Mr. John Gillberry reports

LENDIFIED ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Lendified Holdings Inc. (formerly Hampton Bay Capital Inc.) has completed the second and final tranche of its previously announced offering of units of the company consisting of 22.6 million units at a price of 2.5 cents per unit for aggregate gross proceeds of $565,000, bringing the total size of the offering to 31.4 million units for aggregate gross proceeds $785,000. Each unit comprises one common share in the capital of the company and one common share purchase warrant exercisable at five cents per share for a period of 36 months following the closing date of the offering.

The proceeds derived from the offering will be used for payment of certain expenses of the company, including employee payrolls, trade payables, general office and administration expenses, and professional fees.

In connection with the offering, the company paid an aggregate of $54,950 and issued 2,198,000 compensation options exercisable to acquire one unit at a price of five cents per unit for a period of 36 months following the closing date of the offering as finders' fees to certain persons who assisted the company with the offering.

All of the securities issuable in connection with the offering are subject to a hold period expiring four months and one day after the date of issuance in accordance with TSX Venture Exchange rules and Canadian securities laws. The offering is subject to the final approval of the TSX-V and to all regulatory approvals.

Subscriptions by certain parties who are related parties of the issuer accounted for $35,000 of the gross proceeds of the offering. The purchase of securities in the offering by such parties is a related party transaction pursuant to Multilateral Instrument 61-101 -- Protection of Minority Holders in Special Transactions (MI 61-101), and is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemptions contained in sections 5.5(b) and 5.7(1)(b) of MI 61-101.

About Lendified Holdings Inc.

Lendified, a company located in Ontario, Canada, is a Canadian fintech company operating a lending platform which provides working capital loans to small businesses across Canada through a wholly owned subsidiary.

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