TERMINATION OF PURCHASE AND SALE AGREEMENTTermination of Purchase and Sale Agreement • February 13th, 2018 • Empire Petroleum Corp • Crude petroleum & natural gas • Louisiana
This Termination of Purchase and Sale Agreement (this "Termination Agreement") is made as of February 6, 2018 but is effective for all purposes as of 10:01 A.M. February 5, 2018 (the "Effective Time"), by and among WAGON WHEEL ARKLATEX, LCC ("Wagon Wheel"), a Delaware limited liability company, and GREEN WHEEL, LLC ("Green Wheel"), a Delaware limited liability company (Wagon Wheel and Green Wheel are hereafter individually and collectively referred to as "Seller"), and EMPIRE PETROLEUM CORPORATION ("Empire"), a Delaware corporation, and EMPIRE LOUISIANA LLC ("Empire LA"), a Delaware limited liability company (Empire and Empire LA are hereafter individually and collectively referred to as "Buyer"). Seller and Buyer are sometimes herein referred to as the "Parties," and each individually as a "Party." All capitalized terms used but not otherwise defined in this Termination Agreement shall have the meaning assigned to such terms in the PSA (as defined below).
