Document:

PURCHASE AND SALE AGREEMENT

         
	 STATE OF ILLINOIS

     Edwards County No. 95290

     Filed for record this______6thday

     of   Oct  A.D. 20    11    at_____

      9:35  o’clock     A     M and

     duly recorded in    Oil & Gas

     Record   223   Page231-246

                     Recorder

 

Date: May 10, 2011

 

	TEHI Illinois, LLC	Date: 10/10/11
	P.O. Box 672	Rental Housing Support
	Olney, IL 62450	Program Fund Surcharge: $10.00

 

Re: Agreement for Sale of TEHI Illinois Lease known as "The
Works Lease", Exhibit "A"

 

Gentlemen:

 

This agreement ("Agreement") is
made and entered into by and between EOS PETRO, Inc. ("Buyer"), and TEHI Illinois, LLC ("Seller"), as follows:

 

1.          For
good and valuable consideration paid, the receipt and sufficiency of which are hereby acknowledged, Buyer agrees to purchase from
Seller and Seller agrees to sell to Buyer, all of Seller’s right, title and interest in and to the following (collectively
referred to as the "Interests");

 

(a)          The
properties, described on "Exhibit A" attached hereto and made a part hereto and made a part hereof, whether such
properties are in the nature of the interests, leasehold interests, licenses, concessions, working interests, farm out rights,
royalty, over-riding royalty or other non-working or canceled interests, operating rights or other material rights of every nature,
and any rights that arise by operation of law or otherwise in all such properties and lands covered thereby and pooled, utilized,
communitized or consolidated with such properties (the "Leases");

 

(b)          All
oil, condensate or natural gas wells, water source wells and water and other types of injection and disposable wells either located
on the Leases or on lands pooled or utilized therewith or held for use in connection with the Leases, whether p0roducing, operating
or shut-in (the "Wells");

 

(c)          All
severed crude oil, natural gas, casing head, gas, drip, gasoline, natural gasoline, petroleum, natural gas, liquids, condensate,
products, liquids and other hydrocarbons and other minerals or materials of every kind and description produced from the Leases
and located on the Leases below the sales connection(s) on the Effective Date (the "Substances");

 

(d)          All
property, fixtures, leases, improvements, oil field equipment and physical facilities or interests therein, that are used or currently
held for use in connection with the ownership or operation of the Leases and Wells, including, without limitation, tanks and tank
batteries, disposal facilities, storage facilities, buildings, structures, field separators and liquid extractors, compressors,
pumps, pumping units, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, implements, tools, appliances,
cables, wires, towers, casing, tubing and rods, gathering lines or other pipelines, field gathering systems, and all other similar
fixtures and equipment.

 

    	Book 223 Page 231

    	 

    

 

	 	 	 STATE OF ILLINOIS

     Edwards County No. 95290

     Filed for record this______6thday

     of   Oct  A.D. 20    11    at_____

       9:35  o’clock     A     M and

     duly recorded in    Oil & Gas

     Record   223   Page231-246

                     Recorder

 

(e)          All
contracts, commitments, agreements and arrangements that in any way relate to the Leases and Wells including, without limitation,
all leases, easements, privileges, right-of-way agreements, permits, servitudes, licenses or other agreements relating to the use
or ownership of surface and subsurface properties and structures that are used or held for use or in connection with the exploration,
production and transportation of Substances from the Leases or Wells, and all existing or proposed utilization, pooling and communitization
agreements, declarations and orders to the extent they relate to or affect the Leases and Wells. All options, farm out agreements,
exploration agreements, all oil, gas, liquids, condensate, casinghead gas and gas sales, purchase exchange, gathering transportation
and processing contracts, all operating agreements, and all agreements for the production, storage, treatment, transportation,
processing, purchase, sale or other disposal of Substances from the Leases and Wells or in connection therewith, and any and all
amendments, ratifications or extensions of the foregoing, together with (i) all rights, privileges and benefits of Assignor thereunder
arising on or after the Effective Date, (ii) all claims for take-or-pay or other similar payments arising before or after the Effective
Date, and (iii) rights of subrogation for any claims that arise on or after the Effective Date and/or any insurance policy held
by Assignor.

 

Purchase Price: The purchase price shall be
(1,479,544 Shares (the "Purchase Price"), of EOS Energy stock subject to adjustment pursuant to the terms and conditions
hereof. Confirmation of this purchase and sales transaction (the "Closing") shall take place in the offices of the Seller
at 10:00 a.m. Pacific Time, on or before the expiration of the latter of fifteen (15) days after the execution of this Agreement.

 

Effective Date: Transfer of the Interests shall
be effective as of 10:00 a.m. Pacific Time, on the Closing date as defined herein (the "Effective Date").

 

2.          Seller
shall be entitled to all credits, receipts, income and proceeds of production from and accruing to the Interests prior to the Effective
Date and shall be responsible for all costs, expenses, disbursements, obligations and liabilities attributable to the Interests
for periods of time prior to the Effective Date, Buyer shall be entitled to all credits, receipts, income and proceeds of production
from and accruing to the Interests after the Effective Date and shall be responsible for all costs, expenses, disbursements, obligations
and liabilities attributable to the Interests for periods of time after the Effective Date.

 

3.          If
Buyer’s investigation of title to the Interests reveals the existence any material encumbrances, encroachment, lien, or other
defect by or objection to the title to the Interests including but not limited to, any adjustment to the net revenues or working
interests set forth in Exhibit "A", or any required third party consent that (is not obtained for transfer of
the Lease(s) at least 7 business days after execution of this Agreement (all of which are herein called the "Title Defects").
Buyer will immediately give Seller written notice of all such Title Defects, and the parties shall, within 7 business days of such
notice, attempt to agree on an amount by which the Purchase Price shall be adjusted, if any or the course of action necessary to
cure such Title Defects. If after said 7 day period the parties are unable to reach a resolution of such Title Defect, or an agreement
on the amount of the Purchase Price adjustment for Title Defects, if any, and Seller is unable to cure said defects before Closing,
either Buyer or Seller may elect to immediately terminate this Agreement, in which case neither party shall have any further liability
or obligation to the other hereunder, except as to all obligations of Seller and Buyer imposed by any confidentiality agreement
which shall survive such termination and be enforceable in accordance with the terms thereof. Seller agrees to provide Buyer with
the Assignments and any other title documentation that are currently in Seller’s possession.

