Document:

Exhibit 10.2

ACQUISITION AGREEMENT

(amended and restated, August 23, 2016)

ACQUISITION AGREEMENT (the "Agreement") amended this 23nd day of August, 2016, by and among Amazing Energy Oil and Gas Co., a Nevada corporation whose principal office is located at 701 S. Taylor St., Suite 470, LB 113, Amarillo, Texas 79101 ("AEOG") and each person listed on Exhibit A ("SELLERS'') who are owners of shares of common stock of Jilpetco, Inc., a Texas corporation ("JILP'') who have executed a subscription agreement which will be appended hereto at closing whose principal office is located at 701 S. Taylor Street, Suite 470, LB 113, Amarillo, Texas 79101.

R E C I T A L S

A.              JILP is engaged in the drilling for oil and gas.

B.              SELLERS own all of the outstanding shares of JILP set forth on Exhibit A.

C.              AEOG is a publicly traded company engaged in the business of oil and gas exploration, development, and on a limited scale the mining of properties containing valuable mineral deposits.

D.              AEOG desires to acquire one hundred percent (100%) of the issued and outstanding shares of common stock of JILP, in consideration or AEOG paying Five Hundred Thousand Dollars ($500,000.00) to SELLERS.

AGREEMENT

NOW, THEREFORE, for good and valuable consideration. the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows.

ARTICLE I

ACQUISITION OF JILP COMMON STOCK BY AEOG

1.1            Acquisition of JILP.  In the manner and subject to the terms and conditions set forth herein, AEOG shall acquire from SELLERS, one hundred percent (100%) of the issued and outstanding shares of common stock of JILP (the "JILP shares of common stock").

1.2            Effective Date.  If all of the conditions precedent to the obligations of each of the parties hereto as hereinafter set forth shall have been satisfied or shall have been waived, the transactions set forth herein (the "Exchange") shall become effective on the Closing Date as defined herein.

1.3            Consideration and Due Date of Payment

		(a)	In connection with the acquisition of the JILP shares of com mon stock, AEOG will pay the SELLERS Five Hundred Thousand Dollars ($500,000.00) in the form of a note attached hereto as EXHIBIT B.

1.4            Effect of Stock Purchase.  As of the Closing Date, all of the following shall occur:

(a)            The Articles of Incorporation of JILP and AEOG, as in effect on the Effective Date, shall continue in effect without change or amendment.

(b)            The Bylaws of JILP and AEOG, as in effect on the Closing Date, shall continue in effect without change or amendment.

1.5            Disclosure Schedules.  Simultaneously with the execution of this Agreement: (a) AEOG shall deliver a schedule relating to AEOG reports filed with the Securities and Exchange Commission, shall be referred to as the "AEOG Disclosure Schedule", and (b) SELLERS and JILP shall deliver a schedule relating to SELLERS and JILP (the "JILP Disclosure Schedule" and collectively with the AEOG Disclosure Schedule, the "Disclosure Schedules") setting forth the matters required to be set forth in the Disclosure Schedules as described elsewhere in this Agreement. The Disclosure Schedules shall be deemed to be part of this Agreement. AEOG'S Disclosure Schedule shall include all publicly filed documents of AEOG.

1.6            Further Action.  From time to time after the Closing, without further consideration, the parties shall execute and deliver such instruments of conveyance and transfer and shall take such other action as any party reasonably may request to more effectively transfer the JILP shares of common stock and AEOG Shares.

ARTICLE II

CONDUCT OF BUSINESS PENDING CLOSING; STOCKHOLDER APPROVAL

AEOG, SELLERS and JILP covenant that between the date hereof and the Closing Date (as hereinafter defined):

2.1            Access by SE LLERS and JILP.  AEOG shall afford to SELLERS, JILP, and their legal counsel, accountants and other representatives, throughout the period prior to the Closing Date, full access, during normal business hours, to (a) all of the books, contracts and records of AEOG, and shall furnish SELLERS and  JILP, during such period, with all information concerning AEOG that SE LLERS or JILP may reasonably request and (b) the properties of AEOG in order to conduct inspections at SELLERS and JILP's expense to determine that AEOG is operating in material compliance with all applicable federal, state and local and foreign statutes, rules and regulations, and that AEOG's assets are substantially in the condition and of the capacities represented and warranted in this Agreement. Any such investigation or inspection by SELLERS or JILP shall not be deemed a waiver of, or otherwise limit, the representations, warranties and covenants contained herein. SELLERS and JILP shall grant identical access to AEOG and its agents.

2.2            Conduct of Business.  During the period from the date hereof to the Closing Date, the business of AEOG and JILP shall be operated by the respective entities in the usual and ordinary course of such business and in material compliance with the terms of this Agreement. Without limiting the generality of the foregoing:

(a)            AEOG and JILP, respectively, shall each use their reasonable efforts to (i) keep available the services of the present agents of AEOG and JILP; (ii) complete or maintain all existing material arrangements; (iii) maintain the integrity of all confidential information of AEOG and JILP; and (iv) comply in all material respects with all applicable laws; and

(b)            Except as contemplated by this Agreement, AEOG and JILP shall not (i) sell, lease, assign, transfer or otherwise dispose of any of their material assets or property including cash; (ii) agree to assume, guarantee, endorse or in any way become responsible or liable for, directly or indirectly, any material contingent obligation; make any material capital expenditures; (iii) enter into any transaction concerning a merger or consolidation other than with the other party hereto or liquidate or dissolve itself (or suffer any liquidation or dissolution) or convey. sell, lease. transfer or otherwise dispose of, in one transaction or a series of related transactions, all or a substantial part of its property, business, or assets, or stock or securities convertible into stock of any subsidiary, or make any material change in the present method of conducting business; (iv) declare or pay any dividends or make any other distribution (whether in cash or property) on any shares of its capital stock or purchase, redeem, retire or otherwise acquire for value any shares of its capital stock or warrants or options whether now or hereafter outstanding; (v) make or suffer to exist any advances or loans to, or investments in any person, firm, corporation or other business entity not a party to this Agreement; (vi) enter into any new material agreement or be or become liable under any new material agreement, for the lease, hire or use of any real or personal property; (vii) create, incur, assume or suffer to exist, any mortgage, pledge, lien, charge, security interest or encumbrance of any kind upon any of its property or assets, income or profits, whether now owned or hereafter acquired; or (viii) agree to do any of the foregoing. Except JILP may prior to closing assign the receivable in the amount of $71,313 from Petro Pro to another entity at the discretion of JILP. AEOG acknowledges that such receivable is not part of this acquisition. In addition, JILP may also exclude any personal assets of Jed Miesner from the acquisition.

2.3            Exclusivity to SELLERS and JILP.  AEOG and its officers, directors, representatives and agents, from the date hereof, until the Closing Date (unless this Agreement shall be earlier terminated as hereinafter provided), shall not hold discussions with any person or entity, other than SELLERS and JILP or their respective agents concerning the Exchange, nor solicit, negotiate or entertain any inquiries, proposals or offers to purchase the business of AEOG, nor the shares of capital stock of AEOG from any person other than SELLERS and JILP, nor, except in connection with the normal operation of AEOG's respective business, or as required by law, or as authorized in writing by SELLERS, disclose any confidential information concerning AEOG to any person other than SELLERS, JILP and SELLERS and JILP's representatives or agents. SELLERS and JILP shall from the date hereof, and until the Closing Date, owe the identical obligations of confidentiality and exclusivity to AEOG concerning the Exchange as stated in this Section.

2.4            Board and Shareholder Approval.  The Board of Directors of AEOG has determined that the Agreement is fair to and in the best interests of its stockholders and has approved and adopted this am ended Agreement and the terms of th e Agreement. Shareholders of AEOG will not vote or approve of the transaction contemplated by this agreement. This Agreement constitutes, and all other agreements contemplated hereby will constitute, when executed and delivered by AEOG, the valid and binding obligation of AEOG, enforceable in accordance with their respective terms.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF AEOG

Except as set forth in the AEOG Disclosure Schedule (which incorporates all the reports of AEOG filed with the United States Securities and Exchange Commission) AEOG represents and warrants to SELLERS and JILP as follows:

3.1            Organization and Standing.  AEOG is a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada. AEOG has all requisite corporate power to carry on its business as it is now being conducted and is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where such qualification is necessary under applicable law except where the failure to qualify (individually or in the aggregate) will not have any material adverse effect on the business or prospects of AEOG. The copies of the Articles of Incorporation and Bylaws of AEOG, as amended to date, which have been delivered to SELLERS and JILP, are true and complete copies of these documents as now in effect.

3.2            Taxes.  For purposes of this Agreement, (A) "Tax" (and, with correlative meaning, "Taxes") shall mean any federal, state, local or foreign income, alternative or add-on minimum, business, employment, franchise, occupancy, payroll, property, sales, transfer, use, value added, withholding or other tax, levy, impost, fee, imposition, assessment or similar charge together with any related addition to tax, interest, penalty or fine thereon; and (B) "Returns" shall mean all returns (including, without limitation, information returns and other material information), reports and forms relating to Taxes.

		(a)	AEOG has filed all Tax returns. AEOG will pay in full or has adequately reserved against all Taxes otherwise assessed against it through the Closing Date.

		(b)	AEOG is not a party to any pending action or proceeding by any governmental authority for the assessment of any Tax, and, to the knowledge of AEOG, no claim for assessment or collection of any Tax related to AEOG has been asserted against AEOG that has not been paid. There are no Tax liens upon the assets of AEOG. There is no valid basis, to AEOG's knowledge, for any assessment, deficiency, notice, 30-day letter or similar intention to assess any Tax to be issued to AEOG by any governmental authority.

3.3            Compliance with Laws and Regulations.  AEOG has complied and is presently complying, in all material respects, with all laws, rules, regulations, orders and requirements (federal, state and local and foreign) applicable to it in all jurisdictions where the business of AEOG is conducted or to which AEOG is subject, including all requisite filings with the SEC. AEOG has not made any misrepresentation nor has omitted any material facts in any of its SEC filings to date.

3.4            Hazardous Materials.  To the knowledge of AEOG, AEOG has not violated, or received any written notice from any governmental authority with respect to the violation of any law, rule, regulation or ordinance pertaining to the use, maintenance, storage, transportation or disposal of "Hazardous Materials." As used herein, the term "Hazardous Materials" means any substance now or hereafter designated pursuant to Section 307(a) and 311 (b)(2)(A) of the Federal Clean Water Act, 33

USC§§ 1 317(a), 1 321 (b)(2)(A), Section 112 of the Federal Clean Air Act, 42 USC § 3412, Section 3001 of the Federal Resource Conservation and Recovery Act, 42 USC§ 6921, Section 7 of the Federal Toxic Substances Control Act, 15 USC § 2606, or Section 101 (14) and Section 102 of the Comprehensive Environmental Response, Compensation and Liability Act, 42 USC§§ 9601 (14), 9602.

