Document:

Master Purchase and Licensing Agreement

 Exhibit 10.3 
 Execution Version 
 MASTER PURCHASE AND LICENSING AGREEMENT

 BETWEEN 
 INTEGRATED ENVIRONMENTAL TECHNOLOGIES LLC 
 AND 

FULCRUM BIOENERGY, INC. 
 This Master Purchase and Licensing Agreement (this “Agreement” or “Contract”) is made effective as of April 1, 2008, (“Effective
Date”) and is by and between Integrated Environmental Technologies LLC, a New York limited liability company having its principal place of business at 1935 Butler Loop, Richland, WA 99354 (“Seller” or
“IET”) and Fulcrum BioEnergy, Inc., a Delaware corporation with offices at 4900 Hopyard Road, Suite 220, Pleasanton, CA 94588 (“Fulcrum”). Seller and Fulcrum are sometimes referred to in this Agreement
individually as a “Party” or collectively as the “Parties.” 
 RECITALS

 Whereas, Seller is the exclusive manufacturer of the Plasma Enhanced MelterTM or PEMTM system, which incorporates
Seller’s proprietary technologies; 
 Whereas, Fulcrum is engaged in the business of building and owning facilities
(individually, a “Facility” and collectively, the “Facilities”) for converting waste materials into syngas and liquid fuels; 
 Whereas, Fulcrum intends to form a special purpose project company in order to develop, construct, finance, own and operate each Facility (such companies being referred to individually as an
“Owner” and collectively as the “Owners”); 
 Whereas, Fulcrum desires certain
Owners to purchase from Seller Model G500P PEMTM (“PEMTM”) systems for processing waste at such Owners’ Facilities into syngas, as described in more detail below; 

Whereas, in order to carry out the purchase and sale of each individual Core System (defined below) as contemplated hereby, Seller and an
individual Owner designated by Fulcrum shall enter into a Purchase Order Contract (each, a “PO” or a “Purchase Order”, and collectively, the “POs” or “Purchase
Orders”), in accordance with the terms and conditions of this Agreement, provided that Seller and Fulcrum each acknowledge that the PO for the first Core System subject to this Agreement will have certain material different provisions
regarding performance guarantees, warranty, cost, schedule, or other commitments; 
 Whereas, in addition to such purchases by
Owners, Fulcrum or its predecessors and IET have, since January 1, 2007, engaged in, and, subject to the terms and conditions of Articles 10 and 17 of this Agreement, Fulcrum and IET desire to continue to, engage in collaborative research,
development and information sharing directed toward the invention, authorship or discovery of certain proposed new technologies related to offgas cleaning systems for the project commonly 

  
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referred to as Storey County (the “Offgas Collaboration”) and may from time to time thereafter desire to further collaborate on under the terms and conditions of Article
10 on additional, new technologies for Storey County or other projects (the “Additional Collaboration”) or otherwise engage in such other discussions, due diligence or services as the Parties may agree under this Agreement
from time to time, the “MPLA Activities”). 
 AGREEMENT 

Now, therefore, in consideration of the foregoing, the mutual covenants and agreements set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
  

	1.	Agreement to Purchase and Sell; Quantity 

 (a) Purchase of Core Systems. Fulcrum agrees to purchase (or to cause Owners to purchase) from Seller, and Seller agrees to sell to Fulcrum (or Owners), G500P PEMTM Systems and related
equipment and materials (the “Equipment”), in the quantity and subject to the terms and conditions set forth in this Contract and each PO. The Equipment is more fully described in Exhibit A to this
Contract, which is incorporated by reference as if fully set forth herein. Individual packages of Equipment consisting of two G500P PEMTM Systems are sometimes referred to herein as a “Core System.” 

 (b) Number of Core Systems Subject to Contract. Subject to all terms and conditions of this Agreement, Seller
agrees to sell to Fulcrum (or Owners) up to 50 Core Systems, up to 20 of which Fulcrum may designate to be licensed to use both Non-Hazardous Materials and MSW as feedstock, and the remainder of which will be licensed to use only Non-Hazardous
Materials excluding MSW as feedstock. Each Core System purchased under this Contract shall be installed and used only in the Territory. 
 (c) Certain Definitions. For purposes of this Agreement, the following definitions apply: 
 (i) The term “Municipal Solid Waste” or “MSW” includes any material that originates from residential sources in any material amount. 

(ii) The term “Non-Hazardous Materials” or “NHM” includes any material that does not
contain “Municipal Solid Waste,” “Medical Waste” or “Hazardous Waste” in any material amount. 

(iii) The term “Hazardous Waste” includes (i) any material defined as “hazardous waste” under 40
C.F.R. Part 261; (ii) any material defined as hazardous waste, dangerous waste, toxic waste or similar terms under state laws implementing the federal Resource Conservation and Recovery Act, other applicable state law or that is otherwise
regulated by state law in a manner similar to hazardous waste; and (iii) any material that would be included in subsections (i) or (ii) of this paragraph if it were disposed as waste. 

(iv) The term “Medical Waste” includes waste generated by medical facilities, pharmaceutical manufactures, and
pharmaceutical reverse distributors and waste regulated as 

  
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medical, biomedical, biohazardous, or pharmaceutical waste by applicable federal or state law. 
 (v) The term “Territory” means the United States of America and Canada. 
 (d) Minimum Purchase of Ten Core Systems. Fulcrum agrees to purchase (or cause Owners to purchase) at least ten Core Systems from Seller, and the purchase of Core Systems from and after the initial
ten Core Systems shall be in Fulcrum’s discretion, although such purchases shall be in accordance with the terms and conditions of this Contract and the POs. 
 (e) Medical Waste License. The Parties acknowledge that pursuant to Section 1.9 of the Purchase Agreement, dated as of the Effective Date, between Fulcrum Sierra BioFuels, LLC, IMS Nevada LLC
and Seller (the “Purchase Agreement”), Fulcrum’s affiliate, Fulcrum Sierra BioFuels, LLC, has the right within thirty (30) days following execution thereof to elect to accept assignment of the Medical Waste
Processing Agreement (as defined in the Purchase Agreement) from InEnTec Medical Services California, LLC. If Fulcrum Sierra BioFuels, LLC notifies Seller, in writing, of its election to accept assignment of such agreement within such period, then
this Agreement shall automatically, and without further action by the Parties, be amended to include Medical Waste for the 50 Core Systems identified in Section 1(b) and to allow Fulcrum and each Owner to license from Seller under the POs Core
Systems to process Medical Waste. 
 (f) Purchase Orders. The Parties shall use all reasonable efforts to complete and
execute the POs for Core Systems #1 through #3 within twenty one (21) days following the Effective Date. 
  

	2.	Limitations on Owner’s Purchase of Equipment 

 (a) Execution of Purchase Orders. Fulcrum acknowledges that its Owners’ continuing rights to purchase Core Systems hereunder and pursuant to POs shall at all times be governed by and
contingent upon Fulcrum’s compliance with each and every term of this Contract in all material respects and shall be at all times governed by and contingent upon the execution of, and Fulcrum’s, or Owners’, as applicable, compliance
with, the terms of a PO in all material respects for each specific Core System. Each PO shall contain licensing related provisions based on the terms set forth in Exhibit B attached hereto and each PO shall become effective only when filled
in and signed by both parties thereto. If an Owner enters into a PO such Owner shall be considered to be the party holding title to the PEM Equipment components of the Core System and the licensee of the IET Technology components therein, and shall
be responsible for complying with the terms and conditions of the PO and this Agreement to the extent incorporated therein. Fulcrum and each such Owner shall enter into inter-company or other licensing agreements as well as invention assignment or
related agreements as are reasonably necessary to effect Owner and IET’s IP Rights under each PO. Each PO shall specify the allowed categories of feedstock and the location of the Equipment subject to the individual PO. 

(b) Licensing Provisions. Fulcrum further acknowledges that the licensing provisions contained in each PO shall be subject to all
of the terms and conditions set forth in such PO. 
  

	3.	Due Diligence, Information Rights and PDU Tests. 

 (a) Due Diligence. Within ten (10) days following the Effective Date, Seller will use its 

  
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commercially reasonable efforts provide to Fulcrum the information described on Exhibit F, in form reasonably satisfactory to Fulcrum. 

(b) Information Rights. Fulcrum shall have the continuing right to request and review information regarding the Core Systems or to
any matter referenced herein, and Seller shall at all times reasonably cooperate with Fulcrum’s requests relating thereto, which requested information may include process engineering reviews and descriptions, operating parameters and boundary
conditions, utility requirements, heat and materials balances, process flow diagrams, equipment specifications and outline of drawings, equipment arrangement diagrams for the Core Systems, and estimates of core process equipment. 

(c) Seller’s Rights in Information. Seller shall retain all right, title and interest in and to any and all data, drawings,
information, designs, products, ideas and other materials or information provided to Fulcrum pursuant to Section 3, and Seller’s provision of the same shall not be deemed to grant any right or license to Fulcrum in or to any such
data, drawings, information, designs, products, ideas and other materials or information. Fulcrum shall keep any and all information provided by Seller pursuant to this Section 3 strictly confidential in accordance with the requirements
of Section 17 of this Agreement and such information shall be considered to be Confidential Information under that Section. 
 (d) PDU Test. Seller shall perform a Process Demonstration Unit Test in accordance with and subject to the provisions of Exhibit E. 

 

	4.	Purchase Price 

 Each PO shall
include provisions consistent with the following, as appropriate: 
 (a) Pricing Generally. Subject to Sections
4(c) and 4(d) hereof, in consideration for the purchase and sale of the Core System under each PO and the license of the technology subject to each PO, Owner agrees to pay to Seller, for each Core System purchased thereunder, a total
amount (the “Purchase Price”) equal to the following: 
 (1) Seller’s Reimbursable Costs (defined
below) with respect to such Core System, plus 
 (2) [***] Dollars $[***] as profit for each Core System (the
“Core System Fee”), plus 
 (3) [***] Dollars $[***] as a license fee for each such Core System
(the “License Fee”). 
 For purposes of this Agreement, the term “Seller’s Reimbursable
Costs” with respect to each Core System shall mean all of Seller’s actual costs directly related to each Core System, including but not limited to costs to engineer, procure, manufacture, insure, ship, shakedown, and Start-Up such
Core System, in each case incurred on or after the date of execution (except for inventory items) of the PO for such Core System through and including the date set forth in each PO. Costs incurred by Seller (i) after the initial Performance
Test to cause the Core System to meet the Performance 

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

 
Guarantee applicable to such Core System or (ii) in connection with fulfilling IET’s warranty obligations, in each case as set forth in any applicable PO, shall not be a
“Seller’s Reimbursable Cost.” For each PO, the amounts of Seller’s Reimbursable Costs and the invoicing thereof shall be subject to the terms and conditions of the Reimbursable Costs Schedule attached hereto as Exhibit C,
the applicable provisions of which shall be incorporated into each PO. 
 (b) Escalation. The Core System Fee and the
License Fee set forth in Section 4(a) hereof shall be fixed for each Core System for which a PO is executed by an Owner and initial payment is received by Seller during the initial twelve-month period following the Effective Date. Such
twelve-month period, and each twelve-month period thereafter commencing on the anniversary of the Effective Date, is referred to herein as a “Contract Year.” For all Contract Years from and after the first Contract Year, the
Core System Fee and the License Fee shall increase by an amount equal to three percent (3%) of the then-current Core System Fee and License Fee as of the commencement of each such Contract Year, and shall remain in effect for each Core System
for which a PO is executed by Fulcrum and initial payment is received by Seller during such Contract Year. 
 (c) No Core
System Fee for Core System #1. Notwithstanding anything to the contrary herein, for a Core System to be located at the Storey County Project, the Purchase Price shall not include the Core System Fee component, and Fulcrum (and the applicable
Owner) shall have no obligation to pay Seller the Core System Fee for such Core System. 
 (d) Most Favored Customer
Pricing. If at any time during the term hereof, Seller sells to any third party purchaser who is not affiliated with Seller a Core System for a G500P for use to process any feedstock permitted to be licensed hereunder in the Territory, and such
transaction is substantially similar to the transactions contemplated by this Agreement, except for a lower combined Core System Fee and License Fee, Seller shall promptly notify Fulcrum in writing of such sale or license terms with the third party
purchaser and shall adjust the applicable prices payable by Owners for all Purchase Orders for which both the Purchase Order is signed and a notice to proceed is issued within six months after the date of the contract with the third party. For
purposes of this paragraph, a transaction will be considered substantially similar to the transactions contemplated by this Agreement only if the transaction is structured as a cost plus fixed fee contract for a Core System and does not provide
Seller with any other material, bona fide non-monetary consideration (such as royalties or equity rights) in addition to the fixed fee. If Seller commences sales of its Equipment in a transaction structured as a fixed price contract, then Fulcrum
shall have the right to enter into future POs on a fixed price basis consistent with most favored customer pricing terms set forth in this Section 4(d). This Section 4(d) shall cease to be effective after Fulcrum’s execution of
the twenty fifth (25th) PO. 
  

	5.	Payment Schedule 

 Each PO shall
include provisions consistent with the following, as appropriate: 
 (a) Payment Schedule for First PO and Core System #1

 (i) First Payment. Concurrent with execution of this Agreement, Fulcrum shall pay to Seller a non-refundable payment
of $[***] to be applied towards the License Fee for Core 

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

 
System #1. 
 (ii) Second Payment. Upon the execution of the first
PO, Fulcrum or an Owner shall pay to Seller a non-refundable payment in the amount of $[***] to be applied to the License Fee for Core System #1. 
 (iii) Third Payment. Upon the issuance of a notice to proceed for Core System #1, Fulcrum or Owner shall pay to Seller a non-refundable payment in the amount of $[***] to be applied to
Seller’s Reimbursable Costs for Core System #1. Such payment for Seller’s Reimbursable Costs shall be held and applied by Seller strictly in accordance with the first PO. 

(iv) Balance of Seller’s Reimbursable Costs for Core System #1. Owner shall pay the balance of Seller’s Reimbursable
Costs under the first PO for Core System #1 in accordance with the first PO against receipt of invoices from Seller. 
 (b)
Payment Schedule for Core Systems #2 and #3 
 (i) Issuance of Purchase Order. For each of Core System #2 and #3,
upon the earliest of (x) issuance of a notice to proceed for such system under the applicable PO, (y) closing of project finance or other financial funding of the Storey County Project, or (z) 180 days from the Effective Date (the
date the earliest to occur under (x), (y) or (z), the “Payment Date”), Fulcrum shall pay Seller a non-refundable payment in the amount of $[***] per Core System (for a total of $[***]) to be applied towards the License
Fee for each of Core System #2 and Core System #3. 
 (ii) Letter of Credit. Concurrent with, or within five
(5) business days after, execution of this Contract, Fulcrum shall provide Seller with an irrevocable standby letter of credit in the amount of $5,000,000, in a form provided by the applicant’s bank which is reasonably acceptable to
Seller, to secure Fulcrum’s obligation to make the payment described in Section 5(b)(i) on the Payment Date. If, following the Payment Date, Seller has provided written notice to Fulcrum of its failure to make such payment and
Fulcrum has not cured such failure within five (5) days after receipt thereof, then Seller may draw on such letter of credit upon the execution of a draw certificate containing the conditions set forth on Exhibit G, if and only if Seller
can certify to the matters specified therein. Seller shall return the letter of credit to Fulcrum as soon as reasonably practicable but no later than three (3) business days following the earlier to occur of (x) a termination of this
Agreement for any reason other than a default by Fulcrum and (y) Fulcrum’s payment of the License Fees in accordance with Section 5(b)(i). All amounts received by Seller under the letter of credit shall be treated as
non-refundable payments to be applied toward the License Fees for Core System #2 and Core System #3. 
 (iii) Issuance of
Notice to Proceed. Upon issuance of a written notice to proceed with fabrication of each of Core System #2 and Core System #3 (which may or may not be issued simultaneously with issuance of the Purchase Order), Owner will pay Seller: (i) a
non-refundable payment in the amount of $[***] per Core System to be applied towards Seller’s Reimbursable Costs in accordance with the applicable PO, plus (ii) a non-refundable payment of $[***] to be applied to the Core System Fee for
such Core System. 

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

 (iv) Balance of Seller’s Reimbursable Costs. Owner shall pay to Seller the
balance of Seller’s Reimbursable Costs for each such Core System in accordance with the applicable PO as and when invoiced by Seller. 
 (v) Core System Fee Payment upon Delivery. Upon delivery of all Equipment comprising each Core System, the applicable Owner shall pay to Seller a non-refundable payment of $[***] to be applied to
the Core System Fee for each such Core System. 
 (vi) Completion. Upon Completion for each such Core System, the
applicable Owner shall pay to Seller a non-refundable payment of $[***] to be applied to the balance of Seller’s Core System Fee for such Core System. 
 (b) Payment Schedule for Additional Core Systems 
 (i) Issuance of
Purchase Order. Upon execution of a Purchase Order for additional Core Systems (after Core Systems #1, #2, and #3), the applicable Owner will pay Seller a non-refundable payment in the amount of $[***] to be applied towards the License Fee for
such Core System. 
 (ii) Issuance of Notice to Proceed. Upon issuance of a written notice to proceed with fabrication of
each Core System (which may or may not be issued simultaneously with execution of the Purchase Order), Owner will pay Seller: (i) a non-refundable payment in the amount of $[***] to be applied towards Seller’s Reimbursable Costs in
accordance with the applicable PO, plus (ii) a non-refundable payment of $[***] to be applied to the balance of the License Fee for such Core System. 
 (iii) Balance of Seller’s Reimbursable Costs. Owner shall pay to Seller the balance of Seller’s Reimbursable Costs for each such Core System in accordance with the applicable PO as and
when invoiced by Seller. 
 (iv) Core System Fee Payment upon Delivery. Upon delivery of all Equipment comprising each
Core System, the applicable Owner shall pay to Seller a non-refundable payment of $[***] to be applied to the Core System Fee for each such Core System. 
 (v) Completion. Upon Completion for each such Core System, the applicable Owner shall pay to Seller a non-refundable payment of $[***] to be applied to the balance of Seller’s Core System Fee
for such Core System. 

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

	6.	Invoicing 

 (a)
Taxes and Tariffs. Fulcrum and/or the Owner under an applicable PO shall be responsible for paying all sales, use and similar taxes and tariffs of any kind (including, without limitation, local, state, province, federal, or national)
applicable to the sale, delivery and transfer of a Core System under the applicable PO. All such amounts will either be paid directly by Fulcrum and/or the Owner to applicable taxing authorities, or paid by Seller and reimbursed by Fulcrum and/or
the Owner. It is the duty of Fulcrum and/or the Owner to establish exemption to any taxes, tariffs, duties or fees and to fully indemnify Seller if such information is incorrect. 

(b) Invoices. Except as may otherwise be provided in a PO, Seller will provide an Owner with periodic invoices for amounts due
under a PO, and Owner shall pay such invoices by wire transfer within thirty (30) days of receipt of such invoice. Where this Contract requires payment “upon” the happening of a specified event, such payment shall be made by Fulcrum
or Owner with 24 hours of such event occurring without receiving an invoice from Seller. 
 (c) Bank Accounts. Payments
from Fulcrum or Owners to Seller shall be made by wire transfer to an account designated by Seller from time to time. Seller may change the instructions or account for payment by giving advance notice to Owner. 

(d) Late Payments. Late payments under this Contract and each PO shall bear interest at the lesser of the maximum rate permitted
by law or one and one half percent (1.5%) per month from the original due date to the date of payment. 
 (e) Nature of
Payments. Each PO shall contain provisions specifying the rights and obligation of the Parties upon an early termination of the PO, including specifying those payments that are non-refundable, applicable termination charges in the event of a
termination for convenience by an Owner, the relative rights of the Parties in respect of any unfinished Core System covered by such PO, and related provisions. For the avoidance of doubt, the description of any payment made hereunder as being
“non-refundable” is not intended to limit any rights to damages that the payor may have against the payee in the event of the default by the payee hereunder. 
 (f) Suspension. If an Owner fails to make any required payment at the time required by a PO, then Seller may, as its sole discretion, suspend performance of any of its obligations under such PO
from the time such payment is required until such payment is made. 
 (g) Purchase Money Security Interest. In each PO,
the Owner shall grant to Seller a first priority purchase money security interest in the Equipment purchased under such PO to secure Owner’s payment obligations under such PO. Owner shall cooperate with Seller to execute and file such
documentation as may be necessary or advisable to evidence such security interest. 
  

	7.	Specifications and Manuals  

 (a) Equipment Specifications. Under each PO, after receiving a notice to proceed from Owner (the date of such receipt by Seller is the “Fabrication Start Date”), Seller
shall at such time as may be agreed in the PO provide Fulcrum or Owner with summary specifications related to 

  
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installation of the Equipment, including, for example: (i) Equipment layout, weight, and dimensions, (ii) equipment utility requirements, (iii) location of connection points, and
(iv) other information that may be needed by Owner. Such period may be extended as mutually agreed to by the parties in any PO prior to the first shipment of Equipment with respect to such Core System to an Owner. Owner shall provide Seller
with all information that may affect Seller’s summary specifications within seven days, or such other time as may be agree in the PO, from the Fabrication Start Date, including the location of Owner’s Facility and the planned feedstocks.

 (b) Design Materials. Under each PO, at a time as set forth in the PO, Seller shall use its commercially reasonable
efforts to provide the Owner under such PO Process Flow Diagrams, Heat and Material Balances, Process and Instrument Diagrams, Utility Flow Diagrams, Line Lists, Equipment Lists, Material Specifications, Instrument Specification and Loop Diagrams,
Insulation Specifications, Structural Drawings and Foundation Requirements, Piping Drawings, Equipment Mechanical Drawings, Programming for Programmable Controllers and all boundary conditions for interfaces with other parts of Owner’s Facility
for the Core Systems purchased under such PO. 
 (c) Installation Manual. Under each PO, Seller shall provide Owner with
a Supervisory Installation Manual to guide Owner and Owner’s contractors in the installation of Equipment (the “Installation Manuals”) provided by Seller no later than four (4) weeks prior to the first major
shipment of Equipment to Owner’s Facility or such other time as may specified in the PO. Such Manual may be provided in installments if the Equipment is shipped in installments. Seller may from time to time provide reasonable updates to such
manual at its discretion. 
 (d) Operating and Maintenance Manuals. Under each PO, Seller shall provide Owner with
Operating and Maintenance Manuals for Equipment provided by Seller (“Operating and Maintenance Manuals”) no later than 30 days prior to the last shipment of Equipment to Owner. The Operating and Maintenance Manuals provide
specifications for the Equipment provided by Seller and its operation and maintenance. Within 90 days after the completion of the Performance Tests, Seller shall update the Operating and Maintenance Manuals with as-built information showing the
applicable Core System with all changes made by Seller through the date of the successful Performance Test. 
 (e)
Confidentiality. All materials that Seller provides to Owners pursuant to the foregoing shall be considered “PEM Documentation” and “Confidential Information” within the meaning of the applicable PO. 

 

	8.	Seller’s Technical and Support Services 

 (a) General Support. Seller shall provide reasonable support for supervisory assistance with installation and Start-Up of the Equipment. Owners shall provide Seller with reasonable and free access
to Facilities and all activity logs for the purpose of monitoring and/or inspecting Equipment throughout the period of construction, installation, commissioning, and Start-Up. Subject to the provisions of each PO, all time and/or costs incurred by
Seller undertaking the activities described in the paragraph shall be part of Seller’s Reimbursable Costs, which shall be paid by Owner. 
 (b) Support Following Completion. Following Completion of each Core System, Seller shall provide, and Owner shall allow and pay for as a Seller’s Reimbursable Cost, one Seller

  
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technical employee to support commencement of commercial operations and operation of each Core System for 12 months for each of Core Systems #1, #2 and #3, and for six months for each subsequent
Core System, unless otherwise mutually agreed in writing by the Parties. Amounts paid by such Owner as a Seller’s Reimbursable Cost for the services described in this Section 8(b) shall include a twenty percent (20%) mark-up in
addition to any mark-ups and multipliers already included in Seller’s Reimbursable Costs. 
  

	9.	Permits and Compliance with Laws 

 (a) Facility Permits. Each Owner shall be responsible to obtain all permits, licenses and other regulatory approvals associated with its Facility and/or with construction and operation of the
Facility. 
 (b) Compliance with Law. Each Owner shall comply with all applicable laws, codes, ordinances, regulations,
insurances requirements, and policies applicable to, or in effect at, its Facility. Such compliance is each Owner’s sole responsibility, and subject to the terms and provisions of each PO, any penalties or citations levied against Owner for
failure to so comply levied by any local, state, or federal authorities shall be at such Owner’s sole cost and expense. 
  

	10.	Intellectual Property Rights under this Agreement. 

 (a) KBR Materials and the Offgas Collaboration. Within fifteen (15) business days of the Effective Date, the Parties shall agree, under a separate definitive written agreement, to specific
terms and conditions governing their rights and obligations, including with respect to IP Rights, in connection with the Offgas Collaboration including, without limitation, Fulcrum’s disclosure or license to IET of certain Fulcrum Technology
commonly referred to by the Parties as the KBR pre-FEED package. 
 (b) Additional Collaborations. If mutually agreed, the parties may
conduct Additional Collaborations under this Agreement. All IP Rights, and confidentiality obligations for Additional Collaborations shall be as set forth in one or more separate, mutually agreed amendments, supplements, schedules or Exhibits to
this Agreement. 
 (c) Ownership of IP Rights; License Grant in MPLA Activities. 

(i) IET’s Ownership; Fulcrum’s License. As between Fulcrum and IET under this Agreement, IET is and shall be the sole
and exclusive owner of all IP Rights in and to the IET Technology whether or not used in or contributed to the MPLA Activities. No ownership of the IET Technology or the IP Rights in and to the IET Technology are transferred to Fulcrum except that,
subject to the terms and conditions of this Agreement, IET hereby grants to Fulcrum a limited, revocable license under IET’s IP Rights to use that portion of the IET Technology actually provided to Fulcrum for the sole purpose of performing the
specific, mutually agreed tasks necessary to complete each of the MPLA Activities. In no event shall this license be deemed to grant Fulcrum any rights not expressly provided herein including, without limitation, any right to make, use or sell IET
Technology. 
 (ii) Fulcrum’s Ownership. As between Fulcrum and IET under this Agreement Fulcrum

  
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is and shall be the sole and exclusive owner of all IP Rights in and to the Fulcrum Technology whether or not used in or contributed to the MPLA Activities. No ownership of the Fulcrum
Technology or the IP Rights in and to the Fulcrum Technology are transferred to IET. 
 (iii) Term and Termination of
Licenses. Each license granted hereunder shall continue in effect for so long as required to achieve the Party’s mutually agreed goals under each of the MPLA Activities or until earlier terminated. If either Party materially breaches its
obligations under Section 10(g) and/or Article 17, infringes or misappropriates the other Party’s Proprietary Materials or IP Rights, including by exceeding the authorized scope of license, the non-breaching Party may provide the other
Party with a written notice specifying the nature of the breach. The breaching Party shall have thirty (30) days to cure from receipt of notice. If not cured within such period, the non-breaching Party may terminate this Agreement and all
license rights granted to the breaching Party, by providing a second written notice of immediate termination. Immediately upon expiration or termination of a license, the breaching Party shall cease use of and immediately return all copies and
embodiments of the other’s Confidential Information and Proprietary Materials then in its possession or under its reasonable control. 

(d) Derivative Works, Improvement Patents and New Materials. During the term of this Agreement, the Parties may develop, author, invent, create
and/or conceive, either solely or jointly with others: (i) Derivative Works; and/or (ii) Improvements of the IET System or Fulcrum Technology; as well as (iii) brand new Proprietary Materials that are not Derivative Works or
Improvements of either the PEM System or Fulcrum Technology (the “New Materials”). The Parties’ respective ownership in and to such Derivative Works, Improvements and New Materials shall be as set forth below in this
Article. 
 (1) Ownership of Derivative Works. Each Party owns and shall continue to own all IP Rights in and to the
Derivative Works of their respective Proprietary Materials, by whomever made, as if originally authored, created or conceived by such Party except as described below with respect to Joint Materials. 

(2) Ownership of New Materials. If either Party develops, authors, invents, creates and/or conceives any New Materials without
assistance or contribution from the other Party, then unless otherwise set forth in this Agreement, all IP Rights in and to those New Materials shall be owned solely and exclusively by the developing Party except as described below with respect to
Joint Materials. 
 (e) Ownership of Improvements; Grant-back Licenses. 

(i) IET Improvements to Fulcrum Technology. 
 (1) Ownership. If in the course of each of the MPLA Activities, IET invents, discovers or conceives any Improvement to the Fulcrum Technology (the “IET Improvements to Fulcrum
Technology”), all such IET Improvements to Fulcrum Technology and all IP Rights in and to them shall be owned by Fulcrum. IET shall assign, and hereby perpetually and irrevocably assigns to Fulcrum, all such right, title and interest in
and to the IET Improvements to Fulcrum Technology. Fulcrum shall be solely responsible for maintaining such IET Improvements to Fulcrum Technology. 

  
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 (2) Grant-back License. Without in any way limiting Fulcrum’s ownership
hereunder, unless restricted by Fulcrum’s third party licensors, Fulcrum shall grant and hereby grants to IET, and IET only, a fully paid-up, enterprise-wide, royalty-free, worldwide, perpetual, non-exclusive, sublicense-able through multiple
tiers, license under Fulcrum’s IP Rights to use the IET Improvements to Fulcrum Technology in the field of bioenergy and gasification. The license rights granted in the previous sentence shall be: (x) non-transferable except in connection
with a sale, merger, or reorganization involving substantially all of IET’s assets related to IET’s business, and (y) shall be “AS-IS” without warranty of any type, except that Fulcrum hereby warrants that it has full power
and authority to grant the applicable license(s). 
 (ii) Fulcrum Improvements to IET Technology. 

(1) Ownership. The Parties recognize that as a result of obligations created under this Agreement Fulcrum will gain substantial
access and understanding of IET Equipment and IET Technology. Therefore, if Fulcrum invents, discovers or conceives any Improvement to the IET Technology (the “Fulcrum Improvements to IET Technology”), all such Fulcrum
Improvements to IET Technology and all IP Rights in and to them shall be owned by IET. Fulcrum shall assign, and hereby perpetually and irrevocably assigns to IET, all such right, title and interest in and to the Fulcrum Improvements to IET
Technology. IET shall be solely responsible for maintaining such Fulcrum Improvements to IET Technology. 
 (2) Grant-back
License. Without in any way limiting IET’s ownership hereunder, IET shall grant and hereby grants to Owner, a fully paid-up, royalty-free, worldwide, perpetual, non-exclusive, non-assignable but sublicense-able through multiple tiers,
license under IET’s IP Rights to use the Fulcrum Improvements to IET Technology at any Facility for any purpose related to the field of bioenergy. The license rights granted in the previous sentence shall be: (i) non-transferable except in
connection with a sale or merger involving all or substantially all of the Facility or the controlling portion of Owner’s shares or other interests in the Facility, and (ii) without in any way limiting the warranties provided by IET under
the Agreement with respect to the underlying IET System components on which the Fulcrum Improvements to IET Technology licensed hereunder may be based, shall be “AS-IS” without warranty of any type, except that IET hereby warrants that it
has full power and authority to grant the applicable license(s). 
 (iii) Further Assurances. Each Party (the
“Notifying Party”) shall notify the other Party of any Improvements developed by the Notifying Party which would, under the terms of this Article 3, be owned by the other Party. Such notice shall be provided as soon as
reasonably possible following development by the Notifying Party. Notifying Party further acknowledges and agrees that, in the event the other Party decides to file patent applications on such Improvements or to file registrations for any other IP
Rights on such Improvements, Notifying Party shall cooperate with the filing Party in the preparation of any and all such patent applications or other IP Rights applications, and the execution of any and all assignments or other documents, necessary
in connection with obtaining such patent or other IP Rights protection in the name of other Party anywhere in the world. In addition, the parties shall document all Joint Materials in a cooperatively prepared invention report describing such Joint
Materials in sufficient detail so as to allow the Party with Filing Responsibility (as defined below) to fulfill its obligations under Section 10(f)(ii). 

  
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 (f) Development of Joint Materials. 

(i) Ownership. If during the term of this Agreement, Fulcrum and IET (including the employees, consultants and contractors of each
Party) working jointly together invent, discover or conceive any New Materials, Derivative Works or Improvements (collectively, the “Joint Materials”) then all such Joint Materials and all IP Rights in and to them shall be
owned jointly and equally by the Parties and the Parties shall cooperate with each other as described in this Section in preparing, filing and prosecuting all IP Rights in and to the Joint Materials and in the maintenance of any such IP Rights.

