Lease being a part thereof, regardless of whether such production is from the Lands, (iii) all rights, options, titles and interests of Seller granting Seller the right to obtain, or otherwise earn interests within the Lands no matter howĮarned, (iv) all tenements, hereditaments and appurtenances belonging to any of the foregoing, and (v) any and all mineral fee interests, mineral servitudes, royalty interests, overriding royalty interests, net profits interests, The possession and enjoyment of the Leases, (ii) all rights in respect of any pooled or unitized acreage located in whole or in part within the Lands by virtue of the Leases, including rights to production from the pool or unit allocated to any Seller’s undivided interests in (i) all rights, privileges, benefits and powers conferred upon the holder of the Leases with respect to the use and occupation of the surface of the Lands that may be necessary, convenient or incidental to Lands from the surface of the earth to the base of the Woodbine Formation, as defined in Section 1.01(f), below (the “ Lands”), described or referenced in the Leases and/or in Exhibit A hereto, together with all of (a) The oil, gas and mineral leases described in Exhibit A hereto (the “ Leases”) insofar as they cover the Right, title and interest in and to the following described assets (herein called the “ Assets”), but specifically excluding the Excluded Assets (as defined in Section 1.02 below), to-wit: Subject to the terms and conditions of this Agreement, Seller agrees to sell and convey to Buyer, and Buyer agrees to purchase and pay for, all of Seller’s

Sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows:ġ.01 Description of Assets. In consideration of the mutual covenants and agreements of the parties contained herein, the benefits to be derived by each party hereunder and other good and valuable consideration, the receipt and “ Seller”), and QRE Operating, LLC, a Delaware limited liability company (herein called “ Buyer”). The Effective Time), is made and entered into by and among SND Operating, LLC, a Texas limited liability company SND Energy Company, Inc., a Texas corporation Topcat Energy, LLC, a Texas limited liability company TraverseĮnergy Investments, Inc., a Texas corporation CRA Interests, LLC, a Texas limited liability company Modoc Limited, LLC, a Texas limited liability company and Xxxx Xxxxxxx Xxxxxx, an individual (herein collectively called This Purchase and Sale Agreement (this “ Agreement”), dated as of the 27th day of June, 2013 (but effective as of Waiver of Right to Recover Certain Damages Rights and Obligations Upon Breach and/or Termination

Limitations on Indemnification Obligations Assumption of Assumed Obligations by Buyer Material Adverse Environmental Conditions

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