3.5            No Breaches.  The making and performance of this Agreement will not (i) conflict with or violate the Articles of Incorporation or the Bylaws of AEOG, (ii) violate any laws, ordinances, rules, or regulations, or any order, writ, injunction or decree to which AEOG is a party or by which AEOG or any of its businesses, or operations may be bound or affected or (iii) result in any breach or termination of, or constitute a default under, or constitute an event which, with notice or lapse of time, or both, would become a default under, or result in the creation of any encumbrance upon any material asset of AEOG under, or create any rights of termination , cancellation or acceleration in any person under, any contract.

3.6            Employees.  AEOG has does not have any employees that are represented by any labor union or collective bargaining unit.

3.7            Financial Statements.  Year-end audited financial statements and unaudited quarterly financial statements are available online at www.sec.gov (collectively the "Financial Statements"). The Financial Statements present fairly, in all material respects, the financial position on the dates thereof and results of operations of AEOG for the periods indicated, pre pared in accordance with generally accepted accounting principles ("GAAP"), consistently applied. There are no assets of AEOG the value of which is materially overstated in said balance sheets.

3.8            Absence of Certain Changes or Events.  Except as set forth in the AEOG Disclosure Schedule, since April 30, 2016 (the "Balance Sheet Dates"), there has not been:

(a)            any material adverse change in the financial condition, properties, assets, liabilities or business of AEOG;

(b)            any material damage, destruction or loss of any material properties of AEOG, whether or not covered by insurance;

(c)            any material adverse change in the manner in which the business of AEOG and has been conducted;

(d)            any material adverse change in the treatment and protection of trade secrets or other confidential information of AEOG; and

(e)            any occurrence not included in paragraphs (a) through (d) of this Section 3.14 which has resulted, or which AEOG has reason to believe, might be expected to result in, a material adverse change in the business or prospects of AEOG.

3.9            Government Licenses, Permits, Authorizations.  AEOG has all governmental licenses, permits, authorizations and approvals necessary for the conduct of its business as currently conducted ("Licenses and Permits"). All such Licenses and Permits are in full force and effect, and no proceedings for the suspension or cancellation of any thereof is pending or, to the knowledge of AEOG, threatened.

3.10            Employee Benefit Plans.

(a)            AEOG has no employee bonus, material deferred compensation, material incentive compensation, stock purchase, stock option, severance pay, termination pay, hospitalization, medical, insurance, supplemental unemployment benefits, profit-sharing, pension or retirement plan except as disclosed in Exhibit A, AEOG Disclosure Schedule

(b)            AEOG has not maintained, sponsored or contributed to, any employee pension benefit plan (as defined in Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA") or any similar pension benefit plan under the laws of any foreign jurisdiction.

(c)            Except as set forth in the AEOG Disclosure Schedule, neither the execution, delivery or performance of this Agreement, nor the consummation of the Agreement or any of the other transactions contemplated by this Agreement, will result in any bonus, golden parachute, severance or other payment or obligation to any current or former employee or director of any of AEOG, or result in any acceleration of the time of payment, provision or vesting of any such benefits.

3.11            Business Locations.  Other than its' corporate office in Amarillo, TX and its' field office in Iraan, TX AEOG does not own or lease any real or personal property in any state or country except as set forth in the AEOG Disclosure Schedule,

3.12            Intellectual Property.  AEOG owns no intellectual property of any kind. AEOG is not currently in receipt of any notice of any violation or infringements of, and is not knowingly violating or infringing, or to the best of its knowledge has not violated or infringed the rights of others in any trademark, trade name, service mark, copyright, patent, trade secret, know-how or other intangible asset.

3.13            Governmental Approvals.  Except as set forth in the AEOG Disclosure Schedule, no authorization, license, permit, franchise, approval, order or consent of, and no registration, declaration or filing by AEOG with, any governmental authority, domestic or foreign, federal, state or local, is required in connection with AEOG's execution, delivery and performance of this Agreement. Except as set forth in the AEOG Disclosure Schedule, no consents of any other parties are required to be received by or on the part of AEOG to enable AEOG to enter in to and carry out this Agreement.

3.14            Transactions with Affiliates.  Except as set forth in the AEOG Disclosure Schedule, AEOG is not indebted for money borrowed, either directly or indirectly, from any of its officers, directors, or any Affiliate (as defined below), in any amount whatsoever; nor are any of its officers, directors, or Affiliates indebted for money borrowed from AEOG; nor are there any transactions of a continuing nature between AEOG and any of its officers, directors, or Affiliates not subject to cancellation which will continue beyond the Closing Date, including, without limitation, use of the assets of AEOG for personal benefit with or without adequate compensation. For purposes of this Agreement, the term (i) "Affiliate" shall mean any person that, directly or indirectly, through one or more intermediaries, controls or is controlled by, or is under common control with, the person specified. As used in the foregoing definition, the term (ii) "control" shall mean the power through the ownership of voting securities, contract or otherwise to direct the affairs of another person and (iii) "person" shall mean an individual, firm, trust, association, corporation, partnership, government (whether federal, state, local or other political subdivision, or any agency or bureau of any of them) or other entity.

3.15            No Distributions.  AEOG has not made nor has any intention of making any distribution or payment to any of its shareholders with respect to any of its shares prior to the Closing Date except payments made under this agreement.

3.16            Liabilities.  AEOG has no material direct or indirect indebtedness, liability, claim, loss, damage, deficiency, obligation or responsibility, fixed or unfixed, choate or inchoate, liquidated or unliquidated, secured or unsecured, accrued. absolute, contingent or otherwise ("Liabilities"), whether or not of a kind required by generally accepted accounting principles to be set forth on a financial statement, other than (i) Liabilities fully and adequately reflected or reserved against on the AEOG Balance Sheet, (ii) Liabilities incurred since the Balance Sheet Date in the ordinary course of the business of AEOG, or (iii) Liabilities otherwise disclosed in this Agreement, including the exhibits hereto and AEOG Disclosure Schedule.

3.17            Accounts Receivable.  AEOG has no accounts receivables other than as disclosed in the AEOG Disclosure Schedule.

3.18            Insurance.  AEOG has Public Directors and Officers Liability Coverage and Excess Directors and Officers Liability insurance coverage.

3.19            Principal AEOG Shareholder Representations and Warranties.  Principal AEOG Shareholder Representations and Warranties that he has the absolute and unrestricted right, power, authority, and capacity to execute and deliver this Agreement and the other Closing Documents to which he is a party and to perform his obligations under this Agreement and the other Closing Documents to which he is a party, and he has good and marketable title to all of the AEOG Shares listed in Exhibit A hereto, free and clear of all liens, claims and encumbrances of any third persons.

3.20            No Omissions or Untrue Statements.  To the best of each party's knowledge no representation or warranty made by AEOG or the PRINCIPAL AEOG SHAREHOLDER (with respect to Section 3.25 only) to SELLERS and JILP in this Agreement, the AEOG Disclosure Schedule or in any certificate of an AEOG officer required to be delivered to SELLERS pursuant to the terms of this Agreement, contains or will contain any untrue statement of a material fact, or omits or will omit to state a material fact necessary to make the statements contained herein or therein not misleading as of the date hereof and as of the Closing Date.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF JILP AND SELLERS

Except as set forth in the JILP Disclosure Schedule, SELLERS jointly and severally represent and warrant to AEOG as follows as of the date hereof and as of the Closing Date:

4.1            Organization and Standing of JILP.  JILP is a corporation duly organized, validly existing and in good standing under the laws of the state of Texas, and has the corporate power to carry on its business as now conducted and to own its assets and is duly qualified to transact business as a foreign corporation in each state where such qualification is necessary except where the failure to qualify will not have a material adverse effect on the business or prospects of JILP. The copies of the Articles

of Incorporation and Bylaws of JILP, as amended to date, and made available to AEOG, are true and complete copies of those documents as now in effect.

4.2            Authority.  The Board of Directors of JILP has approved this agreement.

4.3            No Conflict.  The making and performance of this Agreement will not (i) conflict with the Articles of Incorporation or the Bylaws of JILP, (ii) violate any laws, ordinances, rules, or regulations, or any order, writ, injunction or decree to which JILP is a party or by which JILP or any of their material assets, business, or operations may be bound or affected or (iii) result in any breach or termination of, or constitute a default under, or constitute an event which, with notice or lapse of time, or both, would become a default under, or result in the creation or any encumbrance upon any material asset of JILP, or create any rights of termination, cancellation, or acceleration in any person under any material agreement, arrangement, or commitment.

4.4            Properties.  Except as set forth in the JILP Disclosure Schedule, SELLERS have good and marketable title to all of the JILP shares of common stock, free and clear of all liens, claims and encumbrances of third persons whatsoever, and JILP has good and marketable title to all of the assets and properties which it purports to own as reflected on the balance sheet included in the JILP Financial Statements (as hereinafter defined), or thereafter acquired.

4.5            Governmental Approval; Consents.  No authorization, license, permit, franchise, approval, order or consent of, and no registration, declaration or filing by SELLERS or JILP with any governmental authority, domestic or foreign, federal, state or local, is required in connection with SELLERS OR JILP's execution, delivery and performance of this Agreement. Except as set forth in the JILP Disclosure Schedule, no consents of any other parties are required to be received by or on the part of SELLERS or JILP to enable SELLERS and JILP to enter into and carry out this Agreement.

4.6            Adverse Developments.  Since April 30, 2016, there have been no material adverse changes in the assets, liabilities, properties, operations or financial condition of JILP, and no event has occurred other than in the ordinary and usual course of business or as set forth in the JILP Financial Statements which could be reasonably expected to have a materially adverse effect upon JILP.

4.7            Taxes.  JILP has duly filed all returns required to be filed. All such returns were, when filed, and to SELLER'S knowledge are, accurate and complete in all material respects and were prepared in conformity with applicable laws and regulations. JILP has paid in full all taxes through the Closing Date. JILP is not a party to any pending action or proceeding by any governmental authority for the assessment of any tax, and, to the knowledge of JILP, no claim for assessment or collection of any tax has been asserted against JILP that have not been paid. There are no tax liens upon the assets of JILP. There is no valid basis, to JILP's knowledge, for any assessment, deficiency, notice, 30-day letter or similar intention to assess any tax to be issued to JILP by any governmental authority.

