0001062993-22-016215 Sample Contracts

PETROTEQ AND VISTON UNITED SWISS AG ENTER INTO LETTER AGREEMENT REGARDING THE VISTON TENDER OFFER
Letter Agreement • July 11th, 2022 • Petroteq Energy Inc. • Drilling oil & gas wells

SHERMAN OAKS, CA and TORONTO, ON / / July 6, 2022 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV;PQE)(OTCPINK:PQEFF)(FSE:PQCF) and Viston United Swiss AG ("Viston"), acting through 2869889 Ontario Inc. (the "Offeror") wish to announce that, following a video conference call between and among Petroteq, Viston and their respective counsel on Wednesday, June 22, 2022, Petroteq, Viston and the Offeror have entered into a letter agreement as of July 5, 2022 (the "Letter Agreement") in connection with the pending offer by the Offeror to purchase all of the outstanding common shares of Petroteq (the "Offer").

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