Document:

First
Amended AND RESTATED ARTICLES OF INCORPORATION

 

OF

 

solaris
power cells, inc.

 

The
Articles of Incorporation of SOLARIS POWER CELLS, INC., formerly known as Rolling Technologies, Inc. (the “Corporation”)
was filed in the Office of the Secretary of State of the State of Nevada, 202 North Carson Street, Carson City, Nevada 89701,
on July 27, 2007, as Document Number 20070512294-52 and entity no. E0530162007-0, was amended pursuant to a Certificate of Change
on August 12, 2013 as Document Number 20130522919-54.

 

On
May *, 2016, the Board of Directors of the Corporation have unanimously adopted a resolution proposing and declaring advisable
that the Articles of Incorporation be amended and restated in its entirety pursuant to Section 78.403 of the Nevada Revised Statutes
of the State of Nevada (the “NRS”) and have duly adopted this First Amended and Restated Articles of Incorporation.

 

On
May *, 2016, the holder of all 1,000,000 shares of the issued and outstanding shares of Series A redeemable voting preferred stock
of the Corporation (the “Series A Preferred Stock”), representing a majority of the voting capital stock of
the Corporation, by unanimous written consent, approved and consented to the adoption of this First Amended and Restated Articles
of Incorporation, including the reverse splits of the authorized and issued and outstanding shares of common stock, par value
$0.001 per share, of the Corporation

 

The
text of the Articles of Incorporation, as amended and restated herein, shall read as follows:

 

First: The
name of the Corporation is “Solaris Power Cells, Inc.”

 

Second: The
address of the Corporation’s registered office in the State of Nevada is 50 West Liberty Street, Suite 880, in the city
of Reno, Nevada 89501. The name of its registered agent at such address is The Nevada Agency and Transfer Company.

 

Third: The
nature or purpose of the business to be conducted or promoted by the Corporation is to engage in any lawful act or activity for
which corporations may be organized under the NRS.

 

Fourth: The
total number of shares of stock which the Corporation shall have authority to issue is Two Hundred and Seventeen Million (217,000,000)
shares, each having a par value of $0.001 per share, consisting of:

 

(i) Two
Hundred and Seven Million (207,000,000) shares of common stock, par value $0.001 per share (the “Common Stock”);

 

(ii) Ten
Million (10,000,000) shares of Serial Preferred Stock, par value $0.001 per share (the “Preferred Stock”), to be designated
at a future date.

 

    	 

    	 

    

 

A
statement of the powers, designations, preferences, and relative participating, optional or other special rights and the qualifications,
limitations and restrictions of the Common Stock and the Preferred Stock is as follows:

 

1. Common
Stock.

 

(a) Dividends.
Subject to the express terms of any outstanding series of Preferred Stock, dividends may be paid in cash or otherwise with respect
to the Common Stock out of the assets of the Corporation legally available therefor, upon the terms, and subject to the limitations,
as the Board of Directors of the Corporation (the “Board of Directors”) may determine. Except for the voting rights
referred to below, all shares of Common Stock of the Corporation shall be of equal rank and shall be identical in all respects.

 

(b) Liquidation
Rights. Subject to the express terms of any outstanding Preferred Stock, in the event of a Liquidation of the Corporation,
the holders of Common Stock shall be entitled to share in the distribution of any remaining assets available for distribution
to the holders of Common Stock ratably in proportion to the total number of shares of Common Stock then issued and outstanding.

 

(c) Voting
Rights. The holders of Common Stock shall be entitled to one vote per share in voting or consenting to the election of directors
and for all other corporate purposes to the extent authorized by this Articles of Incorporation or the NRS.

 

2. Reverse
Stock Splits. 

 

(a) The
holders of a majority of the shares of voting capital stock of the Corporation issued and outstanding as at the date of this Amended
and Restated Articles of Incorporation and the Board of Directors of the Corporation have authorized the following: (i) a one-for-10
reverse split of the authorized capital stock of the Corporation to reduce the number of authorized shares of capital stock of
the Corporation from 2,170,000,000 shares of capital stock to 217,000,000 authorized shares of capital stock, and (ii) a one-for-100
reverse split of the issued and outstanding shares of Common Stock of the Corporation to combine the outstanding shares of Common
Stock into a lesser number of shares of Common Stock of the Corporation (collectively, the “Reverse Stock Splits”).
There shall be no change in the 10,000,000 shares of preferred stock authorized by the Articles of Incorporation or in the 1,000,000
issued and outstanding shares of Series A Preferred Stock.

 

(b) As
a result of such Reverse Stock Splits, on the “Effective Date” hereinafter defined (i) the 2,170,000,000 authorized
shares of capital stock of the Corporation shall be reduced to 217,000,000 shares of authorized capital stock of the Corporation,
whereby each ten (10) full shares of authorized capital stock of the Corporation shall become one (1) authorized share of authorized
capital stock of the Corporation, and (ii) each one hundred (100) full shares of issued and outstanding Common Stock as at the
effective date of the Reverse Stock Splits shall become one (1) share of Common Stock. All shares of Common Stock reserved for
issuance upon the conversion of any convertible securities or upon the exercise of any options or warrants issued by the Corporation
and outstanding as at the effective date of the Reverse Stock Splits shall similarly be reduced to one full share of Common Stock
for each one hundred (100) shares of Common Stock reserved for issuance.

 

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(c) The
Reverse Stock Splits shall become effective at 5:00 p.m. Eastern time on a date which shall be two (2) Business Days following
the last to occur of (a) the latest date that a corporate action may be taken following the mailing of a Form 14C
Information Statement to the stockholders of the Corporation, and (b) the approval by the Financial Industry Regulatory Authority
(the “Effective Date”).

 

3. The
Reverse Stock Splits affects and is reflected in the authorized capital stock of the Corporation as set forth in ARTICLE FOURTH
of this First Amended and Restated Articles of Incorporation.

 

4. Serial
Preferred Stock. Subject to approval by holders of shares of any class or series of Preferred Stock to the extent such approval
is required by its terms, the Board of Directors is hereby expressly authorized, subject to limitations prescribed by law, by
resolution or resolutions and by filing a certificate pursuant to the applicable law of the State of Nevada, to provide, out of
the unissued shares of Preferred Stock, for series of Preferred Stock, and to establish from time to time the number of shares
to be included in each such series, and to fix the designation, powers, preferences and rights of the shares of each such series
and the qualifications, limitations or restrictions thereof.

 

The
authority of the Board of Directors with respect to each series shall include, but not be limited to, determination of the following:

 

(a) The
number of shares constituting that series and the distinctive designation of that series;

 

(b) The
rate of dividend, and whether (and if so, on what terms and conditions) dividends shall be cumulative (and if so, whether unpaid
dividends shall compound or accrue) or shall be payable in preference or in any other relation to the dividends payable on any
other class or classes of stock or any other series of the Preferred Stock;

 

(c) Whether
that series shall have voting rights in addition to the voting rights provided by law and, if so, the terms and extent of such
voting rights;

 

(d) Whether
the shares must or may be redeemed and, if so, the terms and conditions of such redemption (including, without limitation, the
dates upon or after which they must or may be redeemed and the price or prices at which they must or may be redeemed, which price
or prices may be different in different circumstances or at different redemption dates);

 

(e) Whether
the shares shall be issued with the privilege of conversion or exchange and, if so, the terms and conditions of such conversion
or exchange (including without limitation the price or prices or the rate or rates of conversion or exchange or any terms for
adjustment thereof);

 

(f) The
amounts, if any, payable under the shares thereof in the event of the Liquidation of the Corporation in preference of shares of
any other class or series and whether the shares shall be entitled to participate generally in distributions in the Common Stock
under such circumstances;

 

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(g) Sinking
fund provisions, if any, for the redemption or purchase of the shares (the term “sinking fund” being understood to
include any similar fund, however designated); and

 

(h) Any
other relative rights, preferences, limitations and powers of that series.