4.8            Litigation.  Except as set forth on the JILP Disclosure Schedule, there is no material claim, action, proceeding, or investigation pending or, to their knowledge, threatened against or affecting SELLERS or JILP before or by any court, arbitrator or governmental agency or authority. There are no material decrees, injunctions or orders of any court, governmental department, agency or arbitration outstanding against SELLERS or JILP.

4.9            Compliance with Laws and Regulations.  JILP has complied and is presently complying, in all material respects, with all laws, rules, regulations, orders and requirements applicable to it in all jurisdictions in which its operations are currently conducted or to which it is currently subject.

4.11            Governmental Licenses, Permits and Authorizations.  JILP has all governmental licenses, permits, authorizations and approvals necessary for the conduct of its business as currently conducted. All such licenses, permits, authorizations and approvals are in full force and effect, and no proceedings for the suspension or cancellation of any thereof is pending or threatened.

4.12            Liabilities.  JILP has no material direct or indirect Liabilities, as that term is defined in Disclosure Statement, ("JILP Liabilities"), whether or not of a kind required by generally accepted accounting principles to be set forth on a financial statement, other than (i) JILP liabilities fully and adequately reflected or reserved against on the JILP Balance Sheet, (ii) JILP liabilities incurred in the ordinary course of the business of JILP, and (iii) JILP liabilities otherwise disclosed in this Agreement, including the Exhibits hereto.

4.13            Contracts and Other Commitments.  the JILP Disclosure Schedule consists of a true and complete list of all material contracts, agreements, commitments and other instruments (whether oral or written) to which JILP is a party. JILP has made or will make available to AEOG a copy of each such contract. All such contracts are valid and binding upon JILP and are in full force and effect and are enforceable in accordance with their respective terms. No such contracts are in breach, and no event has occurred which, with the lapse of time or action by a third party, could result in a material default under the terms thereof. To JILP'S knowledge, no stockholder of JILP has received any payment from any contracting party in connection with or as an inducement for causing JILP to enter in to any such contract.

4.14            Absence of Certain Changes or Events.  Except as set forth in the JILP Disclosure Schedule, since April 30, 2016 (the "Balance Sheet Date"), there has not been:

(a)            any material adverse change in the financial condition, properties, assets, liabilities or business of JILP;

(b)            any material damage, destruction or loss of any material properties of JILP, whether or not covered by insurance;

(c)            any material adverse change in the manner in which the business of JILP and has been conducted;

(d)            any material adverse change in the treatment and protection of trade secrets or other confidential information of JILP; and

(e)            any occurrence not included in paragraphs (a) through (d) of this Section 4.14 which has resulted, or which JILP has reason to believe, might be expected to result in a material adverse change in the business or prospects of JILP.

4.15            Financial Statements.  JILP will supply the financial statements required by Item 9.01(a) within 71 calendar days after the date that the initial report on Form 8-K must be filed relating to this transaction.

4.16            JILP Property.  JILP Disclosure Schedule sets forth a complete and correct list and summary description of all property owned by JILP.

4.17            Subsidiaries.  Except as set forth in Schedule 4.18 of the JILP Disclosure Schedule, JILP owns no subsidiaries nor does it own or have an interest in any other corporation, partnership, joint venture or other entity.

4.18            Hazardous Materials.  To the knowledge of JILP, JILP has not violated, or received any written notice from any governmental authority with respect to the violation of any law, rule, regulation or ordinance pertaining to the use, maintenance, storage, transportation or disposal of "Hazardous Materials." As used herein, the term "Hazardous Materials" means any substance now or hereafter designated which is found to be toxic or harmful to humans or the environment when present in certain amounts or quantities.

4.19            Employees.  JILP has no employees that are represented by any labor union or collective bargaining unit.

4.20            Employee Benefit Plans.  The JILP Disclosure Schedule identifies each salary, bonus, material deferred compensation, material incentive compensation, stock purchase, stock option, severance pay, termination pay, hospitalization, medical, insurance, supplemental unemployment benefits, profit-sharing, pension or retirement plan, program or material agreement.

4.21            Business Locations.  Other than as set forth in the JILP Disclosure Schedule, JILP does not own or lease any real or personal property in any state or country.

4.22            Insurance.  Please see the insurance policies as set forth in the JILP Disclosure Schedule.

4.23            No Omission or Untrue Statement.  To the best of each party's knowledge, no representation or warranty made by SELLERS to AEOG in this Agreement contains or will contain any untrue statement of a material fact, or omits or will omit to state a material fact necessary to make the statements contained herein or therein not misleading as of the date hereof and as of the Closing Date.

ARTICLE V

CLOSING

5.1            Closing.  The acquisition shall be completed on a date to be mutually agreed upon between the parties but not later than August 31, 2016 on which the last of the conditions contained in this Article V is fulfilled or waived (the "Closing Date"). At the Closing, AEOG and SELLERS shall make the deliveries contemplated by this Agreement, and in accordance with the terms of this Agreement.

5.2            AEOG's Closing Deliveries.  At the Closing, in addition to documents referred elsewhere, AEOG shall cause to be delivered to SELLERS:

		(a)	a certificate, dated as of the Closing Date, executed by the Treasurer or Chief Financial Officer of AEOG, to the effect that the representations and warranties

contained in this Agreement are true and correct in all material respects at and as of the Closing Date and that AEOG has complied with or performed in all material respects all terms, covenants and conditions to be complied with or performed by AEOG on or prior to the Closing Date;

		(b)	A duly executed note for $500,000.00 in the favor of the Sellers in the form attached hereto as EXHIBIT B.

		(c)	As a condition subsequent to closing; audited financial statements required by Item 9.01(b) of Form 8-K which may be delivered up to 71 days from the date of this Agreement.

		(d)	Certified resolution of the Board of Directors and shareholders authorizing and approving the transactions set forth herein;

		(e)	The AEOG Disclosure Schedules;

		(f)	such other documents as SELLERS or their counsel may reasonably require.

5.3            JILP's Closing Deliveries.  At the Closing, in addition to documents referred to elsewhere, SELLERS shall deliver to AEOG:

		(a)	a certificate of SELLERS dated as of the Closing Date that the representations and warranties of SELLERS contained in this Agreement are true and correct in all material respects and that SELLERS have complied with or performed in all material respects all terms, covenants, and conditions to be complied with or performed by SELLERS on or prior to the Closing Date;

		(b)	certificates representing JILP shares of common stock owned by SELLERS, duly endorsed for transfer or accompanied by a properly executed stock power;

		(c)	the JILP Disclosure Schedules;

		(d)	financial statements for the period ending July 31, 2016 or more current date.

		(e)	Audited financial statements required by Item 9.01(b) of Form 8-K which may be delivered up to 71 days from the date of the Closing.

		(f)	such other documents as AEOG or its counsel may reasonably require.

ARTICLE VI

CONDITIONS TO OBLIGATIONS OF AEOG

The obligation of AEOG to consummate the Closing is subject to the following conditions, any of, which may be waived by it in its sole discretion.

6.1            Compliance by JILP and SELLERS.  JILP and SELLERS shall have performed and complied in all material respects with all agreements and conditions required by this Agreement to be performed or complied with in all material respects by SELLERS prior to or on the Closing Date;

6.2            Accuracy of JILP and SELLERS' Representations.  JILP and SELLERS' representations and warranties contained in this Agreement (including the Disclosure Schedule) or any schedule, certificate, or other instrument delivered pursuant to the provisions hereof or in connection with the transactions contemplated hereby shall be true and correct in all material respects at and as of the Closing Date (except for such changes permitted by this Agreement) and shall be deemed to be made again as of the Closing Date.

6.3            Documents.  All documents and instruments required hereunder to be delivered by JILP and SELLERS to AEOG at the Closing shall be delivered in form and substance reasonably satisfactory to AEOG.

6.4            Litigation.  No litigation seeking to enjoin the transactions contemplated by this Agreement or to obtain damages on account hereof shall be pending or, to AEOG's knowledge, be threatened.

6.5            Material Adverse Change.  Except for operations in the ordinary course of business, no material adverse change shall have occurred subsequent to April 30, 2016, in the financial position, results of operations, assets, or liabilities of JILP, nor shall any event or circumstance have occurred which would result in a material adverse change in the financial position, results of operations, assets, or liabilities of JILP.

6.6            Approval by Board of Directors.  The Board of Directors of AEOG shall have approved this Agreement and the transactions contemplated hereby.

6.7            Satisfaction with Due Diligence.  AEOG shall have been satisfied with its due diligence review of JILP, its subsidiaries and their operations.

6.8            Regulatory Compliance.  AEOG shall have received any and all regulatory approvals and consents required to complete the transactions contemplated hereby.

ARTICLE VII

CONDITIONS TO SELLERS' OBLIGATIONS

The obligation of SELLERS to consummate the Closing is subject to the following conditions, any of which may be waived by SELLERS in their discretion.

7.1            Compliance by AEOG.  AEOG shall have performed and complied in all material respects with all agreements and conditions required by this Agreement to be performed or complied with by them prior to or on the Closing Date.

7.2            Accuracy of Representations of AEOG.  The representations and warranties of AEOG contained in this Agreement (including the exhibits hereto and the AEOG Disclosure Schedule) or any

schedule, certificate, or other instrument delivered pursuant to the provisions hereof or in connection with the transactions contemplated hereby shall be true and correct in all material respects at and as of the Closing Date (except for changes permitted by this Agreement) and shall be deemed to be made again as of the Closing Date.

7.3            Litigation.  No litigation seeking to enjoin the transactions contemplated by this Agreement or to obtain damages on account hereof shall be pending or to SELLERS' knowledge, be threatened.

7.4            Documents.  All documents and instruments required hereunder to be delivered by AEOG at the Closing shall be delivered in form and substance reasonably satisfactory to SELLERS and their counsel.

7.5            Balance Sheet.  Except as set forth in AEOG Disclosure Schedule, AEOG shall have no liabilities except as incurred in the ordinary course of business, as reflected on AEOG's most recent balance sheet, or as otherwise approved by SELLERS.

7.6            Approval by Board of Directors.  The board of directors of JILP and each JILP selling shareholder shall have approved and shall have caused the execution of this agreement.

7.7            Satisfaction with Due Diligence.  SELLERS shall have been satisfied with their due diligence review of AEOG.

7.8            Regulatory Compliance.  JILP shall have received any and all regulatory approvals and consents required to complete the transactions contemplated hereby.