 (ii) Filing Responsibility; Notices. IET shall have the first right, but not the obligation, to assume responsibility
for the preparation, filing prosecution and maintenance of all IP Rights in or to the Joint Materials (“Filing Responsibility”). If IET declines Filing Responsibility, then IET shall provide Fulcrum with written notice
thereof no later than sixty (60) days prior to the first applicable statutory bar date or other deadline for filing, registering or otherwise protecting the IP Rights for the Joint Materials. Within twenty (20) business days of receipt of
such notice from IET, Fulcrum shall provide IET with written notice confirming Fulcrum’s assumption of Filing Responsibility or declining same. If Fulcrum so declines, IET shall have the right, but not the obligation, to resume Filing
Responsibility. 
 (iii) Costs; Non-Filing Party’s Rights and Obligations. In all events, the Party assuming Filing
Responsibility shall provide, and shall direct its counsel to provide, the other Party (the “Non-Filing Party”) with copies of all such applications and all correspondence with all applicable offices and authorities
(including any official actions and proposed responses thereto) prior to any applicable filing deadline, and shall give the Non-Filing Party a reasonable period of time in which to provide comments and input on such applications and responses. The
costs and expenses incurred by the Party assuming Filing Responsibility, as well as any other reasonable, documented costs associated with protection of the Joint Materials, shall be shared equally by the Parties. If the Non-Filing Party declines to
share in the costs and expenses of Filing Responsibility, then the Non-Filing Party shall and hereby does, upon the written request of the Party assuming Filing Responsibility, assign to the Party having Filing Responsibility all right, title and
interest, including all IP Rights, in and to the Joint Materials in question. 
 (g) Restriction On Reverse Engineering. 

(i) Certain features of the design and fabrication of the IET Equipment are proprietary trade secrets owned by IET, the disclosure of
which could have a material, adverse effect on IET’s opportunities and advantages in the marketplace. The designs, dimensions, materials of construction, software and circuit configurations and other features of the IET Equipment and its
sub-components shall remain the exclusive property of the IET under the terms of this Agreement, subject only to the limited licenses provided herein, and Fulcrum agrees to take all reasonable precautions necessary to maintain the proprietary and
trade secret status of the designs, dimensions, materials of construction, including without limitation, software and circuit configurations. 
 (ii) Notwithstanding any other provision in this Agreement that may appear to the contrary, Fulcrum agrees not to disassemble, decompile the object code form of IET Software, analyze the

  
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materials of construction, or otherwise reverse engineer, the IET Equipment or any of its sub-components provided herein, or to allow any third party to disassemble, decompile IET Software
pertaining to, analyze the materials of construction of, or otherwise reverse engineer, the IET Equipment or any of its sub-components provided herein. 
 (iii) Fulcrum shall not modify or otherwise alter the IET Equipment without the prior written consent of IET, at IET’s express direction (if subsequently confirmed in writing) and/or as necessary by
Fulcrum to perform routine or emergency maintenance. 
 (h) Definitions. 

Any capitalized term used but not defined this Article 10 in the Section in which they first appear, shall have the meaning ascribed to
it below. 
 (i) “Derivative Works” has the meaning ascribed to it in Title 17 U.S.C., but in all events
shall apply to additions, changes, or other statutorily specified new material appearing for the first time in the applicable item or work hereunder. 
 (ii) “Fulcrum Technology” means all Proprietary Materials: (1) owned, developed or licensed by or on behalf of Fulcrum prior to the Effective Date; (2) owned, developed
or licensed by or on behalf of Fulcrum subsequent to the Effective Date but independent of and separate from the Agreement or this Agreement; and/or (3) invented, developed or discovered by Fulcrum or Owner, acting alone or with others, and
which are owned by Fulcrum pursuant to Articles 2 and 3 of this Agreement. As used hereunder, but without limiting Fulcrum’s IP Rights thereto outside of this Agreement, in no case will “Fulcrum Technology” be construed to include gas
to liquid conversion technology, nor shall Fulcrum be required to deliver to IET, via license or otherwise, any of Fulcrum’s inventions, discoveries and/or works of authorship (whether or not patentable, published, reduced to practice or
recorded in a medium) related to gas to liquid conversion technology or trade secrets know-how, methods, processes or formulae related thereto. In addition, in no event shall IET Technology or Improvements to IET Technology be included in
“Fulcrum Technology”. 
 (iii) “Improvements” means any patentable invention or discovery that
is reduced to practice, whether or not it is actually patented, during the term of this Agreement and which constitutes a modification, enhancement, customization, adaptation, addition to or change in any process, method or system that is already
patented by or covered by the subject matter of, or the claims under a patent pending, applied for or issued to the applicable Party at any time during the term of this Agreement. 

(iv) “IP Rights” means all intellectual property rights throughout the world, whether existing under statute or
at common law or equity, now or hereafter in force or recognized, including but not limited to: (1) copyrights, trade secrets, trademarks, patents, inventions, designs and trade dress, “moral rights,” mask works, publicity rights,
privacy rights and any other intellectual property and proprietary rights; and (2) any application or right to apply for any of the rights referred to in clause “(1)” and any and all renewals, extensions and restorations thereof.

 (vi) “IET Documentation” means written and electronic user manuals, technical

  
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documentation, guides and reference materials related to IET Equipment or IET Technology, and all the input, processing and output detail for each material feature and function of the IET
Equipment and IET Technology and shall further include descriptions of procedures, operations, maintenance and continuous improvement management as would allow Fulcrum’s employees and contractors to operate and maintain the IET Equipment and
IET Technology. 
 (vii) “IET Equipment” means equipment that IET provides to Fulcrum under this
Agreement, including the IET reactor and thermal residence chamber, partial oxidation gasifer and all related controls, power supplies, metals and vitrate recovery equipment embodying, and into which IET has embedded all or portions of, the IET
Technology, all as more specifically identified on an itemized, component-by-component basis by name and model number in this Agreement. 
 (viii) “IET Method” means, to the extent already described in IET’s patent claims or otherwise reduced to writing in the IET Specification or IET Documentation, methods,
processes and techniques for: (1) converting organic materials into carbon monoxide, hydrogen and carbon dioxide (syngas) utilizing plasma heating, joule heating, and/or combinations of plasma and joule heating; and (2) configuring
equipment and machinery for use in connection with the foregoing. 
 (ix) “IET Specification” means
written and electronic materials describing and documenting the operating parameters, boundary conditions, utility requirements, heat and materials balances and other technical and operations specifications and procedures for siting, configuration,
use, and operation of the IET System and shall further include schematics, workflows, diagrams and descriptions as would allow Fulcrum’s employees and contractors to operate and maintain the IET System. 

(x) “IET Software” means all runtime and non-runtime machine-readable, executable object code, human readable
source code, commented source code, and other computer formatting, programming or scripting code together with all prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, screen displays, user-interfaces, creative
content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae related to the foregoing related to the operation, use and enjoyment of the IET Equipment. 

(xi) “IET System” means the IET Technology and IET Equipment, collectively. 

(xii) “IET Technology” means, the IET Equipment, IET Method, IET Software, IET Documentation, IET Specifications
and all Proprietary Materials related to, necessary for or useful in the operation, use and enjoyment of the IET Equipment by authorized purchasers. 
 (xiii) “Proprietary Materials” means all of the following to the extent not already covered by the definition of the IET System or Fulcrum Technology: 

(1) all inventions and discoveries, other than Improvements, whether or not patentable, reduced to practice or recorded in a medium
together with all prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae, manuals, guides and reference materials
embodying any of the foregoing in any form or medium; 

  
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 (2) all logos, brand names, Internet domain names, trade dress, trade names, assumed names,
fictitious names and all graphics, words, symbols or other tangible materials designed or intended to identify Fulcrum, an Owner, IET or either of their third party licensors as the source of goods or services; 

(3) all published and unpublished works of authorship, other than Derivative Works, together with all prototypes, models, designs,
business plans, files, templates, libraries, tools, graphics, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae, manuals, guides and reference materials embodying any of the foregoing in any form or
medium; 
 (4) all tangible materials, data, information, reports and technologies and all intangible ideas, know-how, concepts,
methods, techniques, practices, procedures, rules and processes, together with all prototypes, models, designs, business plans, files, templates libraries, tools, graphics, creative content, schematics, drawings, flowcharts, diagrams,
specifications, algorithms, formulae, manuals, guides and reference materials embodying any of the foregoing in any form or medium; and 
 (5) all runtime and non-runtime machine-readable, executable object code, human readable source code, commented source code, and other computer formatting, programming or scripting code together with all
prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, screen displays, user-interfaces, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms and formulae related to the
foregoing. 
  

	11.	Owner Inspection Rights 

 Except as specified below, Owner may inspect the Equipment during manufacture at the point of manufacture with proper escort provided by Seller. This includes inspection for proper fit-up, material
specifications and mill records, stress relief procedures and records, welding procedures, welder qualification records, welds and radiography fastening, code compliance records and inspection reports, electrical code compliance and inspection
reports for the State in which Owner will install the Core System, surface preparation, painting and insulation both before and after cure, tests of control systems, pressure tests and general overall manufacturing quality. Owner shall provide
Seller with at least seven days notice of any intended inspections. Seller will obtain inspection rights at its vendors’ or contractors’ locations, but such rights are subject to any limitations imposed by such vendors or contractors. The
forgoing inspection rights do not apply to any aspect of refractory manufacture or installation, except that Owner shall be entitled to inspect the preparation of the surface of the vessel to receive the refractory, the metal clips on such vessel,
and refractory after final installation of the refractory materials. 
  

	12.	Shipping; Title to Equipment; Risk of Loss 

 Each PO shall include provisions consistent with the following, as appropriate: 

(a) Generally. Each PO shall contain a procedure for establishing a shipping date after receipt of a notice to proceed, and the PO
will also contain provisions for delay of the shipping date in certain circumstances such as failure to pay or force majeure. 

  
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 (b) Facility Preparation. Owner shall arrange for Owner’s Facility to be
prepared and ready for delivery of the Equipment or any portion of it and shall be responsible for all reasonable costs incurred or delays if Owner’s Facility is not able to accept delivery. 

(c) Title. Each PO shall contain provisions specifying the point of Title transfer. The point of title transfer may vary
case by case, and Seller will reasonably accommodate needs of Owner’s financing, if any, to transfer title upon receipt of payments provided that (i) Seller at all times has an interest in the Equipment at least equivalent to any amounts
that it is owed under a PO, and (ii) where Seller obtains parts or components from multiple sources, Seller’s obligation to transfer title prior to delivery applies only to a small number of components constituting a significant percentage
of the overall Equipment cost. Seller shall warrant good title to all Equipment, and Seller warrants that title and ownership thereto shall pass to and vest in Owner as described herein free and clear of any and all liens, claims, charges,
security interests, encumbrances and rights of other persons arising as a result of any actions or failure to act of Seller, its subcontractor or vendors. However, transfer of title hereunder shall not affect Owner’s rights or Seller’s
obligations as set forth in other provisions of the PO.  
 (d) No Liens. Except as otherwise described in a PO,
to the extent payments have been made as required under each PO, Seller shall not permit or suffer to exist any lien or other encumbrance of any person claiming by, through or under Seller, its subcontractors, vendors or any affiliate thereof upon
the Equipment or other property of Fulcrum or Owner. If any such lien or encumbrance is imposed, Seller shall respond to such lien or encumbrance in accordance with the applicable provision of the PO and Section 18 below. 

(e) Risk of Loss; Casualty. Each PO shall contain provisions to specify when risk of loss of each item of Equipment or other
materials shall transfer from Seller to each Owner. Fulcrum desires that risk of loss transfer upon transfer of physical possession of Equipment from a common carrier to Owner at Owner’s Facility. Each party will agree at all times while it has
risk of loss of the Equipment to use the same degree of care in safeguarding the Equipment that it would use in safeguarding its own equipment and related materials (but not less than a reasonable degree of care). Each PO shall contain provisions
specifying the relative rights and obligations of the parties to such PO with respect to a casualty to the Equipment before Completion, including with respect to provisions dealing with risk of loss, Seller’s Reimbursable Costs, and insurance
and shall limit liability associated with casualty losses to the replacement of the Equipment in a reasonable time. 
 (f)
Shipping Insurance. Each PO will contain provisions addressing shipping insurance substantially as follows. At all times while a party has risk of loss of the Equipment, it shall (unless directed otherwise by the applicable Owner) maintain
insurance to cover all losses and damages that may occur to or be caused by the Equipment. At a minimum, the required insurance shall include (i) All Risk Property Insurance for the Equipment with coverage at least equal to 125% of the
replacement cost of the Equipment, and (ii) Comprehensive General Liability with coverage of at least $5,000,000 per occurrence. All of the insurance required shall be maintained with an insurance company holding an AM Best rating of A-IX or
better, and shall have a waiver of subrogation in favor of the other party to the PO. Certificates evidencing such insurance shall name the other party and applicable affiliated companies as additional insureds, and that the policy(ies) providing
such insurance will require thirty (30) days advance written notice to the 

  
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other party in the event of cancellation thereof. Copies of all certificates and policies will be provided to the other party. In the event a party fails to maintain the insurance required by
this Section, the other party may suspend its obligations under the applicable PO until such insurance is obtained. If a party experiences any damages subject to insurance maintained by the other, the parties will cooperate in resolving claims
related to such damages, and the amount of insurance proceeds payable with respect thereto. The foregoing insurance provisions shall also address loss payee and additional insured matters and shall otherwise be consistent with the insurance
provisions in each PO. Costs of insurance shall be a Seller’s Reimbursable Cost. 
  

	13.	Installation, Performance Guarantees and Testing, and Completion 

 (a) Generally. Subject to the terms and conditions of each PO, each Owner will be responsible for the installation and Start-Up of the Equipment at such Owner’s Facility and for all aspects of
the balance of Owner’s Facility that is not specifically included within the Equipment. 
 (b) Refractory
Installation. Notwithstanding Section 13(a), Seller will install or arrange for confidential and proprietary installation of the refractory in each Core System. Owners shall provide Seller or its contractors secluded access for this
purpose. The parties to the applicable PO will mutually agree on the time for such installation. Any repair or replacement work on any refractory installed as part of a Core System under a PO shall be subject to this Section 13(b).

 (c) Start-Up and Performance Testing. 
 (i) Performance Guarantees and Tests. Each PO shall specify the performance guarantees (“Performance Guarantees”) (the terms of which performance guarantees are summarized
on Exhibit D attached hereto) that shall be met during the tests to be performed in accordance with the PO (“Performance Tests”). Each PO shall set forth detailed procedures for the Performance Tests. In recognition
that the performance of the first Core System to be started-up shall have more uncertainty with respect to performance than subsequent Core Systems, the Parties have agreed that the first PO shall have more lenient provisions regarding certain
aspects of performance guarantees, warranties, costs, schedule, or other commitments; provided that the POs shall have mutually agreed provisions to address the possibility that a Core System under PO #2 or PO #3 could conceivably achieve Start-Up
prior to the Start-Up of the Core System under PO #1. 
 (ii) Performance Liquidated Damages; Cap on Seller’s Liability
for Liquidated Damages. Each PO shall provide for payment by Seller to Owner of performance liquidated damages (calculated as an amount payable based on the percentage difference between actual performance of the Core System and the Performance
Guarantee applicable to such Core System) (such amount, the “Liquidated Damages Amount”) for failure of the Core System to meet the Performance Guarantees applicable to such Core System. The Liquidated Damages Amount shall be
capped under each PO at an amount equal to 50% of the License Fee payable under such PO (the “LD Cap”). Seller shall be obligated to promptly correct the Equipment in order to cause the Core System to achieve such Performance
Guarantee. Actual costs (without mark-up or multipliers) incurred by Seller to correct the Equipment shall reduce the Liquidated Damages Amount, and Seller shall have no further obligation to correct the Equipment after such amount has been reduced
to zero. If, notwithstanding Seller’s commercially reasonable efforts, the 

  
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applicable Owner and Seller mutually agree that it would not be productive for Seller to continue efforts to correct the Equipment (the “LD Payment Date”), then Seller
shall pay to Owner as liquidated damages an amount equal to the Liquidated Damages Amount as calculated on the LD Payment Date, capped at an amount equal to the initial LD Cap less the actual costs incurred by Seller to correct the Equipment.

 (d) Completion and Acceptance. The completion by Seller under each PO (“Completion”) shall
occur at such time as all the following has occurred: (i) all Equipment, materials, manuals and other deliverables required from Seller under the PO have been delivered in accordance with the terms of the PO; (ii) all Performance Tests
have either been successfully completed, or Seller has paid any performance liquidated damages in accordance with the PO; and (iii) Seller has fully performed all other work and services required by the PO to be performed prior to or as a
condition of Completion, including the remedying of any defective work or services of which Seller has been given notice by Owner. The PO shall contain procedures whereby when Seller believes it has achieved Completion it shall send a notice to
Owner certifying the same, and Owner shall either reasonably promptly accept the same or provide written notice back to Seller describing any disagreement. 
 (e) Start-Up. For purpose of a PO and this Agreement, the term “Initial Start-Up” shall mean the first insertion of feed materials and/or glass formers into a Core System,
and the term “Start-Up” shall mean the period of preparing for Initial Start-Up, commissioning, shaking down, and testing of the Core System. Seller and/or Seller’s authorized representatives shall have the right at all
reasonable times to be present and observe during performance of installation and Start-Up. 
  

	14.	Warranty 

 (a)
Warranty. Under each PO, Seller shall warrant that the Core System and all Equipment and all other materials provided by Seller under the PO shall in all material respects meet all the requirements and specifications of the PO, shall be new
and, if no quality is specified in the PO, of high quality, shall be capable of the purposes described in the PO when incorporated into the Facility and free from defects in design, engineering, materials, manufacturing, and workmanship and shall
conform in all material respects with all applicable laws and standards and codes in effect on the date of shipment thereof. Seller further shall warrant that all services provided by Seller shall be performed in a good and workmanlike manner in
accordance with accepted professional standards and shall conform in all material respects with the requirements of the PO and all applicable laws and standards and codes in effect on the date of performance thereof. The foregoing warranties shall
continue for a period of 12 months from date Initial Start-Up first occurs (the “Warranty Period”). Any warranty claims must be delivered to Seller in a writing explaining in sufficient detail the warranty claim being
asserted within the Warranty Period, in accordance with the terms of this Section 14. Any warranty claims delivered to Seller after the expiration of the Warranty Period shall be excluded from warranty coverage. This warranty extends
only to the applicable Owner or a permitted assignee and terminates if the Equipment is relocated after installation or to a different Facility prior to the expiration of the Warranty Period. 

(b) Procedure for Claims. To make a claim under this warranty, Owner shall provide written notice of a warranty claim to Seller as
soon as possible after Owner discovers a breach of warranty. 

  
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Upon receiving notice of a claim under this warranty, Seller reserves the right to inspect the claimed defect on location, and shall undertake any such inspection promptly. In the event that any
equipment or services do not conform to the warranty, Seller shall, at no cost to Owner (and not as a Seller’s Reimbursable Cost hereunder), at Seller’s option either promptly correct or reperform such equipment or services, or repair,
replace or modify the item of equipment so that it conforms to such warranties. In the case of remedial work to be performed by Seller hereunder, Seller shall provide all labor, supervision, equipment, tools and materials necessary to perform the
remedial work and shall bear all expenses in connection therewith. The cost of all labor required in connection with disassembly or reassembly of any equipment and the removal, replacement and reinstallation of equipment necessary to gain access, as
well as the cost of transporting repaired items to and from the Facility, shall be borne solely by Seller. Seller also at its own cost shall perform such tests as may be reasonably required to verify that corrected, repaired or replaced equipment or
services conforms to the warranties above and otherwise performs in accordance with the specifications set forth in the PO. Seller shall have access to the Facility and to Owner’s operating and maintenance records in order to perform remedial
work hereunder, so long as such access shall not unreasonably interfere with Owner’s operation of the Facility. 
 (c)
Warranty Work. Seller acknowledges that the failure of any Equipment to operate and perform properly and in accordance with the warranties and specifications provided in the POs could result in disruption of the Facility and substantial
revenue loss to Owner. Seller agrees to perform all warranty work under a PO as expeditiously as is reasonably possible and in a manner which minimizes Facility disruption and revenue loss. If any warranty claim relates to Core System performance
issues, Seller shall perform all warranty work, at a minimum, on a 2-10-7 crew-schedule (2-10 hour crew-shifts/day, 7 days/week), Monday through Sunday, unless otherwise approved by Owner. If Seller fails to perform warranty work under any PO in
accordance with the requirements of the PO within five days of Owner providing notice to Seller of such failure, Owner may (but shall not be required to) itself perform or cause to be performed such work and Seller shall reimburse Owner all of its
reasonable expenses for performing such work. 
 (d) Repaired Equipment Warranty. Any repaired or replaced part or
reperformed services furnished under the aforesaid warranty shall carry warranties on the same terms as set forth above except that the warranty period with respect to such repaired or replaced part or reperformed services shall be for a period of
at least six months from the date of repair, replacement, or reperformance, provided that, in no event shall the repaired equipment warranty extend for more than six months beyond the expiration of the original warranty period (in no case longer
than eighteen (18) months from the date of Initial Start-Up). 
 (e) Limitations on Warranty. This warranty does not
cover defects or damage due to normal wear and tear, improper use, alteration without Seller’s prior written consent, accident, acts of God, abuse, use of parts not approved by Seller, failure to follow Seller’s instruction for use
provided prior to Equipment delivery, or repairs made or attempted by anyone other than an authorized representative of Seller. In the event Owner makes a warranty claim that does not fall within the warranty protections provided for in
Section 14(a), Owner agrees to fully compensate and reimburse Seller for any expenses, parts, materials, labor, travel and time related to such claim in accordance with pricing in Section 20(b). 

  
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 (f) Conditions. This warranty and all of Seller’s obligations related to the
warranty (other than the obligations described in Section 14(k)) is conditioned upon Owner’s continuous compliance with all of the following: 
 (i) Owner providing Seller reasonable opportunity to inspect the Equipment, keeping adequate logs and records to establish proper Equipment operation and maintenance history, and supplying such
information to Seller at such times as may be reasonably requested by Seller; 
 (ii) Owner granting Seller reasonable and free
access to Owner’s Facility and all operating logs for the purpose of monitoring and/or inspecting the Equipment throughout the period during which installation and Start-Up is being conducted and throughout the Warranty Period; 

(iii) Owner maintaining, at Owner’s sole cost and expense, a full time internet connection and modem to the control computer
included as part of the Equipment, allowing Seller remote access to the Equipment to monitor operating conditions and parameters, and providing Seller remote repair or diagnostic assistance; 

(iv) Owner utilizing only individuals that have participated in a Seller-designed training course, who have been certified by Seller (or
a Seller designated training company) in such training course as competent operators to operate and maintain the Equipment; and 
 (v) Compliance with the Installation Manuals and with the Operating and Maintenance Manuals provided by Seller and with any reasonable updates to such manuals. 

Failure to comply with any of the foregoing conditions will void Sellers’ warranties to the extent the failure had any prejudice on Seller.

 (g) Exclusion of Damages. A provision similar to Section 20(g) hereof shall be included in each PO.

 (h) Disclaimer of All Other Warranties. EACH PO SHALL CONTAIN A DISCLAIMER THAT EXCEPT AS EXPRESSLY PROVIDED IN THIS
WARRANTY SECTION OR AS OTHERWISE EXPRESSLY SET FORTH IN THE PO, SELLER DISCLAIMS ALL WARRANTIES OF ANY KIND, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, TITLE, FITNESS FOR A PARTICULAR PURPOSE, OR NONINFRINGEMENT, RELATED TO THE EQUIPMENT OR
ANY RELATED SERVICES. TO THE EXTENT THAT ANY APPLICABLE LAW PRECLUDES THE EXCLUSION OF ANY SUCH WARRANTIES, SUCH WARRANTIES ARE LIMITED IN DURATION TO THE DURATION OF THE WARRANTY PERIOD. No agent, employee, or representative of Seller has any
authority to bind Seller to any affirmation, representation or warranty relating to the Equipment other than as specifically provided herein. 
 (i) Owner’s Rights. This warranty grants Owner specific legal rights; Owner may have other rights which vary from state to state. 

  
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 (j) Limitation on Warranty Work. Seller’s liability with respect to the warranty
work described in this Section 14 performed under (i) the first PO for Core System #1 shall not exceed more than 50% of the License Fee payable under such PO and (ii) all subsequent POs, shall not exceed more than 50% of the
Core System Fee payable under each such PO. 
 (k) Third Party Warranties. Seller shall reasonably cooperate with Owner
to obtain third party warranties on Equipment supplied under a PO by third parties. To the extent Seller receives warranties on the Equipment from third parties and such warranties provide greater warranty coverage on the Equipment than the warranty
described in this Section 14, Seller shall assign such third party warranties (provided such warranties are assignable) to the applicable Owner to the extent of such greater warranty coverage; provided, that such assignment shall
not reduce or otherwise limit Seller’s obligations with respect to its own warranties described in this Section 14. Seller shall reasonably cooperate with Owner to pursue such third party warranties and provide Owner copies of the
documentation with respect to such third party warranties, in each case to the extent assigned to Owner. 
  

	15.	Limitation on Intended Users 

 Except as expressly provided by Seller in writing, Seller’s Equipment is intended for ultimate purchase and use by commercial/industrial users and for operation by persons trained and experienced in
the use and maintenance of such Equipment. Seller’s Equipment is not intended for consumers or consumer use. 
  

	16.	Insurance 

 Each PO
shall have mutually agreed provisions relating to insurance. 
  

	17.	Protection of Confidential and Proprietary Materials 

 Within fifteen (15) business days of the Effective Date, the Parties shall agree to specific terms and conditions governing their respective rights and obligations with regard to possession, use and
subsequent disclosure of one another’s confidential information and trade secrets. Until such time, each Party shall hold all information, data and materials of the other Party: (i) marked with a “confidential”
“proprietary”, or similar legend; (ii) identified as confidential in writing within one (1) business day of their original disclosure (whether such identification is verbal or written); and/or (iii) which are known, or
which, by the nature of their content or the circumstances of their disclosure reasonably should be known to be confidential or trade secret (hereinafter “Confidential Information”) in strictest confidence and shall not make
any use or disclosure of such Confidential Information to any individual or entity without the express written consent of the disclosing party in each instance, except in order to facilitate the receiving party’s performance hereunder for the
disclosing party’s benefit. The receiving party shall handle all Confidential Information received with the same degree of care as it uses to maintain the confidentiality of its own confidential information of the same or similar nature, which
shall in no event be less than reasonable care. 
  

	18.	Indemnification 

  
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 (a) General Indemnity. Each PO shall include terms providing for mutual indemnity of
the Parties, including provisions whereby, to the fullest extent permitted by Law, each party thereto (the “First Party”) shall defend, indemnify and hold harmless the other party (the “Second Party”)
and all of its affiliates, along with each of their respective officers, directors, partners, agents, employees, successors, and assigns (collectively, with the Second Party, the “Indemnitees”), from and against all loss,
damage, expense and liability (including court costs and reasonable attorneys’ fees) (collectively, “Losses”) resulting from injury to or death of persons, including employees of the Second Party or the Indemnitees, and
from damage to or loss of property, caused by or arising in whole or in part out of, but only to the extent of the negligent acts or omissions or acts of willful misconduct of the First Party (or its subcontractors, vendors, officers, employees or
agents) in connection with the Equipment, services, or performance of the PO (any of the events described above in this Section 18(a), “Indemnified Events”). Except for the First Party’s willful misconduct,
the First Party’s indemnity obligation hereunder with respect to damage to or loss of the Second Party’s property shall be limited to $5,000,000, provided in no event shall any provision in this Section limit Owner’s rights under the
Section hereof dealing with warranty claims or Performance Guarantees. 
 (b) Employee Claims. In any and all claims
against an Indemnitee by any employee of the Second Party or any subcontractor or vendor thereof or by anyone directly or indirectly employed by any of them or anyone for whose acts any of them may be liable, the indemnification obligation stated in
Section 18(a) shall not be limited in any way by any limitation on the amount or type of damages, compensation or benefits payable by or for the First Party or any such subcontractor or vendor under any applicable workers’
compensation law, disability laws, or other employee benefit law. 
 (c) Lien Indemnity. Each PO shall contain provisions
under which Seller shall indemnify each Owner from liens filed in connection with the performance of the work under a PO to the extent required payments have been made under the PO and such liens are not allowed by the PO. 

(d) Laws, Standards and Codes. Each PO shall contain mutual indemnities related to compliance with applicable laws, standards, and
codes. 
 (e) Indemnification Procedures. Each PO shall specify the procedures, limits, and effect of making indemnity
claims. 
  

	19.	Term and Termination 

 (a) Term. Unless earlier terminated pursuant to the provisions of this Agreement, Seller’s obligation to sell Core Systems to Fulcrum under this Agreement shall cease on March 31, 2018.

 (b) Survival. Upon termination of this Agreement, any provisions necessary to implement or enforce residual
obligations of this Agreement shall survive to the extent necessary to implement or enforce such obligations, including Section 17, Section 18, and Section 19. 

(c) Either Party’s Right to Terminate. Either Party may terminate this Agreement in the following circumstances:
(i) upon a material breach by the other Party that is not remedied within 14 days of notice provided by the non-breaching Party to the other Party of such breach; or (ii) the 

  
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commencement by either Party of a voluntary case as a debtor in bankruptcy under the United States Code entitled “Bankruptcy” as now or hereafter in effect, or any successor thereto
(“Bankruptcy Code”) or if an involuntary case against either Party under the Bankruptcy Code and relief is ordered against either Party or the petition is controverted but is not dismissed within ninety (90) days after
the commencement of the case. 
 (d) Fulcrum’s Additional Rights to Terminate. Fulcrum may terminate this Agreement:

 (i) in accordance with Section 3(b) or Section 3(c) of Exhibit E, in the event of
Seller’s failure to achieve Successful Completion of a PDU Test as described therein; 
 (ii) if Seller has not within
thirty (30) days following the Effective Date (A) provided Fulcrum (1) a list of applicable patents and published patent applications, and (2) reasonable access to Jeff Surma to explain the patents and applications and to discuss
the technology to assist Fulcrum in performing due diligence on IET’s patent portfolio and (B) reasonably established that Seller has all reasonably necessary rights in the intellectual property to be licensed under the POs; provided, that
in no event shall Fulcrum rely on any statements or representations made by IET or any of its employees in connection with any discussions referenced above, nor shall any statements made by IET or any of its employees be construed as representations
or warranties of any kind; provided, further, that Fulcrum may only terminate this Agreement under this Section 19(d)(ii) within sixty (60) days after the expiration of the aforesaid thirty (30) day period; 

(iii) upon Fulcrum’s discovery of any critical defect or similar problem with the Core Systems or Seller’s technology
(including Seller’s failure to have sufficient proprietary rights in such technology) that is reasonably likely to make use of such Core System or Seller’s technology unfit for its intended purpose, taking into account all relevant
factors, including reasonably likely cures by Seller with respect to any such defect or similar problem; provided that in the event of any dispute about Fulcrum’s right to terminate under this Section 19(d)(iii), Fulcrum
shall bear the burden of proving its right to terminate by clear and convincing evidence; 
 (iv) upon any uncured default under
any PO that would entitle Owner to terminate such PO; or 
 (v) after Fulcrum has purchased ten (10) Core Systems from
Seller and paid the full Purchase Price for all ten such Core Systems. 
 Fulcrum agrees that when and if Fulcrum determines that Seller has
satisfied the conditions the failure of which would give rise to Seller’s termination rights described in either Section 19(d)(i) or Section 19(d)(ii), Fulcrum shall notify Seller in writing of the same.

 (e) Seller’s Additional Right to Terminate. Seller may terminate this Agreement at any time after Fulcrum (or its
designated Owner) fails to provide Seller with a Purchase Order and associated payment for any continuous 24 month period, provided that if Seller, at its option accepts a Purchase Order after the end of such 24 month period, Seller’s right to
terminate shall expire as to the period preceding the acceptance of the Purchase Order, but shall continue to exist in the event that Fulcrum fails to provide Seller with a Purchase Order for any subsequent 24 month period. 

  
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 (f) Effect of Termination. Unless otherwise specified in this Agreement, the
termination of this Agreement shall not affect or reduce any remedies that the Party terminating this Agreement shall have against the other Party as a result of the default or event giving rise to such termination; provided, that
Fulcrum’s sole and exclusive remedy shall be the right to a refund of all amounts paid to Seller under this Agreement if Fulcrum terminates this Agreement in accordance with Section 19(d)(ii) or Section 19(d)(iii) within
one hundred and twenty (120) days after the Effective Date. If Fulcrum terminates this Agreement after one hundred and twenty (120) days after the Effective Date or for any other reason, Fulcrum shall not be entitled to a refund hereunder,
but without prejudice to any rights Fulcrum (or an Owner) may have under any PO. If Fulcrum terminates this Agreement in accordance with Section 19(d)(iii) within one hundred and twenty (120) days after the Effective Date, or if
Fulcrum terminates this Agreement in accordance with Section 19(d)(i) or Section 19(d)(ii), then Seller shall have the right to purchase, or cause its designee to purchase, Fulcrum Sierra Holdings, LLC’s entire limited
liability company interest in Fulcrum Sierra BioFuels, LLC for the amount and on the terms and conditions set forth in Section 9.11 of the Amended and Restated Limited Liability Company Operating Agreement of Fulcrum Sierra BioFuels, LLC, dated
as of the Effective Date. 
 (h) Terminated POs. Each PO shall contain provisions relating to the termination rights of
the parties thereunder, consistent with the termination rights set forth herein, including provisions to allow an Owner to terminate the PO for convenience upon mutually agreed terms. 