 

    	Book 223 Page 232

    	 

    

 

 

4.          Seller
recognizes that this offer stipulated herein is based upon our understanding of the reserves, reservoir characteristics, operating
costs, and expected costs and expected prices to be received from the hydrocarbons produced and sold from the Leases. The offer
is subject to verification of current production rates, an inventory of the equipment on the property, an inspection of the environmental
condition of the property, and verification of operating permits and compliance with any and all applicable rules and regulations
(all of which are herein called the "Representation"). If Buyer determines prior to the Closing Date that the representations
are inaccurate, Buyer may elect to immediately terminate this Agreement.

 

5.          The
conveyance ("Assignment") to be delivered by Seller to Buyer at Closing shall be substantially in the form of "Exhibit
B".

 

6.          Upon
Closing, Seller, jointly and severally, agrees to indemnify, defend and hold harmless Buyer, its officers, employees, contractors,
agents and representatives from and against any and all claims, liabilities, losses, costs and expenses (including, without limitation,
court costs, reasonable expenses of litigation and reasonable attorneys’ fees) that are attributable to the Interests of
to the ownership and operation of the Interests prior to the Effective Date including, without limitation any obligation of Seller
or any other persons under litigation, any obligations of Seller or any other person to pay and discharge any monies including
interest and penalties, if any, or to take any corrective or remedial action that has been imposed by any governmental agency arising
prior to the Effective Date; and the obligations and liabilities of Seller under any laws, statutes, regulations and judicial interpretations
of the United States and the states in which the interests are located. This obligation does not include any claim between Buyer
and Seller arising out of this Agreement, and the parties agree that as to any such claim, the prevailing party will be entitled
to reasonable attorneys’ fees.

 

7.          Seller
warrants and represents that (a) it has full corporate authority to enter into this transaction; (b) the performance by Seller
of this Agreement will not conflict with, result in any violation of or default under, give rise to a right of termination, cancellation,
or acceleration of any material obligation or to the loss of a material benefit under, or result in the creation of any lien on
any of the interests. Buyer represents it has full corporate authority to enter into this transaction and that it has liquid of
readily available funds or lines of credit available at the time of execution to fund the full purchase price. Buyer represents
this Agreement is not contingent upon Buyer obtaining any other financing.

 

8.          After
Closing, Seller and Buyer shall agree to take such further actions an to execute, acknowledge, and deliver all such documents that
are necessary or useful in carrying out the purposes of this transaction or any document delivered pursuant to this transaction.

 

9.          This
Agreement and the legal relations between the parties shall be governed by and construed in accordance with the laws of the state
of Illinois without regard to principles of conflicts of laws otherwise applicable to such determinations. In the event any dispute
arises with respect to this Agreement, the parties hereby consent to jurisdiction and litigation of such dispute in the state of
Illinois, county of Richland.

 

    	Book 223 Page 233

    	 

    

 

 

10.         No
party shall assign all or any part of this Agreement, nor shall any party assign or delegate any of its rights or duties hereunder,
without the prior written consent of the other party which consent shall not be unreasonably or untimely withheld, and any assignment
made without such consent shall be void except as otherwise provided in this paragraph. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns.

 

11.         This
Agreement and the documents to be executed hereunder and the Exhibits and Schedules attached hereto, if any, constitute the entire
agreement between the parties pertaining to the subject matter hereof, and supersede all prior agreements, understandings, negotiations
and discussions, whether oral or written, of the parties pertaining to the subject matter hereof.

 

12.         This
Agreement may be executed in one or more counterparts, each of which will be deemed an original of this Agreement and all of which,
when taken together, will be deemed to constitute one and the same agreement. This Agreement may be executed by facsimile or electronic
signature, which shall be deemed an ink – signed original for all purposes.

 

If the following is in accordance with your
understanding of our agreement with respect to the matters set forth herein, please execute this letter in the space provided below
and return one copy to the letterhead address.

 

Accepted and agreed to this 6th day of June, 2011.

 

	Buyer: EOS PETRO, Inc.	 
	 	 
	By:	/s/ Nikolas Konstant	 
	 	Nikolas Konstant, Chairman of the Board

 

	Sellers: TEHI Illinois, LLC	 	 
	 	 	 
	By:	/s/ Harold Marbarger	 	By:	/s/ Jeff Swinson
	 	Harold Marbarger, Member	 	 	Jeff Swinson, Member
	 	 	 
	Printed Name: Harold Marbarger	 	Printed Name: Jeff Swinson

 

	By:	/s/ George Lambird	 
	 	George Lambird, Member	 
	 	 
	Printed Name: George Lambird	 

 

Prepared by Mega Oil, Inc., P.O. Box 670, Olney, IL 62450 (618)
395-4538

 

    	Book 223 Page 234

    	 

    

 

 

EXHIBIT "A"

 

An Oil & Gas Lease dated 1/26/1966 from Lyman D. Works and
Frances M. Works, as Lessor, in favor of the Superior Oil Company, as Lessee, recorded as Book 73, page 254 in the Office of the
Recorder of Edwards County, Illinois.

 

An Oil & Gas lease dated 9/31/1938 from George J. Works,
Etux, as Lessor, in favor of Fred A. Noah, etal, at Lessee, recorded as Book 5, page 71 in the Office of the Recorder of Edwards
County, Illinois.

 

An Oil & Gas Lease dated 6/1/1938 from Frank Wood, Etal,
as Lessor, in favor of Fred A. Noah, etal, as Lessee, recorded as Book 6, page 287 in the Office of the Recorder of Edwards County,
Illinois..

 

An Oil & Gas Lease dated 5/24/1938 from Melvin Works, Etal,
as Lessor, in favor of Fred A. Noah, etal, as Lessee, recorded as Book 5, page 71 in the Office of the Recorder of Edwards County,
Illinois..

 

An Oil & Gas Lease dated 12/4/1996 from Alma Energy Corporation
as Lessor; in favor of The Speir Operating Company, as Lessee, recorded as Book 194, page 329 in the Office of the Recorder of
Edwards County, Illinois.