ARTICLE VIII

TERMINATION

8.1              Termination Prior to Closing.

(a)            If all of the terms and conditions of this Agreement and Note, attached as Exhibit B hereto, have not been satisfied by August 31, 2016 any party may terminate this Agreement at any time thereafter by giving written notice of termination to the other, provided, however, that no party may terminate this Agreement if such party has breached any material terms or conditions of this Agreement and such breach has prevented the timely closing of the Exchange. Notwithstanding the above, such deadline may be extended one or more times, only by mutual written consent of SELLERS, JILP and AEOG. Further in the event of termination of this Agreement each party will return all consideration it received from the other.

(b)            Prior to Closing, any party may terminate this Agreement following the insolvency or bankruptcy of the other party hereto, or if any one or more of the conditions to Closing set forth in Article VI or Article VII shall become incapable of fulfillment or there shall have occurred a material breach of this Agreement and either such condition of breach shall not have been waived by the party for whose benefit the condition was established, then AEOG (in the case of a condition in Article VI) or SELLERS (in the case of a condition specified in Article VII) may terminate this Agreement. In addition, either AEOG or SELLERS may terminate this Agreement upon written notice to the other if it shall reasonably determine that the Exchange has become inadvisable by reason of the institution or threat by any federal, state or municipal governmental authorities or a formal investigation or of any action, suit or proceeding of any kind against either or both parties.

8.2            Consequences of Termination.  Upon termination of this Agreement pursuant to this Article VIII or any other express right of termination provided elsewhere in this Agreement, the parties shall be relieved of any further obligation under this Agreement provided, however, that no termination of this Agreement, pursuant to this Article VIII hereof or under any other express right of termination provided elsewhere in this Agreement shall operate to release any party from any liability to any other party incurred otherwise than under this Agreement before the date of such termination, or from any liability resulting from any willful misrepresentation of a material fact made in connection with this Agreement or willful breach of any material provision hereof.

ARTICLE IX

ADDITIONAL COVENA NTS

9.1            Mutual Cooperation.  The parties hereto will cooperate with each other, and will use all reasonable efforts to cause the fulfillment of the conditions to the parties' obligations hereunder and to obtain as promptly as possible all consents, authorizations, orders or approvals from each and every third party, whether private or governmental, required in connection with the transactions contemplated by this Agreement.

9.2            Changes in Representations and Warranties of a Party.  Between the date of this Agreement and the Closing Date, no party shall directly or indirectly, enter into any transaction, take any action, or by inaction permit an otherwise preventable event to occur, which would result in any of the representations and warranties of such party herein contained not being true and correct at and as of the Closing Date. Each party shall promptly give written notice to the other parties upon becoming aware of (a) any fact which, if known on the date hereof, would have been required to be set forth or disclosed pursuant to this Agreement, and (b) any impending or threatened breach in any material respect of any of the party's representations and warranties contained in this Agreement and with respect to the latter shall use all reasonable efforts to remedy same.

9.3            SEC Filings.  The parties agree that the following filings shall be made with the Securities and Exchange Commission ("Commission"): a report on Form 8- K will be filed with the Commission disclosing the consummation of the Exchange which shall include any and all filings necessary to comply with the Exchange Act.

9.4            Conduct of Business.  During the period from the date of this Agreement until the earlier of the Closing Date or the termination of this Agreement in accordance with its terms, JILP shall continue to conduct its businesses and maintain its business relationships in the ordinary and usual course consistent with past practice and will not, without limitation, without the prior written consent of AEOG:

(a)            Sell, lease, assign transfer or otherwise dispose of any of its material assets, including cash;

(b)            Agree to, or assume guarantee, endorse or otherwise in any way be or become responsible or liable for, directly or indirectly, any material contingent obligation;

(c)            Make any material capital expenditures;

(d)            Enter into any transaction concerning a merger or consolidation other than with the other party hereto or liquidate or dissolve itself (or suffer any liquidation or dissolution) or convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of related transactions, all or a substantial part of its property, business, or assets, or stock or securities convertible into stock of any subsidiary, or make any material change in the present method of conducting business;

(e)            Declare or pay any dividends or make any other distribution (whether in cash or property) on any shares of its capital stock or purchase, redeem, retire or otherwise acquire for value any shares of its capital stock or warrants or options whether now or hereafter outstanding:

(f)            Make any advances or loans to, or investments in any person, firm, corporation or other business entity not a party to this Agreement;

(g)            Enter into any new material agreement or be or become liable under any new material agreement, for the lease, hire or use or any real or personal property; or

(h)            Create, incur, assume or suffer to exist, any mortgage, pledge, lien, charge, security interest or encumbrance of any kind upon any of its property or assets, income or profits, whether now owned or hereafter acquired.

ARTICLE X

MISCELLANEOUS

10.1            Expenses.  Each party shall each pay its own expenses incident to the negotiation, preparation, and carrying out of this Agreement, including legal and accounting and audit fees.

10.2            Survival of Representations, Warranties and Covenants.  All statements contained in this Agreement or in any certificate delivered by or on behalf of AEOG or SELLERS pursuant hereto, or in connection with the actions contemplated hereby shall be deemed representations, warranties and covenants by SELLERS and AEOG as the case may be, hereunder. All representations, warranties, and covenants made by AEOG or SELLERS in this Agreement, or pursuant hereto, shall survive the Closing in a period of two (2) years.

10.3            Publicity.  SELLERS and AEOG shall not issue any press release or make any other public statement, in each case, relating to, in connection with or arising out of this Agreement or the transactions contemplated hereby, without obtaining the prior approval of the other, which shall not be unreasonably withheld or delayed, except that prior approval shall not be required if, in the reasonable judgment of AEOG prior approval by SELLERS would prevent the timely dissemination of such release or statement in violation of applicable federal securities laws, rules or regulations or policies of the Bulletin Board.

10.4            Non-Disclosure.  A disclosing party will not at any time after the date of this Agreement, without the recipient's consent, except in the ordinary operation of its business or as required by law, divulge, furnish to or make accessible to anyone any knowledge or information with respect to confidential or secret processes, inventions, discoveries, improvements, formulae, plans, material, devices or ideas or know-how, whether patentable or not, with respect to any confidential or secret aspects of such party (including, without limitation, customer lists, supplier lists and pricing arrangements with customers or suppliers) ("Confidential Information"). The parties will not at any time after the date of this Agreement and prior to the Exchange use, divulge, furnish to or make accessible to anyone any Confidential Information (other than to its representatives as part of its due diligence or corporate investigation). Any information. which (i) at or prior to the time of disclosure by the disclosing party was generally available to the public through no breach of this covenant, (ii) was available to the

public on a non-confidential basis prior to its disclosure by the disclosing party, or (iii) was made available to the public from a third party provided that such third party did not obtain or disseminate such information in breach of any legal obligation of the disclosing party, shall not be deemed Confidential Information for purposes hereof, and the undertakings in this covenant with respect to Confidential Information shall not apply thereto. The undertakings of the parties set forth above shall terminate upon consummation of the Closing. If this Agreement is terminated pursuant to the provisions of Article VIII or any other express right of termination set forth in this Agreement, the recipient shall return to the disclosing party all copies of all Confidential Information previously furnished to it by the disclosing party.

10.5            Succession and Assignments and Third Party Beneficiaries.  This Agreement may not be assigned (either voluntarily or involuntarily) by any party hereto without the express written consent of the other parties. Any attempted assignment in violation of this Section shall be void and ineffective for all purposes. In the event of an assignment permitted by this Section, this Agreement shall be binding upon the heirs, successors and assigns of the parties hereto. There shall be no third party beneficiaries of this Agreement except as expressly set forth herein to the contrary.

10.6            Notices.  All notices, requests, demands, or other communications with respect to this Agreement shall be in writing and shall be (i) sent by facsimile transmission, (ii) sent by the United States Postal Service, registered or certified mail, return receipt requested, or (iii) personally delivered by a nationally recognized express overnight courier service, charges prepaid, to the following addresses (or such other addresses as the parties may specify from time to time in accordance with this Section)

	 	
If, to SELLERS:

	
Jed Miesner

	 	 	
JILPETCO, INC.

	 	 	
701 S. Taylor Street

	 	 	
Suite 470, LB 113

	 	 	
Amarillo, Texas 79101

	 	 	
Tel: (806) 351-2077

	 	 	
Email: jedmiesner@gmail.com

	 	 	 
	 	
If, to AEOG:

	
Stephen Salgado

	 	 	
Amazing Energy Oil and Gas, Co.

	 	 	
701 S. Taylor Street

	 	 	
Suite 470, LB 113

	 	 	
Amarillo, Texas 79101

	 	 	
Tel: (806) 322-1922

	 	 	
Email: stephen@amazingenergy.com

Any such notice shall, when sent in accordance with the preceding sentence, be deemed to have been given and received on the earliest of (i) the day delivered to such address or sent by facsimile transmission, (ii) the tenth business day following the date deposited with the United States Postal Service, as the case may be, or (iii) 72 hours after shipment by such courier service.

10.7            Construction.  This Agreement shall be construed and enforced in accordance with the internal laws of the State of Texas without giving effect to the principles of conflicts of law thereof. All

parties here by irrevocably submit to the exclusive jurisdiction of any state or federal court sitting in the state of Texas for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waive, and agree not to assert in any suit, action or proceeding, any claim that he is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper.

10.8            Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall together constitute one and the same Agreement.

10.9            No Implied Waiver; Remedies.  No failure or delay on the part of the parties hereto to exercise any right, power, or privilege hereunder or under any instrument executed pursuant hereto shall operate as a waiver nor shall any single or partial exercise of any right, power, or privilege preclude any other or further exercise thereof or the exercise of any other right, power, or privilege. All rights, powers, and privileges granted herein shall be in addition to other rights and remedies to which the parties may be entitled at law or in equity.

10.10            Entire Agreement.  This Agreement, including the Exhibits and Disclosure Schedules attached hereto, sets forth the entire understandings of the parties with respect to the subject matter hereof, and it incorporates and merges any and all previous communications, understandings, oral or written as to the subject matter hereof. and cannot be amended or changed except in writing, signed by the parties.

10.11            Headings.  The headings of the Sections of this Agreement, where employed, are for the convenience of reference only and do not form a part hereof and in no way modify, interpret or construe the meanings of the parties.

10.12            Severability.  To the extent that any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted hereof and the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.

10.13            Attorneys Fees.  In the event any legal action is brought to interpret or enforce this Agreement, the party prevailing in such action shall be entitled to recover its attorneys' fees and costs in addition to any other relief that it is entitled.

10.14            Consultants.  Each party represents to the others that there is no broker or finder entitled to a fee or other compensation for bringing the parties together to effect the Exchange.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written.

