PURCHASE AND SALE AGREEMENT BY AND AMONG KODIAK OIL & GAS (USA) INC., AS SELLER, AND EMERALD OIL, INC. AND EMERALD WB LLC, COLLECTIVELY, AS PURCHASER DATED AS OF January 9, 2014Purchase and Sale Agreement • January 10th, 2014 • Emerald Oil, Inc. • Crude petroleum & natural gas • Colorado
This Purchase and Sale Agreement (as may be amended, restated, supplemented or otherwise modified from time to time, this “Agreement”) is entered into on January 9, 2014 (the “Execution Date”), but effective as of the Effective Time, as defined below, by and among (i) Kodiak Oil & Gas (USA) Inc., a Colorado corporation (“Seller”), (ii) Emerald Oil, Inc., a Montana corporation, and (iii) Emerald WB LLC, a Colorado limited liability company (together with Emerald Oil, Inc., “Purchaser”). Seller and Purchaser are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
