Early Warning Press Release - Sumarria Inc. Announces Completion of Acquisition of Securities of Forward Water Technologies Corp.

Executive Summary

• Sumarria Inc. completed the acquisition of 100 debenture units issued by Forward Water Technologies Corp. for a total consideration of $100,000.
• The transaction increases Sumarria’s beneficial ownership to approximately 28.2% of FWTC’s common shares on a partially diluted basis (including assumed warrant exercises and debenture conversions).
• Combined with director Max Graham, the parties now control roughly 29.9% of the company on a partially diluted basis; no immediate intention to alter this position further.

Key Details

• Units Acquired: 100 units issued on Oct 29 2025 at $1,000 each (total $100,000).
• Unit Composition: Each unit consists of a $1,000 principal 14% per annum unsecured convertible debenture and 5,000 common‑share purchase warrants.
• Debenture Terms:
• Interest: 14% per annum, payable annually in arrears.
• Maturity: Oct 29 2028.
• Conversion price: $0.07 per share for the first year, thereafter $0.10 per share (at holder’s option).
• Warrant Terms:
• Exercise price: $0.07 per share until Oct 29 2026; $0.10 thereafter.
• Expiry: Oct 29 2028.
• Pre‑transaction Ownership (Sumarria): 8,879,003 common shares (~17.8%) and 5,327,601 warrants.
• Post‑transaction Assumptions:
• If all Sumarria‑held warrants are exercised and debentures converted at $0.07, Sumarria would hold 16,135,175 common shares (~28.2% partially diluted).
• Joint Holding with Director Max Graham:
• Combined holdings after transaction: 9,322,929 common shares, 6,174,564 warrants, and $125,000 of debentures.
• Undiluted ownership: ~18.7%; partially diluted ownership: ~29.9% of outstanding common shares.
• Intentions: Sumarria and Mr. Graham state they hold the securities for investment purposes only and have no current plans to increase or decrease their beneficial ownership.
• Regulatory Filing: An early‑warning report will be filed under NI 62‑104/62‑103; copies will be available on FWTC’s SEDAR+ profile.

Notable Quotes

(No direct quotes were provided in the release.)