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MISCELLANEOUS CHEMICAL PRODUCTS

EQUIPMENT LEASE (New Madrid)

Advanced Emissions Solutions, Inc.

EQUIPMENT LEASE (New Madrid) This EQUIPMENT LEASE (this “ Lease ”), dated as of November 21, 2011 (the “ Effective Date ”), is entered into by and between AEC-NM, LLC, a Colorado limited liability company (“ Lessor ”) and GS RC INVESTMENTS LLC, a Delaware limited liability company (“ Lessee ”). Lessor and Lessee may be referred to herein individually as a “ Party ,” and collectively as the “ Part

MISCELLANEOUS CHEMICAL PRODUCTS

AMENDED AND RESTATED

Advanced Emissions Solutions, Inc.

AMENDED AND RESTATED EQUIPMENT LEASE (Thomas Hill) This AMENDED AND RESTATED EQUIPMENT LEASE (this “ Lease ”), dated effective as of March 8, 2013 (the “ Effective Date ”), is entered into by and between AEC-TH, LLC, a Colorado limited liability company (“ Lessor ”), and GS RC INVESTMENTS LLC, a Delaware limited liability company (“ Lessee ”). Lessor and Lessee may be referred to herein individua

MISCELLANEOUS CHEMICAL PRODUCTS

AMENDED AND RESTATED

Advanced Emissions Solutions, Inc.

AMENDED AND RESTATED EQUIPMENT LEASE (New Madrid) This AMENDED AND RESTATED EQUIPMENT LEASE (this “ Lease ”), dated effective as of March 8, 2013 (the “ Effective Date ”), is entered into by and between AEC-NM, LLC, a Colorado limited liability company (“ Lessor ”), and GS RC INVESTMENTS LLC, a Delaware limited liability company (“ Lessee ”). Lessor and Lessee may be referred to herein individual

MISCELLANEOUS CHEMICAL PRODUCTS

Equipment Lease between AEC-TH, LLC and GS RC Investments, LLC

Ada-Es Inc

EQUIPMENT LEASE BETWEEN AEC-TH, LLC AND GS RC INVESTMENTS, LLC Equipment Lease between AEC-TH, LLC and GS RC Investments, LLC EQUIPMENT LEASE (Thomas Hill) This EQUIPMENT LEASE (this “ Lease ”), dated as of December 15, 2011 (the “ Effective Date ”), is entered into by and between AEC-TH, LLC, a Colorado limited liability company (“ Lessor ”) and GS RC INVESTMENTS LLC, a Delaware limited liability

MISCELLANEOUS CHEMICAL PRODUCTS

EQUIPMENT LEASE (Thomas Hill)

Advanced Emissions Solutions, Inc.

EQUIPMENT LEASE (Thomas Hill) This EQUIPMENT LEASE (this “ Lease ”), dated as of December 15, 2011 (the “ Effective Date ”), is entered into by and between AEC-TH, LLC, a Colorado limited liability company (“ Lessor ”) and GS RC INVESTMENTS LLC, a Delaware limited liability company (“ Lessee ”). Lessor and Lessee may be referred to herein individually as a “ Party ,” and collectively as the “ Par

MISCELLANEOUS CHEMICAL PRODUCTS

New Equipment Lease

Ada-Es Inc

NEW EQUIPMENT LEASE New Equipment Lease EQUIPMENT LEASE (New Madrid) This EQUIPMENT LEASE (this “ Lease ”), dated as of November 21, 2011 (the “ Effective Date ”), is entered into by and between AEC-NM, LLC, a Colorado limited liability company (“ Lessor ”) and GS RC INVESTMENTS LLC, a Delaware limited liability company (“ Lessee ”). Lessor and Lessee may be referred to herein individually as a “

MISCELLANEOUS CHEMICAL PRODUCTS

AMENDED AND RESTATED

Advanced Emissions Solutions, Inc.

AMENDED AND RESTATED EQUIPMENT LEASE (New Madrid) This AMENDED AND RESTATED EQUIPMENT LEASE (this “ Lease ”), dated effective as of March 8, 2013 (the “ Effective Date ”), is entered into by and between AEC-NM, LLC, a Colorado limited liability company (“ Lessor ”), and GS RC INVESTMENTS LLC, a Delaware limited liability company (“ Lessee ”). Lessor and Lessee may be referred to herein individual

MISCELLANEOUS CHEMICAL PRODUCTS

SECOND AMENDED AND RESTATED

Advanced Emissions Solutions, Inc.

SECOND AMENDED AND RESTATED EQUIPMENT LEASE (New Madrid) This SECOND AMENDED AND RESTATED EQUIPMENT LEASE (this “ Lease ”), dated as of February 26, 2016, but effective as of 11:59 p.m. on February 29, 2016 (the “ Effective Date ”), is entered into by and between AEC-NM, LLC, a Colorado limited liability company (“ Lessor ”), and GS RC INVESTMENTS LLC, a Delaware limited liability company (“ Less

MISCELLANEOUS CHEMICAL PRODUCTS

Equipment Lease between AEC-TH, LLC and GS RC Investments LLC

Ada-Es Inc

EQUIPMENT LEASE BETWEEN AEC-TH, LLC AND GS RC INVESTMENTS LLC Equipment Lease between AEC-TH, LLC and GS RC Investments LLC EQUIPMENT LEASE (Thomas Hill) This EQUIPMENT LEASE (this “ Lease ”), dated as of June 29, 2010 (the “ Effective Date ”), is entered into by and between AEC-TH, LLC, a Colorado limited liability company (“ Lessor ”) and GS RC INVESTMENTS LLC, a Delaware limited liability compa

MISCELLANEOUS CHEMICAL PRODUCTS

Equipment Lease between AEC-NM, LLC and GS RC Investments LLC

Ada-Es Inc

EQUIPMENT LEASE BETWEEN AEC-NM, LLC AND GS RC INVESTMENTS LLC Equipment Lease between AEC-NM, LLC and GS RC Investments LLC EQUIPMENT LEASE (New Madrid) This EQUIPMENT LEASE (this “ Lease ”), dated as of June 29, 2010 (the “ Effective Date ”), is entered into by and between AEC-NM, LLC, a Colorado limited liability company (“ Lessor ”) and GS RC INVESTMENTS LLC, a Delaware limited liability compan