[XXXXXX ENERGY, INC. LOGO]
June 13, 2006
Bayshore Exploration LLC
00000 Xxxx Xxxxxxx, Xxxxx 000
Xxxx, Xxxxx 00000 via facsimile 281.647.9448
RE: Lease Acquisition Agreement Dated March 16, 2006
Dear Xxxxx,
Pursuant to the Lease acquisition agreement dated March 16, 2006 where by Xxxxxx
Energy Inc. entered into an agreement with Bayshore exploration to jointly lease
five tracts of lands, consisting of five sections of land totalling more or less
3,200 acres. It is understood by both parties that not all tracts are under
lease at this time. Xxxxxx Energy Inc. elects under paragraph 5, of the fore
mentioned agreement to increase it leasehold working interest in the subject
acreage to seventy - five percent on the same cost, terms and conditions as
provided in that agreement dated March 16, 2006.
Although both parties acknowledge that leasing effort is ongoing, a complete
accounting of the leasing will be done as soon as it is practical. Bayshore
acknowledges this election and further acknowledges that it has received
$305,000.00 USD to be used in the aforementioned leasing effort.
Best regards,
/s/ Xxxxxx Xxxxxxxx Xxxxxx to and Accepted this 16th
day of June, 2006
Xxxxxx Xxxxxxxx
Chairman and CEO
Bayshore Exploration LLC
By: /s/ Xxxxx Xxxxxxxx
Xxxxx Xxxxxxxx
[ ]Corporate Office [ ]Executive Office [ ]Operations Office
0000 X. Xxxxxx Xxxxxx, Xxxxx 0000 0000 Xxxxxxx Xxxx, Xxxxx 306-428 355 Xxxxxxx Xxxxx, Xxxxx 0000
Xxxxxx Xxxx, Xxxxxx 00000 Xxxxxxx Xxx, XX. 95746 Vancouver, B.C. V6C 2G8
Tel: 000.000.0000 Tel: 000.000.0000 Tel: 000.000.0000
Fax: 000.000.0000 Fax: 000.000.0000 Fax: 000.000.0000
