Mr. Alen Silverrstieen reports

IMAGINEAR CLOSES SECOND TRANCHE OF CONVERTIBLE NOTE FINANCING

Further to the news releases dated Aug. 30, 2024, and Sept. 10, 2024, ImagineAR Inc. has closed the second tranche of a convertible note financing in the amount of $385,000. The total amount received for the first tranche and second tranche equals $510,000. Proceeds raised will be used to support the company's major initiatives: location-based entertainment, artificial intelligence integration with augmented reality, and patent enforcement and licensing.

The convertible notes and interest are convertible at any time by the holder or upon the automatic conversion into units at five cents per unit. Each unit consists of one common share and one warrant exercisable into one common share at seven cents for three years from the date the convertible notes are issued.

No finders' fees or commissions will be paid.

All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

About ImagineAR Inc.

ImagineAR has developed an augmented-reality-as-a-service platform that enables sports teams and organizations of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds using ImagineAR. Customers simply point their mobile device at logos, signs, buildings, products, landmarks and more to instantly engage with videos, information, advertisements, coupons, 3-D holograms and any interactive content, all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real time. The ImagineAR mobile app is available in the iOS and Android mobile app stores. The platform is available as a native mode SDK.

We seek Safe Harbor.