PaulRiss:

OfferingStatementforVerdantPowerInc.ThisdocumentisgeneratedbyawebsitethatisoperatedbyNetcapitalSystems,LLC("Netcapital"),whichisnotaregisteredbroker-dealer.Netcapitaldoesnotgiveinvestmentadvice,endorsement,analysisorrecommendationswithrespecttoanysecurities.Allsecuritieslistedherearebeingofferedby,andallinformationincludedinthisdocumentaretheresponsibilityof,theapplicableissuerofsuchsecurities.Netcapitalhasnottakenanystepstoverifytheadequacy,accuracyorcompletenessofanyinformation.NeitherNetcapitalnoranyofitsofficers,directors,agentsandemployeesmakesanywarranty,expressorimplied,ofanykindwhatsoeverrelatedtotheadequacy,accuracyorcompletenessofanyinformationinthisdocumentortheuseofinformationinthisdocument.

AllRegulationCFofferingsareconductedthroughNetcapitalFundingPortalInc.("Portal"),anaffiliateofNetcapital,andaFINRA/SECregisteredfunding-portal.ForinquiriesrelatedtoRegulationCFsecuritiesactivity,contactNetcapitalFundingPortalInc.:

paul@netcapital.com

NetcapitalandPortaldonotmakeinvestmentrecommendationsandnocommunication,throughthiswebsiteorinanyothermedium,shouldbeconstruedasarecommendationforanysecurityofferedonoroffthisinvestmentplatform.Equitycrowdfundinginvestmentsinprivateplacements,RegulationA,DandCFofferings,andstart-upinvestmentsinparticulararespeculativeandinvolveahighdegreeofriskandthoseinvestorswhocannotaffordtolosetheirentireinvestmentshouldnotinvestinstart-ups.Companiesseekingstartupinvestmentsthroughequitycrowdfundingtendtobeinearlierstagesofdevelopmentandtheirbusinessmodel,productsandservicesmaynotyetbefullydeveloped,operationalortestedinthepublicmarketplace.Thereisnoguaranteethatthestatedvaluationandothertermsareaccurateorinagreementwiththemarketorindustryvaluations.Additionally,investorsmayreceiveilliquidand/orrestrictedstockthatmaybesubjecttoholdingperiodrequirementsand/orliquidityconcerns.Inthemostsensibleinvestmentstrategyforstart-upinvesting,start-upsshouldonlybepartofyouroverallinvestmentportfolio.Further,thestart-upportionofyourportfoliomayincludeabalancedportfolioofdifferentstart-ups.Investmentsinstartupsarehighlyilliquidandthoseinvestorswhocannotholdaninvestmentforthelongterm(atleast5-7years)shouldnotinvest.

Theinformationcontainedhereinincludesforward-lookingstatements.Thesestatementsrelatetofutureeventsortofuturefinancialperformance,andinvolveknownandunknownrisks,uncertainties,andotherfactors,thatmaycauseactualresultstobemateriallydifferentfromanyfutureresults,levelsofactivity,performance,orachievementsexpressedorimpliedbytheseforward-lookingstatements.Youshouldnotplaceunduerelianceonforward-lookingstatementssincetheyinvolveknownandunknownrisks,uncertainties,andotherfactors,whichare,insomecases,beyondthecompany’scontrolandwhichcould,andlikelywill,materiallyaffectactualresults,levelsofactivity,performance,orachievements.Anyforward-lookingstatementreflectsthecurrentviewswithrespecttofutureeventsandissubjecttotheseandotherrisks,uncertainties,andassumptionsrelatingtooperations,resultsofoperations,growthstrategy,andliquidity.Noobligationexiststopubliclyupdateorrevisetheseforward-lookingstatementsforanyreason,ortoupdatethereasonsactualresultscoulddiffermateriallyfromthoseanticipatedintheseforward-lookingstatements,evenifnewinformationbecomesavailableinthefuture.

TheCompany

1. Whatisthenameoftheissuer?

VerdantPowerInc.

■

■

■

■

■

■

Eligibility

2. ThefollowingaretrueforVerdantPowerInc.:

Organizedunder,andsubjectto,thelawsofaStateorterritoryoftheUnitedStatesortheDistrictofColumbia.

NotsubjecttotherequirementtofilereportspursuanttoSection13orSection15(d)oftheSecuritiesExchangeActof1934.

NotaninvestmentcompanyregisteredorrequiredtoberegisteredundertheInvestmentCompanyActof1940.

NotineligibletorelyonthisexemptionunderSection4(a)(6)oftheSecuritiesActasaresultofadisqualificationspecifiedinRule503(a)ofRegulationCrowdfunding.(Formoreinformationaboutthesedisqualifications,seeQuestion30ofthisQuestionandAnswerformat).

HasfiledwiththeCommissionandprovidedtoinvestors,totheextentrequired,theongoingannualreportsrequiredbyRegulationCrowdfundingduringthetwoyearsimmediatelyprecedingthefilingofthisofferingstatement(orforsuchshorterperiodthattheissuerwasrequiredtofilesuchreports).

Notadevelopmentstagecompanythat(a)hasnospecificbusinessplanor(b)hasindicatedthatitsbusinessplanistoengageinamergeroracquisitionwithanunidentifiedcompanyorcompanies.

3. HastheissueroranyofitspredecessorspreviouslyfailedtocomplywiththeongoingreportingrequirementsofRule202ofRegulationCrowdfunding?

No.

Directors,OfficersandPromotersoftheCompany

4. Thefollowingindividuals(orentities)representthecompanyasadirector,officerorpromoteroftheoffering:

William"Trey"Taylor

Mr.Taylorhasover30yearsofmarketing,includingpublicandgovernmentrelations,andbusinessdevelopmentexperiencewithmultinationalcompaniesandmajorU.S.industries,includingtheinvestor-ownedelectricutilityandthelifeandhealthinsuranceindustries.Hefoundedandsuccessfullymanagednumerousstart-upentities,aswellascoalitions,andhasproducedpublicaffairstelevisionshowstoaddresseconomic,environmentalandgeopoliticalissuesandpolicies.

2000-present:Co-founderandChiefMarketingOfficer(CMO)ofVerdantPower,Inc.,andPresidentofVerdantPowerInternational,Inc.,NewYork,NY.Responsibleformarketing,communication,andbusinessdevelopment.On-goingprojectsincludebuildingcommunity,business,andgovernmentrelationsleadingtocommercialdevelopmentinmultiplelocationswithintheU.S.,Canada,Turkey,UK,Ireland,China,SouthKorea,Kenya,andZimbabwe,inadditiontoanumberofothercountries.

1991-2000:FounderandPrincipal,TheWilliamTaylorGroup;Arlington,VA.Founderandprincipalofamarketing,management,andcommunicationsconsultancy;foundedtheInteractiveMarketingInstituteandNewMediaSocietyofWashington.MembersincludedAT&T,Compaq,Kodak,Oracle,AOL,andDeloitte&Touche;consultedwithnumerousclients,includingBGE(BaltimoreGas&Electric),PriceWaterhouseWorldUtilities/EnergyGroup,IBM,Forbes,EmbassyofKuwait,WTTG-TV,andMcCannErickson–aNewYorkadvertisingagency.

1987-1990:DirectorofAdvertisingandCommunications,AmericanCouncilofLifeInsurers;Washington,DC.Managedmarketingcommunicationfortradeassociationoflifeinsurancecompanies,HealthInsuranceAssociationofAmerica,andMedicalFoundationforPhD/MDResearch;managedseveralcoalitionsincludingtheCoordinatingCommitteeforLong-TermCarePolicy,andtheCoalitiontoImproveMedicaid;managed$8Mbudget,staff,andcommittees.

1984-1987:DirectorofMarketing,ITTDialcom(BritishTelecom);Rockville,MD.Managedmarketinge-mailandinformationservices;establishedfirste-mailsystemsforU.S.CongressandWhiteHouse;managedstaffofeight.Thecompany,anITTCorporationsubsidiary,wassoldtoBritishTelecom,whichrolledoutservicesandproductsthroughoutNorthAmerica.

1979-1984:DirectorofAdvertisingandCommunicationServices,EdisonElectricInstitute;Washington,DC.Managedanadvertisingbudgetof$14M,threeNewYorkadvertisingagencies,industrycommittees,includingtheCommitteeonJobs,EnvironmentandTechnology,forthetradeassociationofinvestor-ownedelectricutilities,andlocalstaffoffour;helpedfoundtheNuclearEnergyInstitute(formerlytheU.S.CommitteeonEnergyAwareness);andproducedthetelevisionpublicaffairsshows“TheMcLaughlinGroup”and“MakePeacewithNature.”

1975-1979:AdvertisingAccountManager,WBDoner&Company;Detroit,MI.ClientwasNationalGuardBureau–ThePentagon.PriortothathewasanAdvertisingAccountExecutivewithCole&Weber;Portland,OR.,anOgilvy&Mathersubsidiary-clientsincludedWestinHotels,StandardInsurance,OregonianNewspapers,LileMoving&Storage,andTraderVic’s.

1971-1975:SectionManager,Procter&Gamble;Bellevue,WA.Marketingandsales.

