Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 Great Lakes
Dredge & Dock Corporation 
 $25,000,000 

7.375% Senior Notes due 2019 

PURCHASE AGREEMENT 

November 19, 2014 
 DEUTSCHE BANK SECURITIES
INC. 
 60 Wall Street 
 New York, New York 10005 

Ladies and Gentlemen: 
 Great Lakes
Dredge & Dock Corporation, a Delaware corporation (the “Company”) and the Company’s subsidiaries indicated on Schedule 1 hereto (the “Guarantors”) hereby confirm their agreement with Deutsche
Bank Securities Inc. (the “Initial Purchaser”) as set forth below. 
 Section 1. The Securities. Subject to the
terms and conditions herein contained, the Company proposes to issue and sell to the Initial Purchaser $25,000,000 aggregate principal amount of its 7.375% Senior Notes due 2019 (the “Notes”). The Notes are to be issued under that
certain Indenture dated as of January 28, 2011, as supplemented by that certain First Supplemental Indenture dated as of May 6, 2011 and that certain Second Supplemental Indenture dated as of January 15, 2013 (as supplemented, the
“Indenture”), by and among the Company, the Guarantors and Wells Fargo Bank, National Association, as Trustee (the “Trustee”). 

The Company has previously issued $250,000,000 in aggregate principal amount of its 7.375% Senior Notes due 2019 under the Indenture (the
“Existing Notes”). The Notes constitute an issuance of “Additional Notes” under the Indenture. Except as otherwise described in the Pricing Disclosure Package (as defined below), the Notes will have identical terms to the
Existing Notes and will be treated as a single class of notes for all purposes under the Indenture. 
 The payment of principal, premium, if
any, and interest on the Notes will be fully and unconditionally guaranteed (the “Guarantees” and, together with the Notes, the “Securities”) on a senior unsecured basis, jointly and severally, by the Guarantors.

 The Securities will be offered and sold to the Initial Purchaser without being registered under the Securities Act of 1933, as amended
(the “Act”), in reliance on exemptions therefrom. 
 In connection with the sale of the Securities, the Company and the
Guarantors have prepared a preliminary offering memorandum dated November 19, 2014 (the “Preliminary Memorandum”) setting forth or including a description of the terms of the Securities and the terms of the offering of the
Securities, a description of the Company and any material developments 

 
relating to the Company occurring after the date of the most recent historical financial statements included therein. As used herein, “Pricing Disclosure Package” shall mean the
Preliminary Memorandum, as supplemented or amended by the written communications listed on Annex A hereto in the most recent form that has been prepared and delivered by the Company and the Guarantors to the Initial Purchaser in connection
with their solicitation of offers to purchase Securities at or prior to the time when sales of the Securities were first made (the “Time of Execution”). Promptly after the Time of Execution and in any event no later than the second
business day following the Time of Execution, the Company and the Guarantors will prepare and deliver to the Initial Purchaser a final offering memorandum dated the date hereof (the “Final Memorandum”), which will consist of the
Preliminary Memorandum with such changes therein as are required to reflect the information contained in the amendments or supplements listed on Annex A hereto. The Company and the Guarantors hereby confirm that they have authorized the use
of the Pricing Disclosure Package, the Final Memorandum and the Recorded Road Show (defined below) in connection with the offer and sale of the Securities by the Initial Purchaser. 

The Initial Purchaser and their direct and indirect transferees of the Securities will be entitled to the benefits of the Registration Rights
Agreement, to be dated as of November 24, 2014, pursuant to which the Company and the Guarantors have agreed, among other things, to file a registration statement (the “Registration Statement”) with the Securities and Exchange
Commission (the “Commission”) registering the Securities or the Exchange Securities (as defined in the Registration Rights Agreement) under the Act. 

Section 2. Representations and Warranties. As of the Time of Execution and at the Closing Date (as defined in
Section 3 below), the Company and the Guarantors jointly and severally represent and warrant to and agree with the Initial Purchaser as follows (references in this Section 2 to the “Offering Memorandum” are
to (i) the Pricing Disclosure Package in the case of representations and warranties made as of the Time of Execution and (ii) both the Pricing Disclosure Package and the Final Memorandum in the case of representations and warranties made
at the Closing Date): 
 (a) The Preliminary Memorandum, on the date thereof, did not contain any untrue statement of a material fact or
omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. At the Time of Execution, the Pricing Disclosure Package does not, and on the Closing Date will
not, and the Final Memorandum as of its date and on the Closing Date will not contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which
they were made, not misleading; provided, however, that none of the Company or Guarantors makes any representation or warranty as to the information contained in or omitted from the Pricing Disclosure Package and Final Memorandum, in
reliance upon and in conformity with information furnished in writing to the Company by or on behalf of the Initial Purchaser specifically for inclusion therein. Neither the Company nor any of the Guarantors has distributed or referred to nor will
the Company or the Guarantors distribute or refer to any written communications (as defined in Rule 405 of the Act) that constitute an offer to sell or solicitation of an offer to buy the Securities (each such communication by the Company, the
Guarantors or their agents and representatives (other than a communication referred to in clauses (i), (ii) and (iv) below) an “Issuer Written Communication”) other than (i) the Pricing Disclosure Package,
(ii) the Final Memorandum, (iii) the recorded 

  
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electronic road show made available to investors (the “Recorded Road Show”), and (iv) any other written communication approved in writing in advance by the Initial
Purchaser. Any information in an Issuer Written Communication that is not otherwise included in the Pricing Disclosure Package and the Final Memorandum does not conflict with the Pricing Disclosure Package or the Final Memorandum and, each Issuer
Written Communication, when taken together with the Pricing Disclosure Package does not at the Time of Execution and when taken together with the Final Memorandum at the Closing Date will not, contain any untrue statement of a material fact or omit
to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that none of the Company of the Guarantors makes any
representation of warranty as to the information contained in or omitted from the Issuer Written Communication, in reliance upon and in conformity with information furnished in writing to the Company by or on behalf of the Initial Purchaser
specifically for inclusion therein. 
 (b) The Company had the capitalization set forth in the Offering Memorandum under the heading
“Capitalization” in the “Historical” column as of the date indicated therein; all of the subsidiaries that are owned by the Company, directly or indirectly, are listed in Schedule 1(a) attached hereto (each, a
“Subsidiary” and collectively, the “Subsidiaries”); all of the outstanding shares of capital stock of the Company and the Subsidiaries have been, and as of the Closing Date will be, duly authorized and validly
issued, are fully paid and nonassessable and were not issued in violation of any preemptive or similar rights; all of the outstanding shares of capital stock of the Company and of each of the Subsidiaries will be free and clear of all liens,
encumbrances, equities and claims (except for such liens, encumbrances, equities and claims as set forth in the Offering Memorandum) or restrictions on transferability (other than those imposed by the Act and the securities or “Blue Sky”
laws of certain jurisdictions) or voting. Except as set forth in the Offering Memorandum, there are no (i) options, warrants or other rights to purchase, (ii) agreements or other obligations to issue or (iii) other rights to convert
any obligation into, or exchange any securities for, shares of capital stock of or ownership interests in the Company or any of the Subsidiaries outstanding. Except for the Subsidiaries, and except for the entities set forth on Schedule 1(b),
or as disclosed in the Offering Memorandum, the Company does not own, directly or indirectly, any shares of capital stock or any other equity or long-term debt securities or have any equity interest in any firm, partnership, joint venture or other
entity. 
 (c) Each of the Company and the Subsidiaries is duly incorporated, validly existing and in good standing under the laws of its
respective jurisdiction of incorporation and has all requisite corporate power and authority to own or lease its properties and conduct its business as now conducted and as described in the Offering Memorandum; each of the Company and the
Subsidiaries is duly qualified to do business as a foreign corporation in good standing in all other jurisdictions where the ownership or leasing of its properties or the conduct of its business requires such qualification, except where the failure
to be so qualified would not, individually or in the aggregate, be reasonably expected to have a material adverse effect on the management, business, condition (financial or otherwise), business prospects or results of operations of the Company and
the Subsidiaries, taken as a whole (any such event, a “Material Adverse Effect”). 
 (d) The Company has all requisite
corporate power and authority to execute, deliver and perform each of its obligations under the Notes and the Exchange Notes (as defined 

  
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in the Registration Rights Agreement). The Notes, when issued, will be in the form contemplated by the Indenture. The Notes and the Exchange Notes have each been duly and validly authorized by
the Company and, when executed by the Company and authenticated by the Trustee in accordance with the provisions of the Indenture and, in the case of the Notes, when delivered to and paid for by the Initial Purchaser in accordance with the terms of
this Agreement, will constitute valid and legally binding obligations of the Company, entitled to the benefits of the Indenture, and enforceable against the Company in accordance with their terms, except that the enforcement thereof may be subject
to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or other similar laws now or hereafter in effect relating to creditors’ rights generally, and (ii) general principles of equity and the
discretion of the court before which any proceeding therefor may be brought (collectively, the “Enforceability Exceptions”). 

(e) Each Guarantor has all requisite corporate, partnership, limited liability company or other organizational power and authority to execute,
deliver and perform each of its obligations under the Guarantees. The Guarantees will be in the form contemplated by the Indenture. The Guarantees have been duly and validly authorized by each Guarantor and, when the Notes are duly executed and
authenticated by the Trustee, issued and delivered in accordance with the provisions of the Indenture and paid for as provided herein, will constitute valid and legally binding obligations of each Guarantor, entitled to the benefits of the Indenture
and enforceable against each Guarantor in accordance with their terms, except that the enforcement thereof may be subject to the Enforceability Exceptions. 

(f) The Company and each Guarantor has all requisite corporate, partnership, limited liability company or other organizational power and
authority to execute, deliver and perform its obligations under the Indenture. As of the Closing Date, the Indenture meets the requirements for qualification under the Trust Indenture Act of 1939, as amended (the “TIA”). The
Indenture has been duly authorized, executed and delivered by the Company and the Guarantors and constitutes a valid and binding agreement of the Company and the Guarantors (assuming the due authorization, execution and delivery by the Trustee),
enforceable against the Company and the Guarantors in accordance with its terms, except as the enforcement thereof may be limited by the Enforceability Exceptions. 

(g) The Company and each Guarantor has all requisite corporate, partnership, limited liability company or other organizational power and
authority to execute, deliver and perform its obligations under the Registration Rights Agreement. The Registration Rights Agreement has been duly and validly authorized by the Company and each Guarantor and, when executed and delivered by the
Company and each Guarantor (assuming the due authorization, execution and delivery by the Initial Purchaser), will constitute a valid and legally binding agreement of the Company and each Guarantor enforceable against the Company and each Guarantor
in accordance with its terms, except that (A) the enforcement thereof may be subject to the Enforceability Exceptions and (B) any rights to indemnity or contribution thereunder may be limited by federal and state securities laws and public
policy considerations. 
 (h) The Company and each Guarantor has all requisite corporate, partnership, limited liability company or other
organizational power and authority to execute, deliver and perform its obligations under this Agreement and to consummate the transactions contemplated hereby. This Agreement and the consummation by the Company and the Guarantors of the

  
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transactions contemplated hereby have been duly and validly authorized by the Company and each Guarantor. This Agreement has been duly executed and delivered by the Company and each Guarantor.

 (i) No consent, approval, authorization or order of any court or governmental agency or body, or third party is required for the issuance
and sale by the Company and the Guarantors of the Securities to the Initial Purchaser or the consummation by the Company and the Guarantors of the other transactions contemplated hereby, except such as have been obtained and such as may be required
under state securities or “Blue Sky” laws in connection with the purchase and resale of the Securities by the Initial Purchaser. None of the Company or the Subsidiaries is (i) in violation of its certificate of incorporation or bylaws
(or similar organizational document), (ii) in breach or violation of any statute, judgment, decree, order, rule or regulation applicable to any of them or any of their respective properties or assets, except for any such breach or violation
that would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect, or (iii) in breach of or default under (nor has any event occurred that, with notice or passage of time or both, would constitute a
default under) or in violation of any of the terms or provisions of any indenture, mortgage, deed of trust, loan agreement, note, lease, license agreement, contract or other agreement or instrument to which any of them is a party or to which any of
them or their respective properties or assets is subject (collectively, “Contracts”), except for any such breach, default, violation or event that would not, individually or in the aggregate, be reasonably expected to have a
Material Adverse Effect. 
 (j) The execution, delivery and performance by the Company and each Guarantor of this Agreement, the Indenture
and the Registration Rights Agreement did not, and the consummation by the Company and the Guarantors of the transactions contemplated hereby and thereby (including, without limitation, the issuance and sale of the Securities to the Initial
Purchaser) will not conflict with or constitute or result in a breach of or a default under (or an event that with notice or passage of time or both would constitute a default under) or violation of any of (i) the terms or provisions of any
Contract, except for any such conflict, breach, violation, default or event that would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect, (ii) the certificate of incorporation or bylaws (or similar
organizational document) of the Company or any of the Subsidiaries or (iii) (assuming compliance with all applicable state securities or “Blue Sky” laws and assuming the accuracy of the representations and warranties of the Initial
Purchaser in Section 8 hereof) any statute, judgment, decree, order, rule or regulation applicable to the Company or any of the Subsidiaries or any of their respective properties or assets, except for any such conflict, breach or violation that
would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. 
 (k) (i) The audited
consolidated financial statements (including the notes thereto) of the Company and the Subsidiaries included in the Offering Memorandum present fairly in all material respects the financial position, results of operations, cash flows and changes in
stockholders’ equity of the Company and the Subsidiaries at the dates and for the periods to which they relate and; since the date of the latest of such financial statements, there has been no change nor any development or event which,
individually or in the aggregate, has had or would be reasonably expected to have a Material Adverse Effect; such financial statements have been prepared in accordance with generally accepted accounting principles in the U.S. applied on a consistent
basis, except as otherwise stated therein. The summary and selected financial and statistical 

  
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data in the Offering Memorandum present fairly in all material respects the information shown therein and have been prepared and compiled on a basis consistent with that of the audited
consolidated financial statements included therein, except as otherwise stated therein. Deloitte & Touche, LLP (the “Independent Accountants”) is an independent registered public accounting firm within the meaning of the
Act and the rules and regulations promulgated thereunder. The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Offering Memorandum and the Pricing Disclosure Package, if any, fairly present the
information called for in all material respects and have been prepared in accordance with the Commission’s rules and guidelines applicable thereto. 

(l) There is not pending or, to the knowledge of the Company or any Guarantor, threatened any action, suit, proceeding, inquiry or
investigation to which the Company or any of the Subsidiaries is a party, or to which the property or assets of the Company or any of the Subsidiaries are subject, before or brought by any court, arbitrator or governmental agency or body that, if
determined adversely to the Company or any of the Subsidiaries, would, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect or that seeks to restrain, enjoin, prevent the consummation of or otherwise challenge
the issuance or sale of the Securities to be sold hereunder or the consummation of the other transactions described in the Offering Memorandum. 

(m) Each of the Company and the Subsidiaries possesses all licenses, permits, certificates, consents, orders, approvals and other
authorizations from, and has made all declarations and filings with, all of the appropriate federal, state, local and other governmental authorities, all of the appropriate self-regulatory organizations and all courts and other tribunals, presently
required or necessary to own or lease, as the case may be, and to operate its respective properties and to carry on its respective businesses as currently conducted as set forth in the Offering Memorandum (“Permits”), except where
the failure to obtain such Permits would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect; each of the Company and the Subsidiaries has fulfilled and performed all of its obligations with respect to
such Permits and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other material impairment of the rights of the holder of any such Permit; and none of the Company
or the Subsidiaries has received any notice of any proceeding relating to the revocation or modification of any such Permit, except as described in the Offering Memorandum and except where such revocation or modification would not, individually or
in the aggregate, be reasonably expected to have a Material Adverse Effect. 
 (n) Since the date of the most recent financial statements
appearing in the Offering Memorandum, except as described therein, (i) none of the Company or the Subsidiaries has incurred any liabilities or obligations, direct or contingent, or entered into or agreed to enter into any transactions or
contracts (written or oral) not in the ordinary course of business, which liabilities, obligations, transactions or contracts would, individually or in the aggregate, be material to the management, business, condition (financial or otherwise),
business prospects or results of operations of the Company and the Subsidiaries, taken as a whole, except for (x) the Company’s entry into a new senior secured term loan facility, dated as of November 4, 2014, (y) the
Company’s borrowings under its existing revolving credit facility, and (z) the Company’s issuance of a promissory note, dated November 4, 2014, and earn-out obligation under Section 1.05 of the Share Purchase Agreement,
dated as of November 4, 2014, each incurred in connection 

  
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with the Company’s acquisition of Magnus Pacific Corporation, (ii) none of the Company or the Subsidiaries has purchased any of its outstanding capital stock, nor declared, paid or
otherwise made any dividend or distribution of any kind on its capital stock (other than with respect to any of such Subsidiaries, the purchase of, or dividend or distribution on, capital stock owned by the Company) and (iii) there shall not
have been any material change in the capital stock or long-term indebtedness of the Company or the Subsidiaries. 
 (o) The Company and each
of the Subsidiaries has timely filed all necessary federal, state, local and foreign tax returns (or has duly requested and received extensions thereof) and timely paid all of its taxes (including in its capacity as a withholding agent), shown as
due on such tax returns, except where the failure to so file such returns or pay such taxes would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect, and other than matters that the Company or any
Subsidiary is contesting in good faith and for which the Company or such Subsidiary has provided adequate reserves, there is no tax audit, deficiency, assessment or other claim or proceeding with respect to the Company or any of the Subsidiaries
that would be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect. 
 (p) The statistical and
market-related data included in the Offering Memorandum are based on or derived from sources that the Company and the Subsidiaries believe to be reliable and accurate. 

(q) None of the Company, the Subsidiaries or any agent acting on their behalf has taken or will take any action that might cause this
Agreement or the sale of the Securities to violate Regulation T, U or X of the Board of Governors of the Federal Reserve System, in each case as in effect, or as the same may hereafter be in effect, on the Closing Date. 

(r) Each of the Company and the Subsidiaries has good and marketable title to all real property and good title to all personal property
described in the Offering Memorandum as being owned by it and good and marketable title to a leasehold estate in the real and personal property described in the Offering Memorandum as being leased by it free and clear of all liens, charges,
encumbrances or restrictions, except as described in the Offering Memorandum or to the extent the failure to have such title or the existence of such liens, charges, encumbrances or restrictions would not, individually or in the aggregate, be
reasonably expected to have a Material Adverse Effect. All leases, contracts and agreements to which the Company or any of the Subsidiaries is a party or by which any of them is bound are valid and enforceable against the Company or such Subsidiary,
and are valid and enforceable against the other party or parties thereto and are in full force and effect with only such exceptions as would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect. 

