Document:

Termination Letter

Termination Letter

 

This termination letter dated this 21* day of February 2022 officially terminates the acquisition of shares of Zyppah, Inc owned by Jonathan Greenburg (the “Shareholder”) that were pending acquisition by Kronos Advanced Technologies Inc (the “Issuer”) which hereby also cancels the following shares and requires the return to the Issuer’s treasury of 90,000,000 (ninety Million) shares of the Common Stock issued as follows: two stock certificate of 45,000,000 each issued as of 09-30-2021 (the “Shares”) issued to, but not yet delivered to, Jonathan Greenburg.

 

Jonathan Greenburg as a result of the above will not transfer or delver shares of Zyppah, Inc to Kronos Advanced Technologies, Inc. and Kronos is no longer entitled to ownership of said Zyppah, Inc. shares.

 

The Shareholder is the sole holder of record of the Kronos Shares, but never became the beneficial owner of those Shares, which are free and clear of all Liens, and there exists no restriction on the transfer of the Shares back to the Company. Upon execution hereof, Stockholder herby delivers and relinquishes to the Company good and marketable title to the Shares free and clear of all Liens.

 

Let this letter serve as authorization to Worldwide Stock Transfer, Inc. (the “Transfer Agent”), to cancel and return to the authorized capital the above referenced Kronos shares upon execution hereof. The Company (Kronos) shall deliver to the Transfer Agent the certificates representing the Shares for cancellation, duly executed for cancellation and accompanied with or without stock powers duly executed.

 

  

/s/ Jonathan Greenburg

Jonathan Greenburg

Shareholder of record of KNOS

 

/s/ Michael Rubinov

Michael Rubinov

President, Kronos Advanced Technologies, Inc.AGREEMENT OF CONVEYANCE, TRANSFER, ASSIGNMENT OF ASSET, ASSUMPTION OF OBLIGATIONS AND SPIN OFF

AGREEMENT OF CONVEYANCE, TRANSFER,

ASSIGNMENT OF ASSET, ASSUMPTION OF OBLIGATIONS AND SPIN OFF

 

This Agreement of Conveyance, Transfer and Assignment of Asset, Assumption of Obligations and Spin off (“Transfer and Assumption Agreement”) is made as of April 2, 2021, by Kronos Advanced Technologies, Inc., a Nevada corporation (“Assignor”) and DogeSPAC, LLC., a Puerto Rico Limited Liability Company (“Assignee”), collectively, (“The Parties.”)

 

WHEREAS, Assignor has been engaged in the business of developing air purifiers (the “Business”); and

 

WHEREAS, Assignor desires to convey, transfer and assign to Assignee, and Assignee desires to acquire from Assignor, 600,000,000 Dogecoin Cash tokens (COIN:DOG) currently owned by Assignor, and in connection therewith, Assignee has agreed to assume all of the liabilities of Assignor, if any, relating to said tokens, on the terms and conditions set forth herein.

 

WHEREAS, Assignor wishes to dispose of the above asset, in order to focus on its core business, after transferring said asset to a subsidiary and subsequently spinning off that subsidiary to Assignor’s shareholders.

 

NOW THEREFORE, in consideration of the mutual promises and agreements contained herein, the parties hereto, intending to be legally bound hereby, agree as follows:

 

ARTICLE 1.

ASSIGNMENT

 

1.1 

 

Assignment of Assets. For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged by Assignor, which includes 100% ownership in DogeSPAC, LLC, Assignor does hereby assign, grant, bargain, sell, convey, transfer and deliver to Assignee, and its successors and assigns, all of Assignor’s right, title and interest in, to and under the asset, Dogecoin Cash, of every kind and description, wherever located, tangible or intangible, owned, held or used in the conduct of the Business (the “Asset”), including, but not limited to, the

asset witnessed on Etherscan via wallet Oxdee89f902e62b2a5 90dd9bc6e928e9326756c03d at

https://etherscan.io/token/Oxb9 1 b9ae0c65c7b3f066f5e92db0 S6af2decfa92?7a=0xdee89f902e62b2a590dd9bc6e928e

9326756c03d;

 

1.2 

 

Further Assurances. Assignor shall from time to time after the date hereof at the request of Assignee and without further consideration execute and deliver to Assignee such additional instruments of transfer and assignment, including without limitation any bills of sale, assignments of leases, deeds, and other recordable instruments of assignment, transfer and conveyance, in addition to this Transfer and Assumption Agreement, as Assignee shall

reasonably request to evidence more fully the assignment by Assignor to Assignee of the Assets.

