Contracts Terminated. Upon Closing, the Parties acknowledge and agree that the contracts and agreements listed in Schedule 7.7, including without limitation, that certain Purchase and Sale Agreement dated as of December 1, 2006, by and among Seller and Petro Resources Corporation (now Magnum Hunter), and all amendments thereto, shall terminate effective as of the Closing Date, and neither Party shall have any rights, interests or obligations with respect thereto.
Contracts Terminated in the Ordinary Course of Business. All Contracts that have terminated or expired prior to the Closing;
Contracts Terminated. The Company (and its Subsidiaries) -------------------- and Seacoast shall simultaneously herewith terminate all of their pre-existing contractual arrangements (specifically excluding this Agreement and any other agreement executed in conjunction herewith or in conjunction with the transactions contemplated hereby) that were entered into in connection with Seacoast's purchase of the Note and the Warrant.