HecurrentlyservesontheRenewableEnergy&EnergyEfficiencyAdvisoryCommitteefortheU.S.DepartmentofCommerceandisamemberoftheNewYorkCityCouncilGreenExportInitiativeAdvisoryCouncil.HewasafoundingmemberoftheAmericanCouncilonRenewableEnergy(ACORE).HealsoservedonthePower-GenRenewableEnergy–PlanningCommitteeWaterpowerConferences;theSteeringCommitteeoftheOceanRenewableEnergyCoalition(OREC)wherehewasaCharterBoardMember;theBoardofDirectorsofHydroResearchFoundation(HRF)andtheNationalHydropowerAssociation(NHA),servingontheAdvisoryBoardasChairmanoftheR&DCommittee.

Mr.Taylorhasreceivednumerousawardsandrecognition,includingNHA’s“CompanyoftheYear”–President’sAwardtoVerdantPower(2006);and“America’sBest&Brightest”–arecognitionfromEsquiremagazineinTheGeniusIssue(December2004).

EducationandTraining:MEd,theUniversityofMinnesota;Minneapolis,MN(courseworkinUrbanEducation)aspartoftheTeacherCorps,andaB.S.,PoliticalScienceandHistoryfromPortlandStateUniversity,Portland,OR.

JohnBanigan

Mr.Baniganhashadaninternationalfinancialservices,managementandfinancecareerencompassingextensiveexperienceinLatinAmerica,Asia,andtheUnitedStates.Hehasdiversebusinessunitandregionalmanagementcapabilitiesplusstrategicplanning,projectanalysis,andnegotiationexperience.

2014-present:VerdantPower,Inc.NamedChiefExecutiveOfficer(CEO)oftheCompanyinOctober2016,overseeingcorporateoperations,aswellascontinuinginroleasChiefFinancialOfficer(CFO)(sinceMarch2014),relatedtowhichheisresponsibleforfinanceandcontrolfunctions.

2009-2013:DirectorandExecutiveChairmanofSustainableForestHoldingsLimited,aHongKong-basedpubliclyheldtimberproductsandsustainableforestmanagementfirmoperatingfrompresencesinChina,RussiaandBrazil.ChairmanoftheAudit,NominatingandRemunerationCommittees.

2000-2009:ManagingMemberandCo-FounderofGlobalNetVenturePartners,LLC,Darien,CT,amerchantbankingboutiqueandadvisoryfirmengagedininvestmentbankingandcorporatefinance,transitionmanagement,formulationandexecutionofoperatingalliancesandidentificationandintroductiontoincrementalrevenuesources.

2000:ExecutiveVicePresidentandChiefFinancialOfficerofWorldWideWebNetworXCorporation,NewYork,NY,anearlystageInternetinvestmentandmanagementcompany.Responsibilitiesweretomaximizeinteractionamonggroupcompaniesanddevelopopportunitiestoensurefulladvantageoftechnology,overlappingmarketprospectsanddedicationofnewinvestmentandacquisitionopportunitieswhilealsomanaginggroupfinancefunctions.

1996-1999:KPMGPeatMarwick,LLC,NewYork,NY.ConsultingengagementsatthefirmfocusedonarangeofinternationalcreditandlendingprocessandsystemredesignworkforLatinAmericanandAsianbanksandassessmentofriskmeasurementofpublicandprivateplacementinvestmentsbytheinsuranceindustry.

1992-1996:ManagingDirectorandCo-FounderofBuckinghamPartnersL.P.,Darien,CT,amerchantbankingboutiqueformedtoundertakeandmanagemezzanineandequitycapitalinvestmentsinmedium-sizedUScompanies.Inadditiontoraisingalimitedpartnershipfund,thecompanyengagedinmergerandacquisitionadvisoryworkandactedasaprincipalinselectinvestments.

1989-1992:SeniorVicePresidentofHSBC,HongKongandNewYork,NY.FollowinganAsianregionalassignmentbasedinHongKong,assumedmanagementresponsibilityforthebank’seasternUScorporateandtradefinancebusiness.

1986-1989:ManagingDirectorandCo-FounderofB.A.I.I.(Asia)Limited,HongKong,theAsia-basedmerchantbankingarmofaParisdomiciledconsortium,focusedonarangeofspecializedproducts,includingcapitalmarketsprincipaltrading,agencysalesandfundsmanagement,wholesalecommoditytradefinanceandcontractorandprojectfinance.

1972-1986:ChemicalBank(JPMorganChase),NewYork,NY,heldpositionsincludingChinaRegionalVicePresidentandSeniorCorporateOfficerwithresponsibilityforbankingpresencesinHongKong,TaipeiandBeijinginadditiontoajointventurePRCinvestmentbank;VicePresidentandRegionHeadforMexico,basedinMexicoCity;relationshipmanagerforAsianbankingandcorporaterelationshipsandU.S.multinationalsontheWestCoastfromSanFrancisco;andmarketingandriskmanagementpositionsinNewYork.

PositionsCurrentlyHeld:Member,JapaneseEquityLongShortPartners,LLCwhichactsasthemanagingmemberofAsukaJapaneseEquityLongShortFund,LLC,aJapanesehedgefundoperatingacrossJapanesemarkets.

PositionsPreviouslyHeld:Director,TrophyPropertyGPLimited,aUS$1.0billioninvestorinlarge-scale,multi-useprimecitypropertydevelopmentsinChina.Director,TheTrophyFund,alongshortChinainvestmentvehicleoperatingfromHongKong.Member,OpportunitiesPartners,LLC,whichactsasthemanagingmemberofAsukaOpportunitiesFund,LLC,alongshortJapanesehedgefundoperatingfromTokyo.Member,NicholasEdwardsJapanEquityPartners,LLCwhichactsasmanagingmemberofNicholasEdwardsLong/ShortOffshoreTrust,adiversifiedJapanesehedgefundheadquarteredinTokyo.

EducationandTraining:B.S.InternationalEconomics,EdmundA.WalshSchoolofForeignService,GeorgetownUniversity.

DavidSharpless

Mr.Sharplesshasover40yearsofexperienceasabusinesslawyerininternationalfinance,corporategovernanceandmergersandacquisitionsandasaseniorbusinessleader.

2016-present;ChairmanofCanaccedeFinancialGroupInc.,Canada’slargestbuyerofdistressed,

insolventandperformingconsumerdebt.

2013-present:Directorand(until2016)InterimCEOofVerdantPowerInc.

2010-present:ChairmanandCEOofNewCarbonEconomyFund,aninvestmentfundestablishedtoinvestinthe“greeneconomy”.

2003-2008:ExecutiveChairmanofHunterKeiltyMuntz&BeattyLimited,Canada’slargestprivately-ownedpropertyandcasualtyinsurancebrokerthatwassoldtoHUBInternationalinJanuary2008.

1997-2003:ExecutiveChairmanofNewcourtCreditGroupInc.(“Newcourt”).Newcourtwastheworld’ssecondlargestpubliclytradedassetfinancecompanylistedontheNYSEandtheTSXwithoperationsinmorethan25countriesworldwide.NewcourtwassoldtoCITandMr.SharplessservedasCEOofCIT’sinternationaloperations.

1975-1996:Associate,partnerandseniorpartnerofBlakeCassels&Graydon,oneofCanada’slargestlawfirms,specializinginbusinesslawandinternationalfinance.

PositionsCurrentlyHeld;ChairmanofCanaccedeFinancialGroupInc.(privateCanadiancorporation).DirectorandChairmanoftheAuditCommitteeofMicromemTechnologiesInc.(USandCNSXlisted),whichisengagedinthedevelopmentofcommercializationofitsproprietarysensortechnology;andChairmanoftheIndependentReviewCommitteeofPortlandInvestment,aCanadianinvestmentmanager.

PositionsPreviouslyHeld:Director/Chairmanofanumberofpublicandprivatecorporationsengagedinavarietyofbusinesses,including:Chairman,DellFinancialServicesInc.(financierforDellInc.products);Chairman,YamahaCanadaFinanceLimited(financierforYamahaMotorsproducts);Chairman,ImageFinancialServicesInc.(financierforCanonproducts);Director,ChampionRoadMachineryInc.(manufacturerofroadgraders);andDirector,TimberjackInc.(manufacturerofforestharvestingequipment).

EducationandTraining:TheCharteredDirectorProgram,DeGrooteSchoolofBusiness,McMasterUniversity,HamiltonOntario,CharteredDirector;andLLB,OsgoodeHallLawSchool,Toronto,Ontario,LawDegree.

JosephKlein

Mr.Kleinisaseniorfinancialservicesprofessionalwithexperiencedesigning,pitching,andexecutingcorporatetransactions.

2009topresent:DirectorandChairmanoftheBoardsince2010ofVerdantPower,Inc.

2013-2016:LeerinkPartnersLLC,SanFrancisco,CA,ManagingDirector,HeadofConvertibleCapitalMarkets,responsibleforconvertiblesecurityoriginationandrestructuring,focusingonpubliccompaniesinthehealthcarespaceandfacilitatingcapitalraisingandbalancesheetmanagementviaconvertiblesecurities.

2008-2010:KKSSecuritiesLLC,MillValley,CA,Partner,Co-Founder,institutionalandcorporatesalesofconvertibleandequitysecurities;providedsalescoveragetoinstitutionalinvestorsandrestructuringideastopubliccompanyCFO’s,achievedprofitabilityineveryquarterofoperation,andexitedviasaletoSterneAgee.

2000-2008:ThomasWeiselPartnersGroup,Inc.,SanFrancisco,CA,Principal,HeadofConvertibleCapitalMarkets,convertiblesecurityoriginationandrestructuring,focusedonpubliccompaniesinthehealthcare,technology,andconsumerspacesandfacilitatedcapitalraisingandbalancesheetmanagementviaconvertiblesecurities.

