March 1, 1999 Denbury Resources Inc. 17204 Preston Road Suite 200 Dallas, Texas 75252 RE: Termination of Securities Purchase Agreement Ladies and Gentlemen: Reference is made to the Securities Purchase Agreement, dated as of November 13, 1995 between...Securities Purchase Agreement • March 4th, 1999 • Denbury Resources Inc • Crude petroleum & natural gas
This letter confirms our understanding and agreement that, effective as of the closing under the Stock Purchase Agreement dated as of December 16, 1998 between Denbury Resources Inc. and TPG Partners II, L.P., the Securities Purchase Agreement shall terminate and cease to have any force or effect. Please acknowledge your confirmation of this understanding and agreement by countersigning and returning to us the enclosed copy of this letter where indicated below.
