Document:

CONSULTING AGREEMENT

 

This CONSULTING AGREEMENT
is made and entered into this 24th day of  September 2012 (the “Commencement Date”) by and between EOS Petro
Inc., a Delaware corporation (hereinafter referred to as “EOS”), and Plethora Enterprises, LLC (hereinafter referred
to as “Plethora”), and hereinafter collectively referred to as the “Parties.”

 

WITNESSETH:

 

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

 

WHEREAS Nikolas Konstant,
managing member of Plethora, is the founder and chairman of EOS and the settlor and principal beneficiary of the Plethora Trust,
a Delaware statutory trust that is the principal stockholder of EOS;

 

WHEREAS Mr. Konstant
does not have an employment agreement or other compensation agreement with EOS;

 

WHEREAS Plethora,
including through its managing member Mr. Konstant, has special abilities and experience in the areas of general business management,
business development, corporate strategy and asset funding for operating companies and emerging growth enterprises, and in particular
companies active in the energy field;

 

WHEREAS, in addition
to Mr. Konstant’s service as a board member of EOS, for which he will be entitled to be compensated as any other director
of EOS, Plethora has agreed to provide active, ongoing consulting services to EOS to assist and interact directly with EOS management
in developing general business expansion strategies and implementation plans therefor, structuring and implementing board organization
and management composition and oversight, actively participating in managing certain aspects of management, and pursuing asset
and project finance funding and optimization for oil/gas properties, land right acquisition, exploration, development, and production
(the “Services”); and

 

WHEREAS the Parties
hereto desire define and establish their relationship in writing and the circumstances under which Plethora shall provide the Services
to EOS and be compensated by EOS therefor, all on the terms and conditions set forth in this Agreement.

 

NOW, THEREFORE, in
consideration of the mutual covenants hereinafter contained, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties hereby agree as follows:

 

1.        CONSULTING
SERVICES. EOS hereby retains Plethora to provide the consulting support and advisory Services through the terms outlined by this
Agreement and Plethora hereby agrees to provide such Services, subject to the terms and conditions set forth in this Agreement.
Plethora shall devote such of its time and effort as it determines is reasonably necessary and appropriate to provide the
Services under this Agreement. While Plethora shall not be restricted from engaging in other business activities during the Term
of this Agreement, Plethora shall not provide Services to any entity that directly competes with EOS during the Term of this Agreement.
In addition to the Services outlined above, Services shall include the following:

 

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		·	Strategic Advisor: Plethora, primarily through Nikolas Konstant, managing member of Plethora, will
serve as a “strategic advisor” to EOS. This will be in addition to Mr. Konstant serving as a member and Chairman of
the board of directors (note – Mr. Konstant’s role as a board member will be structured consistent with all other members
of the board and he will be compensated as a board member similarly to all other members of the board). As a strategic advisor,
Plethora will provide strategic advice to EOS in developing general business expansion strategies and implementation plans therefor.

 

		·	Board Coordination, Recruitment and Management:

 

		o	Plethora will provide advice to EOS in structuring and implementing board organization and management
composition, including, if desired by EOS, the identification and, in coordination with additional professionals, recruitment of
individuals to serve on the board of EOS.

 

		o	Plethora will provide advice to EOS regarding appropriate corporate structures and procedures for
oversight and administration of board meetings and oversignt of management.

 

		·	Acquisitions:

 

		o	Acquisition Assessment – Plethora will assist EOS with its assessment of all new acquisitions
targeted by EOS. Plethora will lead in the detailed evaluation consistent with classic Harvard Business Review outline form and
prepare an appropriate report for the EOS board with the EOS’s recommendation in accordance with agreed standards.

 

		o	Acquisition Negotiations – Plethora will assist and/or lead the negotiation process of targeted
acquisitions at the direction of EOS. Assistance shall include travel (at the expense of EOS in accordance with corporate policies
and procedures) and face-to-face meetings with representatives of targeted acquisitions.

 

		o	Asset Acquisitions – Plethora will assist EOS with its assessment of any targeted oil/gas
properties, land rights, works, and associated asset acquisitions contemplated by EOS, including on-site assessments of new market
territories and acquisition targets. Assistance shall include travel (at the expense of EOS in accordance with corporate policies
and procedures) and face-to-face meetings with representatives of targeted acquisitions.

