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LETTER AGREEMENT <br />WHEREAS, Petrox Resources, Inc. is the Owner-Operator of the Mildred Wright <br />#1 R natural gas well located on the Tierra Piedra Ranch in the SE/4 NE/4 of Section 16- <br />33N-5W, Archuleta County, Colorado, and <br />WHEREAS, Tierra Piedra Ranch LLC has submitted an application for a permit <br />to conduct gravel production operations on its property in the vicinity of the referenced <br />natural gas well, and <br />WHEREAS, Tierra Piedra Ranch LLC intends to construct a road on its property <br />to access its proposed gravel production operation which road will be within 200 feet of <br />the referenced natural gas well, and <br />WHEREAS, neither Petrox Resources, Inc. nor Tierra Piedra Ranch LLC believe <br />that the access road for the proposed gravel operations will adversely affect the stability <br />of the referenced natural gas well and / or the facilities appurtenant thereto, <br />NOW, THEREFORE, in the unlikely event any such facilities ("structures") are <br />adversely affected by the proposed gravel production operation, Tierra Piedra Ranch <br />LLC, as "applicant" of the referenced gravel operations permit shall compensate Petrox <br />Resources, Inc. for any damage to the adversely affected "structures" resulting from <br />such operations. <br />EXECUTED on the dates set forth below but effective this 16th day of December, <br />2009. <br />'ETROX RESOURCES, INC. <br />f? <br />12 <br />f <br />Michael . Clark resident <br />STATE OF OKLAHOMA <br />COUNTY OF OKLAHOMA <br />ACKNOWLEDGMENTS <br />ss. <br />Before me, the undersigned, a notary public in and for said State, on this 16th day of December, <br />2009, personally appeared S.D. Bryant, to me known to be the identical person who subscribed his name <br />to the foregoing instrument and acknowledged to me he executed the same as his free and voluntary act <br />and deed for the uses and purposes therein set forth. <br />In witness whereof, I have hereunto set my hard -pnd official seal, said nty, the y and <br />year !ast above written. F Z _ <br />My Commission Expires: 10-15-2011 <br />STATE OF COLORADO <br />COUNTY OF ; ph/ "k <br />Mary K. $uck, Ngf?*y Public <br />Before me, the undersigned, a Notary Public in and for said state, on this o2? day of December, <br />2009, personally appeared Michael J. Clark to me known to be the identical person who subscribed his <br />name to the foregoing instrument and acknowledged to me that he did so as his free and voluntary act for <br />the uses and purposes therein set forth. <br />In witness whereof, I have hereunto set my hand and official seal, at said county, the day and <br />year last written above. <br />?,«?• &° <br />&Y"', <br />Notary Public <br />h bolo <br />M;y c i'MA1o expires: l? hbolo <br />{ <br />