1998-2000:UBSAG,Stamford,CT,Associate,EmergingMarketsHighYieldResearch.

EducationandTraining:1998TheFuquaSchoolofBusinessatDukeUniversityDurham,NC;MBAwithconcentrationinfinance;1988YaleUniversityNewHaven,CT,B.S.,ElectricalEngineering.

DeanCorren

Mr.CorrenwasascientistwiththeAppliedScienceDepartmentofNewYorkUniversity,wherehedesignedandtestedtheconceptofafixed-pitch,constantspeedMRErotorthatwasfield-testedinPakistanwithsupportfromaUnitedNationsrenewableenergyprogram.HisdesignwasrecognizedbytheU.S.DepartmentofEnergyashavingthegreatestpotentialforbecomingcommercializedandhasbeenfurtherdevelopedbyVerdantPowerthroughthecurrentfifthgeneration(Gen5)technology.Mr.CorrenhaspublishedninescientificarticlesandholdstwoU.S.patentsrelatedtohisrotordesignfortheGen5FreeFlowSystem

2003-present:ChiefTechnologyOfficer(CTO)ofVerdantPower,Inc.Coordinationoftechnicalresourcestodesign,fabricateanddeploykinetichydroenergyconversiondevicesandsystems.

2000-2002:OutreachDirector,OfficeofCongressmanBernieSanders,VermontAt-Large.Coordinatingfive-memberoutreachstaff;monitoringVTissuesandevents;interactingwithindividualsandinterestgroups;describingtheCongressman’spositions;policydevelopment;writingcommunicationmaterialsincludingstatements,newsletters,bookletsandcorrespondence;producingpublicevents,andparticipatinginhisplace.

1993-2000:VermontStateRepresentative(Burlington),Elected1992-1998.ServedonGovernmentOperations,MunicipalCorporationsandElections,Commerce,andGeneralMilitaryaffairsandHousingCommitteesandspecialcommitteesincludingelectricutilityrestructuringandlivableincome.

1990-2000:Owner,CorrenSystems.Licensingofpatentedtechnologies,consultingonbusinesstechnology,processcontrolandenergyresearch.EPSCORgrantee(throughUVM).

1986-1989:CEO,WorkableComputers,Inc.,SouthBurlington,VT.FoundedfirmtomanufactureandmarketIntegratedUserInterface-basedcomputersystems.Businessplanning,finance,productdevelopment,manufacturing,marketing,budgetingandstaffing.

1980-1986:ResearchScientist,NewYorkUniversityDepartmentofAppliedScience,NewYork,NY.Responsibleforallareasofenergyresearchfromtheorythroughmodeltests,full-scaleprototypes,proposalwriting,projectplanning,budgeting,systemdesign,materials,testdesign,instrumentation,anddataacquisitionandcontrol.Coordinationofscientists,engineersandsubcontractors,andinteractionwiththepublic,media,andgovernment.

1978-1986:Owner,Designers,NewYork,NY.EnergyconsultingincludingsolarenergyresearchcontractwiththeU.S.DepartmentofEnergy.

1978-1980:ResearchAssistant,NewYorkUniversityDepartmentofAppliedScience,NewYork,NY.Whilestudentinmaster’sdegreeprogram.

1977-1978:ChiefEngineer,IntelligenceSystems&Consultants,Ltd.,NewYork,NY.Designandproductionsupervisionofelectronicsecuritysystems.

1977:ElectronicsEngineer,CommunicationsControlSystems,Inc.,NewYork,NY.Testing,developmentandproductdesignofelectronicsecuritysystems.

EducationandTraining:MS,AppliedScience(Energy),NewYorkUniversity,NewYork,NY,Conventionalandadvancedenergytechnologyandpolicy;andBA,Philosophy,MagnaCumLaude,P.B.K.,MiddleburyCollege,Middlebury,Vermont(minorconcentration,physics).

RonaldSmith

Mr.Smithhasover30yearsofexperienceandaccomplishmentasanentrepreneur,amanagementconsultantandasamanagerinindustry.

2000-present:Co-founder,ChiefOperatingOfficer(COO),andPresidentofVerdantPower,Inc.Inthiscapacity,heoverseescorporateoperationsfortheCompany,managestheCompany’skeyrelationshipswithU.S.governmentagenciesanddirectsregulatoryoperationsatthegroundbreakingRooseveltIslandTidalEnergy(RITE)Project.

1995-2002:HewasanindependentmanagementconsultanttoseniormanagementinU.S.federalintelligencecommunityagencies.

1995-1998:Mr.Smithstartedandledanationwidepoint-of-serviceconsumeradvertisingcompanywhichwasacquiredin1998.

1982-1995:Principal,Booz,Allen&Hamilton,Inc.,McLean,VA.Hismanagementconsultingexperienceencompassedorganizationalchangemanagement,strategicplanning,qualitymanagement,BusinessProcessRedesign,materialsmanagement,andworkshopdelivery.Hehadaleadroleinbuildingthefirm’sWorldwideTechnologyBusinessChangeManagementPracticefromastaffoffivetoover100consultants.Throughtaskordercontractswithmajorfederalgovernmentagencies,andtheintelligencecommunity,hemanagedtheworkofover50managementconsultants.HealsoledandfacilitatedstrategicplanningworkshopsatseniorexecutivelevelsincommercialorganizationsandinmajorFederalagenciessuchastheU.S.Navy,AirForce,CentralIntelligenceAgency,FederalAviationAdministrationandothers.

1979-1982:Manager,ManagementAdvisoryStaff,BendixAerospaceGroupHeadquarters;Arlington,VA.Heprovidedstrategicandoperationalconsultingto20industryandelectronicmanufacturingdivisionsasoneoftwomembersoftheManagementAdvisoryStaff.WhileatBendix,hewasamemberoftheAmericanProductionandInventoryControlSociety,anAssociateoftheWorldBusinessAcademy,andwasrecognizedasCertifiedinProductionandInventoryManagement(CPIM).

1980-1994:U.S.NavyReserve.HeservedintheU.S.NavyReserveasaCommanderandnavalintelligenceofficer.

1970-1977:U.S.Navy.HeservedsevenyearsonU.S.NavyactivedutyasacarrierpilotinVietnamandasanorganizationaldevelopmentconsultanttocommandingofficersofNavyunits,commandsandstaffs.

EducationandTraining:MBA,HarvardBusinessSchool,Cambridge;MAMS,SystemsManagement,ViterbiSchoolofEngineering,UniversityofSouthernCalifornia,LosAngeles,CA;andaB.A.,MathematicsandEconomics,MountSt.Mary’sUniversity,Emmitsburg,MD.

PrincipalSecurityHolders

5. Providethenameandownershiplevelofeachperson,asofthemostrecentpracticabledate,who

ELMVPLLCSecurities:

Class:

VotingPower:

5. Providethenameandownershiplevelofeachperson,asofthemostrecentpracticabledate,whoisthebeneficialownerof20percentormoreoftheissuer’soutstandingvotingequitysecurities,calculatedonthebasisofvotingpower.Tocalculatetotalvotingpower,includeallsecuritiesforwhichthepersondirectlyorindirectlyhasorsharesthevotingpower,whichincludesthepowertovoteortodirectthevotingofsuchsecurities.Ifthepersonhastherighttoacquirevotingpowerofsuchsecuritieswithin60days,includingthroughtheexerciseofanyoption,warrantorright,theconversionofasecurity,orotherarrangement,orifsecuritiesareheldbyamemberofthefamily,throughcorporationsorpartnerships,orotherwiseinamannerthatwouldallowapersontodirectorcontrolthevotingofthesecurities(orshareinsuchdirectionorcontrol—as,forexample,aco-trustee)theyshouldbeincludedasbeing“beneficiallyowned.”Youshouldincludeanexplanationofthesecircumstancesinafootnotetothe“NumberofandClassofSecuritiesNowHeld.”Tocalculateoutstandingvotingequitysecurities,assumealloutstandingoptionsareexercisedandalloutstandingconvertiblesecuritiesconverted.

2,010,306

CommonStock

29.2%

BusinessandAnticipatedBusinessPlan

6. Describeindetailthebusinessoftheissuerandtheanticipatedbusinessplanoftheissuer.

VerdantPowerisatechnologyproviderandprojectdeveloperofintegratedrenewableenergysystems,usingmarinerenewableenergy(MRE)servicesandtechnologies,includingitsproprietarykinetichydropowersystemor“FreeFlowSystem”(FFS).Thissystemcovertstheenergyfromocean,tidal,river,andcanalcurrentstomechanicalandelectricalpower.Theresultingpowerisusedtocreatecleanenergyforutilityandvillage-scaleglobalprojects,aswellasforremotecommunities,andprovideincrementalhydropowerforexistinghydroelectricfacilities.

Establishedin2000asVerdantPower,LLC,theCompanywasconvertedin2006toVerdantPower,Inc.SinceformationVerdantPowerhastestedseveralconceptsandsincedevelopeditsFreeFlowSystem-aleadingproprietarytechnologyforgeneratingcleanpowerfromwatercurrents.TheCompany,headquarteredinNewYorkCity,establishedasubsidiaryintheUnitedKingdominNovember2009tospearheaddevelopmentinthatmarket;italsohasestablishedaregionalsubsidiaryinCanada.Verdanthascollaborativerelationshipswithvariousuniversities,governmentalauthorities,researchlabsandcompanies,includingU.S.DepartmentofEnergy,NewYorkStateEnergyResearch&DevelopmentAuthority(NYSERDA),NationalRenewableEnergyLaboratory,CornellUniversity,andNaturalResourcesCanada(NRCan).