  

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		·	Financing:

 

		o	Assist, support and/or lead EOS efforts to secure energy/project financing to move forward with
the acquisition and development of oil/gas properties, land rights, works, and other asset acquisitions, exploration, and production.

 

		o	Plethora will help identify, target and lead discussions with targeted energy/project finance partners.
Assistance shall include travel (at the expense of EOS in accordance with corporate policies and procedures) and face-to-face meetings
with representatives of targeted financial partners.

 

		·	Other specific assignments requested by EOS and agreed by Plethora to be reasonably within the
Services.

 

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

 

3. OFFICE, SUPPLIES
AND EXPENSES. While it is not anticipated that Plethora representatives will need to work extensively from EOS offices, Plethora
is prepared to provide any on-site work as required, and EOS shall provide any necessary office space to allow Plethora to conduct
any on-site work that may be required to perform the Services outlined herein.

 

In addition to the
fees payable hereunder, EOS shall advance to or reimburse Plethora for any and all expenses to be incurred in connection with the
Services. No single expense in excess of $5,000 (exclusive of business-related travel) will be incurred without EOS approval, such
approval not to be unreasonably withheld or delayed, EOS acknowledging that the incurrence of expenses may be required in order
to capitalize on an EOS opportunity, and that under no circumstances will Plethora be expected to incur any expense on behalf of
EOS or in respect of any opportunity (or to pursue any opportunity) without such expenses being previously advanced or promptly
reimbursed. Expense approval may be provided via any reasonable means, including email transmission, and reimbursement shall be
made by EOS within 15 days of submittal by Plethora of a Plethora invoice therefor, regardless of how compensation is structured
at such time.

 

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4.
TERM. The Agreement shall commence on the Commencement Date and shall continue for an initial term of sixty (60) months from the
last day of the calendar month in which the Commencement Date occurs. Unless either of the Parties delivers a notice of termination
to the other Party, on the last day of each month of the term, the term shall be extended for an additional month, so that, absent
the delivery of a notice of termination, the term of this Agreement shall perpetually be sixty (60) months. The term of this Agreement,
as extended pursuant to this Section 4 is referred to herein as the “Term.” Any notice shall be in writing and shall
be delivered by United States certified mail and shall be effective upon receipt. Notwithstanding the foregoing, the Term may be
terminated by Plethora for EOS’s breach and may be terminated by EOS if after the Commencement Date (a) the principal Plethora
representative performing Services is convicted of a felony involving moral turpitude, (b) the principal Plethora representative
performing Services, in carrying out Plethora’s duties under this Agreement, is guilty of continued willful gross neglect
or continued willful gross misconduct resulting, in case of either clause (a) or clause (b), in material economic harm to EOS,
unless such act, or failure to act, was believed by such person or Plethora in good faith to be in the best interests of EOS or
any affiliate, or (c) upon the death or permanent disability of Nikolas Konstant, provided that the Term may only be terminated
in the event of disability if EOS has provided disability insurance for Mr. Konstant in a manner satisfactory to Plethora and such
disability insurance carrier has acknowledged coverage. In the event of any termination by EOS,
within 30 days of the effective date of such termination, EOS shall pay to Plethora a termination fee equal to the product of 36
and the arithmetic mean of the Monthly Fee for the four months prior to the month in which such termination is effective. In any
case described in this paragraph, Plethora shall be given written notice authorized by a vote of at least a majority of the members
of the board that EOS intends to terminate the Term pursuant to this paragraph. Such written notice shall specify the particular
act or acts, failure to act, or event that is or are the basis for the decision to so terminate the Term. Plethora shall be given
the opportunity within 30 days of the receipt of such notice to have representatives meet with the board to defend such act or
acts or failure to act or address such event (if disability), and Plethora shall be given 30 days after such meeting to correct
such act or failure to act or dispute EOS’s right to terminate the Term based on such disability. Upon failure of Plethora,
within 30 days, to correct such act or failure to act or address such disability, the Term shall automatically be terminated under
this paragraph. Anything herein to the contrary notwithstanding, if, following a termination of Term based upon the conviction
of the principal Plethora representative performing Services for a felony, such conviction is overturned on appeal or if following
any determination of permanent disability Mr. Konstant is determined to no longer be disabled, Plethora shall be entitled to the
payments and the economic equivalent of the benefits Plethora would have received if the Term had not been terminated (i.e., payment
of all compensation and entitlement to all benefits and perquisites for not less than the 60 succeeding months).

