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correct me if i am wrong.
"Rule 3. When I is one of the two subjects connected by either/or or neither/nor, put it second and follow it with the singular verb am. Example: Neither she nor I am going to the festival."
taken from : http://www.grammarbook.com/grammar/subjectVerbAgree.asp
therefore, i think the first one is correct. Neither they nor I am.
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