PURCHASE AND SALE AGREEMENT BETWEEN BILL BARRETT CORPORATION AND BILL BARRETT CBM CORPORATION AS SELLERS AND ENCORE ENERGY PARTNERS OPERATING, LLC AS BUYER AND VANGUARD NATURAL RESOURCES, LLC AS PARENT GUARANTOR Dated: October 31, 2012Purchase and Sale Agreement • November 5th, 2012 • Vanguard Natural Resources, LLC • Crude petroleum & natural gas • Colorado
This Purchase and Sale Agreement (this “Agreement”) is made and entered into this 31st day of October, 2012, by and between BILL BARRETT CORPORATION, a Delaware corporation (“Barrett”) and BILL BARRETT CBM CORPORATION, a Delaware Corporation (“CBM Corp” and, together with Barrett, collectively, “Seller”), on the one hand, and ENCORE ENERGY PARTNERS OPERATING, LLC, a Delaware limited liability company (“Buyer”) and VANGUARD NATURAL RESOURCES, LLC, a Delaware limited liability company (“Parent Guarantor”), on the other hand. Barrett, CBM Corp, Buyer and Parent Guarantor are collectively referred to herein as the “Parties,” and are sometimes referred to individually as a “Party.”
