Document:

Exhibit
10.6

 

*The counterparty’s name has been removed and replaced with
“[*]”.

 

White
River Energy Corp,

609
West Dickson St. Suite 102G,

Fayetteville,
AR 72701

Attn.:
Mr. Jay Puchir

Chief
Executive Officer

 

December
16, 2022

Dear
Mr. Puchir:

 

This
letter agreement (this “Agreement”), when executed by the parties hereto, will memorialize our understanding and constitute
an agreement between White River Energy Corp, a Nevada corporation (collectively with its subsidiaries, the “Company”) and
[*] (“[*]”), pursuant to which the Company agrees to retain [*] and [*] agrees to be retained by the
Company under the terms and conditions set forth below:

 

		1.	The
                                            Company hereby retains [*] to provide it with financial advisory services. As compensation
                                            for the financial advisory services to be provided by [*] to the Company pursuant
                                            to this Agreement and for services previously rendered by [*], the Company shall pay
                                            to [*] or its designee 1,666,667 shares of Common Stock, par value, $0.0001 per share,
                                            of the Company (the “Shares”), subject to adjustment as described below, to be
                                            delivered to [*] or its designee(s).All Shares issuable hereunder shall be made pursuant
                                            to an equity incentive plan in place for the Company and approved by the Company’s
                                            Board of Directors. The number of Shares to be received by [*] shall be increased
                                            to the extent that as of the date a registration statement filed by the Company pursuant
                                            to this Agreement registering [*]’s or its designee’s sale of the Shares
                                            is declared effective by the Securities and Exchange Commission (the “Effective Date”),
                                            the closing price per share of the Company’s common stock as reported on the OTCQB
                                            or other trading market on which the Company’s common stock is then listed or quoted
                                            is below $1.00 per share (such price shall be proportionately adjusted for stock dividends,
                                            reverse stock splits and similar events), such that at such Effective Date of there shall
                                            be registered an additional number of shares such that the total number of registered Shares
                                            received by [*] or its designee under this Agreement shall equal the quotient obtained
                                            by dividing $1,666,666.67 by such price per share of the common stock at the Effective Date.
                                            In addition, [*] or its designee shall receive on the date ending 90 days after the
                                            Effective Date, an additional number of Shares if necessary such that [*] or its designee
                                            shall have received a number of shares equal to $1,666,666.67 divided by the price per share
                                            of the common stock 90 days after the Effective Date using the formula set forth in the preceding
                                            sentence based as of such date. The intent of this provision is that [*] or its designee
                                            shall receive a dollar amount of registered Shares at least equal to $1,666,666.67 through
                                            a date ending 90 days after the Effective Date. In addition to such Shares, [*] may
                                            receive such other fees as are mutually agreed by the parties in writing. The Company agrees
                                            to register the Shares to be delivered as designated by [*] in a registration statement
                                            to be filed by the Company within 90 days following the execution of this Agreement, or as
                                            soon thereafter as commercially reasonable at the request of [*] and to keep such
                                            registration statement effective in order that such Shares may be sold by [*] or its
                                            designees. The parties have executed a registration rights agreement, dated the date hereof,
                                            which governs the obligations of the parties with respect to the registration of the shares
                                            to be delivered as designated by [*] (the “Registration Rights Agreement”).

 

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2.
The Company shall reimburse [*] for any and all reasonable expenses incurred by [*] in the performance of its duties hereunder,
and [*] shall account for such expenses to the Company by submission of vouchers reasonably satisfactory to the Company setting
forth in reasonable detai1 the amount and reason for such cost or expense.

 

3.
All obligations of [*] contained in this Agreement shall be subject to [*]’s reasonable availability for such performance,
in view of the nature of the requested service and the amount of notice received. [*] shall devote such time and effort to the
performance of its duties hereunder as [*] shall determine is reasonably necessary for such performance. [*] may look to
such others for such factual information, investment recommendations, economic advice and/or research, upon which to base its advice
to the Company hereunder, as it shall deem appropriate. The Company shall furnish to [*] all information relevant to the performance
by [*] of its obligations under this Agreement, or particular projects as to which [*] is acting as advisor, which will
permit [*] to know all facts material to the advice to be rendered, and all materials or information reasonably requested by [*].
In the event that the Company fails or refuses to furnish any such material or information reasonably requested by [*], and
thus prevents or impedes [*]’s performance hereunder, any inability of [*] to perform shall not be a breach of its
obligations hereunder.

