Purchase and Sale Agreement between PRB Energy, inc and Arête Industries, Inc.. Effective: September 1, 2006 PURCHASE AND SALE AGREEMENT BY AND BETWEEN ARETE INDUSTRIES, INC. and PRB ENERGY, INC. EFFECTIVE SEPTEMBER 1, 2006Purchase and Sale Agreement • September 29th, 2006 • Arete Industries Inc • Crude petroleum & natural gas • Wyoming
This Purchase and Sale Agreement (the “Agreement”) entered into this 1st day of September, 2006, is the agreement between PRB Energy, Inc., 1875 Lawrence Street, Suite 450, Denver, Colorado 80202 (the "Seller") and Arête Industries, Inc., 7260 Osceola Street, Westminster, Colorado 80030 (the “Buyer”) concerning the sale and purchase of certain coal bed methane gas gathering pipeline and compressor station-related assets described below. For purposes of this Agreement, the effective date of the purchase and sale shall be 12:01 a.m. Mountain Time on September 1, 2006 (the “Effective Date”). Seller and Buyer shall close the transaction contemplated by this Agreement on or before September 13, 2006, (the “Closing Date”.)
