1
Exhibit 2.3
PLAN OF REORGANIZATION
OF
ELECKTRYON
The plan of reorganization of Elecktryon, a Nevada corporation
("Transferor"), relating to the transaction contemplated by the Asset
Acquisition Agreement (the "Agreement") to be entered into, by and between
Electryon and Solo Energy Corporation (the "Acquiror") is as follows:
1. Electryon shall enter into the Agreement.
2. Electryon shall transfer its properties to Acquiror in
accordance with the terms of the Agreement.
3. Following the closing under the Agreement (the "Closing"),
Transferor shall not engage in business and shall proceed to
wind up its affairs as expeditiously as possible.
4. No later than five days prior to the first anniversary of the
Closing, Transferor shall transfer to one or more trusts that
qualify as liquidating trusts under Treasury Regulations
section 301.7701-4(d) all of Transferor's remaining assets,
including shares of Acquiror and warrants and other rights
with respect to shares of Acquiror.
Dated: April 16, 2001
