STERLING ATLANTIC

STERLING ATLANTIC

November 15, 2012

Xx. Xxxxxxx Xxxxxxxx

Chairman

EOS Petro

0000 Xxxxxxx Xxxx Xxxx

Suite 3670

Los Angeles, CA 90067

Re: Purchase Agreement

DearNik,

With respect to the PREFERRED STOCK PURCHASE AGREEMENT dated August 1, 2011 between Eos Petro, Inc. ("Eos") and Sterling Atlantic, LLC ("Sterling"), and the other related agreements between us executed concurrently therewith (collectively, the "Agreements"), we further agree as follows:

1. All terms of the Agreements are hereby incorporated.

2. Sterling shall purchase up to 50,000 shares and50,000 warrants in EOS post reverse merger and stock split, 2.50 exercise price, five year term, for up to $50,000. In the event funding is less than $50,000, the shares and warrants shall be reduced proportionately.

Agreed:

	Eos Petro, Inc.
	By:	/s/ Xxxxxxx Xxxxxxxx
	Name:  Xxxxxxx Xxxxxxxx
	Title: Chairman
	Sterling Atlantic, LLC
	By:	/s/ Xxxxxx Xxxxxxxxxxx
	Name:
	Title:

xxx.xxxxx.xxx