Lendified Holdings Inc. announced that it has entered into a common share subscription Agreement with a third-party investor in the company to issue and sell up to CAD 10,000,000 of common shares in the capital of the company on August 17, 2022. The subscription should not exceed such number of common shares that would cause the investor to hold over 9.99% of the issued and outstanding common shares, from treasury to the investor, from time to time, in a series of closings at the company's discretion and on the terms and subject to the conditions set out in the subscription agreement. The aggregate draw amount in any given calendar month shall be a minimum of CAD 10,000 and a maximum of CAD 150,000, subject to increase by agreement between the parties, and provided that the draw amount will not result in the investor becoming an insider under the policies of the TSX Venture Exchange.

There is no agent or underwriter involved with the issuance of the Common Shares, and no party is receiving a commission or finder's fee in connection with the Subscription Agreement.