On October 29, 2021 by Sollensys Corp. (the ‘Company'), on October 26, 2021, the Company entered into a Merger Agreement (‘Merger Agreement') by and among (i) the Company; (ii) S-CC Merger Sub Inc., a wholly owned subsidiary of the Company (‘S-CC Merger Sub'); (iii) S-Solutions Merger Sub Inc., a wholly owned subsidiary of the Company (‘S-Solutions Merger Sub'); (iv) Celerit Corporation (‘Celerit'); (v) Celerit Solutions Corporation (‘Celerit Solutions'); and (vi) Terry Rothwell (collectively, (i)-(v), the ‘Merger Parties'). On April 7, 2022, Terry Rothwell was appointed to serve as a director of Sollensys, satisfying a closing condition of the AR Merger Agreement.

Ms. Rothwell, age 70, is the Chief Executive Officer of Celerit. She founded the company as Technetics Corporation 40 years ago.