 

4.
Nothing contained in this Agreement shall limit or restrict the right of [*] or of any partner, affiliate, employee, agent or
representative of [*], to be a partner, director, officer, employee, agent or representative of, or to engage in, any other business,
whether or not of a similar nature to the Company’s business, nor to limit or restrict the right of [*] to render services
of any kind to any other corporation, firm, individual or association.

 

5.
Because [*] will be acting on your behalf, it is [*]’s practice to receive indemnification. A copy of [*]’s
standard indemnification provisions (the “Indemnification Provisions”) is attached to this Agreement and is incorporated
herein and made a part hereof.

 

6.
This Agreement may not be transferred, assigned or delegated by any of the parties hereto without the prior written consent of the other
party hereto; provided that [*] may assign its rights to payment to an affiliate without the prior written consent of the Company.

 

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7. The failure or neglect of the parties hereto to insist, in any one or more instances, upon
the strict performance of any of the terms or conditions of this Agreement, or their waiver of strict performance of any of the terms
or conditions of this Agreement, shall not be construed as a waiver or relinquishment in the future of such term or condition, but the
same shall continue in full force and effect.

 

8.
Any notices hereunder shall be sent to the Company and to [*] at their respective addresses. Any notice shall be given by hand
delivery, email transmission or overnight delivery or courier service, against receipt therefor, and shall be deemed to have been given
when received. Either party may designate any other address to which notice shall be given by giving written notice to the other of such
change of address in the manner herein provided.

 

9. This Agreement has been made in the State of New York and shall be construed and governed in
accordance with the laws thereof without giving effect to principles governing conflicts of law.

 

10. This Agreement contains the entire agreement between the parties as to the subject matter hereof,
may not he altered or modified, except in writing, and signed by the party to be charged thereby, and supersedes any and all previous
agreements between the parties relating to the subject matter hereof.

 

11. This Agreement shall be binding upon the parties hereto and their respective heirs, administrators,
successors and permitted assigns.

 

If
you are in agreement with the foregoing, please execute two copies of this letter in the space provided below and return them to the
undersigned.

 

	 	Yours truly,
	 	 	 
	 	[*]
    ____________
	 	 	 
	 	By:
    	
	 	Name:
    	________________
	 	Title:
    	________________

 

ACCEPTED
AND AGREED TO

AS
OF THE DATE FIRST ABOVE

WRITTEN:

 

	White River Energy Corp,	 
	 	 	 
	By:
    		 
	Name:	________________	 
	Title:
    	________________	 

 

    	3 of 4

    	 

    

 

INDEMNIFICATION
PROVISIONS

 

White
River Energy Corp , a corporation (collectively with its Subsidiaries, and future subsidiaries, the “Company”), agree to
indemnify and hold harmless [*] (“[*]”), and each of its members, officers, directors and affiliates, including without
limitation, _____________, from and against any and all losses, claims, damages, obligations, penalties, judgments, awards, liabilities,
costs, expenses and disbursements (and any and all actions, suits, proceedings and investigations in respect thereof and any and all
legal and other costs, expenses and disbursements in giving testimony or furnishing documents in response to a subpoena or otherwise
are each a “Liability”), including, without limitation, the costs, expenses and disbursements, as and when incurred, of investigating,
preparing or defending any such action, suit, proceeding or investigation (whether or not in connection with litigation in which [*]
is a party), directly or indirectly, relating to, based upon, arising out of, or in connection with, its acting for the Company under
the Agreement, dated as of December , 2022 between the Company and [*] to which these indemnification provisions are attached
and form a part (the “Agreement”), except to the extent that any such Liability is found in a final judgment by a court of
competent jurisdiction (not subject to further appeal) to have resulted primarily and directly from [*]’ gross negligence
or willful misconduct. The Company also agrees that [*] shall not have any liability (whether direct or indirect, in contract
or tort or otherwise) to the Company for or in connection with the engagement of [*], except to the extent that any such liability
is found in a final judgment by a court of competent jurisdiction (not subject to further appeal) to have resulted primarily and directly
from [*]’s gross negligence or willful misconduct.

