Spotlight Innovation LLC entered into an agreement to acquire American Exploration Corporation (OTCPK: AEXP) in a reverse merger transaction on January 13, 2013. As per the terms of merger agreement, all of the issued and outstanding membership interests of Spotlight will be converted into the right to receive an aggregate of 7.5 million fully paid and non-assessable shares of the restricted common stock of American Exploration Corporation on a post reverse split basis of 100:1. American Exploration Corporation will change its name to Spotlight Innovation, Inc. upon the closing of transaction. Post acquisition, directors and officers of American Exploration Corporation will resign and Cris Grunewald, Manager of Spotlight Innovation will be the sole member of the Board of Directors and will be the President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer of American Exploration Corporation.

The deal is subject to approval of majority shareholders of American Exploration Corporation, due diligence, amendment to certification of incorporation, resignation of American Exploration's Directors, obtaining financing in an amount of at least $0.24 million and reverse stock split. The Manager of Spotlight Innovation and Board of Directors of American Exploration have approved the merger.

Spotlight Innovation LLC completed the acquisition of American Exploration Corporation (OTCPK: AEXP) in a reverse merger transaction on December 10, 2013.