 

As
at the date of this First Amended and Restated Articles of Incorporation, an aggregate of 1,000,000 shares of Series A redeemable
voting preferred stock have been authorized for issuance and issued by the Corporation.

 

FIFTH:
At all meetings of stockholders, each stockholder shall be entitled to vote, in person or by proxy, the shares of voting stock
of the Corporation owned by such stockholders of record on the record date for the meeting. When a quorum is present or represented
at any meeting, the vote of the holders of a majority in interest of the stockholders present in person or by proxy at such meeting
and entitled to vote thereon shall decide any question, matter or proposal brought before such meeting unless the question is
one upon which, by express provision of law, this Articles of Incorporation or the By-laws, a different vote is required, in which
case such express provision shall govern and control the decision of such question.

 

SIXTH:

 

1. Number
of Directors. The number of directors of the Corporation shall be fixed from time to time by the vote of a majority of the entire
Board of Directors, but such number shall in no case be less than one (1) director and not more than ten (10) directors. Any such
determination made by the Board of Directors shall continue in effect unless and until changed by the Board of Directors, but
no such changes shall affect the term of any directors then in office.

 

2. Term
of Office; Quorum; Vacancies. A director shall hold office until the annual meeting for the year in which his or her term
expires and until his or her successor shall be elected and shall qualify, subject, however, to prior death, resignation, retirement,
disqualification or removal from office. Subject to the By-laws, a majority of the entire Board of Directors shall constitute
a quorum for the transaction of business. Any vacancies and newly created directorships resulting from an increase in the number
of directors shall be filled by a majority of the Board of Directors then in office even though less than a quorum and shall hold
office until his successor is elected and qualified or until his earlier death, resignation, retirement, disqualification or removal
from office.

 

3. Removal.
Subject to the By-laws, any director may be removed upon the affirmative vote of the holders of a majority of the votes which
could be cast by the holders of all outstanding shares of Common Stock entitled to vote for the election of directors, voting
together as a class, given at a duly called annual or special meeting of stockholders.

 

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SEVENTH: For
the management of the business and for the conduct of the affairs of the Corporation, and in further definition, limitation and
regulation of the powers of the Corporation and of its directors and of its stockholders or any class thereof, as the case may
be, it is further provided:

 

(1) The
business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors.

 

(2) The
directors shall have the power, subject to the terms and conditions of the By-laws, to make, adopt, alter, amend, change, add
to or repeal the By-laws.

 

(3) In
addition to the powers and authority hereinbefore or by statute expressly conferred upon them, the directors are hereby empowered
to exercise all such powers and do all such acts and things as may be exercised or done by the Corporation, subject, nevertheless,
to the provisions of the NRS, this Articles of Incorporation, and any By-laws adopted by the stockholders; provided, however,
that no By-laws hereafter adopted by the stockholders shall invalidate any prior act of the directors which would have been valid
if such By-laws had not been adopted.

 

EIGHTH:

 

1. Stockholder
Meetings; Keeping of Books and Records. Meetings of stockholders may be held within or outside the State of Nevada as the
By-laws may provide. The books of the Corporation may be kept (subject to any provision contained in the NRS) outside the State
of Nevada at such place or places as may be designated from time to time by the Board of Directors or in the By-laws of the Corporation.

 

2. Special
Stockholders Meetings. Special meetings of the Stockholders, for any purpose or purposes, unless otherwise prescribed by law,
may be called by the President or the Chairman of the Board, if one is elected, and shall be called by the Secretary at the direction
of a majority of the Board of Directors, or at the request in writing of Stockholders owning a majority in amount of the Common
Stock of the Corporation issued and outstanding and entitled to vote.

 

3. No
Written Ballot. Elections of directors need not be by written ballot unless the By-laws of the Corporation shall so provide.

 

NINTH:

 

1. Limits
on Director Liability. Directors of the Corporation shall have no personal liability to the Corporation or its stockholders
for monetary damages for breach of a fiduciary duty as a director; provided that nothing contained in this Article NINTH
shall eliminate or limit the liability of a director (i) for any breach of a director’s duty of loyalty to the Corporation
or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or knowing violations
of law, or as otherwise expressly provided in the NRS, or (iii) for any transaction from which a director derived an improper
personal benefit. If the NRS is amended to authorize corporate action further eliminating or limiting the personal liability of
directors, then by virtue of this Article NINTH the liability of a director of the Corporation shall be eliminated or limited
to the fullest extent permitted by the NRS, as so amended.

 

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2. Indemnification.

 

(a) The
Corporation shall indemnify, in accordance with the By-laws of the Corporation and to the fullest extent permitted from time to
time by the NRS or any other applicable laws as presently or hereafter in effect, any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative
or investigative, including, without limitation, an action by or in the right of the Corporation, by reason of his acting as a
director or officer of the Corporation or any of its subsidiaries (and the Corporation, in the discretion of the Board of Directors,
may so indemnify a person by reason of the fact that he is or was an employee or agent of the Corporation or any of its subsidiaries
or is or was serving at the request of the Corporation in any other capacity for or on behalf of the Corporation) against any
liability or expense actually and reasonably incurred by such person in respect thereof; provided, however, the
Corporation shall be required to indemnify an officer or director in connection with an action, suit or proceeding (or part thereof)
initiated by such person only if (i) such action, suit or proceeding (or part thereof) was authorized by the Board of Directors
and (ii) the indemnification does not relate to any liability arising under Section 16(b) of the Exchange Act, as amended, or
any rules or regulations promulgated thereunder. Such indemnification is not exclusive of any other right to indemnification provided
by law or otherwise. The right to indemnification conferred by this paragraph 2(a) shall be deemed to be a contract between the
Corporation and each person referred to herein.

 

(b) If
a claim under paragraph 2(a) is not paid in full by the Corporation, the claimant may at any time thereafter bring suit against
the Corporation to recover the unpaid amount of the claim and, if successful in whole or in part, the claimant shall be entitled
to be paid also the expense of prosecuting such claim. It shall be a defense to any such action (other than an action brought
to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where any undertaking
required by the By-laws of the Corporation has been tendered to the Corporation) that the claimant has not met the standards of
conduct which make it permissible under the NRS and paragraph 2(a) for the Corporation to indemnify the claimant for the amount
claimed, but the burden of proving such defense shall be on the Corporation. Neither the failure of the Corporation (including
its Board of Directors, legal counsel, or its stockholders) to have made a determination prior to the commencement of such action
that indemnification of the claimant is proper in the circumstances because he or she has met the applicable standard of conduct
set forth in the NRS, nor an actual determination by the Corporation (including its Board of Directors, legal counsel, or its
stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a
presumption that the claimant has not met the applicable standard of conduct.