 

The
indemnification provisions contained herein shall be in addition to any liability which the Company may otherwise have to [*]
or the persons identified below in this sentence and shall extend to the following: [*], its affiliated entities, partners, employees,
legal counsel, agents and controlling persons (within the meaning of the federal securities laws), and the officers, directors, employees,
legal counsel, agents and controlling persons of any of them. All references to [*] in these indemnification provisions shall
be understood to include any and all of the foregoing.

 

If
any action, suit, proceeding or investigation is commenced, as to which [*] proposes to demand indemnification, it shall notify
the Company with reasonable promptness (but any failure by [*] to notify the Company shall not relieve the Company from its obligations
hereunder except to the extent the Company is damaged by such failure); and the Company shall promptly assume the defense of such action,
suit, proceeding or investigation, including the employment of counsel (reasonably satisfactory to [*]) and payment of fees and
expenses. Notwithstanding the foregoing sentence, [*] shall have the right to retain counsel of its own choice to represent it
and such counsel shall, to the extent consistent with its professional responsibilities, cooperate with the Company and any counsel designated
by the Company, but the fees and expenses of such counsel employed by [*] shall be at the expense of [*] unless (i) the
employment of such counsel shall have been authorized in writing by the Company in connection with the defense of such action, (ii) the
Company shall not have promptly employed counsel reasonably satisfactory to [*], or (iii) counsel appointed to represent [*]
shall have reasonably concluded that there is a conflict of interest that precludes such counsel from representing the Company or
its affiliates and [*] and its affiliates, in such event such fees and expenses shall be borne by the Company and the Company
shall not have the right to direct the defense of such action on behalf of [*]. The Company shall be liable for any settlement
of any claim against [*] made with the Company’s written consent, which consent shall not be unreasonably withheld. The
Company shall not, without the prior written consent of [*], settle or compromise any claim, or permit a default or consent to
the entry of any judgment in respect thereof, unless such settlement, compromise or consent includes, as unconditional term thereof,
the giving by the c1aimant to [*] of an unconditional release from all liability in respect of such claim.

 

In
order to provide for just and equitable contribution, if a claim for indemnification pursuant to these indemnification provisions is
made but it is found in a final judgment by a court of competent jurisdiction (not subject to further appeal) that such indemnification
may not be enforced in such case, even though the express provisions hereof provide for indemnification in such case, then the Company,
on the one hand, and [*], on the other hand, shall contribute to the losses, claims, damages, obligations, penalties, judgments,
awards, liabilities, costs, expenses, and disbursements to which the indemnified persons may be subject in accordance with the relative
benefits received by the Company, on the one hand, and [*], on the other hand, and also the relative fault of the Company, on
the one hand, and [*], on the other hand, in connection with the statements, acts or omissions which resulted in such losses,
claims, damages, obligations, penalties, judgments, awards, liabilities, costs, expenses or disbursements and all relevant equitable
considerations shall also be considered. No person found liable for a fraudulent misrepresentation shall be entitled to contribution
from any person who is also found liable for such fraudulent misrepresentation. Notwithstanding the foregoing, [*] shall not be
obligated to contribute any amount hereunder that exceeds the amount of fees previously received by [*]
pursuant to the Agreement.

 

Neither
termination nor completion of the engagement of [*] referred to above shall affect these indemnification provisions which shall
then remain operative and in full force and effect.

 

    	4 of 4Exhibit
10.7

 

REGISTRATION
RIGHTS AGREEMENT

 

THIS
REGISTRATION RIGHTS AGREEMENT (“Agreement”) is entered into as of the 16th day of December, 2022 by and among White River
Energy Corp, a Nevada corporation (the “Company”) and ___________ (the “Investor”).

 

WHEREAS,
the Company has agreed to provide certain registration rights to the Investor in order to induce the Investor to enter into that certain
Consulting Agreement dated the date of this Agreement (the “Consulting Agreement”).

 

Now,
therefore, in consideration of the mutual promises and the covenants as set forth herein, the parties hereto hereby agree as follows:

 

1. Definitions.
Unless the context otherwise requires, the capitalized words and terms defined in this Section 1 shall have the meanings herein specified
for all purposes of this Agreement, applicable to both the singular and plural forms of any of the terms herein defined. Capitalized
terms used and not otherwise defined herein shall; have the meanings ascribed to them under the Consulting Agreement.

