<SUBMISSION>
<ACCESSION-NUMBER>0001193125-10-089017
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>5
<PERIOD>20100420
<ITEMS>2.01
<ITEMS>7.01
<ITEMS>9.01
<FILING-DATE>20100421
<DATE-OF-FILING-DATE-CHANGE>20100421
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ATLAS ENERGY, INC.
<CIK>0001279228
<ASSIGNED-SIC>4922
<IRS-NUMBER>510404430
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-32169
<FILM-NUMBER>10762376
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>WESTPOINTE CORPORATE CENTER ONE
<STREET2>1550 CORAOPOLIS HEIGHTS RD. 2ND. FLOOR
<CITY>MOONTOWNSHIP
<STATE>PA
<ZIP>15108
<PHONE>412-262-2830
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>WESTPOINTE CORPORATE CENTER ONE
<STREET2>1550 CORAOPOLIS HEIGHTS RD. 2ND. FLOOR
<CITY>MOONTOWNSHIP
<STATE>PA
<ZIP>15108
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ATLAS AMERICA INC
<DATE-CHANGED>20040209
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>ATLAS ENERGY, INC.
<TEXT>
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<TITLE>Atlas Energy, Inc.</TITLE>
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 <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:4px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Washington, DC 20549 </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center>
<P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>FORM 8-K </B>
</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="4"><B>CURRENT REPORT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Securities Exchange Act of 1934 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="3"><B>Date of Report (Date of earliest reported event): April&nbsp;20, 2010 </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:6px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="6"><B>Atlas Energy, Inc. </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(Exact Name of Registrant as Specified in Its Charter) </B></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><center> <P STYLE="line-height:6px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1-32169</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>51-0404430</B></FONT></TD></TR>
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<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(State or Other Jurisdiction <BR>of Incorporation)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Commission<BR>File Number)</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(IRS Employer<BR>Identification Number)</B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Westpointe Corporate Center One </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>1550 Coraopolis Heights Road </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Moon Township, PA 15108 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Address of Principal Executive Offices) (Zip Code) </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>412-262-2830 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>(Registrant&#146;s telephone number, including area code) </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><FONT STYLE="FONT-FAMILY:WINGDINGS">&#168;</FONT></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE>
<P STYLE="font-size:8px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="line-height:0px;margin-top:0px;margin-bottom:0px;border-bottom:0.5pt solid #000000">&nbsp;</P>
<P STYLE="line-height:3px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P>

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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;2.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Completion of Acquisition or Disposition of Assets </B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Purchase and Sale Agreement </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">On April&nbsp;20, 2010, Atlas Energy Resources, LLC (&#147;Atlas&#148;), a wholly owned subsidiary of Atlas Energy, Inc. (the
&#147;Company&#148;), consummated the transactions described in the Purchase and Sale Agreement dated April&nbsp;9, 2010 (the &#147;Purchase Agreement&#148;) with Reliance Marcellus, LLC (&#147;Reliance&#148;), a wholly-owned subsidiary of Reliance
Industries Limited, pursuant to which Atlas and certain of its subsidiaries sold to Reliance a 40% undivided interest (the &#147;Conveyed Interests&#148; and, together with Atlas&#146;s remaining 60% undivided interest, the &#147;Joint
Acreage&#148;) in horizons located from the bottom of the Tully formation to the bottom of the Oriskany formation within a defined area of mutual interest (the &#147;AMI&#148;) comprised of undeveloped acreage in Allegheny, Armstrong, Butler,
Cambria, Clarion, Clearfield, Fayette, Greene, Indiana, McKean, Somerset, Washington and Westmoreland Counties, Pennsylvania and Preston County, West Virginia, together with associated contracts and data. Reliance paid Atlas approximately $339.4
million in cash at closing for the Conveyed Interests. In addition, the parties entered into a Participation and Development Agreement (the &#147;Development Agreement&#148;), described below, pursuant to which Reliance will bear 75% of Atlas&#146;s
share of certain development costs, up to a maximum of approximately $1.36 billion, and Atlas and Reliance will participate in the exploration and development of the Joint Acreage and of any other properties jointly acquired by the parties in the
AMI (collectively, the &#147;Joint Interests&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Purchase Agreement was described and attached as an exhibit to the
Form 8-K filed on April&nbsp;13, 2010. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Participation and Development Agreement </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Development Agreement will remain in effect until the twelfth anniversary of the closing date unless earlier terminated by written
agreement of the parties. The Development Agreement is attached hereto as Exhibit 2.2 and is incorporated herein by reference. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Development Costs and Drilling Carry Obligation </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Atlas will hold a 60% participating interest share of the Joint Interests, and Reliance will hold a 40% participating interest share of
the Joint Interests. Each party must generally pay its participating interest share of all development costs arising under the Development Agreement or under any applicable joint operating agreement (each, a &#147;JOA&#148;). However, Reliance will
bear 75% of Atlas&#146;s share of development costs that are capital expenditures, up to a maximum of approximately $1.36 billion, subject to possible adjustment for title defects as described above (the &#147;Drilling Carry Obligation&#148;). The
Drilling Carry Obligation will end on the earlier to occur of (a)&nbsp;the date on which the entire amount of the Drilling Carry Obligation has been paid by Reliance, and (b)&nbsp;5.5 years after the closing date, unless extended for certain
circumstances, including if 85% or more of the wells proposed in the parties&#146; multi-year plan have been drilled to their target depths as of such date, in which case the drilling carry period will be extended for two additional years.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">As security for Reliance&#146;s performance of the Drilling Carry Obligation, Reliance will provide for four years an
irrevocable letter of credit in the amount of $300 million, with a cumulative drawing amount of $550 million. The cumulative drawing amount will be reduced by the amounts of all payments that Reliance makes under the Drilling Carry Obligation and of
drawings under the letter of credit. Reliance Industries Limited also provided a guarantee in the amount of $850 million for the Drilling Carry Obligation that will remain in effect for up to 7.5 years. In addition, the Company provided a guarantee,
which will remain in effect for up to 7.5 years, of Atlas&#146;s payment and performance obligations under the Development Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">2 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Operator Arrangements </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The parties will enter into one or more JOA for each drilling unit and all or any portion of the Joint Interests prior to drilling. Atlas
(or its designated subsidiary) will be designated to serve as the operator under each JOA (the &#147;Operator&#148;) and will operate the Joint Interests in accordance with the terms of the JOA (subject to the terms of the Development Agreement).
Unless Atlas is required to operate pursuant to third-party contractual obligations, then one year after closing, Reliance may elect to become the Operator of a project area that it selects from among four possible project areas. If Reliance meets
certain benchmarks with respect to the first project area, then it will have the right to become Operator of a second project area and then, similarly, of a third project area. The Operator may be removed for good cause, including for material
breaches of the Operator&#146;s obligations, failure to cure any such breach within 60 days, and fraud, willful misconduct or gross negligence in the performance of its duties under the Development Agreement or under a JOA, and for certain transfers
of the Joint Interests. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Area of Mutual Interest </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Atlas will serve as the exclusive leasing agent for properties in the AMI. If the Operator acquires any additional acreage in the AMI for
the purpose of completing a drilling unit, the other party will be obligated to purchase its participating interest share of such additional acreage. If Atlas acquires any additional acreage in the AMI that is not for the purpose of completing a
drilling unit, Reliance will have the option to purchase its participating interest share of such additional acreage (&#147;Option Acreage&#148;) on the same material terms and conditions. If Reliance chooses not to do so, Atlas will retain 100% of
the Option Acreage, which will be excluded from the AMI and will not be governed by the Development Agreement or by any JOA. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Reliance&#146;s Right of First Offer </I></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Atlas desires to sell more than 5% of the interest it holds as of the closing date in acreage outside the AMI to any non-affiliate,
then Reliance may make an offer to purchase such interest. Atlas must accept Reliance&#146;s offer if it is (a)&nbsp;for all of the interests to be sold by Atlas; (b)&nbsp;solely for cash and (on a present value basis) at least $8,000 per net acre;
and (c)&nbsp;no less favorable to Atlas than the terms and conditions of the Development Agreement. The right of first offer will terminate on the tenth anniversary of the closing date. </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Standstill Agreement </I></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Also as part of the closing, Atlas, the Company, Reliance and Reliance Industries Limited entered into a standstill agreement pursuant to
which Reliance and Reliance Industries Limited agreed, for five years and subject to certain exceptions, not to take any action to acquire any securities or a majority of the assets of the Company or Atlas, nor to take certain other actions with
respect to the voting securities of Atlas and the Company. The standstill agreement is attached hereto as Exhibit 2.3 and is incorporated herein by reference. </FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;7.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Regulation FD Disclosure. </B></FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">On April&nbsp;21, 2010, the Company issued a press release announcing the closing of the above-described transactions. A copy of the press
release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in Exhibit 99.1 shall not be deemed &#147;filed&#148; for purposes of Section&nbsp;18 of the U.S. Securities Exchange Act of 1934, as amended, nor
shall it be incorporated by reference in any filing under the U.S. Securities Act of 1933, as amended. In addition, the Company does not assume any obligation to update such information in the future. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">3 </FONT></P>


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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Item&nbsp;9.01.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Financial Statements and Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(d)</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibits. </B></FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="top" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;2.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Participation and Development Agreement dated as of April&nbsp;20, 2010.*</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;2.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Standstill, AMI and Transfer Restriction Agreement dated as of April 20, 2010.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release, dated April 21, 2010.</FONT></TD></TR></TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The exhibits and schedules have been omitted pursuant to Item&nbsp;601(b)(2) of Regulation S-K and will be provided to the Securities and Exchange Commission upon
request. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">4 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Atlas Energy, Inc.</FONT></TD></TR>
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<TD HEIGHT="16" COLSPAN="2"></TD>
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<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Date: April&nbsp;21, 2010</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/&nbsp;&nbsp;&nbsp;&nbsp;M<SMALL>ATTHEW</SMALL> A.
J<SMALL>ONES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></TD></TR>
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Matthew A. Jones</B></FONT></TD></TR>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Its:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Chief Financial Officer</B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">5 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBIT INDEX </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:39pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Exhibit&nbsp;No.</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="border-bottom:1px solid #000000;width:39pt" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Description</B></FONT></P></TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;2.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Participation and Development Agreement dated as of April 20, 2010.*</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;2.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Standstill, AMI and Transfer Restriction Agreement dated as of April 20, 2010.</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top" NOWRAP ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Press Release, dated April 21, 2010.</FONT></TD></TR></TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The exhibits and schedules have been omitted pursuant to Item&nbsp;601(b)(2) of Regulation S-K and will be provided to the Securities and Exchange Commission upon
request. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">6 </FONT></P>

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<TYPE>EX-2.2
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<FILENAME>dex22.htm
<DESCRIPTION>PARTICIPATION AND DEVELOPMENT AGREEMENT
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<TITLE>Participation and Development Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 2.2 </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PARTICIPATION AND DEVELOPMENT AGREEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>By and among </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas Energy Resources, LLC, </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas America, LLC, </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Viking Resources, LLC, </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas Resources, LLC </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>and </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Reliance Marcellus, LLC </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Dated April 20, 2010 </B></FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TABLE OF CONTENTS </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
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<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="1"><B>Page</B></FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE I</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>DEFINITIONS</B></FONT></P></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Definitions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">1</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 1.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interpretive Provisions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">12</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE II</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>NATURE OF JOINT DEVELOPMENT; SCOPE AND COSTS</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 2.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Scope</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">12</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 2.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Lease Maintenance and Renewal Payments</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">13</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 2.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Renewal and Extension of Leases by Drilling</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">13</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 2.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Cost of Renewals, Extensions and Re-acquisitions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">13</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 2.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Initial Geophysical Costs</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 2.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reasonable Efforts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE III</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>DRILLING CARRY PROGRAM</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 3.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Drilling Carry Obligation.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">14</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 3.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Multi-Year Plan During Drilling Carry Period</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 3.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Termination of Drilling Carry Obligation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 3.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Adjustment to Drilling Carry Obligation; Relation to Purchase Agreement Title Examination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">15</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 3.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Breach of Drilling Carry Obligation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">16</FONT></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE IV</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>JOINT OPERATING AGREEMENTS AND OPERATORS</B></FONT></P></TD></TR>
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<TD HEIGHT="8" COLSPAN="2"></TD>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joint Operating Agreement.</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Appointment of Operator under JOAs</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">17</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Development Operator and Duties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">19</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Rights of Way</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">20</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Removal or Resignation of Operators</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">20</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Operations Subject to Laws, Leases and Operating Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">21</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Liability of Operators</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">21</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Custody of Funds</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">22</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 4.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Seconded Employees</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Gas Marketing</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">22</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title Examination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">24</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- i - </FONT></P>


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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE V</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>JOINT DEVELOPMENT COMMITTEE, MEETINGS, BUDGET</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joint Development Committee</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">24</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Annual Work Plan and Budgets during the Drilling Carry Period</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">26</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Development Plans and Annual Work Plan and Budgets After the Drilling Carry Termination Date</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">28</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Contract Awards After the Drilling Carry Period</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">32</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reports</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">32</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Certain Affiliate Contracts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">33</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Participation or Non-Participation During the Drilling Carry Period</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">33</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 5.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reimbursement of Development Operator for Overhead Costs</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">33</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE VI</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>AREA OF MUTUAL INTEREST AND ADDITIONAL ACREAGE</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 6.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Area of Mutual Interest</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">34</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 6.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Acquisition of Acreage in the AMI</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">34</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 6.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Acquisition of Option Acreage</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">34</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 6.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Applicable AMI Acreage</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">36</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 6.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Leasing Responsibility</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">38</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 6.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Third Party Agreements</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">38</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE VII</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TRANSFER RESTRICTIONS</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 7.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Restrictions on Transfer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">38</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 7.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Documentation for Transfers; Validity of Transfer</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">41</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 7.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Change of Control of Atlas or Atlas Parent</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">42</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 7.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Maintenance of Uniform Interest</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">42</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE VIII</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RIGHT OF FIRST OFFER IN PROSPECTIVE AREA</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 8.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reliance ROFO</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">42</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 8.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Waiver of Reliance ROFO</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">43</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 8.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Applicability of Transfer Restrictions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">43</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE IX</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>LAND AND GEOSCIENCE DATA</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 9.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Land Information</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">44</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 9.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Geoscience Data</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">44</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 9.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Warranty of Accuracy</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">44</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE X</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>DEFAULT</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 10.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Defaults</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2">44</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- ii - </FONT></P>


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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 10.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Exclusive Remedies</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">46</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 10.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interest</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">46</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE XI</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TERM AND TERMINATION</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 11.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Term</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">46</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 11.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Termination</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">46</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE XII</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TAX PARTNERSHIP</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 12.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Tax Partnership</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">46</FONT></TD></TR>
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<TD HEIGHT="8" COLSPAN="5"></TD></TR>
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<TD VALIGN="top" COLSPAN="5" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE XIII</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MISCELLANEOUS PROVISIONS</B></FONT></P></TD></TR>
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<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Non-Solicit; Non-Hire</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">47</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.2</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notices</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">47</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.3</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Relationship of the Parties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">48</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.4</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Publicity and Recordation of Documents</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">48</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.5</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Waiver</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">48</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.6</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Amendments; Binding Effect</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">49</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.7</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">No Third Party Beneficiaries</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">49</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.8</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Severability</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">49</FONT></TD></TR>
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<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.9</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Governing Law; Jurisdiction, Venue; Jury Waiver</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">49</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.10</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Waiver of Consequential Damages</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">51</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.11</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Confidentiality</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">51</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.12</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedules</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">52</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.13</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Interpretation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">52</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.14</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Conflicting Provisions</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">52</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Representations and Warranties</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">52</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.16</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Entire Agreement</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">53</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.17</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Further Assurances</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">53</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.18</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Memorandum</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">53</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.19</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Recognition of Rights</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">53</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.20</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Joint and Several Liability</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">54</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section 13.21</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Multiple Counterparts</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">54</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- iii - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>EXHIBITS </B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit A - Designated Regions </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit B - Form
of Assignment </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit C - Form of Joint Operating Agreement </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit D - Form of Memorandum </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit E -
Multi-Year Plan </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit F - Initial Annual Work Plan and Budget </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit G - Prospective Wells </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit H -
Initial Geophysical Costs </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit I - Overhead </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Exhibit J - Gas Gathering Agreement Principles </FONT></P>
<P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SCHEDULES </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.2(b)(i)(A) -
Project Area 1 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.2(b)(i)(B) - Project Area 2 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule 4.2(b)(i)(C) - Project Area 3 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Schedule
4.2(b)(i)(D) - Project Area 4 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- iv - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>PARTICIPATION AND DEVELOPMENT AGREEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This PARTICIPATION AND DEVELOPMENT AGREEMENT (this &#147;<B><I>Agreement</I></B>&#148;) dated April 20, 2010 (the &#147;<B><I>Effective
Date</I></B>&#148;) is by and among Atlas Energy Resources, LLC, a Delaware limited liability company (&#147;<B><I>Atlas Energy</I></B>&#148;), Atlas America, LLC, a Pennsylvania limited liability company (&#147;<B><I>Atlas America</I></B>&#148;),
Viking Resources, LLC, a Pennsylvania limited liability company (&#147;<B><I>Viking</I></B>&#148;), Atlas Resources, LLC, a Pennsylvania limited liability company (&#147;<B><I>Atlas Resources</I></B>&#148;, and together with Atlas Energy, Atlas
America and Viking, each individually and collectively, &#147;<B><I>Atlas</I></B>&#148;) and Reliance Marcellus, LLC, a Delaware limited liability company (&#147;<B><I>Reliance</I></B>&#148;). Atlas and Reliance shall be referred to herein,
individually, as a &#147;<B><I>Party</I></B>&#148; and, collectively, as the &#147;<B><I>Parties</I></B>.&#148; </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RECITALS
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, pursuant to the Purchase and Sale Agreement, dated as of April&nbsp;9, 2010, by and between Atlas Energy and
Reliance (the &#147;<B><I>Purchase Agreement</I></B>&#148;), Atlas sold and conveyed to Reliance, and Reliance purchased and acquired from Atlas, concurrently with the execution of this Agreement, the Conveyed Interests (as defined hereinafter),
representing a 40% undivided interest in the Subject Oil and Gas Interests (as defined hereinafter) held by Atlas, and the Parties acknowledge and agree that the transactions contemplated by the Purchase Agreement are integral to the transactions