 

Covering the following described lands located in Edwards County,
IL

 

F. Wood Etal, Tract 4

Township 2 South, Range 14 East

Section 19: N/2

Section 18: Commencing near the SE corner where the South line
of said Section intersects the west line of the right of way of St Hwy 1, thence West 64 rods, thence North 5 rods, thence East
64 rods to the West line of said ROW, thence South 5 rods to the POB

 

Book 223 Page 243

 

    	Book 223 Page 235

    	 

    

 

G. J. Works, Tract 3

Township 2 South, Ranch 11 East

Section 18: Commencing at the SW corner, thence East 56 chains
58 links, thence North 26 chains 54 links, thence West 56 chains 681/2 links, thence South 26 chains 54 links to POB, containing
158 acres, 1 rod, 14 perches, more or less, excepting commenting near the SE corner where the South Line of said Sections intersects
the west line of the right of way of St HWY 1, thence West 54 rods, thence North 5 rods, thence East 54 rods to the West line of
said ROW, thence South 5 rods to the POB.

 

G. J. Works

Township 2 South, Range 11 East

Section 18: 140 acres, more or less, located in the South part
of Section 18, more fully described in that Oil Gas and Mineral Lease dated May 31, 1938, by and between George Works, Etux, as
Lesser, and The Superior Oil Company, as Lessee.

 

F. Wood

Township 2 South, Range 11 East

Section 18: 2 acres tract commencing near the SE corner where
the South line of said Section intersects the west line of the right of way of St HWY 1, thence West 64 rods, thence North 5 rods,
thence East 54 rods to the West line of said ROW, thence South 5 rods to the POB

 

M. Works, Tract 2

Township 2 South, Ranch 11 East

Section 18: 120 acres off of the West side of the following
described Lands; Commencing at the NE corner of 5/2 Section 19, North 60 deg 30 min West 69 chains 36 links, thence South 5 deg
15:min Basf 53 chains 22 links, thence North 64 deg East 56 chains 80 links, thence North 5 deg West 13 chains 22 links to the
POB.

 

    	Book 223 Page 236

    	 

    

 

Book 223 Page 244 

 

Exhibit "B"

 

Form of

AGREEMENT, ASSIGNMENT AND BILL OF SALE

 

TEHI LLC ("Assignor"),
located at: OLNEY, IL., for the payment of Ten and No/100 Dollars ($10.00) and other valuable consideration, the receipt
and sufficiency of which are hereby acknowledged and subject to the terms and conditions hereof, hereby grants, sells, assigns
conveys and transfers unto EOS PETRO, INC., a DELAWARE Corporation ("Assignee"), located at: 2049 Century
Park East, Suite 3670, Los Angeles, CA 90067, effective as of 10:00 a.m., Pacific time, June 11, 2011 (the "Effective
Date"), all of the Assignor's right, title and interest in and to the following:

 

(a)          The
properties described on Exhibit "A" attached hereto and made a part hereof, whether such properties are in the nature
of fee interests, leasehold interests, licenses, concessions, working interests, farmout rights, royalty, overriding royalty or
other non-working or carried interests, operating rights or other mineral rights of every nature, and any rights that arise by
operation of law or otherwise in all such properties and lands covered thereby and pooled, unitized, communitized or consolidated
with such properties (the "Leases");

 

(b)          All
oil, condensate or natural gas wells, water source wells, and water and other types of injection and disposal wells either located
on the Leases or on lands pooled or unitized therewith or held for use in connection with the Leases, whether producing, operating
or shit-in (the "Wells");

 

(c)          All
severed crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline, petroleum, natural gas liquids, condensate, products,
liquids and other hydrocarbons and other minerals or materials of every kind and description produced from and located on the Leases
below the sales connection(s) on or after the Effective Date (the "Substances");

 

(d)          All
personal property, fixtures, leases, improvements, oil field equipment and physical facilities or interests therein that are used
or held for use in connection with the ownership or operation of the Leases and Wells, including, without limitation, tanks and
tank batteries, disposal facilities, storage facilities, buildings, structures, field separators and liquid extractors, compressors,
pumps, pumping units, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, implements, tools, appliances,
cables, wires, towers, casing, tubing and rods, gathering lines or other pipelines, field gathering systems, and all other similar
fixtures and equipment; and

 

(e)          All
contracts, commitments, agreements and arrangements that in any way relate to the Leases and Wells including, without limitation,
all leases, easements, privileges, right-of-way agreements, permits, servitudes, licenses or other agreements relating to the use
or ownership of surface and subsurface properties and structures that are used or held

 

for use in connection with the exploration, production
and transportation of Substances

 

    	Book 223 Page 237

    	 

    

 

for use in connection with the exploration, production
and transportation of Substances from the Leases or Wells, and all existing or proposed unitization, pooling and communitization
agreements, declarations and orders to the extent they relate to or affect the Leases and Wells, all options, farmout agreements,
exploration agreements, all oil, gas liquids, condensate, casinghead gas and gas sales, purchase, exchange, gathering, transportation
and processing contracts, all operating agreements, and all agreements for the production, storage, treatment, transportation,
processing, purchase, sale or other disposal of Substances from the Leases and Wells or in connection therewith, and any and all
amendments, ratifications or extensions of the foregoing, together with (i) all rights, privileges and benefits of Assignor thereunder
arising on or after the Effective Date, (ii) all claims for take-or-pay or other similar payments arising before or after the Effective
Date, and (iii) rights of subrogation of any claims that arise on or after the Effective Date under any insurance policy held by
Assignor.

 

It is the further understanding of Assignor and Assignee that:

 

(1)         Assignor
shall be entitled to all credits and proceeds of hydrocarbons produced, severed and sold from the Leases prior to the Effective
Date and located above the sales connection on the Effective Date, and shall be responsible for all costs, expenses, disbursements,
obligations and liabilities attributable to the Leases for periods of time prior to the Effective Date.

 

(2)         Assignee
shall be entitled to all credits and proceeds of all severed crude oil, natural gas, casinghead gas, drip gasoline, natural gasoline,
petroleum, natural gas liquids, condensate, products, liquids and ether hydrocarbons and other minerals or materials of every kind
and description produced from the Leases and either (i) located on the Leases on the Effective Date or (ii) sold on or after the
Effective Date and shall be responsible for all costs, expenses, disbursements, obligations and liabilities attributable to the
Leases for periods of time after the Effective Date.

