Document:

Omnibus Incentive Plan

 Exhibit 10.28 

HERITAGE INSURANCE HOLDINGS, INC. 

OMNIBUS INCENTIVE PLAN 

1. Purpose and Effective Date. 

(a) Purpose. The Heritage Insurance Holdings, Inc. Omnibus Incentive Plan has two complementary purposes: (i) to attract and
retain outstanding individuals to serve as officers, employees, directors and service providers; and (ii) to increase shareholder value. This Plan will provide participants incentives to increase shareholder value by offering the opportunity to
acquire shares of the Company’s common stock, or receive monetary payments, on the potentially favorable terms that this Plan provides. In addition, the Plan is intended to advance the Company’s growth and success and to advance its
interests by attracting and retaining well-qualified Non-Employee Directors upon whose judgment the Company is largely dependent for the successful conduct of its operations and by providing such individuals with incentives to put forth maximum
efforts for the long-term success of the Company’s business. 
 (b) Effective Date. This Plan will become effective on, and
Awards may be granted under this Plan on and after, the date of the consummation of the IPO (the “Effective Date”). 
 2.
Definitions. Capitalized terms used in this Plan have the meanings given below. Additional defined terms are set forth in other sections of this Plan. 

(a) “10% Shareholder” means an Eligible Employee who, as of the date an ISO is granted to such individual, owns more than ten
percent (10%) of the total combined voting power of all classes of Stock then issued by the Company or a Subsidiary corporation. 
 (b)
“Administrator” means (i) the Committee with respect to Participants other than Directors and (ii) the Non-Employee Directors of the Board (or a committee of Non-Employee Directors appointed by the Board) with respect to
Participants who are Directors. In addition, subject to any limitations imposed by law and any restrictions imposed by the Committee, the Chief Executive Officer of the Company may act as the Administrator with respect to Awards made (or to be made)
to employees who are not Section 16 Participants or subject to Code Section 162(m) at the time such authority or responsibility is exercised. 

(c) “Affiliate” means any entity that, directly or through one or more intermediaries, is controlled by, controls, or is under
common control with the Company within the meaning of Code Sections 414(b) or (c), provided that, in applying such provisions, the phrase “at least 50 percent” shall be used in place of “at least 80 percent” each place it appears
therein. 
 (d) “Award” means a grant of Options, Stock Appreciation Rights, Performance Shares, Performance Units, Restricted
Stock, Restricted Stock Units, Deferred Stock Rights, Dividend Equivalent Units, an Annual Incentive Award, a Long-Term Incentive Award, or any other type of award permitted under the Plan. 

(e) “Beneficial Ownership” (or derivatives thereof) shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules
and Regulations under the Exchange Act. 
 (f) “Board” means the Board of Directors of the Company. 

 (g) “Cause” shall mean conduct involving one or more of the following: (i) the
substantial and continuing failure of the Participant, after notice thereof, to render services to the Company in accordance with the terms or requirements of his or her employment; (ii) disloyalty, gross negligence, willful misconduct,
dishonesty, fraud or breach of fiduciary duty to the Company; (iii) deliberate disregard of the rules or policies of the Company, or breach of an employment or other agreement with the Company, which results in directs in direct or indirect
loss, damage or injury to the Company; (iv) the unauthorized disclosure of any trade secret or confidential information of the Company; (v) the Participant’s conviction for a felony, as evidenced by a binding and final judgment, order
or decree of a court of competent jurisdiction; or (vi) the commission of an act which constitutes unfair competition with the Company or which induces any customer or supplier to breach a contract with the Company; or (vi) any conduct
constituting “cause” as such term may be defined in the Participant’s employment or service agreement with the Company. 

(h) “Change of Control” means the first to occur of any one of the following events: 

(i) The acquisition by any Person of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
of 50% or more of either (A) the then-outstanding Shares (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the
election of directors (the “Outstanding Company Voting Securities”); provided, however, that the following acquisitions shall not constitute a Change of Control: (1) any acquisition directly from the Company, (2) any acquisition
by the Company, (3) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Affiliated Company (as defined below) or (4) any acquisition by any corporation pursuant to a transaction
that complies with Sections 2(h)(iii)(A) - 2(h)(iii)(C); 
 (ii) Any time at which individuals who, as of the date hereof,
constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for
election by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for
this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; 
 (iii) Consummation of a reorganization, merger, statutory share
exchange or consolidation or similar corporate transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another
entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (A) all or substantially all of the individuals and entities that were the beneficial owners
of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially 

  
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own, directly or indirectly, more than 50% of the then-outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the
election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns the Company or all or substantially all of the
Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company
Voting Securities, as the case may be, (B) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company, or an Affiliated Company or such corporation resulting from
such Business Combination) beneficially owns, directly or indirectly, more than 50% of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the
then-outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the Business Combination, and (C) at least a majority of the members of the board of directors of the corporation resulting from
such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 

(iv) Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

Notwithstanding the foregoing, for purposes of an Award that provides for the payment of deferred compensation that is subject to Code Section 409A, the
definition of Change of Control herein shall be deemed amended to conform to the requirements of Code Section 409A to the extent necessary for the Award to comply with Code Section 409A. 

(i) “Code” means the Internal Revenue Code of 1986, as amended. Any reference to a specific provision of the Code includes any
successor provision and the regulations promulgated under such provision. 
 (j) “Commission” means the United States Securities
and Exchange Commission or any successor agency. 
 (k) “Committee” means the Compensation Committee of the Board (or a successor
committee with the same or similar authority), or such other committee of the Board designated by the Board to administer the Plan. Unless otherwise determined by the Board, the Committee shall be composed of no fewer than two directors, each of
whom is a “non-employee director” within the meaning of Rule 16b-3 and, if the Company is subject to Code Section 162(m), an “outside director” within the meaning of Code Section 162(m)(4)(C); provided that if no such
committee shall be in existence at any time, the functions of the Committee shall be carried out by the Board. 
 (l) “Company”
means Heritage Insurance Holdings, Inc., a Delaware corporation, or any successor thereto. 

  
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 (m) “Deferred Stock Right” means the right to receive Stock or Restricted Stock at some
future time. 
 (n) “Director” means a member of the Board, and “Non-Employee Director” means a Director who is not also
an officer or an employee of the Company or an Affiliate. 
 (o) “Disability” means, except as otherwise determined by the
Administrator and set forth in an Award agreement: (i) with respect to an ISO, the meaning given in Code Section 22(e)(3), and (ii) with respect to all other Awards, the inability to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of at least twelve (12) months, as determined by the Administrator. The Administrator
shall make the determination of Disability and may request such evidence of disability as it reasonably determines. 
 (p) “Dividend
Equivalent Unit” means payments (or an equivalent value payable in Shares or other property) equal to any dividends paid on Shares underlying an Award. 

(q) “Eligible Employee” means any officer or other employee of the Company or of any Affiliate, or any individual that the Company
or an Affiliate has engaged to become an officer or employee. 
 (r) “Exchange Act” means the Securities Exchange Act of 1934, as
amended. Any reference to a specific provision of the Exchange Act includes any successor provision and the regulations and rules promulgated under such provision. 

(s) “Excluded Items” means any gains or losses from the sale of assets outside the ordinary course of business; any gains or losses
from discontinued operations; any extraordinary gains or losses; the effects of accounting changes; any unusual, nonrecurring, transition, one-time or similar items or charges; the diluted impact of goodwill on acquisitions; and any other items
specified by the Administrator; provided that, for Awards intended to qualify as performance-based compensation under Code Section 162(m), the Administrator shall specify the Excluded Items in writing at the time the Award is made unless, after
application of the Excluded Items, the amount payable under the Award is reduced. 
 (t) “Fair Market Value” means, per Share on a
particular date: (i) the closing price on such date on the applicable stock exchange or, if no sales of Stock occur on the date in question, on the last preceding date on which there was a sale on such market; (ii) if the Shares are not
listed on the applicable stock exchange, but are traded on another national securities exchange or on an over-the-counter market, the last sales price (or, if there is no last sales price reported, the average of the last bid and asked prices) for
the Shares on the particular date, or on the last preceding date on which there was a sale of Shares on that exchange or market; or (iii) if the Shares are neither listed on a national securities exchange nor traded in an over-the-counter
market, the price determined by the Administrator. The Administrator also shall establish the Fair Market Value of any other property. If an actual sale of a Share occurs on the market, then the Company may consider the sale price to be the Fair
Market Value of such Share. 

  
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 (u) “Incentive Award” means the right to receive a cash payment to the extent
Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11. 

(v) “Incentive Stock Option” or “ISO” mean an Option that meets the requirements of Code Section 422. 

(w) “Inimical Conduct” means any act or omission that is inimical to the best interests of the Company or any Affiliate, as
determined by the Administrator, including but not limited to: (i) violation of any employment, noncompete, confidentiality or other agreement in effect with the Company or any Affiliate, (ii) taking any steps or doing anything which would
damage or negatively reflect on the reputation of the Company or an Affiliate, or (iii) failure to comply with applicable laws relating to trade secrets, confidential information or unfair competition. 

(x) “IPO” means an initial offering of the Shares to the public pursuant to an effective registration statement under the Securities
Act of 1933, as amended, or any comparable statement under any similar federal statute then in force. 
 (y) “Option” means the
right to purchase Shares at a stated price for a specified period of time. 
 (z) “Participant” means an individual selected by
the Administrator to receive an Award. 
 (aa) “Performance Awards” means a Performance Share and Performance Unit, and any Award
of Restricted Stock, Restricted Stock Units or Deferred Stock Rights the payment or vesting of which is contingent on the attainment of one or more Performance Goals. 

(bb) “Performance Goals” means the following categories (in all cases after taking into account any Excluded Items, as applicable),
including in each case any measure based on such category: 
 (i) Basic earnings per common share for the Company on a
consolidated basis. 
 (ii) Diluted earnings per common share for the Company on a consolidated basis. 

(iii) Total shareholder return. 

(iv) Fair Market Value of Shares. 

(v) Net sales. 

(vi) Cost of sales. 

(vii) Gross profit. 

  
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 (viii) Selling, general and administrative expenses. 

(ix) Operating income. 

(x) Earnings before interest and the provision for income taxes (EBIT). 

(xi) Earnings before interest, the provision for income taxes, depreciation, and amortization (EBITDA). 

(xii) Net income. 

(xiii) Accounts receivable. 

(xiv) Inventories. 

(xv) Trade working capital. 

(xvi) Return on equity. 

(xvii) Return on assets. 

(xviii) Return on invested capital. 

(xix) Return on sales. 

(xx) Non-catastrophic claims incurred. 

(xxi) Reinsurance costs. 

(xxii) Gross premiums earned. 

(xxiii) Economic value added, or other measure of profitability that considers the cost of capital employed. 

(xxiv) Free cash flow. 

(xxv) Net cash provided by operating activities. 

(xxvi) Net increase (decrease) in cash and cash equivalents. 

(xxvii) Customer satisfaction. 

(xxviii) Market share. 

(xxix) Quality. 
 The Performance
Goals described in items (v) through (xxix) may be measured (A) for the Company on a consolidated basis, (B) for any one or more Affiliates or divisions of the Company and/or (C) for any other business unit or units of the
Company or an Affiliate as defined by the Administrator at the time of selection. 

  
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 In addition, the Administrator may designate other categories, including categories involving individual
performance and subjective targets, not listed above (A) with respect to Awards that are not intended to qualify as performance-based compensation within the meaning of Code Section 162(m) or (B) to the extent that the application of
such categories results in a reduction of the maximum amount otherwise payable under the Award. 
 Where applicable, the Performance Goals may be expressed,
without limitation, in terms of attaining a specified level of the particular criterion or the attainment of an increase or decrease (expressed as absolute numbers, averages and/or percentages) in the particular criterion or achievement in relation
to a peer group or other index. The Performance Goals may include a threshold level of performance below which no payment will be made (or no vesting will occur), levels of performance at which specified payments will be paid (or specified vesting
will occur), and a maximum level of performance above which no additional payment will be made (or at which full vesting will occur). 

(cc) “Performance Shares” means the right to receive Shares (including Restricted Stock) to the extent Performance Goals are
achieved. 
 (dd) “Performance Unit” means the right to receive a payment valued in relation to a unit that has a designated
dollar value or the value of which is equal to the Fair Market Value of one or more Shares, to the extent Performance Goals are achieved. 

(ee) “Person” has the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d)
thereof. 
 (ff) “Plan” means this Heritage Insurance Holdings, Inc. Omnibus Incentive Plan, as may be amended from time to time.

 (gg) “Restriction Period” means the length of time established relative to an Award during which the Participant cannot sell,
assign, transfer, pledge or otherwise encumber the Stock or Stock Units subject to such Award and at the end of which the Participant obtains an unrestricted right to such Stock or Stock Units. 

(hh) “Restricted Stock” means a Share that is subject to a risk of forfeiture or a Restriction Period, or both a risk of forfeiture
and a Restriction Period. 
 (ii) “Restricted Stock Unit” means the right to receive a payment equal to the Fair Market Value of
one Share that is subject to a risk of forfeiture or restrictions on transfer, or both a risk of forfeiture and restrictions on transfer. 

(jj) “Retirement” means, except as otherwise determined by the Administrator and set forth in an Award agreement, termination of
employment from the Company and its Affiliates (for other than Cause) on a date the Participant is then eligible to receive immediate early or normal retirement benefits under the provisions of any of the Company’s or its Affiliate’s
retirement plans, or if the Participant is not covered under any such plan, on or after attainment 

  
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of age fifty-five (55) and completion of ten (10) years of continuous service with the Company and its Affiliates or on or after attainment of age sixty-five (65) and completion of
five (5) years of continuous service with the Company and its Affiliates. 
 (kk) “Rule 16b-3” means Rule 16b-3 promulgated
by the Commission under the Exchange Act, or any successor rule or regulation thereto. 
 (ll) “Section 16 Participants”
means Participants who are subject to the provisions of Section 16 of the Exchange Act. 
 (mm) “Share” means a share of
Stock. 
 (nn) “Stock” means the Common Stock of the Company, par value of $0.0001 per share. 

(oo) “Stock Appreciation Right” or “SAR” means the right to receive a payment equal to the appreciation of the Fair Market
Value of a Share during a specified period of time. 
 (pp) “Stock Unit” means a right to receive a payment equal to the Fair
Market Value of one Share. 
 (qq) “Subsidiary” means any corporation, limited liability company or other limited liability entity
in an unbroken chain of entities beginning with the Company if each of the entities (other than the last entity in the chain) owns the stock or equity interest possessing more than fifty percent (50%) of the total combined voting power of all
classes of stock or other equity interests in one of the other entities in the chain. 
 3. Administration. 

(a) Administration. The Administrator shall administer this Plan. In addition to the authority specifically granted to the
Administrator in this Plan, the Administrator has full discretionary authority to administer this Plan and all Awards, including but not limited to the authority to: (i) interpret the provisions of this Plan and any Award agreement;
(ii) prescribe, amend and rescind rules and regulations relating to this Plan; (iii) correct any defect, supply any omission, or reconcile any inconsistency in this Plan, any Award or agreement covering an Award in the manner and to the
extent it deems desirable to carry this Plan or such Award into effect; and (iv) make all other determinations necessary or advisable for the administration of this Plan. All Administrator determinations shall be made in the sole discretion of
the Administrator and are final and binding on all interested parties. 
 Notwithstanding the above statement or any other provision of the
Plan, the Committee shall have no discretion to increase the amount, once established, of compensation payable under an Award that is intended to be performance-based compensation under Code Section 162(m), although the Committee may decrease
the amount of compensation a Participant may earn under such an Award. 
 (b) Delegation to Other Committees or Officers. To the
extent applicable law permits, the Board may delegate to another committee of the Board or to one or more officers of 

  
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the Company, or the Committee may delegate to one or more officers of the Company, any or all of their respective authority and responsibility as an Administrator of the Plan; provided that no
such delegation is permitted with respect to Stock-based Awards made to Section 16 Participants or Awards made to Participants subject to Code Section 162(m) at the time any such delegated authority or responsibility is exercised unless
the delegation is to another committee of the Board consisting entirely of directors who are “non-employee directors” within the meaning of Rule 16b-3 and “outside directors” within the meaning of Code Section 162(m)(4)(C).
If the Board or the Committee has made such a delegation, then all references to the Administrator in this Plan include such other committee or one or more officers to the extent of such delegation. 

(c) Indemnification. The Company will indemnify and hold harmless each member of the Board and the Committee, and each officer or
member of any other committee to whom a delegation under Section 3(b) has been made, as to any acts or omissions with respect to this Plan or any Award to the maximum extent that the law and the Company’s certificate of incorporation
and by-laws permit. 
 4. Eligibility. The Administrator (to the extent of its authority) may designate any of the following as a
Participant from time to time: any officer or other employee of the Company or its Affiliates, any individual that the Company or an Affiliate has engaged to become an officer or employee, any consultant or independent contractor engaged by the
Company or an Affiliate to provide services, or any Non-Employee Director. The Administrator’s designation of a Participant in any year will not require the Administrator to designate such person to receive an Award in any other year. No
individual shall have any right to be granted an Award, even if an Award was granted to such individual at any prior time, or if a similarly-situated individual is or was granted an Award under similar circumstances. 

5. Types of Awards. Subject to the terms of this Plan, the Administrator may grant any type of Award to any Participant it selects, but
only employees of the Company or a Subsidiary may receive grants of Incentive Stock Options. Awards may be granted alone or in addition to, in tandem with, or (subject to the prohibition on repricing set forth in Section 16(e)) in substitution
for any other Award (or any other award granted under another plan of the Company or any Affiliate). 
 6. Shares Reserved under this
Plan. 
 (a) Plan Reserve. Subject to adjustment as provided in Section 18, a number of Shares equal to ten percent
(10%) of all issued and outstanding Shares as of the Effective Date (on a fully-diluted basis, giving effect to the conversion of all warrants and other instruments convertible into Shares outstanding as of such date (whether or not then
convertible or exercisable)) is reserved for issuance under this Plan. The Shares reserved for issuance may be either authorized and unissued Shares or Shares reacquired at any time and now or hereafter held as treasury stock. For purposes of
determining the aggregate number of Shares reserved for issuance under this Plan, any fractional Share shall be rounded to the next highest full Share. 

(b) Incentive Stock Option Award Limits. Subject to adjustment as provided in Section 18, the Company may issue an aggregate of a
number of Shares equal to five percent (5%) of all issued and outstanding Shares as of the Effective Date (on a fully-diluted basis) upon the exercise of Incentive Stock Options. 

  
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 (c) Replenishment of Shares Under this Plan. If (i) an Award lapses, expires,
terminates or is cancelled without the issuance of Shares under the Award (whether due currently or on a deferred basis), (ii) it is determined during or at the conclusion of the term of an Award that all or some portion of the Shares with
respect to which the Award was granted will not be issuable on the basis that the conditions for such issuance will not be satisfied, (iii) Shares are forfeited under an Award or (iv) Shares are issued under any Award and the Company
subsequently reacquires them pursuant to rights reserved upon the issuance of the Shares, then such Shares shall be recredited to the Plan’s reserve (in the same number as they depleted the reserve) and may again be used for new Awards under
this Plan, but Shares recredited to the Plan’s reserve pursuant to clause (iv) may not be issued pursuant to Incentive Stock Options. Notwithstanding the foregoing, in no event shall the following Shares be recredited to the Plan’s
reserve: Shares tendered in payment of the exercise price of an Option; Shares withheld to satisfy federal, state or local tax withholding obligations; and Shares purchased by the Company using proceeds from Option exercises. 

(d) Participant Limitations. To the extent the Company is subject to Code Section 162(m) and subject to adjustment as provided in
Section 18, no Participant may be granted Awards that could result in such Participant: 
 (i) receiving Options for,
and/or Stock Appreciation Rights with respect to, more than a number of Shares equal to two percent (2%) of all issued and outstanding Shares as of the Effective Date (on a fully-diluted basis) during any fiscal year of the Company; 

(ii) receiving Awards of Restricted Stock (including any dividends paid thereon) and/or Restricted Stock Units (including any
associated Dividend Equivalent Units) and/or Deferred Stock Rights (including any associated Dividend Equivalent Units) relating to more than a number of Shares equal to two percent (2%) of all issued and outstanding Shares as of the
Effective Date (on a fully-diluted basis) during any fiscal year of the Company; 
 (iii) receiving Awards of Performance
Shares, and/or Awards of Performance Units the value of which is based on the Fair Market Value of Shares, for more than a number of Shares equal to two percent (2%) of all issued and outstanding Shares as of the Effective Date (on a
fully-diluted basis) during any fiscal year of the Company; 
 (iv) receiving Awards of Performance Units the value of which
is not based on the Fair Market Value of Shares that would pay more than $5,000,000.00 during any fiscal year of the Company; 

(v) receiving other Stock-based Awards pursuant to Section 11 relating to more than a number of Shares equal to two
percent (2%) of all issued and outstanding Shares as of the Effective Date (on a fully-diluted basis) during any fiscal year of the Company; 

  
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 (vi) receiving an Annual Incentive Award in any fiscal year of the Company that
would pay more than $5,000,000.00; or 
 (vii) receiving a Long-Term Incentive Award in any fiscal year of the Company that
would pay more than $5,000,000.00. 
 In all cases, to the extent the Company is subject to Code Section 162(m), determinations under this
Section 6(e) should be made in a manner that is consistent with the exemption for performance-based compensation that Code Section 162(m) provides. 

