the lien of any lender or financing party as described in greater detail below.
  
 c. Hazardous Materials. Tenant will be entitled to bring, keep, sell or use on or about the Premises such materials, supplies, equipment and machinery as are appropriate and customary in carrying
on the permitted uses under the Lease. Except in compliance with Applicable Law, Tenant will not be permitted to use or store at the Premises any hazardous materials. Tenant will indemnify, defend and hold Landlord harmless for losses to Landlord
arising out of Tenant’s use, discharge or other release of hazardous materials at or from the Premises. Landlord will indemnify, defend and hold Tenant harmless for losses to Tenant arising out of the presence of hazardous materials at the
Landfill to the extent not caused by Tenant’s use, discharge or other release of hazardous materials at the Premises. The Lease shall also include provisions relating to Landlord’s obligation to deal with hazardous materials contained in
the Feedstock delivered by Landlord under the applicable Supply Agreement.
  

d. Notices. Tenant will provide Landlord with copies of all notices relating to Tenant’s occupancy of the WCNX Site that it receives from (i)
governmental agencies, (ii) lenders and debt holders of the Tenant, and (iii) insurance carriers. Tenant shall provide Landlord with copies of all responses to such notices.

 
 e. Utilities. Tenant will have the obligation to provide and pay for utilities
at the Facility; provided, that Landlord will cooperate with Tenant’s request for assistance in obtaining utility service for the Facility.
  

e. Maintenance. Tenant, at its sole expense, will maintain and repair the Facility and will keep the Facility in safe order and
condition.
  
 f. Permits and Compliance with Laws. Tenant will comply
with all Applicable Laws relating to the use of the Premises.

  
 C-3

			
		  	 g. Tenant’s Right to Quiet Enjoyment. Subject to Tenant’s compliance with the terms of the Lease, Landlord will
covenant that Tenant shall have quiet enjoyment of the Premises.
  
 h.
Surrender of Premises at End of Term. The Lease shall contain customary provisions relating to Tenant’s obligation to remove the Facility (i.e., Landlord shall have the option of requiring Tenant, at Tenant’s sole cost and expense, to
remove the Facility), as well as mutually agreed alternatives to such removal, including abandonment rights and purchase options.

		
	6. Indemnification, Insurance and Defaults	  	 a. General Indemnification. Subject to customary exceptions, each Party will indemnify the other for any losses arising out of
(a) bodily injury (including death) to any person, (b) damage (including loss of use) to any property to the extent caused by the first Party’s negligent acts or omissions or willful misconduct, and (c) consistent with the indemnity obligations
under Section 5(c) of this Exhibit C, damage to the environment arising out of or in any way related to Tenant’s operations on the Premises.
  

b. Insurance. The Lease shall contain normal and customary provisions regarding each Party’s obligation to carry insurance, name persons or
parties as additional insureds, provide proof of insurance, and waive subrogation rights. The insurance provisions will be consistent with insurance provisions in the Supply Agreement for the Project and include an obligation by Tenant to use
commercially reasonable efforts to obtain Pollution Liability Insurance on commercially reasonable terms.
  
 c. Default. The Lease shall contain customary provisions describing events of default for either Party, including defaults for non-performance and bankruptcy of a Party.

		
	7. Casualty and Condemnation	  	 a. Casualty. The Lease shall contain detailed provisions under which Tenant shall have the option to terminate the Lease in
certain circumstances if the Facility suffers a major casualty event or similar occurrence.
  
 b. Condemnation. If at any time the Premises or any portion thereof is condemned or transferred in lieu of condemnation, the net proceeds of such condemnation or transfer shall be divided between
Landlord and Tenant in proportion to the fair value of Landlord’s and Tenant’s respective interests. Any determination of Tenant’s interest in the Premises or the Facility will not be limited to the rent paid or received hereunder,
but will include the value of lost sales of Energy Products

  
 C-4

			
		  	from the Facility.
		
	8. Assignment, Subletting, Mortgages	  	 a. Tenant’s Right to Assign or Sublet. Tenant shall not be permitted to assign or sublet the Premises without the consent of
Landlord, except that the Lease shall set forth more detailed terms and conditions under which Tenant may (i) collaterally assign and transfer the Lease to financing parties as described in Section 8(b) below, (b) Tenant may assign the Lease to
specified Affiliates which also receive an assignment of the Supply Agreement and (c) Tenant may transfer the Lease to third parties meeting specified requirements (including being adequately capitalized) and that succeed to all or substantially all
of the business and assets of Tenant, including an assignment of the Supply Agreement. Landlord may require the conditional guarantee of Tenant as a condition of consenting to any assignment.

 
 b. Tenant’s Right to Grant WCNX Site Leasehold Mortgages. Tenant will
have the right to assign its interest in the Premises, and to grant a first priority real property lien on, the Premises to any lender or financing party to Tenant or the Facility. Landlord will agree to cooperate with any such financing, and such
cooperation will include entering into an agreement with the lenders or other financing parties that contains customary and reasonable provisions, pursuant to which Landlord consents to the assignment of the Lease to the lenders or financing parties
and the placing of a lien on Tenant’s interest in the Premises. Supplier will also agree to furnish the lenders or financing parties with such other documents as may be reasonably requested, including without limitation, estoppel certificates,
subordination and non-attornment agreements. Landlord acknowledges that in connection with such financing, Tenant may be required to deliver surveys and title insurance polices with respect to the Premises, and Landlord agrees to cooperate with
Tenant’s reasonable requests in connection therewith. Landlord will cooperate with Tenant and its lenders and financing sources to obtain subordination and non-disturbance agreements as appropriate from any of Landlord’s lenders having
security interest in the Premises.

		
	9. Representations and Warranties	  	The Lease will contain normal and customary representations and warranties of each of the parties, some limited to the knowledge of the parties as appropriate, including both
general corporate and enforceability type representations and certain representations specific to the Premises or the Facility.
		
	10. Additional	  	The Lease will contain such other additional provisions as the parties mutually agree, including but not limited to provisions for surrender of the Premises, holding-over,
broker’s commissions, time is of the essence, recordation of a memorandum of lease, limitations on 

  
 C-5

			
		  	consequential damages, etc.

  
 C-6

 

 
  

	
	February 23, 2010

 Waste Connections, Inc. 
 25 Iron Point Circle. Suite 200 
 Folsom, CA 95630 

Attention: James M. Little 
  

	 	RE:	Amendment to Master Project Development Agreement 

 Dear James: 
 This letter confirms our agreement to amend Section 6.1(e) of
the Master Project Development Agreement (the “Agreement”), dated as of December 19, 2008, by and between Fulcrum BioEnergy, Inc. and Waste Connections, Inc. Upon execution of this letter agreement by both parties.
Section 6.1(e) of the Agreement is hereby amended by replacing the phrase “as of the first anniversary of the Effective Date” with “as of the second anniversary of the Effective Date”. 

Please acknowledge your agreement to the foregoing by signing this letter in the space provided below and returning a copy to me.

  

			
	Regards,
	
	Fulcrum BioEnergy, Inc.
		
	By:	 	 /s/ Ted M. Kniesche

		 	Name: Ted M. Kniesche
		 	Title: VP Business Development

  

			
	As acknowledged and agreed on February     , 2010
	
	Waste Connections, Inc.
		
