SmartMetric, Inc. ("SmartMetric" or the "Company") was incorporated pursuant to
the laws of Nevada on December 18, 2002. SmartMetric is a development stage
company engaged in the technology industry. SmartMetric has an issued patent
covering technology that involves connection to networks using data cards (smart
cards and EMV cards). SmartMetric's main products are a fingerprint sensor
activated payments card and security card with a finger sensor and fully
functional fingerprint reader embedded inside the card. The cards with have a
rechargeable battery allowing for portable biometric identification and card
activation. This card is referred to as a biometric card or the SmartMetric
On September 14, 2004, C. Hendrick received a United States patent, U.S. Patent
No. 6,792,464 (the "'464 Patent") with regard to the use of the biometric card.
C Hendrick transferred the `464 Patent, to Applied Cryptography, Inc., a Nevada
corporation, owned by C.