contemplated by, and the rights and obligations of the Parties under, this Agreement and the Associated Agreements (as defined hereinafter); </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the Parties desire to participate together in the exploration and development of the Joint Interests (as defined hereinafter)
and certain other oil and gas interests in a coordinated manner; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">WHEREAS, the Parties desire to set forth their
respective rights and obligations with respect to such arrangement in accordance with the terms and conditions of this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">NOW, THEREFORE, for and in consideration of the mutual promises contained herein, the benefits to be derived by each Party hereunder, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Atlas and Reliance agree as follows: </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE I </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>DEFINITIONS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.1 <U>Definitions</U>. The respective terms defined in this <U>Section 1.1</U>, when used in this Agreement, have the
respective meanings specified herein: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Acquired Interests</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;6.3(c)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Acquiring Person</I></B>&#148; has the meaning set forth in the definition of
&#147;Change of Control.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Acquisition Costs</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;6.2</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Acquisition Notice</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;6.3(a)</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 1 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>AFE</I></B>&#148; has the meaning set forth in <U>Section&nbsp;5.1(b)(ii)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Affiliate</I></B>&#148; means, with respect to any Person, any other Person that directly or indirectly (through
one or more intermediaries or otherwise) Controls, is Controlled by, or is under common Control with the first Person; <I>provided</I>, that none of Atlas Pipeline Holdings, L.P., Atlas Pipeline Partners, L.P. or any of their respective Subsidiaries
will be considered an &#147;Affiliate&#148; of Atlas, Atlas Parent or any of its wholly-owned subsidiaries. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Agreement</I></B>&#148; has the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>AMI</I></B>&#148; has the meaning set forth in <U>Section&nbsp;6.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Annual Work Plan and Budget</I></B>&#148; means, for any Calendar Year, the work plan and budget applicable to the Joint
Interests during such Calendar Year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Applicable Operating Agreements</I></B>&#148; means, collectively, the JOAs
and all Third Party Agreements, and &#147;<B><I>Applicable Operating Agreement</I></B>&#148; means any of them. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Associated Agreements</I></B>&#148; means (i)&nbsp;the Purchase Agreement, (ii)&nbsp;any JOA, (iii)&nbsp;the Standstill, AMI
and Transfer Restriction Agreement, (iv)&nbsp;the Reliance Guarantee, (v)&nbsp;the Letter of Credit Agreement, (vi)&nbsp;the Letter of Credit, and (vii)&nbsp;any other documents and instruments entered into in connection with this Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas</I></B>&#148; has the meaning set forth in the Preamble; provided if any provision of this Agreement
contemplates performance by a particular Atlas entity, then the term &#147;Atlas&#148; shall be deemed to refer to such particular entity. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas America</I></B>&#148; has the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Business Transaction</I></B>&#148; has the meaning set forth in <U>Section&nbsp;6.4(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Credit Agreement</I></B>&#148; means that certain Credit Agreement, dated as of June&nbsp;29, 2007, among Atlas Energy
and certain subsidiaries named therein, as guarantors, Atlas Energy Operating Company, LLC, as borrower, the administrative agent party and the lenders each party thereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Development Costs</I></B>&#148; has the meaning set forth in <U>Section&nbsp;2.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Energy</I></B>&#148; has the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Interests</I></B>&#148; has the meaning set forth in <U>Section&nbsp;7.1(b)(i)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Operated Area</I></B>&#148; means the acreage covered by the Joint Interests where Atlas or a wholly-owned subsidiary
of Atlas Parent is designated operator. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Parent</I></B>&#148; means Atlas Energy, Inc., a Delaware
corporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Participating Interest</I></B>&#148; has the meaning set forth in <U>Section&nbsp;2.1</U>.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 2 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Persons</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;6.2</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Production</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.10(b)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Atlas Resources</I></B>&#148; has the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Average Well Cost</I></B>&#148; means an amount equal to the total Development Costs paid by the Parties in the applicable
Calendar Year to drill and complete horizontal wells pursuant to the terms of this Agreement, divided by the total number of gross horizontal wells drilled and completed pursuant to the terms of this Agreement during such Calendar Year. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Business Day</I></B>&#148; means any day other than a Saturday, a Sunday, or a holiday on which commercial banks in New York,
New York are closed. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Calendar Year</I></B>&#148; means a period of 12 consecutive calendar months commencing on
the first day of January and ending on the following 31st day of December, according to the Gregorian calendar. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Change of Control</I></B>&#148; means, as to any subject Person (the &#147;<B><I>Subject Company</I></B>&#148;), any
transaction as a result of which another Person (other than any Affiliate of the Subject Company) (the &#147;<B><I>Acquiring Person</I></B>&#148;) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the SEC
under the Exchange Act) of more than 50% of the then-outstanding Voting Interests of the Subject Company (including pursuant to any tender offer, exchange offer, consolidation, merger, amalgamation or reorganization or similar business combination)
or any transaction where the power to direct or cause the direction of the management and policies of the Subject Company shall have been transferred to a Person that is not an Affiliate of the Subject Company; <I>provided</I> that a Change of
Control of the Subject Company shall not have occurred if the Persons who beneficially own the outstanding Voting Interests of&nbsp;the Subject Company&nbsp;(or, in the case of a Subject Company that is a Subsidiary of another Person (such other
Person, the &#147;<B><I>Parent Company</I></B>&#148;), the Persons who beneficially own the outstanding Voting Interests of&nbsp;the Parent Company) immediately before the occurrence of such transaction beneficially own, directly or indirectly,
immediately after such transaction a majority of the outstanding Voting Interests of any of the Acquiring Person, the Subject Company or the Person resulting from such business combination transaction. For purposes of this definition,
&#147;<B><I>Voting Interests</I></B>&#148; means securities of the Subject Company of any kind or class having power generally to vote in the election to the board of directors or similar governing body of the Subject Company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Confidential Data</I></B>&#148; has the meaning set forth in <U>Section&nbsp;13.11(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Control</I></B>&#148; means the possession, directly or indirectly, of the following: (i)&nbsp;in the case of a corporation,
more than 50% of the voting power of the outstanding securities thereof, (ii)&nbsp;in the case of a limited liability company, partnership, limited partnership or venture, the right to more than 50% of the distributions therefrom (including
liquidating distributions), (iii)&nbsp;in the case of a trust or estate, more than 50% of the beneficial interest therein, (iv)&nbsp;in the case of any other Person, more than 50% of the economic or beneficial interest therein; or (v)&nbsp;in the
case of any Person, the power to direct or cause the direction of the management and policies of a Person, whether through the ability to exercise voting power, by contract or otherwise; and &#147;Controlled by&#148; and &#147;Controlling&#148; have
the meaning correlative thereto. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 3 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Conveyed Interests</I></B>&#148; has the meaning set forth in the Purchase
Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Covered Claim</I></B>&#148; has the meaning set forth in <U>Section&nbsp;13.9(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Defaulting Party</I></B>&#148; has the meaning set forth in <U>Section&nbsp;10.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Designated Region</I></B>&#148; means any region set forth on <U>Exhibit A</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Development Costs</I></B>&#148; means all costs and expenses incurred in connection with the maintenance, development and
operations on or relating to any Joint&nbsp;Interests and which are chargeable to the joint account, or for which a Party is otherwise responsible, under the terms of an Applicable Operating Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Development Operation</I></B>&#148; means any operation undertaken pursuant to any Applicable Operating Agreement conducted
in respect of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Development Operations Contract</I></B>&#148; means any contract to which
Development Operator is a party for which services thereunder are to be used primarily for the conduct of Development Operations. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Development Operator</I></B>&#148; means, in each case subject to <U>Sections 4.2</U>, <U>4.5</U>, <U>7.1</U>, <U>7.3</U> or
<U>10.1</U>, (a)&nbsp;Atlas, with respect to the Joint Interests operated by Atlas and (b)&nbsp;Reliance, with respect to the Joint Interests operated by Reliance. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B></B>&#147;<B></B><B><I>Development Plan</I></B><B></B>&#148; means a two-year development plan applicable to the Joint Interests after
the Drilling Carry Termination Date, which will be established in accordance with the terms of <U>Sections 5.3(a)</U> and <U>(b)</U>.<B> </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Direct Overhead Costs</I></B>&#148; has the meaning set forth in <U>Section&nbsp;5.8(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Carry Balance</I></B>&#148; means, as of any time, the difference between the Drilling Carry Cap and the aggregate
amount funded by (or, if funded pursuant to the Letter of Credit or the Reliance Guarantee, on behalf of) Reliance in satisfaction of the Drilling Carry Obligation as of such time. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B></B>&#147;<B></B><B><I>Drilling Carry Cap</I></B><B></B>&#148; means an amount equal to $1,357,471,260; provided such amount shall be
reduced or increased as provided in <U>Section&nbsp;3.4</U>. <B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Carry Extension
Factor</I></B>&#148; means an amount of time, rounded to the nearest whole month, equal to the product of (a)&nbsp;12&nbsp;months, multiplied by (b)&nbsp;a fraction, (i)&nbsp;the numerator of which shall be the maximum number of wells that may be
drilled by Atlas under the Multi-Year Plan for the relevant Calendar Year, plus any catch up wells that Atlas would otherwise propose for the relevant Calendar Year pursuant to <U>Section&nbsp;5.2(c)</U> (and ignoring any limitation set forth in
<U>Section&nbsp;5.2(d)</U> on number of wells to be drilled), minus the number of Restricted Wells for such Calendar Year, and (ii)&nbsp;the denominator of which shall be the maximum number of wells that may be drilled by Atlas under the Multi-Year
Plan for the relevant Calendar Year, plus any catch up wells that Atlas would otherwise propose for the relevant Calendar Year pursuant to <U>Section&nbsp;5.2(c)</U> (and ignoring any limitation set forth in <U>Section&nbsp;5.2(d)</U> on number of
wells to be drilled). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 4 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Carry Obligation</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;3.1(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Carry Period</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;3.1(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Carry Shortfall</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;3.5</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Carry Termination Date</I></B>&#148; means the earlier to occur of: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) the date on which the aggregate Drilling Carry Obligation paid by (or, if funded pursuant to the Letter of Credit or the Reliance
Guarantee, on behalf of) Reliance in respect of Qualified Costs otherwise chargeable to Atlas equals the Drilling Carry Cap; and </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) the date that is five and one-half years after the Effective Date; <I>provided</I> that, if the aggregate number of gross wells
drilled to their target formations in respect of the Joint Interests as of the end of such five and one-half year period (excluding for this purpose any wells for which Atlas has elected not to apply the Drilling Carry Obligation pursuant to
<U>Section&nbsp;3.1(a)</U>) shall be equal to or greater than 85% of the aggregate number of gross wells set forth in the Multi-Year Plan to be drilled during such five and one-half year period (the &#147;<B><I>Drilling Target</I></B>&#148;), then
the date referred to above in this clause (b)&nbsp;shall be the date that is seven and one-half years after the Effective Date; <I>provided</I>, <I>further</I>, that: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">if there is an Excess Cost Event, then the five and one-half year period referred to above in this clause (b)&nbsp;shall be extended by the Drilling Carry Extension
Factor pursuant to <U>Section&nbsp;5.2(d)</U>, up to a maximum time of seven and one-half years after the Effective Date; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">if there is a Force Majeure Event that results in Atlas&#146;s inability to achieve the Drilling Target, then the five and one-half year period shall be automatically
extended on a day-to-day basis to the extent such Force Majeure Event continues to result in such inability, up to a maximum time of seven and one-half years after the Effective Date; and </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">if this Agreement is breached by Reliance, and such breach has caused Atlas or any of its Affiliates to fail to use the Drilling Carry Cap in satisfaction of the
Drilling Carry Obligation by the end of the five and one-half year period or seven and one-half year period referred to above in this clause (b), then the Drilling Carry Termination Date shall not occur until the date on which the aggregate Drilling
Carry Obligation paid by (or, if funded pursuant to the Letter of Credit or the Reliance Guarantee, on behalf of) Reliance on behalf of Atlas equals the Drilling Carry Cap. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Reliance elects to become the Development Operator with respect to any Project Area(s) in accordance with the terms of this Agreement
and Reliance, acting in such capacity, does not drill the Specified Number of Wells contemplated for such Project Area(s) by the time the Drilling Carry Termination Date occurs pursuant to clause (b)&nbsp;above (except to the extent Reliance does
not drill such wells as the result of an Excess Cost Event or as a consequence of Atlas&#146; breach of this Agreement), then, notwithstanding the occurrence of the Drilling Carry Termination Date (other than under clause (a)&nbsp;above), Atlas
shall be entitled to apply the Drilling Carry Balance to Qualified Costs for the number of wells (regardless of which Party drills such wells) equal to the difference between the Specified Number of Wells contemplated for such Project Area(s) and
the actual number of wells drilled by Reliance in such Project Area(s). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 5 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Maximum</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;5.3(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Partnership</I></B>&#148; means a partnership entity created under
applicable state Law with a primary purpose of funding the drilling of oil and gas wells, the subsequent ownership and disposition of such wells, and the production of Hydrocarbons therefrom. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Drilling Unit</I></B>&#148; means the area fixed for the drilling of one well by order or rule of any state or federal body
having authority. If a Drilling Unit is not fixed by any such rule or order, a Drilling Unit will have the size and shape as reasonably determined by the Development Operator for such Drilling Unit. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Effective Date</I></B>&#148; has the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Excess Cost Event</I></B>&#148; has the meaning set forth in <U>Section&nbsp;5.2(d)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Excess Cost Year</I></B>&#148; has the meaning set forth in <U>Section&nbsp;5.2(d)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Exchange Act</I></B>&#148; means the Securities Exchange Act of 1934, as amended. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Federal Courts</I></B>&#148; has the meaning set forth in <U>Section&nbsp;13.9(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>First Project Area</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.2(b)(i)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>First Reliance Operator Date</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.2(b)(i)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Force Majeure Event</I></B>&#148; means any event not reasonably within the control of the Party claiming the force majeure,
including the following to the extent such events are not reasonably within the control of the Party claiming the force majeure: act of God, act of the public enemy, war, blockade, public riot, lightning, fire, storm, flood or other act of nature,
explosion, governmental action (including changes in laws, regulations or policies with the effect of law or, in each case, the enforcement thereof), governmental delay or restraint (including with respect to the issuance of permits) and
unavailability of drilling rigs on commercially reasonable terms; <I>provided</I>, a &#147;Force Majeure Event&#148; shall not include (i)&nbsp;lack of financing or funds and (ii)&nbsp;to the extent affecting only such Party&#146;s or such
Affiliate&#146;s employees, any strike, work stoppage or other organized labor difficulty. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Form of Assignment</I></B>&#148; means an assignment that will be in
substantially the same form as that attached to this Agreement as <U>Exhibit B</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Hydrocarbons</I></B>&#148;
shall mean oil and gas and other hydrocarbons produced or processed in association therewith (whether or not such item is in liquid or gaseous form), or any combination thereof, and any minerals produced in association therewith. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Initial Development Period</I></B>&#148; means the period beginning on the Effective Date and ending on the fifth anniversary
of the Effective Date. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>JDC Operator</I></B>&#148; has the meaning set forth in <U>Section&nbsp;5.1(a)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>JOA</I></B>&#148; means a joint operating agreement, in the form attached to this Agreement as
<U>Exhibit&nbsp;C</U>, to be executed by the Parties, which in conjunction with this Agreement, shall govern all operations on the Joint Interests as between the Parties. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Joint Development Committee</I></B>&#148; has the meaning set forth in <U>Section 5.1(a).</U> </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Joint Interests</I></B>&#148; means all right, title and interest of the Parties acquired (i)&nbsp;pursuant to the Purchase
Agreement whether within or outside of the AMI and (ii)&nbsp;within the AMI in and to oil and gas assets in which both Parties hold an interest, whether held on, or acquired at or after, the Effective Date. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Law</I></B>&#148; means all applicable statutes, laws, rules, regulations, orders, ordinances, judgments and decrees of any
governmental authority, including the common or civil law of any foreign or domestic governmental authority. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Letter of Credit</I></B>&#148; means the Irrevocable Standby Letter of Credit, as renewed from time to time, dated as of the
Effective Date in favor of Atlas issued pursuant to the Letter of Credit Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Letter of Credit
Agreement</I></B>&#148; means that certain Letter of Credit Agreement dated as of the Effective Date between Atlas Energy and Reliance. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Liabilities</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.7(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>LMM</I></B>&#148; means Laurel Mountain Midstream, LLC, a Delaware limited liability company. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>LMM Gas Gathering Agreements</I></B>&#148; means that certain (i)&nbsp;Gas Gathering Agreement for Natural Gas on the Legacy
Appalachian System dated as of June&nbsp;1, 2009, between Atlas and LMM and (ii)&nbsp;Gas Gathering Agreement for Natural Gas on the Expansion Gathering System dated June&nbsp;1, 2009, between Atlas and LMM. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Marketing Period</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.10(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Marketing Transaction</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.10(d)</U>. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 7 - </FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Memorandum</I></B>&#148; means that certain Memorandum of Participation and
Development Agreement to be executed on the Effective Date by the Parties, in each case in sufficient counterparts to allow for recording, and filed against the Joint Interests to evidence the Parties respective rights and obligations under this
Agreement, in the form of <U>Exhibit&nbsp;D</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Multi-Year Plan</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;3.2</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Net Acre</I></B>&#148; shall mean, as computed separately with respect to each lease,
(a)&nbsp;the number of gross acres in the lands covered by such lease, multiplied by (b)&nbsp;the undivided percentage interest in oil, gas or other minerals covered by such lease in such lands, multiplied by (c)&nbsp;Atlas&#146; or its applicable
Subsidiary&#146;s Working Interest in such lease; <I>provided</I> that if items (b)&nbsp;and/or (c)&nbsp;vary as to different areas of such lands (including depths) covered by such lease, a separate calculation shall be done for each such area as if
it were a separate lease. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Net Revenue Interest</I></B>&#148; shall mean, with respect to any lease, the interest
in and to all Hydrocarbons produced, saved, and sold from or allocated to such lease, after giving effect to all royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, and other
burdens upon, measured by, or payable out of production therefrom. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>New York Courts</I></B>&#148; has the meaning
set forth in <U>Section&nbsp;13.9(b)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Non-Budgeted Operation</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;5.3(e)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Non-Consenting Party</I></B>&#148; has the meaning set forth in the JOA. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Non-Defaulting Party</I></B>&#148; has the meaning set forth in <U>Section&nbsp;10.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Non-Operating Interest Holder</I></B>&#148; means (a)&nbsp;Reliance, with respect to the Joint Interests operated by Atlas or
any of its Affiliates and (b)&nbsp;Atlas, with respect to the Joint Interests operated by Reliance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Option
Acreage</I></B>&#148; has the meaning set forth in <U>Section&nbsp;6.3(a)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Parent Company</I></B>&#148; has
the meaning set forth in the definition of &#147;Change of Control.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Participating Interest
Share</I></B>&#148; means the aggregate percentage interest in the Joint Interests held by such Party and its Affiliates, in each case as may be adjusted from time to time in accordance with this Agreement and any JOA, which with respect to Atlas on
the date hereof is equal to the Atlas Participating Interest, and with respect to Reliance on the date hereof is equal to the Reliance Participating Interest. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Party</I></B>&#148; and &#147;<B><I>Parties</I></B>&#148; have the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Payment Date</I></B>&#148; has the meaning set forth in <U>Section&nbsp;6.3(c)</U>. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Permitted Encumbrances</I></B>&#148; has the meaning set forth in the Purchase
Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Person</I></B>&#148; means any individual, firm, corporation, partnership, limited liability company,
joint venture, association, trust, unincorporated organization, governmental authority or any other entity. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Post
2012 Debt</I></B>&#148; has the meaning set forth in Section 13.19(a). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Project Area</I></B>&#148; means, as
applicable, the First Project Area, the Second Project Area and the Third Project Area. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Prospective
Area</I></B>&#148; means any of the following counties in Pennsylvania: Crawford, Elk, Erie, Forest, Lawrence, Mercer, Venango or Warren; and any of the following counties in New York: Cattaraugus, Chautauqua, Delaware or Otsego. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Prospective Wells</I></B>&#148; has the meaning set forth in <U>Section&nbsp;5.2(a)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Purchase Agreement</I></B>&#148; has the meaning set forth in the Recitals. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Purchase Price</I></B>&#148; has the meaning set forth in the Purchase Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I></I></B>&#147;<B><I>Qualified Costs</I></B>&#148; means all Development Costs in the nature of capital expenditures associated with
maintenance, development and operations on or in connection with any Joint Interests or well, including third-party title review or examination, permitting, drilling, completion, geotechnical and geophysical, seismic and infrastructure costs,
reclamation and related costs and capital expenditures for infrastructure required for gathering and treating, but excluding all taxes, all costs incurred in the acquisition of acreage, all costs of lease maintenance, renewals and extensions, all
operating expenditures, all overhead charges, and general and administrative expenses; <B><I></I></B><I>provided</I><B><I></I></B> that &#147;Qualified Costs&#148; shall not include costs relating to an oil and gas lease (or interest in an oil and
gas lease) for a well in which a Drilling Partnership owns an interest.<B><I> </I></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Qualified
Transferee</I></B>&#148; means, with respect to any Person that is an Acquiring Person in a Change of Control or transferee in a Transfer, a Person that satisfies the following conditions set forth in clause (a)&nbsp;and (b)&nbsp;below: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) either (1)&nbsp;such Person, as of the earlier of the execution of a definitive agreement providing for a Change of Control or
Transfer or the date of consummation of such Change of Control or Transfer (such earlier date, the &#147;<B><I>Testing Date</I></B>&#148;), has a corporate credit rating equal to or higher than the Specified Credit Rating or (2)&nbsp;in the event of
a Change of Control of Atlas, the credit rating of Atlas (or, if Atlas is not the surviving entity in such Change of Control transaction, the surviving entity of such Change of Control transaction) immediately after such Change of Control
transaction shall have a corporate credit rating equal to or higher than the Specified Credit Rating; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) either one of
the following shall have been satisfied: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) as of the day before the Testing Date, such Person or any of its
Affiliates shall be engaged in the energy business and have oil or gas operations, and shall have headquarters located within any Designated Region; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) with respect to a Change of Control of Atlas or Atlas Parent or a
Transfer of the Atlas Interests, on or prior to the consummation of such Change of Control or Transfer, Ed Cohen and Jonathan Cohen (or in the event of the death of either Person, the other Person) shall have employment agreements with any of the
Acquiring Person, the Subject Company undergoing a Change of Control, or any of their Affiliates, and such employment agreements shall terminate no earlier than one year following the consummation of such Change of Control or such Transfer.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Relevant Month</I></B>&#148; has the meaning set forth in Section 4.10(h). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance</I></B>&#148; has the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Business Transaction</I></B>&#148; has the meaning set forth in <U>Section&nbsp;6.4(c)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Development Costs</I></B>&#148; has the meaning set forth in <U>Section&nbsp;2.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Guarantee</I></B>&#148; means that certain Guarantee of Payment dated as of the Effective Date made by Reliance
Parent on behalf of Reliance in favor of Atlas. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Interests</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;7.1(a)(i)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Offer</I></B>&#148; has the meaning set forth in <U>Section&nbsp;8.1</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Offer Price</I></B>&#148; has the meaning set forth in <U>Section&nbsp;8.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Parent</I></B>&#148; means Reliance Industries Limited, a company incorporated in India. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Participating Interest</I></B>&#148; has the meaning set forth in <U>Section&nbsp;2.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Persons</I></B>&#148; has the meaning set forth in <U>Section&nbsp;6.2</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance Production</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.10(b)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Reliance ROFO</I></B>&#148; has the meaning set forth in <U>Section&nbsp;8.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Representatives</I></B>&#148; means, as to any Party, the directors, employees, officers, advisors, attorneys, accountants,
consultants, Affiliates, agents, bankers, or representatives or &#147;controlling persons&#148; (within the meaning of the Exchange Act) of such Party. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Restricted Wells</I></B>&#148; has the meaning set forth in <U>Section&nbsp;5.2(d)</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Rights of Way</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.4</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>ROFO Interest</I></B>&#148; has the meaning set forth in <U>Section&nbsp;8.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>ROFO Notice</I></B>&#148; has the meaning set forth in <U>Section&nbsp;8.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>ROFO Period</I></B>&#148; has the meaning set forth in <U>Section&nbsp;8.1</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Scheduled Expiration Date</I></B>&#148; has the meaning set forth in Section 13.19(a). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>SEC</I></B>&#148; means the United States Securities and Exchange Commission. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Second Calendar Year</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;5.3(b)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Second Project Area</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;4.2(b)(ii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Second Reliance Operator Date</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;4.2(b)(ii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Sole Risk Development Operations</I></B>&#148; means Development Operations in
which either Reliance or Atlas does not participate in accordance with the terms of this Agreement and an Applicable Operating Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Specified Change of Control</I></B>&#148; means the occurrence of both of the following: (a)&nbsp;Persons who, on the date
hereof, constitute the board of directors of Atlas Parent (the &#147;<B><I>Incumbent Atlas Parent Directors</I></B>&#148;) cease to constitute at least a majority of the board of directors of Atlas Parent; <I>provided</I> that any Person who becomes
a director of Atlas Parent subsequent to the date hereof whose election or nomination for election was approved by a vote of at least a majority of the Incumbent Atlas Parent Directors then on the board of directors of Atlas Parent (either by a
specific vote or by approval of the proxy statement of Atlas Parent in which such Person is named as a nominee for director) shall be an Incumbent Atlas Parent Director and (b)&nbsp;neither Edward Cohen nor Jonathan Cohen continue to be either a
director of Atlas Parent or employed by Atlas Parent or Atlas. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Specified Credit Rating</I></B>&#148; means B+
from Standard&nbsp;&amp; Poor&#146;s Ratings Services (S&amp;P) or B1 from Moody&#146;s Investors Service, Inc. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Specified Number of Wells</I></B>&#148; means the lesser of the following: (i)&nbsp;the number of wells contemplated for the
