TokenWorks Inc.

Tokenworks Inc. was formed in 1998 as a Delaware corporation. The Company’s shares are privately held. The founders of Tokenworks have been involved in the Smart Card market since 1992 and have participated in a number of industry events and associations such as the Smart Card Forum, Smart Card Industry Association, Smart Card Alliance, CardTech/SecureTech and National Association of Campus Card Users. In all of our efforts, the following principles are paramount: Design in durability, quality, and value. Deliver value to our customers and shareholders. Do it once. Do it right. Keep it simple.