(s) The Company and the Subsidiaries own or possess adequate licenses or other rights to use all patents, trademarks, service marks, trade
names, copyrights and know-how necessary to conduct the businesses currently operated by them as described in the Offering Memorandum, and none of the Company or the Subsidiaries has received any notice of infringement of or conflict with (or knows
of any such infringement of or conflict with) asserted rights of others with respect to any patents, trademarks, service marks, trade names, copyrights or know-how that, if such assertion of infringement or conflict were sustained, would be
reasonably expected to have a Material Adverse Effect. 

  
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 (t) There are no legal or governmental proceedings involving or affecting the Company or any
Subsidiary or any of their respective properties or assets that would be required to be described in a prospectus pursuant to the Act that are not described in the Offering Memorandum, nor are there any material contracts or other documents that
would be required to be described in a prospectus pursuant to the Act that are not described in the Offering Memorandum. 
 (u) Except as
would not, individually or in the aggregate, be reasonably expected to have a Material Adverse Effect (A) each of the Company and the Subsidiaries is in compliance with and has not received any notice of any liability under applicable
Environmental Laws (as defined below), (B) each of the Company and the Subsidiaries has made all filings and provided all notices required under any applicable Environmental Law, and has and is in compliance with all Permits required under any
applicable Environmental Laws and each of them is in full force and effect, (C) there is no civil, criminal or administrative action, suit, demand, claim, hearing, notice of violation, investigation, proceeding, notice or demand letter or
request for information pending or, to the knowledge of the Company or any of the Subsidiaries, threatened against the Company or any of the Subsidiaries under any Environmental Law, (D) no lien, charge, encumbrance or restriction has been
recorded under any Environmental Law with respect to any assets, facility or property owned, operated, leased or controlled by the Company or any of the Subsidiaries, (E) none of the Company or the Subsidiaries has received notice that it has
been identified as a potentially responsible party under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (“CERCLA”), or any comparable state law and (F) no property or facility of
the Company or any of the Subsidiaries is (i) listed or, to the knowledge of the Company or any of its Subsidiaries, or proposed for listing on the National Priorities List under CERCLA or is (ii) listed in the Comprehensive Environmental
Response, Compensation, Liability Information System List promulgated pursuant to CERCLA, or on any comparable list maintained by any state or local governmental authority. 

For purposes of this Agreement, “Environmental Laws” means the common law and all applicable federal, state
and local laws or regulations, codes, orders, decrees, judgments or injunctions issued, promulgated, approved or entered thereunder, in each case, relating to pollution or protection of public or employee health and safety or the environment,
including, without limitation, laws relating to (i) emissions, discharges, releases or threatened releases of hazardous materials into the environment (including, without limitation, ambient air, surface water, ground water, land surface or
subsurface strata), (ii) the manufacture, processing, distribution, use, generation, treatment, storage, disposal, transport or handling of hazardous materials, and (iii) underground and above ground storage tanks and related piping, and
emissions, discharges, releases or threatened releases therefrom. 
 (v) There is no strike, labor dispute, slowdown or work stoppage with
the employees of the Company or any of the Subsidiaries that is pending or, to the knowledge of the Company or any of the Subsidiaries, threatened. 

  
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 (w) Each of the Company and the Subsidiaries carries insurance in such amounts and covering such
risks as is adequate for the conduct of its business and the value of its properties. 
 (x) None of the Company or the Subsidiaries has any
material liability for any prohibited transaction or funding deficiency or any complete or partial withdrawal liability with respect to any pension, profit sharing or other plan that is subject to the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”), to which the Company or any of the Subsidiaries makes or ever has made a contribution and in which any employee of the Company or of any Subsidiary is or has ever been a participant. With respect to such plans,
the Company and each Subsidiary is in compliance in all material respects with all applicable provisions of ERISA. 
 (y) Each of the
Company and the Subsidiaries (i) makes and keeps accurate books and records and (ii) maintains internal accounting controls that provide reasonable assurance that (A) transactions are executed in accordance with management’s
authorization, (B) transactions are recorded as necessary to permit preparation of its financial statements and to maintain accountability for its assets, (C) access to its assets is permitted only in accordance with management’s
authorization, (D) the reported accountability for its assets is compared with existing assets at reasonable intervals, and (E) the interactive data in eXtensible Business Reporting Language included in the Company’s periodic reports
and other filings in accordance with the rules of the Commission fairly presents the information called for in all material respects and has been prepared in accordance with the Commission’s rules and guidelines applicable thereto. The Company
and the Subsidiaries maintain systems of “internal control over financial reporting” (as defined in Rule 13a-15(f) of the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under the
supervision of, management to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. 

(z) The Company and the Subsidiaries maintain an effective system of “disclosure controls and procedures” (as defined in
Rule 13a-15(e) of the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is accumulated and communicated to management of the Company and
its Subsidiaries, including their respective principal executive officers and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. The Company and the Subsidiaries have carried out evaluations, with
the participation of management, of the effectiveness of their disclosure controls and procedures as required by Rule 13a-15 of the Exchange Act. 

(aa) None of the Company or the Subsidiaries will be, after giving effect to the offer and sale of the Securities and the application of the
proceeds thereof as described in the Offering Memorandum, an “investment company” or “promoter” or “principal underwriter” for an “investment company,” as such terms are defined in the Investment Company Act
of 1940, as amended, and the rules and regulations thereunder. 
 (bb) The Securities, the Indenture and the Registration Rights Agreement
will conform in all material respects to the descriptions thereof in the Offering Memorandum. 

  
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 (cc) No holder of securities of the Company or any Subsidiary will be entitled to have such
securities registered under the registration statements required to be filed by the Company pursuant to the Registration Rights Agreement other than as expressly permitted thereby. 

(dd) Immediately after the consummation of the transactions contemplated by this Agreement, the fair value and present fair saleable value of
the assets of each of the Company and the Subsidiaries (each on a consolidated basis) will exceed the sum of its stated liabilities and identified contingent liabilities; none of the Company or the Subsidiaries (each on a consolidated basis) is, nor
will any of the Company or the Subsidiaries (each on a consolidated basis) be, after giving effect to the execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated hereby, (a) left with
unreasonably small capital with which to carry on its business as it is proposed to be conducted, (b) unable to pay its debts (contingent or otherwise) as they mature or (c) otherwise insolvent. 

(ee) None of the Company, the Subsidiaries or any of their respective Affiliates (as defined in Rule 501(b) of Regulation D under the
Act) has directly, or through any agent, (i) sold, offered for sale, solicited offers to buy or otherwise negotiated in respect of, any “security” (as defined in the Act) that is or could be integrated with the sale of the Securities
in a manner that would require the registration under the Act of the Securities or (ii) engaged in any form of general solicitation or general advertising (as those terms are used in Regulation D under the Act) in connection with the offering
of the Securities or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Act. Assuming the accuracy of the representations and warranties of the Initial Purchaser in Section 8 hereof, it is not necessary
in connection with the offer, sale and delivery of the Securities to the Initial Purchaser or in connection with the initial resale thereof, in each case, in the manner contemplated by this Agreement to register any of the Securities under the Act.

 (ff) No securities of the Company or any Subsidiary are of the same class (within the meaning of Rule 144A under the Act) as the
Securities and listed on a national securities exchange registered under Section 6 of the Exchange Act, or quoted in a U.S. automated inter-dealer quotation system. 

(gg) None of the Company or the Subsidiaries has taken, nor will any of them take, directly or indirectly, any action designed to, or that
might be reasonably expected to, cause or result in stabilization or manipulation of the price of the Notes. 
 (hh) None of the Company,
the Subsidiaries, any of their respective Affiliates or any person acting on its or their behalf (other than the Initial Purchaser) has engaged in any directed selling efforts (as that term is defined in Regulation S under the Act
(“Regulation S”)) with respect to the Securities; the Company, the Subsidiaries and their respective Affiliates and any person acting on its or their behalf (other than the Initial Purchaser) have complied with the offering
restrictions requirement of Regulation S. 
 (ii) Neither the Company nor any of the Subsidiaries, nor to the knowledge of the Company,
any director, officer, agent, employee, Affiliate or representative acting on behalf of the Company or any of the Subsidiaries: (i) has used any funds for any unlawful contribution, 

  
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gift, property, entertainment or other unlawful expense relating to political activity; (ii) has made or taken any action in furtherance of any direct or indirect unlawful payment, promise
to pay, or authorization or approval of the unlawful payment or giving of money, property, gifts or anything else of value, directly or indirectly, to any foreign or domestic government official or employee (including any officer or employee of a
government or government-owned or controlled entity or of a public international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political
office) to improperly influence official action or secure an improper advantage for the Company or its subsidiaries; (iii) has made, offered, or taken an act in furtherance of any bribe, unlawful rebate, payoff, influence payment, property,
gift, kickback or other unlawful payment; or (iv) is aware of or has taken any action, directly or indirectly, that would result in a violation of any provision of the Bribery Act 2010 of the United Kingdom, or the OECD Convention on Bribery of
Foreign Public Officials in International Business Transactions (“OECD Convention”), the Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (collectively, the “FCPA”),
including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift,
promise to give, or authorization of the giving of anything of value to any “foreign official” (as such term is defined in the FCPA), including any officer or employee of a government or government-owned or controlled entity or of a public
international organization, or any person acting in an official capacity for or on behalf of any of the foregoing, in contravention of the FCPA or any applicable anti-bribery and anticorruption laws or regulations to which the Company, any of its
Subsidiaries, any director, officer, agent, employee, Affiliate or other person associated with or acting on behalf of the Company or any of its Subsidiaries is subject. The Company, the Subsidiaries and their Affiliates have each conducted their
businesses in compliance with the FCPA and any applicable anti-bribery and anti-corruption laws or regulations and have instituted and maintain policies and procedures designed to promote and achieve compliance therewith. 

(jj) The operations of the Company and the Subsidiaries are and have been conducted at all times in compliance with applicable financial
record-keeping and reporting requirements, including without limitation those of Title 18 U.S. Code section 1956 and 1957, the Bank Secrecy Act, as amended by Title III of the Uniting and Strengthening America by Providing Appropriate Tools Required
to Intercept and Obstruct Terrorism Act of 2001 (the “USA PATRIOT Act”), the Currency and Foreign Transactions Reporting Act of 1970, as amended, the applicable money laundering statutes of all jurisdictions, the rules and
regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency having jurisdiction over the Company or any of the Subsidiaries, all as amended, and any Executive order,
directive, or regulation pursuant to the authority of any of the foregoing, or any orders or licenses issued thereunder (collectively, the “Anti-Money Laundering Laws”), and no action, suit or proceeding by or before any court or
governmental agency, authority or body or any arbitrator involving the Company or any of the Subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened. 

(kk) Neither the Company nor any of the Subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee, Affiliate,
or representative acting on behalf of the Company or any of the Subsidiaries, is currently subject to or the target of any sanctions administered by the U.S. Government, including, without limitation, the Office of Foreign Assets

  
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Control of the U.S. Treasury Department (“OFAC”), the U.S. Department of Commerce, the U.S. Department of State, the United Nations Security Council, the European Union, Her
Majesty’s Treasury or any similar sanctions imposed by any other body, governmental or other, to which the Company or any of its Subsidiaries is subject (collectively, “Sanctions”), nor located, organized or resident in a
country or territory that is the subject of Sanctions (including, without limitation, Cuba, Iran, North Korea, Sudan and Syria) (each, a “Sanctioned Country”); neither the Company nor the Subsidiaries have knowingly engaged in
during the past five years, are not now knowingly engaged in any dealings or transactions with any person that at the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country; and the Company
will not directly or indirectly use the proceeds of the offering of the Securities hereunder, or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other person or entity (i) to fund or
facilitate any activities of or business with any person, or in any country or territory, that, at the time of such funding or facilitating, is the subject of Sanctions or (ii) in any other manner that will result in a violation by any person
(including any person participating in the transaction, whether as an initial purchaser, advisor, investor or otherwise) of Sanctions. 

Any certificate signed by any officer of the Company or any Subsidiary and delivered to any Initial Purchaser or to counsel for the Initial
Purchaser shall be deemed a joint and several representation and warranty by the Company and each of the Guarantors to the Initial Purchaser as to the matters covered thereby. 

Section 3. Purchase, Sale and Delivery of the Notes. On the basis of the representations, warranties, agreements and covenants
herein contained and subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the Initial Purchaser, and the Initial Purchaser agrees to purchase the Securities from the Company, at a purchase price of 97.50% of
their principal amount, plus pre-issuance accrued and unpaid interest from August 1, 2014 to the Closing Date. One or more certificates in global form in the name of the nominee for The Depository Trust Company for the Securities that the
Initial Purchaser has agreed to purchase hereunder, for the account of the Initial Purchaser and in such denomination or denominations as the Initial Purchaser requests upon notice to the Company at least 36 hours prior to the Closing Date, shall be
delivered by or on behalf of the Company and the Guarantors to the Trustee, against payment by or on behalf of the Initial Purchaser of the purchase price therefor by wire transfer (same day funds), to such account or accounts as the Company shall
specify prior to the Closing Date, or by such means as the parties hereto shall agree prior to the Closing Date. The global certificates for the Notes shall be made available for inspection by the Initial Purchaser no later than the business day
preceding the Closing Date. Such delivery of and payment for the Securities shall be made at the offices of Cahill Gordon & Reindel LLP, 80 Pine Street, New York, New York at 10:00 A.M., New York time, on November 24, 2014, or at such
other place, time or date as the Initial Purchaser, on the one hand, and the Company, on the other hand, may agree upon, such time and date of delivery against payment being herein referred to as the “Closing Date.” 

Section 4. Offering by the Initial Purchaser. 

(a) The Initial Purchaser proposes to make an offering of the Securities at the price and upon the terms set forth in the Pricing Disclosure
Package and the Final Memorandum as soon as practicable after this Agreement is entered into and as in the judgment of the Initial Purchaser is advisable. 

  
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 (b) The Initial Purchaser hereby represents and agrees that it has not used and will not use,
authorize the use of, refer to, or participate in the planning of the use of, any written communication (as such term is defined Rule 405) that constitutes an offer to sell or the solicitation of an offer to buy the Securities other than
(i) the Pricing Disclosure Package and the Final Memorandum, (ii) any written communication listed on Annex A hereto or prepared pursuant to Section 5(c) below (including any electronic road show), (iii) any written
communication prepared by the Initial Purchaser and approved in advance by the Company or (iv) any written communication that (A) contains only (x) information describing the preliminary terms of the Securities or their offering or
(y) information that describes the final terms of the Securities or their offering and that is included in or is subsequently included in the Final Memorandum, including by means of a pricing supplement in the form of Annex A hereto, or
(B) does not contain any material information about the Company or any Guarantor or their securities that was provided by or on behalf of the Company or any Guarantor that was not included in the Pricing Disclosure Package or the Final
Memorandum. 
 Section 5. Covenants of the Company and the Guarantors. The Company and the Guarantors, jointly and severally,
covenant and agree with the Initial Purchaser as follows: 
 (a) Until the later of (i) the completion of the distribution of the
Securities by the Initial Purchaser and (ii) the Closing Date, the Company will not amend or supplement the Pricing Disclosure Package and the Final Memorandum or otherwise distribute or refer to any written communication (as defined under Rule
405 of the Act) that constitutes an offer to sell or a solicitation of an offer to buy the Securities (other than the Pricing Disclosure Package, the Recorded Road Show and the Final Memorandum) or file any report with the Commission under the
Exchange Act unless the Initial Purchaser shall previously have been advised and furnished a copy for a reasonable period of time prior to the proposed amendment, supplement or report and as to which the Initial Purchaser shall have given its
consent (such consent not to be unreasonably withheld, conditioned or delayed). The Company will promptly, upon the reasonable request of the Initial Purchaser or counsel for the Initial Purchaser, make any amendments or supplements to the Pricing
Disclosure Package and the Final Memorandum that may be necessary or advisable in connection with the resale of the Securities by the Initial Purchaser. 

(b) The Company and the Guarantors will cooperate with the Initial Purchaser in arranging for the qualification of the Securities for offering
and sale under the securities or “Blue Sky” laws of such jurisdictions as the Initial Purchaser may designate and will continue such qualifications in effect for as long as may be necessary to complete the resale of the Securities and the
Guarantees; provided, however, that in connection therewith, none of the Company and the Guarantors shall be required to qualify as a foreign corporation or to execute a general consent to service of process in any jurisdiction or subject itself to
taxation in excess of a nominal dollar amount in any such jurisdiction where it is not then so subject. 
 (c) (1) If, at any time
prior to the completion of the sale by the Initial Purchaser of the Securities, any event occurs or information becomes known as a result of which the Pricing Disclosure Package and the Final Memorandum as then amended or supplemented would

  
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include any untrue statement of a material fact, or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not
misleading, or if for any other reason it is necessary at any time to amend or supplement the Pricing Disclosure Package and the Final Memorandum to comply with applicable law, the Company will promptly notify the Initial Purchaser thereof and will
prepare, at the expense of the Company, an amendment or supplement to the Pricing Disclosure Package and the Final Memorandum that corrects such statement or omission or effects such compliance and (2) if at any time prior to the Closing Date
(i) any event shall occur or condition shall exist as a result of which any of the Pricing Disclosure Package as then amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading or any Issuer Written Communication would conflict with the Pricing Disclosure Package as then amended or supplemented, or
(ii) it is necessary to amend or supplement any of the Pricing Disclosure Package so that any of the Pricing Disclosure Package or any Issuer Written Communication will comply with law, the Company will immediately notify the Initial Purchaser
thereof and forthwith prepare and, subject to paragraph (a) above, furnish to the Initial Purchaser such amendments or supplements to any of the Pricing Disclosure Package or any Issuer Written Communication (it being understood that any such
amendments or supplements may take the form of an amended or supplemented Final Memorandum) as may be necessary so that the statements in any of the Pricing Disclosure Package as so amended or supplemented will not, in light of the circumstances
under which they were made, be misleading or so that any Issuer Written Communication will not conflict with the Pricing Disclosure Package or so that the Pricing Disclosure Package or any Issuer Written Communication as so amended or supplemented
will comply with law. 
 (d) The Company will, without charge, provide to the Initial Purchaser and to counsel for the Initial Purchaser as
many copies of the Pricing Disclosure Package, any Issuer Written Communication and the Final Memorandum or any amendment or supplement thereto as the Initial Purchaser may reasonably request. 