subject Project Area(s) under the Multi-Year Plan for the period during which Reliance is Development Operator with respect to such Project Area and (ii)&nbsp;the aggregate number of wells contemplated for the subject Project Area(s) under the
Annual Work Plan and Budgets (or portion thereof) for the period during which Reliance is operator with respect to such Project Area(s). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Standstill, AMI and Transfer Restriction Agreement</I></B>&#148; means that certain Standstill, AMI and Transfer Restriction
Agreement dated as of the Effective Date among Atlas Parent, Atlas Energy, Reliance Parent and Reliance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Subject
Company</I></B>&#148; has the meaning set forth in the definition of &#147;Change of Control.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Subject Oil
and Gas Interests</I></B>&#148; means &#147;Assets&#148; as such term is defined in the Purchase Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Subsidiaries</I></B>&#148; has the meaning set forth in the Purchase Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Tax Partnership Agreement</I></B>&#148; has the meaning set forth in the Purchase Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Testing Date</I></B>&#148; has the meaning set forth in the definition of &#147;Qualified Transferee.&#148; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Third Party Agreement</I></B>&#148; has the meaning set forth in <U>Section&nbsp;4.1(a)</U>. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Third Party Prepared Information</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;5.5</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Third Project Area</I></B>&#148; has the meaning set forth in
<U>Section&nbsp;4.2(b)(iii)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Title Benefit Cash Call Payment Amount</I></B>&#148; has the meaning set forth
in the Purchase Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Title Defect Cash Call Payment Amount</I></B>&#148; has the meaning set forth in the
Purchase Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Transfer</I></B>&#148; has the meaning set forth in <U>Section&nbsp;7.1(a)(i)</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Unpaid Carry Percentage</I></B>&#148; means, as of any time, the product of 100%, multiplied by the amount
obtained by dividing (i)&nbsp;the Drilling Carry Balance by (ii)&nbsp;the Drilling Carry Cap plus the Purchase Price. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Viking</I></B>&#148; has the meaning set forth in the Preamble. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Working Interest</I></B>&#148; means the percentage interest in the full and entire leasehold estate in any property and all
rights and obligations of every kind and character pertinent thereto or arising therefrom, without regard to any valid lessor royalties, overriding royalties and/or other burdens against production insofar as said interest in said leasehold is
burdened with the obligation to bear and pay the cost of exploration, development and operation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;1.2
<U>Interpretive Provisions.</U> </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words &#147;include,&#148; &#147;includes&#148; and &#147;including&#148; shall be deemed to be followed by
the phrase &#147;without limitation.&#148; The word &#147;will&#148; shall be construed to have the same meaning and effect as the word &#147;shall.&#148; Unless the context requires otherwise, (i)&nbsp;any definition of or reference to any
agreement, instrument or other document shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified, and (ii)&nbsp;any reference herein to any Person shall be
construed to include such Person&#146;s successors and assigns. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Section headings herein are included for convenience of
reference only and shall not affect the interpretation of this Agreement. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE II </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>NATURE OF JOINT DEVELOPMENT; SCOPE AND COSTS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.1 <U>Scope</U>. This Agreement governs, among other things, the respective rights and obligations of the Parties with
respect to the funding, development and operation of the Joint Interests. As of the Effective Date, Atlas owns an undivided 60% interest in the Subject Oil and Gas Interests (the &#147;<B><I>Atlas Participating Interest</I></B>&#148;), and Reliance
owns an undivided 40% interest in the Subject Oil and Gas Interests (the &#147;<B><I>Reliance Participating Interest</I></B>&#148;). Except as set forth in Article&nbsp;III or otherwise provided in any JOA or this Agreement, each Party shall pay and
be responsible for its Participating Interest Share of Development Costs incurred from and after the Effective Date in accordance with, and subject to, the terms and conditions of this Agreement and the Applicable Operating Agreements (the
Participating Interest Share of Development Costs of Atlas and its Subsidiaries, the &#147;<B><I>Atlas Development Costs</I></B>&#148; and the Participating Interest Share of Development Costs of Reliance and its Subsidiaries, the
&#147;<B><I>Reliance Development Costs</I></B>&#148;). If either Party assigns, sells, transfers, or conveys all or a portion of its Participating Interest Share in accordance with the provisions of this Agreement, the Participating Interest Shares
shall be adjusted accordingly. Each Party shall have the right to audit Development Operator&#146;s accounts with respect to Development Costs in which it participates and Direct Overhead Costs on the same basis as provided in the JOAs; provided
each Party shall have the right to combine audits of Development Operator&#146;s accounts with respect to the Applicable Operating Agreements where Development Operator has been designated operator. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.2 <U>Lease Maintenance and Renewal Payments</U>. Subject to
<U>Section&nbsp;2.4</U>, each Party shall be responsible for its Participating Interest Share of all delay rentals, shut-in or minimum royalty payments and, subject to <U>Section&nbsp;2.3(b)</U>, any other lease payments necessary to renew, maintain
or extend the Joint Interests; <I>provided</I> that, subject to the foregoing, Atlas will make a diligent effort to pay, promptly and timely, for and on behalf of the Parties, each delay rental, shut-in payment, minimum royalty and any other lease
renewal or maintenance payment for the Joint Interests, and provided further that, subject to <U>Section&nbsp;2.4</U>, Atlas may determine, in its reasonable discretion, not to renew, maintain or extend any such Joint Interest. Atlas will not be
liable to Reliance for any inadvertent act or omission pertaining to the performance of its obligations under this <U>Section&nbsp;2.2</U> or any loss resulting from such inadvertent act or omission unless such act or omission constitutes gross
negligence or willful misconduct by Atlas. Subject to <U>Section&nbsp;2.4</U>, Atlas may invoice Reliance 60 days prior to the date any delay rental, shut-in payment, minimum royalty or any other lease maintenance or renewal payment shall become
due, and Reliance shall pay any such invoice within 30 days of receipt. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.3 <U>Renewal and Extension of Leases
by Drilling</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) To the extent drilling or other operations by Atlas with respect to any property included within the
Joint Interests (excluding the limitation on horizons therein) but outside the oil and gas horizons included in the Joint Interests results in any renewal or extension of the Joint Interests, Reliance will be responsible for its Participating
Interest Share of the costs of such drilling or other operations, and upon Reliance&#146;s payment of such costs, Atlas will promptly assign to Reliance its Participating Interest Share in such property (including any additional horizons) and
Reliance will be entitled to the Net Revenue Interest associated therewith. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) If Atlas determines not to renew or extend
any Joint Interest pursuant to <U>Section&nbsp;2.2</U>, Atlas will provide Reliance with no less than 30 days (to the extent reasonably possible) notice of such determination in writing prior to the expiration of such Joint Interest, and Reliance
will have the right to enter into new arrangements with the applicable lessor to become solely responsible with respect to such Joint Interest. Thereafter, notwithstanding anything contained in this Agreement to the contrary, such Joint Interest
shall be deemed to be excluded from the terms and conditions of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.4 <U>Cost of Renewals,
Extensions and Re-acquisitions</U>. Notwithstanding anything contained in this Agreement to the contrary, if during the 18 month period commencing as of the Effective Date, any lease acquired as part of the Subject Oil and Gas Interests expires, or
with respect to which an option to extend has expired, then Atlas shall, at its sole cost and expense, take any one of the following actions: (a)&nbsp;renew such lease, (b)&nbsp;lease the lands covered by such lease, (c)&nbsp;extend the term of such
lease, or (d)&nbsp;enter into a replacement lease covering comparable acreage in terms of (i)&nbsp;the number of acres, (ii)&nbsp;location of the acreage, and (iii)&nbsp;at a Net Revenue Interest not less than, and a Working Interest not greater
than, that of the expiring or invalid lease, provided that in the event Atlas is unable to find acreage with the same or a higher Net Revenue Interest, the Parties will negotiate in good faith to resolve such issue by other mutually acceptable
means. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.5 <U>Initial Geophysical Costs</U>. Atlas and Reliance agree to allocate the
payment of certain initial geophysical and geological costs in the manner set forth in <U>Exhibit H</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;2.6
<U>Reasonable Efforts</U>. During the term of this Agreement, the Parties will cooperate fully with one another and complete diligently and in good faith the Development Operations contemplated by this Agreement in accordance with the terms of this
Agreement. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE III </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>DRILLING CARRY PROGRAM </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.1 <U>Drilling Carry Obligation</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) In addition to paying for its Participating Interest Share of Development Costs, following the Effective Date until the Drilling
Carry Termination Date (the &#147;<B><I>Drilling Carry Period</I></B>&#148;), Reliance will pay, on behalf of Atlas and its applicable Subsidiaries, 75% of the Qualified Costs (except as provided in the last two sentences of this
<U>Section&nbsp;3.1(a)</U>) included within the Atlas Development Costs (such obligation to pay, the &#147;<B><I>Drilling Carry Obligation</I></B>&#148;) up to an amount not to exceed the Drilling Carry Cap. Any amounts paid to Atlas pursuant to the
Letter of Credit or the Reliance Guarantee shall be deemed to have been paid in respect of the Drilling Carry Obligation. The Drilling Carry Obligation shall be applied to all Qualified Costs for any well unless Atlas makes an affirmative written
election for it to not be so applied. Any such election will be provided by Atlas to Reliance in writing no later than 30 days following delivery by Atlas of the AFE for the relevant well. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Reliance will pay the Drilling Carry Obligation in the same manner and at the same time it pays the Reliance Development Costs
pursuant to <U>Section&nbsp;5.2</U> and the Applicable Operating Agreement; <I>provided</I> that all such payments during the Drilling Carry Period shall be deemed, first, to be a payment in respect of the Drilling Carry Obligation due at such time
and, second, and only to the extent that the portion of the Drilling Carry Obligation that is due at such time is paid in full, to be a payment in respect of the Reliance Development Costs. Atlas will maintain an accurate record of the Qualified
Costs paid by (or, if funded pursuant to the Letter of Credit or the Reliance Guarantee, on behalf of) Reliance and applied toward the Drilling Carry Obligation and will provide Reliance with a monthly statement reflecting (i)&nbsp;all such
Qualified Costs paid for such month, (ii)&nbsp;all Qualified Costs paid since the Effective Date and (iii)&nbsp;the Drilling Carry Balance. Reliance shall be entitled to exercise all rights available to it under the Applicable Operating Agreement to
audit the accounts of the operator thereunder with respect to such payments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.2 <U>Multi-Year Plan During Drilling Carry Period</U>. Atlas and Reliance
have discussed a five-year development plan designed to facilitate the full utilization of the Drilling Carry Obligation during the Initial Development Period (the &#147;<B><I>Multi-Year Plan</I></B>&#148;), which is attached as
<U>Exhibit&nbsp;E</U> and may be revised as provided in <U>Section&nbsp;5.2(b)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.3 <U>Termination of
Drilling Carry Obligation</U>. Except as set forth in clause (b)(iii) of the definition of Drilling Carry Termination Date or the last paragraph of such definition, in no event shall the Drilling Carry Termination Date extend beyond the date that is
seven and one-half years from the Effective Date. Notwithstanding any provision of this Agreement, if upon the occurrence of the Drilling Carry Termination Date, the amount of the Drilling Carry Obligation paid by (or, if funded pursuant to the
Letter of Credit or the Reliance Guarantee, on behalf of) Reliance for any reason is less than the Drilling Carry Cap, the Drilling Carry Obligation shall terminate and Reliance shall have no further obligation with respect thereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.4 <U>Adjustment to Drilling Carry Obligation; Relation to Purchase Agreement Title Examination</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The Drilling Carry Cap shall be reduced in accordance with Section&nbsp;11.2(d)(ii)(A)(1)(aa) of the Purchase Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Reliance&#146;s obligation to pay the Drilling Carry Obligation shall be reduced in cash calls under any Applicable Operating
Agreement by the Title Defect Cash Call Payment Amount in accordance with Section&nbsp;11.2(d)(ii)(A)(1)(bb) of the Purchase Agreement, in which case the Title Defect Cash Call Payment Amount shall be paid by Atlas on behalf of Reliance and all such
payments shall be treated for purposes of this Agreement as if such Title Defect Cash Call Payment Amounts had been paid by Reliance in satisfaction of the Drilling Carry Obligation. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Reliance&#146;s obligation to pay Reliance Development Costs shall be reduced in any applicable cash calls under an Applicable
Operating Agreement to the extent required pursuant to Section&nbsp;11.2(d)(ii)(A)(2) of the Purchase Agreement, and such reduced amounts shall be paid by Atlas on behalf of Reliance. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Atlas&#146;s obligation to pay Atlas Development Costs shall be reduced in cash calls under any Applicable Operating Agreement by the
Title Benefit Cash Call Payment Amount in accordance with clause (i)(A) of the second sentence of Section&nbsp;11.2(e) of the Purchase Agreement, in which case the Title Benefit Cash Call Payment Amount shall be paid by Reliance on behalf of Atlas
and all such payments shall be treated for purposes of this Agreement as if such Title Benefit Cash Call Payment Amounts had been paid by Atlas. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) The Drilling Carry Cap shall be increased in accordance with clause (i)(B) of the second sentence of Section&nbsp;11.2(e) of the
Purchase Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Atlas&#146;s obligation to pay Atlas Development Costs shall be reduced in any applicable cash calls
under an Applicable Operating Agreement to the extent required pursuant to clause (ii)&nbsp;of the second sentence of Section&nbsp;11.2(e) of the Purchase Agreement, and such reduced amounts shall be paid by Reliance on behalf of Atlas. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) Without limiting the rights, obligations and remedies of the parties under the Purchase
Agreement and under this <U>Section&nbsp;3.4</U> with respect to title, no burden on title for any Joint Interest existing or accruing on or prior to the date of this Agreement shall be considered a subsequently created interest for purposes of any
Applicable Operating Agreement, whether or not reflected on any Schedule to an Applicable Operating Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;3.5 <U>Breach of Drilling Carry Obligation</U>. In the event that, at any time during the Drilling Carry Period, Reliance
fails to pay any amounts (the &#147;<B><I>Drilling Carry Shortfall</I></B>&#148;) when due in satisfaction of the Drilling Carry Obligation, and such default remains uncured for more than 30 days after written notice of such default to Reliance,
then Atlas shall be entitled to draw an amount equal to the Drilling Carry Shortfall under the Letter of Credit in accordance with the terms of the Letter of Credit Agreement and the Letter of Credit and under the Reliance Guarantee in accordance
with the terms of the Reliance Guarantee. In the event that, for any reason, the exercise of the remedies under the Letter of Credit and the Reliance Guarantee shall not have resulted in Atlas&#146;s receipt of the full amount of the Drilling Carry
Shortfall within the time specified for payment in the Letter of Credit and the Reliance Guarantee, then, without limiting any other rights and remedies Atlas might have, at equity or at law, and in addition to the remedies set forth in
<U>Article&nbsp;X</U> of this Agreement, Atlas and its Affiliates shall also be entitled to exercise any one or more of the following remedies, in Atlas&#146;s discretion: </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) exercise Atlas&#146;s rights to receive a permanent assignment, for no consideration and with a special warranty for claims by,
through or under Reliance and its Affiliates subject to Permitted Encumbrances, of an undivided Unpaid Carry Percentage interest in the Conveyed Interests held by Reliance and its Affiliates, excluding any Drilling Unit (and related wells) within
the Conveyed Interests on which a well has been drilled; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) replace Reliance as Development Operator in each case where
Reliance has been so appointed in accordance with this Agreement, and Reliance shall no longer have the right to be so appointed or act as Development Operator; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) prohibit Reliance&#146;s access to any data or information relating to any matters or operations conducted under this Agreement or
any Applicable Operating Agreement; <I>provided</I>, <I>however</I>, that if Reliance retains any Participating Interest Share in the Joint Interests following its failure to pay any amount of the Drilling Carry Obligation, Reliance shall be
entitled to access to only the data and information under this Agreement and any Applicable Operating Agreements to the extent relating to any operations in connection therewith in which it is entitled to continue to participate; and/or </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) terminate <U>Article&nbsp;VI</U> of this Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE IV </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>JOINT OPERATING AGREEMENTS AND OPERATORS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.1 <U>Joint Operating Agreement</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Prior to the commencement of operations for each well to be drilled by Atlas or Reliance on the Joint Interests, to the extent
Reliance is a Development Operator of such Joint Interest, the Parties will enter into a JOA for each Drilling Unit or all or any portion of the Joint Interests relating to such well or wells, as applicable, that is not subject to a third party
operating agreement (a &#147;<B><I>Third Party Agreement</I></B>&#148;), or a joint operating agreement previously entered into by the Parties, as of the date such well is proposed. Each Party, acting in its capacity as a Development Operator
pursuant to the terms of this Agreement, will propose that the Parties enter into JOAs in a reasonably efficient manner as the Development Operator shall determine, taking into account the aggregate acreage to be contributed by the Joint Interests
to such JOA area and the various interests in such contributed acreage. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) In the event any portion of the Joint Interests
is governed by a Third Party Agreement, the terms of that Third Party Agreement will control as between the third party and the Parties to this Agreement; <I>provided, however</I>, that the applicable JOA will apply as between the Parties to this
Agreement to the greatest extent possible. In the event of any conflict or inconsistency between the terms of this Agreement and any JOA entered into between the Parties, this Agreement shall prevail to the extent of such conflict. If the remainder
of the entire interest covered by an existing Third Party Agreement is subsequently acquired, then such Third Party Agreement shall be superseded and replaced in its entirety by a JOA (subject to the prevailing terms of this Agreement). </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.2 <U>Appointment of Operator under JOAs</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Subject to <U>Sections 4.2(b)</U>, <U>4.5</U>, <U>7.1</U>, <U>7.3</U> and <U>10.1</U>, Atlas is entitled to serve as Development
Operator under this Agreement and operator under the JOAs in respect of the Joint Interests. With respect to the Joint Interests for which Atlas is entitled to be Development Operator pursuant to the preceding sentence, Atlas or such wholly-owned
Subsidiary of Atlas Parent as Atlas shall designate shall serve as operator under the JOAs. Subject to <U>Sections 3.5</U>, <U>7.1</U> and <U>10.1</U>, with respect to the Joint Interests for which Reliance becomes entitled to be Development
Operator pursuant to <U>Sections 4.2(b)</U>, <U>4.5</U>, <U>7.1</U>, <U>7.3</U> or <U>10.1</U>, Reliance shall serve as operator under the JOAs. All references in this Agreement to &#147;Development Operator&#148; shall be deemed to include such
Party in its role as Development Operator under this Agreement and in its role (or in the case of Atlas, in its or its designee&#146;s role) as operator under an Applicable Operating Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Notwithstanding the foregoing, including the assignment of operating rights to Atlas, Reliance is hereby granted the following
options to become a Development Operator, exercisable in accordance with the terms and conditions of this <U>Section&nbsp;4.2</U>: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) an option, exercisable within 120 days following the Effective Date, to become the Development Operator on a date that
is no earlier than the first anniversary of the Effective Date, or such earlier date as may be mutually agreed by the Parties (the date on which Reliance first becomes a Development Operator, the &#147;<B><I>First Reliance Operator
Date</I></B>&#148;), of the acreage located in one, and only one, of the following Project Areas (as selected in accordance with this <U>Section 4.2(b)(i)</U>, the &#147;<B><I>First Project Area</I></B>&#148;): </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) Project Area 1 &#151; the geographic area indicated on <U>Schedule&nbsp;4.2(b)(i)(A)</U>; </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) Project Area 2 &#151; the geographic area indicated on
<U>Schedule&nbsp;4.2(b)(i)(B)</U>; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C) Project Area 3 &#151; the geographic area indicated on
<U>Schedule&nbsp;4.2(b)(i)(C)</U>; or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(D) Project Area 4 &#151; the geographic area indicated on
<U>Schedule&nbsp;4.2(b)(i)(D)</U>. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) an option, exercisable within 30 days following the first anniversary
of the First Reliance Operator Date, to become the Development Operator on a mutually agreeable date (the &#147;<B><I>Second Reliance Operator Date</I></B>&#148;) of the acreage located in one, and only one, of the remaining Project Areas listed in
<U>Section&nbsp;4.2(b)(i)</U> (the &#147;<B><I>Second Project Area</I></B>&#148;) if, Reliance (A)&nbsp;has completed at least 85% of the wells planned for the period following the first anniversary of the First Reliance Operator Date for the First
Project Area in the relevant Annual Work Plan and Budget prior to such first anniversary date (<I>provided</I> that, if there is a Force Majeure Event that results in Reliance&#146;s inability to achieve the drilling target referred to above, then
such first anniversary date shall be automatically extended on a day-to-day basis to the extent such Force Majeure Event continues to result in such inability) and (B)&nbsp;has materially complied with the terms of the applicable JOA relating to the
First Project Area; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) an option, exercisable within 30 days following the date that is six months
following the Second Reliance Operator Date, to become the Development Operator on a mutually agreeable date of the acreage located in one, and only one, of the remaining Project Area listed in <U>Section&nbsp;4.2(b)(i)</U> (the &#147;<B><I>Third
Project Area</I></B>&#148;) if Reliance (A)&nbsp;has completed at least 85% of the wells planned for the six month period following the Second Reliance Operator Date for the Second Project Area in the relevant Annual Work Plan and Budget prior to
such six months following the Second Reliance Operator Date (<I>provided</I> that, if there is a Force Majeure Event that results in Reliance&#146;s inability to achieve the drilling target referred to above, then such six month anniversary date
shall be automatically extended on a day-to-day basis to the extent such Force Majeure Event continues to result in such inability) and (B)&nbsp;has materially complied with the terms of the applicable JOA(s) relating to the First Project Area and,
if different, the Second Project Area. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Notwithstanding the rights provided to Reliance in <U>Section&nbsp;4.2(b)</U>, for
each of the Project Areas, Atlas (or a wholly-owned Subsidiary of Atlas Parent) will continue as the Development Operator of any acreage within such selected Project Area (i)&nbsp;until Reliance becomes the operator for such Project Area, and
(ii)&nbsp;in which Atlas (or a wholly-owned Subsidiary of Atlas Parent) is designated operator pursuant to existing Third Party Agreements; <I>provided</I> if Reliance is entitled to become operator for such Project Area under
<U>Section&nbsp;4.2(b)</U>, Atlas and its Affiliates will vote and otherwise take all actions reasonably available under any such Third Party Agreement to designate Reliance as operator for such Project Area. If Reliance fails to elect within the
relevant time limits specified in <U>Section&nbsp;4.2(b)</U> to become Development Operator for any of the Project Areas, Reliance will be deemed to have declined to exercise such option and will have no further rights to become Development Operator
for any future project areas without Atlas&#146;s consent. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) The Parties may mutually agree from time to time to designate Reliance as the operator
of additional acreage located in the AMI, subject to any existing Third Party Agreements that require Atlas or any wholly-owned Subsidiary of Atlas Parent to be the operator of such acreage. In addition, at any time following the appointment of
Reliance as Development Operator for the Third Project Area, Reliance may submit a proposal to Atlas for Reliance to assume drilling and completion operations for a Project Area within the &#147;core&#148; acreage bound by this Agreement, and Atlas
will consider such proposal, taking into account the provisions in the Multi-Year Plan; <I>provided</I>, <I>however</I>, that Reliance shall have no right to assume any operations within such &#147;core&#148; acreage without Atlas&#146;s consent.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) If Reliance becomes an operator pursuant to the provisions of this <U>Section&nbsp;4.2</U>, then (i)&nbsp;Reliance will
be entitled to act as, and will have the rights and obligations of, operator under the relevant JOA (and, as necessary, the Parties will enter into a JOA to cover the relevant Project Area or acreage), and (ii)&nbsp;Reliance will be entitled to act
as, and will have the rights and obligations of, Development Operator (subject, without limitation, to this <U>Section&nbsp;4.2</U>, <U>Section&nbsp;5.2</U> and <U>Section&nbsp;6.5</U>) with respect to such Project Area or acreage pursuant to this
Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) During the Drilling Carry Period, with respect only to the Project Areas for which Reliance has elected to
become the Development Operator in accordance with this Agreement, Reliance shall have the right to propose no more than the number of wells set forth for such Project Area in the Multi-Year Plan. When acting as Development Operator as provided
above, during the Drilling Carry Period, Reliance will drill no more than the number of wells set forth in the applicable Annual Work Plan and Budget for the relevant portion of the acreage. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.3 <U>Development Operator and Duties</U>. In addition to any other duties and responsibilities expressly set forth in this
Agreement, each Development Operator will have the following rights and obligations: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) prepare and issue statements or
invoices to each of the Parties reflecting such Party&#146;s Participating Interest Share of the Development Costs in respect of the Joint Interests for which it has been designated operator; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) during the Drilling Carry Period only, make such changes to any Annual Work Plan and Budget as each Development Operator may
determine acting as a reasonably prudent operator in respect of the Joint Interests for which it has been designated operator; <I>provided</I> that, subject to <U>Section&nbsp;5.2(c)</U>, the Development Operator shall not drill more wells in any
Calendar Year than the total number of wells set forth in the Multi-Year Plan to be drilled by such Development Operator for such Calendar Year in the areas operated by such Development Operator; </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) make expenditures called for in any applicable Annual Work Plan and Budget in respect of
the Joint Interests for which it has been designated operator; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) notwithstanding the terms of any Applicable Operating
Agreement to the contrary, at the option of any Party, at such Party&#146;s expense, secure any title curative matters (other than with respect to the Conveyed Interest) and pooling amendments or agreements required of such Party under the
Applicable Operating Agreement in connection with leases or other rights to oil and gas included in the Joint Interests, provided that the Party&#146;s expenses for such requested actions shall be paid by such Party in accordance with
<U>Section&nbsp;2.1</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.4 <U>Rights of Way</U>. Each Party hereby grants, and shall cause its Subsidiaries to
grant, to each other Party hereunder a non-exclusive right (to the extent such right is transferable, and each Party shall, and shall cause its Subsidiaries to, use commercially reasonable efforts to obtain consents to transfer such right if it is
transferrable with consent) for no consideration to use any surface fee interests, surface leases, easements, rights-of-way, licenses, servitudes, or other surface real property rights within the AMI that are not already included in the Joint
Interests and held by such Party or its Subsidiaries (collectively, the &#147;<B><I>Rights of Way</I></B>&#148;) as necessary to allow the other Party, while acting as a Development Operator pursuant to this Agreement, to conduct operations with
respect to the Joint Interests in accordance with this Agreement or any Applicable Operating Agreement under which such Party is acting as Development Operator, but only to the extent such use or access does not unreasonably interfere with the
existing operations of or use by the Party or such Party&#146;s Subsidiaries that hold such Rights of Way, and subject in all cases to (i)&nbsp;the express terms, conditions, obligations and limitations set forth in the documents or instruments
establishing such Rights of Way, (ii)&nbsp;applicable Law relating to the Rights of Way areas or the use thereof, (iii)&nbsp;with respect to Rights of Way existing as of the Effective Date, any right of access or use (and any such access or use) of
any co-owner of such Rights of Way existing on the Effective Date, (iv)&nbsp;with respect to any Rights of Way acquired after the date hereof, any right of access or use (and any such access or use) of any co-owner of such Rights of Way existing as
of the date of such acquisition (<I>provided</I> that such rights of access or use (or such access or use) shall not burden one Party disproportionately as compared to the other Party with respect to such rights), and (v)&nbsp;any contractual
obligation as effective on the Effective Date that the Party holding such Rights of Way may have to convey or provide use of Rights of Way to LMM. Each Party&#146;s right to access the Rights of Way of the other Party pursuant to this
<U>Section&nbsp;4.4</U> may be transferred to any Person in connection with a Transfer that is permitted pursuant to the terms of this Agreement to the extent such Party&#146;s right to act as a Development Operator pursuant to this Agreement with
respect to the Joint Interests for which such Rights of Way are related is entirely conveyed to such Person as a consequence of such Transfer. Rights to Rights of Way granted under this <U>Section&nbsp;4.4</U> shall terminate upon the termination of
the JOA that corresponds to the area of such Rights of Way. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.5 <U>Removal or Resignation of Operators</U>.
Notwithstanding the terms of any Applicable Operating Agreements, and subject to <U>Article X</U>, a Development Operator may be removed as Development Operator under this Agreement (and as an operator under any other Applicable Operating Agreement)
only for Good Cause. &#147;Good Cause&#148; shall be deemed to exist if such operator has (a)&nbsp;breached any of its material obligations under this Agreement or the Applicable Operating Agreements, and has not cured any such breach within 60 days
of receiving written notice with reasonable details describing such breach; or (b)&nbsp;engaged in fraud, willful misconduct or gross negligence in the performance of its duties with respect to this Agreement or the Applicable Operating Agreements.
