Ascent Solar Technologies Inc (ASTI)

[sure bet]

Pursuant to the Agreement, the Investor has agreed to surrender 7,000 outstanding shares of Preferred Stock (face value of $700,000) plus accrued dividends of $55,305.55 in exchange for 500 million shares of the Common Stock and 250 million warrants to purchase the Company's Common Stock at a premium exercise price of $0.003. The Investor will own (not including the warrant shares) approximately 5.8% of the outstanding shares of Common Stock of the Company on a post transaction basis.