 

(3)         Assignor
agrees to indemnify, defend and hold harmless Assignee, its agents and representatives from and against any and all claims, liabilities,
losses, costs and expenses (including, without limitation, court costs, reasonable expenses of litigation and reasonable attorneys'
fees) that are attributable to the Leases and other assets described above and to the period of time prior to the Effective Date,
including, without limitation, any obligation of Assignor or any other person under any litigation, any obligation of Assignor
or any other person to pay and discharge any refunds, including interest and penalties, if any, that may be imposed by any governmental
agency arising from the sale of production prior to the Effective Date, any obligation or liability of Assignor arising from any
gas imbalances other than the gas imbalances adjusted for on the execution date hereof, and the obligations and liabilities of
Assignor under any laws, statutes, regulations and judicial interpretations of the United States and the state in which the Leases
are located; or any of them, or any of them, or any governmental or quasi-governmental authority having jurisdictions that relate
to the prevention, abatement or elimination of pollution or the protection of the environment.

 

To have and to hold the Interests herein
assigned, together with all and singular the rights and appurtenances thereto unto Assignee, its successors and assigns forever;
subject, however, to the matters set forth herein.

 

    	Book 223 Page 238

    	 

    

 

This conveyance is made with full substitution
and subrogation of Assignee, its successors and assigns, to the rights of Assignor under, for and to all warranties made by others
with respect to the rights, titles and interests being conveyed hereunder.

 

The Leases may also be conveyed on the appropriate
federal or state agency forms. All such additional conveyances shall be considered counterparts hereof and not additions hereto;
all of the terms, conditions and covenants of this Agreement, Assignment and Bill of Sale shall be deemed incorporated into such
conveyances.

 

Assignor will, at any time and from time
to time after the date hereof, upon Assignee's request, execute, acknowledge and deliver or cause to be executed and delivered,
all further documents or instruments necessary to effect the transaction embodied in this Agreement, Assignment and Bill of Sale.

 

This Agreement, Assignment and Bill of Sale
is made and delivered subject to that certain Agreement between Assignor and Assignee dated as of

 

Executed this 6th day or June
2011, effective for all purposes as of the Effective Date.

 

	Assignor:	 	 
	Attest:	 	 
	By:	 /s/ Harold Murbarger	 	By:	/s/ Jeff Swinson
	Name:	 Harold Murbarger	 	Name:	Jeff Swinson
	Title:	Member	 	Title:	Member
	 	 	 
	Assignee: Attest: Buyer	 	 
	By:	/s/ Nikolas Konstant	 	By:	 
	Name:	Nikolas Konstant	 	Name:	 
	Title:	Chairman of the Board	 	Title:	 
	 	EOS PETRO, INC.	 	 

 

    	Book 223 Page 239

    	 

    

 

ACKNOWLEDGEMENTS

 

For Assignor:

STATE OF _ _________)     (ss. 

COUNTY OF _________)

 

The foregoing instrument was acknowledged
before me by ____________________, as ____________________ of ____________________ on behalf of said ___________________.

 

Witness my hand and notarial seal this ___
day of __________.

 

My Commission Expires:

 

Notary Public in and for the State of ____________________.

                         (Seal)

 

For Assignee:

 

STATE OF CALIFORNIA        )                         (ss. 

COUNTY OF LOS ANGELES)

 

The foregoing instrument was acknowledged
before and by Nikolas Konstant, as Chairman of the Board of EOS PETRO, INC., on behalf of said corporation.

 

Witness my hand and notarial seal this 15th day of August,
2011.

 

My Commission Expires: June 4, 2014

 

Notary Public in and for the State of California 

                         (Seal)

 

 

    	Book 223 Page 240

    	 

    

  

ACKNOWLEDGEMENTS

 

For Assignor:

 

STATE OF ILLINOIS      )                    (ss. 

 

COUNTY OF RICHLAND)

 

The foregoing instrument was acknowledged
before me by Harold Murbarger, as Member of TEHI ILLINOIS, LLC on behalf of said TEHI ILLINOIS.

 

Witness my hand and notarial seal this 6th day of June
2011.

 

My Commission Expires: 7/14/2015

 

Notary Public in and for the State of Illinois.

 

(Seal)

 

 

For Assignor:

 

STATE OF ILLINOIS        )     (ss. 

 

COUNTY OF RICHLAND)

 

The foregoing instrument was acknowledged
before and by Jeff Swinson, as Member of the TEHI Illinois, LLC, on behalf of said TEHI Illinois, LLC.

 

Witness my hand and notarial seal this 15th day of August, 2011.

 

My Commission Expires: 7/14/2015

 

Notary Public in and for the State of California

 

 

    	Book 223 Page 241

    	 

    

 

ACKNOWLEDGEMENTS

 

For Assignor:

 

STATE OF ILLINOIS      )                     (ss. 

 

COUNTY OF RICHLAND)

 

The foregoing instrument was acknowledged
before me by George Lambird, as Member of TEHI ILLINOIS, LLC on behalf of said TEHI ILLINOIS.

 

Witness my hand and notarial seal this 6th day of June
2011.

 

My Commission Expires: 7/14/2015

 

Notary Public in and for the State of Illinois.

 

(Seal)

 

 

For Assignee:

 

STATE OF ___________)       (ss. 

 

COUNTY OF _________)

 

The foregoing instrument was acknowledged
before and by Jeff Swinson, as Member of the TEHI Illinois, LLC, on behalf of said TEHI Illinois, LLC.

 

Witness my hand and notarial seal this 15th day of August, 2011.

 

My Commission Expires: June 4, 2014

 

Notary Public in and for the State of California

 

(Seal)

 

    	Book 223 Page 242Knowledge Reservoir, LLC	KRXXXXX10####

  

Services Agreement

 

This Agreement is made as of July 8, 2011
(“Effective Date”) between Knowledge Reservoir, LLC (“Knowledge Reservoir”) and EOS Petro Inc. (“Client”).

 

The Following documents are attached to this Agreement:

 

		1.	General Conditions to Services Agreement

		2.	Exhibit A – Schedule of Rates

		3.	Exhibit B – Project Description

 

All references to the “Agreement”
or the “Services Agreement” shall mean and include this Agreement, together with the aforementioned documents and all
other appendices, exhibits and/or attachments subsequently attached hereto, all of which are incorporated herein and made a part
hereof by reference.

 

The Agreement embodies the entire agreement
between the Parties and supersedes all prior agreements, whether written or oral, relating to the subject matter herein. Any amendment
hereto will be in writing and executed by the duly authorized representatives of each Party. Exhibits, attachments and amendments
to this agreement shall take precedence in case of conflicting terms or disputes between the terms of the Agreement, and the exhibit,
attachment or amendment. This Agreement, including any exhibits, attachments or amendments to it, shall take precedence in case
of conflicting terms or disputes between the terms of any proposal, project description, quotation or other document submitted
by Knowledge Reservoir and incorporated by reference into the Agreement. The section headings used in this Agreement are for convenience
only and will not affect the construction or interpretation of this Agreement.

