PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • December 13th, 2024 • Us Energy Corp • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (this “Agreement”) executed on December 12, 2024 (the “Execution Date”), but effective as of the Effective Date, is made by and among U.S. Energy Corporation, a Delaware corporation (“U.S. Energy”), and New Horizon Resources LLC, a North Dakota limited liability company and wholy owned subsidiary of U.S. Energy Corporation (“New Horizon” and together with U.S. Energy, the “Seller”) and 84 Resources Holdings, LLC, a Texas limited liability company (“Buyer”), for the purchase by Buyer of one hundred percent (100%) of Seller’s right, title and interest in and to the Assets, as defined herein, subject to the terms, conditions, and reservations contained herein. Seller and Buyer may each be referred to herein as a “Party” and together referred to herein as the “Parties”.