(e) The Company will apply the net proceeds from the sale of the Notes as set forth under “Use of Proceeds” in the Pricing
Disclosure Package and the Final Memorandum. 
 (f) During such period after the date hereof and prior to the date on which all of the
Securities have been sold by the Initial Purchaser (as determined by the Initial Purchaser, but in no event more than 365 days after the date hereof), the Company will furnish to the Initial Purchaser copies of all reports and other communications
(financial or otherwise) furnished by the Company to the Trustee or to the holders of the Securities and, upon request, copies of any reports or financial statements furnished to or filed by the Company with the Commission or any national securities
exchange on which any class of securities of the Company may be listed. 
 (g) Prior to the Closing Date, the Company will furnish to the
Initial Purchaser, as soon as they have been prepared, a copy of any unaudited interim financial statements of the Company for any period subsequent to the period covered by the most recent financial statements appearing in the Pricing Disclosure
Package and the Final Memorandum. 

  
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 (h) None of the Company or any of its Affiliates will sell, offer for sale or solicit offers to
buy or otherwise negotiate in respect of any “security” (as defined in the Act) that could be integrated with the sale of the Securities in a manner which would require the registration under the Act of the Securities. 

(i) The Company and the Guarantors will not, and will not permit any of the Subsidiaries or their respective Affiliates or persons acting on
their behalf to, (1) engage in any form of general solicitation or general advertising (as those terms are used in Regulation D under the Act) in connection with the offering of the Securities or (2) engage in any manner involving a public
offering within the meaning of Section 4(a)(2) of the Act. 
 (j) For so long as any of the Securities remain outstanding, the Company
will make available at its expense, upon request, to any holder of such Securities and any prospective purchasers thereof the information specified in Rule 144A(d)(4) under the Act, unless the Company is then subject to Section 13 or 15(d)
of the Exchange Act. 
 (k) The Company will use its commercially reasonable efforts to permit the Securities to be eligible for clearance
and settlement through The Depository Trust Company. 
 (l) During the period beginning on the date hereof and continuing to the date that
is 90 days after the Closing Date, without the prior written consent of Deutsche Bank Securities Inc. the Company and the Guarantors will not offer, sell, contract to sell or otherwise dispose of, except as provided hereunder, any securities of any
of the Company and the Guarantors (or guaranteed by any of the Company and the Guarantors) that are substantially similar to the Securities, in each case other than as contemplated by this Agreement. 

(m) In connection with Securities offered and sold in an off shore transaction (as defined in Regulation S) the Company and the Guarantors
will not register any transfer of such Securities not made in accordance with the provisions of Regulation S and will not, except in accordance with the provisions of Regulation S, if applicable, issue any such Securities (including any related
Guarantees) in the form of definitive securities. 
 (n) None of the Company and the Guarantors or any of their Affiliates will engage in
any directed selling efforts (as that term is defined in Regulation S) with respect to the Securities. 
 (o) For a period of one year
(calculated in accordance with paragraph (d) of Rule 144 under the Act) following the date any Securities are acquired by the Company or any of its affiliates (as defined in Rule 144 under the Act), the Company will not, and will not
permit such affiliates to, sell any such Securities except in a transaction registered under the Act. 
 Section 6. Expenses.
The Company and the Guarantors, jointly and severally, agree to pay all costs and expenses incident to the performance of its obligations under this Agreement, whether or not the transactions contemplated herein are consummated or this Agreement is
terminated pursuant to Section 11 hereof, including all costs and expenses incident to (i) the printing, word processing or other production of documents with respect to the transactions contemplated hereby, including any costs of printing
the Pricing Disclosure Package and the Final Memorandum and any amendment or supplement thereto, and any “Blue Sky” memoranda, 

  
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(ii) all reasonable arrangements relating to the delivery to the Initial Purchaser of copies of the foregoing documents, (iii) the fees and disbursements of the counsel (including local
and special counsel), the accountants and any other experts or advisors retained by the Company and the Guarantors, (iv) preparation (including printing), authentication, issuance and delivery to the Initial Purchaser of the Securities,
(v) the qualification of the Securities under state securities and “Blue Sky” laws, including filing fees and reasonable fees and disbursements of outside counsel for the Initial Purchaser relating thereto and in connection with such
qualification and in connection with the preparation of any “Blue Sky” memoranda and any supplements thereto, (vi) expenses incurred by the Company and the Guarantors in connection with the “roadshow” and any other meetings
with prospective investors in the Securities, (vii) fees and expenses of the Trustee including reasonable fees and expenses of counsel to the Trustee, (viii) any fees charged by investment rating agencies for the rating of the Securities,
(ix) the cost of any advertising approved by the Initial Purchaser and the Company in connection with the Securities, (x) any stamp or transfer taxes in connection with the original issuance and sale of the Notes and (xi) all other
costs and expenses incident to the performance by the Company of its obligations hereunder. Except as provided in this Section 6 and Section 9, the Initial Purchaser shall pay its own expenses, including the fees and disbursements of its
counsel. If the sale of the Securities provided for herein is not consummated because of any failure, refusal or inability on the part of the Company or the Guarantors to perform all obligations and satisfy all conditions on their part to be
performed or satisfied hereunder (other than solely by reason of a default by the Initial Purchaser of their obligations hereunder after all conditions hereunder have been satisfied in accordance herewith), the Company and the Guarantors jointly and
severally agree to promptly reimburse the Initial Purchaser upon demand for all reasonable and documented out-of-pocket expenses (including reasonable fees, disbursements and charges of Cahill Gordon & Reindel llp, counsel for the Initial
Purchaser) that shall have been reasonably incurred by the Initial Purchaser in connection with the proposed purchase and sale of the Securities. 

Section 7. Conditions of the Initial Purchaser’s Obligations. The obligation of the Initial Purchaser to purchase and pay for
the Securities shall, in its sole discretion, be subject to the satisfaction or waiver of the following conditions on or prior to the Closing Date: 

(a) On the Closing Date, the Initial Purchaser shall have received the opinion and negative assurance letter, dated as of the Closing Date and
addressed to the Initial Purchaser, of (i) Jenner & Block LLP, counsel for the Company, in form and substance reasonably satisfactory to counsel for the Initial Purchaser, and substantially as set forth in Annex B hereto and
(ii) Winston & Strawn LLP, counsel for the Company, in form and substance reasonably satisfactory to counsel for the Initial Purchaser, and substantially as set forth in Annex C hereto. 

(b) On the Closing Date, the Initial Purchaser shall have received the opinion, in form and substance reasonably satisfactory to the Initial
Purchaser, dated as of the Closing Date and addressed to the Initial Purchaser, of Cahill Gordon & Reindel LLP, counsel for the Initial Purchaser, with respect to certain legal matters relating to this Agreement and such other related
matters as the Initial Purchaser may reasonably require. In rendering such opinion, Cahill Gordon & Reindel LLP shall have received and may rely upon such certificates and other documents and information as it may reasonably request to pass
upon such matters. 

  
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 (c) On the date hereof, the Initial Purchaser shall have received from the Independent
Accountants a comfort letter dated the date hereof, in form and substance reasonably satisfactory to counsel for the Initial Purchaser with respect to the audited and any unaudited financial information in the Pricing Disclosure Package. On the
Closing Date, the Initial Purchaser shall have received from the Independent Accountants a comfort letter dated the Closing Date, in form and substance reasonably satisfactory to counsel for the Initial Purchaser, which shall refer to the comfort
letter dated the date hereof and reaffirm or update as of a more recent date, the information stated in the comfort letter dated the date hereof and similarly address the audited and any unaudited financial information in the Final Memorandum. 

(d) The representations and warranties of the Company and the Guarantors contained in this Agreement shall be true and correct, in all
material respects, on and as of the Time of Execution and on and as of the Closing Date as if made on and as of the Closing Date; provided, that each such representation or warranty that contains a materiality qualification in the text of
such representation or warranty shall be true and correct in all respects; the statements of the Company’s and the Guarantors’ officers made pursuant to any certificate delivered in accordance with the provisions hereof shall be true and
correct, in all material respects, on and as of the date made and on and as of the Closing Date; the Company and the Guarantors shall have performed all covenants and agreements and satisfied all conditions on their part to be performed or satisfied
hereunder at or prior to the Closing Date; and, except as described in the Pricing Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto after the date hereof), subsequent to the date of the most recent
financial statements in such Pricing Disclosure Package and the Final Memorandum, there shall have been no event or development, and no information shall have become known, that, individually or in the aggregate, has or would be reasonably expected
to have a Material Adverse Effect. 
 (e) The sale of the Securities hereunder shall not be enjoined (temporarily or permanently) on the
Closing Date. 
 (f) Subsequent to the date of the most recent financial statements in the Pricing Disclosure Package and the Final
Memorandum (exclusive of any amendment or supplement thereto after the date hereof), none of the Company or any of the Subsidiaries shall have sustained any loss or interference with respect to its business or properties from fire, flood, hurricane,
accident or other calamity, whether or not covered by insurance, or from any strike, labor dispute, slow down or work stoppage or from any legal or governmental proceeding, order or decree, which loss or interference, individually or in the
aggregate, has or would be reasonably expected to have a Material Adverse Effect. 
 (g) The Initial Purchaser shall have received a
certificate from the Company, dated the Closing Date, signed on behalf of the Company by its (i) Chief Executive Officer, President or any Senior Vice President or executive officer and (ii) Chief Financial Officer, Controller, Treasurer
or principal financial or accounting officer to the effect that to such officers’ knowledge after due inquiry: 
 (i)
the representations and warranties of the Company and the Guarantors contained in this Agreement are true and correct, in all material respects, on and as of the Time of Execution and on and as of the Closing Date; provided, that

  
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each such representation or warranty that contains a materiality qualification in the text of such representation or warranty shall be true and correct in all respects, and the Company and the
Guarantors have performed all covenants and agreements and satisfied all conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date; 

(ii) at the Closing Date, since the date hereof or since the date of the most recent financial statements in the Pricing
Disclosure Package and the Final Memorandum (exclusive of any amendment or supplement thereto after the date hereof), no event or development has occurred, and no information has become known to the Company or any Guarantor, that, individually or in
the aggregate, has or would be reasonably expected to have a Material Adverse Effect; and 
 (iii) the sale of the Securities
hereunder has not been enjoined (temporarily or permanently). 
 (h) On the Closing Date, the Initial Purchaser shall have received the
Registration Rights Agreement executed by the Company and the Guarantors, and such agreement shall be in full force and effect. 
 (i) On
the Closing Date, the Initial Purchaser shall have received a board resolution and an officer’s certificate in compliance with the requirements set forth in Section 2.15 of the Indenture. 

(j) The Notes shall be eligible for clearance and settlement through The Depository Trust Company. 

On or before the Closing Date, the Initial Purchaser and counsel for the Initial Purchaser shall have received such further documents,
opinions, certificates, letters and schedules or instruments relating to the business, corporate, legal and financial affairs of the Company and the Subsidiaries as they shall have heretofore reasonably requested from the Company. 

All such documents, opinions, certificates, letters, schedules or instruments delivered pursuant to this Agreement will comply with the
provisions hereof only if they are reasonably satisfactory in all material respects to the Initial Purchaser and counsel for the Initial Purchaser. The Company and the Guarantors shall furnish to the Initial Purchaser such conformed copies of such
documents, opinions, certificates, letters, schedules and instruments in such quantities as the Initial Purchaser shall reasonably request. 

Section 8. Offering of Notes; Restrictions on Transfer. (a) The Initial Purchaser agrees with the Company and the Guarantors
that (i) it has not and will not solicit offers for, or offer or sell, the Securities by any form of general solicitation or general advertising (as those terms are used in Regulation D under the Act) or in any manner involving a public
offering within the meaning of Section 4(a)(2) of the Act; and (ii) it will solicit offers for the Securities only from, and will offer the Securities only to (A) inside the United States, persons whom the Initial Purchaser reasonably
believes to be QIBs or, if any such person is buying for one or more institutional accounts for which such person is acting as fiduciary or agent, only when such person has represented to the Initial Purchaser that each such account is a QIB, to
whom notice has 

  
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been given that such sale or delivery is being made in reliance on Rule 144A, and, in each case, in transactions under Rule 144A and (B) outside the United States, to persons other
than U.S. persons (“non-U.S. purchasers,” which term shall include dealers or other professional fiduciaries in the United States acting on a discretionary basis for non-U.S. beneficial owners (other than an estate or trust)); provided,
however, that, in the case of this clause (B), in purchasing such Securities such persons are deemed to have represented and agreed as provided under the caption “Transfer Restrictions” contained in the Pricing Disclosure Package and the
Final Memorandum. 
 (b) The Initial Purchaser represents and warrants with respect to sales outside the United States that (i) the
Securities have not been and will not be sold within the United States or to, or for the account or benefit of, U.S. persons except in accordance with Regulation S under the Act or pursuant to an exemption from the registration requirements of the
Act; and (ii) it will sell the Securities (A) as part of its distribution at any time and (B) otherwise until 40 days after the later of the commencement of the offering and the Closing Date, only in accordance with Rule 903 of
Regulation S and, accordingly, neither it nor any persons acting on its behalf have engaged or will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Securities, and any such persons have complied and
will comply with the offering restrictions requirement of Regulation S. 
 (c) The Initial Purchaser represents and warrants and agrees with
the Company and the Guarantors that: 
 (i) in relation to each Member State of the European Economic Area which has
implemented the Prospectus Directive (each, a “Relevant Member State”), with effect from and including the date on which the Prospectus Directive is implemented in that Relevant Member State it has not made and will not make an
offer of the Notes in that Relevant Member State other than (i) to any legal entity which a qualified investor as defined in the Prospectus Directive, (ii) to fewer than 100, or, if the Relevant Member State has implemented the relevant
provision of the 2010 PD Amending Directive, 150, natural or legal persons (other than qualified investors as defined in the Prospectus Directive), as permitted under the Prospectus Directive, subject to obtaining the prior consent of the
representatives of the Initial Purchaser for any such offer, or (iii) in any other circumstances falling within Article 3(2) of the Prospectus Directive, provided that no such offer of Securities shall require the Company to publish a
prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive. For the purposes of this provision, the expression an “offer of Notes to the public” in relation to
any Notes in any Relevant Member State means the communication in any form and by any means of sufficient information on the terms of the offer and the Notes to be offered so as to enable an investor to decide to purchase or subscribe to the Notes,
as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State, the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the
2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in each Relevant Member State and the expression “2010 PD Amending Directive” means Directive
2010/73/EU; 

  
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 (ii) it is a person whose ordinary activities involve it in acquiring, holding,
managing or disposing of investments (as principal or agent) for the purposes of its business and (ii) it has not offered or sold and will not offer or sell the Notes other than to persons whose ordinary activities involve them in acquiring,
holding, managing or disposing of investments (as principal or as agent) for the purposes of their businesses or who it is reasonable to expect will acquire, hold, manage or dispose of investments (as principal or agent) for the purposes of their
businesses where the issue of the Notes would otherwise constitute a contravention of Section 19 of the Financial Services and Markets Act of 2000 (the “FSMA”) by the Company; 

(iii) it has only communicated or caused to be communicated and will only communicate or cause to be communicated an invitation
or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with the issue or sale of the Notes in circumstances in which Section 21(1) of the FSMA does not apply to the
Company; 
 (iv) it has complied and will comply with all applicable provisions of the FSMA with respect to anything done by
it in relation to the Notes in, from or otherwise involving the United Kingdom; and 
 (v) the offer in the Netherlands of
the Notes is exclusively limited to persons established, domiciled or resident in the Netherlands who are professional market parties within the meaning of the Dutch Financial Supervision Act (Wet op het financieel toezicht), as amended from
time to time (which include banks, stockbrokers, insurance companies, pension funds, other institutional investors, finance companies and treasury departments of large enterprises). 

Terms used in this Section 8 and not defined in this Agreement have the meanings given to them in Regulation S. 

Section 9. Indemnification and Contribution. (a) The Company and the Guarantors jointly and severally agree to indemnify and
hold harmless the Initial Purchaser, the Affiliates, directors, officers, employees and agents of the Initial Purchaser, and each person, if any, who controls the Initial Purchaser within the meaning of Section 15 of the Act or Section 20
of the Exchange Act against any losses, claims, damages or liabilities, joint or several, to which they or any of them may become subject under the Act, the Exchange Act or other U.S. federal or state statutory law or regulation, at common law or
otherwise, insofar as any such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon the following: 

(i) any untrue statement or alleged untrue statement made by the Company or any of its Subsidiaries in Section 2 hereof;

 (ii) any untrue statement or alleged untrue statement of any material fact contained in the Pricing Disclosure Package,
any Issuer Written Communication or Final Memorandum or any amendment or supplement thereto; or 

  
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 (iii) the omission or alleged omission to state, in the Pricing Disclosure
Package, any Issuer Written Communication or the Final Memorandum or any amendment or supplement thereto, a material fact required to be stated therein or necessary to make the statements therein not misleading; 

and will reimburse, as incurred, the Initial Purchaser and each such affiliate, director, officer or employee and each such controlling person for any legal
or other expenses reasonably incurred by the Initial Purchaser and each such affiliate, director, officer or employee or such controlling person in connection with investigating, defending against or appearing as a third-party witness in connection
with any such loss, claim, damage, liability or action; provided, however, that the Company and the Guarantors will not be liable in any such case to the extent that any such loss, claim, damage, or liability arises out of or is based
upon any untrue statement or alleged untrue statement or omission or alleged omission made in the Pricing Disclosure Package, any Issuer Written Communication or Final Memorandum or any amendment or supplement thereto in reliance upon and in
conformity with written information concerning the Initial Purchaser furnished to the Company and the Guarantors by the Initial Purchaser specifically for use therein, it being understood and agreed that the only such information furnished by or on
behalf of the Initial Purchaser consists of the information described as such in Section 12 hereof. The indemnity provided for in this Section 9 will be in addition to any liability that the Company and the Guarantors may
otherwise have to the indemnified parties. The Company shall not be liable under this Section 9 for any settlement of any claim or action effected without its prior written consent, which shall not be unreasonably withheld, conditioned
or delayed. 
 (b) The Initial Purchaser agrees to indemnify and hold harmless the Company and the Guarantors, their respective directors,
officers and each person, if any, who controls the Company or any Guarantor within the meaning of Section 15 of the Act or Section 20 of the Exchange Act against any losses, claims, damages or liabilities to which the Company or any
Guarantor or any such director, officer or controlling person may become subject under the Act, the Exchange Act or otherwise, insofar as such losses, claims, damages or liabilities (or actions in respect thereof) arise out of or are based upon
(i) any untrue statement or alleged untrue statement of any material fact contained in the Pricing Disclosure Package, any Issuer Written Communication or Final Memorandum or any amendment or supplement thereto, or (ii) the omission or the
alleged omission to state therein a material fact required to be stated in the Pricing Disclosure Package, any Issuer Written Communication or Final Memorandum or any amendment or supplement thereto, or necessary to make the statements therein not
misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information concerning the Initial
Purchaser, furnished to the Company by the Initial Purchaser specifically for use therein, it being understood and agreed that the only such information furnished by or on behalf of the Initial Purchaser consists of the information described as such
in Section 12 hereof; and subject to the limitation set forth immediately preceding this clause, will reimburse, as incurred, any legal or other expenses reasonably incurred by the Company or any Guarantor or any such director, officer
or controlling person in connection with investigating or defending against or appearing as a third party witness in connection with any such loss, claim, damage, liability or action in respect thereof. The indemnity provided for in this
Section 9 will be in addition to any liability that the Initial Purchaser may otherwise have to the indemnified parties. The Initial Purchaser shall not be liable under this Section 9 for any settlement of any claim or action
effected without their consent, which shall not be unreasonably withheld. 

