2018-01-10_REVISION - M2006017

• Permit No: M2006017
• IBM Index Class Name: Revision
• Doc Date: 1/10/2018
• Doc Name Note: Request for S.O.
• Doc Name: Request For Succession Of Operator
• From: Jemadojin, LLC
• To: DRMS
• Type & Sequence: SO3
• Email Name: TC1
• Email Name: WHE
• Email Name: BJC
• Media Type: D
• Archive: No

TABLE OF CONTENTS
ARTICLE I. DEFINITIONS............................................................,.......................................... 2
1.1 Definitions..............................................................................................................2
ARTICLE II. PURCHASED ASSETS; ASSUMPTION OF ASSUMED
LIABILITIES; CLOSING................................................................................... 7
2.1
Purchase, Sale and Option for the Purchased Assets .............................................. 7
2.2
Option Money......................................................................................................... 7
2.3
Conditions and Term of Option.............................................................................. 7
2.4
Closing...................................................................................................................8
2.5
Excluded Assets...................................................................................................... 8
2.6
Assumed Liabilities................................................................................................ 9
2.7
Excluded Liabilities................................................................................................ 9
2.8
Consents................................................................................................................10
2.9
First Option Payment............................................................................................10
2.10
Purchase Price; Closing........................................................................................11
2.11
Proration of Certain Charges................................................................................12
2.12
Allocations............................................................................................................12
2.13
Deductions and Withholdings.,.............................................................................12
ARTICLE III. REPRESENTATIONS AND WARRANTIES .. .............................................12
3.1 Representations and Warranties of the Seller.......................................................12
3.2 Representations and Warranties of the Individuals..............................................18
3.3 Representations and Warranties of the Buyer.....,.................................................18
ARTICLE IV. COVENANTS.................................................................................................... 20
4.1 Covenants of the Seller or the Individuals............................................................ 20
4.2 Muhl Covenants................................................................................................. 23
ARTICLE V. TITLE MATTERS........................................................................................... 25
5.1 Title and Clue; Title Insurance............................................................................. 25
5.2 Title Review.......................................................................................................... 25
5.3 Title Policy............................................................................................................ 26
5.4 After -Acquired Title............................................................................................. 26
ARTICLE VI. CONDITIONS TO CLOSING......................................................................... 26
6.1 Conditions to the Obligations of the Parties......................................................... 26
6.2 Conditions to the Obligations of the Buyer.......................................................... 26
6.3 Conditions to the Obligations of the Seller and the Individuals ........................... 28
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