Asset Purchase Agreement dated as of May 25, 2016, by and between Emerald Oil, Inc., Emerald WB LLC, Emerald NWB, LLC, Emerald DB, LLC and EOX Marketing, LLC, as Sellers, and NEW EMERALD HOLDINGS LLC, as Buyer and and SSC EMERALD LP, as guarantorsAsset Purchase Agreement • June 1st, 2016 • Emerald Oil, Inc. • Crude petroleum & natural gas • Delaware
This Asset Purchase Agreement (this “Agreement”), dated as of May 25, 2016 (the “Execution Date”), is by and among Emerald Oil, Inc., a Delaware corporation (the “Company”), Emerald WB LLC, a Colorado limited liability company (“Emerald WB”), Emerald NWB, LLC, a Delaware limited liability company (“Emerald NWB”), Emerald DB, LLC, a Delaware limited liability company (“Emerald DB”), EOX Marketing, LLC, a Delaware limited liability company (“EOX” and together with the Company, Emerald WB, Emerald NWB, and Emerald DB, each a “Seller” and collectively, “Sellers”), New Emerald Holdings LLC, a Delaware limited liability company (“Buyer”), and, for the sole purpose of guarantying Buyer’s obligations hereunder, CL Energy Opportunity Fund, L.P. and SSC Emerald LP. Capitalized terms used but not otherwise defined herein have the meanings set forth in Article 13. Sellers and Buyer are sometimes referred to collectively herein as the “Parties” and individually as a “Party”.
