The letters available are P, O, T, E, H. The grid shows that the first word is 3 letters long, with 'P' as the first letter and 'T' as the third. The second word is 4 letters long, starting with 'P' and sharing the second letter with the first word.
Considering the 3-letter word is POT (given by the vertical letters on the left), and the second word shares 'O' and starts with 'P', the word is POET.
Answer: POT, POET