Exhibit 10.1
October 29, 2004
Mr. Xxxxxxx Xxxxxxx President CLK Energy, Inc. 0000 Xxxxxxx Xx. 0xx. Xxxxx Xxx
Xxxxxxx, XX 00000
Re: Bayou Choctaw Field - West Baton Rouge and Iberville Parishes, Louisiana
Dear Xxxx:
This letter will amend our letter agreement of July 13, 2004 as amended by
letters dated August 10, 2004, August 30, 2004 and September 27, 2004 (the
"Letter Agreement").
1. The date in paragraph numbered 1 in the Letter Agreement which
originally appeared as August 10, 2004 and has since been changed to
September 30, 2004 shall be changed to November 19, 2004.
2. The paragraph numbered 2 (iii) shall be deleted and replaced with the
following:
"Xxxxx shall obtain the resignation of Xx. XxXxxxxx from the Board of
Directors, increase the size of the Board of Directors from 2 members
to 3 and cause the vacancies left by such resignation and increase in
size to be filled by Xxxxxxx X. Xxxxxxx and Xxxxxx X. XxXxx."
3. The warrants to be issued under paragraph numbered 2 (vi) shall be
issued to the individuals set forth on Exhibit "A" hereto.
4. The stock to be issued under paragraph numbered 2 (vii) shall be issued
to the individuals set forth on Exhibit "B" hereto.
5. The warrants to be issued under paragraph numbered 4 shall be issued
to the individuals set forth on Exhibit "C" hereto.
Except as amended hereby, the Letter Agreement is ratified and confirmed.
If you are in agreement with these terms, please execute and return one copy
of this letter.
Sincerely,
/S/ Xxxxxxx Xxxxx
--------------------
Xxxxxxx Xxxxx
President
Accepted and Agreed October , 2004 CLK ENERGY, INC.
/S/ Xxxxx X. Xxxxxx
--------------------
By: Xxxxx X. Xxxxxx
Its: CFO
EXHIBIT "A"
Xxxxx Xxxxxx 142,850
Xxxxxxx X. Xxxxxx 142,850
Xxxxxxx X. Xxxxxxx 142,850
Xxxxxx X. XxXxx, III 71,450
EXHIBIT "B"
Xxxxx Xxxxxx 15/70 ths
Xxxxxxx X. Xxxxxx 21/70 ths
Xxxxxxx X. Xxxxxxx 25/70 ths
Xxxxxx X. XxXxx 5/70 ths
Xxxx Xxxxxxxx 4/70 ths
EXHIBIT "C"
Xxxxx X. Xxxxxx 321,429
Xxxxxxx X. Xxxxxx 450,000
Xxxxxxx X. Xxxxxxx 535,714
Xxxxxx X. XxXxx 107,143
Xxxx Xxxxxxxx 85,714
