Providence Exploration, LLCProvidence Resources Inc • January 5th, 2007 • Crude petroleum & natural gas
Reference is made to that certain Letter of Intent – Cole/Carson Ranch Prospect dated February 21, 2006 (the “Letter of Intent”) between Harding Company, a Texas corporation (“Harding”), and Providence Exploration, LLC, a Texas limited liability company (“Providence”). According to the Letter of Intent, Harding and Providence agreed to a framework pursuant to which Harding would acquire certain rights from Providence relating to the Project (as defined in the Letter of Intent). Based on recent discussions, Harding and Providence wish to confirm that the agreements between such parties relating to the Project are, subject to the terms of this letter, binding on the parties thereto and that no further agreement outlining or implementing their agreements regarding the Project is necessary.
