Waiver of Notice Date Sample Contracts

to Form 10-Q for the Quarterly Period Ended March 31, 2012 WAIVER OF NOTICE DATE
Waiver of Notice Date • May 14th, 2012 • Daleco Resources Corp • Crude petroleum & natural gas

This Waiver of Notice Date is dated and effective this April 3, 2012 (“Effective Date”), by and between Gary J. Novinskie, an individual whose address is 705 Clover Ridge Drive, West Chester, Pennsylvania 19380 (“Novinskie”) and Daleco Resources Corporation (“Daleco”) (collectively the “Parties”) with respect to the Employment Agreement between Daleco, as the employer, and Novinskie, as the employee, originally dated November 30, 2001 (but effective October 1, 2001) (“Employment Agreement”) as such Employment Agreement has been modified, extended, and amended from time to time.

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to Form 10-Q for the Quarterly Period Ended March 31, 2012 WAIVER OF NOTICE DATE
Waiver of Notice Date • May 14th, 2012 • Daleco Resources Corp • Crude petroleum & natural gas

This Waiver of Notice Date is dated and effective this April 3, 2012 (“Effective Date”), by and between Richard W. Blackstone, an individual whose address is 4846 Sarasota Drive, Hilliard, Ohio 43026 (“Blackstone” or “Employee”) and Daleco Resources Corporation (“Daleco” or “Employer”) (collectively the “Parties”) with respect to the employment agreement between Daleco, as the employer, and Blackstone, as the employee, originally dated October 4, 2006 as such employment agreement has been extended from time to time and modified and amended on January 19, 2009 (“Employment Agreement”).

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