 

If any provision of this Agreement shall
be held invalid or unenforceable for any reason by a court of competent jurisdiction, the remaining provisions shall continue in
full force and effect, and the invalid or unenforceable provision shall be replaced by such valid provision as most closely approximates
the intention underlying it.

 

IN WITNESS WHEREOF THE PARTIES HAVE EXECUTED
THIS AGREEMENT EFFECTIVE AS OF THE DATE FIRST WRITTEN ABOVE:

 

	Knowledge Reservoir, LLC	 	 	 
	 	 	 	 	 
	By	/s/ Ivor R. Ellul	 	By	/s/ Michael Finch
	 	 	 	 	 
	Printed Name	Ivor R. Ellul	 	Printed Name 	Michael Finch
	 	 	 	 	 
	Title	Chief Executive Officer	 	Title	CEO
	 	 	 	 	 
	By	7/12/2-11	 	Date	7/12/2-11
	 	 	 	 	 
	By 	20-8995007	 	 	 

 

    	Confidential – Proprietary	Page 1	____ ____

    	 

    

  

	Knowledge Reservoir, LLC	KRXXXXX10####

 

General Conditions to Services Agreement

 

I. SERVICES

 

1.1 Services to be Provided. Knowledge
Reservoir will provide services (the “Services”) in accordance with the terms of the attached Exhibit(s) as applicable.

 

II. COMPENSATION AND EXPENSES

 

2.1 Compensation. Client will pay Knowledge
Reservoir for Services provided under this Agreement and in accordance with the Schedule of Rates in Exhibit A and the applicable
Exhibit B.

 

2.2 Procedure. Client will pay Knowledge
Reservoir in accordance with the following:

 

(a) Knowledge Reservoir agrees to keep
time records for invoicing Client. Knowledge Reservoir will invoice Client on a monthly basis, providing number of hours worked
and the rate in effect for those hours.

 

(b) Client agrees to pay Knowledge Reservoir
upon receipt of invoice the full amount due. Any questions concerning an invoice must be submitted in writing within 14 days of
receipt of invoice.

 

(c) Terms are Net 30 from the date of invoice.
A five percent (5%) late fee will be added to invoices outstanding over forty-five (45) days from the invoice date. Nonpayment
of an invoice outstanding over forty-five (45) days of invoice shall be considered breach of this Agreement and entitle Knowledge
Reservoir, at its sole discretion, to terminate this Agreement without advance notice.

 

2.3 Expenses. Out-of-pocket expenses such
as paper, copying, binding materials, mailings, travel, hotel, etc., incurred on the Client’s behalf will be billed to the
Client as incurred at actual cost with appropriate receipts. Expenses and travel are to be incurred only upon consent of client.

 

III. CONFIDENTIALITY

 

3.1 Definitions. As used below, the term
“Discloser” shall mean the party disclosing Confidential Information, the term “Recipient” shall mean the
party receiving Confidential Information, and the term “Confidential Information” shall mean: (i) trade secrets,
discoveries, inventions, designs, studies, products, computer software, source code, flowcharts, data and data sources, reports,
know-how, and proprietary processes as they exist from time to time. (ii) confidential business plans, market information, applications,
business relationships, and financial data, (iii) confidential information regarding the research or other activities of certain
other consultants or advisors to the Discloser, and other consultants who may enter into discussions with Discloser and: (iv) other
information, that is regarded by the Discloser as proprietary, and all of which information:

 

    	Confidential – Proprietary	Page 2	____ ____

    	 

    

 

	Knowledge Reservoir, LLC	KRXXXXX10####

 

(a)   is communicated to the Recipient in
written or other tangible form with reasonable written warning that such information is considered confidential or proprietary,
or

 

(b)   is disclosed to the Recipient orally
or by inspection with reasonable warning at the time of disclosure that such information is considered confidential or proprietary,
provided the information is reduced to or summarized in writing, or other tangible form and the Discloser communicates the tangible
form of the Information to the Recipient within thirty (30) business days after the initial disclosure with reasonable written
warning that such information is considered confidential or proprietary.

 

3.2 Confidential Information. During the
course of the Agreement, each party may become acquainted with the Confidential Information of the other party. Therefore, Recipient
shall not, during or after the completion of the Agreement, in whole or in part, disclose any of the Confidential Information of
the Discloser to any person, firm, corporation, association, or other entity for any reason or purposes whatsoever, nor shall the
Recipient make use of the Confidential Information of the Discloser for Recipient’s own purposes or for the benefit of any
third party under any circumstances during or after the completion of the Agreement.

 

The restrictions in the preceding paragraph
shall not apply to any Confidential Information, which the Recipient can establish by competent proof:

 

(a)   Was known to the Recipient, other than
under a confidential obligation, prior to receipt thereof by Recipient;

 

(b)   Has passed into the public domain,
other than through acts or omissions attributable to Recipient; or

 

(c)   Was subsequently obtained, other than
under a confidentiality obligation, from a third party rightfully in possession of the information.

 

At the request of the Client, and in any
event upon completion of the Agreement, Knowledge Reservoir shall promptly return to Client all originals and copies, which Knowledge
Reservoir may have relating to any Confidential Information of Client. At the request of Knowledge Reservoir, and in any event
upon completion of the Agreement, Client shall promptly return to Knowledge Reservoir all originals and copies which client may
have relating to any Confidential Information of Knowledge Reservoir. Neither party shall disclose to the other party any confidential
information, proprietary material, or trade secrets belonging to any current or former employer or any third party.

 

    	Confidential – Proprietary	Page 3	____ ____

    	 

    

 

	Knowledge Reservoir, LLC	KRXXXXX10####

 

IV. RIGHTS TO INTELLECTUAL PROPERTY

 

4.1 Ownership. Client shall remain the
sole owner of all inventions, discoveries, patents, patent applications, software, copyrights, and copyrightable works, ideas,
trade secrets and other intellectual property rights incorporated into the products to be delivered by Knowledge Reservoir under
this Agreement, including but not limited to any enhancements, improvements or derivative works developed by Knowledge Reservoir
in connection with such intellectual property owned by Client.

