PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • May 11th, 2015 • Emerald Oil, Inc. • Crude petroleum & natural gas • New Mexico
This Purchase and Sale Agreement (“Agreement”) effective as of April 20, 2015 (the “Effective Date”), is by and between Yates Petroleum Corporation (“YPC”), Abo Petroleum Corporation, Myco Industries, Inc., Sharbro Energy, LLC, Yates Industries, LLC, John A. Yates, individually and as Trustee of Trust Q under the will of Peggy A. Yates, deceased, Santo Legado LLLP, and Petro Quatro LLC (collectively referred to as “Yates” and/or the “Sellers”) and Emerald Oil, Inc., a Delaware corporation, and Emerald DB, LLC, a Delaware limited liability company (collectively referred to as “Emerald” and/or the “Buyers”). Each of Yates and Emerald are referred to herein individually as a “Party” and collectively as the “Parties.” The Parties hereby agree as follows:
