Document:

CONSULTING
AGREEMENT

 

This
CONSULTING AGREEMENT (“Agreement”) is effective as of January 1, 2014 (the “Effective Date”)
between Cardinal Energy Group, Inc., a Nevada corporation (the “Company”) and John R. Jordan (“Consultant”).

 

RECITALS

 

	 	A.	The
    Company desires to retain the Consultant to provide certain financial consulting services as an “outside” Chief
    Financial Officer, and
	 	 	 
	 	B.	The
    Consultant desires to provide certain financial consulting services to the Company in accordance with the terms and conditions
    contained hereinafter.

 

NOW,
THEREFORE, in consideration of the mutual promises herein contained, the parties hereby agree as follows:

 

1.
Services. Company hereby engages Consultant on a non-exclusive basis, and Consultant hereby accepts the engagement to become
financial consultant/outside CFO to the Company and to render such advice, consultation, information, and services to the
Company regarding general financial and business matters, together with such other duties as may be reasonably required from
time to time by the Chief Executive Officer of the Company, including, but not limited to: (a) strategic alliances, mergers
and acquisitions; (b) corporate planning, strategy and negotiations with potential strategic business partners and/or other
general business consulting needs as expressed by Company; (c) business development and business advertising; (d) structuring
and providing alternative sources for accounts receivable, purchase order and other asset financing; (e) due diligence
processes and capital structures; (f) periodic management reporting for results of operations and oversight of the financial
reporting process of the company and internal control related thereto; (g) periodic reporting as to developments concerning
the general financial markets and public securities markets and industry which may be relevant or of interest or concern to
the Company or the Company’s business.

 

2.
Other Activities. Consultant may render services of a business, professional or commercial nature to any other person or firm,
whether for compensation or otherwise so long as such activities do not conflict, or interfere, with his obligations set forth
in this Agreement.

 

3.
Term and Termination. The term (“Term”) of this Agreement shall commence on the Effective Date hereof and continue
for twelve (12) months, unless earlier terminated hereunder. The Agreement may be extended upon agreement by both parties, unless
or until the Agreement is terminated. Either party may cancel this Agreement upon ten (10) days written notice in the event either
party violates any material provision of this Agreement and fails to cure such violation within ten (10) days of written notification
of such violation from the other party. Such cancellation shall not excuse the breach or non-performance by the other party or
relieve the breaching party of its obligation incurred prior to the date of cancellation.

 

4.
Compensation and Fees. As compensation for the services described herein, the Company agrees to:

 

(a)
pay Consultant a monthly retainer fee (the “Retainer Fee”) of $3,000 for each full calendar month of services rendered
during the Term of this Agreement, payable in advance. The retainer fee paid pursuant to this section 4(a) shall be received quarterly
and adjusted by mutual consent of the parties.

 

    	 

    	 

    

 

(b)
reimburse Consultant for any and all expenses incurred by Consultant, subject to the Company’s prior written approval, in
the performance of his duties hereunder and, Consult ant shall account for such expenses to the Company. Such reimbursement shall
cumulate and be paid on a monthly basis. Consultant shall invoice the Company on or about the first business day of each subsequent
month for such reimbursable expenses incurred hereunder,

 

(c)
provide Consultant with the use of a computer laptop, docking station, monitor, and all in one color printer/scanner/fax; all
of which shall be the property of the Company and returned to the Company upon termination of this Agreement,

 

(d)
issue to the Consultant, as of the Effective Date hereof, 50,000 restricted shares of the Company’s common stock, and

 

(e)
issue to Consultant, at the end of each full calendar quarter, 50,000 restricted shares of the Company’s common stock during
the Term hereof, with the first issuance due on March 31, 2014 and each subsequent issuance due on the last day of each successive
full calendar quarter thereafter during the Term. Notwithstanding the above, the Company shall not issue to Consultant, pursuant
to this section 4(e), more than 200,000 restricted shares of the Company’s common stock.