 

(c) Indemnification
shall include payment by the Corporation of expenses in defending an action or proceeding in advance of the final disposition
of such action or proceeding upon receipt of an undertaking by the person indemnified to repay such payment if it is ultimately
determined that such person is not entitled to indemnification under this Article NINTH, which undertaking may be accepted without
reference to the financial ability of such person to make such repayment.

 

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3. Insurance.
The Corporation shall have the power (but not the obligation) to purchase and maintain insurance on behalf of any person who is
or was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a
director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any
expense, liability or loss incurred by such person in any such capacity or arising out of his status as such, whether or not the
Corporation would have the power to indemnify him against such liability under this ARTICLE NINTH or the NRS.

 

4. Other
Rights. The rights and authority conferred in this ARTICLE NINTH shall not be exclusive of any other right which any person
may otherwise have or hereafter acquire under any statute, provision of the Articles of Incorporation, By-laws, agreement, contract,
vote of stockholders or disinterested directors or otherwise.

 

5. Additional
Indemnification. The Corporation may, by action of its Board of Directors, provide indemnification to such of the directors,
officers, employees and agents of the Corporation to such extent and to such effect as the Board of Directors shall determine
to be appropriate and authorized by the NRS.

 

6. Effect
of Amendments. Neither the amendment, change, alteration nor repeal of this ARTICLE NINTH, nor the adoption of any provision
of this Articles of Incorporation or the By-laws of the Corporation, nor, to the fullest extent permitted by NRS, any modification
of law, shall eliminate or reduce the effect of this ARTICLE NINTH or the rights or any protection afforded under this ARTICLE
NINTH in respect of any acts or omissions occurring prior to such amendment, repeal, adoption or modification.

 

TENTH:

 

7. Corporate
Opportunity. In recognition of the fact that the Corporation and its directors, officers and stockholders, acting in their
capacities as such, currently engage in, and may in the future engage in, the same or similar activities or lines of business
and have an interest in the same areas and types of corporate opportunities, and in recognition of the benefits to be derived
by the Corporation through its continued contractual, corporate and business relations with such persons, the provisions of this
ARTICLE TENTH are set forth to regulate and define the conduct of certain affairs of the Corporation as they may involve such
directors, officers and employees, acting in their capacities as such. Accordingly, to the fullest extent permitted by applicable
law, no director, officer or stockholder of the Corporation, in such capacity, shall have any obligation to the Corporation to
refrain from competing with the Corporation, making investments in competing businesses or otherwise engaging in any commercial
activity that competes with the Corporation. To the fullest extent permitted by applicable law, the Corporation shall not have
any right, interest or expectancy with respect to any such particular investments or activities undertaken by any of its directors,
officers or stockholders, such investments or activities shall not be deemed wrongful or improper, and no such director, officer
or stockholder shall be obligated to communicate, offer or present any potential transaction, matter or opportunity to the Corporation
even if such potential transaction, matter or opportunity is of a character that, if presented to the Corporation, could be taken
by the Corporation, so long as such transaction, matter or opportunity did not arise solely and expressly by virtue of the director
being a member of the Board of Directors or an officer or an employee of the Corporation (a “Restricted Opportunity”).
In the event that any director, officer or stockholder, acting in his capacity as such, acquires knowledge of a potential transaction,
matter or opportunity which may be a corporate opportunity for the Corporation, but is not a Restricted Opportunity, such director,
officer or stockholders, acting in their capacities as such, shall have no duty to communicate or offer such corporate opportunity
to the Corporation and shall not be liable to the Corporation or its stockholders for breach of any fiduciary duty by reason of
the fact that such director, officer or stockholder, acting in his capacity as such, pursues or acquires such corporate opportunity
for itself, directs such corporate opportunity to another person, or does not communicate information regarding such corporate
opportunity to the Corporation, and the Corporation hereby renounces any interest or expectancy in such corporate opportunity.
In furtherance of the foregoing, the Corporation renounces any interest or expectancy in, or in being offered the opportunity
to participate in, any corporate opportunity covered by, but not allocated to it pursuant to, this ARTICLE TENTH to the fullest
extent permitted by the NRS.

 

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8. Confidential
Information. The provisions of this ARTICLE TENTH shall in no way limit or eliminate a director’s, officer’s or
stockholder’s duties, responsibilities and obligations with respect to any proprietary information of the Corporation, including
the duty to not disclose or use such proprietary information improperly or to obtain therefrom an improper personal benefit. Except
as otherwise set forth in this ARTICLE TENTH, this ARTICLE TENTH shall not limit or eliminate the fiduciary duties of any director
or officer or otherwise be deemed to exculpate any director or officer from any breach of his fiduciary duties to the Corporation.
For the avoidance of doubt, nothing contained in this Article TENTH amends or modifies, or will amend or modify, in any respect
any written contractual arrangement between any stockholders of the Corporation or any of their respective Affiliates, on the
one hand, and the Corporation and any of its Affiliates, on the other hand, or any applicable employment or non-competition agreement.

 

9. Amendment.
Notwithstanding anything to the contrary contained in this Articles of Incorporation, this ARTICLE TENTH may only be amended (including
by merger, consolidation or otherwise by operation of law) by the affirmative vote of the holders of at least 80% of the Voting
Stock. Neither the termination, alteration, amendment or repeal (including by merger, consolidation or otherwise by operation
of law) of this ARTICLE TENTH nor the adoption of any provision of this Articles of Incorporation inconsistent with this ARTICLE
TENTH shall eliminate or reduce the effect of this ARTICLE TENTH in respect of any matter occurring, or any cause of action, suit
or claim that, but for this ARTICLE TENTH, would accrue or arise, prior to such termination, alteration, amendment, repeal or
adoption.

 

ELEVENTH: Subject
to applicable law and the terms herein, the Corporation reserves the right to repeal, alter, change or amend any provision contained
in this Articles of Incorporation in the manner now or hereafter prescribed by statute and all rights conferred upon stockholders
herein are granted subject to this reservation. No repeal, alteration or amendment of this Articles of Incorporation shall be
made unless the same is first approved by the Board of Directors of the Corporation pursuant to a resolution adopted by the directors
then in office in accordance with the By-laws and applicable law and thereafter approved by the stockholders as provided in the
NRS.

 

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TWELFTH:
The name and mailing address of the Corporation is as follows:

 

Solaris
Power Cells, Inc.

3111
E. Tahquitz Way.

Palm
Springs, California 92262

 

IN
WITNESS WHEREOF, the Corporation has caused its corporate seal to be hereunto affixed and this First Amended and Restated Certificate
of Incorporation to be signed by its duly authorized officer and as approved by the Board of Directors of the Corporation on May
___, 2016.

 

	 	SOLARIS
    POWER CELLS, INC.
	 	 
	 	By:	/s/
    Leonard Caprino
	 	Name:
    	Leonard
    Caprino
	 	Title:
    	Chief
    Executive Officer and Director

 

    	9OPTION
AND SEPARATION

AGREEMENT

 

THIS
OPTION AND SEPARATION AGREEMENT (“Agreement”) is entered into as of the 16th day of May 2016, between
Leonard Caprino, an individual residing in the State of California (“Executive”) and Solaris
Power Cells, Inc., a Nevada corporation (“Solaris”) as the parties to this Agreement whereby they
wish to set forth clearly the terms and conditions of Executive’s voluntary departure from his positions with Solaris, they
agree as follows:

 

1.
 Termination. Effective as of May 31, 2016, (the “Termination Date”), the parties hereto acknowledge
and agree that Executive shall voluntarily resigned as an executive officer of Solaris and as a member of the Board of Directors
of Solaris and will have voluntarily resigned from all positions he occupies as an officer or director of Solaris. The parties
further acknowledge and agree that, as of the Termination Date, they will have mutually and voluntarily terminated all consulting
agreements, employment contracts or other contracts for services by the Executive on behalf of Solaris entered into by and between
Solaris and the Executive.

