Item 1.01 Entry Into a Material Definitive Agreement.

Znergy, Inc. ( "Znergy" or the "Company") announced it has acquired all of the assets of Washington-based Quantum Energy, Inc. ("Quantum"). Quantum has a 47-year history in lighting sales and installations, specializing in LED conversions for business. The acquisition is expected to result in greater operational efficiencies and increase Znergy's nationwide market share, including the Pacific Northwest, and including Canada. Quantum has an extensive B2B book of business across many business segments, including Fortune 500 companies, municipalities, universities and Canadian companies.

Under the terms of the Definitive Agreement, dated April 2, 2021, Znergy will acquire the assets of Quantum without the issuance of new Znergy shares.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and assumptions. Our actual results could differ materially from those predicted or implied. Undue reliance should not be placed on the forward-looking statements in this Current Report on Form 8-K. We assume no obligation to update such statements.

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