RECEIVERSHIP SALE. Authorized by Ernst & Young Inc. to liquidate certain assets of X-Treme Energy Group Inc. (In Receivership)
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1 RECEIVERSHIP SALE Authorized by Ernst & Young Inc. to liquidate certain assets of X-Treme Energy Group Inc. (In Receivership) Please direct all questions and submit all offers to: Street NW Edmonton, Alberta T5M 1W2 Ph Fax
2 Terms and Conditions This rig package was initially built to work in Mexico by X-Treme Energy Group, the manufacturer who has ceased operations. Constructed and designed for a warmer climate, this rig can still remain in Canada with some additional modifications. The Rig is approximately 85% completed and all components are brand new. We have broken this Rig Package into 54 lots. With this process, you will have the option to bid on the complete package or on certain lots that you are interested in. The 2 generation buildings have each been broken out into 4 lots Lots 8 through 15 you can either bid on the entire generation building or on each engine/generator package. Prospective purchasers can submit offers to Century Services Inc. ( Century ) to purchase Assets at the following address: Century Services Inc. Edmonton@centuryservices.com Street NW Fax: (780) Edmonton, AB T5M 1W2 Phone: (780) Prospective purchasers must submit offers to Century to purchase the Assets prior to 5:00 pm MST Friday, March 14, The Terms and Conditions of the sale process are detailed later in this Information Package along with the following key dates for the process: Event Timing Asset viewings By Appointment Avenue, Innisfail, Alberta Offer deadline Friday, March 14, 2014 at 5 pm MST Notification to bidders Friday, March 21, 2014 Closing date Tuesday, March 25, 2014 or such earlier or later reasonable time as may be agreed to. 3. Each Offerer shall, with his Offer, deliver to Century a certified cheque payable to Century for five percent (5%) of the total offer price. If an Offer is accepted, in whole or in part, such cheque shall be cashed and the proceeds thereof relating to those separate Offers accepted shall constitute a deposit (the Deposit ). Century Services Inc Schedule A X-Treme Energy Group Inc. (In Receivership) - Offer To Purchase Contract - Page 1 of 6
3 Terms and Conditions (cont d) 4. The Deposit shall be applied to the purchase price on completion of the Agreement. However, if an offer is accepted and the purchaser fails to complete the purchase of the Assets in accordance with the terms of the agreement, the Purchaser shall forfeit their deposit. 5. A cheque accompanying an Offer that is not accepted, in whole or in part, by Century, or monies relating to those separate Offers not accepted by Century, shall be returned to the Offerer, without interest, to the address given in its Offer within five business days from the Tender Closing Date. 6. The balance of the Purchase Price together with all applicable taxes (including Goods and Services Tax) shall be paid to Century by cash, certified cheque, bank draft or money order in Canadian Dollars, on the Closing Date. Possession of the Assets will not be granted until the balance of the Purchase Price has been paid in full. 7. Any documentation or other material provided to prospective Purchasers relating to the Assets which is the subject matter of the Terms and Conditions of Sale including without limitation all related Schedules, has been prepared solely for the convenience of prospective Purchasers and is not warranted to be complete or accurate and is not part of the Terms and Conditions of Sale. 8. Century will evaluate the offers received and may individually contact some or all prospective purchasers to request additional information about their respective offers. 9. Century reserves the right to withdraw any Assets from the sale at any time prior to the Closing Date. Century Services Inc Street NW Edmonton, AB T5M 1W2 Canada Telephone: (780) Facsimile: (780) Edmonton@centuryservices.com Century Services Inc Schedule A X-Treme Energy Group Inc. (In Receivership) - Offer To Purchase Contract - Page 2 of 6
4 X-TREME ENERGY GROUP INC. IN RECEIVERSHIP THIS FORM SHOULD BE COMPLETED FOR AN OFFER TO PURCHASE THE ASSETS OF X-TREME ENERGY GROUP INC. (IN RECEIVERSHIP) To: Century Services Inc Street NW Edmonton, AB T5M 1W2 Canada 1. Name of Tenderer Company Name 2. Address City/Town Prov/State Postal/Zip 3. Telephone Number Fax Number 4. We hereby submit this irrevocable tender for the Assets of X-Treme Energy Group Inc. (In Receivership) described below. Lot X-Treme XEG-440 AC 850 HP Walking Pad Drilling Rig 3500 Meter Capacity Lot 2 Automated Catwalk and V-Door Lot 3 Lot 4 Lot 5 Lot 6 Lot 7 Top Drive Accumulator Building Rig Line Suitcases Mud System #2 Mud Tank (Mixing Tank) Century Services Inc Schedule A X-Treme Energy Group Inc. (In Receivership) - Offer To Purchase Contract - Page 3 of 6
5 Lot 8 #1 Generator Building - Complete Package Lot 9 Lot 10 Lot 11 Lot 12 Lot 13 Lot 14 Lot 15 Lot 16 Lot 17 Lot 18 Cat 3512 with Kato 1225 kw Generator with Cat C15 with Cat 365 kw Generator with Generator Building #1 Building Only with Compressor #2 Generator Building Complete Package Cat 3512 with Kato 1225 kw Generator with Cat 3512 with Kato 1225 kw Generator with Generator Building #2 Building Only VFD/MCC Building Water Tank / Crew Shack Fuel Tank Lot 19 Hydraulic Drill Pipe Tubs Quantity 6 Lot 20 Hydraulic Drill Pipe Tubs Quantity 4 Lot 21 Matting Lot 22 Seacan Shops Quantity 4 Lot 23 Lot 24 Lot 25 Lot 26 Lot 27 Rig Line Suitcases WIP Package Scalping Tank Manifold Skid WIP Package Century Services Inc Schedule A X-Treme Energy Group Inc. (In Receivership) - Offer To Purchase Contract - Page 4 of 6
6 Lot 28 Mud Tank WIP Package 3 Tanks Lot 29 Lot 30 Lot 31 Lot 32 Lot 33 Lot 34 Lot 35 Lot 36 Lot 37 Lot 38 Lot 39 Lot 40 Lot 41 Lot 42 Lot 43 Lot 44 Lot 45 Lot 46 Lot 47 Accumulator Building Manifold Skid WIP (F110460) VFD/MCC Building Incomplete WIP Package WIP Package 3 Shale Tanks Safety Package 3 Emergency Showers Seacan Package Drill Line 2 Spools Drawworks Rotary Table Package Motor Package Iron Derrickman Tool Package Motor Package Electrical Package Electric Package Rig Components Air Compressor Package Pump Package Century Services Inc Schedule A X-Treme Energy Group Inc. (In Receivership) - Offer To Purchase Contract - Page 5 of 6
7 Lot 48 Walking Pad Package Lot 49 Lot 50 Lot 51 Lot 52 Lot 53 Lot 54 Handling Tool Package Containment Package Top Drive Components Mud Tank Components Safety Package Drawwork Package 5. All amounts set out in this tender form are in Canadian dollars. 6. Goods and Services Tax are payable over and above the Amount Offered to Purchase. 7. Enclosed is our certified cheque, bank draft or money order payable to Century in the amount of $ representing five percent (5%) of the total amount of our tender submitted herein (inclusive of GST). 8. We agree irrevocably to be bound by the Terms and Conditions of the Sale herein. DATED at,, this day of, 2014 (City/Town) (Prov/State) Print Name of Tenderer Per: Signature Century Services Inc Schedule A X-Treme Energy Group Inc. (In Receivership) - Offer To Purchase Contract - Page 6 of 6
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