forwarded with permission -

From: "Stefan Brands" <brands@xs4all.nl> To: <gbroiles@parrhesia.com> Subject: RE: Preliminary thoughts on Zero Knowledge's planned public offering Date: Thu, 6 Jun 2002 03:55:36 -0400

Hello Greg,

...

From: Greg Broiles <gbroiles@parrhesia.com> ...I get the impression that even though Stefan Brands has left ZKS, they've retained an option to purchase one or more of his patents, that option expiring in August.

It expired August of 2001; ZKS has no rights left to my technology. I started a new company with several other people, Credentica, to pursue commercialization of my technology.

...

... Anyone want to bet the unnamed individual with the disputed settlement is Brands?

In fact, it is not. ZKS and I had an amicable split, things simply did not work out the way we had both hoped and when August came we had several talks and decided a friendly split was the best thing for both. ZKS in fact even referred a couple of interested business parties to me after I had gone my own way.

Regards, Stefan Brands

-- Greg Broiles -- gbroiles@parrhesia.com -- PGP 0x26E4488c or 0x94245961