7. Options. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of each Option, including but
not limited to: 
 (a) Whether the Option is an Incentive Stock Option or a “nonqualified stock option” which does not meet the
requirements of Code Section 422; 
 (b) The number of Shares subject to the Option; 

(c) The date of grant, which may not be prior to the date of the Administrator’s approval of the grant; 

(d) The exercise price, which may not be less than the Fair Market Value of the Shares subject to the Option as determined on the date of
grant; provided that an Incentive Stock Option granted to a 10% Shareholder must have an exercise price at least equal to 110% of the Fair Market Value of the Shares subject to the Option as determined on the date of grant; 

(e) The terms and conditions of exercise, including the manner and form of payment of the exercise price; provided that if the aggregate Fair
Market Value of the Shares subject to all ISOs granted to a Participant (as determined on the date of grant of each such Option) that become exercisable during a calendar year exceed $100,000, then such ISOs shall be treated as nonqualified stock
options to the extent such $100,000 limitation is exceeded; and 
 (f) The term; provided that each Option must terminate no later than ten
(10) years after the date of grant and each Incentive Stock Option granted to a 10% Shareholder must terminate no later than five (5) years after the date of grant. 

In all other respects, the terms of any Incentive Stock Option should comply with the provisions of Code Section 422 except to the extent
the Administrator determines otherwise. If an Option that is intended to be an Incentive Stock Option fails to meet the requirements thereof, the Option shall automatically be treated as a nonqualified stock option to the extent of such failure.

 8. Stock Appreciation Rights. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of each
SAR, including but not limited to: 
 (a) Whether the SAR is granted independently of an Option or relates to an Option; 

(b) The number of Shares to which the SAR relates; 

  
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 (c) The date of grant, which may not be prior to the date of the Administrator’s approval of
the grant; 
 (d) The grant price, provided that the grant price shall not be less than the Fair Market Value of the Shares subject to the
SAR as determined on the date of grant; 
 (e) The terms and conditions of exercise or maturity; 

(f) The term, provided that each SAR must terminate no later than ten (10) years after the date of grant; and 

(g) Whether the SAR will be settled in cash, Shares or a combination thereof. 

If an SAR is granted in relation to an Option, then, unless otherwise determined by the Administrator, the SAR shall be exercisable or shall
mature at the same time or times, on the same conditions and to the extent and in the proportion, that the related Option is exercisable and may be exercised or mature for all or part of the Shares subject to the related Option. Upon exercise of any
number of SARs, the number of Shares subject to the related Option shall be reduced accordingly and such Option may not be exercised with respect to that number of Shares. The exercise of any number of Options that relate to an SAR shall likewise
result in an equivalent reduction in the number of Shares covered by the related SAR. 
 9. Performance and Stock Awards. Subject to
the terms of this Plan, the Administrator will determine all terms and conditions of each award of Restricted Stock, Restricted Stock Units, Deferred Stock Rights, Performance Shares or Performance Units, including but not limited to: 

(a) The number of Shares and/or units to which such Award relates; 

(b) Whether, as a condition for the Participant to realize all or a portion of the benefit provided under the Award, one or more Performance
Goals must be achieved during such period as the Administrator specifies; 
 (c) The Restriction Period with respect to Restricted Stock or
Restricted Stock Units and the period of deferral for Deferred Stock Rights; 
 (d) The performance period for Performance Awards; 

(e) With respect to Performance Units, whether to measure the value of each unit in relation to a designated dollar value or the Fair Market
Value of one or more Shares; and 
 (f) With respect to Restricted Stock Units and Performance Units, whether to settle such Awards in cash,
in Shares, or a combination thereof. 
 Unless the Administrator shall otherwise provide, during the time Restricted Stock is subject to the
Restriction Period, (1) Participants holding Shares of Restricted Stock may exercise full voting rights with respect to those Shares, and (2) the Participant shall have the right to receive any dividends paid with respect to such Shares,
provided that such any dividends or 

  
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other distributions paid or delivered with respect to such Shares of Restricted Stock shall be subject to the same conditions and restrictions applicable to such Shares and shall not be paid
currently but shall be accrued and paid within thirty (30) days of such time as all applicable restrictions lapse and the Restriction Period expires. 

Except as otherwise provided in the Plan, at such time as all restrictions applicable to an Award of Restricted Stock, Deferred Stock Rights
or Restricted Stock Units are met and the Restriction Period expires, ownership of the Stock subject to such restrictions shall be transferred to the Participant free of all restrictions except those that may be imposed by applicable law; provided
that if Restricted Stock Units are paid in cash, then the payment shall be made to the Participant after all applicable restrictions lapse and the Restriction Period expires. 

10. Annual Incentive Awards. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of an Annual
Incentive Award, including but not limited to the Performance Goals, performance period, the potential amount payable, and the timing of payment, subject to the following: (a) the Administrator must require that payment of all or any portion of
the amount subject to the Annual Incentive Award is contingent on the achievement of one or more Performance Goals during the period the Administrator specifies, although the Administrator may specify that all or a portion of the Performance Goals
subject to an Award are deemed achieved upon a Participant’s death, Disability or (for Awards not intended to qualify as performance-based compensation within the meaning of Code Section 162(m)) Retirement, or such other circumstances as
the Administrator may specify; and (b) the performance period must relate to a period of one fiscal year of the Company except that, if the Award is made in the year this Plan becomes effective, at the time of commencement of employment with
the Company or on the occasion of a promotion, then the Award may relate to a period shorter than one fiscal year. 
 11. Long-Term
Incentive Awards. Subject to the terms of this Plan, the Administrator will determine all terms and conditions of a Long-Term Incentive Award, including but not limited to the Performance Goals, performance period, the potential amount payable,
and the timing of payment, subject to the following: (a) the Administrator must require that payment of all or any portion of the amount subject to the Long-Term Incentive Award is contingent on the achievement of one or more Performance Goals
during the period the Administrator specifies, although the Administrator may specify that all or a portion of the Performance Goals subject to an Award are deemed achieved upon a Participant’s death, Disability or (for Awards not intended to
qualify as performance-based compensation within the meaning of Code Section 162(m)) Retirement, or such other circumstances as the Administrator may specify; and (b) the performance period must relate to a period of more than one fiscal
year of the Company. 
 12. Dividend Equivalent Units. Subject to the terms of this Plan, the Administrator will determine all terms
and conditions of each award of Dividend Equivalent Units, including but not limited to whether: (a) such Award will be granted in tandem with another Award; (b) payment of the Award be made currently or credited to an account for the
Participant that provides for the deferral of such amounts until a stated time; and (c) the Award will be settled in cash or Shares. 

  
 13 

 13. Other Stock-Based Awards. Subject to the terms of this Plan, the Administrator may
grant to Participants other types of Awards, which shall be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, Shares, either alone or in addition to or in conjunction with other Awards, and payable in
Stock or cash. Without limitation, such Award may include the issuance of unrestricted Shares (which may be awarded as payment of director fees, in lieu of cash compensation to which a Participant is otherwise entitled, in exchange for cancellation
of a compensation right, as a bonus, upon the attainment of Performance Goals or otherwise) or rights to acquire Stock from the Company. The Administrator shall determine all terms and conditions of the Award, including but not limited to, the time
or times at which such Awards shall be made, and the number of Shares to be granted pursuant to such Awards or to which such Award shall relate; provided that any Award that provides for purchase rights shall be priced at 100% of Fair Market Value
on the date of grant of the Award; and provided further that the date of grant cannot be prior to the date the Administrator takes action to approve the Award. 

14. Effect of Termination on Awards. If the Participant has in effect an employment, retention, change of control, severance or similar
agreement with the Company or any Affiliate that discusses the effect of the Participant’s termination of employment or service on the Participant’s Awards, then such agreement shall control. In any other case, except as otherwise provided
by the Administrator in an Award agreement or as determined by the Administrator prior to or at the time of termination of a Participant’s employment or service, the following provisions shall apply upon a Participant’s termination of
employment or service with the Company and its Affiliates. 
 (a) Termination of Employment or Service. If a Participant’s
service with the Company and its Affiliates as an employee or Director ends for any reason other than (i) a termination for Cause or Inimical Conduct, (ii) Retirement, (iii) death or (iv) Disability, then: 

(i) Any outstanding unvested Options or SARs shall be forfeited immediately upon such termination, and any outstanding vested
Options or SARs shall be exercisable until the earlier of thirty (30) days following the Participant’s termination date and the expiration date of the Option or SAR under the terms of the applicable Award agreement. 

(ii) All other Awards made to the Participant, to the extent not then fully earned or vested, shall terminate on the
Participant’s last day of employment or service without payment therefor. 
 (b) Retirement of Employees. Upon Retirement of a
Participant who is an employee: 
 (i) Any outstanding unvested Options or SARs shall be forfeited immediately upon
Retirement, and any vested Options or SARs held by the Participant shall be exercisable to the extent they would have been exercisable as of the date of Retirement, and may be exercised until the earlier of the first anniversary of the date of
Retirement or the last day of the term of the Option or SAR. 
 (ii) All outstanding Restricted Stock Units and Deferred
Stock Rights (that are not Performance Awards) that are subject to a Restriction Period on the Participant’s Retirement date shall automatically terminate and be forfeited as of the date of the Retirement. 

  
 14 

 (iii) All Performance Awards outstanding on the Participant’s Retirement
date shall be paid in either unrestricted Shares or cash, as the case may be, following the end of the performance period and based on actual achievement, if any, of the Performance Goals established for such Awards, as if the Participant had not
retired. 
 (iv) Any Incentive Awards held by the Participant shall be cancelled in exchange for a payment following the end
of the performance period based on actual achievement, if any, of the Performance Goals established for such Award, but prorated based on the portion of the performance period that the Participant has completed at the time of Retirement. 

(c) Death of Participant. If a Participant dies during employment with the Company and its Affiliates or while a Director: 

(i) Any outstanding unvested Options or SARs shall be forfeited immediately upon such termination, and any outstanding vested
Options or SARs shall be exercisable immediately to the extent they would have been exercisable on the date of the Participant’s death, and may be exercised until the earlier of the first anniversary of the date of the Participant’s
death or the last day of the term of the Award. 
 (ii) Any outstanding Awards of Restricted Stock, Restricted Units and
Deferred Stock Rights (that are not Performance Awards) that are subject to a Restriction Period as of the date of the Participant’s death shall automatically terminate and be forfeited as of the date of death. 

(iii) All Performance Awards outstanding on the date of the Participant’s death shall be paid in either unrestricted
shares of Stock or cash, as the case may be, following the end of the performance period and based on actual achievement, if any, of the Performance Goals established for such Awards, as if the Participant had not died, but prorated based on the
portion of the performance period that the Participant has completed at the time of death. 
 (iv) Any Incentive Awards held
by the Participant shall be cancelled in exchange for a payment following the end of the performance period based on actual achievement, if any, of the Performance Goals established for such Award, but prorated based on the portion of the
performance period that the Participant has completed at the time of death. 
 (d) Disability of Participant. If a Participant’s
employment with the Company and its Affiliates or service as a Director terminates due to a Disability, then: 
 (i) Any
outstanding unvested Options or SARs shall be forfeited immediately upon such termination, and any outstanding vested Options or SARs shall be exercisable immediately to the extent they would have been exercisable on the date of termination, and may
be exercised until the earlier of the first anniversary of the date of termination or the last day of the term of the Option or SAR. 

  
 15 

 (ii) Any outstanding Awards of Restricted Stock, Restricted Units and Deferred
Stock Rights (that are not Performance Awards) that are subject to a Restriction Period as of the Participant’s date of termination shall automatically terminate and be forfeited as of the date of such termination. 

(iii) All Performance Awards outstanding on the date of such termination shall be paid in either unrestricted shares of Stock
or cash, as the case may be, based on actual achievement, if any, of the Performance Goals established for such Award as of the date of such termination, but prorated based on the portion of the performance period that the Participant has completed
at the time of termination. 
 (iv) Any Incentive Awards held by the Participant shall be cancelled in exchange for a payment
following the end of the performance period based on actual achievement, if any, of the Performance Goals established for such Award, but prorated based on the portion of the performance period that the Participant has completed at the time of
termination. 
 (e) Termination for Cause or Inimical Conduct. Unless otherwise provided by the Administrator, notwithstanding any
provisions of this Plan or an Award agreement to the contrary, a Participant’s Award shall be immediately cancelled and forfeited, regardless of vesting, and any pending exercises shall be cancelled, on the date that: (i) the Company or an
Affiliate terminates the Participant’s employment or service for Cause, (ii) the Administrator determines that the Participant’s employment or service could have been terminated for Cause if the Company or Affiliate had all relevant
facts in its possession as of the date of the Participant’s termination, or (iii) the Administrator determines the Participant has engaged in Inimical Conduct. The Administrator may suspend all exercises or delivery of cash or Shares
(without liability for interest thereon) pending its determination of whether the Participant has been or should have been terminated for Cause or has engaged in Inimical Conduct. 

(f) Other Stock-Based Awards. The Committee shall have the discretion to determine, at the time an Award is made, the effect of the
Participant’s termination of employment or service with the Company and its Affiliates on other Stock-based Awards. 
 (g) No Effect
on Deferred Compensation Elections. Notwithstanding the foregoing, none of the foregoing provisions of this Section 14 shall override the terms of, or any Participant elections under, any deferred compensation arrangements that relate to
the deferral or distribution of Awards or other amounts that are subject to Code Section 409A. 
 15. Transferability.

 (a) Restrictions on Transfer. No Award (other than unrestricted Shares), and no right under any such Award, shall be
assignable, alienable, saleable, or transferable by a Participant otherwise than by will or by the laws of descent and distribution, unless and to the extent the Administrator allows a Participant to: (i) designate in writing a beneficiary to
exercise the Award after the Participant’s death; or (ii) transfer an Award. 

  
 16 

 (b) Restrictions on Exercisability. Each Award, and each right under any Award, shall be
exercisable during the lifetime of the Participant only by such individual or, if permissible under applicable law, by such individual’s guardian or legal representative. 

16. Termination and Amendment of Plan; Amendment, Modification or Cancellation of Awards. 

(a) Term of Plan. Unless the Board or Committee earlier terminates this Plan pursuant to Section 16(b), this Plan will terminate
on the date all Shares reserved for issuance have been issued. If the term of this Plan extends beyond ten (10) years from the Effective Date, no Incentive Stock Options may be granted after such time unless the shareholders of the Company have
approved an extension of this Plan for such purpose. 
 (b) Termination and Amendment. The Board or the Committee may amend, alter,
suspend, discontinue or terminate this Plan at any time, subject to the following limitations: 
 (i) the Board must approve
any amendment of this Plan to the extent the Company determines such approval is required by: (A) prior action of the Board, (B) applicable corporate law, or (C) any other applicable law; 

(ii) shareholders must approve any amendment of this Plan to the extent the Company determines such approval is required by:
(A) Section 16 of the Exchange Act, (B) the Code, (C) the listing requirements of any principal securities exchange or market on which the Shares are then traded, or (D) any other applicable law; and 

(iii) shareholders must approve any of the following Plan amendments: (A) an amendment to increase any number of Shares
specified in Section 6(a) or 6(b) or the limits set forth in Section 6(e) (except as permitted by Section 18), (B) an amendment to expand the group of individuals that may become Participants, or (C) an amendment that would
diminish the protections afforded by Section 16(e). 
 (c) Amendment, Modification, Cancellation and Disgorgement of Awards. 

(i) Subject to the requirements of the Plan, including the limitations of Section 16(e), the Administrator may modify,
amend or cancel any Award or waive any restrictions or conditions applicable to any Award or the exercise of the Award, provided that any modification or amendment that materially diminishes the rights of the Participant, or the cancellation of the
Award, shall be effective only if agreed to by the Participant or any other person(s) as may then have an interest in the Award, but the Administrator need not obtain Participant (or other interested party) consent for the modification, amendment or
cancellation of an Award pursuant to the provisions of subsection (ii) or Section 18 or as follows: (A) to the extent the Administrator deems such action necessary to comply with any applicable law or the listing requirements of any
principal securities exchange or market on which the Shares are then traded; (B) to the extent the Administrator deems necessary to preserve favorable accounting or tax treatment of any Award for the Company; or (C) to the extent the
Administrator determines that such action does not materially and adversely affect the value of an Award or that such action is in the best interest of the affected Participant or any other 

  
 17 

 
person(s) as may then have an interest in the Award. Notwithstanding the foregoing, unless determined otherwise by the Administrator, any such amendment shall be made in a manner that will enable
an Award intended to be exempt from Code Section 409A to continue to be so exempt, or to enable an Award intended to comply with Code Section 409A to continue to so comply. 

(ii) Notwithstanding anything to the contrary in an Award agreement, the Administrator shall have full power and authority to
terminate or cause the Participant to forfeit an Award, and require the Participant to disgorge to the Company any gains attributable to the Award, if the Participant engages in any action that constitutes a breach of any nonsolicitation, noncompete
or confidentiality covenant under the Participant’s employment agreement or other written agreement with the Company; or, after the Participant is no longer employed by the Company or any Affiliate: 

(A) soliciting, with respect to any of the services or products that the Company or any Affiliate then provides to customers,
any person or entity whom the Participant knows to be a customer of the Company or any Affiliate, or whose business the Participant solicited on behalf of the Company or any Affiliate while employed by it, 

(B) soliciting or hiring any person who is then an employee of the Company or an Affiliate, or 

(C) taking any action that, in the judgment of the Administrator, is not in the best interests of the Company or an Affiliate.

 (iii) Any Awards granted pursuant to this Plan, and any Stock issued or cash paid pursuant to an Award, shall be subject
to (A) any recoupment, clawback, equity holding, stock ownership or similar policies adopted by the Company from time to time and (B) any recoupment, clawback, equity holding, stock ownership or similar requirements made applicable by law,
regulation or listing standards to the Company from time to time. 
 (iv) Unless the Award agreement specifies otherwise, the
Administrator may cancel any Award at any time if the Participant is not in compliance with all applicable provisions of the Award agreement and the Plan. 

(d) Survival of Authority and Awards. Notwithstanding the foregoing, the authority of the Board and the Administrator under this
Section 16 and to otherwise administer the Plan will extend beyond the date of this Plan’s termination. In addition, termination of this Plan will not affect the rights of Participants with respect to Awards previously granted to them, and
all unexpired Awards will continue in force and effect after termination of this Plan except as they may lapse or be terminated by their own terms and conditions. 

(e) Repricing and Backdating Prohibited. Notwithstanding anything in this Plan to the contrary, and except for the adjustments provided
in Section 18, neither the Administrator nor any other person may (i) amend the terms of outstanding Options or SARs to reduce the exercise price of such outstanding Options or SARs; (ii) cancel outstanding Options or SARs in exchange
for Options or SARs with an exercise price that is less than the exercise price of the 

  
 18 

 
original Options or SARs; or (iii) cancel outstanding Options or SARs with an exercise price above the current Share price in exchange for cash or other securities. In addition, the
Administrator may not make a grant of an Option or SAR with a grant date that is effective prior to the date the Administrator takes action to approve such Award. 

(f) Foreign Participation. To assure the viability of Awards granted to Participants employed or residing in foreign countries, the
Administrator may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy or custom. Moreover, the Administrator may approve such supplements to, or amendments, restatements or
alternative versions of, this Plan as it determines is necessary or appropriate for such purposes. Any such amendment, restatement or alternative versions that the Administrator approves for purposes of using this Plan in a foreign country will not
affect the terms of this Plan for any other country. All such supplements, amendments, restatements or alternative versions must comply with the provisions of Section 16(b). 

In addition, if an Award is held by a Participant who is employed or residing in a foreign country and the amount payable or Shares issuable under such Award
would be taxable to the Participant under Code Section 457A in the year such Award is no longer subject to a substantial risk of forfeiture, then the amount payable or Shares issuable under such Award shall be paid or issued to the Participant
as soon as practicable after such substantial risk of forfeiture lapses (or, for Awards that are not considered nonqualified deferred compensation subject to Code Section 409A, no later than the end of the short-term deferral period permitted
by Code Section 457A) notwithstanding anything in this Plan or the Award agreement to contrary. 
 (g) Code Section 409A.
The provisions of Code Section 409A are incorporated herein by reference to the extent necessary for any Award that is subject to Code Section 409A to comply therewith. 

