<SEC-DOCUMENT>0000887396-12-000011.txt : 20121211
<SEC-HEADER>0000887396-12-000011.hdr.sgml : 20121211
<ACCEPTANCE-DATETIME>20121211103241
ACCESSION NUMBER:		0000887396-12-000011
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20121211
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Termination of a Material Definitive Agreement
ITEM INFORMATION:		Unregistered Sales of Equity Securities
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20121211
DATE AS OF CHANGE:		20121211

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EMPIRE PETROLEUM CORP
		CENTRAL INDEX KEY:			0000887396
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				731238709
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16653
		FILM NUMBER:		121255183

	BUSINESS ADDRESS:	
		STREET 1:		6506 S. LEWIS AVE.
		STREET 2:		SUITE 112
		CITY:			TULSA
		STATE:			OK
		ZIP:			74136-1020
		BUSINESS PHONE:		918-488-8068

	MAIL ADDRESS:	
		STREET 1:		6506 S. LEWIS AVE.
		STREET 2:		SUITE 112
		CITY:			TULSA
		STATE:			OK
		ZIP:			74136-1020

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICOMM RESOURCES CORP
		DATE OF NAME CHANGE:	19951115

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICOMM CORP
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k-122012.htm
<DESCRIPTION>FORM 8-K (A. E. WHITEHEAD NOTE CONVERSION AGREEMENT)
<TEXT>
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     <TITLE></TITLE>
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<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 3.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 18pt/85% Tiempo Bold,serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="font: 18pt/85% Tiempo Bold,serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"><B>SECURITIES AND
EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 6pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B>______________________________</B></FONT></P>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><FONT STYLE="letter-spacing: -0.15pt"><B>WASHINGTON,
D.C. 20549</B></FONT></P>

<P STYLE="font: 22pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 22pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"><B>FORM 8-K</B></FONT></P>

<P STYLE="font: 16pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.2pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt"><B>Current
Report </B></FONT></P>

<P STYLE="font: 12pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt"><B>Pursuant
To Section 13 or 15 (</B></FONT><B><FONT STYLE="font-family: Times New Roman Bold,serif">d</FONT><FONT STYLE="font-variant: small-caps">)
of the Securities Exchange Act of 1934</FONT></B></P>

<P STYLE="font: 9pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/85% Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt"><B>Date
of Report (date of earliest event reported):</B></FONT></P>

<P STYLE="font: 12pt/85% Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt/85% Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-variant: small-caps; text-transform: none; letter-spacing: -0.1pt">December
11, 2012</FONT></P>

<P STYLE="font: 9pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps; letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 18pt/85% Microstyle Bold Extended ATT; margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>EMPIRE
PETROLEUM CORPORATION</B></FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>(Exact name of registrant
as specified in its charter)</B></FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; font: bold 12pt CG Times (W1); text-align: center">Delaware</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font: bold 11pt CG Times (W1); text-align: center">001-16653</TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; font: bold 11pt CG Times (W1); text-align: center">73-1238709</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>(State or other
        jurisdiction</B></FONT></P>
        <P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>of incorporation)</B></FONT></P></TD>
    <TD STYLE="font: bold 11pt CG Times (W1); padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(Commission File Number)</TD>
    <TD STYLE="font: bold 11pt CG Times (W1); padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>6506 S. Lewis Ave.,
Suite 112 , Tulsa, OK 74136-1020</B></FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.1pt">(Address of principal
executive offices) (Zip Code)</FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 12pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>(918) 488-8068</B></FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">(Registrant's telephone
number, including area code) </FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">(Former name or former
address, if changed since last report)</FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">[ ] Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">[ ] Soliciting material pursuant to Rule
14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">[ ] Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">[ ] Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 11pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>

<P STYLE="font: 8pt/85% CG Times (W1); margin: 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

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<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item 1.01. Entry into a Material
Definitive Agreement.</B></P>

