PURCHASE AND SALE AGREEMENT BETWEEN PETROHUNTER HEAVY OIL LTD. AND PEARL EXPLORATION AND PRODUCTION LTD. EFFECTIVE OCTOBER 1, 2007Purchase and Sale Agreement • November 7th, 2007 • PetroHunter Energy Corp • Crude petroleum & natural gas • Colorado
Contract Type FiledNovember 7th, 2007 Company Industry JurisdictionTHIS PURCHASE AND SALE AGREEMENT (“Agreement”) is made and entered into this 2nd day of November, 2007, but effective October 1, 2007 (the “Effective Date”), by and between PetroHunter Heavy Oil Ltd. (“Seller”), and Pearl Exploration and Production Ltd. (“Buyer”). Seller and Buyer may be referred to individually as a “Party” or collectively as the “Parties.”