DEFINITVE AGREEMENTMerger Agreement • December 31st, 2008 • Alternate Energy Corp • Industrial inorganic chemicals • Nevada
This DEFINITIVE AGREEMENT (the “Agreement”), dated the 12th day of December, 2008, sets forth the mutual understanding and agreement in principle between Alternate Energy Corp. a Nevada corporation (“ARGY”) and Treaty Petroleum, Inc., a Texas corporation (“Treaty” or the “Company”) pursuant to which Treaty will merge with “AEC Sub”, a wholly-owned subsidiary of Alternate Energy (the “Merger”). In consideration of the Merger, the shareholders of Treaty will receive at the closing a number of shares of Alternate Energy’s common stock, which upon issuance would represent ninety percent (90%) of Alternate Energy’s common stock. Upon completion of the Merger the surviving company’s name will be changed to Treaty Energy Corporation.
