SEC Contract Filing

Filing Date: 2020-09-09

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d31360dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PURCHASE AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">September&nbsp;8,
2020 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">BofA Securities, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Wells Fargo Securities, LLC
</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">As Representatives of the Initial Purchasers </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c/o BofA Securities, Inc. </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">One Bryant Park </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">New York, New York 10036 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">c/o Wells Fargo
Securities, LLC </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">550 South Tryon Street, 5th Floor </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:2%; font-size:10pt; font-family:Times New Roman">Charlotte, North Carolina 28202 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Ladies and
Gentlemen: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B><U>Introductory</U></B>. CNX Resources Corporation, a Delaware corporation (the &#147;<B><U>Company</U></B>&#148;),
proposes to issue and sell to the several Initial Purchasers named in <U>Schedule A</U> hereto (the &#147;<B><U>Initial Purchasers</U></B>&#148;), acting severally and not jointly, the respective amounts set forth in such <U>Schedule A</U> hereto of
$200,000,000 aggregate principal amount of the Company&#146;s 7.250% Senior Notes due 2027 (the &#147;<B><U>Notes</U></B>&#148;). BofA Securities, Inc. and Wells Fargo Securities, LLC have agreed to act as representatives of the several Initial
Purchasers (the &#147;<B><U>Representatives</U></B>&#148;) in connection with the offering and sale of the Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Securities (as
defined below) will be issued pursuant to an Indenture, dated as of March&nbsp;14, 2019 (the &#147;<B><U>Indenture</U></B>&#148;), among the Company, the Guarantors (as defined below) named therein as parties thereto and UMB Bank, N.A., as trustee
(in such capacity, the &#147;<B><U>Trustee</U></B>&#148;). The Company had previously issued $500,000,000 principal amount of its 7.250% Senior Notes due 2027 pursuant to the Indenture (the &#147;<B><U>Existing Securities</U></B>&#148;). The
Securities constitute &#147;Additional Securities&#148; under the Indenture. The Securities will have identical terms to the Existing Securities and will be treated as a single class of notes with the Existing Securities for all purposes under the
Indenture. The Notes will be issued only in book-entry form in the name of Cede&nbsp;&amp; Co., as nominee of The Depository Trust Company (&#147;<B><U>DTC</U></B>&#148;) pursuant to a letter of representations, to be dated on or before the Closing
Date (the &#147;<B><U>DTC Agreement</U></B>&#148;), among the Company, the Trustee and DTC. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The payment of principal of, premium, if any,
and interest on the Notes will be fully and unconditionally guaranteed (the &#147;<B><U>Guarantees</U></B>&#148;) on a senior unsecured basis, jointly and severally by (a)&nbsp;the entities listed on the signature pages hereof as
&#147;Guarantors&#148; (the &#147;<B><U>Current Guarantors</U></B>&#148;) and (b)&nbsp;any subsidiary of the Company formed or acquired after the Closing Date that is required to execute a supplemental indenture to provide a guarantee in accordance
with the terms of the Indenture, and their respective successors and assigns (collectively, the &#147;<B><U>Guarantors</U></B>&#148;). The Notes and the Guarantees are herein referred to as the &#147;<B><U>Securities</U></B>.&#148; </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Company understands that the Initial Purchasers propose to make an offering of the
Securities on the terms and in the manner set forth herein and in the Pricing Disclosure Package (as defined below) and agrees that the Initial Purchasers may resell, subject to the conditions set forth herein, all or a portion of the Securities to
purchasers (the &#147;<B><U>Subsequent Purchasers</U></B>&#148;) on the terms set forth in the Pricing Disclosure Package (the first time when sales of the Securities are made is referred to as the &#147;<B><U>Time of Sale</U></B>&#148;). The
Securities are to be offered and sold to or through the Initial Purchasers without being registered with the Securities and Exchange Commissio