If there is a dispute (including a dispute raised by Development Operator under this Agreement or as operator under any Applicable Operating Agreement) as to whether a condition resulting in Good Cause has occurred, or whether such condition has
been cured, the Party acting as Development Operator shall continue to serve and discharge its duties in such capacity, including as operator under any Applicable Operating Agreement, until the dispute has been finally resolved pursuant to
<U>Section&nbsp;13.9</U>. If a Development Operator has been removed from serving as operator under an Applicable Operating Agreement pursuant to the terms of this <U>Section&nbsp;4.5</U>, then the other Party shall have the right to become
Development Operator under this Agreement and operator under the Applicable Operating Agreements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.6 <U>Operations Subject to Laws, Leases and Operating Agreement</U>. All
operations conducted pursuant to this Agreement by a Development Operator or pursuant to an Applicable Operating Agreement by any Development Operator shall be conducted in compliance with the terms and conditions of all applicable Law; the terms
and conditions of those Joint Interests upon which such operations are conducted; the terms and conditions of this Agreement; subject to <U>Section&nbsp;4.1(b)</U>, the terms and conditions of the Applicable Operating Agreement; and any other
standards or guidelines agreed upon in writing by the Parties. The Development Operator will conduct operations as a reasonable prudent operator, in a good and workmanlike manner, with due diligence and dispatch, in accordance with good oilfield
practice, and in compliance with applicable Law. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.7 <U>Liability of Operators</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Subject to being removed in accordance with <U>Section&nbsp;4.5</U>, in no event shall any Party serving as the Development Operator
have any liability as Development Operator under this Agreement or an operator under any Applicable Operating Agreement for any claim, damage, loss or liability (&#147;<B><I>Liabilities</I></B>&#148;) sustained or incurred in connection with any
operation or any breach of <U>Section&nbsp;4.6</U> or any similar provision regarding the standard of performance of an operator in performing operations under any Applicable Operating Agreement, EVEN IF SUCH LIABILITIES AROSE IN WHOLE OR IN PART
FROM THE ACTIVE, PASSIVE, SOLE OR CONCURRENT NEGLIGENCE, STRICT LIABILITY OR OTHER FAULT OF SUCH PARTY, ANY OF ITS AFFILIATES OR ANY OFFICER, PARTNER, MEMBER, STOCKHOLDER, DIRECTOR, MANAGER OR EMPLOYEE OF SUCH PARTY, OTHER THAN IF SUCH LIABILITIES
AROSE FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH PARTY, ANY OF ITS AFFILIATES OR ANY OFFICER, PARTNER, MEMBER, STOCKHOLDER, DIRECTOR, MANAGER OR EMPLOYEE OF SUCH PARTY (WHICH LIABILITIES ARE THE SUBJECT OF <U>SECTION 4.7(b)</U>); it
being understood by each Party that such Liabilities, other than those which are the subject of <U>Section&nbsp;4.7(b)</U>, shall be borne severally by the Parties (including such operator) in proportion to their interests in the operations or
activities giving rise to such Liabilities; <I>provided </I>that the Development Operator shall not be released from liability for a breach of any financial, administrative or procedural obligation of the Development Operator under this Agreement or
under any Applicable Operating Agreement. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Any Party serving as the Development Operator shall bear sole responsibility on behalf
of the Parties for any Liabilities sustained or incurred in connection with operations conducted under this Agreement or under an Applicable Operating Agreement to the extent any such Liabilities arose from the gross negligence or willful misconduct
of such Party or any of its Affiliates or any officer, partner, member, stockholder, director, manager or employee of such Party or Affiliate of such Party. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Notwithstanding anything to the contrary contained in this Agreement or in any Applicable Operating Agreement, neither Party acting
as the Development Operator shall be liable for the gross negligence or willful misconduct of an employee seconded by the other Party, nor shall the gross negligence or willful misconduct of an employee seconded by the other Party be grounds for
removal of the Development Operator in accordance with <U>Section&nbsp;4.5</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.8 <U>Custody of Funds</U>. The
Development Operator shall hold or cause a qualified escrow agent or trustee to hold for the account of the Parties any funds of the Parties advanced or paid to the Development Operator for the conduct of Development Operations pursuant to this
Agreement and an Applicable Operating Agreement, and such funds shall remain the funds of the Party on whose account they are advanced or paid until used as provided in accordance with the terms of this Agreement and an Applicable Operating
Agreement. The Development Operator shall hold the funds advanced by the other Party for Development Costs in the same account as the Development Operator&#146;s funds for such Development Costs, and the Development Operator shall not commingle
funds received in respect of Development Costs with other funds of the Development Operator or its Affiliates. Nothing in this <U>Section&nbsp;4.8</U> shall be construed to establish a fiduciary relationship between Development Operator and any
Party for any purpose. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.9 <U>Seconded Employees</U>. Notwithstanding the terms of any Applicable Operating
Agreement to the contrary, Reliance may second up to 10 employees into the Atlas organization in mutually acceptable positions to further the operations conducted under this Agreement, and such seconded employees will have full access to all
operational information (including geophysical and seismic information) held by Atlas. If Reliance elects to second any employees pursuant to this <U>Section&nbsp;4.9</U>, the Parties will enter into a secondment agreement that is reasonably
acceptable to Reliance and Atlas. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.10 <U>Gas Marketing</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The following provisions of this <U>Section&nbsp;4.10</U> shall control over any conflicting provisions set forth in this Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) For the period commencing on the Effective Date and ending on the first anniversary of the Effective Date (the
&#147;<B><I>Marketing Period</I></B>&#148;), Reliance designates Atlas (and any Subsidiary of Atlas Parent designated by Atlas) as the marketer of Reliance&#146;s share of Hydrocarbon production occurring during the Marketing Period from any lease,
Drilling Unit or acreage related to the Joint Interests (the &#147;<B><I>Reliance Production</I></B>&#148;) in accordance with and subject to the following terms of this <U>Section&nbsp;4.10</U>. Atlas&#146;s share of Hydrocarbon production from the
same lease, Drilling Unit or acreage related to the Joint Interests is herein referred to as the &#147;<B><I>Atlas Production</I></B>&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Unless Reliance otherwise consents to the same in writing, none of the Reliance
Production may be marketed to Atlas itself or any Affiliate of Atlas. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Atlas will market the Reliance Production and Atlas
Production collectively on market-based terms. As to each marketing transaction, the same terms (including price) will apply to the Atlas Production and the Reliance Production covered by such transaction; <I>provided</I>, in no event will the terms
of any such transaction include any noncompetition, area of mutual interest restriction, preferential purchase right, dedication of properties, security deposit or other credit support requirements or other similar material terms without the prior
written consent of Reliance (each a &#147;<B><I>Marketing Transaction</I></B>&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) Unless Reliance otherwise consents
to the same in writing, Atlas will not commit any of the Reliance Production to any obligations or to a Marketing Transaction containing a term that extends beyond the Marketing Period. If Reliance consents to any such commitments or obligations
that extend beyond the term of the Marketing Period, then Reliance shall continue to be bound by such commitments or obligations following the end of the Marketing Period. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Title to the Reliance Production will remain in Reliance until such time as title to such Reliance Production is required to be
transferred to the buyer under the terms of the applicable Marketing Transaction. Except for the terms of each Marketing Transaction, Atlas will not have the right under this Agreement to encumber any of the Reliance Production in any manner or to
secure Reliance&#146;s obligations to pay Reliance&#146;s share of gas gathering fees or other fees under the LMM Gas Gathering Agreements. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) Atlas will instruct the buyer under each Marketing Transaction to make payment for the Reliance Production directly to an account
designated by Reliance. If any payment for Reliance Production is received by Atlas or any of its Affiliates, such party will be deemed to have received such payment in trust for Reliance and shall forward such payment to Reliance immediately
following receipt thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) If agreed by LMM, any gathering fees or other fees incurred by Atlas under the LMM Gas
Gathering Agreements in respect of the Reliance Production will be invoiced by LMM to Reliance and paid directly by Reliance to LMM. In the absence of such arrangement, Atlas shall be entitled to provide to Reliance on or before the 5th day of any
month during the Marketing Period (each, a &#147;<B><I>Relevant Month</I></B>&#148;) an invoice with an estimate of the gathering fees and other fees that will become due during the following month for Reliance Production gathered under the LMM Gas
Gathering Agreements during the Relevant Month, and Reliance shall pay such estimated fees to Atlas on or prior to the 20th day of such Relevant Month. Estimates delivered for subsequent months shall contain a true up and adjustment for, to the
greatest extent available at such time, the actual fees that become due during the applicable Relevant Month as compared to the estimate for such Relevant Month and will include supporting invoices or similar documentation from LMM with respect to
prior months for which an estimated payment has been made. In no event will the per unit gathering and treating fees payable by Reliance exceed the per unit gathering and other fees charged to Atlas. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) During the Marketing Period, Atlas will make all nominations that are required to be made to LMM under the LMM Gas Gathering
Agreements or that are required under the terms of any Marketing Transaction. As requested by Atlas from time to time, Reliance will reasonably cooperate and coordinate with Atlas in order to permit Atlas to perform under the terms of the LMM Gas
Gathering Agreements with respect to Reliance Production, and Reliance shall indemnify, defend and hold Atlas harmless from any breach of the LMM Gas Gathering Agreements with respect to Reliance Production to the extent arising from any failure to
so reasonably cooperate and coordinate. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) At any time during the Marketing Period, Reliance and its Affiliates shall approach LMM
for the purpose of discussing and entering into a separate gas gathering agreement with LMM covering Reliance Production. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k)
Each Party will be responsible for conducting (for its own account) any hedging activities with respect to its production. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(l) Following the Marketing Period each Party will be entitled to market its own production independent of the other Party or the other
Party&#146;s production, subject to the commitments made pursuant to <U>Section&nbsp;4.10(e)</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(m) During the Marketing
Period, Atlas will provide accounts receivable collection, revenue accounting, system balancing and back office services on behalf of the Parties as to the Atlas Production and the Reliance Production. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(n) As soon as reasonably possible following the Effective Date, the Parties shall in good faith agree on the types of reports and
information that will be prepared or submitted by Atlas to Reliance in respect of activities conducted under this <U>Section&nbsp;4.10</U> during the Marketing Period. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(o) If, at the end of the Marketing Period, Reliance is not a party to a separate gas gathering agreement with LMM covering the Reliance
Production, then Atlas and Reliance will enter into a gas gathering agreement on the terms described in <U>Exhibit J</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;4.11 <U>Title Examination</U>. The title examination of the Conveyed Interests by Reliance shall be conducted only under and
in accordance with the terms of Article&nbsp;XI of the Purchase Agreement. Reliance shall not be entitled to conduct title examination of, or cause title corrective work to be made with respect to, the Conveyed Interests pursuant to the terms of
this Agreement or any Applicable Operating Agreement. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE V </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>JOINT DEVELOPMENT COMMITTEE, MEETINGS, BUDGET </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.1 <U>Joint Development Committee</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) There is hereby created a joint development committee (the &#147;<B><I>Joint Development Committee</I></B>&#148;), which will consist
of 10 representatives designated by the Parties. For the avoidance of doubt, the role of the Joint Development Committee shall be only of an advisory capacity to each Party&#146;s management with no authority with respect to the approval of Annual
Work Plan and Budgets, AFEs or expenditures of any other nature. Each Party shall be entitled to designate one representative for each 10% Participating Interest Share of the Joint Interests held by such Party and its Affiliates on an aggregate
basis and rounded to the nearest 10% interest; <I>provided</I> that, solely for the purposes of this <U>Section&nbsp;5.1(a)</U>, if such rounding would cause the number of representatives on the Joint Development Committee to be greater than 10,
each Participating Interest Share shall be deemed to be rounded down and the holder of the largest Participating Interest shall be entitled to appoint its representatives to fill any vacancies; <I>provided further</I> that any change in the number
of representatives permitted to be designated by a Party to the Joint Development Committee pursuant to this <U>Section&nbsp;5.1(a)</U> shall be immediate. As of the date of this Agreement, Atlas is entitled to designate six representatives with
respect to its 60% Participating Interest Share, and Reliance is entitled to designate four representatives with respect to its 40% Participating Interest Share. The Party entitled to appoint the largest number of representatives to the Joint
Development Committee (or, in the event that there is more than one such Party, the Party entitled to appoint the largest number of representatives to the Joint Development Committee that shall have last been the JDC Operator) shall be the
&#147;<B><I>JDC Operator</I></B>&#148;. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) The Joint Development Committee will meet no less than once per calendar month at a
mutually agreed time and at the offices of the JDC Operator, which shall be located in the Commonwealth of Pennsylvania, unless otherwise mutually agreed to conduct the following activities: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) review operational activity and performance with respect to the Joint Interests, including well design, construction,
completion, maintenance, lease operating expenses, well potentials and production; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) review authorizations
for expenditures (each an &#147;<B><I>AFE</I></B>&#148;) and any other matter raised by a Party relating to any aspect of the Multi-Year Plan, the Development Plan and Annual Work Plan and Budget then in effect; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) review and discuss all geoscience data, data gathering strategies, including seismic and all other relevant data
relating to the Multi-Year Plan, the Development Plan and Annual Work Plan and Budget then in effect; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv)
review annual comparisons between planned and actual well costs, the related root cause analysis, corrective action plans, total unit finding and development costs, and estimated ultimate recoveries. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) At least once every three calendar months the Parties shall meet at a mutually agreed time and at the offices of the JDC Operator
unless otherwise mutually agreed to conduct a review of the activities under this Agreement, all financial results in connection with Development Operations and the plans and drilling schedule for activities under the Multi-Year Plan, the
Development Plan or the Annual Work Plan and Budget, as applicable, and other plans or activities relating to the Joint Interests and the AMI for the following 12 months. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) The Joint Development Committee may establish such subcommittees as the Joint Development Committee may deem appropriate. The
functions of such subcommittees shall be to serve in an advisory capacity only. Each Party shall have the right to appoint a number of representatives to each subcommittee on a pro rata basis in accordance with its Participating Interest Share.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) Each notice of a meeting of the Joint Development Committee as provided by the JDC
Operator shall contain: (i)&nbsp;the date, time and location of the meeting; (ii)&nbsp;a proposed agenda of the matters to be considered at the meeting and (iii)&nbsp;copies of all proposals to be discussed at a meeting (including appropriate
supporting information not previously distributed to the Parties); <I>provided</I> the Joint Development Committee will have no approval rights on any such proposals. A Party, by notice to the other Party, which notice may include any additional
proposals to be discussed at the meeting (including appropriate supporting information not previously distributed to the Parties), may add additional matters to the agenda for a meeting. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) With respect to meetings of the Joint Development Committee and each subcommittee, JDC Operator&#146;s duties shall include:
(i)&nbsp;timely preparation and distribution of the agenda; and (ii)&nbsp;organization and conduct of the meeting. The JDC Operator shall provide each Party with a copy of the minutes of each Joint Development Committee meeting within 15 Business
Days after the end of the meeting. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.2 <U>Annual Work Plan and Budgets during the Drilling Carry Period</U>.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The initial Annual Work Plan and Budget covering the remainder of Calendar Year 2010 in respect of the Parties&#146;
joint activities is attached hereto as <U>Exhibit&nbsp;F</U>. The initial Annual Work Plan and Budget includes development activities relating to certain prospective wells identified on <U>Exhibit G</U> (the &#147;<B><I>Prospective
Wells</I></B>&#148;) which are in various stages of development. The work carried out and to be conducted with respect to the Prospective Wells are agreed to be Development Operations relating to the Joint Interests pursuant to the provisions of
this Agreement and the Applicable Operating Agreement entered into as of the Effective Date for such Prospective Wells. Once Reliance has paid its Participating Interest Share of Development Costs and 75% of Qualified Costs incurred by Atlas prior
to the Effective Date with respect to such Prospective Wells, Reliance shall be deemed to have an interest in the Prospective Wells equal to its Participating Interest Share. Reliance and Atlas shall be responsible for all other Development Costs
and Qualified Costs for the Prospective Wells in accordance with this Agreement and the Applicable Operating Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)
During the Drilling Carry Period, Atlas shall prepare and provide to Reliance, for its review (and not approval), at least 90 days prior to the beginning of each Calendar Year an Annual Work Plan and Budget, which will be consistent with the
Multi-Year Plan for the Initial Development Period except for such changes by the Development Operator as permitted under <U>Section&nbsp;4.3(b)</U>; <I>provided</I>, subject to the terms of <U>Section&nbsp;4.2(f) and 4.3(b)</U>, the Annual Work
Plan and Budget shall reflect the information provided by Reliance and approved by Atlas with respect to any Project Area(s) operated by Reliance. If the Drilling Carry Period extends beyond the Initial Development Period, then Atlas shall issue a
revised Multi-Year Plan applicable for the remainder of the Drilling Carry Period; provided the revised Multi-Year Plan shall provide a maximum number of 300 gross wells to be drilled in respect of the Joint Interests during any Calendar Year. The
Development Operator will be authorized to conduct activities under the Annual Work Plan and Budget, as it may be modified from time to time pursuant to <U>Section&nbsp;4.3(b)</U>. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) For any Calendar Year during the Drilling Carry Period following the first Calendar Year
and subject to <U>Section&nbsp;5.2(d)</U>, the Annual Work Plan and Budget prepared by Atlas will not provide for a number of wells to be drilled by Atlas and the applicable wholly-owned Subsidiaries of Atlas Parent in the Atlas Operated Area in
excess of the number specified for the relevant Calendar Year in the Multi-Year Plan; <I>provided</I>, <I>however</I>, that, in the event that Atlas and the applicable wholly-owned Subsidiaries of Atlas Parent drill fewer wells in any given Calendar
Year during the Drilling Carry Period in the Atlas Operated Area than the number of wells collectively provided for in the Multi-Year Plan for such Calendar Year in the Atlas Operated Area, then in any subsequent Calendar Year during the Drilling
Carry Period, Atlas and the applicable wholly-owned Subsidiaries of Atlas Parent shall have the right to propose a number of wells in excess of the number specified for such Calendar Year in the Multi-Year Plan in the Atlas Operated Area to the
extent necessary to catch up to the aggregate number of wells to be drilled in the Atlas Operated Area in accordance with the Multi-Year Plan. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) If, (i)&nbsp;in the Calendar Year prior to the Calendar Year in which the Multi-Year Plan calls for the drilling of 300 wells
(without taking into account any catch up wells Atlas is entitled to propose under <U>Section&nbsp;5.2(c)</U>) or (ii)&nbsp;in any subsequent Calendar Year during the Drilling Carry Period, the Average Well Cost in such Calendar Year for wells
drilled by Atlas and its Affiliates exceeds the Average Well Cost set forth in the Annual Work Plan and Budget for such Calendar Year by more than 20% (an &#147;<B><I>Excess Cost Event</I></B>&#148;), then, at Reliance&#146;s written election, the
Annual Work Plan and Budget for the following Calendar Year (any such following Calendar Year, an &#147;<B><I>Excess Cost Year</I></B>&#148;) will not provide for a drilling plan comprising more than 200 gross wells for such following Calendar Year,
unless the Parties mutually agree to a number of wells in excess of 200 gross wells (such 200 gross wells or such agreed number in excess of 200 gross wells, the &#147;<B><I>Restricted Wells</I></B>&#148;); <I>provided</I>, <I>however</I>, that if
the number of Restricted Wells is less than the sum of 300 gross wells and any additional wells Atlas would otherwise seek to propose under <U>Section&nbsp;5.2(c)</U>, then in addition to the right to propose excess wells in any subsequent Calendar
Year pursuant to <U>Section&nbsp;5.2(c)</U>, the Drilling Carry Period shall be automatically extended by the Drilling Carry Extension Factor up to a maximum of seven and one-half years after the Effective Date; and <I>provided further</I> that the
foregoing restrictions regarding the number of wells to be drilled will end on the Drilling Carry Termination Date and the provisions of <U>Section&nbsp;5.3</U> shall apply thereafter. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) If at any time during the Drilling Carry Period a Development Operator reasonably becomes aware that any effective Annual Work Plan
and Budget, as amended from time to time, will be exceeded by 20% or more, the Development Operator will promptly notify the Non-Operating Interest Holder and submit to the Non-Operating Interest Holder an appropriate supplement or amendment to the
existing budget. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Notwithstanding anything to the contrary in this Agreement, if, during the Drilling Carry Period, except
to the extent arising from the occurrence of any Force Majeure Event, the aggregate costs relating to wells drilled and completed by Reliance exceed the aggregate amounts relating to similar wells drilled and completed by Atlas during the same
Calendar Year by more than 10%, Reliance will be solely responsible for and shall indemnify Atlas against any such excess amounts. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) The Development Operator shall provide an AFE prior to the commencement of operations
for each such well, and in no event later than any request by the Development Operator for advance payment of funds pursuant to the applicable JOA. The Development Operator initially intends to provide an initial AFE at least 120 days prior to the
commencement of operations. The Development Operator shall update such AFE as necessary prior to the commencement of operations, and thereafter with respect to further operations. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.3 <U>Development Plans and Annual Work Plan and Budgets After the Drilling Carry Termination Date</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From and after the Drilling Carry Termination Date, each Development Plan and Annual Work Plan and Budget shall be adopted as set
forth in this <U>Section&nbsp;5.3</U>. All Development Plans and Annual Work Plan and Budgets after the Drilling Carry Termination Date shall be initially proposed by Atlas and shall be subject to the Parties&#146; approval pursuant to the terms of
this <U>Section&nbsp;5.3</U>. Atlas shall regularly advise the Joint Development Committee in accordance with <U>Section&nbsp;5.1(b)</U> and <U>(c)</U>&nbsp;during the preparation of each proposed Development Plan and Annual Work Plan and Budget
after the Drilling Carry Termination Date. On or before the date that is no later than three months prior to the first Calendar Year after the Drilling Carry Termination Date, Atlas shall prepare and submit to Reliance a Development Plan setting
forth the Development Operations to be carried out during the following two Calendar Years and the respective Annual Work Plan and Budgets for such Calendar Years. Following receipt of such proposed Development Plan and Annual Work Plan and Budgets,
Reliance shall furnish to Atlas any comments, suggestions or proposed amendments it may have respecting the proposed Development Plan and Annual Work Plan and Budgets as soon as may be reasonably practicable, and Atlas shall consider and discuss
such comments, suggestions and proposed amendments with Reliance and the Joint Development Committee. If the Parties do not mutually agree to such two-year Development Plan and Annual Work Plan and Budgets by the date that is 30 days prior to the
first day of such Calendar Year, then the Development Plan and the Annual Work Plan and Budget for such Calendar Year shall be deemed to provide for a drilling plan comprising 300 gross wells per Calendar Year (the &#147;<B><I>Drilling
Maximum</I></B>&#148;), unless the Parties mutually agree to a number of gross wells in excess of 300 as the maximum for such Calendar Year, and the Parties shall be entitled to propose wells as follows: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) first, Atlas shall be entitled to propose a number of gross wells up to Atlas&#146;s Participating Interest Share of
the Drilling Maximum (or such number of wells mutually agreed as the maximum) for such Calendar Year; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)
second, Reliance shall then be entitled to propose that number of wells such that its total net wells (taking into account the wells proposed by Atlas in which Reliance shall participate) does not exceed Reliance&#146;s Participating Interest Share
of the Drilling Maximum (or such number of wells mutually agreed as the maximum) for such Calendar Year; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii)
third, Atlas shall then be entitled to propose that number of wells such that its total net wells (taking into account the wells proposed by Reliance in which Atlas shall participate) does not exceed Atlas&#146;s Participating Interest Share of the
Drilling Maximum (or such number of wells mutually agreed as the maximum) for such Calendar Year; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) fourth, Reliance and Atlas shall continue to engage in the steps set
forth in clauses (ii)&nbsp;and (iii)&nbsp;above until the sum of such total net wells (taking into account the wells in which Reliance and Atlas shall participate) equals the Drilling Maximum (or such number of wells mutually agreed as the maximum)
for such Calendar Year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) From and after the first Calendar Year after the Drilling Carry Termination Date, Atlas shall
continue to regularly advise the Joint Development Committee during the preparation of subsequent proposed Development Plans and Annual Work Plan and Budgets. The Parties shall meet annually to consider and seek to approve by no later than 60 days
prior to the first day of the following Calendar Year, a Development Plan setting forth the Development Operations to be carried out during the following two Calendar Years and the respective Annual Work Plan and Budgets for such Calendar Years. If
the Parties agree on a two-year Development Plan and the Annual Work Plan and Budgets for such Calendar Years, then (i)&nbsp;such agreed Development Plan and Annual Work Plan and Budgets shall apply for the first of the two Calendar Years covered by
such Development Plan and Annual Work Plan and Budgets and (ii)&nbsp;at least three months prior to the second Calendar Year (the &#147;<B><I>Second Calendar Year</I></B>&#148;) covered by such Development Plan and Annual Work Plan and Budgets,
Atlas shall prepare and submit to Reliance a revised Development Plan and Annual Work Plan and Budgets describing (a)&nbsp;the Development Operations to be conducted in the Second Calendar Year and (b)&nbsp;the activities to be undertaken in the
Calendar Year after the Second Calendar Year. If the Parties do not mutually agree to such revised Development Plan and Annual Work Plan and Budgets by the date that is 60 days prior to the first day of the Second Calendar Year, then any Development
Plan and Annual Work Plan and Budget previously approved by the Parties for such Second Calendar Year shall apply to such Second Calendar Year. Except as set forth in the immediately preceding sentence, if the Parties have not approved a Development
Plan and Annual Work Plan and Budget to apply to any Calendar Year by the date that is 30 days prior to the first day of such Calendar Year, then the Development Plan and the Annual Work Plan and Budget for such Calendar Year shall be deemed to
provide for a drilling plan comprising an amount of wells equal to the Drilling Maximum, and the Parties shall be entitled to propose wells as follows: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) first, Atlas shall be entitled to propose a number of gross wells up to Atlas&#146;s Participating Interest Share of
the Drilling Maximum (or such number of wells mutually agreed as the maximum) for such Calendar Year; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii)
second, Reliance shall then be entitled to propose that number of wells such that its total net wells (taking into account the wells proposed by Atlas in which Reliance shall participate) does not exceed Reliance&#146;s Participating Interest Share