 

2. Unpaid
Salaries. The parties hereto acknowledge that as at the Termination Date Solaris is and shall be indebted to the Executive
for services provided in the aggregate amount of $150,000. In consideration for the payment of USD$100,000.00 payable pursuant
to a Convertible Promissory Note delivered by Solaris and Pixel Mags, Inc. (the “Note”) and the delivery
by Solaris to Executive of 1,000,000 shares of Series A redeemable voting preferred stock of Solaris in Executive’s name
which are fully paid and non-assessable and contain the rights, privileges and designations set forth on Exhibit A
annexed hereto (the “Series A Preferred Stock”), receipt of which Note and stock certificate for 1,000,000
shares of Series A Preferred Stock is hereby acknowledged, the Executive shall forthwith release all claims against Solaris for
unpaid salaries and wages, reimbursement of expenses, money owed, and debts of any kind whatsoever.

 

3.
 Executive Option to Purchase Certain Assets. Commencing on July 15, 2016, the Executive shall have the right and
option, but not the obligation (the “Executive Option”) to purchase from Solaris, the assets, properties and
contractual rights used in connection with the Business as described in Exhibit B (collectively, the “Assets”).
The Executive Option may be exercised by the Executive by giving written notice to Solaris (the “Executive Option Notice”)
at any time commencing July 15, 2016 and ending December 31, 2016 (the “Executive Option Period”). In the event
that the Executive shall elect to exercise the Executive Option during the Executive Option Period he shall pay to Solaris the
sum of $60,000 (the “Executive Option Price”). If the Executive Option is exercised prior to October 15, 2016
(or any later date if the Note has not been paid in full on its October 15, 2016 Maturity Date), the Executive may pay the Executive
Option Price by reducing the principal amount of the Note by $60,000. Against payment of the Executive Option Price, Solaris shall
deliver to the Executive a bill of sale of all of the Assets (the “Bill of Sale”), pursuant to which Solaris
shall deliver good and marketable title to such Assets, free and clear of all liens, claims and encumbrances and all liabilities
(other than liabilities associated with the Assets, if any), but without any other warranties, express or implied.

 

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4. PHI
Option to Purchase Series A Preferred Stock. Unless the Series A Preferred Stock shall have been previously redeemed by
the Company in accordance with the provisions of its Series A Preferred Certificate of Designations, commencing on July 15, 2016,
Pixel Holdings, Inc., a corporation organized under the laws of the State of Delaware (“PHI”) or its
Affiliates shall have the right and option, but not the obligation (the “PHI Option”) to purchase from the
Executive all of the 1,000,000 shares of Series A Preferred Stock. The PHI Option may be exercised by PHI or its Affiliates by
giving written notice to the Executive (the “PHI Option Notice”) at any time commencing July 15, 2016 and ending
December 31, 2016 (the “PHI Option Period”). In the event that PHI or its Affiliates shall elect to exercise
the PHI Option during the PHI Option Period he shall pay to the Executive the sum of $10,000 (the “PHI Option Price”).
Against payment of the PHI Option Price, the Executive shall deliver to PHI or its designated Affiliate all certificates evidencing
the shares of Series A Preferred Stock duly endorsed for transfer by the record owner. From and after the Termination Date and
until the expiration of the PHI Option Period, the Executive shall grant to PHI an irrevocable proxy, coupled with an interest,
to vote all of the shares of Series A Preferred Stock on any matter requiring the vote or consent of stockholders of Solaris.

 

5. Mutual
Release of Claims; Indemnification. 

 

(a)
Executive Release. Except for any rights and benefits he has under the Note and the Series A Preferred Stock, Executive
independently releases all rights and claims he has or claims to have, against Solaris, known and unknown, on behalf of himself
and on behalf of his heirs, executors, administrators, trustees, legal representatives and assigns, (collectively, the “Solaris
Releasors”) under applicable local, state, federal and foreign law. This release specifically includes, but is not
limited to, all rights and claims in connection with Executive’s employment, including but not limited to, claims for wages,
benefits, defamation, libel and slander claims, discrimination of any kind, retaliation of any kind, constructive discharge, violation
of public policy, negligence, intentional or negligent infliction of emotional distress, any claim under the Civil Rights Act
of 1964 and 1991, the Employment Retirement Income Security Act (“ERISA”), and claims under the federal
Age Discrimination in Employment Act (“ADEA”), and claims of worker’s compensation, and waives
any right or claim for reinstatement, and any other possible claims, whether arising under statute , contract, or common law,
and attorneys’ fees or costs with respect to or derivative of such employment with Solaris or the termination thereof or
otherwise. This release covers all of Executive’s rights against Solaris and its subsidiaries, affiliates, predecessors,
successors, assigns, directors, officers, employees, agents, partners, members, stockholders, representatives and attorneys, in
their individual and representative capacities (collectively, the “Solaris Releasees”). 

 

(b)
Solaris Release. Solaris, on behalf of itself and its past and present partners, principals, employees, agents, attorneys,
insurers, representatives, affiliates, predecessors, successors, heirs and assigns, hereby release and forever discharges Executive
and his heirs, executors, administrators, trustees, legal representatives and assigns, from any and all claims, demands, obligations,
losses, causes of action, costs, expenses, attorney’s fees and liabilities of any nature whatsoever, whether based on contract,
tort, statutory or other legal or equitable theory of recover, whether known or unknown, which Solaris has, had, claims, or could
claim to have against Executive. 

 

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(c)
Nature and Limitations of Mutual Releases. This mutual releases and waivers set forth in Section 3(a) and (b) above
shall apply only to claims related to Executive’s employment with Solaris or resignation of Executive’s employment
with Solaris that Solaris may have against Executive, or that Executive may have against Solaris. The parties release and discharge
each other from any and all claims or charges or suits of whatever nature they have or may have against any of them, including
without limitation, any and all claims, known or unknown, arising from Executive’s employment or resignation from Solaris,
including, but not limited to claims under any Federal State, or Local law, regulation, or order, or in tort or in contract or
otherwise. The parties further agree that they will not commence any lawsuits with regard to any claims, known or unknown, arising
out of Executive’s employment or termination of employment. This release and waiver and the promise not to sue shall be
binding on Solaris and on Executive, Executive’s executors, administrators, heirs and assigns. Notwithstanding any provision
of this Agreement to the contrary, the foregoing mutual release and waivers contained herein does not apply to any claims that
may arise either (i) under a share exchange agreement dated as of March 31, 2016 among Solaris, the Executive, Pixel Holdings,
Inc. and Pixel Mags, Inc. (the “Pixel Exchange Agreement”), or (ii) after this Agreement is executed or for
any claim or action to enforce any term of this Agreement or the Note.