<P STYLE="font: 11pt/normal CG Times (W1); margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On December&nbsp;11,
2012, Empire Petroleum Corporation (the &ldquo;Company&rdquo;) entered into a Note Conversion Agreement (the &ldquo;Agreement&rdquo;)
with The Albert E. Whitehead Living Trust (the &ldquo;Holder&rdquo;). Pursuant to the Agreement and on such date, (1)&nbsp;$300,012.50
in debt owed by the Company to the Holder (the &ldquo;Outstanding Debt&rdquo;) was converted into shares of common stock of the
Company at a conversion rate of $0.05 per share, resulting in the issuance of 6,000,250 shares of common stock of the Company to
the Holder and (2)&nbsp;each of the following notes relating to a portion of the Outstanding Debt and previously made by the Company
in favor of the Holder was terminated in its entirety:</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt CG Times (W1); margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 11pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">the Convertible Note, dated February 1,
2011, in the principal amount of $100,000, </FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt CG Times (W1); margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 11pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">the Convertible Note, dated April 17, 2012,
in the principal amount of $133,603 and </FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt CG Times (W1); margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 11pt Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">the Promissory Note, dated August 28, 2012,
made by the Company in favor of the Holder in the principal amount of $25,000.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">Mr.&nbsp;Albert E. Whitehead,
the trustee of the Holder, is the Chief Executive Officer and a member of the board of directors of the Company. Accordingly, Mr.&nbsp;Whitehead
did not participate in the board of directors&rsquo; deliberations on, or approval of, the Agreement or the transactions contemplated
thereunder.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The foregoing description
of the Agreement is not complete and is qualified in its entirety by reference to the full and complete terms of the Agreement,
which is attached to this Current Report on Form 8-K as Exhibit 10.1.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Item&nbsp;1.02 Termination of a Material
Definitive Agreement.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The information set forth
under Item 1.01 above is incorporated herein by reference.</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>Item&nbsp;3.02. Unregistered Sales of Equity Securities. </B></P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The information
set forth under Item 1.01 above is incorporated herein by reference. The private placement of 6,000,250 shares of common stock
of the Company to the Holder pursuant to the Agreement was made in reliance upon an exemption from the registration requirements
of the Securities Act of 1933 pursuant to Section 4(2) thereof. Each of the Holder and Mr. Whitehead is a sophisticated investor
with the experience and expertise to evaluate the merits and risks of an investment in the Company&rsquo;s securities and the financial
means to bear the risks of such an investment. In addition, as Chief Executive Officer of the Company and a member of the Company&rsquo;s
board of directors, Mr.&nbsp;Whitehead has access to all of the material information regarding the Company that an investor would
have received if the offer and sale of the securities had been registered.</P>

