Zerify Inc (ZRFY)

[tthutch]

INCORRECT DD, WRONG

"By the way, after attorney fees and costs, Strikeforce only got 3.4 million wich NOT ONE PENNY went to paying down the TOXIC DEBT.."


10Q 5/23/16

Page 5

Other Income:
Litigation Settlement 9,750,000
Fees related to litigation settlement 4,187,257

Total from Lit 5,562,743


Page 7

Extinguishment of derivative liability 635,620


Page 11

"At December 31, 2015, the balance of the unsecured convertible notes with adjustable conversion features was $824,861. During the interim period ended March 31, 2016, the Company repaid a total of $613,351 of unsecured convertible notes principal. In addition, note holders converted an aggregate of $143,123 of unsecured convertible note principal. At March 31, 2016, the balance of unsecured convertible notes with adjustable conversion features was $68,387 and pertains to one unsecured convertible note which was repaid in April 2016.