 

5. MINIMUM MANPOWER
COMMITMENT. Plethora will provide the Services in such manner as Plethora deems is necessary and appropriate to meet the requirements
of the Services as outlined above; provided, however, that Plethora personnel shall not be required to devote more than 20 hours
in aggregate per working week to performing such Services, but shall otherwise be reasonably available to EOS to enable the performance
of Plethora’s services hereunder. Plethora personnel shall primarily interact with and report solely to EOS’s Chief
Executive Officer and/or board of directors. At a minimum Plethora commits to one in-person meeting per month – preferably
in a manner that shall integrate with other Plethora travel activity to maximize efficiency and to minimize travel expense to EOS.
In addition, Plethora recommends holding a standing conference call on two afternoons each week to review general strategy. At
other times, Plethora will provide regular email updates along with a more formal Monthly Report.

 

Plethora will also
provide availability for approximately one to two strategy or project finance meetings/trips per month on behalf of EOS (on a customary
expense basis, albeit, Plethora will always try to combine travel with other business initiatives to reduce cost to EOS).

 

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6.
COMPENSATION. As compensation for the Services, EOS will pay to Plethora the following:

 

		·	Monthly Fees – Commencing with the month in which the Commencement Date occurs, and for the
remainder of the Term, EOS shall pay to Plethora, as compensation for the Services, a monthly fee as provided in this subparagraph
(the “Monthly Fee”). The Monthly Fee shall initially be $30,000 per month. The Monthly Fee shall be paid on the 15th
of each month; provided, however, that payment of the Monthly Fee shall be deferred (but not abated) until the first month following
the month in which EOS has either (A) successfully raised and funded a cumulative total of at least $2.5 million in corporate equity
or (B) become cash flow positive on a monthly basis for at least two consecutive months. For purposes of the next sentence, each
month EOS and Plethora, in consultation with EOS’s accountants, shall calculate the EBITDA of EOS for the 12-month period
(“LTM”) ended two months prior to the month of calculation (e.g., in March of a year the calculation of LTM will be
for the 12 months ended in January of that year). In the month in which the EBITDA of EOS for the LTM meets or exceeds any of $6
million, $12 million or $20 million the Monthly Fee shall be adjusted to equal one-twelfth (1/12th) of ten percent (10%)
of the LTM EBITDA. Such adjusted Monthly Fee shall in each case remain in effect unless and until LTM EBITDA shall go above or
fall below the next higher or lower LTM EBITDA provided for above, provided that the Monthly Fee shall in no event be reduced below
$30,000. For example, if the Monthly Fee has been adjusted as a result of LTM EBITDA exceeding $12 million, the Monthly Fee will
not be adjusted downward until LTM EBITDA has gone below $6 million, at which time the Monthly Fee would be adjusted based on such
LTM EBITDA. Once deferred, Monthly Fee amounts that have been deferred will then become payable (as provided in this paragraph)
once Monthly Fees are no longer to be deferred as provided in this paragraph. The deferred Monthly Fee amount will then be paid
concurrently with the current payment of applicable non-deferred Monthly Fees, with $15,000 of the deferred Monthly Fee amount
being paid each month, in addition to the then-applicable non-deferred Monthly Fee, until the entire deferred Monthly Fee amount
has been paid in full.

 

		·	Growth Fees – In addition to the Monthly Fee, EOS shall pay to Plethora a fee based on the
growth of EOS. Concurrent with the closing of any acquisitions or dispositions, EOS shall pay to Plethora a fee equal to one percent
(1%) of the aggregate consideration paid in such transaction (which shall include debt assumed), with a minimum fee of $60,000
per transaction (regardless of size).

