Jaguar Health Inc (JAGX)

[TJG]

Hey stupid, those shares are not the same shares that were in the 8-K filed on March 1st... they are two separate transactions... go back and look at the first 8_k and see what the total is for that one vs the total for this one... You may have to have your mom or teacher read it to you it seems.

Here so you dont fry your tiny brain looking for it from Page 3 of the March 1 8-K notice it say locked up on the warrant exchange the 8-K from Friday was not for warrants... and it involved multiple investors not just Fife.. Here is the tricky part for you, the March 1 8-K is for a transaction that took place in 2021... The March 8th -K is for a transaction that took place in 2019... and the March 8 clearly states that this 10 million shares is for 40 shares of Series J shares... go back and look at the March 1st 8-K you will see that agreement is for different shares... The company had more then one deal with Fife

On February 27, 2024, each of the PIPE Investors entered into an exchange agreement with the Company (each, a “PIPE Warrant Exchange Agreement”
and collectively, the “PIPE Warrant Exchange Agreements”). Pursuant to the PIPE Warrant Exchange Agreements, the Company agreed to exchange the
PIPE Warrants for shares of Common Stock at an exchange ratio of 1-for-2.5 (the “PIPE Warrant Exchange Transaction”). Upon completion of the PIPE
Warrant Exchange Transaction, (i) the Company exchanged the PIPE Warrants to purchase up to 7,535,000 shares of Common Stock for 18,837,500 shares
of Common Stock (the “PIPE Exchange Shares”), and (ii) the PIPE Warrants were terminated.
Pursuant to the PIPE Warrant Exchange Agreements, the PIPE Investors agreed that, with certain exceptions, the PIPE Exchange Shares would be subject
to a twelve-month lock-up, and any other equity security of the Company (other than the PIPE Exchange Shares) owned by the PIPE Investors as of the
date of the PIPE Warrant Exchange Agreement would be subject to a six-month lock-up.
The foregoing summary of the PIPE Warrant Exchange Agreements do not purport to be complete and is subject to, and qualified in its entirety by the PIPE
Warrant Exchange Agreements, the form of which is attached as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated herein by reference.