TheCompany’snear-termplanprovidesforthefinalizationofitsfifthgeneration(Gen5)technologybymid-2019,PursuanttograntsfromtheDOEandNYSERDA,VerdantisdesigninganddevelopingandwilldeployitsTriFrame™system,whichwillincludethreeturbinesthatwillbefabricated(aggregating105kWofcapacity),offRooseveltIslandinNewYork’sEastRiver(attheexistingRITEprojectsite).DeploymentoftheGen5technologyisprojectedforlatesummer2019.Followingaperiodofthreetosixmonthsoftesting,thetechnologywillbereadyforcommercializationandlaunchintotheglobalmarkets.Workingcapitalsupportfortheperiodthroughcommercializationwillbeinpartprovidedbythefundingraisedbythiscrowdfundingissuance.

AcorecomponentoftheCompany’sbusinessplanisthedevelopmentofutility-scaletidalMREprojects,rangingfrom5MW(megawattsdirectcurrent)tomorethan400MWthatVerdantPowerhasidentifiedinseveralcountries,includingtheU.S.,UK,Ireland,andChina.Theplanalsocallsforthedevelopmentofvillage-scaleriverMREprojects,rangingfrom100kWto5MWincountriessuchasCanada,Turkey,Zimbabwe,andBrazil.TheCompany’sbusinessplanalsoincludesadding

capacitytoexistinghydroelectricpowerplantsbysitingitssystemsdownstreamtocaptureotherwisewastedenergycausedbyincreasedriverflowsduetoclimatechange.VerdantPoweriscurrentlyconductingpreliminaryresourceassessmentsandfeasibilityanalysisinseveraloftheabove-listedcountries.VerdantPowerplanstocontinuetoexpanditsbusinessdevelopmentpipelinewithatargetofaninstalledtotalcapacityof340MWby2023and3,000MWby2028.

RiskFactors

Acrowdfundinginvestmentinvolvesrisk.Youshouldnotinvestanyfundsinthisofferingunlessyoucanaffordtoloseyourentireinvestment.

Inmakinganinvestmentdecision,investorsmustrelyontheirownexaminationoftheissuerandthetermsoftheoffering,includingthemeritsandrisksinvolved.Thesesecuritieshavenotbeenrecommendedorapprovedbyanyfederalorstatesecuritiescommissionorregulatoryauthority.Furthermore,theseauthoritieshavenotpassedupontheaccuracyoradequacyofthisdocument.

TheU.S.SecuritiesandExchangeCommissiondoesnotpassuponthemeritsofanysecuritiesofferedorthetermsoftheoffering,nordoesitpassupontheaccuracyorcompletenessofanyofferingdocumentorliterature.

Thesesecuritiesareofferedunderanexemptionfromregistration;however,theU.S.SecuritiesandExchangeCommissionhasnotmadeanindependentdeterminationthatthesesecuritiesareexemptfromregistration.

7. MaterialfactorsthatmakeaninvestmentinVerdantPowerInc.speculativeorrisky:

1. Development-StageRiskandIndustryRisk.Asapre-commercialtechnologyinagloballyemergingrenewableenergyindustry,VerdantPower(orthe“Company”)facesfinancial,market,andprojectrisks.Theserisksinclude:(A)asadevelopmentstagecompany,VerdantPowerhasahistoryofoperatinglossesinthepastandanticipatesfuturelossesthroughatleast2020;(B)VerdantPowerhasahistoryoflimitedliquidity,oftenrelyingongrantsfromgovernmentalagenciesandnon-governmentalorganizationstosupportitsprojects,andwillhaveuncertaincapitalresourceswithoutthesuccessfulreceiptofadditionalequity;(C)VerdantPowermustcontinuetoreduceitscoststomanufactureanddeployitstechnology,inordertobeabletocompeteeffectivelyinitsmarkets;and(D)economic,politicalandotherrisksassociatedwithinternationalsalesandoperationscouldadverselyaffectVerdantPower’sbusiness.

2. OfferedSharesNotRegisteredwithSECorListedonExchange.Yourabilitytosellthesharesmaybelimitedbytheabsenceofatradingmarket.ThesharesarenotregisteredwiththeU.S.SecuritiesandExchangeCommission(SEC)nordoesVerdantPowerhaveanycurrentplanstoregistertheshareswiththeSECorapplyforthelistingofanysharesissuedbytheCompanyonanysecuritiesexchange.Yourabilitytosellyoursharesmaybesharplylimitedpriortosomecurrentlyunforeseenliquidityevent.Therefore,youshouldplanonholdinganysharesobtainedintheCompanyasalong-terminvestment.

3. CompanyLimitedLiquidity.Ourabilitytomakepaymentsofprincipalandinterest,ortorefinanceourindebtedness,dependsonourfutureperformance,whichissubjecttoeconomic,financial,competitiveandotherfactors.Ourbusinessisnotcurrentlygeneratingpositivecashflowandmaynotgeneratecashflowinthefuturesufficienttoserviceourdebtbecauseoffactorsbeyondourcontrol,includingbutnotlimitedtoourabilitytomarketourproductsandexpandouroperations.Ifweareunabletogeneratesufficientcashflows,wemayberequiredtoadoptoneormorealternatives,suchasrestructuringdebtorobtainingadditionalequitycapitalontermsthatmaybeonerousordilutive.Ourabilitytorefinanceourindebtednesswilldependonthecapitalmarketsandourfinancialconditionatsuchtime.Wemaynotbeabletoengageinanyoftheseactivitiesorengageintheseactivitiesondesirableterms,whichcouldresultinadefaultonourdebtobligations.Additionally,ourlimitedliquiditymaymakeitdifficultto

successfullydefendtheCompanyagainstlitigationorprosecuteinsuranceclaims.

4. ValuationUncertainty.AnyvaluationoftheCompanyatthisstageisdifficulttoassess.Unlikelistedcompaniesthatarevaluedpubliclythroughmarket-basedstockprices,thevaluationofprivatecompanies,especiallyearly-stagecompanies,isdifficulttoassessandyoumayriskoverpayingforyourinvestment.

5. SubsequentIssuanceofSecurities.Theremaybeadditionalclassesofequitywithrightsthataresuperiortotheclassofequitybeingsoldthroughthisoffering.VerdantPowerisseekingSeriesBequityfundingintheamountof$15millionto$25millionandanticipatesseeking,SeriesCequityfundinginalesseramountin2019to2020.Ifsuccessful,theCompanyanticipatesthatsuchfinancingwillservetotaketheCompany’sMREtechnologytocommercializationintheglobalmarkets.Theseparticularfinancingroundsmayormaynotoccur,buttheCompanyreservestorightatanytime,andfromtimetotime,toissueequityintereststhatmaybeseniorinrights,preferencesandprivilegestothoseheldbyourcommonstockholders.Dependingonthetermsofanysuchseniorequityissuance,theconsummationthereofmayconstituteanimmediateandsubstantialdilutiontoyourequityinterestsintheCompany.

6. ManagingCostsandCashFlows.Ourmanagementmaynotbeabletocontrolcostsinaneffectiveortimelymanner.TheCompany’smanagementanticipatesitcanusereasonableeffortstoassess,predictandcontrolcostsandexpenses.However,implementingourbusinessplanmayrequiremoreemployees,capitalequipment,suppliesorotherexpenditureitemsthanmanagementhaspredicted.Likewise,thecostofcompensatingemployeesandconsultantsorotheroperatingcostsmaybehigherthanmanagement’sestimates,whichcouldleadtosustainedlosses.Additionally,manyoftheCompany’scurrentgrantcontractsarestructuredinmultiplestagesandorspanseveralyears.Thefundingagenciesreservetherighttoterminatetheremainingstagesandoryears’scopeandpayments,generallywithouthavingtostateacause.ItisthereforepossiblethatfuturerevenuecouldbereducedduenotonlytounsatisfactoryCompanyperformance,butfiscalandotherissuesoutofcontroloftheCompany.Inaddition,severalofthecontractualawardsreceivedbytheCompanycontainreviewclauses(generallyateachprojectanniversary)whichmayresultintemporarycessationofactivitiesandresultinggapsinrevenueduetolackoftimelinessbythefunders’programmanagersincompletingtheirreviewactivities

7. Early-StageCompany.Investinginearly-stagecompaniesisveryrisky,highlyspeculative,andshouldnotbemadebyanyonewhocannotaffordtolosetheirentireinvestment.Unlikeaninvestmentinamaturebusinesswherethereisatrackrecordofrevenueandincome,thesuccessofanearly-stageventureoftenreliesonthedevelopmentofanewproductorservicethatmayormaynotfindamarket.Beforeinvesting,youshouldcarefullyconsiderthespecificrisksanddisclosuresrelatedtoboththisofferingtypeandthecompany.

