Mr. David Lucatch reports

KABN NORTH AMERICA ANNOUNCES THAT ITS NON-BROKERED PRIVATE PLACEMENT FINANCING FOR UP TO $2.0 MILLION IS OVERSUBSCRIBED AND HAS BEEN UPSIZED TO $3 MILLION

KABN Systems NA Holdings Corp. has received subscription confirmations for over $2-million of units pursuant to the non-brokered financing announced on Dec. 10, 2020, which is expected to close prior to the unrelated, best efforts, brokered private placement of units, which the company previously announced on Dec. 7, 2020. To support the current demand, the company has upsized the non-brokered offering by an additional $1-million. This amount has already been fully committed, subject to the receipt of outstanding subscription documents and all necessary approvals.

The gross proceeds of these unrelated offerings together will now be up to $4.15-million. The units in each of the brokered offering and non-brokered offering are being offered at 15 cents per unit, with each unit comprising one common share of the company and one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at an exercise price of 20 cents per warrant share for a period of 24 months from the applicable closing.

The brokered offering is expected to close on or about Dec. 29, 2020, or on such earlier date as agreed upon between the company and agent, and the non-brokered offering is expected to close on or about Dec. 21, 2020, or on such earlier or later date as the company determines, and each is subject to certain conditions, including receipt of subscription agreements and payment of the subscription amounts by subscribers. The units to be issued will have a hold period of four months and one day from the applicable closing.

Also, Rav Mlait has resigned from the board of directors to further focus his efforts on his current commitments. The company thanks Mr. Mlait for all his support with the public-listing process earlier this year, and wishes him well in his current and future endeavours.

About KABN Systems NA Holdings Corp.

KABN Systems NA Holdings, through its wholly owned subsidiary, KABN Systems North America Inc., focuses on the verification, management and monetization of digital identity, empowering users to control and benefit from the use of their on-line identity. KABN NA's propriety technology suite includes four key products:

• Liquid Avatar allows users to create high-quality digital icons representing their on-line personas. These icons, in conjunction with KABN ID, allow users to manage and control their self-sovereign identity and to use liquid avatars to share verifiable credentials, including access, identity and designation credentials, and public and permission-based private data when they want and with whom they want.
• KABN ID is an always-on, biometric and blockchain-based digital-identity validation and verification platform, allowing users to continuously and confidently prove themselves throughout the on-line community.
• KABN Card is a Visa-approved prepaid card program, allowing users to manage both digital and fiat currencies, and earn cashback and other loyalty incentives.
• KABN KASH is a cashback, loyalty and engagement program that powers the KABN NA revenue ecosystem. KABN NA provides its products and services at no cost to consumers and generates revenues through permission-based partner programs.

We seek Safe Harbor.