AMERICAN OIL & GAS, INC.American Oil & Gas Inc. • December 27th, 2021 • Oil & gas field exploration services • Nevada
This letter (this “Letter”) is intended to summarize the principal terms of a proposal being considered between American Oil & Gas, Inc., a Nevada corporation (the “Company”), and NFTUS Corp., a Delaware corporation (“Target”), and pursuant to which the Company will acquire all of the issued and outstanding shares of the Target from the stockholders of Target (the “Sellers”) resulting in the Target being a wholly-owned subsidiary of the Company. The possible acquisition of the stock of the Target Company is referred to as the “Proposed Acquisition,” and Target and the Company are referred to collectively as the “Parties.”
