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Subsequent Events
12 Months Ended
Mar. 31, 2012
Subsequent Events  
Subsequent Events

10. Other Significant events

 

 

On April 9 2011, the Company signed an agreement with Photonix of Pune, India. P2 and Photonix have agreed to work together for the development of solar PV power projects in India. P2 will also provide EPC services on an as-needed basis to Photonix clients.

On June 13, 2011, the Company has signed an agreement with Marketingworks, Inc.(MKWS) of Los Angeles, California. MKWS will assist the Company with its marketing efforts through online social media for the Company for next 12 months. 1,500,000 restricted common shares were paid to MKWS for their services.

On June 15, 2011, the Company has signed an agreement with MUNC media, Inc. (MUNC) to assist the Company with its marketing efforts through various means for the next 12 months. MUNC will be paid $3,500.00 per month paid quarterly.

On July 20, 2011, the company signed another option agreement to acquire a 14.35 MW solar project in Bulgaria that is ready for construction. The company has abandoned this project due to legal issues that arose during the due diligence process.

On December 31, 2011, the company has written off all debit owed by Photo Violation Technologies including Interest owed to P2 Solar.

Feb 2012, company signed a settlement agreement with Photo Violation Technologies by which all law suits were dropped by both sides.

 

11. Subsequent Events

 

On June 15, 2012 further 384,454 warrants exercisable at $0.42 have expired.