17. Taxes. 

(a) Withholding. In the event the Company or an Affiliate of the Company is required to withhold any Federal, state or local taxes or
other amounts in respect of any income recognized by a Participant as a result of the grant, vesting, payment or settlement of an Award or disposition of any Shares acquired under an Award, the Company may deduct (or require an Affiliate to deduct)
from wages or other payments of any kind otherwise due the Participant cash, or with the consent of the Committee, Shares otherwise deliverable or vesting under an Award, to satisfy such tax obligations. Alternatively, the Company may require such
Participant to pay to the Company, in cash, promptly on demand, or make other arrangements satisfactory to the Company regarding the payment to the Company of the aggregate amount of any such taxes and other amounts. If Shares are deliverable upon
exercise or payment of an Award, the Committee may permit a Participant to satisfy all or a portion of the Federal, state and local withholding tax obligations arising in connection with such Award by electing to (a) have the Company withhold
Shares otherwise issuable under the Award, (b) tender back Shares received in connection with such Award or (c) deliver other previously owned Shares; provided that the amount to be withheld may not exceed the total minimum federal, state
and local tax withholding obligations associated with the transaction to the extent needed for the Company to avoid an accounting charge. If an election is provided, the election must be made on or before the date as

  
 19 

 
of which the amount of tax to be withheld is determined and otherwise as the Committee requires. In any case, the Company may defer making payment or delivery under any Award if any such tax may
be pending unless and until the Participant has fulfilled all obligations with respect to such tax in a manner which is satisfactory to the Company, as determined in the Company’s sole discretion. 

(b) No Guarantee of Tax Treatment. Notwithstanding any provisions of the Plan, the Company does not guarantee to any Participant or any
other Person with an interest in an Award that (i) any Award intended to be exempt from Code Section 409A shall be so exempt, (ii) any Award intended to comply with Code Section 409A or Code Section 422 shall so comply,
(iii) any Award shall otherwise receive a specific tax treatment under any other applicable tax law, nor in any such case will the Company or any Affiliate indemnify, defend or hold harmless any individual with respect to the tax consequences
of any Award. 
 (c) Participant Responsibilities. If a Participant shall dispose of Stock acquired through exercise of an ISO within
either (i) two (2) years after the date the Option is granted or (ii) one (1) year after the date the Option is exercised (i.e., in a disqualifying disposition), such Participant shall notify the Company within seven
(7) days of the date of such disqualifying disposition. In addition, if a Participant elects, under Code Section 83, to be taxed at the time an Award of Restricted Stock (or other property subject to such Code section) is made, rather than
at the time the Award vests, such Participant shall notify the Company within seven (7) days of the date the Participant makes such an election. 

18. Adjustment Provisions; Change of Control. 

(a) Adjustment of Shares. If: (i) the Company shall at any time be involved in a merger or other transaction in which the Shares
are changed or exchanged; (ii) the Company shall subdivide or combine the Shares or the Company shall declare a dividend payable in Shares, other securities or other property; (iii) the Company shall effect a cash dividend the amount of
which, on a per Share basis, exceeds ten percent (10%) of the Fair Market Value of a Share at the time the dividend is declared, or the Company shall effect any other dividend or other distribution on the Shares in the form of cash, or a
repurchase of Shares, that the Board determines by resolution is special or extraordinary in nature or that is in connection with a transaction that the Company characterizes publicly as a recapitalization or reorganization involving the Shares; or
(iv) any other event shall occur, which, in the case of this clause (iv), in the judgment of the Board or Committee necessitates an adjustment to prevent dilution or enlargement of the benefits or potential benefits intended to be made
available under this Plan, then the Administrator shall, in such manner as it may deem equitable to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan, adjust as applicable:
(A) the number and type of Shares subject to this Plan (including the number and type of Shares described in Section 6) and which may after the event be made the subject of Awards; (B) the number and type of Shares subject to
outstanding Awards; (C) the grant, purchase, or exercise price with respect to any Award; and (D) to the extent such discretion does not cause an Award that is intended to qualify as performance-based compensation under Code
Section 162(m) to lose its status as such, the Performance Goals of an Award. In any such case, the Administrator may also (or in lieu of the foregoing) make provision for a cash payment to the holder of an outstanding Award in exchange for the
cancellation of all 

  
 20 

 
or a portion of the Award (without the consent of the holder of an Award) in an amount determined by the Administrator effective at such time as the Administrator specifies (which may be the time
such transaction or event is effective). However, in each case, with respect to Awards of Incentive Stock Options, no such adjustment may be authorized to the extent that such authority would cause this Plan to violate Code Section 422(b).
Further, the number of Shares subject to any Award payable or denominated in Shares must always be a whole number. In any event, previously granted Options or SARs are subject only to such adjustments as are necessary to maintain the relative
proportionate interest the Options and SARs represented immediately prior to any such event and to preserve, without exceeding, the value of such Options or SARs. 

Without limitation, in the event of any reorganization, merger, consolidation, combination or other similar corporate transaction or event,
whether or not constituting a Change of Control (other than any such transaction in which the Company is the continuing corporation and in which the outstanding Stock is not being converted into or exchanged for different securities, cash or other
property, or any combination thereof), the Administrator may substitute, on an equitable basis as the Administrator determines, for each Share then subject to an Award and the Shares subject to this Plan (if the Plan will continue in effect), the
number and kind of shares of stock, other securities, cash or other property to which holders of Stock are or will be entitled in respect of each Share pursuant to the transaction. 

Notwithstanding the foregoing, in the case of a stock dividend (other than a stock dividend declared in lieu of an ordinary cash dividend) or
subdivision or combination of the Shares (including a reverse stock split), if no action is taken by the Administrator, adjustments contemplated by this subsection that are proportionate shall nevertheless automatically be made as of the date of
such stock dividend or subdivision or combination of the Shares. 
 (b) Issuance or Assumption. Notwithstanding any other provision
of this Plan, and without affecting the number of Shares otherwise reserved or available under this Plan, in connection with any merger, consolidation, acquisition of property or stock, or reorganization, the Administrator may authorize the issuance
or assumption of awards under this Plan upon such terms and conditions as it may deem appropriate, subject to the listing requirements of any principal securities exchange or market on which the Shares are then traded. 

(c) Change of Control. If the Participant has in effect an employment, retention, change of control, severance or similar agreement
with the Company or any Affiliate that discusses the effect of a Change of Control on the Participant’s Awards, then such agreement shall control. In all other cases, unless provided otherwise in an Award agreement or by the Administrator prior
to the date of the Change of Control, in the event of a Change of Control: 
 (i) If the purchaser, successor or surviving
corporation (or parent thereof) (the “Survivor”) so agrees, some or all outstanding Awards shall be assumed, or replaced with the same type of award with similar terms and conditions (including substantially similar economic terms), by the
Survivor in the Change of Control transaction. If applicable, each Award which is assumed by the Survivor shall be appropriately adjusted, immediately after such Change of Control, to apply to the number and class of securities which would have been
issuable to the Participant upon the consummation of such Change of Control had the Award been exercised, vested or earned immediately prior to such Change of Control, and other appropriate adjustments in the terms and conditions of the Award shall
be made. 

  
 21 

 (ii) To the extent the Survivor in the Change of Control transaction does not
agree to assume the Awards or issue replacement awards as provided in clause (i), then immediately prior to the date of the Change of Control: 

(A) Each Option or SAR that is then held by a Participant who is employed by or in the service of the Company or an Affiliate
shall become immediately and fully vested, and, unless otherwise determined by the Board or Committee, all Options and SARs shall be cancelled on the date of the Change of Control in exchange for a cash payment equal to the excess of the Change of
Control price of the Shares covered by the Option or SAR that is so cancelled over the purchase or grant price of such Shares under the Award. 

(B) Restricted Stock, Restricted Stock Units and Deferred Stock Rights (that are not Performance Awards) that are not then
vested shall become immediately and fully vested. 
 (C) All Performance Awards and Annual and Long-Term Incentive Awards
that are earned but not yet paid shall be paid upon the Change of Control, and all Performance Awards and Annual and Long-Term Incentive Awards for which the performance period has not expired shall be cancelled in exchange for a cash payment to be
made within thirty (30) days after the Change of Control equal to the product of (1) the maximum value payable to the Participant under his Award and (2) a fraction, the numerator of which is the number of days after the first day of
the performance period on which the Change of Control occurs and the denominator of which is the number of days in the performance period. 

(D) All Dividend Equivalent Units that are not vested shall become immediately and fully vested and be paid in cash, and all
other Awards that are not vested shall vest and if an amount is payable under such vested Award, such amount shall be paid in cash based on the value of the Award. 

(iii) In the event that (1) the Survivor terminates the Participant’s employment or service without cause (as defined
in the agreement relating to the Award or, if not defined therein, as defined by the Administrator) or (2) if the Participant has in effect an employment, retention, change of control, severance or similar agreement with the Company or any
Affiliate that contemplates the termination of his or her employment or service for good reason, and the Participant terminates his or her employment or service for good reason (as defined in such agreement), in the case of either (1) or
(2) within twelve (12) months following a Change of Control, then the following provisions shall apply to any assumed Awards or replacement awards described in paragraph (i) and any Awards not cancelled in connection with the Change
of Control pursuant to paragraph (ii): 
 (A) Effective upon the date of the Participant’s termination of employment or
service, all outstanding Awards or replacement awards automatically shall become immediately and fully vested; and 

  
 22 

 (B) With respect to Options or Stock Appreciation Rights, at the election of the
Participant, such Awards or replacement awards shall be cancelled as of the date of such termination in exchange for a payment in cash and/or Shares (which may include shares or other securities of the Survivor) equal to the excess of the Fair
Market Value of the Shares on the date of such termination covered by the portion of the Option or Stock Appreciation Right that has not been exercised over the exercise or grant price of such Shares under the Award; and 

(C) With respect to Restricted Stock, Restricted Stock Units or Deferred Stock Rights, at the election of the Participant, such
Awards or replacement awards shall be cancelled as of the date of such termination in exchange for a payment in cash and/or Shares (which may include shares or other securities of the Survivor) equal to the Fair Market Value of a Share on the date
of such termination; and 
 (D) With respect to Performance Awards and Annual and Long-Term Incentive Awards that are earned
but not yet paid, such Awards or replacement awards shall be paid upon the termination of employment or service, and with respect to Performance Awards and Annual and Long-Term Incentive Awards for which the performance period has not expired, such
Awards shall be cancelled in exchange for a cash payment to be made within thirty (30) days after the date of termination equal to the product of (1) the maximum value payable to the Participant under his Award and (2) a fraction, the
numerator of which is the number of days after the first day of the performance period on which the termination occurs and the denominator of which is the number of days in the performance period; and 

(E) With respect to other Awards, such Awards or replacement awards shall be cancelled as of the date of such termination in
exchange for a payment in cash in an amount equal to the value of the Award. 
 Notwithstanding anything to the contrary in the foregoing,
if the Participant has a deferral election in effect with respect to any amount payable under this Section 18(c), such amount shall be deferred pursuant to such election and shall not be paid in a lump sum as provided herein. Notwithstanding
the foregoing, with respect to amounts payable to a Participant (or the Participant’s beneficiary or estate) who is entitled to a payment hereunder because the Participant’s employment terminated as a result of death or Disability, or
payable to a Participant who has met the requirements for Retirement (without regard to whether the Participant has terminated employment), no payment shall be made unless the Change of Control (as defined below) also constitutes a change of control
within the meaning of Code Section 409A. 
 If the value of an Award is based on the Fair Market Value of a Share, Fair Market Value
shall be deemed to mean the per share Change of Control price. The Administrator shall determine the per share Change of Control price paid or deemed paid in the Change of Control transaction. 

  
 23 

 (d) Application of Limits on Payments. Except as otherwise expressly provided in any
agreement between a Participant and the Company or an Affiliate, if the receipt of any payment by a Participant under the circumstances described above would result in the payment by the Participant of any excise tax provided for in
Section 280G and Section 4999 of the Code, then the amount of such payment shall be reduced to the extent required to prevent the imposition of such excise tax. 

19. Miscellaneous. 
 (a)
Other Terms and Conditions. The grant of any Award may also be subject to other provisions (whether or not applicable to the Award granted to any other Participant) as the Administrator determines appropriate, including, without limitation,
provisions for: 
 (i) the payment of the purchase price of Options by delivery of cash or other Shares or other securities
of the Company (including by attestation) having a then Fair Market Value equal to the purchase price of such Shares, or by delivery (including by fax) to the Company or its designated agent of an executed irrevocable option exercise form together
with irrevocable instructions to a broker-dealer to sell or margin a sufficient portion of the Shares and deliver the sale or margin loan proceeds directly to the Company to pay for the exercise price; 

(ii) one or more means to enable Participants to defer the delivery of Shares or recognition of taxable income relating to
Awards or cash payments derived from the Awards on such terms and conditions as the Administrator determines, including, by way of example, the form and manner of the deferral election, the treatment of dividends paid on the Shares during the
deferral period or a means for providing a return to a Participant on amounts deferred, and the permitted distribution dates or events (provided that no such deferral means may result in an increase in the number of Shares issuable under this Plan);

 (iii) restrictions on resale or other disposition of Shares; and 

(iv) compliance with federal or state securities laws and stock exchange requirements. 

(b) Employment and Service. The issuance of an Award shall not confer upon a Participant any right with respect to continued employment
or service with the Company or any Affiliate, or the right to continue as a Director. Unless determined otherwise by the Administrator, for purposes of the Plan and all Awards, the following rules shall apply: 

(i) a Participant who transfers employment between the Company and its Affiliates, or between Affiliates, will not be
considered to have terminated employment; 
 (ii) a Participant who ceases to be employed by the Company or an Affiliate and
immediately thereafter becomes a Non-Employee Director, a non-employee director of an Affiliate, or a consultant to the Company or any Affiliate shall not be considered to have terminated employment until such Participant’s service as a
director of, or consultant to, the Company and its Affiliates has ceased; and 
 (iii) a Participant employed by an Affiliate
will be considered to have terminated employment when such entity ceases to be an Affiliate. 

  
 24 

 Notwithstanding the foregoing, for purposes of an Award that is subject to Code
Section 409A, if a Participant’s termination of employment or service triggers the payment of compensation under such Award, then the Participant will be deemed to have terminated employment or service upon his or her “separation from
service” within the meaning of Code Section 409A. Notwithstanding any other provision in this Plan or an Award to the contrary, if any Participant is a “specified employee” within the meaning of Code Section 409A as of the
date of his or her “separation from service” within the meaning of Code Section 409A, then, to the extent required by Code Section 409A, any payment made to the Participant on account of such separation from service shall not be
made before a date that is six months after the date of the separation from service. 
 (c) No Fractional Shares. No fractional
Shares or other securities may be issued or delivered pursuant to this Plan, and the Administrator may determine whether cash, other securities or other property will be paid or transferred in lieu of any fractional Shares or other securities, or
whether such fractional Shares or other securities or any rights to fractional Shares or other securities will be canceled, terminated or otherwise eliminated. 

(d) Offset. The Company shall have the right to offset, from any amount payable or stock deliverable hereunder, any amount that the
Participant owes to the Company or any Affiliate without the consent of the Participant or any individual with a right to the Participant’s Award. 

(e) Unfunded Plan. This Plan is unfunded and does not create, and should not be construed to create, a trust or separate fund with
respect to this Plan’s benefits. This Plan does not establish any fiduciary relationship between the Company and any Participant or other person. To the extent any person holds any rights by virtue of an Award granted under this Plan, such
rights are no greater than the rights of the Company’s general unsecured creditors. Income recognized by a Participant pursuant to an Award shall not be included in the determination of benefits under any employee pension benefit plan (as such
term is defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended) or group insurance or other benefit plans applicable to the Participant which are maintained by the Company or any Affiliate, except as may be
provided under the terms of such plans or determined by resolution of the Board. 
 (f) Requirements of Law and Securities Exchange.
The granting of Awards and the issuance of Shares in connection with an Award are subject to all applicable laws, rules and regulations and to such approvals by any governmental agencies or national securities exchanges as may be required.
Notwithstanding any other provision of this Plan or any Award agreement, the Company has no liability to deliver any Shares under this Plan or make any payment unless such delivery or payment would comply with all applicable laws and the applicable
requirements of any securities exchange or similar entity, and unless and until the Participant has taken all actions required by the Company in connection therewith. The Company may impose such restrictions on any Shares issued under the Plan as
the Company determines necessary or desirable to comply with all applicable laws, rules and regulations or the requirements of any national securities exchange. 

  
 25 

 (g) Restrictive Legends; Representations. All Shares delivered (whether in certificated or
book entry form) pursuant to any Award or the exercise thereof shall bear such legends or be subject to such stop transfer orders as the Administrator may deem advisable under the Plan or under applicable laws, rules or regulations or the
requirements of any national securities exchange. The Administrator may require each Participant or other Person who acquires Shares under the Plan by means of an Award to represent to the Company in writing that such Participant or other Person is
acquiring the Shares without a view to the distribution thereof. 
 (h) Governing Law. This Plan, and all Awards hereunder, and all
determinations made and actions taken pursuant to this Plan, shall be governed by the internal laws of the State of Delaware (without reference to conflict of law principles thereof) and construed in accordance therewith, to the extent not otherwise
governed by the laws of the United States or as otherwise provided hereinafter. Any dispute or claim arising in connection with this Plan or any Award shall be resolved in the state or federal courts residing in the state of Florida, county of
Pinellas. that have jurisdiction, and all Participants agree to submit to the exclusive jurisdiction of such courts. 
 (i)
Construction. Whenever any words are used herein in the masculine, they shall be construed as though they were used in the feminine in all cases where they would so apply; and wherever any words are used in the singular or plural, they shall
be construed as though they were used in the plural or singular, as the case may be, in all cases where they would so apply. Titles of sections are for general information only, and this Plan is not to be construed with reference to such titles.

 (j) Severability. If any provision of this Plan or any Award agreement or any Award (a) is or becomes or is deemed to be
invalid, illegal or unenforceable in any jurisdiction, or as to any person or Award, or (b) would disqualify this Plan, any Award agreement or any Award under any law the Administrator deems applicable, then such provision should be construed
or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Administrator, materially altering the intent of this Plan, Award agreement or Award, then such provision should
be stricken as to such jurisdiction, person or Award, and the remainder of this Plan, such Award agreement and such Award will remain in full force and effect. 

  
 26EX-10.1

 Exhibit 10.1 

Execution Version 

$900,000,000 
 RICE
ENERGY INC. 
 6.250% SENIOR NOTES DUE 2022 

PURCHASE AGREEMENT 

April 16, 2014 
 BARCLAYS
CAPITAL INC. 
 As Representative of the several 

Initial Purchasers named in Schedule I attached hereto 

c/o Barclays Capital Inc. 
 745 Seventh Avenue 

New York, New York 10019 
 Ladies and Gentlemen: 

Rice Energy Inc., a Delaware corporation (the “Company”), proposes, upon the terms and conditions set forth in this
agreement (this “Agreement”), to issue and sell to Barclays Capital Inc. (“Barclays”) and the other several initial purchasers named in Schedule I hereto (the “Initial
Purchasers”), for whom Barclays is acting as representative (in such capacity, the “Representative”), $900,000,000 in aggregate principal amount of its 6.250% Senior Notes due 2022 (the
“Notes”). The Notes will (i) have terms and provisions that are summarized in the Pricing Disclosure Package and Offering Memorandum (as defined below), and (ii) are to be issued pursuant to an Indenture (the
“Indenture”) to be entered into among the Company, the Guarantors (as defined below) and Wells Fargo Bank, National Association, as trustee (the “Trustee”). The Company’s obligations under the
Notes, including the due and punctual payment of interest on the Notes, will be fully and unconditionally guaranteed on an unsecured basis (the “Guarantees”) by the guarantors listed in Schedule II hereto (together the
“Guarantors”). As used herein, the term “Notes” shall include the Guarantees, unless the context otherwise requires. This Agreement is to confirm the agreement concerning the purchase of the Notes from the Company
by the Initial Purchasers. 
 The Company and the Guarantors are referred to collectively herein as the “Company
Parties” and, individually, as a “Company Party.” The Company and all of its subsidiaries (including the Guarantors) are referred to collectively herein as the “Company Entities” and,
individually, as a “Company Entity.” 
 1. Purchase and Resale of the Notes. The Notes will be offered and
sold to the Initial Purchasers without registration under the Securities Act of 1933, as amended (the “Securities Act”), in reliance on an exemption pursuant to Section 4(a)(2) under the Securities Act. The Company
Parties have prepared a preliminary offering memorandum, dated April 11, 2014 (the “Preliminary Offering Memorandum”), a pricing term sheet substantially in the form attached hereto as Schedule III (the
“Pricing Term Sheet”) setting forth the terms of the Notes 

 
omitted from the Preliminary Offering Memorandum and an offering memorandum, dated April 16, 2014 (the “Offering Memorandum”), setting forth information regarding the
Company Parties, the Notes, and the Exchange Notes (as defined herein), the Guarantees and the Exchange Guarantees (as defined herein). The Preliminary Offering Memorandum, as supplemented and amended as of the Applicable Time (as defined below),
together with the Pricing Term Sheet and any of the documents listed on Schedule IV(A) hereto are collectively referred to as the “Pricing Disclosure Package”. The Company Parties hereby confirm that they have
authorized the use of the Pricing Disclosure Package and the Offering Memorandum in connection with the offering and resale of the Notes by the Initial Purchasers. “Applicable Time” means 2:40 p.m. (New York City time) on the
date of this Agreement. 
 Any reference to the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum
shall be deemed to refer to and include the Company’s most recent Annual Report on Form 10-K and all subsequent documents filed with the United States Securities and Exchange Commission (the “Commission”) pursuant to
Section 13(a), 13(c) or 15(d) of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”), on or prior to the date of the Preliminary Offering Memorandum, the Pricing Disclosure Package or the
Offering Memorandum, as the case may be. Any reference to the Preliminary Offering Memorandum, Pricing Disclosure Package or the Offering Memorandum, as the case may be, as amended or supplemented, as of any specified date, shall be deemed to
include any documents filed with the Commission pursuant to Section 13(a), 13(c) or 15(d) of the Exchange Act after the date of the Preliminary Offering Memorandum, Pricing Disclosure Package or the Offering Memorandum, as the case may be, and
prior to such specified date. All documents filed under the Exchange Act and so deemed to be included in the Preliminary Offering Memorandum, Pricing Disclosure Package or the Offering Memorandum, as the case may be, or any amendment or supplement
thereto are hereinafter called the “Exchange Act Reports”. 
 You have advised the Company that you will offer and
resell (the “Exempt Resales”) the Notes purchased by you hereunder on the terms set forth in each of the Pricing Disclosure Package and the Offering Memorandum, as amended or supplemented, solely to (i) persons whom you
reasonably believe to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act (“QIBs”), and (ii) outside the United States to certain persons who are not U.S. Persons (as defined in
Regulation S under the Securities Act (“Regulation S”)) (such persons, “Non-U.S. Persons”) in offshore transactions in reliance on Regulation S. As used herein, the terms “offshore
transaction” and “United States” have the meanings assigned to them in Regulation S. Those persons specified in clauses (i) and (ii) are referred to herein as “Eligible Purchasers”. 

