OriginClear Inc (OCLN)

[Werbe]

Heavy dilution coming. Note holders and OCLN signed agreement, near 1 billion shares reserved. I am sure they'll try and run it, I am sure this message can save some peeps.

On January 30, 2019, the Company entered into a settlement agreement with PowerUp, pursuant to which, in full and final settlement of all claims asserted by PowerUp against the Company related to the PowerUp Notes, PowerUp will elect to convert the PowerUp Notes, and upon the conversion of the PowerUp Notes (which the parties agreed to an aggregate outstanding balance of $127,403), the Company will issue to PowerUp shares of the Company’s common stock at the conversion price of 61% of the Market Price (a 39% discount to Market Price) as defined in the PowerUp Notes), and will reserve an aggregate of 835,429,598 shares for such conversions. The foregoing is merely a summary of the settlement agreement, and is qualified in its entirety by reference to the full text of the settlement agreement, which is attached as Exhibit 10.1 hereto.