CONSULTING AGREEMENT 


 


THIS CONSULTING AGREEMENT is made and entered
into this 15th day of December, 2012 by and between EOS Petro Inc. (hereinafter referred to as “EOS”),
and Brian Hannan and Jeff Ahlholm, both individuals and co-owners of AGRA Capital Advisors with Glacier Holdings, LLC as a
wholly owned subsidiary (hereinafter referred to as “AGRA Partners"), and hereinafter collectively referred to as the
"Parties". The Parties completed a previously executed consulting agreement with a term ending this day of December 15,
2012. The Parties hereby agree and acknowledge that, commencing December 15, 2012, the previously executed consulting agreement
has terminated and shall have no further force and effect, and the Parties’ relationship shall hereinafter be governed only
by the terms of this CONSULTING AGREEMENT.


 


WITNESSETH:


 


WHEREAS, EOS is a
new private company that is engaged in the business of oil exploration and drilling and associated business activities; and


 


WHEREAS, Jeff Ahlholm
and Brian Hannan are equal partners in AGRA Partners and are currently Corporate Finance and M&A advisors to EOS; and


 


WHEREAS, AGRA Partners
has special abilities and experience in the areas of general business management, business development, corporate strategy and
asset funding for operating companies and emerging growth enterprises, and in particular companies active in the energy field;
and


 


WHEREAS, in addition
to AGRA Partners’ role as an M&A advisor, AGRA Partners has agreed to provide ongoing consulting services to EOS in order
to assist EOS with general business expansion strategies, board organization and management, business management and asset/project
finance funding for oil/gas land rights, exploration, existing operating oil/gas wells, etc.; and


 


WHEREAS, it is the
desire of the Parties to define and set out their relationship in writing and the circumstances under which AGRA Partners shall
provide such consulting services.


 


NOW, THEREFORE, in consideration of the
mutual covenants hereinafter contained, the Parties agree as follows:


 


1. CONSULTING
SERVICES. EOS hereby agrees to retain AGRA Partners to provide consulting support and advisory services to include business expansion
strategies, business management, project financing and optimization support through the contractual structure outlined by this
Agreement. AGRA Partners shall devote such of its time and effort as may be necessary to discharge its duties under this
Agreement. While AGRA Partners shall not be restricted from engaging in other business activities during the Term of this Agreement,
AGRA Partners shall not provide services to any entity that directly competes with EOS. Services shall include but not be limited
to the following:


 


		·	Acquisitions:



 


		o	Acquisition Assessment and Board Review - AGRA Partners will assist EOS with its assessment of
all new company acquisitions targeted by EOS. AGRA Partners will lead in the detailed evaluation consistent with classic Harvard
Business Review outline form and prepare an appropriate report for the EOS Board with the company’s recommendation in accordance
with corporate standards.



 


		o	Acquisition Negotiations – AGRA Partners will assist and/or lead the negotiation process
of such acquisitions at the direction of EOS. Assistance shall include travel and face-to-face meetings with such targeted acquisitions.



 


		o	Asset Acquisitions - AGRA Partners will assist EOS with its assessment of any targeted oil field,
works, and associated asset acquisitions contemplated by EOS. Work to include an assessment of new market territories and acquisition
targets. Assistance shall include travel and face-to-face meetings with such targeted acquisitions.



 




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		·	Financing:



 


		o	Assist, support and/or lead EOS efforts to secure energy project financing to move forward with
the development of EOS oil exploration.



 


		o	AGRA Partners will help identify, target and lead discussions with targeted project finance partners.
Work to include travel and face-to-face meetings with such targeted financial partners.



 


		·	Other specific assignments determined by EOS.



 


2. PURPOSE. The purpose of this arrangement
is to carry on any and all such other activities as may be necessary to provide the Consulting Services outlined above and to support
the growth and operation of the business of EOS.


