Immutable Holdings Inc. — Regulatory Filings 2021

Nov 16, 2021

FORM 52-109F2 – IPO/RTO CERTIFICATION OF INTERIM FILINGS FOLLOWING

AN INITIAL PUBLIC OFFERING, REVERSE TAKEOVER OR BECOMING A NON-VENTURE ISSUER

I, Jordan Fried , President & Chief Executive Officer of Immutable Holdings Inc. (formerly, Bexar Ventures Inc.) certify the following:

1. Review: I have reviewed the interim financial report and interim MD&A (together, the “interim filings”) of Immutable Holdings Inc. (formerly, Bexar Ventures Inc.) (the “issuer”) for the interim period ended September 30, 2021 .

2. No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings.

3. Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial report together with the other financial information included in the interim filings fairly present in all material respects the financial condition, financial performance and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

Date: November 15, 2021

“ Jordan Fried ”

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Jordan Fried

President & Chief Executive Officer

Jordan FriedPresident & Chief Executive Officer
	NOTE TO READER
In contrast to the usual certificate required for non-venture issuers under National Instrument 52-109 Certification of
Disclosure in Issuers’ Annual and Interim Filings (NI 52-109), namely, Form 52-109F2, this Form 52-109F2 – IPO/RTO does not
include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and
internal control over financial reporting (ICFR), as defined in NI 52-109. In particular, the certifying officers filing this certificate
are not making any representations relating to the establishment and maintenance of
i.controls and other procedures designed to provide reasonable assurance that information required to be disclosed
by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is
recorded, processed, summarized and reported within the time periods specified in securities legislation; and
ii.a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with the issuer’s GAAP.
The issuer’s certifying officers are responsible for ensuring that processes are in place to provide them with sufficient
knowledge to support the representations they are making in this certificate. Investors should be aware that inherent
limitations on the ability of certifying officers of an issuer to design and implement on a cost effective basis DC&P and ICFR as
defined in NI 52-109 in the first financial period following
completion of the issuer’s initial public offering in the circumstances described in s. 5.3 of NI 52-109;
completion of a reverse takeover in the circumstances described in s. 5.4 of NI 52-109; or
the issuer becominga non-venture issuer in the circumstances described in s. 5.5 of NI 52-109;

Jordan FriedPresident & Chief Executive Officer
	NOTE TO READER
In contrast to the usual certificate required for non-venture issuers under National Instrument 52-109 Certification of
Disclosure in Issuers’ Annual and Interim Filings (NI 52-109), namely, Form 52-109F2, this Form 52-109F2 – IPO/RTO does not
include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and
internal control over financial reporting (ICFR), as defined in NI 52-109. In particular, the certifying officers filing this certificate
are not making any representations relating to the establishment and maintenance of
i.controls and other procedures designed to provide reasonable assurance that information required to be disclosed
by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is
recorded, processed, summarized and reported within the time periods specified in securities legislation; and
ii.a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with the issuer’s GAAP.
The issuer’s certifying officers are responsible for ensuring that processes are in place to provide them with sufficient
knowledge to support the representations they are making in this certificate. Investors should be aware that inherent
limitations on the ability of certifying officers of an issuer to design and implement on a cost effective basis DC&P and ICFR as
defined in NI 52-109 in the first financial period following
completion of the issuer’s initial public offering in the circumstances described in s. 5.3 of NI 52-109;
completion of a reverse takeover in the circumstances described in s. 5.4 of NI 52-109; or
the issuer becominga non-venture issuer in the circumstances described in s. 5.5 of NI 52-109;