PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • February 28th, 2017 • PetroShare Corp. • Crude petroleum & natural gas
This Purchase and Sale Agreement (the “Agreement”), executed this 23rd day of February, 2017, but effective on January 1, 2017 at 12:01 a.m. Mountain Standard Time, is by and between Morning Gun Exploration LLC, a Colorado limited liability company, 1601 Arapahoe St., Box 1, Daniel Fisher Tower, Denver, CO 80202, as “Seller”, and PetroShare Corp., a Colorado corporation, 9635 Maroon Circle, Suite 400 Englewood, CO, 80112 (as “Purchaser”). The transaction contemplated by this Agreement may be referred herein as the “Transaction”. Seller and Purchaser may be referred to individually as a “Party” or collectively as the “Parties”.
