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
This 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.