 

4.2 Rights. Except as specifically set
forth in this Agreement, Client shall not have or acquire any rights to any patents patent applications, inventions, discoveries,
trade secrets, or other intellectual property rights of Knowledge Reservoir, including rights related to such items not incorporated
in the deliverables under this Agreement. Nothing in this Agreement shall give Knowledge Reservoir any right or interest in any
patents, patent applications, inventions, discoveries, trade secrets, or other intellectual property rights of Client.

 

V. AGENCY

 

5.1 No Agency. Neither party has authority,
either express or implied, to act, represent, or represent that such party is acting on behalf of the other party, except in those
instances in which a party has given the other party prior written consent that specifically covers such party’s acts or
representations.

 

VI. INDEPENDENT CONTRACTOR

 

6.1 Independent Contractor Relationship.
The relationship between Knowledge Reservoir and the Client shall be that of an Independent contractor and nothing herein shall
be construed as creating, at any time, the relationship of employee or employer between the Client and Knowledge Reservoir, its
agents, or employees. Knowledge Reservoir is an independent contractor and is not an employee, servant, agent, partner, or joint
venturer of Client. Client shall determine the work to be performed by Knowledge Reservoir, but Knowledge Reservoir shall determine
the legal means by which it accomplishes the work specified by Client.

 

    	Confidential – Proprietary	Page 4	____ ____

    	 

    

 

	Knowledge Reservoir, LLC	KRXXXXX10####

 

6.2 Taxes and Benefits. Client is not responsible
for withholding, and shall not withhold, FICA or employment-related taxes from any payments which it owes Knowledge Reservoir.
Client shall be responsible for all taxes, however designated or levied, on this Agreement, the goods and services provided under
the Agreement for which Client is financially responsible, and the amounts paid to Knowledge Reservoir. Knowledge Reservoir shall
be responsible for franchise taxes, taxes on the net Income of Knowledge Reservoir, employment-related taxes on its employees,
and taxes on goods for which Knowledge Reservoir is financially responsible under this Agreement. Neither Knowledge Reservoir nor
its representatives shall be entitled to receive any benefits which employers of Client are entitled to receive and shall not be
entitled to workers’ compensation, unemployment compensation, medical insurance, life insurance, paid vacations, paid holidays,
pension, profit sharing, or Social Security on account of their work for Client.

 

VII. TERMINATION

 

7.1 Term. The initial term of this Agreement
(“Initial Term”) shall continue for an Initial Term of (1) year. This Agreement shall automatically renew at the end
of the Initial Term and on each anniversary of such renewal date thereafter for consecutive periods equivalent to the Initial Term,
unless and until terminated by either Party. Knowledge Reservoir expressly understands that automatic renewal of this Agreement
does not constitute a representation or promise by Client that it will order future Services from Knowledge Reservoir.

 

7.2 Termination. This Agreement or any
Exhibit may be terminated prior to the termination date as follows:

 

(a) Without cause, either party may terminate
this Agreement after giving thirty (30) calendar days prior written notice to the other party of intent to terminate without cause.
The parties shall deal with each other in good faith during the thirty (30) day period after any notice of intent to terminate
without cause has been given.

 

(b) With reasonable cause, either party
may terminate this Agreement effective immediately upon the giving of written notice of termination with cause. Reasonable cause
shall include the serious or persistent breach by a party of any of its obligations under this Agreement which is not capable of
being remedied or, in the case of a remediable breach, the failure to remedy such breach within fourteen (14) days of written notice
to do so. Any actual or threatened breach by a party of its obligations of confidentiality under Section III shall be a breach
not capable of being remedied.

 

7.3 Termination Costs. Under any termination
of this Agreement, Client’s liability for payment shall be limited to paying Knowledge Reservoir for all services performed
through the termination date for which payment has not been received.

 

    	Confidential – Proprietary	Page 5	____ ____

    	 

    

 

	Knowledge Reservoir, LLC	KRXXXXX10####

 

7.4 Continued Effect After Termination.
Sections III through IX of this Agreement shall survive termination of the Agreement and will continue in full force and effect
thereafter.

 

VIII. LIABILITIES AND INDEMNIFICATION

 

(a) Knowledge Reservoir shall be liable
for all losses, expenses and claims for death of or personal injury to Knowledge Reservoir or its subcontractors and for damage
to or loss of the property (including data) of Knowledge Reservoir or its subcontractors arising out of or in any way connected
with Agreement, howsoever caused, excepting only gross negligence and willful misconduct of Client. Knowledge Reservoir shall defend,
indemnify and hold Client harmless from and against said losses, expenses and claims.

 

(b) Client shall be liable for all losses,
expenses and claims for death of or personal injury to Client or its subcontractors and for damage to or loss of the property (including
data) of Client or its subcontractors arising out of or in any way connected with Agreement, howsoever caused, excepting only Knowledge
Reservoir harmless from and against said losses, expenses and claims.

 

(c) Knowledge Reservoir and Client shall
respectively be liable for and shall defend, indemnify and hold harmless the other party from and against all losses, expenses
and claims for loss, damage, injury or death suffered by any third party, arising out of Knowledge Reservoir’s and Client’s
negligence respectively.

 

(d) IN NO EVENT REGARDLESS OF NEGLIGENCE
IN ANY FORM SHALL EITHER PARTY BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED
TO LOSS OF PROFITS, REVENUE, INVESTMENTS, DATA, OR USE, INCURRED BY THE OTHER PARTY, WHETHER IN AN ACTION OF CONTRACT OR TORT,
EVEN IF THE PARTY IN QUESTION HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

 

IX MISCELLANEOUS

 

9.1 Assignment and Successors. The rights
and obligations of Knowledge Reservoir and Client under this Agreement shall inure to the benefit of, and shall be binding upon,
their respective successors and assigns. Neither party, except in connection with its merger or consolidation with another corporation,
sale of substantially all its assets, or exchange or sale of substantially all its outstanding shares, may assign this Agreement
to a person or entity that is not an affiliate of the assigning party without the prior written consent of the other party. As
used herein, the term “affiliate” means a person or entity that directly, or indirectly through one or more intermediaries,
controls, or is controlled by, or under common control with, a party.

 

    	Confidential – Proprietary	Page 6	____ ____

    	 

    

 

	Knowledge Reservoir, LLC	KRXXXXX10####

 

9.2 Notice. Any notice given under this
Agreement shall be deemed delivered when delivered by hand or given by registered or certified mail addressed to the parties at
their respective addresses as identified in Exhibit B or at such other address as Client or Knowledge Reservoir may provide to
the other in writing from time to time.

