Vaso Corporation

Issuer

VASO Corp

Security title

Common Stock

Principal address

Citizenship

The situs of the Trust is New York. Joshua Markowitz and Stacey Markowitz are each a United States citizen.

Principal occupation

The principal occupation of Joshua Markowitz is President of Kerns, the business address of which is 37-14 29th St, Long Island City, NY 11101. The principal occupation of Stacey Markowitz is a real estate owner/manager.

Filing person

This Schedule 13D is being filed by the Trustees and the Trusts (collectively, the "Reporting Person"). Except as described herein, no Reporting Person is a member of any group within the meaning of Section 13(d)(3) of the Exchange Act.

Criminal proceedings response

No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

Proceedings description

No Reporting Person has during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction resulting in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activity subject to, federal or state securities laws or finding any violations with respect to such laws.

Principal business address

The principal business address for the Trusts is 37-14 29th street Long Island City NY 11101. The principal business address for Joshua Markowitz is Kerns Manufacturing Corporation ("Kerns"), 37-14 29th St, Long Island City, NY 11101. The principal business address for Stacey Markowitz is 1834 Stuart Road West, Princeton, NJ 08540.

Source of funds

As of the date of this report, the Non Exempt Trust was the direct beneficial owner of 7,569,595 Shares and the Exempt Trust was the direct beneficial owner of 4,639,430 Shares. Joshua Markowitz is a co-trustee of the Trusts and as a result, shares voting and dispositive power over the Shares held by the Trusts. As such, he may be deemed to have indirect beneficial ownership of the Shares directly beneficially owned by the Trusts. The Shares in the Trusts were placed into trust, and the trustees appointed, by the estate of Judith Srybrnik. As of the date of this report, Kerns directly beneficially owns 25,714,286 Shares and Living Data Technology Corp. ("Living Data") owns 17,815,007 Shares. Mr. Markowitz is majority owner of both Kerns and Living Data. He is the President of Kerns. As such, he may be deemed to have indirect beneficial ownership of the securities held by those companies. Decisions with respect to the Shares held by Kerns Manufacturing Company and Living Data Technology Corp. are made by their respective boards of directors. As of the date of this report, Mr. Markowitz was the direct beneficial owner of 350,000 Shares and, as explained above, may be deemed to have indirect beneficial ownership of the securities directly beneficially owned by the Trusts due to his status as a co-trustee. Mr. Markowitz acquired 50,000 Shares using his own funds and an additional 300,000 Shares were granted to him as compensation by the Issuer for board service.

Purpose of transaction

The Reporting Person acquired the Shares for investment purposes.

Number of shares

For information regarding beneficial ownership of each Reporting Person, see items 7-11 of the cover page for each Reporting Person on this Schedule 13D.

Transactions

No Reporting Person has engaged in any transactions in the Issuer's securities in the past 60 days.

Other persons with an interest

Mr. Markowitz and his daughter, Jessica Markowitz, are beneficiaries of the Trusts and as such, they each have the power to receive dividends and the proceeds from the sale of such securities as determined by the Trustees, in their discretion.

Date ownership ceased to exceed 5%

Not applicable.

Percentage of class

For information regarding beneficial ownership of each Reporting Person, see items 7-11 of the cover page for each Reporting Person on this Schedule 13D. The voting and dispositive power reported on the cover pages reflect the respective direct and indirect ownership and control relationships described herein.

Contracts and arrangements

No Reporting Person has entered into any contracts, arrangements, understandings or relationships with respect to securities of the Issuer except as described herein.