ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • October 5th, 2016 • Halcon Resources Corp • Crude petroleum & natural gas • Texas
This ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is made as of the 30th day of September 2016 (the “Effective Date”), at 9:00 a.m. Houston, Texas time, by and among Halcón Energy Properties, Inc., a Delaware corporation (“HEPI”), and Halcón Gulf States, LLC, an Oklahoma limited liability company (collectively with HEPI, the “Assignors”) and Apollo HK TMS Investment Holdings, L.P., a Delaware limited partnership (the “Assignee”).
UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATIONUnaudited Pro Forma Condensed Combined Financial Information • October 5th, 2016 • Halcon Resources Corp • Crude petroleum & natural gas
On September 30, 2016 (the “Effective Time”), certain wholly-owned subsidiaries (the “Sellers”) of Halcón Resources Corporation (“Halcón” or the “Company”) executed an Assignment and Assumption Agreement (the “Assignment Agreement”) with an affiliate of Apollo Global Management (the “Buyer”) pursuant to which the Sellers assigned to Buyer, as of the Effective Time, one hundred percent (100%) of the common shares (the “Membership Interests”) of HK TMS LLC (“HK TMS”), which transaction is referred to as the “HK TMS Divestiture.” HK TMS was previously a wholly-owned subsidiary of the Company and held all of the Company’s oil and natural gas properties in the Tuscaloosa Marine Shale. In exchange for the assignment of the Membership Interests, the Buyer assumed all obligations relating to the Membership Interests of HK TMS from and after the Effective Time.