	
AEOG:

	 	
Amazing Energy Oil and Gas Co.,

	 	 	
a Nevada Corporation

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
By.

	
ARTHUR SELIGMAN

	 	 	 	
Arthur Seligman, CEO

	 	 	 	 
	 	 	 	 
	 	 	 	 
	
JILP:

	 	
Jilpetco, Inc.,

	 	 	
a Texas Corporation

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
By.

	
JED MIESNER

	 	 	 	
Arnold "Jed" Miesner, President

	 	 	 	 
	 	 	 	 
	
SELLERS:

	
LIST ALL OF THE

	 	
SIGNATURES OF SHAREHOLDERS OF

	 	
SHAREHOLDERS OF JILP

	 	
JLLP

	 	 	 	 
	 	
Arnold "Jed" Miesner

	 	
JED MIESNER

EXHIBIT A

STOCKHOLDER(S) OF SELLERS:

	
Arnold "Jed" Miesner

	
Shares Owned of Seller:

	
100%

AEOG Disclosure Schedule

Incorporated by reference; Reports filed with the SEC are accessible at the SEC's Public Reference Room at 100 F Street, NE, Washington DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. Also, the SEC maintains an Internet website that contains reports, proxy and information statements, and other information regarding issuers, including the Company, that file electronically with the SEC. The public can obtain any document we file with the SEC at www.sec.gov.

JILP and SELLERS' Disclosure Schedule

Transactions with Affiliates

	 	
**LONG TERM LIAS **

	 
	 	 	 
	
22001

	
N/P PETRO PRO LTD

	
65,000.00

	 	 	 
	
22002

	
N/P BOBBY BORIES

	
65,000.00

	 	 	 
	
22003

	
N/P TONY ALFORD

	
65,000.00

	 	 	 
	
22004

	
N/P BOB MANNING

	
20,000.00

	 	 	 
	
22005

	
N/P REESE PINNEY

	
15,000.00

	 	 	 
	
22015

	
HSB LOC #73603

	
137,500.00

	 	 	 
	 	
TOT LONG TERM LIABIL

	
367,500.00

Employee Benefit Plans:

	
1.

	
Current Employees:

Stephen Salgado – salaried

Erik Bowen – salaried

Jed Miesner – salaried

	
2.

	
Medical: $300/month added to salary for qualified employees

	
3.

	
Life Insurance for qualified employees

	
4.

	
Vacation - for qualified employees granted according to Employee Handbook

	
5.

	
Annual Performance Bonus

	
6.

	
Stock Awards Plan based on performance

Insurance Plans:

	
1.

	
Auto Insurance – Mercury Insurance

	
2.

	
Genera l Liability – Bitco Insurance Co.

	
3.

	
Control of Well – Brit Global Specialty

	
4.

	
Workers Compensation – Texas Mutual Insurance Co.

Property and Equipment:

Swab Rig

Tools for Swab Rig

Frac Tank

Frac Tank

2003 Dodge Ram 2500

2 Frac Tanks

2 Crew Trailer's

Lot#1658 -BVM 2" CL Tubing & Wed Willson 4-1/2 CL Casing Elevators, O'Bannon Rod hood, Clevis

Lot# 57 & 58 - 5 Misc. Companion Flanges, Asst Chains and boomers

Lot #81 - Joy WB-12 Air Booster p/b Detroit 8V-92T Eng, S/N-8VF103893, w/Ingersoll-Rand Air Start...

Lot #276 - 12'w x 51'1 Crew House w/2 bedrooms, bath, kitchen, office area, propane heat, centra...

Lot #1397 - Cat D6C Crawler Tractor, S/N-N/A, p/b Cat 3306 w-rops, sweeps, 12'6" w straight blad...

Lot# 1430 - (x) 1984 Mack R686ST T/A winch truck, VIN-1M2N179Y4FA088049,p/b Mack E6 3SO HP eng....

Lot #1433 - 1990 Navistar International 2574 t/a winch/vacuum truck combo, VIN-1HTGGABT4LH28235...

Lot# 1447 - 2006 Ford F-350 1-Ton 4x4 dually service truck, VIN-1FDWF37P36EA42747, p/b Ford 6.0...

Lot#1465 – 1981 Lufkin t/a oilfield float, vin 1L01B4021C1059985, 8'wx37"1 w/rt, 1R24.5 tires, ...

Lot# 1516 -1983 Speedstar Sr-50 d/d w/s rig w/7/8" & 9/16"1n p/b detroit 6-71eng, dana5 spd man...

Lot# 1517 - McKissick 50 ton tubing block w/3 16" sheaves, groved f/7/8" & set 2 1-1/2" x 48"1 el...

Lot#1518 - 1982 Speedstar SR-50 D/D w/s rig w/7/8" & 9/16" line p/b detroit 6-71 eng, Dana 5-spd...

Lot# 1519 - McKissick 50 ton tubing block w/3 16" sheaves, groved f/7/8" & set 2 1-1/2" x 36"1 el...

Lot#1554 - BJ RS hyd tubing tong w/hanger

Lot# 1588 - Guiberson type H air tubing slip

Lot# 1641 - Type T 6-seg dc safety clamp w/wrench & transport box (new)

Lot# 1642 - Type T 6-seg dc safety clamp w/wrench & transport box (new)

Lot# 1649 - Guiberson-style dbl oil saver w/hyd pump & hose (new)

Lot# 1706 - Pete's pad-type 240,000#1 wt indicator w/pad

Lot# 1708 - Uni-dial pad-type 140,000# wt indicator w/pad

Lot# 1741 - 4 pallets of hyd, air and water hose, Demeo 4 "gate valve, pipe fittings & 2" trash p...

Lot# 1753 - Lg load binders & chain

Lot# 1754 - Lg load binders & chain

Lot# 1755 - Shark Pressure washer w/burner p/b Honda 11hp gas eng.

Sand line for rigs

Hot pressure washer / steamer

Poly Welder and tools

Welder / Generator and hand tools

2014 Ford Raptor

2003 Elite Dual Tandem Trailer

Welder - SW CC

28' Shopbuild Bumper Pull Pipe Trailer Vin#311609

24' Flatbed Gooseneck Trailer Vin#179249

TEDA Foster XQ89/8A Closed Mouth Hyd. Tongs with Backup & Lift Cylinder

John Deere Backhoe (EPM)

Cat 112E SN 68E692 Grader (EPM)

33' Belshe Trailer (EPM)

Misc. Tubing/Casing/Supplies

1 Compressor, Quincy, Lot 752QY-1069

1 Compressor, Gas Jack, w/ Engine, Ford, 460,1997, S/N MP199BC, FP-31117, Lot 752QY-1055

1- Compressor, Gas Jack, w/Engine, Ford, 460, Lot 752QY-1077

Drilling Rig:

SSI5 Speesdstar TH Crane carrier mtd. with 290 Cummins w/ Leroy 256 Air Compressor and 5 x 10 Gaso Pump

63    joints 2 7/8 H90 slimline Drill pipe, Approx. 1953

  4    4-1/2" Drill collars. 30'1ong w/3-1/2" I F joints

1    4-1/2" bottom hole reamer Sub, bored for float

1.    4-1/2" reamer Sub,5" long

3    bit subs, 4-1/2" Reg. to 6 -5/8" Reg., 2 3-1/2" to 4-1/2" RegSubs.

1    4-1/2" casing Subto 2-7/8" I F

1    7" casing Subto 27/8" IF

6    lift Subs

3    saver Subs 2-7/8" x 2-7/8" H90

Casing running equipment for 8-5/8" - 7" 4-1/2" Guiberson Airslips

1    H90 Hoisting plug

36' Gooseneck trailer w/laydown track

1    4-1/2 casing elevator and cable bales

20' Gooseneck trailer w/doghouse, propane tank, and 4 tool

boxes

1    16' Utility trailer

1    Anular B.O.P. and Divertor

3    Divertors- 16" - 9"- 8"

1    Mud mixer

150 bbl water tank, trailer mtd

400 gal. Soap tank

1000 gal. Fuel tank /Electric Pump, trailer mtd

1    1600 ICH Wench truck 2/Leland Bed and Poles

1    16001HC Wench truck w/fifth wheel and gooseneck hitch

misc. blocking for rig

2    joints of 20' 4 - 1/2" Flush joint pipe for Kelly

1    4-1/2" Subw/3-1/2" I F pin and 2-7/8"H 90 box

Misc.- 4"- 3"- 2"Air hoses

1    PitJet

1    Hobart Welder+ and generator

4    acetylenebottles

EXHIBIT B

NOTE & AGREEMENT

	
$500,000.00

	
August 23,2016

Pursuant to the Acquisition Agreement, amended August 23, 2016 by and among Amazing Energy Oil and Gas Co., ("Company"), and Arnold "Jed" Miesner, ("Holder") who is the owner of all the outstanding shares of common stock of Jilpetco, Inc., the undersigned Company hereby promises to pay to Holder, at such place as Holder may specify, in lawful money of the United States of America, the amount of $500,000 plus interest at the rate of 6%.

	1)	Payments, Consideration.  On the date of this Note and Agreement (the "Agreement"). Holder will, pursuant to the Acquisition Agreement, deliver to Company certificates representing JILP shares of common stock owned by Holder, duly endorsed for transfer or accompanied by a properly executed stock power. In consideration the Company shall deliver to the Holder this note.