 

	20.	Contract Interpretation and Enforcement 

 (a) Choice of Law; Waiver of Jury Trial. This Agreement shall be governed by and construed in accordance with the Laws of the State of New York applicable to a contract executed and performed in
such State, without giving effect to the conflicts of laws principles thereof. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT OF TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTER-CLAIM, ARISING OUT
OF OR IN CONNECTION WITH THIS AGREEMENT OR ANY MATTER ARISING HEREUNDER. THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS CONTRACT SHALL NOT BE GOVERNED BY OR CONSTRUED IN ACCORDANCE WITH THE PROVISIONS OF THE CONVENTION FOR THE INTERNATIONAL
SALE OF GOODS. 
 (b) Changes in Scope. Each PO shall contain appropriate mutually agreed change order provisions, which
shall include a provision that for any additional work outside the scope of work set forth in the PO requested by Owner following Completion, Owner shall pay as a Seller’s Reimbursable Cost the pro rata cost of any of Seller’s employees
for time spent on such additional work plus twenty percent (20%) (in addition to any mark-ups and multipliers already included in Seller’s Reimbursable Costs). 
 (c) Entire Agreement and Amendments. This Contract constitutes the entire agreement between the Parties and supersedes any previous writing or understanding relating to the subject matter. The
terms of this Contract may not be modified or waived orally. To be effective, any modification or waiver of this Contract or any of its provisions must be in writing, signed by both Parties, and must explicitly refer to this Contract and state its
intent to modify this Contract. 

  
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 (d) Contract Documents and Relationship to Purchase Orders. The
“Contract” or “Agreement” means this Agreement and all Exhibits to this Agreement and validly executed amendments issued after the execution of this Agreement that are consistent with the amendment
procedure described in the preceding paragraph. The Parties further acknowledge and agree that: (i) this Agreement is between IET and Fulcrum, (ii) in order to facilitate the successful financing of each Facility, each Facility will be
owned by an individual Owner (and not Fulcrum), (iii) each Purchase Order will be entered into by an individual Owner designated by Fulcrum, on the one hand, and IET on the other, and (iv) once executed and delivered, each individual
Purchase Order shall be a separate and completely independent contract from this Agreement and shall be enforced, interpreted and administered based solely on the terms, condition and performance thereof, and without reference to the terms,
conditions, performance or status of this Agreement. 
 (e) Severability; Reformation. In the event any provision, or
part thereof, of the Contract is held to be unenforceable, such provision shall be modified and reformed to the smallest degree necessary to ensure its compliance with applicable laws while still maintaining the intent of this Agreement; however,
the remaining provisions and parts of this Contract and of such provision shall remain in full force and effect. 
 (f) Force
Majeure 
 (i) As used in this Contract, a “Force Majeure Event” shall mean any cause beyond the
reasonable control and not due to the fault or negligence of the Party affected (including its subcontractors and vendors of any tier and agents), and which could not have been avoided by due diligence and the use of reasonable efforts, including
drought, flood, earthquake, storm, fire, lightning, epidemic, war, riot, civil disturbance, sabotage, explosions, strikes or labor disputes (excluding any strikes, labor disputes or other labor difficulties in which the employees of the affected
Party, or of any of its subcontractors or vendors of any tier, are involved), and changes in Laws and Regulations applicable to the Parties’ performance hereunder. Notwithstanding the foregoing, Equipment failures shall not shall not be deemed
to be a Force Majeure Event except to the extent caused by another Force Majeure Event external to the Equipment. 
 (ii) In the
event that Seller is unable to continue performing its obligations under this Contract for a period of more than six (6) months from the date a Force Majeure first occurs, Fulcrum shall be entitled to terminate this Contract. 

(g) Limitation on Liability. IN NO EVENT WILL EITHER PARTY (OR ANY OF THEIR OFFICERS, DIRECTORS, EMPLOYEES, OTHER PERSONNEL,
CONTRACTORS OR AFFILIATES) BE LIABLE TO THE OTHER OR ANY OTHER PARTY FOR ANY INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS, LOST BUSINESS OPPORTUNITY, OR LOSS OF USE DAMAGES) ARISING OUT OF OR IN CONNECTION WITH THIS
AGREEMENT, ANY PO, OR THE EQUIPMENT, EVEN IF ANY REMEDIES OTHERWISE PROVIDED UNDER THIS AGREEMENT, AT LAW OR IN EQUITY FAIL OF THEIR ESSENTIAL PURPOSE, REGARDLESS OF THE FORM OR CAUSE OF ACTION OR THE ALLEGED BASIS OF THE CLAIM, AND EVEN IF A PARTY
HAD BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 

  
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 (h) Dispute Resolution. The following process is the exclusive process for resolving
disputes related to the Agreement (or any applicable PO): 
 (i) Negotiation. The Parties and Owners shall first attempt
in good faith to resolve any dispute arising out of or in connection with this Agreement (or any applicable PO), or its performance including the existence and validity of the Agreement (or any applicable PO) promptly by negotiation between
executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for the administration of this Agreement (or any applicable PO) (a “Management
Representative”). Within seven (7) days after determining to invoke dispute resolution, a Party or Owner shall provide the other Party or Owner, as applicable, with a written notice of the dispute, a proposed means for resolving
the same, and the support for such position. The receiving Party or Owner, as applicable, shall respond with the same types of information within seven (7) days of receiving the first Party’s or Owner’s notice. Thereafter, the
Management Representatives of each disputing Party or Owner shall meet to discuss the matter and attempt in good faith to reach a negotiated resolution of the dispute. If the Parties or Owners, as applicable, have not agreed upon a resolution of the
dispute within forty-five (45) days after the date of the original notice provided under this Section 20(h)(i), or such other time period as the disputing Parties or Owners may agree in writing to allow for discussions
(“Negotiation Period”), then at any time after the end of the Negotiation Period, a Party or Owner, as applicable, may provide written notice to the other declaring an impasse (“Impasse Notice”) and
initiating binding arbitration in accordance with the further provisions of Section 20(h)(ii). 
 (ii) Binding
Arbitration. Any dispute for which an Impasse Notice shall have been delivered under Section 20(i)(i) shall be settled by arbitration administered by the American Arbitration Association (“AAA”) in San
Francisco, California under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Application of the Commercial Arbitration Rules shall be subject to the
following: There shall be a single neutral arbitrator selected as follows: Within twenty (20) days after the AAA serves the confirmation of notice of filing of the arbitration demand, the disputing Parties or Owners shall agree on the
appointment of a single neutral arbitrator and so notify the AAA. If the disputing Parties or Owners fail to agree on the appointment of a single neutral arbitrator within that time period, and have not otherwise mutually agreed to extend that time
period, then the AAA shall make the appointment. 
 (iii) Equitable Remedies. Notwithstanding any provision to the
contrary in this Section 20(h), the disputing Parties or Owners shall be entitled to seek injunctive relief or specific performance in a court of law with respect to disputes arising under this Agreement or the applicable PO. 

(i) Rules of Interpretation. Unless the context otherwise clearly requires: (I) a term has the meaning assigned to it; (II
“or” is not exclusive; (III) wherever from the context it appears appropriate, each term stated in either the singular or the plural shall include the singular and the plural, and pronouns stated in either the masculine, feminine or neuter
shall include the masculine, feminine and neuter; (IV) provisions apply to successive events and transactions; (V) all references in this Agreement to “include” or “including” or similar expressions shall be deemed to mean
“including without limitation”; (VI) all references in this Agreement to designated 

  
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“Articles,” “Sections,” “paragraphs,” “clauses” and other subdivisions are to the designated Articles, Sections, paragraphs, clauses and other subdivisions
of this Agreement, and the words “herein,” “hereof,” “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular Article, Section, paragraph, clause or other subdivision;
and (VII) any definition of or reference to any agreement, instrument, document, statute or regulation herein shall be construed as referring to such agreement, instrument, document, statute or regulation as from time to time amended, supplemented
or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein). This Agreement is between financially sophisticated and knowledgeable parties and is entered into by the parties in reliance upon
the economic and legal bargains contained herein and shall be interpreted and construed in a fair and impartial manner without regard to such factors as the party who prepared, or cause the preparation of, this Agreement or the relative bargaining
power of the parties. 
  

	21.	Assignability; Resale 

 (a) Assignment. This Contract may not be assigned by either Party without the prior written consent of the other, and any attempt to do so without such consent shall be void;
provided, however, that either Party may assign this Contract without the prior written consent of the other to any other entity formed for the purpose of succeeding to such Party in an initial public offering or other similar transaction, or
to a purchaser of all or substantially all of the assets or such Party. Notwithstanding anything in the prior sentence, Fulcrum may not assign this Agreement to any entity if either the entity or any of its affiliates are engaged in the design,
manufacture, or sales of gasification systems. Each PO shall contain a provision allowing Owner to assign its interest under such PO to persons or persons providing financing for such Owner’s Facility without Seller’s prior written consent
and obligating Seller to execute a consent to assignment and such other documents as such Owner may reasonably request. 

(b) Resale. Neither Fulcrum nor any Owner shall purchase the Equipment for purposes of resale. Fulcrum may only designate an Owner
to purchase Equipment under this Contract if such Owner is majority owned or controlled by Fulcrum. The Parties acknowledge that (a) IET has a material interest in assuring that proprietary IET technology licensed to Owners pursuant to POs is
not disclosed to direct IET competitors and (b) Fulcrum has material interests in assuring the financeability of Owner projects and in reasonable long term liquidity with respect to such projects, both of which Fulcrum interests may or may not
be facilitated by the disclosure of proprietary IET technology and/or PO license rights to third parties. In recognition of such material interests, the Parties agree to include mutually agreed provisions in each PO that reasonably protect both
Parties’ interests addressing the transferability and disclosure, and restrictions on transferability and disclosure, of the IET license(s) (and related IET proprietary information) in connection with the financing of, and the
direct and indirect transfers of, Facilities. 
  

	22.	Notices 

 To have
legal effect, notices by either Seller or Fulcrum to the other must be in writing (e.g., facsimile or similar electronic transmission, e-mail, registered mail with return receipt, overnight courier, etc.) and the sender shall maintain evidence of
the date of receipt by the other Party. All such notices shall be effective on the day received, except that notices received after 4:00 p.m. or on a holiday shall be effective the next business day. Either Seller or Fulcrum may notify the other

  
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of any change in address for purposes of notices delivered hereunder. 

To Seller: 

Integrated Environmental Technologies LLC 
 595 S.W. Bluff Drive, Suite B 
 Bend, OR 97702 

Attn: J. Michael Rocket 
 Tel: (541) 749-2142 
 Fax: (866) 393-0231 

E-mail: mike.rockett@inentec.com 
 To Fulcrum: 
 Fulcrum BioEnergy, Inc. 

4900 Hopyard Road, Suite 220 
 Pleasanton, CA 94588 
 Attn: Richard D. Barraza 

Tel: (925) 224-8244 
 Fax: (925) 730-0157 
 E-mail: rbarraza@fulcrum-bioenergy.com

  

	23.	Public Announcements 

 Subject in each case to Section 17, no Party shall issue or make any press releases to the public with respect to this Agreement or the transactions contemplated hereby or parties involved or
otherwise disclose or publicize any terms or provisions of this Agreement without the consent of the other Party, which consent shall not be unreasonably withheld, denied or delayed. 

 

	24.	Time is of the Essence  

 Time is of the essence with respect to the performance of every term, covenant and condition of this Agreement in which time of performance is a factor. 

[Remainder of the page intentionally left blank; signature page follows.] 

  
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 SIGNATURES 
 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the day and year first above written. 

 

											
	INTEGRATED ENVIRONMENTAL TECHNOLOGIES LLC	 		 	FULCRUM BIOENERGY, INC.
						
	By:	 	 /s/ Jeffrey E. Surma
	 		 		 	By:	 	 /s/ E. James Macias

		 	Jeffrey E. Surma	 		 		 	E. James Macias
		 	President and CEO	 		 		 	President and Chief Executive Officer

 Exhibits 
  

			
	Exhibit A	  	Description of Equipment
	Exhibit B	  	Licensing, Intellectual Property Rights Ownership and Confidentiality Provisions for Purchase Orders
	Exhibit C	  	Reimbursable Cost Schedule
	Exhibit D	  	Performance Testing Matters
	Exhibit E	  	PDU Demonstration Test Requirements
	Exhibit F	  	Due Diligence
	Exhibit G	  	Draw Certificate Conditions

 EXHIBIT A: DESCRIPTION OF EQUIPMENT 

 

	 	•	 	 Gasifier System Module 

  

	 	•	 	 Gasifier vessel with refractory lining 

  

	 	•	 	 Grate system 

  

	 	•	 	 Ducting to connect gasifier to PEMTM 

  

	 	•	 	 Gasifier support structure and access mezzanines 

  

	 	•	 	 Instrumentation and instrument wiring 

  

	 	•	 	 On module process and utility piping with utility tie points 

 

	 	•	 	 Plasma Enhanced MelterTM (PEMTM) System Module 

 

	 	•	 	 PEMTM vessel with refractory lining 

  

	 	•	 	 Glass/metal drains 

  

	 	•	 	 Ducting to connect PEMTM to TRC 

  

	 	•	 	 PEMTM support structure and access mezzanines 

  

	 	•	 	 Instrumentation and instrument wiring 

  

	 	•	 	 On module process and utility piping with utility tie points 

 

	 	•	 	 Thermal Residence Chamber (TRC) Module 

  

	 	•	 	 TRC vessel with refractory lining 

  

	 	•	 	 TRC support structure and access mezzanines 

  

	 	•	 	 Instrumentation and instrument wiring 

  

	 	•	 	 On module process and utility piping with utility tie points 

 

	 	•	 	 Instrumentation I/O panels/nodes 

  

	 	•	 	 Electrical power conduit/cable tray (excluding main PEM power conductors from AC/DC power supplies to electrodes) 

 

	 	•	 	 DC electrode feeders 

  

	 	•	 	 Automatic DC electrode addition system 

  

	 	•	 	 AC electrode holders 

  

	 	•	 	 AC & DC power supplies 

  

	 	•	 	 Glass/metal Product Handling Systems 

  

	 	•	 	 Glass fritting and removal system 

  

	 	•	 	 Metal receipt and removal system 

  

	 	•	 	 Induction power supplies 

 EXHIBIT B: LICENSING, INTELLECTUAL PROPERTY RIGHTS OWNERSHIP AND 

CONFIDENTIALITY PROVISIONS FOR PURCHASE ORDERS 
 [See attached.] 

 Execution Version 

EXHIBIT B 

LICENSING, INTELLECTUAL PROPERTY RIGHTS OWNERSHIP AND 
 CONFIDENTIALITY PROVISIONS FOR PURCHASE ORDER CONTRACTS 
  

	1.	Definitions. 

 (a)
“Derivative Works” has the meaning ascribed to it in Title 17 U.S.C., but in all events shall apply to additions, changes, or other statutorily specified new material appearing for the first time in the applicable item or work
hereunder. 
 (b) “Owner Technology” means all Proprietary Materials: (i) owned, developed or licensed by
or on behalf of Owner prior to the Effective Date; (ii) owned, developed or licensed by or on behalf of Owner subsequent to the Effective Date but independent of and separate from the Agreement or this PO; and/or (iii) invented, developed
or discovered by Owner, acting alone or with others, and which are owned by Owner pursuant to Articles 2 and 3 of this PO. As used hereunder, but without limiting Owner’s IP Rights thereto outside of this PO, in no case will “Owner
Technology” be construed to include gas to liquid conversion technology, nor shall Owner be required to deliver to Seller, via license or otherwise, any of Owner’s inventions, discoveries and/or works of authorship (whether or not
patentable, published, reduced to practice or recorded in a medium) related to gas to liquid conversion technology or trade secrets know-how, methods, processes or formulae related thereto. In addition, in no event shall PEM Technology or
Improvements to PEM Technology be included in “Owner Technology”. 
 (c) “Improvements” means
any patentable invention or discovery that is reduced to practice, whether or not it is actually patented, during the term of this PO and which constitutes a modification, enhancement, customization, adaptation, addition to or change in any process,
method or system that is already patented by or covered by the subject matter of, or the claims under a patent pending, applied for or issued to the applicable Party at any time during the term of this PO. 

(d) “IP Rights” means all intellectual property rights throughout the world, whether existing under statute or at common
law or equity, now or hereafter in force or recognized, including but not limited to: (i) copyrights, trade secrets, trademarks, patents, inventions, designs and trade dress, “moral rights,” mask works, publicity rights, privacy
rights and any other intellectual property and proprietary rights; and (ii) any application or right to apply for any of the rights referred to in clause “(i)” and any and all renewals, extensions and restorations thereof. 

(e) “PEM Documentation” means written and electronic user manuals, technical documentation, guides and reference
materials related to PEM Equipment or PEM Technology, and all the input, processing and output detail for each material feature and function of the PEM Equipment and PEM Technology and shall further include descriptions of procedures, operations,
maintenance and continuous improvement management as would allow Owner’s employees and contractors to operate and maintain the PEM Equipment and PEM Technology. 

  
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 (f) “PEM Equipment” means equipment that Seller provides to Buyer under
this PO, including the PEM reactor and thermal residence chamber, partial oxidation gasifer and all related controls, power supplies, metals and vitrate recovery equipment embodying, and into which Seller has embedded all or portions of, the PEM
Technology, all as more specifically identified on an itemized, component-by-component basis by name and model number in this PO. 
 (g) “PEM Method” means, to the extent already described in Seller’s patent claims or otherwise reduced to writing in the PEM Specification or PEM Documentation, methods, processes
and techniques for: (i) converting organic materials into carbon monoxide, hydrogen and carbon dioxide (syngas) utilizing plasma heating, joule heating, and/or combinations of plasma and joule heating; and (ii) configuring equipment and
machinery for use in connection with the foregoing. 
 (h) “PEM Specification” means written and electronic
materials describing and documenting the operating parameters, boundary conditions, utility requirements, heat and materials balances and other technical and operations specifications and procedures for siting, configuration, use, and operation of
the PEM System and shall further include schematics, workflows, diagrams and descriptions as would allow Owner’s employees and contractors to operate and maintain the PEM System. 

(i) “PEM Software” means all runtime and non-runtime machine-readable, executable object code, human readable source
code, commented source code, and other computer formatting, programming or scripting code together with all prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, screen displays, user-interfaces, creative
content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae related to the foregoing related to the operation, use and enjoyment of the PEM Equipment. 

(j) “PEM System” means the PEM Technology and PEM Equipment, collectively. 

(k) “PEM Technology” means, the PEM Equipment, PEM Method, PEM Software, PEM Documentation, PEM Specifications and all
Proprietary Materials related to, necessary for or useful in the operation, use and enjoyment of the PEM Equipment by authorized purchasers. 
 (l) “Proprietary Materials” means all of the following to the extent not already covered by the definition of the PEM System or Owner Technology: 

(i) all inventions and discoveries, other than Improvements, whether or not patentable, reduced to practice or recorded in
a medium together with all prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae, manuals, guides and reference
materials embodying any of the foregoing in any form or medium; 
 (ii) all logos, brand names, Internet domain
names, trade dress, trade names, assumed names, fictitious names and all graphics, words, symbols or other tangible materials designed or intended to identify Owner, an Owner, IET or either of their third party licensors as the source of goods or
services; 

  
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 (iii) all published and unpublished works of authorship, other than
Derivative Works, together with all prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae, manuals, guides and
reference materials embodying any of the foregoing in any form or medium; 
 (iv) all tangible materials, data,
information, reports and technologies and all intangible ideas, know-how, concepts, methods, techniques, practices, procedures, rules and processes, together with all prototypes, models, designs, business plans, files, templates libraries, tools,
graphics, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae, manuals, guides and reference materials embodying any of the foregoing in any form or medium; and 

(v) all runtime and non-runtime machine-readable, executable object code, human readable source code, commented source
code, and other computer formatting, programming or scripting code together with all prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, screen displays, user-interfaces, creative content, schematics, drawings,
flowcharts, diagrams, specifications, algorithms and formulae related to the foregoing. 
  

	2.	Ownership of IP Rights; License Grant. 

 2.1 Seller’s Ownership; Owner’s License. As between Seller and Owner under the Agreement, Seller is and shall be the sole and exclusive owner of all IP Rights in and to the PEM
Technology. No ownership of the PEM Technology or the IP Rights in and to the PEM Technology are transferred to Owner except that, subject to the terms and conditions of the Agreement and this PO, Seller hereby grants to Owner (once the fees
hereunder have been paid), a fully paid-up, royalty-free license under the Seller’s IP Rights to use the PEM Technology provided to Owner for the sole purpose of operating and maintaining, at the Facility, the PEM Equipment purchased hereunder.

 2.2 Buyer’s Ownership; Seller’s License. As between Owner and Seller under this PO, Owner is and shall be the sole and
exclusive owner of all IP Rights in and to the Owner Technology. No ownership of the Owner Technology or the IP Rights in and to the Owner Technology are transferred to Seller except that Owner hereby grants to Seller, subject to the terms and
conditions of the Agreement and this PO, a fully paid-up, royalty-free worldwide, license under the Owner’s IP Rights to make such limited uses of the Owner Technology as are reasonably required to perform services for the benefit of Owner in
connection with the PEM Equipment purchased under this PO. 
 2.3 Term and Termination of Licenses. The licenses hereunder shall
continue in effect for so long as Owner or any permitted successor retains ownership of the PEM Equipment. If either Party materially breaches its obligations under Article 4 and Article 5, infringes or misappropriates the other Party’s
Proprietary Materials or IP Rights, including by exceeding the authorized scope of license, the non-breaching Party may provide the other Party with a written notice specifying the nature of the breach. The breaching Party shall have thirty
(30) days to cure from receipt of notice. If not cured within such period, the non-breaching Party may terminate this PO and all 

  
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license rights granted to the breaching Party, by providing a second written notice of immediate termination. Immediately upon expiration or termination of a license, the breaching Party shall
cease use of and immediately return all copies and embodiments of the other’s Confidential Information and Proprietary Materials then in its possession or under its reasonable control. 

 

	3.	Derivative Works, Improvement Patents and New Materials. 

 During the term of this PO, the Parties may develop, author, invent, create and/or conceive, either solely or jointly with others: (a) Derivative Works; and/or (b) Improvements of the PEM System
or Owner Technology; as well as (c) brand new Proprietary Materials that are not Derivative Works or Improvements of either the PEM System or Owner Technology (the “New Materials”). The Parties’ respective ownership in and
to such Derivative Works, Improvements and New Materials shall be as set forth below in this Article. 
 3.1 Ownership of Derivative
Works. Each Party owns and shall continue to own all IP Rights in and to the Derivative Works of their respective Proprietary Materials, by whomever made, as if originally authored, created or conceived by such Party except as described below
with respect to Joint Materials. 
 3.2 Ownership of New Materials. If either Party develops, authors, invents, creates and/or
conceives any New Materials without assistance or contribution from the other Party, then unless otherwise set forth in this PO, all IP Rights in and to those New Materials shall be owned solely and exclusively by the developing Party except as
described below with respect to Joint Materials. 
 3.3 Ownership of Improvements; Grant-back Licenses. 

(a) Seller Improvements to Owner Technology. 

(i) Ownership. If during the term of this PO Seller invents, discovers or conceives any Improvement to the Owner
Technology (the “Seller Improvements to Owner Technology”), all such Seller Improvements to Owner Technology and all IP Rights in and to them shall be owned by Buyer. Seller shall assign, and hereby perpetually and irrevocably
assigns to Buyer, all such right, title and interest in and to the Seller Improvements to Owner Technology. Buyer shall be solely responsible for maintaining such Seller Improvements to Owner Technology. 

(ii) Grant-back License. Without in any way limiting Buyer’s ownership hereunder, unless restricted by
Buyer’s third party licensors, Buyer shall grant and hereby grants to Seller, and Seller only, a fully paid-up, enterprise-wide, royalty-free, worldwide, perpetual, non-exclusive, sublicense-able through multiple tiers, license under
Buyer’s IP Rights to use the Seller Improvements to Owner Technology in the field of bioenergy and gasification. The license rights granted in the previous sentence shall be: (i) non-transferable except in connection with a sale, merger,
or reorganization involving substantially all of Seller’s assets related to Seller’s business, and (ii) shall be “AS-IS” without warranty of any type, except that Buyer hereby warrants that it has full power and authority to
grant the applicable license(s). 

  
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 (b) Buyer Improvements to PEM Technology. 

(i) Ownership. If during the term of this PO Owner invents, discovers or conceives any Improvement to the PEM
Technology (the “Buyer Improvements to PEM Technology”), all such Buyer Improvements to PEM Technology and all IP Rights in and to them shall be owned by Seller. Buyer or Owner shall assign, and hereby perpetually and irrevocably
assigns to Seller, all such right, title and interest in and to the Buyer Improvements to PEM Technology. Seller shall be solely responsible for maintaining such Buyer Improvements to PEM Technology. 

(ii) Grant-back License. Without in any way limiting Seller’s ownership hereunder, Seller shall grant and
hereby grants to Owner, a fully paid-up, royalty-free, worldwide, perpetual, non-exclusive, non-assignable but sublicense-able through multiple tiers, license under Seller’s IP Rights to use the Buyer Improvements to PEM Technology at any
Facility for any purpose related to the field of bioenergy. The license rights granted in the previous sentence shall be: (i) non-transferable except in connection with a sale or merger involving all or substantially all of the Facility or the
controlling portion of Owner’s shares or other interests in the Facility, and (ii) without in any way limiting the warranties provided by Seller under the Agreement with respect to the underlying PEM System components on which the Buyer
Improvements to PEM Technology licensed hereunder may be based, shall be “AS-IS” without warranty of any type, except that Seller hereby warrants that it has full power and authority to grant the applicable license(s). 

(c) Further Assurances. Each Party (the “Notifying Party”) shall notify the other Party of any Improvements
developed by the Notifying Party which would, under the terms of this Article 3, be owned by the other Party. Such notice shall be provided as soon as reasonably possible following development by the Notifying Party. Notifying Party further
acknowledges and agrees that, in the event the other Party decides to file patent applications on such Improvements or to file registrations for any other IP Rights on such Improvements, Notifying Party shall cooperate with the filing Party in the
preparation of any and all such patent applications or other IP Rights applications, and the execution of any and all assignments or other documents, necessary in connection with obtaining such patent or other IP Rights protection in the name of
other Party anywhere in the world. In addition, the parties shall document all Joint Materials in a cooperatively prepared invention report describing such Joint Materials in sufficient detail so as to allow the Party with Filing Responsibility (as
defined below) to fulfill its obligations under Section 3.4(b). 
 3.4 Development of Joint Materials. 

(a) Ownership. If during the term of this PO, Owner and Seller (including the employees, consultants and contractors of each
Party) working jointly together invent, discover or conceive any New Materials, Derivative Works or Improvements (collectively, the “Joint Materials”) then all such Joint Materials and all IP Rights in and to them shall be owned
jointly and equally by the Parties and the Parties shall cooperate with each other as described in this Section in preparing, filing and prosecuting all IP Rights in and to the Joint Materials and in the maintenance of any such IP Rights.

 (b) Filing Responsibility; Notices. Seller shall have the first right, but not the

  
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obligation, to assume responsibility for the preparation, filing prosecution and maintenance of all IP Rights in or to the Joint Materials (“Filing Responsibility”). If Seller
declines Filing Responsibility, then Seller shall provide Owner with written notice thereof no later than sixty (60) days prior to the first applicable statutory bar date or other deadline for filing, registering or otherwise protecting the IP
Rights for the Joint Materials. Within twenty (20) business days of receipt of such notice from Seller, Owner shall provide Seller with written notice confirming Owner’s assumption of Filing Responsibility or declining same. If Owner so
declines, Seller shall have the right, but not the obligation, to resume Filing Responsibility. 
 (c) Costs; Non-Filing
Party’s Rights and Obligations. In all events, the Party assuming Filing Responsibility shall provide, and shall direct its counsel to provide, the other Party (the “Non-Filing Party”) with copies of all such applications
and all correspondence with all applicable offices and authorities (including any official actions and proposed responses thereto) prior to any applicable filing deadline, and shall give the Non-Filing Party a reasonable period of time in which to
provide comments and input on such applications and responses. The costs and expenses incurred by the Party assuming Filing Responsibility, as well as any other reasonable, documented costs associated with protection of the Joint Materials, shall be
shared equally by the Parties. If the Non-Filing Party declines to share in the costs and expenses of Filing Responsibility, then the Non-Filing Party shall and hereby does, upon the written request of the Party assuming Filing Responsibility,
assign to the Party having Filing Responsibility all right, title and interest, including all IP Rights, in and to the Joint Materials in question. 
  

	4.	Restriction On Reverse Engineering. 

 (a) Certain features of the design and fabrication of the PEM Equipment are proprietary trade secrets owned by Seller, the disclosure of which could have a material, adverse effect on Seller’s
opportunities and advantages in the marketplace. The designs, dimensions, materials of construction, software and circuit configurations and other features of the PEM Equipment and its sub-components shall remain the exclusive property of the Seller
under the terms of this PO, subject only to the limited licenses provided herein, and Owner agrees to take all reasonable precautions necessary to maintain the proprietary and trade secret status of the designs, dimensions, materials of
construction, including without limitation, software and circuit configurations. 
 (b) Notwithstanding any other provision in
this PO that may appear to the contrary, Owner agrees not to disassemble, decompile the object code form of PEM Software, analyze the materials of construction, or otherwise reverse engineer, the PEM Equipment or any of its sub-components provided
herein, or to allow any third party to disassemble, decompile PEM Software pertaining to, analyze the materials of construction of, or otherwise reverse engineer, the PEM Equipment or any of its sub-components provided herein. 

(c) Owner shall not modify or otherwise alter the PEM Equipment without the prior written consent of Seller, at Seller’s express
direction (if subsequently confirmed in writing) and/or as necessary by Owner to perform routine or emergency maintenance. 
  

	5.	Confidentiality. 

  
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 (a) Any Confidential Information of one Party (a “Disclosing Party”)
provided or disclosed to the other Party (a “Recipient”), or received by the Recipient through any other means, including but not limited to written communication, oral communication, and visual inspection or observation, shall
remain the exclusive property of the Disclosing Party. Without limiting Buyer’s rights under the licenses granted in this PO, the Confidential Information shall be held by the Recipient and all other persons and entities in strictest
confidence, and, except as permitted under such license rights, the Recipient shall not use, disclose, copy, share, or publish, any Confidential Information for any purpose except as expressly contemplated by this PO and/or the Agreement without
first obtaining the express written consent of the Disclosing Party. The Parties understand and agree that, except for the license rights described above, no such consent is given or shall be deemed to have been given through the provisions of the
Agreement or this PO. Recipient shall avoid any unnecessary copying or other reproductions of any Confidential Information and shall protect the confidentiality of all such copies to the same extent required hereunder of original information. Upon
the termination or expiration of this PO or the revocation of the license hereunder, and at the request of the Disclosing Party, the Recipient shall promptly return to Disclosing Party, without further demand or other request therefor, all
Confidential Information and copies thereof; provided, however, that the foregoing return obligations shall not apply to licensed portions of the Confidential Information. Recipient shall also deliver to Disclosing Party a certificate, signed by an
officer of Recipient, stating that all Confidential Information and copies thereof has been delivered in accordance with the requirements of this PO. 
 (b) A Recipient and all individuals having access to Confidential Information of the other Party or Owner at any time are hereby defined as “Restricted Individuals.” Restricted
Individuals and all other parties that may gain access to Confidential Information shall, as a condition to such access, be made subject to confidentiality terms containing confidentiality, non-disclosure and non-use provisions no less stringent
than the provisions set forth herein. The Recipient agrees to use its best efforts to comply with and ensure the compliance of all Restricted Individuals with the terms of this Article. Notwithstanding the foregoing, any transmission of Confidential
Information, whether to third party contractors or another third party, should be done only on a need-to-know basis so as to prevent broad distribution of Confidential Information. Any transmission of Confidential Information in breach of this
Article shall be deemed a material breach of this Agreement, for which the Recipient will be liable. 
 (c) During the term of
the Agreement, the Restricted Individuals shall not directly or indirectly, on his, her or its own behalf or on behalf of others, or as an individual proprietor, partner, stockholder, officer, employee, director, joint venturer, promoter, sponsor,
member, manager, investor, lender, consultant, or in any other capacity whatsoever: 
 (i) use the Confidential
Information of the Disclosing Party to engage in any design, development, production, manufacture, alteration, or sale of models or demonstration units thereof, that utilize downdraft partial oxidation gasification, plasma heating, joule heating,
and/or combinations of plasma and joule heating except as permitted to create the Improvements contemplated hereby; or 
 (ii) otherwise engage in any business that utilizes the Confidential Information of the Disclosing Party except for such limited uses as are required to effect the Parties’ intent and for performance
under the Agreement and this PO, including, without limitation, in connection with 

  
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the operation of PEM Equipment provided and sold by Seller to a Buyer pursuant to this PO. 
 (d) “Confidential Information” means information, data or materials of a Disclosing Party which are, to the Disclosing Party, secret, proprietary and/or confidential, including as may be
so designated by statute, regulation or common law. The foregoing shall be Confidential Information hereunder irrespective of its field of use, whether it is intangible or tangible, regardless of form, medium or physical format, and whether or not
designated as confidential. Without limiting the foregoing, “Confidential Information” includes: (i) any and all technical proprietary, business, and commercial information relating to the Disclosing Party’s products, including
information relating to the PEM Equipment, Facilities, business, products, customers, operations, financial status, technology and/or intellectual property of the Disclosing Party; (ii) all processes and know-how of a Disclosing Party including
those relating to waste treatment or processing and energy recovery and the design and/or operation of a Party’s products disclosed to or otherwise made available to Recipient hereunder; (iii) all physical embodiments of the technology
referred to in clause “(ii)”, including but not limited to physical equipment and the design, fabrication and operation thereof, blueprints, process flow diagrams, samples, designs, specifications, sketches, concepts and drawings,
operating manuals or instructions, software, operating parameters, and any other items similar to or different from those listed that contain or reflect technical, proprietary, or other confidential information; (iv) trade secrets; and
(v) any information that is designated as Confidential Information elsewhere in the Agreement or in this PO. 
 (e) Except
as expressly set forth above, nothing contained in the Agreement or this PO shall be deemed to grant any right or license to Recipient. 
 (f) The Parties acknowledge and agree that money damages would not be a sufficiently adequate remedy for any breach of Recipient’s confidentiality obligations hereunder. As such, in the case of
material uncured breach by Recipient, the Disclosing Party shall be entitled to seek any and all legal and equitable remedies, including an immediate injunction and specific performance without proof of actual damages, and the immediate return of
any or all Confidential Information (and copies thereof) furnished to Recipient. Such remedies shall not be deemed to be the exclusive remedies for breach of Recipient’s confidentiality obligations hereunder, but shall be in addition to all
other remedies available at law or equity. 
 (g) Recipient will promptly notify Disclosing Party if it discovers any
unauthorized use or disclosure of any Confidential Information and will cooperate in every reasonable manner to assist in recovering and/or preventing any further unauthorized use of such Confidential Information. 

