Light AI Inc. — Audit Report / Information 2024

Dec 17, 2024

SHIM

SHIM & Associates LLP

Chartered Professional Accountants

Suite 900 – 777 Hornby Street

Vancouver, B.C. V6Z 1S4

T: 604 559 3511 | F: 604 559 3501

17 December 2024

To: Alberta Securities Commission
British Columbia Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
The Manitoba Securities Commission
Ontario Securities Commission
Nova Scotia Securities Commission
New Brunswick Securities Commission
Prince Edward Island Securities Office
Securities Commission of Newfoundland and Labrador
Superintendent of Securities, Government of Nunavut
Superintendent of Securities, Office of the Yukon Superintendent of Securities
Financial and Consumer Services Commission, Government of the Northwest Territories

RE: Light AI Inc. (formerly known as Mojave Brands Inc., the "Company")

We refer to the final long form prospectus of the Company dated 17 December 2024 relating to the distribution and sale of a minimum of 18,181,818 units at a price of $0.55 per unit for minimum gross proceeds of $10,000,000 and a maximum of 29,248,000 units for maximum gross proceeds of $16,086,400 (the "Prospectus").

We consent to being named and to the use in the Prospectus of our report dated 29 April 2024 to the shareholders of a private British Columbia corporation formerly known as Light AI Inc. on the following financial statements:

• Statement of financial position as at 31 December 2023; and
• Statements of loss and comprehensive loss, changes in shareholders' deficiency and cash flows for the year then ended, and notes to the financial statements, including material accounting policy information.

We also consent to being named and to the use in the Prospectus of our report dated 25 November 2024 to the shareholders of LAI SPV Corp. on the following financial statements:

• Statement of financial position as at 30 September 2024; and
• Statements of loss and comprehensive loss, changes in shareholders' equity and cash flows for the period from the date of incorporation on 28 December 2023 to 30 September 2024, and notes to the financial statements, including material accounting policy information.

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SHIM & Associates LLP
Chartered Professional Accountants

We report that we have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained therein that are derived from these financial statements upon which we have reported or that are within our knowledge as a result of our audits of these financial statements. We have complied with the Canadian generally accepted standards for an auditor's consent to the use of a report of the auditor included in an offering document, which does not constitute an audit or review of the Prospectus as these terms are described in the CPA Canada Handbook – Assurance.

Yours truly,

“SHIM & Associates LLP”

Chartered Professional Accountants
Vancouver, British Columbia

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