PURCHASE AND SALE AGREEMENT DATED AS OF NOVEMBER 17, 2011 BETWEEN XPLOR ENERGY SPV-I, INC., AS THE SELLER, AND TEXAS PETROLEUM INVESTMENT COMPANY, AS THE BUYERPurchase and Sale Agreement • March 2nd, 2012 • HKN, Inc. • Crude petroleum & natural gas • Texas
Contract Type FiledMarch 2nd, 2012 Company Industry JurisdictionThis Purchase and Sale Agreement (this “Agreement”) is made and entered into this 17th day of November, 2011 (the “Execution Date”) by and between XPLOR Energy SPV-I, Inc. (“XPLOR”), an Oklahoma corporation, (the “Seller”) and Texas Petroleum Investment Company (“Buyer”), a Texas corporation, on the other hand. The Buyer and the Seller are collectively referred to herein as the “Parties”, and are sometimes referred to individually as a “Party.