(h) The obligations of this Article shall commence on the Effective Date of this PO and continue through the date that is five
(5) years thereafter or for so long as the Confidential Information is afforded protection as confidential information or trade secret at law. 
  

	6.	Indemnification and Related Obligations. 

 (a) Indemnification and Defense. Seller shall indemnify and hold Owner, and each of its current and former affiliates, predecessors, successors, assigns, officers, directors, members, stockholders,
agents, employees, attorneys, and other professionals (the “Indemnified Parties”) 

  
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harmless from and against any action, claim, cause of action, suit, proceeding or demand of any third party (and all resulting damages, expenses (including, without limitation, reasonable
attorneys’ fees and expenses), judgments, bona fide settlements, penalties, liabilities, costs, or other losses) arising out of or related to any actual or threatened claim of infringement of any IP Rights owned by a third party based upon the
Indemnified Parties possession or use of the PEM System and/or Seller’s Confidential Information. Seller shall have no obligation under this clause “(a)” to the extent that Owner is in breach of this PO for non-payment of the Purchase
Price. 
 (b) Procurement, Modification and Replacement. In addition, if Buyer is prevented by injunction or order from a
court of competent jurisdiction from operating the PEM System provided hereunder Seller shall, at its own cost and expense, use best efforts to procure for the Indemnified Parties a license to continue using the allegedly or potentially infringing
materials of nature and scope the same as or substantially similar to that originally delivered without loss, diminution or degradation of material functionality. If Seller cannot obtain such license after good faith efforts undertaken for a
reasonable period of time, then Seller shall, at its own cost and expense, attempt to modify the allegedly or potentially infringing materials so as to make them non-infringing without loss, diminution or degradation in material functionality. If
Seller cannot make such modification after good faith efforts undertaken for a reasonable period of time, then Seller shall, at its own cost and expense, procure for the applicable Indemnified Party a license to a third party product that shall
serve as a replacement for the allegedly or potentially infringing materials without loss, diminution or degradation in material functionality. 
 (c) Notice; Control of Defense and Settlement. Seller and Buyer shall promptly notify the other in writing, in reasonable detail, of all matters which may give rise to the right to indemnification
hereunder. Seller will have the right to control the defense of actual or threatened claim of infringement of any IP Rights owned by a third party based upon the Indemnified Parties possession or use of the PEM System and/or Seller’s
Confidential Information; including to admit liability, settle, compromise, or discharge any matter covered by this Section without the consent of Owner; provided however, that the foregoing grant of authority shall not permit Seller to, and Seller
is expressly prohibited, unless prior written consent is obtained from Owner, from making any admission, settlement or compromise that might imply or give rise to any fault or liability of Owner or otherwise impact Owner’s operation of the PEM
System. . Buyer may also defend through counsel of its own choosing, at its own expense, any action which may be brought by a third party in connection with the actions described in this Section. If Owner is found in breach of the PO or license and
the infringement claim would have been avoided but for such breach Owner shall reimburse Seller for costs incurred by Seller in its defense and indemnity of Owner hereunder. 

 

	7.	Assignment; Financing Cooperation. 

 Seller shall provide such cooperation as Owner may reasonably request in connection with obtaining third party financing for the Facility including by use as collateral of the IP Rights of Owner
hereunder. In addition, after receipt of a written request from Owner, Seller shall execute and deliver to Owner or the applicable assignee reasonable consents to collateral assignment of the rights of Owner under this PO on customary market terms,
with customary legal opinions with respect to Seller from counsel to Seller, and such estoppel statements certifying among other things that, to the extent they are known to be true in Seller’s knowledge: (a) this PO and its related

  
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Agreement are in full force and effect; (b) no modifications have been made except those disclosed; (c) no disputes or defaults exist; (d) no events have occurred that would, with
the giving of notice or the passage of time, constitute a default under this PO or the Agreement; and (e) all amounts then due and owing have been paid. The reasonable, documented costs actually incurred by Seller to comply with the obligations
in the foregoing sentence shall be reimbursed by Buyer. 
  

	8.	Entire Agreement. 

This PO sets forth the entire, final and exclusive agreement between Owner and Seller and supersedes all prior and contemporaneous
agreements, understandings, negotiations and discussions between them, whether oral or written, regarding Owner’s purchase of PEM Equipment and license to PEM Technology. This PO shall not operate to modify or amend the Agreement or any term or
condition thereof including such terms as may govern Fulcrum or IET’s separate rights and obligations to one another with respect to intellectual property use, ownership or related matters. 

  
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 EXHIBIT C: REIMBURSABLE COSTS SCHEDULE 

Provisions to be covered in each Purchase Order: 
 a. Budgeting process and budgets for Core System covered by PO. 
 b. Definitions
of permissible Reimbursable Seller’s Costs (and excluded costs). 
 c. Agreed mark-ups and multipliers on Seller’s
internal costs (not to exceed 50-100% on labor rates). 
 d. Limitations and approvals for pass-through of affiliate costs.

 e. Review and coordination of bid analysis and major vendor and subcontractor contracts. 

f. Procedures to be followed in the event of budget overruns. 
 g. Accounting, recordkeeping and audit rights. 
 h. Related provisions.

 i. No profit on Seller’s Reimbursable Costs. 

 EXHIBIT D: PERFORMANCE TESTING MATTERS 

Provisions to be covered in each Purchase Order: 
 a. Specification of the Performance Guarantee (i.e., a guarantee that the Core System will produce a specified number of standard cubic feet of synthesis gas (meeting identified specifications) per ton of
feedstock (meeting identified specifications) over a specified time period. 
 b. Testing related procedures. 

c. Related provisions. 

 EXHIBIT E: PDU DEMONSTRATION TEST REQUIREMENTS 

1. General. Seller shall complete a test (the “PDU Test”) of its Process Demonstration Unit (“PDU”) located in Richland, Washington
in accordance with the provisions of this Exhibit E. Seller shall provide Fulcrum no less than three days prior notice of the commencement of the initial Test, and no less than two days prior notice of any subsequent Test that is not commenced
within 24 hours after the termination of any Test. Seller shall reasonably cooperate with Fulcrum to (a) enable Fulcrum representatives to be present at and witness all aspects of PDU Tests and (b) make all test results, data and other
related information available to Fulcrum reasonably promptly after collection or preparation thereof. 
 2. Procedure for Evaluating the PDU
Results Over an [***] Test Period. This Section 2 sets forth certain technical and related maters detailing the nature and purposes of the PDU Test. 
 a. Performance Targets: 
 1. Ability of the PDU to oxidize organic
material - The PDU shall process [***] per hour, for at least [***] of sized and prepared MSW and shall “gasify” at least [***]% of the organic fraction of the feedstock mass by partially oxidizing the feedstock using at least [***]% pure
oxygen as the oxidant. 
 2. Maximum Target. Following the [***] test described above, the feed rate will be
increased to a maximum rate (targeted at [***] per hour), and whatever the maximum feed rate achieved will be held for a period of a least [***]. 
 b. Measurements, analysis and observations to be made during the above testing: 
 1. Ability of the grate to regulate throughput 
 2. Characteristic
of the synthesis gas resulting from the partial-oxidation of the MSW Feedstock - The synthesis gas shall be sampled and analyzed every hour during the [***] test described in item #1. The gas samples shall be analyzed and the following constituents
identified and expressed in mole percentages: oxygen, water, hydrogen, carbon monoxide, carbon dioxide, chlorine, chlorine-compounds, all metals, ash, hydrocarbons and other measurable elements and compounds. 

3. Synthesis gas mass flow - Measure the synthesis gas mass flow over the [***] test period described in item #1 above.

 4. Characterize the MSW in an Elemental Analysis - Determine the Elemental Analysis of the MSW feed-stream
based on [***] random samples of the MSW feed stream taken every four hours over the [***] test period described in item #1. 
 5. Analysis of the grate-pass through material - Take a random sample of grate pass-through material every hour during the [***] test described in item #1. Analyze the

  

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

 
collected samples to determine the amount of carbon and hydrocarbons present in the grate pass-through material. Express the amount of carbon and hydrogen in the pass-through material as a
percentage of total carbon identified in the Elemental Analysis. 
 6. Measure the oxygen used - A mass flow
meter shall be used to measure and accumulate the quantity of oxygen used in the [***] test described in item #1. 
 7. Compare PDU results to Pilot Plant Data - The results shall be analyzed and a heat and material balance calculation that is sufficient to confirm the results of the pilot plant. The results shall be
provided to Fulcrum along with the sampling data and analytical methods used for Fulcrum’s evaluation. 
 c.
Confirmations: 
 1. IET shall confirm the oxygen consumption, synthesis gas composition and
through-put of the commercial gasifier/PEM/TRC unit based on the PDU material balance. The gas composition and through-put expressed in pound-moles of all constituents shall be comparable to the gas composition and through put
provided to Fulcrum and KBR for the pre-FEED effort based on the same feed rate of MSW. 
 2. IET shall
confirm the electric power consumption in the PEM - IET shall confirm the amount of electricity required to convert approximately 100% of the carbon in the grate pass-through material to oxides and melt all non-organic materials. The
calculations shall confirm the power requirements provided to Fulcrum and KBR for the pre-FEED effort based on the same feed rate of MSW. 
 3.
Overall Evaluation of PDU Test. 
 a. Purpose of PDU Test and Successful Completion. The overall purpose of the
PDU Test is to enable IET, as Seller, to establish to the reasonable satisfaction of Fulcrum, as Fulcrum, that (a) the PDU has operated successfully and (b) based on the measurements, analysis, observations and other data (collectively
“Data”) generated by the PDU Test (consistent with Sections 2(c)(1) and (2) above), and the reasonable extrapolation and scaling-up of such Data, the Core Systems proposed to be sold to Fulcrum pursuant to the Agreement will
perform at levels consistent with pre-FEED data provided by Fulcrum to KBR. The PDU Test shall be deemed to have achieved “Successful Completion” if and only when such matters have been established to the reasonable satisfaction of
Seller, acting in good faith. 
 b. Initial [***] Test Period. The PDU Test must achieve a Successful Completion within
[***] following the Agreement Effective Date, as such [***] period may be extended for up to [***] due to delays beyond the reasonable control and not due to the fault of IET, and provided IET has provided prompt notice to Fulcrum of any such delay.
If IET does not achieve a Successful Completion within such time frame, Fulcrum shall have the right by notice to IET to terminate the Agreement and all POs. For the avoidance of doubt, payments made hereunder or in any PO shall not be refunded to
Fulcrum or converted into equity of IET as provided for in Section 3(c) below if Fulcrum terminates this Agreement under this Section 3(b); such amounts shall be 

  

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

 
forfeited and remain the property of IET. 
 c. Second [***] Test
Period. If IET does not achieve a Successful Completion of the PDU Test within the [***] period (as extended, if applicable) described in the preceding paragraph, and Fulcrum has not elected to terminate the Agreement, then the testing period
shall be extended, and IET shall have a second [***] period (commencing upon the expiration of the first period) to achieve a Successful Completion of the PDU Test. The second period also may be extended for up to [***] due to delays beyond the
reasonable control and not due to the fault of IET, and provided IET has provided prompt notice to Fulcrum of any such delay. If IET does not achieve a Successful Completion within such second period, Fulcrum shall again have the right by notice to
IET to terminate the Agreement and all POs. Upon any such termination following the second test period, payments made hereunder or in any PO shall not be refunded to Fulcrum, but Fulcrum shall have an immediate right to receive, and IET shall have
an immediate obligation to issue to Fulcrum, that number of ordinary shares of IET that have an aggregate value (based on valuation of such shares on the Effective Date) in an amount equal to the aggregate amount of all payments theretofore made by
Fulcrum or any Owner to IET under this Agreement or any PO. 

  

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

 EXHIBIT F: DUE DILIGENCE 
 1. Material balances through to the exit of the TRC for Auto Shredder Residue (“ASR”) and Wood that are based on engineering-half ton pilot runs using the 250 TPD nominal capacity
for the Storey County Project and based on an elemental analysis of the feed stream. 
 2. Elemental analysis for the feed stream tied into
the Heat & Material Balance of the Storey County Project for the present MSW case and for the ASR and Wood cases. 
 3. Material
balance confirmation for MSW, ASR and Wood from engineering-half ton pilot runs. 
 4. Capital cost estimate for all components in the Core
System, including a description of what is included in each “skid”. 
 5. Final estimated electrical requirements for the Core
System. 

 EXHIBIT G: DRAW CERTIFICATE CONDITIONS 

Prior to any draw on the letter of credit pursuant to Section 5(b)(ii), authorized officers of Seller shall certify that all of the following
conditions have been satisfied: 
 1. Fulcrum has not made the payment as required by Section 5(b)(i), and Seller is
entitled to draw on the letter of credit under Section 5(b)(ii). 
 2. Seller and Fulcrum (or a Fulcrum designated
Owner) have not failed to enter into a PO for Core System #1, Core System #2 or Core System #3 as a result of Seller’s failure to negotiate with Fulcrum in good faith. 
 3. Seller is not currently in default or breach in any material respect under any provision of the Purchase Agreement, this Agreement, or any PO. 

4. Fulcrum has not provided any clear and convincing evidence of any critical defect or similar problem with the Core Systems or
Seller’s technology (including Seller’s failure to have sufficient proprietary rights in such technology) that is reasonably likely to make use of such Core System or Seller’s technology unfit for its intended purpose, taking into
account all relevant factors, including reasonably likely cures by Seller with respect to any such defect or similar problem. 

5. Neither Fulcrum nor Seller has terminated this Agreement in accordance with its terms, nor has Seller terminated this Agreement other
than in accordance with its terms. 
 6. Seller has not filed any bankruptcy petition, has not had any such petition filed
against, and is not otherwise insolvent. 

 Execution Version 
 FIRST AMENDMENT 
 to the 

MASTER PURCHASE AND LICENSING AGREEMENT 
 between 
 InEnTec LLC 

and 
 Fulcrum
BioEnergy, Inc. 
 This First Amendment to the Master Purchase and Licensing Agreement (“First
Amendment”) is made effective as of this 1st day of May, 2009, by and between InEnTec LLC, a New York limited liability company, formerly known as Integrated Environmental Technologies LLC, a New York limited liability company
(“Seller”, “InEnTec”, or “IET”) and Fulcrum BioEnergy, Inc. a Delaware corporation (“Fulcrum”), and amends that certain Master Purchase and Licensing Agreement, dated April 1,
2008 (the “Agreement”), by and between IET and Fulcrum. 
 WITNESSETH: 

WHEREAS, InEnTec and Fulcrum are the parties to the Agreement; 
 WHEREAS, the parties desire to amend the Agreement on the terms and conditions set forth herein; and 
 WHEREAS, initially capitalized terms used but not defined in this First Amendment have the meanings given in the Agreement. 
 NOW, THEREFORE, in consideration of the foregoing premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, InEnTec and
Fulcrum hereby agree as follows: 
 1. Amendment to Section 1 of the Agreement. Section 1 of the Agreement is
deleted in its entirety and replaced with the following: 
 “1. Agreement to Purchase and Sell; Quantity

 (a) Purchase of Core Systems. Fulcrum agrees to purchase (or to cause Owners to purchase) from Seller,
and Seller agrees to sell to Fulcrum (or Owners), G500P PEMTM Systems and related equipment and materials (the “Equipment”), in the quantity and subject to the terms and conditions set forth in this Contract and each PO.

  

					
		 	Page 1	 	Confidential

 
The Equipment is more fully described in Exhibit A to this Contract, which is incorporated by reference as if fully set forth herein. Individual packages of Equipment consisting of two
G500P PEMTM Systems are sometimes referred to herein as a “Core System.” 
 (b)
Number of Core Systems Subject to Contract. Subject to all terms and conditions of this Agreement, Seller agrees to sell to Fulcrum (or Owners) up to 50 Core Systems for any use designated by Fulcrum that is within the Field. Each Core System
purchased under this Contract shall be installed and used only in the Territory. 
 (c) Certain
Definitions. For purposes of this Agreement, the following definitions apply: 
 (i) The term
“Field” means use of the Core System where the feedstock to the Core System does not include Hazardous Waste, Medical Waste or chemical manufacturing waste, except in each case in nonmaterial amounts that are present in other
feedstock sources. 
 (ii) The term “Hazardous Waste” includes (1) any material
defined as “hazardous waste” under 40 C.F.R. Part 261; (2) any material defined as hazardous waste, dangerous waste, toxic waste or similar terms under state laws implementing the federal Resource Conservation and Recovery Act, other
applicable state or national law or that is otherwise regulated by state or national law in a manner similar to hazardous waste; and (3) any material that would be included in subsections (1) or (2) of this paragraph if it were
disposed as waste. 
 (iii) The term “Medical Waste” includes waste generated by medical
facilities, pharmaceutical manufactures, and pharmaceutical reverse distributors and waste regulated as medical, biomedical, biohazardous, or pharmaceutical waste by applicable federal or state law. 

(iv) The term “Territory” means the United States of America and Canada, but excludes the state of
Montana and Benton, Franklin, and Walla Walla Counties in the state of Washington. 
 (d) Minimum Purchase of
Ten Core Systems. Fulcrum agrees to purchase (or cause Owners to purchase) at least ten Core Systems from Seller, and the purchase of Core Systems from and after the initial ten Core Systems shall be in Fulcrum’s discretion, although such
purchases shall be in accordance with the terms and conditions of this Contract and the POs. 
 (e) Federal
Contracting. For a period of five years from the effective date of this First Amendment, when and if Fulcrum desires to develop a project using Core Systems that involves federal contracts and Fulcrum desires to engage an outside

  

					
		 	Page 2	 	Confidential

 
consultant to conduct marketing for the project to the federal government on its behalf, Fulcrum shall use reasonable efforts to notify Tepa Technologies, LLC (“Tepa”) of
such desire and to consider a proposal by Tepa for the provision of such marketing services by Tepa on Fulcrum’s behalf. For the avoidance of doubt, nothing in this Section 1(e) shall obligate Fulcrum (or an Owner) to engage or use Tepa in
any way in connection with any project, including in connection with any marketing to the federal government.” 
 2.
Amendment to Section 5 of the Agreement. Section 5(b)(i) and Section 5(b)(ii) are deleted in their entirety and replaced with the following: 
 “(b) Payment Schedule for Core Systems #2 and #3. 
 (i)
Issuance of Notice to Proceed Under Purchase Order No. 1. On October 3, 2008, Fulcrum paid Seller $[***] which amount the Parties agree is to be applied by Seller as partial payment of the License Fees for Core System #2 and Core
System #3. The remaining $[***] of the License Fees for Core System #2 and Core System #3 shall become due and payable upon the issuance of the Notice to Proceed under that certain InEnTec LLC Purchase Order Contract and License for G500 PEM System
(Purchase Order No. 1), dated as of May 1, 2009, between Seller and Fulcrum Sierra BioFuels, LLC, or under any other PO under this Agreement, whichever first occurs. 

(ii) Intentionally deleted.” 
 3. Amendment to Exhibit G of the Agreement. Exhibit G to the Agreement is deleted in its entirety. 
 4. Effectiveness of the Agreement. Except as expressly provided herein, nothing in this First Amendment shall be deemed to waive or modify any of the provisions of the Agreement, and the parties
hereto hereby ratify and confirm the provisions of the Agreement, as amended in Sections 1 through 3 above. In the event of any conflict between the Agreement and this First Amendment, this First Amendment shall prevail. 

5. Miscellaneous. This First Amendment is solely for the benefit of the parties hereto (and their respective successors and
assigns), and no other person or entity shall have any rights under, or because of the existence of, this First Amendment. This First Amendment shall be governed by and construed in accordance with the laws of the State of New York without regard to
conflict of laws principles. The headings of the several sections and subsections of this First Amendment are inserted for convenience only and shall not in any way affect the meaning or construction of any provision of this First Amendment. Any and
all notices, requests, certificates and other documents or instruments executed and delivered concurrently with or after the execution and delivery of this First Amendment may refer to the Agreement without making specific reference to this First
Amendment, but all such references shall be deemed to include this First Amendment, unless the context shall otherwise require. 

  

					
		 	Page 3	 	Confidential

  

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

 
This First Amendment may be executed in two or more counterparts, each of which shall be deemed to be an original, but all of which shall together constitute one and the same instrument.

 [Remainder of the page intentionally left blank; signature page follows.] 

  

					
		 	Page 4	 	Confidential

 IN WITNESS WHEREOF, the parties have executed this First Amendment, effective as of the date
first written above. 
  

									
	InEnTec LLC	 		 	Fulcrum BioEnergy, Inc.
					
	By:	 	 /s/ Jeffrey E. Surma
	 		 	By:	 	 /s/ E. James Macias

		 	Jeffrey E. Surma	 		 		 	Name: E. James Macias
		 	President and CEO	 		 		 	Title: President and Chief Executive Officer

  

			
		 	Confidential
	  
 [Signature page to First Amendment to
Master Purchase and Licensing Agreement]Purchase Order Contract and License

 Exhibit 10.4 
 Execution Version 
 InEnTec LLC 

Purchase Order Contract and License 
 for 
 G500P PEM System 

 

			
	Purchase Order Summary
	PO Reference Number:	  	1
		
	Owner:	  	Fulcrum Sierra BioFuels, LLC, a Delaware limited liability company
		
	Project Location:	  	3501 Peru Drive, McCarran, Nevada, located in Storey County.
		
	PO Date:	  	May 1, 2009

  

			
	Confidential	 	Purchase Order No. 1

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
		
	 Article 1.    DEFINITIONS; GENERAL REFERENCES
	  	 	1	  
	     1.1
	  	Defined Terms	  	 	1	  
	     1.2
	  	General References	  	 	8	  
		
	 Article 2.    CONTRACT DOCUMENTS
	  	 	8	  
	     2.1
	  	Contract Documents	  	 	8	  
	     2.2
	  	Relationship of Contract to MPLA	  	 	8	  
		
	 Article 3.    SCOPE OF SUPPLY AND SERVICES AND CONTRACT SCHEDULE
	  	 	8	  
	     3.1
	  	General Scope of Supply and Services	  	 	8	  
	     3.2
	  	Support Services	  	 	8	  
	     3.3
	  	Notice to Proceed	  	 	8	  
	     3.4
	  	Contract Schedule	  	 	9	  
		
	 Article 4.    CONTRACT PRICE, BUDGETING AND PAYMENT TERMS
	  	 	9	  
	     4.1
	  	Contract Price	  	 	9	  
	     4.2
	  	General Payment Schedule	  	 	9	  
	     4.3
	  	Control Budget	  	 	9	  
	     4.4
	  	Invoices and Other Deliverables	  	 	10	  
	     4.5
	  	Funding of Expense Account	  	 	11	  
	     4.6
	  	Payments From Expense Account	  	 	11	  
	     4.7
	  	[Omitted]	  	 	11	  
	     4.8
	  	Final Payment	  	 	11	  
	     4.9
	  	Payments Not Acceptance of PEM System or Services	  	 	12	  
	     4.10
	  	Financial Insecurity	  	 	12	  
		
	 Article 5.    CHANGES
	  	 	12	  
	     5.1
	  	Changes	  	 	12	  
	     5.2
	  	Contract Adjustment	  	 	12	  
		
	 Article 6.    DELIVERY; Title TRANSFER, installation, ETC.
	  	 	12	  
	     6.1
	  	Delivery	  	 	12	  
	     6.2
	  	Transfer of Title	  	 	13	  
	     6.3
	  	Risk of Loss	  	 	13	  
	     6.4
	  	Purchase Money Security Interest	  	 	13	  
	     6.5
	  	Warranty of Title	  	 	13	  
	     6.6
	  	Installation	  	 	13	  
	     6.7
	  	Owner Inspection Rights	  	 	13	  
		
	 Article 7.    WARRANTIES
	  	 	14	  
	     7.1
	  	Generally	  	 	14	  

  

					
	Confidential	 	i	 	Purchase Order No. 1

							
	     7.2
	  	Period	  	 	15	  
	     7.3
	  	Conditions	  	 	15	  
	     7.4
	  	Remedies	  	 	16	  
	     7.5
	  	Performance of Warranty Work	  	 	16	  
	     7.6
	  	Repaired PEM System Warranty	  	 	16	  
	     7.7
	  	Warranty Transfer	  	 	17	  
	     7.8
	  	LIMITATIONS	  	 	17	  
	     7.9
	  	Exclusive Remedies	  	 	17	  
	     7.10
	  	Warranty Exclusions	  	 	17	  
	     7.11
	  	Disputed Warranty Claims	  	 	17	  
	     7.12
	  	Third Party Warranties	  	 	18	  
	     7.13
	  	Limitation on Intended Users	  	 	18	  
		
	 Article 8.    PERFORMANCE GUARANTEES AND TESTS
	  	 	18	  
	     8.1
	  	Performance Guarantees	  	 	18	  
	     8.2
	  	Performance Tests; Liquidated Damages	  	 	18	  
	     8.3
	  	Acceptance Date	  	 	19	  
		
	 Article 9.    INDEMNIFICATION
	  	 	20	  
	     9.1
	  	General Indemnity	  	 	20	  
	     9.2
	  	Employee Claims	  	 	20	  
	     9.3
	  	Proprietary Rights	  	 	20	  
	     9.4
	  	Lien Indemnity	  	 	21	  
	     9.5
	  	[Intentionally Omitted]	  	 	21	  
	     9.6
	  	Notice of Claim; Control of Defense or Settlement	  	 	21	  
	     9.7
	  	Term of Indemnities	  	 	22	  
		
	 Article 10.    COMPLIANCE WITH LAWS AND STANDARDS AND CODES
	  	 	23	  
	     10.1
	  	Generally	  	 	23	  
	     10.2
	  	Changes in Law, etc.	  	 	23	  
	     10.3
	  	Owner Obligations	  	 	23	  
		
	 Article 11.    INSURANCE
	  	 	23	  
	     11.1
	  	Coverage	  	 	23	  
		
	 Article 12.    TERMINATION AND SUSPENSION
	  	 	23	  
	     12.1
	  	Owner’s Right to Terminate for Cause	  	 	23	  
	     12.2
	  	Seller’s Right to Terminate for Cause	  	 	24	  
	     12.3
	  	Infringement or Misappropriation of Proprietary Materials	  	 	25	  
	     12.4
	  	Consequences of Owner’s Termination	  	 	25	  
	     12.5
	  	Termination for Convenience; Failure to Issue a Notice to Proceed	  	 	26	  
	     12.6
	  	Suspension and/or Change in Project	  	 	26	  
		
	 Article 13.    LIMITATION ON LIABILITY
	  	 	27	  
	     13.1
	  	Limitation On Damages	  	 	27	  
	     13.2
	  	Extent of Waivers	  	 	27	  

  

					
	Confidential	 	ii	 	Purchase Order No. 1

							
	 Article 14.    CONSTRUCTION MANAGER
	  	 	27	  
	     14.1
	  	Construction Manager	  	 	27	  
		
	 Article 15.    FORCE MAJEURE
	  	 	28	  
	     15.1
	  	Excuse by Force Majeure	  	 	28	  
		
	 Article 16.    LICENSE GRANTS
	  	 	28	  
	     16.1
	  	Grant of Licenses and Acknowledgement	  	 	28	  
		
	 Article 17.    Derivative works, improvement patents and new materials
	  	 	29	  
	     17.1
	  	General	  	 	29	  
	     17.2
	  	Ownership of Derivative Works	  	 	29	  
	     17.3
	  	Ownership of New Materials	  	 	29	  
	     17.4
	  	Ownership of Improvements; Grant-back Licenses	  	 	29	  
	     17.5
	  	Development of Joint Materials	  	 	30	  
		
	 Article 18.    MISCELLANEOUS
	  	 	31	  
	     18.1
	  	Liquidated Damages Not Penalty	  	 	31	  
	     18.2
	  	Restriction On Reverse Engineering	  	 	31	  
	     18.3
	  	Advertising	  	 	32	  
	     18.4
	  	Subcontractors	  	 	32	  
	     18.5
	  	Dispute Resolution	  	 	33	  
	     18.6
	  	Assignment and Delegation	  	 	33	  
	     18.7
	  	Severability	  	 	34	  
	     18.8
	  	Amendments	  	 	34	  
	     18.9
	  	Joint Effort	  	 	34	  
	     18.10
	  	Captions	  	 	34	  
	     18.11
	  	Non-Waiver	  	 	34	  
	     18.12
	  	Applicable Law	  	 	35	  
	     18.13
	  	Successors and Assigns	  	 	35	  
	     18.14
	  	Independent Contractor Status	  	 	35	  
	     18.15
	  	Financing Assistance	  	 	35	  
	     18.16
	  	Counterparts	  	 	35	  
	     18.17
	  	Notices	  	 	35	  
	     18.18
	  	Complete Contract	  	 	36	  
	     18.19
	  	Owner’s Review of Seller’s Data	  	 	37	  
	     18.20
	  	No Recourse	  	 	37	  
	     18.21
	  	Representations	  	 	37	  
	     18.22
	  	Site Access	  	 	38	  
	     18.23
	  	Survival	  	 	38	  
	     18.24
	  	Third Parties	  	 	38	  
	     18.25
	  	Confidentiality	  	 	38	  

  

					
	Confidential	 	iii	 	Purchase Order No. 1

 EXHIBITS 

 

			
	Exhibit A	  	PEM Equipment Description
	Exhibit B	  	Primary Services Description
	Exhibit C	  	Control Budget
	Exhibit D	  	Contract Schedule
	Exhibit E	  	Performance Guarantees and Testing Schedule
	Exhibit F	  	Performance Guarantees Liquidated Damages Amounts
	Exhibit G	  	Insurance Requirements
	Exhibit H	  	Reimbursable Costs Terms and Conditions
	Exhibit I	  	Labor Rates and Mark-Ups
	Exhibit J	  	Special Contract Terms

  

					
	Confidential	 	iv	 	Purchase Order No. 1

 PURCHASE ORDER CONTRACT AND LICENSE 

THIS PURCHASE ORDER CONTRACT AND LICENSE (this “Contract” or “PO”) is entered into as of May 1,
2009 (the “Effective Date”), by and between Fulcrum Sierra BioFuels, LLC, a Delaware limited liability company (together with its successors and permitted assigns) (“Owner”), and InEnTec LLC, a New York limited
liability company previously known as Integrated Environmental Technologies LLC (“Seller”). 
 WHEREAS, Owner
is developing a project for converting waste materials into syngas and liquid fuels (the “Project”) to be located at the Site identified herein; and 
 WHEREAS, in connection with the Project, Owner desires to purchase and obtain from Seller the PEM System, the Services and the license rights identified herein, all on the terms and conditions hereof.

 NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Parties hereby agree as follows: 

ARTICLE 1. DEFINITIONS; GENERAL REFERENCES 
 1.1 Defined Terms. The following terms shall have the following meanings when used in this Contract, unless the context requires otherwise: 

“AAA” has the meaning set forth in Section 18.5.2. 

“Acceptance Certificate” has the meaning set forth in Section 8.3. 

“Acceptance Date” means the date on which (i) the PEM Equipment (and any PEM Technology necessary to operate the
PEM Equipment) has been fully provided and installed in accordance with the provisions of this Contract; (ii) each of the Performance Guarantees has been met as demonstrated pursuant to the Performance Tests or, in the event that any
Performance Guarantee has not been met, Seller has paid Owner liquidated damages in respect thereof in accordance with the provisions of this Contract; and (iii) all Services required to be performed as of the time conditions (i) and
(ii) have been met have been performed in accordance with the provisions of this Contract. 
 “Affiliate”
means, with respect to a specified Person, any other person that directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with the entity specified. For purposes of the foregoing,
“control,” “controlled by” and “under common control with,” with respect to any Person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of
such Person, whether through the ownership of voting securities or by contract or otherwise. 
 “Change” has
the meaning set forth in Section 5.1. 
 “Change Order” has the meaning set forth in
Section 5.2. 

  

					
	Confidential	 	1	 	Purchase Order No. 1

 “Confidential Information” has the meaning set forth in
Section 18.25.4. 
 “Construction Manager” has the meaning set forth in Section 14.1.

