SUBSCRIPTION AGREEMENTSubscription Agreement • May 24th, 2010 • McJunkin Red Man Corp • Crude petroleum & natural gas • Texas
REPURCHASE AGREEMENTRepurchase Agreement • May 24th, 2010 • McJunkin Red Man Corp • Crude petroleum & natural gas
On May 20, 2010, PrimeEnergy Corporation, a Delaware corporation (the “Corporation”), and McJunkin Red Man Corporation, a West Virginia corporation formerly known as McJunkin Corporation (the “Shareholder”), hereby agree that the Corporation shall repurchase (the “Repurchase”) 136,021 shares of its common stock, par value $.10 per share currently held by the Shareholder (the “Repurchased Shares”), at a purchase price of $12.00 per Repurchased Share for a total purchase price of $1,632,252.00 (the “Purchase Price”).