 

5.
Independent Contractor. In his performance hereunder. Consultant shall be an independent contractor. Consultant shall complete
the services required hereunder according to his own means and methods of work, shall be in the exclusive charge and control of
his actions and which shall not be subject to the control or supervision of the Company, except as to the results of the work.
Payments to Consultant hereunder shall not be subject to withholding taxes or other employment taxes as required with respect
to compensation paid to an employee.

 

6.
Liability and Indemnification. Consultant agrees to indemnify and hold harmless the Company, its employees, agents, representatives
and controlling persons (and the officers, directors, employees, agents, representatives and controlling persons of each of them)
from and against any and all losses, claims, damages, liabilities, costs and expenses (and all actions, suits, proceedings or
claims in respect thereof) and any legal or other expenses in giving testimony or furnishing documents in response to a subpoena
or otherwise (including, without limitation, the cost of investigating, preparing or defending any such action, suit, proceeding
or claim, whether or not in connection with any action, suit, proceeding or claim in which the Company is a party), as and when
incurred, directly or indirectly, caused by, relating to, based upon or arising out of Consultant’s gross negligence, willful
misconduct or breach of this Agreement. Consultant’s obligation to indemnify the Company shall be conditioned on the following:
(a) the Company shall notify the Consultant in writing as soon as practicable after its receipt of a claim and (b) Consultant
shall have control of the defense and all related settlement negotiations, provided, however, that any settlement be made with
the consent of the Company and such settlement include as an unconditional term thereof the giving by the claimant of an unconditional
release from all liability in favor of the Company.

 

7.
Confidentiality.

 

(a)
Consultant acknowledges that, during the course of performing the consulting services herein, the Company may be disclosing certain
nonpublic information and materials concerning its business to Consultant, including but not limited to information regarding
its projects, products, technology and know-how, industry and competitor analyses, services, potential customers, personnel,
business plans, finances and other commercially valuable information (collectively “Confidential Information”). All
nonpublic information disclosed to Consultant in connection with the consulting services will be presumed to be Confidential Information
and shall be treated as such.

 

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(b)
During the Term and for a period of two years thereafter, Consultant shall: (i) hold Company’s Confidential Information
in strict trust and confidence and avoid the disclosure or release thereof to any other person or entity by using at least the
same degree of care as it uses to avoid unauthorized use, disclosure, or dissemination of its own Confidential Information of
a similar nature, but not less than reasonable care, (ii) not use the Confidential Information for any purpose whatsoever except
as expressly contemplated under this Agreement, and (iii) not, directly or indirectly, copy, reproduce, use, publish, misappropriate,
assign, or otherwise transfer or disclose to any person the Confidential Information, other than as permitted pursuant to the
terms of this Agreement, regardless of whether such information was actually delivered to Consultant prior to the effective date
of this Agreement.

 

(c)
Notwithstanding the foregoing, Consultant shall not be required to maintain confidentiality with respect to information: (i) which
is or becomes part of the public domain not due to the breach of this agreement by Consultant; (ii) which it had independent knowledge
prior to disclosure by the Company; (iii) which comes into the possession of Consultant in the normal and routine course of its
own business from and through independent non-confidential sources; or (iv) which is required to be disclosed by Consultant by
governmental requirements. If Consultant is requested or required (by oral questions, interrogatories, requests for information
or document subpoenas, civil investigative demands, or similar process) to disclose any confidential information supplied to it
by the Company, or the existence of other negotiations in the course of its dealings with the Company or its representatives,
Consultant shall, unless prohibited by law, promptly notify the Company of such request(s) so that the Company may seek an appropriate
protective order.

 

(d)
No license is granted hereunder by Company to its Confidential Information or to any intellectual property right therein delivered
or made available to Consultant except for the limited purposes set forth in accordance with this Agreement. Company retains all
right, title and interest in and to its Confidential Information. Failure on the part of the Consultant to abide by this section
shall cause Company irreparable harm for which damages, although available, will not be an adequate remedy at law. Accordingly,
Company has the right to obtain injunctive relief to prevent any threatened or actual violations of this section in addition to
whatever remedies it may have at law. Consultant expressly waives the defense that a remedy in damages will be adequate and any
requirement in an action for specific performance or injunction for the posting of a bond by the Company.

