EX-99.2 3 ex99-2.txt PROFORMA FINANCIAL STATEMENT EXHIBIT 99.2 INDEX TO FINANCIAL STATEMENTS Page No. -------- Chancellor Group, Inc. Pro-Forma Consolidated Financial Statements (Unaudited) as of December 31, 2012 Chancellor Group, Inc. Pro-Forma Consolidated Balance Sheets F-2 Chancellor Group, Inc. Pro-Forma Consolidated Statements of Operations F-3 Notes to Pro-Forma Consolidated Financial Statements F-4 F-1 CHANCELLOR GROUP, INC. PRO-FORMA CONSOLIDATED BALANCE SHEETS (UNAUDITED) DECEMBER 31, 2012

See the accompanying notes to the consolidated financial statements F-2 CHANCELLOR GROUP, INC. PRO-FORMA CONSOLIDATED STATEMENTS OF OPERATION (UNAUDITED) FOR THE YEAR ENDED DECEMBER 31, 2012

See the accompanying notes to the consolidated financial statements F-3 CHANCELLOR GROUP, INC. NOTES TO PRO-FORMA CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 2012 (UNAUDITED) NOTE 1 - BASIS OF PRO-FORMA PRESENTATION On August 15, 2013, the Company entered into a binding term sheet with members of The Fuelist, LLC ("Fuelist"), a California limited liability company, whereby Chancellor agreed to acquire 51% ownership interest in Fuelist. As consideration for the ownership interest, Chancellor agreed to contribute to Fuelist a total of $271,200 in cash payable in 12 monthly installments of $22,600, beginning in August 2013. As additional consideration for the ownership interest, Chancellor contributed a total of 2,000,000 shares of newly issued common stock to Fuelist on Monday, August 19, 2013, valued at $156,000, or $0.078 per share. Also in the term sheet, the 2,000,000 shares of Chancellor common stock are deemed the property of the Founders irrespective of any future sales of the Company or outcomes, and in the event of any sale of the Company to a third party, the Founder's shares paid as part-consideration to the Company for the purchase of Chancellor's 51% shall remain the property of the Founders and those Founder's shares shall be transferred to the Founders before, or as part of, the closing of any such sale in the future to a third party. Fuelist is a development stage entity formed for the primary purpose of the development of a data-driven mobile and web technology platform that leverages extensive segment expertise and big data analysis tools to value classic vehicles. These tools will enable users to quickly find values, track valuations over time, and to identify investment and arbitrage opportunities in this lucrative market. Chancellor's fiscal year end is December 31st and Fuelist's fiscal year end is December 31st. However, Fuelist's separate company financial statements presented are as of August 31, 2013, and for the period May 1, 2013 (inception) through August 31, 2013 for the purpose of presenting pro-forma financial information for Chancellor. NOTE 2 - PRO-FORMA ADJUSTMENTS Adjustments included in the pro-forma financial statements are as follows: a. To record the issuance of 2,000,000 shares of Chancellor common stock to Fuelist and $271,200 contribution payable. F-4

CHANCELLOR GROUP INC. 8-K/A