MIDWEST ENERGY, INC. A wholly owned subsidiary of EnerJex Resources, Inc. August 10, 2007Well Development Agreement • August 17th, 2007 • EnerJex Resources, Inc. • Crude petroleum & natural gas
We originally entered into a letter agreement on or about July 12, 2007 describing the terms for proceeding with an exploration and development program on the leases owned by Midwest Energy, Inc., attached hereto as Exhibit “A” (the “Property”). This letter supersedes and replaces all terms of the July 12, 2007 letter agreement and Midwest has agreed to commence a development initiative upon the Property under the following terms as described in this Amended and Restated Letter Agreement.
