PURCHASE AND SALE AGREEMENT by and between AMERICAN RESOURCE DEVELOPMENT LLC, AMERICAN RESOURCE DEVELOPMENT UPSTREAM LLC AND AMERICAN RESOURCE DEVELOPMENT MIDSTREAM LLC collectively, as Seller and CALLON PETROLEUM OPERATING COMPANY as Purchaser Dated...Purchase and Sale Agreement • December 13th, 2016 • Callon Petroleum Co • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (this “Agreement”), is dated as of December 13, 2016 (the “Execution Date”), by and between American Resource Development LLC, a Delaware limited liability company (“Development”), American Resource Development Upstream LLC, a Delaware limited liability company (“Upstream”), and American Resource Development Midstream LLC, a Delaware limited liability company (“Midstream”, and collectively with Development and Upstream, “Seller”), and Callon Petroleum Operating Company, a Delaware corporation (“Purchaser”). Seller, on the one hand, and Purchaser, on the other hand, are referred to herein individually, as a “Party” and collectively, as the “Parties”.
