PUT OPTION AGREEMENTPut Option Agreement • November 26th, 2010 • Recovery Energy, Inc. • Crude petroleum & natural gas • Colorado
THIS PUT OPTION AGREEMENT (this “Put Agreement”) dated effective as of November 19, 2010 (the “Effective Time”), is between GRANDHAVEN ENERGY, LLC, a Wisconsin limited liability company (“Grandhaven”), 730 17th Street, Suite 800, Denver, Colorado 80202, and RECOVERY ENERGY, INC., a Nevada corporation (“Recovery”), 1515 Wynkoop Street, Suite 200, Denver, Colorado 80202. Grandhaven and Recovery are sometimes referred to in this Agreement, collectively, as the “Parties,” and individually, as a “Party.”
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • November 26th, 2010 • Recovery Energy, Inc. • Crude petroleum & natural gas • Colorado
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”), dated effective as of November 1, 2010 at 7:00 a.m. Mountain Time (the “Effective Time”), is between EDWARD MIKE DAVIS, L.L.C., a Nevada limited liability company, and SPOTTIE, INC.., a Nevada corporation, 200 Rancho Circle, Las Vegas, Nevada 89107 (together, “Seller”), and RECOVERY ENERGY, INC., a Nevada corporation, 1515 Wynkoop Street, Suite 200, Denver, Colorado 80202 (“Buyer”). Seller and Buyer are sometimes referred to in this Agreement, collectively, as the “Parties,” and individually, as a “Party.”