  
 -21- 

 (c) Promptly after receipt by an indemnified party under this Section 9 of notice of
the commencement of any action for which such indemnified party is entitled to indemnification under this Section 9, such indemnified party will, if a claim in respect thereof is to be made against the indemnifying party under this
Section 9, notify the indemnifying party of the commencement thereof in writing; but the omission to so notify the indemnifying party (i) will not relieve it from any liability under paragraph (a) or (b) above unless and
to the extent such failure results in the forfeiture by the indemnifying party of substantial rights and defenses and (ii) will not, in any event, relieve the indemnifying party from any obligations to any indemnified party other than the
indemnification obligation provided in paragraphs (a) or (b) above. In case any such action is brought against any indemnified party, and it notifies the indemnifying party of the commencement thereof, the indemnifying party will be
entitled to participate therein and, to the extent that it may wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel (including local counsel) reasonably satisfactory to such indemnified
party; provided, however, that if (i) the use of counsel (including local counsel) chosen by the indemnifying party to represent the indemnified party would present such counsel with a conflict of interest, (ii) the actual or
potential defendants in, or targets of, any such action include both the indemnified party and the indemnifying party and the indemnified party shall have been advised by counsel (including in-house counsel) that there may be one or more legal
defenses available to it and/or other indemnified parties that are different from or additional to those available to the indemnifying party, (iii) the indemnifying party shall not have employed counsel reasonably satisfactory to the
indemnified party to represent the indemnified party within a reasonable time after receipt by the indemnifying party of notice of the institution of such action or (iv) the indemnifying party has authorized in writing the employment of counsel
for the indemnified party at the expense of the indemnifying party, then, in each such case, the indemnifying party shall not have the right to direct the defense of such action on behalf of such indemnified party or parties and such indemnified
party or parties shall have the right to select separate counsel (including local counsel) to defend such action on behalf of such indemnified party or parties. After notice from the indemnifying party to such indemnified party of its election so to
assume the defense thereof and approval by such indemnified party of counsel appointed to defend such action, the indemnifying party will not be liable to such indemnified party under this Section 9 for any legal or other expenses, other
than reasonable costs of investigation, subsequently incurred by such indemnified party in connection with the defense thereof, unless the indemnified party shall have employed separate counsel in accordance with the proviso to the immediately
preceding sentence (it being understood, however, that in connection with such action the indemnifying party shall not be liable for the expenses of more than one separate counsel (in addition to local counsel) in any one action or separate but
substantially similar actions in the same jurisdiction arising out of the same general allegations or circumstances, designated by the Initial Purchaser in the case of paragraph (a) of this Section 9 or the Company and the
Guarantors in the case of paragraph (b) of this Section 9, representing the indemnified parties under such paragraph (a) or paragraph (b), as the case may be, who are parties to such action or actions). All fees and
expenses reimbursed pursuant to this paragraph (c) shall be reimbursed as they are incurred. After such notice from the indemnifying party to such indemnified party, the indemnifying party will not be liable for the costs and expenses of any
settlement of such action effected by such indemnified party without the prior written consent of the indemnifying party 

  
 -22- 

 
(which consent shall not be unreasonably withheld, conditioned or delayed), unless such indemnified party waived in writing its rights under this Section 9, in which case the
indemnified party may effect such a settlement without such consent. No indemnifying party shall, without the prior written consent of the indemnified party, such consent not to be unreasonably withheld, conditioned or delayed, effect any settlement
or compromise of any pending or threatened proceeding in respect of which any indemnified party is or could have been a party, or indemnity could have been sought hereunder by any indemnified party, unless such settlement (A) includes an
unconditional written release of the indemnified party, in form and substance reasonably satisfactory to the indemnified party, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement
as to an admission of fault, culpability or failure to act by or on behalf of any indemnified party. 
 (d) In circumstances in which the
indemnity agreement provided for in the preceding paragraphs of this Section 9 is unavailable to, or insufficient to hold harmless, an indemnified party in respect of any losses, claims, damages or liabilities (or actions in respect
thereof), each indemnifying party, in order to provide for just and equitable contribution, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect
thereof) in such proportion as is appropriate to reflect (i) the relative benefits received by the indemnifying party or parties, on the one hand, and the indemnified party, on the other, from the offering of the Securities or (ii) if the
allocation provided by the foregoing clause (i) is not permitted by applicable law, not only such relative benefits but also the relative fault of the indemnifying party or parties, on the one hand, and the indemnified party, on the other, in
connection with the statements or omissions or alleged statements or omissions that resulted in such losses, claims, damages or liabilities (or actions in respect thereof). The relative benefits received by the Company and the Guarantors, on the one
hand, and the Initial Purchaser, on the other, shall be deemed to be in the same proportion as the total proceeds from the offering (before deducting expenses) received by the Company and the Guarantors bear to the total discounts and commissions
received by the Initial Purchaser. The relative fault of the parties shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material
fact relates to information supplied by any of the Company and the Guarantors, on the one hand, or the Initial Purchaser, on the other, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such
statement or omission or alleged statement or omission, and any other equitable considerations appropriate in the circumstances. The Company, the Guarantors and the Initial Purchaser agree that it would not be equitable if the amount of such
contribution were determined by pro rata or per capita allocation or by any other method of allocation that does not take into account the equitable considerations referred to in the first sentence of this paragraph (d). Notwithstanding any
other provision of this paragraph (d), the Initial Purchaser shall not be obligated to make contributions hereunder that in the aggregate exceed the total discounts, commissions and other compensation received by the Initial Purchaser under
this Agreement, less the aggregate amount of any damages that the Initial Purchaser has otherwise been required to pay by reason of the untrue or alleged untrue statements or the omissions or alleged omissions to state a material fact, and no person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this paragraph (d), each
person, if any, who controls the Initial Purchaser within the meaning of Section 15 of the Act or Section 20 of the Exchange Act shall have the same rights to contribution 

  
 -23- 

 
as the Initial Purchaser, and each director of the Company or any Guarantor, each officer of the Company or any Guarantor and each person, if any, who controls the Company within the meaning of
Section 15 of the Act or Section 20 of the Exchange Act, shall have the same rights to contribution as the Company and the Guarantors. 

Section 10. Survival Clause. The respective representations, warranties, agreements, covenants, indemnities and other statements
of the Company and the Guarantors, their officers and the Initial Purchaser set forth in this Agreement or made by or on behalf of them pursuant to this Agreement shall remain in full force and effect, regardless of (i) any investigation made
by or on behalf of the Company or any Guarantor, any of their respective officers or directors, the Initial Purchaser or any controlling person referred to in Section 9 hereof and (ii) delivery of and payment for the Securities. The
respective agreements, covenants, indemnities and other statements set forth in Sections 6, 9, 10 and 15 hereof shall remain in full force and effect, regardless of any termination or cancellation of this Agreement.

 Section 11. Termination. (b) This Agreement may be terminated in the sole discretion of the Initial Purchaser by notice
to the Company given prior to the Closing Date in the event that the Company and the Guarantors shall have failed, refused or been unable to perform all obligations and satisfy all conditions on its part to be performed or satisfied hereunder at or
prior thereto or, if at or prior to the Closing Date, 
 (i) any of the Company or the Subsidiaries shall have sustained any
loss or interference with respect to its businesses or properties from fire, flood, hurricane, accident or other calamity, whether or not covered by insurance, or from any strike, labor dispute, slow down or work stoppage or any legal or
governmental proceeding, which loss or interference, in the sole judgment of the Initial Purchaser, has had or has a Material Adverse Effect, or there shall have been, in the sole judgment of the Initial Purchaser, any event or development that,
individually or in the aggregate, has or could be reasonably likely to have a Material Adverse Effect (including without limitation a change in control of the Company or the Subsidiaries), except in each case as described in the Pricing Disclosure
Package and the Final Memorandum (exclusive of any amendment or supplement thereto); 
 (ii) trading in securities of the
Company or in securities generally on the New York Stock Exchange or the NASDAQ Global Market shall have been suspended or materially limited or minimum or maximum prices shall have been established on any such exchange or market; 

(iii) a banking moratorium shall have been declared by New York or United States authorities or a material disruption in
commercial banking or securities settlement or clearance services in the United States; 
 (iv) there shall have been
(A) an outbreak or escalation of hostilities between the United States and any foreign power, or (B) an outbreak or escalation of any other insurrection or armed conflict involving the United States or any other national or international
calamity or emergency, or (C) any material change in the financial markets of the United States which, in the case of (A), (B) or (C) above and in the sole judgment of the 

  
 -24- 

 
Initial Purchaser, makes it impracticable or inadvisable to proceed with the offering or the delivery of the Securities as contemplated by the Pricing Disclosure Package and the Final Memorandum;
or 
 (v) any securities of the Company shall have been downgraded by any nationally recognized statistical rating
organization or any such organization shall have publicly announced that it has under surveillance or review, or has changed its outlook with respect to, its ratings of any securities of the Company (other than an announcement with positive
implications of a possible upgrading). 
 (b) Termination of this Agreement pursuant to this Section 11 shall be without
liability of any party to any other party except as provided in Section 10 hereof. 
 Section 12. Information Supplied
by the Initial Purchaser. The statements set forth in the third sentence of the eighth paragraph and the ninth paragraph under the heading “Private Placement” in the Preliminary Memorandum and the Final Memorandum (to the extent such
statements relate to the Initial Purchaser) constitute the only information furnished by the Initial Purchaser to the Company and the Guarantors for the purposes of Sections 2(a) and 9 hereof. 

Section 13. Notices. All communications hereunder shall be in writing and, if sent to the Initial Purchaser, shall be mailed or
delivered to Deutsche Bank Securities Inc., 60 Wall Street, New York, New York 10005, Attention: Leveraged Debt Capital Markets, Second Floor (fax: (212) 797-4877), with a copy to the attention of the General Counsel, 36th Floor (fax: (212) 797-4561); and if sent to the Company, shall be delivered or sent by mail, telex or facsimile transmission to the Company at Great Lakes Dredge & Dock Corporation,
2122 York Road, Oak Brook, IL 60523, Attention: Mark W. Marinko, Senior Vice President and Chief Financial Officer, (fax: (630) 574-3007), with a copy to the attention of Brian S. Hart, Esq., Jenner & Block LLP, 353 N. Clark St.,
Chicago, IL 60654 (fax: (312) 923-2718). 
 All such notices and communications shall be deemed to have been duly given: when delivered
by hand, if personally delivered; five business days after being deposited in the mail, postage prepaid, if mailed; and one business day after being timely delivered to a next-day air courier. 

Section 14. Successors. This Agreement shall inure to the benefit of and be binding upon the Initial Purchaser, the Company, the
Guarantors and their respective successors and legal representatives, and nothing expressed or mentioned in this Agreement is intended or shall be construed to give any other person any legal or equitable right, remedy or claim under or in respect
of this Agreement, or any provisions herein contained; this Agreement and all conditions and provisions hereof being intended to be and being for the sole and exclusive benefit of such persons and for the benefit of no other person except that
(i) the indemnities of the Company and the Guarantors contained in Section 9 of this Agreement shall also be for the benefit of any person or persons who control the Initial Purchaser within the meaning of Section 15 of the Act
or Section 20 of the Exchange Act and (ii) the indemnities of the Initial Purchaser contained in Section 9 of this Agreement shall also be for the benefit of the directors of the Company and the Guarantors, their respective
officers and any person or persons who control the Company or 

  
 -25- 

 
any Guarantor within the meaning of Section 15 of the Act or Section 20 of the Exchange Act. No purchaser of Securities from the Initial Purchaser will be deemed a successor because of
such purchase. 
 Section 15. APPLICABLE LAW. THE VALIDITY AND INTERPRETATION OF THIS AGREEMENT, AND THE TERMS AND CONDITIONS
SET FORTH HEREIN SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED WHOLLY THEREIN, WITHOUT GIVING EFFECT TO ANY PROVISIONS THEREOF RELATING TO CONFLICTS OF LAW.

 Section 16. No Advisory or Fiduciary Responsibility. The Company and the Guarantors acknowledge and agree that (i) the
purchase and sale of the Securities pursuant to this Agreement is an arm’s-length commercial transaction between the Company and the Guarantors, on the one hand, and the Initial Purchaser, on the other, (ii) in connection therewith and
with the process leading to such transaction the Initial Purchaser is acting solely as a principal and not the agent or fiduciary of the Company or any Guarantor, (iii) the Initial Purchaser has not assumed an advisory or fiduciary
responsibility in favor of the Company or any Guarantor with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether the Initial Purchaser has advised or is currently advising the Company or any Guarantor
on other matters) or any other obligation to the Company except the obligations expressly set forth in this Agreement and (iv) the Company has consulted its own legal and financial advisors to the extent it deemed appropriate. The Company and
each Guarantor agrees that it will not claim that the Initial Purchaser has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Company or any Guarantor, in connection with such transaction or the process
leading thereto. 
 Section 17. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Agreement or any certificate delivered hereunder by facsimile transmission or e-mail
transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement or such certificate. 

Section 18. Integration. This Agreement constitutes the entire agreement of the parties to this Agreement and supersedes all prior
written or contemporaneous oral agreements, understandings and negotiations with respect to the subject matter hereof. 
 [Signature Pages
Follow] 

  
 -26- 

 If the foregoing correctly sets forth our understanding, please indicate your acceptance thereof
in the space provided below for that purpose, whereupon this letter shall constitute a binding agreement among the Company, the Guarantors and the Initial Purchaser. 

 

			
	Very truly yours,
	
	GREAT LAKES DREDGE & DOCK CORPORATION

 
			
		
	By:	 	/s/ Jonathan W. Berger
	Name:	 	Jonathan W. Berger
	Title:	 	Chief Executive Officer

  

			
	DAWSON MARINE SERVICES COMPANY

 
			
		
	By:	 	/s/ Catherine M. Hoffman
	Name:	 	Catherine M. Hoffman
	Title:	 	President

  

			
	FIFTY-THREE DREDGING CORPORATION

 
			
		
	By:	 	/s/ Paul E. Dinquel
	Name:	 	Paul E. Dinquel
	Title:	 	Vice President

  

			
	GREAT LAKES DREDGE & DOCK COMPANY, LLC

 
			
		
	By:	 	/s/ Jonathan W. Berger
	Name:	 	Jonathan W. Berger
	Title:	 	Chief Executive Officer

  

			
	GREAT LAKES DREDGE & DOCK ENVIRONMENTAL, INC.

 
			
		
	By:	 	/s/ Jonathan W. Berger
	Name:	 	Jonathan W. Berger
	Title:	 	Chief Executive Officer

  
 Signature Page to Purchase
Agreement 

 
			
	NASDI HOLDINGS CORPORATION

 
			
		
	By:	 	/s/ Jonathan W. Berger
	Name:	 	Jonathan W. Berger
	Title:	 	Chief Executive Officer

  

			
	TERRA CONTRACTING SERVICES, LLC

 
			
		
	By:	 	/s/ Steven B. Taplin
	Name:	 	Steven B. Taplin
	Title:	 	President

  
  

 
 Signature Page to Purchase Agreement 

 The foregoing Agreement is hereby confirmed 

and accepted as of the date first above written. 
  

			
	DEUTSCHE BANK SECURITIES INC.
		
	By:	 	/s/ Christopher Blum
		 	Name:    Christopher Blum
		 	Title:      Managing Director

  

			
	
		
	By:	 	/s/ Craig Molson
		 	Name:    Craig Molson
		 	Title:      Director

  
  

Signature Page to Purchase Agreement 

 SCHEDULE 1(a) 

Subsidiaries of the Company 
  

			
	 Name
	  	Jurisdiction of Incorporation or
Formation
	 Dawson Marine Services Company*
	  	Delaware
	 Fifty-Three Dredging Corporation*
	  	New Jersey
	 GLDD Mexicana, S. de R.L. de C.V.
	  	Mexico
	 Great Lakes Dredge & Dock Australia
	  	Australia
	 Great Lakes Dredge & Dock (Bahamas) Ltd.
	  	Bahamas
	 Great Lakes Dredge & Dock Co. Brasil Ltda.
	  	Brazil
	 Great Lakes Dredge & Dock Company, LLC*
	  	Delaware
	 Great Lakes Dredge & Dock Environmental, Inc.*
	  	Delaware
	 Great Lakes Dredge & Dock India Ltd.
	  	India
	 Great Lakes Environmental & Infrastructure Solutions, LLC
	  	Delaware
	 Lydon Dredging & Construction Company, Ltd.
	  	Canada
	 Magus Pacific Corporation
	  	California
	 NASDI Holdings Corporation*
	  	Delaware
	 Terra Contracting Services, LLC*
	  	Delaware
	 Terra Fluid Management, LLC
	  	Delaware

  

	*	Indicates that the Subsidiary is a Guarantor under the Agreement. 

