PURCHASE AND SALE AGREEMENT BY AND BETWEEN LIBERTY RESOURCES MANAGEMENT COMPANY, LLC LIBERTY RESOURCES BAKKEN OPERATING, LLC (Liberty) AND EMERALD OIL, INC. EMERALD WB LLC (Emerald) AND LIBERTY RESOURCES II, LLC (Guarantor) Dated August 1, 2014Purchase and Sale Agreement • August 4th, 2014 • Emerald Oil, Inc. • Crude petroleum & natural gas • Colorado
This Purchase and Sale Agreement (this “Agreement”), dated as of this 1st day of August, 2014, is entered into by and between Liberty Resources Management Company, LLC, a Delaware limited liability company (“Liberty Management”) and Liberty Resources Bakken Operating, LLC, a Delaware limited liability company (“Liberty Bakken” and together with Liberty Management, “Liberty”), and Emerald Oil, Inc., a Delaware corporation (“Emerald Oil”) and Emerald WB LLC, a Colorado limited liability company (“Emerald WB” and together with Emerald Oil, “Emerald”), and Liberty Resources II, LLC, a Delaware limited liability company (“Liberty Resources”), as guarantor. Each of the foregoing entities are collectively referred to as the “Parties” and individually as a “Party”.
