On January 11, 2018, in connection with the Consulting Services Agreement, VerifyMe, Inc. appointed Mr. James S. Cardwell as Chief Financial Officer (“CFO”), on a part-time basis. Under a one-year Consulting Agreement, Mr. Cardwell will receive a $1,000 signing bonus and will be compensated at an annual rate of $12,000, per year, payable in equal monthly amounts. Since July 2015, Mr. Cardwell has been the Chief Operating Officer of CFOS and has assisted companies with SEC financial reporting and tax compliance. From June 2011 to January 2015, Mr. Cardwell was CFO of S2BN Entertainment.