 

“Agreed
Value” means $ 1,666,666.67.

 

“Agreement”
means this Registration Rights Agreement, as the same may be amended, modified or supplemented in accordance with the terms hereof.

 

“Board”
means the Board of Directors of the Company.

 

“Common
Stock” means the Company’s authorized common stock, as constituted on the date of this Agreement, any stock into which
such Common Stock may thereafter be changed and any stock of the Company of any other class, which is not preferred as to dividends or
assets over any other class of stock of the Company and which is not subject to redemption, issued to the holders of shares of such Common
Stock upon any re-classification thereof.

 

“Commission”
means the Securities and Exchange Commission or any other governmental body at the time administering the Securities Act.

 

“Company”
has the meaning assigned to it in the introductory paragraph of this Agreement.

 

“Company
Securities” has the meaning any securities proposed to be sold by the Company for its own account in a registered public offering.

 

“Effective
Date” has the meaning assigned to it in Section 3(a) of this Agreement.

 

“Event”
has the meaning assigned to it in Section 2(b) of this Agreement.

 

“Event
Date” has the meaning assigned to it in Section 2(b) of this Agreement.

 

    	1

    	 

    

 

“Exchange
Act” means the Securities Exchange Act of 1934 (or successor statute).

 

“Excluded
Forms” means registration statements under the Securities Act on Forms S-4 and S-8, or any successors thereto.

 

“Fair
Market Value” shall mean: (i) if the principal trading market for such securities is a national securities exchange or the
OTCQB (or a similar system then in use), the last reported sales price on the principal market on the Event Date or if the Event Date
is not a trading day, the trading day immediately prior to such an Event Date; or (ii) if (i) is not applicable, and if bid and ask prices
for shares of Common Stock are reported by the principal trading market or the Pink Open Market , the average of the high bid and low
ask prices so reported on the Event Date or if the Event Date is not a trading day on the trading day immediately prior to such Event
Date. Notwithstanding the foregoing, if there is no last reported sales price or bid and ask prices, as the case may be, for the day
in question, then Fair Market Value shall be determined as of the latest day prior to such day for which such last reported sales price
or bid and ask prices, as the case may be, are available, unless such securities have not been traded on an exchange or in the over-the-counter
market for 30 or more days immediately prior to the day in question, in which case the Fair Market Value shall be determined in good
faith by, and reflected in a formal resolution of, the board of directors of the Company.

 

“Filing
Date” has the meaning assigned to it in Section 2(a) of this Agreement.

 

“Investor”
has the meaning assigned to it in the introductory paragraph of this Agreement.

 

“Non-Registered
Shares” has the meaning assigned to it in Section 2(b) of this Agreement.

 

“Person”
includes any natural person, corporation, trust, association, company, partnership, joint venture, limited liability company and other
entity and any government, governmental agency, instrumentality or political subdivision.

 

“PIPE
Registration Statement” means the registration statement on Form S-1 filed by Company with the Commission on December 7, 2022
(File No. 333-268707), as may be amended from time-to-time, which relates to the spin-off by Ecoark Holdings Inc. of the Company’s
common stock and the resale of shares of common stock by certain selling stockholders underlying the Company’s Series C Convertible
Preferred Stock and shares of common stock issuable by the Company upon the exercise of certain warrants.

 

The
terms “register” “registered” and “registration” refer to a registration effected
by preparing and filing a registration statement on other than any of the Excluded Forms in compliance with the Securities Act, and the
declaration or ordering of the effectiveness of such registration statement.

 

“Registrable
Securities” means the Shares issuable to the Investor pursuant the Consulting Agreement and (ii) any securities of the Company
issued with respect to such Common Stock by way of a stock dividend or stock split or in connection with a combination, recapitalization,
share exchange, consolidation or other reorganization of the Company.

 

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“Registration
Statement” means any registration statement filed by the Company pursuant to this Agreement.

 

“Rule
144” is defined in Section 9 of this Agreement.

 

“Selling
Expenses” means all selling commissions, finder’s fees and stock transfer taxes applicable to the Registrable Securities
registered by the Investor and all fees and disbursements of counsel for the Investor.

 

“SEC
Guidance” has the meaning assigned to it in Section 2(b) of this Agreement.

 

“Securities
Act” means the Securities Act of 1933 (or successor statute).

