PURCHASE AND SALE AGREEMENT BETWEENPurchase and Sale Agreement • October 3rd, 2014 • Bill Barrett Corp • Crude petroleum & natural gas • Colorado
TABLE OF CONTENTS Page ARTICLE 1 ASSETS 1 Section 1.01 Agreement to Sell and Purchase 1 Section 1.02 Assets 1 Section 1.03 Excluded Assets 3 ARTICLE 2 PURCHASE PRICE 5 Section 2.01 Purchase Price 5 Section 2.02 Deposit 5 Section 2.03 Allocated Values 6 Section 2.04 Section 1031 Like-Kind Exchange 6 ARTICLE 3 EFFECTIVE TIME 7 Section 3.01 Ownership of Assets 7 Section 3.02 Production Imbalances 7 ARTICLE 4 TITLE AND ENVIRONMENTAL MATTERS 7 Section 4.01 Examination Period 7 Section 4.02 Title Defects 8 Section 4.03 Notice of Title Defects 8 Section 4.04 Remedies for Title Defects 10 Section 4.05 Special Warranty of Title 11 Section 4.06 Preferential Rights to Purchase 13 Section 4.07 Consents to Assignment 13 Section 4.08 Remedies for Title Benefits 14 Section 4.09 Environmental Review 15 Section 4.10 Definitions Used in ARTICLE 4 and in this Agreement 17 Section 4.11 Notice of Environmental Defects 17 Section 4.12 Remedies for Environmen