of the Drilling Maximum (or such number of wells mutually agreed as the maximum) for such Calendar Year; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii)
third, Atlas shall then be entitled to propose that number of wells such that its total net wells (taking into account the wells proposed by Reliance in which Atlas shall participate) does not exceed Atlas&#146;s Participating Interest Share of the
Drilling Maximum (or such number of wells mutually agreed as the maximum) for such Calendar Year; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) fourth, Reliance and Atlas shall continue to engage in the steps set
forth in clauses (ii)&nbsp;and (iii)&nbsp;above until the sum of such total net wells (taking into account the wells in which Reliance and Atlas shall participate) equals the Drilling Maximum (or such number of wells mutually agreed as the maximum)
for such Calendar Year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) The Parties must participate in all Development Operations provided for under the terms of
<U>Section&nbsp;5.2</U>, unless a Party makes a non-consent election in writing to the other Party at the same time a Development Plan and Annual Work Plan and Budget is agreed or deemed to apply for the following Calendar Year pursuant to the terms
of <U>Section&nbsp;5.2</U>. The rights for each Party to propose wells in areas operated by the other Party in accordance with this Agreement shall not grant a Party any rights to be designated operator in areas operated by the other Party.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) Any Party may propose to amend a Development Plan or an Annual Work Plan and Budget by notice to the Joint Development
Committee and the other Party. Approval of any such amendment shall require the approval of both Parties. To the extent that such amendment is approved by the Parties, the Development Plan and relevant Annual Work Plan and Budget shall, subject to
any required approvals under any Third Party Agreement, be deemed amended accordingly, provided that any such amendment shall not invalidate any commitment or expenditure already made by an operator under an Applicable Operating Agreement in
accordance with any previous authorization given pursuant hereto. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) Notwithstanding anything to the contrary in this
<U>Section&nbsp;5.3</U>, after the Drilling Carry Period, any Party may propose Development Operations that are not included in the Development Plan or a then-current approved Annual Work Plan and Budget (a &#147;<B><I>Non-Budgeted
Operation</I></B>&#148;). Any such Non-Budgeted Operation proposed by a Party in which all Parties agree to participate shall automatically be added to the Development Plan and the applicable approved Annual Work Plan and Budget(s) and shall cease
to be a Non-Budgeted Operation. Any such Non-Budgeted Operation in which less than all of the Parties elect to participate may be undertaken as a Sole Risk Development Operation under the terms of the relevant Applicable Operating Agreement.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) Any Development Operation proposed by a third party in which all Parties elect to participate shall automatically be
added to the Development Plan and the applicable approved Annual Work Plan and Budget(s). Any such Development Operation in which less than all of the Parties elect to participate that may be undertaken as a Sole Risk Development Operation under the
terms of the relevant Applicable Operating Agreement may be so proposed and conducted. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) Approval by the Parties of an
Annual Work Plan and Budget and Development Plan pursuant to <U>Section&nbsp;5.3(a)</U> or <U>5.3(b)</U> shall constitute the Parties&#146; deemed approval for any Development Operator to expend up to 20% in excess of the authorized amount
applicable to its operations within each Annual Work Plan and Budget, not to exceed in the aggregate 20% of the aggregate amount applicable to its operations in such Annual Work Plan and Budget. Each Development Operator shall promptly notify the
Joint Development Committee of any expenditure made by it in the exercise of its rights pursuant to this <U>Section&nbsp;5.3(g)</U>. The 20% deemed approval levels set forth in this <U>Section&nbsp;5.3(g)</U> shall be calculated with respect to the
original amount of an Annual Work Plan and Budget and shall not apply to any amended Annual Work Plan and Budget. If a Development Operator seeks to spend any amounts in excess of the 20% deemed approvals pursuant to this <U>Section&nbsp;5.3(g)</U>,
then the Parties shall meet and seek to agree to an amended Development Plan and Annual Work Plan and Budget for the applicable Calendar Year pursuant to <U>Section&nbsp;5.3(b)</U>. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) Notwithstanding anything to the contrary in this Agreement, any Development Operator is
expressly authorized to make expenditures and incur liabilities without prior authorization or approval when necessary or advisable, in such Development Operator&#146;s good faith judgment, to deal with emergencies, including well blowouts, fires,
oil spills, or any other similar event, which may endanger property, lives, or the environment. Each Development Operator shall as soon as practicable report to the Parties the nature of any such emergency which arises, the measures it intends to
take in respect of such emergency and the estimated related expenditures. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) To the extent reasonably within the control of
any Development Operator or the other Parties conducting any Development Operation, but subject to Development Operator&#146;s obligations, under <U>Section&nbsp;4.6</U> (including the obligation to act as a reasonable, prudent operator) the
Development Operation shall be conducted consistent with the applicable Development Plan and Annual Work Plan and Budget. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j)
From and after the Drilling Carry Termination Date, without limiting the access of a Party to such other information as such Party may be entitled pursuant to this Agreement or any Applicable Operating Agreement, each Annual Work Plan and Budget
shall contain at least the following, to the extent in the possession of the Development Operator: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) all
Development Operations that are expected to be conducted during such Calendar Year pursuant to the applicable Development Plan; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) an estimate of lease maintenance costs and expenditures required under the terms of existing leases or existing
third-party contracts for the benefit of Development Operations (including each Party&#146;s share thereof); </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) reasonably itemized estimates of the Development Costs (including each Party&#146;s share thereof) for Development
Operations covered by the proposed Annual Work Plan and Budget and Development Plan by budget category, containing sufficient detail (to the extent readily available) to afford the ready identification of the nature, scope and duration of the
activity in question; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) the number of wells proposed to be drilled as part of the Development Operations
during such Calendar Year, the proposed locations of such wells (to the extent reasonably ascertainable at the time such Annual Work Plan and Budget and Development Plan is proposed), and the estimated Development Costs (including each Party&#146;s
share thereof) associated therewith; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) estimates of the schedule pursuant to which the Parties&#146; share of
Development Costs for Development Operations included in the Annual Work Plan and Budget and Development Plan are anticipated to be incurred by the Parties; and </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) any other information requested in writing by a Party that can reasonably be provided by the Development Operator.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k) If and to the extent that Reliance is entitled to become Development Operator pursuant to <U>Section&nbsp;4.5</U>,
<U>7.1</U>, <U>7.3</U> or <U>10.1 (but, in the case, of Section&nbsp;10.1, only for so long as Atlas shall be in default)</U>, then Atlas shall no longer be entitled to exercise any of its rights set forth in <U>Section&nbsp;5.2</U> and <U>5.3</U>,
and thereafter Reliance shall be entitled to exercise all of Atlas&#146;s rights set forth in <U>Section&nbsp;5.2</U> and <U>5.3</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.4 <U>Contract Awards After the Drilling Carry Period</U>. From and after the Drilling Carry Termination Date, prior to
entering into a Development Operations Contract that can reasonably be expected to result in aggregate payments to the counterparty of more than ten million dollars during any Calendar Year, a Development Operator shall (i)&nbsp;consult with the
other Party with respect thereto and (ii)&nbsp;provide a summary of the material terms of such contract to the other Party. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.5 <U>Reports</U>. The Development Operator shall provide the following data and reports to the Joint Development Committee
no less frequently than at the meetings called for pursuant to <U>Sections 5.1(b)</U> and <U>5.1(c)</U>, and otherwise from time to time as a Party may reasonably request, for each Development Operation for which it serves as the Development
Operator: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) copies of all logs or surveys, including in digitally recorded format if such exists; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) daily drilling and production reports; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) copies of all tests and core data and analysis reports; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) final well recap reports; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) copies of all plugging reports; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f) subject to the sentence below: (i)&nbsp;engineering studies, development schedules and annual progress reports on development
projects; and (ii)&nbsp;field and well performance reports, including reservoir studies and reserve estimates; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g) copies of
written notices provided by any third Person regarding material violations or potential material violations of applicable Law; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h) copies of all material reports provided to any governmental authority; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) upon written request of a participating Party, copies of any material correspondence between such Development Operator and any
governmental authority; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j) copies of all title opinions, including as applicable drill site title opinions and division
order title opinions; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k) such other information as may be reasonably requested by a Party entitled to participate
in such Development Operation (and then only with respect to such Development Operation). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Notwithstanding the foregoing, if
any of the foregoing data or reports under clause (f)&nbsp;above is generated, assembled or prepared by a third party that is not an Affiliate of Development Operator (&#147;<B><I>Third Party Prepared Information</I></B>&#148;), then unless the
costs of such third party&#146;s services with respect to such Third Party Prepared Information are chargeable to the joint account for such participating Parties, the Development Operator shall not be required to furnish such Third Party Prepared
Information to any participating Party, other than any participating Party that pays Development Operator its Participating Interest Share of the cost of such Third Party Prepared Information. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.6 <U>Certain Affiliate Contracts</U>. All work performed or materials supplied by Affiliates or related parties of a
Development Operator shall be performed or supplied at competitive rates, pursuant to written agreements, and in accordance with customs and standards prevailing in the industry. Notwithstanding the foregoing, Atlas or an Affiliate of Atlas is party
to two drilling services contracts with Crown Drilling, an Affiliate of Atlas, and the Parties hereby agree that each of such contracts as existing on the Effective Date meet the requirements of this <U>Section&nbsp;5.6</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.7 <U>Participation or Non-Participation During the Drilling Carry Period</U>. During the Drilling Carry Period, no Party
shall be entitled to make any non-consent or similar election under any Applicable Operating Agreement; <I>provided</I>, <I>however</I>, that, for any Calendar Year that is an Excess Cost Year, each Party shall be entitled to make any non-consent or
similar election under any Applicable Operating Agreement; <I>provided further</I>, that Reliance shall not be entitled to make any non-consent or similar election during any Excess Cost Year with respect to more than 200 wells. If Reliance shall
make any non-consent or similar election under any Applicable Operating Agreement during an Excess Cost Year during the Drilling Carry Period, then, notwithstanding the consequences of non-participation elections as set forth in the Applicable
Operating Agreement, Reliance shall remain responsible for, and shall pay to Atlas (on the same basis as if Reliance had not made any non-consent or similar election under the Applicable Operating Agreement), 75% of the aggregate Qualified Costs
included within the Atlas Development Costs. Any election by Reliance to non-consent or similar election under any JOA for an Excess Cost Year shall be made to Atlas in writing no later than 30 days after Atlas shall have presented to Reliance the
Annual Work Plan and Budget for such Excess Cost Year. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;5.8 <U>Reimbursement of Development Operator for Overhead
Costs</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) From and after the Effective Date until the expiration of this Agreement, notwithstanding anything to the
contrary set forth in <U>Article V</U> of this Agreement or Exhibit &#147;C&#148; or similar accounting provisions of any Applicable Operating Agreement, as between the Parties, each Party and any transferee of all or any such Party&#146;s
Participating Interest Share will be responsible for and pay its Participating Interest Share of certain overhead costs and expenses (&#147;<B><I>Direct Overhead Costs</I></B>&#148;) incurred by Atlas in connection with Development Operations in
accordance with <U>Exhibit I</U>. The Multi-Year Plan reflects the Development Operator&#146;s estimate of Direct Overhead Costs during the Initial Development Period. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;
</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Prior to Reliance being entitled to act as a Development Operator for any Project Area,
Atlas and Reliance shall mutually agree a reasonable overhead allocation methodology for the Project Areas to be operated by Reliance, and in the absence of such agreement, Atlas and Reliance will agree a standard COPAS overhead election under
Article III of the JOA Accounting Procedure. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) No later than the date that is six months prior to the expiration of this
Agreement, the Parties will mutually agree on the treatment of overhead following expiration of this Agreement under a standard COPAS overhead election under each Applicable Operating Agreement; provided that until such agreement is reached,
notwithstanding the termination or expiration of this Agreement, the overhead allocation methodology applicable to each such party pursuant to this Section&nbsp;5.8 shall continue to apply. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE VI </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>AREA OF MUTUAL INTEREST AND ADDITIONAL ACREAGE </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.1 <U>Area of Mutual Interest</U>. The Parties agree that the Area of Mutual Interest (the &#147;<B><I>AMI</I></B>&#148;)
will include Allegheny, Armstrong, Butler, Cambria, Clarion, Clearfield, Fayette, Greene, Indiana, McKean, Somerset, Washington and Westmoreland Counties, Pennsylvania, and Preston County, West Virginia. For the avoidance of doubt, the AMI includes
all depths within such counties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.2 <U>Acquisition of Acreage in the AMI</U>. If, after the date hereof, Atlas
or any of its Affiliates (collectively, the &#147;<B><I>Atlas Persons</I></B>&#148;) or Reliance or any of its Affiliates (collectively, the &#147;<B><I>Reliance Persons</I></B>&#148;), <U>directly or indirectly</U>, acquire any additional acreage
within the AMI to complete a Drilling Unit, Atlas, with respect to acquisitions by an Atlas Person, and Reliance, with respect to acquisitions by a Reliance Person, will promptly provide written notice to the other Party of such acquisition,
including the material terms and conditions of such acquisition. Within 30 days after such notice is delivered to the other Party, such Party shall purchase its Participating Interest Share of such acquired acreage in the AMI from the applicable
Atlas Person or Reliance Person, as the case may be. At the closing of such purchase, the purchasing Party will be required to pay in cash to the selling Party its Participating Interest Share of the acquisition costs and third party expenses,
including lease bonuses, broker fees, abstract costs, title opinion costs and all other third party costs of due diligence, including reasonable attorneys&#146; fees (&#147;<B><I>Acquisition Costs</I></B>&#148;). If any Reliance Person desires to
acquire acreage within the AMI to complete a Drilling Unit, such Reliance Person shall provide written notice to Atlas of the proposed acquisition, and Atlas, as the exclusive leasing agent pursuant to <U>Section&nbsp;6.5</U>, shall acquire such
acreage, at Reliance&#146;s sole cost and expense, and immediately thereafter assign such acreage to Reliance subject to Atlas&#146;s obligation to purchase its Participating Interest Share of such acquired acreage pursuant to this
<U>Section&nbsp;6.2</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.3 <U>Acquisition of Option Acreage</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) If, after the date hereof, an Atlas Person, directly or indirectly, acquires or seeks to acquire any additional acreage within the
AMI that is not required to complete a Drilling Unit, then subject to the last sentence of this <U>Section&nbsp;6.3(a)</U>, Atlas (i)&nbsp;will in the case of any acquisition that has already taken place and (ii)&nbsp;may in the case of proposed
acquisition promptly provide written notice to Reliance of such acquisition or proposed acquisition, as applicable, including the material terms and conditions of such acquisition (the &#147;<B><I>Acquisition Notice</I></B>&#148;). Within 15 days
after such Acquisition Notice is delivered to Reliance, Reliance will have the option to acquire all, but not less than all, of its Participating Interest Share of such &#147;non-unit&#148; acreage (the &#147;<B><I>Option Acreage</I></B>&#148;) on
the same terms and conditions on which the Atlas Person acquired or has proposed to acquire the Option Acreage by providing written notice of such election to Atlas. If Reliance fails to exercise its option within such 15-day period, Reliance shall
be deemed to have made an election not to participate. Notwithstanding the foregoing, if an Atlas Person acquires additional acreage in the AMI within six months after the end of a Cure Period (as defined in the Purchase Agreement) for a Title
Defect (as defined in the Purchase Agreement) that such Atlas Person intends to assign to Reliance as Substitute Acreage pursuant to Section&nbsp;11.4(a)(iii) of the Purchase Agreement with respect to such Title Defect acreage, then such acquired
acreage shall not be subject to the requirements hereof and shall not be treated as Option Acreage; <I>provided</I>, <I>however</I>, that any such acreage that is not assigned to Reliance pursuant to Section&nbsp;11.4(a)(iii) of the Purchase
Agreement by the Substitution Date applicable to such Title Defect shall then become treated as Option Acreage and become subject to the requirements hereof relating to Option Acreage. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) If Reliance elects not to participate in accordance with <U>Section&nbsp;6.3(a)</U>, the
Atlas Person will retain 100% of the Option Acreage, which will be excluded from the AMI and will not be governed by the terms of this Agreement or any JOA. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) If Reliance elects to participate in accordance with <U>Section&nbsp;6.3(a)</U>, Reliance shall purchase its Participating Interest
Share of such acquired acreage from the Atlas Person within 15 days of its election in the case of any acquisition that has already taken place, or in the case of a proposed acquisition no later than the later of (such date, the &#147;<B><I>Payment
Date</I></B>&#148;) (i)&nbsp;the closing of such acquisition and (ii)&nbsp;five days after the date Reliance has notified Atlas that it has elected to participate in the acquisition of such Option Acreage. At the closing of such purchase in the case
of any acquisition that has already taken place, Reliance will be required to pay its Participating Interest Share of the Acquisition Costs in cash to the Atlas Person; <I>provided</I> in the case of a prospective acquisition, Reliance will make
arrangements satisfactory to Atlas to fund its portion of such acquisition not later than the Payment Date. The oil and gas interests in which Reliance elects to participate with any Atlas Person in accordance with this <U>Section&nbsp;6.3</U> will
be referred to as the &#147;<B><I>Acquired Interests</I></B>.&#148; At the closing of such purchase of the Acquired Interests, the Atlas Person shall deliver to Reliance an assignment of its Participating Interest Share of the Acquired Interests in
the Form of Assignment, without warranty of title either express or implied, except as to adverse claims made by, through or under the applicable Atlas Person, but not otherwise, unless and to the extent the transferor makes warranties to the
applicable Atlas Person, in which case such warranties shall also apply to Reliance. Reliance will be responsible for and will pay the costs of recording such assignment in the real property records of the appropriate county or township as
applicable. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) If at any time, there are more than two parties to this Agreement and only one Non-Operating Interest Holder
elects to participate in the acquisition, then the interest shall be shared between the two participating parties in the proportion that their respective participating interests under this Agreement bears to the sum of their interests. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e) In addition to paying its Participating Interest Share of the Acquisition Costs in
connection with any acquisition of Option Acreage pursuant to this <U>Section&nbsp;6.3</U>, Reliance shall also be required to make the following additional payments to Atlas at the closing of any such purchase: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) With respect to the first 50,000 gross acres of Option Acreage that Reliance elects to purchase its Participating
Interest Share pursuant to this <U>Section&nbsp;6.3</U>, Reliance shall not be required to make any additional payment to Atlas; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) With respect to the next 50,000 gross acres of Option Acreage that Reliance elects to purchase its Participating
Interest Share pursuant to this <U>Section&nbsp;6.3</U> that is in excess of the Option Acreage in <U>Section&nbsp;6.3(e)(i)</U>, Reliance shall pay Atlas an amount in cash equal to the product of (A)&nbsp;$750.00, <I>multiplied by </I>(B)&nbsp;the
Net Acres in which Reliance elects to purchase its Participating Interest Share, <I>multiplied by</I>, (C)&nbsp;the Reliance&#146;s Participating Interest Share; and </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) With respect to any gross acres of Option Acreage in excess of 100,000 gross acres, Reliance shall pay Atlas an
amount in cash equal to the product of (A)&nbsp;$1,500.00, <I>multiplied by</I> (B)&nbsp;the Net Acres in which Reliance elects to purchase its Participating Interest Share, <I>multiplied by</I>, (C)&nbsp;the Reliance&#146;s Participating Interest
Share. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.4 <U>Applicable AMI Acreage</U>. For the purposes of the Parties&#146; respective rights and
obligations under this Agreement: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) If an Atlas Person acquires any additional acreage that lies partially within and
partially outside of the AMI, all such additional acreage shall be deemed to be within the AMI and the relevant Participating Interest Share shall cover all depths acquired by Atlas with respect to the applicable acquisitions; <I>provided</I>,
<I>however</I>, that, except as set forth in <U>Section&nbsp;6.4(b)</U>, the rights and obligations set forth in <U>Section&nbsp;6.2</U> and <U>Section&nbsp;6.3</U> will not apply to acquisitions of acreage by an Atlas Person that occur as a result
of an Atlas Business Transaction. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Notwithstanding the proviso in <U>Section&nbsp;6.4(a)</U>, if, after the Effective
Date, an Atlas Person acquires any acreage in the AMI (i)&nbsp;directly or indirectly as a result of a consolidation, amalgamation, merger or other business combination, or through the acquisition of stock or equity interests or (ii)&nbsp;by
acquiring all or substantially all of the assets of a third party unaffiliated with Atlas Parent, Atlas Energy, Reliance Parent, Reliance and any of their respective Affiliates (each of the transactions described in clauses (i)&nbsp;and (ii), an
&#147;<B><I>Atlas Business Transaction</I></B>&#148;), and if: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) the aggregate consideration in the Atlas
Business Transaction exceeds $500 million, and acreage within the AMI represents 50% or more of the total value of the acquired equity or assets (or, in the case of a consolidation, amalgamation, merger or other business combination, 50% or more of
the total value of such third party) at the time of such acquisition; or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) the aggregate consideration in
the Atlas Business Transaction is $500 million or less, and acreage within the AMI represents 33% or more of the total value of the acquired equity or assets (or, in the case of a consolidation, amalgamation, merger or other business combination,
33% or more of the total value of such third party) at the time of such acquisition; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">then, in each of cases (A)&nbsp;and (B), such acreage within the AMI acquired as a result of the Atlas
Business Transaction shall be treated as Option Acreage, and the Atlas Person shall be obligated to provide Reliance with the option to acquire all, but not less than all, of its Participating Interest Share of such acreage on the same terms and
conditions on which the Atlas Person acquired such acreage, with the price based on the value reasonably allocated to such acreage by such Atlas Person in such acquisition and otherwise pursuant to the terms and procedures set forth in
<U>Section&nbsp;6.3</U>. Notwithstanding anything in this Agreement to the contrary, Atlas and its Affiliates may acquire oil and gas interests from any Person owning acreage in the AMI if such acreage represents less than 50% of the total value of
the interests acquired or to be acquired, and Reliance and its Affiliates shall have no option to acquire any portion of such acreage. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) Except as set forth in <U>Section&nbsp;2.3</U> or otherwise in this <U>Article&nbsp;VI</U>, no Reliance Person shall, without the
prior written consent of Atlas, directly or indirectly, acquire or purchase any acreage in the AMI; <I>provided</I>, <I>however</I>, that Reliance and its Affiliates may (i)&nbsp;directly or indirectly acquire acreage in the AMI as a result of a
consolidation, amalgamation, merger or other business combination, or through the acquisition of stock or equity interests or (ii)&nbsp;acquire all or substantially all of the assets of a third party unaffiliated with Atlas Parent, Atlas Energy,
Reliance Parent, Reliance and any of their respective Affiliates (each of the transactions described in clauses (i)&nbsp;and (ii), a &#147;<B><I>Reliance Business Transaction</I></B>&#148;), and if: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) the aggregate consideration in the Reliance Business Transaction exceeds $500 million, and acreage within the AMI
represents 50% or more of the total value of the acquired equity or assets (or, in the case of a consolidation, amalgamation, merger or other business combination, 50% or more of the total value of such third party) at the time of such acquisition;
or </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) the aggregate consideration in the Reliance Business Transaction is $500 million or less, and acreage
within the AMI represents 33% or more of the total value of the acquired equity or assets (or, in the case of a consolidation, amalgamation, merger or other business combination, 33% or more of the total value of such third party) at the time of
such acquisition; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">then, in each of cases (A)&nbsp;and (B), the Reliance Person shall be obligated to provide Atlas with the option to acquire
all, but not less than all, of its Participating Interest Share of such acreage acquired in the Reliance Business Transaction on the same terms and conditions on which the Reliance Person acquired such acreage, with the price based on the value
reasonably allocated to such acreage by such Reliance Person in such acquisition and otherwise pursuant to the terms and procedures set forth in <U>Section&nbsp;6.3</U> (with the provisions relating to Atlas or Atlas Person set forth therein
applying to Reliance or Reliance Person <I>mutatis mutandis</I>). Notwithstanding anything in this Agreement to the contrary, Reliance and its Affiliates may acquire oil and gas interests from any Person owning acreage in the AMI if such acreage
represents less than 50% of the total value of the interests acquired or to be acquired, and Atlas and its Affiliates shall have no option to acquire any portion of such acreage. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.5 <U>Leasing Responsibility</U>. Notwithstanding anything to the contrary in
this Agreement, but subject to Reliance&#146;s rights in <U>Section&nbsp;2.3</U>, <U>Article VI</U> and <U>Article VIII</U>, Atlas (or such Subsidiary it may designate) is hereby designated, and shall act, as the only Party entitled to lease or
otherwise acquire any and all acreage in the AMI. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;6.6 <U>Third Party Agreements</U>. If, in the acquisition of
acreage pursuant to this Article&nbsp;VI, the Party acquiring such acreage deems it necessary or prudent to enter into a Third Party Agreement or acquires any portion of the Acquired Interests subject to a Third Party Agreement, the terms and
conditions set forth in this Agreement with respect to participation in such acreage will also be subject to the terms and conditions of the Third Party Agreement so that the Acquired Interest will be the net interest in the applicable leasehold
after any third party rights have been exercised with respect to such leasehold acreage. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE VII </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TRANSFER RESTRICTIONS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.1 <U>Restrictions on Transfer</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) <I>Reliance Transfer Restrictions</I>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) During the Drilling Carry Period, without Atlas&#146;s prior written consent, but subject to the exception set forth
in <U>Section&nbsp;7.1(c)(i)</U>, neither Reliance nor any of its Affiliates shall assign, sell, transfer, convey or encumber, whether by assignment, sale, farmout, pledge or otherwise (&#147;<B><I>Transfer</I></B>&#148;), all or any portion of its
rights or obligations under this Agreement or any of the Reliance Participating Interest or the Joint Interests or any other rights or interests obtained or acquired hereunder (collectively, the &#147;<B><I>Reliance Interests</I></B>,&#148; which
shall be deemed to include (i)&nbsp;the equity interests of Reliance and (ii)&nbsp;the interests in an entity in which the Reliance Interests, directly or indirectly, comprise more than 50% (by value) of the assets of such entity). </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) After the Drilling Carry Period, and subject to the requirements of <U>Section&nbsp;7.2</U>, Reliance and its