 

(d)
Older Workers Benefits Protection Act. A special federal law applies to the release of a claim for age discrimination.
For Executive to relinquish a claim for age discrimination, certain requirements must be met. By signing this Agreement, Executive
acknowledges and agrees that the following requirements have been met:

 

(i)
This Agreement is written in language which is readily understandable.

 

(ii)
Executive understands that he is relinquishing any claim for age discrimination which he might assert as of the date of the Agreement.

 

(iii)
Executive is informed that he should consult an attorney regarding the Agreement if that is his wish, and has been given an ample
opportunity to do so.

 

(iv)
This Agreement will not be effective until seven (7) days after Executive signs it (“Revocation Period”);
Executive may revoke it at any time during the Revocation Period.

 

(e)
Notwithstanding anything to the contrary set forth in this Section 3 neither Executive nor Solaris release, waive or discharge
the other from any claims to seek to enforce this Agreement or the Note.

 

(f)
Executive herby represents that he has not filed or commenced any proceeding against Solaris, and hereby covenants and agrees
not to file or commence any proceeding against Solaris with respect to his employment with Solaris or the termination thereof,
or otherwise, arising on or prior to the date of execution of this Agreement. Executive also agrees that if he breaches these
representations or covenants, then he authorizes Solaris to, and each shall have the right to, cause any such proceeding to be
dismissed on the grounds that Executive has completely released and waived such proceeding. Nothing hereunder shall limit Executive
from filing a lawsuit for the sole purpose of enforcing his rights under this Agreement or the Note. If any government agency
independently brings any claim or conducts an investigation against Solaris, nothing in this Agreement prevents Executive from
cooperating truthfully as a fact witness in such proceedings, but by this Agreement, Executive waives and agrees to relinquish
any damages or other individual relief that may be awarded to Executive as a result of any such proceedings.

 

    	3

    	 

    

 

(g)
Solaris hereby agrees and covenants with the Executive that it shall indemnify and hold harmless the Executive his heirs and legal
representatives against all costs, charges, losses, expenses and claims whatsoever arising out of or in any way incidental to
the Executive holding or having held office as an officer and/or member of the Board of Directors of Solaris and any and all acts
or omissions of the Executive while acting or purporting to act in such capacity.

 

6.
Confidential Information. Executive acknowledges that, during the course of his employment with Solaris, he may have developed
Confidential Information (as defined below) for Solaris, and may have learned of Confidential Information developed or owned by
Solaris or entrusted to Solaris or its affiliates by others. Executive hereby agrees that he will not, directly or indirectly,
use any Confidential Information or disclose it to any other person or entity, except as otherwise required by law. “Confidential
Information” means any and all information relating to Solaris which is not generally known by the public or others
with whom Solaris does (or as of the Termination Date plans to) compete or do business with, as well as comparable information
relating to any of Solaris’ affiliates. Confidential Information includes, but is not limited to, information pertaining
to the terms of this Agreement, as well as Solaris’ business, practices, finances, strategic opportunities, internal strategies,
legal affairs (including pending litigation), the terms of business relationships not yet publicly known, and intellectual property.
Confidential Information does not include any information that is: (i) shown to have been developed independently by Executive
prior to his employment with Solaris; or (ii) required by a judicial tribunal or similar governmental body to be disclosed under
law (provided that Executive has first promptly notified Solaris of such disclosure requirement and has cooperated fully with
Solaris (at Solaris’ expense) in exhausting all appeals objecting to such requirements). Executive also agrees that, in
addition to and without limiting the availability of any other legal or equitable remedies Solaris may have against him, Solaris
shall be entitled to an injunction restraining him from further violation of such sections.

 

7.
Non-disparagement. In accordance with normal ethical and professional standards, prior to and following the Termination
Date, each party agrees to refrain from any disparagement, defamation, slander of the other, or tortious interference with the
contracts and relationships of the other.

 

8.
Choice of Law, Jurisdiction and Venue. This Agreement shall be construed and enforced in accordance with, and all questions
concerning the construction, validity, interpretation and performance of this Agreement shall be governed by, the internal laws
of the State of California, without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of California or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State
of California. The Executive and Solaris hereby irrevocably submit to the exclusive jurisdiction of the state and federal courts
sitting in Riverside County, California, for the adjudication of any dispute hereunder or in connection herewith or with any transaction
contemplated hereby or discussed herein, and hereby irrevocably waive, and agree not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought
in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law. Whenever possible, each provision of this Agreement
shall be interpreted in such a manner as to be effective and valid under applicable law, but if any provision of this Agreement
shall be prohibited by or invalid under such law, such provision shall be ineffective to the extent of such prohibition or invalidity,
without invalidating the remainder of such provision or the remaining provisions of this Agreement.

 

    	4

    	 

    

 

9.
Miscellaneous.

 

(a)
This Agreement is personal in its nature and the parties shall not, without the prior written consent of the other, assign or
transfer this Agreement or any rights or obligations hereunder; provided, however, the provisions hereof shall inure
to the benefit of, and be binding upon, each successor of Solaris or any of its affiliates, whether by merger, consolidation or
transfer of all or substantially all of its assts.

 

(b)
This Agreement contains the entire understanding of the parties hereto relating to the subject matter herein contained and supersedes
all prior agreements or understandings between the parties hereto with respect thereto. This Agreement can be changed only by
a writing signed by all parties hereto. No waiver shall be effective against any party unless in writing and signed by the party
against whom such waiver shall be enforced.

 

(c)
All notices and other communications hereunder shall be deemed to be sufficient if in writing and delivered in person or by a
nationally recognized courier service, addressed, if to executive, to the Executive’s most recent home address on file with
Solaris, and if to Solaris, to:

 

Solaris
Power Cells, Inc.

3111
East Tahquitz Way

Palm
Springs, CA 92262

 

(d)
In case any provision or provisions contained in this Agreement shall for any reason be held to be invalid, illegal or unenforceable
in any respect by any court or administrative body with competent jurisdiction, such invalidity, illegality or unenforceability
shall not affect the remaining provisions hereof, which shall remain in full force and effect. Any provision(s) so determined
to be invalid, illegal or unenforceable shall be reformed so that they are valid, legal and enforceable to the fullest extent
permitted by law or, if such reformation is impossible, then the Agreement shall be construed as if such invalid, illegal or unenforceable
provision(s) had never been contained herein.

 

(e)
This Agreement may be executed via facsimile and in two or more counterparts each of which shall be deemed an original, but all
of which together shall constitute on and the same instrument, binding on the parties.

 

Balance
of this page intentionally left blank – signature page follows

 

    	5

    	 

    

 

 

	SOLARIS
    POWER CELLS, INC.,	 	LEONARD
    CAPRINO
	a
    Nevada corporation	 	 	 
	 	 	 	 	 
	By:
    	 	 	By:	 
	Name:	Roy
    Givens	 	Name:	Leonard
    Caprino
	Title:
    	Chief
    Technology Officer	 	Date:	May
    16, 2016
	Date:
    	May
    16, 2016	 	 	 

 

    	6

    	 

    

 

Exhibit
A – Designation of Series A Preferred Stock

 

CERTIFICATE
OF DESIGNATIONS OF THE

SERIES A PREFERRED STOCK OF

SOLARIS POWER CELLS, INC.

