Asset Purchase and Sale and Exploration Agreement (Kern County, California)Asset Purchase and Sale • March 10th, 2016 • Petro River Oil Corp. • Crude petroleum & natural gas • California
This Asset Purchase and Sale and Exploration Agreement (“Agreement”) is entered into this 4th day of March, 2016 (the “Effective Date”), by and between Compass Global Resources, LLC (“Compass”), an Oklahoma limited liability company, CCF Resources, LLC (“CCF”), an Oklahoma limited liability company, HOPPS Oil Props, LLC (“HOPPS”), a California limited liability company, Chesed Properties, LLC (“Chesed”), an Oklahoma limited liability company, Radiant Energy, LLC (“Radiant”), a Texas limited liability company (Compass, CCF, HOPPS, Chesed and Radiant hereinafter collectively referred to as “Seller”); and Petro River Oil Corporation (“Petro”), a Delaware corporation (Petro hereinafter referred to as “Buyer”). Seller and Buyer are each a “Party” and collectively the “Parties.” Tamarack Oil and Gas LLC (“Tamarack”), a Delaware limited liability company, joins in the execution of this Agreement to evidence its acceptance of and agreement to be bound by the terms and provisions hereof with re