	By:	 	 /s/ James M. Little

		 	Name: James M. Little
		 	Title: Vice President

 

 

 

 
 May 24, 2011 
 Waste Connections, Inc. 
 25 Iron Point Circle, Suite 200 

Folsom, CA 95630 
 Attention: James M. Little

  

	 	RE:	Master Project Development Agreement 

Dear Jim: 
 Reference is hereby
made to (i) that certain Master Project Development Agreement dated as of December 19, 2008 by and between Fulcrum BioEnergy, Inc. and Waste Connections, Inc. (the “Master Agreement”) and (ii) that certain Resource
Recovery Supply Agreement dated as of May 24, 2011 by and between Fulcrum [***] BioFuels, LLC and Waste Connections of [***], Inc. (the “[***] Feedstock Supply Agreement”). This letter agreement is being
executed concurrently with the [***] Feedstock Supply Agreement. 
 By execution of this letter agreement, each of
Fulcrum BioEnergy, Inc. and Waste Connections, Inc. hereby agrees to waive their respective right to terminate the Master Agreement pursuant to Section 6.2(a) of the Master Agreement, effective as of the full execution and delivery of the
[***] Feedstock Supply Agreement. 
 Please acknowledge your agreement to the foregoing by signing this letter in the
space provided below and returning a copy to me. 
  

					
	Regards,
	
	Fulcrum Bionergy, Inc.
		
	By:	 	 /s/ Richard D. Barraza

		 	Name:	 	Richard D. Barraza
		 	Title:	 	Vice President

  

					
	As acknowledged and agreed on May     , 2011
	
	Waste Connections, Inc.
		
	By:	 	 /s/ James M. Little

		 	Name:	 	James M. Little
		 	Title:	 	Senior Vice President

 

 
  

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment.Resource Recovery Supply Agreement

 Exhibit 10.8 
 Execution Version 
 FULCRUM SIERRA BIOFUELS, LLC 

RESOURCE RECOVERY SUPPLY AGREEMENT 
 Dated as of November 14, 2008 
  

			
	Summary of Terms
		
	Fulcrum	  	Fulcrum Sierra BioFuels, LLC
		
	WCC	  	Waste Connections of California, Inc.
		
	Fulcrum’s Facility Location	  	3501 Peru Drive, McCarren, Nevada
		
	WCC’s Site or MRF	  	 Western El Dorado Material Recovery Facility

4100 Throwita Way, Placerville, California

 TABLE OF CONTENTS 

 

									
	 	  	 	  	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	1	  
				
		  	1.1	  	 Definitions
	  	 	1	  
				
		  	1.2	  	 Interpretation
	  	 	4	  
		
	 ARTICLE II DELIVERY AND ACCEPTANCE OF PROCESSED FEEDSTOCK
	  	 	4	  
				
		  	2.1	  	 Deliveries Prior to COD
	  	 	4	  
				
		  	2.2	  	 Deliveries Following COD
	  	 	4	  
				
		  	2.3	  	 Failure of Fulcrum to Schedule or Accept Feedstock
	  	 	5	  
				
		  	2.4	  	 Delivery Procedures
	  	 	6	  
				
		  	2.5	  	 Preparation of Feedstock
	  	 	6	  
				
		  	2.6	  	 Testing and Monitoring of Feedstock
	  	 	6	  
				
		  	2.7	  	 Title, Possession and Risk of Loss
	  	 	6	  
				
		  	2.8	  	 Transportation
	  	 	6	  
				
		  	2.9	  	 Compliance with Laws
	  	 	6	  
				
		  	2.10	  	 Records and Audit
	  	 	7	  
				
		  	2.11	  	 Feedstock Priority
	  	 	7	  
				
		  	2.12	  	 Diversion Credits
	  	 	7	  
		
	 ARTICLE III PAYMENT AND DOCUMENTATION PROVISIONS
	  	 	7	  
				
		  	3.1	  	 Fee
	  	 	7	  
				
		  	3.2	  	 Monthly Statements
	  	 	8	  
				
		  	3.3	  	 Taxes and Other Costs
	  	 	8	  
		
	 ARTICLE IV TERM
	  	 	8	  
				
		  	4.1	  	 Term
	  	 	8	  
				
		  	4.2	  	 Project Abandonment
	  	 	8	  
				
		  	4.3	  	 Termination
	  	 	8	  
				
		  	4.4	  	 Feedstock Shortfalls
	  	 	8	  
		
	 ARTICLE V DEFAULT AND REMEDIES
	  	 	8	  
				
		  	5.1	  	 Event of Default
	  	 	8	  
				
		  	5.2	  	 Remedies for an Event of Default
	  	 	9	  
		
	 ARTICLE VI INDEMNITY
	  	 	10	  
		
	 ARTICLE VII UNCONTROLLABLE CIRCUMSTANCES
	  	 	10	  
				
		  	7.1	  	 Excuse of Performance
	  	 	10	  
				
		  	7.2	  	 Failure of the Feedstock Supply
	  	 	10	  
		
	 ARTICLE VIII INSURANCE REQUIREMENTS
	  	 	11	  
		
	 ARTICLE IX REPRESENTATIONS AND WARRANTIES OF THE PARTIES
	  	 	11	  

  
 i 

											
	 ARTICLE X MISCELLANEOUS
	  	 	11	  
					
		  		  	10.1	  	 Notices
	  	 	11	  
					
		  		  	10.2	  	 Governing Law
	  	 	12	  
					
		  		  	10.3	  	 Assignment
	  	 	12	  
					
		  		  	10.4	  	 Change in Law
	  	 	12	  
					
		  		  	10.5	  	 Confidentiality
	  	 	12	  
					
		  		  	10.6	  	 Environmental Attributes
	  	 	12	  
					
		  		  	10.7	  	 Public Statements
	  	 	12	  
					
		  		  	10.8	  	 Independent Contractors; No Partnership
	  	 	12	  
					
		  		  	10.9	  	 Cooperation With Financing
	  	 	13	  
					
		  		  	10.10	  	 Waiver of Consequential Damages
	  	 	13	  
					
		  		  	10.11	  	 Severability
	  	 	13	  
					
		  		  	10.12	  	 Amendments
	  	 	13	  
					
		  		  	10.13	  	 Joint Effort
	  	 	13	  
					
		  		  	10.14	  	 Captions
	  	 	13	  
					
		  		  	10.15	  	 Non-Waiver
	  	 	13	  
					
		  		  	10.16	  	 Counterparts
	  	 	13	  
					
		  		  	10.17	  	 Survival
	  	 	13	  
					
		  		  	10.18	  	 Third Parties
	  	 	13	  
					
		  		  	10.19	  	 No Recourse
	  	 	14	  
					
		  		  	10.20	  	 Complete Agreement
	  	 	14	  
					
		  		  	10.21	  	 Further Assurances
	  	 	14	  
					
		  		  	10.22	  	 Costs and Expenses
	  	 	14	  

 EXHIBITS 
  

					
	EXHIBIT A	 	-	 	FEEDSTOCK SPECIFICATIONS
	EXHIBIT B	 	-	 	FEE CALCULATIONS
	EXHIBIT C	 	-	 	WCC’S DAMAGES CALCULATIONS

  
 ii 

 RESOURCE RECOVERY SUPPLY AGREEMENT 

THIS RESOURCE RECOVERY SUPPLY AGREEMENT (“Agreement”) is made and entered into as of this      day
of November, 2008 (“Effective Date”), between Waste Connections of California, Inc., a California corporation (“WCC”), and Fulcrum Sierra BioFuels, LLC, a Delaware limited liability company
(“Fulcrum”). WCC and Fulcrum are sometimes referred to herein jointly as the “Parties” and individually as a “Party.” 
 WHEREAS, Fulcrum intends to construct and operate a facility in Storey County, Nevada for the production of ethanol and/or other bioproducts (the “Facility”) that will use municipal solid
waste as feedstock. 
 WHEREAS, WCC owns and operates a material recovery facility in El Dorado County, California that
processes municipal solid waste (the “MRF”). 
 WHEREAS, Fulcrum and WCC desire to enter into this Agreement
under which WCC shall supply and deliver, and Fulcrum shall accept and transport from the MRF, specified quantities of Feedstock (as defined below), all in accordance with the terms and conditions set forth in this Agreement. 