 


3. OFFICE, SUPPLIES AND EXPENSES. While
it is not anticipated that AGRA Partners representatives will need to work extensively from EOS offices, AGRA Partners is prepared
to provide any on-site work as required and EOS shall provide any necessary office space to allow AGRA Partners to conduct any
on-site work that may be required to perform the Consulting Services outlined herein. AGRA Partners shall be reimbursed by EOS
for all reasonable and industry standard expenses and supplies required carrying out the duties contemplated by this Agreement.
AGRA Partners shall obtain EOS’s written approval for any travel incurred on behalf of EOS and for any single expense over
$500. Such approval may be provided via email transmission and reimbursement shall be made by EOS within 30 days of formal submittal
by AGRA Partners regardless of how compensation is structured at such time.


 


4. TERM. The Agreement shall commence on
December 15, 2012 and shall continue for a period of 12 months. Thereafter, this Agreement shall continue indefinitely or until
terminated by either of the Parties upon 30 days written notice thereof to the other Party. Such notice to be provided by email
communication.


 


5. MINIMUM MANPOWER COMMITMENT AND COMPENSATION.
AGRA Partners will provide the work necessary to meet the requirements of the Consulting Services as outlined above. AGRA Partners
will also commit to one in-person meeting per month – preferably in a manner that shall integrate with other AGRA Partners
travel activity to maximize efficiency and to minimize travel expense to EOS. In addition, AGRA Partners recommends holding a standing
conference call on two afternoons each week to review general strategy. At other times, AGRA Partners will provide regular email
updates along with a more formal Monthly Report.


 


AGRA Partners will also provide availability
for approximately 1 to 2 strategy or project finance meetings/trips per month on behalf of EOS (albeit, AGRA Partners will always
try to combine travel with other business initiatives to reduce cost to EOS).


 


Compensation:


 


		·	Monthly retainer - As compensation for the services contemplated herein, AGRA Partners will be
paid an average monthly fee of $30,000 per month, accruing but payable in a TBD manner based upon the availability of cash flow.
This average monthly advisory fee shall be capped at $360,000, at which point AGRA Partners shall continue performing its services
to EOS on terms to be mutually agreed upon in writing by the Parties. This monthly retainer may be payable as either cash or in
the form of Cellteck, Inc’s stock (EOS is a wholly-owned subsidiary of Cellteck, Inc.). Payments in the form of stock pursuant
to this provision must be agreed to in writing by the Parties hereto and Cellteck, Inc.



 


		·	Corporate Finance Advisory Fees. Success based fees are subject to approval by EOS in any specific
instance and shall not be less than two percent (2.0%) of the transaction value, including but not limited to the assumption of
existing debt or seller carrybacks, without the prior written acceptance of such terms by AGRA Partners. AGRA Partners shall be
paid either directly from escrow when possible or within three (3) business days of closing directly by EOS. EOS agrees to support
the following schedule of M&A Advisory Fees to AGRA Partners on transactions either jointly originated or originated by EOS
Affiliates:



 


2.5% for Transactions under $25 million


2.0% for Transactions under $50 million


1.5% for Transactions under $100 million


1.0% for Transactions over $100 million


 




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NOTE: The advisory percentages/rates listed above shall be doubled
for any and all Transactions originated by AGRA Partners for EOS, and these “AGRA Partners Sources and M&A Targets”
shall survive any Termination of this Agreement with respect to commissions due and payable to AGRA Partners at the closing of
any such Transaction.


 


		·	Stock compensation – in exchange for AGRA Partners’ efforts and support of EOS, AGRA
Partners may elect to purchase 500,000 additional shares of Cellteck Inc.’s common stock for $50,000 US dollars. Such grant
of stock to AGRA Partners will be subject to a LU/LO agreement, and shall have equal registration status and trading rights as
the stock held by Nikolas Konstant and his affiliates. AGRA Partners’ ability to elect to purchase these 500,000 shares shall
expire upon the termination of this Consulting Agreement.



