0001213900-14-001890 Sample Contracts

PARTICIPATION AGREEMENT BOYD, CARTER, GREENUP AND LAWRENCE COUNTIES, KENTUCKY
Participation Agreement • March 31st, 2014 • Carbon Natural Gas Co • Crude petroleum & natural gas • Colorado

This Participation Agreement (“Agreement”) is entered into as of February 25, 2014 (the “Effective Date”), by and among NYTIS EXPLORATION COMPANY LLC, a Delaware limited liability company (“Nytis”), CARBON NATURAL GAS COMPANY, a Delaware corporation (“Carbon”) (for purposes of Article X only), and LIBERTY ENERGY, LLC, a Massachusetts limited liability company (“Liberty”).

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ADDENDUM TO PARTICIPATION AGREEMENT
Participation Agreement • March 31st, 2014 • Carbon Natural Gas Co • Crude petroleum & natural gas

THIS ADDENDUM made this 26th day of February, 2014, by and between NYTIS EXPLORATION COMPANY LLC, a Delaware limited liability company (“Nytis”) and LIBERTY ENERGY, LLC, a Massachusetts limited liability company (“Liberty”).

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