 SCHEDULE 1(b) 

Equity Interests and Joint Ventures 
  

	(1)	The Company has an equity interest in the following joint ventures: 

 A. Amboy
Aggregates Joint Venture 
  

	(2)	Fifty-Three Dredging Corporation owns 50% of the membership interests of Lower Main Street Development, L.L.C., a New Jersey limited liability company. 

 

	(3)	Great Lakes Dredge & Dock Environmental, Inc. owns 50% of the membership interests of TerraSea Environmental Solutions LLC, a Delaware limited liability company. 

 ANNEX A 
  

	1.	Additional Time of Execution Information  

 Pricing Supplement, dated November 24, 2014 

  
 A-1 

 Pricing Supplement 

[See Attached]. 

 Supplement Dated November 19, 2014 to 

Preliminary Offering Memorandum Dated November 19, 2014 of 

$25,000,000 
  

 
 

 
 Great Lakes Dredge & Dock Corporation 

7.375% Senior Notes due 2019 
 This
Supplement is qualified in its entirety by reference to the Preliminary Offering Memorandum. The information in this Supplement supplements the Preliminary Offering Memorandum and supersedes the information in the Preliminary Offering Memorandum to
the extent inconsistent with the information in the Preliminary Offering Memorandum. 
 The notes have not been registered under the Securities Act of 1933,
as amended (the “Securities Act”) and are being offered only to (1) “qualified institutional buyers” as defined in Rule 144A under the Securities Act and (2) outside the United States to non-U.S. persons in compliance
with Regulation S under the Securities Act. 
 Unless otherwise indicated, capitalized terms used but not defined herein have the meaning assigned to such
terms in the Preliminary Offering Memorandum. 
  

			
	 Issuer:
	  	Great Lakes Dredge & Dock Corporation (the “Issuer”)
		
	 Aggregate Principal Amount:
	  	$25,000,000 (the “New Notes”)
		
	 Gross Cash Proceeds to the Issuer:
	  	$24,875,000 (excluding accrued and unpaid interest from August 1, 2014 to the date of delivery paid in addition to the issue price, which will be paid to the applicable holders on the first interest payment date, February 1,
2015)
		
	 Title of Securities:
	  	 7.375% Senior Notes due 2019
  

The New Notes will be issued as additional notes under the indenture governing the Issuer’s previously issued 7.375% senior notes due 2019 in the
aggregate principal amount of $250,000,000 (the “Existing Notes” and together with the New Notes, the “notes”). The New Notes will constitute a further issuance of and will be consolidated and form a single

					
		  	series with the Existing Notes, except that (i) the New Notes will not be registered under the Securities Act and will have transfer restrictions, registration rights and rights to special interest that are not
applicable to the Existing Notes and (ii) unless and until the New Notes are exchanged for registered exchange notes, the New Notes will have a separate CUSIP number from that of the Existing Notes and will not be fungible with the Existing Notes.
The New Notes will vote as a single class with the Existing Notes and otherwise be treated as “notes” for all purposes under the indenture.
		
	 Final Maturity Date:
	  	February 1, 2019
		
	 Issue Price:
	  	99.500%, plus pre-issuance accrued and unpaid interest, from August 1, 2014
		
	 Coupon:
	  	7.375%
		
	 Yield to Maturity:
	  	7.512%
		
	 Spread to Treasury Security:
	  	603 bps
		
	 Benchmark:
	  	2.75% UST due February 15, 2019
		
	 Interest Payment Dates:
	  	February 1 and August 1
		
	 First Interest Payment Date:
	  	February 1, 2015
		
	 Optional Redemption:
	  	 The notes will be redeemable at the option of the Issuer, in whole or in part, at any time on and after February 1, 2015 at
the redemption prices (expressed as a percentage of principal amount) set forth below, plus accrued and unpaid interest thereon, if any, to the redemption date, if redeemed during the twelve-month period beginning on February 1 of the years
indicated below:
  

	 	  	 Date
	  	 Price

		  	2015	  	103.688%
		  	2016	  	101.844%
		  	2017 and thereafter	  	100.000%
		
		  	At any time prior to February 1, 2015, the Issuer may redeem the notes, in whole or in part upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to the

			
		  	registered address of each holder of notes or otherwise delivered in accordance with the procedures of DTC, in cash, at a redemption price equal to 100% of the principal amount of the notes redeemed plus the Applicable Premium as
of, and accrued and unpaid interest, if any, to the Redemption Date, subject to the rights of the holders of record on the relevant record date to receive interest due on the relevant interest payment date.
		
	 Change of Control:
	  	101%
		
	 Initial Purchaser:
	  	Deutsche Bank Securities Inc.
		
	 Trade Date:
	  	November 19, 2014
		
	 Settlement Date:
	  	November 24, 2014 (T+3)
		
	 Distribution:
	  	144A with registration rights as set forth in the Preliminary Offering Memorandum
		
	 CUSIP/ISIN Numbers:
	  	 144A CUSIP: 390607 AC3
  

144A ISIN: US390607 AC32

		
		  	 Regulation S CUSIP: U39023 AE3
  

Regulation S ISIN: USU39023AE32

		
	 Trustee:
	  	Wells Fargo Bank, National Association

 The information presented in the Preliminary Offering Memorandum is deemed to have changed to the extent affected by the
changes described herein. 
 This material is confidential and is for your information only and is not intended to be used by anyone other than you.
This information does not purport to be a complete description of these securities or the offering. Please refer to the Preliminary Offering Memorandum for a complete description. 

This communication is being distributed in the United States solely to qualified institutional buyers, as defined in Rule 144A under the Securities Act,
and outside the United States solely to non-U.S. persons as defined under Regulation S. 
 This communication is not an offer to sell the securities
and it is not a solicitation of an offer to buy the securities in any jurisdiction where the offering is prohibited, where the person making the offer is not qualified to do so, or to any person who cannot legally be offered the securities. 

 Any disclaimer or other notice that may appear below is not applicable to this communication and should be
disregarded. Such disclaimer or notice was automatically generated as a result of this communication being sent by Bloomberg or another email system. 

 ANNEX B 

Form of Jenner & Block LLP Opinion 

As used herein, the following terms shall have the following meanings: The term “CGCL” means Title 1, Division 1 of the
Corporations Code of the State of California, or the General Corporation Law of the State of California, as currently in effect. The term “DGCL” means the General Corporation Law of the State of Delaware, as currently in effect. The
term “DLLCA” means the Delaware Limited Liability Company Act, as currently in effect. The term “Final Memorandum” means the Offering Memorandum, dated November 19, 2014, relating to the Notes and the
Guarantees. The term “Guarantees” means the guarantees, on a senior unsecured basis, of the payment of principal, premium, if any, and interest on the Notes, jointly and severally by the Guarantors. The term
“Guarantors” means the following wholly owned domestic subsidiaries of the Company: Dawson Marine Services Company, Great Lakes Dredge & Dock Environmental, Inc. and NASDI Holdings Corporation, each of which is incorporated
under the laws of the State of Delaware; Fifty-Three Dredging Corporation, which is incorporated under the laws of the State of New Jersey; Great Lakes Dredge & Dock Company, LLC, Great Lakes Environmental & Infrastructure
Solutions, LLC, Terra Contracting Services, LLC and Terra Fluid Management, LLC, each of which is a limited liability company organized under the laws of the State of Delaware; and Magus Pacific Corporation, which is incorporated under the laws of
the State of California. The term “Material Adverse Effect” means a material adverse effect on the management, business, condition (financial or otherwise), business prospects or results of operations of the Company and its
subsidiaries, taken as a whole. The term “NJBCA” means the New Jersey Business Corporation Act, as currently in effect. The term “Preliminary Memorandum” means the Preliminary Offering Memorandum, dated
November 19, 2014, relating to the Notes and the Guarantees. The term “Pricing Disclosure Package” means, collectively, the Preliminary Memorandum and the pricing supplement in the form attached hereto as Schedule A. The
term “Securities” means the Notes and the Guarantees. 
 Based upon and subject to the foregoing and the assumptions,
qualifications and limitations hereinafter set forth, we are of the opinion that: 
  

	1.	Each of the Company and the Guarantors (a) is validly existing and in good standing under the laws of the state of its incorporation or formation, as applicable, and (b) has the corporate or limited liability
company power and authority to conduct its business as described in each of the Pricing Disclosure Package and the Final Memorandum. 

  

	2.	Each of the Company and the Guarantors has the corporate or limited liability company power and authority to execute, deliver and perform its obligations under the Purchase Agreement, the Registration Rights Agreement
and the Notes, to the extent it is a party thereto, and the corporate or limited liability company power and authority to perform its obligations under the Indenture. 

 

	3.	The Purchase Agreement has been duly authorized, executed and delivered by or on behalf of the Company and each of the Guarantors. 

  
 B-1 

	4.	The Indenture has been duly authorized, executed and delivered by or on behalf of the Company and each of the Guarantors and constitutes a valid and binding obligation of the Company and each of the Guarantors,
enforceable against the Company and each of the Guarantors in accordance with its terms. 

  

	5.	The Registration Rights Agreement has been duly authorized, executed and delivered by the Company and each of the Guarantors and constitutes the valid and binding obligation of the Company and each of the Guarantors,
enforceable against the Company and each of the Guarantors in accordance with its terms. 

  

	6.	The Notes have been duly authorized, executed and delivered by or on behalf of the Company, and, when issued and authenticated on behalf of the Trustee in accordance with the terms of the Indenture and delivered to and
paid for by the Initial Purchaser today in accordance with the terms of the Purchase Agreement, (a) the Notes will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, and will
be entitled to the benefits of the Indenture, and (b) each Guarantor’s Guarantee pursuant to the Indenture will constitute the valid and binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms.

  

	7.	The Exchange Notes have been duly authorized by or on behalf of the Company, and, when issued and authenticated on behalf of the Trustee in accordance with the terms of the Indenture and the Registration Rights
Agreement, (a) the Exchange Notes will be duly executed and will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, and will be entitled to the benefits of the Indenture, and
(b) each Guarantor’s guarantee of the Exchange Notes pursuant to the Indenture will constitute the valid and binding obligations of such Guarantor, enforceable against such Guarantor in accordance with the terms of the Indenture.

  

	8.	No consent or authorization of, approval by, notice to or filing with any United States Federal, New York State, (insofar as the DGCL or DLLCA is concerned) Delaware, (insofar as the CGCL is concerned) California or
(insofar as the NJBCA is concerned) New Jersey governmental authority is required under United States Federal or New York State law, the DGCL or DLLCA, the CGCL or the NJBCA to be obtained or made on or prior to the date hereof by the Company for
the execution and delivery by the Company and each of the Guarantors of the Purchase Agreement, the Registration Rights Agreement or the Notes, to the extent it is a party thereto, or the issuance and sale today by the Company and the Guarantors of
the Securities in accordance with the terms of the Purchase Agreement, the Indenture and the Registration Rights Agreement, except for any consents, authorizations, approvals, notices and filings that have been obtained or made and are in full force
and effect and those consents, authorizations, approvals, notices and filings that, individually or in the aggregate, if not made or obtained would not to our knowledge have a Material Adverse Effect; provided that we express no opinion in this
paragraph 8 with respect to United States Federal or state securities laws. 

  
 B-2 

	9.	The execution and delivery by the Company and each of the Guarantors of the Purchase Agreement, the Indenture, the Registration Rights Agreement and the Notes, to the extent it is a party thereto, did not, and the
issuance and sale today by the Company and the Guarantors of the Securities in accordance with the terms of the Purchase Agreement, the Indenture and the Registration Rights Agreement will not violate (a) the Company’s or such
Guarantor’s certificate of incorporation or formation or by-laws or other similar organizational document, as applicable, (b) any United States Federal or New York State law, rule or regulation applicable to the Company or such Guarantor,
or the DGCL or DLLCA, CGCL or NJBCA, (c) any existing judgment, order or decree known to us of any United States Federal, New York State, (insofar as the DGCL or DLLCA is concerned) Delaware, (insofar as the CGCL is concerned) California or
(insofar as the NJBCA is concerned) New Jersey court or other governmental authority binding upon the Company or such Guarantor or (d) any term or provision of any material agreement or instrument listed on Schedule B (the
“Material Contracts”); provided that we express no opinion in this paragraph 9 with respect to United States Federal or state securities laws. 

  

	10.	The Company or the Guarantors is not, and, on the date hereof after giving effect to the offering and sale of the Securities and the use of the proceeds therefrom in the manner contemplated by the Purchase Agreement and
the Final Memorandum, will not be, required to be registered as an “investment company,” as that term is defined in the Investment Company Act of 1940, as amended. 

 

	11.	The statements set forth in the Pricing Disclosure Package and the Final Memorandum (a) under the caption “Description of Notes,” insofar as such statements purport to summarize certain provisions of the
Indenture and the Securities and (b) under the caption “Exchange Offer; Registration Rights,” insofar as such statements purport to summarize certain provisions of the Registration Rights Agreement, are accurate in all material
respects. 

  

	12.	Subject to the assumptions, qualifications and limitations set forth in the Pricing Disclosure Package and the Final Memorandum, the statements of United States Federal income tax law under the heading “Certain
United States Federal Income Tax Considerations” in the Pricing Disclosure Package and the Final Memorandum, as they relate to the Securities, are accurate in all material respects. 

 

	13.	It is not necessary, in connection with the offer, sale and delivery of the Securities to the Initial Purchaser or in connection with the initial resale of the Securities by the Initial Purchaser to the subsequent
purchasers, in accordance with the Purchase Agreement and in the manner contemplated by the Purchase Agreement and the Final Memorandum, to register the Securities under the Securities Act of 1933, as amended. We express no opinion as to any
subsequent resale of any Security. 

  
 B-3 

 ANNEX C 

Form of Winston & Strawn, LLP Opinion 

[See Attached]. 

  
 C-1 

 November 24, 2014 

VIA FEDERAL EXPRESS 
 DEUTSCHE BANK SECURITIES
INC. 
 60 Wall Street 

        New York, New York 10005 

        Re: Opinion 

Dear Ladies and Gentlemen: 
 We have acted as
special counsel to Great Lakes Dredge & Dock Corporation, a Delaware corporation (the “Company”), in connection with (a) the issuance and sale of $25,000,000 in aggregate principal amount of the Company’s 7.375%
Senior Notes due 2019 (the “Notes”) that will be a further issuance of the $250,000,000 in aggregate principal amount of 7.375% Senior Notes due 2019 previously issued pursuant to that certain Indenture dated as of January 28,
2011, as supplemented by that certain First Supplemental Indenture dated as of May 6, 2011, that certain Second Supplemental Indenture dated as of January 15, 2013 and that certain Third Supplemental Indenture dated as of November 24,
2014 (as so supplemented, the “Indenture”), by and among the Company, the Guarantors (as defined below) and Wells Fargo Bank, National Association, as trustee (the “Trustee”), and sold to you pursuant to the
Purchase Agreement dated November 19, 2014 (the “Purchase Agreement”) by and among the Company, the Guarantors and Deutsche Bank Securities Inc., as the initial purchaser (“you” or the “Initial
Purchaser”), and (b) the preparation of the Purchase Agreement and the Registration Rights Agreement dated as of November 24, 2014 (the “Registration Rights Agreement”) by and among the Company, the Guarantors and
you. This opinion letter is delivered to you at the request of the Company pursuant to Section 7(a)(ii) of the Purchase Agreement. Capitalized terms used herein, but not otherwise defined herein, shall have the meanings ascribed to such
terms in the Purchase Agreement. 
 In rendering the opinions set forth herein, we have examined: (i) the Final Purchase Agreement;
(ii) the Preliminary Offering Memorandum dated November 19, 2014 (the “Preliminary Memorandum”); (iii) the final pricing supplement attached as Annex A to the Purchase Agreement (collectively with the Preliminary
Memorandum, the “Pricing Disclosure Package”); and (iv) the Final Offering Memorandum (the “Final Memorandum”). 

We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Company and such
agreements, certificates of public officials, certificates of officers or representatives of the Company and others, and such other agreements, documents, instruments, certificates and records, and such matters of law, as we have deemed necessary or
appropriate as a basis for the opinions set forth below. 
 In rendering the opinions expressed below, we have, with your consent, assumed
the legal capacity of all natural persons signing documents and that the signatures of persons signing all documents in connection with which this opinion letter is rendered are genuine, all 

  
 C-2 

 
documents submitted to us as originals or duplicate originals are authentic and all documents submitted to us as copies, whether certified or not, conform to authentic original documents. We
have, with your consent, also assumed and relied upon the accuracy and completeness of all certificates and other statements, documents, records, financial statements and papers reviewed by us, and the accuracy and completeness of all
representations, warranties, confirmations, schedules and exhibits contained in the Purchase Agreement, the Pricing Disclosure Package, and the Indenture, with respect to the factual matters set forth therein. 

In making our examination of documents executed by parties, we have assumed that: (1) such parties are duly organized, validly existing
and in good standing under the laws of all jurisdictions where they were organized and where they are conducting their businesses or otherwise required to be so qualified; (2) such parties have full power and authority to execute, deliver and
perform their respective obligations under such documents; (3) all such documents have been duly authorized by such parties; (4) all such documents have been duly executed and delivered by such parties; and (5) such documents
constitute the valid and binding obligations of each such party thereto, enforceable against each such party in accordance with their respective terms. 

As to any facts material to the opinions and beliefs expressed herein that we did not independently establish or verify, we have relied upon
oral or written statements and representations of officers and other representatives of the Company and others. 
 Except as expressly set
forth herein, we have not undertaken any independent investigation, examination or inquiry to determine the existence or absence of any facts (and have not caused the review of any court file or indices), and no inference as to our knowledge
concerning any facts should be drawn as a result of the limited representation undertaken by us. 
 Based upon the foregoing and subject to
the qualifications, limitations and comments stated herein, we are of the opinion that: 
  

	1.	The execution and delivery of the Purchase Agreement by the Company and the consummation of the transactions contemplated thereby by the Company do not violate the Dredging Act, the Jones Act, the Shipping Act of 1916,
the vessel documentation laws set forth in Chapter 121 of Title 46 of the United States Code, or government regulations issued pursuant to such Acts and laws (collectively, the “Maritime Laws”) applicable to the Company.