 

PURSUANT
TO SECTION 78.195

OF THE NEVADA REVISED STATUTES

 

I,
Roy Givens, hereby certify that I am the Chief Executive Officer of Solaris Power Cells, Inc. (the “Corporation”),
a corporation organized and existing under the Nevada Revised Statutes (the “NRS”), and further do hereby
certify:

 

That
pursuant to the Articles of Incorporation of the Corporation, as amended (the “Articles of Incorporation”),
an aggregate of One Million (1,000,000) shares of preferred stock, $0.001 par value per share (the “Preferred Stock”)
are authorized for issuance, and may contain such rights, privileges and designations (including voting and conversion rights)
as the Board of Directors of the Corporation (the “Board”) may, from time to time, designate.

 

That
pursuant to the authority expressly conferred upon the Board by the Articles of Incorporation, on May 16, 2016, the Board adopted
the following resolutions creating a series of One Million (1,000,000) authorized shares of Preferred Stock designated as voting
Series A Preferred Stock of the Corporation, none of which shares have been issued.

 

RESOLVED,
that the Board designates the Series A Preferred Stock and the number of shares constituting such series, and fixes the rights,
powers, preferences, privileges and restrictions relating to such series in addition to any set forth in the Articles of Incorporation
as follows:

 

TERMS
OF SERIES A CONVERTIBLE PREFERRED STOCK

 

1.
Designation and Number.

 

(a) A
series of Preferred Stock of the Corporation, designated as voting, convertible Series A Preferred Stock, par value $0.001 per
share, (“Series A Preferred Stock”) is hereby established. The number of authorized shares of Series
A Preferred Stock shall initially be One Million (1,000,000) shares.

 

(b) The
stated value of the Series A Preferred Stock shall be one cent ($0.01) per share of Series A Preferred Stock (“Stated
Value”).

 

(c) The
Series A Preferred Stock is being issued on a date (the “Issuance Date”) which will be simultaneous
with the Closing Date as set forth under that certain Option and Separation Agreement, dated as of April 15, 2016 (the “Agreement”)
by and among Leonard Caprino and the Corporation.

 

(d) As
used in this Certificate, the term “Holder” shall mean one or more holder(s) of shares of Series A Preferred
Stock.

 

    	 

    	 

    

 

(e) Unless
otherwise defined in this Certificate, all capitalized terms, when used herein shall have the same meaning as they are defined
in the Agreement.

 

2.
Rank. All shares of the Series A Preferred Stock shall rank:

 

(a) senior
to (i) the Corporation’s Common Stock, $0.001 par value per share, of the Corporation (the “Common Stock”);
and (ii) any other class of securities which is specifically designated as junior to the Series A Preferred Stock, (collectively,
with the Common Stock and Preferred Stock, the “Junior Securities”), in each case as to distribution of assets
upon liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary;

 

(b) pari
passu and on parity with any other class or series of Preferred Stock of the Corporation hereafter created specifically
ranking, by its terms, on parity with the Series A Preferred Stock (the “Pari Passu Securities”), it being
understood that the Series A Preferred Stock shall be pari passu with and on parity to all classes or series of
convertible Preferred Stock hereafter issued by the Corporation; and

 

(c) junior
to any class or series of capital stock of the Corporation hereafter created specifically ranking, by its terms, senior
to the Series A Preferred Stock (collectively, the “Senior Securities”), in each case as to distribution of
assets upon liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary.

 

3.
Dividends. The Series A Preferred Stock shall not pay a dividend. However, the Holders of the Series A Preferred Stock
shall be entitled to receive dividends when, as, and if declared by the Board, in an amount which shall be paid pro rata on the
Common Stock and the Series A Preferred Stock, on an equal priority, pari passu basis, according to the number of
shares of Common Stock held by the stockholders, where each Holder of Series A Preferred Stock is to be treated for this purpose
as holding (in lieu of such shares of Series A Preferred Stock) the greatest whole number of shares of Common Stock then issuable
upon conversion in full of such shares of Series A Preferred Stock. The right to dividends on shares of Series A Preferred Stock
shall not be cumulative, and no right shall accrue to holders of Series A Preferred Stock by reason of the fact that dividends
on said shares are not declared in any period, nor shall any undeclared or unpaid dividend bear or accrue interest.

 

4.
Liquidation Preference. In the event of a merger, sale (of substantially all assets or stock), any voluntary or involuntary
liquidation, dissolution or winding up of the affairs of the Corporation, then, either (i) after any distribution or payment on
Senior Securities, (ii) simultaneous and on a pro-rata basis with any distribution or payment on Pari Passu Securities, and (iii)
before any distribution or payment shall be made to the Holders of the Common Stock or any other Junior Securities, each Holder
of Series A Preferred Stock then outstanding shall be entitled to be paid, out of the assets of the Corporation available for
distribution to its stockholders, an amount (the “Liquidation Preference”) equal to aggregate number of shares
of Series A Preferred Stock then outstanding multiplied by one cent ($0.01). If the assets of the Corporation are not sufficient
to generate cash sufficient to pay in full the Liquidation Preference, then the Holders of Series A Preferred Stock shall share
ratably (together with holders of any Pari Passu Securities) in any distribution of cash generated by such assets in accordance
with the respective amounts that would have been payable in such distribution as if the amounts to which the Holders of outstanding
shares of Series A Preferred Stock are entitled were paid in full.

 

    	2

    	 

    

 

5.
Voting Rights. Except as otherwise set forth herein, the Series A Preferred Stock shall vote together with the Common Stock
and not as a separate class. Each share of Series A Preferred Stock shall have two thousand five hundred (2,500) votes on all
matters required to be voted upon or consented to by a stockholder of the Corporation, or an aggregate of two billion, five hundred
million (2,500,000,000) votes. Except as otherwise set forth herein, the Holders of Series A Preferred Stock shall have no right
to vote as a separate class on any matter submitted to vote by the stockholders of the Corporation, excluding, however, any proposed
amendment that would adversely alter or change any preference or any relative or other right given to the Series A Preferred Stock;
in which event the Series A Preferred Stock may vote as a separate class with respect to such amendment. The holder of each share
of Series A Preferred Stock shall be entitled to notice of any stockholders’ meeting in accordance with the Bylaws of the
Corporation and shall vote with holders of the Common Stock upon the election of directors and upon any other matter submitted
to a vote of stockholders. Fractional votes by the Holders of Series A Preferred Stock shall not, however, be permitted and any
fractional voting rights resulting from the above formula (after aggregating all shares into which shares of Series A Preferred
Stock held by each holder could be converted) shall be rounded to the nearest whole number (with one-half being rounded upward).

 

6.
Conversion. The Series A Preferred Stock shall not be convertible into Common Stock of the Corporation.

 

7.
No Reissuance of Series A Preferred Stock. No share or shares of Series A Preferred Stock acquired by the Corporation by
reason of redemption, purchase, conversion or otherwise shall be reissued, and all such shares shall be canceled, retired and
eliminated from the shares which the Corporation shall be authorized to issue.

 

8.
Redemption. The Corporation may, at any time or from time to time, redeem all or any portion of the Series A Preferred
Stock for a cash redemption price of one cent ($0.01) per share, or $10,000 for all 1,000,000 shares of Series A Preferred Stock
(the “Redemption Price”). In the event that the Corporation shall elect, by resolution of its board of directors,
to redeem any or all of the shares of Series A Preferred Stock, the Corporation shall submit to the Holder a notice of redemption
(the “Redemption Notice”). On a date which shall be not later than two (2) Business Days following delivery
of the Redemption Notice (which may be delivered by electronic mail), the Holder shall surrender the certificate(s) evidencing
the Series A Preferred Stock at the offices of the Corporation, against receipt of the Redemption Price.