 

7. PERQUISITES. During
the Term, Plethora personnel principally providing Services under this Agreement shall be entitled to any executive perquisites
made available to EOS’s chief executive or equivalent officer(s) in accordance with the terms and provisions of such arrangements.
Such perquisites may include, without limitation, automobile allowances, healthcare, initiation fees and dues for club memberships
and financial or tax advisory services. In addition to such perquisites, EOS shall reimburse Plethora for all legal expenses incurred
in connection with this Agreement and the Consulting Agreement, including its negotiation, preparation, performance, or interpretation.

 

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7. REPRESENTATIONS
AND WARRANTIES. The Parties hereby represent and warrant to each other that they have full power and authority to execute, deliver
and perform the terms and provisions of this Agreement. This Agreement constitutes the legal, valid and binding obligation of the
Parties enforceable in accordance with its terms, except to the extent that the enforceability hereof may be limited by bankruptcy
or similar laws relating to or limiting creditors’ rights generally or by equitable principles (regardless of whether enforcement
is sought in equity or at law). EOS represents and warrants to Plethora that this Agreement has been ratified and approved by the
independent members of the EOS board of directors.

 

8. PLETHORA LIABILITY
AND INDEMNIFICATION. In the absence of willful misconduct on the part of Plethora or Plethora’s material breach of this Agreement,
Plethora shall not be liable to EOS or any officer, director, employee, agent, representative, stockholder or creditor of EOS for
any action or omission of Plethora or any of its officers, directors, employees, agents, representatives, members or affiliates
(“Representatives”) in the course of, or in connection with, rendering or performing any Services hereunder. EOS hereby
agrees to indemnify and hold harmless Plethora and its Representatives against any and all losses, claims, damages obligations,
penalties, judgments, awards, liabilities, costs, expenses and disbursements (and all actions, suits, proceedings and investigations
in respect thereof and any and all reasonable legal or other costs, expenses and disbursements in giving testimony or furnishing
documents in response to a subpoena or otherwise), including, without limitation, the reasonable costs, expenses, and disbursements,
as and when incurred, of investigating, preparing, or defending any such action, proceeding or investigation (whether or not in
connection with litigation to which Plethora or any of its Representatives is a party) (collectively, the “Liabilities”)
arising out of or in connection with the activities contemplated by this Agreement, so long as such Liabilities; provided, however,
that this provision shall not apply to any Liabilities to the extent found by a court of competent jurisdiction to have resulted
from the willful misconduct or material breach of this Agreement by Plethora. Each person entitled to indemnification under this
Agreement (the “Indemnified Party”) shall give notice to EOS (the “Indemnifying Party”) with reasonable
promptness after such Indemnified Party has actual knowledge of any claim of Liability as to which indemnity may be sought. Notwithstanding
the foregoing, the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party
of its obligations under this Section 8. Upon receipt of such notice, the Indemnifying Party shall conduct the defense of such
claim or any litigation resulting there from. The Indemnified Party may, however, participate in such defense at such Indemnified
Party’s sole expense, unless Indemnified Party is advised by counsel that there is a conflict of interest in Indemnifying
Party’s counsel representing Indemnified Party, in which case such Indemnified Party’s counsel may conduct the defense
of such claim at Indemnifying Party’s expense. The Indemnified Party shall furnish such information regarding the claim in
question as the Indemnifying Party may reasonably request in writing in connection with the defense of any such claim and litigation
resulting there from.

 

9. INDEPENDENT CONTRACTORS.
Plethora shall perform its services hereunder as an independent contractor and not as an employee of EOS or an affiliate thereof.
It is expressly understood and agreed to by the parties hereto that Plethora shall have no authority to act for, represent or bind
EOS or any affiliate thereof in any manner, except as may be agreed to expressly by EOS in writing from time to time. The Parties
acknowledge Mr. Konstant’s role as a director and Chairman of EOS and the foregoing shall not alter his role in such capacity.

 

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9. MISCELLANEOUS PROVISIONS.

 

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

 

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

 

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

 

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

 

(e)        Successors
and Assigns. This Agreement shall be binding upon, inure to the benefit of, and shall be enforceable by Plethora and EOS and
their respective successors and permitted assigns.

 

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

 

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

 

		(i)	if to EOS:

 

EOS Petro, Inc.