  

	2.	The statements in the Pricing Disclosure Package under the captions “Risk Factors,” “Competitive Strengths,” “Competition,” and “Government Regulations,” regarding the Jones Act
and the other Maritime Laws, insofar as such statements constitute summaries of the Maritime Laws, constitute an accurate summary of such matters described therein in all material respects. 

The opinions expressed herein are based upon and are limited to the Maritime Laws, and we express no opinion with respect to the laws of any
state or any other jurisdiction or political subdivision. 

  
 C-3 

 Our opinions set forth in this letter are based upon the facts in existence and laws in effect on
the date hereof, and we expressly disclaim any obligation to update our opinions herein, regardless of whether changes in such facts or laws come to our attention after the delivery hereof. 

This opinion letter is solely for the benefit of the addressee hereof in connection with the execution and delivery of the Purchase Agreement.
No attorney-client relationship exists or has existed by reason of our preparation, execution and delivery of this opinion letter to any addressee hereof or other person or entity except for the Company. In permitting reliance hereon by any person
or entity other than the Company, we are not acting as counsel for such other person or entity and have not assumed and are not assuming any responsibility to advise such other person or entity with respect to the adequacy of this opinion letter for
its purposes. This opinion letter may not be relied upon in any manner by any other person and may not be disclosed, quoted, filed with a governmental agency or otherwise referred to without our prior written consent. 

Sincerely, 

Winston & Strawn LLP 

  
 C-4Exhibit 10.1

 

SUBSCRIPTION AGREEMENT

 

THIS SUBSCRIPTION AGREEMENT
(this “Agreement”), is dated as of November 20, 2014, by and between GASE Energy, Inc. (formerly, Epsilon Corp.),
a Delaware corporation (“GASE” or the “Company”), and the subscribers identified on the signature
pages hereto (each a “Subscriber” and collectively, the “Subscribers”).

 

RECITALS:

 

WHEREAS, the Company
and the Subscribers are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded
by the provisions of Section 4(2), Section 4(6), Regulation D (“Regulation D”) and/or Regulation S (“Regulation
S”) as promulgated by the United States Securities and Exchange Commission (the “Commission”) under
the Securities Act of 1933, as amended (the “1933 Act”).

 

WHEREAS, Burnham
Securities, Inc. is acting as lead placement agent (“Placement Agent”), on a “best efforts” basis,
in a private offering (the “Offering”) in which the Subscribers agree to purchase and the Company agrees
to offer and sell up to 4,000,000 shares (the “Shares”) of the Company’s common stock, $0.0001 par value
per share (the “Common Stock”) at a per share price of $1.00 for aggregate gross proceeds of a minimum of $500,000
to a maximum of $4,000,000 (the “Purchase Price”). The Shares are hereinafter referred to as the “Purchased
Securities.” The Minimum Offering was completed on July 25, 2013.

 

WHEREAS, the Company
desires to enter into this Agreement to issue and sell the Purchased Securities and the Subscriber desires to purchase that number
of Purchased Securities set forth on the signature page hereto on the terms and conditions set forth herein.

 

AGREEMENT:

 

NOW, THEREFORE,
in consideration of the mutual covenants and other agreements contained in this Agreement, the Company and the Subscriber hereby
agree as follows:

 

1.            Purchase and Sale
of Shares. Subject to the satisfaction or waiver of the terms and conditions of this Agreement, on the Closing Date (as defined
below), each Subscriber shall purchase and the Company shall sell to each Subscriber the Purchased Securities for the portion of
the Purchase Price designated on the signature pages hereto.

 

2.            Closing. The
issuance and sale of the Purchased Securities shall occur on the closing date (the “Closing Date”), which shall
be the date that Subscriber funds representing the net amount due to the Company from the Purchase Price of the Offering is transmitted
by wire transfer or otherwise to or for the benefit of the Company. The consummation of the transactions contemplated herein (the
“Closing”) shall take place at the offices of Ofsink, LLC, 230 Park Avenue, Suite 851, New York, New York 10169
on such date and time as the Subscribers and the Company may agree upon; provided, that all of the conditions set forth
in Section 9 hereof and applicable to the Closing shall have been fulfilled or waived in accordance herewith. The Subscriber and
the Company acknowledge and agree that the Company may consummate the sale of additional Purchased Securities to the Subscribers,
on the terms set forth in this Agreement and the other Transaction Documents as defined herein, at more than one closing, each
of which shall be held no later than December 31, 2014 (each referred to herein as a “Closing”).

 

    	 

    	 

    

 

3.            Subscriber Representations,
Warranties and Covenants. The Subscriber hereby represents and warrants to and agrees with the Company that:

 

(a)            Organization
and Standing of the Subscriber. If such Subscriber is an entity, such Subscriber is a corporation, partnership or other entity
duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or
organization.

 

(b)            Authorization
and Power. Such Subscriber has the requisite power and authority to enter into and perform this Agreement and the other Transaction
Documents (as defined in Section 4(c)) and to purchase the Purchased Securities being sold to it hereunder. The execution, delivery
and performance of this Agreement and the other Transaction Documents by such Subscriber and the consummation by it of the transactions
contemplated hereby and thereby have been duly authorized by all necessary corporate or partnership action, and no further consent
or authorization of such Subscriber or its Board of Directors, stockholders, partners, members, as the case may be, is required.
This Agreement and the other Transaction Documents have been duly authorized, executed and delivered by such Subscriber and constitute,
or shall constitute when executed and delivered, a valid and binding obligation of such Subscriber enforceable against such Subscriber
in accordance with the terms thereof.

 

(c)            No Conflicts. The execution,
delivery and performance of this Agreement and the other Transaction Documents and the consummation by such Subscriber of the transactions
contemplated hereby and thereby or relating hereto do not and will not (i) result in a violation of such Subscriber’s charter
documents or bylaws or other organizational documents or (ii) conflict with, or constitute a default (or an event which with notice
or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or
cancellation of any agreement, indenture or instrument or obligation to which such Subscriber is a party or by which its properties
or assets are bound, or result in a violation of any law, rule, or regulation, or any order, judgment or decree of any court or
governmental agency applicable to such Subscriber or its properties (except for such conflicts, defaults and violations as would
not, individually or in the aggregate, have a material adverse effect on such Subscriber). Such Subscriber is not required to obtain
any consent, authorization or order of, or make any filing or registration with, any court or governmental agency in order for
it to execute, deliver or perform any of its obligations under this Agreement and the other Transaction Documents or to purchase
the Purchased Securities in accordance with the terms hereof, provided that for purposes of the representation made in this sentence,
such Subscriber is assuming and relying upon the accuracy of the relevant representations and agreements of the Company herein.

 

    	2

    	 

    

 

(d)            Acquisition for
Investment. The Subscriber is acquiring the Purchased Securities solely for its own account for the purpose of investment and
not with a view to or for resale in connection with a distribution. The Subscriber does not have a present intention to sell the
Purchased Securities, nor a present arrangement (whether or not legally binding) or intention to effect any distribution of the
Purchased Securities to or through any person or entity; provided, however, that by making the representations herein
and subject to Section 3(h) below, the Subscriber does not agree to hold the Purchased Securities for any minimum or other specific
term and reserves the right to dispose of the Purchased Securities at any time in accordance with Federal and state securities
laws applicable to such disposition. The Subscriber acknowledges that it is able to bear the financial risks associated with an
investment in the Purchased Securities and that it has been given full access to such records of the Company and the subsidiaries
and to the officers of the Company and the subsidiaries and received such information as it has deemed necessary or appropriate
to conduct its due diligence investigation and has sufficient knowledge and experience in investing in companies similar to the
Company in terms of the Company’s stage of development so as to be able to evaluate the risks and merits of its investment
in the Company. The Subscriber further acknowledges that the Subscriber understands the risks of investing in companies which operate
primarily in Ukraine and that the purchase of the Purchased Securities involves substantial risks including the Risk Factors annexed
hereto. The Subscriber has read and understands such risks and that such risks, and others, can result in the loss of the Subscriber’s
entire investment in the Purchased Securities.

 

(e)            Information
on Company. Such Subscriber has been furnished with or has had access to the EDGAR Website of the Commission and to the Company’s
Form 10-K filed on EDGAR on April 15, 2014 for the fiscal year ended December 31, 2013, together with all other filings made with
the Commission available at the EDGAR website (hereinafter referred to collectively as the “Reports”) and all
correspondence from the Commission to the Company including but not limited to the Commission’s comment letters relating
to the Company’s periodic filings with the Commission whether available at the EDGAR website or not. In addition, such Subscriber
has received in writing from the Company such other information concerning its operations, financial condition and other matters
as such Subscriber has requested in writing, identified thereon as OTHER WRITTEN INFORMATION (such other information is collectively,
the “Other Written Information”), and considered all factors such Subscriber deems material in deciding on
the advisability of investing in the Purchased Securities. Such Subscriber has relied on the Reports and Other Written Information
in making its investment decision.

 

(f)            Opportunities
for Additional Information. The Subscriber acknowledges that the Subscriber has had the opportunity to ask questions of and
receive answers from, or obtain additional information from, the executive officers of the Company concerning the financial and
other affairs of the Company.

 

(g)            Information on
Subscriber. If the Subscriber is a U.S. Person (as that term is defined in Section 3(o) of this Agreement), then such Subscriber
represents that the Subscriber is, and will be on the Closing Date, an “accredited investor”, as such term is
defined in Regulation D promulgated by the Commission under the 1933 Act, is experienced in investments and business matters, has
made investments of a speculative nature and has purchased securities of United States publicly-owned companies in private placements
in the past and, with its representatives, has such knowledge and experience in financial, tax and other business matters as to
enable such Subscriber to utilize the information made available by the Company to evaluate the merits and risks of and to make
an informed investment decision with respect to the proposed purchase, which represents a speculative investment. Such Subscriber
has the authority and is duly and legally qualified to purchase and own the Purchased Securities. Such Subscriber is able to bear
the risk of such investment for an indefinite period and to afford a complete loss thereof. The information set forth on the signature
page hereto regarding such Subscriber is accurate.

 

    	3

    	 

    

 

(h)            Compliance with
1933 Act. If a U.S. Person, such Subscriber understands and agrees that the Purchased Securities have not been registered under
the 1933 Act or any applicable state securities laws, by reason of their issuance in a transaction that does not require registration
under the 1933 Act (based in part on the accuracy of the representations and warranties of the Subscriber contained herein), and
that such Purchased Securities must be held indefinitely unless a subsequent disposition is registered under the 1933 Act or any
applicable state securities laws or is exempt from such registration. The Subscriber acknowledges that the Subscriber is familiar
with Rule 144 of the rules and regulations of the Commission, as amended, promulgated pursuant to the 1933 Act (“Rule
144”), and that such person has been advised that Rule 144 permits resales only under certain circumstances. The Subscriber
understands that to the extent that Rule 144 is not available, the Subscriber will be unable to sell any Purchased Securities without
either registration under the 1933 Act or the existence of another exemption from such registration requirement. In any event,
and subject to compliance with applicable securities laws, the Subscriber may enter into lawful hedging transactions in the course
of hedging the position they assume and the Subscriber may also enter into lawful short positions or other derivative transactions
relating to the Purchased Securities, and deliver the Purchased Securities, to close out their short or other positions or otherwise
settle other transactions, or loan or pledge the Purchased Securities, to third parties who in turn may dispose of these Purchased
Securities.

 

(i)            Purchased Securities
Legend. The Purchased Securities shall bear the following or similar legend:

 

“THE ISSUANCE AND SALE OF THE
PURCHASED SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, NOR
APPLICABLE STATE SECURITIES LAWS. THE PURCHASED SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE
OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE PURCHASED SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN
OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT OR PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT, OR OTHERWISE. NOTWITHSTANDING THE FOREGOING, THE PURCHASED
SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE PURCHASED
SECURITIES.”

 

(j)            Communication
of Offer. The offer to sell the Purchased Securities was directly communicated to such Subscriber by the Company. At no time
was such Subscriber presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement,
or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and
concurrently with such communicated offer.

 

    	4

    	 

    

 

(k)            Restricted Securities.
Such Subscriber understands that the Purchased Securities have not been registered under the 1933 Act and such Subscriber will
not sell, offer to sell, assign, pledge, hypothecate or otherwise transfer any of the Purchased Securities unless pursuant to an
effective registration statement under the 1933 Act, or unless an exemption from registration is available. Notwithstanding anything
to the contrary contained in this Agreement, such Subscriber may transfer (without restriction and without the need for an opinion
of counsel) the Purchased Securities to its Affiliates (as defined below) provided that each such Affiliate is an “accredited
investor” under Regulation D and such Affiliate agrees to be bound by the terms and conditions of this Agreement. For the
purposes of this Agreement, an “Affiliate” of any person or entity means any other person or entity directly
or indirectly controlling, controlled by or under direct or indirect common control with such person or entity. Affiliate includes
each Subsidiary of the Company. For purposes of this definition, “control” means the power to direct the management
and policies of such person or firm, directly or indirectly, whether through the ownership of voting securities, by contract or
otherwise.

 

(l)            No Governmental
Review. Such Subscriber understands that no United States federal or state agency or any other governmental or state agency
has passed on or made recommendations or endorsement of the Purchased Securities or the suitability of the investment in the Purchased
Securities nor have such authorities passed upon or endorsed the merits of the offering of the Purchased Securities.

 

(m)            Correctness of
Representations. Such Subscriber represents that the foregoing representations and warranties are true and correct as of the
date hereof and, unless such Subscriber otherwise notifies the Company prior to the Closing Date, shall be true and correct as
of the Closing Date. The Subscriber understands that the Purchased Securities are being offered and sold in reliance on a transactional
exemption from the registration requirement of Federal and state securities laws and the Company is relying upon the truth and
accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Subscriber set forth herein
in order to determine the applicability of such exemptions and the suitability of the Subscriber to acquire the Purchased Securities.

 

(n)            Short Sales and
Confidentiality. Other than the transaction contemplated hereunder, the Subscriber has not directly or indirectly, nor has
any person acting on behalf of or pursuant to any understanding with the Subscriber, executed any disposition, including short
sales (but not including the location and/or reservation of borrowable shares of Common Stock), in the securities of the Company
during the period commencing from the time that the Subscriber first received a term sheet from the Company or any other person
setting forth the material terms of the transactions contemplated hereunder until the date that the transactions contemplated by
this Agreement are first publicly announced. The Subscriber covenants that until such time as the transactions contemplated by
this Agreement are publicly disclosed by the Company, the Subscriber will maintain the confidentiality of all disclosures made
to it in connection with this transaction (including the existence and terms of this transaction).

 

    	5

    	 

    

 

(o)            Additional Representations,
Warranties and Covenants of Non-U.S. Persons.

 

(i)             The Subscriber understands
that the investment offered hereunder has not been registered under the 1933 Act.

 

(ii)           If the Subscriber
is not a “U.S. Person” (as defined below), the Subscriber agrees and acknowledges that it was not, a “U.S.
Person” at the time the Subscriber was offered the Purchased Securities and as of the date hereof:

 

		(A)	Any natural person resident in the United States;

		 	 

		(B)	Any partnership or corporation organized or incorporated
under the laws of the United States;

		 	 

		(C)	Any estate of which any executor or administrator is
a U.S. person;

		 	 

		(D)	Any trust of which any trustee is a U.S. person;

		 	 

		(E)	Any agency or branch of a foreign entity located in the
United States;

		 	 

		(F)	Any non-discretionary account or similar account (other
than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person;

		 	 

		(G)	Any discretionary account or similar account (other than
an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident of the United
States; and

		 	 

		(H)	Any partnership or corporation if (i) organized or incorporated
under the laws of any foreign jurisdiction and (ii) formed by a U.S. person principally for the purpose of investing in securities
not registered under the 1933 Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule
501(a) of Regulation D promulgated under the 1933 Act) who are not natural persons, estates or trusts.

 

“United States”
or “U.S.” means the United States of America, its territories and possessions, any State of the United States,
and the District of Columbia.

 

(iii)           The Subscriber understands
that no action has been or will be taken in any jurisdiction by the Company that would permit a public offering of the Purchased
Securities in any country or jurisdiction where action for that purpose is required.

  

    	6

    	 

    

 

(iv)          The Subscriber (i)
as of the execution date of this Agreement is not located within the United States, and (ii) is not purchasing the Purchased Securities
for the account or benefit of any U.S. Person, except in accordance with one or more available exemptions from the registration
requirements of the 1933 Act or in a transaction not subject thereto.

 

(v)           The Subscriber will
not resell the Purchased Securities except in accordance with the provisions of Regulation S (Rule 901 through 905 and Preliminary
Notes thereto), pursuant to a registration statement under the 1933 Act, or pursuant to an available exemption from registration;
and agrees not to engage in hedging transactions with regard to such securities unless in compliance with the 1933 Act.

 

(vi)          The Subscriber will
not engage in hedging transactions with regard to shares of the Company prior to the expiration of the distribution compliance
period specified in Category 2 or 3 (paragraph (b)(2) or (b)(3)) in Rule 903 of Regulation S, as applicable, unless in compliance
with the 1933 Act; and as applicable, shall include statements to the effect that the securities have not been registered under
the 1933 Act and may not be offered or sold in the United States or to U.S. persons (other than distributors) unless the securities
are registered under the 1933 Act, or an exemption from the registration requirements of the 1933 Act is available.

 

(vii)         No form of “directed
selling efforts” (as defined in Rule 902 of Regulation S under the 1933 Act), general solicitation or general advertising
in violation of the 1933 Act has been or will be used nor will any offers by means of any directed selling efforts in the United
States be made by the Subscriber or any of their representatives in connection with the offer and sale of the Purchased Securities.

 

4.            Company Representations
and Warranties. The Company represents and warrants to and agrees with each Subscriber that:

 

(a)            Due Incorporation.
The Company is a corporation or other entity duly incorporated or organized, validly existing and in good standing under the laws
of the jurisdiction of its incorporation or organization and has the requisite corporate power to own its properties and to carry
on its business as presently conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing
in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other
than those jurisdictions in which the failure to so qualify would not have a Material Adverse Effect. For purposes of this Agreement,
a “Material Adverse Effect” means any material adverse effect on the business, operations, properties, or financial
condition of the Company and its Subsidiaries individually, or in the aggregate and/or any condition, circumstance, or situation
that would prohibit or otherwise materially interfere with the ability of the Company to perform any of its obligations under this
Agreement in any material respect. For purposes of this Agreement, “Subsidiary” means, with respect to any entity
at any date, any corporation, limited or general partnership, limited liability company, trust, estate, association, joint venture
or other business entity of which more than 30% of (i) the outstanding capital stock having (in the absence of contingencies)
ordinary voting power to elect a majority of the board of directors or other managing body of such entity, (ii) in the case
of a partnership or limited liability company, the interest in the capital or profits of such partnership or limited liability
company or (iii) in the case of a trust, estate, association, joint venture or other entity, the beneficial interest in such
trust, estate, association or other entity business is, at the time of determination, owned or controlled directly or indirectly
through one or more intermediaries, by such entity. As of the Closing Date, all of the Company’s Subsidiaries and the Company’s
ownership interest therein are set forth on Schedule 4(a).

