Mr. Thomas Braun reports

VERISANTE TECHNOLOGY, INC. PRIVATE PLACEMENT TERMS AMENDED

The Verisante Technology Inc. brokered private placement announced on Feb. 27, 2013, through agent Raymond James has been amended and shall be closed shortly with existing subscribers.

The terms of the offering were amended to change the unit price to 40 cents, where each unit will comprise one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 60 cents per share with an expiry date of 24 months from the closing of the offering.

The warrants shall have two call provisions, whereby in the event the volume-weighted average price of Verisante's common shares is equal to or greater than 90 cents for 10 consecutive trading days, the company will have the right to accelerate the expiry date of 50 per cent of the total warrants issued under the offering to a date that is 30 days after Verisante issues a news release announcing that it has elected to exercise this acceleration right. Under the second call provision, in the event the volume-weighted average price of Verisante's common shares is equal to or greater than $1.15 for 10 consecutive trading days, the company will have the right to accelerate the expiry date of remaining 50 per cent of the total warrants issued under the offering to a date that is 30 days after Verisante issues a news release announcing that it has elected to exercise this acceleration right.

The private placement of up to 2.5 million units at 40 cents per unit is subject to the approval of the TSX Venture Exchange. The common shares to be issued in connection with the offering will be subject to a four-month statutory hold period.

The net proceeds of the private placement will be used to finance the company's manufacturing of Aura, pursue additional regulatory approvals of Aura in the United States and other regions, and support sales and marketing initiatives, and for working capital requirements. Commissions may be paid in connection with the private placement consisting of up to 10 per cent of the gross proceeds of the offering and broker warrants entitling the holder thereof to acquire shares in an amount equal to up to 10 per cent of the number of shares sold by the broker, which broker warrants shall have the same terms as the warrants. Finder's fees may be paid in connection with the private placement in accordance with TSX-V policy.

We seek Safe Harbor.