On July, 16, 2024, Legible Inc. closed the transaction. Jaret Wilson subscribed for 90 convertible debentures of a principal amount of CAD 630,000 convertible into 9,000,000 common shares of the company at a deemed price of CAD 0.07 per Common Share and 9,000,000 Common Share purchase warrants entitling the investor to acquire 9,000,00 Common Shares at CAD 0.08 per Common Share for a period of 2 years. Immediately prior to July 16, 2024, the investor held 2,083,333 Common Shares, 8,083,333 whole Common Share purchase warrants and debentures convertible into 6,000,000 Common Shares equal to 1.56% of the issued and outstanding Common Shares on an un-diluted basis and 10.96% of the outstanding Common Shares on a partially diluted basis.

After July 16, 2024, the investor has 2,083,333 Common Shares, 17,083,333 whole Common Share purchase warrants and debentures convertible into 15,000,000 Common Shares equal to 1.56% of the issued and outstanding Common Shares on an un-diluted basis and 20.65% of the outstanding Common Shares on a partially diluted basis. All securities issued in connection with the Offering are subject to a hold period that expires on November 17, 2024. There were no finders fees paid with respect to the closing of the Private Placement.