 

    	7

    	 

    

 

(b)            Outstanding Stock.
All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued
and are fully paid and non-assessable.

 

(c)            Authority; Enforceability.
This Agreement and any other agreements delivered together with this Agreement or in connection herewith (collectively, the “Transaction
Documents”) have been duly authorized, executed and delivered by the Company and are valid and binding agreements of
the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium and similar laws of general applicability relating to or affecting creditors’ rights generally and to general
principles of equity. The Company has full corporate power and authority necessary to enter into and deliver the Transaction Documents
and to perform its obligations thereunder.

 

(d)            Capitalization
and Additional Issuances. The authorized and outstanding capital stock of the Company and Subsidiaries on a fully diluted basis
as of the date of this Agreement and the Closing Date (not including the Purchased Securities) are set forth on Schedule 4(d).
Except as set forth on Schedule 4(d), there are no options, warrants, or rights to subscribe to, securities, rights, understandings
or obligations convertible into or exchangeable for or giving any right to subscribe for any shares of capital stock or other equity
interest of the Company or any of the Subsidiaries. The only officer, director, employee and consultant stock option or stock incentive
plan or similar plan currently in effect or contemplated by the Company is described on Schedule 4(d). There are no outstanding
agreements or preemptive or similar rights affecting the Company’s common stock.

 

(e)            Consents.
No consent, approval, authorization or order of any court, governmental agency or body or arbitrator having jurisdiction over the
Company, or any of its Affiliates, the Over The Counter Bulletin Board (the “Bulletin Board”) or the Company’s
stockholders is required for the execution by the Company of the Transaction Documents and compliance and performance by the Company
of its obligations under the Transaction Documents, including, without limitation, the issuance and sale of the Purchased Securities.
The Transaction Documents and the Company’s performance of its obligations thereunder have been unanimously approved by the
Company’s Board of Directors. No consent, approval, order or authorization of, or registration, qualification, designation,
declaration or filing with, any governmental authority in the world, including without limitation, the United States, or elsewhere
is required by the Company or any Affiliate of the Company in connection with the consummation of the transactions contemplated
by this Agreement, except as would not otherwise have a Material Adverse Effect or the consummation of any of the other agreements,
covenants or commitments of the Company or any Subsidiary contemplated by the other Transaction Documents. Any such qualifications
and filings will, in the case of qualifications, be effective on the Closing and will, in the case of filings, be made within the
time prescribed by law.

 

    	8

    	 

    

 

(f)            No Violation
or Conflict. Assuming the representations and warranties of the Subscriber in Section 3 are true and correct, neither the issuance
nor sale of the Purchased Securities nor the performance of the Company’s obligations under this Agreement and all other
Transaction Documents entered into by the Company relating thereto will:

 

(i)            violate, conflict
with, result in a breach of, or constitute a default (or an event which with the giving of notice or the lapse of time or both
would be reasonably likely to constitute a default) under (A) the articles or certificate of incorporation, charter or bylaws of
the Company, (B) to the Company’s knowledge, any decree, judgment, order, law, treaty, rule, regulation or determination
applicable to the Company of any court, governmental agency or body, or arbitrator having jurisdiction over the Company or over
the properties or assets of the Company or any of its Affiliates, (C) the terms of any bond, debenture, note or any other evidence
of indebtedness, or any agreement, stock option or other similar plan, indenture, lease, mortgage, deed of trust or other instrument
to which the Company or any of its Affiliates is a party, by which the Company or any of its Affiliates is bound, or to which any
of the properties of the Company or any of its Affiliates is subject, or (D) the terms of any “lock-up” or similar
provision of any underwriting or similar agreement to which the Company, or any of its Affiliates is a party except the violation,
conflict, breach, or default of which would not have a Material Adverse Effect; or

 

(ii)           result in the creation
or imposition of any lien, charge or encumbrance upon the Purchased Securities or any of the assets of the Company or any of its
Affiliates, except in favor of Subscriber as described herein; or

 

(iii)          result in the activation
of any anti-dilution rights or a reset or repricing of any debt, equity or security instrument of any creditor or equity holder
of the Company, or the holder of the right to receive any debt, equity or security instrument of the Company nor result in the
acceleration of the due date of any obligation of the Company; or

 

(iv)            result in the
triggering of any piggy-back or other registration rights of any person or entity holding securities of the Company or having the
right to receive securities of the Company.

 

(g)            The Purchased
Securities. The Purchased Securities upon issuance:

 

(i)            are, or will be, free
and clear of any security interests, liens, claims or other encumbrances, subject only to restrictions upon transfer under the
1933 Act and any applicable state securities laws;

 

(ii)            have been, or will
be, duly and validly authorized and on the date of issuance of the Purchased Securities, the Purchased Securities will be duly
and validly issued, fully paid and non-assessable;

 

(iii)           will not have been
issued or sold in violation of any preemptive or other similar rights of the holders of any securities of the Company or rights
to acquire securities of the Company; and

 

(iv)          will not subject
the holders thereof to personal liability by reason of being such holders.

 

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(h)            Litigation.
Except as disclosed in the Reports, there is no pending or, to the best knowledge of the Company, threatened action, suit, proceeding
or investigation before any court, governmental agency or body, or arbitrator having jurisdiction over the Company, or any of its
Affiliates that would affect the execution by the Company or the complete and timely performance by the Company of its obligations
under the Transaction Documents. There is no pending or, to the best knowledge of the Company, basis for or threatened action,
suit, proceeding or investigation before any court, governmental agency or body, or arbitrator having jurisdiction over the Company,
or any of its Affiliates which litigation if adversely determined would have a Material Adverse Effect.

 

(i)            No Market Manipulation.
The Company and its Affiliates have not taken, and will not take, directly or indirectly, any action designed to, or that might
reasonably be expected to, cause or result in stabilization or manipulation of the price of the Common Stock to facilitate the
sale or resale of the Purchased Securities or affect the price at which the Purchased Securities may be issued or resold.

 

(j)            Information Concerning
Company. The Reports contain all material information relating to the Company and its operations and financial condition as
of their respective dates which information is required to be disclosed therein. Since June 30, 2013 and except as modified in
the Reports or in the Schedules hereto, there has been no Material Adverse Effect relating to the Company’s business, financial
condition or affairs. The Reports, including the financial statements included therein do not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, taken
as a whole, not misleading in light of the circumstances and when made.

 

(k)            Defaults.
The Company is not in material violation of its articles of incorporation or bylaws. The Company is (i) not in default under or
in violation of any other material agreement or instrument to which it is a party or by which it or any of its properties are bound
or affected, which default or violation would have a Material Adverse Effect, (ii) not in default with respect to any order of
any court, arbitrator or governmental body or subject to or party to any order of any court or governmental authority arising out
of any action, suit or proceeding under any statute or other law respecting antitrust, monopoly, restraint of trade, unfair competition
or similar matters which default would have a Material Adverse Effect, or (iii) not in violation of any statute, rule or regulation
of any governmental authority which violation would have a Material Adverse Effect.

 

(l)            No Integrated
Offering. Neither the Company, nor any of its Affiliates, nor any person acting on its or their behalf, has directly or indirectly
made any offers or sales of any security of the Company nor solicited any offers to buy any security of the Company under circumstances
that would cause the offer of the Purchased Securities pursuant to this Agreement to be integrated with prior offerings by the
Company for purposes of the 1933 Act or any applicable stockholder approval provisions. No prior offering will impair the exemptions
relied upon in this Offering or the Company’s ability to timely comply with its obligations hereunder. Neither the Company
nor any of its Affiliates will take any action or steps that would cause the offer or issuance of the Purchased Securities to be
integrated with other offerings which would impair the exemptions relied upon in this Offering or the Company’s ability to
timely comply with its obligations hereunder. The Company will not conduct any offering other than the transactions contemplated
hereby that may be integrated with the offer or issuance of the Purchased Securities that would impair the exemptions relied upon
in this Offering or the Company’s ability to timely comply with its obligations hereunder.

 

    	10

    	 

    

 

(m)            No General Solicitation.
Neither the Company, nor any of its Affiliates, nor to its knowledge, any person acting on its or their behalf, has engaged in
any form of general solicitation or general advertising (within the meaning of Regulation D/Regulation S under the 1933 Act) in
connection with the offer or sale of the Purchased Securities.

 

(n)            No Undisclosed
Liabilities. Since December 31, 2013, except as disclosed in the Reports, the Company has no liabilities or obligations which
are material, individually or in the aggregate, other than those incurred in the ordinary course of the Company businesses since
December 31, 2013 and which, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect,
except as disclosed in the Reports or on Schedule 4(n).

 

(o)            No Undisclosed
Events or Circumstances. Since December 31, 2013, except as disclosed in the Reports, no event or circumstance has occurred
or exists with respect to the Company or its businesses, properties, operations or financial condition, that, under applicable
law, rule or regulation, requires public disclosure or announcement prior to the date hereof by the Company but which has not been
so publicly announced or disclosed in the Reports.

 

(p)            Dilution.
The Company’s executive officers and directors understand the nature of the Purchased Securities being sold hereby and recognize
that the issuance of the Purchased Securities will have a potential dilutive effect on the equity holdings of other holders of
the Company’s equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in
its good faith business judgment that the issuance of the Purchased Securities is in the best interests of the Company. The Company
specifically acknowledges that its obligation to issue the Purchased Securities is binding upon the Company and enforceable regardless
of the dilution such issuance may have on the ownership interests of other shareholders of the Company or parties entitled to receive
equity of the Company.

 

(q)            No Disagreements
with Accountants and Lawyers. There are no disagreements of any kind presently existing, or reasonably anticipated by the Company
to arise between the Company and the accountants and lawyers previously and presently employed by the Company, including, but not
limited to, disputes or conflicts over payment owed to such accountants and lawyers, nor have there been any such disagreements
during the two years prior to the Closing Date, in each case, that could cause a Material Adverse Effect.

 

(r)            Foreign
Corrupt Practices. Neither the Company, nor to the knowledge of the Company, any agent or other person acting on behalf of
the Company, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful
expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials
or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully
any contribution made by the Company (or made by any person acting on its behalf of which the Company is aware) which is in violation
of law, or (iv) violated in any material respect any provision of the Foreign Corrupt Practices Act of 1977, as amended.

 

    	11

    	 

    

 

(s)            Reporting Company.
The Company is a publicly-held company subject to reporting obligations pursuant to Section 13 of the Securities Exchange Act of
1934, as amended (the “1934 Act”). Pursuant to the provisions of the 1934 Act, the Company has timely filed
all reports and other materials required to be filed thereunder with the Commission during the preceding twelve months.

 

(t)            Listing.
The Company’s common stock is quoted on the Bulletin Board currently under the symbol “GASE.” The Company
has not received any oral or written notice that its common stock is not eligible nor will become ineligible for quotation on the
Bulletin Board nor that its common stock does not meet all requirements for the continuation of such quotation. The Company satisfies
all the requirements for the continued quotation of its common stock on the Bulletin Board.

 

(u)            Transfer Agent.
The name, address, telephone number, fax number, contact person and email address of the Company transfer agent is set forth on
Schedule 4(u) hereto.

 

(w)            Employees.
Neither the Company nor any Subsidiary has any collective bargaining arrangements or agreements covering any of its employees.
Neither the Company nor any Subsidiary has any employment contract, agreement regarding proprietary information, non-competition
agreement, non-solicitation agreement, confidentiality agreement, or any other similar contract or restrictive covenant, relating
to the right of any officer, employee or consultant to be employed or engaged by the Company or such Subsidiary required to be
disclosed with the Commission under the Securities Exchange Act of 1934, as amended (the “1934 Act”) on Form
8-K that is not so disclosed. To the knowledge of the Company, no officer, consultant or key employee of the Company or any Subsidiary
whose termination, either individually or in the aggregate, would have a Material Adverse Effect, has terminated or, to the knowledge
of the Company, has any present intention of terminating his or her employment or engagement with the Company or any Subsidiary.

 

(x)            Public Utility
Holding Company Act; Investment Company Act and U.S. Real Property Holding Corporation Status. The Company is not a “holding
company” or a “public utility company” as such terms are defined in the Public Utility Holding Company Act of
1935, as amended. The Company is not, and as a result of and immediately upon the Closing will not be, an “investment company”
or a company “controlled” by an “investment company,” within the meaning of the Investment Company Act
of 1940, as amended. The Company is not and has never been a U.S. real property holding corporation within the meaning of Section
897 of the Internal Revenue Code of 1986, as amended.

 

(y)             ERISA.
No liability to the Pension Benefit Guaranty Corporation has been incurred with respect to any Plan (as defined below) by the Company
or any of its Subsidiaries which is or would be materially adverse to the Company and its subsidiaries. The execution and delivery
of this Agreement and the other Transaction Documents and the issuance and sale of the Purchased Securities will not involve any
transaction which is subject to the prohibitions of Section 406 of ERISA or in connection with which a tax could be imposed pursuant
to Section 4975 of the Internal Revenue Code of 1986, as amended, provided, that, if any of the Subscribers, or any person or entity
that owns a beneficial interest in any of the Subscribers, is an “employee pension benefit plan” (within the meaning
of Section 3(2) of ERISA) with respect to which the Company is a “party in interest” (within the meaning of Section
3(14) of ERISA), the requirements of Sections 407(d)(5) and 408(e) of ERISA, if applicable, are met. As used in this Section 2.1(bb),
the term “Plan” shall mean an “employee pension benefit plan” (as defined in Section 3 of ERISA)
which is or has been established or maintained, or to which contributions are or have been made, by the Company or any Subsidiary
or by any trade or business, whether or not incorporated, which, together with the Company or any Subsidiary, is under common control,
as described in Section 414(b) or (c) of the Code.

 

    	12

    	 

    

 

(z)            Independent Nature
of Subscribers. The Company acknowledges that the obligations of each Subscriber under the Transaction Documents are several
and not joint with the obligations of any other Subscriber, and no Subscriber shall be responsible in any way for the performance
of the obligations of any other Subscriber under the Transaction Documents. The Company acknowledges that the decision of each
Subscriber to purchase securities pursuant to this Agreement has been made by such Subscriber independently of any other Subscriber
and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties,
liabilities, results of operations, condition (financial or otherwise) or prospects of the Company or of its Subsidiaries which
may have been made or given by any other Subscriber or by any agent or employee of any other Subscriber, and no Subscriber or any
of its agents or employees shall have any liability to any Subscriber (or any other person) relating to or arising from any such
information, materials, statements or opinions. The Company acknowledges that nothing contained herein, or in any Transaction Documents,
and no action taken by any Subscriber pursuant hereto or thereto, shall be deemed to constitute the Subscribers as a partnership,
an association, a joint venture or any other kind of entity, or create a presumption that the Subscribers are in any way acting
in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. The Company
acknowledges that each Subscriber shall be entitled to independently protect and enforce its rights, including without limitation,
the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other
Subscriber to be joined as an additional party in any proceeding for such purpose.

 

(aa)            OFAC. Neither
the Company nor any of its Subsidiaries nor, to the knowledge of the Company, any director, officer, agent, employee, Affiliate
or person acting on behalf of any of the Company or any of its Subsidiaries, is currently subject to any U.S. sanctions administered
by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly
or indirectly use the proceeds of the sale of the Purchased Securities, or lend, contribute or otherwise make available such proceeds
to any subsidiary of the Company, joint venture partner or other person or entity, towards any sales or operations in Cuba, Iran,
Syria, Sudan, Myanmar or any other country sanctioned by OFAC or for the purpose of financing the activities of any person currently
subject to any U.S. sanctions administered by OFAC.

  

(bb)            Money Laundering
Laws. The operations of each of the Company and its Subsidiaries are and have been conducted at all times in compliance with
the money laundering requirements of all applicable governmental authorities and any related or similar rules, regulations or guidelines,
issued, administered or enforced by any governmental authority (collectively, the “Money Laundering Laws”) and
no action, suit or proceeding by or before any court or governmental authority or any arbitrator involving any of the Company or
any of its Subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.

  

    	13

    	 

    

 

(cc)            Correctness
of Representations. The Company represents that the foregoing representations and warranties are true and correct as of the
date hereof in all material respects, and, unless the Company otherwise notifies the Subscribers prior to the Closing Date, shall
be true and correct in all material respects as of the Closing Date; provided, that, if such representation or warranty is made
as of a different date, in which case such representation or warranty shall be true as of such date.

 

(dd)            Survival.
The foregoing representations and warranties shall survive for a period of two years after the Closing Date.

 

(ee)            No Brokers.
Neither the Company nor any Subsidiary has taken any action which would give rise to any claim by any person for brokerage commissions,
finder’s fees or similar payments relating to this Agreement or the transactions contemplated hereby, except for dealings
with the Placement Agents, whose commissions and fees will be paid by the Company and except as set forth on Schedule 4(ee).

 

5.            Regulation D/Regulation
S Offering. The offer and issuance of the Purchased Securities to the Subscribers is being made pursuant to the exemption from
the registration provisions of the 1933 Act afforded by Section 4(2) or Section 4(6) of the 1933 Act or Rule 506 of Regulation
D and/or Regulation S promulgated thereunder.

 

6.            Covenants of the
Company. The Company covenants and agrees with the Subscribers as follows:

 

(a)            Stop Orders.
The Company will advise the Subscribers, within twenty-four hours after it receives notice of issuance by the Commission, any state
securities commission or any other regulatory authority of any stop order or of any order preventing or suspending any offering
of any securities of the Company, or of the suspension of the qualification of the common stock of the Company for offering or
sale in any jurisdiction, or the initiation of any proceeding for any such purpose. The Company will not issue any stop transfer
order or other order impeding the sale, resale or delivery of any of the Purchased Securities, except as may be required by any
applicable federal or state securities laws and unless contemporaneous notice of such instruction is given to the Subscribers.

