Amendment to Preferred Stock Purchase Agreement between Eos Petro, Inc. and Sterling Atlantic, LLC

Summary

Eos Petro, Inc. and Sterling Atlantic, LLC have agreed to amend their previous Preferred Stock Purchase Agreement. Sterling Atlantic will purchase up to 50,000 shares and 50,000 warrants in Eos Petro for up to $50,000, with each warrant exercisable at $2.50 for five years. If less than $50,000 is funded, the number of shares and warrants will be reduced proportionally. All other terms of the original agreements remain in effect.

EX-10.53 3 v337372_ex10-53.htm EXHIBIT 10.53

STERLING ATLANTIC

November 15, 2012

Mr. Nikolas Konstant

Chairman

EOS Petro

2049 Century Park East

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:

All terms of the Agreements are hereby incorporated.

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/ Nikolas Konstant
	Name: Nikolas Konstant
	Title: Chairman

	Sterling Atlantic, LLC

	By:	/s/ Franco Scalamandre
	Name:
	Title: