SOLESENCE, INC. — Director's Dealing 2021

May 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NANOPHASE TECHNOLOGIES Corp (NANX)
CIK: 0000883107
Period of Report: 2021-05-07

Reporting Person: WHITMORE BRADFORD T (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-07	Common Stock	C	10095555	$0.2	Acquired	29625290	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-07	2% Second Secured Convertible Note	$0.2	C	2019111	Disposed		Common Stock (10095555)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	601410	Indirect
Common Stock	51454	Indirect

Footnotes

F1: Pursuant to the terms of the 2% Second Secured Convertible Note (the "Convertible Note"), the reporting person acquired: (i) 10,000,000 shares of Common Stock upon conversion of $2,000,000 in principal amount of the Convertible Note; and (ii) 95,555 shares of Common Stock upon the conversion of $19,111.11 of outstanding accrued and unpaid interest on the Convertible Note through May 7, 2021, the conversion exercise date.

F2: The principal and outstanding accrued and unpaid interest on the Convertible Note converted at a price of $.20 per share.

F3: As manager of INV-GP, LLC, Grace Investments, LP's General Partner, Bradford T. Whitmore is an indirect beneficial owner of 601,410 shares of Common Stock.

F4: Pursuant to the terms of the Convertible Note, conversion may be undertaken prior to the Convertible Note's maturity date. The reporting person elected to exercise his conversion right in full on May 7, 2021.

F5: The Convertible Note had a maturity date of May 15, 2024.