Document:

EXHIBIT 10.3

                              CONSULTING AGREEMENT

     AGREEMENT  made as of this 1st day of September  2012 by and between  Three
Forks, Inc. the ("Company"),  located at 555 Eldorado Blvd Broomfield,  Colorado
and W. Edward  Nichols,  located at 8950 Scenic  Pine Dr. (the  "Consultant"  or
"Nichols").

     WHEREAS, Nichols is Chairman of the Board of Directors of the Company; and,

     WHEREAS,  Nichols is licensed to practice  law in the State of Colorado and
is member of the American Bar Association, and;

     WHEREAS,  the Company desires  professional  guidance and advice  regarding
financing,  management,  legal,  oil and gas  acquisitions  and general business
advice and desires Consultant to aid it in business matters; and

     WHEREAS,  Consultant has expertise in the area of corporate structure,  oil
and gas been Agreement;

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

1.   DUTIES, SCOPE OF AGREEMENT, AND RELATIONSHIP OF THE PARTIES

     (a) The  company  hereby  agrees to  retain  Consultant  as in house  legal
counsel  and  advisor  and  consultant  on  business  matters,  consistent  with
Consultant's  expertise and ability,  and Consultant  agrees to consult with the
Company  during  the  term  of  this  Agreement.  All  parties  understand  that
Consultant has many other business  interests and will devote as much time as in
its  discretion  as  necessary to perform its duties  under this  Agreement.  In
addition,  the company  understands that  consultant's  efforts on behalf of his
other  interests  are the  sole  and  separate  property  of  Consultant.  It is
acknowledged  that Consultant has been providing the Company with  approximately
35 hours per week of services.

     (b) The services  rendered by  consultant  to the company  pursuant to this
Agreement  shall be as an  independent  contractor,  and this Agreement does not
make Consultant the employee,  agent, or legal representative of the Company for
any purpose  whatsoever,  including  without  limitation,  participation  in any
benefits or  privileges  given or extended by the Company to its  employees.  No
right or  authority  is  granted  to  Consultant  to  assume  or to  create  any
obligation or responsibility, express or implied, on behalf of or in the name of
the  company,  except as may be set forth  herein or in his capacity as a member
and  Chairman of the Board of  Directors.  The company  shall not  withhold  for
Consultant  any federal or state taxes from the amounts to be paid to consultant
hereunder, and Consultant agrees that he will pay all taxes due on such amounts.

     (c)  Consultant  agrees to make  available to Company his  services,  which
include  legal,   strategic  planning,   assistance  in  business   development,
assistance in the  acquisition of oil and gas  properties,  management,  and the

<PAGE>
                                  EXHIBIT 10.3

structuring of new debt and equity offerings.  Consultant shall provide planning
for and other advisory  services as the Company may  specifically  request.  (d)
Nichols  shall also  perform the  services as Chairman of the Board of Directors
and as a member of the audit committee.

2.   TERM. This Agreement shall be for a term of 2 years.

3.   COMPENSATION.

     (a) Company agrees to pay Consultant no less than a Base Fee of $120,000.00
per year.

     In  addition  to the Base  Salary,  Consultant  shall be paid a monthly car
allowance of six hundred  dollars.  Consultant  shall be paid an annual bonus of
one half of one  percent of the net asset  increases  over the prior  year.  The
basis of the  calculation  shall be the net  assets  as  listed  in the  company
financials  and  shall  be paid  every  six  months  within  30 days  after  the
accounting  for the  applicable  period has been  completed.  The first  payment
period will be for the period of September 1, 2012 through February 2013.

     (b).  BENEFITS.  At its cost,  Company shall  reimburse  Consultant for the
costs of medical  health  insurance,  dental and  vision  insurance,  disability
income  insurances  and other such benefits at the level afforded the same level
executives  and  consultants  of the  Company.  Consultant  shall be entitled to
participate in any Incentive Stock Option plan.

     (c) Consultant  shall be entitled to four (4) weeks of paid vacation & sick
leave  beginning  the 1st and ending after the last  calendar year of engagement
and for each calendar year during the term of this Agreement.  Vacation shall be
at a mutually agreed upon time, such agreement not to be unreasonably  withheld.
Said  vacation and sick leave shall be fully earned the first and last  calendar
years of engagement.