	2)	Repayment.  AEOG shall make payments of principal and 6% interest totaling $511,961.77, on or before the date delineated on the as follow payment schedule:

	
On closing

	
$50,752.49

	
September 25, 2016

	
$50,752.49

	
October 25, 2016

	
$50,752.49

	
November 25, 2016

	
$50,752.49

	
December 25, 2016

	
$50,752.49

	
January 25, 2017

	
$21,516.61

	
February 25, 2017

	
$21,516.61

	
March 25, 2017

	
$21,516.61

	
April 25, 2017

	
$21,516.61

	
May 25 2017

	
$21,516.61

	
June 25, 2017

	
$21.516.61

	
July 25, 2017

	
$21,516.61

	
August 25, 2017

	
$21,516.61

	
September 25, 2017

	
$21,516.61

	
October 25, 2017

	
$21,516.61

	
November 25, 2017

	
$21,516.61

	
December 25, 2017

	
$21,516.61

3)    Representations, Warranties and Covenants.

	
a)

	
Corporate Existence and Authority.  Company is and will continue to be duly organized, validly existing and in good standing under the laws Texas and will continue to be qualified and licensed to do business in all jurisdictions in which it conducts business. Company has all requisite power to transact the business it transacts and proposes to transact, to execute and deliver this Agreement, and all other documents and agreements contemplated by this Agreement, and to perform the provisions of this Agreement and to consummate the transactions contemplated by

this Agreement. This Agreement, and all other documents and agreements contemplated by this Agreement have each been duly authorized, executed and delivered by. and each is the valid and binding obligation of, Company enforceable against Company in accordance with its terms, except as may be limited by applicable bankruptcy, reorganization, insolvency, moratorium or other similar laws or by legal or equitable principles relating to or limiting creditors' rights generally.

		b)	No Conflicts.  The consummation of the transactions contemplated by this Agreement and the performance of the terms and provisions of this Agreement, and any other documents or agreements contemplated by this Agreement will not (i) contravene, result in any breach of or constitute a default under any indenture, mortgage, deed of trust, bank loan or credit agreement, corporate charter, by-laws or other material agreement or instrument to which Company is a party or by which Company is bound, (ii) conflict with or result in a breach of any of the terms, conditions or provisions of any order of any court, arbitrator or Federal, State, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign (collectively, "Governmental Person") applicable to Company or (iii) violate any material provision of any statute or other rule or regulation of any Governmental Person applicable to Company. which could have a material adverse effect on Company.

		c)	Books and Records.  Company has maintained and will maintain at Company's chief executive office complete and accurate books and records, comprising an accounting system in accordance with generally accepted accounting principles and has made such records available to Holder as requested by Holder.

		d)	Financial Condition, Statements and Reports. All financial statements now or in the future requested by and delivered to Holder have been, and will be, prepared in conformity with generally accepted accounting principles and now and in the future will completely and (to the best of Company's know ledge) fairly reflect the financial condition of Company, at the times and for the periods therein stated. Bet ween the last date covered by any such statement provided to Holder and the date hereof: there has been no material adverse change in the financial condition or business of Company.

		e)	Litigation.  There is no suit, litigation, proceeding or investigation pending or (to the best of Company's knowledge) against or affecting Company in any court or before any governmental agency (or any basis therefore known to Company) which could normally or reasonably be expected to result, either separately or in the aggregate, in any material adverse change in the financial condition or business or Company, or in any material impairment in the ability of Company to carry on its business in substantially the same manner as it is now being conducted.

		f)	Use of Proceeds.  All proceeds of the loan shall be used solely for lawful business purposes as part of the general working capital.

		g)	Intellectual Prope1ty.  Company possesses all material licenses, permits, franchises, authorizations, patents, copyrights, trademarks and trade names and any other tangible or intangible or intellectual property rights, or rights thereto, required to conduct its business substantially as now conducted and as currently proposed to be conducted, without actual knowledge of conflict with the rights of others.

		h)	Indebtedness.  The Company has no preexisting loans or indebtedness.

		i)	Disclosure.  The Holder has not relied on any representations or other statement except as made to the Holder in writing.

		j)	Performance. Company shall pay the principal on the loan evidenced by this Agreement in the manner provided in this Agreement. The obligation of Company described in the preceding sentence is absolute and unconditional, irrespective of any tax or accounting treatment of such obligation including without limitation any documentary stamp, transfer, ad valorem or other taxes assessed by any jurisdiction in connection with this transaction.

		k)	Taxes. Company shall make all necessary tax filings and reports and pay prior to delinquency all taxes, assessments and governmental levies that may be imposed upon Company, except as contested in good faith and by appropriate proceedings.

		l)	Insurance. Company shall maintain insurance with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which Company operates.

		m)	The Parties acknowledge that the Company has entered into an agreement with Jilpetco Inc. ("JILP"), whereby AEOG will purchase all outstanding shares of the Holder. Should such transaction be consummated prior to the repayment of this Note, with all interest and fees, then the Holder may, by notice to Company, declare the unpaid principal amount of the loan to be, and the same shall forthwith become, due and payable, together with the interest accrued thereon and all other and fees and amounts payable by Company hereunder.

4)    Prepayments.

		a)	Company may, from time to time, prepay the loan evidenced hereby, in whole or in part, so long as each partial prepayment or principal is equal to or greater than $1,000.00. Any such prepayment of principal shall be without premium or penalty. Any principal prepaid pursuant to this Section shall be in addition to, and not in lieu of, all payments otherwise required to be paid under this Agreement.

5)    Events of Default; Remedies.

		a)	Events of Default Defined and Acceleration of Maturity.  If any of the following events ("Events of Default") shall occur and be continuing (for any reason whatsoever and whether it shall be voluntary or involuntary or by operation of law or otherwise):

		i)	default shall be made in the payment of the principal of the loan when and as the same shall become due and payable, whether at stated maturity, by acceleration, or

		ii)	default shall be made in the performance or observance of any covenant, agreement or condition contained in this Agreement or in any of the other Loan Documents, and such default shall have continued for a period of five (5) business days; or

		iii)	Company shall (1) apply for or consent to the appointment of, or the taking of possession by, a receiver, custodian , trustee or liquidator of itself or of all or a substantial part of its property and assets, (2) be generally unable to pay its debts as such debts become due, (3) make a general assignment for the benefit of its creditors, (4) commence a voluntary case under the United States Bankruptcy Code or similar law or regulation (as now or hereafter in effect), (5) file a petition seeking to take advantage of any other law providing for the relief of debtors, (6) fail to controvert in a timely or appropriate manner, or acquiesce in writing to, any petition filed against it in an involuntary case under the United States Bankruptcy Code or other law or regulation, (7) dissolve, (8) take any corporate action under any applicable law analogous to any of the foregoing, or (9) take any corporate action for the purpose of effecting any of the foregoing; or

		iv)	a proceeding or case shall be commenced, without the application or consent of Company in any court of competent jurisdiction, seeking (1) the liquidation, reorganization, dissolution, winding up or composition or readjustment of its debts, (2) the appointment of a trustee, receiver, custodian, liquidator or the like of it or for all or any substantial part of its assets, or (3) similar relief in respect of Company, under any law providing for the relief of debtors, and such proceeding or case shall continue undismissed, or unstayed and in effect, for a period of sixty (60) days; or an order for relief shall be entered in an in voluntary case under the United States Bankruptcy Code or other similar law or regulation, against Company; or action under the laws of any jurisdiction affecting Company analogous to any of the foregoing shall be taken with respect to Company and shall continue unstayed and in effect for any period of sixty (60) days; or

		v)	final judgment for the payment of money shall be rendered by a court of competent jurisdiction against Company and Company shall not discharge the same or provide for its discharge in accordance with its terms, or procure a stay of execution thereof within sixty (60) days from the date of entry thereof and within said period of sixty (60) days, or such longer period during which execution of such judgment shall have been stayed, appeal therefrom and cause the execution thereof to be stayed during such appeal, and such judgment together with all other such judgments shall exceed in the aggregate US$250,000;

then upon the occurrence of any Event of Default described above the Holder may, by notice to Company, declare the unpaid principal amount of the loan to be, and the same shall forth with become, due and payable, together with the interest accrued thereon and all other and fees and amounts payable by Company hereunder.

		b)	Remedies Cumulative.  No remedy herein conferred upon Holder is intended to be exclusive of any other remedy and each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or otherwise.

		c)	Remedies Not Waived.  No course of dealing between Company and any other person and no delay or failure in exercising any rights hereunder or under the loan in respect thereof shall operate as a waiver of Holders rights.

6)    Miscellaneous.

		a)	Reliance on and Survival of Representations.  All representations, warranties, covenants and agreements of Company herein shall be deemed to be material and to have been relied upon by Holder and shall survive the execution and delivery of this Agreement and of the Securities, for so long as the loan remains outstanding.

		b)	Successors and Assigns.  This Agreement shall bind and inure to the benefit of and be enforceable by Company, Holder and each of their respective successors and assigns, and, in addition, shall inure to the benefit of and be enforceable by each person who shall from time to time be a holder of the loan. Holder shall be permitted to transfer the Securities in accordance with their terms and in accordance with applicable restrictions under applicable federal and state securities laws.

		c)	Notices.  All notices and other communications provided for in this Agreement shall be in writing and delivered by registered or certified mail, postage prepaid, or delivered by overnight courier (for next business day de livery) or telecopied, addressed as follows, or at such other address as any of the parties hereto may hereafter designate by notice to the other parties given in accordance with this Section:

	 	 	
if, to Company:

	 	 	
Stephen Salgado

	 	 	
Amazing Energy Oil and Gas, Co.

	 	 	
701 S. Taylor Street

	 	 	
Suite 470, LB 113

	 	 	
Amarillo, Texas 79101

	 	 	
Tel: (806) 322-1922

	 	 	
Fax: (806) 351-2088

	 	 	
Email: stephen@amazingenergy.com

	 	 	 
	 	 	 
	 	 	 
	 	
If, to Holder:

	 	 	
Arnold "Jed" Miesner

	 	 	
701 S. Taylor Street

	 	 	
Suite 470, LB 113

	 	 	
Amarillo, Texas 79101

	 	 	
Tel: (806) 351-2077

	 	 	
Email: jedmiesner@gmail.com

Any such notice or communication shall be deemed to have been duly given on the fifth day after being so mailed, the next business day after delivery by overnight courier, when received when sent by telecopy or upon receipt when delivered personally.

		d)	Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. Signatures may be exchanged by telecopy, with original signatures to follow. Each of the parties hereto agrees that it will be bound by its own telecopied signature and that it accepts the telecopied signatures of the other parties to this Agreement. The original signature pages shall be forwarded to Holder or its counsel and Holder or its counsel will provide all of the parties hereto with a copy of the entire Agreement.

		e)	Amendments.  This Agreement may only be amended by a writing, duly executed by the parties hereto.

		f)	Severability.  If any term or provision of this Agreement or any other document executed in connection herewith shall be determined to be illegal or unenforceable, all other terms and provisions hereof and thereof shall nevertheless remain effective and shall be enforced to the fullest extent permitted by applicable law.

		g)	Governing Law; Submission to Process.

THIS AGREEMENT AND ALL AMENDMENTS, SUPPLEMENTS, WAIVERS AND CONSENTS RELATING HERETO OR THERETO SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW

		h)	Entire Agreement.  This Agreement contains the entire Agreement of the parties hereto with respect to the transactions contemplated here by and supersedes all previous oral and written, and all previous contemporaneous oral negotiations, commitments and understandings.

		i)	Further Assurances.  Company agrees promptly to execute and deliver such documents and to take such other acts as are reasonably necessary to effectuate the purposes of this Agreement.

		j)	Headings.  The headings contained herein are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

		k)	Assignments and Participations.  Company may not assign its rights or obligations hereunder or under the loan without the prior written consent of Holder. Holder may not assign all or any portion of the loan without the prior consent of Company.

		l)	Jury Waiver.

