FendX Provides Corporate Update

Executive Summary

• FendX Technologies Inc. will settle approximately $25,560 of outstanding consultant debt by issuing 34,540 common shares at a deemed price of $0.74 per share.
• The settlement terms were amended to use the higher of the market price or a 5‑day VWAP calculated at least five business days before closing, subject to regulatory approvals including CSE consent.
• Issued shares will be subject to a statutory four‑month‑plus‑one‑day hold period under applicable securities laws.

Key Details

• Debt Amount: Approximately $25,560 owed to two arm’s‑length consultants for services performed.
• Share Settlement: 34,540 common shares to be issued at a deemed price of $0.74 per share.
• Pricing Mechanism: Revised settlement price is the greater of (i) the Company’s market price on the date that is at least five business days prior to closing, or (ii) the 5‑day VWAP for the same period, or any higher mutually agreed price.
• Regulatory Conditions: Closing subject to customary conditions precedent, including receipt of all necessary regulatory approvals and CSE approval.
• Hold Period: Shares will be subject to a statutory four‑month‑and‑one‑day hold period in accordance with securities laws.
• U.S. Offering Restrictions: The shares will not be registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption.

Notable Quotes

• “We are pleased to resolve these outstanding obligations through a fair and transparent share settlement, positioning FendX for continued growth,” – Carolyn Myers, CEO & Director.