 

9.
 Amendment. This Certificate of Designation or any provision hereof may be amended by obtaining the affirmative vote
at a meeting duly called for such purpose, or written consent without a meeting in accordance with the NRS, of (i) a majority
of the outstanding Series A Preferred Stock, voting separate as a single class, and (ii) with such other stockholder approval,
if any, as may then be required pursuant to the NRS and the Articles of Incorporation.

 

    	3

    	 

    

 

10. Protective
Provisions. So long as any shares of Series A Preferred Stock are outstanding, the Corporation shall not, nor shall it permit
any of its Subsidiaries to, take any of the following corporate actions (whether by merger, consolidation or otherwise) without
first obtaining the approval (by vote or written consent) of the Holders of a majority of the issued and outstanding Series A
Preferred Stock (the “Series A Majority Holders”):

 

(a) alter
or change the rights, preferences or privileges of the Series A Preferred Stock, or increase the authorized number of shares of
Series A Preferred Stock; or

 

(b) issue
any additional shares of Series A Preferred Stock.

 

Notwithstanding
the foregoing, no change pursuant to this Section 14 shall be effective to the extent that, by its terms, it applies to less than
all of the Holders of shares of Series A Preferred Stock then outstanding.

 

11. Cancellation
of Series A Preferred Stock If any shares of Series A Preferred Stock are converted pursuant to this Certificate of Designations,
the shares so converted or redeemed shall be canceled, shall return to the status of authorized, but unissued Series A Preferred
Stock of no designated series, and shall not be issuable by the Corporation as Series A Preferred Stock.

 

12. Lost
or Stolen Certificates. Upon receipt by the Corporation of (i) evidence of the lost, theft, destruction or mutilation of any
Series A Preferred Stock Certificate(s) and (ii) (y) in the case of loss, theft or destruction, indemnity (without any bond or
other security) reasonably satisfactory to the Corporation, or (z) in the case of mutilation, the Series A Preferred Stock Certificate(s)
(surrendered for cancellation), the Corporation shall execute and deliver new Series A Preferred Stock Certificate(s) of like
tenor and date. However, the Corporation shall not be obligated to reissue such lost, stolen, destroyed or mutilated Series A
Preferred Stock Certificate(s) if the Holder contemporaneously requests the Corporation to convert such Series A Preferred Stock.

 

13. Waiver
Notwithstanding any provision in these Certificate of Designations to the contrary, any provision contained herein and any
right of the Holders of Series A Preferred Stock granted hereunder may be waived as to all shares of Series A Preferred Stock
(and the Holders thereof) upon the written consent of the Series A Majority Holders, unless a higher percentage is required by
applicable law, in which case the written consent of the Holders of not less than such higher percentage of shares of Series A
Preferred Stock shall be required.

 

14.
Information Rights So long as shares of Series A Preferred Stock are outstanding, the Corporation will deliver to each
Holder of Series A Preferred Stock (i) unaudited annual financial statements to the Holders of Series A Preferred Stock within
90 days after the end of each fiscal year; (ii) and unaudited quarterly financial statements within 45 days of the end of each
fiscal quarter. Notwithstanding the foregoing in the event and to the extent that such information is electronically available
on the web site of the Securities and Exchange Commission (www.sec.gov), the Corporation need not separately furnish such
documents to Holders of the Series A Preferred Stock.

 

    	4

    	 

    

 

15. Certain
Definitions. Unless otherwise defined in this Certificate, all capitalized terms, when used herein, shall have the same
meaning as they are defined in the Exchange Agreement. As used in this Certificate, the term “Subsidiary” shall
mean, as it applies to the Corporation, any one or more Persons, a majority of the capital stock or other equity interests of
which are owned directly or indirectly (through another Subsidiary) by the Corporation. The term “Person” shall
mean any corporation, limited liability company, partnership, limited partnership, trust or other entity.

 

16. Notices.
Any notices required or permitted to be given under the terms hereof shall be sent by certified or registered mail (return
receipt requested) or delivered personally, by nationally recognized overnight carries or by confirmed facsimile transmission,
and shall be effective five days after being placed in the mail, if mailed, or upon receipt or refusal of receipt, if delivered
personally or by nationally recognized overnight carrier or confirmed facsimile transmission, in each case addressed to a party.
The addresses for such communications are (i) if to the Corporation c/o Solaris Power Cells, Inc.., 3111 East Tahquitz Way, Palm
Desert, CA 92262; and (ii) if to any Holder to the address set forth under such Holder’s name on the execution page to the
Exchange Agreement, or such other address as may be designated in writing hereafter, in the same manner, by such person

 

*
* * * *

 

    	5

    	 

    

 

The
undersigned declares under penalty of perjury under the laws of the State of Nevada that the matters set forth in this certificate
are true and correct of his own knowledge.

 

The
undersigned has executed this certificate on May 16, 2016.

 

	 	SOLARIS POWER CELLS, INC.
	 	 
	 	By:	/s/
    Roy Givens
	 	Name:	Roy
    Givens, 
	 	Title:	Chief
    Financial Officer

 

    	6

    	 

    

 

Exhibit
B

 

Identification
the Assets

 

Assets:

 

Solaris
Sun Car Golf Cars LVTong Model qty. (2), and related technology

 

Solaris
Sun Car EZ-Go Model qty (1), and related technology

 

Solaris
F2 Vapor Mod and Associated PESA Electronics, and related technology

 

Assorted
Solaris PESA Cell Storage Arrays, and related technology

 

Domain:
www.solarispowercells.com

www.solarissuncar.com

www.vapebatteryfree.com

 

Trademark
Solaris Sun Burst

 

LVTong
Non-Modified Golf Carts Qty (2)

 

    	7

    	 

    

 

THIS
PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”), OR THE SECURITIES LAWS OF ANY
JURISDICTION. SUCH NOTE MAY NOT BE OFFERED, SOLD, HYPOTHECATED, GIVEN, BEQUEATHED, TRANSFERRED, ASSIGNED PLEDGED, ENCUMBERED,
OR OTHERWISE DISPOSED OF (“TRANSFERRED”) EXCEPT PURSUANT TO (I) A REGISTRATION STATEMENT WITH RESPECT TO SUCH NOTE
THAT IS EFFECTIVE UNDER THE ACT AND APPLICABLE STATE SECURITIES LAW, OR (II) ANY EXEMPTION FROM REGISTRATION UNDER THE ACT, AND
APPLICABLE STATE SECURITIES LAW, PROVIDED THAT AN OPINION OF COUNSEL IS FURNISHED TO THE COMPANY, IN FORM AND SUBSTANCE REASONABLY
SATISFACTORY TO THE COMPANY, TO THE EFFECT THAT AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND/OR APPLICABLE STATE
SECURITIES LAW IS AVAILABLE.