HOLDER AND COMPANY EACH WAIVES ANY RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN.

		m)	Sophisticated investor.  Holder hereby warrants that he has received and fully reviewed, any documents which he deemed relevant to making an investment in the Company. The Holder has adequate means of meeting his financial needs for liquidity and possible personal contingencies; is able to bear the economic risks of an investment for an indefinite period. He can afford a

complete loss of such investment; and has such knowledge and experience in financial, tax and business matters as to enable such party to utilize the information made available to such party, to evaluate the merits and risks of an investment in the Securities and to make an informed investment decision. The Holder warrants that he is either an "accredited investor" and is a sophisticated investor familiar with the risks and that, by reason of his knowledge and experience in financial and business matters in general, he is capable of evaluating the merits and risks.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year set forth above.

	
COMPANY:

	
Amazing Energy Oil and Gas Co.,

	 	
a Nevada Corporation

	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
By.

	
ARTHUR SELIGMAN

	 	 	 	
Arthur Seligman, CEO

	 	 	 	 
	 	 	
By:

	
STEPHEN SALGADO

	 	 	 	
Secretary

	 	 	 	 
	 	 	 	 
	 	 	 	 
	
HOLDER:

	
Arnold "Jed" Miesner.,

	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
By.

	
JED MIESNER

	 	 	 	
Arnold "Jed" Miesner, PresidentEX-10.1

 Exhibit 10.1 

ESCROW DEPOSIT AGREEMENT 

This ESCROW DEPOSIT AGREEMENT (this “Agreement”), dated as of this 25th day of August 2016, by and among FOTV MEDIA
NETWORKS INC., a Delaware corporation (the “Company”), having an address at 338 N. Canon Drive, 3rd Floor, Beverly Hills, California 90210, MONARCH BAY SECURITIES, LLC
(the “Underwriter”), a California limited liability company, having an address at 898 N. Sepulveda Blvd., Suite 475, El Segundo, CA 90245, and UMB BANK, N.A. (the “Escrow Agent”), a national banking
association organized and existing under the laws of the United States of America , having an office at 1010 Grand Boulevard, 4th Floor, Kansas City, MO 64106. All capitalized terms not herein
defined shall have the meaning ascribed to them in that certain Prospectus incorporated in the Registration Statement on Form S-1, originally filed with the U.S. Securities and Exchange Commission on July 5, 2016, in connection with the
Company’s initial public offering of its shares of Common Stock, as amended or supplemented from time to time, including all exhibits thereto (the “Prospectus”). 

W I T N E S S E T H: 

WHEREAS, pursuant to the terms of the Prospectus, the Company desires to sell (the “Offering”) a minimum of
$20,000,000 (the “Minimum Amount”) and a maximum of $30,000,000 (the “Maximum Amount”) of its shares of Common Stock (the “Shares”), with each Share being sold at a price of $8.00 per Share; 

WHEREAS, unless the Company sells the Minimum Amount and the Shares are listed for trading on the Nasdaq Capital Market on or before
sixty (60) days after the date of the Prospectus (the “Termination Date”), the Offering shall terminate and all funds shall be returned to the subscribers in the Offering, and if the Minimum Amount and Nasdaq listing are
satisfied, the Offering may continue until the Termination Date; 
 WHEREAS, the Company and Underwriter desire to establish an
escrow account with the Escrow Agent into which the Company and Underwriter shall instruct subscribers introduced to the Company by Underwriter (the “Subscribers”) to deposit checks and other instruments for the payment of money
made payable to the order of “UMB Bank as Escrow Agent for FOTV Media Networks Inc.,” and the Escrow Agent is willing to accept said checks and other instruments for the payment of money in accordance with the terms hereinafter set forth;

 WHEREAS, the Company, as issuer, and Underwriter, as the lead managing underwriter, represent and warrant to the Escrow Agent that
they will comply with all of their respective obligations under applicable federal and state securities laws and regulations with respect to sale of the Offering; 

WHEREAS, the Company and Underwriter represent and warrant to the Escrow Agent that they have not stated to any individual or entity
that the Escrow Agent’s duties will include anything other than those duties stated in this Agreement; and 

  

					
		 		 	Escrow Deposit Agreement

 WHEREAS, the Company and Underwriter warrant to the Escrow Agent that a copy of each
document that has been delivered to Subscribers and third parties that includes the Escrow Agent’s name and duties has been attached hereto as Schedule I. 

NOW, THEREFORE, IT IS AGREED as follows: 
 1. Delivery
of Escrow Funds. 
 (a) The Underwriter and the Company shall instruct Subscribers to deliver to the Escrow Agent checks made payable to
the order of “UMB Bank, as Escrow Agent for FOTV Media Networks Inc.,” or by ACH or wire transfer to UMB Bank, ABA No. 101000695 1010 Grand Boulevard, 4th Floor, Kansas City, MO
64106, for credit to UMB Bank, as Escrow Agent for FOTV Media Networks Inc., Account No. 9800006823, in each case with the name and address of the individual or entity making payment. In the event any Subscriber’s address is not provided
to Escrow Agent by the Subscriber, then the Company and/orUnderwriter agrees to promptly provide Escrow Agent with such information in writing. The checks, ACH or wire transfers shall be deposited into a non-interest-bearing account at UMB Bank
entitled “UMB Bank as Escrow Agent for FOTV Media Networks Inc.” (the “Escrow Account”). 
 (b) The collected
funds deposited into the Escrow Account are referred to as the “Escrow Funds.” 
 (c) The Escrow Agent shall have no duty
or responsibility to enforce the collection or demand payment of any funds deposited into the Escrow Account. If any checks deposited in the Escrow Account are returned or prove uncollectible after the funds represented thereby have been released by
the Escrow Agent, then the Company shall promptly reimburse the Escrow Agent for any and all costs incurred for such, upon request. 
 2. Release of
Escrow Funds. The Escrow Funds shall be paid by the Escrow Agent in accordance with the following: 
 (a) In the event that the Company
and Underwriter advise the Escrow Agent in writing that the Offering has been terminated (the “Termination Notice”), the Escrow Agent shall promptly return the funds paid by each Subscriber directly to said Subscriber without
interest or offset. 
 (b) Provided that the Escrow Agent does not receive the Termination Notice in accordance with Section 2(a) and
the Escrow Agent receives a written certification from the Company that there is the Minimum Amount deposited into the Escrow Account and the Company has satisfied the listing conditions to trade the Shares on the Nasdaq Capital Market on or prior
to the Termination Date, the Escrow Agent shall, upon receipt of written instructions, in the form of Exhibit A attached hereto and made a part hereof received from the Company and Underwriter, pay the Escrow Funds in accordance with such
written instructions. Such payment or payments shall be made by wire transfer within one (1) Business Day of receipt of such written instructions, which must be received by the Escrow Agent no later than 3:00 p.m., Eastern Time, on a Business
Day for the Escrow Agent to process such instructions that Business Day. 

  

					
		 	2	 	Escrow Agreement

 (c) If by 3:00 p.m., Eastern time, on the Termination Date, the total amount of the Escrow Funds
is less than the Minimum Amount or the Nasdaq listing conditions have not been satisfied, then Company shall notify the Escrow Agent in writing of the occurrence of the Termination Date and the Escrow Agent shall promptly return the Escrow Funds
directly to the Subscribers without interest or offset. The Escrow Agent shall have no obligation to monitor the occurrence of the Termination Date. The Escrow Funds returned to each Subscriber shall be free and clear of any and all claims of the
Escrow Agent. 
 (d) The Escrow Agent shall not be required to pay any uncollected funds or any funds that are not available for withdrawal.

 (e) If the Termination Date or any date that is a deadline under this Agreement for giving the Escrow Agent notice or instructions or for
the Escrow Agent to take action is not a Business Day, then such date shall be the Business Day that immediately precedes that date. A “Business Day” is any day other than a Saturday, Sunday or a Bank holiday. 

3. Acceptance by Escrow Agent. The Escrow Agent hereby accepts and agrees to perform its obligations hereunder, provided that: 

(a) The Escrow Agent may act in reliance upon any signature believed by it to be genuine, and may assume that any person who has been
designated by Underwriter or the Company to give any written instructions, notice or receipt, or make any statements in connection with the provisions hereof has been duly authorized to do so. Escrow Agent shall have no duty to make inquiry as to
the genuineness, accuracy or validity of any statements or instructions or any signatures on statements or instructions. The names and true signatures of each individual authorized to act singly on behalf of the Company and Underwriter are stated in
Schedule II, which is attached hereto and made a part hereof. The Company and Underwriter may each remove or add one or more of its authorized signers stated on Schedule II by notifying the Escrow Agent of such change in accordance
with this Agreement, which notice shall include the true signature for any new authorized signatories. 
 (b) The Escrow Agent may act
relative hereto in reliance upon advice of counsel in reference to any matter connected herewith. The Escrow Agent shall not be liable for any mistake of fact or error of judgment or law, or for any acts or omissions of any kind, unless caused by
its willful misconduct or gross negligence. 
 (c) The Underwriter and the Company agree to jointly and severally indemnify and hold the
Escrow Agent harmless from and against any and all claims, losses, costs, liabilities, damages, suits, demands, judgments or expenses (including but not limited to reasonable attorney’s fees) claimed against or incurred by Escrow Agent arising
out of or related, directly or indirectly, to this Escrow Agreement unless caused by the Escrow Agent’s gross negligence or willful misconduct. The terms of this Section shall survive the termination of this Agreement and the resignation or
removal of the Escrow Agent. 