8. IntellectualPropertyRisk.Inabilitytoprotectourproprietarytechnologywoulddisruptourbusiness.Werely,inpart,ontrademark,copyright,andtradesecretlawtoprotectourintellectualpropertyintheUnitedStatesandabroad.Weseektoprotectourtechnology,documentation,andotherwrittenmaterials,howeverthismayaffordonlylimitedprotection.WehaveadditionalUnitedStatespatentapplicationsinpreparation.Wecannotpredictwhethersuchpendingpatentapplicationswillresultinissuedpatents,andiftheydo,whethersuchpatentswilleffectivelyprotectourintellectualproperty.Theintellectualpropertyrightsweobtainmaynotbesufficienttoprovideuswithacompetitiveadvantage,andcouldbechallenged,invalidated,infringedormisappropriated.WemaynotbeabletoprotectourproprietaryrightsintheUnitedStatesorinternationally(whereeffectiveintellectualpropertyprotectionmaybeunavailableorlimited),andcompetitorsmayindependentlydeveloptechnologiesthataresimilarorsuperiortoourtechnology,duplicateourtechnologyordesignaroundanypatentofours.Weattempttofurtherprotectourproprietarytechnologyandcontentbyrequiringouremployeesandconsultantstoenterintoconfidentialityandassignmentofinventionsagreementsandthirdpartiestoenterintonondisclosureagreements.Theseagreementsmaynoteffectivelypreventunauthorizeduseordisclosureofourconfidentialinformation,intellectualpropertyortechnologyandmaynotprovideanadequateremedyinthe

eventofunauthorizeduseordisclosureofourconfidentialinformation,intellectualpropertyortechnology.Litigationmaybenecessaryinthefuturetoenforceourintellectualpropertyrights,todeterminethevalidityandscopeofourproprietaryrightsortherightsofothers,ortodefendagainstclaimsofinfringementorinvalidity.Suchlitigationcouldresultinsubstantialcostsanddiversionofmanagementtimeandresourcesandcouldhaveamaterialadverseeffectonourbusiness,financialcondition,andoperatingresults.Anysettlementoradversedeterminationinsuchlitigationwouldalsosubjectustosignificantliability.

9. UncertainForecastsandLimitedOperatingHistory.Anyforecastswemakeaboutouroperationsmayprovetobeinaccurate.Wemust,amongotherthings,determineappropriaterisks,rewards,andlevelofinvestmentinourtechnologyandrelatedproducts,respondtoeconomicandmarketvariablesoutsideofourcontrol,respondtocompetitivedevelopmentsandcontinuetoattract,retain,andmotivatequalifiedemployees.Therecanbenoassurancethatwewillbesuccessfulinmeetingthesechallengesandaddressingsuchrisksandthefailuretodosocouldhaveamateriallyadverseeffectonourbusiness,resultsofoperations,andfinancialcondition.Ourprospectsmustbeconsideredinlightoftherisks,expenses,anddifficultiesfrequentlyencounteredbycompaniesintheearlystageofdevelopment.Asaresultoftheserisks,challenges,anduncertainties,thevalueofyourinvestmentcouldbesignificantlyreducedorcompletelylost.AstheCompanyisstillatapre-commercialearlystage,ongoingbusinessoperationsaresomewhatlimitedandprojectionsbasedonpastandcurrentexperiencearehighlyuncertain.

10. DeferralorCessationofRevenue.ManyoftheCompany’scurrentrevenuegrantcontractsarestructuredinmultiplestagesandorspanseveralyears.Thefundingagenciesreservetherighttoterminatetheremainingstagesandoryears’scopeandpayments,generallywithouthavingtostateacause.ItisthereforepossiblethatfuturerevenuecouldbereducedduenotonlytounsatisfactoryCompanyperformance,butfiscalandotherissuesoutofcontroloftheCompany.Inaddition,severalofthecontractualawardsreceivedbytheCompanycontainreviewclauses(generallyateachprojectanniversary)whichmayresultintemporarycessationofactivitiesandresultinggapsinrevenueduetolackoftimelinessbythefunders’programmanagersincompletingtheirreviewactivities.Insomeinstances,certaincostsincurredbytheCompanymaynotbereimbursedduetothesefundinggaps.

11. Competition.Therecanbenoassurancethatanothercompanyorentitywillnotenterthemarketplaceandcompetesuccessfullyforthebusinessandallegianceofourtargetmarket,orthroughitscompetitionforceareductioninoverallpricelevelforourproductsandreduceouroverallprofitability.Therearenumerouscompaniesseekingtodeveloptechnologysimilartoours,howeveronlyafewofthesecompaniesaredirectcompetitors.Ifthesecompetitorscommercializeand/orobtainfurthercapitalsupporttodeploytheirtechnologycommerciallybeforewedo,thismayimpedeourfuturegrowth.Likewisetherecanbenoassurancethatcommoditypricesandorsuppliesofcompetingfuelsourcesmightdramaticallyfluctuatewitharesultingreductionintheoverallpricelevelforourproductsandagainreduceourprofitability.Accordingly,additionalcompetitioncouldhaveamaterialadverseeffectonourbusiness,operatingresults,andfinancialcondition.

12. GovernmentRegulation-General.Whilecertaingovernmentregulatorytrendsappeartobefavorabletoourbusiness(e.g.,growingprevalenceofmandatoryrenewableportfoliostandardsandtheextensionoftheProductionTaxandInvestmentTaxcreditstooursystems),therecanbenoassurancethatthosetrendswillcontinueandstagnationofthosetrendscouldadverselyaffectourbusiness,operatingresults,andfinancialcondition.Forexample,recenttaxreformmayresultinreducedfinancingopportunitiesandchangesinlocal,stateandfederaladministrationsinregionswhereweintendtodevelopprojectscouldimpactincentivesandgrantsavailabletoourprojects.Inaddition,whilewebelievethatthetechnologyandproductsweplantodevelopandcommercializecouldbepurchasedandusedbothbyourtargetcustomersandend-usercustomersconsistentwiththecurrentregulatoryenvironment,therecanbenoassurancethatregulatorystandardswillnotbemodifiedtherebyadverselyaffectingourbusiness,operatingresultsandfuturefinancialcondition.

13. GovernmentalLicenses,PermitsandOtherApprovals.Thedesign,constructionandoperationofhydropowerprojectsarehighlyregulated,requirevariousgovernmentalapprovalsandpermits,includingenvironmentalapprovalsandpermits,andmaybesubjecttotheimpositionofrelatedconditionsthatvarybyjurisdiction.Insomecases,theseapprovalsandpermitsrequireperiodicrenewal.Wecannotpredictwhetherallpermitsrequiredforagivenprojectwillbegrantedorwhethertheconditionsassociatedwiththepermitswillbeachievable.Thedenialofapermitessentialtoaprojectortheimpositionofimpracticalconditions,delaysorchallengestoreceivingthepermitwouldimpairourabilitytodeveloptheproject

14. ProjectDebMarkets.Largehydropowerprojectsaredependentonprojectdebtmarkets.Regionalorworldwideunavailabilityofdebttofinanceprojects,andincreasesinthecostofdebt,couldimpacttheviabilityofprojectsinourpipeline.

15. TheforegoinglistofriskfactorsdoesnotpurporttobeacompleteexplanationoftherisksinvolvedininvestingintheCompany.PotentialinvestorsshouldreadthisentireOfferingStatementandconsulttheirownlegal,taxandfinancialadvisorsbeforedecidingwhethertoinvestinthesecuritiesoftheCompany.Noassurancecanbemadethatprofitswillbeachieved.

TheOffering

VerdantPowerInc.(“Company”)isofferingsecuritiesunderRegulationCF,throughNetcapitalFundingPortalInc.(“Portal”).PortalisaFINRA/SECregisteredfundingportalandwillreceivecashcompensationequalto4.9%ofthevalueofthesecuritiessoldthroughRegulationCF.InvestmentsmadeunderRegulationCFinvolveahighdegreeofriskandthoseinvestorswhocannotaffordtolosetheirentireinvestmentshouldnotinvest.

TheCompanyplanstoraisebetween$10,000and$1,069,950throughanofferingunderRegulationCF.Specifically,ifwereachthetargetofferingamountof$10,000,wemayconductthefirstofmultipleorrollingclosingsoftheofferingearlyifweprovidenoticeaboutthenewofferingdeadlineatleastfivebusinessdayspriortosuchnewofferingdeadline(absentamaterialchangethatwouldrequireanextensionoftheofferingandreconfirmationoftheinvestmentcommitment).Oversubscriptionswillbeallocatedonafirstcome,firstservedbasis.Changestotheoffering,materialorotherwise,occurringafteraclosing,willonlyimpactinvestmentswhichhaveyettobeclosed.

IntheeventTheCompanyfailstoreachtheofferingtargetof$10,000,anyinvestmentsmadeundertheofferingwillbecancelledandtheinvestmentfundswillbereturnedtotheinvestor.

8. Whatisthepurposeofthisoffering?

ThisfundingwillsupportVerdantPowergeneralworkingcapitalin2018andpreparationforfabricationandtestingofitsfifthgenerationcommercialsystemequipment(a105kWTriFrame™system)attheRooseveltIslandTidalEnergy(RITE)ProjectsiteinNewYork’sEastRiver.Weanticipatethatadditionalfundingbeyondthisissuancewillsupportin-waterdemonstration,andcommercialprojectresourceassessmentandultimatelyagloballaunchoftheCompany’sproducts.

