PURCHASE AND SALE AGREEMENT BY AND AMONG TRANS ENERGY, INC., AMERICAN SHALE DEVELOPMENT, INC., PRIMA OIL COMPANY, INC., REPUBLIC ENERGY VENTURES, LLC, REPUBLIC PARTNERS VIII, LLC, REPUBLIC PARTNERS VI, LP, REPUBLIC PARTNERS VII, LLC, AND REPUBLIC...Lease Number Well Lease • August 24th, 2015 • Trans Energy Inc • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (“Agreement”) is made as of April 3, 2015 (the “Execution Date”), by and among Trans Energy, Inc., a Nevada corporation (“Trans Energy”), Prima Oil Company, Inc., a Delaware corporation (“Prima”), American Shale Development, Inc., a Delaware corporation (“ASD”) (Trans Energy, Prima, and ASD referred to collectively herein as the “TE Parties”), Republic Energy Ventures, LLC, a Delaware limited liability company (“REV”), Republic Partners VIII, LLC, a Texas limited liability company (“RP8”), Republic Partners VI, LP, a Texas limited partnership (“RP6”), Republic Partners VII, LLC, a Texas limited liability company (“RP7”) and Republic Energy Operating, LLC, a Texas limited liability company (“REO”) (REV, RP8, RP6, RP7 and REO referred to collectively herein as the “Republic Parties”), collectively called “Sellers” and each a “Seller,” and TH Exploration, LLC, a Texas limited liability company (the “Buyer”). Buyer and Sellers (either individually or as a g
