UNICORP, INC.
UNICORP,
INC.
March
9,
2006
La
Mesa
Partners, L.C.
Attn: Xxx
Xxxxxx
0000
Xxxxxxxx Xxxxxxx, Xxxxx 000
McKinney,
Texas 75071
Re: Letter
of
Intent - Lease
Acquisition, Ohio and Xxxxx Counties, Kentucky
Dear
Xx.
Xxxxxx:
This
Letter of Intent confirms the verbal agreements between Unicorp, Inc and La
Mesa
Partners, L.C., concerning Unicorp’s acquisition of certain leases currently
owned by La Mesa. As a result of timing, certain agreements have not been
prepared and available for signatures at the time of closing on the lease
acquisitions in Ohio and Xxxxx Counties, Kentucky.
La
Mesa
hereby agrees to provide the following documentation to Unicorp within thirty
(30) days of this letter:
| 1. |
Assignment
of all leases described on Exhibit “A” to that certain Farmout Agreement
between La Mesa Partners and Affiliated Holdings, Inc. dated as of
April
12, 2005.
|
| 2. |
Acceptable
Farmout Agreement between La Mesa Partners and Affiliated Holdings,
Inc.
relating to the leases owned by La Mesa in Xxxxx County, Kentucky and
assignment of all leases described on Exhibit “A” to be included on such
Farmout Agreement.
|
| 3. |
La
Mesa acknowledges payment of $100,000 and the issuance by Unicorp of
a
convertible note in the principal amount of $75,000 as full payment
for
the above listed leases.
|
If
La
Mesa is in agreement with the above terms, please so signify by signing
below.
Sincerely
yours,
/s/
Xxxxx Xxxxx
Xxxxx
Xxxxx
Chief
Executive Officer
La
Mesa
Partners, L.C.
By:
/s/
Xxx Xxxxxx
Xxx
Xxxxxx, President
