PETROLEUM DEVELOPMENT CORPORATION U.S.$100,000,000 3.25% Convertible Senior Notes Due 2016 PURCHASE AGREEMENTPurchase Agreement • November 24th, 2010 • Petroleum Development Corp • Crude petroleum & natural gas • New York
This agreement is being delivered to you in connection with the proposed Purchase Agreement (the “Purchase Agreement”) among Petroleum Development Corporation, a Nevada corporation (the “Company”), Wells Fargo Securities, LLC (“Wells Fargo”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of a group of initial purchasers (the “Initial Purchasers”), and the other parties thereto (if any), relating to a proposed offering of Convertible Senior Notes due 2016 (the “Convertible Notes”) of the Company pursuant to Rule 144A under the Securities Act of 1933, as amended.