9. Howdoestheissuerintendtousetheproceedsofthisoffering?

IfTargetOfferingAmountSold IfMaximumAmountSold

TotalProceeds $10,000 $1,069,950

Less:OfferingExpenses $490 $52,428

NetProceeds $9,510 $1,017,523

WorkingCapital $9,510 $1,017,523

TotalUseofNetProceeds $9,510 $1,017,523

10. Howwilltheissuercompletethetransactionanddeliversecuritiestotheinvestors?

InenteringintoanagreementontheNetcapitalFundingPortaltopurchasesecurities,bothinvestorsandVerdantPowerInc.mustagreethatatransferagent,whichkeepstherecordsofallofouroutstandingCommonStock,willissuedigitalsecuritiesintheinvestor’sname(apaperstockcertificatewillnotbeprinted).Similartootheronlineinvestmentaccounts,thetransferagentwillgiveinvestorsaccesstoawebsitetoseethenumberofsharesthattheyowninourcompany.Thesesecuritieswillbeissuedtoinvestorsafterthedeadlinedateforinvestinghaspassed,aslongasthetargetedofferingamounthasbeenreached.Thetransferagentwillrecordtheissuancewhenwehavereceivedthepurchaseproceedsfromtheescrowagentwhoisholdingyourinvestmentcommitment.

11. Howcananinvestorcancelaninvestmentcommitment?

Youmaycancelaninvestmentcommitmentforanyreasonuntil48hourspriortothedeadlineidentifiedintheofferingbyloggingintoyouraccountwithNetcapital,browsingtotheInvestmentsscreen,andclickingtocancelyourinvestmentcommitment.Netcapitalwillnotifyinvestorswhenthetargetofferingamounthasbeenmet.Iftheissuerreachesthetargetofferingamountpriortothedeadlineidentifiedintheofferingmaterials,itmayclosetheofferingearlyifitprovidesnoticeaboutthenewofferingdeadlineatleastfivebusinessdayspriortosuchnewofferingdeadline(absentamaterialchangethatwouldrequireanextensionoftheofferingandreconfirmationoftheinvestmentcommitment).Ifaninvestordoesnotcancelaninvestmentcommitmentbeforethe48-hourperiodpriortotheofferingdeadline,thefundswillbereleasedtotheissueruponclosingoftheofferingandtheinvestorwillreceivesecuritiesinexchangeforhisorherinvestment.Ifaninvestordoesnotreconfirmhisorherinvestmentcommitmentafteramaterialchangeismadetotheoffering,theinvestor’sinvestmentcommitmentwillbecancelledandthecommittedfundswillbereturned.

12. CantheCompanyperformmultipleclosingsorrollingclosingsfortheoffering?

Ifwereachthetargetofferingamountpriortotheofferingdeadline,wemayconductthefirstofmultipleclosingsoftheofferingearly,ifweprovidenoticeaboutthenewofferingdeadlineatleastfivebusinessdaysprior(absentamaterialchangethatwouldrequireanextensionoftheofferingandreconfirmationoftheinvestmentcommitment).Thereafter,wemayconductadditionalclosingsuntiltheofferingdeadline.Wewillissuesharesinconnectionwitheachclosing.Oversubscriptionswillbeallocatedonafirstcome,firstservedbasis.Changestotheoffering,materialorotherwise,occurringafteraclosing,willonlyimpactinvestmentswhichhaveyettobeclosed.

OwnershipandCapitalStructure

TheOffering

13. Describethetermsofthesecuritiesbeingoffered.

WeareissuingCommonStockatanofferingpriceof$7.00pershare.

14. Dothesecuritiesofferedhavevotingrights?

■

■

■

■

14. Dothesecuritiesofferedhavevotingrights?

TheCommonStockarebeingissuedwithvotingrights.However,sothatthecrowdfundingcommunityhastheopportunitytoacttogetherandcastavoteasagroupwhenavotingmattercomesbeforetheshareholders,acustodianwillcastyourvoteforyou.Pleaserefertothecustodianagreementthatyousignbeforeyourpurchaseiscomplete.

15. Arethereanylimitationsonanyvotingorotherrightsidentifiedabove?

Youaregivingyourvotingrightstothecustodian,whowillvotethesharesonbehalfofallshareholderswhopurchasedsharesontheNetcapitalcrowdfundingportal.

16. Howmaythetermsofthesecuritiesbeingofferedbemodified?

Wemaychoosetomodifythetermsofthesecuritiesbeforetheofferingiscompleted.However,ifthetermsaremodified,andwedeemittobeamaterialchange,weneedtocontactyouandyouwillbegiventheopportunitytoreconfirmyourinvestment.Yourreconfirmationmustbecompletedwithinfivebusinessdaysofreceiptofthenoticeofamaterialchange,andifyoudonotreconfirm,yourinvestmentwillbecanceledandyourmoneywillbereturnedtoyou.

RestrictionsonTransferoftheSecuritiesOffered

Thesecuritiesbeingofferedmaynotbetransferredbyanypurchaserofsuchsecuritiesduringtheone-yearperiodbeginningwhenthesecuritieswereissued,unlesssuchsecuritiesaretransferred:

totheissuer;

toanaccreditedinvestor;

aspartofanofferingregisteredwiththeU.S.SecuritiesandExchangeCommission;or

toamemberofthefamilyofthepurchaserortheequivalent,toatrustcontrolledbythepurchaser,toatrustcreatedforthebenefitofamemberofthefamilyofthepurchaserortheequivalent,orinconnectionwiththedeathordivorceofthepurchaserorothersimilarcircumstance.

Theterm“accreditedinvestor”meansanypersonwhocomeswithinanyofthecategoriessetforthinRule501(a)ofRegulationD,orwhothesellerreasonablybelievescomeswithinanyofsuchcategories,atthetimeofthesaleofthesecuritiestothatperson.Theterm“memberofthefamilyofthepurchaserortheequivalent”includesachild,stepchild,grandchild,parent,stepparent,grandparent,spouseorspousalequivalent,sibling,mother-in-law,father-in-law,son-in-law,daughter-in-law,brother-in-law,orsister-in-lawofthepurchaser,andincludesadoptiverelationships.Theterm“spousalequivalent”meansacohabitantoccupyingarelationshipgenerallyequivalenttothatofaspouse.

DescriptionofIssuer’sSecurities

17. Whatothersecuritiesorclassesofsecuritiesoftheissuerareoutstanding?Describethematerialtermsofanyotheroutstandingsecuritiesorclassesofsecuritiesoftheissuer.

Securities

ClassofSecurity AmountAuthorized AmountOutstanding VotingRights OtherRights

CommonStock 17,500,000 6,893,598 Yes

PreferredStock 5,000,000 0 Yes

Options,WarrantsandOtherRights

Type Description ReservedSecurities

Warrants Exercisableintosharesofcommonstockatpricesthatrangefrom$1.50to$3.00pershare.Thewarrantshaveaseven-yearlifeandwereissuedbetweenOctober21,2013andOctober1,2017.

2,151,806

Options Exercisableintosharesofcommonstockatpricesthatrangefrom$17.20to$25.00pershare,withanexpirationdateofDecember22,2018.

33,998

Options Exercisableintosharesofcommonstockatpricesof$2.50persharetoapricethatis25%higherthanthesharepriceofasuccessful$1,000,000equityoffering.TheoptionshaveanexpirationdateofApril21,2026.

260,000

ConvertibleNotes

Exercisableintosharesofcommonstockatpricesof$2.00pershareto$17.20pershare.TheconvertiblenotesmaturebetweenJuly2,2018andDecember31,2018.

547,742

18. Howmaytherightsofthesecuritiesbeingofferedbemateriallylimited,dilutedorqualifiedbytherightsofanyotherclassofsecurities?

TherearenorightsassociatedwithcurrentlyoutstandingsecuritiesthatlimitorqualifytherightsofthesecuritiesofferedonNetcapital.ExistingVerdantPowersecuritieshavenoanti-dilutionclausesorparticipationrightsinplace.Nonetheless,dilutiontothesharesofCommonStockthatyoupurchaseinthecurrentofferingwouldresultfromtheexerciseorconversionofthecurrentlyoutstandingoptions,warrantsandconvertiblenotes.

19. Arethereanydifferencesnotreflectedabovebetweenthesecuritiesbeingofferedandeachotherclassofsecurityoftheissuer?

No.

20. HowcouldtheexerciseofrightsheldbytheprincipalshareholdersidentifiedinQuestion5aboveaffectthepurchasersofthesecuritiesbeingoffered?

Thereisoneinvestorwhoholdsgreaterthat20%oftheoutstandingvotingshares.Thatshareholderholds29.2%ofsharesoutstandingandisunrelatedtoeithermanagementorothershareholders.Thismajorityownerfromtimetotimeprovidesinvestmentintheformofconvertiblenotes(describedabove).TosecuretheCompany’sobligationtopaythenotes,theinvestorisgrantedasecurityinterestinandpledgesofalloftheright,titleandinterestoftheCompanyin,toandunderfiveexistingcorporatepatents.Therelatedconvertiblenotesautomaticallyconvertatthestipulatedmaturitydates.Additionally,thisinvestor,togetherwithasmallnumberofdirectors,officers,andfoundersoftheCompany,holdgreaterthan50%oftheoutstandingvotingsharesoftheCompanyandthus,asagroup,thesepersonswillhavetheabilitytodirecttheCompany’sstrategywithrespecttostockholderactions.

21. Howarethesecuritiesbeingofferedbeingvalued?Includeexamplesofmethodsforhowsuchsecuritiesmaybevaluedbytheissuerinthefuture,includingduringsubsequentcorporateactions.

Thevaluationmethodologyutilizedafutureearnings/cashflowdiscountmodelovera7-yearperiod.

