RE: Consulting Agreement, dated July 1, 2015, between Aegis Identity Software, Inc. and Newport Capital Bancorp LLC (“Agreement”)
Exhibit 10.20
November 2, 2015
Newport Capital Bancorp LLC
Attn: Mr. Xxxx Xxxxxxx
00000 Xxx Xxxxxxx Xxxx., #000
Xxx Xxxxxxx, XX 00000
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RE:
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Consulting Agreement, dated July 1, 2015, between Aegis Identity Software, Inc. and Newport Capital Bancorp LLC (“Agreement”)
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Dear Xx. Xxxxxxx,
This letter memorializes the intention of Aegis Identity Software, Inc. and Newport Capital Bancorp LLC with respect to the equity compensation set forth in Section 8 of the Agreement. The parties agree the number of shares and the exercise price of the warrant were based on post reverse stock split calculations. Thus, the parties acknowledge that the warrants provided for in the Agreement were intended to reflect the reverse stock split.
If Newport Capital Bancorp is in agreement, please return a signed copy of this letter to Aegis Identity.
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/s/ Xxxxx Xxxxxx by Xxxxxx Xxxxxx
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Xxxxx Xxxxxx
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Executive Chairman
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ACKNOWLEDGED & AGREED:
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NEWPORT CAPITAL BANCORP LLC
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/s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx
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Chairman
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