1.
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Vasquez hereby acknowledges that 366,340 shares of Common Stock of the Company, par value $0.001 per share (the “Shares”), will be issued to him in full payment and satisfaction of the outstanding payable of $146,536. Upon the issuance of the Shares, any and all obligations of the Company in connection with its obligation to Vasquez shall be extinguished.
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2.
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Zenosense, Inc. and Vasquez intend and agree that the fair market falue of the Shares be equal to $146,536.
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3.
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Vasquez acknowledges that he is a sophisticated investor and as an officer and director is able to assess the risk of investing in Zenosense, Inc., which is currently a “shell company” as defined in Rule 144. Vasquez further acknowledges that the Shares are being issued as restricted stock and therefore, will bear a standard Securities Act of 1933 legend. Vasquez understands that it may have to hold the stock for an indefinite period of time because of the restricted nature of the Shares.
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