Holders (including subsequent transferees) of the Notes will have the registration rights set forth in the registration rights agreement
having substantially the terms described in the Pricing Disclosure Package (the “Registration Rights Agreement”) among the Company Parties and the Initial Purchasers to be dated the Closing Date (as defined herein), for so
long as such Notes constitute “Transfer Restricted Securities” (as defined in the Registration Rights Agreement). Pursuant to the Registration Rights Agreement, the Company Parties will agree to file with the Commission under
the circumstances set forth therein, a registration statement under the Securities Act relating to the Company’s 6.250% Senior Notes due 2022 (the “Exchange Notes”) and the Guarantors’ Exchange Guarantees (the
“Exchange Guarantees”) to be offered in exchange for the Notes and the Guarantees. Such portion of the offering is referred to as the “Exchange Offer”. 

  
 2 

 2. Representations and Warranties of the Company Parties. Each of the Company Parties,
jointly and severally, represent and warrant as follows: 
 (a) Rule 144A Eligibility. When the Notes and Guarantees are issued and
delivered pursuant to this Agreement, such Notes and Guarantees will not be of the same class (within the meaning of Rule 144A under the Securities Act) as securities of the Company Parties that are listed on a national securities exchange
registered under Section 6 of the Exchange Act or that are quoted in a United States automated inter-dealer quotation system. 
 (b)
Registration Exemption. Assuming the accuracy of your representations and warranties in Section 3(b), the purchase and resale of the Notes pursuant hereto (including pursuant to the Exempt Resales) are exempt from the registration
requirements of the Securities Act. 
 (c) No General Solicitation. No form of general solicitation or general advertising within the
meaning of Regulation D under the Securities Act (including, but not limited to, advertisements, articles, notices or other communications published in any newspaper, magazine or similar medium or broadcast over television or radio, or any seminar
or meeting whose attendees have been invited by any general solicitation or general advertising) was used by the Company Parties, or any person acting on behalf of the Company Parties (other than you, as to whom the Company Parties make no
representation) in connection with the offer and sale of the Notes. 
 (d) No Directed Selling Efforts. No directed selling efforts
within the meaning of Rule 902 under the Securities Act were used by the Company Parties or any of their respective representatives (other than you, as to whom the Company Parties make no representation) with respect to Notes sold outside the United
States to Non-U.S. Persons, and the Company, any affiliate of the Company and any person acting on its or their behalf (other than you, as to whom the Company Parties make no representation) has complied with and will implement the “offering
restrictions” required by Rule 902 under the Securities Act. 
 (e) Information Requirement. Each of the Preliminary Offering
Memorandum, the Pricing Disclosure Package and the Offering Memorandum, each as of (x) its respective date (or in the case of the Pricing Disclosure Package, as of the Applicable Time) and (y) the Closing Date, contains all the information
specified in, and meeting the requirements of, Rule 144A(d)(4) under the Securities Act. 
 (f) No Integration. None of the Company
Parties or any other person acting on behalf of the Company Parties has sold or issued any securities that would be integrated with the offering of the Notes contemplated by this Agreement pursuant to the Securities Act, the rules and regulations
thereunder or the interpretations thereof by the Commission. 
 (g) No Material Misstatements or Omissions in the Offering Memorandum.
The Offering Memorandum will not, as of its date or as of the Closing Date, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements 

  
 3 

 
therein, in the light of the circumstances under which they were made, not misleading; provided that no representation or warranty is made as to information contained in or omitted from
the Offering Memorandum in reliance upon and in conformity with written information furnished to the Company through the Representative by or on behalf of any Initial Purchaser specifically for inclusion therein, which information is specified in
Section 8(e). 
 (h) No Material Misstatements or Omissions in the Pricing Disclosure Package. The Pricing Disclosure Package did
not, as of the Applicable Time, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided
that no representation or warranty is made as to information contained in or omitted from the Pricing Disclosure Package in reliance upon and in conformity with written information furnished to the Company through the Representative by or on behalf
of any Initial Purchaser specifically for inclusion therein, which information is specified in Section 8(e). 
 (i) Free Writing
Offering Document. The Company has not made any offer to sell or solicitation of an offer to buy the Notes that would constitute a “free writing prospectus” (if the offering of the Notes was made pursuant to a registered offering under
the Securities Act), as defined in Rule 433 under the Securities Act (a “Free Writing Offering Document”) without the prior consent of the Representative; any such Free Writing Offering Document the use of which has been
previously consented to by the Initial Purchasers is listed on Schedule IV. Each Free Writing Offering Document listed in Schedule IV(B) hereto, when taken together with the Pricing Disclosure Package, did not, as of the Applicable
Time, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that no representation or
warranty is made as to information contained in or omitted from such Free Writing Offering Document listed in Schedule IV(B) hereto in reliance upon and in conformity with written information furnished to the Company through the
Representative by or on behalf of any Initial Purchaser specifically for inclusion therein, which information is specified in Section 8(e). 

(j) Organization and Good Standing. Each of the Company Entities has been duly organized, is validly existing and in good standing as a
corporation, partnership or limited liability company under the laws of its jurisdiction of organization and is duly qualified to do business and in good standing as a foreign corporation or other business entity in each jurisdiction in which its
ownership or lease of property or the conduct of its businesses requires such qualification, except where the failure to be so qualified or in good standing would not, in the aggregate, reasonably be expected to (A) have a material adverse
effect on the condition (financial or otherwise), results of operations, stockholders’ equity, properties, business or prospects of the Company Entities taken as a whole or (B) materially impair the ability of the Company Parties to
perform their respective obligations under this Agreement, the Indenture, the Notes, the Guarantees or the Registration Rights Agreement (each clause (A) and (B), a “Material Adverse Effect”). Each of the Company
Entities has all power and authority necessary to own or hold its properties and to conduct the business in which it is engaged. Other than Countrywide Energy Services, LLC (as to which the Company owns a 50% limited liability company interest), the
Company does not own or control, directly or indirectly, any corporation, association or other entity other than those entities set forth on Schedule V. 

  
 4 

 (k) Capitalization. The Company has an authorized capitalization as set forth in each of
the Pricing Disclosure Package and the Offering Memorandum under the heading “Capitalization,” and all of the issued shares of capital stock of the Company have been duly authorized and validly issued and are fully paid and non-assessable,
conform to the description thereof contained in the Pricing Disclosure Package and the Offering Memorandum in all material respects and were issued in compliance with federal and state securities laws and not in violation of any preemptive right,
resale right, right of first refusal or similar right. All of the Company’s options, warrants and other rights to purchase or exchange any securities for shares of the Company’s capital stock have been duly authorized and validly issued,
conform to the description thereof contained in the Pricing Disclosure Package and the Offering Memorandum and were issued in compliance with federal and state securities laws. All of the issued shares of capital stock or other ownership interest of
each subsidiary of the Company have been duly authorized and validly issued, are fully paid and non-assessable and are owned directly or indirectly by the Company, free and clear of all liens, encumbrances, equities or claims (other than those
arising under (i) the Second Amended and Restated Credit Agreement, dated as of April 25, 2013, as amended, among Rice Drilling B LLC, as borrower, Wells Fargo Bank, N.A., as administrative agent, and the lenders and other parties thereto,
as amended by the Third Amended and Restated Credit Agreement, dated as of April 10, 2014 among the Company, as borrower, Wells Fargo Bank, N.A. as administrative agents and the lenders and other parties thereto (the “Third Amended
and Restated Credit Agreement”), and (ii) the Senior Secured Term Loan Credit Agreement, dated as of April 25, 2013, as amended, among Rice Drilling B LLC, as borrower, Barclays Bank PLC, as administrative agent and the
lenders party thereto), except for such liens, encumbrances, equities or claims as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(l) Indenture. The Company Parties have all requisite corporate, partnership or limited liability company power and authority, as
applicable, to execute, deliver and perform their respective obligations under the Indenture. The Indenture has been duly and validly authorized by the Company Parties, and upon its execution and delivery and, assuming due authorization, execution
and delivery by the Trustee, will constitute the valid and binding agreement of the Company Parties, enforceable against the Company Parties in accordance with its terms, except as such enforceability may be limited by bankruptcy, fraudulent
conveyance, insolvency, reorganization, moratorium, and other laws relating to or affecting creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at
law). The Indenture shall comply in all material respects with the requirements of the Trust Indenture Act of 1939 (the “Trust Indenture Act”). The Indenture will conform to the description thereof in each of the Pricing
Disclosure Package and the Offering Memorandum. 
 (m) Notes. The Company has all requisite corporate power and authority to execute,
issue, sell and perform its obligations under the Notes. The Notes have been duly authorized by the Company and, when duly executed by the Company in accordance with the terms of the Indenture, assuming due authentication of the Notes by the
Trustee, upon delivery to the Initial Purchasers against payment therefor in accordance with the terms hereof, will be validly issued and delivered and will constitute valid and binding obligations of the Company entitled to the benefits of the
Indenture, enforceable against the Company in accordance with their terms, except as such enforceability may be limited by bankruptcy, fraudulent conveyance, 

  
 5 

 
insolvency, reorganization, moratorium, and other laws relating to or affecting creditors’ rights generally and by general equitable principles (regardless of whether such enforceability is
considered in a proceeding in equity or at law) (collectively, the “Enforceability Exceptions”). The Notes will conform in all material respects to the description thereof in each of the Pricing Disclosure Package and the
Offering Memorandum. 
 (n) Exchange Notes. The Company has all requisite corporate power and authority to execute, issue and perform
its obligations under the Exchange Notes. The Exchange Notes have been duly and validly authorized by the Company and if and when issued and authenticated in accordance with the terms of the Indenture and delivered in accordance with the Exchange
Offer provided for in the Registration Rights Agreement, will be validly issued and delivered and will constitute valid and binding obligations of the Company entitled to the benefits of the Indenture, enforceable against the Company in accordance
with their terms, subject to the Enforceability Exceptions. 
 (o) Guarantees. Each Guarantor has all requisite corporate, partnership
or limited liability company power and authority, as applicable, to execute, issue and perform its obligations under the Guarantees. The Guarantees have been duly and validly authorized by the Guarantors and when the Indenture is duly executed and
delivered by the Guarantors in accordance with its terms and upon the due execution, authentication and delivery of the Notes in accordance with the Indenture and the issuance of the Notes in the sale to the Initial Purchasers contemplated by this
Agreement, will constitute valid and binding obligations of the Guarantors, enforceable against the Guarantors in accordance with their terms, subject to the Enforceability Exceptions. The Guarantees will conform in all material respects to the
description thereof in each of the Pricing Disclosure Package and the Offering Memorandum. 
 (p) Exchange Guarantees. Each Guarantor
has all requisite corporate, partnership or limited liability company power and authority, as applicable, to execute, issue and perform its obligations under the Exchange Guarantees. The Exchange Guarantees have been duly and validly authorized by
the Guarantors and if and when executed and delivered by the Guarantors in accordance with the terms of the Indenture and upon the due execution and authentication of the Exchange Notes in accordance with the Indenture and the issuance and delivery
of the Exchange Notes in the Exchange Offer contemplated by the Registration Rights Agreement, will be validly issued and delivered and will constitute valid and binding obligations of the Guarantors entitled to the benefits of the Indenture,
enforceable against the Guarantors in accordance with their terms, subject to the Enforceability Exceptions. 
 (q) Registration Rights
Agreement. Each of the Company Parties has all requisite corporate, partnership or limited liability company power and authority, as applicable, to execute, deliver and perform its obligations under the Registration Rights Agreement. The
Registration Rights Agreement has been duly and validly authorized by the Company Parties and, when executed and delivered by the Company Parties in accordance with the terms hereof and thereof, will be validly executed and delivered and (assuming
the due authorization, execution and delivery thereof by you) will be the legally valid and binding obligation of the Company Parties in accordance with the terms thereof, enforceable against the Company Parties in accordance with its terms, subject
to the Enforceability Exceptions and, as to rights of indemnification and contribution, by principles of public policy. The Registration Rights Agreement will conform in all material respects to the description thereof in each of the Pricing
Disclosure Package and the Offering Memorandum. 

  
 6 

 (r) Purchase Agreement. Each of the Company Parties has all requisite corporate power to
execute, deliver and perform their respective obligations under this Agreement. This Agreement has been duly and validly authorized, executed and delivered by the Company Parties. 

(s) No Conflicts. The issue and sale of the Notes and the Guarantees, the execution, delivery and performance by the Company Parties of
the Notes, the Guarantees, the Exchange Notes, the Exchange Guarantees, the Indenture, the Registration Rights Agreement and this Agreement, the application of the proceeds from the sale of the Notes as described under “Use of Proceeds” in
each of the Pricing Disclosure Package and the Offering Memorandum and the consummation of the transactions contemplated hereby and thereby, will not (i) conflict with or result in a breach or violation of any of the terms or provisions of,
impose any lien, charge or encumbrance upon any property or assets of the Company Entities, or constitute a default under any indenture, mortgage, deed of trust, loan agreement, license, lease or other agreement or instrument to which any of the
Company Entities is a party or by which any of the Company Parties is bound or to which any of the property or assets of the Company Entities is subject, (ii) result in any violation of the provisions of the charter or bylaws (or similar
organizational documents) of the Company Entities, or (iii) result in any violation of any statute or any judgment, order, decree, rule or regulation of any court or governmental agency or body having jurisdiction over any of the Company
Entities or any of their properties or assets, except, with respect to clauses (i) and (iii) above, for any such conflict, breach, violation or default that would not reasonably be expected to have a Material Adverse Effect. 

(t) No Consents. No consent, approval, authorization or order of, or filing, registration or qualification with any court or
governmental agency or body having jurisdiction over any of the Company Entities or any of their properties or assets is required for the issue and sale of the Notes and the Guarantees, the execution, delivery and performance by the Company Parties
of the Notes, the Guarantees, the Exchange Notes, the Exchange Guarantees, the Indenture, the Registration Rights Agreement and this Agreement, the application of the proceeds from the sale of the Notes as described under “Use of Proceeds”
in each of the Pricing Disclosure Package and the Offering Memorandum and the consummation of the transactions contemplated hereby and thereby, except for the filing of a registration statement by the Company with the Commission pursuant to the
Securities Act as required by the Registration Rights Agreement and such consents, approvals, authorizations, orders, filings, registrations or qualifications which shall have been obtained or made prior to the Closing Date (as defined herein) or as
may be required under state securities or Blue Sky laws in connection with the purchase and distribution of the Notes by the Initial Purchasers, each of which has been obtained and is in full force and effect. 

(u) Financial Statements. The historical financial statements (including the related notes and supporting schedules) included or
incorporated by reference in the Pricing Disclosure Package and the Offering Memorandum comply as to form in all material respects with the requirements of Regulation S-X under the Securities Act and present fairly in all material respects the
financial condition, results of operations and cash flows of the entities 

  
 7 

 
purported to be shown thereby, at the dates and for the periods indicated, and have been prepared in conformity with accounting principles generally accepted in the United States applied on a
consistent basis throughout the periods involved. The other financial information included in the in the Pricing Disclosure Package and the Offering Memorandum has been derived from the accounting records of the Company Parties and presents fairly
in all material respects the information shown thereby. 
 (v) Pro Forma Financial Statements. The unaudited pro forma financial
statements included or incorporated by reference in the Pricing Disclosure Package and the Offering Memorandum include assumptions that provide a reasonable basis for presenting the significant effects directly attributable to the transactions and
events described therein, the related pro forma adjustments give appropriate effect to those assumptions, and the unaudited pro forma adjustments reflect the proper application of those adjustments to the historical financial statement amounts in
the pro forma financial statements included in the Pricing Disclosure Package. The unaudited pro forma financial statements included or incorporated by reference in the Pricing Disclosure Package comply as to form in all material respects with the
applicable requirements of Regulation S-X under the Securities Act. 
 (w) Independent Accountants. Each of (i) Ernst &
Young LLP, who has certified certain financial statements of the Company and its consolidated subsidiaries and Alpha Shale Resources, LP included or incorporated by reference in the Pricing Disclosure Package and the Offering Memorandum,
(ii) Grossman Yanak & Ford LLP, who has certified certain financial statements of Countrywide Energy Services, LLC included or incorporated by reference in the Pricing Disclosure Package and the Offering Memorandum, and
(iii) Schneider Downs & Co., Inc., who has certified certain financial statements of Alpha Shale Resources, LP included or incorporated by reference in the Pricing Disclosure Package and the Offering Memorandum, whose reports appears
in the Pricing Disclosure Package and the Offering Memorandum or are incorporated by reference therein and who have delivered the initial letters referred to in Section 7(g) hereof, are independent public accounting firms with respect to the
Company and its subsidiaries, Countrywide Energy Services, LLC and Alpha Shale Resources, LP, as the case may be, as required by the Securities Act and the rules and regulations thereunder. 

(x) Accounting Controls. The Company Entities (considered as one entity) maintain a system of internal control over financial reporting
(as such term is defined in Rule 13a-15(f) of the Exchange Act) that complies with the requirements of the Exchange Act and that has been designed by, or under the supervision of, the Company’s principal executive and principal financial
officers, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles in the United States. The
Company Entities (considered as one entity) maintain internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorization,
(ii) transactions are recorded as necessary to permit preparation of the Company’s consolidated financial statements in conformity with accounting principles generally accepted in the United States and to maintain accountability for its
assets, (iii) access to the Company’s assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for the Company’s assets is compared with existing assets
at reasonable intervals and appropriate action is taken with respect to any differences. As of the 

  
 8 

 
date of the most recent balance sheet of the Company and its consolidated subsidiaries reviewed or audited by Ernst & Young LLP and the audit committee of the board of directors of the
Company, except as described in the Pricing Disclosure Package, there were no material weaknesses in the Company’s internal controls. 

(y) Disclosure Controls. (i) The Company Entities (considered as one entity) maintain disclosure controls and procedures (as such
term is defined in Rule 13a-15(e) under the Exchange Act); (ii) such disclosure controls and procedures are designed to ensure that the information required to be disclosed by the Company Entities in the reports they file or will file or submit
under the Exchange Act is accumulated and communicated to management of the Company Entities, including their respective principal executive officers and principal financial officers, as appropriate, to allow timely decisions regarding required
disclosure to be made; and (iii) such disclosure controls and procedures are effective in all material respects to perform the functions for which they were established. 

(z) No Changes in Internal Controls. Except as described in the Pricing Disclosure Package, since the date of the most recent balance
sheet of the Company and its consolidated subsidiaries reviewed or audited by Ernst & Young LLP and the audit committee of the board of directors of the Company, (i) the Company has not been advised of or become aware of (A) any
significant deficiencies in the design or operation of internal controls that could adversely affect the ability of any of the Company Entities to record, process, summarize and report financial data, or any material weaknesses in internal controls
and (B) any fraud, whether or not material, that involves management or other employees who have a significant role in the internal controls of each of the Company Entities; and (ii) there have been no significant changes in internal
controls or in other factors that could significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses. 