 


6. REPRESENTATIONS AND WARRANTIES. The
Parties hereby represent and warrant to each other that they have full power and authority to execute, deliver and perform the
terms and provisions of this Agreement. This Agreement constitutes the legal, valid and binding obligation of the Parties enforceable
in accordance with its terms, except to the extent that the enforceability hereof may be limited by bankruptcy or similar laws
relating to or limiting creditors' rights generally or by equitable principles (regardless of whether enforcement is sought in
equity or at law). EOS represents and warrants that Cellteck, Inc. has acknowledged and agreed to its obligations under this Consulting
Agreement, and further that Cellteck, Inc. has the full power and authority to execute, deliver and perform its obligations under
this Consulting Agreement.


 


7, INDEMNIFICATION. Each Party hereby agrees
to indemnify and hold harmless the other Party and its directors, officers, employees and/or affiliates against any and all losses,
claims, damages obligations, penalties, judgments, awards, liabilities, costs, expenses and disbursements (and all actions, suits,
proceedings and investigations in respect thereof and any and all reasonable legal or other costs, expenses and disbursements in
giving testimony or furnishing documents in response to a subpoena or otherwise), including, without limitation, the reasonable
costs, expenses, and disbursements, as and when incurred, of investigating, preparing, or defending any such action, proceeding
or investigation (whether or not in connection with litigation to which the Consultant is a party) (collectively, the "Liabilities")
arising out of or in connection with the activities contemplated by this Agreement, so long as such Liabilities arise from the
negligent and/or willful misconduct of the violating Party, or the violation in any material respect of applicable federal or state
securities laws by the violating Party with respect to any untrue statement or alleged untrue statement of a material fact or any
omission or alleged omission to state a material fact required to be stated, or necessary to make the statements made, in light
of the circumstances under which they were made, not misleading; provided, however, that this provision shall not
apply to any Liabilities to the extent found by a court of competent jurisdiction to have resulted from the willful misconduct
or violation in any material respect of applicable federal or state securities laws by the other Party. to the extent set forth
in Section 8(b) hereof. Each party entitled to indemnification under this Agreement (the "Indemnified Party"), shall
give notice to the party required to provide indemnification hereunder (the "Indemnifying Party") with reasonable promptness
after such Indemnified Party has actual knowledge of any claim as to which indemnity may be sought. Notwithstanding the foregoing,
the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations
under this Section 8. Upon receipt of such notice, the Indemnifying Party shall conduct the defense of such claim or any litigation
resulting there from. The Indemnified Party may, however, participate in such defense at such Indemnified Party's sole expense.
The Indemnified Party shall furnish such information regarding the claim in question as the Indemnifying Party may reasonably request
in writing in connection with the defense of any such claim and litigation resulting there from.


 


8. INDEPENDENT CONTRACTORS. Nothing herein
contained shall be construed to constitute the parties hereto as partners or as joint venturers, or either as agent of the other,
or as employer or employee. Except as otherwise expressly provided herein, AGRA Partners and its representatives acknowledge that
they are not an officer, director or agent of Knight in any way and as such may not commit Knight to any action.


 




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9. MISCELLANEOUS PROVISIONS.


 


(a)          Governing
Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of California, without giving
effect to the principles of conflicts of laws thereof.


 


(b)          Attorney
Review. The Parties acknowledges that this Agreement will have important legal consequences and imposes significant requirement
on each Party. Accordingly, the Parties acknowledge that they have considered retaining or have retained legal counsel to review
this Agreement and that each Party has been provided with adequate time to obtain such review.


 


(c)          Arbitration.
The Parties agree that in the event of any and all disagreements and controversies arising from this Agreement such disagreements
and controversies shall be subject to binding arbitration as arbitrated in accordance with the then current Commercial Arbitration
Rules of the American Arbitration Association to be held in Los Angeles, California before one neutral arbitrator. Either Party
may apply to the arbitrator seeking injunctive relief until the arbitration award is rendered or the controversy is otherwise resolved.
Without waiving any remedy under this Agreement, either Party may also seek from any court having jurisdiction any interim or provisional
relief that is necessary to protect the rights or property of that Party, pending the establishment of the arbitral tribunal (or
pending the arbitral tribunal’s determination of the merits of the controversy). In the event of any such disagreement or
controversy, neither Party shall directly or indirectly reveal, report, publish or disclose any information relating to such disagreement
or controversy to any person, firm or corporation not expressly authorized by the other Party to receive such information or use
such information or assist any other person in doing so, except to comply with actual legal obligations of such Party or unless
such disclosure is directly related to an arbitration proceeding as provided herein, including, but not limited to, the prosecution
or defense of any claim in such arbitration. The costs and expenses of the arbitration (including attorneys’ fees) shall
be paid by the non-prevailing Party or as determined by the arbitrator. The Parties are hereby waiving any claims against each
other party for any activities or prior business transactions between the parties to date. This paragraph shall survive the termination
of this Agreement.


