SARATOGA RESOURCES, INC. A TEXAS CORPORATIONLetter Agreement • November 4th, 2005 • Saratoga Resources Inc /Tx • Oil & gas field exploration services
Saratoga Resources, by virtue of a Letter Agreement, (“DBX Letter Agreement”) dated March 22, 1999 executed by and between DBX Geophysical Corporation, a Texas Corporation, 10134 Panther Ridge, Dallas, Texas 75243 (DBX), and Saratoga Resources, Inc., a Texas Corporation, 301 Congress Avenue, Suite 1550, Austin, Texas 78701, (“Saratoga”) has obtained the right to review and utilize certain prospect documentation and related information with regard to the above-referenced prospects prepared and furnished by DBX. The documentation relates to the geologic merit and developmental potential of the AMI as defined in the DBX Letter Agreement which is incorporated herein by reference.
SARATOGA RESOURCES INC, A TEXAS CORPORATION AUSTIN, TEXAS 78701 Phone (512) 478-5717 Fax (512) 478-5733 March 22, 1999Letter Agreement • November 4th, 2005 • Saratoga Resources Inc /Tx • Oil & gas field exploration services
Saratoga Resources, Inc., a Texas Corporation, 301 Congress Avenue, Suite 1550 Austin, Texas 78701, (“Saratoga”) has reviewed the documentation prepared and furnished by DBX Geophysical Corporation, 10134 Panther Ridge, Dallas, Texas 75243, (“DBX”) related to the geologic merit and developmental potential of the above referenced “Prospect” and the associated 29 square mile Area of Mutual Interest, (“AMI”) as more fully identified on the AMI Plat attached hereto as Exhibit “A”. Saratoga and DBX shall collectively be referred to as the (“Parties”) and individually as a (“Party”).
