EXHIBIT 10.1 April 18, 1997 Texoil, Inc. 1600 Smith, Suite 4000 Houston, Texas 77002 Attention:Mr. Ruben Medrano Gentlemen: Resource Investors Management Company Limited Partnership ("RIMCO"), on behalf of RIMCO Partners, L.P., RIMCO Partners, L.P....Texoil Inc /Nv/ • April 24th, 1997 • Crude petroleum & natural gas
This agreement is contingent upon completion of appropriate documentation fully satisfactory in form and substance to each of us and our respective counsel. It is hereby agreed that such documentation shall contain terms as described in the attached Summary of Principal Terms, and in addition, representations, business covenants and other provisions customary to similar transactions.
