Common use of Acknowledgment of the Company Clause in Contracts

Acknowledgment of the Company. In connection with the Director Resignation, the Company hereby authorizes, ratifies, acknowledges and approves (i) that certain issuance of 25,000,000 shares of common stock of the Company to the Director as compensation in his capacity as a member of the Board as set forth in the Board Meeting Minutes dated February 27, 2019 (the “Compensation Shares”). Such Compensation Shares shall be delivered to the Director on or before June 30, 2019, and (ii) amounts due and owing to the Director totaling $35,000.00 for management services provided by the Director to the Company for the period commencing November 15, 2018 to April 30, 2019.

Acknowledgment of the Company. In connection with the Director Resignation, the The Company hereby authorizes, ratifies, acknowledges and approves (i) that certain issuance of 25,000,000 shares of common stock of the Company to the Director as compensation in his capacity as a member of the Board as set forth in the Board Meeting Minutes dated February 27, 2019 (the “Compensation Shares”). Such Compensation Shares shall be delivered to the Director on or before June 30, 2019, and (ii) amounts due and owing to the Director totaling $35,000.00 95,000.00 for management services provided by the Director to the Company for the period commencing November 15, 2018 to April 30, 2019.