 

“Trading
Day” means a day on which the principal Trading Market is open for trading.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date
in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York
Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).

 

2. Required
Registration.

 

(a) On
or about January 31, 2023 (as may be adjusted pursuant hereto, the “Filing Date”), the Company shall file with the Commission
a Registration Statement on Form S-1 or such other form as may be appropriate in order to permit the Investor to publicly sell the Registrable
Securities, provided however that notwithstanding anything herein to the contrary, the number of Shares the Company is required to register
under this Agreement and the timing of such registration, and the liquidated damages pursuant to Section 2(d), shall not apply
if and to the extent that the Commission or any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted
to be registered on a particular Registration Statement (including as a result of the PIPE Registration Statement). In the event the
Company amends a Registration Statement in accordance with the foregoing to reduce the number of Registrable Securities registered for
resale thereunder, the Company will use its commercially reasonable efforts to file with the Commission, as promptly as allowed by SEC
Guidance provided to the Company or available to registrants of securities in general, one or more Registration Statements for the Investor’s
resale of those Registrable Securities that were not registered for resale on such Registration Statement. With respect to any Registrable
Securities not included in a Registration Statement pursuant to this Section 2(a), the term “Filing Date” shall be construed
to mean the earliest practical date on which the Company is permitted by SEC Guidance to file an additional Registration Statement related
to those Registrable Securities. Notwithstanding anything herein to the contrary, the Company may, but shall not be required to, include
some or all of the Registrable Securities in the PIPE Registration Statement, if and to the extent permitted by SEC Guidance and the
definitive agreements entered into in connection with the PIPE Registration Statement, forms of which were publicly filed by the Company
with the Commission as exhibits to the PIPE Registration Statement.

 

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(b) If:
(i) the Registration Statement is not filed on or prior to the Filing Date; or (ii) the Company fails to cause the Registration Statement
to be declared effective by the Effective Date (any such failure or breach being referred to as an “Event,” and the date
on which such Event occurs being referred to as the “Event Date”), then, until the applicable Event is cured, the Company
shall pay to the Investor, in cash, or in Common Stock at Fair Market Value at the Company’s option, as liquidated damages and
not as a penalty, an amount equal to 1.0% of the Agreed Value for each 30 day period (prorated for partial periods), up to a maximum
of 6%, during which such Event continues uncured. While such Event continues, such liquidated damages shall be paid not less often than
every 30 days. Any unpaid liquidated damages as of the date when an Event has been cured by the Company shall be paid within seven Trading
Days following the date on which such Event has been cured by the Company. Notwithstanding anything herein to the contrary, to the extent
that the registration of any or all of the Registrable Securities by the Company on a Registration Statement is prohibited (the “Non-Registered
Shares”) as a result of rules, regulations, or publicly-available written or oral guidance, positions or releases issued or actions
taken by the Commission (including its Division of Corporation Finance or any other part of its staff) including pursuant to its authority
with respect to Rule 415 (or successor rule) (“SEC Guidance”) and the Company has registered at such time the maximum number
of Registrable Securities permissible upon consultation with the Commission (including its Division of Corporation Finance or any other
part of its staff), then the liquidated damages described in this Section 2(b) shall not be applicable to such Non-Registered Shares.

 

3. Obligations
of the Company. If and whenever the Company is required by the provisions hereof to effect or cause the registration of any Registrable
Securities under the Securities Act as provided herein, the Company shall:

 

(a) use
commercially reasonable efforts to prepare and file with the Commission a Registration Statement with respect to such Registrable Securities
and use commercially reasonable efforts to cause such Registration Statement to become effective within 10 days of the date of this Agreement;

 

(b) use
commercially reasonable efforts to prepare and file with the Commission such amendments to such Registration Statement (including post-effective
amendments) and supplements to the prospectus included therein as may be necessary to keep such Registration Statement effective, subject
to the qualifications in Section 4(a), and to comply with the provisions of the Securities Act with respect to the sale or other disposition
of all Registrable Securities covered by such Registration Statement during such period in accordance with the intended methods of disposition
by the Investor set forth in such Registration Statement;

 