 

8.
Noncompete and Nonsolicitation.

 

(a)
Consultant acknowledges the Company’s reliance on and expectation of Consultant’s continued performance of his duties
and responsibilities during the term of this Agreement. In light of such reliance and expectation, during the term hereof and
for two (2) years after termination of this Agreement, Consultant shall not, directly or indirectly, do or suffer any of the following:

 

(i)
Own, manage, control or participate in the ownership, management, or control of, or be employed or engaged by or otherwise affiliated
or associated as a consultant, independent contractor or otherwise with, any corporation, partnership, proprietorship, firm, association
or other business entity, or otherwise engage in any business, which is in competition with the business of the Company as and
where conducted by it at the time of such termination; provided, however, that the ownership of not more than five percent (5%)
of any class of publicly traded securities of any entity shall not be deemed a violation of this covenant;

 

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(ii)
Solicit the employment of, assist in the soliciting the employment of, or otherwise solicit the association in business with any
person or entity of, any employee, consultant or agent of the Company; or

 

(iii)
Induce any person who is a customer of the Company to terminate said relationship.

 

9.
No Conflicting Agreements. Consultant represents and warrants that he is not a party to any agreement, contract or understanding,
whether a consulting agreement or otherwise, that would restrict or prohibit him from undertaking or performing employment in
accordance with the terms and conditions of this Agreement.

 

10.
Severable Provisions. The provisions of this Agreement are severable and if any one or more of its provisions is determined to
be illegal or otherwise unenforceable, in whole or in part, the remaining provisions and any partially enforceable provision to
the extent enforceable in any jurisdiction nevertheless shall be binding and enforceable.

 

11.
Binding Agreement. The rights and obligations of the Company under this Agreement shall inure to the benefit of, and shall be
binding on, the Company and its successors and assigns, and the rights and obligations (other than obligations to perform services)
of Consultant under this Agreement shall inure to the benefit of, and shall be binding upon, Consultant and his heirs, personal
and legal representatives, executors, successors and administrators.

 

12.
Notices. All notices and other communications pursuant to this Agreement shall be in writing and shall be deemed to be sufficient
if contained in a written instrument and shall be deemed given if delivered personally, telecopied, sent by nationally-recognized,
overnight courier or mailed by registered or certified mail (return receipt requested), postage prepaid, to the parties at their
respective addresses (or at such other address for a party as shall be specified by like notice). All such notices and other communications
shall be deemed to have been received (i) in the case of personal delivery, on the date of such delivery, (ii) in the case of
a telecopy, when the party receiving such telecopy shall have confirmed receipt of the communication, (iii) in the case of delivery
by nationally-recognized, overnight courier, on the Business Day following dispatch, and (iv) in the case of mailing, upon delivery
of executed receipt of such mailing. For purposes of this Agreement, “Business Day” shall mean any day, other than
a Saturday, Sunday or national legal holiday.

 

13.
Waiver of Jury Trial. Each party waives, to the fullest extent permitted by law, any right he or it may have to a trial by jury
in respect of any suit, action or proceeding arising out of this Agreement or any transaction contemplated by this Agreement.
Each party certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that
such other party would not, in the event of litigation, seek to enforce this waiver.

 

14.
Waiver. The failure of either party to enforce any provision of this Agreement shall not in any way be construed as a waiver of
any such provision as to any future violation thereof, or prevent that party thereafter from enforcing each and every other provision
of this Agreement. The rights granted the parties herein are cumulative and the waiver of any single remedy shall not constitute
a waiver of such party’s right to assert all other legal remedies available to it under the circumstances.

 

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15.
Miscellaneous. This Agreement supersedes all prior agreements and understandings between the parties. This Agreement may not be
modified or terminated orally. All obligations and liabilities of each party hereto in favor of the other party hereto relating
to matters arising prior to the date hereof have been fully satisfied, paid and discharged. No modification, termination or attempted
waiver shall be valid unless in writing and signed by the party against whom the same is sought to be enforced.