 

9.3 Governing Law. This Agreement shall
be governed by and construed in accordance with the laws of the State of Texas, and is performable in Harris County, Texas.

 

9.4 Modifications. This Agreement may be
modified and any provisions may be waived only by written consent executed by both parties.

 

9.5 Arbitration. Any controversy or claim
arising out of or relating to this contract, or the breach thereof, shall be settled by arbitration, and judgment upon the award
rendered by the Arbitration(s) may be entered in any Court having jurisdiction thereof.

 

9.6 Consequential Damages. Neither party
shall be liable to the other for any consequential damages, either Party’s liability for damages hereunder shall in no event
exceed the lesser of actual damages or the amount of fees paid by Client for the relevant service.

 

9.7 Non-Solicitation. The parties agree
that during the term of the Agreement and for a period of one (1) year after termination of the Agreement, neither party shall
directly or indirectly solicit, hire, or otherwise retain as an employee or independent contractor a representative of the other
party or a former representative that is or was involved with or part of the Agreement without written permission of the other
party.

 

9.8 Property. Any facilities, equipment,
supplies, and materials provided by Knowledge Reservoir and utilized for completion of the Services under the Agreement shall remain
the sole ownership of Knowledge Reservoir.

 

9.9 Force Majeure. Failure of any Party
to timely perform any obligation under this agreement caused by governmental restrictions, labor disputes, emergency, unavailability
of Services or materials, or other causes beyond the reasonable control of the Party and which could not have been avoided by the
Party’s use of due care shall not be deemed a breach of this Agreement, and if any time period for performance is involved,
such period shall be deemed extended accordingly.

 

9.10 Third Party Claims. In no event shall
either Party be liable to the other for any indirect, incidental, special, consequential, reliance or cover damages, including
loss of profits, revenue, data or use, resulting from third-party claims or suits and each Party agrees to indemnify the other
for any of the aforementioned claims brought by a third party in action relating to this agreement. Each Party’s liability
for damages thereunder shall in no event exceed the lesser of actual damages or the amount of fees paid by Client for the relevant
service.

 

    	Confidential – Proprietary	Page 7	____ ____

    	 

    

 

	Knowledge Reservoir, LLC	KRXXXXX10####

 

9.11 Taxes Client is responsible for taxes
resulting from Client’s acceptance of the Services (including sales or use taxes, intangible taxes, and property taxes),
other than taxes based upon Knowledge Reservoir’s net income.

 

9.12 Warranties. Knowledge
reservoir hereby disclaims all warranties not specifically set forth above, including implied warranties of merchantability and
fitness for particular purpose.

 

Exhibit A - Schedule
of Rates

Effective January 1, 2011

 

	Category	 	Domestic	 	 	International	 
		 	USS/hour	 	 	US$/hour	 
	Technical Services	 	 	 	 	 	 
	Project Director	 	 	350.00	 	 	 	390.00	 
	Project Manager / Technical Specialist	 	 	300.00	 	 	 	330.00	 
	Principal Scientist / Engineer	 	 	250.00	 	 	 	275.00	 
	Senior Staff Scientist / Engineer	 	 	230.00	 	 	 	250.00	 
	Staff Scientist /Engineer	 	 	210.00	 	 	 	230.00	 
	Lead Scientist / Engineer	 	 	190.00	 	 	 	220.00	 
	Senior Scientist/ Engineer	 	 	175.00	 	 	 	200.00	 
	Scientist/ Engineer	 	 	150.00	 	 	 	175.00	 
	Senior Technician	 	 	110.00	 	 	 	130.00	 
	Technician	 	 	90.00	 	 	 	110.00	 
	Secretary	 	 	70.00	 	 	 	80.00	 
	Management Consultant Services	 	 	 	 	 	 	 	 
	Consulting Director	 	 	350.00	 	 	 	390.00	 
	Consulting Partner	 	 	330.00	 	 	 	360.00	 
	Consulting Manager	 	 	300.00	 	 	 	330.00	 
	Principal Management Consultant	 	 	250.00	 	 	 	275.00	 
	Senior Management Consultant	 	 	230.00	 	 	 	250.00	 
	Management Consultant	 	 	200.00	 	 	 	220.00	 
	Information / Systems Analyst	 	 	130.00	 	 	 	150.00	 
	IT Services	 	 	 	 	 	 	 	 
	Principal Consultant	 	 	210.00	 	 	 	230.00	 
	Senior IT Consultant	 	 	175.00	 	 	 	200.00	 
	IT Consultant	 	 	120.00	 	 	 	140.00	 

 

IT, Software and Hardware
Fees

 

	IT services and hardware fee	8% of project hours
	Project software fee	$70/hr of technical service hours

 

The above rates are subject
to change without notice.

 

    	Confidential – Proprietary	Page 8	MJF    /    IRE
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	Knowledge Reservoir, LLC	KRXXXXX10####

 

Exhibit B — Project Description

 

This Exhibit B is issued under and subject to all of the terms
and conditions of the Services Agreement dated July 8, 2011 by and between Knowledge Reservoir and Client.

 

	Points of Contact	 	Knowledge Reservoir	 	Client
	 	 	
        Knowledge Reservoir, LLC

        Attention: Dr, Ivor R. Ellul

        1800 West Loop South, Suite 1000

        Houston. Texas 77027
	 	
        EOS Petro Inc.

        Attention: Mike Finch

        2049 Century Park EAST, Suite 3670

        Los Angeles, CA 90067

 

	Services to be Performed and Results to be Achieved	As proposed in CTR # PKRXXXXX 10####.
	Project Duration	As described in CTR # PKRXXXXXIO####.
	Reports	As described in CTR # PKRXXXXX10####.
	Compensation	
        As proposed in CPR # PKRXXXXXIO####.

        See Exhibit A — Schedule of Rates

 

	Knowledge Reservoir, LLC	 	Client	 
	 	 	 	 	 
	By	/s/Ivor R. Ellul	 	By	/s/Michael Finch
	 	 	 	 	 
	Printed Name	Ivor R. Ellul	 	Printed Name 	Michael Finch
	 	 	 	 	 
	Title	Chief Executive Officer	 	Title	CEO
	 	 	 	 	 
	Date	7/12/2011	 	Date	7/12/11
	 	 	 	 	 
	EIN	20-8995007	 	 	 

 

 

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	Knowledge Reservoir, LLC	KRXXXXX10####

 

Exhibit B1 —
Project Description

 

This Exhibit B1 is
issued under and subject to all of the terms and conditions of the Services Agreement dated July 8, 2011 by and between Knowledge
Reservoir and Client.

