EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement (the "Agreement") is made the 28th day of March 2001, by and between
FieldPoint Petroleum Corporation, a Colorado corporation acting by and through its hereunto duly authorized
officer (the "Company"), and Ray D. Reaves (the "Executive").
WHEREAS, the Executive is presently in the employ of the Company in the capacity of President and Chief
Executive Officer, and the Company is willing to provide certain employment assurances to the Executive in the
event of a Change of Control (as defined below) of the Company as incentive and inducement for the Executive
to continue in such employment in his present capacity after a Change of Control; and
WHEREAS, in consideration of such employment assurances, the Executive is willing to remain in the employ of
the Company in the capacity of President and Chief Executive Officer after a Change of Control of the Company.
NOW, THEREFORE, in consideration of the premises and the mutual terms and conditions hereof, the
Company and the Executive hereby agree as follows:
1. Employment. In consideration of the benefits hereinafter specified, the Executive hereby agrees to continue his
employment with the Company in the capacity of President and Chief Executive Officer after a Change of
Control of the Company and to discharge his duties in such capacity during the term of this Agreement.
2. Exclusive Services. The Executive shall devote his full working time, ability and attention to the business of the
Company during the term of this Agreement and shall not, directly or indirectly, render any services of a business,
commercial or professional nature to any other person, corporation or organization, whether for compensation or
otherwise, without the prior knowledge and consent of the Board of Directors (the "Board") of the Company;
provided, however, that the provisions of this Agreement shall not be construed as preventing the Executive from
investing in other non-competitive b