EXHIBIT 10.8
LETTER AGREEMENT
TEREX ENERGY CORPORATION
▇▇▇ ▇▇▇▇ ▇▇. #▇▇▇▇
▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Tel: (▇▇▇) ▇▇▇-▇▇▇▇
LETTER AGREEMENT
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July 2, 2014
The Parties to this agreement are:
1) ▇▇ ▇▇▇▇▇▇▇▇ Turst (▇▇▇▇▇▇▇▇) - Oil Producer ▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇
▇▇▇▇▇-▇▇▇▇, and
2) Terex Energy Corporation (Terex) - ▇▇▇ ▇▇▇▇ ▇▇., #▇▇▇, ▇▇▇▇▇▇▇▇▇▇, ▇▇
▇▇▇▇▇
The parties hereto agree to the following:
1) ▇▇▇▇▇▇▇▇ will take oil and gas leases covering Sec. 15 (A11) -
T12N-R56W ▇▇▇▇▇▇▇, County Nebraska.
2) ▇▇▇▇▇▇▇▇ agrees to assign Terex 100% of all rights specific to the
▇▇▇▇▇▇ 1-155 well, in the ▇▇▇▇ ▇▇▇ ▇▇, ▇▇▇▇-▇▇▇▇ (40 acres), with a
1/8th royalty lease (No additional burdens attached).
3) ▇▇▇▇▇▇▇▇ will be allowed to drill any 40 acre location in section 15
other than the SWNW 40; each well drilled will hold the 40 acre
drillsite spacing unit associated with that well.
4) When ▇▇▇▇▇▇▇▇ is finished with its' drilling program being intial test
and development offsets immediately adjacent to the initial test well
40 acres, Terex will be allowed to drill any remaining undrilled 40
acre locations in section 15.
5) ▇▇▇▇▇▇▇▇ and Terex will mutually share all geologic information
obtained during operations by either party.
6) Both parties agree that each has the opportunity to participate in each
others projects in an amount determined by mutual consent.
/s/ ▇▇▇▇▇ ▇▇▇▇ /s/ ▇.▇. ▇▇▇▇▇▇▇▇ Trust
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Terex Energy Corporation ▇.▇. ▇▇▇▇▇▇▇▇ Trust
▇▇▇▇▇ ▇▇▇▇ - VP Operations ▇.▇. ▇▇▇▇▇▇▇▇