 “Consulting Engineer” means any engineering firm retained by Lenders as their consulting engineer with
respect to the Project. 
 “Contract” or “PO” means this Purchase Order Contract and License,
including all exhibits hereto, as amended from time to time. 
 “Contract Price” has the meaning set forth in
Section 4.1. 
 “Contract Schedule” means the schedule for engineering, fabricating, delivering and
installing the PEM System, as set forth on Exhibit D. 
 “Control Budget” has the meaning set forth in
Section 4.3.1.  
 “Cost Overrun” has the meaning set forth in Section 4.3.1.

 “Credit Agreement” means the agreement or agreements, if any, between Owner and a Lender providing
construction and/or term financing or refinancing for the Project. 
 “Day” (or “day”) means a
calendar day, unless expressly stated otherwise. 
 “Derivative Works” has the meaning ascribed to it in Title
17 U.S.C., but in all events shall apply to additions, changes, or other statutorily specified new material appearing for the first time in the applicable item or work hereunder. 

“Disclosing Party” has the meaning set forth in Section 18.25.1. 

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

“Expense Account” has the meaning set forth in Section 4.2.3. 

“Field” means use of the PEM System where the feedstock to the PEM System does not include Hazardous Waste, Medical
Waste or chemical manufacturing waste, except in each case in nonmaterial amounts that are present in other feedstock sources. 

“Filing Responsibility” has the meaning set forth in Section 17.5.2. 

“Force Majeure” has the meaning set forth in Section 15.1. 

“Hazardous Waste” means (i) any material defined as “hazardous waste” under 40 C.F.R. Part 261;
(ii) any material defined as hazardous waste, dangerous waste, toxic waste or similar terms under state Laws implementing the federal Resource Conservation and Recovery Act, other applicable state or national Laws or that is otherwise regulated
by state or national Law in a manner similar to hazardous waste; and (iii) any material that would be included in subsections (i) or (ii) of this definition if it were disposed as waste. 

  

					
	Confidential	 	2	 	Purchase Order No. 1

 “Impasse Notice” has the meaning set forth in Section 18.5.1.

 “Improvements” means any patentable invention or discovery that is reduced to practice, whether or not it is
actually patented, during the term of this Contract and which constitutes a modification, enhancement, customization, adaptation, addition to or change in any process, method or system that is already patented by or covered by the subject matter of,
or the claims under a patent pending, applied for or issued to the applicable Party at any time during the term of this Contract. 
 “Indemnitee” means an Owner Indemnitee or a Seller Indemnitee, as the context requires. 
 “Initial Start-Up” means the first insertion of feedstock and/or glass formers into the PEM System. 
 “Invoice” has the meaning set forth in Section 4.4(a). 
 “IP Rights” means all intellectual property rights throughout the world, whether existing under statute or at common law or equity, now or hereafter in force or recognized, including:
(i) copyrights, trade secrets, trademarks, patents, inventions, designs and trade dress, “moral rights,” mask works, publicity rights, privacy rights and any other intellectual property and proprietary rights; and (ii) any
application or right to apply for any of the rights referred to in preceding clause (i) and any and all renewals, extensions and restorations thereof. 
 “Joint Materials” has the meaning set forth in Section 17.5.1. 
 “Laws” means all applicable laws, statutes, rules, regulations, orders and ordinances or specified standards or objective criteria contained in any applicable license, permit or approval,
or other legislative or administrative act, of the United States of America or any state, agency, department, authority, political subdivision or other instrumentality thereof, or a decree, judgment or order of a court, including those governing
wages, hours, employment discrimination and safety, laws regarding workers’ compensation, disability laws and employee benefit laws. 
 “LD Cap” means fifty percent (50%) of the License Fee. 

“LD Payment Date” has the meaning set forth in Section 8.2.3. 

“Lender” means any lender, lenders or other persons, if any, providing construction and/or term debt or other financing
for the Project or other credit support or any replacement therefor or successor thereto. 
 “License Fee”
means [***] Dollars ($[***]), which represents the license fee payable for license of the PEM Technology embedded in or delivered as part of the PEM System supplied under this Contract. 

“Liquidated Damages Amount” means with respect to the failure of the PEM System to meet the Performance Guarantees, the
amount determined in accordance with Exhibit F. 

  

					
	Confidential	 	3	 	Purchase Order No. 1

  

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

 “Losses” has the meaning given in Section 9.1.1. 

“Management Representative” has the meaning set forth in Section 18.5.1. 

“Medical Waste” means waste generated by medical facilities, pharmaceutical manufacturers, and pharmaceutical reverse
distributors and waste regulated as medical, biomedical, biohazardous, or pharmaceutical waste by applicable federal or state Law. 
 “MPLA” means that certain Master Purchase and Licensing Agreement, dated as of April 1, 2008, as amended from time to time, by and between Seller and Fulcrum BioEnergy, Inc., a
Delaware corporation. 
 “Negotiation Period” has the meaning set forth in Section 18.5.1.

 “New Materials” has the meaning set forth in Section 17.1. 

“Non-Filing Party” has the meaning set forth in Section 17.4.3. 

“Notice to Proceed” has the meaning set forth in Section 3.3. 

“Notifying Party” has the meaning set forth in Section 17.5.3. 

“Operating and Maintenance Manuals” has the meaning set forth in Exhibit B. 

“Owner” means the Owner identified in the preamble and on the PO Summary, together with its successors and permitted
assigns. 
 “Owner Improvements to PEM Technology” has the meaning set forth in Section 17.4.2.1.

 “Owner Indemnitees” has the meaning set forth in Section 9.1.1. 

“Owner Technology” means all Proprietary Materials: (i) owned, developed or licensed by or on behalf of Owner prior
to the Effective Date; (ii) owned, developed or licensed by or on behalf of Owner subsequent to the Effective Date but independent of and separate from the MPLA or this Contract; and/or (iii) invented, developed or discovered by Owner,
acting alone or with others, and which are owned by Owner pursuant to Section 16.1 and Article 17 of this Contract. As used hereunder, but without limiting Owner’s IP Rights thereto outside of this Contract, in no case
will “Owner Technology” be construed to include gas to liquid conversion technology, nor shall Owner be required to deliver to Seller, via license or otherwise, any of Owner’s inventions, discoveries and/or works of authorship
(whether or not patentable, published, reduced to practice or recorded in a medium) related to gas to liquid conversion technology or trade secrets, know-how, methods, processes or formulae related thereto. In addition, in no event shall the PEM
System or Improvements to the PEM System be included in “Owner Technology”. 
 “Party” shall mean
Owner or Seller and “Parties” shall mean Owner and Seller, collectively. 

  

					
	Confidential	 	4	 	Purchase Order No. 1

 “Payment Documentation” has the meaning set forth in
Section 4.4. 
 “PEM Documentation” means written and electronic user manuals, technical
documentation, guides and reference materials related to the PEM System, and all the input, processing and output detail for each material feature and function of the PEM System and shall further include descriptions of procedures, operations,
maintenance and continuous improvement management as would allow Owner’s employees and contractors to operate and maintain the PEM System, including that documentation described in Exhibit B. 

“PEM Equipment” means all of equipment that Seller is required to provide to Owner under this Contract, as specified in
the PEM Equipment Description, including the Refractory (i.e., the PEM reactor and thermal residence chamber, and partial oxidation gasifier) and all related controls, power supplies, metals and vitrate recovery equipment embodying, and into which
Seller has embedded all or portions of, the PEM Technology, all as more specifically identified in the PEM Equipment Description. 
 “PEM Equipment Description” means the PEM Equipment Description attached hereto as Exhibit A. 
 “PEM Method” means, to the extent already described in Seller’s patent claims or otherwise reduced to writing in the PEM Specification or PEM Documentation, methods, processes and
techniques for: (i) converting organic materials into carbon monoxide, hydrogen and carbon dioxide (syngas) utilizing plasma heating, joule heating, and/or combinations of plasma and joule heating; and (ii) configuring equipment and
machinery for use in connection with the foregoing. 
 “PEM Software” means all runtime and non-runtime
machine-readable, executable object code, human readable source code, commented source code, and other computer formatting, programming or scripting code together with all prototypes, models, designs, business plans, files, templates, libraries,
tools, graphics, screen displays, user-interfaces, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae related to the foregoing related to the operation, use and enjoyment of the PEM Equipment.

 “PEM Specification” means written and electronic materials describing and documenting the operating
parameters, boundary conditions, utility requirements, heat and materials balances and other technical and operations specifications and procedures for siting, configuration, use, and operation of the PEM System and shall further include schematics,
workflows, diagrams and descriptions as would allow Owner’s employees and contractors to operate and maintain the PEM System, including those materials described in Exhibit B. 

“PEM System” means the PEM Technology and PEM Equipment, collectively. 

“PEM Technology” means, the PEM Method, PEM Software, PEM Documentation, PEM Specifications and all Proprietary
Materials related to, necessary for or useful in the operation, use and enjoyment of the PEM Equipment by authorized purchasers. 
 “Performance Guarantees” means the performance guarantees described in the Performance Guarantees and Testing Schedule. 

  

					
	Confidential	 	5	 	Purchase Order No. 1

 “Performance Guarantees and Testing Schedule” means the Performance
Guarantees and Testing Schedule attached hereto as Exhibit E. 
 “Performance Test(s)” means the
performance tests described in the Performance Guarantees and Testing Schedule. 
 “Permitted Liens” has the
meaning set forth in Section 6.5. 
 “Person” means any individual, partnership, corporation,
association, business, trust, government or political subdivision thereof, governmental agency or other entity. 
 “PO
Summary” means the Purchase Order Summary set forth on the cover sheet of this Agreement. 
 “Primary
Services” means all of the services provided by Seller under or in connection with this Contract, including the services described in the Primary Services Description, but excluding the Support Services. 

“Primary Services Description” means the Services Description attached hereto as Exhibit B. 

“Project” has the meaning set forth in the Recitals. 

“Proprietary Materials” means all of the following to the extent not already covered by the definition of the PEM System
or Owner Technology: 
 (i) all inventions and discoveries, other than Improvements, whether or not patentable, reduced to
practice or recorded in a medium together with all prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae,
manuals, guides and reference materials embodying any of the foregoing in any form or medium; 
 (ii) all logos, brand names,
Internet domain names, trade dress, trade names, assumed names, fictitious names and all graphics, words, symbols or other tangible materials designed or intended to identify Owner, Seller or either of their third party licensors as the source of
goods or services; 
 (iii) all published and unpublished works of authorship, other than Derivative Works, together with all
prototypes, models, designs, business plans, files, templates, libraries, tools, graphics, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms, formulae, manuals, guides and reference materials embodying any of
the foregoing in any form or medium; 
 (iv) all tangible materials, data, information, reports and technologies and all
intangible ideas, know-how, concepts, methods, techniques, practices, procedures, rules and processes, together with all prototypes, models, designs, business plans, files, templates libraries, tools, graphics, creative content, schematics,
drawings, flowcharts, diagrams, specifications, algorithms, formulae, manuals, guides and reference materials embodying any of the foregoing 

  

					
	Confidential	 	6	 	Purchase Order No. 1

 
in any form or medium; and 
 (v) all runtime and non-runtime
machine-readable, executable object code, human readable source code, commented source code, and other computer formatting, programming or scripting code together with all prototypes, models, designs, business plans, files, templates, libraries,
tools, graphics, screen displays, user-interfaces, creative content, schematics, drawings, flowcharts, diagrams, specifications, algorithms and formulae related to the foregoing. 

“Recipient” has the meaning set forth in Section 18.25.1. 

“Refractory” or “Refractories” means the internal lining installed inside each of the partial oxidation
gasifier, PEM reactor and thermal residence chamber, as specifically designated as such on Exhibit A. 

“Reimbursable Costs” has the meaning set forth in Section 1.1 of Exhibit H. 

“Related Party” has the meaning set forth in Section 3.1 of Exhibit H. 

“Restricted Individuals” has the meaning set forth in Section 18.25.2. 

“Seller” means InEnTec LLC, a New York limited liability company. 

“Seller Improvements to Owner Technology” has the meaning set forth in Section 17.4.1.1. 

“Seller Indemnitees” has the meaning set forth in Section 9.1.2. 

“Services” means all of the Primary Services and the Support Services. 

“Site” means the real property on which the Project is to be constructed, as identified in the PO Summary. 

“Standards and Codes” means, collectively, all standards and codes applicable to the Services and the design,
engineering, fabrication, installation and start-up of the PEM System. 
 “Start-Up” shall mean the period of
preparing the PEM System, and the balance of the equipment at the Project that is not specifically designated as PEM System, for Initial Start-Up, and the commissioning, shaking down, and testing of the PEM System. 

“Supervisory Installation Manual” has the meaning set forth in Exhibit B. 

“Support Services” has the meaning set forth in Section 3.2. 

“Territory” means the United States of America and Canada, but excludes the state of Montana and Benton, Franklin, and
Walla Walla Counties in the state of Washington. 
 “Warranty Period” has the meaning set forth in
Section 7.2. 

  

					
	Confidential	 	7	 	Purchase Order No. 1

 1.2 General References. As used in this Contract, the terms “herein,”
“herewith” and “hereof” are references to this Contract, taken as a whole, the term “includes” or “including” shall mean “including, without limitation,” and references to a “Section,”
“subsection,” “clause,” “Article” or “Exhibit” shall mean a Section, subsection, clause, Article or Exhibit of this Contract, as the case may be, unless in any such case the context requires otherwise.
All references to a given agreement, instrument or other document, or to any Law, Standard or Code, shall be a reference to such agreement, instrument or other document, or to such Law, Standard or Code, as modified, amended, supplemented and/or
restated from time to time. Reference to a person or party includes its successors and permitted assigns. The singular shall include the plural and the masculine shall include the feminine and neuter, and vice versa. 

ARTICLE 2. CONTRACT DOCUMENTS 
 2.1 Contract Documents. This Contract consists of this “Purchase Order Contract and License” document itself and each of the Exhibits attached hereto, each of which is hereby incorporated
herein and made a part hereof by this reference. 
 2.2 Relationship of Contract to MPLA. This Contract shall for all
purposes be a completely separate and independent contract from the MPLA, and shall be enforced, interpreted and administered based solely on the terms, conditions and performance of this Contract, and without reference to the terms, conditions,
performance or status of the MPLA, except as may otherwise be expressly set forth in this Contract. 
 ARTICLE 3. SCOPE OF
SUPPLY AND SERVICES AND CONTRACT SCHEDULE 
 3.1 General Scope of Supply and Services. Seller shall provide the PEM
System and perform all of the Services in accordance with the provisions of this Contract, including the provisions of Exhibit A and Exhibit B. 
 3.2 Support Services. Following the Acceptance Date, Seller shall provide one technical employee to support commencement of commercial operations and operation of the PEM System for up to twelve
(12) months following the Acceptance Date (the “Support Services”), until such time as Seller and Owner mutually agree that such Support Services are no longer reasonably necessary. Owner shall pay Seller for all Reimbursable
Costs related to the Support Services plus twenty percent (20%) of such amounts. If Seller and Owner mutually agree that such Support Services are no longer reasonably necessary prior to the expiration of the twelve (12) month period
described in this Section 3.2, then Seller shall, at its option, have the right to keep such employee at the Site for the remainder of such twelve (12) month period at Seller’s sole cost and expense. 

3.3 Notice to Proceed. Owner hereby authorizes Seller to commence preliminary work under this Contract as of the Effective Date
and to incur costs on such work up to a maximum of $250,000, to be reimbursed by Owner. This maximum amount may be increased in writing by Owner. Owner shall provide Seller with a formal written full notice to proceed (the “Notice to
Proceed”) when Owner desires Seller to commence fabrication of the PEM Equipment, and Seller shall not incur any Reimbursable Costs in excess of the amount authorized by this Section until issuance of such Notice to Proceed. 

  

					
	Confidential	 	8	 	Purchase Order No. 1

 3.4 Contract Schedule. Following the delivery of the Notice to Proceed, Seller shall
deliver the PEM System, provide the Services and otherwise perform its work hereunder in accordance with the Contract Schedule. The Contract Schedule may be modified only with the mutual agreement of both Parties or in accordance with the provisions
of this Contract. 
 ARTICLE 4. CONTRACT PRICE, BUDGETING AND PAYMENT TERMS 

4.1 Contract Price. The total amount payable by Owner to Seller for the PEM System, the Primary Services and the license rights
granted to Owner hereunder (such total amount, the “Contract Price”) shall be equal to the sum of (i) all of the Reimbursable Costs plus (ii) the License Fee. 

4.2 General Payment Schedule. 
 4.2.1 Prepayment. The Parties acknowledge that prior to the date hereof, Owner has paid or cause to be paid to Seller $[***] as a nonrefundable payment, receipt of which is hereby acknowledged by
Seller, which has been applied against the License Fee. 
 4.2.2 Effective Date Payment. Within one business day
following the Effective Date, Owner shall pay to Seller $[***] as a nonrefundable payment to be applied to the balance of the unpaid License Fee. 
 4.2.3 Notice to Proceed Payment and Expense Account. Within 24 hours of the date of the Notice to Proceed, Owner shall pay to Seller $[***] as a nonrefundable prepayment (subject to Article
12) against Reimbursable Costs. Such payments shall be deposited into a segregated Seller bank account at Seller’s selected bank (of if Owner reasonably objects to Seller’s selected bank, at a bank mutually agreed by the Parties) (the
“Expense Account”), shall not be commingled with any other funds, and shall be used and applied by Seller solely for the payment of Reimbursable Costs strictly in accordance with the terms and conditions of this Contract.

 4.2.4 Payment of Reimbursable Costs. Following the date of the Notice to Proceed, Owner shall make payments to the
Expense Account to fund Reimbursable Costs in the amounts, at the times and otherwise in the manner described in Section 4.5. 
 4.2.5 Late Payments. Late payments under this Contract shall bear interest at the lesser of the maximum rate permitted by Law or one and one half percent (1.5%) per month from the original due
date to the date of payment. 
 4.3 Control Budget. 

4.3.1 Generally. For purposes hereof, “Control Budget” means the budget for Reimbursable Costs as may be amended
from time to time in accordance with this Section or with Section 5.2, the initial agreed version of which is attached hereto as Exhibit C. The Control Budget shall include all estimated Reimbursable Costs to be incurred by
Seller and shall be used to monitor actual costs hereunder. Subject to this Section or Section 5.2, the Control Budget shall not be amended without the approval of Owner, which approval will not be unreasonably withheld. Without limiting
the foregoing, if Seller identifies an unanticipated increase in the 

  

					
	Confidential	 	9	 	Purchase Order No. 1

  

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

 
amount of any Reimbursable Costs, with such increase in amount not within the reasonable control of Seller (such cost increase, a “Cost Overrun”), Owner shall reasonably consider
amendments to the Control Budget to reflect such Cost Overrun after presentation of such supporting Cost Overrun information to Owner and discussion by the Parties regarding possible alternatives or ways to reduce the Cost Overrun (which
alternatives shall be implemented if reasonable and not likely to adversely affect the performance of the PEM System or Seller’s Article 7 warranties). Owner acknowledges that if Notice to Proceed is not issued within 30 days of the Effective
Date, the Control Budget will be updated to reflect changes in pricing, if any, based on the delay. 
 4.3.2 Cost Controls
and Control Budget Updating. Seller shall provide Owner with timely information as to the anticipated total Contract Price. Such information shall compare the Control Budget with the actual cost for activities in progress and include estimates
for uncompleted tasks and proposed changes. Seller shall not incur any Reimbursable Cost in excess of one-hundred ten percent (110%) of the amount set forth for such item in the Control Budget, or one-hundred ten percent (110%) in
aggregate for all items of Reimbursable Costs as set forth in the Control Budget, without prior approval by Owner, which approval will not be unreasonably withheld. Except for information regarding anticipated costs in excess of the Control Budget
that require Owner approval under this Section 4.3.2, which Seller shall communicate to Owner as soon as Seller obtains knowledge thereof, cost information shall be reported to Owner, in writing, in connection with the Payment
Documentation submitted by Seller under Section 4.4. 
 4.4 Invoices and Other Deliverables. On or about the
tenth (10th) day of each calendar month, Seller shall provide Owner with the following documentation (collectively, “Payment Documentation”): 
 (a) an invoice (each, an “Invoice”) setting forth all Reimbursable Costs actually paid or incurred up to the end of the prior calendar month that have not previously been billed, along
with supporting documentation to substantiate such Reimbursable Costs, including (at a minimum), time summaries, copies of petty cash accounts, receipted invoices or invoices with check vouchers attached and any other evidence reasonably required by
Owner to demonstrate cash disbursements made or payable by Seller on account of Reimbursable Costs, provided that in all cases trade secret or confidential personnel information may be redacted; 

(b) a monthly progress report showing the progress of Seller’s work, including a reconciliation showing the total of all
Reimbursable Costs incurred to date and a comparison to the Control Budget, and such other detail and information as Owner may from time to time reasonably designate; 
 (c) a statement setting forth (i) all payments from and deposits into the Expense Account during the prior month, (ii) the balance in the Expense Account as of the end of the prior month,
(iii) a listing of Reimbursable Costs projected to be paid from the Expense Account during the current month and the next proceeding month, and (iv) the total amount (if any) that Seller requests Owner to deposit into the Expense Account
prior to the end of the then current month in order to enable Seller to pay Reimbursable Costs to be paid in the current and next following month and so the Expense Account is not reduced below a zero balance; 

  

					
	Confidential	 	10	 	Purchase Order No. 1

 (d) to the extent requested from time to time by Owner or any Lender, partial lien releases
and waivers in appropriate form (conditional and/or unconditional) from Seller and/or its significant subcontractors or subvendors, relating to payments made or to be made by Owner hereunder; 

(f) such additional documentation and data as any Lender, Consulting Engineer or Owner may reasonably request. 

For purposes of clarification, in the event Payment Documentation is not readily available or is inadvertently excluded or delayed, or Owner otherwise
disputes any amounts in any Payment Documentation, Owner shall nonetheless pay or authorize reimbursement of amounts for which Payment Documentation is complete (and not disputed), and Seller shall not be prejudiced from receiving any Reimbursable
Expenses evidenced by such incomplete or disputed Payment Documentation after the same is re-submitted in complete form or the dispute is resolved, as the case may be. 
 4.5 Funding of Expense Account. Prior to the end of each month in which Seller has requested a deposit to the Expense Account in accordance with Section 4.4(c), the Parties shall confer
regarding such Expense Account matters as are reasonably designated by Owner, and Owner shall thereafter, but prior to the end of such month, deposit into the Expense Account an amount necessary to enable Seller to pay Reimbursable Costs during the
next month. Notwithstanding anything to the contrary in this Contract, in the event Owner wrongfully fails to fully fund the Expense Account in the amounts requested by Seller in accordance with this Contract (including Section 4.4) and
at the times specified in this Contract, Seller may, at Seller’s sole discretion, suspend all work under this Contract without penalty until such failures are corrected by Owner. In the event of such suspension by Seller, any related fees,
expenses and costs associated with Seller’s suspension of work as provided for in the prior sentence shall be the sole expense of Owner and in addition to the Contract Price, and the Parties shall work together to modify the Contract Schedule
and all other project and other schedules to reflect additional time necessary to re-engage any third party subcontractors and others involved in providing Services once the suspension is lifted. 

4.6 Payments From Expense Account. Seller shall be solely responsible for making payments out of the Expense Account to fund
Reimbursable Costs in such amounts and at such times that such amounts are actually payable, provided that Seller shall not make any withdrawals from the Expense Account at any time that Seller is bankrupt or insolvent or is otherwise in material
default hereunder. Seller shall cooperate with Owner to grant to Owner a first priority security interest (that may be perfected by Owner) in the Expense Account solely for the purpose of protecting and preserving the amounts due Owner under this
Contract, if any, in the event of bankruptcy or insolvency of Seller or other default of Seller hereunder. Such security interest shall not under any circumstances restrict Seller’s ability to make payments from the Expense Account as provided
for under this Contract. 
 4.7 [Omitted]. 
 4.8 Final Payment. Along with its final Payment Documentation delivered hereunder on or after the Acceptance Date, Seller shall submit to Owner, in such form as may be

  

					
	Confidential	 	11	 	Purchase Order No. 1

 
reasonably designated by Owner or its Lender: (a) a statement summarizing and reconciling all previous Payment Documentation, payments and Change Orders, (b) an affidavit that all
payrolls, payroll taxes, liens, charges, claims, demands, judgments, security interests, bills for materials and equipment, and other indebtedness connected with the PEM System or Services for which Seller may in any way be responsible, have been
paid or released, (c) final lien releases and waivers in such form as may be reasonably requested by Owner or its Lender and (d) such other related documentation reasonably designated by Owner or its Lender. 

4.9 Payments Not Acceptance of PEM System or Services. No payment made hereunder shall be considered or deemed to represent that
Owner, Construction Manager or the Consulting Engineer has inspected the PEM System or Services or any other portion of Seller’s work or checked the quality or quantity thereof, or made a detailed examination, audit or arithmetic verification
of the Payment Documentation, and shall not be deemed or construed as approval or acceptance of any PEM System, Services or other work or item or amount of Reimbursable Cost, or as a waiver of any claim or right that Owner may then or thereafter
have, including any warranty right. 
 4.10 Financial Insecurity. In the event that, following the Effective Date, Seller
has reason to believe it shall become insolvent (as defined in Section 101 of the United States Bankruptcy Code) or unable to pay its debts as they become due, or admits in writing to such insolvency or to such inability to pay its debts as
they become due, it shall immediately give notice of such anticipated event to Owner. In such event, or if Seller is otherwise in default hereunder in any material respect, Owner may, by written notice to Seller, demand that Seller cooperate with
Owner to restructure the Expense Account and payment mechanics set forth herein in such manner as may be reasonably designated by Owner to eliminate Owner’s pre-funding of the Expense Account and to enable Owner to make all reimbursement
payments of Reimbursable Costs directly to Seller and its subcontractors and subvendors as and when such Reimbursable Costs are incurred. 
 ARTICLE 5. CHANGES 
 5.1 Changes. Neither Owner nor Seller may
unilaterally alter or vary the PEM Equipment or Services to be provided by Seller as described herein unless such change is agreed to in writing by both Parties (a “Change”). 

5.2 Contract Adjustment. Should any Change permitted under Section 5.1 cause an increase or decrease in the cost of or
time required for performance of this Contract or otherwise affect any provision of this Contract, an adjustment shall be made to the Control Budget, Contract Schedule or other provision of this Contract which is thereby affected. A written change
order (a “Change Order”) in a form agreed to by both Parties and describing in detail the Change shall be executed by both Parties in order for the Change to be effective. 

ARTICLE 6. DELIVERY; TITLE TRANSFER, INSTALLATION, ETC. 
 6.1 Delivery. Seller shall arrange proper packaging and transportation of each item of PEM Equipment to Owner at the Site via such mode of transportation and otherwise in such manner as is mutually
agreed by the Parties. Seller shall provide Owner at least seven (7) Days’ 

  

					
	Confidential	 	12	 	Purchase Order No. 1

 
prior written notice of (i) the approximate shipment date of each item of PEM Equipment and (ii) the estimated delivery date of each item of PEM Equipment. For purposes of
clarification, Seller’s costs for such packaging and transportation shall be Reimbursable Costs. Owner shall arrange for unloading of each item of PEM Equipment from delivery vehicles. Owner shall arrange for the Project to be prepared and
ready for delivery of the Equipment or any portion of it and shall be responsible for all reasonable costs incurred or delays if the Project is not able to accept delivery. 
 6.2 Transfer of Title. Title to each item of PEM Equipment shall pass from Seller to Owner upon Seller’s transfer of possession of such item to the rail carrier, truck carrier or other common
carrier contracted to deliver such item to Owner. No right, title or interest in or to the PEM Technology or other Proprietary Materials embedded in the PEM Equipment shall be transferred, except for the license rights expressly granted herein.

 6.3 Risk of Loss. All risk of loss to PEM Equipment shall pass from Seller to Owner upon arrival thereof at the Site.

 6.4 Purchase Money Security Interest. To the extent Owner has taken title to any item of PEM Equipment and Owner has
not yet paid the full Contract Price to Seller, Owner hereby grants to Seller a first priority purchase money security interest in such PEM Equipment to secure Owner’s payments. Owner shall cooperate with Seller to execute and file such
documentation as may be necessary or advisable to evidence such security interest. 
 6.5 Warranty of Title. Seller
warrants good title to all PEM Equipment furnished hereunder, and Seller warrants that title and ownership thereto shall pass to and vest in Owner as described in Section 6.2 free and clear of any and all liens, claims, charges, security
interests, encumbrances and rights of other persons arising as a result of any actions or failure to act of Seller, its subcontractors or vendors, excepting only (a) materialman’s liens, suppliers’ liens, construction liens,
laborers’ liens, mechanics’ liens, or similar liens or encumbrances that may arise from Owner’s nonpayment or incomplete payment for work or services hereunder or (b) as expressly set forth in Section 6.4 or elsewhere
herein ((a) and (b) collectively, “Permitted Liens”). 
 6.6 Installation. 

6.6.1 Generally. Owner shall be responsible for the installation and Start-Up of the PEM System at the Site, except that Seller
will install or arrange for the installation of the Refractory in the PEM System. Owner shall provide Seller or its contractors secluded access to the PEM System for this purpose. 

6.6.2 Seller’s Access. Owner shall provide Seller with reasonable and free access to the PEM System and the Site and all
activity logs for the purpose of monitoring and/or inspecting the PEM System throughout the period of construction, installation, commissioning, and Start-Up. 
 6.7 Owner Inspection Rights. 

  

					
	Confidential	 	13	 	Purchase Order No. 1

 6.7.1 General. In order to verify progress by Seller in connection with the
performance of its Services and work hereunder, and in connection with payment of the Contract Price, Seller shall at all times reasonably cooperate with Owner (and its Lender and Consulting Engineer), and cause all Seller’s subcontractors and
subvendors to reasonably cooperate, to enable Owner and any Lender, Consulting Engineer or Construction Manager to have the right at reasonable times with proper escort by Seller to inspect the PEM System (subject to restrictions on access to the
refractory as further described in this Contract and subject to limitations imposed by subvendors or subcontractors), including to verify and determine (as applicable) the following: proper fit-up, material specifications and mill records, stress
relief procedures and records, welding procedures, welder qualification records, welds and radiography fastening, code compliance records and inspection reports, electrical code compliance and inspection reports for the State in which Owner will
install the PEM System, surface preparation, painting and insulation both before and after cure, tests of control systems, pressure tests and general overall manufacturing quality. Owner shall provide Seller with at least five (5) days notice
of intended inspections. If Owner conducts any such inspection at the premises of Seller or any of its subcontractors or subvendors, then reasonably promptly following such inspection Owner shall deliver to Seller a written notice confirming the
occurrence of such inspection, including the date and time the inspection occurred, identifying all parties present at such inspection, detailing the purpose of the inspection and particular PEM System components inspected, and signed by a
supervising employee of Owner. Notwithstanding the foregoing, Owner is not obligated to make any such inspection or examination, and no inspection or examination of all or any part of the PEM System or Services nor the failure to inspect or examine
the same nor acceptance thereof nor the expression of any approval by Owner nor payment therefor shall be deemed to relieve Seller from any of its obligations under this Contract, including among others, the obligation to provide PEM System and
Services satisfying the warranties set forth herein. 
 6.7.2 Refractory Inspection. Notwithstanding
Section 6.7.1, Owner shall have no right to inspect the Refractory, except that Owner, Lender, Consulting Engineer or Construction Manager shall be entitled to inspect or examine the preparation of the surface of the vessel to receive
the Refractory, the metal clips on such vessel, and after final installation of all refractory materials, the Refractory itself. 

ARTICLE 7. WARRANTIES 
 7.1 Generally. Seller warrants to Owner that: (a) each item of PEM Equipment (and PEM Technology to the extent necessary to operate the PEM Equipment) shall in all material respects meet all
the requirements and specifications of this Contract, shall be new and, if no quality is specified herein, of high quality, and (b) the PEM System shall be capable of converting organic materials into syngas in the manner contemplated by this
Contract when incorporated into the Project as contemplated hereunder, shall be free from defects in design, engineering, materials, manufacturing, and workmanship, and shall conform in all material respects with all applicable Laws and Standards
and Codes in effect on the date of shipment thereof. Seller warrants that all Services shall be performed in a good and workmanlike manner in accordance with accepted professional standards and shall conform in all material respects with the
requirements of this Contract and all applicable Laws and Standards and Codes in effect on the date of performance thereof. For the avoidance of doubt, in the event that, pursuant to Section 8.2.3, either an LD Payment Date occurs or Seller
exhausts its obligation to perform 

  

					
	Confidential	 	14	 	Purchase Order No. 1

 
corrective work by virtue of reaching the LD Cap, then Owner shall not be entitled to seek any remedy under this Article 7 for the failure of the PEM System to satisfy the Performance Guarantees.