22. Whataretheriskstopurchasersofthesecuritiesrelatingtominorityownershipintheissuer?

Therighttodemandcurrentdistributionsfromanoperatingbusinessislimited.Further,thereisnorighttoparticipateinanymanagementdecisionsoftheCompany.Youhavelimitedrights,ifany,tohaveyourinterestboughtout.

TheCompany’ssinglelargestshareholder,whocontrols29.2%ofsharesoutstandingisunrelatedtomanagementandallothershareholders.Thenextlargestshareholdercontrols7.2%ofshares

■

■

■

■

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

outstanding.Thislargestshareholder,togetherwithasmallnumberofdirectors,officers,andfoundersoftheCompany,holdgreaterthan50%oftheoutstandingvotingsharesoftheCompanyandthus,asagroup,thesepersonswillhavetheabilitytodirecttheCompany’sstrategywithrespecttostockholderactions

23. Whataretheriskstopurchasersassociatedwithcorporateactionsincluding:

additionalissuancesofsecurities,

issuerrepurchasesofsecurities,

asaleoftheissuerorofassetsoftheissueror

transactionswithrelatedparties?

RiskstoNetcapitalshareholdersassociatedwiththeadditionalissuancesofsecuritiesincludetheprospectfordilutionofsuchshareholdersandtheincreasedconcentrationorcontrolbyotherexistingshareholders.

Theissuanceofadditionalsecuritieswilldilutetheownershipofthecrowdfundinginvestors.Asaresult,ifweachieveprofitableoperationsinthefuture,ournetincomepersharewillbereducedbecauseofdilution,andthemarketpriceofourcommonstock,ifthereisamarketprice,coulddeclineasaresultoftheadditionalissuancesofsecurities.VerdantPowerisinpursuitofaSeriesBequityfunding($15millionto$25million)which,togetherwithaplannedSeriesCequityfunding($5million)raisein2019to2020,itisprojectedwillservetotaketheCompany’sMREtechnologytocommercializationintheglobalmarkets.Anysuchissuanceswilldilutetheownershipofthecrowdfundinginvestors.

Ifwerepurchasesecurities,sothattheaboveriskismitigated,wemaynothaveenoughcashavailableformarketingexpenses,growth,oroperatingexpensestoreachourgoals.Ifwedonothaveenoughcashtooperateandgrow,weanticipatethemarketpriceofourcommonstock,ifany,woulddecline.

Asaleofourcompanyorofalltheassetsofourcompanymayresultinanentirelossofyourinvestment.Wecannotpredictthemarketvalueofourcompanyorourassets,andtheproceedsofasalemaynotbecash,butinstead,unmarketablesecurities,oranassumptionofliabilities.Ourcompanycurrentlyhasnegativenetworth(ourliabilitiesexceedourassets)anditisunlikelythatinthenearterm,asalewouldresultinapremiumthatissignificantenoughoverbookvaluetogenerateareturntoourinvestors.

Wemayneedtonegotiatewitharelatedpartyforadditionalcapital.Noassurancecanbegiventhatsuchfundswillbeavailableor,ifavailable,willbeoncommerciallyreasonabletermssatisfactorytous.Weanticipatethatifwehaveanytransactionswithrelatedparties,thattheywillbeonanarms-lengthbasis.

24. Describethematerialtermsofanyindebtednessoftheissuer:

Lender#1

$302,158

3.5%

October16,2018

Tobeconvertedatearlierofmaturityorfinancingeventat$2.00/share.ThebalanceoutstandingisasofDecember31,2017.

Lender#1

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

$228,905

3.5%

July2,2018

Tobeconvertedatearlierofmaturityorfinancingeventat$2.00/share.ThebalanceoutstandingisasofJanuary8,2018.

Lender#1

$150,000

3.5%

January7,2019

Tobeconvertedatearlierofmaturityorfinancingeventat$2.00/share.ThebalanceoutstandingisasofJanuary8,2018.

Lender#1

$250,000

3.5%

February25,2019

Tobeconvertedatearlierofmaturityorfinancingeventat$2.00/share.ThebalanceoutstandingisasofFebruary27,2018.

Lender#2

$114,662

8.0%

December31,2018

Convertibleat$17.12/share

Lender#3

$42,073

7.2%

December31,2021

Convertibleat$17.12/share

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

Creditor(s):

AmountOutstanding:

InterestRate:

MaturityDate:

OtherMaterialTerms:

DateofOffering:

Exemption:

SecuritiesOffered:

AmountSold:

UseofProceeds:

Lender#4

$85,749

8.0%

December31,2018

Convertibleat$17.12/share

Lender#5

$102,743

5.0%

December31,2018

Convertibleat$17.20/share

Lender#6

$69,685

5.0%

September30,2015

Convertibleat$17.20/share

Lender#7

$97,755

5.0%

December31,2018

Convertibleat$600/share

Lender#8

$61,157

5.0%

December31,2018

Convertibleat$200/share

25. WhatotherexemptofferingshasVerdantPowerInc.conductedwithinthepastthreeyears?

05/2015

Section4(a)(2)

CommonStock

$252,500

Workingcapital,technologydevelopment

DateofOffering:

Exemption:

SecuritiesOffered:

AmountSold:

UseofProceeds:

DateofOffering:

Exemption:

SecuritiesOffered:

AmountSold:

UseofProceeds:

DateofOffering:

Exemption:

SecuritiesOffered:

AmountSold:

UseofProceeds:

DateofOffering:

Exemption:

SecuritiesOffered:

AmountSold:

UseofProceeds:

DateofOffering:

Exemption:

SecuritiesOffered:

AmountSold:

UseofProceeds:

01/2016

Section4(a)(2)

CommonStock

$353,500

Workingcapital,technologydevelopment

06/2016

Section4(a)(2)

CommonStock

$126,250

Workingcapital,technologydevelopment

09/2016

Section4(a)(2)

CommonStock

$303,000

Workingcapital,technologydevelopment

11/2016

Section4(a)(2)

CommonStock

$303,000

Workingcapital,technologydevelopment

08/2017

Section4(a)(2)

CommonStock

$353,500

Workingcapital,technologydevelopment

26. Wasoristheissueroranyentitiescontrolledbyorundercommoncontrolwiththeissuerapartytoanytransactionsincethebeginningoftheissuer’slastfiscalyear,oranycurrentlyproposedtransaction,wheretheamountinvolvedexceedsfivepercentoftheaggregateamountofcapitalraisedbytheissuerinrelianceonSection4(a)(6)oftheSecuritiesActduringthepreceding12-monthperiod,includingtheamounttheissuerseekstoraiseinthecurrentoffering,inwhichanyofthefollowingpersonshadoristohaveadirectorindirectmaterialinterest:1. anydirectororofficeroftheissuer;2. anypersonwhois,asofthemostrecentpracticabledate,thebeneficialownerof20percentor

moreoftheissuer’soutstandingvotingequitysecurities,calculatedonthebasisofvotingpower;

3. iftheissuerwasincorporatedororganizedwithinthepastthreeyears,anypromoteroftheissuer;or

4. anyimmediatefamilymemberofanyoftheforegoingpersons.

No.

FinancialConditionoftheIssuer

27. Doestheissuerhaveanoperatinghistory?

Yes.

28. Describethefinancialconditionoftheissuer,including,totheextentmaterial,liquidity,capitalresourcesandhistoricalresultsofoperations.

VerdantPower,Inc.isadevelopmentstagecompany.Pre-developmentoperationscommencedin2000.Duringthepast15yearsfrom2002,theCompanyhasinvestedover$37.5milliontoadvancethedevelopmentoftheCompany’sfifthgenerationturbinesystem-ahorizontalaxisthree-bladedmarineenergyturbine,whichwillbecomeitsmarket-ready,commercialstandardsystempositionedfordeploymentaroundtheworld.

Asadevelopmentstageentity,theCompanyhasahistoryofoperatinglossesasithascontinuedtoinvestindevelopingitslong-cyclecapitalequipmentproductsforsaleglobally.Duringthisperiod,VerdantPowerhasrealizedcashfromabroadrangeofsignificantgovernmentgrants.Ithassubstantiallysupplementeditscashflowfromequityinvestorsinaseriesofmostlyfriendsandfamilyfinancings,inadditiontocapitalsupportfrommanagementanddirectors.TheCompanyhas118investors,thelargestofwhomcontrols29.2%ofsharesoutstanding.ThatshareholderhasinrecentyearsprovidedongoingandsubstantialcapitalsupportresponsivetotheCompany’searlystage,developmentalneeds.

Duringthetwomostrecentfiscalyears(endingDecember31,2016and2015),VerdantPowerhasgeneratednetlossesfromoperationsreflectingcostsassociatedwithgrant-relatedefforts,GS&Aandotherexpensesexceedingrevenuefromcost-sharinggrantsandconsultingfeesassociatedwithaninternationalresourceassessmentandfeasibilityanalysis(RAFA)project.Federalandstatecostsharingrevenues,subcontractorconsultingandRAFAfeestotaled$486,311in2016ascomparedtoayearearlierfigureof$82,837.Preliminaryestimated2017comparablerevenuedatareached$510,489.Theincreasesineachof2017and2016reflectedanewlyawardedcontractwiththeDepartmentofEnergyandaEuropeanRAFAcontract.Associatedcostsofrevenuein2016totaled$484,755($193,755in2015);thiscomparestoanestimated$456,778duringfiscal2017.Meanwhile,2016sales,generalandadministrativeexpensesreached$1,277,177an8.0%increaseoverthecomparable$1,182,828registeredin2015(comparedtoanestimated$900,551in2017).Theestimateddeclinerealizedinthe2017periodreflectedreducedstockcompensationexpenserelatedtolowerwarrantcompensationinlieuofsalary.Fromacashflowperspective,thecashlosseswereoffsetbyincreasedcapitalinjectionsbytheCompany’sleadinvestor.ThecashpositionofthecompanyatDecember31,2017was$174,143.