  

					
		 	3	 	Escrow Agreement

 (d) In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder,
the Escrow Agent shall be entitled to (i) refrain from taking any action other than to keep safely the Escrow Funds until it shall be directed otherwise by a court of competent jurisdiction, or (ii) deliver the Escrow Funds to a court of
competent jurisdiction. Upon delivery of the Escrow Funds of a court of competent jurisdiction, the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds.
Notwithstanding the foregoing, the Escrow Agent may in its discretion obey the order, judgment, decree or levy of any court, whether with or without jurisdiction and the Escrow Agent is hereby authorized in its sole discretion to comply with and
obey any such orders, judgments, decrees or levies. 
 (e) The Escrow Agent shall have no duty, responsibility or obligation to interpret or
enforce the terms of any agreement other than Escrow Agent’s obligations hereunder, and the Escrow Agent shall not be required to make a request that any monies be delivered to the Escrow Account, it being agreed that the sole duties and
responsibilities of the Escrow Agent shall be to the extent not prohibited by applicable law (i) to accept checks or other instruments for the payment of money and wire transfers delivered to the Escrow Agent for the Escrow Account and deposit
said checks and wire transfers into the non-interest bearing Escrow Account, and (ii) to disburse or refrain from disbursing the Escrow Funds as stated above, provided that the checks received by the Escrow Agent have been collected and are
available for withdrawal, (iii) to provide to the Company and Underwriter a schedule of Subscribers including the date funds were received and Subscriber name and amount. Escrow Agent shall be under no duty to determine whether the Company or
the Underwriter is complying with requirements of this Agreement, the Offering or applicable securities or other laws in tendering the funds to the Escrow Agent. No other agreement entered into between the parties, or any of them, shall be
considered as adopted or binding, in whole or in part, upon the Escrow Agent notwithstanding that any such other agreement may be referred to herein or deposited with the Escrow Agent or the Escrow Agent may have knowledge thereof, including
specifically but without limitation the Prospectus, and the Escrow Agent’s rights and responsibilities shall be governed solely by this Agreement. The Escrow Agent shall not be responsible for or be required to enforce any of the terms or
conditions of any Offering document or other agreement between the Company and any other party. 
 (f) IN NO EVENT SHALL THE ESCROW AGENT BE
LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL LOSSES OR DAMAGES OF ANY KIND WHATSOEVER (INCLUDING WITHOUT LIMITATION LOST PROFITS), EVEN IF THE ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES
AND REGARDLESS OF THE FORM OF ACTION. 
 4. Escrow Account Statements and Information. The Escrow Agent agrees to send to the Company and/or the
Underwriter a copy of the Escrow Account periodic statement, and to also provide the Company and/or Underwriter, or their designee, upon request other deposit account information, including Escrow Account balances, by telephone or by computer
communication, to the extent practicable. The Company and Underwriter agree to complete and sign all forms or agreements required by the Escrow Agent for that purpose. The Company and Underwriter each consent to the Escrow Agent’s release of
such Escrow Account information to any of the 

  

					
		 	4	 	Escrow Agreement

 
individuals designated by Company or Underwriter, which designation has been signed in accordance with Section 3(a) by any of the persons in Schedule II. Further, the Company and
Underwriter have an option to receive e-mail notification of incoming and outgoing wire transfers. If this e-mail notification service is requested and subsequently approved by the Escrow Agent, the Company and/or Underwriter agrees to provide a
valid e-mail address and other information necessary to set-up this service and sign all forms and agreements required for such service. The Company and Underwriter each consent to the Escrow Agent’s release of wire transfer information to the
designated e-mail address(es). The Escrow Agent’s liability for failure to comply with this section shall not exceed the cost of providing such information. 

5. Resignation and Termination of the Escrow Agent. The Escrow Agent may resign at any time by giving thirty (30) days’ prior written notice
of such resignation to Underwriter and the Company. Upon providing such notice, the Escrow Agent shall have no further obligation hereunder except to hold as depositary the Escrow Funds that it receives until the end of such thirty (30)-day period.
In such event, the Escrow Agent shall not take any action, other than receiving and depositing Subscribers checks and wire transfers in accordance with this Agreement, until the Company has designated a banking corporation, trust company, attorney
or other person as successor. Upon receipt of such written designation signed by Underwriter and the Company, the Escrow Agent shall promptly deliver the Escrow Funds to such successor and shall thereafter have no further obligations hereunder. If
such instructions are not received within thirty (30) days following the effective date of such resignation, then the Escrow Agent may deposit the Escrow Funds held by it pursuant to this Agreement with a clerk of a court of competent
jurisdiction pending the appointment of a successor. In either case provided for in this section, the Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with respect to the Escrow Funds. 

6. Termination. The Company and Underwriter may terminate the appointment of the Escrow Agent hereunder upon written notice specifying the date upon
which such termination shall take effect, which date shall be at least thirty (30) days from the date of such notice. In the event of such termination, the Company and Underwriter shall, within thirty (30) days of such notice, appoint a
successor escrow agent and the Escrow Agent shall, upon receipt of written instructions signed by the Company and Underwriter, turn over to such successor escrow agent all of the Escrow Funds; provided, however, that if the Company and
Underwriter fail to appoint a successor escrow agent within such thirty (30) day period, such termination notice shall be null and void and the Escrow Agent shall continue to be bound by all of the provisions hereof. Upon receipt of the Escrow
Funds, the successor escrow agent shall become the escrow agent hereunder and shall be bound by all of the provisions hereof and Escrow Agent shall be relieved of all further obligations and released from all liability thereafter arising with
respect to the Escrow Funds and under this Agreement. 
 7. Investment. All funds received by the Escrow Agent shall be held only in non-interest
bearing bank accounts at Escrow Agent. 
 8. Compensation. The Escrow Agent shall be entitled, for the duties to be performed by it hereunder, as set
forth in Exhibit B which fee shall be paid by the Company upon the signing of this Agreement. In addition, the Company shall be obligated to reimburse Escrow Agent for all 

  

					
		 	5	 	Escrow Agreement

 
additional fees for services performed that are not contemplated by this agreement, and costs and expenses incurred or that become due in connection with this Agreement or the Escrow Account,
including reasonable attorney’s fees. Neither the modification, cancellation, termination or rescission of this Agreement nor the resignation or termination of the Escrow Agent shall affect the right of Escrow Agent to retain the amount of any
fee which has been paid, or to be reimbursed or paid any amount which has been incurred or becomes due, prior to the effective date of any such modification, cancellation, termination, resignation or rescission. To the extent the Escrow Agent has
incurred any such expenses, or any such fee becomes due, prior to therelease of the Escrow Funds in accordance with Section 2(b), the Escrow Agent shall advise the Company and the Company shall direct all such amounts to be paid directly to the
Escrow Agent. 
 9. Notices. All notices, requests, demands and other communications required or permitted to be given hereunder shall be in writing
and shall be deemed to have been duly given if sent by hand-delivery, by facsimile (followed by first-class mail), by nationally recognized overnight courier service or by prepaid registered or certified mail, return receipt requested, to the
addresses set forth below: 
 If to Underwriter: 

Monarch Bay Securities, LLC 
 898
N. Sepulveda Blvd., Suite 475 
 El Segundo, CA 90245 

Attention: Mr. Keith C. Moore, CEO 

Fax: (815) 301-8099 
 If to
the Company: 
 FOTV Media Networks Inc. 

338 N. Canon Drive, 3rd Floor 

Beverly Hills, California 90210 

Attention: Mr. Alkiviades (Alki) David, Chairman and Chief Executive Officer 

Fax: (310) 861-1059 
 If to
Escrow Agent: 
 UMB Bank, N.A. 

Corporate Trust & Escrow Services 

1010 Grand Boulevard, 4th Floor 

Kansas City, MO 64106 
 Attention:
Ms. Lara L. Stevens 
 Fax: (816) 860-3029 

10. General. 
 (a) This Agreement shall
be governed by and construed and enforced in accordance with the laws of the State of New York applicable to agreements made and to be entirely performed within such State, without regard to choice of law principles and any action brought

  

					
		 	6	 	Escrow Agreement

 
hereunder shall be brought in the courts of the State of New York, located in the County of New York. Each party hereto irrevocably waives any objection on the grounds of venue, forum
nonconveniens or any similar grounds and irrevocably consents to service of process by mail or in any manner permitted by applicable law and consents to the jurisdiction of said courts. Each of the parties hereto hereby waives all right to trial by
jury in any action, proceeding or counterclaim arising out of the transactions contemplated by this Agreement. 
 (b) This Agreement sets
forth the entire agreement and understanding of the parties with respect to the matters contained herein and supersedes all prior agreements, arrangements and understandings relating thereto. 

(c) All of the terms and conditions of this Agreement shall be binding upon, and inure to the benefit of and be enforceable by, the parties
hereto, as well as their respective successors and assigns. 
 (d) This Agreement may be amended, modified, superseded or canceled, and any
of the terms or conditions hereof may be waived, only by a written instrument executed by each party hereto or, in the case of a waiver, by the party waiving compliance. The failure of any party at any time or times to require performance of any
provision hereof shall in no manner affect its right at a later time to enforce the same. No waiver of any party of any condition, or of the breach of any term contained in this Agreement, whether by conduct or otherwise, in any one or more
instances shall be deemed to be or construed as a further or continuing waiver of any such condition or breach or a waiver of any other condition or of the breach of any other term of this Agreement. No party may assign any rights, duties or
obligations hereunder unless all other parties have given their prior written consent. 
 (e) If any provision included in this Agreement
proves to be invalid or unenforceable, it shall not affect the validity of the remaining provisions. 
 (f) This Agreement and any
modification or amendment of this Agreement may be executed in several counterparts or by separate instruments and all of such counterparts and instruments shall constitute one agreement, binding on all of the parties hereto. 

11. Form of Signature. The parties hereto agree to accept a facsimile transmission copy of their respective actual signatures as evidence of their
actual signatures to this Agreement and any modification or amendment of this Agreement; provided, however, that each party who produces a facsimile signature agrees, by the express terms hereof, to place, promptly after transmission
of his or her signature by fax, a true and correct original copy of his or her signature in overnight mail to the address of the other party. The parties hereto agree that the transactions described herein may be conducted and related documents by
stored and sent by electronic means. 
 12. No Third-Party Beneficiaries. This Agreement is solely for the benefit of the parties and their
respective successors and permitted assigns, and no other person has any right, benefit, priority, or interest under or because of the existence of this Agreement. 

  

					
		 	7	 	Escrow Agreement

 13. Patriot Act Compliance. The Company and the Underwriter shall provide to Escrow Agent upon the
execution of this Agreement any documentation requested and any information reasonably requested by the Escrow Agent to comply with the USA Patriot Act of 2001, as amended from time to time. 

[Signature page follows] 

  

					
		 	8	 	Escrow Agreement

 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date first set
forth above. 
  

			
	FOTV MEDIA NETWORKS INC.
		
	By:	 	 /s/ Peter van Pruissen

		 	Name: Peter van Pruissen
		 	Title:   Chief Financial Officer

  

			
	MONARCH BAY SECURITIES, LLC
		
	By:	 	 /s/ Keith Moore

		 	Name: Keith Moore
		 	Title:   CEO

  

			
	UMB BANK, N.A., as Escrow Agent
		
	By:	 	 /s/ Casey Gunning

		 	Name: Casey Gunning
		 	Title:   Senior Vice President

  

					
		 	9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00261-of-00352.parquet"}]]