 7.2 Period. Except as otherwise provided in Section 7.6, the foregoing warranties for the PEM System
provided hereunder and Services shall terminate on the twelve month anniversary of the Initial Start-Up (the “Warranty Period”), unless otherwise expressly terminated earlier in accordance with the terms of this Contract. For
purposes of clarification, any warranty claims delivered to Seller after expiration of the Warranty Period shall be excluded from warranty coverage. Owner shall provide Seller with written confirmation of the date of Initial Start-Up within seven
days following such date. 
 7.3 Conditions. The warranties set forth above, and all of Seller’s related obligations
arising from any breach (or alleged breach) of warranties, are conditioned upon Owners continuous compliance with all of the following: 
 (a) Owner’s storage, installation, operation and maintenance of the PEM Equipment, in all material respects, in accordance with customary operational procedures of Seller provided in writing to
Owner; 
 (b) Owner’s operation of the PEM System within the operational specifications included as part of the Services
described in Exhibit B; 
 (c) Owner providing Seller reasonable opportunity to inspect the PEM System, keeping
adequate logs and records to establish proper PEM System operation and maintenance history, and supplying such information to Seller at such times as may be reasonably requested by Seller; 

(d) Owner granting Seller reasonable access to the Project and all operating logs for the purpose of monitoring and/or inspecting the PEM
System throughout the period during which installation and Start-Up is being conducted and throughout the Warranty Period; 

(e) Owner maintaining, at Owner’s sole cost and expense, a full time internet connection and modem to the control computer for the
PEM System, allowing Seller remote access to the PEM System to monitor operating conditions and parameters, and providing Seller reasonable remote repair or diagnostic assistance; 

(f) Owner utilizing only individuals that have participated in a Seller-designed training course, who have been certified by Seller (or a
Seller designated training company) in such training course as competent operators to operate and maintain the PEM System; and 

(g) Owner’s compliance with the Installation Manuals and with the Operating and Maintenance Manuals provided by Seller pursuant to
Exhibit B and with any reasonable updates to such manuals. 

  

					
	Confidential	 	15	 	Purchase Order No. 1

 Failure to comply with any of the foregoing conditions will void Seller’s above warranties to the
extent the failure has any prejudice on Seller. 
 7.4 Remedies. During the Warranty Period, if the PEM System or any
item of PEM Equipment or PEM Technology, or Services do not conform to the above warranties, Owner shall promptly notify Seller in writing upon obtaining knowledge thereof explaining in sufficient detail the warranty claim being asserted prior to
the expiration of the Warranty Period. Upon receiving such notice and subject to the final sentence of this Section 7.4, Seller shall have the right to inspect the claimed defect at the Site and shall undertake any such inspection
promptly. In the event that any PEM Equipment, PEM Technology or Services do not conform to the above warranties, Seller shall thereafter, at no cost to Owner, at Seller’s option either promptly correct or reperform such PEM Equipment, PEM
Technology or Services, or repair, replace or modify the item of PEM Equipment or PEM Technology so that it conforms to such warranties. In the case of remedial work to be performed by Seller hereunder, Seller shall provide all labor, supervision,
equipment, tools and materials necessary to perform the remedial work and shall bear all expenses in connection therewith. Subject to Section 7.8.2, the cost of all labor required in connection with disassembly or reassembly of any PEM
Equipment and the removal, replacement and reinstallation of PEM Equipment necessary to gain access, as well as the cost of transporting repaired items to and from the Site, shall be borne solely by Seller. Seller also at its own cost, subject to
Section 7.8.2, shall perform such tests as may be reasonably required to verify that corrected, repaired or replaced PEM Equipment or PEM Technology conforms to the warranties above. Such tests are functional in nature only, and do not
include reperforming any Performance Tests. Seller shall have access to the Project, the PEM System and to Owner’s operating and maintenance records in order to perform remedial work hereunder, so long as such access shall not unreasonably
interfere with Owner’s operation of the Project. For the avoidance of doubt, no warranty-related work by Seller or its subcontractors or subvendors shall be a Reimbursable Cost hereunder, except as specified in Section 7.8.2.

 7.5 Performance of Warranty Work. Seller acknowledges that the failure of the PEM System to operate and perform
properly and in accordance with the warranties and specifications provided in this Contract could result in disruption of the Project and substantial revenue loss to Owner. Although Seller will have no obligation to reimburse or otherwise remedy
such revenue loss, Seller agrees to perform all warranty work hereunder as expeditiously as is reasonably possible and in a manner which minimizes Project disruption and revenue loss. Seller shall perform all warranty work, at a minimum, on a 2-10-7
crew-schedule (2-10 hour crew-shifts/day, 7 days/week), Monday through Sunday, unless otherwise approved by Owner. If Seller fails to perform warranty work hereunder in accordance with the requirements of this Contract, Owner may itself perform or
cause to be performed such work and Seller shall reimburse Owner with all its reasonable expenses for performing such work. 

7.6 Repaired PEM System Warranty. Any repaired or replaced part or reperformed services furnished under the above warranties shall
carry warranties on the same terms as set forth above except that the Warranty Period with respect to such repaired or replaced part or reperformed services shall extend until the later of (a) the date that is six (6) months from the date
of repair, replacement, or reperformance and (b) the date of expiration of the original Warranty Period; provided that, in no event shall the repaired equipment warranty extend for more than six (6) months beyond the expiration of the
original Warranty Period. 

  

					
	Confidential	 	16	 	Purchase Order No. 1

 7.7 Warranty Transfer. The above warranties extend only to Owner and Owner’s
permitted successors and assigns and shall terminate if the PEM System is relocated after installation of Refractory. 
 7.8
LIMITATIONS. 
 7.8.1 DISCLAIMER OF ALL OTHER WARRANTIES. THE WARRANTIES AND GUARANTEES EXPRESSLY SET FORTH IN
THIS CONTRACT ARE EXCLUSIVE AS TO THE PEM EQUIPMENT, PEM TECHNOLOGY AND SERVICES, AND MADE IN LIEU OF ALL OTHER WARRANTIES, WHETHER WRITTEN, ORAL, IMPLIED OR STATUTORY; SELLER EXPRESSLY DISCLAIMS ALL OTHER WARRANTIES INCLUDING THE IMPLIED WARRANTIES
OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND NONINFRINGEMENT RELATED TO THE PEM SYSTEM OR ANY RELATED SERVICES. TO THE EXTENT THAT ANY APPLICABLE LAW PRECLUDES THE EXCLUSION OF ANY SUCH WARRANTIES, SUCH WARRANTIES ARE LIMITED IN
DURATION TO THE DURATION OF THE WARRANTY PERIOD. NO AGENT, EMPLOYEE, OR REPRESENTATIVE OF SELLER HAS ANY AUTHORITY TO BIND SELLER TO ANY AFFIRMATION, REPRESENTATION OR WARRANTY RELATING TO THE PEM SYSTEM OR SERVICES, OTHER THAN AS SPECIFICALLY
PROVIDED HEREIN. 
 7.8.2 Limitation on Liability. Seller’s liability with respect to the warranty work described in
this Article 7 shall not exceed fifty percent (50%) of the License Fee. Seller shall perform any necessary warranty work valued up to fifty percent (50%) of the License Fee calculated as Reimbursable Costs. All costs in excess of
50% of the License Fee for warranty work requested by Owner shall be Reimbursable Costs. 
 7.9 Exclusive Remedies.
Except as expressly set forth herein, following the Acceptance Date the Section 7 warranty shall constitute the only remedies of Owner for claims based on defective PEM System or Services, whether said claims are designated as arising in
contract, warranty, tort (including negligence), strict liability, indemnity, or otherwise, whether arising before or after delivery, and however instituted. Upon the expiration of the Warranty Period, all such liability shall terminate. 

7.10 Warranty Exclusions. Seller does not warrant the PEM System or Services or any repaired or replacement part against normal
wear and tear, improper use, alteration without Seller’s prior written consent, accidents, acts of God, terrorism, abuse, or use of any parts or consumables with respect to the PEM System not approved by Seller. 

7.11 Disputed Warranty Claims. If Owner in good faith asserts a warranty claim that Seller disputes is covered by the above
warranties, Seller shall nonetheless respond to the claim and make appropriate repairs and replacements in accordance with the provisions hereof, but if it is ultimately determined (through the procedures set forth at Section 18.5 or otherwise)
that the claim was in fact not covered by the above warranties, then Owner shall reimburse Seller for all parts, materials, labor, travel and other expenses and costs related to such claim as if they were Reimbursable Costs hereunder plus an
additional 20% mark-up. 

  

					
	Confidential	 	17	 	Purchase Order No. 1

 7.12 Third Party Warranties. Seller shall use commercially reasonable efforts to
obtain third party warranties on portions of the PEM System supplied under this Contract by third parties. To the extent Seller receives warranties on the PEM System from third parties and such warranties provide greater warranty coverage on the PEM
System (or any component thereof) than the warranty described above in this Article 7, Seller shall assign such third party warranties (provided such warranties are assignable) to Owner to the extent of such greater warranty coverage;
provided, that such assignment shall not reduce or otherwise limit Seller’s obligations with respect to its own warranties described herein. Seller shall reasonably cooperate with Owner to pursue such third party warranties and provide Owner
copies of the documentation with respect to such third party warranties, in each case to the extent assigned to Owner. 
 7.13
Limitation on Intended Users. The PEM System is intended for purchase and use by commercial/industrial users and for operation by persons trained and experienced in the use and maintenance of such equipment. The PEM System is not intended for
consumers or consumer use. 
 ARTICLE 8. PERFORMANCE GUARANTEES AND TESTS 

8.1 Performance Guarantees. Subject to the provisions of this Contract, Seller hereby guarantees that the PEM System will comply
with each of the Performance Guarantees during the Performance Tests and Seller shall take corrective action or pay Owner performance liquidated damages in the amounts set forth in Exhibit F in the event of the failure of the PEM System to
meet the Performance Guarantees. 
 8.2 Performance Tests; Liquidated Damages. 

8.2.1 Performance Test Procedures. A detailed testing procedure for each of the Performance Tests shall be prepared by Seller and
submitted to Owner for review and approval no later than six (6) weeks prior to the scheduled start of the Performance Tests. Within fifteen (15) Days following such submission, Owner shall review the procedure and provide any comments
thereon in writing to Seller, which comments, if agreed by Seller (which agreement shall not be unreasonably withheld), shall be reflected in a revised procedure to be submitted by Seller and mutually agreed to by the Parties promptly thereafter.
Following agreement upon a final procedure, Owner shall conduct, or cause to be conducted, the Performance Tests in accordance with such procedure and in compliance with the guidelines set forth in the Performance Guarantees and Testing Schedule
attached at Exhibit E. All reasonable costs incurred by Seller in observing and assisting with the initial Performance Test shall be Reimbursable Costs under this Contract. 

8.2.2 Performance Test Notices. Owner shall provide Seller written notice at least seven (7) Days prior to commencing the
Performance Tests. Owner shall provide Seller at least two (2) Days advance written notice of the reperformance of any test after the initial Performance Test, unless the subsequent Performance Test is performed within seventy-two
(72) hours following the preceding test, in which case twenty four (24) hours additional notice shall be required, and such reperformance of any test after the initial Performance Test shall commence as scheduled, provided that any
Performance Test may be subject to reasonable delays and postponement following Owner’s written notice. Seller shall be entitled to have its 

  

					
	Confidential	 	18	 	Purchase Order No. 1

 
personnel present at the Site to observe any Performance Tests and monitor the taking of measurements. 
 8.2.3 Failure of Performance Tests. In the event that (i) Owner provides Seller with a written notice indicating that the Performance Testing of any PEM System does not yield results which
meet the Performance Guarantees due to the PEM System provided by Seller, and (ii) such results are not caused by equipment upstream or downstream of the PEM System or by any fault of Owner (including a failure to comply with the Operating and
Maintenance Manual or the Supervisory Installation Manual or a failure to properly install or Start-Up the PEM System), then Seller shall be obligated promptly to repair, adjust or otherwise correct the PEM System so as to be able to satisfy the
Performance Guarantees, provided that (i) Seller’s actual direct reasonable costs (determined in accordance with Exhibit H, but without any additional profit mark-up beyond that specified in Exhibit I) incurred to
repair, adjust or otherwise correct the PEM System shall, on a dollar-for dollar basis, reduce the Liquidated Damages Amount and (ii) Seller shall have no further obligation to incur additional costs to correct the PEM System if such Liquidated
Damages Amount has been so reduced to zero, unless Owner agrees to reimburse Seller therefor on a Reimbursable Cost basis. If, notwithstanding Seller’s use of all commercially reasonable efforts, Owner and Seller mutually agree that it would
not be productive for Seller to continue efforts to repair, adjust or otherwise correct the PEM System (the “LD Payment Date”), then Seller shall cease such efforts and pay to Owner as liquidated damages an amount equal to the
Liquidated Damages Amount calculated based upon the results of the most recent Performance Tests, but capped at an amount equal to the initial LD Cap less the actual costs theretofore incurred by Seller to correct the PEM System. For purposes
of this paragraph, Seller shall keep records of all costs incurred on a current basis. All performance liquidated damages shall be payable by Seller within thirty (30) Days following Seller’s receipt of Owner’s invoice therefor,
unless disputed in accordance with the provisions of Section 18.5. 
 8.3 Acceptance Date. Following the
successful completion of the Performance Tests, or Seller’s payment of performance liquidated damages in accordance with the foregoing, when Seller considers that it has provided all the PEM Equipment (and any PEM Technology necessary to
operate the PEM Equipment) and performed all the Services (that are then required to be completed) in accordance with the provisions of this Contract and that the Acceptance Date has occurred, Seller shall provide notice thereof to Owner. Within ten
(10) Days after receipt of such notice, Owner shall either issue to Seller an acceptance certificate acknowledging the Acceptance Date (the “Acceptance Certificate”) or, if reasonable cause exists for doing so, advise Seller by
written notice that the Acceptance Date has not occurred, stating in reasonable detail the reasons therefor. In the event Owner reasonably determines that the Acceptance Date has not been achieved and such determination is not disputed, Seller shall
promptly take such action or perform such additional Services as are required to achieve the Acceptance Date and shall thereupon issue to Owner another notice as set forth above. This procedure shall be repeated until such time as Owner has issued
an Acceptance Certificate; provided, however, that neither the issuance of such a certificate by Owner nor Owner’s acceptance of any item of PEM Equipment or PEM Technology shall in any way affect Seller’s continuing obligations hereunder
with respect to the PEM System or the Services, including Seller’s continuing warranty obligations hereunder. 

  

					
	Confidential	 	19	 	Purchase Order No. 1

 ARTICLE 9. INDEMNIFICATION 

9.1 General Indemnity. 
 9.1.1 Indemnification by Seller. To the fullest extent permitted by Law, Seller shall defend, indemnify and hold harmless Owner, Lender, the Construction Manager, the Consulting Engineer, and all
of the current and former Affiliates of the foregoing, along with each of their respective officers, directors, partners, managers, members, agents, employees, successors, and assigns (collectively, the “Owner Indemnitees”), from
and against all loss, damage, expense and liability (including court costs and reasonable attorneys’ fees, judgments, bona fide settlements, penalties, costs or other losses (collectively, “Losses”)) to the extent resulting
from injury to or death of persons (including employees of Seller or Owner Indemnitees), any violation of any applicable Law or Standard or Code, and from damage to or loss of property, caused by or arising out of but only to the extent of the
negligent acts or omissions, or willful misconduct, or breach or default of this Contract by Seller (or its subcontractors, subvendors, officers, employees or agents) in connection with the PEM Equipment, Services, or performance of this Contract.
Except in cases of Seller’s (or its subcontractors’, subvendors’, officers’, employees’ or agents’) fraud or willful misconduct, Seller’s indemnity obligation hereunder with respect to damage to or loss of
Owner’s property shall be limited to $5,000,000, provided in no event shall any provision in this Section 9.1.1 limit Owner’s rights under Articles 7 and 8. 

9.1.2 Indemnification by Owner. To the fullest extent permitted by Law, Owner shall defend, indemnify and hold harmless Seller and
its current and former Affiliates, along with each of their respective officers, directors, partners, managers, members, agents, employees, successors, and assigns (collectively, the “Seller Indemnitees”), from and against all
Losses, to the extent resulting from injury to or death of persons (including employees of Owner or Seller Indemnitees), any violation of any applicable Law or Standard or Code, and from damage to or loss of property, caused by or arising out of but
only to the extent of the negligent acts or omissions, or willful misconduct, or breach or default of this Contract by Owner (or its subcontractors, subvendors, officers, employees or agents (including the Construction Manager and Consulting
Engineer)). Except in cases of Owner’s, Lender’s, Construction Manager’s, or Consulting Engineer’s (or any of their subcontractors’, subvendors’, officers’, employees’, or agents’) fraud or willful
misconduct, Owner’s indemnity obligation hereunder with respect to damage to or loss of Seller’s property shall be limited to $5,000,000. 
 9.2 Employee Claims. With respect to any and all claims against a Seller Indemnitee or an Owner Indemnitee, as applicable, by any employee or any subcontractor or vendor or by anyone directly or
indirectly employed by any of them or anyone for whose acts any of them may be liable, the indemnification obligation stated in Section 9.1 shall not be limited in any way by any limitation on the amount or type of damages, compensation
or benefits payable by or for Seller or Owner, as applicable, or any such subcontractor or subvendor under any applicable workers’ compensation Law, disability Laws, or other employee benefit Law. 

9.3 Proprietary Rights. 

  

					
	Confidential	 	20	 	Purchase Order No. 1

 9.3.1 Indemnification and Defense. Seller shall indemnify, defend and hold each
Owner Indemnitee harmless from and against any action, claim, cause of action, suit, proceeding or demand of any third party (and all resulting Losses) arising out of or related to any actual or threatened claim of infringement of any IP Rights
owned by a third party based upon Owner Indemnitee’s possession or use of the PEM Equipment, PEM Technology and/or Seller’s Confidential Information. Seller shall have no obligation under this Section 9.3.1 to the extent that
Owner is in breach of this PO for non-payment of the Contract Price. 
 9.3.2 Procurement, Modification and Replacement.
In addition, if Owner is prevented by injunction or order from a court of competent jurisdiction from operating the PEM System provided hereunder Seller shall, at its own cost and expense, use best efforts to procure for Owner Indemnitees a license
to continue using the allegedly or potentially infringing materials of nature and scope the same as or substantially similar to that originally delivered without loss, diminution or degradation of material functionality. If Seller cannot obtain such
license after good faith efforts undertaken for a reasonable period of time (not to exceed sixty (60) Days), then Seller shall, at its own cost and expense, attempt to modify the allegedly or potentially infringing materials so as to make them
non-infringing without loss, diminution or degradation in material functionality. If Seller cannot make such modification after good faith efforts undertaken for a reasonable period of time (not to exceed sixty (60) Days), then Seller shall, at
its own cost and expense, promptly procure for the applicable Owner Indemnitee a license to a third party product that shall serve as a replacement for the allegedly or potentially infringing materials without loss, diminution or degradation in
material functionality. 
 9.4 Lien Indemnity. Seller shall indemnify, defend and hold harmless Owner and Lender from
each and every lien filed in connection with Seller’s performance of the work under this Contract other than Permitted Liens, including all Losses incurred in discharging such lien or similar encumbrance, provided all required payments have
been made under this Contract by Owner. If Seller fails to promptly discharge any lien or similar encumbrance (but not including Permitted Liens) upon any item of PEM Equipment or any or materials or IP Rights encompassed therein for which Seller is
responsible hereunder, Seller shall satisfy or defend any such lien or similar encumbrance; provided, however, that Seller shall have the right to submit a bond reasonably satisfactory to Owner in the amount of any such lien or encumbrance if
Seller, despite its commercially reasonable efforts, has been unable to obtain discharge thereof; and provided further that Owner shall not be required to accept any such bond in lieu of discharge at the Acceptance Date. If Seller does not promptly
satisfy such lien or similar encumbrance (or, where permitted, fails to provide Owner a bond in lieu thereof), without limiting any other rights of Owner hereunder or under applicable Law, Owner shall have the right, at its option and after notice
to Seller, to post a bond or pay or settle such lien or similar encumbrance by bond or agreement, and Seller shall within five (5) Days of request of Owner, reimburse Owner for all reasonable costs incurred by Owner to post such bond or
discharge such lien or similar encumbrance, including administrative costs, attorneys’ fees and other expenses. 
 9.5
[Intentionally Omitted]. 
 9.6 Notice of Claim; Control of Defense or Settlement. 

  

					
	Confidential	 	21	 	Purchase Order No. 1

 9.6.1 Generally. An Indemnitee shall promptly after the receipt of notice of the
commencement of any legal action or of any claims against such Indemnitee in respect of which indemnification may be sought pursuant to the foregoing provisions of this Article notify the applicable indemnifying Party in writing thereof, provided
that the failure of an Indemnitee promptly to provide any such notice shall only reduce the liability of the applicable indemnifying Party by the amount of any damages attributable to the failure of the Indemnitee to give such notice in such manner.
In case any such claim or legal action shall be made or brought against an Indemnitee and such Indemnitee shall notify the applicable indemnifying Party thereof, such indemnifying Party may, or if so requested by such Indemnitee shall, assume the
defense thereof and after notice from the indemnifying Party to such Indemnitee of an election to assume the defense thereof with in-house or outside legal counsel reasonably satisfactory to such Indemnitee, such indemnifying Party will not be
liable to such Indemnitee under this Article 9 for any legal fees and expenses subsequently incurred by such Indemnitee in connection with the defense thereof. No Indemnitee shall settle any indemnified claim over which the applicable
indemnifying Party has not been afforded the opportunity to assume the defense without such indemnifying Party’s approval, which approval shall not be unreasonably withheld. The applicable indemnifying Party shall control the settlement of all
claims over which it has assumed the defense; provided, however, that the indemnifying Party shall not conclude any settlement which requires any action or forbearance from action by an Indemnitee or any of its Affiliates, or any payment by an
Indemnitee or any of its Affiliates, without the prior approval of the Indemnitee, such approval shall not be unreasonably withheld. The Indemnitee shall provide reasonable assistance to the indemnifying Party when the indemnifying Party so
requests, at the indemnifying Party’s expense, in connection with such legal action or claim. In all cases the Indemnitee shall have the right to participate in and be represented by counsel of its own choice and at its own expense in any such
legal action or with respect to any claim. 
 9.6.2 Special Provisions for Claims Related to IP Rights. Notwithstanding
Section 9.6.1, Seller shall have the right to control the defense of actual or threatened claim of infringement of any IP Rights owned by a third party based upon Owner Indemnitees’ possession or use of the PEM System and/or
Seller’s Confidential Information; including to admit liability, settle, compromise, or discharge any matter covered by Section 9.3 without the consent of Owner; provided however, that the foregoing grant of authority shall not
permit Seller to, and Seller is expressly prohibited, unless prior written consent is obtained from Owner, from making any admission, settlement or compromise that might imply or give rise to any fault or liability of Owner or otherwise impact
Owner’s operation of the PEM System. Owner may also defend through counsel of its own choosing, at its own expense, any action which may be brought by a third party in connection with the actions described in Section 9.3. If Owner
is found in breach of this Contract or license within it and the infringement claim would have been avoided but for such breach, Owner shall reimburse Seller for costs incurred by Seller in its defense and indemnity of Owner hereunder. 

9.7 Term of Indemnities. Notwithstanding any other provision in this Contract to the contrary, the indemnification obligations and
rights set forth in this Article 9 shall survive the expiration or other termination of this Contract. Owner’s acceptance of the PEM Equipment, the PEM Technology and Services shall not be construed to relieve Seller of any obligation
under this Article 9. 

  

					
	Confidential	 	22	 	Purchase Order No. 1

 ARTICLE 10. COMPLIANCE WITH LAWS AND STANDARDS AND CODES 

10.1 Generally. Seller shall at all times comply, and shall assure that the PEM System at the time of delivery and Services at the
time of performance comply in all material respects, with all Laws, Standards and Codes applicable to the design, manufacture and use of the PEM System, the delivery thereof, and the performance by Seller of its other obligations hereunder.

 10.2 Changes in Law, etc. In the event that any change in Law or in Standards and Codes enacted or otherwise approved
after the date of this Contract but prior to the delivery of any PEM Equipment requires or makes advisable any modifications in the design of the PEM System, Seller shall reasonably promptly notify the Owner thereof. If any such modification is
required by Law, Seller shall make such modification and, if such modification is not so required, Seller shall make such modification only if requested by Owner (provided such modification is reasonably technically feasible), and in either case if
such modification impacts the Control Budget or Contract Schedule or affects any other provision of this Contract, the Parties shall negotiate in good faith and enter into a Change Order in accordance with the provisions of Section 5.2
above covering all additional costs and delays related to such Change. Nothing in this Section 10.2 shall limit Seller’s obligation under Section 10.1. 

10.3 Owner Obligations. Owner shall be responsible to obtain all permits, licenses, and other regulatory approvals associated with
the Project and/or the construction and operation of the Project. Owner shall comply with all applicable laws, codes, ordinances, regulations, insurance requirements, and policies applicable to, or in effect at, the Project. Such compliance is
Owner’s sole responsibility, and any penalties or citations levied against Owner for failure to so comply levied by any local, state, or federal authorities shall be at Owner’s sole cost and expense. 

ARTICLE 11. INSURANCE 
 11.1 Coverage. Without limiting Seller’s liability under this Contract, each Party shall maintain in full force and effect during the term of this Contract the insurance required of such Party
by Exhibit G, all on the terms and conditions set forth in Exhibit G, which shall indicate what insurance costs are Reimbursable Costs. 
 ARTICLE 12. TERMINATION AND SUSPENSION 
 12.1 Owner’s Right to
Terminate for Cause. Owner may terminate this Contract for cause in the following circumstances: 
 12.1.1
Bankruptcy. If any proceeding is instituted against Seller seeking to adjudicate Seller as a bankrupt or insolvent, or if Seller makes a general assignment for the benefit of its creditors, or if a receiver is appointed on account of the
insolvency of Seller, or if Seller files a petition seeking to take advantage of any other Law relating to bankruptcy, insolvency, reorganization, winding up or composition or readjustment of debts and, in the case of any such proceeding instituted
against Seller (but not by Owner or an Affiliate of Owner, as applicable) such proceeding is not dismissed within sixty (60) Days of such filing, Owner may without prejudice to any other right or remedy it may have, terminate this Contract by
written notice to Seller. 

  

					
	Confidential	 	23	 	Purchase Order No. 1

 12.1.2 Force Majeure. If Seller is unable to perform its obligations under this
Contract for a period of 180 consecutive days, or 270 days in the aggregate (whether or not consecutive) from the date a Force Majeure first occurs, Owner may without prejudice to any other right or remedy Owner may have, terminate this Contract by
written notice to Seller. 
 12.1.3 Non-Performance. Except as described in Section 12.3, if Seller is in
default of any material provision of this Contract other than provisions for which exclusive remedies are expressly specified, and fails to fully cure the same within thirty (30) Days after receipt of written notice thereof from Owner, or such
longer period not to exceed one-hundred eighty (180) Days as may be reasonably required to cure the same, provided Seller has commenced cure of such default within thirty (30) Days after receipt of such written notice and diligently
pursues such cure, Owner may, without prejudice to any other right or remedy, terminate this Contract by written notice to Seller. 
 12.1.4 MPLA Matters. Owner may terminate this Contract by written notice to Seller upon the occurrence of Fulcrum BioEnergy, Inc.’s right to terminate the MPLA under
Section 19(d)(i) or Section 19(d)(iii) of the MPLA. 
 12.1.5 Improper Use of Expense Account.
Owner may terminate this Contract by written notice to Seller, immediately, and without providing any cure rights to Seller, in the event Seller breaches any obligation hereunder relating to the Expense Account or otherwise makes any improper use of
the Expense Account or the funds therein; provided, that Seller shall have the right to cure such breach or improper use if Seller’s breach or improper use was inadvertent and is cured within two (2) days following receipt of notice of the
occurrence of such breach or improper use. 
 12.2 Seller’s Right to Terminate for Cause. Seller may terminate this
Contract for cause in the following circumstances: 
 12.2.1 Bankruptcy. If any proceeding is instituted against Owner
seeking to adjudicate such Party as a bankrupt or insolvent, or Owner makes a general assignment for the benefit of its creditors, or if a receiver is appointed on account of the insolvency of Owner, or if Owner files a petition seeking to take
advantage of any other Law relating to bankruptcy, insolvency, reorganization, winding up or composition or readjustment of debts and, in the case of any such proceeding instituted against Owner (but not by Seller or an Affiliate of Seller), as
applicable) such proceeding is not dismissed within sixty (60) Days of such filing, Seller may without prejudice to any other right or remedy it may have, terminate this Contract by written notice to Owner. 

12.2.2 Non-Performance. Except as described in Section 12.2.3 or Section 12.3, if Owner is in default of
any material provision of this Contract, and fails to fully cure the same within thirty (30) Days after receipt of written notice thereof from Seller, or such longer period not to exceed one-hundred eighty (180) Days as may be reasonably
required to cure the same, provided Owner has commenced cure of such default within thirty (30) Days after receipt of such written notice and diligently pursues such cure, Seller may, without prejudice to any other right or remedy, terminate
this Contract by written notice to Owner. 

  

					
	Confidential	 	24	 	Purchase Order No. 1

 12.2.3 Failure of Owner to Make Required Payments. If Owner fails to make any
payments to Seller or the Expense Account that are required by this Contract, and fails to remedy such failure within ten (10) days following written notice from Seller, then Seller may, without prejudice to any other right or remedy, terminate
this Contract by written notice to Owner. 
 12.3 Infringement or Misappropriation of Proprietary Materials. If either
Party materially defaults in its obligations under Section 18.2 or Section 18.25, infringes or misappropriates the other Party’s Proprietary Materials or IP Rights, including by exceeding the authorized scope of license,
the non-defaulting Party may provide the defaulting Party with a written notice specifying the nature of the breach. The non-defaulting Party shall have thirty (30) Days to cure from receipt of notice. If not cured within such period, the
non-defaulting Party may terminate this Contract and all license rights granted to the defaulting Party, by providing a second written notice of immediate termination. Immediately upon expiration or termination of a license, the defaulting Party
shall cease use of and immediately return all copies and embodiments of the other’s Confidential Information and Proprietary Materials then in its possession or under its reasonable control. 

12.4 Consequences of Owner’s Termination. 
 12.4.1 If Owner elects to terminate this Contract pursuant to Section 12.1 (other than Section 12.1.4), then (a) Owner shall have all rights and remedies available to Owner
under applicable Law, and Owner’s right to collect damages from Seller shall not be limited in any manner by the fact that any amount previously paid by Owner to Seller hereunder is described herein as “non-refundable” and
(b) Owner shall have an immediate right to refund of all amounts then on deposit in the Expense Account. 
 12.4.2 MPLA
Matters. If Owner elects to terminate this Contract under Section 12.1.4, then: 
 (a) if such termination
relates to MPLA Section 19(d)(i) and Section 3(c) of MPLA Exhibit E, Seller shall have the right to retain all amounts previously paid hereunder by Owner, provided that Owner shall be entitled to a prompt refund of all amounts (if any)
then on deposit in the Expense Account less any amounts then owed to Seller, and, subject to Section 18.23 and the rights of Fulcrum BioEnergy, Inc. under Section 3(c) of MPLA Exhibit E, the Parties shall have no further liability
or obligation to one another hereunder; and 
 (b) if such termination relates to MPLA Section 19(d)(iii) then Owner shall
be entitled to the rights and remedies available to it under applicable Law. 
 12.4.3 Termination After Shipment of PEM
Equipment. Notwithstanding anything herein to the contrary, if Owner terminates this Agreement after delivery to the Site of any portion of the PEM Equipment, then in addition to any provision that explicitly survives the expiration or
termination of this Contract, the provisions of Section 16.1, Article 17, Section 18.2.1 and Section 18.2.2, Section 18.6.2 (solely to the extent Owner assigns its rights under the other
Sections referenced in this Section 12.4.3), and Section 18.25, shall in each case survive and continue to bind the Parties. 

  

					
	Confidential	 	25	 	Purchase Order No. 1

 12.5 Termination for Convenience; Failure to Issue a Notice to Proceed. 

12.5.1 Termination for Convenience. Owner may, at its sole option, terminate this Contract at any time prior to delivery of any
PEM Equipment to the Site for Owner’s convenience, by written notice to Seller. 
 12.5.2 Failure to Issue Notice to
Fabricate. If Owner fails to issue a Notice to Proceed to Seller within eighteen (18) months following the Effective Date, then Seller may terminate this Contract by written notice to Owner. 