 

ARTICLE 2.

ASSUMPTION AND SPIN OFF

 

2.1

 

Assumed Liabilities. While the tokens described above are debt free, as of the date hereof, Assignee hereby assumes and agrees to pay, perform and discharge, fully and completely, (i) all liabilities, commitments, contracts, agreements, obligations or other claims against Assignor, whether known or unknown, asserted or unasserted, accrued or unaccrued, absolute or contingent, liquidated or unliquidated, due or to become due, and whether contractual, statutory, or otherwise associated with the tokens (the “Liabilities”), including, but not limited to, any

liabilities associated with Assignor spinning of units of DogeSPAC, LLC to Assignor’s shareholders.

 

2.2

 

Further Assurances. Assignee shall from time to time after the date hereof at the request of Assignor and without further consideration execute and deliver to Assignor such additional instruments of assumption in addition to this Transfer and Assumption Agreement as Assignor shall reasonably request to evidence more fully the assumption by Assignee of the Liabilities, if any, including but not limited to, assistance in the spin-off of Units issued by Assignee

to Assignor for further distribution to Assignor’s shareholders. The above Units shall be spun off as restricted securities. Upon spin off, Assignor will have fulfilled its obligations under this agreement and neither party will own an interest in the other party.

 

2.3

 

Headings. The descriptive headings contained in this Transfer and Assumption Agreement are for convenience of reference only and shall not affect in any way the meaning or interpretation of this Transfer and Assumption Agreement.

 

2.4

 

Governing Law. This Transfer and Assumption Agreement shall be governed by and construed in accordance with the laws of the State of Nevada applicable to contracts made and to be performed entirely within that state, except that any conveyances made herein shall be governed by the laws of the respective jurisdictions in which such property is located.

 

IN WITNESS WHEREOF, this Transfer and Assumption Agreement has been duly executed and delivered by the parties hereto as of the date first above written.

ASSIGNOR

 

KRONOS ADVANCED TECHNOLOGIES, INC.

 

  

 

By /s/ Michael Rubinov

 

Michael Rubinov, President

 

 

 

ASSIGNEE

 

DogeSPAC, LLC.

 

 

 

By /s/ Michael Rubinov

 

Michael Rubinov, ManagerWRITTEN CONSENT OF THE BOARD OF DIRECTORS REGARDING ACTIONS TAKEN WITHOUT A MEETING

KRONOS ADVANCED TECHNOLOGIES, INC.

 

WRITTEN CONSENT OF THE BOARD OF DIRECTORS

REGARDING ACTIONS TAKEN WITHOUT A MEETING

 

The undersigned, being majority members of the Board of Directors (the “Board”) of KRONOS

Advanced Technologies Inc., a Nevada corporation (the “Corporation” or "KNOS”), acting

pursuant to the authority given to the board by Nevada Code Annotated, as amended, does

hereby waive all notice of the time, place and purpose of a meeting and hereby consents and

agrees to the adoption of the following resolutions, with the same force and effect as if made at a

duly convened and held meeting of the Board.

 

WHEREAS the officers of the Corporation serve at the pleasure of the Board; and

 

WHEREAS it will benefit the Corporation’s shareholders by spinning off DogeSPAC LLC pro

rata to all shareholders; and

 

WHEREAS Spin off will help the Corporation to focus on its core business; and

 

THEREFORE, BE IT RESOLVED that the Corporation spin off 100% of Doge SPAC, LLC to

its shareholders pro rata so that | restricted share of DogeSPAC will be issued and paid to all

shareholders for each 1 share of KNOS held on June 22, 2021 based on a record date of June 15

2021.

