BIDFISH.COM, INC.Letter Agreement • February 9th, 2012 • Bidfish.com, Inc. • Services-business services, nec
This will serve to memorialize our oral agreement with respect to the captioned Oil and Gas Leases. It is agreed that Kevin B. Halter, Jr. ("Halter"), through a limited partnership to be formed, Halter Oil & Gas, L.P. ("Halter, L.P."), will develop said Leases by drilling wells on specified, platted, drill sites on said Leases within the next two years. These wells are to be drilled at locations set forth on platted sites to be specified by Halter, L.P. The wells will be drilled to a target depth of approximately 6,000 feet. If tested as capable of commercial production, the wells will be completed and put into production.
