PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • March 30th, 2007 • PRB Energy, Inc. • Natural gas transmission • Wyoming
This Purchase and Sale Agreement (the “Agreement”) entered into this th day of August, 2006, is the agreement between PRB Energy, Inc., 1875 Lawrence Street, Suite 450, Denver, Colorado 80202 (the “Seller”) and Arete 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 1, 2006, (the “Closing Date”.)
As of August 1, 2006Asset Purchase Agreement • March 30th, 2007 • PRB Energy, Inc. • Natural gas transmission
