Aqua Power Systems Inc (APSI)

[Orion1972]

The Preferred Class B Stock is not entitled to receive any dividends in any amount during which such
shares are outstanding.
In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary,
after setting apart or paying in full the preferential amounts due to holders of senior capital stock, if any, the
holders of Preferred Class B Stock and parity capital stock, if any, shall be entitled to receive, prior and in
preference to any distribution of any of the assets or surplus funds of the Company to the holders of junior
capital stock, including Common Stock, an amount equal to $0.001 per share [the "Liquidation Preference"].
If upon such liquidation, dissolution or winding up of the Company, the assets of the Company available for
distribution to the holders of the Preferred Class B Stock and parity capital stock, if any, shall be insufficient
to permit in full the payment of the Liquidation Preference, then all such assets of the Company shall be
distributed ratably among the holders of the Preferred Class B Stock and parity capital stock, if any. Neither
the consolidation or merger of the Company nor the sale, lease or transfer by the Company of all or a part
of its assets shall be deemed a liquidation, dissolution or winding up of the Company.
Each share of Preferred Class B Stock shall be convertible, at the option of the Holder, into 1,000 (One
Thousand) fully paid and non-assessable shares of the Corporation's Common Stock. The aforementioned
1 to 1,000 ratio will be adjusted by stock splits, dividends, and distributions, and that adjustment will apply
to reclassifications, consolidations, and mergers.
Holders of Preferred Class B Stock have no preemptive or subscription rights and there are no redemption
or sinking fund provisions applicable to our Preferred Class B Stock.

https://www.otcmarkets.com/otcapi/company/financial-report/376592/content

"liquidation, dissolution or winding up of the Company"