Renewable Energy and Power Inc (RBNW)

[Prodigy]

Theory: Increased OS of 120,591,494 is due to Trillium Settlement.

3. Settlement Shares. a. Following entry of an Order by the Court in accordance with Paragraph 2 herein and the delivery by TRILLIUM and Company of the Stipulation of Dismissal (as defined below), in settlement of the Claim, the Company shall issue and deliver to TRILLIUM shares of its Common Stock (the “Settlement Shares”) in one or more tranches as necessary, and subject to adjustment and ownership limitations as set forth below, sufficient to generate proceeds such that the net proceeds from TRILLIUM’s sale of the Settlement Shares equals the Claim Amount. TRILLIUM is entitled, at its option, to request all or any lesser portion of the Claim Amount plus any /all accrued but unpaid Interest into Common Stock at a conversion price per share equal to the lowest closing bid price for the Company’s common stock during the twenty (20) trading days immediately preceding the date of delivery by TRILLIUM to Company of the Conversion Notice (the “Conversion Price”).

There are 10,000,000,000 shares of Common Stock of the Company authorized, of which 60,321,098 Shares of Common Stock are issued and outstanding as of September 30, 2019;

OS as of 11/18/19: 120,591,494

This represents an increase of 60,270,396 shares

Lowest closing bid price on 11/06/19: ~ .0036

Settlement amount: 219,460

***$219,460 / 60,207,396 = .0036 (closing bid on 11/06/19)

Here's the good part:

c. The Company shall deliver to TRILLIUM, through the initial tranche and any required additional tranches, that number of Settlement Shares the proceeds of sales of which will equal to the Claim Amount. The parties reasonably estimate that the fair market value of the Settlement Shares to be received by TRILLIUM is equal to approximately $219,460.18. To the extent that the Company issues Settlement Shares in excess of that necessary to satisfy the aggregate Claim Amount, TRILLIUM shall return any excess Settlement Shares to Company for reinstatement as authorized, but unissued shares. The parties acknowledge that the number of Settlement Shares to be issued pursuant to this Agreement is indeterminable as of the date of its execution, and could well exceed the current existing number of shares outstanding as of the date of its execution.