NOW THEREFORE in consideration of the mutual covenants and promises contained in this Agreement and other good and valuable
consideration, the Parties agree as follows: 
 ARTICLE I 

DEFINITIONS AND INTERPRETATION 
 1.1 Definitions. Initially capitalized terms used herein shall have the meanings set forth below: 
 “Agreement” means this Resource Recovery Supply Agreement, including all Exhibits hereto, as amended from time to time. 

“Affiliate” means with respect to any Person, another Person which controls, is controlled by, or is under common
control with the first Person. For purposes of the foregoing, “control,” “controlled by” and “under common control with,” with respect to any Person, means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of such Person, whether through the ownership of voting securities or by contract or otherwise. 
 “Amador Facility” has the meaning set forth in Section 2.11. 
 “Business Day” means any Day, excluding Sunday and legal holidays. 
 “Cap” has the meaning set forth in Section 2.3. 

“Commercial Operation Date” or “COD” means the Day on which, following its start-up, testing and
commissioning, the Facility commences generating ethanol and/or other bioproducts for sale in commercial quantities, which shall be the date specified as such by Fulcrum in a notice provided by Fulcrum to WCC as detailed in the Scheduling Protocol.

 “Day” or “Days” means a calendar day. 

  
 1 

 “Delivery Point” means the delivery vehicle loading point at WCC’s
Site at all times after the Commercial Operation Date, and the Facility Location at all time prior to the Commercial Operation Date, and if applicable pursuant to Section 2.11(a), the delivery vehicle loading point at the Amador
Facility. 
 “Effective Date” has the meaning set forth in the preamble. 

“Event of Default” has the meaning set forth in Section 5.1. 

“Facility” has the meaning set forth in the recitals. 

“Facility Location” has the meaning set forth on the cover page of this Agreement. 

“Fee” has the meaning set forth in Section 3.1. 

“Feedstock” means any and all solid wastes and other carbonaceous materials (including but not limited to garbage,
rubbish, trash, refuse, paper, glass, plastic, cardboard, plant and grass clippings and leaves) collected or received from residential, commercial, industrial or other sources that has been sorted by WCC at WCC’s Site to meet the specifications
set forth in Exhibit A. 
 “Financing” means any construction or long-term financing or other type of
financing or refinancing as may be necessary for the Facility, in each case as Fulcrum may determine. 

“Fulcrum” has the meaning set forth in the preamble. 

“Fulcrum’s Net Costs” has the meaning set forth in Section 2.3. 

“Fulcrum’s Total Actual Liability” has the meaning set forth in Section 2.3. 

“Hazardous Material” means any and all hazardous, toxic, or harmful (or potentially harmful) substances, materials or
wastes, including: (i) those substances, materials and wastes listed or identified now or in the future by the United States Department of Transportation in Table at 49 C.F.R. Section 172.101, any amendments thereto, or listed or
identified by the United States Environmental Protection Agency as a hazardous substance at 40 C.F.R. Part 302, and any amendments thereto and (ii) any substances, materials or wastes that are or become regulated under applicable environmental
Laws, including any substances, materials or waste which has or are: (a) petroleum and derivatives thereof; (b) radioactive; (c) asbestos; (d) polychlorinated biphenyls; (e) defined, designated, or listed as a
“hazardous waste” under the Solid Waste Disposal Act, 42 U.S.C. Section 6901, et seq. or under any implementing regulations thereto and any equivalent state or local laws or regulations; (f) defined, designated, or listed
as a “hazardous substance” under the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Section 9601, et seq. or under any implementing regulations thereto and any equivalent state or local laws or
regulations; and (g) defined, designated, or listed as a “hazardous substance” under the Clean Water Act, 33 U.S.C. Section 1251, et seq. or under any implementing regulations thereto and any equivalent state or local laws
or regulations. 
 “Indemnified Parties” means with respect to WCC or Fulcrum, as applicable, such Party and
all of its current and former Affiliates, along with such Party’s and each of its Affiliate’s respective officers, directors, partners, managers, members, agents, employees, successors, and assigns. 

“Instructions” has the meaning set forth in Section 2.2(b). 

“Laws” means all applicable laws, statutes, rules and regulations, orders and ordinances or specified standards or
objective criteria contained in any applicable license, permit or approval or other legislative or administrative act, of the United States of America or any state, agency, department, authority, political subdivision or other instrumentality
thereof, or a decree, judgment or order of a court, 

  
 2 

 
including those governing wages, hours, employment discrimination and safety, laws regarding workers’ compensation, disability laws and employee benefit laws. 

“Lenders” means providers from time to time of Financing. 

“Losses” means all costs, liabilities, penalties, fines, damages, forfeitures, demands, claims, causes of action, suits,
and costs and expenses incidental thereto (including costs of defense, settlement, and reasonable attorney’s fees). 

“Maximum Deliverable Quantity” means that quantity of Feedstock designated by Fulcrum from time to time pursuant to
Article II; provided, that unless the Parties otherwise agree, the Maximum Deliverable Quantity shall never be less than 1750 Tons per Week of Feedstock. 
 “Month” means a calendar month. 
 “Party” or
“Parties” has the meaning set forth in the preamble. 
 “Person” means any individual, firm,
corporation, partnership, limited liability company, trust, governmental authority or other organization or entity having legal capacity. 
 “Representatives” has the meaning set forth in Section 10.5. 
 “Rejected Materials” has the meaning set forth in Section 2.6. 
 “Scheduling Protocol” has the meaning set forth in Section 2.2(b). 
 “Specifications” has the meaning in Section 2.5. 

“Taxes” means all U.S. federal, state or local taxes, excluding any income taxes, but including sales, use and transfer
taxes, transportation taxes, carbon taxes, levies or assessments, franchise fees, license fees, encumbrances or charges applicable to this Agreement or any of the transactions contemplated hereunder. 

“Term” has the meaning set forth in Section 4.1. 

“Ton” means a “short ton” of 2,000 pounds, and “Tonnage” means Tons. 

“Uncontrollable Circumstances” means any cause beyond the reasonable control of, and not due to the fault or negligence
of, the affected Party, including acts of God, drought, flood, earthquake, storm, fire, lightning, epidemic, war, riot, civil disturbance, sabotage, explosions, strikes or labor disputes, delays or failures in transportation (including due to
extreme road conditions from inclement weather), orders or judgments of any governmental authority, the absence, suspension, termination, interruption, denial, delay in issuance, or failure of renewal of any permit, any changes in Laws, and any
casualty event or similar occurrence having a direct, material adverse effect on the Facility’s ability to accept Feedstock or on WCC’s Site’s ability to accept waste materials or to process the waste materials into Feedstock.
Uncontrollable Circumstances includes the failure of a contractor, subcontractor or vendor to furnish labor, services, materials or equipment in accordance with its contractual obligations (but solely to the extent such failure is itself due to a
Uncontrollable Circumstance of the type described in this definition). 
 “WCC” has the meaning set forth in
the preamble. 
 “WCC’s Damages” has the meaning set forth in Section 2.3. 

