ACQUISITION AND JOINT DEVELOPMENT AGREEMENTAcquisition and Joint Development Agreement • July 10th, 2009 • Beard Co /Ok • Industrial inorganic chemicals • Oklahoma
THIS ACQUISITION AND JOINT DEVELOPMENT AGREEMENT (the “Agreement”) made and entered into as of this 30th day of June, 2009, by and between Beard Dilworth, LLC, an Oklahoma limited liability company (“BDLLC”), RSE Energy, LLC, an Oklahoma limited liability company (“RSE”), True Energy Exploration, LLC, an Oklahoma limited liability company (“True Energy”), Royal Energy, LLC, an Oklahoma limited liability company (“Royal Energy”), The Beard Company, an Oklahoma corporation (“Beard”), Subsurface Minerals Group, LLC, an Oklahoma limited liability company (“SMG”) and Beard Oil Company, a Delaware corporation (the “Operator”). RSE, True Energy and Royal Energy are referred to collectively as the “Purchasing Parties.” The Purchasing Parties, BDLLC, Beard and SMG are referred to collectively as the “Dilworth Field Owners.” The Dilworth Field Owners and the Operator are referred to collectively as the “Parties.”