(c) furnish
to the Investor such number of copies of such Registration Statement and of each such amendment and supplement thereto (in each case
including all exhibits), such number of copies of the prospectus included in such Registration Statement (including each preliminary
prospectus), in conformity with the requirements of the Securities Act, and such other documents, as each Investor may reasonably request,
in order to facilitate the public sale or other disposition of the Registrable Securities owned by the Investor;

 

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(d) use
all commercially reasonable efforts to make such filings under the securities or blue sky laws of New York to enable the Investor to
consummate the sale in such jurisdiction of the Registrable Securities owned by the Investor;

 

(e) notify
the Investor at any time when a prospectus relating to their Registrable Securities is required to be delivered under the Securities
Act, of the Company’s becoming aware that the prospectus included in the related Registration Statement, as then in effect, includes
an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
therein not misleading in light of the circumstances then existing, and promptly prepare and furnish to the Investor a reasonable number
of copies of a prospectus supplemented or amended so that, as thereafter delivered to the purchasers of such Registrable Securities,
such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein
or necessary to make the statements therein not misleading in the light of the circumstances then existing;

 

(f) otherwise
use commercially reasonable efforts to comply with all applicable rules and regulations of the Commission;

 

(g) to
use commercially reasonable efforts to cause Registrable Securities to be quoted on each trading market and/or in each quotation service
on which the Common Stock of the Company is then quoted; and

 

(h) notify
the Investor of any stop order threatened or issued by the Commission and take all actions reasonably necessary to prevent the entry
of such stop order or to remove it if entered.

 

4. Other
Procedures.

 

(a)
Subject to the remaining provisions of this Section 4(a) and the Company’s general obligation to use commercially reasonable efforts
under Section 3, and subject further to SEC Guidance, the Company shall be required to maintain the effectiveness of a Registration Statement
from the Effective Date until the earlier of (i) the sale of all Registrable Securities, or (ii) one year from the date of this Agreement.
Provided, however, that the Company shall not be required to file any post-effective amendment to any Registration Statement
or file any prospectus supplement under Rule 424(b)(3) of the Securities Act beginning six months from the date of this Agreement unless
and until the Company fails to file with the Commission a Form 10-Q or Form 10-K within the time required by the rules of the Commission
including Rule 12b-25 (or any successor rule). The Company shall have no liability to the Investor for delays in the Investor being able
to sell the Registrable Securities (i) as long as the Company uses commercially reasonable efforts to file a Registration Statement,
amendments to a Registration Statement, post-effective amendments to a Registration Statement or supplements to a prospectus contained
in a registration statement (including any amendment or post effective amendments), (ii) where the required financial statements or auditor’s
consents are unavailable or (iii) where the Company would be required to disclose information at a time when it has no duty to disclose
such information under the Securities Act, the Exchange Act, or the rules and regulations of the Commission.

 

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(b) In
consideration of the Company’s obligations under this Agreement, the Investor agrees that, upon receipt of any notice from the
Company of the happening of any event of the kind described in Section 3(e) herein, the Investor shall forthwith discontinue his sale
of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Investor’s receipt
of the copies of the supplemented or amended prospectus contemplated by said Section 3(e) and, if so directed by the Company, shall deliver
to the Company (at the Company’s expense) all copies, other than permanent file copies, then in the Investor’s possession
of the prospectus covering such Registrable Securities current at the time of receipt of such notice.

 

(c)
The Company’s obligation to file any Registration Statement or amendment including a post-effective amendment, shall be subject
to each Investor, as applicable, furnishing to the Company in writing such information and documents regarding such Investor and the
distribution of such Investor’s Registrable Securities as may reasonably be required to be disclosed in the Registration Statement
in question by the rules and regulations under the Securities Act or under any other applicable securities or blue sky laws of the jurisdiction
referred to in Section 3(d) herein. The Company’s obligations are also subject to each Investor promptly executing any representation
letter concerning compliance with Regulation M under the Exchange Act (or any successor rule or regulation). If any Investor fails to
provide all of the information required by this Section 4(c), the Company shall have no obligation to include his Registrable Securities
in a Registration Statement or it may withdraw such Investor’s Registrable Securities from the Registration Statement without incurring
any penalty or otherwise incurring liability to such Investors.

 

(d) If
any such Registration Statement refers to the Investor by name or otherwise as a stockholder of the Company, but such reference to the
Investor by name or otherwise is not required by the Securities Act, the rules thereunder or SEC Guidance, then the Investor shall have
the right to require the deletion of the reference to the Investor, as may be applicable.