 

16.
Governing Law. This Agreement shall be governed by and construed according to the laws of the State of Nevada.

 

17.
Captions and Paragraph Headings. Captions and paragraph headings used herein are for convenience and are not a part of this Agreement
and shall not be used in construing it.

 

18.
Enforcement Costs. If any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an
alleged dispute, breach, default or misrepresentation in connection with any provision of this Agreement, the successful or prevailing
party or parties shall be entitled to recover reasonable attorneys’ fees, court costs and all expenses even if not taxable
as court costs (including, without limitation, all such fees, costs and expenses incident to arbitration, appellate, bankruptcy
and post-judgment proceedings), incurred in that action or proceeding, in addition to any other relief to which such party or
parties may be entitled.

 

IN
WITNESS WHEREOF, the parties have executed this Agreement on the day and year first set forth above

 

Cardinal
Energy Group, Inc

 

	By:	/s/
    Timothy W. Crawford	 
	Name:	Timothy
    W. Crawford	 
	Title:	Chief
    Executive Officer	 
	Date:	January
    7, 2014	 

 

	/s/
    John R. Jordan	 
	John
    R. Jordan	 

	Date:	January
    7, 2014	 

 

    	5EMPLOYMENT AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT is entered into as of January 1, 2014 between Cardinal Energy Group, Inc., a Nevada corporation (the “Company”)
and Dave Rippy (“Executive”).

 

RECITAL

 

The Company and Executive
desire to enter into this Agreement to ensure the Company of the services of Executive, to provide for compensation and other benefits
to be paid and provided by the Company to Executive in connection therewith, and to set forth the rights and duties of the parties
in connection therewith.

 

NOW, THEREFORE, in
consideration of the mutual promises herein contained, the parties hereby agree as follows:

 

1. Title; Directorship

 

(a) Title. The Company
hereby employs Executive as Chief Operating Officer, and Executive hereby accepts such employment, on the terms and conditions
set forth herein. During the term of this Agreement, Executive shall be and have the title, duties and authority of Chief Operating
Officer of the Company and shall devote his entire business time and all reasonable efforts to his employment and shall perform
diligently such duties as are customarily performed by the Chief Operating Officer of companies the size and structure of the Company,
together with such other duties as may be reasonably required from time to time by the Chief Executive Officer of the Company.
Without limiting the generality of any of the foregoing, except as hereafter expressly agreed in writing by Executive, Executive
shall not be required to report to any party other than to the Chief Executive Officer of the Company.

 

2. Term. Subject
to the provisions for termination hereinafter provided, the term of this Agreement shall begin on the date hereof and shall end
at 11:59 p.m., local time, on December 31, 2015, provided, however, that the term of this Agreement shall automatically renew for
successive one year terms, unless Executive or the Company gives written notice to the other not less than one hundred twenty (120)
days prior to December 31, 2015 or the expiration of any such one-year term that he or it, as the case may be, is electing not
to so extend the term of this Agreement (the “Employment Period”). Notwithstanding the foregoing, the term of
this Agreement shall end on the date on which Executive’s employment is earlier terminated by him or the Company in accordance
with the provisions of Paragraph 7(a) below.

 

3. Outside Interests.
Executive shall not, without the prior written consent of the Company, directly or indirectly, during the term of this Agreement,
other than in the performance of duties naturally inherent to the business of the Company and in furtherance thereof, render services
of a business, professional or commercial nature to any other person or firm, whether for compensation or otherwise; provided,
however, that Executive may attend to outside investments, and serve as a director, trustee or officer of, or otherwise participate
in, educational, welfare, social, religious and civic organizations so long as such activities do not materially interfere with
his full-time employment hereunder.

