EXHIBIT 10.1 LETTER AGREEMENT "Bethany Northeast Unit #3" Panola County, Texas This Letter Agreement is entered into between TBX Resources, Inc., Dallas, Texas, and Quad Resources, LLC, Bossier City, Louisiana, in conjunction with Quad Resources, LLC,...Letter Agreement • March 5th, 2003 • TBX Resources Inc • Oil & gas field exploration services
This Letter Agreement is entered into between TBX Resources, Inc., Dallas, Texas, and Quad Resources, LLC, Bossier City, Louisiana, in conjunction with Quad Resources, LLC, purchasing interests in oil and gas leases located in Panola County, Texas and known as the "Bethany Northeast Unit #3". Reference is made in this Letter Agreement to that certain sale and purchase and the subsequent discussions between the parties thereto.