2049 Century Park East, Suite 3670

Los Angeles, CA 90067

Attn: CEO

+1 310 552 1556 (fax)

ceo@eospetro.com

 

		(ii)	if to Plethora:

 

Plethora Enterprises, LLC

2049 Century Park East, Suite 3670

Los Angeles, CA 90067

Attn: Nikolas Konstant

+1 310 552 1556 (fax)

nkonstant@princevillegroup.com

 

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

 

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

 

(j)        Limitation
of Liability. In no event shall either Party be liable to the other Party for any indirect, special, punitive or consequential
damages, nor for any claim against the other Party made by any person or entity arising from or in any way related to this Agreement
or from the services provided by hereunder, except for the liability and indemnification obligations set forth under Section 8
hereof.

 

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

 

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

 

	 	EOS Petro Inc.
	 	 
	 	By:	/s/ Nikolas Konstant
	 	 
	 	Its: Chairman
	 	 
	 	Plethora Enterprises, LLC
	 	 
	 	By:	/s/ Nikolas Konstant
	 	 
	 	Its: Managing Member

 

    	Page 9 of 9September 25, 2012

 

Enclosed with this letter is an Amended and Restated Consulting
Advisory Agreement (the “Amended Agreement”), which amends and restates the Consulting Advisory Agreement, dated
August 2, 2012, between Eos Petro, Inc. and John Linton (the “Original Agreement”) in its entirety.

 

The Amended Agreement modifies four provisions of the Original
Agreement:

 

(1) The number of shares and warrants to be received
by Mr. Linton has been changed to 200,000 shares and 100,000 warrants;

(2) The term of the warrants was clarified to be two
years;

(3) Demand registration rights for the warrants were
removed; and

(4) Mr. Linton’s contact information was added
to the notices section.

 

By signing this letter and the attached Amended Agreement, the
undersigned parties hereby acknowledge that: (i) they have read, understand and consent to the modifications made to the Original
Agreement in the Amended Agreement; and (ii) the Original Agreement is superseded in its entirety by the attached Amended Agreement
and has no further effect.

 

EOS PETRO, INC.,

a Delaware corporation

 

	By:	/s/ Nikolas Konstant	 	/s/ John Linton
	 	Nikolas Konstant	 	John Linton, an individual
	 	Chairman of the Board of Directors	 	 

 

    	 

    	 

    

 

AMENDED AND RESTATED

 

CONSULTING ADVISORY AGREEMENT

 

This Amended and Restated
Consulting Advisory Agreement (this “Agreement”) is made and entered into as of the 2nd day of August, 2012, between
Eos Petro Inc., a Delaware Corporation, (the “Company”) and John Linton an individual (the “Consulting Advisor”).

 

WITNESSETH:

 

Whereas
the Company is seeking certain financial advice regarding business, M&A and financing activities;

 

Whereas
the Consulting Advisor is willing to furnish certain business and financial related advice and services to the Company on the terms
and conditions hereinafter set forth; and

 

WHEREAS, this Agreement
amends, restates and supersedes in its entirety the Consulting Advisory Agreement dated August 2, 2012 between the Company and
Consulting Advisor.

 

Now,
Therefore, in consideration of the premises and of the mutual terms and covenants contained herein, and for other good and
valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

 

1.     Purpose.
The Company hereby engages the Consulting Advisor on a non-exclusive basis for the term specified in this Agreement to render business
and Consulting Advisory consulting advice to the Company as an investment banker relating to M&A, financial and similar matters
upon the terms and conditions set forth herein.

 

2.     Representations
of the Consulting Advisor. The Consulting Advisor represents and warrants to the Company that (i) it is not a member of
the Financial Industry Regulatory Authority, Inc. (“FINRA”) and that it is not engaged in the securities brokerage
business; (ii) the Consulting Advisor provides consulting advisory services; and (iii) it is free to enter into this Agreement
and the services to be provided pursuant to this Agreement are not in conflict with any other contractual or other obligation to
which the Consulting Advisor is bound. The Company acknowledges that the Consulting Advisor may provide financial services and
consulting advice (of the type contemplated by this Agreement) to others and that nothing herein contained shall be construed to
limit or restrict the Consulting Advisor in providing financial services to others, or rendering such advice to others.

