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Actionable news in ASTI: Ascent Solar Technologies, Inc.,

Entry Into a Material Definitive

Amendment to Agreement to Retire Outstanding Senior Secured Convertible Notes.

As previously disclosed, on September 4, 2015, Ascent Solar Technologies, Inc. (the Company) entered into a Cancellation and Waiver Agreement (the Cancellation Agreement), between the Company and an institutional investor (the Holder). Pursuant to the Cancellation Agreement, the Company had agreed to retire all $21.2 aggregate principal amount of its currently outstanding Senior Secured Convertible Notes (the Outstanding Notes).

Pursuant to the terms of the Cancellation Agreement, on September 4, 2015 the Company retired approximately $14.9 million aggregate principal amount of Outstanding Notes in exchange for a payment of approximately $18.8 million. A $6.3 million portion of Outstanding Notes current ly remains outstanding.

Pursuant to the terms of the Cancellation Agreement, the Company was scheduled to make a payment of approximately (i) $2.4 million on October 19, 2015 in order to retire an additional $2.4 million aggregate principal amount of currently Outstanding Notes, and (ii) $3.9 million on December 4, 2015 in order to retire the remaining $3.9 million aggregate principal amount of currently Outstanding Notes.

On October 8, 2015, the parties entered into Amendment No. 1 (the Amendment) to the Cancellation Agreement. The Amendment provides that:

The Company will not make the October 19 payment to retire the $2.4 million portion of the Outstanding Notes.

The December 4 payment has been modified...


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