Traack Technologies Inc (TRAA)

[againstallodds]

Greggy go some solid money out of JanOne...

3.AGREEMENTS. RELEASES AND PROMISES
F. Settlement Amount. JanOne shall tender to Sullivan, on behalf of itself, T. Isaac, and GeoTraq, the aggregate of One Million
Nine Hundred Fifty Thousand Dollars (US$1,950,000.00) (the “Settlement Amount”), as calculated hereinbelow and as allocated
between JanOne and T. Isaac in their sole and absolute discretion. The Settlement Amount shall be accomplished in the following
manner:

1.Initial Payment.
On the Effective Date, JanOne shall tender to Sullivan, through his counsel, Two Hundred Fifty Thousand
Dollars (US$250,000.00) in cash (the “Initial Payment”).

2.Quarterly Payment.
On or before June 1, 2021, and on or before three months from and after June 1, 2021, for a total of up
to ten (10) payments, JanOne shall tender to Sullivan, through his counsel, a minimum of One Hundred Seventy Thousand
Dollars (US$170,000.00), in cash or deliver shares of Equivalent Stock (the “Quarterly Payments”). Equivalent Stock is
defined as shares of JanOne common stock (NASDAQ: JAN), which shares (i) shall not constitute “restricted securities” (as
that term is defined in §230.144(a)(3) of the General Rules and Regulations under the Securities Act of 1933, as amended, as
promulgated by the Securities and Exchange Commission) and (ii) on the Quarterly Payment Date (or the date on which the
Plaintiffs elect to make a Prepayment (as defined in Paragraph 3(A)(3), below, as memorialized by a written notice thereof
(each, a “Prepayment Notice”) shall have an aggregate value of US$170,000.00, based upon [***].