0001213900-18-000448 Sample Contracts

Purchase and Sale Agreement Dated as of May 25, 2017 Among
Purchase and Sale Agreement • January 12th, 2018 • Carbon Natural Gas Co • Crude petroleum & natural gas • Texas

This Purchase and Sale Agreement (this “Agreement”), dated May 25, 2017 (the “Execution Date”), is among ENERVEST ENERGY INSTITUTIONAL FUND XII-A, L.P., a Delaware limited partnership, whose mailing address is 1001 Fannin Street, Suite 800, Houston, Texas 77002, ENERVEST ENERGY INSTITUTIONAL FUND XII-WIB, L.P., a Delaware limited partnership, whose mailing address is 1001 Fannin Street, Suite 800, Houston, Texas 77002, and ENERVEST ENERGY INSTITUTIONAL FUND XII-WIC, L.P., a Delaware limited partnership, whose mailing address is 1001 Fannin Street, Suite 800, Houston, Texas 77002, and for the limited purposes as provided herein, ENERVEST OPERATING, L.L.C., a Delaware limited liability company (the “Operator”), whose mailing address is 1001 Fannin Street, Suite 800, Houston, Texas 77002 (collectively, “Seller” and each singly, a “Seller Party”); and Carbon West Virginia Company, LLC, a Delaware limited liability company, whose address is 1700 Broadway, Suite 1170, Denver, Colorado 80290

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