 

THEREFORE, BE IT RESOLVED that DogeSPAC will act as its own transfer agent initially in

order to conserve funds and distribute the shares to the Knos shareholders based on list of

shareholders as of close of business on June 15 2021.

 

IN WITNESS WHEREOF, the undersigned certifies that the majority has consented to this

resolution and has through its Secretary executed this written consent as of the 25th day of May,

2021.

 

  

/s/ Michael Rubinov

  

 

President, Secretary, Director

 

Date: May 25, 2021WRITTEN ACTION IN LIEU OF MEETING OF MEMBERS OF DOGESPAC LLC

WRITTEN ACTION IN LIEU OF MEETING

OF MEMBERS

OF

DOGESPAC LLC

 

The undersigned, being all the members of DOGESPAC LLC, a Puerto Rico limited liability company (the “Company”), acting pursuant to the provisions of Puerto Rico Statutes, do hereby adopt the following resolutions, effective as of April 2 2021:

 

Acknowledgment of Filing of Articles of Organization

 

RESOLVED, that the members hereby accept, acknowledge and ratify the Articles of Organization of DOGESPAC LLC as filed with the Secretary of State of Puerto Rico on March 22, 2021, and that a Certificate of Organization has been issued to the Company.

 

Payment of Organization Expenses

 

RESOLVED, that ail fees, costs and other expenses incurred in effecting the organization of the Company and the commencement of its business operations be and the same are hereby ordered to be paid as promptly as possible and/or reimbursement paid to the Organizer upon evidence of payment.

 

Adoption of Operating Agreement

 

RESOLVED, that the Operating Agreement in the proposed form prepared by counsel for the Company and submitted to the members be and it hereby is ratified and approved by the Company.

 

Issuance of Membership Interests

 

WHEREAS, Kronos Advanced Technologies, inc (KNOS) has indicated its willingness to acquire and hold 100% of the membership interests of the Company in lieu of 20% founding membership interests, all such membership interests having full governance (voting) rights and financial rights, as further described in and governed by the Operating Agreement.

 

NOW, THEREFORE, BE IT RESOLVED, that such subscription be and it hereby is accepted; and upon payment of the initial capital contribution of 600,000,000 Dogecoin Cash (COIN:DOG) by Kronos Advanced Technologies, Inc., the Company shall, and its managers or members be and they hereby are authorized and directed to, issue to Kronos Advanced Technologies, Inc., 100% of the membership interests which shall be equal in units to the amount of shares of KNOS issued and outstanding on a record date to be set by KNOS and evidence such ownership to be recorded in the records of the Company.

 

Company Seal

 

RESOLVED, that the Company shall have no company seal.

 

Election of Managing Member

 

RESOLVED, that the following member’s CEO is hereby elected to the offices set forth opposite his name, to serve until the next election and until his successors shall have been duly elected and qualified:

 

Michael Rubinov as Managing Member (which may alternately be designated as Chief Manager), Treasurer (and/or, alternately, Secretary).

 

Fiscal Year

 

RESOLVED, that the fiscal year of the Company shall be the calendar year.

 

Cooperation to be Spun-off from KNOS

 

RESOLVED, that the Managing Member of the Company, whom is concomitantly the CEO of KNOS, shall cooperate in KNOS spinning off to all of its shareholders, pro rata, 1 Unit of the Company for each share held in KNOS on a record date of June 15, 2021. DogeSpac LLC will act as its own transfer agent in this matter and all certificates and book entry of said Units will be restricted from transfer to third parties until such time as they are registered with the US SEC and/or an exemption from registration is opined by the Company's or Unit holders legal counsel.

 

Adoption of Banking Resolutions

 

RESOLVED, that the Managing Member of the Company shall designate a bank as a depository for the funds of the Company and that the Managing Member and Treasurer of the Company shall be authorized to make deposits therein and withdraw funds therefrom, and make loans, either secured or unsecured from such bank.

 

/s/ Michael Rubinov

 

CEO of Kronos Advanced Technologies, Inc.,

 

Manager on behalf of sole Member of DogeSpac LLC

 

Being all the Members of DOGESPAC LLC

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