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5/16/2016

EDGARONLINESUNWORKS,INC.(SUNW)10K3/26/2014

SUBSEQUENTEVENTS

ManagementhasevaluatedsubsequenteventsaccordingtotherequirementsofASCTOPIC855,andhasreportedthefollowing
events

On January 7, 2014, the Company issued 3,542,795 shares of common stock upon conversion of a convertible note in the
amountof$32,000inprincipal,plusaccruedinterestof$3,428foratotalconversionof$35,428.
OnJanuary13,2014,theCompanyreceivedanadditional$25,000inconsiderationona10%convertiblenote.

On January 21, 2014, the Company issued 1,604,406 shares of common stock upon conversion of a convertible note in the
amountof$25,000inprincipal,plusaccruedinterestandoriginalissuediscountof$4,313foratotalconversionof$29,413.

On January 23, 2014, the Company issued 3,687,863 shares of common stock upon conversion of a convertible note in the
amountof$33,000inprincipal,plusaccruedinterestof$3,879foratotalconversionof$36,879.
OnJanuary29,2014,theCompanyenteredintoaSecuritiesPurchaseAgreement(the"PurchaseAgreement")providingforthe
sale by the Company of an unsecured Convertible Note (the Note) in the principal amount of $100,000, of which the
Companyreceived$90,000inconsiderationuponexecutionofthenote.TheNotematuresnine(9)monthsfromtheeffective
dateandmaybeextendedbythelenderfortwelve(12)monthsfromtheeffectivedate.Thenotemaybeconvertedintosharesof
the Companys common stock at a conversion price of $0.05 per share or fifty percent (50%) of the lowest trading price of
commonstockrecordedonanytradedayaftertheeffectivedate.Thenotebearsinterestattherateof10%peryear.
OnJanuary31,2014,theCompanyenteredintoaSecuritiesPurchaseAgreement(the"PurchaseAgreement")providingforthe
sale by the Company of an unsecured Convertible Note (the Note) in the principal amount of $750,000, of which the
Company received $750,000 in consideration upon execution of the note. The Note matures in nine (9) months from the
effectivedate,andmaybeextendedbythelenderfortwelve(12)monthsfromtheeffectivedate.Thenotemaybeconvertedinto
sharesoftheCompanyscommonstockataconversionpriceof$0.05pershareorfiftypercent(50%)ofthelowesttradingprice
ofcommonstockrecordedonanytradedayaftertheeffectivedate.Thenotebearsinterestattherateof10%peryear.

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5/16/2016

EDGARONLINESUNWORKS,INC.(SUNW)10K3/26/2014

TableofContents

SOLAR3D,INC.
BALANCESHEETS
DECEMBER31,2013AND2012

8.SUBSEQUENTEVENTS(Continued)
OnJanuary31,2014,theCompanyenteredintotwo(3)SecuritiesPurchaseAgreements(the"PurchaseAgreement")providing
forthesalebytheCompanyofrestrictedConvertibleNotes(theNote)intheprincipalamountof$1,750,00.TheNotesmature
nine(9)monthsfromtheeffectivedate.ThenotesmaybeconvertedintosharesoftheCompanyscommonstockataconversion
priceof$0.02pershareuntilMarch30,2015,andthereaftertheconversionpriceshallbethegreaterofa)theinitialconversion
priceorb)fiftypercent(50%)oftheaverageclosingpriceofcommonstockforten(10)consecutivetradingdaysfollowingthe
submissionofanoticetoconvertinwriting.Thenotebearsinterestattherateof4%peryear.OnFebruary23,2014,anotewas
convertedfor26,250,000sharesofcommonstock.

OnFebruary3,2014,theCompanyissued301,205sharesofcommonstockuponpartialconversionofaconvertiblenotefor
principalintheamountof$15,000.

BetweenFebruary3,2014andMarch6,2014,theCompanyissuedanaggregatetotalof4,000,000sharesofcommonstock
uponconversionofvestedrestrictedstockoptions.

OnFebruary5,2014,theCompanyissued335,570sharesofcommonstockuponconversionofaconvertiblenoteforprincipal
intheamountof$20,000.

OnFebruary11,2014,theCompanyissued185,111sharesofcommonstockuponconversionofaconvertiblenoteforprincipal
intheamountof$7,500,plusinterestof$1,700.
OnFebruary11,2014,theCompanyenteredintoaSecuritiesPurchaseAgreement(the"PurchaseAgreement")providingforthe
sale by the Company of an unsecured Convertible Note (the Note) in the principal amount of $100,000, of which the
Company received $20,000 in consideration upon execution of the note. On February 26, 2014 and March 13, 2014, the
Company received additional advances of $20,000 and $30,000, respectively, for an aggregate sum of $60,000. The Note
maturesnine(9)monthsfromtheeffectivedate.ThenotemaybeconvertedintosharesoftheCompanyscommonstockata
conversionpriceof$0.05pershareorfiftypercent(50%)ofthelowesttradingpriceofcommonstockrecordedonanytradeday
aftertheeffectivedate.Thenotebearsinterestattherateof10%peryear.

OnFebruary13,2014,theCompanyissued227,979sharesofcommonstockthroughacashlessexerciseforstockoptionsgiven
toaboardofdirectorforservices.

OnFebruary21,2014,theCompanyissued8,518,345sharesofcommonstockuponconversionofaconvertiblenoteinthe
amountof$118,584inprincipal,plusaccruedinterestof$13,450foranaggregatetotalconvertedof$132,034.

OnFebruary26,2014,theCompanyissued1,615,384sharesofcommonstockuponconversionofaconvertiblenoteinthe
amountof$20,000inprincipal,plusaccruedinterestof$1,000foranaggregatetotalconvertedof$21,000.

OnMarch6,2014,theCompanyissued5,924,454sharesofcommonstockuponconversionofaconvertiblenoteintheamount
of$84,000inprincipal,plusaccruedinterestof$7,829foranaggregatetotalconvertedof$91,829.

On March 13, 2014, the Company issued 2,968,937 shares of common stock upon conversion of a convertible note in the
amountof$20,000inprincipal,plusaccruedinterestof$1,079foranaggregatetotalconvertedof$21,079.

On March 10, 2014, the Company issued 2,957,361 shares of common stock upon conversion of a convertible note in the
amountof$20,000inprincipal,plusaccruedinterestof$1,000.

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EDGARONLINESUNWORKS,INC.(SUNW)10K3/26/2014

TableofContents

SOLAR3D,INC.
BALANCESHEETS
DECEMBER31,2013AND2012

8.SUBSEQUENTEVENTS(Continued)
BusinessCombination
During the month of January 2014, Solar3D, Inc. (SLTD) acquired 100% of the total issued and outstanding stock of Solar
United Network, Inc. (SUN) in a transaction accounted for under ASC 805, for cash in the amount of $1,044,500,
and convertible promissory notes for $1,750,000. SUN provides solar photovoltaic installation and consulting services to
residential,commercialandagriculturalproperties.Theacquisitionisdesignedtoenhanceourservicesforsolartechnology.

SUNisnowwhollyownedsubsidiaryofSLTD.

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