Pre-commerciallaunchoperatinglossesareprojectedtocontinuetoberealizedthroughtheinitiationofcommercialsalesin2020.SuchcommercialtransactionsareprojectedtoincludesalesoftheCompany’sturbinesystemstoendusersanddevelopersofpowerprojects,feesassociatedwithresourceassessmentandfeasibilityanalysisprojects,operationsandmaintenancecontractswithcustomersandconsultingfeesrelatedtodeploymentprojects.Thenotedfund-raisesbelowareprojectedtomeetVerdantPower’scapitalrequirementsthroughcommercialization.

ProceedsfromthisofferingareplannedtosupportworkingcapitalexpendituresandcontinuingcapitalinvestmentintheCompany’scoretechnologydevelopmentforcommercializationduring2018.VerdantPowerisinpursuitofaSeriesBequityfunding($15millionto$25million)which,togetherwithaplannedSeriesCequityfunding($5million)raisein2019to2020,itisprojectedwillservetotaketheCompany’sMREtechnologytocommercializationintheglobalmarkets.

FinancialInformation

29. Includethefinancialinformationspecifiedbyregulation,coveringthetwomostrecently

CPAReviewReport:

29. Includethefinancialinformationspecifiedbyregulation,coveringthetwomostrecentlycompletedfiscalyearsortheperiod(s)sinceinceptionifshorter.

Seeattachments:

reviewletter.pdf

30. Withrespecttotheissuer,anypredecessoroftheissuer,anyaffiliatedissuer,anydirector,officer,generalpartnerormanagingmemberoftheissuer,anybeneficialownerof20percentormoreoftheissuer’soutstandingvotingequitysecurities,calculatedinthesameformasdescribedinQuestion6ofthisQuestionandAnswerformat,anypromoterconnectedwiththeissuerinanycapacityatthetimeofsuchsale,anypersonthathasbeenorwillbepaid(directlyorindirectly)remunerationforsolicitationofpurchasersinconnectionwithsuchsaleofsecurities,oranygeneralpartner,director,officerormanagingmemberofanysuchsolicitor,priortoMay16,2016:1. Hasanysuchpersonbeenconvicted,within10years(orfiveyears,inthecaseofissuers,their

predecessorsandaffiliatedissuers)beforethefilingofthisofferingstatement,ofanyfelonyormisdemeanor:1. inconnectionwiththepurchaseorsaleofanysecurity?2. involvingthemakingofanyfalsefilingwiththeCommission?3. arisingoutoftheconductofthebusinessofanunderwriter,broker,dealer,municipal

securitiesdealer,investmentadviser,fundingportalorpaidsolicitorofpurchasersofsecurities?

2. Isanysuchpersonsubjecttoanyorder,judgmentordecreeofanycourtofcompetentjurisdiction,enteredwithinfiveyearsbeforethefilingoftheinformationrequiredbySection4A(b)oftheSecuritiesActthat,atthetimeoffilingofthisofferingstatement,restrainsorenjoinssuchpersonfromengagingorcontinuingtoengageinanyconductorpractice:1. inconnectionwiththepurchaseorsaleofanysecurity?;2. involvingthemakingofanyfalsefilingwiththeCommission?3. arisingoutoftheconductofthebusinessofanunderwriter,broker,dealer,municipal

securitiesdealer,investmentadviser,fundingportalorpaidsolicitorofpurchasersofsecurities?

3. Isanysuchpersonsubjecttoafinalorderofastatesecuritiescommission(oranagencyorofficerofastateperforminglikefunctions);astateauthoritythatsupervisesorexaminesbanks,savingsassociationsorcreditunions;astateinsurancecommission(oranagencyorofficerofastateperforminglikefunctions);anappropriatefederalbankingagency;theU.S.CommodityFuturesTradingCommission;ortheNationalCreditUnionAdministrationthat:1. atthetimeofthefilingofthisofferingstatementbarsthepersonfrom:

1. associationwithanentityregulatedbysuchcommission,authority,agencyorofficer?2. engaginginthebusinessofsecurities,insuranceorbanking?3. engaginginsavingsassociationorcreditunionactivities?

2. constitutesafinalorderbasedonaviolationofanylaworregulationthatprohibitsfraudulent,manipulativeordeceptiveconductandforwhichtheorderwasenteredwithinthe10-yearperiodendingonthedateofthefilingofthisofferingstatement?

4. IsanysuchpersonsubjecttoanorderoftheCommissionenteredpursuanttoSection15(b)or15B(c)oftheExchangeActorSection203(e)or(f)oftheInvestmentAdvisersActof1940that,atthetimeofthefilingofthisofferingstatement:1. suspendsorrevokessuchperson’sregistrationasabroker,dealer,municipalsecurities

dealer,investmentadviserorfundingportal?2. placeslimitationsontheactivities,functionsoroperationsofsuchperson?3. barssuchpersonfrombeingassociatedwithanyentityorfromparticipatinginthe

offeringofanypennystock?

IfYestoanyoftheabove,explain:

5. IsanysuchpersonsubjecttoanyorderoftheCommissionenteredwithinfiveyearsbeforethefilingofthisofferingstatementthat,atthetimeofthefilingofthisofferingstatement,ordersthepersontoceaseanddesistfromcommittingorcausingaviolationorfutureviolationof:

Governance:

CertificateofIncorporation:

CorporateBylaws:

Opportunity:

OfferingPageJPG:

PitchDeck:

Financials:

OtherFinancialInformation:

1. anyscienter-basedanti-fraudprovisionofthefederalsecuritieslaws,includingwithoutlimitationSection17(a)(1)oftheSecuritiesAct,Section10(b)oftheExchangeAct,Section15(c)(1)oftheExchangeActandSection206(1)oftheInvestmentAdvisersActof1940oranyotherruleorregulationthereunder?

2. Section5oftheSecuritiesAct?

6. Isanysuchpersonsuspendedorexpelledfrommembershipin,orsuspendedorbarredfromassociationwithamemberof,aregisterednationalsecuritiesexchangeoraregisterednationaloraffiliatedsecuritiesassociationforanyactoromissiontoactconstitutingconductinconsistentwithjustandequitableprinciplesoftrade?

7. Hasanysuchpersonfiled(asaregistrantorissuer),orwasanysuchpersonorwasanysuchpersonnamedasanunderwriterin,anyregistrationstatementorRegulationAofferingstatementfiledwiththeCommissionthat,withinfiveyearsbeforethefilingofthisofferingstatement,wasthesubjectofarefusalorder,stoporder,orordersuspendingtheRegulationAexemption,orisanysuchperson,atthetimeofsuchfiling,thesubjectofaninvestigationorproceedingtodeterminewhetherastoporderorsuspensionordershouldbeissued?

8. IsanysuchpersonsubjecttoaUnitedStatesPostalServicefalserepresentationorderenteredwithinfiveyearsbeforethefilingoftheinformationrequiredbySection4A(b)oftheSecuritiesAct,orisanysuchperson,atthetimeoffilingofthisofferingstatement,subjecttoatemporaryrestrainingorderorpreliminaryinjunctionwithrespecttoconductallegedbytheUnitedStatesPostalServicetoconstituteaschemeordeviceforobtainingmoneyorpropertythroughthemailbymeansoffalserepresentations?

VerdantPowerInc.answers'NO'toalloftheabovequestions.

OtherMaterialInformation

31. InadditiontotheinformationexpresslyrequiredtobeincludedinthisForm,include:anyothermaterialinformationpresentedtoinvestors;andsuchfurthermaterialinformation,ifany,asmaybenecessarytomaketherequiredstatements,inthelightofthecircumstancesunderwhichtheyaremade,notmisleading.

Thefollowingdocumentsarebeingsubmittedaspartofthisoffering:

certificateofincorporation.pdf

corporatebylaws.pdf

offeringpage.jpg

pitchdeck.pdf

otherfinancial.pdf

OngoingReporting

32. TheissuerwillfileareportelectronicallywiththeSecurities&ExchangeCommissionannuallyandpostthereportonitswebsite,nolaterthan120daysaftertheendofeachfiscalyearcoveredbythereport:

Onceposted,theannualreportmaybefoundontheissuer’swebsiteat:www.verdantpower.com

■

■

■

■

■

Theissuermustcontinuetocomplywiththeongoingreportingrequirementsuntil:

theissuerisrequiredtofilereportsunderSection13(a)orSection15(d)oftheExchangeAct;

theissuerhasfiledatleastoneannualreportpursuanttoRegulationCrowdfundingandhasfewerthan300holdersofrecordandhastotalassetsthatdonotexceed$10,000,000;

theissuerhasfiledatleastthreeannualreportspursuanttoRegulationCrowdfunding;

theissueroranotherpartyrepurchasesallofthesecuritiesissuedinrelianceonSection4(a)(6)oftheSecuritiesAct,includinganypaymentinfullofdebtsecuritiesoranycompleteredemptionofredeemablesecurities;or

theissuerliquidatesordissolvesitsbusinessinaccordancewithstatelaw.