  
 3 

 “WCC’s Site” or “MRF” has the meaning set forth on
the cover page of this Agreement and in the recitals. 
 “Week” means a period of seven consecutive Days
commencing and ending at 12:00 a.m. Sunday. 
 1.2 Interpretation. As used in this Agreement, the terms
“herein,” “herewith” and “hereof” are references to this Agreement, taken as a whole, the term “includes” or “including” means “including, without limitation,” and references to a
“Section,” “subsection,” “clause,” “Article” or “Exhibit” means a Section, subsection, clause, Article or Exhibit of this Agreement, as the case may be, unless in any such case the context
requires otherwise. All references to a given agreement, instrument or other document, or to any Law shall be a reference to such agreement, instrument or other document, or to such Law, as modified, amended, supplemented and/or restated from time
to time. Reference to a Person or Party includes its successors and permitted assigns. The singular shall include the plural and the masculine shall include the feminine and neuter, and vice versa. 

ARTICLE II 

DELIVERY AND ACCEPTANCE OF PROCESSED FEEDSTOCK 
 2.1 Deliveries Prior to COD. Prior to the Commercial Operation Date, WCC shall use commercially reasonable efforts to supply, or direct the supply of, Feedstock up to the Maximum Deliverable
Quantity per Day to Fulcrum’s Facility, in such quantities as are from time to time requested by Fulcrum by written notice to WCC given in accordance with the Scheduling Protocol. The Parties agree that WCC shall have fulfilled its obligations
under this Section 2.1 if WCC uses good faith efforts to cause its haulers to deliver to Fulcrum’s Facility the quantity of Feedstock requested by Fulcrum hereunder. The details relating to WCC’s supply of Feedstock prior to
the Commercial Operation Date shall be set forth in the Scheduling Protocol, including (i) Fulcrum’s waiver of the Fee in connection with the delivery of Feedstock prior to the Commercial Operation Date, (ii) WCC’s obligation to
keep in place all hauling contracts and be responsible for all of its haulers’ costs (up to the Fee) associated with the loading, transportation and unloading of Feedstock that would have otherwise been incurred if such delivery occurred after
the Commercial Operation Date, and (iii) Fulcrum’s reimbursement of WCC’s costs in excess of such Fee. 
 2.2
Deliveries Following COD. 
 (a) Election of Maximum Deliverable Quantity. No less than 180 Days prior to the
expected Commercial Operations Date, Fulcrum shall deliver to WCC a notice electing the Maximum Deliverable Quantity hereunder. 
 (b) Scheduling Protocol and Instructions. Prior to commencement of construction of the Facility or at such time as otherwise reasonably requested by Fulcrum, the Parties shall cooperate to prepare
and mutually agree upon a scheduling protocol (the “Scheduling Protocol”) setting forth: (i) details and procedures by which Fulcrum shall issue (and WCC shall confirm) written instructions on a monthly, weekly and daily basis
(“Instructions”) specifying quantities of Feedstock to be delivered by WCC at the Delivery Point and accepted by Fulcrum on a seven Day per Week basis, (ii) the insurance coverages that each Party shall carry during the
remaining term of this Agreement and the terms and conditions thereof, (iii) information regarding delivery of notices to each Party regarding operational and scheduling matters, (iv) WCC’s obligations related to setting aside large
or bulky items from the Feedstock for separate delivery to Fulcrum, and (v) other related provisions agreed by the Parties, including provisions necessary to expand on and provide additional details related to the provisions more generally
described in this Article II. The Scheduling Protocol shall be prepared in a manner designed to assure (x) a consistent supply of WCC’s Feedstock to the Facility, taking into account the staging and loading procedures and storage
capacity at WCC’s Site and the Facility, (y) compliance with WCC’s Site and Facility operating permits and similar authorizations and (z) consistency with WCC’s 

  
 4 

 
actual operations relating to the collection, storage, processing and transportation of Feedstock. Instructions applicable to any individual Day shall not (without the consent of WCC) be for more
than the Maximum Deliverable Quantity. 
 (c) Delivery and Acceptance Obligations. Subject to Article 7, from and
after the Commercial Operation Date, on each Day (seven Days per Week), WCC shall supply and deliver to Fulcrum at the Delivery Point, and Fulcrum shall accept at the Delivery Point the quantities of Feedstock specified in the Instructions.

 (d) Changes to Maximum Deliverable Quantity. Following Fulcrum’s delivery of a notice under
Section 2.2(a), Fulcrum may at any time and from time to time, upon no less than 90 Days prior written notice to WCC, either increase or decrease the Maximum Deliverable Quantity, subject to the proviso of the definition thereof that
unless the Parties otherwise agree, the Maximum Deliverable Quantity shall never be less than 1750 Tons per Week of Feedstock. 

2.3 Failure of Fulcrum to Schedule or Accept Feedstock. The Scheduling Protocol shall contain provisions under which: 

(a) on a daily basis following COD, if the Facility is unable to accept the Maximum Deliverable Quantity of Feedstock, Fulcrum shall
nevertheless be obligated to elect either: 
 (1) to accept, haul and dispose of such Feedstock quantities up to the
Maximum Deliverable Quantity (it being acknowledged that (x) Fulcrum’s reasonable, actual, documented, out-of-pocket costs for labor, transportation and disposal of such Feedstock not used in the Facility, less (y) Fees paid by
WCC to Fulcrum for such Feedstock, is herein referred to as “Fulcrum’s Net Costs”), or  
 (2) in
lieu of (1) above, to pay to WCC damages in an amount (such amount, “WCC’s Damages”) equal to (x) WCC’s own reasonable actual, documented, out-of-pocket costs for labor, transportation and disposal of such
Feedstock, less (y) an amount equal to the Fees that WCC would have been obligated to pay to Fulcrum if Fulcrum had accepted such Feedstock; 
 provided that in each calendar year the sum of (x) Fulcrum’s Net Costs plus (y) WCC’s Damages (such sum, “Fulcrum’s Total Actual Liability”) shall in no
event exceed $50,000 (the “Cap”); 
 (b) WCC shall have the right to terminate this Agreement at any time upon
not less than 90 Days’ notice if Fulcrum’s Total Actual Liability reaches the Cap in two consecutive years and Fulcrum has not agreed to increase the Cap to the total actual sum of Fulcrum’s Net Costs plus WCC’s Damages for at
least one of such years; and 
 (c) Fulcrum shall have the right to terminate this Agreement at any time upon not less than 90
Days’ notice if Fulcrum concludes in its good faith discretion that Fulcrum’s Total Actual Liability in the then current or following year is likely to reach the Cap. 
 Fulcrum’s obligations under the preceding provisions of this Section 2.3 shall be excused in cases of Uncontrollable Circumstances, but excluding Uncontrollable Circumstances solely
affecting the Facility. 
 An illustration of how the Parties interpret this Section 2.3 is attached hereto as Exhibit C and
incorporated herein by this reference. 

