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Re: XNRGI2008 post# 26114

Thursday, 03/29/2018 5:31:02 PM

Thursday, March 29, 2018 5:31:02 PM

Post# of 30168
If they are Going back to a reporting company perhaps we will see if the other partnership groups " Green World Trust Union Capital and Summit trading as a preferred stock holder

all seem to benefit in conversion by a lower trading range...

Series B Preferred Stock - As of June 30, 2016 and September 30, 2015, we have 1,222,236 and 1,203,576 shares of Series B preferred stock issued and outstanding, respectively. Holders of Series B have no redemption rights and each share of Series B is entitled to interest at a simple interest rate of 6% per annum. Series B is convertible, at the discretion of our management, into shares of our common stock, except that the holders of the Series B may elect to convert the Series B into common stock upon or after the resignation or termination of our Chief Executive Officer. The number of shares of common stock issuable upon conversion is calculated by (i) multiplying the number of Series B being converted by the per share purchase price received by the Company for such Series B , and then, multiplying such number by 130% and then dividing this calculated value by the average closing bid price, as defined, or by (ii) first, allocating the Series B proportionately according to the amounts by date of individual cash tranches received by the Company then, second, multiplying the number of Series B being converted, identified by tranche, by the per share purchase price received by the Company for such Series B, and then, multiplying such number or numbers by 130% and, finally, dividing the calculated value(s) by the average closing bid price, as defined. We have the right to redeem the Series B in cash at the face amount plus any accrued, but unpaid dividends.



CUSIP No. 63948P206

1.UNION CAPITAL, LLC

46-4896047

4.CITIZENSHIP OR PLACE OF ORGANIZATION
NEW YORK
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
5. SOLE VOTING POWER 222,907,251*

7.SOLE DISPOSITIVE POWER 222,907,251*

9/2/2016

Date



/s/ Yakov D Borenstein

Signature

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