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Re: DJPele post# 51480

Sunday, 01/01/2017 2:00:18 PM

Sunday, January 01, 2017 2:00:18 PM

Post# of 108590
From

https://www.lawinsider.com/contracts/4TkCHkeZcy2Q2UrhvmWmVg/solaris-power-cells/1411730/2016-05-23

an aggregate 1,832,897,782 shares of Solaris Common Stock are issued and outstanding,



and from

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11717004

a one-for-100 reverse split of the issued and outstanding shares of Common Stock




So the common shares in retail hands will be cut 1 / 100. Your shares will be cut 1 / 100.

But, the unreleased insider shares will be cut 1 / 10.

a one-for-10 reverse split of the authorized capital stock of the Corporation to reduce the number of authorized shares of capital stock of the Corporation from 2,170,000,000 shares of capital stock to 217,000,000



On the exchange, you are correct. Nothing is mentioned about converting common shares. Only series preferred shares are mentioned to be exchanged.

The Solaris Series B Preferred Stock shall be convertible at any time by Holdings or other holder(s) into Solaris Common Stock at a conversion price per share equal to the volume weighted average price (“VWAP”) of Solaris Common Stock for the ten (10) trading days immediately prior to the Closing Date (the “Conversion Price



and

an aggregate of one million (1,000,000) shares of Series B convertible voting preferred stock of Solaris, with a par value of $0.001 per share and a stated or liquidation value of $5.00, and containing the relative rights, preferences and designations as set forth on the certificate of designations (the “Series B Preferred Certificate of Designations”) in the form of Exhibit B annexed hereto and made a part hereof (the “Solaris Series B Preferred Stock”); and



NO COMMON SHARES ARE MENTIONED AS BEING CONVERTED.

The place where it is mentioned is in

(a) The Solaris capitalization is as set forth on Exhibit F to this Agreement.



Which conveniently is not supplied.

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