  
 5 

 2.4 Delivery Procedures. 

(a) Deliveries. WCC shall deliver all Feedstock to the Delivery Point and shall load the Feedstock onto Fulcrum’s delivery
vehicles. All such deliveries shall be completed in accordance with the Scheduling Protocol. 
 (b) Weighing Standards and
Procedures. WCC shall allow Fulcrum to have access to a motor vehicle scale at WCC’s Site (and, if applicable, at the Amador Facility), which is certified by the State of California and maintained and operated in accordance with applicable
Laws, for the purpose of determining the Tonnage of Feedstock delivered by WCC to Fulcrum at the Delivery Point. WCC shall allow Fulcrum to weigh and record inbound weights of all of Fulcrum’s delivery vehicles when the vehicles arrive at the
Delivery Point and shall again weigh and record the weights of such vehicles after such vehicles have loaded the Feedstock at the Delivery Point. 
 2.5 Preparation of Feedstock. WCC shall use commercially reasonable efforts to prepare and process Feedstock so that it meets the specifications of Feedstock in accordance with Exhibit A
(the “Specifications”). Fulcrum shall be responsible for all other preparation and processing of the Feedstock at the Facility in connection with the production of ethanol and/or other bioproducts. 

2.6 Testing and Monitoring of Feedstock. With respect to any Feedstock accepted by Fulcrum for use in the Facility:
(a) Fulcrum shall have the right (but no obligation) to inspect or test any quantity of Feedstock delivered by WCC at the Delivery Point, but Fulcrum’s exercise, or failure to exercise, such testing and inspection rights shall not relieve
WCC of its responsibility to deliver Feedstock meeting the Specifications; (b) if, at any time, Fulcrum reasonably determines that any materials delivered by WCC do not comply with the definition of Feedstock or otherwise with the terms of this
Agreement, Fulcrum may inform WCC of its rejection (or revocation of acceptance) of such non-conforming materials (the “Rejected Materials”); and (c) WCC shall be solely responsible for the handling, loading, transportation and
disposal of such Rejected Materials. 
 2.7 Title, Possession and Risk of Loss. 

(a) Deliveries to the Facility. Title, possession and risk of loss of any or all Feedstock accepted by Fulcrum for use at the
Facility shall pass from WCC to Fulcrum, and delivery shall be completed, when such Feedstock is loaded into delivery vehicles at the Delivery Point, subject to Section 2.6. 

(b) Other Disposal. In circumstances in which Fulcrum does not accept Feedstock for use at the Facility but elects to haul and
dispose of such Feedstock pursuant to Section 2.3, then title and risk of loss of such Feedstock shall remain with WCC, and Fulcrum shall haul and dispose of such Feedstock as WCC’s agent or subcontractor, as specified in greater
detail in the Scheduling Protocol. 
 (c) Documentation. At the Delivery Point, each Party will provide to the other
Party those completed documents, shipping papers or manifests as are required, for lawful transfer of the Feedstock. 
 2.8
Transportation. WCC shall have the sole responsibility, at its sole expense, for loading the Feedstock into delivery vehicles at the Delivery Point, and Fulcrum shall have the sole responsibility, at its sole expense, for transporting the
Feedstock from the Delivery Point. 
 2.9 Compliance with Laws. Each Party shall comply with all applicable Laws in
carrying out its obligations under this Agreement. Fulcrum shall arrange for the supply, maintenance and repair of all truck tractors, trailers and other equipment necessary to accept waste up to Maximum Deliverable Quantities at the MRF and to
off-load such quantities at the Facility or the disposal facility, as 

  
 6 

 
the case may be. Fulcrum shall pay all costs and expenses associated therewith, including labor, fuel, parts and supplies. 

2.10 Records and Audit. WCC shall maintain full and accurate records with respect to all Feedstock delivered hereunder, including
records described in Section 2.4, and other relevant matters, and Fulcrum shall have the right to examine such records during normal business hours. 
 2.11 Feedstock Priority. 
 As set forth in greater detail in the Scheduling
Protocol: 
 (a) WCC Priority. During the Term, WCC shall as a matter of first priority dedicate all Feedstock collected
or received at WCC’s Site to the satisfaction of amounts of Feedstock requested from time to time by Fulcrum, up to the Maximum Deliverable Quantity, and WCC shall not use or allocate any such Feedstock collected or received at such Site for
other purposes, if such use or allocation would limit WCC’s ability to deliver Feedstock in the amounts (up to the Maximum Deliverable Quantity) requested by Fulcrum hereunder. If WCC cannot supply enough Feedstock to meet Fulcrum’s actual
requirements up to the Maximum Deliverable Quantity from WCC’s Site, then at Fulcrum’s option, WCC shall as a matter of first priority dedicate all Feedstock collected or received at WCC’s municipal recovery facility in Amador County,
California (the “Amador Facility”) to the satisfaction of amounts of Feedstock requested from time to time by Fulcrum, up to the Maximum Deliverable Quantity, and WCC shall not use or allocate any such Feedstock collected or
received at such site for other purposes, if such use or allocation would limit WCC’s ability to deliver Feedstock in the amounts (up to the Maximum Deliverable Quantity) requested by Fulcrum hereunder. 

(b) Fulcrum Priority. Subject to Section 2.11(c) and the other provisions hereof, during the Term, Fulcrum shall as a
matter of first priority accept all Feedstock supplied by WCC’s Site to satisfy 100% of Fulcrum’s requirements for Feedstock up to the Maximum Deliverable Quantity. Subject to Section 2.3, the Parties acknowledge that Fulcrum
does not guarantee any specific level of Facility requirements, but only that Fulcrum shall schedule and accept delivery of Feedstock from WCC’s Site for the Maximum Deliverable Quantity. Notwithstanding any other provision in this Agreement,
nothing in this Section 2.11 shall limit Fulcrum’s right to solicit, seek to obtain or obtain Feedstock for any shortfall in Maximum Deliverable Quantity from other sources provided, however Fulcrum first seeks to obtain such
Feedstock shortfall from any WCC or WCC Affiliate source in the general geographic waste shed of the Facility. 
 (c)
Feedstock from other WCC-Controlled Sites. The Scheduling Protocol shall set forth details under which, if WCC’s Site and/or the Amador Facility are closed or relocated or otherwise do not have sufficient quantities of Feedstock to
satisfy the Maximum Deliverable Quantity, Fulcrum shall have the option to obtain Feedstock on a first priority basis from all other Feedstock sources owned or controlled by WCC or its Affiliates in the general geographic waste shed of the Facility.

 2.12 Diversion Credits. As between WCC and Fulcrum, WCC shall be entitled to any and all diversion credits arising out
of the diversion of Feedstock from landfills into Feedstock, consistent with the California Integrated Waste Management Act (AB 939). 
 ARTICLE III 
 PAYMENT AND DOCUMENTATION PROVISIONS 

3.1 Fee. For each Ton of Feedstock accepted by Fulcrum hereunder, WCC shall pay to Fulcrum a tipping fee as calculated pursuant to
Exhibit B (the “Fee”). The Fee shall be increased on January 1st of each year during the Term by the increase (if any) in the published disposal rates described on Exhibit B. 