     (d)  BUSINESS  EXPENSES.   Company  shall  reimburse   Consultant  for  all
reasonable and necessary  business  expenses incurred by him in carrying out his
duties under this  Consulting  Agreement  so long as such  expenses are properly
documented in accordance with the Company's policies for expense reimbursement.

     (e) COMPANY  RESOURCES.  As a matter of  convenience,  Consultant will have
limited  use  of   Company's   resources   for  personal   purposes,   including
long-distance telephone, copy machine,  vehicles, staff and such other resources
as the parties may agree.  Company will  reimburse  Consultant for the cost of a
mobile phone,  and shall furnish  Consultant a personal  computer for office and
home use, and such other  equipment as the parties may agree in accordance  with
the Company's usual practice.  Upon  termination or expiration of this Agreement
the Consultant may retain the personal computer.

     (f) OTHER  SOURCES OF  INCOME/EARNINGS.  The Company  understands  that the
Consultant  has other  sources of income and  earning  through  consultancy,  or
positions in associations,  companies, enterprises or ventures where the Company
had or has an existing relationship;  and that these relationships will continue
and  that  new  and  additional  relationships  and  sources  of  income  may be
established  in the future.  The Company  agrees  that these  relationships  and
sources of income may continue as long as the Consultant fulfills his duties and
responsibilities  and as long as the Consultant hereby warrants that there is no

                                       2
<PAGE>
                                  EXHIBIT 10.3

current  relationship  that  constitutes  even the  perception  of a conflict of
interest or that would  preclude the Consultant  from the  fulfillment of duties
and responsibilities.

4.   TERMINATION. The following shall apply:

     (a). Death. In the event of Consultant's death during this Agreement,  this
Agreement and the Consultants duties shall terminate.

     (b).  Illness  or  Incapacity.  If,  during  any  term of  this  Agreement,
Consultant  shall  become  unable to perform  his duties by reason of illness or
incapacity,  then Company, may, at its option, terminate this Agreement. In such
event,  the  notice  period  shall be not less than the  applicable  elimination
period  in any  employee  disability  plan of the  Company  in which  Consultant
participates. It is agreed that the determination of illness or incapacity shall
be made upon the basis of qualified  medical  evidence and if, during the notice
period,  Consultant  returns to work and is capable of carrying  out his duties,
then Company's right to terminate for illness or incapacity is suspended.

     (c) For Cause.  Upon  thirty  (30) days  written  notice,  the  Consultants
engagement  hereunder may be terminated without further liability on the part of
the Company for Cause. Only the following shall constitute "Cause" for such:

          (i) Conviction of a felony,  a crime or moral  turpitude or commission
     of an act of embezzlement or fraud against the Company or any subsidiary or
     affiliate thereof:

          (ii) Deliberate  dishonesty of the Consultant  resulting in damages to
     the Company or any subsidiary or affiliate thereof;

          (iii) Dereliction of duty, misfeasance or malfeasance. In the event of
     a  termination  for  cause the  Consultant  shall  not be  entitled  to the
     benefits of any bonus for the period preceding the termination nor will the
     company be required to repurchase any of the shares owned by the Consultant
     as hereinafter provided.

     (d)  Termination  at will by the Company.  The Company may  terminate  this
agreement  at will  upon 60 days  written  notice.  In the  Company  decides  to
terminate  this  agreement  the company  shall  repurchase  fifty percent of the
Consultants  shares up to one million  shares at a price equal to ninety percent
of the  average  trading  price  over  the  60  days  preceding  the  notice  of
termination.  The Company shall pay fifty percent of the repurchase within price
within 30 days of termination and the balance within 60 additional days.

     (e) Resignation by Consultant. The Consultant may resign and terminate this
agreement on 60 days  written  notice and he shall not be required to render any
further services to the Company.

     (f) Set-Off.  The Company  shall not be entitled to any set off against any
cash compensation to be provided to the Company under this Agreement, or any and
all  compensation  received  by  the  Consultant  while  he was  also  receiving
compensation  from any other Company,  unless a Conflict of Interest arises.  In
such case the  Consultant  shall  inform the Company of any such amounts of cash

                                       3
<PAGE>
                                  EXHIBIT 10.3

compensation  pertaining  to the  conflict of interest  and shall  refund to the
Company  any  related  amounts  paid by the  Company.  It is  acknowledged  that
Consultant is also a director of Bakken Resources Inc.