<P STYLE="font: 11pt/normal CG Times (W1); margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><B>Item 9.01. Financial Statements and Exhibits.</B></P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0 0 0 27pt">The exhibit listed below is filed herewith.</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0 0 0 27pt">&nbsp;</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0 0 0 27pt">(d)&#9;Exhibits.</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0 0 0 27pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; font: bold 11pt/24pt Times New Roman, Times, Serif; text-decoration: underline; text-align: center">Exhibit No.</TD>
    <TD STYLE="width: 82%; padding-right: 5.4pt; padding-left: 5.4pt; font: bold 11pt/24pt Times New Roman, Times, Serif; text-decoration: underline">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt/24pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">10.1</TD>
    <TD STYLE="font: 11pt/24pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Note Conversion Agreement, Dated December 11, 2012</TD></TR>
</TABLE>
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    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
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<P STYLE="font: 11pt/normal CG Times (W1); margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 11pt/normal Times New Roman, Times, Serif; margin: 0; text-transform: uppercase; text-align: center"><FONT STYLE="text-transform: none">SIGNATURES</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">EMPIRE PETROLEUM CORPORATION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">Date: December 11, 2012</TD>
    <TD STYLE="width: 4%; padding-right: 5.4pt; padding-left: 5.4pt">By:</TD>
    <TD STYLE="width: 46%; padding-right: 5.4pt; padding-left: 5.4pt; border-bottom: Black 1pt solid">/s/ Albert E. Whitehead</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Albert E. Whitehead</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 24pt; font-weight: bold; text-decoration: underline; text-align: center">Exhibit No.</TD>
    <TD STYLE="width: 82%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 24pt; font-weight: bold; text-decoration: underline">Description</TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 24pt; text-align: center">10.1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 24pt; text-align: justify">Note Conversion Agreement, Dated December 11, 2012</TD></TR>
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<DESCRIPTION>NOTE CONVERSION AGREEMENT
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<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-variant: small-caps"><B>EXHIBIT
10.1</B></FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Note
Conversion Agreement</B></FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This <FONT STYLE="font-variant: small-caps">Note
Conversion Agreement</FONT> (this &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of December&nbsp;11, 2012 (the &ldquo;<U>Effective
Date</U>&rdquo;) by and between Empire Petroleum Corporation, a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;) and The
Albert E. Whitehead Living Trust (the &ldquo;<U>Holder</U>&rdquo;). The Company and the Holder are collectively referred to herein
as the &ldquo;<U>Parties</U>&rdquo;.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Holder
has previously advanced loans to the Company evidenced by (1)&nbsp;a Convertible Note, dated February&nbsp;1, 2011, made by the
Company in favor of the Holder in the principal amount of $100,000 (the &ldquo;<U>2011 Convertible Note</U>&rdquo;), (2)&nbsp;a
Convertible Note, dated April&nbsp;17, 2012, made by the Company in favor of the Holder in the principal amount of $133,603.00
(the &ldquo;<U>2012 Convertible Note</U>&rdquo;) and (3)&nbsp;a Promissory Note, dated August&nbsp;28, 2012, made by the Company
in favor of the Holder in the principal amount of $25,000 (together with the 2011 Convertible Note and the 2012 Convertible Note,
the &ldquo;<U>Notes</U>&rdquo;);</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Holder
has subsequently advanced an additional loan to the Company in the amount of $32,397.50 (the &ldquo;<U>New Loan</U>&rdquo;);</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Company
owes the Holder an aggregate of $300,012.50 in principal and accrued but unpaid interest under the Notes and the New Loan (collectively,
the &ldquo;<U>Outstanding Debt</U>&rdquo;);</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Parties
desire to convert all of the Outstanding Debt into shares of Common Stock, $0.001 par value per share, of the Company (&ldquo;<U>Common
Stock</U>&rdquo;) at a conversion rate of $0.05 per share of Common Stock (the &ldquo;<U>Conversion Rate</U>&rdquo;); and</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">WHEREAS, with respect
to the amounts of the Outstanding Debt attributable to the 2011 Convertible Note and the 2012 Convertible Note, the Parties desire
to effect the conversion of such amounts pursuant to the terms set forth herein rather than, and in place of, the terms set forth
in the 2011 Convertible Note and the 2012 Convertible Note;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, for
good and valuable consideration, the receipt and sufficiency is hereby acknowledged, the Parties agree as follows:</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">1.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conversion</U>. Subject to the terms and conditions set forth herein, all of the Outstanding Debt shall convert into
shares of Common Stock at the Conversion Rate, effective as of the Effective Date, resulting in the issuance of 6,000,250 shares
of Common Stock (the &ldquo;<U>Conversion Shares</U>&rdquo;).</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Issuance of Conversion Shares; Cancellation of the Outstanding Debt</U>. On the Effective Date, the Holder shall surrender
and deliver the Notes to the Company for cancellation. Upon such surrender and delivery, (a)&nbsp;the Company shall issue the Conversion
Shares to the Holder and the Company shall issue and deliver, or instruct its transfer agent to issue and deliver, to the Holder
a certificate or other document evidencing the Conversion Shares and (b)&nbsp;all of the Outstanding Debt shall be deemed paid
in full and all rights and privileges of the Holder under the Notes and with respect to the New Loan shall cease and be terminated
in their entirety and the Company shall have no further obligations under the Notes or with respect to the New Loan.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">3.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Compliance with Securities Laws</U>. The Holder represents and warrants to the Company as follows:</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">a.</TD><TD STYLE="text-align: justify">The Holder acknowledges that it understands that the Conversion Shares are &ldquo;restricted securities&rdquo;
and have not been registered under the Securities Act of 1933, as amended (the &ldquo;<U>Securities Act</U>&rdquo;), or any applicable
state securities law, that the Conversion Shares will include a restrictive legend to that effect, and, that accordingly, the Conversion
Shares may not be offered or sold except pursuant to an effective registration statement under the Securities Act or pursuant to
an available exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance
