Common use of CHI Clause in Contracts

CHI. CEPH, CEPM, the Company and CEP Equity will enter into various bills of sale, assignments, conveyances and related documents (collectively, the “Contribution Documents”) pursuant to which the following transactions will occur immediately prior to or on the Closing Date: (1) Upon such conversion as described in clause (a) above, CEPH will contribute the Class A Units and the Management Incentive Interests to CEPM. (2) CHI will contribute to the Company $8.0 million (“Class D Contribution”) in exchange for all of the Class D interests (“Class D Interests”) of the Company. (3) The Company will sell to CEP Equity an undivided mineral interest in certain properties of the Company described in the Prospectus as the “▇▇▇▇▇ Shale Rights.”