Affiliates shall be permitted to Transfer all (but, subject to the exceptions set forth in <U>Section&nbsp;7.1(a)(iii)</U> and <U>Section&nbsp;7.1(c)</U>, not less than all) of the Reliance Interests to any Person; <I>provided</I> that, if such
transferee is not a Qualified Transferee, then, upon consummation of such Transfer: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) the restrictions
contained in <U>Section&nbsp;7.1(b)</U> shall terminate; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) Atlas shall have the right to assume the role of
Development Operator for any or all Project Areas; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C) <U>Article&nbsp;VI</U> of this Agreement shall
terminate. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Atlas elects to exercise its rights under clause (B)&nbsp;of the preceding sentence, Atlas must
provide written notice to Reliance no later than 10 days following the earlier of the public announcement of (i)&nbsp;the execution of a definitive agreement providing for such Transfer or (ii)&nbsp;the consummation of such Transfer giving rise to
such right. In the event that Atlas does not send written notice to Reliance specifying whether it exercises its rights under clause (B), Atlas shall be deemed to have waived its rights under such clause. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) Notwithstanding <U>Section&nbsp;7.1(a)(ii)</U>, after the Drilling
Carry Period, and subject to the requirements of <U>Section&nbsp;7.2</U>, Reliance and its Affiliates shall be permitted to Transfer less than all of the Reliance Interests to any Person; <I>provided</I> that, if after such Transfer, the Reliance
Participating Interest following such Transfer shall be less than 50% of the Reliance Participating Interest as of the Effective Date, then, upon consummation of such Transfer: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) the restrictions contained in <U>Section&nbsp;7.1(b) </U>shall terminate; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) Atlas shall have the right to assume the role of Development Operator for any or all Project Areas; and </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C) <U>Article&nbsp;VI</U> of this Agreement shall terminate. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Atlas elects to exercise its rights under clause (B)&nbsp;of the preceding sentence, Atlas must provide written notice
to Reliance no later than 10 days following the earlier of the public announcement of (i)&nbsp;the execution of a definitive agreement providing for such Transfer or (ii)&nbsp;the consummation of such Transfer giving rise to such right. In the event
that Atlas does not send written notice to Reliance specifying whether it exercises its rights under clause (B), Atlas shall be deemed to have waived its rights under such clause. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) <I>Atlas Transfer Restrictions</I>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) During the Drilling Carry Period, without Reliance&#146;s prior written consent, but subject to the exception set
forth in <U>Section&nbsp;7.1(c)(ii)</U>, neither Atlas nor any of its Affiliates shall Transfer all or any portion of its rights or obligations under this Agreement or any of the Atlas Participating Interest or the Joint Interests or any other
rights or interests obtained or acquired hereunder (collectively, the &#147;<B><I>Atlas Interests</I></B>,&#148; which shall be deemed to include interests in an entity in which the Atlas Interests, directly or indirectly, comprise more than 50% (by
value) of the assets of such entity). </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) After the Drilling Carry Period, and subject to the requirements of
<U>Section&nbsp;7.2</U>, Atlas and its Affiliates shall be permitted to Transfer all (but, subject to the exceptions set forth in <U>Section&nbsp;7.1(b)(iii)</U> and <U>Section&nbsp;7.1(c)</U> and the Atlas Credit Agreement, not less than all) of
the Atlas Interests to any Person; <I>provided</I> that, if such transferee is not a Qualified Transferee, then: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) upon the earlier of the execution of a definitive agreement providing for such Transfer or the consummation of such
Transfer, the restrictions contained in Section&nbsp;1 of the Standstill, AMI and Transfer Restriction Agreement shall terminate; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) upon consummation of such Transfer, the restrictions contained in <U>Section&nbsp;7.1(a)</U> shall terminate;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C) upon consummation of such Transfer, Reliance shall have the right to
assume the role of Development Operator for any or all of the Joint Interests; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(D) upon consummation of
such Transfer, <U>Article&nbsp;VI</U> of this Agreement shall terminate. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Reliance elects to exercise its
rights under clause (C)&nbsp;of the preceding sentence, Reliance must provide written notice to Atlas no later than 10 days following the earlier of the public announcement of (i)&nbsp;the execution of a definitive agreement providing for such
Transfer or (ii)&nbsp;the consummation of such Transfer giving rise to such right. In the event that Reliance does not send written notice to Atlas specifying whether it exercises its rights under clause (C), Reliance shall be deemed to have waived
its rights under such clause. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) Notwithstanding <U>Section&nbsp;7.1(b)(ii)</U>, after the Drilling Carry
Period, and subject to the requirements of <U>Section&nbsp;7.2</U> and the Atlas Credit Agreement, Atlas and its Affiliates shall be permitted to Transfer less than all of the Atlas Interests to any Person; <I>provided</I> that, if after such
Transfer, the Reliance Participating Interest shall represent a greater percentage interest in the Joint Interests than the Atlas Participating Interest shall represent in the Joint Interests, then: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) upon the earlier of the execution of a definitive agreement providing for such Transfer or the consummation of such
Transfer, the restrictions contained in Section&nbsp;1 of the Standstill, AMI and Transfer Restriction Agreement shall terminate; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) upon consummation of such Transfer, the restrictions contained in <U>Section&nbsp;7.1(a)</U> shall terminate;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C) upon consummation of such Transfer, Reliance shall have the right to assume the role of Development
Operator for any or all of the Joint Interests; and </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(D) upon consummation of such Transfer,
<U>Article&nbsp;VI</U> of this Agreement shall terminate. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Reliance elects to exercise its rights under
clause (C)&nbsp;of the preceding sentence, Reliance must provide written notice to Atlas no later than 10 days following the earlier of the public announcement of (i)&nbsp;the execution of a definitive agreement providing for such Transfer or
(ii)&nbsp;the consummation of such Transfer giving rise to such right. In the event that Reliance does not send written notice to Atlas specifying whether it exercises its rights under clause (C), Reliance shall be deemed to have waived its rights
under such clause. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) <I>Permitted Transfers</I>. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) Notwithstanding the restrictions on Transfer set forth in <U>Section&nbsp;7.1(a)</U>, but subject to the requirements
of <U>Section&nbsp;7.2</U>, Reliance and its Affiliates may (A)&nbsp;encumber all or a portion of the Reliance Interests solely for financing purposes, subject to the express subordination of any such encumbrance to the rights and obligations of the
parties under this Agreement and the Associated Agreements (<I>provided</I> that, after the Drilling Carry Period only, in making any such encumbrance, the party providing financing to Reliance or its Affiliates shall not be required to comply with
the provisions of <U>Article VII</U> of this Agreement, but shall otherwise be required to include provisions substantially similar to the provisions set forth in Section&nbsp;13.19(b) of this Agreement, with the modifications so that references to
&#147;Atlas&#148; shall be references to &#147;Reliance&#148; and references to &#147;Reliance&#148; shall be references to &#147;Atlas&#148;); and (B)&nbsp;Transfer all or a portion of the Reliance Interests to any Affiliate of Reliance residing
and domiciled within the United States; <I>provided</I> that no Transfer of the Reliance Interests shall relieve Reliance of its Drilling Carry Obligation. </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) Notwithstanding the restrictions on Transfer set forth in <U>Section&nbsp;7.1(b)</U>, but subject to the requirements
of <U>Section&nbsp;7.2</U>, Atlas and its Affiliates may (A)&nbsp;encumber all or a portion of the Atlas Interests solely for financing purposes, subject to the express subordination of any such encumbrance to the rights and obligations of the
parties under this Agreement and the Associated Agreements (except to the extent such subordination would violate the Atlas Credit Agreement) (it being agreed that Atlas shall nonetheless be bound by the obligation set forth in
<U>Section&nbsp;13.19(b)</U> of this Agreement); and (B)&nbsp;Transfer all or a portion of the Atlas Interests to any Affiliate. After the Drilling Carry Period, in making any such encumbrance, the party providing financing to Atlas or any of its
Affiliates shall not be required to comply with the provisions of <U>Article VII</U> of this Agreement, but shall otherwise be required to include provisions substantially similar to the provisions set forth in Section&nbsp;13.19(b) of this
Agreement. Nothing in this Agreement shall prohibit Atlas or any of its Affiliates from Transferring all or a portion of the Atlas Interests to the administrative agent and the lenders under the Atlas Credit Agreement in compliance with the terms
thereof. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.2 <U>Documentation for Transfers; Validity of Transfer</U>. Any Transfer by either Party that is
permitted pursuant to <U>Section&nbsp;7.1</U> shall not be effective unless such other Party has received a document executed by both the transferring Party (or its legal representative) and the permitted transferee that includes: (a)&nbsp;the
notice address of the permitted transferee; (b)&nbsp;such permitted transferee&#146;s express agreement in writing to be bound by all of the terms and conditions of this Agreement and the Applicable Operating Agreements; (c)&nbsp;a description of
the participating interests of the transferring Party and the permitted transferee immediately following the Transfer; and (d)&nbsp;representations and warranties from both the transferring Party and the permitted transferee that the Transfer was
made in accordance with applicable Law (including state and federal securities Law) and the terms and conditions of this Agreement and any applicable Associated Agreements. Each permitted Transfer shall be effective against the other Party as of the
first Business Day of the calendar month immediately following the other Party&#146;s receipt of the document required by this <U>Section&nbsp;7.2</U>. Any attempted Transfer in violation of <U>Section&nbsp;7.1</U> or this <U>Section&nbsp;7.2</U>
shall be, and is hereby declared, null and void <I>ab initio</I>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.3 <U>Change of Control of Atlas or Atlas Parent</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Upon the earlier of the execution of a definitive agreement providing for a Change of Control of Atlas or Atlas Parent or the
consummation of a Change of Control of Atlas or Atlas Parent, then (i)&nbsp;<U>Article&nbsp;VI</U> of this Agreement shall terminate and (ii)&nbsp;the restrictions contained in Section&nbsp;1 of the Standstill, AMI and Transfer Restriction Agreement
shall terminate. In the event that (A)&nbsp;a Change of Control of Atlas or Atlas Parent occurs and (B)&nbsp;the Acquiring Person in such Change-of-Control transaction is not a Qualified Transferee, then, upon consummation of such Change of Control:
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(1) the restrictions contained in <U>Section&nbsp;7.1(a)</U> shall terminate; and </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2) Reliance shall have the right to assume the role of Development Operator for any or all of the Joint Interests.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Reliance elects to exercise its rights under clause (2)&nbsp;of the immediately preceding sentence, Reliance must provide written notice
to Atlas no later than 10 days following the earlier of the public announcement of (I)&nbsp;if publicly disclosed, the execution of a definitive agreement providing for such Change of Control or (II) the consummation of such Change of Control. In
the event that Reliance does not send written notice to Atlas specifying whether it exercises its rights under clause (II), Reliance shall be deemed to have waived its rights under such clause. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Upon the occurrence of a Specified Change of Control, (i)&nbsp;the restrictions contained in Section&nbsp;1 of the Standstill, AMI
and Transfer Restriction Agreement shall terminate, (ii)&nbsp;the restrictions contained in <U>Section&nbsp;7.1(a)</U> shall terminate, (iii)&nbsp;Reliance shall have the right to assume the role of Development Operator for any or all of the Joint
Interests; and (iv)&nbsp;<U>Article&nbsp;VI</U> of this Agreement shall terminate. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">If Reliance elects to exercise its rights
under clause (iii)&nbsp;of the preceding sentence, Reliance must provide written notice to Atlas no later than 10 days following the earlier of the public announcement of (a)&nbsp;the execution of a definitive agreement providing for such Specified
Change of Control or (b)&nbsp;the consummation of such Specified Change of Control. In the event that Reliance does not send written notice to Atlas specifying whether it exercises its rights under clause (iii), Reliance shall be deemed to have
waived its rights under such clause. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;7.4 <U>Maintenance of Uniform Interest</U>. Except as permitted by
Section&nbsp;11.2 of the Purchase Agreement, for the purpose of maintaining uniformity of ownership in the AMI as among the Parties, from and after the expiration of the Drilling Carry Period, no Party shall Transfer any portion of its Joint
Interests unless such Transfer covers the entirety of such Party&#146;s Joint Interests, or an undivided percentage of such Party&#146;s Joint Interests. Any Transfer of a Joint Interest shall also transfer a proportionate share of the transferring
Party&#146;s interest in this Agreement and all of the Applicable Operating Agreements. For the avoidance of doubt, nothing in this <U>Section&nbsp;7.4</U> shall prevent a Party from transferring Joint Interests in accordance with the terms and
conditions of this Agreement. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE VIII </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>RIGHT OF FIRST OFFER IN PROSPECTIVE AREA </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;8.1 <U>Reliance ROFO</U>. If Atlas desires to sell to any non-Affiliate of Atlas greater than five percent (5%), in one
transaction or in any series of related transactions, of the interest held by Atlas as of the date hereof in any of its leases as in effect as of the date hereof located in the Prospective Area (the &#147;<B><I>ROFO Interest</I></B>&#148;),
including as a result of receiving an unsolicited third party offer, then Atlas shall promptly provide Reliance with written notice of such potential Sale (the &#147;<B><I>ROFO Notice</I></B>&#148;). Atlas shall make available all reasonable and
appropriate due diligence information with respect to the Prospective Area, and Reliance shall have 30 days following receipt of the ROFO Notice (the &#147;<B><I>ROFO Period</I></B>&#148;) to review all such information. On or before the end of the
ROFO Period, Reliance shall have the option (but not the obligation) (the &#147;<B><I>Reliance ROFO</I></B>&#148;) to make an offer (the &#147;<B><I>Reliance Offer</I></B>&#148;) at a specified per acre price (the &#147;<B><I>Reliance Offer
Price</I></B>&#148;) for the ROFO Interest. If Reliance does not submit the Reliance Offer by end of the ROFO Period, Reliance will be deemed to have waived the Reliance ROFO. Upon receipt of the Reliance Offer, Atlas shall notify Reliance within 30
days whether it will accept the Reliance Offer on the terms and provisions set forth in the Reliance Offer, including the Reliance Offer Price; <I>provided, however</I>, that if (a)&nbsp;the Reliance ROFO is for all, and not less than all, of the
ROFO Interest, (b)&nbsp;the Reliance Offer Price is solely for cash and is, on a present value basis as of the date thereof (using a discount rate of 10%), equal to or greater than $8,000 per Net Acre, and (c)&nbsp;the remaining terms of the
Reliance Offer are consistent in all material respects with, and no less favorable in any material respect (except as to price), to Atlas than the terms and conditions of this Agreement, then Atlas, notwithstanding any offer Atlas may have received
from a third party with more favorable terms than the Reliance Offer, shall be required to accept the Reliance Offer. If Atlas accepts the Reliance Offer, the Parties will consummate the sale of the ROFO Interest at the Reliance Offer Price and
otherwise on the terms of the Reliance Offer. If Reliance fails to tender the Reliance Offer Price to Atlas and Atlas has tendered binding definitive documentation on the terms of the Reliance Offer to consummate the Transfer contemplated by the
Reliance Offer within 180 days of Atlas&#146;s acceptance of the Reliance Offer, then Reliance will be deemed to have waived the Reliance ROFO. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;8.2 <U>Waiver of Reliance ROFO</U>. If the Reliance ROFO is waived, or deemed
waived pursuant to <U>Section 8.1</U>, or Atlas rejects the Reliance Offer as permitted under <U>Section&nbsp;8.1</U>, then Atlas shall have the right to market, offer, negotiate, enter into an agreement and consummate the sale of the ROFO Interests
described in the ROFO Notice to a third party for a period of 180 days after the expiration of the ROFO Period occurs and without any obligation to obtain the consent of Reliance to such Transfer; <I>provided</I>, <I>however</I>, that Atlas may not
consummate any such sale to a third party unless such sale is (i)&nbsp;for a price that is higher on a net present value basis, using a discount rate of 10%, than the Reliance Offer Price and (ii)&nbsp;otherwise on terms the same as, or more
favorable to Atlas, than the terms of the Reliance Offer. If, however, Atlas does not enter into a definitive agreement for the sale of the ROFO Interests to a third party within such 180-day period on such terms (and, if such definitive agreement
is executed, such sale is not closed within the later of 180 days after the expiration of the ROFO period and 30 days following the execution of such definitive agreement), the proposed sale shall again become subject to the Reliance ROFO in
<U>Section&nbsp;8.1</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;8.3 <U>Applicability of Transfer Restrictions</U>. Any sale pursuant to this
<U>Article&nbsp;VIII</U> must comply with the requirements set forth in <U>Article VII</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE IX </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>LAND AND GEOSCIENCE DATA </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.1 <U>Land Information</U>. Subject to <U>Section&nbsp;9.2</U>, each Party will have access to existing leasehold
documentation now or hereafter developed or obtained by any Party in connection with the acquisition of interests in the AMI (including the Joint Interests, but excluding any acreage with respect to which such Party either (i)&nbsp;elects not to
acquire pursuant to <U>Article VI</U> or (ii)&nbsp;has no obligation to offer to sell to the other Party pursuant to <U>Article VI</U>), including all lease, land, title and division order files (including any available abstracts of title, title
opinions and reports, and title curative documents), contracts, accounting records, correspondence, permitting, engineering, production, and well files (including any well logs), to the extent such access is not prohibited pursuant to any third
party confidentiality agreement or applicable law. Such information has been, and shall be, provided to Reliance without warranty as to completeness or accuracy. To the extent such access is prohibited pursuant to any third party confidentiality
agreement, Atlas will use its commercially reasonable efforts, at Reliance&#146;s sole expense with Reliance&#146;s consent, to obtain the consent of the applicable party to disclose any such data to Reliance if such disclosure is otherwise
prohibited without such consent. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.2 <U>Geoscience Data</U>. To the extent that a Party is not prohibited
pursuant to any third party agreement or applicable law, such Party will provide to any other Party, upon request, all seismic and geological data and other similar information including drainage data, seismic surveys, geological and geophysical
maps, shot point location maps, information regarding fracing of wells and related information regarding the development and operation of the Joint Interests that such Party may possess. Atlas will use its commercially reasonable efforts, at
Reliance&#146;s sole expense with Reliance&#146;s consent, to obtain the consent of the applicable party to disclose any such data to Reliance if such disclosure is otherwise prohibited without such consent. Except as provided in
<U>Section&nbsp;2.5</U>, the costs of any such information for the Joint Interests obtained following the Effective Date will be Development Costs to be borne by the Parties. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;9.3 <U>No Warranty of Accuracy</U>. THE PARTIES RECOGNIZE AND AGREE THAT ALL MATERIALS, DOCUMENTS, AND OTHER INFORMATION,
MADE AVAILABLE TO IT AT ANY TIME IN CONNECTION WITH THIS AGREEMENT, WHETHER MADE AVAILABLE PURSUANT TO THIS SECTION OR OTHERWISE, ARE MADE AVAILABLE TO IT AS AN ACCOMMODATION, AND WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND, WHETHER EXPRESS,
IMPLIED OR STATUTORY, AS TO THE ACCURACY AND COMPLETENESS OF SUCH MATERIALS, DOCUMENTS, AND OTHER INFORMATION. EACH PARTY EXPRESSLY AGREES THAT ANY RELIANCE UPON OR CONCLUSIONS DRAWN THEREFROM SHALL BE AT SUCH PARTY&#146;S OWN RISK TO THE MAXIMUM
EXTENT PERMITTED BY LAW AND SHALL NOT GIVE RISE TO ANY LIABILITY OF OR AGAINST THE OTHER PARTY. EACH PARTY HEREBY WAIVES AND RELEASES ANY CLAIMS ARISING UNDER THIS AGREEMENT, COMMON LAW OR ANY STATUTE ARISING OUT OF ANY MATERIALS, DOCUMENTS OR
INFORMATION PROVIDED TO SUCH PARTY. NOTWITHSTANDING THE FOREGOING, THIS <U>SECTION 9.3</U> SHALL NOT AFFECT THE EXPRESS RIGHTS OF THE PARTIES UNDER THE PURCHASE AGREEMENT. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE X </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>DEFAULT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.1 <U>Defaults</U>. In the event that either Party (the &#147;<B><I>Defaulting Party</I></B>&#148;) fails to pay any
amounts relating to its Participating Interest Share of Development Costs when due (provided that Atlas shall not be a Defaulting Party or otherwise be in default under this Agreement or any Associated Agreement as a consequence of its failure to
fund any portion of Qualified Costs with respect to which it has elected to apply any of the Drilling Carry Obligation in accordance with <U>Section&nbsp;3.1</U>), and such default remains uncured more than 30 days after written notice of such
default <B><I></I></B>from the other Party (the &#147;<B><I>Non-Defaulting Party</I></B>&#148;) to such Defaulting Party, then, in addition to the remedies available to the Non-Defaulting Party under the Applicable Operating Agreements and those
remedies that occur automatically pursuant to <U>Section&nbsp;10.1(b)</U>, the Non-Defaulting Party shall be entitled to exercise, in the sole discretion of the Non-Defaulting Party, any one or more of the following remedies, during the period of
time that the Defaulting Party is in default: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) the Non-Defaulting Party, in its capacity as Development Operator, shall be
entitled to offset any amounts that the Defaulting Party failed to pay and any losses, damages or expenses incurred by the Non-Defaulting Party or any of its Affiliates resulting or arising from such failure to pay, against any distributions or
entitlements otherwise payable or allocable (including with respect to Oil and Gas (as defined in the JOA)) to, or funds held for the benefit of, the Defaulting Party or its Affiliates under this Agreement and any Associated Agreement; </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 44 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) the Defaulting Party will: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i) automatically lose the right to make or elect to participate in any proposal under this Agreement or any Applicable
Operating Agreement, including under <U>Section&nbsp;5.2</U> and <U>5.3</U>; </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(ii) automatically lose the right
to approve or disapprove any matter with respect to which approval is expressly required under the terms of this Agreement or any Applicable Operating Agreement (excluding any amendment or waiver of the terms of any such agreement); </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iii) subject to the proviso set forth in <U>Section&nbsp;3.5(c)</U>, automatically lose the right to access any data or
information relating to any operation conducted under this Agreement or any Applicable Operating Agreement (except to the extent that the Defaulting Party has not been removed as a Development Operator, in which case the Defaulting Party shall be
entitled to such data and information only as may be necessary to perform its responsibilities in such capacity); </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(iv) automatically be deemed to be replaced as Development Operator, as applicable, by the Non-Defaulting Party;
</FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(v) automatically be deemed to be a Non-Consenting Party (as defined in such Applicable Operating Agreement)
for any well to be subsequently drilled under any of the Applicable Operating Agreements during the period of default; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vi) automatically lose the right to exercise any of its rights pursuant to <U>Articles V</U> or <U>VI</U>; </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(vii) automatically lose the right to exercise the right to withhold consent under any provision of <U>Article VII</U>; or
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 45 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(viii) when Reliance is the Defaulting Party, automatically lose the right
to exercise any right pursuant to <U>Article VIII</U>; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) the Non-Defaulting Party shall be entitled to seek specific
performance of any of the Defaulting Party&#146;s obligations under this Agreement or any Associated Agreement; or </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) the
Non-Defaulting Party shall be entitled to recover from the Defaulting Party all reasonable attorneys&#146; fees and other reasonable costs sustained in the collection of amounts owed by the Defaulting Party under this Agreement or any Associated
Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.2 <U>Non-Exclusive Remedies</U>. The rights and remedies granted to the Non-Defaulting Party in
<U>Section&nbsp;10.1</U> and in any Applicable Operating Agreement shall be cumulative, not exclusive, and shall be in addition to any other rights and remedies that may be available to the Non-Defaulting Party, at law, in equity or otherwise. Each
right and remedy available to the Non-Defaulting Party may be exercised from time to time and so often and in such order as may be considered expedient by such Non-Defaulting Party in its sole discretion. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;10.3 <U>Interest</U>. Amounts in default pursuant to <U>Article&nbsp;III</U> and this <U>Article&nbsp;X</U> shall bear
interest from the date of default to the date of collection at the lesser of (a)&nbsp;a rate equal to the one month London Inter-Bank Offer Rate (as published in the <I>Wall Street Journal</I>) plus an additional 6 percentage points, and
(b)&nbsp;the maximum amount of interest permitted under applicable law. </FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE XI </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TERM AND TERMINATION </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.1 <U>Term</U>. The term of this Agreement shall begin on the Effective Date and, unless earlier terminated by mutual
written agreement of the Parties, shall continue until the twelve (12)&nbsp;year anniversary of this Agreement. The provisions of <U>Sections 4.4</U> and <U>11.2</U> and <U>Articles XII</U> and <U>XIII</U> (other than <U>Sections 13.1</U> and
<U>13.2</U>) shall survive termination of this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;11.2 <U>Termination</U>. Any executed JOA shall,
subject to <U>Section&nbsp;3.5</U>, survive the termination of this Agreement. In the event there are leases in which both Parties continue to hold an interest relating to the Joint Interests that remain in effect upon termination pursuant to
<U>Section&nbsp;11.1</U>, as to which a JOA has not been executed, Atlas and Reliance shall execute JOAs covering any such leases. </FONT></P>
<P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE XII </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>TAX PARTNERSHIP </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;12.1 <U>Tax Partnership</U>. Notwithstanding any provision of this Agreement or any provision of the Associated Agreements
to the contrary, the Parties agree that the operations hereunder shall constitute a partnership for federal, and to the extent allowable by Law, state and local income tax purposes, and that the provisions of the Tax Partnership Agreement are hereby
incorporated into and made a part of this Agreement and will govern the legal relationship between the Parties solely with respect to federal (and if allowable, state and local) income tax matters. In the event of any conflict or inconsistency
between the terms and conditions of the Tax Partnership Agreement and the terms and conditions of this Agreement or any attachment or exhibit hereto or any Applicable Operating Agreement, the terms and conditions of the Tax Partnership Agreement
shall govern and control as between the Parties. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 46 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ARTICLE XIII </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>MISCELLANEOUS PROVISIONS </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.1 <U>Non-Solicit; Non-Hire</U>. Each Party shall not, and shall cause its Representatives not to, without the prior
written consent of the other Party, directly or indirectly, hire, employ, retain as a contractor or enter into any contract or other agreement with any of the officers or employees of the other Party or its Affiliates, or otherwise solicit, induce
or otherwise encourage any officer or employee of the other Party or its Affiliates to discontinue, cancel or refrain from entering into any relationship (contractual or otherwise) with the other Party or any Affiliate of such Party. The foregoing
restriction will expire with respect to any person two years following the date on which such person&#146;s employment with the originally employing Party or its Affiliates has terminated. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.2 <U>Notices</U>. All notices and communications required or permitted under this Agreement shall be in writing addressed
as indicated below, and any communication or delivery hereunder shall be deemed to have been duly delivered upon the earliest of: (a)&nbsp;actual receipt by the Party to be notified; (b)&nbsp;if by facsimile, upon confirmation by the recipient of
receipt, provided that a copy of such notice has also been sent by Federal Express overnight delivery (or other reputable overnight delivery service); or (c)&nbsp;if by Federal Express overnight delivery (or other reputable overnight delivery