 

4. Compensation.

 

(a) Salary. For all
services he may render to the Company during the term of this Agreement, the Company shall pay to Executive the following salary
in those installments customarily used in payment of salaries to the Company’s senior executives (but in no event less frequently
than monthly):

 

(i) for calendar year 2014 a salary of
One Hundred Fifty Thousand Dollars ($150,000);

 

    	 

    	 

    

 

(ii) for calendar
year 2015, a salary of One Hundred Seventy Five Thousand Dollars ($175,000);

 

(iii) for the calendar
year beginning on January 1, 2016, and for each calendar year thereafter during the term of this Agreement, a salary determined
by the Board of Directors, which in no event shall be less than the annual salary that was payable by the Company to Executive
under this Paragraph 4(a) for the immediately preceding calendar year.

 

(b) Bonus. Executive
shall be entitled to participate in any bonus program implemented by the Compensation Committee of the Board of Directors for the
Company’s senior executives generally, with pertinent terms and goals to be established annually or otherwise by the Compensation
Committee in its sole discretion.

 

(c) Benefits. Executive
shall be entitled, subject to the terms and conditions of the appropriate plans, to all benefits provided by the Company to senior
executives generally from time to time during the term of this Agreement.

 

(d) Vacation. Executive
shall be entitled to three (3) weeks of paid vacation per year, which cannot be carried over from year to year without prior written
approval from the CEO.

 

(e) Automobile.
Executive shall be entitled to use of a Company automobile and the Company shall provide automobile insurance therefor.

 

(f) Medical/Health
Insurance. The Company shall provide Executive with medical/health insurance.

 

(g) Cell Phone. The Company shall provide
Executive with a cell phone.

 

(h) Business Expenses.
Executive will be issued a Company credit card for payment of business expenses in furtherance of Executive’s responsibilities
and obligations under this Agreement. Executive shall deliver to the Company (no less than monthly or immediately upon request
by the Company) proper documentation for all such expenses and charges for all travel, hotel and business expenses when incurred
on Company business during the term of this Agreement.

 

(i) Perquisites. Executive
shall be entitled to such perquisites, including use of an automobile, as are provided by the Company to senior executives generally
from time to time during the term hereof.

 

5. Executive Stock Awards Plan. During
the term of this Agreement, Executive shall participate in any executive stock award plan the Company’s may adopt.

 

6. Payment in the Event of Death or
Disability.

 

(a) In the event
of Executive’s death or Disability during the term of this Agreement, for a period equal to the lesser of (i) twelve (12)
months following the date of such death or Disability or (ii) the balance of the term that would have remained hereunder at such
date had Executive’s death or disability not occurred, the Company shall continue to pay to Executive (or his estate) Executive’s
then effective per annum rate of salary, as determined under Paragraph 4(a), and provide to Executive (or to his family members
covered under his family medical coverage) the same family medical coverage as provided to Executive on the date of such death
or Disability.

 

(b) Except as otherwise
provided in Paragraph 6(a), in the event of Executive’s death or Disability Executive’s employment hereunder shall
terminate and Executive shall be entitled to no further compensation or other payments or benefits under this Agreement, except
as to any unpaid salary, bonus, or benefits accrued and earned by him up to and including the date of such death or Disability.

 

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(c) For purposes
of this Agreement, Executive’s Disability shall be deemed to have occurred after one hundred fifty (150) days in the aggregate
during any consecutive twelve (12) month period, or after ninety (90) consecutive days, during which one hundred fifty (150) or
ninety (90) days, as the case may be, Executive, by reason of his physical or mental disability or illness, shall have been unable
to discharge his duties hereunder. The date of Disability shall be such one hundred fiftieth (150th) or ninetieth (90th) day, as
the case may be. If the Company or Executive, after receipt of notice of Executive’s Disability from the other, dispute that
Executive’s Disability shall have occurred, Executive shall promptly submit to a physical examination by the chief of medicine
of any major accredited hospital selected by the Company and, unless such physician shall issue his written statement to the effect
that in his or her opinion, based on his or her diagnosis, Executive is capable of resuming his employment and devoting his full
time and energy to discharging his duties within thirty (30) days after the date of such statement, such Disability shall be deemed
to have occurred.

 

(d) The payments
to be made by the Company to Executive hereunder shall be offset and reduced by the amount of any insurance proceeds (on a tax-effected
basis) paid to Executive (or his estate) from insurance policies obtained by the Company other than insurance policies provided
under Company-wide employee benefit and welfare plans.