(aa) Sarbanes-Oxley. There is and has been no failure on the part of the Company and any of the Company’s directors or officers, in
their capacities as such, to comply with any applicable provision of the Sarbanes-Oxley Act of 2002 and the rules and regulations promulgated in connection therewith applicable to the Company. 

(bb) No Material Adverse Effect. Other than as disclosed in each of the Pricing Disclosure Package and the Offering Memorandum
(exclusive of any amendment or supplement thereto) and except as would not, in the aggregate, reasonably be expected to have a Material Adverse Effect, since the date of the latest audited financial statements included or incorporated by reference
in the Pricing Disclosure Package and the Offering Memorandum, none of the Company Entities, considered as one entity, have (A) sustained any loss or interference with its business from fire, explosion, flood or other calamity, whether or not
covered by insurance, or from any labor dispute or court or governmental action, order or decree, (B) issued or granted any securities, (C) incurred any material liability or obligation, direct or contingent, other than liabilities and
obligations that were incurred in the ordinary course of business, (D) entered into any material transaction not in the ordinary course of business, or (E) declared or paid any dividend or distribution on its capital stock, partnership or
limited liability company interests, as applicable, and since such date, there has not been any change in the capital stock, partnership or limited liability company interests, as applicable, or long-term debt of the Company Entities, considered as
one entity, or any adverse change, or any development involving a prospective adverse change, in or affecting the condition (financial or otherwise), results of operations, stockholders’ equity, properties, management, business or prospects of
the Company Entities, taken as a whole. 

  
 9 

 (cc) Title to Properties. Each of the Company Entities has or will have good and
marketable title to, or have valid rights to lease or otherwise use, all items of real property and personal property that are material to the conduct of the respective businesses of the Company Entities, in each case free and clear of all liens,
encumbrances and defects, except such liens, encumbrances and defects as (i) are described in the Pricing Disclosure Package and Offering Memorandum (ii) do not materially interfere with the use made and proposed to be made of such
property by the Company Entities and (iii) would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(dd) Licenses and Permits. Each of the Company Entities has such permits, licenses, patents, franchises, certificates of need and other
approvals or authorizations of governmental or regulatory authorities (“Permits”) as are necessary under applicable law to own their properties and conduct their businesses in the manner described in the Pricing Disclosure
Package and Offering Memorandum, except for any of the foregoing that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each of the Company Entities has fulfilled and performed all of its
obligations with respect to the Permits, and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other impairment of the rights of the holder or any such Permits,
except for any of the foregoing that would not reasonably be expected to have a Material Adverse Effect. None of the Company Entities has received notice of any revocation or modification of any such Permits or has any reason to believe that any
such Permits will not be renewed in the ordinary course. 
 (ee) Intellectual Property. Each of the Company Entities owns or possesses
adequate rights to use all material patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights, licenses, know-how, software, systems and technology (including trade secrets
and other unpatented and/or unpatentable proprietary or confidential information, systems or procedures) necessary for the conduct of their respective businesses, except as would not, individually or in the aggregate, reasonably be expected to have
a Material Adverse Effect. 
 (ff) Legal Proceedings. Except as described in the Pricing Disclosure Package, there are no legal or
governmental proceedings pending to which a Company Entity is a party or of which any property or assets of any of the Company Entities is the subject that could, in the aggregate, reasonably be expected to have a Material Adverse Effect; and to the
each of the Company Parties’ knowledge, no such proceedings are threatened or contemplated by governmental authorities or others. 

(gg) No Defaults. None of the Company Entities is (i) in violation of its charter or bylaws (or similar organizational documents),
(ii) in default, and no event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant, condition or other obligation contained in any indenture,
mortgage, deed of trust, loan agreement, license or other agreement or instrument to which it is a 

  
 10 

 
party or by which it is bound or to which any of its properties or assets is subject, or (iii) in violation of any statute or any order, rule or regulation of any court or governmental
agency or body having jurisdiction over it or its property or assets, except in the case of clauses (ii) and (iii), to the extent any such conflict, breach, violation or default would not, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect. 
 (hh) Environmental Laws. Each of the Company Entities (i) are, and at all times
prior hereto were, in compliance with all laws, regulations, ordinances, rules, orders, judgments, decrees, permits or other legal requirements of any governmental authority, including without limitation any international, foreign, national, state,
provincial, regional, or local authority, relating to pollution, the protection of human health or safety, the environment, or natural resources, or to use, handling, storage, manufacturing, transportation, treatment, discharge, disposal or release
of hazardous or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”) applicable to such entity, which compliance includes, without limitation, obtaining, maintaining and complying with all permits and
authorizations and approvals required by Environmental Laws to conduct their respective businesses, and (ii) have not received notice or otherwise have knowledge of any actual or alleged violation of Environmental Laws, or of any actual or
potential liability for or other obligation concerning the presence, disposal or release of hazardous or toxic substances or wastes, pollutants or contaminants, except in the case of clause (i) or (ii) where such non-compliance, violation,
liability, or other obligation would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. Except as described in the Pricing Disclosure Package and Offering Memorandum, (x) there are no proceedings that are pending,
or known to be contemplated, against any of the Company Entities under Environmental Laws in which a governmental authority is also a party, other than such proceedings regarding which it is reasonably believed no monetary sanctions of $100,000 or
more will be imposed, (y) the Company Entities are not aware of any issues regarding compliance with Environmental Laws, including any pending or proposed Environmental Laws, or liabilities or other obligations under Environmental Laws or
concerning hazardous or toxic substances or wastes, pollutants or contaminants, that could reasonably be expected to have a Material Adverse Effect, and (z) none of the Company Entities anticipates material capital expenditures relating to
Environmental Laws other than those incurred in the ordinary course of business. 
 (ii) Taxes. Each of the Company Entities has filed
all federal, state, local and foreign tax returns required to be filed through the date hereof, subject to permitted extensions, and have paid all taxes due, and, except as would not, individually or in the aggregate, reasonably be expected to have
a Material Adverse Effect, there is no tax deficiency has been determined adversely to any of the Company Entities, nor do the Company Parties have any knowledge of any tax deficiencies that have been, or could reasonably be expected to be asserted
against the Company Entities, that could, in the aggregate, reasonably be expected to have a Material Adverse Effect. 
 (jj) Investment
Company Act. None of the Company Entities is, and after giving effect to the offer and sale of the Notes and the application of the proceeds therefrom as described under “Use of Proceeds” in each of the Pricing Disclosure Package and
the Offering Memorandum, none of the Company Entities will be, an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and the
rules and regulations of the Commission thereunder. 

  
 11 

 (kk) Independent Petroleum Engineers. Netherland, Sewell and Associates, Inc., who issued
a report with respect to the oil and natural gas reserves of certain of the Company Entities at December 31, 2013 and December 31, 2012 and of Alpha Shale Resources, LP at December 31, 2013 and December 31, 2012, and
Wright & Company, Inc., who issued a report with respect to the oil and natural gas reserves of Alpha Shale Resources, LP at December 31, 2011, who have each delivered the letters referred to in Section 7(j) hereof, were, as of
the date of such report, and are, as of the date hereof, independent petroleum engineers with respect to the Company. 
 (ll)
Stabilization. The Company and its affiliates have not taken, directly or indirectly, any action designed to or that has constituted or that could reasonably be expected to cause or result in the stabilization or manipulation of the price of
any security of any of the Company Parties in connection with the offering of the Notes. 
 (mm) No Unlawful Payments. None of the
Company Entities nor, to the knowledge of the Company Parties, any director, officer, agent, employee or other person associated with or acting on behalf of the Company Entities has (i) used any corporate funds for any unlawful contribution,
gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any foreign or domestic government official or employee from corporate funds; (iii) violated or is in
violation of any provision of the Foreign Corrupt Practices Act of 1977, the Bribery Act 2010 of the United Kingdom or any other applicable anti-corruption laws; or (iv) made any bribe, rebate, payoff, influence payment, kickback or other
unlawful payment. 
 (nn) Compliance with Money Laundering Laws. The operations of the of the Company Entities are and have been
conducted at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and
regulations thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by
or before any court or governmental agency, authority or body or any arbitrator involving any of the Company Entities with respect to the Money Laundering Laws is pending or, to the knowledge of the Company Parties, threatened. 

(oo) OFAC. None of the Company Entities nor, to the knowledge of the Company Parties, any director, officer, agent, employee or
affiliate of the Company Entities is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”); and the Company will not directly or indirectly use
the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of any person currently subject to any U.S.
sanctions administered by OFAC. 

  
 12 

 (pp) Critical Accounting Policies. The section entitled “Management’s Discussion
and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates” set forth or incorporated by reference in the Preliminary Offering Memorandum contained in the Pricing Disclosure Package and the
Offering Memorandum accurately and fully describes (i) the accounting policies that the Company believes are the most important in the portrayal of the Company’s financial condition and results of operations and that require
management’s most difficult, subjective or complex judgments; (ii) the judgments and uncertainties affecting the application of critical accounting policies; and (iii) the likelihood that materially different amounts would be reported
under different conditions or using different assumptions and an explanation thereof. 
 (qq) Certain Statements and Agreements. All
contracts, agreements or other documents that would be required to be described in a registration statement filed under the Securities Act or that are required to be filed as exhibits under the Securities Act or pursuant to Item 601(b)(10) of
Regulation S-K have been described in the Pricing Disclosure Package and the Offering Memorandum and have been filed as required. The statements made in the Pricing Disclosure Package and the Offering Memorandum, insofar as they purport to
constitute summaries of the terms of the contracts and other documents that are so described, constitute accurate summaries of the terms of such contracts and documents in all material respects. 

(rr) No Related Party Transactions. No relationship, direct or indirect, that would be required to be described in a registration
statement of the Company pursuant to Item 404 of Regulation S-K, exists between or among any of the Company Entities, on the one hand, and the directors, officers, stockholders, customers or suppliers of any of the Company Entities, on the
other hand, that has not been described or incorporated by reference in the Pricing Disclosure Package and the Offering Memorandum. 
 (ss)
No Labor Disputes. No labor disturbance by or dispute with the employees of the Company Entities exists or, to the knowledge of any of the Company Parties, is imminent that could reasonably be expected to have a Material Adverse Effect. 

(tt) Summaries of Law or Agreements. The statements made in the Pricing Disclosure Package and the Offering Memorandum under the
captions “Business—Regulation of the Oil and Natural Gas Industry”; “Business—Regulation of Pipeline Safety and Maintenance”; “Business—Regulation of Environmental and Occupational Safety and Health
Matters”, insofar as they purport to constitute summaries of the terms of statutes, rules or regulations, legal or governmental proceedings or contracts and other documents, constitute accurate summaries of the terms of such statutes, rules and
regulations, legal and governmental proceedings and contracts and other documents in all material respects. 
 (uu) No
Exchange Act Violations. None of the transactions contemplated by this Agreement (including, without limitation, the use of the proceeds from the sale of the Notes), will violate or result in a violation of Section 7 of the Exchange Act, or
any regulation promulgated thereunder, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System. 

(vv) Insurance. Except as would not reasonably be expected to have a Material Adverse Effect, each of the Company Entities carry, or are
covered by, insurance from insurers of recognized financial responsibility in such amounts and covering such risks as is reasonably 

  
 13 

 
adequate for the conduct of their respective businesses and the value of their respective properties and as is customary for companies engaged in similar businesses in similar industries. All
policies of insurance of each of the Company Entities are in full force and effect; the Company Entities are in compliance with the terms of such policies in all material respects; and none of the Company Entities has received notice from any
insurer or agent of such insurer that capital improvements or other expenditures are required or necessary to be made in order to continue such insurance. There are no claims by any of the Company Entities under any such policy or instrument as to
which any insurance company is denying liability or defending under a reservation of rights clause; and none of the Company Entities has any reason to believe that it will not be able to renew its existing insurance coverage as and when such
coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business at a cost that would not reasonably be expected to have a Material Adverse Effect. 

(ww) Stabilization Safe Harbor. The Company has not taken any action or omitted to take any action (such as issuing any press release
relating to any Notes without an appropriate legend) which may result in the loss by any of the Initial Purchasers of the ability to rely on any stabilization safe harbor provided by the Financial Services Authority under the Financial Services and
Markets Act 2000 (the “FSMA”). 
 (xx) Compliance with ERISA. Except, in each case, for any such matter as
would not reasonably be expected to have a Material Adverse Effect, (i) each “employee benefit plan” (within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”)) for which the Company or any member of its “Controlled Group” (defined as any organization which is a member of a controlled group of corporations within the meaning of Section 414 of the Internal
Revenue Code of 1986, as amended (the “Code”)) would have any liability (each a “Plan”) has been maintained in material compliance with its terms and with the requirements of all applicable statutes,
rules and regulations including ERISA and the Code; (ii) no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect to any Plan, excluding transactions effected
pursuant to a statutory or administrative exemption; (iii) with respect to each Plan subject to Title IV of ERISA (A) no “reportable event” (within the meaning of Section 4043(c) of ERISA) has occurred or is reasonably
expected to occur, excluding any reportable event for which a waiver could apply (B) the Company and, to the Company’s knowledge, each member of the Controlled Group have fulfilled their obligations under the minimum funding standards of
the Code with respect to each such Plan, and (C) neither the Company or any member of its Controlled Group has incurred, or reasonably expects to incur, any liability under Title IV of ERISA (other than contributions to the Plan or premiums to
the Pension Benefit Guaranty Corporation in the ordinary course and without default) in respect of a Plan (including a “multiemployer plan”, within the meaning of Section 4001(c)(3) of ERISA); and (iv) each Plan that is intended
to be qualified under Section 401(a) of the Code is the subject of a favorable determination or opinion letter from the Internal Revenue Service to the effect that it is so qualified, and nothing has occurred, whether by action or by failure to
act, that could reasonably be expected to cause the loss of such qualification or approval. 
 (yy) No Subsidiary Payment
Restrictions. Except as set forth in Section 9.14 of the Third Amended and Restated Credit Agreement, no subsidiary of the Company is currently prohibited, directly or indirectly, from paying any dividends to the Company, from

  
 14 

 
making any other distribution on such subsidiary’s capital stock or other ownership interests, from repaying to the Company any loans or advances to such subsidiary from the Company or from
transferring any of such subsidiary’s property or assets to the Company or any other subsidiary of the Company, except as described in the Pricing Disclosure Package and the Offering Memorandum. 

(zz) Statistical and Market-Related Data. The statistical and market-related data included or incorporated by reference in the
Pricing Disclosure Package and the Offering Memorandum are based on or derived from sources that the Company believes to be reliable in all material respects. 

(aaa) Solvency. Each of the Company Entities, when taken together (the “Consolidated Entity”), is, and
immediately after the Closing Date (after giving effect to the issuance of the Notes and the other transactions related thereto as described in the Offering Memorandum) will be, Solvent. As used in this paragraph, the term
“Solvent” means, with respect to a particular date, that on such date (i) the present fair market value (or present fair saleable value) of the assets of the Consolidated Entity are not less than the total amount
required to pay the probable liabilities of the Consolidated Entity on its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured, (ii) the Consolidated Entity is able to realize upon its
assets and pay its debts and other liabilities, contingent obligations and commitments as they mature and become due in the normal course of business, (iii) assuming the sale of the Notes as contemplated by this Agreement, the Pricing
Disclosure Package and the Offering Memorandum, the Consolidated Entity is not incurring debts or liabilities beyond its ability to pay as such debts and liabilities mature, (iv) the Consolidated Entity is not engaged in any business or
transaction, and is not about to engage in any business or transaction, for which its property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such Company Entity is
engaged, and (v) none of the Company Entities is a defendant in any civil action that would result in a judgment that the Company Entities are or would become unable to satisfy. In computing the amount of such contingent liabilities at any
time, it is intended that such liabilities will be computed at the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

 (bbb) Registration Rights Disclosed. Except as described in the Pricing Disclosure Package, there are no contracts, agreements or
understandings between any of the Company Entities and any person granting such person the right to require any of the Company Entities to file a registration statement under the Securities Act with respect to any securities of any of the Company
Entities (other than the Registration Rights Agreement) owned or to be owned by such person or to require any of the Company Entities to include such securities in the securities registered pursuant to the Registration Rights Agreement or in any
securities being registered pursuant to any other registration statement filed by any of the Company Entities under the Securities Act. 

(ccc) No Brokers. None of the Company Entities is a party to any contract, agreement or understanding with any person (other than this
Agreement) that could give rise to a valid claim against any of them or the Initial Purchasers for a brokerage commission, finder’s fee or like payment in connection with the offering and sale of the Notes. 

  
 15 

 (ddd) Summaries of Terms. The statements set forth in each of the Pricing Disclosure
Package and the Offering Memorandum under the caption “Description of the Notes,” insofar as they purport to constitute a summary of the terms of the Notes and the Guarantees and under the captions “Certain Relationships and Related
Party Transactions,” “Description of Other Indebtedness,” “Certain United States Federal Income Tax Considerations” and “Transfer Restrictions,” insofar as they purport to summarize the provisions of the laws and
documents referred to therein, are accurate summaries in all material respects. 
 Any certificate signed by any officer of the Company
Parties and delivered to the Representative or counsel for the Initial Purchasers in connection with the offering of the Notes shall be deemed a representation and warranty by the Company or such Guarantor, jointly and severally, as to matters
covered thereby, to each Initial Purchaser. 
 3. Purchase of the Notes by the Initial Purchasers, Agreements to Sell, Purchase and
Resell. 
 (a) The Company Parties, jointly and severally hereby agree, on the basis of the representations, warranties, covenants and
agreements of the Initial Purchasers contained herein and subject to all the terms and conditions set forth herein, to issue and sell to the Initial Purchasers and, upon the basis of the representations, warranties and agreements of the Company
Parties herein contained and subject to all the terms and conditions set forth herein, each Initial Purchasers agrees, severally and not jointly, to purchase from the Company, at a purchase price of 98.250% of the principal amount thereof, the total
principal amount of Notes set forth opposite the name of such Initial Purchaser in Schedule I hereto. The Company Parties shall not be obligated to deliver any of the securities to be delivered hereunder except upon payment for all of the securities
to be purchased as provided herein. 
 (b) Each of the Initial Purchasers, severally and not jointly hereby represents and warrants to the
Company that it will offer the Notes for sale upon the terms and conditions set forth in this Agreement and in the Pricing Disclosure Package. Each of the Initial Purchasers, severally and not jointly, hereby represents and warrants to, and agrees
with, the Company, on the basis of the representations, warranties and agreements of the Company Parties, that such Initial Purchaser: (i) is a QIB with such knowledge and experience in financial and business matters as are necessary in order
to evaluate the merits and risks of an investment in the Notes; (ii) in connection with the Exempt Resales, will solicit offers to buy the Notes only from, and will offer to sell the Notes only to, the Eligible Purchasers in accordance with
this Agreement and on the terms contemplated by the Pricing Disclosure Package; and (iii) will not engage in any directed selling efforts within the meaning of Rule 902 under the Securities Act, in connection with the offering of the Notes. The
Initial Purchasers have advised the Company that they will offer the Notes to Eligible Purchasers at a price initially equal to 100% of the principal amount thereof, plus accrued interest, if any, from the date of issuance of the Notes. Such price
may be changed by the Initial Purchasers at any time without notice. 

  
 16 

 (c) The Initial Purchasers have not nor, prior to the later to occur of (A) the Closing Date
and (B) completion of the distribution of the Notes, will not, use, authorize use of, refer to or distribute any material in connection with the offering and sale of the Notes other than (i) the Preliminary Offering Memorandum, the Pricing
Disclosure Package, the Offering Memorandum, (ii) any written communication that contains either (x) no “issuer information” (as defined in Rule 433(h)(2) under the Securities Act) or (y) “issuer information” that
was included (including through incorporation by reference) in the Preliminary Offering Memorandum or any Free Writing Offering Document listed on Schedule IV hereto, (iii) the Free Writing Offering Documents listed on Schedule IV
hereto, (iv) any written communication prepared by such Initial Purchaser and approved by the Company in writing, or (v) any written communication relating to or that contains the terms of the Notes and/or other information that was
included (including through incorporation by reference) in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum. 

