FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENTSPurchase and Sale Agreement • October 27th, 2021 • Us Energy Corp • Crude petroleum & natural gas • Texas
This First Amendment to Purchase and Sale Agreements (this “Agreement”), dated and effective October 25, 2021(the “Effective Date”), amends each of those certain Purchase and Sale Agreements dated October 4, 2021 (each a “Purchase Agreement” and collectively, the “Purchase and Sale Agreements”), between each of U.S. Energy Corp., a Wyoming corporation (“U.S. Energy”), and (1) Lubbock Energy Partners, LLC, a Texas limited liability company (“Lubbock”); (2) Banner Oil & Gas, LLC, a Delaware limited liability company (“Banner”), Woodford Petroleum, LLC, a Delaware limited liability company (“Woodford”), and Llano Energy LLC, a Delaware limited liability company (“Llano”, and together with Banner and Woodford, the “Sage Road Entities”); and (3) Synergy Offshore, LLC, a Texas limited liability company (“Synergy”, and collectively with Lubbock and the Sage Road Entities, the “Sellers”).