 

7. Termination.

 

(a) The employment of Executive under
this Agreement:

 

(i) shall be terminated
automatically upon the death or Disability of Executive;

 

(ii) may be terminated
for Cause at any time by the Company, with any such termination not being in limitation of any other right or remedy the Company
may have under this Agreement or otherwise;

 

(iii) may be terminated
at any time by the Company without Cause with 30 days’ advance notice to Executive;

 

(iv) may be terminated
at any time by Executive with thirty (30) days’ advance notice to the Company, and shall be terminated automatically if Executive
does not accept assumption of this Agreement by, or an offer of employment from, a purchaser of all or substantially all of the
assets of the Company; or

 

(v) may be terminated
at any time by Executive if the Company materially breaches this Agreement and fails to cure such breach within thirty (30) days
of written notice of such breach from Executive, provided that Executive has given notice of such breach within ninety (90) days
after he has knowledge thereof and the Company did not have Cause to terminate Executive at the time such breach occurred.

 

(b) Upon any termination
hereunder, Executive shall be deemed automatically to have resigned from all offices and any directorship held by him in the Company,
unless the Company informs Executive otherwise.

 

(c) Executive’s
employment with the Company for all purposes shall be deemed to have terminated as of the effective date of such termination hereunder
(the “Date of Termination”), irrespective of whether the Company has a continuing obligation under this Agreement to
make payments or provide benefits to Executive after such date.

 

8. Certain Termination Payments.

 

(a)
If Executive’s employment with the Company is terminated by the Company without Cause or by Executive pursuant to Paragraph
7(a)(v), in either case other than within two years after a Change in Control, the Company shall (i) continue to pay to Executive
the per annum rate of salary then in effect under Paragraph 4(a) and provide him and his family with the benefits described in
Paragraph 4 then in effect (unless the terms of the applicable plans expressly prohibit the continuation of such benefits after
such termination and cannot be amended, with applicability of such amendment limited to Executive, to provide for such continuation,
in which case the Company shall procure and pay for substantially similar substitute benefits except for any pension or 401 (k)
Plan benefit) for the balance of the term that would have remained hereunder had such termination not occurred.

 

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(b) If Executive’s
employment is terminated by the Company with Cause or is terminated pursuant to Paragraph 7(a)(iv), Executive shall be entitled
to no further compensation or other payments or benefits under this Agreement, except as to that portion of any unpaid salary and
benefits accrued and earned by him under Paragraph 4 up to and including the Date of Termination.

 

9. Definitions.

 

(a) “Beneficial
Owner” shall have the meaning provided in Rule 13d-3 promulgated under the Exchange Act.

 

(b) “Cause” means:

 

(i) Executive’s
conviction of, or plea of “no contest” to, a felony;

 

(ii) Executive’s
willfully engaging in an act or series of acts of gross misconduct that result in demonstrable and material injury to the Company;
or

 

(iii) Executive’s
material breach of any provision of this Agreement, which breach has not been cured in all material respects within twenty (20)
days after the Company gives notice thereof to Executive.

 

(c) “Person”
shall have the meaning provided in Section 3(a)(9) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
and as used in Sections 13(d) and 14(d) thereof, and shall include a “group” (as defined in Section 13(d) of the Exchange
Act).

 

10. Certain Covenants

 

(a) Noncompete and
Nonsolicitation. Executive acknowledges the Company’s reliance on and expectation of Executive’s continued commitment
to performance of his duties and responsibilities during the term of this Agreement. In light of such reliance and expectation,
during the term hereof and for two (2) years after termination of Executive’s employment and this Agreement under Paragraph
7 hereof, other than termination by the Company without Cause or termination by Executive pursuant to Paragraph 7(a)(v), Executive
shall not, directly or indirectly, do or suffer any of the following:

 

(i) Own, manage, control
or participate in the ownership, management, or control of, or be employed or engaged by or otherwise affiliated or associated
as a consultant, independent contractor or otherwise with, any corporation, partnership, proprietorship, firm, association or other
business entity, or otherwise engage in any business, which is in competition with the business of the Company as and where conducted
by it at the time of such termination; provided, however, that the ownership of not more than five percent (5%) of any class of
publicly traded securities of any entity shall not be deemed a violation of this covenant (the restrictions set forth in this subsection
10(a)(i) shall not apply to Executive’s pre-existing interest in Bakers-field Drilling Consultants, Inc. (BDC). Nothing in
this Agreement shall be interpreted as requiring Executive to forfeit any interest in BDC.

