EX-99.2 2 letteragt.htm EXHIBIT 99.2 - LETTER AGREEMENT letteragt.htm
 
 
 

TORCHLIGHT ENERGY
 

 
Letter Agreement
 

 
Date:           Mar. 30, 2015
 
To:           Greg McCabe
 
From:           John Brda, CEO Torchlight Energy
 
Re:           Option to Extend
 

 
Dear Greg:
 
Let this letter serve as our understanding on the extension you granted us for the Orogrande drilling program on the Rich A-1 well.  We have agreed to give you an option purchase 631,250 shares for a total purchase price of $225,000, in exchange for the ten day extension.
 
The option must be exercised no later than 30 days after receipt of the logs associated with the Rich A-1 well.
 
By signing below, you acknowledge that this is your understanding as well, and you agree to be bound by the terms herein.
 

 
/s/ GREG MCCABE                                                      
Greg McCabe


/s/ JOHN BRDA                                           
John Brda, CEO

Torchlight Energy

TORCHLIGHT ENERGY, INC., 5700 Plano Parkway, Suite 3600 Plano, Texas 75093 ê 214-432-8002  214-432-8005 efax

www.torchlightenergy.com