 

CONVERTIBLE
SECURED PROMISSORY Note

 

	Dated:
    May 16, 2016	US
    $100,000.00

 

For
Value Received, the undersigned, Solaris Power
Cells, Inc., a Nevada corporation (“Solaris” or the “Company”), and Pixel
Mags, Inc. a Delaware corporation (“Pixel”; Pixel and and Solaris are collectively referred to herein
as the “Maker”), jointly and severally, hereby promise to pay to Leonard Caprino or his assigns (the
“Holder”), the amount set forth above (the “Principal”) on the Maturity Date
(as defined below), and to pay interest (the “Interest”) on any outstanding Principal at the
Interest Rate as required by Section 2 hereof. All accrued Interest is to be paid on the Maturity Date.

 

1. Transaction.
Solaris and Pixel hereby acknowledge and agree that the Principal amount is owed to Holder in connection with a written Option
and Separation Agreement with Holder of even date herewith (the “Option Agreement”) that was entered
into between Leonard Caprino and Solaris in connection with the transactions contemplated by the Exchange Agreement, dated as
of April 30, 2016, by and among: (A) Pixel; (B) Solaris; (C) Leonard Caprino, an individual residing in the
State of California; and (D) Pixel Holdings, Inc., a corporation organized under the laws of the State of Delaware. Pursuant
to the Exchange Agreement, Solaris and Pixel will be affiliated entities.

 

2. Interest.
Interest shall accrue on the unpaid Principal at the rate of seven percent (7%) per annum from the date first set forth
above, until and to the extent that the Principal is paid. Interest on the Note shall be computed on the basis of a 360-day year
comprised of twelve (12) 30-day months.

 

3. Repayment.
(a) This note shall be due and payable on October 15, 2016, (the “Maturity Date”). The Maker may pre-pay
all or any portion of this Note at any time. Repayment of this Note shall be governed by the terms set forth herein and in the
Option Agreement referred to above. Accordingly, if the Holder elects to exercise the Option to purchase the Assets set forth
in the Option Agreement, the Company shall have the right to credit the $60,000 option price set forth in the Option Agreement
against the Principal amount of this Note and as a partial payment of this Note.

 

    	1

    	 

    

 

(b) Repayment
of the Principal and Interest accrued hereon shall be paid in lawful money of the United States of America. If a date for payment
of Principal or Interest is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and
Interest shall accrue for the intervening period. Holder shall surrender the Note to Solaris’ U.S. legal counsel
on the Maturity Date for cancellation upon full and complete repayment of the Principal and Interest.

 

(c)
 In the event that the Holder elects to convert the Principal amount of this Note into shares of Solaris’ common stock,
then no re-capitalization, forward split or reverse split of the Solaris’ common stock to take effect hereafter shall have
a dilutive effect on the number of shares that are to be issued as a result of such conversion.

 

(d) The
Holder has the right, in its sole discretion, on the Maturity Date and in lieu of payment in cash, to convert any part of this
Note into shares of Solaris’ common stock at a conversion price per share equal to the volume weighted average price of
Solaris common stock for the ten (10) trading days immediately prior to the date the Holder delivers to Solaris a Notice of Election
to Convert (as described below). The Holder shall exercise its right to convert this Note or any part thereof, by delivering to
Solaris a Notice of Election to Convert in the form attached hereto as Exhibit A (the “Notice of Election to Convert”).
The Holder shall provide this original Note to Solaris along with such Notice of Election to Convert. In the case that the Holder
elects to convert the entire outstanding balance of this Note, then the Note shall be cancelled in whole. In the event that Holder
elects to convert less than the entire outstanding balance of this Note, then a new Note shall be reissued reflecting the remaining
balance of this Note and delivered to the Holder along with the common stock issued as a result of the Holder’s Notice of
Election to Convert.

 

4. Security. Payment
of this Note is secured by a lien and security interest on the “Assets” as that term is defined in the Option and
Separation Agreement. The Holder is authorized to file a UCC-1 Financing Statement covering the Assets.

 

5. Unregistered.
This Note has not been registered under the Act, or the securities laws of any state. Accordingly, this Note, upon issuance, will
be a “restricted security” in the United States within the meaning of Rule 144(a)(3) of the Act. 

 

6. Non-circumvention.
The Maker hereby covenants and agrees that the Maker will not, by amendment of its Articles or Certificate of Incorporation, Bylaws
or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of
securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Note,
and will at all times in good faith carry out all of the provisions of this Note and take all action as may be required to protect
the rights of the Holder of this Note.

 

    	2

    	 

    

 

7. Waiver.
To the extent permitted by law, the Maker hereby waives demand, notice, protest and all other demands and notices in connection
with the delivery, acceptance, performance, default or enforcement of this Note.

 

8. Enforcement
Fees. If (a) this Note is placed in the hands of an attorney for collection or enforcement or is collected or enforced through
any legal proceeding or the Holder otherwise takes action to collect amounts due under this Note or to enforce the provisions
of this Note or (b) there occurs any bankruptcy, reorganization, receivership of the Maker or other proceedings affecting Maker
creditors’ rights and involving a claim under this Note, then the Maker shall pay the costs incurred by the Holder for such
collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including,
but not limited to, financial advisory fees and attorneys’ fees and disbursements.

 

9. Governing
Law, Jurisdiction; Severability; Jury Trial. This Note shall be construed and enforced in accordance with, and all questions
concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of
the State of California, without giving effect to any choice of law or conflict of law provision or rule (whether of the State
of California or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State
of California. The Maker hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in Riverside
County, California, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated
hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an
inconvenient forum or that the venue of such suit, action or proceeding is improper. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law. In the event that any provision of this Note is
invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent
that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which
may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of this
Note. Nothing contained herein shall be deemed or operate to preclude the Holder from bringing suit or taking other legal action
against the Maker in any other jurisdiction to collect on the Maker’s obligations to the Holder, or to enforce a judgment
or other court ruling in favor of the Holder.

 

Solaris
and Pixel, being jointly and severally obligated hereunder, have caused this Note to be duly executed on the date first written
above.

 

	Solaris
    Power Cells, Inc., 	 	Pixel
    Mags, Inc.,
	a
    Nevada corporation 	 	a
    Delaware corporation
	 	 	 	 	 
	By:	/s/
    Roy Givens	 	By:	Michael
    Pope
	Name:	Roy
    Givens	 	Name:	Michael
    Pope
	Title:
    	Chief
    Technology Officer	 	Title:
    	President

 

    	3

    	 

    

 

Exhibit
A

 

NOTICE
OF ELECTION TO CONVERT

 

(To
be Signed Only Upon Conversion of Secured Note)

 

To
Solaris Power Cells, Inc. and Pixel Mags, Inc.:

 

The
undersigned, holder of the $[______________] Convertible Secured Promissory Note of Solaris Power Cells, Inc. and Pixel
Mags, Inc., due _______________ (the “Note”), hereby agrees to surrender the Note for conversion into
________________ shares of Common Stock of Solaris Power Cells, Inc., to the extent of ________________________
dollars ($____________) unpaid principal amount of the Note, and ________________________ dollars ($____________) unpaid
accrued interest under the Note and requests that the certificates for such shares be issued in the name of, and delivered
to, ________________________________________________, whose address is
_________________________________________________________. Conversion should be effected as of
___________________.

 

Dated:_______________________.

 

	 	 
	 	(signature
    must conform in all respects to name of holder as specified on the face of the Note)
	 	 
	 	Address:
	 	 
	 	 
	 	 
	 	 
	 	 

 

    	4

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