  
 7 

 3.2 Monthly Statements. Within twenty (20) Days following the end of each Month,
commencing with the first Month in which Fulcrum accepts deliveries of Feedstock hereunder WCC shall send Fulcrum a statement of the number of Tons of Feedstock accepted by Fulcrum in such month together with the total Fee payable therefor under
Section 3.1. Fulcrum’s acceptance of such payment shall not constitute a waiver of any claim or right that Fulcrum may then or thereafter have with respect to the accuracy of such statement or the amount of such payment. 

3.3 Taxes and Other Costs. WCC shall be responsible for and shall pay all Taxes and other similar costs, fees, charges and
expenses that may be imposed with respect to the Feedstock or the transactions hereunder arising prior to or at the Delivery Point. If Fulcrum is obligated directly to pay any of such amounts, WCC shall promptly reimburse Fulcrum therefor.

 ARTICLE IV 
 TERM 
 4.1 Term. This Agreement shall become effective on the
Effective Date, and unless earlier terminated in accordance with its terms, shall remain in effect until the twentieth (20th) anniversary of the Commercial Operation Date (the “Term”). 

4.2 Project Abandonment. If for any reason Fulcrum abandons development and construction of the Facility, Fulcrum shall provide
prompt written notice thereof to WCC, whereupon this Agreement shall immediately terminate and neither Party shall have any continuing obligations or liabilities to the other except as set forth in Section 10.17. 

4.3 Termination. If Fulcrum has not commenced construction of the Facility by the date that is twenty four (24) Months from
the Effective Date, then at any time within thirty (30) Days following such date, WCC may terminate this Agreement upon written notice to Fulcrum, and neither Party shall have any continuing obligations or liabilities to the other except as set
forth in Section 10.17. 
 4.4 Feedstock Shortfalls. If adequate supplies of Feedstock sufficient for WCC to
generate and supply on a regular basis the Maximum Deliverable Quantity of Feedstock should cease to be regularly available at WCC’s Site for a commercially unreasonable period of time, then the Parties shall meet and confer to determine if
they can reach a mutually acceptable solution and/or amendment of this Agreement. If such a solution or amendment is not mutually agreed within 90 days after initiation of any such discussions by either Party, then Fulcrum may terminate this
Agreement by written notice to WCC, whereupon this Agreement shall immediately terminate and neither Party shall have any continuing obligations or liabilities to the other except as set forth in Section 10.17. Details and mechanics of
the Parties’ rights and obligations under this Section 4.4 shall be further set forth in the Scheduling Protocol. 
 ARTICLE V 
 DEFAULT AND REMEDIES 

5.1 Event of Default. An “Event of Default” means the occurrence of any of the following with respect to a Party:

 (a) Payment Default. The failure of a Party to pay any undisputed amount when due under this Agreement if such failure
is not remedied within fifteen (15) Business Days after receipt of notice thereof from the other Party. 
 (b)
Non-Conforming Deliveries. In the case of WCC, subject to Article 7, the failure of WCC to use reasonable efforts to process Feedstock in accordance with the Specifications or the failure of WCC to comply with the provisions of
Section 2.11(a) (entitled, “WCC Priority”). 

  
 8 

 (c) Other Defaults. Except as set forth in Sections 5.1(a) and
Section 5.1(b), the failure of a Party to perform any material covenant or obligation under this Agreement, including any act or failure to act by Fulcrum or any failure by Fulcrum to perform any of its obligations under this Agreement
that WCC reasonably believes would result in a violation of any of its permits relating to its operation of the MRF, if such failure is not remedied within thirty (30) Days after notice thereof from the other Party; provided, that such
cure period may be extended by the number of Days reasonably required to cure such failure not to exceed one hundred twenty (120) Days, but only to the extent that the defaulting Party uses due diligence to pursue such cure during the original
thirty (30) Day cure period, is unable to cure such failure during such thirty (30) Days, and continues to use due diligence to cure such failure thereafter; provided further that Fulcrum’s failure to accept the Maximum
Deliverable Quantity under Section 2.3 shall not constitute an Event of Default, and WCC’s sole and exclusive remedy for such failure shall be as set forth in Section 2.3. 

(d) Bankruptcy. A Party (i) files a petition or otherwise commences, authorizes or acquiesces in the commencement of a
proceeding or cause of action under any bankruptcy, insolvency, reorganization or similar Law, or has any such petition filed or commenced against it, (ii) makes an assignment or any general arrangement for the benefit of creditors,
(iii) otherwise becomes bankrupt or insolvent (however evidenced), (iv) has a liquidator, administrator, receiver, trustee, conservator or similar official appointed with respect to it or any substantial portion of its property or assets,
or (v) is generally unable to pay its debts as they become due. 
 5.2 Remedies for an Event of Default. Without
limiting any rights or remedies of either Party for damages or specific performance for any default or breach hereunder, upon the occurrence of an Event of Default and failure to cure such Event of Default within any applicable cure period and
during any continuation thereof, the non-defaulting Party may terminate this Agreement and/or exercise any other remedies available hereunder or under applicable Law, all of which shall be cumulative. Notwithstanding anything to the contrary herein,
the non-defaulting Party may obtain equitable relief, including the equitable right of specific performance or other injunctive relief to compel the defaulting Party to perform its obligations under this Agreement. 

  
 9 

 ARTICLE VI 
 INDEMNITY 
 Each Party shall indemnify and hold harmless the other, and all
of its Indemnified Parties, from and against any and all Losses, which any or all of them may hereafter suffer, incur, be responsible for or pay as a result of: (a) bodily injuries (including death) to any Person, (b) damage (including
loss of use) to any property or (c) contamination of or adverse effects on the environment or natural resources, in any case (a), (b) or (c) to the extent caused by, or arising out of, breach by the first Party of this Agreement, or
any negligent act or omission or willful misconduct, or any violation or alleged violation Laws by such first Party or its employees, agents or subcontractors. The Scheduling Protocol shall provide further details under which notwithstanding
anything to the contrary contained in this Agreement, Fulcrum shall indemnify, defend and hold WCC harmless from and against any and all Losses arising out of or in any way related to Fulcrum’s operating of the Facility or the use of the
Feedstock in its operation of the Facility, including but not limited to damage to the environment, excluding certain environmental liabilities arising out of non-conforming Feedstock. Notwithstanding the foregoing, Fulcrum, in performing any of its
obligations relating to the hauling or arranging of Feedstock to either the Facility or to a solid waste disposal facility, as the case may be (as contemplated by Sections 2.7(a) and (b)), shall under no circumstances be deemed an
“agent” or “subcontractor” of WCC for purposes of this indemnity. Further, it is understood and agreed that any and all Losses incurred by WCC arising out of or in any way related to Fulcrum’s aforesaid hauling of Feedstock
shall be indemnifiable hereunder. 
 ARTICLE VII 
 UNCONTROLLABLE CIRCUMSTANCES 
 7.1 Excuse of Performance. Each Party
shall be excused from performance and shall not be considered to be in default (including Events of Default) with respect to any obligation hereunder, except the obligation to pay money in a timely manner, if and to the extent that its failure or
delay in performance is due to an Uncontrollable Circumstance, provided that: 
 (a) Such Party gives the other
Party notice describing the particulars of the Uncontrollable Circumstance as soon as is reasonably practicable; 
 (b) The
suspension of performance is of no greater scope and of no longer duration than are reasonably required by the Uncontrollable Circumstance; 
 (c) The Party uses commercially reasonable efforts to overcome or mitigate the effects of such Uncontrollable Circumstance; and 
 (d) When the Party is able to resume performance of its obligations under this Agreement, such Party provides the other Party notice to that effect and promptly resumes performance hereunder. 