Each of the Initial Purchasers understands that the Company and, for purposes of the opinions to be delivered to the Initial Purchasers
pursuant to Sections 7(c), 7(d) and 7(e) hereof, counsel to the Company and counsel to the Initial Purchasers, will rely upon the accuracy and truth of the foregoing representations, warranties and agreements, and the Initial Purchasers hereby
consent to such reliance. 
 4. Delivery of the Notes and Payment Therefor. Delivery to the Initial Purchasers of and payment
for the Notes shall be made at the office of Vinson & Elkins L.L.P., at 10:00 A.M., New York City time, on April 25, 2014 (the “Closing Date”). The place of closing for the Notes and the Closing
Date may be varied by agreement between the Initial Purchasers and the Company. 
 The Notes will be delivered to the Initial
Purchasers, or the Trustee as custodian for The Depository Trust Company (“DTC”), against payment by or on behalf of the Initial Purchasers of the purchase price therefor by wire transfer in immediately available funds, by
causing DTC to credit the Notes to the account of the Initial Purchasers at DTC. The Notes will be evidenced by one or more global securities in definitive form (the “Global Notes”) and will be registered in the name of
Cede & Co. as nominee of DTC. The Notes to be delivered to the Initial Purchasers shall be made available to the Initial Purchasers in New York City for inspection and packaging not later than 10:00 A.M., New York City time, on the business
day next preceding the Closing Date. 
 5. Agreements of the Company Parties. The Company Parties, jointly and severally, agree with
each of the Initial Purchasers as follows: 
 (a) Copies of the Offering Memorandum. The Company Parties will furnish to the
Initial Purchasers, without charge, within one business day of the date of the Offering Memorandum, such number of copies of the Offering Memorandum as may then be amended or supplemented as they may reasonably request. 

(b) Form of Offering Memorandum. The Company Parties will prepare the Offering Memorandum in a form approved by the Initial
Purchasers and will not make any amendment or supplement to the Pricing Disclosure Package or to the Offering Memorandum of which the Initial Purchasers shall not previously have been advised or to which they shall reasonably object after being so
advised. 

  
 17 

 (c) Compliance with Securities and Blue Sky Laws. Each of the Company Parties
consents to the use of the Pricing Disclosure Package and the Offering Memorandum in accordance with the securities or Blue Sky laws of the jurisdictions in which the Notes are offered by the Initial Purchasers and by all dealers to whom Notes may
be sold, in connection with the offering and sale of the Notes. 
 (d) Amendments to the Pricing Disclosure Package or the
Offering Memorandum. If, at any time prior to completion of the distribution of the Notes by the Initial Purchasers to Eligible Purchasers, any event occurs or information becomes known that, in the judgment of any of the Company Parties or in
the opinion of counsel for the Initial Purchasers, should be set forth in the Pricing Disclosure Package or the Offering Memorandum so that the Pricing Disclosure Package or the Offering Memorandum, as then amended or supplemented, does not include
any untrue statement of material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary to supplement or amend the
Pricing Disclosure Package or the Offering Memorandum in order to comply with any law, the Company Parties will forthwith prepare an appropriate supplement or amendment thereto, and will expeditiously furnish to the Initial Purchasers and dealers a
reasonable number of copies thereof. 
 (e) Restrictions of Sales and Solicitations. None of the Company Parties will
make any offer to sell or solicitation of an offer to buy the Notes that would constitute a Free Writing Offering Document without the prior consent of the Representative, which consent shall not be unreasonably withheld or delayed. If at any time
following issuance of a Free Writing Offering Document any event occurred or occurs as a result of which such Free Writing Offering Document conflicts with the information in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the
Offering Memorandum or, when taken together with the information in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum, includes an untrue statement of a material fact or omits to state any material fact
necessary in order to make the statements therein, in the light of the circumstances then prevailing, not misleading, as promptly as practicable after becoming aware thereof, the Company will give notice thereof to the Initial Purchasers through the
Representative and, if requested by the Representative, will prepare and furnish without charge to each Initial Purchaser a Free Writing Offering Document or other document which will correct such conflict, statement or omission. 

(f) Qualifying the Notes. Promptly from time to time to take such action as the Initial Purchasers may reasonably request to
qualify the Notes for offering and sale under the securities or Blue Sky laws of such jurisdictions as the Initial Purchasers may request and to comply with such laws so as to permit the continuance of sales and dealings therein in such
jurisdictions for as long as may be necessary to complete the distribution of the Notes; provided that in connection therewith the Company shall not be required to (i) qualify as a foreign corporation in any jurisdiction in which it
would not otherwise be required to so qualify, (ii) file a general consent to service of process in any such jurisdiction, or (iii) subject itself to taxation in any jurisdiction in which it would not otherwise be subject. 

  
 18 

 (g) Clear Market. During the period from the date hereof and ending on the 60th day
after the date of the Offering Memorandum, the Company and each of the Guarantors will not, without the prior written consent of the Representative, directly or indirectly, issue, sell, offer to sell, grant any option for the sale of, or otherwise
dispose of, any securities similar to the notes, or any securities convertible into or exchangeable for the notes or any such similar securities, except for the notes sold to the initial purchasers pursuant to the purchase agreement and the exchange
notes. 
 (h) Available Information. So long as any of the Notes are outstanding, the Company Parties will furnish at
their expense to the Initial Purchasers, and, upon request, to the holders of the Notes and prospective purchasers of the Notes, the information required by Rule 144A(d)(4) under the Securities Act (if any). 

(i) Application of Net Proceeds. The Company Parties will apply the net proceeds from the sale of the Notes to be sold by it
hereunder substantially in accordance with the description set forth in the Pricing Disclosure Package and the Offering Memorandum under the caption “Use of Proceeds.” 

(j) No Solicitation and Advertising. The Company Parties and their respective affiliates will not take, directly or indirectly,
any action designed to or that has constituted or that reasonably could be expected to cause or result in the stabilization or manipulation of the price of any security of any of the Company Parties in connection with the offering of the Notes.

 (k) DTC Approval. The Company Parties will use their best efforts to permit the Notes to be eligible for clearance and
settlement through DTC. 
 (l) Resale of Notes. Each of the Company Parties will not, and will not permit any of their
respective affiliates (as defined in Rule 144 under the Securities Act) to, resell any of the Notes that have been acquired by any of them, except for Notes purchased by the Company Parties or any of their respective affiliates and resold in a
transaction registered under the Securities Act. 
 (m) No Integration. The Company Parties agree not to sell, offer for
sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in the Securities Act) that would be integrated with the sale of the Notes in a manner that would require the registration under the Securities Act of the
sale to the Initial Purchasers or the Eligible Purchasers of the Notes.  
 (n) No General Solicitation. In connection
with any offer or sale of the Notes, the Company Parties will not engage, and will cause their respective affiliates and any person acting on their behalf (other than, in any case, the Initial Purchasers and any of their affiliates, as to whom the
Company Parties make no covenant) not to engage (i) in any form of general solicitation or general advertising (within the meaning of Regulation D of the Securities Act) or any public offering within the meaning of Section 4(a)(2) of the
Securities Act in connection with any offer or sale of the Notes and/or (ii) in any directed selling effort with respect to the Notes within the meaning of Regulation S under the Securities Act, and to comply with the offering restrictions
requirement of Regulation S of the Securities Act. 

  
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 (o) Book Entry Transfer. The Company Parties agree to comply with all the terms and
conditions of the Registration Rights Agreement and all agreements set forth in the representation letters of the Company Parties to DTC relating to the approval of the Notes by DTC for “book entry” transfer. 

The Company Parties will do and perform all things required or necessary to be done and performed under this Agreement by them prior to the
Closing Date, and to satisfy all conditions precedent to the Initial Purchasers’ obligations hereunder to purchase the Notes. 
 6.
Expenses. Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Company Parties, jointly and severally, agree, to pay all expenses, costs, fees and taxes incident to and in
connection with: (a) the preparation, printing, filing and distribution of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum (including, without limitation, financial statements and exhibits and one
or more versions of the Preliminary Offering Memorandum and the Offering Memorandum for distribution in Canada, including in the form of a Canadian “wrapper” (including related fees and expenses of Canadian counsel to the Initial
Purchasers)) and all amendments and supplements thereto (including the fees, disbursements and expenses of the Company Parties’ accountants and counsel, but not, however, legal fees and expenses of the Initial Purchasers’ counsel incurred
in connection therewith); (b) the preparation, printing (including, without limitation, word processing and duplication costs) and delivery of this Agreement, the Indenture, the Registration Rights Agreement, all Blue Sky memoranda and all
other agreements, memoranda, correspondence and other documents printed and delivered in connection therewith and with the Exempt Resales (but not, however, legal fees and expenses of the Initial Purchaser s’ counsel incurred in connection with
any of the foregoing other than fees of such counsel plus reasonable disbursements incurred in connection with the preparation, printing and delivery of such Blue Sky memoranda); (c) the issuance and delivery by the Company of the Notes and by
the Guarantors of the Guarantees and any taxes payable in connection therewith; (d) the qualification of the Notes and Exchange Notes for offer and sale under the securities or Blue Sky laws of the several states and any foreign jurisdictions
as the Initial Purchasers may designate (including, without limitation, the reasonable fees and disbursements of the Initial Purchasers’ counsel relating to such registration or qualification); (e) the furnishing of such copies of the
Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum, and all amendments and supplements thereto, as may be reasonably requested for use in connection with the Exempt Resales; (f) the preparation of
certificates for the Notes (including, without limitation, printing and engraving thereof); (g) the approval of the Notes by DTC for “book-entry” transfer (including fees and expenses of counsel for the Initial Purchasers reasonably
incurred therewith); (h) the rating of the Notes and the Exchange Notes; (i) the obligations of the Trustee, any agent of the Trustee and the counsel for the Trustee in connection with the Indenture, the Notes, the Guarantees, the Exchange
Notes and the Exchange Guarantees; (j) the performance by the Company Parties of their other obligations under this Agreement; and (k) all travel expenses (including expenses related to one-half of the cost of any chartered aircraft) of
each Initial Purchaser and the Company’s officers and employees and any other expenses of each Initial Purchaser and the Company in connection with attending or hosting meetings with prospective purchasers of the Notes, and expenses associated
with any electronic road show. 

  
 20 

 7. Conditions to Initial Purchasers’ Obligations. The respective obligations of the
Initial Purchasers hereunder are subject to the accuracy, when made and on and as of the Closing Date, of the representations and warranties of the Company Parties contained herein, to the performance by the Company Parties of their respective
obligations hereunder, and to each of the following additional terms and conditions: 
 (a) The Initial Purchasers shall not have discovered
and disclosed to the Company on or prior to the Closing Date that the Pricing Disclosure Package, any Free Writing Offering Document or the Offering Memorandum, or any amendment or supplement thereto, contains an untrue statement of a fact which, in
the opinion of Baker Botts L.L.P., counsel to the Initial Purchasers, is material or omits to state a fact which, in the opinion of such counsel, is material and is necessary in order to make the statements therein, in the light of the circumstances
then prevailing, not misleading. 
 (b) All corporate proceedings and other legal matters incident to the authorization, form and validity of
this Agreement, the Notes, the Guarantees, the Exchange Notes, the Exchange Guarantees, the Registration Rights Agreement, the Indenture, the Pricing Disclosure Package and the Offering Memorandum, and all other legal matters relating to this
Agreement and the transactions contemplated hereby shall be reasonably satisfactory in all material respects to counsel for the Initial Purchasers, and the Company Parties shall have furnished to such counsel all documents and information that they
may reasonably request to enable them to pass upon such matters. 
 (c) Vinson & Elkins L.L.P. shall have furnished to the Initial
Purchasers its written opinion, as counsel to the Company Parties, addressed to the Initial Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to the Initial Purchasers, substantially in the form of Exhibit A
hereto. 
 (d) Buchanan Ingersoll & Rooney PC shall have furnished to the Initial Purchasers its written opinion, as counsel to the
Company Parties, addressed to the Initial Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to the Initial Purchasers, substantially in the form of Exhibit B hereto. 

(e) The Initial Purchasers shall have received an opinion of William E. Jordan, general counsel for the Company, dated the Closing Date, to the
effect that: To the knowledge of such counsel, there are no legal or governmental proceedings pending or threatened to which any Company Party is a party or to which any of their respective properties is subject that would be required to be
described in a registration statement of the Company filed under the Securities Act that have not been described in the Pricing Disclosure Package and the Offering Memorandum. 

(f) The Initial Purchasers shall have received from Baker Botts L.L.P., counsel for the Initial Purchasers, such opinion or opinions and
negative assurance, dated the Closing Date, with respect to the issuance and sale of the Notes, the Pricing Disclosure Package, the Offering Memorandum and other related matters as the Initial Purchasers may reasonably require, and the Company shall
have furnished to such counsel such documents and information as such counsel reasonably requests for the purpose of enabling them to pass upon such matters. 

  
 21 

 (g) At the time of execution of this Agreement, the Initial Purchasers shall have received from
each of Ernst & Young LLP, Schneider Downs & Co., Inc. and Grossman Yanak & Ford LLP a letter, in form and substance satisfactory to the Initial Purchasers, addressed to the Initial Purchasers and dated the date hereof
(i) confirming that they are independent public accountants within the meaning of the Securities Act and the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board and are in compliance with
the applicable requirements relating to the qualification of accountants under Rule 2-01 of Regulation S-X of the Commission and (ii) stating, as of the date hereof (or, with respect to matters involving changes or developments since the
respective dates as of which specified financial information is given in the Pricing Disclosure Package, as of a date not more than three days prior to the date hereof), the conclusions and findings of such firm with respect to the financial
information and (iii) covering such other matters as are ordinarily covered by accountants’ “comfort letters” to underwriters in connection with registered public offerings. 

(h) With respect to the letter of Ernst &Young LLP, Schneider Downs & Co., Inc. and Grossman Yanak & Ford
LLP referred to in the preceding paragraph and delivered to the Initial Purchasers concurrently with the execution of this Agreement (the “initial letter”), the Company shall have furnished to the Initial Purchasers a
“bring-down letter” of such accountants, addressed to the Initial Purchasers and dated the Closing Date (i) confirming that they are independent public accountants within the meaning of the Securities Act and the applicable rules and
regulations adopted by the Commission and the Public Company Accounting Oversight Board and are in compliance with the applicable requirements relating to the qualification of accountants under Rule 2-01 of Regulation S-X of the Commission,
(ii) stating, as of the Closing Date (or, with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in each of the Pricing Disclosure Package or the Offering
Memorandum, as of a date not more than three days prior to the date of the Closing Date), the conclusions and findings of such firm with respect to the financial information and other matters covered by the initial letter, and (iii) confirming
in all material respects the conclusions and findings set forth in the initial letter. 
 (i) Except as described in the
Pricing Disclosure Package and the Offering Memorandum (exclusive of any amendment or supplement thereto), (i) none of the Company Entities shall have sustained, since the date of the latest audited financial statements included or incorporated
by reference in the Pricing Disclosure Package and the Offering Memorandum, any loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or
governmental action, order or decree, or (ii) since such date, no Company Entities have declared or paid any dividend or distribution on its capital stock, partnership or limited liability interests, as applicable, nor has there been any change
in the capital stock, partnership or limited liability interests, as applicable, or long-term debt of the Company Entities, considered as one entity, or any change, or any development involving a prospective change, in or affecting the condition
(financial or otherwise), results of operations, stockholders’ equity, properties, management, business or prospects of the Company Entities, taken as a whole, the effect of which, in any such case described in clause (i) or (ii), is,

  
 22 

 
individually or in the aggregate, in the judgment of the Representative, so material and adverse as to make it impracticable or inadvisable to proceed with the offering, sale or the delivery of
the Notes being delivered on the Closing Date on the terms and in the manner contemplated in the Pricing Disclosure Package and the Offering Memorandum. 

(j) At the time of execution of this Agreement, the Initial Purchasers shall have received from each of Netherland, Sewell and Associates, Inc.
and Wright & Company, Inc. an initial letter (the “initial expert letter”), in form and substance satisfactory to the Initial Purchasers, addressed to the Initial Purchasers and dated the date hereof and a subsequent
letter dated as of the Closing Date, which such letter shall cover the period from any initial expert letter to the Closing Date, confirming that they are independent with respect to the Company and stating the conclusions and findings of such firm
with respect to the reserve and other operational information and other matters as is customary to initial purchasers in connection with similar transactions. 

(k) The Company shall have furnished to the Representative on the date hereof a certificate, signed by the Chief Financial Officer
substantially in the form set forth on Exhibit C hereto (the “Initial CFO Certificate”). At the Closing, the Representative shall have received from the Chief Financial Officer a certificate (the “Bring-Down CFO
Certificate”) (i) stating, as of the date of the Bring-Down CFO Certificate, the conclusions and findings of the Chief Financial Officer with respect to the financial information and other matters covered by the Initial CFO
Certificate and (ii) confirming in all material respects the conclusions and findings set forth in the Initial CFO Certificate. 
 (l)
Each of the Company Parties shall have furnished or caused to be furnished to the Initial Purchasers dated as of the Closing Date a certificate of the Chief Executive Officer and Chief Financial Officer of each of the Company Parties, or other
officers satisfactory to the Initial Purchasers, as to such matters as the Representative may reasonably request, including, without limitation, a statement: 

(i) That the representations and warranties of the Company Parties in Section 2 are true and correct on and as of the
Closing Date, and the Company satisfied all the conditions on its part to be performed or satisfied hereunder at or prior to the Closing Date; 

(ii) That they have examined the Pricing Disclosure Package and the Offering Memorandum, and, in their opinion, (A) the
Pricing Disclosure Package, as of the Applicable Time, and the Offering Memorandum, as of its date and as of the Closing Date, did not and do not contain any untrue statement of a material fact and did not and do not omit to state a material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading and (B) since the date of the Pricing Disclosure Package and the Offering Memorandum, no event has occurred which should have
been set forth in a supplement or amendment to the Pricing Disclosure Package and the Offering Memorandum; and 

  
 23 

 (iii) To the effect of Section 7(i) (provided that no representation
with respect to the judgment of the Representative need be made) and Section 7(m). 
 (m) Subsequent to the earlier of the Applicable
Time and the execution and delivery of this Agreement there shall not have occurred any of the following: (i) downgrading shall have occurred in the rating accorded the Company’s debt securities by any “nationally recognized
statistical rating organization,” as that term is used by the Commission in Section 15E under the Exchange Act, or (ii) such organization shall have publicly announced that it has under surveillance or review, with possible negative
implications, its rating of any of the Company’s debt securities. 
 (n) The Notes shall be eligible for clearance and settlement
through DTC. 
 (o) The Company Parties shall have executed and delivered the Registration Rights Agreement, and the Initial Purchasers shall
have received an original copy thereof, duly executed by the Company Parties. 
 (p) The Company Parties and the Trustee shall have executed
and delivered the Indenture, and the Initial Purchasers shall have received an original copy thereof, duly executed by the Company Parties and the Trustee. 

(q) Subsequent to the earlier of the Applicable Time and the execution and delivery of this Agreement there shall not have occurred any of the
following: (i) (A) trading in securities generally on any securities exchange that has registered with the Commission under Section 6 of the Exchange Act (including the New York Stock Exchange, The NASDAQ Global Select Market, The
NASDAQ Global Market or The NASDAQ Capital Market), or (B) trading in any securities of the Company on any exchange or in the over-the-counter market, shall have been suspended or materially limited or the settlement of such trading generally
shall have been materially disrupted or minimum prices shall have been established on any such exchange or such market by the Commission, by such exchange or by any other regulatory body or governmental authority having jurisdiction, (ii) a
general moratorium on commercial banking activities shall have been declared by federal or state authorities, (iii) the United States shall have become engaged in hostilities, there shall have been an escalation in hostilities involving the
United States or there shall have been a declaration of a national emergency or war by the United States, or (iv) there shall have occurred such a material adverse change in general economic, political or financial conditions, including,
without limitation, as a result of terrorist activities after the date hereof (or the effect of international conditions on the financial markets in the United States shall be such), as to make it, in the judgment of the Representative,
impracticable or inadvisable to proceed with the offering, sale or delivery of the Notes being delivered on the Closing Date on the terms and in the manner contemplated in the Offering Memorandum or that, in the judgment of the Representative, could
materially and adversely affect the financial markets or the markets for the Notes and other debt securities. 
 (r) There shall exist at and
as of the Closing Date no condition that would constitute a default (or an event that with notice or the lapse of time, or both, would constitute a default) under the Indenture as in effect at the Closing Date (or an event that with notice or lapse
of time, or both, would constitute such a default or material breach). 

  
 24 

 (s) On or prior to the Closing Date, the Company Parties shall have furnished to the Initial
Purchasers such further certificates and documents as the Initial Purchasers may reasonably request. 
 All opinions, letters, evidence and
certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Initial Purchasers. 