 

3.     Duties
of the Consulting Advisor. During the term of this Agreement, the Consulting Advisor will provide the Company with consulting
advice as specified below at the request of the Company, provided that the Consulting Advisor shall not be required to undertake
duties not reasonably within the scope of the consulting advisory service in which the Consulting Advisor is engaged generally
and provided further that the Consultant will not be engaged in the solicitation of the purchase or sale of securities, though
the Consulting Advisor may be requested to make introductions to potential investors where appropriate. In performance of these
duties, the Consulting Advisor shall provide the Company with the benefits of its best judgment and efforts, and the Consulting
Advisor cannot and does not guarantee that its efforts will have any impact on the business of the Company or that any subsequent
improvement will result from the efforts of the Consulting Advisor. It is understood and acknowledged by the parties that the value
of the Consulting Advisor’s advice is not measurable in any quantitative manner, and that the amount of time spent rendering
such consulting advice shall be determined according to the Consulting Advisor’s discretion.

 

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The Consulting Advisor’s
duties may include, but will not necessarily be limited to, rendering the following services to the Company:

 

(a)          Advice
regarding the formation of corporate goals and their implementation;

 

(b)          Study
and review the business, operations, historical financial performance of the Company (based upon management’s forecast of
financial performance) so as to enable the Consulting Advisor to provide advice to the Company;

 

(c)          Assist
the Company in attempting to formulate the optimum strategy to meet the Company’s corporate goals and capital resources needs
during the period of this Agreement;

 

(d)          Assist
in the introduction of the Company to asset and company acquisition targets and institutional or other capital financing sources;

 

(e)          Assist
in any presentation to the Board of Directors of the Company, as requested, in connection with a proposed transaction to be reviewed
by the Company; and

 

(f)          Advice
as to the expected reaction of the financial community to any transaction and assist in determining the optimum means of communicating
the pertinent aspects, such as strategic considerations, benefits to the Company and financial impact, to the financial community;

 

(g)          Advice
regarding the financial structure of the Company or its subsidiaries or divisions or any programs and projects undertaken by any
of the foregoing;

 

(h)          Advice
regarding asset dispositions; and

 

(i)          Advice
regarding corporate organization, personnel, and selection of needed specialty skills.

 

4.     Term.
The term of this Agreement shall be for one (_1_) year commencing from the date of this Agreement (“Commencement Date”);
provided, however, that this Agreement may be renewed or extended upon such terms and conditions as may be mutually agreed upon
by the parties hereto.

 

5.     CONSULTING
ADVISORY Fee. The Company shall pay to the Consulting Advisor as follows:

 

Upon the execution
of this Agreement, the Company shall issue to the Consulting Advisor and/or persons designated by the Consulting Advisor (“holder”),
200,000 shares of Eos Common Stock and 100,000 Investment Banking Purchase Warrants (the “Warrants”). Upon issuance,
the Warrants shall be duly authorized, validly issued. Each Warrant shall permit the holder to purchase from the Company, at any
time during the period commencing on the date of this Agreement and expiring two years (2) thereafter (the “Expiration Time”),
one (1) share of the Company’s Common Stock (the “Underlying Shares”), at an exercise price as follows:

 

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	Number of Warrants	 	 	Exercise Price	 
	 	100,000	 	 	$	3.00	 

 

The Underlying Shares
for the warrants shall have “piggyback” registration rights in the first and any registrations filed by the Company
subsequent to the date of this Agreement, and all of the shares covered by this Agreement shall be registered in the first of any
such registrations by Company regardless of whether held by the Consulting Advisor or any subsequent owner. In connection with
these registration rights, the Company shall give all of the holders of the Underlying Shares for the warrants, notice by certified
or registered mail, return receipt requested, at the time of the filing of such Registration Document. The Company agrees to periodically
advise the holders of the Underlying Shares for the warrants of the status of the registration and the effective date of the Registration
Statement or other appropriate registration document. In addition, the Company agrees to deliver copies of the final prospectus
to each of the holders of the Underlying Shares for the warrants. The holders of the Warrants are not required to exercise the
Warrant prior to the effective date of the registration statement or prior to any sale of the Underlying Shares.