     Should Consultant  terminate this with or without Good Reason, he agrees to
assist  Company  for a period of time not less than thirty (30) days in order to
effect a smooth transition, unless otherwise requested by Company.

5.   EXPENSES

     The Company shall  reimburse  Consultant  for all  reasonable and necessary
expenses  incurred  by him in  carrying  out its duties  under  this  Agreement.
Consultant shall submit related receipts and documentation  with his request for
reimbursement.

6.   RENEWAL; TERMINATION

     (a) This Agreement shall continue in effect until terminated by the parties
or its expiration date.

     (b) Subject to the  continuing  obligations  of Consultant  under Section 7
below,  either party may terminate this Agreement at any time if the other party
shall fail to fulfill any material obligation under this Agreement and shall not
have cured the breach within 10 days after having received notice thereof.

     (c)  Termination or expiration of this  Agreement  shall not extinguish any
rights of compensation that shall accrue prior to the termination.

7.   CONFIDENTIAL INFORMATION

     (a)   "Confidential   Information,"  as  used  in  this  Section  7,  means
information  that is not generally  known and that is proprietary to the Company
or that the  Consulant is obligated to treat as  proprietary.  This  information
includes, without limitation:

          (i) Trade  secret  information  about the Company and its  products or
     assets;

          (ii) Information  concerning the Company's business as the Company has
     conducted it since the Company's  incorporation  or as it may conduct it in
     the future; and

          (iii) Information  concerning any of the Company's past,  current,  or
     possible future products,  including (without limitation) information about
     the   Company's    research,    development,    engineering,    purchasing,
     manufacturing, accounting, marketing, selling, or leasing efforts.

                                       4
<PAGE>
                                  EXHIBIT 10.3

     (b) Any  information  that  Consultant  reasonably  considers  Confidential
Information,  or that the Company treats as  Confidential  Information,  will be
presumed to be Confidential Information (whether Consultant or others originated
it and regardless of how it obtained it).

     (c) Except as required in its duties to the Company, Consultant will never,
either during or after the term of this Agreement,  use or disclose confidential
Information to any person not authorized by the Company to receive it.

     (d) If this Agreement is terminated,  Consultant will promptly turn over to
the Company all records and any compositions,  articles,  devices, apparatus and
other  items  that  disclose,  describe,  or  embody  Confidential  Information,
including  all  copies,   reproductions,   and  specimens  of  the  Confidential
Information  in its  possession,  regardless of who prepared them. The rights of
the  Company  set forth in this  Section 7 are in  addition to any rights of the
Company with respect to protection of trade secrets or confidential  information
arising  out of the common or  statutory  laws of the State of  Colorado  or any
other  state or any country  wherein  Consultant  may from time to time  perform
services  pursuant  to  this  Agreement.   This  Section  7  shall  survive  the
termination or expiration of this Agreement.

8.   FALSE OR MISLEADING INFORMATION

     The  Company  warrants  that  it  will  provide  Consultant  with  accurate
financial,  corporate,  and other data required by Consultant  and necessary for
full  disclosure  of all facts  relevant to any efforts  required of  Consultant
under this Agreement. Such information shall be furnished promptly upon request.
If the Company fails to provide such information, or if any information provided
by the Company to  Consultant  shall be false or  misleading,  or if the Company
omits or  fails  to  provide  or  withholds  relevant  material  information  to
Consultant  , then,  in such  event,  any and all fees  paid  hereunder  will be
retained by Consultant as liquidated  damages and this  Agreement  shall be null
and void and Consultant shall have no further obligation hereunder.  Further, by
execution of this Agreement,  the Company hereby indemnifies Consultant from any
and all costs for  expenses or damages  incurred and holds  Consultant  harmless
from any and all claims and/or actions that may arise out of providing  false or
misleading  information or by omitting  relevant  information in connection with
the efforts required of Consultant under this Agreement.