8. Indemnification and Contribution. 

(a) Each of the Company Parties, jointly and severally, hereby agrees to indemnify and hold harmless each Initial Purchaser, its affiliates,
directors, officers, employees and agents and each person, if any, who controls any Initial Purchaser within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any loss, claim, damage or
liability, joint or several, or any action in respect thereof (including, but not limited to, any loss, claim, damage, liability or action relating to purchases and sales of Notes), to which that Initial Purchaser, affiliate, director, officer,
employee, agent or controlling person may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability or action arises out of, or is based upon, (i) any untrue statement or alleged untrue statement of a
material fact contained in (A) any Free Writing Offering Document, the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum or in any amendment or supplement thereto, (B) any Blue Sky application or
other document prepared or executed by any of the Company Parties (or based upon any written information furnished by the any of the Company Parties) specifically for the purpose of qualifying any or all of the Notes under the securities laws of any
state or other jurisdiction (any such application, document or information being hereinafter called a “Blue Sky Application”), or (C) any materials or information provided to investors by, or with the approval of, any of
the Company Parties in connection with the marketing of the offering of the Notes (“Marketing Materials”), including any road show or investor presentations made to investors by the Company (whether in person or
electronically), or (ii) the omission or alleged omission to state in any Free Writing Offering Document, the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum, or in any amendment or supplement thereto,
or in any Blue Sky Application or in any Marketing Materials, any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, and shall reimburse each Initial
Purchaser and each such affiliate, director, officer, employee, agent or controlling person promptly upon demand for any legal or other expenses reasonably incurred by that Initial Purchaser, affiliate, director, officer, employee, agent or
controlling person in connection with investigating or defending or preparing to defend against any such loss, claim, damage, liability or action as such expenses are incurred; provided, however, that the Company Parties shall not be
liable in any such case to the extent that any such loss, claim, damage, liability or action arises out of, or is based upon, any untrue statement or alleged untrue statement or omission or alleged omission made in any Preliminary Offering
Memorandum, the Pricing Disclosure Package or Offering Memorandum, or in any such amendment or supplement thereto, or in any Blue Sky Application or in any Marketing Materials, in reliance upon and in conformity with written information concerning
such Initial Purchaser furnished to the Company through the Representative by or on behalf of any Initial Purchaser specifically for inclusion therein, which information consists solely of the information

  
 25 

 
specified in Section 8(e). The foregoing indemnity agreement is in addition to any liability that the any of the Company Parties may otherwise have to any Initial Purchaser or to any
affiliate, director, officer, employee, agent or controlling person of that Initial Purchaser. 
 (b) Each Initial Purchaser, severally and
not jointly, hereby agrees to indemnify and hold harmless each Company Party, their respective directors, officers and employees, and each person, if any, who controls any of the Company Parties within the meaning of Section 15 of the
Securities Act or Section 20 of the Exchange Act, from and against any loss, claim, damage or liability, joint or several, or any action in respect thereof, to which the Company Parties or any such director, officer, employee, agent or
controlling person may become subject, under the Securities Act or otherwise, insofar as such loss, claim, damage, liability or action arises out of, or is based upon, (i) any untrue statement or alleged untrue statement of a material fact
contained (A) in any Free Writing Offering Document, Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum or in any amendment or supplement thereto, (B) in any Blue Sky Application, or (C) in any
Marketing Materials, or (ii) the omission or alleged omission to state in any Free Writing Offering Document, Preliminary Offering Memorandum, the Pricing Disclosure Package or the Offering Memorandum, or in any amendment or supplement thereto,
or in any Blue Sky Application or in any Marketing Materials any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, but in each case only to the extent that
the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance upon and in conformity with written information concerning such Initial Purchaser furnished to the Company through the Representative by or on
behalf of that Initial Purchaser specifically for inclusion therein, which information is limited to the information set forth in Section 8(e). The foregoing indemnity agreement is in addition to any liability that any Initial Purchaser may
otherwise have to the Company Parties or any such director, officer, employee or controlling person. 
 (c) Promptly after receipt by an
indemnified party under this Section 8 of notice of any claim or the commencement of any action, the indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under this Section 8, notify the
indemnifying party in writing of the claim or the commencement of that action; provided, however, that the failure to notify the indemnifying party shall not relieve it from any liability that it may have under paragraphs (a) or
(b) above except to the extent it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure and; provided, further, that the failure to notify the indemnifying party shall not
relieve it from any liability that it may have to an indemnified party otherwise than under paragraphs (a) or (b) above. If any such claim or action shall be brought against an indemnified party, and it shall notify the indemnifying party
thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it wishes, jointly with any other similarly notified indemnifying party, to assume the defense thereof with counsel reasonably satisfactory to the
indemnified party. After notice from the indemnifying party to the indemnified party of its election to assume the defense of such claim or action, the indemnifying party shall not be liable to the indemnified party under this Section 8 for any
legal or other expenses subsequently incurred by the indemnified party in connection with the defense thereof other than reasonable costs of investigation; provided, however, that the Initial Purchasers shall have the right to employ
counsel to represent jointly the Initial Purchasers and their respective directors, officers, 

  
 26 

 
employees and controlling persons who may be subject to liability arising out of any claim in respect of which indemnity may be sought by the Initial Purchasers against any Company Party under
this Section 8, if (i) the Company Parties and the Initial Purchasers shall have so mutually agreed; (ii) the Company Parties have failed within a reasonable time to retain counsel reasonably satisfactory to the Initial Purchasers;
(iii) the Initial Purchasers and their respective directors, officers, employees and controlling persons shall have reasonably concluded, based on the advice of counsel, that there may be legal defenses available to them that are different from
or in addition to those available to the Company Parties; or (iv) the named parties in any such proceeding (including any impleaded parties) include both the Initial Purchasers or their respective directors, officers, employees or controlling
persons, on the one hand, and the Company Parties, on the other hand, and representation of both sets of parties by the same counsel would present a conflict due to actual or potential differing interests between them, and in any such event the fees
and expenses of such separate counsel shall be paid by the Company Parties and the Company and the Guarantors shall no longer have the right to assume the defense of any such claim or action. No indemnifying party shall (x) without the prior
written consent of the indemnified parties (which consent shall not be unreasonably withheld), settle or compromise or consent to the entry of any judgment with respect to any pending or threatened claim, action, suit or proceeding in respect of
which indemnification or contribution may be sought hereunder (whether or not the indemnified parties are actual or potential parties to such claim or action) unless such settlement, compromise or consent includes an unconditional release of each
indemnified party, in form and substance reasonably satisfactory to such indemnified party, from all liability arising out of such claim, action, suit or proceeding and does not include a statement as to, or an admission of fault, culpability or a
failure to act by or on behalf of any indemnified party, or (y) be liable for any settlement of any such action effected without its written consent (which consent shall not be unreasonably withheld), but if settled with the consent of the
indemnifying party or if there be a final judgment of the plaintiff in any such action, the indemnifying party agrees to indemnify and hold harmless any indemnified party from and against any loss or liability by reason of such settlement or
judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by Section 8(a) or
(b) hereof, the indemnifying party agrees that it shall be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 60 days after receipt by such indemnifying party
of the aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified party in accordance with such request or disputed in good faith the indemnified party’s entitlement to such reimbursement prior to the date
of such settlement. 
 (d) If the indemnification provided for in this Section 8 shall for any reason be unavailable to or insufficient
to hold harmless an indemnified party under Section 8(a) or 8(b) in respect of any loss, claim, damage or liability, or any action in respect thereof, referred to therein, then each indemnifying party shall, in lieu of indemnifying such
indemnified party, contribute to the amount paid or payable by such indemnified party as a result of such loss, claim, damage or liability, or action in respect thereof, (i) in such proportion as shall be appropriate to reflect the relative
benefits received by the Company Parties, on the one hand, and the Initial Purchasers, on the other, from the offering of the Notes, or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such
proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the 

  
 27 

 
relative fault of the Company Parties, on the one hand, and the Initial Purchasers, on the other, with respect to the statements or omissions that resulted in such loss, claim, damage or
liability, or action in respect thereof, as well as any other relevant equitable considerations. The relative benefits received by the Company Parties, on the one hand, and the Initial Purchasers, on the other, with respect to such offering shall be
deemed to be in the same proportion as the total net proceeds from the offering of the Notes purchased under this Agreement (before deducting expenses) received by the Company Parties, on the one hand, and the total discounts and commissions
received by the Initial Purchasers with respect to the Notes purchased under this Agreement, on the other hand, bear to the total gross proceeds from the offering of the Notes under this Agreement as set forth on the cover page of the Offering
Memorandum. The relative fault shall be determined by reference to whether the untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information supplied by the Company Parties, or
the Initial Purchasers, the intent of the parties and their relative knowledge, access to information and opportunity to correct or prevent such statement or omission. For purposes of the preceding two sentences, the net proceeds deemed to be
received by the Company shall be deemed to be also for the benefit of the Guarantors, and information supplied by the Company shall also be deemed to have been supplied by the Guarantors. The Company Parties and the Initial Purchasers agree that it
would not be just and equitable if contributions pursuant to this Section 8(d) were to be determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation that
does not take into account the equitable considerations referred to herein. The amount paid or payable by an indemnified party as a result of the loss, claim, damage or liability, or action in respect thereof, referred to above in this
Section 8(d) shall be deemed to include, for purposes of this Section 8(d), any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding
the provisions of this Section 8(d), no Initial Purchaser shall be required to contribute any amount in excess of the amount by which the net proceeds from the sale to Eligible Purchasers of the Notes initially purchased by it exceeds the
amount of any damages that such Initial Purchaser has otherwise paid or become liable to pay by reason of any untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute as provided in this Section 8(d) are
several in proportion to their respective purchase obligations and not joint. 
 (e) The Initial Purchasers severally confirm that the
statements with respect to the offering of the Notes by the Initial Purchasers set forth in the last paragraph on the front cover of the Offering Memorandum and in the sixth paragraph of the section entitled “Plan of Distribution” in the
Pricing Disclosure Package and the Offering Memorandum are correct and constitute the only information concerning such Initial Purchasers furnished in writing to the Company Parties by or on behalf of the Initial Purchasers specifically for
inclusion in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Offering Memorandum or in any amendment or supplement thereto or in any Blue Sky Application or in any Marketing Materials. 

  
 28 

 9. Defaulting Initial Purchasers. 

(a) If, on the Closing Date, any Initial Purchaser defaults in its obligations to purchase the Notes that it has agreed to purchase under this
Agreement, the remaining non-defaulting Initial Purchasers may in their discretion arrange for the purchase of such Notes by the non-defaulting Initial Purchasers or other persons satisfactory to the Company on the terms contained in this Agreement.
If, within 36 hours after any such default by any Initial Purchaser, the non-defaulting Initial Purchasers do not arrange for the purchase of such Notes, then the Company shall be entitled to a further period of 36 hours within which to procure
other persons satisfactory to the non-defaulting Initial Purchasers to purchase such Notes on such terms. In the event that within the respective prescribed periods, the non-defaulting Initial Purchasers notify the Company that they have so arranged
for the purchase of such Notes, or the Company notifies the non-defaulting Initial Purchasers that it has so arranged for the purchase of such Notes, either the non-defaulting Initial Purchasers or the Company may postpone the Closing Date for up to
seven full business days in order to effect any changes that in the opinion of counsel for the Company or counsel for the Initial Purchasers may be necessary in the Pricing Disclosure Package, the Offering Memorandum or in any other document or
arrangement, and the Company agrees to promptly prepare any amendment or supplement to the Pricing Disclosure Package or the Offering Memorandum that effects any such changes. As used in this Agreement, the term “Initial Purchaser”
includes, for all purposes of this Agreement unless the context requires otherwise, any party not listed in Schedule I hereto that, pursuant to this Section 9, purchases Notes that a defaulting Initial Purchaser agreed but failed to purchase.

 (b) If, after giving effect to any arrangements for the purchase of the Notes of a defaulting Initial Purchaser or Initial Purchasers by
the non-defaulting Initial Purchasers and the Company as provided in paragraph (a) above, the aggregate principal amount of such Notes that remains unpurchased does not exceed one-eleventh of the aggregate principal amount of all the Notes,
then the Company shall have the right to require each non-defaulting Initial Purchaser to purchase the principal amount of Notes that such Initial Purchaser agreed to purchase hereunder plus such Initial Purchaser’s pro rata share
(based on the principal amount of Notes that such Initial Purchaser agreed to purchase hereunder) of the Notes of such defaulting Initial Purchaser or Initial Purchasers for which such arrangements have not been made; provided that the
non-defaulting Initial Purchasers shall not be obligated to purchase more than 110% of the aggregate principal amount of Notes that they agreed to purchase on the Closing Date pursuant to the terms of Section 3. 

(c) If, after giving effect to any arrangements for the purchase of the Notes of a defaulting Initial Purchaser or Initial Purchasers by the
non-defaulting Initial Purchasers and the Company as provided in paragraph (a) above, the aggregate principal amount of such Notes that remains unpurchased exceeds one-eleventh of the aggregate principal amount of all the Notes, or if the
Company shall not exercise the right described in paragraph (b) above, then this Agreement shall terminate without liability on the part of the non-defaulting Initial Purchasers. Any termination of this Agreement pursuant to this Section 9
shall be without liability on the part of the Company Parties, except that each of the Company Parties will continue to be liable for the payment of expenses as set forth in Sections 6 and 11 and except that the provisions of Section 8
shall not terminate and shall remain in effect. 

  
 29 

 (d) Nothing contained herein shall relieve a defaulting Initial Purchaser of any liability it may
have to the Company Parties or any non-defaulting Initial Purchaser for damages caused by its default. 
 10. Termination. The
obligations of the Initial Purchasers hereunder may be terminated by the Initial Purchasers by notice given to and received by the Company prior to delivery of and payment for the Notes if, prior to that time, any of the events described in Sections
7(h), (l) or (p) shall have occurred or if the Initial Purchasers shall decline to purchase the Notes for any reason permitted under this Agreement. 

11. Reimbursement of Initial Purchasers’ Expenses. If (a) the Company for any reason fails to tender the Notes for delivery
to the Initial Purchasers, or (b) the Initial Purchasers decline to purchase the Notes for any reason permitted under this Agreement, the Company Parties shall reimburse the Initial Purchasers for all reasonable out-of-pocket expenses
(including fees and disbursements of counsel for the Initial Purchasers) incurred by the Initial Purchasers in connection with this Agreement and the proposed purchase of the Notes, and upon demand the Company Parties shall pay the full amount
thereof to the Initial Purchasers. Notwithstanding the foregoing, if this Agreement is terminated pursuant to Section 9 or the purchase of the Notes is not consummated as a result of the occurrence of any of the events described in
Section 7(q) (other than the occurrence of an event described in Section 7(q)(i)(B)), the Company Parties shall not be obligated to reimburse any defaulting Initial Purchaser on account of those expenses. 

12. Notices, etc. All statements, requests, notices and agreements hereunder shall be in writing, and: 

(a) if to any Initial Purchasers, shall be delivered or sent by hand delivery, mail, overnight courier or facsimile transmission to Barclays
Capital Inc., 745 Seventh Avenue, New York, New York 10019, Attention: Syndicate Registration (Fax: 646.834.8133) with a copy to Baker Botts L.L.P., Attention: Gerald M. Spedale (Fax: 713.229.7734), and with a copy, in the case of any notice
pursuant to Section 8(c), to the Director of Litigation, Office of the General Counsel, Barclays Capital Inc., 745 Seventh Ave., New York, New York 10019; 

(b) if to the Company Parties, shall be delivered or sent by mail, telex, overnight courier or facsimile transmission to Rice Energy Inc., 171
Hillpointe Drive, Suite 301, Canonsburg, PA 15317 Attention: William E. Jordan (Fax: 724.746.6725), with a copy to Vinson & Elkins L.L.P., 1001 Fannin, Suite 2500, Houston, Texas 77002, Attention: Douglas E. McWilliams (Fax: 713.615.5725);

 Any such statements, requests, notices or agreements shall take effect at the time of receipt thereof. The Company shall be entitled to act and rely upon
any request, consent, notice or agreement given or made on behalf of the Initial Purchasers by the Representative. 
 13. Persons
Entitled to Benefit of Agreement. This Agreement shall inure to the benefit of and be binding upon the Initial Purchasers, the Company Parties and their respective successors. This Agreement and the terms and provisions hereof are for the sole
benefit of only those persons, except that the representations, warranties, indemnitees and agreements of the Company Parties contained in this Agreement shall also be deemed to be for the benefit of

  
 30 

 
affiliates, directors, officers, employees and agents of the Initial Purchasers and each person or persons, if any, controlling any Initial Purchaser within the meaning of Section 15 of the
Securities Act. Nothing in this Agreement is intended or shall be construed to give any person, other than the persons referred to in this Section 13, any legal or equitable right, remedy or claim under or in respect of this Agreement or any
provision contained herein. 
 14. Survival. The respective indemnities, rights of contribution, representations, and warranties of
the Company Parties and the Initial Purchasers contained in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall survive the delivery of and payment for the Notes and shall remain in full force and effect,
regardless of any termination of this Agreement or any investigation made by or on behalf of any of them or any person controlling any of them. 

15. Definition of the Terms “Business Day”, “Affiliate”, and “Subsidiary”. For purposes of this
Agreement, (a) “business day” means any day on which the New York Stock Exchange, Inc. is open for trading, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities
Act. 
 16. Governing Law & Venue. This Agreement and any claim, controversy or dispute arising under or related to this
Agreement shall be governed by and construed in accordance with the laws of the State of New York. Each of the Company Parties and each of the Initial Purchasers agree that any suit, action or proceeding arising out of or based upon this
Agreement or the transactions contemplated hereby may be instituted in any State or U.S. federal court in The City of New York and County of New York, and waives any objection that such party may now or hereafter have to the laying of venue of any
such proceeding, and irrevocably submits to the exclusive jurisdiction of such courts in any suit, action or proceeding. 
 17. Waiver of
Jury Trial. Each of the Company Parties and the Initial Purchasers hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this
Agreement or the transactions contemplated hereby. 
 18. No Fiduciary Duty. The Company Parties acknowledges and agrees that in
connection with this offering, or any other services the Initial Purchasers may be deemed to be providing hereunder, notwithstanding any preexisting relationship, advisory or otherwise, between the parties or any oral representations or assurances
previously or subsequently made by the Initial Purchasers: (a) no fiduciary or agency relationship between any of the Company Parties and any other person, on the one hand, and the Initial Purchasers, on the other, exists; (b) the Initial
Purchasers are not acting as advisor, expert or otherwise, to the Company Parties, including, without limitation, with respect to the determination of the purchase price of the Notes, and such relationship between the Company Parties, on the one
hand, and the Initial Purchasers, on the other, is entirely and solely commercial, based on arms-length negotiations; (c) any duties and obligations that the Initial Purchasers may have to the Company Parties shall be limited to those duties
and obligations specifically stated herein; (d) the Initial Purchasers and their respective affiliates may have interests that differ from those of the Company Parties; and (e) the Company Parties have consulted their own legal and
financial advisors to the extent they deemed appropriate. The Company Parties hereby waive any claims that the Company Parties may have against the Initial Purchasers with respect to any breach of fiduciary duty in connection with the Notes. 

  
 31 

 19. Counterparts. This Agreement may be executed in one or more counterparts and, if
executed in more than one counterpart, the executed counterparts shall each be deemed to be an original but all such counterparts shall together constitute one and the same instrument. 

20. Headings. The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the
meaning or interpretation of, this Agreement. 

  
 32 

 If the foregoing correctly sets forth the agreement among the Company Parties, and the Initial
Purchasers, please indicate your acceptance in the space provided for that purpose below. 
  

			
	Very truly yours,
	
	COMPANY:
	
	RICE ENERGY INC.
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	GUARANTORS:
	
	RICE ENERGY APPALACHIA, LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	RICE DRILLING B LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	RICE DRILLING C LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	RICE DRILLING D LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	RICE POSEIDON MIDSTREAM LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer

  
 33 

 
			
	RICE OLYMPUS MIDSTREAM LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	BLUE TIGER OILFIELD SERVICES LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	ALPHA SHALE HOLDINGS, LLC
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer
	
	ALPHA SHALE RESOURCES, LP
		
	By	 	 /s/ Daniel J. Rice IV

		 	Name: Daniel J. Rice IV
		 	Title: Chief Executive Officer

  
 34 

 Accepted: 

BARCLAYS CAPITAL INC. 

By BARCLAYS CAPITAL INC., as Authorized Representative 

			
		
	By	 	 /s/ Kevin Crealese

		 	Name: Kevin Crealese
		 	Title: Managing Director

  
 35 

 SCHEDULE I 
  

					
	 Initial Purchasers
	  	Principal
Amount of
Notes to be
Purchased	 
	 Barclays Capital Inc
	  	$	315,000,000	  
	 Wells Fargo Securities, LLC
	  	 	153,000,000	  
	 Goldman, Sachs & Co.
	  	 	99,000,000	  
	 Citigroup Global Markets Inc.
	  	 	99,000,000	  
	 RBC Capital Markets, LLC
	  	 	99,000,000	  
	 BMO Capital Markets Corp.
	  	 	63,000,000	  
	 Comerica Securities, Inc.
	  	 	36,000,000	  
	 Fifth Third Securities, Inc.
	  	 	36,000,000	  
		  	  
	  
	 
	 Total
	  	$	900,000,000	  
		  	  
	  
	 

 SCHEDULE II 

LIST OF GUARANTORS 
 Rice Energy Appalachia, LLC

 Rice Drilling B LLC 
 Rice Drilling C LLC 

Rice Drilling D LLC 
 Rice Poseidon Midstream LLC 

Rice Olympus Midstream LLC 
 Blue Tiger Oilfield Services LLC 

Alpha Shale Holdings, LLC 
 Alpha Shale Resources, LP 

 SCHEDULE III 
  

 
 Rice Energy Inc. 

