ASSET PURCHASE AGREEMENT DATED AS OF AUGUST 24, 2018, BY AND AMONG REX ENERGY CORPORATION, AND REX SUBSIDIARIES, COLLECTIVELY, AS SELLERS, AND PENNENERGY RESOURCES, LLC, AS BUYERAsset Purchase Agreement • August 27th, 2018 • Rex Energy Corp • Crude petroleum & natural gas • Pennsylvania
THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of August 24, 2018 (the “Execution Date”), is by and among Rex Energy Corporation, a Delaware corporation, whose address is 476 Rolling Ridge Drive, Ste. 300, State College, PA 16801 (“REC”; and collectively with the Rex Subsidiaries, the “Sellers”, and each individually, a “Seller”), and PennEnergy Resources, LLC, a Delaware limited liability company, whose address is 1000 Commerce Dr. #100, Pittsburgh, PA 15275 (“Buyer”). Capitalized terms used but not otherwise defined herein have the meanings set forth in Article 1. Sellers and Buyer are sometimes referred to collectively herein as the “Parties” and individually as a “Party”.