with applicable state securities laws.</TD></TR></TABLE>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">b.</TD><TD STYLE="text-align: justify">The Holder is able to bear the economic risk of the investment in the Conversion Shares and could
afford a complete loss of such investment.</TD></TR></TABLE>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">c.</TD><TD STYLE="text-align: justify">The Holder has sufficient knowledge and experience in financial and business matters that the Holder
is capable of evaluating the merits and risks of an investment in the Conversion Shares and of making an informed investment decision
with respect thereto and has the capacity to protect its own interests in connection with the issuance of the Conversion Shares.</TD></TR></TABLE>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">d.</TD><TD STYLE="text-align: justify">The Holder has no intention of distributing any of the Conversion Shares in violation of the Securities
Act or any applicable state securities law, has no direct or indirect arrangement or understandings with any other persons to distribute
or regarding the distribution of such Conversion Shares in violation of the Securities Act or any applicable state securities law
and is acquiring the Conversion Shares solely for the Holder&rsquo;s own account as principal, for investment purposes only and
not with a view to the resale or distribution thereof, in whole or in part.</TD></TR></TABLE>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">e.</TD><TD STYLE="text-align: justify">The Holder shall not offer, sell or otherwise transfer the Conversion Shares without registration
under the Securities Act or an exemption therefrom and fully understands and agrees that the Holder must bear the economic risk
for an indefinite period of time because, among other reasons, the Conversion Shares have not been registered under the Securities
Act or under the securities laws of any state and, therefore, cannot be resold, pledged, assigned or otherwise disposed of unless
they are subsequently registered under the Securities Act and under the applicable securities laws of such states or unless an
exemption from such registration is available.</TD></TR></TABLE>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">f.</TD><TD STYLE="text-align: justify">The terms and conditions under which the Conversion Shares were issued were directly communicated
to the Holder by the Company in such a manner that the Holder was able to ask questions of and receive answers from concerning
the terms and conditions of this transaction. At no time was the Holder presented with or solicited by or through any article,
notice or other communication published in any newspaper or other leaflet, public promotional meeting, television, radio or other
broadcast or transmittal advertisement or any other form of general advertising.</TD></TR></TABLE>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">4.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Entire Agreement; Modifications; Waiver.</U> This Agreement constitutes the entire agreement between the Parties pertaining
to the subject matter contained herein. This Agreement supersedes all prior and contemporaneous agreements, representations, and
understandings of the Parties. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing
by all the Parties. No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any
other provisions, whether or not similar, nor shall any waiver constitute a continuing waiver. No waiver shall be binding unless
executed in writing by the Party making the waiver. The failure of a Party to insist upon strict adherence to any term of this
Agreement on one or more occasions will not be considered a waiver or deprive that Party of the right thereafter to insist upon
adherence to that term of any other term of this Agreement.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">5.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Further Assurances</U>. Each Party to this Agreement agrees to perform any further acts and execute and deliver any further
documents that may be reasonably necessary to carry out the provisions of this Agreement.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">6.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Severability</U>. If any provision of this Agreement is rendered or declared illegal or unenforceable by reason of any
existing or subsequently enacted legislation, by decree of a court of last resort or any other law, the balance of this Agreement
shall remain in effect. If any provision is inapplicable to any person or circumstance, it shall nevertheless remain applicable
to all other persons and circumstances.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">7.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Law</U>. The subject matter of this Agreement shall be governed by and construed in accordance with the laws
of the State of Oklahoma (without reference to its choice of law principles), and to the exclusion of the law of any other forum,
without regard to the jurisdiction in which any action or special proceeding may be instituted.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">8.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Execution of the Agreement</U>. The Company, the party executing this Agreement on behalf of the Company, and the Holder,
have the all requisite power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all
transactions contemplated hereunder. All proceedings have been taken and all authorizations and approvals have been secured which
are necessary to authorize the execution, delivery and performance by the Company and the Holder of this Agreement. This Agreement
has been duly and validly executed and delivered by the Company and the Holder and constitutes a valid and binding obligation on
the Company and the Holder, enforceable in accordance with the respective terms herein.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">9.<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Multiple Counterparts</U>. This Agreement may be executed in one or more counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same instrument.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt 0.5in">&nbsp;</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center">[<I>Signature Page Follows</I>]</P>

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<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">IN WITNESS WHEREOF, the Parties have executed
this Agreement as of the date first written above.</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 2.5in; text-align: justify"><B>EMPIRE PETROLEUM CORPORATION</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">By:</TD>
    <TD STYLE="width: 50%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">/s/Albert E. Whitehead</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Name:&nbsp; Albert E. Whitehead</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Title:&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</TD></TR>
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<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&#9;THE ALBERT E. WHITEHEAD LIVING TRUST</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#9;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 42%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">By:</TD>
    <TD STYLE="width: 50%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">/s/Albert E. Whitehead</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Name:&nbsp; Albert E. Whitehead, as Trustee</TD></TR>
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