On December 20, 2011, Zentric, Inc. entered
into a subscription agreement to issue 11,000,000 common shares for $220,000 cash investment into the Company. On January 13, 2012,
the transaction was completed and the shares were issued to bring the total outstanding shares to 110,575,827.
On January 9, 2012 the Board of Directors of
Zentric, Inc. (the Company) filed a Certificate of Amendment to the Articles of Incorporation with the Secretary
of State of Nevada increasing the authorized number of common shares to 500,000,000.
On March 20, 2012, Zentric (HK) Limited, a
wholly owned subsidiary of Zentric, Inc. entered into an EPC agreement with Matinee Energy, Inc. for construction by Zentric, Inc.
of the solar power plants for 20MWdcp (U$72M) in Benson, Arizona, as part of the aggregated 120 MWdcp of plants. This agreement
has since been cancelled.