PURCHASE AND SALE AGREEMENT BY AND BETWEEN KOCH EXPLORATION COMPANY, LLC (Koch) AND EMERALD OIL, INC. EMERALD WB LLC EMERALD NWB, LLC (Emerald) Dated July 31, 2015Purchase and Sale Agreement • August 3rd, 2015 • Emerald Oil, Inc. • Crude petroleum & natural gas • Colorado
This Purchase and Sale Agreement (this “Agreement”), dated as of this 31st day of July, 2015, is entered into by and between Koch Exploration Company, LLC, a Delaware limited liability company (“Koch”), and Emerald Oil, Inc., a Delaware corporation (“Emerald Oil”), Emerald WB LLC, a Colorado limited liability company (“Emerald WB”), and Emerald NWB, LLC, a Colorado limited liability company (“Emerald NWB” and together with Emerald Oil and Emerald WB, “Emerald”). The foregoing entities are collectively referred to as the “Parties” and individually as a “Party”.
