March 10, 2014 GulfSlope Energy, Inc. Houston, Texas 77042 Attn: John Seitz Re: Definitive Farmout Agreement of Offshore Oil & Gas Prospects Gentlemen:Definitive Farmout Agreement • March 20th, 2014 • Gulfslope Energy, Inc. • Wholesale-durable goods
GulfSlope Energy, Inc (“GSPE” or "Farmor") and Texas South Energy, Inc. ("Farmee") desire to enter into this binding letter agreement to form a Farm Out Agreement. The terms of this definitive Farm Out Agreement are as follows:
