On June 6, 2017, VerifyMe, Inc. (the “Company”) entered into a Consulting Agreement with Mr. Patrick White, an experienced security technology executive. Upon the Company raising $1,500,000, Mr. White will enter into an Employment Agreement and become Chief Executive Officer. Pending that event, Mr. White is assisting the Company in connection with strategic initiatives. Under the Consulting Agreement, Mr. White is receiving a $10,000 per month fee which will accrue until the Company raises at least $500,000 and will receive a grant of 5 million stock options exercisable at $0.07 per share, of which 3 million are vested and the balance vest over two years.

About VerifyMe, Inc. (OTCMKTS:VRME)

VerifyMe, Inc., formerly LaserLock Technologies, Inc., operates in the anti-counterfeiting industry. The Company offers security solutions for identification and authentication of people, products and packaging in a range of applications in the security field for both digital and physical transactions. Its products are used to manage and issue secure credentials, including national identifications, passports, driver licenses and access control credentials, as well as authentication security software to secure physical and logical access to facilities, computer networks, Internet sites and mobile applications. Its digital technologies involve the utilization of multiple authentication mechanisms, some of which it owns and some of which it license. These mechanisms include biometric factors, knowledge factors, possession factors and location factors. The Company’s solutions allow the assessment and quantification of risk using a scoring mechanism.