12.5.3 Remedies. If Owner terminates this Contract for convenience, or if Seller terminates this Contract for failure to issue a
Notice to Proceed, then (a) Seller shall stop work immediately and use all reasonable efforts to minimize any cancellation or other charges of any subcontractors or subvendors, (b) Seller shall be entitled to retain all amounts previously
paid hereunder (including the License Fee), but shall refund all amounts in the Expense Account after paying any Reimbursable Costs, (c) Owner shall reimburse Seller for its costs (calculated in the same manner as Reimbursable Costs), if any,
reasonably incurred as a result of the termination for convenience, (d) Owner shall retain (or be entitled to) title and possession of all components of PEM Equipment (but not PEM Documentation) in progress to which Seller has title but for
which Owner has paid for but has not yet taken possession or received, except for the Refractory, (e) to the extent Seller has included a provision similar to this Section 12.5.3 in its subcontracts pursuant to the last sentence of
this Section 12.5.3, Seller shall cause such subcontractors and subvendors to transfer title and possession to Owner of all components of PEM Equipment in progress to which Seller does not have title but for which Owner has paid for but
has not yet taken possession or received, except for the Refractory, (f) at Owner’s request, Seller shall cooperate with Owner to promptly transfer possession to Owner, and (g) Owner shall promptly return all PEM Documentation to
Seller. Notwithstanding anything in this Section 12.5.3 to the contrary, Owner shall not retain (or be entitled to) title or possession of the Refractory, but Seller shall use commercially reasonable efforts to redeploy or sell for scrap
value the Refractory, and Seller shall pay to Owner all amounts received by Seller in connection therewith, up to the amount of Reimbursable Costs paid by Owner to Seller attributable to the Refractory. Seller shall use commercially reasonable
efforts to include a provision substantially similar to this Section 12.5.3 in any subcontract with its subcontractors or subvendors. 
 12.6 Suspension and/or Change in Project. Owner may direct Seller to suspend performance of this Contract in whole or in part at any time and from time to time, by Owner’s ten
(10) Days’ prior notice of suspension, setting out, if appropriate, a description of the activities required in order to suspend performance in an orderly manner. Seller shall suspend performance as so instructed, and shall resume the
suspended performance as promptly as practicable following Owner’s notice of resumption. In the event of such suspension, Owner shall reimburse Seller for its costs (calculated in the same manner as Reimbursable Costs), if any, reasonably
incurred as a result of such suspension. The Contract Schedule shall be revised to take into account any delay resulting from such suspension. Additionally, in the event of any termination or material cessation of activities related to the Project
in circumstances where Owner (or one of its Affiliates) desires to use the PEM System covered by this Agreement for another project then Seller agrees to reasonably cooperate with Owner (and such Affiliates(s)) to enter into a Change Order to enable
the transfer of the PEM System and this Contract to such 

  

					
	Confidential	 	26	 	Purchase Order No. 1

 
other project, provided that (a) Owner (or the Affiliate transferee of this Contract) shall reimburse Seller for its costs (calculated in the same manner as Reimbursable Costs), if any,
reasonably incurred as a result of such transfer, and (b) the Contract Price shall be amended to add a Core System Fee pursuant to the MPLA. 
 ARTICLE 13. LIMITATION ON LIABILITY 
 13.1 Limitation On Damages.
Except for any liquidated damages expressly provided for herein, in no event, whether as a result of breach of contract, warranty, tort (including negligence), strict liability, or otherwise, shall either Party or its employees, officers, directors,
other personnel, Affiliates, contractors, subcontractors, subvendors or suppliers be liable for loss of profit or revenues, lost business opportunity, or loss of use damages or any other special, consequential, incidental, indirect or exemplary
damages, even if any remedies otherwise provided under this Contract, at law or in equity, fail of their essential purpose, and even if a Party had been advised of the possibility of such damages. 

13.2 Extent of Waivers. The waivers and disclaimers of liability, releases from liability, and limitations on liability expressed
in this Article 13 shall survive termination or expiration of this Contract, and shall apply whether in contract, equity, tort or otherwise, even in the event of the fault, negligence, strict liability, or breach of contract of the Party
released or whose liabilities are limited, and shall extend to the partners, members, managers, principals, shareholders, directors, officers, employees and agents of such Party and its Affiliates. 

13.3 Casualty to the PEM Equipment. Prior to the Acceptance Date, Seller’s liabilities, if any, associated with casualty
losses to the PEM Equipment shall be limited to the replacement of the Equipment in a reasonable time, except for any liabilities under Section 9.1. 
 ARTICLE 14. CONSTRUCTION MANAGER 
 14.1 Construction Manager. Owner
may retain a third party to serve as its construction manager and authorized representative (the “Construction Manager”), which Construction Manager may be Owner’s EPC Contractor, during the design and construction of the
Project, and to delegate to such Construction Manager the authority to act for and on behalf of Owner with respect to the ongoing administration of this Contract. Owner shall notify Seller of the name of the Construction Manager at the time Owner
delivers the Notice to Proceed. The Parties agree that the continuing acts, writings and notices of the Construction Manager with respect to matters hereunder shall be deemed to be the acts, writings and notices of Owner hereunder, binding upon
Owner for all purposes of this Contract, and if directed by Owner, Seller agrees that, except as otherwise expressly provided herein, Seller shall communicate and deal directly with the Construction Manager on all matters arising under this
Contract. Claims and causes of action arising therefrom, however, shall be asserted only against Owner, and not against Construction Manager, except in the case of fraudulent or willful misconduct by the Construction Manager or in connection with
infringement or disclosure of Seller’s Proprietary Materials or the release of Confidential Information. All of the foregoing is contingent upon Construction Manager executing a nondisclosure and confidentiality agreement with Seller,
satisfactory in form and substance to Seller at Seller’s sole discretion. Owner hereby expressly assumes any and all liability of Construction Manager and agrees to fully indemnify and defend Seller for any and all

  

					
	Confidential	 	27	 	Purchase Order No. 1

 
claims for Losses related to the same, on and subject to the same terms and conditions set forth herein as if the actions and omissions of the Construction Manager were the actions and omissions
directly of the Owner. 
 ARTICLE 15. FORCE MAJEURE 

15.1 Excuse by Force Majeure. Neither Party shall be liable for any delays in performance hereunder (except performance of any
payment obligation with respect to amounts which have become due and payable) due to fire, wind storm, riot, acts of God, acts of the public enemy, acts of war whether declared or undeclared, acts (including delay, failure to act or priority) of any
governmental authority, civil disturbance, sabotage, earthquake, floods, work stoppage, strikes or other labor difficulties at facilities other than Seller’s or its subcontractors or subvendors (provided that such labor difficulties are
widespread and of a general nature), or other similar unforeseeable causes beyond the reasonable control and without the fault or negligence of the Party incurring such delay, provided that such Party has diligently sought to mitigate the potential
impact of any such delay (the occurrence of such event, a “Force Majeure”). A Party which anticipates claiming any delay in performance by reason of any such occurrence shall within three (3) business Days after obtaining
knowledge that such occurrence is reasonably likely to cause a delay notify the other Party in writing thereof. No extension of any time periods hereunder shall by reason of such causes be extended for a period exceeding the time reasonably
necessary to overcome the Force Majeure. 
 ARTICLE 16. LICENSE GRANTS 

16.1 Grant of Licenses and Acknowledgement. 
 16.1.1 Seller’s Grant to Owner. Subject to the terms and conditions of this Contract, Seller hereby grants to Owner (once the Contract Price hereunder has been paid) a fully paid-up,
royalty-free license under Seller’s IP Rights to use the PEM Technology provided to Owner for the sole purpose of operating and maintaining as part of the Project the PEM Equipment purchased hereunder. Owner shall use the PEM System only in the
Field and only within the Territory. It is acknowledged, however, that as between Seller and Owner under this Contract, Seller is and shall be the sole and exclusive owner of all IP Rights in and to the PEM Technology, and no ownership of the PEM
Technology or the IP Rights in and to the PEM Technology are transferred to Owner. 
 16.1.2 Owner’s Grant to
Seller. Owner hereby grants to Seller, subject to the terms and conditions of this Contract, a fully paid-up, royalty-free worldwide license under Owner’s IP Rights to make such limited uses of Owner Technology as are reasonably required to
perform the Services and Support Services for the benefit of Owner in connection with the PEM Equipment purchased under this Contract. It is acknowledged, however, that as between Owner and Seller under this Contract, Owner is and shall be the sole
and exclusive owner of all IP Rights in and to Owner Technology, and no ownership of Owner Technology or the IP Rights in and to Owner Technology are transferred to Seller. 

  

					
	Confidential	 	28	 	Purchase Order No. 1

 16.1.3 Term and Termination of Licenses. Except as otherwise expressly specified in
this Contract, the licenses granted hereunder shall continue in effect for so long as Owner or any permitted successor or assign retains ownership of the PEM Equipment. 
 ARTICLE 17. DERIVATIVE WORKS, IMPROVEMENT PATENTS AND NEW MATERIALS 
 17.1
General. During the term of this Contract, the Parties may develop, author, invent, create and/or conceive, either solely or jointly with others: (a) Derivative Works; and/or (b) Improvements of the PEM System or Owner Technology;
as well as (c) brand new Proprietary Materials that are not Derivative Works or Improvements of either the PEM System or Owner Technology (the “New Materials”). The Parties’ respective ownership in and to such Derivative
Works, Improvements and New Materials shall be as set forth below in this Article 17. 
 17.2 Ownership of Derivative
Works. Each Party owns and shall continue to own all IP Rights in and to the Derivative Works of their respective Proprietary Materials, by whomever made, as if originally authored, created or conceived by such Party except as described below
with respect to Joint Materials. 
 17.3 Ownership of New Materials. If either Party develops, authors, invents, creates
and/or conceives any New Materials without assistance or contribution from the other Party, then unless otherwise set forth in this Contract, all IP Rights in and to those New Materials shall be owned solely and exclusively by the developing Party
except as described below with respect to Joint Materials. 
 17.4 Ownership of Improvements; Grant-back Licenses.

 17.4.1 Seller Improvements to Owner Technology. 

17.4.1.1 Ownership. If during the term of this Contract Seller invents, discovers or conceives any Improvement to Owner
Technology (the “Seller Improvements to Owner Technology”), all such Seller Improvements to Owner Technology and all IP Rights in and to them shall be owned by Owner. Seller shall assign, and hereby perpetually and irrevocably
assigns to Owner, all such right, title and interest in and to Seller Improvements to Owner Technology. Owner shall be solely responsible for maintaining such Seller Improvements to Owner Technology. 

17.4.1.2 Grant-back License. Without in any way limiting Owner’s ownership hereunder, unless restricted by Owner’s
third party licensors, Owner shall grant and hereby grants to Seller, and Seller only, a fully paid-up, enterprise-wide, royalty-free, worldwide, perpetual, non-exclusive, sublicense-able through multiple tiers, license under Owner’s IP Rights
to use Seller Improvements to Owner Technology in the field of bioenergy and gasification. The license rights granted in the previous sentence shall be: (i) non-transferable except in connection with a sale, merger, or reorganization involving
substantially all of Seller’s assets related to Seller’s business, and (ii) shall be “AS-IS” without warranty of any type, except that Owner hereby warrants that it has full power and authority to grant the applicable
license(s). 

  

					
	Confidential	 	29	 	Purchase Order No. 1

 17.4.2 Owner Improvements to PEM Technology. 

17.4.2.1 Ownership. If, during the term of this Contract, Owner invents, discovers or conceives any Improvement to the PEM
Equipment or PEM Technology (the “Owner Improvements to PEM Technology”), all such Owner Improvements to PEM Technology and all IP Rights in and to them shall be owned by Seller. Owner shall assign, and hereby perpetually and
irrevocably assigns to Seller, all such right, title and interest in and to Owner Improvements to PEM Technology. Seller shall be solely responsible for maintaining such Owner Improvements to PEM Technology. 

17.4.2.2 Grant-back License. Without in any way limiting Seller’s ownership hereunder, Seller shall grant and hereby grants
to Owner, a fully paid-up, royalty-free, worldwide, perpetual, non-exclusive, non-assignable but sublicense-able through multiple tiers, license under Seller’s IP Rights to use Owner Improvements to PEM Technology at the Project or any other
project controlled by Owner for any purpose related to the field of bioenergy. The license rights granted in the previous sentence shall be: (i) non-transferable except in connection with a sale or merger involving all or substantially all of
the Project or the controlling portion of Owner’s shares or other interests in the Project, and (ii) without in any way limiting the warranties provided by Seller under this Contract with respect to the underlying PEM System components on
which Owner Improvements to PEM Technology licensed hereunder may be based, shall be “AS-IS” without warranty of any type, except that Seller hereby warrants that it has full power and authority to grant the applicable license(s).

 17.4.3 Further Assurances. Each Party (the “Notifying Party”) shall notify the other Party of any
Improvements developed by the Notifying Party which would, under the terms of this Article 17, be owned by the other Party. Such notice shall be provided as soon as reasonably possible following development by the Notifying Party. Notifying
Party further acknowledges and agrees that, in the event the other Party decides to file patent applications on such Improvements or to file registrations for any other IP Rights on such Improvements, Notifying Party shall cooperate with the filing
Party in the preparation of any and all such patent applications or other IP Rights applications, and the execution of any and all assignments or other documents, necessary in connection with obtaining such patent or other IP Rights protection in
the name of other Party anywhere in the world. In addition, the Parties shall document all Joint Materials in a cooperatively prepared invention report describing such Joint Materials in sufficient detail so as to allow the Party with Filing
Responsibility (as defined below) to fulfill its obligations under Section 17.5. 
 17.5 Development of Joint
Materials. 
 17.5.1 Ownership. If during the term of this Contract, Owner and Seller (including the employees,
consultants and contractors of each Party) working jointly together invent, discover or conceive any New Materials, or Derivative Works of or Improvements to such New Materials (collectively, the “Joint Materials”) then all such
Joint Materials and all IP Rights in and to them shall be owned jointly and equally by the Parties and the Parties shall cooperate with each other as described in this Section in preparing, filing and prosecuting all IP Rights in and to the Joint
Materials and in the maintenance of any such IP Rights. 

  

					
	Confidential	 	30	 	Purchase Order No. 1

 17.5.2 Filing Responsibility; Notices. Seller shall have the first right, but not
the obligation, to assume responsibility for the preparation, filing prosecution and maintenance of all IP Rights in or to the Joint Materials (“Filing Responsibility”). If Seller declines Filing Responsibility, then Seller shall
provide Owner with written notice thereof no later than sixty (60) Days prior to the first applicable statutory bar date or other deadline for filing, registering or otherwise protecting the IP Rights for the Joint Materials. Within twenty
(20) business days of receipt of such notice from Seller, Owner shall provide Seller with written notice confirming Owner’s assumption of Filing Responsibility or declining same. If Owner so declines, Seller shall have the right, but not
the obligation, to resume Filing Responsibility. 
 17.5.3 Costs; Non-Filing Party’s Rights and Obligations. In all
events, the Party assuming Filing Responsibility shall provide, and shall direct its counsel to provide, the other Party (the “Non-Filing Party”) with copies of all such applications and all correspondence with all applicable
offices and authorities (including any official actions and proposed responses thereto) prior to any applicable filing deadline, and shall give the Non-Filing Party a reasonable period of time in which to provide comments and input on such
applications and responses. The costs and expenses incurred by the Party assuming Filing Responsibility, as well as any other reasonable, documented costs associated with protection of the Joint Materials, shall be shared equally by the Parties. If
the Non-Filing Party declines to share in the costs and expenses of Filing Responsibility, then the Non-Filing Party shall and hereby does, upon the written request of the Party assuming Filing Responsibility, assign to the Party having Filing
Responsibility all right, title and interest, including all IP Rights, in and to the Joint Materials in question. 
 ARTICLE
18. MISCELLANEOUS 
 18.1 Liquidated Damages Not Penalty. The Parties acknowledge and agree that it would be
difficult or impossible to determine with absolute precision the amount of damages that would or might be incurred by Owner as a result of Seller’s failure to perform those matters hereunder for which liquidated damages are provided. The
Parties agree that the amounts of liquidated damages provided under this Contract are in lieu of actual damages and are the Parties’ reasonable estimates of fair compensation for the Losses that may reasonably be anticipated from such failures
in respect of such matters, and do not constitute a penalty. For purposes of clarification, payment of any liquidated damages shall be the sole and exclusive remedy for any and all claims and Losses related to those matters for which liquidated
damages are provided. 
 18.2 Restriction On Reverse Engineering. 

18.2.1 Proprietary Trade Secrets. Certain features of the design and fabrication of the PEM Equipment are proprietary trade
secrets owned by Seller, the disclosure of which could have a material, adverse effect on Seller’s opportunities and advantages in the marketplace. The designs, dimensions, materials of construction, software and circuit configurations and
other features of the PEM Equipment and its sub-components shall remain the exclusive property of Seller under the terms of this Contract, subject only to the limited licenses provided herein, and Owner agrees to take all reasonable precautions
necessary to maintain the proprietary and trade secret status of the designs, dimensions, materials of construction, including software and circuit configurations. 

  

					
	Confidential	 	31	 	Purchase Order No. 1

 18.2.2 Restriction on Reverse Engineering. Notwithstanding any other provision in
this Contract that may appear to the contrary, Owner agrees not to disassemble, decompile the object code form of PEM Software, analyze the materials of construction, or otherwise reverse engineer, the PEM Equipment or any of its sub-components
provided herein, or to allow any third party to disassemble, decompile PEM Software pertaining to, analyze the materials of construction of, or otherwise reverse engineer, the PEM Equipment or any of its sub-components provided herein. 

18.2.3 Alterations to PEM Equipment. Owner shall not modify or otherwise alter the PEM Equipment (including the Refractories),
except (i) with the prior written consent of Seller (which shall not be unreasonably withheld or delayed), (ii) at Seller’s express direction (if subsequently confirmed in writing), and/or (iii) as necessary for Owner to perform
routine or emergency maintenance or repairs, provided that in all cases of routine or emergency maintenance or repairs to the Refractories, (x) Owner shall first request that Seller perform Refractory work (at Owner’s expense, equal
to Reimbursable Costs plus an additional 20% mark-up), and if Seller is willing and able, Seller shall perform such work within the time period reasonably specified by Owner, and (y) if Seller is unwilling or unable to perform such work within
the time period reasonably specified by Owner, then Owner shall then be free to perform such work without further consent or approval from Seller. 
 18.3 Advertising. Neither Seller nor Owner shall, without the prior written consent of the other, which consent shall not be unreasonably withheld, denied, or delayed, issue or make any press
releases to the public with respect to this transaction, the parties involved, or the terms or provisions of this Contract. Notwithstanding the foregoing, either Party may make disclosures with respect to this transaction without consent (i) in
connection with disclosure to potential investors in Seller, its Affiliates or technology, (ii) in connection with obtaining a company valuation, (iii) in connection with complying with any and all governmental filings or reports,
(iv) if such information is already in the public domain through no breach of the disclosing party, (v) for internal business purposes, (vi) in connection with any dispute with the other Party, or (vii) as otherwise required by
law. 
 18.4 Subcontractors. The Parties acknowledge that Seller may enter into certain subcontracts with subcontractors
and subvendors in order to perform this Contract. Each such subcontractor and subvendor the total amount payable to which is anticipated to exceed $1,000,000 shall be subject to the review and approval by Owner, along with the terms of the
subcontract, which approval shall not be unreasonably withheld. No such subcontractor or subvendor is intended to be or shall be deemed a third-party beneficiary of this Contract. Owner may recommend specific persons from whom, or entities from
which, Seller may choose to obtain bids with respect to the foregoing. Seller shall obtain bids from subcontractors or subvendors and shall deliver such bids to Owner (with redactions of trade secret information, if any). Seller shall then
determine, with the advice of Owner, which bids will be accepted. Seller shall not contract with anyone to whom Owner has reasonable objection. Subcontracts with subcontractors and subvendors shall conform to the applicable payment and related
provisions of this Contract and shall not be awarded on the basis of cost plus a fee without the prior consent of Owner, which shall not be unreasonably withheld. If the subcontract is awarded on a cost-plus fee basis, Seller shall provide in the
subcontract for Owner to receive the same audit rights with regard to the subcontract as Owner receives with respect to Seller hereunder. Notwithstanding 

  

					
	Confidential	 	32	 	Purchase Order No. 1

 
the foregoing, no arrangements between Seller and any subcontractor or subvendor shall create any contractual relationship between any subcontractor or subvendor and Owner. Seller shall be solely
responsible for the engagement and management of subcontractors and subvendors in the performance of work, for all work performed and items provided by subcontractors and vendors and for all acts and omissions of subcontractors and subvendors.

 18.5 Dispute Resolution. The following process is the exclusive process for resolving disputes related to the
Contract: 
 18.5.1 Negotiation. The Parties shall first attempt in good faith to resolve any dispute arising out of or
in connection with this Contract, or its performance including the existence and validity of this Contract promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the
persons with direct responsibility for the administration of this Contract (a “Management Representative”). Within seven (7) Days after determining to invoke dispute resolution, a Party shall provide the other Party with a
written notice of the dispute, a proposed means for resolving the same, and the support for such position. The second Party shall respond with the same types of information within seven (7) Days of receiving the first Party’s notice.
Thereafter, the Management Representatives of each Party shall meet to discuss the matter and attempt in good faith to reach a negotiated resolution of the dispute. If the Parties have not agreed upon a resolution of the dispute within forty-five
(45) Days after the date of the original notice provided under this Section 18.5.1, or such other time period as the Parties may agree in writing to allow for discussions (“Negotiation Period”), then at any time
after the end of the Negotiation Period, a Party may provide written notice to the other Party declaring an impasse (“Impasse Notice”) and initiating binding arbitration in accordance with the further provisions of
Section 18.5.2. 
 18.5.2 Binding Arbitration. Any dispute for which an Impasse Notice shall have been
delivered under Section 20(i)(i) shall be settled by arbitration administered by the American Arbitration Association (“AAA”) in San Francisco, California under its Commercial Arbitration Rules, and judgment on the award
rendered by the arbitrator may be entered in any court having jurisdiction thereof. Application of the Commercial Arbitration Rules shall be subject to the following: there shall be a single neutral arbitrator selected as follows: Within twenty
(20) Days after the AAA serves the confirmation of notice of filing of the arbitration demand, the Parties shall agree on the appointment of a single neutral arbitrator and so notify the AAA. If the Parties fail to agree on the appointment of a
single neutral arbitrator within that time period, and have not otherwise mutually agreed to extend that time period, then the AAA shall make the appointment. 
 18.5.3 Equitable Remedies. Notwithstanding any provision to the contrary in this Section 18.5, the Parties shall be entitled to seek injunctive relief or specific performance in a court
of law with respect to disputes arising under this Contract, including under Section 18.25 (Confidentiality). 

18.6 Assignment and Delegation. 
 18.6.1 Seller’s Assignment. Seller may not assign, sell, transfer or otherwise dispose of its rights or obligations under this Contract, nor (subject to Seller’s subcontract rights

  

					
	Confidential	 	33	 	Purchase Order No. 1

 
under Section 18.4) may Seller delegate its duties under this Contract, in each case without the prior written consent of Owner, except that Seller may assign the Contract or delegate
its duties hereunder to a successor, parent corporation, subsidiary or Affiliate without Owner’s consent, provided such assignment or delegation shall not affect Seller’s continuing obligations hereunder. Any such unauthorized assignment
or delegation shall be void and unenforceable. 
 18.6.2 Owner’s Assignment. Owner may not assign, sell, transfer or
otherwise dispose of its rights or obligations under this Contract, nor may Owner delegate its duties under this Contract, in each case without the prior written consent of Seller, except that Owner may assign this Contract or delegate its duties
hereunder without Seller’s prior written consent to (i) any Person who purchases all or substantially all of the assets of Owner, or (ii) a Lender (but solely as collateral security and in connection with any subsequent foreclosure
proceedings), or (iii) an Affiliate of Owner that owns or will own the Project; provided that in each case (A) such assignment or delegation shall not alter or amend the terms or conditions hereof, (B) if such assignment or
delegation occurs prior to the occurrence of the final payment specified in Section 4.8, Owner shall guaranty to Seller all payment obligations under Article 4 and (C) no such assignment or delegation may be made to an
assignee or delegee the primary business of which (or of its Affiliates) consists of the design and/or manufacture of gasification equipment involving plasma arc technology. Subject to clause (B) above, upon such assignment and assumption
described in clauses (i) and (iii) above, the assignor shall have no further liability or obligation under this Contract, except that the assignor shall itself continue to comply with and be liable under the provisions of this Agreement
respecting the protection of confidential information. Any unauthorized assignment or delegation shall be void and unenforceable. In connection with any assignment by Owner to Lender, Seller shall execute a consent to assignment and such other
documents as Lender may reasonably request. 
 18.6.3 Resale. Owner shall include the PEM Equipment in a facility that it
is constructing and shall not purchase the PEM Equipment for purposes of resale. 
 18.7 Severability. The invalidity of
one or more phrases, sentences, clauses, sections or articles contained in this Contract shall not affect the validity of the remaining portions of the Contract so long as the material purposes of this Contract can be determined and effectuated.

 18.8 Amendments. No change, amendment or modification of this Contract shall be valid or binding upon the Parties
hereto unless such change, amendment or modification shall be in writing and duly executed by both Parties hereto. 
 18.9
Joint Effort. Preparation of this Contract has been a joint effort of the Parties and the resulting document shall not be construed more severely against one of the Parties than against the other. 

18.10 Captions. The captions contained in this Contract are for convenience and reference only and in no way define, describe,
extend or limit the scope or intent of this Contract or the intent of any provision contained herein. 
 18.11
Non-Waiver. Any failure of any Party to enforce any of the provisions of this Contract or to require compliance with any of its terms at any time during the pendency of this 

  

					
	Confidential	 	34	 	Purchase Order No. 1

 
Contract shall in no way affect the validity of this Contract, or any part hereof, and shall not be deemed a waiver of the right of such Party thereafter to enforce any and each such provision.

 18.12 Applicable Law. This Contract shall be governed by, construed and enforced in accordance with the laws of the
State of New York, exclusive of conflicts of laws provisions. 
 18.13 Successors and Assigns. Subject to
Section 18.6, this Contract shall be binding upon and inure to the benefit of the Parties hereto, their successors and permitted assigns. 
 18.14 Independent Contractor Status. Seller is an independent contractor, and all persons employed by Seller in connection herewith shall be employees of Seller and not employees of Owner in any
respect. Nothing contained in this Contract shall be construed as constituting a joint venture or partnership between Seller and Owner. 
 18.15 Financing Assistance. Seller shall provide such documents, other technical assistance and cooperation as Owner may reasonably request in connection with obtaining financing for the Project to
the extent consistent with this Contract. Without limiting the foregoing, Seller agrees that it will make available to Owner and Lender such information relating to the status of the PEM System and the Services as Owner or Lender may reasonably
request. In addition, after receipt of a written request from Owner, Seller shall execute and deliver to Owner or the applicable assignee reasonable consents to collateral assignment of the rights of Owner under this Contract on customary market
terms, and such estoppel statements certifying among other things that, to the extent they are known to be true in Seller’s knowledge: (a) this Contract is in full force and effect; (b) no modifications have been made except those
disclosed; (c) no disputes or defaults exist; (d) no events have occurred that would, with the giving of notice or the passage of time, constitute a default under this Contract; and (e) all amounts then due and owing have been paid to
date. The reasonable, documented costs actually incurred by Seller to comply with the obligations in the foregoing sentence shall be reimbursed by Owner to Seller from the Expense Account. 

18.16 Counterparts. This Contract may be signed in any number of counterparts and each counterpart shall represent a fully
executed original as if signed by both Parties. 
 18.17 Notices. Any written notice, direction, instruction, request or
other communication required or permitted under this Contract shall be deemed to have been duly given on the date of receipt, and shall be either served personally or by telefacsimile to the Party to whom notice is to be given, or mailed to the
Party to whom notice is to be given, by first class registered or certified mail, return receipt requested, postage prepaid, and addressed to the addressee at the address stated opposite its name below, or at the most recent address specified by
written notice given to the other Party in the manner provided in this Section 18.17. All other written notices or other aforesaid written communications hereunder from Seller to Owner shall be delivered to Owner, with a copy to
Construction Manager, provided that Owner may direct Seller in writing to send payment invoices to Construction Manager at an address to be provided to Seller by Owner. 

  

					
	Confidential	 	35	 	Purchase Order No. 1

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

Pleasanton, CA 94588
 Attn: Stephen H. Lucas
 Tel: (636) 673-9401

E-mail: steve@fulcrumbioenergy.com
  

With a copy to:
  

Fulcrum BioEnergy, Inc.
 4900 Hopyard Road, Suite 220
 Pleasanton, CA 94588

Attn: Richard D. Barraza
 Tel: (925) 224-8244
 Fax: (925) 730-0157

E-mail: rbarraza@fulcrum-bioenergy.com

		
	Seller:	 	 InEnTec LLC
 595 S.W. Bluff Drive, Suite B
 Bend, OR 97702

Attn: Matthew B. Glass
 Tel: (541) 749-2123
 Fax: (866) 294-7568

E-mail: mglass@inentec.com
  

With a copy to:
  

InEnTec LLC
 595 S.W. Bluff Drive, Suite B
 Bend, OR 97702

Attn: J. Michael Rocket
 Tel: (541) 749-2142
 Fax: (866) 393-0231

E-mail: mike.rockett@inentec.com

 18.18 Complete Contract. This Contract, including all Exhibits attached hereto, constitutes the
complete agreement between the Parties as of the date of the Contract, and supersedes any and all agreements made or dated prior thereto between the Parties and/or their Affiliates relating to the subject matter hereof. The Parties acknowledge that
nothing in this Contract supersedes or replaces any of the terms of that certain Amended and Restated Limited Liability Company Agreement of Fulcrum Sierra BioFuels, LLC, dated as of April 1, 2008, as amended from time to time, between Fulcrum
Sierra Holdings, LLC and IMS Nevada LLC, including Section 8.7 thereof. 

  

					
	Confidential	 	36	 	Purchase Order No. 1

 18.19 Owner’s Review of Seller’s Data. Except as otherwise expressly
specified in this Contract, no inspection or review by Owner, Lender, Consulting Engineer, Construction Manager or their representatives shall constitute an approval, endorsement or confirmation of any drawing, plan, specification, PEM Equipment,
PEM Technology, or Services or an acknowledgment by Owner, the Lender, Consulting Engineer or Construction Manager that any drawing, plan, specification, PEM Equipment, PEM Technology or Services satisfies the requirements of this Contract; nor
shall any such inspection or review relieve Seller of any of its obligations to provide the PEM Equipment, PEM Technology and Services in conformance with all requirements of this Contract. 

18.20 No Recourse. The obligations of Owner under this Contract shall be without recourse to any of the officers, board members,
directors, shareholders, managers, members, employees, agents, partners or Affiliates of Owner, or to the Affiliates of any of the foregoing. The obligations of Seller under this Contract shall be without recourse to any of the officers, board
members, directors, shareholders, managers, members, employees, agents, partners or Affiliates of Seller, or to the Affiliates of any of the foregoing. Seller’s recourse under this Contract shall be expressly limited to the Owner, and to
Project assets, and if the Project is being financed in whole or in part by Lender, shall include all funds actually provided by Lender(s) and made available for the construction of the Project. 

18.21 Representations. Each Party represents to the other Party that as of the Effective Date: (a) such Party has the full
power and authority to execute, deliver and perform this Contract and to carry out the transactions contemplated hereby; (b) the execution and delivery of this Contract by such Party and the carrying out by such Party of the transactions
contemplated hereby have been duly authorized by all requisite corporate (or, if applicable, partnership or limited liability company) action, and this Contract has been duly executed and delivered by such Party and constitutes the legal, valid and
binding obligation of such Party, enforceable against it in accordance with the terms hereof, subject, as to enforceability of remedies, to limitations imposed by bankruptcy, insolvency, reorganization, moratorium or other similar Laws relating to
or affecting the enforcement of creditors’ rights generally and to general principles of equity; (c) no authorization, consent, approval or order of, notice to or registration, qualification, declaration or filing with, any governmental
authority, is required for the execution, delivery and performance by such Party of this Contract or the carrying out by such Party of the transactions contemplated hereby; and (d) none of the execution, delivery and performance by such party
of this Contract, the compliance with the terms and provisions hereof, and the carrying out of the transactions contemplated hereby, conflicts or will conflict with or result in a breach or violation of any of the terms, conditions, or provisions of
any Law, governmental rule or regulation or the charter documents (or partnership or limited liability company operating agreement, if applicable), as amended through the date hereof or by-laws, as amended through the date hereof, of such Party or
any applicable order, writ, injunction judgment or decree of any court or governmental authority against such Party or by which it or any of its properties is bound, or any loan agreement, indenture, mortgage, bond, note, resolution, contract or
other agreement or instrument to which such Party is a party or by which it or any of its properties is bound, or constitutes or will constitute a default thereunder or will result in the imposition of any lien upon any of its properties.
Additionally, Seller represents to Owner that Seller’s name change prior to the date hereof in 2008 from Integrated Environmental 

  

					
	Confidential	 	37	 	Purchase Order No. 1

 
Technologies LLC to InEnTec LLC was solely a change in name and not the result of or in connection with any merger, acquisition, dissolution or other corporate reorganization. 

18.22 Site Access. Seller’s personnel performing Services at the Site shall comply with Owner’s Site safety and security
measures and shall cooperate at all times with Owner so as not to interfere with the progress of work at the Site. 
 18.23
Survival. In addition to any other provision herein which expressly survives the termination of this Contract, the provisions of Section 12.3, Section 13.1, Article 16, Article 17,
Section 18.2, Section 18.6.2 (solely to the extent Owner assigns its rights under the other Sections referenced in this Section 12.4.3), and Section 18.25, shall in each case survive a termination of
this Contract and shall continue to bind the Parties. 
 18.24 Third Parties. Except as otherwise expressly provided in
this Contract, nothing in this Contract shall be construed to create any duty to, standard of care with respect to, or any liability to any person who is not a party to this Contract. 

