Stem Inc (STEM)

[petermic]

At July 31, 2016, there were 12,006,856 shares of Common Stock, $.01 par value, issued and outstanding.

At October 20, 2016, there were 16,259,598 shares of Common Stock, $.01 par value, issued and outstanding.

As a result of the exchange, the exercise price for all outstanding 2011 Series A warrants and 2016 Series A and Series B warrants has been reset to equal $0.30 per share. The 2016 Series B warrants remain unexercisable pursuant to their terms.