 

(e) In
connection with the sale of Registrable Securities, the Investor shall deliver to each purchaser a copy of any necessary prospectus and,
if applicable, prospectus supplement, within the time required by Section 5(b) of the Securities Act.

 

(f) If
the Registrable Securities are eligible for sale under Rule 144, the Investor shall sell the Registrable Securities under Rule 144 rather
than the Registration Statement.

 

5. Registration
Expenses. In connection with any registration of Registrable Securities pursuant to Section 2,
the Company shall, whether or not any such registration shall become effective, from time to time, pay all expenses (other than Selling
Expenses) incident to its performance of or compliance, including, without limitation, all registration, and filing fees, fees and expenses
of compliance with securities or blue sky laws, word processing, printing and copying expenses, messenger and delivery expenses, fees
and disbursements of counsel for the Company and all independent public accountants and other Persons retained by the Company.

 

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6. Reserved.

 

7. Certain
Limitations on Registration Rights. If, at any time prior to the effectiveness of any Registration Statement filed pursuant
to this Agreement, if the Company determines to file a Registration Statement with the Commission for the public sale of its securities
and the managing underwriter of such offering offers to purchase the Registrable Securities for its own account at the same price including
underwriting discounts and applicable expenses as paid to the Company, the Investor shall either (i) elect to include its Registrable
Securities being registered pursuant to this Agreement in the Registration Statement covering the sale of the Company’s securities,
or (ii) immediately cease its public sales for a period of 90 days following the effective date of the Registration Statement covering
the sale by the Company. Additionally, no Investor may participate in the Registration Statement relating to the sale by the Company
of its Common Stock as provided above unless such Investor enters into an underwriting agreement with the managing underwriter and completes
and/or executes all questionnaires, indemnities and other reasonable documents requested by the managing underwriter. The Investor shall
be deemed to have agreed by acquisition of its Registrable Securities not to effect any public sale or distribution, including any sale
pursuant to Rule 144 under the Securities Act, of any Registrable Securities and to use its best efforts not to effect any such public
sale or distribution of any other equity security of the Company (including any short sale) or of any security convertible into or exchangeable
or exercisable for any equity security of the Company (other than as part of such underwritten public offering) within 10 days before
or 90 days after the effective date of such Registration Statement. In such event, the Investor shall, if requested, sign a customary
market stand-off letter with the Company’s managing underwriter, and to comply with applicable rules and regulations of the Commission.

 

8. Allocation
of Securities Included in Registration Statement. In the case of a registration pursuant to Section 7 for the Company’s
account, if the Company’s managing underwriter shall advise the Company and the Investor in writing that the inclusion in any registration
pursuant hereto of some or all of (a) the Registrable Securities sought to be registered by the Investor and securities offered by other
holders, and (b) the Company’s securities sought to be registered creates a substantial risk that the proceeds or price per unit
that will be derived from such registration will be reduced or that the number of securities to be registered is too large a number to
be reasonably sold, (i) first, the number of Company securities sought to be registered shall be included in such registration, and (ii)
next, the number of Registrable Securities offered by the Investor and securities offered by other holders shall be included in such
registration to the extent permitted by the Company’s managing underwriter with the number of Registrable Securities and such other
securities being registered determined on a pro-rata basis based on the number of Registrable Securities and securities the participating
holders including the Investor desire to have registered; provided, however, that, if the Investor would be required pursuant
to the provisions of this Section 7 to reduce the number of Registrable Securities that he may include in such registration, the Investor
may withdraw all or any portion of its Registrable Securities from such registration and may resume selling shares under the Registration
Statement (assuming it is effective) referred to in Section 2 after the 90-day lock-up period.

 

    	7

    	 

    

 

9. Rule
144. For one year from the date of this Agreement, the Company covenants that it will file the reports required to be filed under
the Exchange Act and the rules and regulations adopted by the Commission thereunder (or, in the event that the Company is not required
to file such reports, it will make publicly available information as set forth in Rule 144(c)(2) promulgated under the Securities Act),
and it will take such further action as the Investor may reasonably request, or to the extent required from time to time to enable the
Investor to sell their Registrable Securities without registration under the Securities Act within the limitation of the exemption provided
by (a) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter
adopted by the Commission (collectively, “Rule 144”). Upon request of the Investor, the Company will deliver to the Investor
a written statement as to whether it has complied with such requirements.