18.25 Confidentiality. 
 18.25.1 Confidential Information. Any Confidential Information of one Party (a “Disclosing Party”) provided or disclosed to the other Party (a “Recipient”), or
received by the Recipient through any other means, including written communication, oral communication, and visual inspection or observation, shall remain the exclusive property of the Disclosing Party. Without limiting Owner’s rights under the
licenses granted in this Contract, the Confidential Information shall be held by the Recipient and all other persons and entities in strictest confidence, and, except as permitted under such license rights, the Recipient shall not use, disclose,
copy, share, or publish, any Confidential Information for any purpose except as expressly contemplated by this Contract without first obtaining the express written consent of the Disclosing Party. The Parties understand and agree that, except for
the license rights described above, no such consent is given or shall be deemed to have been given through the provisions of this Contract. Recipient shall avoid any unnecessary copying or other reproductions of any Confidential Information and
shall protect the confidentiality of all such copies to the same extent required hereunder of original information. Upon the termination or expiration of this Contract or the revocation of the license hereunder, and at the request of the Disclosing
Party, the Recipient shall promptly return to Disclosing Party, without further demand or other request therefor, all Confidential Information and copies thereof; provided, however, that the foregoing return obligations shall not apply to licensed
portions of the Confidential Information. Recipient shall also deliver to Disclosing Party a certificate, signed by an officer of Recipient, stating that all Confidential Information and copies thereof has been delivered in accordance with the
requirements of this Section 18.25.1. 
 18.25.2 Disclosure of Confidential Information to Restricted
Individuals. A Recipient and all individuals having access to Confidential Information of the other Party at any time are hereby defined as “Restricted Individuals.” Restricted Individuals and all other parties that may gain
access to Confidential Information shall, as a condition to such access, be made subject to confidentiality terms containing confidentiality, non-disclosure and non-use provisions no less stringent than the provisions set forth herein. The Recipient
agrees to use its 

  

					
	Confidential	 	38	 	Purchase Order No. 1

 
best efforts to comply with and ensure the compliance of all Restricted Individuals with the terms of this Section 18.25. Notwithstanding the foregoing, any transmission of
Confidential Information, whether to third party contractors or another third party (including contractors, lenders or investors), should be done only on a need-to-know basis so as to prevent broad distribution of Confidential Information. Any
transmission of Confidential Information in breach of this Section 18.25 shall be deemed a material breach of this Contract, for which the Recipient will be liable. 

18.25.3 Restriction on Use of Confidential Information. Restricted Individuals shall not directly or indirectly, on his, her or
its own behalf or on behalf of others, or as an individual proprietor, partner, stockholder, officer, employee, director, joint venturer, promoter, sponsor, member, manager, investor, lender, consultant, or in any other capacity whatsoever:

 (a) use the Confidential Information of the Disclosing Party to engage in any design, development, production, manufacture,
alteration, or sale of models or demonstration units thereof, that utilize downdraft partial oxidation gasification, plasma heating, joule heating, and/or combinations of plasma and joule heating except as permitted to create the Improvements
contemplated hereby; or 
 (b) utilize the Confidential Information of the Disclosing Party to otherwise engage in any business
that utilizes the Confidential Information of the Disclosing Party except for such limited uses as are required to effect the Parties’ intent and for performance under this Contract, including in connection with the operation of the PEM
Equipment provided and sold by Seller to Owner pursuant to this Contract. 
 18.25.4 Definition of Confidential
Information. “Confidential Information” means information, data or materials of a Disclosing Party which are, to the Disclosing Party, secret, proprietary and/or confidential, including as may be so designated by statute,
regulation or common law. The foregoing shall be Confidential Information hereunder irrespective of its field of use, whether it is intangible or tangible, regardless of form, medium or physical format, and whether or not designated as confidential.
Without limiting the foregoing, “Confidential Information” includes: (i) any and all technical proprietary, business, and commercial information relating to the Disclosing Party’s products, including information relating to the
PEM Equipment, PEM Technology, the Project, business, products, customers, operations, financial status, technology and/or intellectual property of the Disclosing Party; (ii) all processes and know-how of a Disclosing Party including those
relating to waste treatment or processing and energy recovery and the design and/or operation of a Party’s products disclosed to or otherwise made available to Recipient hereunder; (iii) all physical embodiments of the technology referred
to in clause “(ii)”, including physical equipment and the design, fabrication and operation thereof, blueprints, process flow diagrams, samples, designs, specifications, sketches, concepts and drawings, operating manuals or instructions,
software, operating parameters, and any other items similar to or different from those listed that contain or reflect technical, proprietary, or other confidential information; (iv) trade secrets; and (v) any information that is designated
as Confidential Information elsewhere in this Contract. 

  

					
	Confidential	 	39	 	Purchase Order No. 1

 18.25.5 No License. Except as expressly set forth above, nothing contained in this
Contract shall be deemed to grant any right or license to Recipient. 
 18.25.6 Availability of Equitable Relief. The
Parties acknowledge and agree that money damages would not be a sufficiently adequate remedy for any breach of Recipient’s confidentiality obligations hereunder. As such, in the case of material uncured breach by Recipient, the Disclosing Party
shall be entitled to seek any and all legal and equitable remedies, including an immediate injunction and specific performance without proof of actual damages, and the immediate return of any or all Confidential Information (and copies thereof)
furnished to Recipient. Such remedies shall not be deemed to be the exclusive remedies for breach of Recipient’s confidentiality obligations hereunder, but shall be in addition to all other remedies available at law or equity. 

18.25.7 Notification of Unauthorized Use. Recipient will promptly notify Disclosing Party if it discovers any unauthorized use or
disclosure of any Confidential Information and will cooperate in every reasonable manner to assist in recovering and/or preventing any further unauthorized use of such Confidential Information. 

18.25.8 Termination of Obligations. The obligations of this Section 18.25 shall commence on the Effective Date of this
Contract and continue through the date that is five (5) years after termination of this Contract or for so long as the Confidential Information is afforded protection as confidential information or trade secret at law, whichever is longer.

 [The remainder of the page intentionally left blank; signature page follows.] 

  

					
	Confidential	 	40	 	Purchase Order No. 1

 NOW, THEREFORE, the Parties hereto have entered into this Contract as of the Effective
Date. 
  

									
	SELLER	 		 	OWNER
			
	InEnTec LLC,	 		 	Fulcrum Sierra BioFuels, LLC,
	a New York limited liability company	 		 	a Delaware limited liability company
					
	By:	 	 /s/ Jeffrey E. Surma
	 		 	By:	 	 /s/ E. James Macias

		 	Name: Jeffrey E. Surma	 		 		 	Name: E. James Macias
		 	Title: President and CEO	 		 		 	Title: President

  

  

			
	Confidential	 	Purchase Order No. 1

[SIGNATURE PAGE TO PURCHASE ORDER CONTRACT AND LICENSE] 

 PO No. 1 
 Exhibit A 
 PEM Equipment Description 

Consistent with the terms of the Contract, Seller agrees to provide Owner with the following: 
 I. Two Model G500P Plasma Enhanced Melter systems, with each system consisting of the following components: 
  

	 	•	 	 Pregasifier Subsystem, consisting of: 

  

	 	•	 	 Downdraft gasifier vessel 

  

	 	•	 	 Refractory lining 

  

	 	•	 	 Grate system 

  

	 	•	 	 Ducting to connect gasifier to plasma arc/vitrification vessel 

 

	 	•	 	 Ducting to connect gasifier to TRC 

  

	 	•	 	 Natural gas fired burner system 

  

	 	•	 	 Support structure and access mezzanines 

  

	 	•	 	 On module instrumentation, instrument wiring, and I/O panels/nodes 

 

	 	•	 	 On module process and utility piping and wiring with utility tie points (steam, oxygen, natural gas, instrument air, electrical power, nitrogen)

  

	 	•	 	 Plasma arc/vitrification Subsystem, consisting of: 

  

	 	•	 	 Vessel 

  

	 	•	 	 Refractory lining 

  

	 	•	 	 [***] glass drains 

  

	 	•	 	 [***] metal drain 

  

	 	•	 	 Ducting with refractory lining to connect plasma arc/vitrification vessel to TRC 

 

	 	•	 	 Support structure and access mezzanines 

  

	 	•	 	 On module instrumentation, instrument wiring, and I/O panels/nodes 

 

	 	•	 	 On module process and utility piping and wiring with utility tie points (steam, oxygen, instrument air, electrical power (but not including conductors
to electrodes), cooling water, nitrogen, cooling air duct) 

  

	 	•	 	 Electrical power conduit/cable tray for electrodes (but excluding power conductors from AC and DC power supplies to electrodes)

  

	 	•	 	 [***] DC electrode feeders 

  

	 	•	 	 Automated DC electrode addition system 

  

	 	•	 	 [***] AC electrode holders 

  

	 	•	 	 Thermal Residence Chamber (TRC) Subsystem 

  

	 	•	 	 Vessel 

  

	 	•	 	 Refractory lining 

  

	 	•	 	 Natural gas fired burner system 

  

	 	•	 	 Support structure and access mezzanines 

  

	 	•	 	 On module instrumentation, instrument wiring, and I/O panels/nodes 

  

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

	 	•	 	 On module process and utility piping and wiring with utility tie points (oxygen, natural gas, electrical power, nitrogen, compressed air, as
applicable) 

  

	 	•	 	 AC and DC power supplies for electrodes 

  

	 	•	 	 Glass/Metal Product Handling Subsystem 

  

	 	•	 	 Glass fritting system 

  

	 	•	 	 Metal receipt containers 

  

	 	•	 	 [***] power supplies 

 II.
Seller recommended spare parts, related to the following (with specific components to be determined): 
  

	 	•	 	 Pregasifier grate assembly 

  

	 	•	 	 Metal and glass drain assemblies 

  

	 	•	 	 Metal and glass product handling systems 

  

	 	•	 	 DC Electrode feeders 

  

	 	•	 	 Automated DC electrode addition system 

  

	 	•	 	 AC electrode holder assemblies 

  

	 	•	 	 AC electrode power supply 

  

	 	•	 	 DC electrode power supply 

  

	 	•	 	 Induction drain power supplies 

  

	 	•	 	 Pregasifier and TRC burner systems 

  

	 	•	 	 Instrumentation system 

III. Scope of Supply of PEM Equipment 
 The PEM
Equipment shall include all instrumentation, on-skid piping, on-skid wiring, junction boxes, programmable logic controllers, insulation, and any and all other tangible materials which would reasonably be considered part of the PEM core as described
in this Exhibit A and which would be necessary to cause the PEM System to function in the manner contemplated by this Contract. The boundaries for this scope of supply begin from the inlet flange of the downdraft gasifier through to the outlet
flange of the TRC and include all ancillary equipment which normally are directly associated with the PEM skid. 

  

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

 PO No. 1 
 Exhibit B 
 Primary Services Description 

 

	I.	ENGINEERING, DESIGN, MANUFACTURING AND PROCUREMENT OF THE PEM SYSTEM 

 A. Generally. Seller shall engineer, design, procure, manufacture, and deliver the PEM System in accordance with the Contract. 

B. Design of PEM System. Seller shall be responsible for the detailed design of the PEM System in accordance with the requirements
of the Contract and shall prepare all working drawings, coordination drawings, specifications, computer and programmable controller programs, shop drawings and as-built drawings required to perform Seller’s obligations under this Contract.
Seller shall provide a completely programmed PLC in accordance with Schedule 1 of this Exhibit B. Seller shall design, engineer, procure and manufacture the PEM System in a manner which shall be: 

1. Consistent with the actual conditions existing at the Site to the extent such conditions should have been apparent to an experienced
manufacturer or Seller during a reasonable inspection at the Site. Owner shall provide Seller with access to the Site for the purpose of such inspection(s); 
 2. In conformance with applicable Laws, including national, state, and local engineering, construction, safety codes and standards, including the Codes and Standards. 

 

	II.	PROVISION OF PEM DOCUMENTATION 

Seller shall provide Owner with the following documentation as part of the Services performed under the Contract. All materials that
Seller provides to Owner pursuant to this Exhibit B shall be considered “PEM Documentation” and “Confidential Information” as defined in the Contract. 

A. Summary Specifications. 
 1. Owner Information. Within seven (7) Days after providing the Notice to Proceed, Owner shall provide Seller with all information that reasonably may affect Seller’s design of the PEM
System, including the location of the Project and the feedstocks anticipated to be used in such Project. 
 2. Summary
Specifications. Seller shall provide Owner with summary specifications related to installation of the PEM System, including (i) PEM Equipment layout, weight, and dimensions, (ii) equipment utility requirements, (iii) location of
connection points, and (iv) other information or specifications requested by Owner. The schedule for providing each item required by this paragraph shall be described in the schedule developed pursuant to Exhibit D. 

 B. Design Materials. Seller shall provide Owner with Process Flow Diagrams, Heat and
Material Balances, Process and Instrument Diagrams, Utility Flow Diagrams, Line Lists, PEM Equipment Lists, Material Specifications, Instrument Specification and Loop Diagrams, Insulation Specifications, Structural Drawings and Foundation
Requirements, Piping Drawings, Equipment Mechanical Drawings, Programming of Programmable Logic Controllers (PLC), all boundary conditions for interfaces with other parts of Owner’s Project, and such other design documentation that may be
reasonably requested by Owner, in each case for the PEM System purchased under the Contract. The schedule for providing each item required by this paragraph shall be described in the schedule developed pursuant to Exhibit D. 

C. Installation Manual. Seller shall provide Owner with a supervisory installation manual (the “Supervisory Installation
Manual”) to guide Owner and Owner’s contractors in the installation of the PEM System no later than four (4) weeks prior to the first major shipment of PEM Equipment to the Site. Such Installation Manual may be provided in
installments if the PEM Equipment is shipped in installments, provided that such installment shall be delivered no later than four (4) weeks prior to the shipment of PEM Equipment to which such installment relates. Seller may from time to time
provide reasonable updates to such manual at its discretion. 
 D. Operating and Maintenance Manuals. Seller shall
provide Owner with an Operating and Maintenance Manual for the PEM System (the “Operating and Maintenance Manual”) no later than thirty (30) Days prior to the last shipment of PEM Equipment to Owner. 

E. As-Built Drawings. Within ninety (90) Days after the Acceptance Date, Seller shall update the Operating and Maintenance
Manuals with as-built information showing the PEM Equipment with all changes made by Seller through the date of the successful Performance Test. 
  

	III.	INSTALLATION OF THE REFRACTORY 

Seller shall install (directly or through subcontractors) the Refractory in accordance with Section 6.6 of the Contract.

  

	IV.	INSTALLATION, START-UP AND COMMISSIONING SERVICES 

 A. Generally. Seller shall provide technical advice regarding the installation, Start-Up, commissioning, and other technical assistance at the Site. 

B. Specific Installation, Start-Up and Commissioning Services. Without limiting the generality of Section A above, to the
extent requested by Owner, Seller shall provide the following Services: 
 1. Participate in preinstallation and progress
meetings on-Site. 
 2. Assist Seller in inventorying PEM Equipment received under this Contract and provide technical advice on
handling and storage to prevent damage. 
 3. Provide technical advice during the unloading, transporting and installation of
the PEM Equipment covered in this Contract. 

 4. Provide technical advice regarding the assembly, alignment and clearances of the PEM
Equipment received under this contract. 
 5. Provide technical advice and procedures for the PEM System. 

6. Provide technical advice regarding the installation, commissioning, and Start-Up of the PEM system. 

7. Provide technical advice during the testing of the PEM System. 

 

	V.	PERFORMANCE TESTING SERVICES 

Seller shall provide such Services in connection with the Performance Tests, as set forth in the detailed testing procedures mutually
agreed to by the Parties in accordance with the Performance Guarantees and Testing Schedule. 
  

	VI.	TRAINING SERVICES 

 Seller shall
provide training services with respect to the PEM System, as described herein. 
 A. General. Unless noted otherwise
training will be held at a combination of the Site, Seller’s Richland, Washington facilities, or other locations to be mutually agreed. The course and the training manuals shall be Site specific. Personnel providing the training shall be
knowledgeable in the PEM System and operating conditions specific to this Contract. The training shall include ten (10) students. Seller shall supply ten (10) textbooks which will be retained by Owner. The instruction shall be in English.
Persons participating in the training course shall satisfy Seller’s condition under Section 7.3(f). 
 B.
Objective. The objective of the training course shall be to familiarize the supervisors, operators and maintenance personnel with the safe continuous operation of the PEM System supplied under this Contract. 

C. Course Duration. The duration of the training course shall be as reasonably determined by Seller and Owner. All classes shall
be held on consecutive business days, eight hours a day with no classes on holidays or weekends. 

 PO No. 1 
 Exhibit C 
 Initial Control Budget 

 

					
	 Item
	  	Budget	 
	 PEM Equipment (two G500P PEM Systems, including shipping and refractory installation) (See note (2))
	  	$	[***]	  
	 Spare Parts
	  	$	[***]	  
	 Project Planning and Engineering Support Services
	  	$	[***]	  
	 Detailed Engineering and Final Design
	  	$	[***]	  
	 Services for Documentation, Installation, Start-up, Commissioning, Performance Testing, and Training
	  	$	[***]	  
	 Project Management Services
	  	$	[***]	  
	 Post-Acceptance Support Services
	  	$	[***]	  
	 Insurance
	  	 	See note (1)	  
	 Sales Taxes
	  	 	See note (1)	  

 Note (1): Sales taxes and insurance required under Sections 5 and 6 of Exhibit G are not included in this Initial
Control Budget; costs incurred for these items will be billed at actual cost, if any such costs are incurred. 
 Note (2): If the Parties
mutually agree that the PEM systems delivered under this Contract will operate at higher than atmospheric pressure, a new budget will be established. 

  

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

 PO No. 1 
 Exhibit D 
 Contract Schedule 

Seller shall provide Owner with a Contract Schedule within 30 days after Owner provides Seller with written Notice to Proceed and makes
all payments associated with such notice. 

 PO No. 1 
 Exhibit E 
 Performance Guarantees and Testing Schedule

 Performance Guaranty: 

Seller guarantees that during a validly conducted performance test, based on the Feedstock Rate and Average Composition described on Schedule 1 to
this Exhibit E, the PEM System will produce syngas with the composition described on Schedule 1 to Exhibit E, while requiring the utilities and electricity described on Schedule 1 to Exhibit E below. 

Performance Test Guidelines: 
 The 24
hour Performance Test procedures referenced in Section 8.2.1 of the Contract shall describe the procedures to conduct the Performance Test, the methodology and calculations used measure the performance criteria and to monitor the conduct
of the Performance Test, and shall at a minimum include the following: 
  

	 	•	 	 Testing and sampling protocol for measuring the quantity of feed processed 

 

	 	•	 	 Testing and sampling protocol for measuring the chemical composition of the syngas produced on a continuous basis 

 

	 	•	 	 Testing and sampling protocol for measuring the feed specification, which shall comply with industry standard sampling protocols, including samples
taken at least once every half hour during the Performance Test; each sample must meet the feed specification 

  

	 	•	 	 Monitoring and recordkeeping for compliance with all requirements of the system manuals and requirements, including the Supervisory Installation Manual
and the Operating and Maintenance Manuals 

  

	 	•	 	 Monitoring and recordkeeping of upstream and downstream operations 

 

	 	•	 	 Planned operation rates and operating parameters during the Performance Test 

 PO No. 1 
 Exhibit F 
 Performance Guarantees Liquidated Damages Amount

 The “Liquidated Damages Amount” shall be calculated by adding the liquidated damages determined using the chart below for
(1) Overall Feedstock Throughput Rate and (2) Total Carbon Content as CO. 
 (1) For each percentage difference in the actual Overall
Feedstock Throughput Rate achieved during the applicable Performance Test from the target Overall Feedstock Throughput Rate as shown on Schedule 1 to Exhibit E, the liquidated damages shall be the corresponding amount (or if between
two values as shown below, a liquidated damages amount interpolated on a linear basis to the nearest dollar) shown below. 
 (2) For each
percentage difference in the Total Carbon Content as CO during the applicable Performance Test below [***] (avg), the liquidated damages shall be the corresponding amount (or if between two values as shown below, a liquidated damages amount
interpolated on a linear basis to the nearest dollar) shown below. 
  

					
	Cap on Liquidated Damages	 	  50% of License Fee
	License Fee	 	$[***]
	LD Cap	 	$[***]

 [***] 

  

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

 PO No. 1 
 Exhibit G 
 Insurance Requirements 

Seller’s Insurance Requirements: 
 Set forth below are the insurance coverages to be carried by Seller following the date of Owner’s issuance of the Notice to Proceed. 

 

	 	1.	Commercial General Liability Coverage 

 a. $5 million per occurrence, $10 million in the aggregate 
  

	 	2.	Auto Liability 

a. $1 million per occurrence 
  

	 	3.	Workers Compensation Coverage 

 a. per statutory requirements 
  

	 	4.	All Risk Property Damage 

 a. covering the PEM Equipment while in InEnTec’s care, custody and control 
 b. either providing replacement cost coverage for the PEM Equipment or providing a separate limit applicable to the PEM Equipment in an amount equal to 125% of the replacement cost thereof 

 

	 	5.	Transit Insurance 

a. Owner to decide whether to have covered by InEnTec procured insurance or by an endorsement to Owner’s builders
risk policy prior to shipment. InEnTec to provide notice to Fulcrum prior to making any equipment shipments. 
 Coverages under
4 and 5 above are reimbursable. All other coverages above are not reimbursable. 
 Seller shall require any of its
subcontractors who perform work on Owner’s Site to have Commercial General Liability Insurance (minimum $1 million per occurrence, $2 million aggregate), Auto Liability Insurance ($1 million per occurrence), and Worker’s Compensation
Coverage (per statutory requirements). 
 Seller shall cause the insurance to be obtained under this Exhibit G to satisfy
the following provisions and requirements, or such other provisions and requirements as mutually agreed by the Parties. 

 A. All insurance required by this Exhibit G shall be from insurance companies
authorized to transact that class of insurance in the states the Services are performed and having a minimum rating or (or equivalent to) A, VI by A.M. Best & Company, or with insurance companies approved by Owner and Seller. Except as
specified in Section 4 and 5 above, Seller shall maintain the insurance required under this Exhibit G until the end of the Warranty Period. 
 B. Seller shall, at Owner’s written request, add Owner, Lenders, Construction Manager, and Owner’s Affiliates and subcontractors of every tier (the “Additional Insureds”) as
additional insureds using a commercial standard form 20 10 or equivalent endorsement. 
 C. The policies in items 1 and 2 above
shall be endorsed to contain a commercially standard form of waiver of subrogation. 
 D. Thirty (30) days’ written
notice shall be given to Owner of any cancellation, intent not to renew, or reduction in the policies’ coverage. In the event of cancellation due to non-payment of premium, Owner and Lenders, if any, shall have the right to make payments in
order to keep insurance in force. 
 E. Within twenty (20) days after receipt of the Notice to Proceed, Seller and its
subcontractors that are required to provide coverage, if any exist at such time, shall provide Owner with a certificate(s) of insurance giving evidence of insurance required by this Exhibit G. Additionally, within ten (10) business days
after renewal or binding of new replacement policies, Seller and subcontractors that are required to provide coverage shall furnish Owner with a certificate(s) of insurance or a policy binder(s) giving evidence of the replacement coverage.

 F. The acceptance of delivery of any certificates of insurance, binders, or insurance policies required to be purchased and
maintained pursuant to this Contract does not constitute approval or agreement by the recipient that the insurance requirements have been met or that those certificates of insurance or insurance policies are in compliance with this Contract.

 Owner’s Insurance Requirements: 
 During the construction of the Project (and continuing until the Acceptance Date), Owner will maintain property damage, commercial general liability and other insurances in amounts customary for
a business similar to the Project, all as determined in Owner’s reasonable discretion. 

 PO No. 1 
 Exhibit H 
 Reimbursable Costs Terms and Conditions

 ARTICLE 1. REIMBURSABLE COSTS 
 1.1 Generally. Reimbursable Costs under the Contract shall mean costs actually incurred by Seller in the proper performance of the Contract related to the engineering, procuring, manufacturing,
installation, commissioning, insuring and shipping of the PEM System and the provision of the Services. “Reimbursable Costs” shall only include the items set forth in this Section 1.1 of this Exhibit H or that are
identified as Reimbursable Costs elsewhere in this Contract, which shall in any event include all items in the Control Budget, as updated from time-to-time pursuant to Section 4.3. 

1.1.1 Seller Labor Costs. 
 1.1.1.1 Wages and salaries (without mark up) actually paid to personnel directly employed by Seller to perform this Contract, but only for that portion of their time actually engaged in such performance.
The maximum billable hourly rates (without mark up) for wages and salaries of Seller personnel are set forth on Exhibit I. Seller may update Exhibit I as needed to reflect changes in Seller’s wages and salaries from time-to-time with the
approval of Owner, such approval not to be unreasonably withheld or delayed. 
 1.1.1.2 A percentage “mark-up” for
all applicable wages and salaries paid to Seller personnel directly employed by Seller under preceding Section 1.1.1.1, in the amounts set forth on Exhibit I, which mark-up is intended to cover all Seller overheads, G&A,
taxes, general insurances, contributions, assessments and benefits required by Law or collective bargaining agreements and, for personnel not covered by such agreements, customary benefits such as sick leave, medical and health benefits, holidays,
vacations and pensions profit sharing, etc. 
 1.1.2 Subcontract Costs. Payments made by Seller to subcontractors and
subvendors hired by Seller in accordance with Section 18.4, in accordance with the requirements of the subcontracts. 
 1.1.3 Costs of Materials and PEM Equipment. 
 1.1.3.1 Costs, including
transportation and storage, of materials and PEM Equipment incorporated, or to be incorporated, in the completed PEM System delivered under this Contract. 
 1.1.3.2 Third party royalties and license fees for third party equipment to be incorporated into the PEM System, or third party services, solely to the extent such equipment or services (except for
commercially available off-the-shelf software) are not 

 
generally contemplated by or reasonably inferable from the scope of supply and services to be provided by Seller hereunder and are specifically and expressly requested by Owner. 

1.1.3.3 Costs of materials described in Section 1.1.3.1 of this Exhibit H in excess of those actually installed to
allow for reasonable waste and spoilage. Any amounts realized from such sales of such excess materials shall be credited to Owner as a deduction from Reimbursable Costs. 
 1.1.4 Costs of Other Materials and PEM Equipment, Temporary Facilities and Related Items 
 1.1.4.1 Costs of transportation, storage, installation, maintenance, dismantling and removal of materials, supplies, temporary facilities, machinery, equipment and tools that are provided by Seller and
used in the performance of the Contract work. Costs of materials, supplies, temporary facilities, machinery, equipment and tools that are not fully consumed shall be based on the cost or value of the item at the time it is first used on the Site
less the value of the item when it is no longer used at the Site. Costs for items not fully consumed by Seller shall mean fair market value. 
 1.1.4.2 Rental charges for temporary facilities, machinery, equipment and hand tools not customarily owned by Seller’s workers that are provided by Seller at the Site and costs of transportation,
installation, minor repairs, dismantling and removal. The total rental cost of any Seller-owned item may not exceed the purchase price of a comparable item. Rates charged on Seller-owned equipment and quantities of equipment shall be subject to
Owner’s prior approval. 
 1.1.5 Other Expenses. Costs of document reproductions, facsimile transmissions and
long-distance telephone calls, postage and parcel delivery charges and reasonable petty cash expenses of Seller’s personnel working at the Site, and all other costs identified or described in the Control Budget. 

1.1.6 Off-Site Storage. Costs of materials and equipment (including PEM Equipment supplied under this Contract) stored off-Site at
a mutually acceptable location, with Owner’s prior approval. 
 1.1.7 Miscellaneous Costs. 

1.1.7.1 Premiums for that portion of insurance specifically required by this Contract that can be directly attributed to the Project, to
the extent set forth in the initial Control Budget. 
 1.1.7.2 Sales, use or similar taxes imposed by a governmental authority
that are related to the Contract work and for which Seller is liable. 

 1.1.7.3 Fees of laboratories for tests required by the Contract, except those related to
defective or nonconforming Contract work in connection with the warranties given under Article 7 and the Performance Guarantees under Article 8. 
 1.1.7.4 Expenses incurred in accordance with Seller’s standard written personnel policy for relocation, temporary living allowances, and travel of Seller’s personnel required for the Contract
work. 
 1.1.7.5 That portion of the reasonable expenses of Seller’s personnel incurred while traveling in discharge of
duties connected with the Contract work. 
 1.1.8 Other Costs and Emergencies 

1.1.8.1 Other costs incurred in the performance of the Contract work if, and to the extent, approved in advance in writing by Owner.

 1.1.8.2 Costs incurred in taking action to prevent threatened damage, injury or loss in case of an emergency affecting the
safety of persons and property associated with the Contract work. 
 1.1.8.3 Costs of repairing or correcting damaged or
nonconforming work executed by Seller, subcontractors or suppliers, provided that such damaged or nonconforming work was not caused by negligence or failure to fulfill a specific responsibility of Seller and only to the extent that the cost of
repair or correction is not recovered by Seller from insurance, sureties, subcontractors, suppliers, or others. Such costs shall not include, however, costs incurred by Seller (i) after the conclusion of the initial Performance Test to cause
the PEM System to achieve the Performance Guarantee or (ii) in connection with warranty work under Article 7. 
 ARTICLE 2.
NON-REIMBURSEABLE COSTS 
 2.1 Non-Reimbursable Costs. The following costs incurred by Seller shall not constitute
Reimbursable Costs: 
 2.1.1 Expenses of Seller’s principal office and offices other than any Site office. 

2.1.2 Overhead and general expenses, except as may be expressly included in Section 1.1.1.2 of this Exhibit H.

 2.1.3 Seller’s capital expenses, including interest on Seller’s capital employed for the Contract work. 

2.1.4 Except as provided in Article 1 of this Exhibit H, costs due to the negligence or failure of Seller, subcontractors
and suppliers or anyone directly or indirectly employed by any of them or for whose acts any of them may be liable to fulfill a specific responsibility of the Contract, including, costs incurred by Seller (i) after the conclusion of the

 
initial Performance Test to cause the PEM System to achieve the Performance Guarantee or (ii) in connection with warranty work under Article 8. 

2.1.5 Except as explicitly set forth in Article 1 of this Exhibit H, royalties and license fees paid by Seller related to
the PEM System to be delivered under this Contract or to particular materials or components thereof, it being acknowledged and agreed that all such royalties, license fees or other similar payments shall be payable by Seller. 

2.1.6 Any cost or expense not described in Section 1.1 of this Exhibit H. 

ARTICLE 3. RELATED PARTY TRANSACTIONS 
 3.1 Related Party. For purposes of Section 3.1 of this Exhibit H, the term “Related Party” shall mean a parent, subsidiary, Affiliate, member, manager or
partner, or other entity having common ownership or management with Seller, any entity in which any stockholder in, or management employee of, Seller owns any interest in excess of ten percent (10%) in the aggregate, or any person or entity
which has the right to control the business or affairs of Seller. The term “Related Party” includes any member of the immediate family of any person identified above. 

3.2 Related Party Transactions. If any Reimbursable Cost arises from a transaction between Seller and a Related Party, Seller
shall notify Owner of the specific nature of the contemplated transaction, including the identity of the Related Party and the anticipated cost to be incurred, before any such transaction is consummated or cost incurred. If Owner, after such
notification, authorizes the proposed transaction, then the cost incurred shall be included as a Reimbursable Cost, and Seller shall procure the work, equipment, goods or service from the Related Party. If Owner fails to authorize the transaction,
Seller shall procure the work, equipment, goods or service from some person or entity other than a Related Party. 
 ARTICLE 4.
DISCOUNTS, REBATES AND REFUNDS 
 4.1 Discounts. Cash discounts obtained on payments made by Seller
shall accrue to Owner if (a) before making the payment, Seller included them in the Payment Documentation delivered under Section 4.4 and received payment from Owner, or (b) Owner has deposited funds in the Expense Account with
Seller with which to make payments; otherwise, cash discounts shall accrue to Seller. Trade discounts, rebates, refunds and amounts received from sales of surplus materials and PEM Equipment shall accrue to Owner, and Seller shall make reasonable
provisions so that they can be obtained. 
 4.2 Application of Discounts. Amounts that accrue to Owner in accordance with
the provisions of Section 4.1 of this Exhibit H shall be credited to Owner as a deduction from Reimbursable Costs. 

ARTICLE 5. ACCOUNTING RECORDS 
 Seller shall keep full and detailed records and accounts related to the cost of the Contract work and all Reimbursable Costs and exercise such controls as may be necessary for proper

 
financial management under this Contract and to substantiate all Reimbursable Costs incurred. The accounting and control systems shall be reasonably detailed. Owner and Owner’s auditors
shall, during regular business hours and upon reasonable notice, be afforded access to, and shall be permitted to audit and copy, Seller’s records and accounts, including complete documentation supporting accounting entries, books,
correspondence, instructions, drawings, receipts, subcontracts, subcontractor’s proposals, purchase orders, vouchers, memoranda and other data relating to this Contract and Reimbursable Costs invoiced hereunder. Seller shall preserve these
records for a period of three (3) years after the Acceptance Date, or for such longer period as may be required by Law. 

 PO No. 1 
 Exhibit I 
 Seller Labor Rates and Mark-Up 

 

									
	 Category of Personnel
	  	Maximum Approved
Hourly Rate (Before
Mark-up)	 	  	Percentage Mark-Up
(Applied to Actual
Hourly Rate)	 
	 Engineer
	  	$	50	  	  	 	100	% 
	 Senior Engineer
	  	$	75	  	  	 	100	% 
	 Technician
	  	$	60	  	  	 	100	% 
	 Project Management
	  	$	60	  	  	 	100	% 
	 Clerical
	  	$	30	  	  	 	100	% 
	 Accounting
	  	$	50	  	  	 	100	% 
	 Executive
	  	$	125	  	  	 	100	%

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