 

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(ii) Solicit the employment
of, assist in the soliciting the employment of, or otherwise solicit the association in business with any person or entity of,
any employee, consultant or agent of the Company; or

 

(iii) Induce any person
who is a customer of the Company to terminate said relationship.

 

(b) Nondisclosure;
Return of Materials. During the term of his employment by the Company and following termination of such employment, Executive will
not disclose (except as required by his duties to the Company), any concept, design, process, technology, trade secret, customer
list, plan, embodiment or invention, any other intellectual property (“Intellectual Property”) or any other confidential
information, whether patentable or not, of Company of which Executive becomes informed or aware during his employment, whether
or not developed by Executive. In the event of the termination of his employment with the Company or the expiration of this Agreement,
Executive will return to the Company all documents, data and other materials of whatever nature, including, without limitation,
drawings, specifications, research, reports, embodiments, software and manuals that pertain to his employment with the Company
or to any Intellectual Property and shall not retain or cause or allow any third party to retain photocopies or other reproductions
of the foregoing.

 

(c) Executive expressly
agrees and understands that the remedy at law for any breach by him of this Paragraph 10 may be inadequate and that the damages
flowing from such breach are not easily measured in monetary terms. Accordingly, it is acknowledged that, upon adequate proof of
Executive’s violation of any provision of this Paragraph 10, the Company shall be entitled to immediate injunctive relief
and may obtain a temporary order restraining any threatened or further breach and may withhold any amounts owed to Executive pursuant
to this Agreement. Nothing in this Paragraph 10 shall be deemed to limit the Company’s remedies at law or in equity for any
breach by Executive of any of the provisions of this Paragraph 10 that may be pursued by the Company.

 

(d) If Executive
shall violate any legally enforceable provision of this Paragraph 10 as to which there is a specific time period during which he
is prohibited from taking certain actions or from engaging in certain activities, as set forth in such provision, then, in such
event, such violation shall toll the running of such time period from the date of such violation until such violation shall cease.

 

(e) Executive has
carefully considered the nature and extent of the restrictions upon him and the rights and remedies conferred upon the Company
under this Paragraph 10, and hereby acknowledges and agrees that the same are reasonable in time and territory, are designed to
eliminate competition that otherwise would be unfair to the Company, do not stifle the inherent skill and experience of Executive,
would not operate as a bar to Executive’s sole means of support, are fully required to protect the legitimate interests of
the Company and do not confer a benefit upon the Company disproportionate to the detriment to Executive.

 

11. Withholding
Taxes. All payments to Executive hereunder shall be subject to withholding on account of federal, state and local taxes as required
by law.

 

12. No Conflicting
Agreements. Executive represents and warrants that he is not a party to any agreement, contract or understanding, whether an employment
contract or otherwise, that would restrict or prohibit him from undertaking or performing employment in accordance with the terms
and conditions of this Agreement.

 

13. Severable Provisions.
The provisions of this Agreement are severable and if any one or more of its provisions is determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions and any partially unenforceable provision to the extent enforceable
in any jurisdiction nevertheless shall be binding and enforceable.