 7.2 Failure of the Feedstock Supply. For the avoidance of any doubt, and without limiting either
Party’s rights under Section 7.1, the Parties acknowledge that in interpreting Section 7.1, WCC shall be excused from performance and shall not be considered in default (including Events of Default) with respect to its obligation to
deliver Feedstock if, due to reasons outside of the reasonable control of WCC, WCC is unable to obtain sufficient quantities of Feedstock in the ordinary course of its business at WCC’s Site (including by reason of loss of a franchise
agreement), and WCC otherwise uses all commercially reasonable efforts to comply with the terms of Section 7.1. The foregoing shall not limit Fulcrum’s rights under Section 4.4. 

  
 10 

 ARTICLE VIII 
 INSURANCE REQUIREMENTS 
 Each Party agrees to obtain and maintain the
insurances listed on the Scheduling Protocol in accordance with the provisions thereof. 
 ARTICLE IX 

REPRESENTATIONS AND WARRANTIES OF THE PARTIES 
 As of the Effective Date, each Party represents to the other Party that: (a) such Party has the full power and authority to execute, deliver and perform this Agreement and to carry out the
transactions contemplated hereby, (b) the execution and delivery of this Agreement by such Party and the carrying out by such Party of the transactions contemplated hereby have been duly authorized by all requisite corporate (or, if applicable,
partnership or limited liability company) action, and this Agreement has been duly executed and delivered by such Party and constitutes the legal, valid and binding obligation of such Party, enforceable against it in accordance with the terms
hereof, subject, as to enforceability of remedies, to limitations imposed by bankruptcy, insolvency, reorganization, moratorium or other similar Laws relating to or affecting the enforcement of creditors’ rights generally and to general
principles of equity, (c) no authorization, consent, approval or order of, notice to or registration, qualification, declaration or filing with, any governmental authority, is required for the execution and delivery by such Party of this
Agreement or the carrying out by such Party of the transactions contemplated hereby, and (d) none of the execution, delivery and performance by such Party of this Agreement, the compliance with the terms and provisions hereof, and the carrying
out of the transactions contemplated hereby, conflicts or will conflict with or result in a breach or violation of any of the terms, conditions, or provisions of any Law, governmental rule or regulation or the charter documents (or partnership or
limited liability company operating agreement, if applicable), as amended through the Effective Date or by-laws, as amended through the Effective Date, of such Party or any applicable order, writ, injunction judgment or decree of any court or
governmental authority against such Party or by which it or any of its properties is bound, or any loan agreement, indenture, mortgage, bond, note, resolution, contract or other agreement or instrument to which such Party is a party or by which it
or any of its properties is bound, or constitutes or will constitute a default thereunder or will result in the imposition of any lien upon any of its properties. WCC owns and controls WCC’s Site and the Amador Facility. 

ARTICLE X 

MISCELLANEOUS 
 10.1 Notices. Except as otherwise set forth in the Scheduling Protocol with respect to operational and scheduling matters, all notices, requests and other communications hereunder must be in
writing and shall be deemed to have been duly given only if delivered personally or by confirmed facsimile transmission or mailed, registered or certified mail, return receipt requested postage prepaid to the Parties at the following addresses or
facsimile numbers: 
  

			
	Notices to Fulcrum:	  	 Notices to WCC:

		
	Fulcrum Sierra BioFuels, LLC	  	Waste Connections of California, Inc.
	c/o Fulcrum BioEnergy, Inc.	  	35 Iron Point Circle, Suite 200
	4900 Hopyard Road, Suite 220	  	Folsom, CA 95630
	Pleasanton, CA 94588	  	Attn: Pat Shea – General Counsel
	Attn: Mike Nugent, Project Manager	  	Telephone: 916-608-8200
	Tel: 925-730-0150	  	

 With a copy to: 

  
 11 

	
	Fulcrum BioEnergy, Inc.
	4900 Hopyard Road, Suite 220
	Pleasanton, CA 94588
	Attn: Richard D. Barraza
	Tel: (925) 224-8244
	Fax: (925) 730-0157
	E-mail: rbarraza@fulcrum-bioenergy.com

 10.2 Governing Law. This Agreement, and any dispute arising from the relationship between the
Parties to this Agreement, shall be governed and determined by the laws of the State of California, without regard to principles of conflicts of laws. 
 10.3 Assignment. 
 (a) Generally. This Agreement shall inure to the
benefit of and be binding upon the Parties and their respective successors and permitted assigns. Except as set forth in Section 10.3(c), neither Party shall assign this Agreement or any of its rights or delegate any of its obligations
hereunder without the prior written consent of the other Party, which consent shall not be unreasonably withheld or delayed. 

(b) Fulcrum’s Right to Assign. Notwithstanding the foregoing, Fulcrum may, without the prior written consent of WCC, assign
and delegate this Agreement to any Lender or to any Affiliate. 
 (c) Sale of Assets. In the event that either Party
sells or otherwise transfers all or substantially all of its assets (including the assets of such Party relevant to this Agreement) to any third party, such Party shall cause such third party to assume all of such Party’s obligations under this
Agreement as a condition of such sale or transfer. 
 10.4 Change in Law. Each Party is responsible for continued
compliance with Law and is not relieved of its responsibilities unless a change in Law renders this Agreement as a whole unenforceable or illegal, in which case this Agreement shall terminate without further liability to either Party. 

10.5 Confidentiality. The Parties acknowledge that this Agreement, the information provided in connection herewith and the
transactions contemplated hereby are all subject to the terms and conditions of that certain Mutual Non-Disclosure Agreement between the Parties dated as of August 14, 2008. 

10.6 Environmental Attributes. Except as set forth in Section 2.12, Fulcrum shall be entitled to any and all credits
(including carbon related credits), benefits, emissions reductions, offsets, allowances and other similar environmental attributes, however entitled, attributable to the Facility, the creation or use of Feedstock or the transactions hereunder.

 10.7 Public Statements. Except as may be required by Law, no Party shall be permitted to make any public disclosure
(including any press release) either in writing or orally with respect to this Agreement or the transactions contemplated hereby without the consent of the other Party, which consent shall not be unreasonably withheld or delayed. 

10.8 Independent Contractors; No Partnership. Each of WCC and Fulcrum is, and shall perform this Agreement as, an independent
contractor, and as such, shall have and maintain complete control over all of its employees, agents and operations. Neither WCC nor Fulcrum, nor any agent, employee or subcontractor of such Party, shall be, represent, act, purport to act or be
deemed to 

  
 12 

 
be the agent, representative, employee or servant of the other Party. Nothing contained in this Agreement shall be construed as constituting a joint venture or partnership between WCC and
Fulcrum. 
 10.9 Cooperation With Financing. The Parties acknowledge that the Facility may be financed by Financing
provided by Lenders. If Fulcrum assigns this Agreement to the Lenders as collateral to support the Financing, WCC agrees to enter into an agreement directly with the Lenders under which WCC shall consent to such assignment and shall agree to other
customary and reasonable provisions for the benefit of the Lenders (including reasonable provisions under which the Lenders or their designees (a) may assume the rights of Fulcrum under this Agreement, (b) shall be entitled to receive
copies of certain notices hereunder relating to defaults and other similar matters that WCC might provide to Fulcrum, (c) shall have reasonable extended cure periods to cure any defaults by Fulcrum hereunder and (d) shall be provided other
similar or related benefits or protections as reasonably requested by the Lenders and accepted by WCC to support the Financing). Without limiting the generality of the foregoing, in connection with any collateral assignment by Fulcrum of this
Agreement to a Lender as set forth above, WCC further agrees to furnish the Lenders with such other documents as may be reasonably requested by the Lenders. 
 10.10 Waiver of Consequential Damages. Notwithstanding any other provision in this Agreement, neither Party shall be liable to the other Party for consequential, incidental, punitive, exemplary or
indirect damages, including lost profits, or business interruption damages, whether by statute, in tort or in contract, under this Agreement, or otherwise. 
 10.11 Severability. The invalidity of one or more phrases, sentences, clauses, sections or articles contained in this Agreement shall not affect the validity of the remaining portions of the
Agreement so long as the material purposes of this Agreement can be determined and effectuated. 
 10.12 Amendments. No
change, amendment or modification of this Agreement shall be valid or binding upon the Parties, unless such change, amendment or modification shall be in writing and duly executed by both Parties hereto. 