service), two days after deposited with such service. Addresses for all such notices and communication shall be as follows: </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="82%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:Times New Roman" SIZE="2">To&nbsp;Atlas:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">Atlas Energy Resources, LLC</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">West Pointe Corporate Center I</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1550 Coraopolis Heights Road, Second Floor</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Moon
Township, Pennsylvania 15108</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jay Hammond</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(412) 262-2820
</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">with&nbsp;a&nbsp;copy&nbsp;to:</FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jones Day</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">717 Texas, Suite 3300</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Houston, Texas 77002</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention: Facsimile:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jeff Schlegel</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(832)&nbsp;239-3600</FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">with&nbsp;a&nbsp;copy&nbsp;to:</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Wachtell, Lipton, Rosen&nbsp;&amp; Katz</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">51 West
52</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> Street</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York 10019</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">David Lam</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">(212)&nbsp;403-2000</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 47 - </FONT></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="82%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">To&nbsp;Reliance:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reliance Marcellus, LLC</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">2000 W. Sam Houston Pkwy, Suite 700</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Houston,
Texas 77042</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Fax:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">(713)&nbsp;430-8799</FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Either Party may, upon written notice to the other Party, change the address and person to whom such communications are to be directed.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.3 <U>Relationship of the Parties</U>. This Agreement is strictly contractual in nature and is not intended to
create, and shall not be construed to create, an association for profit, a trust, an agency, a joint venture, a partnership or other relationship of partnership, or entity of any kind between the Parties, or otherwise to create fiduciary duties
between the Parties. Notwithstanding anything to the contrary contained herein, the Parties understand and agree that the arrangement and undertakings evidenced by this Agreement and the Purchase Agreement, taken together, result in a partnership
for purposes of federal income taxation and for purposes of certain state income tax laws which incorporate or follow federal income tax principles as to tax partnerships. For these purposes, the Parties agree to be governed by the Tax Partnership
Agreement. For every purpose other than the above-described income tax purposes, however, the Parties understand and agree that, except as provided in <U>Section&nbsp;13.20</U> with respect to the parties comprising Atlas, the Liabilities of the
Parties shall be several, not joint or collective, and that each Party shall be solely responsible for its own obligations. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.4 <U>Publicity and Recordation of Documents</U>. Neither Atlas nor Reliance, nor their respective Affiliates, shall issue
any press release or similar public announcement pertaining to this Agreement or the Associated Agreements or the transactions contemplated hereby or thereby without the prior consent of the other Party (which consent shall not be unreasonably
withheld, delayed or conditioned), except as may be required by applicable Law or by obligations pursuant to any listing agreement with any national securities exchange, as reasonably determined by the Party issuing such press release or making such
public announcement, in which case such issuing or announcing party shall provide prior notice of such press release or public announcement to the other Party; <I>provided</I>, in the case of any press release or public announcement to be issued or
made in connection with the consummation of this transaction, the Parties agree to reasonably cooperate in advance of such issuance or announcement. The Parties agree to cooperate in good faith and execute such documents and to take such action as
may be required to have the assignments and any other documents which are necessary or helpful to establish, for purposes of public notice, Reliance&#146;s rights in the Joint Interests filed of public record in the conveyance records of the
applicable townships and counties. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.5 <U>Waiver</U>. No waiver by any Party, whether express or implied, of
any right under any provision of this Agreement shall constitute a waiver of such Party&#146;s right at any other time or a waiver of such Party&#146;s rights under any other provision of this Agreement unless it is made in writing and signed by a
senior executive officer of the Party giving the waiver. No failure by any Party hereto to take any action with respect to any breach of this Agreement or default by another Party shall constitute a waiver of the former Party&#146;s right to enforce
any provision of this Agreement or to take action with respect to such breach or default or any subsequent breach or default by such later Party. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.6 <U>Amendments; Binding Effect</U>. This Agreement, including this
<U>Section&nbsp;13.6</U> and the exhibits and schedules hereto, shall not be amended or modified except by an instrument in writing signed by or on behalf of all of the Parties. The provisions of this Agreement shall constitute a covenant running
with the land and shall remain in full force and effect and be binding upon and inure to the benefit of the Parties and their respective permitted successors and assigns. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.7 <U>No Third Party Beneficiaries</U>. Except as otherwise expressly set forth in this Agreement, nothing in this
Agreement shall create or be deemed to create any third-party beneficiary rights in any person or entity not party to this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.8 <U>Severability</U>. If any provision of this Agreement, including the exhibits and schedules hereto, is held invalid
or unenforceable, such invalidity or unenforceability shall not affect in any way the validity or enforceability of any other provision of this Agreement. In the event any provision is held invalid or unenforceable, the Parties shall attempt to
agree on a valid or enforceable provision which shall be a reasonable substitute for such invalid or unenforceable provision in light of the tenor of this Agreement and, on so agreeing, shall incorporate such substitute provision in this Agreement;
<I>provided</I>, that the Parties agree that any provision held to invalid or unenforceable shall be treated for all purposes as not having been included as part of the Agreement at and from signing. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.9 <U>Governing Law; Jurisdiction, Venue; Jury Waiver</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Subject to the next sentence, this Agreement and all matters pertaining hereto, including matters of performance, non-performance,
breach, remedies, procedures, rights, duties, and interpretation or construction hereof, shall be governed and determined by the Law (other than the conflict of laws rules) of the State of New York. Notwithstanding the foregoing, the Law of the
state in which any real property interest covered or created by or granted under this Agreement is located shall govern the following: (A)&nbsp;whether this Agreement creates an interest in real property for security purposes or otherwise;
(B)&nbsp;the nature and attributes of any interest in real property that is covered or created by or granted under this Agreement; (C)&nbsp;the method of foreclosure of any lien created or granted under this Agreement on any interest in real
property; (D)&nbsp;the nature of an interest in real property that results from foreclosure of any lien on any interest in real property created by or granted under this Agreement; (E)&nbsp;the manner and effect of recording or failing to record
this Agreement or evidence of any action or transaction that occurs under this agreement and that results in the creation or transfer of any interest in real property, or (F)&nbsp;whether Good Cause exists for the purposes of
<U>Section&nbsp;4.5</U>. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) THE PARTIES HEREBY (I)&nbsp;IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF THE FEDERAL
COURTS OF THE UNITED STATES OF AMERICA LOCATED IN NEW YORK, NEW YORK (THE &#147;<B><I>FEDERAL COURTS</I></B>&#148;) OR, SOLELY IF THE FEDERAL COURTS DO NOT HAVE SUBJECT MATTER JURISDICTION, THE STATE COURTS LOCATED IN NEW YORK, NEW YORK (THE
&#147;<B><I>NEW YORK COURTS</I></B>&#148;) IN RESPECT OF ANY CLAIM, DISPUTE OR CONTROVERSY (OF ANY AND EVERY KIND OR TYPE, WHETHER BASED ON CONTRACT, TORT, STATUTE, REGULATION OR OTHERWISE) ARISING OUT OF, RELATING TO OR CONNECTED WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (ANY SUCH CLAIM BEING A &#147;<B><I>COVERED CLAIM</I></B>&#148;) AND FOR THE RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF; (II)&nbsp;IRREVOCABLY AGREE TO REQUEST THAT THE APPLICABLE
COURT ADJUDICATE ANY COVERED CLAIM ON AN EXPEDITED BASIS AND TO COOPERATE WITH EACH OTHER TO ASSURE THAT AN EXPEDITED RESOLUTION OF ANY SUCH DISPUTE IS ACHIEVED; (III)&nbsp;WAIVE, AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR
PROCEEDING RAISING A COVERED CLAIM OR ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF THAT ANY OF THE PARTIES HERETO IS NOT SUBJECT TO THE PERSONAL JURISDICTION OF THE FEDERAL COURTS OR NEW YORK COURTS, THAT IT IS EXEMPT OR IMMUNE FROM JURISDICTION
OF ANY SUCH COURT OR FROM ANY LEGAL PROCESS COMMENCED IN SUCH COURTS OR THAT SUCH ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SAID COURTS OR THAT THE VENUE THEREOF MAY BE INAPPROPRIATE OR INCONVENIENT OR THAT THIS
AGREEMENT OR ANY SUCH DOCUMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS; AND (IV)&nbsp;IRREVOCABLY AGREE TO ABIDE BY THE RULES OF PROCEDURE APPLIED BY THE FEDERAL COURTS OR NEW YORK COURTS (AS THE CASE THE MAY BE) (INCLUDING PROCEDURES FOR EXPEDITED
PRE-TRIAL DISCOVERY) AND WAIVE ANY OBJECTION TO ANY SUCH PROCEDURE ON THE GROUND THAT SUCH PROCEDURE WOULD NOT BE PERMITTED IN THE COURTS OF SOME OTHER JURISDICTION OR WOULD BE CONTRARY TO THE LAWS OF SOME OTHER JURISDICTION. THE PARTIES FURTHER
AGREE THAT ANY COVERED CLAIM HAS A SIGNIFICANT CONNECTION WITH THE STATE OF NEW YORK AND WITH THE UNITED STATES, AND WILL NOT CONTEND OTHERWISE IN ANY PROCEEDING IN ANY COURT OF ANY OTHER JURISDICTION. EACH PARTY REPRESENTS THAT IT HAS AGREED TO THE
JURISDICTION OF THE FEDERAL COURTS AND NEW YORK COURTS IN RESPECT OF COVERED CLAIMS AFTER BEING FULLY AND ADEQUATELY ADVISED BY LEGAL COUNSEL OF ITS OWN CHOICE CONCERNING THE PROCEDURES AND LAW APPLIED IN THE FEDERAL COURTS AND NEW YORK COURTS AND
HAS NOT RELIED ON ANY REPRESENTATION BY ANY OTHER PARTY OR ITS AFFILIATES, REPRESENTATIVES OR ADVISORS AS TO THE CONTENT, SCOPE, OR EFFECT OF SUCH PROCEDURES AND LAW, AND WILL NOT CONTEND OTHERWISE IN ANY PROCEEDING IN ANY COURT OF ANY JURISDICTION.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 49 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS
AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING
OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT: (i)&nbsp;NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (ii)&nbsp;EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (iii)&nbsp;EACH PARTY MAKES THIS WAIVER VOLUNTARILY; AND (iv)&nbsp;EACH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <U>SECTION 13.9</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 50 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.10 <U>Waiver of Consequential Damages</U>. NOTWITHSTANDING ANY OTHER
PROVISION OF THIS AGREEMENT, EACH PARTY HEREBY EXPRESSLY DISCLAIMS, WAIVES AND RELEASES THE OTHER PARTY FROM ITS OWN SPECIAL, EXEMPLARY, PUNITIVE, CONSEQUENTIAL, INCIDENTAL, AND INDIRECT DAMAGES (INCLUDING LOSS OF, DAMAGE TO OR DELAY IN PROFIT,
REVENUE OR PRODUCTION) RELATING TO, ASSOCIATED WITH, OR ARISING OUT OF THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY. NO LAW, THEORY, OR PUBLIC POLICY SHALL BE GIVEN EFFECT WHICH WOULD UNDERMINE, DIMINISH, OR REDUCE THE EFFECTIVENESS OF
THE FOREGOING WAIVER, IT BEING THE EXPRESS INTENT, UNDERSTANDING, AND AGREEMENT OF THE PARTIES THAT SUCH DAMAGE WAIVER IS TO BE GIVEN THE FULLEST EFFECT, NOTWITHSTANDING THE NEGLIGENCE (WHETHER SOLE, JOINT OR CONCURRENT), GROSS NEGLIGENCE, WILLFUL
MISCONDUCT, STRICT LIABILITY OR OTHER LEGAL FAULT OF ANY PARTY. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.11 <U>Confidentiality</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Except for disclosures to Affiliates and reasonable disclosures for financing purposes, representatives of a Party who need to know
information for purposes of performing this Agreement, accountants, legal counsel and other advisors or in connection with any proposed merger or acquisition transaction involving a Party, in each case under circumstances in which the disclosing
Party takes reasonable steps to maintain confidentiality, or for purposes of a sale or other transfer of interests to a third party; provided such third party has executed a confidentiality agreement, all confidential information, data and
interpretations resulting from the activities under this Agreement (&#147;<B><I>Confidential Data</I></B>&#148;) shall be confidential during the term of this Agreement, except as otherwise provided herein. The term Confidential Data does not
include information which (i)&nbsp;is generally available to the public, or (ii)&nbsp;is within a Party&#146;s possession prior to the date hereof; provided that the source of such information was not known by such Party to be bound by a
confidentiality agreement with, or other contractual, legal or fiduciary obligation of confidentiality to, the other Party. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Except as provided herein or otherwise required by Law, any Applicable Operating Agreement or any Applicable Contract (as defined in
the Purchase Agreement), no Party shall distribute or disclose any Confidential Data to third parties, the press or other media, without the written consent of the other Party. In the event that any Party or its representatives are requested or
required (by oral questions, interrogatories, requests for information or documents in legal proceedings, subpoena, civil investigative demand or other similar process) to disclose any of the Confidential Data, such Party shall provide the other
Party with prompt written notice of any such request or requirement so that the other Party may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this Agreement. If, in the absence of a protective
order or other remedy or the receipt of a waiver by the other Party, a Party or its representatives are nonetheless legally compelled to disclose Confidential Data to any tribunal or else stand liable for contempt or suffer other censure or penalty,
such Party or its representatives may, without liability hereunder, disclose to such tribunal only that portion of the Confidential Data which it is legally required to be disclosed; provided that such Party will exercise its best reasonable efforts
to preserve the confidentiality of the Confidential Data, including by cooperating with the other Party to obtain an appropriate protective order or other reliable assurance that confidential treatment will be accorded the Confidential Data by such
tribunal. Further, nothing contained in this Article shall preclude any Party from making such disclosures as may be required by any applicable federal or state securities law or regulations. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 51 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.12 <U>Schedules</U>. The exhibits and schedules referred to herein are
attached hereto and incorporated herein by this reference, and unless the context expressly requires otherwise, the exhibits and schedules are incorporated in the definition of &#147;Agreement.&#148; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.13 <U>Interpretation</U>. It is expressly agreed by the Parties that neither this Agreement nor any of the Associated
Agreements shall be construed against any Party thereto, and no consideration shall be given or presumption made, on the basis of who drafted this Agreement, any Associated Agreement or any provision hereof or thereof or who supplied the form of
this Agreement or any of the Associated Agreements. Each Party agrees that this Agreement has been purposefully drawn and correctly reflects its understanding of the transactions contemplated by this Agreement and, therefore, waives the application
of any Law or rule of construction providing that ambiguities in an agreement or other document will be construed against the party drafting such agreement or document. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.14 <U>Conflicting Provisions</U>. This Agreement and the other Associated Agreements, read as a whole, set forth the
Parties&#146; rights, responsibilities and liabilities with respect to the transactions contemplated by this Agreement. In the Agreement and the Associated Agreements, and as between them, specific provisions prevail over general provisions. In the
event of a conflict between this Agreement and the Associated Agreements, this Agreement shall control, except in the case of the Tax Partnership Agreement, which shall control in case of a conflict with this Agreement or the other Associated
Agreements. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.15 <U>Representations and Warranties</U>. Each Party represents and warrants to the other party
as follows: </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) Such Party is a company organized, validly existing and in good standing under the laws of the jurisdiction
of its formation or incorporation. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Such Party has full power and authority to enter into and perform this Agreement and
each Associated Agreement to which it is a party and the transactions contemplated herein and therein. The execution, delivery, and performance by such Party of this Agreement has been duly and validly authorized and approved by all necessary
company action on the part of such party. This Agreement and each of the Associated Agreements is the valid and binding obligation of such Party and enforceable against such party in accordance with its terms, subject to the effects of bankruptcy,
insolvency, reorganization, moratorium, and similar Laws. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c) In the case of Reliance, it has or will have available to it
sufficient funds with which to pay the full amount of Drilling Carry Cap and to fund its Proportionate Interest Share of Development Costs. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 52 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d) In the case of Atlas, it has or will have available to it sufficient funds with which to
fund its Proportionate Interest Share of Development Costs that are not otherwise paid by Reliance in connection with the Drilling Carry Obligation. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.16 <U>Entire Agreement</U>. This Agreement, the Associated Agreements entered into on the Effective Date and the exhibits
and schedules hereto and thereto, and any other documents delivered in connection with this Agreement contain the entire agreement of the Parties with respect to the subject matter hereof and supersede all previous agreements or communications
between the Parties, verbal or written, with respect to the subject matter hereof. Each Party agrees that no other Party (including its agents and representatives) has made any representation, warranty, covenant or agreement to or with such party
relating to this Agreement or the transactions contemplated hereby, other than those expressly set forth in this Agreement, the Associated Agreements, and the exhibits and schedules hereto and thereto. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.17 <U>Further Assurances</U>. The Parties shall provide to each other such information with respect to the transactions
contemplated hereby as may be reasonably requested and shall execute and deliver to each other such further documents and take such further action as may be reasonably requested by any Party to document, complete or give full effect to the terms and
provisions of this Agreement and the transactions contemplated herein. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.18 <U>Memorandum</U>. As of the
Effective Date, the Parties shall execute and deliver the Memorandum with respect to all of the Subject Oil and Gas Interests. The Parties shall execute and deliver the Memorandum from time to time as additional interests are acquired as part of the
Joint Interests. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.19 <U>Recognition of Rights</U>. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a) The term of the Atlas Credit Agreement currently expires on June&nbsp;29, 2012 (the &#147;<B><I>Scheduled Expiration
Date</I></B>&#148;). If the Atlas Credit Agreement is renewed, extended or amended and restated (in each case, in whole or in part) beyond the Scheduled Expiration Date, or such facility is refinanced and the liens and security interests granted
pursuant to the Atlas Credit Agreement are not released but rather remain in place (in each case, in whole or in part) and secure indebtedness under such refinancing (such renewal, restatement, extension, amendment and restatement or refinancing,
the &#147;<B><I>Post 2012 Debt</I></B>&#148;), then clause (b)&nbsp;below shall apply with respect to such Post 2012 Debt. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b) Atlas shall cause the credit and security agreements evidencing and securing the Post 2012 Debt to include definitions and provisions
substantially similar to the following: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;(1) If in connection with any foreclosure, exercise of remedies,
transaction in lieu of foreclosure, restructuring or workout, whether in or out of bankruptcy, any of the collateral provided by the Participation and Development Agreement, dated as of April 20, 2010 (the &#147;Participation Agreement&#148;), by
and among Atlas Energy Resources, LLC, Atlas America, LLC, Viking Resources LLC, Atlas Resources LLC and Reliance Marcellus, LLC that is securing the debt (such collateral, the &#147;PDA Collateral&#148;) is to be (or is) assigned, transferred or
sold (each a &#147;Collateral Agent Transfer&#148;), then: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A) the Transferee shall execute an agreement
whereby the Transferee acknowledges and agrees that it has become a party to and bound by the terms of the Participation Agreement (as to the PDA Collateral transferred to such Transferee) and that the PDA Collateral is and will continue to be
subject to the terms and conditions of the Participation Agreement; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 53 - </FONT></P>


<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B) notwithstanding anything to the contrary, in making any assignment, sale
or transfer of any part of the PDA Collateral, the Collateral Agent shall not be required to comply with the provisions of Article VII of the Participation Agreement; <I>provided </I>that each Transferee of any part of the PDA Collateral shall be
bound by the provisions of Article VII of the Participation Agreement (as well as the other provisions of the Participation Agreement). </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(2) The Collateral Agent agrees that if pursuant to Section&nbsp;4.5, 7.1, 7.3 or 10.1 of the Participation Agreement,
Reliance is entitled to become operator of the Joint Interests, nothing in the debt agreements for such debt will prevent or impair Reliance from taking over operatorship of the Joint Interests in accordance with the terms of the Participation
Agreement. </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(3) Collateral Agent agrees to enter into an agreement with Atlas and Reliance wherein Collateral
Agent confirms its agreement to comply (and, if there is a Collateral Agent Transfer, agrees to enter into an agreement with the Transferee pursuant to which the Transferee agrees to comply) with the requirements set forth in the preceding
subparagraphs (1)&nbsp;and (2), as applicable.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.20 <U>Joint and Several Liability</U>. Notwithstanding
any provision of this Agreement to the contrary, each of the parties comprising Atlas shall be jointly and severally liable for all of the Liabilities of Atlas under this Agreement. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Section&nbsp;13.21 <U>Multiple Counterparts</U>. This Agreement may be executed in any number of counterparts, all of which together
shall constitute one agreement binding on the Parties hereto. A facsimile or email transmission of a scanned, executed counterpart of this Agreement shall be sufficient to bind a party hereto to the same extent as an original. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>[Signature Page Follows] </I></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">- 54 - </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">IN WITNESS WHEREOF, this Agreement is executed and effective as of the Effective Date first
above written. </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="39%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="40%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas Energy Resources, LLC</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Delaware limited liability company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Reliance Marcellus, LLC</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Delaware limited liability company</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Walter van de Vijver</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Walter van de Vijver</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">President</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">President</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas America, LLC</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Pennsylvania limited liability company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">President</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Viking Resources, LLC</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Pennsylvania limited liability company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">President</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas Resources, LLC</B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Pennsylvania limited liability company</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Jeffrey Simmons</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jeffrey Simmons</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">EVP, Operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[Signature Page to Participation and Development Agreement] </FONT></P>
</BODY></HTML>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.3
<SEQUENCE>3
<FILENAME>dex23.htm
<DESCRIPTION>STANDSTILL, AMI AND TRANSFER RESTRICTION AGREEMENT
<TEXT>
<HTML><HEAD>
<TITLE>Standstill, AMI and Transfer Restriction Agreement</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 2.3 </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>STANDSTILL, AMI AND TRANSFER RESTRICTION AGREEMENT </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">This STANDSTILL, AMI AND TRANSFER RESTRICTION AGREEMENT (this &#147;<B><I>Agreement</I></B>&#148;) dated April 20, 2010 (the
&#147;<B><I>Effective Date</I></B>&#148;) is by and among Atlas Energy, Inc., a Delaware corporation (&#147;<B><I>Atlas Parent</I></B>&#148;), Atlas Energy Resources, LLC, a Delaware limited liability company and a wholly owned Subsidiary of Atlas
Parent (&#147;<B><I>Atlas</I></B>&#148;), Reliance Industries Limited, a company incorporated in India (&#147;<B><I>Reliance Parent</I></B>&#148;), and Reliance Marcellus, LLC, a Delaware limited liability company and a wholly owned Subsidiary of
Reliance Parent (&#147;<B><I>Reliance</I></B>&#148;). Atlas Parent, Atlas, Reliance Parent and Reliance shall be referred to herein, individually, as a &#147;<B><I>Party</I></B>&#148; and, collectively, as the &#147;<B><I>Parties</I></B>.&#148;
</FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>WHEREAS: </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Atlas and Reliance have entered into that certain Purchase and Sale Agreement dated April&nbsp;9, 2010 (the &#147;<B><I>Purchase Agreement</I></B>&#148;), pursuant to
which Atlas and its applicable Subsidiaries agreed to sell and convey to Reliance, and Reliance agreed to purchase and acquire from Atlas and such applicable Subsidiaries, a 40% undivided interest in certain oil and gas properties held by Atlas and
such applicable Subsidiaries, on the terms and conditions set forth in the Purchase Agreement; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Concurrently with the execution of this Agreement, Atlas and Reliance are entering into that certain Participation and Development Agreement, dated as of the date
hereof (the &#147;<B><I>Development Agreement</I></B>&#148;), providing for the joint exploration and development of certain oil and gas interests in a coordinated manner; and </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Parties&#146; entry into this Agreement is a condition to Atlas&#146;s consummation of the transactions contemplated by the Purchase Agreement and a condition to
Atlas&#146;s entry into and consummation of the transactions contemplated by the Development Agreement, and is done in consideration of the Parties&#146; (or their respective Affiliates&#146;) mutual agreements under, the Purchase Agreement and the
Development Agreement. </FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>NOW THEREFORE</B>, in consideration of the foregoing recitals and the mutual promises hereinafter set
forth, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree as follows: </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Standstill Agreements</U>. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(A)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reliance Parent and Reliance agree that, until the Standstill Termination Date, none of Reliance Parent, Reliance nor any of their respective Affiliates will, directly
or indirectly: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">in any manner acquire or agree to acquire, directly or indirectly, by means of purchase, merger, business combination, tender or exchange offer, or in any other manner,
(i)&nbsp;any securities of Atlas Parent or its Affiliates (including beneficial ownership, as defined in Rule 13d-3 under the Exchange Act of any securities), (ii)&nbsp;all or a majority of the assets of Atlas Parent or its Affiliates (it being
agreed that any acquisition of assets expressly contemplated by Development Agreement or the JOA shall not be a breach of this clause (ii)), or (iii)&nbsp;make any public announcement with respect to any of the foregoing; </FONT></TD></TR></TABLE>

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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">except to the extent solely in connection with an acquisition expressly permitted under Section&nbsp;2.3(b), Section&nbsp;6.4(c) or Article VIII of the Development
Agreement and subject to Section&nbsp;1(D) of this Agreement, contact, discuss with, or negotiate with any Person regarding, or enter into any top lease covering an oil and gas lease, deed or other agreement or document with regard to, any of the
properties in the AMI owned by Atlas Parent or any of its Affiliates, or any rights acquired by Atlas Parent or any of its Affiliates during the term of this Agreement with respect to any of the properties in the AMI owned by Atlas Parent or any of
its Affiliates (for the purpose of this Agreement, a &#147;top lease&#148; means an arrangement by which the consideration to acquire an oil and gas lease is paid at the time of signing of the lease but such oil and gas lease becomes effective only
after expiration or termination of an existing lease held by Atlas Parent or any or its Affiliates); </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">make, or in any way participate, directly or indirectly, in any &#147;solicitation&#148; of &#147;proxies&#148; (as such terms are used in the proxy rules promulgated