 


(d)          Entire
Agreement. This Agreement contains the entire agreement and understanding between the parties and merges and supersedes any
prior understandings or agreements, whether written or oral. The provisions of this Agreement shall be amended or waived only with
the written consent of both parties hereto. No other course of dealing between the Parties or any delay in exercising any rights
hereunder will operate as a waiver of any rights of either Party under this Agreement.


 


(e)          Successors
and Assigns. This Agreement shall be binding upon, inure to the benefit of, and shall be enforceable by Consultant and the
Company and their respective successors and permitted assigns. Except however, that this Agreement will automatically terminate
without further liability on the part of either party due to the death or incapacitation of AGRA Partners’ principals.


 


(f)          Nonwaiver
of Rights. The failure of either Party to (i) enforce any of the provisions of this Agreement or any rights with respect thereto
or (ii) exercise any election provided for herein shall in no way be a waiver of such provisions, rights or elections or in any
way affect the validity of this Agreement. The failure of either Party to exercise any of said provisions, rights or elections
shall not preclude or prejudice such Party from later enforcing or exercising the same or any other provision of this Agreement
or any rights or elections which it has hereunder.


 


(g)          Notices.
All notices and other communications under this Agreement shall be in writing and shall be deemed effective and given upon actual
delivery, if delivered by hand, or via email transmission with a confirmation provided by the other party. Notices may also be
sent via one (1) business day after the date sent by nationally recognized overnight courier service, telex or facsimile transmission,
or five (5) business days after the date sent by registered or certified mail, return receipt requested, postage prepaid, addressed
in each case, to the following addresses:


 




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		i.	if to EOS PERTO inc.:



 


Nikolas Konstant


1999 Avenue of the Stars, Suite 2520


Los Angeles, CA. 90067


Nkonstant@eos-petro.com


 


		ii.	if to AGRA Holdings, LLC:



 


Benjamin Beaird


28930 Dargan Street


Agoura Hills, CA 91301


 


(h)          Assignability.
This Agreement may be assigned to any wholly owned affiliate of either Party to this Agreement. Neither this Agreement nor any
right, remedy, obligation or liability arising hereunder or by reason hereof shall be assignable by either Party to any third party
without the prior written consent of the other party hereto.


 


(i)          Severability.
If any provision of this Agreement or the application of any such provision to any person or circumstance shall be held invalid,
illegal or unenforceable in any respect by a court of competent jurisdiction, such invalidity, illegality or unenforceability shall
not affect any other provision hereof.


 


(j)          Limitation
of Liability. In no event shall either Party be liable to the other Party for any indirect, special, punitive or consequential
damages, nor for any claim against the other Party made by any person or entity arising from or in any way related to this Agreement
or from the services provided by hereunder, except for the liability and indemnification obligations set forth under Section 7
hereof.


 


(k)          Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed to be
an original and all of which together shall be deemed to be one and the same agreement.


 


IN WITNESS WHEREOF, the parties
hereto have executed this Agreement as of the date first written above.


 


	 	EOS Petro Inc.
	 	 	 
	 	By:	/s/ Nikolas Konstant 
	 	 	 
	 	Its: President
	 	 	 
	 	AGRA CAPITAL ADVISORS , LLC 
	 	 	 
	 	By:	/s/ Jeff Ahlholm
	 	Name:    Jeffrey K. Ahlholm
	 	Its:          Partner


 




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