10.13 Joint Effort. Preparation of this Agreement has been a joint effort of the Parties and the resulting document shall not be
construed more severely against one Party than against the other. 
 10.14 Captions. The captions contained in this
Agreement are for convenience and reference only and in no way define, describe, extend or limit the scope or intent of this Agreement or the intent of any provision contained herein. 

10.15 Non-Waiver. Any failure of any Party to enforce any of the provisions of this Agreement or to require compliance with any of
its terms at any time during the pendency of this Agreement shall in no way affect the validity of this Agreement, or any part hereof, and shall not be deemed a waiver of the right of such Party thereafter to enforce any and each such provision.

 10.16 Counterparts. This Agreement may be signed in any number of counterparts and each counterpart shall represent a
fully executed original as if signed by both Parties. 
 10.17 Survival. The provisions of Article VI,
Section 10.1, Section 10.2, Section 10.5, Section 10.7, Section 10.8, and Sections 10.10 through 10.22 shall survive the expiration or other termination of this Agreement.

 10.18 Third Parties. Nothing in this Agreement shall be construed to create any duty to, standard of care with respect
to, or any liability to any Person who is not a Party to this Agreement. There are no third party beneficiaries of this Agreement. 

  
 13 

 10.19 No Recourse. The obligations of either Party under this Agreement shall be
without recourse to any of the officers, board members, directors, shareholders, managers, members, employees, agents, partners or Affiliates of such Party, or to the Affiliates of any of the foregoing. 

10.20 Complete Agreement. This Agreement constitutes the complete agreement between the Parties as of the Effective Date, and
supersedes any and all agreements made or dated prior thereto between the Parties and/or their Affiliates relating to the subject matter hereof. 
 10.21 Further Assurances. Each Party hereby covenants and agrees that, at any time and from time to time it shall, upon the reasonable request of the other, do, execute, acknowledge and deliver or
cause to be done, executed, acknowledged and delivered all such further acts, documents and assurances as may be reasonably required for the carrying out of all the terms of this Agreement. 

10.22 Costs and Expenses. Each Party shall bear all costs and expenses (including legal fees) incurred by it in connection with
the negotiation and execution of this Agreement. 

  
 14 

 IN WITNESS WHEREOF, Fulcrum and WCC have caused this Agreement to be executed by their
respective duly authorized officers on the Effective Date. 
  

											
	WCC:	    	FULCRUM:
		
	Waste Connections of California, Inc.	    	Fulcrum Sierra BioFuels, LLC
				
	By:	 	 /s/ James M. Little
	    	By:	 	 /s/ Ted Kniesche

				
		 	Name: James M. Little	    		 	Name: Ted Kniesche
				
		 	Title: President	    		 	Title: VP Business Development

 [Signature page to Resource Recovery Supply Agreement] 

 Exhibit A 
 Feedstock Specifications 
 Prior to delivery to Fulcrum, WCC shall separate and remove in
accordance with applicable Law and commercially reasonable industry practices, the following items from the Feedstock: 
 (a)
WCC may, in its discretion, remove from Feedstock any materials that are commonly available to be recycled (e.g., aluminum, certain plastics) under applicable recycling laws in effect as may from time to time be in effect; and 

(b) WCC shall use commercially reasonable efforts to remove from Feedstock: 

(i) any material WCC or Fulcrum is prohibited by Law from handling, transporting, disposing or processing; 

(ii) free-flowing liquids; 
 (iii) Hazardous Material; 
 (iv) inert material such as concrete, dirt, rocks or
ferrous and non-ferrous metals in amounts greater than three percent by volume; 
 (v) drywall or sheetrock material in amounts
greater than three percent by volume; 
 (vi) sewage sludge, whether or not dewatered, chemically treated or otherwise treated;

 (vii) electronics, appliances, white goods, computers and other e-waste; 

(viii) medical waste or bio-hazardous material; and 
 (x) other materials reasonably identified from time to time by Fulcrum and agreed to by WCC that would, if not separated or removed from the Feedstock likely cause damage to Fulcrum’s Facility.

 (c) WCC shall use commercially reasonable efforts to set aside large or bulky items from the Feedstock for separate delivery
to Fulcrum, as specified in greater detail in the Scheduling Protocol. 

  
 A-1

 Exhibit B 
 Fee Calculations 
 [***] 

  
 B-1

  

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 EXHIBIT C 
 WCC’s Damages Calculations 
 On any given day or days that Fulcrum is scheduled to
accept delivery of Feedstock but fails to for any reason other than Uncontrollable Circumstances, WCC will be required by Law to remove Feedstock and transport it to a solid waste disposal facility. In such instance, WCC may incur extraordinary
costs and expense associate with such transportation and disposal. Thus, if WCC hauls (or arranges for a subcontractor to haul) Feedstock and dispose of it for a cost per Ton of $[***] and the then current Fee at the Facility is $[***]
per Ton, Fulcrum shall reimburse WCC in the amount of $[***] per Ton for each Ton of Feedstock so transported and disposed of provided the aggregate amount of such payments shall not exceed the sum of $[***] in any calendar year.

  
 C-1

  

	[***]	Indicates portions of this exhibit that have been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential
treatment. 

 

 
 May 5, 2010
 Waste Connections, Inc. 
 2295 Iron Point Road 

Folsom, CA 95630-8767 
 Attention: James M.
Little
 Dear James:

This letter confirms our agreement to amend Section 4.3 of the Resource Recovery Supply Agreement (the
“Agreement”), dated as of November 14, 2008, by and between Fulcrum Sierra BioFuels, LLC and Waste Connections of California, Inc. Upon execution of this letter agreement by both parties, Section 4.3 of the
Agreement is hereby amended by replacing the phrase “by the date that is twenty four (24) Months from the Effective Date” with “by the date that is thirty six (36) Months from the Effective Date.”

Please acknowledge your agreement to the foregoing by signing this letter in the space provided below and returning a copy to me.

  

					
	Sincerely,
	
	FULCRUM SIERRA BIOFUELS, LLC
		
	By:	 	 /s/ Ted M. Kniesche

		 	Name:	 	Ted M. Kniesche
		 	Title:	 	Vice President

 As acknowledged and agreed on 
 May 5, 2010
  

					
	Waste Connections, Inc.
		
	By:	 	 /s/ James M. Little

		 	Name:	 	James M. Little
		 	Title:	 	Vice President

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