 

During the time as
the Warrants are outstanding, the Company agrees not to merge, reorganize, or take any action which would terminate the Warrants
or Underlying Shares without first making adequate provisions for the Warrants or Underlying Shares. Other terms regarding the
rights of the holders of the Warrants or Underlying Shares are included in the Warrant Certificate to be issued to the holders
pursuant to this Agreement.

 

Use
of Advice by the Company; Public Market for the Company’s Securities. The Company acknowledges that all opinions and
advice (written or oral) given by the Consulting Advisor to the Company in connection with the engagement of the Consulting Advisor
are intended solely for the benefit and use of the Company in considering the transaction to which they relate, and the Company
agrees that no person or entity other than the Company shall be entitled to make use of or rely upon the advice of the Consulting
Advisor to be given hereunder, and no such opinion or advice shall be used for any other purpose or reproduced, disseminated, quoted
or referred to at any time, in any manner or for any purpose, nor may the Company make any public references to the Consulting
Advisor, or use of the Consulting Advisor’s name in any annual reports or any other reports or releases of the Company without
the prior written consent of the Consulting Advisor.

 

The Company acknowledges
that the Consulting Advisor makes no commitment whatsoever as to making a public trading market in the Company’s securities
or to recommending or advising its clients to purchase the Company’s securities. The Company hereby represents that it understands
that the Consulting Advisor has not agreed to make a market in and/or market such securities and that the Consulting Advisor may
never do so. The Company hereby represents and acknowledges that any payment made pursuant to this Agreement is not compensation
for the purpose of making a market in the Company’s securities or to cover out-of-pocket expenses for making a market in
the Company’s securities or for submitting an application to make a market in the Company’s securities. Research reports
or corporate finance reports that may be prepared by the Consulting Advisor will, when and if prepared, be done solely on the merits
or judgment and analysis of the Consulting Advisor or any senior corporate finance personnel of the Consulting Advisor.

 

    	4

    	 

    

 

6.     Company
Information. The Company recognizes and confirms that, in advising the Company and in fulfilling its engagement hereunder,
the Consulting Advisor will use and rely on data, material and other information furnished to the Consulting Advisor by the Company.
The Company acknowledges and agrees that in performing its services under this engagement, the Consulting Advisor may rely upon
the data, material and other information supplied by the Company without independently verifying the accuracy, completeness or
veracity of same. In addition, in the performance of its services, the Consulting Advisor may look to such others for such factual
information, economic advice and/or research upon which to base its advice to the Company hereunder as the Consulting Advisor shall
in good faith deem appropriate. The parties further acknowledge that the Consulting Advisor undertakes no responsibility for the
accuracy of any statements to be made by Company management contained in press releases or other communications, including, but
not limited to, filings with the Securities and Exchange Commission.

 

7.     Non-Circumvention.
The Company acknowledges and agrees that the identities of business opportunities and persons or entities introduced by the Consulting
Advisor are the exclusive property of the Consulting Advisor and the Company, its officers, and employees will not make any contact,
deal with, or otherwise become involved with any introduced party on the Company’s behalf, unless the Consulting Advisor
is notified in writing and compensated as provided in this Agreement. The Company acknowledges and agrees that unauthorized contact
without the express written consent of the Consulting Advisor with any such introduced party may cause harm and/or financial detriment
to the Consulting Advisor. The Company further acknowledges the confidential nature of the introduced parties and agrees not to
disclose these sources to anyone without the express written permission of the Consulting Advisor.

 

8.     The
Consulting Advisor as an Independent Contractor. The Consulting Advisor shall perform its services hereunder as an independent
contractor and not as an employee of the Company or an affiliate thereof. It is expressly understood and agreed to by the parties
hereto that the Consulting Advisor shall have no authority to act for, represent or bind the Company or any affiliate thereof in
any manner, except as may be agreed to expressly by the Company in writing from time to time.