 

(b)            Listing/Quotation.
The Company will maintain the quotation or listing of its common stock on the Nasdaq Capital Market, Nasdaq Global Market, Nasdaq
Global Select Market, Bulletin Board, OTCQB or New York Stock Exchange (whichever of the foregoing is at the time the principal
trading exchange or market for the common stock (the “Principal Market”), and will comply in all respects with
the Company’s reporting, filing and other obligations under the bylaws or rules of the Principal Market, as applicable, as
long as any Purchased Securities are outstanding.

 

(c)            Market Regulations.
If required, the Company shall notify the Commission, the Principal Market and applicable state authorities, in accordance with
their requirements, of the transactions contemplated by this Agreement, and shall take all other necessary action and proceedings
as may be required and permitted by applicable law, rule and regulation, for the legal and valid issuance of the Purchased Securities
to the Subscribers and promptly provide copies thereof to the Subscribers.

 

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(d)            Filing Requirements.
From the date of this Agreement and until the last to occur of (i) two (2) years after the final Closing Date, or (ii) the date
when the Purchased Securities can be resold or transferred by the Subscribers pursuant to Rule 144 (the date of such latest occurrence
being the “End Date”), the Company will comply in all respects with its reporting and filing obligations under
the 1934 Act. The Company will use its best efforts not to take any action or file any document (whether or not permitted by the
1933 Act or the 1934 Act or the rules thereunder) to terminate or suspend its reporting and filing obligations under said acts
until the End Date. Until all of the Purchased Securities are sold by the Subscriber, the Company will continue the listing or
quotation of the Common Stock on a Principal Market and will comply in all respects with the Company’s reporting, filing
and other obligations under the bylaws or rules of the Principal Market.

 

(e)            Use of Proceeds.
The proceeds of the Offering will be employed by the Company for expenses of the Offering, for the purposes set forth on Schedule
6(e) and general working capital. Except as described on Schedule 6(e), the Purchase Price may not and will not be used
for accrued and unpaid officer and director salaries, payment of financing related debt, redemption of outstanding notes or equity
instruments of the Company nor non-trade obligations outstanding on the Closing Date.

 

(f)            Taxes. The
Company will promptly pay and discharge, or cause to be paid and discharged, when due and payable, all lawful taxes, assessments
and governmental charges or levies imposed upon the income, profits, property or business of the Company; provided, however, that
any such tax, assessment, charge or levy need not be paid if the validity thereof shall currently be contested in good faith by
appropriate proceedings and if the Company shall have set aside on its books adequate reserves with respect thereto, and provided,
further, that the Company will pay all such taxes, assessments, charges or levies forthwith upon the commencement of proceedings
to foreclose any lien which may have attached as security therefore.

 

(g)            DTC Program.
The Company is a DTC FAST participant and will, for a period of at least two (2) years from the final Closing Date, employ as the
transfer agent for the Purchased Securities a participant in the Depository Trust Company Automated Securities Transfer Program
that is eligible to deliver shares via the Deposit Withdrawal Agent Commission System.

 

(h)            Books and Records.
The Company will keep true records and books of account in which full, true and correct entries will be made of all dealings or
transactions in relation to its business and affairs in accordance with generally accepted accounting principles applied on a consistent
basis.

 

(i)            Governmental
Authorities. The Company shall duly observe and conform in all material respects to all valid requirements of governmental
authorities relating to the conduct of its business or to its properties or assets.

 

(j)            Registration
Statements on Form S-8. Until twelve (12) months after the initial Closing Date, the Company will not, without the consent
of the Majority Holders, file with the United States Securities and Exchange Commission (the “SEC”) any registration
statements on Form S-8.

 

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7.            Indemnification.

 

(a)            In consideration
of each Investor's execution and delivery of the Transaction Documents and acquiring the Securities thereunder and in addition
to all of the Company's other obligations under the Transaction Documents, the Company shall defend, protect, indemnify and hold
harmless each Subscriber and each holder of any Purchased Securities and all of their stockholders, partners, members, officers,
directors, employees and direct or indirect investors and any of the foregoing Persons' agents or other representatives (including,
without limitation, those retained in connection with the transactions contemplated by this Agreement) (collectively, the "Indemnitees")
from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages,
and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification
hereunder is sought), and including reasonable attorneys' fees and disbursements (the "Indemnified Liabilities"),
incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation
or warranty made by the Company or any of its Subsidiaries in any of the Transaction Documents, (b) any breach of any covenant,
agreement or obligation of the Company or any of its Subsidiaries contained in any of the Transaction Documents or (c) any cause
of action, regulatory action, suit or claim brought or made against such Indemnitee by a third party (including for these purposes
a derivative action brought on behalf of the Company or any of its Subsidiaries or any cause of action, suit or claim filed by
another shareholder, whether presently a shareholder or not, of the Company) and arising out of, resulting from, or relating to
the execution, delivery, performance, enforcement, or act or omission of any Indemnitee relating to any rights or obligations arising
from or as a result of any Transaction Documents.

 

(b)            The Subscribers
agree to indemnify, hold harmless, and reimburse the Company, the Company's officers, directors, agents, Affiliates, members, managers,
control persons, and principal shareholders, against any claim, cost, expense, liability, obligation, loss or damage (including
reasonable legal fees) of any nature, incurred by or imposed upon them or any such person which results, arises out of or is based
upon liability that occurs as a result of an adjudication or finding by a court of competent jurisdiction of a material misrepresentation
by the Subscribers in this Agreement or in any Exhibits or Schedules attached hereto or in any Transaction Documents. Notwithstanding
the forgoing, in no event shall the liability of the Subscriber or permitted successor hereunder, or under any Transaction Documents
or other agreement delivered in connection herewith, exceed the Purchase Price paid by such Subscriber.

  

(c)            Each
person entitled to indemnification under this Section 7 (for the purpose of this Section 7(c) only, an "Indemnified Party")
shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section 7
(for the purpose of this Section 7(c) only, an "Indemnifying Party") of any action commenced against or by it in respect
of which indemnity may be sought hereunder, but failure to so notify an Indemnifying Party shall not release such Indemnifying
Party from any liability that it may have, otherwise than on account of this indemnity agreement so long as such failure shall
not have materially prejudiced the position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume
the defense of such action if it is a claim brought by a third party, and after such assumption the Indemnifying Party shall not
be entitled to reimbursement of any expenses incurred by it in connection with such action except as described below. In any such
action, any Indemnified Party shall have the right to retain its own counsel. The Indemnifying Party shall not be liable for any
settlement of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such
Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party
shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

 

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8.            Anti-dilution and
Purchase Rights.

 

(a)            Right of Participation.
For twelve months after the Closing, the Subscribers shall have the right to purchase up to 25% of the securities offered by the
Company in any subsequent offering (the “Follow-On Financing”) upon the same terms as offered to all other offerees.
The Subscribers shall be given not less than ten Business Days prior written notice (the “Notice of Sale”) of
any proposed Follow-On Financing and shall have the right during the ten Business Days following receipt of the Notice of Sale
to purchase the securities offered in the Follow-On Financing.

 

(b)            Anti-Dilution
Adjustment. Other than in connection with Excepted Issuances (as such term is defined in the last sentence of this Section
8(b)), if within twelve months following the initial Closing of the sale of Shares in the Offering, the Company shall issue without
the consent of the Majority Holders any Common Stock or securities convertible into or exercisable for shares of Common Stock (or
modify the conversion or exercise price of any of the foregoing which may be outstanding) to any person or entity at a price per
share which shall be less than 100% of the price per share of the Shares purchased by such Subscriber (including any issuances
of securities in connection with the closing of a registered primary offering of any securities of the Company in any jurisdiction),
subject to adjustment for stock dividends, subdivisions and combinations (the “Lower Price Issuance”), then
the Company shall issue, for each such occasion, additional shares of Common Stock to the Subscriber respecting the Purchased Securities
that are then still owned by the Subscriber at the time of the Lower Price Issuance so that the average per share purchase price
of the Purchased Securities owned by the Subscriber on the date of the Lower Price Issuance plus such additional shares issued
to Subscriber pursuant to this Section 8(b) is equal to such other lower price per share. The delivery to Subscriber of the additional
shares of Common Stock shall be not later than the 5 Business Days after the closing date of the transaction giving rise to the
requirement to issue additional shares of Common Stock. For purposes of the issuance and adjustment described in this Section 8(b),
in the case of the issuance of securities convertible into or exercisable for shares of Common Stock, the price per share shall
be deemed to be the quotient obtained by dividing (i) the sum of (A) the price paid for such derivative security plus (B) the aggregate
amount of consideration to be paid upon conversion or exercise price of such security for the maximum number of shares for which
the derivative security may be converted or exercised, by (ii) the total number of shares of common stock issuable upon conversion
or exercise price of such security for the maximum number of shares for which the derivative security may be converted or exercised.
The adjustment described in this Section 8(b) shall be made immediately upon the earlier of (x) the issuance of the derivative
security or (y) the Company entering into an agreement to issue the derivative security, in each case at a price lower than the
price per Share in the Offering (which price is subject to adjustment for stock dividends, subdivisions and combinations), but
such adjustment shall not be made again upon any issuance of shares of Common Stock upon conversion of such derivative security.
Any Common Stock or derivative security issued or issuable by the Company for no consideration or for consideration that cannot
be determined at the time of issuance will be deemed issuable or to have been issued for $0.01 per share of Common Stock. The rights
of Subscriber set forth in this Section 8 are in addition to any other rights the Subscriber has pursuant to this Agreement, any
Transaction Documents, and any other agreement referred to or entered into in connection herewith or to which Subscriber and Company
are parties. For purposes hereof, “Excepted Issuances” means the (i) Company’s issuances of securities
comprising the full or partial consideration in connection with a strategic merger, acquisition, consolidation or purchase of substantially
all of the securities or assets of a corporation or other entity that has been approved by a majority of disinterested directors
of the Company and in which holders of such securities or debt are not at any time granted registration rights, (ii) the Company’s
issuance of securities in connection with strategic license agreements and other partnering arrangements so long as such issuances
are not for the purpose of raising capital and which holders of such securities or debt are not at any time granted registration
rights, (iii) the Company’s issuance of common stock or its issuances or grants of options to purchase common stock to employees,
directors, and officers of the Company pursuant to any stock or option plan duly adopted for such purpose, by a majority of the
non-employee members of the Board of Directors or a majority of the members of a committee of non-employee directors established
for such purpose, and (iv) the Company’s issuances of securities upon the exercise or exchange of or conversion of any securities
exercisable or exchangeable for or convertible into shares of common stock issued and outstanding on the date of this Agreement,
provided that such securities have not been amended since the date of this Agreement to increase the number of such securities
or to decrease the exercise price, exchange price or conversion price of such securities.

 

    	17

    	 

    

 

9.            Closing Conditions.

 

(a)            The obligation hereunder
of the Subscriber to acquire and pay for the Purchased Securities is subject to the satisfaction or waiver, at or before the Closing,
of each of the conditions set forth below. These conditions are for the Subscriber’s sole benefit and may be waived by the
Subscriber at any time in its sole discretion.

 

(i)            The representations
and warranties of the Company contained in this Agreement shall have been true and correct on the date of this Agreement and shall
be true and correct on the Closing Date as if given on and as of the Closing Date (except for representations given as of a specific
date, which representations shall be true and correct as of such date), and on or before the Closing Date the Company shall have
performed all covenants and agreements of the Company contained herein or in any of the other Transaction Documents required to
be performed by the Company on or before the Closing Date;

 

(ii)            The Transaction Documents
have been duly executed and delivered by the Company to the Subscriber;

  

(b)            The obligation hereunder
of the Company to issue and sell the Purchased Securities to the Subscriber is subject to the satisfaction or waiver, at or before
the Closing, of each of the conditions set forth below. These conditions are for the Company’s sole benefit and may be waived
by the Company at any time in its sole discretion.

 

    	18

    	 

    

 

(i)            The representations
and warranties of the Subscriber in this Agreement and each of the other Transaction Documents to which the Subscriber is a party
shall be true and correct in all material respects as of the date when made and as of the Closing Date as though made at that time,
except for representations and warranties that are expressly made as of a particular date, which shall be true and correct in all
material respects as of such date;

 

(ii)            The Purchase Price
for the Purchased Securities has been delivered to the Company; and

 

(iii) The Transaction Documents
to which the Subscriber is a party have been duly executed and delivered by the Subscriber to the Company.

 

10.            Miscellaneous.

 

(a)            Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a Business Day during normal business hours where such notice is to
be received), or the first Business Day following such delivery (if delivered other than on a Business Day during normal business
hours where such notice is to be received) or (b) on the second Business Day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for
such communications shall be:

 

If to the Company, to:

 

GASE Energy, Inc.

Attn: Chairman

173 Keith Street,
Suite 300

Warrenton, VA
20186 USA

Facsimile: (540)
347-2291

  

With a copy by fax only to
(which copy shall not constitute notice):

  

Ofsink, LLC

230 Park Avenue, Suite 851

New York, New York 10169 USA

Attn: Darren L. Ofsink, Esq.

Facsimile:  (212) 224-9844

  

If to the Subscribers:

  

    	19

    	 

    

 

To each of the addresses
and facsimile numbers listed on the signature pages of this Agreement

 

(b)            Entire Agreement;
Amendment. This Agreement and the other Transaction Documents contain the entire understanding and agreement of the parties
with respect to the matters covered hereby and, except as specifically set forth herein or in the Transaction Documents, neither
the Company nor any of the Subscribers makes any representations, warranty, covenant or undertaking with respect to such matters
and they supersede all prior understandings and agreements with respect to said subject matter, all of which are merged herein.
No provision of this Agreement nor any of the Transaction Documents may be waived or amended other than by a written instrument
signed by the Company and the holders of at least fifty one percent (51%) of the total number of Shares purchased in the Offering
and then held by the holders (the “Majority Holders”), and no provision hereof may be waived other than by a
written instrument signed by the Majority Holders. No such amendment shall be effective to the extent that it applies to less than
all of the holders of the Shares then outstanding. No consideration shall be offered or paid to any person to amend or consent
to a waiver or modification of any provision of any of the Transaction Documents unless the same consideration is also offered
to all of the parties to the Transaction Documents or holders of Purchased Shares, as the case may be.

 

(c)            Counterparts/Execution.
This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts,
each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.
This Agreement may be executed by facsimile transmission, PDF, electronic signature or other similar electronic means with the
same force and effect as if such signature page were an original thereof.

 

(d)            Law Governing
this Agreement; Arbitration. This Agreement shall be governed by and construed in accordance with the laws of the State of
New York without regard to principles of conflicts of laws. Any controversy or claim arising out of or relating to this contract,
or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association in accordance with
its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction
thereof. The parties undertake to keep confidential all awards and orders in their arbitration, together with all materials in
the proceedings created for the purpose of the arbitration and all other documents produced by another party in the proceedings
not otherwise in the public domain – save and to the extent that disclosure may be required of a party by legal duty, including
any reporting obligations of the Company under the Securities Exchange Act of 1934, as amended, to protect or pursue a legal right
or to enforce or challenge an award in bona fide legal proceedings before a state court or other judicial authority.

 

(f)            Damages.
In the event the Subscriber is entitled to receive any liquidated damages pursuant to the Transaction Documents, the Subscriber
may elect to receive the greater of actual damages or such liquidated damages.

 

(g)            Maximum Payments.
Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed to establish
or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law. In the event
that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted by such law,
any payments in excess of such maximum shall be credited against amounts owed by the Company to the Subscriber and thus refunded
to the Company.

 

    	20

    	 

    

 

(h)            Calendar
Days and Business Days. All references to “days” in the Transaction Documents shall mean calendar days unless
otherwise stated. The term “Business Day” shall mean days that the New York Stock Exchange is open for trading for
three or more hours. Time periods shall be determined as if the relevant action, calculation or time period were occurring in
New York City. Any deadline that falls on a non-Business Day in any of the Transaction Documents shall be automatically extended
to the next Business Day and interest, if any, shall be calculated and payable through such extended period.

 

(i)            Captions: Certain Definitions.
The captions of the various sections and paragraphs of this Agreement have been inserted only for the purposes of convenience;
such captions are not a part of this Agreement and shall not be deemed in any manner to modify, explain, enlarge or restrict any
of the provisions of this Agreement. As used in this Agreement the term “person” shall mean and include an individual,
a partnership, a joint venture, a corporation, a limited liability company, a trust, an unincorporated organization and a government
or any department or agency thereof.

 

(j)            Severability.
In the event that any term or provision of this Agreement shall be finally determined to be superseded, invalid, illegal or otherwise
unenforceable pursuant to applicable law by an authority having jurisdiction and venue, that determination shall not impair or
otherwise affect the validity, legality or enforceability: (i) by or before that authority of the remaining terms and provisions
of this Agreement, which shall be enforced as if the unenforceable term or provision were deleted, or (ii) by or before any other
authority of any of the terms and provisions of this Agreement.

 

[Signature Pages Follow]

 

 

    	21

    	 

    

 

SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT

 

Please acknowledge your
acceptance of the foregoing Subscription Agreement with GASE Energy, Inc. by signing and returning a copy to the Company whereupon
it shall become a binding agreement.

 

	NUMBER OF SHARES	 	x $1.00 =	 	(the “Purchase Price”)

 

		 		 
	Signature	 	Signature (if purchasing
    jointly)	 
	 	 	 	 
	Name Typed or Printed	 	Name Typed or Printed	 
		 		 
	Entity Name	 	Entity Name	 
		 		 
	Address	 	Address	 
		 		 
	City, State and Zip Code/Country	 	City, State and Zip Code/Country	 
		 		 
	Telephone - Business	 	Telephone – Business	 
		 		 
	Telephone – Residence	 	Telephone – Residence	 
		 		 
	Facsimile – Business	 	Facsimile – Business	 
	 	 	 	 
	Facsimile – Residence	 	Facsimile – Residence	 
	 	 	 	 
	Tax ID # or Social Security
    #	 	Tax ID # or Social Security
    #	 

 

Name in which securities should be
issued:    ______________________

 

Dated: ____________________, 2014

 

    	22

    	 

    

 

This Subscription Agreement
is agreed to and accepted as of November 20, 2014.

  

	 	GASE ENERGY,
    INC.
	 	 	 
	 	By:	
	 	Name: Michael Doron
	 	Title: Chairman

  

 

23

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