Verus International Inc (VRUS)

[DewmBoom]

Incorrect and Misleading Information. Below is the latest information in that regard:

Mr. Bhatnagar’s eligibility under the 2017 Agreement to receive warrants to purchase up to 7.5 million Common Shares for each $1 million in revenue generated by the Company until such time as he owned 20% of the Company’s then issued and outstanding Common Shares was amended in the 2020 Employment Agreement to be consistent with the intentions of the Board and with the Company’s former management. On April 28, 2020, the Board approved the issuance of sufficient common stock purchase warrants (the “Warrants”) for Mr. Bhatnagar to own 20% of the Company’s Common Shares on a fully diluted basis with the issuance of Warrants to purchase 471,883,795 Common Shares at an exercise price of $0.006 per share.