ASSET PURCHASE AGREEMENT between ALLIANCE DRILLING FLUIDS, LLC and XTREME SPECIALTY PRODUCTS, LLC and PROP-TECH SERVICES, LLC as Sellers, and THE MEMBERS and NEWPARK DRILLING FLUIDS LLC as Buyer, and NEWPARK RESOURCES, INC.Asset Purchase Agreement • February 28th, 2013 • Newpark Resources Inc • Oil & gas field machinery & equipment • Texas
THIS ASSET PURCHASE AGREEMENT, dated December 28, 2012 (this “Agreement”), is by and among Alliance Drilling Fluids, LLC, a Texas limited liability company (“Alliance”), Xtreme Specialty Products, LLC, a Texas limited liability company (“Xtreme”) and Prop-Tech Services, LLC, a Texas limited liability company (“Prop-Tech,” and collectively with Alliance and Xtreme, the “Sellers”), the Members (as herein defined) and Newpark Drilling Fluids LLC, a Texas limited liability company (the “Buyer”). The Sellers, Members and the Buyer are hereinafter collectively referred to as the “parties” and each individually as a “party.” Newpark Resources, Inc., a Delaware corporation (“Newpark”), joins this Agreement solely for the purposes of Section 11.13 below.
