august 16, 2018 by email to * * * @ * * * jason clayton, president sixty six oilfield services, inc. five star rig and supply p. o. box 96406 oklahoma city, oklahoma 73149 five star rig and supply p. o. box 96406 five star rig and supply p. o. box 96406 oklahoma city, oklahoma 73149 oklahoma city, oklahoma 73149 re : letter of intent to acquire fluid end sales, inc. dear mr. clayton : please consider this letter as an expression of interest by 10sion holdings, inc. a florida corporation, to acquire fluid end sales, inc. ( d / b / a five star rig & supply ), an oklahoma corporation and wholly owned subsidiary of sixty six oilfield services, on the terms and conditions set forth below and in exhibit a. if sixty six oilfield services would like to work towards the completion of this acquisition, please sign and date this letter on the last page and return a scan to me by email. upon your acceptance, this letter will become a legally binding, conditional letter intent. the time frame for contract and closing requires both the s - 1 clearing the sec and raising both debt and equity funding with the intent to be listed on a fully reporting major institutional exchange. 10sion ’ s management understands that sixty six oilfield services acquired fluid end sales as of july 9, 2018 pursuant to a stock exchange agreement and that this transaction is closed. the stock exchange agreement provided the option to spin off of sixty six ’ s subsidiary, 66 oilfield services, llc to its original owners. since sixty six oilfield services is listed on an entry level developmental exchange and a full audit is required to become fully reporting on a major listed exchange, the spin off by the company of its subsidiary may present an audit challenge and prevent a stand - alone audit to be completed on the company. further, due to the current listing level, the company may be unable to sell shares of its common stock to partially fund the equity portion of the amount of the purchase of oil drilling rigs without dramatically increasing the number of its authorized common stock or affecting a reverse stock split. the resulting price per share which sixty six oilfield services could expect to sell shares for could then be minimal or significant dilution could occur such that shares representing control would be required to be sold to the public which could impede the viability of sixty six and as such sixty six would not be able to