by the SEC) to vote, or seek to advise or influence any person with respect to the voting of, any voting securities of Atlas Parent or its Affiliates; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">form, join or in any way participate in a &#147;group&#148; (within the meaning of Section&nbsp;13(d)(3) of the Exchange Act and Rule 13d-5 promulgated thereunder) with
respect to any voting securities of Atlas Parent or its Affiliates; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">subject solely to Section&nbsp;1(D) of this Agreement, otherwise act, alone or in concert with others, to seek to control, advise, change or influence the management,
board of directors, governing instruments, policies or affairs of Atlas Parent or its Affiliates; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">make any public disclosure, or take any action that could reasonably be expected to require Atlas Parent or its Affiliates to make any public disclosure, with respect
to any of the matters set forth in Section&nbsp;1 of this Agreement; </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">disclose any intention, plan or arrangement inconsistent with the foregoing; </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">effect, advise, assist or encourage any other Persons in connection with any of the foregoing; </FONT></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-2- </FONT></P>


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<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">arrange or in any way participate in any financing for the purchase of any securities of Atlas Parent or its Affiliates; or </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">except to the extent solely in connection with an acquisition expressly permitted under Section&nbsp;6.4(c) of the Development Agreement and subject solely to
<U>Section&nbsp;1(D)</U> of this Agreement, enter into any discussions, negotiations, arrangements or agreements with any third party with respect to any of the foregoing. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(B)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reliance Parent and Reliance agree that, until the Standstill Termination Date, none of Reliance Parent, Reliance or any of their respective Affiliates will request
Atlas Parent, Atlas or any of their respective Representatives to amend or waive any provision of this <U>Section&nbsp;1</U>. The restriction described in <U>clause (b)</U>&nbsp;of <U>Section&nbsp;1(A)</U> above shall not apply to acquisitions
permitted under Section&nbsp;6.4(c) of the Development Agreement. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(C)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">If, prior to the Standstill Termination Date, Atlas Parent or its Affiliates shall conduct a process with two or more potential bidders relating to a sale or merger of
Atlas Parent or Atlas, or sale of all or a majority of the consolidated assets of any of Atlas Parent, Atlas or any Selling Subsidiary, Atlas Parent agrees that it shall provide Reliance Parent (or a wholly owned Affiliate of Reliance Parent
designated by Reliance Parent) with an invitation to bid, using substantially the same invitation to bid sent to other potential bidders in such process, and shall provide to Reliance Parent (or such wholly owned Affiliate) substantially the same
information relating to Atlas Parent and its Subsidiaries that Atlas Parent provided in such process to such other potential bidders, subject to a confidentiality agreement acceptable to Atlas Parent containing confidentiality restrictions no more
restrictive in the aggregate than those in the confidentiality agreement entered into by any other potential bidder in connection with such process. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(D)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Parties agree that, prior to the Standstill Termination Date, Reliance Parent (or a wholly owned Affiliate of Reliance Parent designated by Reliance Parent) and
Reliance shall be permitted to engage in non-public discussions with, and may make a non-public and confidential proposal to, or inquiry of, the board of directors or the chief executive officer of Atlas Parent regarding a proposal or offer, or
interest in a proposal or offer, of a transaction involving a Change of Control of Atlas Parent (it being agreed that (i)&nbsp;the taking of any action expressly permitted by this <U>Section&nbsp;1(D)</U> shall not, in and of itself, be deemed to be
a request to amend or waive this <U>Section&nbsp;1</U> in violation of the first sentence of <U>Section&nbsp;1(B)</U>; and (ii)&nbsp;this <U>Section&nbsp;1(D)</U> shall not permit Reliance Parent, Reliance or any of their respective Affiliates to
form, join or in any way participate in a &#147;group&#148; (within the meaning of Section&nbsp;13(d)(3) of the Exchange Act and Rule 13d-5 promulgated thereunder) or otherwise act in concert, in each case, with any Person other than any wholly
owned Subsidiary of Reliance Parent with respect to any of the matters set forth in clauses (a)&nbsp;through (j)&nbsp;of <U>Section&nbsp;1(A)</U> of this Agreement). </FONT></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-3- </FONT></P>


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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Defined Terms</U>. Capitalized terms used, but not defined, in this Agreement shall have the same meanings as set forth in the Participation Agreement. As used
herein, the following terms shall have the meanings set forth below: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Affiliate</I></B>&#148; means, with respect to any Person, any other Person that directly or indirectly (through one or more intermediaries or otherwise)
Controls, is Controlled by, or is under common Control with the first Person. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>&#147;Change of Control&#148;</I></B> has the meaning given such term in the Development Agreement. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Control</I></B>&#148; has the meaning given such term in the Development Agreement. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Covered Claim</I></B>&#148; means any Specified Covered Claim or Other Covered Claim, as the case may be. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(e)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Exchange Act</I></B>&#148; means the U.S. Securities Exchange Act of 1934, as amended. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(f)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>JOA</I></B>&#148; has the meaning given such term in the Development Agreement. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(g)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Person</I></B>&#148; has the meaning given such term in the Development Agreement. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(h)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>SEC</I></B>&#148; means the United States Securities and Exchange Commission. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Selling Subsidiaries</I></B>&#148; has the meaning given to such term in the Purchase Agreement. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(j)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Standstill Period</I></B>&#148; means the period of time from the Effective Date until the Standstill Termination Date. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(k)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#147;<B><I>Standstill Termination Date</I></B>&#148; means the period of time commencing on the Effective Date and terminating upon the earlier of: (i)&nbsp;the fifth
anniversary of the date of this Agreement, (ii)&nbsp;written consent from the board of directors of Atlas Parent terminating the provisions of Section&nbsp;1 of this Agreement, (iii)&nbsp;such time as a Person or group (within the meaning of
Section&nbsp;13(d)(3) of the Exchange Act and Rule 13d-5 promulgated thereunder), that is reasonably capable of consummating a Change of Control of Atlas Parent and that is not affiliated with, or a member of a group (within the meaning of
Section&nbsp;13(d)(3) of the Exchange Act and Rule 13d-5 promulgated thereunder) including, Reliance Parent, Reliance or any of their respective Affiliates, commences (within the meaning of Rule 14d-2 under the Exchange Act) a tender offer that, if
consummated, would result in a Change of Control of Atlas Parent, and (iv)&nbsp;the termination of <U>Section&nbsp;1</U> of this Agreement pursuant to Section&nbsp;7.3 of the Development Agreement. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>AMI and Transfer Restrictions</U>. Reliance Parent agrees that it shall not, and shall cause its Affiliates not to, breach (a)&nbsp;Article VI of the Development
Agreement (the <B><I>&#147;AMI&#148;</I></B>), (b)&nbsp;Article VII of the Development Agreement (the <B><I>&#147;Transfer Restrictions&#148;</I></B>), (c)&nbsp;Section 13.1 of the Development Agreement (the &#147;<B><I>Non-Solicit; Non-Hire
Restrictions</I></B>&#148;) and (d)&nbsp;Section 13.11 of the Development Agreement (the &#147;<B><I>Confidentiality Restrictions</I></B>&#148;), in each case, as if Reliance Parent were a party to the Development Agreement and were bound by the
provisions applicable to Reliance in such provisions of the Development Agreement. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-4- </FONT></P>


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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Remedies for Breach</U>. Each Party hereto understands and agrees that money damages is not a sufficient remedy for any breach of this Agreement and that the other
Parties hereto shall be entitled to seek injunctive or other equitable relief to remedy or forestall any such breach or threatened breach. Such remedy shall not be deemed to be the exclusive remedy for any breach of this Agreement, but shall be in
addition to all other rights and remedies at law or in equity. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Waiver of Consequential Damages</U>. EACH PARTY HEREBY EXPRESSLY DISCLAIMS, WAIVES AND RELEASES THE OTHER PARTY FROM ITS OWN SPECIAL, EXEMPLARY, PUNITIVE,
CONSEQUENTIAL, INCIDENTAL, AND INDIRECT DAMAGES (INCLUDING LOSS OF, DAMAGE TO OR DELAY IN PROFIT, REVENUE OR PRODUCTION) RELATING TO, ASSOCIATED WITH, OR ARISING OUT OF ANY BREACH OF THIS AGREEMENT. NO LAW, THEORY, OR PUBLIC POLICY SHALL BE GIVEN
EFFECT WHICH WOULD UNDERMINE, DIMINISH, OR REDUCE THE EFFECTIVENESS OF THE FOREGOING WAIVER, IT BEING THE EXPRESS INTENT, UNDERSTANDING, AND AGREEMENT OF THE PARTIES THAT SUCH DAMAGE WAIVER IS TO BE GIVEN THE FULLEST EFFECT, NOTWITHSTANDING THE
NEGLIGENCE (WHETHER SOLE, JOINT OR CONCURRENT), GROSS NEGLIGENCE, WILLFUL MISCONDUCT, STRICT LIABILITY OR OTHER LEGAL FAULT OF ANY PARTY. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Governing Law</U>. THIS AGREEMENT AND THE LEGAL RELATIONS AMONG THE PARTIES HEREUNDER SHALL BE GOVERNED BY, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF
NEW YORK EXCLUDING ANY CONFLICTS OF LAW RULE OR PRINCIPLE THAT MIGHT REFER CONSTRUCTION OF SUCH PROVISIONS TO THE LAWS OF ANOTHER JURISDICTION; PROVIDED, HOWEVER, THAT <U>SECTION 1</U> (AND THE OTHER PROVISIONS OF THIS AGREEMENT TO THE EXTENT
RELATED TO THE PROVISIONS OF <U>SECTION 1</U>) SHALL BE GOVERNED BY, CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF DELAWARE EXCLUDING ANY CONFLICTS OF LAW RULE OR PRINCIPLE THAT MIGHT REFER CONSTRUCTION OF SUCH PROVISIONS TO THE LAWS OF
ANOTHER JURISDICTION. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">7.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Jurisdiction; Forum</U>. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">THE PARTIES HEREBY (I)&nbsp;IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF (A)&nbsp;THE CHANCERY COURT OF THE STATE OF DELAWARE (THE &#147;<B><I>DELAWARE CHANCERY
COURT</I></B>&#148;) OR, SOLELY IF THE DELAWARE CHANCERY COURT DOES NOT HAVE SUBJECT MATTER JURISDICTION, THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA LOCATED IN NEW YORK, NEW YORK (THE &#147;<B><I>FEDERAL COURTS</I></B>&#148;) OR, SOLELY IF
THE DELAWARE CHANCERY COURT AND THE FEDERAL COURTS DO NOT HAVE SUBJECT MATTER JURISDICTION, THE STATE COURTS LOCATED IN NEW YORK, NEW YORK (THE &#147;<B><I>NEW YORK COURTS</I></B>&#148;) IN RESPECT OF ANY CLAIM, DISPUTE OR CONTROVERSY (OF ANY AND
EVERY KIND OR TYPE, WHETHER BASED ON CONTRACT, TORT, STATUTE, REGULATION OR OTHERWISE) ARISING OUT OF, RELATING TO OR CONNECTED WITH <U>SECTION 1</U> OF THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY (AND THE OTHER PROVISIONS OF THIS
AGREEMENT TO THE EXTENT RELATED TO THE PROVISIONS OF <U>SECTION 1</U>) (ANY SUCH CLAIM BEING A &#147;<B><I>SPECIFIED COVERED CLAIM</I></B>&#148;) AND FOR THE RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF AND (B)&nbsp;THE FEDERAL
COURTS OR, SOLELY IF THE FEDERAL COURTS DO NOT HAVE SUBJECT MATTER JURISDICTION, THE NEW YORK COURTS IN RESPECT OF ANY CLAIM, DISPUTE OR CONTROVERSY (OF ANY AND EVERY KIND OR TYPE, WHETHER BASED ON CONTRACT, TORT, STATUTE, REGULATION OR OTHERWISE)
ARISING OUT OF, RELATING TO OR CONNECTED WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY OTHER THAN A SPECIFIED COVERED CLAIM (ANY SUCH CLAIM BEING AN &#147;<B><I>OTHER COVERED CLAIM</I></B>&#148;) AND FOR THE RECOGNITION OR ENFORCEMENT
OF ANY JUDGMENT IN RESPECT THEREOF; (II) IRREVOCABLY AGREE TO REQUEST THAT THE APPLICABLE COURT ADJUDICATE ANY COVERED CLAIM ON AN EXPEDITED BASIS AND TO COOPERATE WITH EACH OTHER TO ASSURE THAT AN EXPEDITED RESOLUTION OF ANY SUCH DISPUTE IS
ACHIEVED; (III) WAIVE, AND AGREE NOT TO ASSERT, AS A DEFENSE IN ANY ACTION, SUIT OR PROCEEDING RAISING A COVERED CLAIM OR ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF THAT ANY OF THE PARTIES HERETO IS NOT SUBJECT TO THE PERSONAL JURISDICTION OF
THE DELAWARE CHANCERY COURT (ONLY IN THE CASE OF SPECIFIED COVERED CLAIMS), THE FEDERAL COURTS OR NEW YORK COURTS, THAT IT IS EXEMPT OR IMMUNE FROM JURISDICTION OF ANY SUCH COURT OR FROM ANY LEGAL PROCESS COMMENCED IN SUCH COURTS OR THAT SUCH
ACTION, SUIT OR PROCEEDING MAY NOT BE BROUGHT OR IS NOT MAINTAINABLE IN SAID COURTS OR THAT THE VENUE THEREOF MAY BE INAPPROPRIATE OR INCONVENIENT OR THAT THIS AGREEMENT OR ANY SUCH DOCUMENT MAY NOT BE ENFORCED IN OR BY SUCH COURTS; AND
(IV)&nbsp;IRREVOCABLY AGREE TO ABIDE BY THE RULES OF PROCEDURE APPLIED BY THE DELAWARE CHANCERY COURT (ONLY IN THE CASE OF SPECIFIED COVERED CLAIMS), THE FEDERAL COURTS OR NEW YORK COURTS (AS THE CASE THE MAY BE) (INCLUDING BUT NOT LIMITED TO
PROCEDURES FOR EXPEDITED PRE-TRIAL DISCOVERY) AND WAIVE ANY OBJECTION TO ANY SUCH PROCEDURE ON THE GROUND THAT SUCH PROCEDURE WOULD NOT BE PERMITTED IN THE COURTS OF SOME OTHER JURISDICTION OR WOULD BE CONTRARY TO THE LAWS OF SOME OTHER
JURISDICTION. THE PARTIES FURTHER AGREE THAT ANY COVERED CLAIM HAS A SIGNIFICANT CONNECTION WITH THE STATE OF DELAWARE (ONLY IN THE CASE OF SPECIFIED COVERED CLAIMS), WITH THE STATE OF NEW YORK AND WITH THE UNITED STATES, AND WILL NOT CONTEND
OTHERWISE IN ANY PROCEEDING IN ANY COURT OF ANY OTHER JURISDICTION. EACH PARTY REPRESENTS THAT IT HAS AGREED TO THE JURISDICTION OF THE DELAWARE CHANCERY COURT (ONLY IN THE CASE OF SPECIFIED COVERED CLAIMS), THE FEDERAL COURTS AND NEW YORK COURTS IN
RESPECT OF COVERED CLAIMS AFTER BEING FULLY AND ADEQUATELY ADVISED BY LEGAL COUNSEL OF ITS OWN CHOICE CONCERNING THE PROCEDURES AND LAW APPLIED IN THE DELAWARE CHANCERY COURT (ONLY IN THE CASE OF SPECIFIED COVERED CLAIMS), THE FEDERAL COURTS AND NEW
YORK COURTS AND HAS NOT RELIED ON ANY REPRESENTATION BY ANY OTHER PARTY OR ITS AFFILIATES, REPRESENTATIVES OR ADVISORS AS TO THE CONTENT, SCOPE, OR EFFECT OF SUCH PROCEDURES AND LAW, AND WILL NOT CONTEND OTHERWISE IN ANY PROCEEDING IN ANY COURT OF
ANY JURISDICTION. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS AGREEMENT SHALL LIMIT THE RIGHT OF ATLAS PARENT OR ATLAS TO COMMENCE OR PROSECUTE ANY LEGAL ACTION AGAINST RELIANCE PARENT OR ANY OF ITS AFFILIATES IN INDIA OR ELSEWHERE TO ENFORCE THE
JUDGMENTS AND ORDERS OF THE DELAWARE CHANCERY COURT (ONLY IN THE CASE OF SPECIFIED COVERED CLAIMS), FEDERAL COURTS OR NEW YORK COURTS. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-5- </FONT></P>


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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Each party hereby irrevocably agrees that it will not oppose, on any ground, the recognition, enforcement, or exequatur in Indian court or another court of any judgment
(including but not limited to a judgment requiring specific performance) rendered by a Delaware Chancery Court (only in the case of Specified Covered Claims), Federal Court or New York Court in respect of a Covered Claim. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH
SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS
AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT: (i)&nbsp;NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER; (ii)&nbsp;EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (iii)&nbsp;EACH PARTY MAKES THIS WAIVER VOLUNTARILY; AND (iv)&nbsp;EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <U>SECTION 7</U>. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-6- </FONT></P>


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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">8.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Amendment</U>. This Agreement may not be modified, supplemented or amended orally, but only by a written agreement signed by all Parties hereto.
</FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">9.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Notices</U>. All notices and communications required or permitted under this Agreement shall be in writing addressed as indicated below, and any communication or
delivery hereunder shall be deemed to have been duly delivered upon the earliest of: (a)&nbsp;actual receipt by the Party to be notified; (b)&nbsp;if by facsimile, upon confirmation by the recipient of receipt, provided that a copy of such notice
has also been sent by Federal Express overnight delivery (or other reputable overnight delivery service); or (c)&nbsp;if by Federal Express overnight delivery (or other reputable overnight delivery service), 2 days after deposited with such service.
Addresses for all such notices and communication shall be as follows: </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="77%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>To&nbsp;Atlas:</I></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD COLSPAN="3" VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Atlas Energy Resources, LLC</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">West Pointe Corporate Center I</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">1550 Coraopolis
Heights Road, Second Floor</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Moon Township, Pennsylvania 15108</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jay Hammond</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telephone:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(215)&nbsp;546-5005</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(412)&nbsp;262-2820</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>With a copy to:</I></FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jones Day</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">717 Texas, Suite 3300</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Houston, Texas
77002</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jeff Schlegel</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telephone:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(832)&nbsp;239-3939</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(832)&nbsp;239-3600</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>With a copy to:</I></FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Wachtell, Lipton, Rosen&nbsp;&amp; Katz</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">51 West
52</FONT><FONT STYLE="font-family:Times New Roman" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">nd</SUP></FONT><FONT STYLE="font-family:Times New Roman" SIZE="2"> Street</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, New York 10019</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">David Lam</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Telephone:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(212) 403-1000</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facsimile:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(212)&nbsp;403-2000</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-7- </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


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<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="76%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" COLSPAN="5"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>To Reliance or</I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>Reliance Parent:</I></FONT></P></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reliance Marcellus, LLC</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">c/o RIL USA, Inc.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">2000 W. Sam Houston Pkwy,
Suite 700</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Houston, Texas 77042</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Attention:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Fax:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">(713)&nbsp;430-8799</FONT></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Either Party may, upon written notice
to the other Party, change the address and person to whom such communications are to be directed. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">10.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>No Third-Party Beneficiaries</U>. Except as expressly set forth in this Agreement, nothing in this Agreement shall create or be deemed to create any third-party
beneficiary rights in any person or entity not party to this Agreement. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">11.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Severability of Provisions</U>. If any provision of this Agreement is held invalid or unenforceable, such invalidity or unenforceability shall not affect in any way
the validity or enforceability of any other provision of this Agreement. In the event any provision is held invalid or unenforceable, the Parties shall attempt to agree on a valid or enforceable provision which shall be a reasonable substitute for
such invalid or unenforceable provision in light of the tenor of this Agreement and, on so agreeing, shall incorporate such substitute provision in this Agreement; provided, that the Parties agree that any provision held to be invalid or
unenforceable shall be treated for all purposes as not having been included as part of the Agreement at and from signing. </FONT></TD></TR></TABLE> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">12.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Counterparts</U>. This Agreement may be executed in any number of counterparts, all of which together shall constitute one agreement binding on the Parties hereto. A
facsimile or email transmission of a scanned, executed counterpart of this Agreement shall be sufficient to bind a party hereto to the same extent as an original. </FONT></TD></TR></TABLE>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">13.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Terms</U>. All obligations of the Parties under (i)&nbsp;<U>Section&nbsp;1</U> of this Agreement shall expire on the Standstill Termination Date,
(ii)&nbsp;<U>Section&nbsp;3</U> of this Agreement, with respect to the AMI, shall expire on the termination of Article VI of the Development Agreement, (iii)&nbsp;<U>Section 3</U> of this Agreement, with respect to the Transfer Restrictions, shall
expire on the termination of Article VII of the Development Agreement; (iv)&nbsp;<U>Section 3</U> of this Agreement, with respect to the Non-Solicit; Non-Hire Provisions, shall expire on the termination of 13.1 of the Development Agreement and
(v)&nbsp;<U>Section 3</U> of this Agreement, with respect to the Confidentiality Restrictions, shall expire on the termination of Section&nbsp;13.11 of the Development Agreement; <U>provided</U> that any claim made by Atlas under Section&nbsp;1 or 3
of this Agreement prior to any such termination shall survive such termination with respect only to such claim until resolved pursuant to <U>Section&nbsp;7</U> of this Agreement or by mutual agreement of the Parties. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[<I>Signature page follows</I>] </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">-8- </FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">This Agreement is hereby executed as of the date first written above. </FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="35%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="18%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="35%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas Energy Resources, LLC</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Reliance Industries Limited</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Delaware limited liability company</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">a company incorporated in India</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Thakur Sharma</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Thakur Sharma</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">President</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Authorised Signatory</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas Energy, Inc.</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Reliance Marcellus, LLC</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Delaware corporation</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT STYLE="font-family:Times New Roman" SIZE="2">a Delaware limited liability company</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">By:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">/s/ Walter van de Vijver</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Richard D. Weber</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Name:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">Walter van de Vijver</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">President</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Title:</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px;border-bottom:1px solid #000000"><FONT STYLE="font-family:Times New Roman" SIZE="2">President</FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2">[Signature Page to Standstill Agreement] </FONT></P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML><HEAD>
<TITLE>Press Release</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Exhibit 99.1 </B></FONT></P>
 <P STYLE="margin-top:12px;margin-bottom:0px">

<IMG SRC="g77064ex99_1new.jpg" ALT="LOGO"> </P>
 <P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U><B>NEWS RELEASE</B> </U></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="9%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONTACT:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Brian J. Begley</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Vice President - Investor Relations</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">Atlas Energy, Inc.</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">877-280-2857</FONT></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:Times New Roman" SIZE="2">215-553-8455 (fax)</FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<P STYLE="line-height:0px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ATLAS ENERGY, INC. ANNOUNCES
CLOSING OF $1.7 BILLION MARCELLUS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>SHALE JOINT VENTURE WITH RELIANCE INDUSTRIES </B></FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>Pittsburgh, PA &#151; April&nbsp;21, 2010 - Atlas Energy, Inc. (NASDAQ: ATLS) (&#147;Atlas&#148; or &#147;the Company&#148;)</I></B> announces
today that it closed its joint venture transaction with a wholly owned affiliate of Reliance Industries Limited (&#147;Reliance&#148;), the largest private sector company in India and a global energy leader, in which Atlas transferred an interest in
its Marcellus Shale position equal to 120,000 net acres in a transaction valued at $1.7 billion. The joint venture is effective immediately. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Reliance paid approximately $340 million in cash at closing and an additional $1.36 billion will be paid in the form of a drilling carry. Atlas will
serve as the development operator for the joint venture. Pursuant to the agreement, Reliance has acquired a 40% undivided interest in approximately 300,000 net acres (120,000 net to Reliance) of undeveloped leasehold held by Atlas, and Atlas will
retain a 60% undivided interest in the acreage. In addition to funding its own 40% of drilling obligations, Reliance has agreed to fund 75% of Atlas&#146; respective portion of drilling and completion costs until the $1.36 billion drilling carry is
fully utilized.&nbsp;Atlas has 5-1/2 years to utilize the drilling carry, subject to a two-year extension under certain conditions.&nbsp;Atlas and Reliance have agreed upon a five-year development plan that calls for the drilling of 45 horizontal
Marcellus Shale wells for the joint venture during the remainder of 2010, increasing to 108 wells in 2011, 178 wells in 2012, and 300 wells in 2013 and 2014. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Edward E. Cohen, Chairman and Chief Executive Officer of Atlas Energy, noted, &#147;We are pleased to close this transaction with Reliance and to move
forward on our joint development plan for the Marcellus Shale. This joint venture will substantially increase our value through increased production, reduced operating costs and an improved capital structure.&#148; </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Jefferies&nbsp;&amp; Company, Inc. acted as lead financial advisor and J.P. Morgan Securities, Inc. acted as financial advisor to Atlas Energy on the
joint venture transaction. Jones Day, Ledgewood and Wachtell, Lipton, Rosen&nbsp;&amp; Katz acted as legal counsel to Atlas Energy. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Atlas
Energy, Inc.</B> is one of the largest independent natural gas producers in the Appalachia and Michigan Basins and a leading producer in the Marcellus Shale in Pennsylvania. Atlas Energy, Inc.
</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">
is also the country&#146;s largest sponsor and manager of tax-advantaged energy investment partnerships. Atlas Energy, Inc. also owns 1.1&nbsp;million common units in Atlas Pipeline Partners,
L.P. (NYSE: APL) and a 64% interest in Atlas Pipeline Holdings, L.P. (NYSE: AHD), a limited partnership which owns the general partner interest of APL. Atlas Pipeline Partners, L.P. is active in the gathering and processing segments of the midstream
natural gas industry. In the Mid-Continent region in Oklahoma and Texas, APL owns and operates eight active gas processing plants and a treating facility, as well as approximately 10,300 miles of active intrastate gas gathering pipeline. In
Appalachia, APL is a 49% joint venture partner with The Williams Companies in Laurel Mountain Midstream, LLC. For more information, please visit our website at <U>www.atlasenergy.com</U>, or contact Investor Relations at
<U>InvestorRelations@atlasenergy.com</U>. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><U>Cautionary Note Regarding Forward-Looking Statements </U></B></FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B><I>This document contains forward-looking statements that involve a number of assumptions, risks and uncertainties that could cause actual results to
differ materially from those contained in the forward-looking statements.&nbsp;Atlas Energy, Inc. cautions readers that any forward-looking information is not a guarantee of future performance.&nbsp;Such forward-looking statements include, but are
not limited to, statements about future financial and operating results, resource potential, the Company&#146;s plans, objectives, expectations and intentions and other statements that are not historical facts. Risks, assumptions and uncertainties
that could cause actual results to materially differ from the forward-looking statements include, but are not limited to, those associated with general economic and business conditions; changes in commodity prices; changes in the costs and results
of drilling operations; uncertainties about estimates of reserves and resource potential; inability to obtain capital needed for operations; the Company&#146;s level of indebtedness; changes in government environmental policies and other
environmental risks; the availability of drilling equipment and the timing of production; tax consequences of business transactions; and other risks, assumptions and uncertainties detailed from time to time in the Company&#146;s reports filed with
the U.S. Securities and Exchange Commission (the &#147;SEC&#148;). Forward-looking statements speak only as of the date hereof, and the Company assumes no obligation to update such statements, except as may be required by applicable law. </I></B>
</FONT></P>
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