 

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14.
Binding Agreement. The rights and obligations of the Company under this Agreement shall inure to the benefit of, and shall be
binding on, the Company and its successors and assigns, and the rights and obligations (other than obligations to perform
services) of Executive under this Agreement shall inure to the benefit of, and shall be binding upon, Executive and his
heirs, personal and legal representatives, executors, successors and administrators. The Company may assign this Agreement to
a purchaser (or an affiliate of a purchaser) of all or substantially all the assets of the Company. As used in this
Agreement, the “Company” shall mean the Company as herein before defined and any successor or assign to its
assets as aforesaid that becomes bound by all the terms and provisions of this Agreement. If the Executive should die while
any amounts are still payable to him, all such amounts, unless otherwise provided herein, shall be paid in accordance with
the terms of this Agreement to the Executive’s devisee, legatee, or other designee or, if there be no such designee, to
the Executive’s estate.

 

15. Notices. Notices
and other communications hereunder shall be in writing and shall be deemed to have been duly given when sent by certified mail,
postage prepaid, addressed to the intended recipient at the address set forth at the end of this Agreement, or at such other address
as such intended recipient hereafter may have designated most recently to the other party hereto with specific reference to this
Paragraph 15.

 

16. Consent to
Jurisdiction. Executive and the Company each irrevocably: (i) submits to the exclusive jurisdiction of the Ohio courts and the
United States district court(s) in Ohio for the purpose of any proceedings arising out of this Agreement or any transaction contemplated
by this Agreement; (ii) agrees not to commence such proceeding except in these courts; (iii) agrees that service of any process,
summons, notice or document by U.S. registered mail to a party’s address as provided herein shall be effective service of
process for any such proceeding; and (iv) waives any objection to the laying of venue of any such proceeding in these courts.

 

17. Waiver of Jury
Trial. Each party waives, to the fullest extent permitted by law, any right he or it may have to a trial by jury in respect of
any suit, action or proceeding arising out of this Agreement or any transaction contemplated by this Agreement. Each party certifies
that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such other party would
not, in the event of litigation, seek to enforce this waiver; and acknowledges that he or it and the other party have been induced
to enter into this Agreement by, among other things, the mutual waivers and certifications in this Paragraph 17.

 

18. Waiver. The
failure of either party to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such provision
as to any future violation thereof, or prevent that party thereafter from enforcing each and every other provision of this Agreement.
The rights granted the parties herein are cumulative and the waiver of any single remedy shall not constitute a waiver of such
party’s right to assert all other legal remedies available to it under the circumstances.

 

19. Miscellaneous.
This Agreement supersedes all prior agreements and understandings between the parties. This Agreement may not be modified or terminated
orally. All obligations and liabilities of each party hereto in favor of the other party hereto relating to matters arising prior
to the date hereof have been fully satisfied, paid and discharge. No modification, termination or attempted waiver shall be valid
unless in writing and signed by the party against whom the same is sought to be enforced.

 

20. Governing Law.
This Agreement shall be governed by and construed according to the laws of the State of Ohio.

 

    	6

    	 

    

 

21. Captions and
Paragraph Headings. Captions and paragraph headings used herein are for convenience and are not a part of this Agreement and shall
not be used in construing it.

 

22. Enforcement
Costs. If any legal action or other proceeding is brought for the enforcement of this Agreement, or because of an alleged dispute,
breach, default or misrepresentation in connection with any provision of this Agreement, the successful or prevailing party or
parties shall be entitled to recover reasonable attorneys’ fees, court costs and all expenses even if not taxable as court
costs (including, without limitation, all such fees, costs and expenses incident to arbitration, appellate, bankruptcy and post-judgment
proceedings), incurred in that action or proceeding, in addition to any other relief to which such party or parties may be entitled.

 

23. Rejection of
Benefits. If Executive chooses not to accept any benefits offered by the Company herein, the Company shall not reimburse the Executive
for any such benefit or provide a cash equivalent in lieu of providing such benefit.

 

IN WITNESS WHEREOF, the parties have executed
this Agreement on the day and year first set forth above

 

	Cardinal Energy Group, Inc.:
	 	 	 
	By: 	/s/ Timothy W. Crawford	 
	Name: 	Timothy W. Crawford	 
	Title: 	CEO / President	 
	Date:	 January 1, 2014
	 	 	 
	 	 	 
	Dave Rippy
	Date:	___,2014	 

 

    	7

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