 

	Points of Contact	 	Knowledge Reservoir	 	Client
	 	 	
        Knowledge Reservoir, LLC

        Attention: Dr, Ivor R. Ellul

        1800 West Loop South, Suite 1000

        Houston. Texas 77027
	 	
        EOS Petro Inc.

        Attention: Mike Finch

        2049 Century Park EAST, Suite 3670

        Los Angeles, CA 90067

	 	 	 	 	 

 

	Services to be Performed and Results to be Achieved	 	
        Knowledge Reservoir will assist Client in:

         

        1.    The completion of the
        Standard Application Form for Submission of Bids for Enterine into Petroleum Agreements. This will be accomplished
        in coordination with Client and will focus on Part Three Section C (Managerial and Technical Staff) and D (Details of Experience).

         

        2.    Supporting
presentations to Ghana National Petroleum Corporation (GNPC) and other entities as appropriate in Accra during the week commencing
July 17, 2011. Support will be provided by a Knowledge Reservoir executive well versed in the capabilities of the company.

	 	 	 
	 	 	 
	Project Duration	 	
        It is expected that the trip to Accra will be of three
(3) to five (5) days in duration including travel days.

	 	 	 
	 	 	 
	Reports	 	A brief trip report will be provided on the conclusion of the trip.
	 	 	 
	Compensation	 	
        •     Mantime will be charged
        at a day-rate of US$3,000 once in Accra

         

        •     Travel time to/from
        Accra will be charged at 50%

         

        •     Travel expenses will
        be billed at cost

         

        •     Client
to book (and pay) directly for travel (business class) and accommodation

	 	 	 

 

	Knowledge Reservoir, LLC	 	Client	 
	 	 	 	 	 
	By	/s/Dr. Ivor R. Ellul	 	By	/s/Michael Finch
	 	 	 	 	 
	Printed Name	Ivor R. Ellul	 	Printed Name	Michael Finch
	 	 	 	 	 
	Title	Chief Executive Officer	 	Title	CEO
	 	 	 	 	 
	Date	July 13, 2011	 	Date	7/12/11
	 	 	 	 	 
	EIN	20-8995007	 	 	 

  

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	Knowledge Reservoir, LLC	KRXXXXX10####

 

Exhibit C Success Fee Agreement

 

This Success Fee Agreement (SFA) is entered into between Knowledge
Reservoir and Client with terms agreed as follows:

 

		1.	Client has confirmed interest in seeking a bona fide operating
partner (Partner) to pursue large exploration blocks offshore Ghana. Such partnership will be established via a separate agreement
between the Partner and Client detailing the terms of reference of, and consideration for, the transaction ("Transaction).

 

		2.	Client hereby engages Knowledge Reservoir on a non-exclusive basis.
and Knowledge Reservoir accepts the engagement, to use its reasonable best efforts to introduce prospective Partners to Client
Both Knowledge Reservoir and Client agree that this agreement is bound by the terms already executed on July 11", 2011 between
the companies entitled! "Mutual Confidentiality and Non-disclosure and Non-circumvention Agreement', Knowledge Reservoir will
advise Client an a regular basis in regard to the prospective Partners that it is pursuing,

 

		3.	The terms and conditions of the Transaction will be established
solely by Client Knowledge Reservoir will not provide any broker, dealer or investment advisor services to Client or the prospective
Partners and, in connection with the Transaction, Knowledge Reservoir will not represent or negotiate on behalf of Client or any
prospective Partner. Knowledge Reservoir is not authorized to make any agreements or commitments for or on behalf of Client. Knowledge
Reservoir's role in the Transaction is simply to Introduce the parties, and to provide strategic recommendations and suggestions
related to those areas where it is determined by Client and the Partner that Knowledge Reservoirs recommendations and suggestions
would prove valuable and needed. The Agreement, however, does not preclude the engagement of Knowledge Reservoir by Client or a
Partner subsequent to the completion of the Transaction.

 

		4.	Client will pay Knowledge Reservoir a Success Fee SF') should
the Partner accept a position as the JOA-stated Operator with a material Working Interest position (Farm In) in the partnership.
Following the consummation of the agreement with the Partner, Client would pay Knowledge Reservoir the SF based on the aggregate
Transaction price established by the Farm In. Such a SF will be calculated on a tiered basis as follows:

 

	Transaction	KR Percentage	Knowledge Reservoir SF
	$15,000,000 or less		$2,250,000
	$15,000,001 to $50,000,000	15% to 10% (linear)	$2,250,001 $5,000,000
	$50,000,001 or greater	10%	 

 

Therefore, a Transaction price of US$25,000,000 would
generate a SF of (13.57% of $25,000,000) $3,392,857. For a Transaction price of $45.000,000, the SF will be (1071% of $45,000,000)
$4,821,429.

 

		5.	Client shall have no duty or obligation to accept, in whole or in part, any offer by any prospective
Partner. Client may rem, for any reason, at will and without cause, in whole or in part, any offer tendered by any prospective
Partner, No fee shall be owed to Knowledge Reservoir if an offer tendered by a prospective Partner is not accepted, or is rejected
in whole, by Client, If an offer is accepted in part only, any fee shalt be calculated with reference to the amount of the offer
actually accepted by Client, and the related consideration for the Transaction, as set forth herein. Any fee owed to Knowledge
Reservoir for each respective prospective Partner will be due and payable to Knowledge Reservoir at the closing of the Transaction
or within thirty 30j days of the closing date of the Transaction, provided, however, that if the fee is not paid in
full at the closing of the Transaction, then Client agrees to place such fee in escrow pending the expiration of such thirty (30)
day period.

  

    	Confidential – Proprietary	Page 11	MJF    /    IRE
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	Knowledge Reservoir, LLC	KRXXXXX10####

 

	Knowledge Reservoir, LLC	 	EOSPETRO, Inc.
	 	 	 	 	 
	By	/s/Dr. Ivor R. Ellul	 	By	/s/Michael Finch
	 	 	 	 	 
	Printed Name	Dr. Ivor R. Ellul	 	Printed Name	Michael Finch
	 	 	 	 	 
	Title	CEO	 	Title	CEO
	 	 	 	 	 
	Date	7/2111	 	Date	7/21/11

 

    	Confidential – Proprietary	Page 12	MJF    /    IRE
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