Mr. Troy Wright reports

LENDIFIED ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS AND THE FILING OF ITS SUBSIDIARY'S AUDITED FINANCIAL STATEMENTS

Lendified Holdings Inc. (formerly Hampton Bay Capital Inc.) has appointed Guy Charette as an independent non-executive director of the company, effective immediately. Mr. Charette is a corporate finance lawyer with over 30 years of experience in the areas of securities, corporate finance as well as mergers and acquisitions in Toronto and Montreal. Although primarily involved in the resource sector, he has also been involved in other areas such as medical technologies, industrial companies as well as having acted for many underwriters on various types of securities offerings. His corporate finance activities have included projects in many parts of the world including Africa, Europe and South America. Mr. Charette has a particular expertise in developing innovative financial structures designed to match the needs of both issuers and investors.

In addition, Kevin Clark has resigned from the board of directors of the company. The board of directors thanks Mr. Clark for his service to Lendified and for his assistance in aiding the turnaround efforts of the company, and wishes him well in his future endeavours.

Also, further to the company's press releases of June 25, 2020, and July 3, 2020, Lendified has filed the audited annual financial statements of Lendified Privco Holding Corp. (Privco), a wholly owned subsidiary of the company acquired through the company's qualifying transaction announced on Dec. 24, 2019, for the period ended Dec. 31, 2019. The Privco annual statements as well as Privco's interim financial report for the period ended March 31, 2020, were required to be filed in connection with the qualifying transaction. The corporation expects to file the Privco interim report shortly. On Aug. 5, 2020, the corporation filed the interim financial report of the corporation for the period ended March 31, 2020, together with its related management discussion and analysis.

The Ontario Securities Commission issued a failure-to-file cease trade order on July 9, 2020, in respect of all of the securities of the corporation for failing to file certain continuous disclosure documents in a timely manner. The failure-to-file cease trade order remains in effect until revoked by the OSC.

About Lendified Holdings Inc.

Lendified, a company located in Ontario, Canada, is a Canadian financial technology company operating both a lending platform, which provides working capital loans to small businesses across Canada through a wholly owned subsidiary, as well as a software-as-a-service technology platform providing artificial-intelligence-enabled credit origination and analytics to financial institutions across Canada through another wholly owned subsidiary, JUDI.AI. The company announced its intention to sell JUDI.AI in its press release of July 7, 2020.

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