$900,000,000 6.250% Senior Notes due 2022 

April 16, 2014 
 Term
Sheet 
 Term Sheet dated April 16, 2014 to the Preliminary Offering Memorandum dated April 11, 2014 of Rice Energy Inc. This Term Sheet is
qualified in its entirety by reference to the Preliminary Offering Memorandum. The information in this Term Sheet supplements the Preliminary Offering Memorandum and supersedes the information in the Preliminary Offering Memorandum to the extent it
is inconsistent with the information in the Preliminary Offering Memorandum. Capitalized terms used in this Term Sheet but not defined have the meanings given them in the Preliminary Offering Memorandum. Other information presented in the
Preliminary Offering Memorandum is deemed to have changed to the extent affected by the changes described herein. 
  

			
		
	 Issuer
	  	Rice Energy Inc.
		
	 Title of Securities
	  	6.250% Senior Notes due 2022 (the “Notes”)
		
	 Aggregate Principal Amount
	  	$900,000,000, increased from $750,000,000
		
	 Distribution
	  	144A/Regulation S with Registration Rights
		
	 Maturity Date
	  	May 1, 2022
		
	 Issue Price
	  	100.00%
		
	 Net Proceeds
	  	Approximately $882.7 million
		
	 Coupon
	  	6.250%
		
	 Yield to Maturity
	  	6.250%
		
	 Benchmark Treasury
	  	1.750% due May 15, 2022
		
	 Spread to Benchmark Treasury
	  	382 basis points
		
	 Interest Payment Dates
	  	May 1 and November 1 of each year, beginning on November 1, 2014
		
	 Ratings*
	  	B3 (Moody’s)/CCC+ (S&P)
		
	 Trade Date
	  	April 16, 2014
		
	Settlement Date	  	April 25, 2014 (T+7)
		
		  	We expect that delivery of the Notes will be made against payment therefor on or about the seventh business day following the date of confirmation of orders with respect to the Notes (this settlement cycle being referred to as
“T+7”). Under Rule 15c6-1 of the Commission under the Exchange Act, trades in the secondary market

  
 1 

					
		  	generally are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes before the Notes are delivered will be
required, by virtue of the fact that the Notes initially will settle in T+7, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes before their
delivery should consult their own advisor.
		
	 Make-Whole Redemption
	  	Make-whole redemption at Treasury Rate + 50 basis points prior to May 1, 2017
		
	 Optional Redemption
	  	On or after May 1, 2017 at the following redemption prices (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, on the Notes redeemed during the twelve-month period indicated
beginning on May 1 of the years indicated below:

  

					
	 Year
	  	Price	 
	 2017
	  	 	104.688	% 
	 2018
	  	 	103.125	% 
	 2019
	  	 	101.563	% 
	 2020 and thereafter
	  	 	100.000	% 

  

					
	 Equity Clawback
	  	Up to 35% at 106.250% plus accrued and unpaid interest prior to May 1, 2017
		
	 Change of Control
	  	101% plus accrued and unpaid interest
		
	 Joint Book-Running Managers
	  	 Barclays Capital Inc.
  

Wells Fargo Securities, LLC
  

Goldman, Sachs & Co.
  

Citigroup Global Markets Inc.
  

RBC Capital Markets, LLC

		
	 Senior Co-Manager
	  	BMO Capital Markets Corp.
		
	 Co-Managers
	  	 Comerica Securities, Inc.
  

Fifth Third Securities, Inc.

		
	 CUSIP Numbers
	  	 Rule 144A: 762760AA4
  

Regulation S: U76467AA4

		
	 ISIN Numbers
	  	 Rule 144A: US762760AA45
  

Regulation S: USU76467AA49

		
	 Denominations
	  	Minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof

  

	*	Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. 

This material is strictly confidential and has been prepared by the Issuer solely for use in connection with the proposed offering of the securities
described in the Preliminary Offering Memorandum. This material is personal to each offeree and does not constitute an offer to any other person or the public generally to subscribe for or otherwise acquire the securities. Please refer to the
Preliminary Offering Memorandum for a complete description. 
 The securities have not been registered under the Securities Act of 1933, as amended
(the “Securities Act”), and are being offered only to (1) “qualified institutional buyers” as defined in Rule 144A under the Securities Act and (2) outside the United States to non-U.S. persons in compliance with
Regulation S under the Securities Act, and this communication is only being distributed to such persons. 

  
 2 

 This communication is not an offer to sell the securities and it is not a solicitation of an offer to buy the
securities in any jurisdiction to any person to whom it is unlawful to make such offer or soliciation in such jurisdiction. 
 Any disclaimers or
notices that may appear on this Pricing Supplement below the text of this legend are not applicable to this Pricing Supplement and should be disregarded. Such disclaimers may have been electronically generated as a result of this Pricing Supplement
having been sent via, or posted on, Bloomberg or another electronic mail system. 

  
 3 

 SCHEDULE IV 
  

			
		
	A.	  	None.
		
	B.	  	Electronic roadshow as made available on http://www.netroadshow.com.

 SCHEDULE V 

LIST OF SUBSIDIARIES 
 Rice Energy Appalachia,
LLC 
 Rice Drilling B LLC 
 Rice Drilling C LLC 

Rice Drilling D LLC 
 Rice Poseidon Midstream LLC 

Rice Olympus Midstream LLC 
 Blue Tiger Oilfield Services LLC 

Alpha Shale Holdings, LLC 
 Alpha Shale Resources, LP 

Rice Drilling B Real Estate Holding LLC 

 Exhibit A 

Company Counsel Opinion 

Vinson & Elkins, LLP shall have furnished to the Initial Purchasers its written opinion, as counsel to the Company Parties, addressed to the
Initial Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to Barclays Capital Inc., to the effect that: 

(a) The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws of the
State of Delaware, with the corporate power and authority to own or lease, as the case may be, and to operate its properties and conduct its business as described in the Pricing Disclosure Package and Offering Memorandum; and is duly qualified to do
business as a foreign corporation and is in good standing in each jurisdiction set forth opposite its name on Schedule 1. 

(b) Each of the subsidiaries of the Company set forth on Schedule 2 (the “Delaware Guarantors”)
is validly existing and in good standing under the laws of the State of Delaware, with limited liability company or limited partnership, as appropriate, power and authority to own or lease its properties and conduct its business as described in the
Pricing Disclosure Package and Offering Memorandum and each of the Guarantors is duly qualified to do business as a foreign limited liability company or limited partnership, as the case may be, and is in good standing in each jurisdiction set forth
opposite such Guarantor’s name on Schedule 2; and all of the issued and outstanding capital stock and other equity interests of each of the Guarantors is owned by the Company, or another subsidiary of the Company, as applicable, free and
clear of all liens, encumbrances, equities or claims in respect of which a financing statement under the Uniform Commercial Code of the State of Delaware naming the Company or such other subsidiary, as applicable, as debtor, is on file in the office
of the Secretary of State of the State of Delaware, other than pledges of such capital stock or other equity interests in connection with (i) the Third Amended and Restated Credit Agreement, dated as of April 10, 2014, as amended, among
Rice Energy Inc., as borrower, Rice Drilling B LLC, as predecessor borrower, Wells Fargo Bank, N.A., as administrative agent, and the lenders and other parties thereto (the “Credit Facility”) and (ii) the Senior Secured
Term Loan Credit Agreement, dated as of April 25, 2013, as amended, among Rice Drilling B LLC, as borrower, Barclays Bank PLC, as administrative agent and the lenders party thereto (the “Term Loan Facility”), each as
described in the Pricing Disclosure Package and Offering Memorandum. 
 (c) The Indenture has been duly authorized, executed
and delivered by the Company and each of the Delaware Guarantors and, when duly authorized, executed and delivered by Rice Drilling C, LLC and Countrywide Energy Services, LLC (the “Other Guarantors”) and the other parties
thereto, will constitute a valid and legally binding agreement of the Company and each of the Guarantors enforceable against the Company and each of the Guarantors in accordance with its terms, provided that the enforceability thereof is subject to
(i) the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, (ii) general equitable principles (whether considered in a
proceeding in equity or at law) and (iii) an implied covenant of good faith and fair dealing (the “Enforceability Exceptions”). 

  
 ANNEX A-1

 (d) The Notes have been duly authorized, executed and delivered by the Company
and, assuming due authentication of the Notes by the Trustee and upon payment and delivery in accordance with this Agreement, will constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with
their terms, except as such enforceability may be limited by the Enforceability Exceptions, and entitled to the benefits of the Indenture. 

(e) The Guarantees have been duly authorized, executed and delivered by the Delaware Guarantors and, assuming the Guarantees
have been duly authorized, executed and delivered by the Other Guarantors and assuming due authentication of the Notes by the Trustee and upon payment and delivery in accordance with this Agreement, will constitute valid and legally binding
obligations of the Guarantors, enforceable against the Guarantors in accordance with their terms, except as such enforceability may be limited by the Enforceability Exceptions, and entitled to the benefits of the Indenture. 

(f) The Exchange Notes have been duly authorized by the Company and, when duly executed, authenticated, issued and delivered as
contemplated by the Registration Rights Agreement and the Indenture, will be duly and validly issued and outstanding and will constitute valid and legally binding obligations of each of the Company, as issuer, enforceable against the Company in
accordance with their terms, except as such enforceability may be limited by the Enforceability Exceptions, and will be entitled to the benefits of the Indenture. 

(g) The Exchange Guarantees have been duly authorized by each of the Delaware Guarantors and, assuming the Exchange Guarantees
have been duly authorized by the Other Guarantors, when each global certificate representing the Exchange Notes has been duly executed, authenticated, issued and delivered as provided in the Registration Rights Agreement and the Indenture, the
Exchange Guarantees will be valid and legally binding obligations of each of the Guarantors, enforceable against each of the Guarantors in accordance with their terms, except as such enforceability may be limited by the Enforceability Exceptions,
and will be entitled to the benefits of the Indenture. 
 (h) The Purchase Agreement has been duly authorized, executed and
delivered by each of the Company and the Delaware Guarantors. 
 (i) The Registration Rights Agreement has been duly
authorized, executed and delivered by the Company and each of the Delaware Guarantors and, when duly executed and delivered by the Other Guarantors and the other parties thereto, constitutes a valid and legally binding obligation of each of the
Company and the Guarantors, enforceable against each of the Company and the Guarantors in accordance with its terms, except as such enforceability may be limited by the Enforceability Exceptions and except that the indemnity and contribution
provisions thereunder may be limited by applicable laws, general principles of equity and public policy. 

  
 ANNEX A-2

 (j) None of the issuance and sale of the Notes and the Guarantees, the execution,
delivery and performance of the Notes, the Guarantees, the Exchange Notes, the Exchange Guarantees, the Indenture, the Registration Rights Agreement and the Purchase Agreement by the Company Parties, or the repayment of all amounts outstanding under
the Term Loan with the proceeds as contemplated by the Pricing Disclosure Package or the consummation by each of them of the transactions contemplated thereby will (i) conflict with or result in a breach or violation of any of the terms or
provisions of, or constitute a default under, or result in the creation or imposition of any lien, charge, encumbrance, security interest, restriction on voting or transfer or any other claim of any third party upon and property or assets of each of
the Company and the Delaware Guarantors pursuant to, any indenture, mortgage, deed of trust, loan agreement, license, lease or other agreement or instrument listed in Annex A hereto1 ;
(ii) violate the provisions of the charter or by-laws (or similar organizational documents) of each of the Company and the Delaware Guarantors; or (iii) violate any federal, New York, Delaware or Texas statute, rule, regulation or order
applicable to each of the Company and the Delaware Guarantors except, with respect to clauses (i) or (iii), as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; it being understood that we
express no opinion in clause (iii) of this paragraph (j) with respect to any federal or state securities, Blue Sky or anti-fraud laws, rules or regulations. 

(k) Except as described in the Pricing Disclosure Package and the Offering Memorandum, no consent, approval, authorization or
order of, registration or qualification with any federal, Delaware, Texas or New York court or governmental agency is required to be obtained or made by the Company Parties for the execution, delivery and performance by the Company Parties of this
Agreement or the transactions contemplated by this Agreement in connection with the offering and the issue and sale of the Notes by the Company and the compliance by the Company Parties with all of the provisions of the Purchase Agreement, the
Registration Rights Agreement and the Indenture, except that it is understood that no opinion is given in this paragraph (k) with respect to any federal or state securities law or any rule or regulation issued pursuant to any federal or state
securities law and that any required consents, that if not obtained, have not or would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

(l) The statements made in each of the Pricing Disclosure Package and the Offering Memorandum under the captions
“Description of the Notes” (including in the case of the Pricing Disclosure Package, the information set forth in the Pricing Term Sheet), insofar as they purport to constitute summaries of the terms of the Notes, the Guarantees, the
Indenture, the Exchange Notes and the Exchange Guarantees and the Registration Rights Agreement are accurate in all material respects. 

(m) The Company is not, and, after giving effect to the offer and sale of the Notes and the application of the proceeds thereof
as described under “Use of Proceeds” in each of the Pricing Disclosure Package and the Offering Memorandum, will not be, an “investment company” as defined in the Investment Company Act. 

 

	1	This should include all document filed as exhibits to documents incorporated by reference. 

  
 ANNEX A-3

 (n) The statements included or incorporated by reference in the Pricing
Disclosure Package and the Final Offering Memorandum under the caption “Certain United States Federal Income Tax Considerations,” insofar as they purport to constitute summaries of the provisions of federal statutes, rules or regulations
are accurate in all material respects. 
 (o) Assuming the accuracy of the representations warranties and covenants of the
Company, the Guarantors and the Initial Purchasers contained herein, no registration of the issuance and sale of the Notes under the Securities Act of 1933, as amended, and no qualification of the Indenture under the Trust Indenture Act of 1939, as
amended, is required for the offer and sale of the Notes by the Issuers to the Initial Purchasers or for the initial reoffer and resale of the Notes by the Initial Purchasers to the initial purchasers therefrom solely in the manner contemplated by
the Pricing Disclosure Package, the Offering Memorandum, the Purchase Agreement and the Indenture. 
 (p) Each of the
documents incorporated by reference in the Pricing Disclosure Package or the Offering Memorandum (the “Incorporated Documents”) as of its respective filing date, appeared on its face to be appropriately responsive in all material respects
to the applicable form requirements for reports on Forms 10-K and 8-K and the applicable form requirements for registration statements on Form 8-A, as the case may be, under the Exchange Act, and the rules and regulations of the Commission
thereunder; it being understood, however, that we express no view with respect to Regulation S-T or the financial statements, schedules or other financial data or the oil and natural gas reserve and production information, included in, incorporated
by reference in or omitted from such reports, proxy statements and registration statements. For purposes of this paragraph, we have assumed that the statements made in the Incorporated Documents are correct and complete. 

Such counsel has participated in conferences with representatives of the Company and with representatives of its independent accountants and
counsel for the Initial Purchasers at which conferences the contents of the Pricing Disclosure Package and the Offering Memorandum and related matters were discussed and, responsibility for, or express opinion regarding (other than listed in
paragraphs (k) and (l) above) the accuracy, completeness or fairness of the statements contained in the Pricing Disclosure Package and the Offering Memorandum, based upon the participation described above (relying as to factual matters
upon statements of fact made to us by representatives of the Company) and nothing has come to our attention to cause us to believe that: 

(A) the Pricing Disclosure Package (other than the financial statements and notes or schedules thereto and the auditor’s
reports thereon, other financial or accounting data or information pertaining to hydrocarbon reserves, in each case contained in or incorporated by reference into or omitted from the Pricing Disclosure Package, as to which we express no opinion), as
of the Applicable Time, contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or 

  
 ANNEX A-4

 (B) the Offering Memorandum (other than the financial statements and notes or
schedules thereto and the auditor’s reports thereon, other financial or accounting data or information pertaining to hydrocarbon reserves, in each case contained in or incorporated by reference into or omitted from the Offering Memorandum, as
to which we express no opinion), as of its issue date and as of the Closing Date contained or contains an untrue statement of a material fact or omitted or omits to state a material fact necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading. 

  
 ANNEX A-5

 Exhibit B 

Local Counsel Opinion 
 Buchanan
Ingersoll & Rooney PC shall have furnished to the Initial Purchasers its written opinion, as special Pennsylvania counsel to the Company Parties, addressed to the Initial Purchasers and dated the Closing Date, in form and substance
reasonably satisfactory to Barclays Capital Inc., to the effect that: 
 (a) Each of Rice Drilling C, LLC
(“Rice Drilling C”) and Countrywide Energy Services, LLC (collectively, the “Pennsylvania Guarantors”) is validly existing and in good standing under the laws of the Commonwealth of Pennsylvania, with
limited liability company power and authority to own or lease its properties and conduct its business, each as described in the Pricing Disclosure Package and the Offering Memorandum and all of the issued and outstanding equity interests of Alpha
Shale Holdings, LLC and Alpha Shale Resources LP are owned of record by Rice Drilling C, free and clear of all liens, encumbrances, equities or claims in respect of which a financing statement under the Uniform Commercial Code of the State of
Pennsylvania naming the Rice Drilling C as debtor, is on file in the office of the Secretary of the Commonwealth of Pennsylvania, other than pledges of such equity interests in connection with (i) the Third Amended and Restated Credit
Agreement, dated as of April 10, 2014, as amended, among Rice Energy Inc., as borrower, Rice Drilling B LLC, as predecessor borrower, Wells Fargo Bank, N.A., as administrative agent, and the lenders and other parties thereto and (ii) the
Senior Secured Term Loan Credit Agreement, dated as of April 25, 2013, as amended, among Rice Drilling B LLC, as borrower, Barclays Bank PLC, as administrative agent and the lenders party thereto), each as described in the Pricing Disclosure
Package and Offering Memorandum. 
 (b) The Indenture has been duly authorized, executed and delivered by each of the
Pennsylvania Guarantors. 
 (c) The Guarantees have been duly authorized, executed and delivered by each of the Pennsylvania
Guarantors. 
 (d) The Exchange Guarantees have been duly authorized by each of Pennsylvania Guarantors. 

(e) The Purchase Agreement has been duly authorized, executed and delivered by each of the Pennsylvania Guarantors. 

(f) The Registration Rights Agreement has been duly authorized, executed and delivered by each of the Pennsylvania Guarantors.

 (g) None of the issuance and sale of the Guarantees nor the execution, delivery and performance of the Guarantees, the
Exchange Guarantees, the Indenture, the Registration Rights Agreement and the Purchase Agreement by the Pennsylvania Guarantors will (i) violate the provisions of the certificate of organization or operating agreement of each of the
Pennsylvania Guarantors; or (ii) violate any Pennsylvania 

  
 ANNEX B-1

 
statute, rule, regulation or order applicable to each of the Pennsylvania Guarantors except, with respect to clause (ii), as would not, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect; it being understood that we express no opinion in clause (ii) of this paragraph (g) with respect to any federal or state securities, Blue Sky or anti-fraud laws, rules or regulations. 

(h) Except as described in the Pricing Disclosure Package and the Offering Memorandum, no consent, approval, authorization or
order of, registration or qualification with any Pennsylvania court or governmental agency is required to be obtained or made by the Pennsylvania Guarantors for the execution, delivery and performance by the Pennsylvania Guarantors of the Purchase
Agreement or the transactions contemplated by the Purchase Agreement in connection with the compliance by the Pennsylvania Guarantors with all of the provisions of the Purchase Agreement, the Registration Rights Agreement and the Indenture
applicable to them, except that it is understood that no opinion is given in this paragraph (h) with respect to any federal or state securities law or any rule or regulation issued pursuant to any federal or state securities law and that any
required consents, that if not obtained, have not or would not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

  
 ANNEX B-2

 Exhibit C 

Certificate of the Chief Financial Officer 

The undersigned, in his capacity as the Vice President and Chief Financial Officer of the Company and Rice Drilling B LLC (“RDB”),
hereby certifies, pursuant to Section 7(k) of this Agreement, that he is familiar with the matters described herein and that: 

(i) as of December 31, 2013, the Company did not have any assets or liabilities other than those disclosed in the audited
balance sheet of the Company as of October 1, 2013 attached hereto. As of January 29, 2014, except for as disclosed in the pro forma financial statements and elsewhere in the Preliminary Offering Memorandum, RDB became a wholly owned
subsidiary of the Company and as of that date, on a consolidated basis, the assets and liabilities of the Company and RDB were substantially the same. Since January 29, 2014, the Company has not acquired any material assets or incurred any
material liabilities other than as disclosed in the Preliminary Offering Memorandum; and 
 (ii) the information included in
the Preliminary Offering Memorandum, Pricing Disclosure Package and Offering Memorandum under the caption “Summary—Recent Developments—Operational Update” is based on or derived from sources that the Company believes to be
reliable and accurate in all material respects and represents the Company’s good faith estimates that are made on the basis of data derived from such sources. 

  
 ANNEX C-1

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