OPERATOR RESIGNATION AND TRANSITION AGREEMENTOperator Resignation and Transition Agreement • October 14th, 2014 • Callon Petroleum Co • Crude petroleum & natural gas • Texas
This Operator Resignation and Transition Agreement (this "Agreement") dated this 29th day of August, 2014, is entered into by and between Henry Resources LLC, a Texas limited liability company ("Operator"), and Callon Petroleum Operating Company, a Delaware corporation ("Purchaser"). Operator and Purchaser are sometimes referred to herein as the "Parties." This Agreement is entered into in connection with a Purchase and Sale Agreement entered into by and between NAWAB Energy Partners, LP and NAWAB WI, LP, as Sellers, and Callon Petroleum Operating Company, as Purchaser, dated August 29, 2014 (as amended, the "PSA"), a signed copy of which is attached hereto as Annex 3.
