SETTLEMENT AGREEMENT
This Settlement Agreement, (the "Agreement") dated as of the 25th day of
February 2002 is entered into between Insynq, Inc. (the "Company"), One Click
Investments, LLC ("One Click").
WHEREAS, pursuant to a Registration Rights Agreement dated August 4, 2000,
One Click has been granted piggyback registration and one demand registration
for 200,000 shares of common stock and 200,000 warrants to purchase common stock
and;
WHEREAS, pursuant to a Registration Rights Agreement dated January 30,
2001, One Click has been granted piggyback registration rights and;
WHEREAS, the Company, pursuant to contemplated funding agreements (the
"Funding"), which shall require the Company to file an SB-2 Registration and;
WHEREAS, the Funding requires the Registration to be filed for the sole
purpose of the Funding and;
WHEREAS, One Click has agreed to waive registration rights previously
granted and;
WHEREAS, it is further agreed the warrants to purchase common stock dated
February 21, 2000 shall bear an exercise price of $0.05 per share with an
exercise period extending to December 31, 2004 with a cashless exercise
provision.
Accepted By One Click Investments.
/s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
Date: _________________________
Insynq Inc.
/s/ Xxxx X. Xxxxx
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Xxxx X. Xxxxx C.E.O.
Date. _________________________