 

10. Severability.
In the event any parts of this Agreement are found to be void, the remaining provisions of this Agreement shall nevertheless be binding
with the same effect as though the void parts were deleted.

 

11. Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall
constitute one and the same instrument. The execution of this Agreement may be by actual or facsimile signature.

 

12. Benefit.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their legal representatives, successors and assigns.

 

13. Notices
and Addresses. All notices, offers, acceptance and any other acts under this Agreement (except payment) shall be in writing,
and shall be sufficiently given if delivered to the addressees in person, by Federal Express or similar overnight next business day delivery,
or by email delivery followed by overnight next business day delivery, as follows:

 

	 	To
    the Company:	White
    River Energy Corp,
	 	 	609 West Dickson St. Suite 102G,
	 	 	Fayetteville, AR 72701
	 	 	Attention: Jay Puchir
	 	 	Email: jpuchir@white-river.com
	 	 	 
	 	With
    a Copy to:	Michael
    D. Harris, Esq.
	 	 	Nason,
    Yeager, Gerson, Harris & Fumero, P.A.
	 	 	3001 PGA Boulevard, Suite 305
	 	 	Palm
    Beach Gardens, FL 33410
	 	 	Telephone:
    (561) 686-3307
	 	 	Email:
    mharris@nasonyeager.com
	 	 	 
	To the Investor:	At
    the address on the signature page

 

or
to such other address as any of them, by notice to the other may designate from time to time. Time shall be counted from the date of
transmission.

 

    	8

    	 

    

 

14. Attorneys’
Fees. In the event that there is any controversy or claim arising out of or relating to this Agreement, or to the interpretation,
breach or enforcement thereof, and any action or proceeding relating to this Agreement is filed, the prevailing party shall be entitled
to an award by the court of reasonable attorneys’ fees, costs and expenses.

 

15. Oral
Evidence. This Agreement constitutes the entire Agreement between the parties and supersedes all prior oral and written agreements
between the parties hereto with respect to the subject matter hereof. Neither this Agreement nor any provision hereof may be changed,
waived, discharged or terminated orally, except by a statement in writing signed by the party or parties against which enforcement or
the change, waiver discharge or termination is sought.

 

16. Additional
Documents. The parties hereto shall execute such additional instruments as may be reasonably required by their counsel in order
to carry out the purpose and intent of this Agreement and to fulfill the obligations of the parties hereunder.

 

17. Governing
Law. This Agreement and any dispute, disagreement, or issue of construction or interpretation arising hereunder whether relating
to its execution, its validity, the obligations provided herein or performance shall be governed or interpreted according to the internal
laws of the State of New York.

 

18. Reserved.

 

19. Section
or Paragraph Headings. Section headings herein have been inserted for reference only and shall not be deemed to limit or otherwise
affect, in any matter, or be deemed to interpret in whole or in part any of the terms or provisions of this Agreement.

 

20. Force
Majeure. The Company shall be excused from any delay in performance or for non-performance of any of the terms and conditions
of this Agreement caused by any circumstances beyond its control, including, but not limited to, any Act of God, fire, flood, or government
regulation, direction or request, or accident, interruption of telecommunications facilities, pandemic, labor dispute, unavoidable breakdown,
civil unrest or disruption to the extent that any such circumstances affect the Company’s ability to perform its obligations under
this Agreement or the ability of the Commission to perform its responsibilities under the Securities Act.

 

    	9

    	 

    

 

IN
WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed personally or by a duly authorized representative
thereof as of the day and year first above written.

 

	 	THE COMPANY:
	 	 	 
	 	WHITE RIVER ENERGY CORP
	 	 	 
	 	By:	             
	 	 	
	 	 	

 

	 	INVESTOR:
	 	 
	 	[*]
    ______________________
	 	 
	 	
	 	Signature
	 	 
	 	
	 	Printed
    Name of Investor
	 	 
	 	
	 	Title
    of Authorized Signatory if Investor
	 	is
    a corporation or other entity
	 	 
	 	 
	 	Signature
    of spouse or co-owner, if any

 

	 	 	 
	 	 	 
	 	Address
    of Investor

 

    	10

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