Mr. Troy Wright reports

LENDIFIED ANNOUNCES COMMENCEMENT OF TRADING ON THE TSXV AND PROVIDES UPDATE ON CONTINUOUS DISCLOSURE FILINGS FOLLOWING TEMPORARY RELIEF BY THE CANADIAN SECURITIES REGULATORS

Lendified Holdings Inc. (formerly Hampton Bay Capital Inc.) anticipates trading in its common shares on the TSX Venture Exchange will commence on or about Monday, May 25, 2020, under the ticker symbol LHI, subject to final approval by the TSX-V.

The company provides further update that it will rely on the temporary blanket relief granted by the Ontario Securities Commission in connection with the COVID-19 pandemic in Ontario Instrument 51-102 -- Temporary Exemption from Certain Corporate Finance Requirements and Ontario Instrument 51-504 -- Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials, and similar exemptions provided by the other Canadian securities regulators due to logistics and delays caused by the COVID-19 pandemic.

The company is relying on the exemption provided in Ontario Instrument 51-502 (and similar exemptions provided by other Canadian securities regulators) in respect of the following requirements for the company and Lendified PrivCo Holding Corp. (formerly Lendified Holdings Inc.), a wholly owned subsidiary of the company acquired through the company's previously announced qualifying transaction:

• The requirement to file Lendified's audited annual financial statements for the year ended Dec. 31, 2019, on or before the later of 20 days after the date of the completion of the qualifying transaction and 120 days after the end of its financial year as required by National Instrument 51-102 -- Continuous Disclosure Obligations (NI 51-102);
• The requirement to file Lendified's interim financial statements for the three months ended March 31, 2020, on or before the later of 10 days after the date of the completion of the qualifying transaction and 60 days after the end of the interim period as required by NI 51-102;
• The requirement to file the company's interim financial statements for the three months ended March 31, 2020, within 60 days after the end of the interim period as required by NI 51-102;
• The requirement to file the company's management's discussion and analysis (MD&A) for the period covered by the interim financial statements within 60 days after the end of the interim period as required by NI 51-102;
• The requirement to file certifications of the interim financial statements pursuant to National Instrument 52-109 -- Certification of Disclosure in Issuers' Annual and Interim Filings.

The company expects to complete the Lendified annual financial statements on or before July 2, 2020. The company expects to complete the Lendified interim financial statements and interim filings on or before July 14, 2020. Until such time as the Lendified annual financial statements, Lendified interim financial statements and interim filings are filed, the company's management and other insiders are subject to a trading blackout that reflects the principles contained in Section 9 of National Policy 11-207 -- Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. The company confirms there have been no material business developments other than as disclosed herein, the company's press release dated April 30, 2020, and in the company's filing statement dated March 30, 2020.

The company is also relying on the exemption provided in Ontario Instrument 51-504 (and similar exemptions provided by other Canadian securities regulators) to postpone the public filing of its executive compensation disclosure required by National Instrument 51-102 until such time as it is filed and delivered to shareholders as part of the company's information circular relating to its annual meeting of shareholders and, in any event, shall file such executive compensation disclosure on or before Dec. 31, 2020.

We seek Safe Harbor.