American Metals Recovery and Recycling Inc. (OTCPK:AMRR) acquired Substantially All Assets of Multiband Global Resources, LLC on August 31, 2022. In exchange for 1 million shares of Series A Convertible Preferred Stock of the Company, par value $0.001 per share (the ?Series A Preferred Stock?) issued to the Frinzi Family Trust. One of the closing conditions was the execution of a certain trademark acquisition agreement by and between the Company and Goodman Networks Inc., a Texas corporation, assigning tradenames of ?Multiband? and ?Multiband Global? to the Company. The Trademark Agreement was executed on August 16, 2022.

American Metals Recovery and Recycling Inc. (OTCPK:AMRR) completed the acquisition of Substantially All Assets of Multiband Global Resources, LLC on August 31, 2022. On November 16, 2022, the Company entered into an Amendment to the Asset Purchase Agreement (the ?Amendment?) with MGBR pursuant to which, among other things, the Company and MGBR amended the consideration payable under the Asset Purchase Agreement as follows: (i) the Company and MGBR waived MGBR?s obligation to pay to the Company One Million Dollars ($1,000,000.00) in cash and the Company?s obligation to issue to MGBR or its designee the One Million (1,000,000) shares of Series A Preferred Stock of the Company; and (ii) in lieu thereof the Company will pay to MBGR or its designee $100 for the assets of MBGR acquired by the Company.