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DAVID V. CREEL EMPLOYMENT AGREEMENT
DATED JUNE 15, 2000
This FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment") is made as of this 15 th day of June 2000,
by and between GeoPetro Resources Company, a California corporation ("Company") and David V. Creel ("Employee").
A. Company and Employee are parties to that certain Employment Agreement dated April 28, 1998 (the "Original
Agreement"), pursuant to which Employee agreed to provide certain services to Company and Company agreed to employ
Employee as Vice President of Exploration of Company.
B. The term of the Original Agreement was for two years, from June 1, 1998 through May 31, 2000, continuing on a month-to-
month basis thereafter.
C. The parties hereto now wish to amend the Original Agreement to extend the term thereof for a definite term and to reflect
such other changes as indicated herein.
NOW, THEREFORE, Company and Employee hereby agree as follows:
1. Effective Date. The effective date of this Amendment shall be June 1, 2000 (the "Amendment Effective Date").
2. Amendment of Original Agreement. The parties hereby amend the Original Agreement as follows:
(a) Term. Section 5 of the Original Agreement shall be deleted and replaced in full with the following:
5. Term. Subject to earlier termination as provided in this Agreement, Employee shall be employed for a
three-year term commencing on the Amendment Effective Date (the "Term").
(b) Salary. Section 6 of the Original Agreement shall be deleted and replaced in full with the following:
6. Salary. Commencing on the Amendment Effective Date, Company shall pay a base salary to Employee
(the "Base Salary") at the rate of One Hundred Eight Thousand Dollars ($108,000) per year, payable in equal
monthly installments of Nine Thousand Dollars ($9,000) in accordance