PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • April 3rd, 2009 • Teton Energy Corp • Drilling oil & gas wells • Colorado
This Purchase and Sale Agreement (“Agreement”), dated March 31, 2009, is by and between Teton DJ LLC, a Colorado limited liability company, (“Seller” or “Teton DJ”) with an address of 600 17th Street, Suite 1600 North, Denver, Colorado 80202, and Noble Energy, Inc., a Delaware corporation (“Buyer” or “Noble”) with an address of 1625 Broadway, Suite 2200, Denver, Colorado 80202. The transaction contemplated by this Agreement may be referred to as the “Transaction.” Seller and Buyer may be referred to individually as a “Party” or collectively as the “Parties.” Teton Energy Corporation (“Teton Energy”) joins in this Agreement for the purposes of providing certain guarantees in accordance with existing agreements between the Parties.