 

9.     Consulting
Advisor’s Liability and Indemnification.

 

(a)          In
the absence of gross negligence or willful misconduct on the part of the Consulting Advisor or the Consulting Advisor’s material
breach of this Agreement, the Consulting Advisor shall not be liable to the Company or to any officer, director, employee, agent,
representative, stockholder or creditor of the Company for any action or omission of the Consulting Advisor or any of its officers,
directors, employees, agents, representatives or stockholders in the course of, or in connection with, rendering or performing
any services hereunder. Should the Consulting Advisor be found liable for any acts or omissions, the liability of the Consulting
Advisor pursuant to this Agreement shall be limited to the aggregate fees received by the Consulting Advisor hereunder, which shall
not include any liability for incidental, consequential or punitive damages.

 

    	5

    	 

    

 

(b)          The
Company agrees to indemnify the Consulting Advisor in accordance with the provisions of Annex A hereto, which is incorporated by
reference in its entirety and made a part hereof.

 

10.   Miscellaneous.

 

(a)          This
Agreement between the Company and the Consulting Advisor constitutes the entire agreement and understanding of the parties hereto
with respect to the subject matter hereof, and supersedes any and all previous agreements and understandings, whether oral or written,
between the parties with respect to the matters set forth herein.

 

(b)          Any
notice or communication permitted or required hereunder shall be in writing and shall be deemed sufficiently given if hand-delivered
or sent postage prepaid by certified or registered mail, return receipt requested, to the respective parties as set forth below,
or to such other address as either party may notify the other in writing:

 

	 	If to the Company:	EOS PETRO, INC.
	 	 	Attn:  Nikolas Konstant
	 	 	2049 Century Park East, Suite 3670
	 	 	Los Angeles, California 90067

 

	 	If to the Consulting Advisor:	John Linton
	 	 	2602 Winding View
	 	 	San Antonio, TX 78260

 

(c)          In
no event shall any service provided by the Consulting Advisor under or pursuant to this Agreement be in the nature of broker-dealer
or business opportunity brokerage or selling services, it being agreed and understood that such fees shall either be a finder’s
fee or a fee for general business consulting services.

 

(d)          This
Agreement shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors, legal representatives
and assigns.

 

(e)          This
Agreement may be executed in any number of counterparts, each of which together shall constitute one and the same original document.

 

(f)          No
provision of this Agreement may be amended, modified or waived, except in a writing signed by all of the parties hereto.

 

(g)          This
Agreement shall be construed in accordance with and governed by the laws of the State of California, without giving effect to conflict
of law principles. The parties hereby agree that any dispute which may arise between them arising out of or in connection with
this Agreement shall be adjudicated before a court located in Los Angeles County, California, and they hereby submit to the exclusive
jurisdiction of the courts of the State of California located in Los Angeles County, California and of the federal courts in the
Central District of California with respect to any action or legal proceeding commenced by any party, and irrevocably waive any
objection they now or hereafter may have respecting the venue of any such action or proceeding brought in such a court or respecting
the fact that such court is an inconvenient forum, relating to or arising out of this Agreement, and consent to the service of
process in any such action or legal proceeding by means of registered or certified mail, return receipt requested, in care of the
address set forth in sub-paragraph (b) above. A party to this Agreement named as a defendant in any action brought in connection
with this Agreement in any court outside of the above named designated county or district shall have the right to have the venue
of said action changed to the above designated county or district or, if necessary, have the case dismissed, requiring the other
party to refile such action in an appropriate court in the above designated county or federal district.

 

    	6

    	 

    

 

(h)          This
Agreement has been duly authorized, executed and delivered by and on behalf of the Company and the Consulting Advisor.

 

(i)          In
the event that the Consulting Advisor is named as a defendant in any legal action in any jurisdiction in any matter arising from
or in connection with this Agreement, the Company agrees to indemnify the Consulting Advisor as to all damages and costs incurred
in connection with any such litigation, including reasonable attorney fees.

 

(j)          This
Agreement is strictly confidential and cannot be used by the Company for the purpose of soliciting investors.

 

In
Witness Whereof, the parties hereto have caused this Agreement to be duly executed, as of the day and year first above written.

 

	 	John linton
	 	 
	 	 	By:	/s/ John Linton
	 	 	Name:	 
	 	 	Title:	 
	 	 
	 	eos petro, inc.
	 	 
	 	By:	/s/ Nikolas Konstant
	 	 	Name: Nikolas Konstant
	 	 	Title: Chairman

 

    	7

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