                                       5

<PAGE>
                                  EXHIBIT 10.3

9.   MISCELLANEOUS

     (a) Successors and Assigns. This Agreement is binding on and ensures to the
benefit of the Company, its successors and assigns, all of which are included in
the term the "Company" as it is used in this Agreement and upon Consultant,  its
successors and assigns.  Neither this Agreement nor any duty or right  hereunder
will be assignable or otherwise transferable by either party without the written
consent of the other party,  except that the Company shall assign this Agreement
in   connection   with   a   merger,   reorganization,   business   combination,
consolidation, assignment, sale or other disposition of substantially all of its
assets or business.  This  Agreement will be deemed  materially  breached by the
Company if its  successor  or assign  does not assume  substantially  all of the
company's obligations under this Agreement.

     (b)  Modification.  This  Agreement  may be modified  or amended  only by a
writing signed by both the Company and Consultant.

     (c)  Governing  Law.  The  laws  of  Colorado  will  govern  the  validity,
construction, and performance of this Agreement. Any legal proceeding related to
this Agreement will be brought in an appropriate  Colorado  court,  and both the
Company and  Consultant  hereby  consent to the exclusive  jurisdiction  of that
court for this purpose.

     (d) Construction.  Wherever possible, each provision of this Agreement will
be interpreted so that it is valid under the applicable law. If any provision of
this Agreement is to any extent invalid under the applicable law, that provision
will still be effective to the extent it remains  valid.  The  remainder of this
Agreement also will continue to be valid, and the entire Agreement will continue
to be valid in other jurisdictions.

     (e)  Waivers.  No failure or delay by either the Company or  Consultant  in
exercising  any right or remedy under this Agreement will waive any provision of
the Agreement,  nor will any single or partial exercise by either the Company or
Consultant of any right or remedy under this Agreement  preclude  either of them
from  otherwise or further  exercising  these  rights or remedies,  or any other
rights or remedies granted by any law or any related document.

     (f) Captions.  The headings in this Agreement are for convenience  only and
do not affect this Agreement's interpretation.

     (g)  Entire   Agreement.   This  Agreement   supersedes  all  previous  and
contemporaneous  oral negotiations,  commitments,  writings,  and understandings
between the parties concerning the matters in this Agreement.

     (h)  Notices.  All notices and other  communications  required or permitted
under this  Agreement  shall be in writing  and sent by  registered  first-class
mail,  postage  prepaid,  and shall be effective  five days after mailing to the

                                       6
<PAGE>
                                  EXHIBIT 10.3

addresses  stated  below.  These  addresses  may be  changed at any time by like
notice.

         In the case of the Company:     Three Forks, Inc.
                                         555 Eldorado Blvd.
                                         Broomfield, CO 80021

         In the case of Consultant:      W. Edward Nichols
                                         8950 Scenic Pine Dr.
                                         Parker, CO 90134

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

"The Company"                            "Consultant"

By:                                       By:
   --------------------------------          ----------------------------------

                                       7EXHIBIT 10.4

          FIRST AMENDMENT TO THE THREE FORKS, INC. CONSULTING AGREEMENT

This First  Amendment to the  Consulting  Agreement by and between  Three Forks,
Inc. and W. Edward Nichols made as of the 1st day of March 2013.

WHEREAS  the  parties  did on the  1st  day of  September  2012  entered  into a
Consulting Agreement, and;

WHERAS the parties desire to amend the Consulting Agreement.

NOW THEREFORE in consideration  of the undertakings the Consulting  Agreement is
hereby amended as follows:

Section 3 Compensation is hereby amended to read as follows:

     3. COMPENSATION.

     (a) Company agrees to pay Consultant no less than a Base Fee of $120,000.00
per year for the first six months and shall increase to $180,000.00 on the first
day of March 2013.

     In  addition  to the Base  Salary,  Consultant  shall be paid a monthly car
allowance of six hundred  dollars.  Consultant shall be paid a bonus of one half
of one percent of the net asset  increases as  reflected in the Company  balance
sheet from time to time. The basis of the calculation shall be the net assets as
listed in the  company  financials  and shall at least be paid  every six months
within  30  days  after  the  accounting  for the  applicable  period  has  been
completed.  The first payment period will be for the period of September 1, 2012
through February 2013.

IN WITNESS WHEREOF the Parties have duly executed this amendment to the original
Consulting Agreement as of the date first above written.

Three Forks, Inc.                               Consultant

------------------------------                  --------------------------------
Donald Walford, President                       W. Edward Nichols

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00223-of-00352.parquet"}]]