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EXAMPLE BANK LETTER

BANK LETTERHEAD Date: ________________________________

The Oil & Gas Asset Clearinghouse, Inc. P.O. Box 671787 Houston, Texas 77267-1787 RE: The Oil & Gas Asset Clearinghouse, Inc. Auction dated: _________________________ Gentlemen: This letter serves as an irrevocable guarantee for payment by check or wire transfer presented in an aggregate total amount not to exceed $_____________for purchases made at the above referenced sale on behalf of our customer, ___________________________. This irrevocable letter of guarantee, for the sole purpose described above, shall expire ten (10) days after the date of said auction. If additional information is required, please feel free to contact the undersigned. Very truly yours, BANK NAME Bank Officer Name Bank Officer Title

A BANK LETTER IS NOT REQUIRED WHEN PAYING BY CASHIERS CHECK

PLEASE NOTE BANK LETTERS ARE REQUIRED FOR PAYMENT BY CHECK OR WIRE TRANSFER

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