Harrison Vickers & Waterman has executed a term sheet for the rights for development and investment ownership of 20 MW Flemington New Jersey battery energy storage system, Financial terms of the transaction were not disclosed. HVW expects to execute the definitive agreement within 10 days. HVW has been advised, acknowledges and understands that there is presently a litigation pending and ongoing between the members of the BESS project. It is further acknowledged by and between the parties that MSS Capital, LLC and NJ Battery Energy Storage Project 2, LLC, majority owners collectively of the Flemington BESS project, owns Series C Preferred shares in HVW.