ASSET PURCHASE AGREEMENTAsset Purchase Agreement • May 11th, 2009 • NGAS Resources Inc • Crude petroleum & natural gas • Texas
This ASSET PURCHASE AGREEMENT (this “Agreement”), dated May 11, 2009, is by and among Seminole Gas Company, an Oklahoma corporation (the “Buyer”), NGAS Gathering, LLC, a Kentucky limited liability company (“NGL”), Daugherty Petroleum, Inc., a Kentucky corporation (“DPI” and, collectively with NGL, the “Sellers”), and NGAS Gathering II, LLC, a Kentucky limited liability company wholly owned by DPI (“New NGAS Gathering”). Capitalized terms used herein and not otherwise defined shall have the meanings set forth in Article 1 hereof or, as applicable, the meanings set forth in Schedule H.
