Blender Bites Limited — Capital/Financing Update 2021

Mar 1, 2021

Form 51-102F3 Material Change Report

		Form 51-102F3Material Change Report
Item	1	Name and Address of Company
		Balsam Technologies Corp.
		Suite 1000, 409 Granville Street
		Vancouver, BC V6C 1T2
Item	2	Date of Material Change
		February 4, 2021
Item	3	News Release
		A news release was disseminated on February 4, 2021 through the facilities of
		Stockwatch and subsequently filed on SEDAR.
Item	4	Summary of Material Change
		The Company closed a previously announced non-brokered private placement (the
		“Placement”), raising gross proceeds of $600,000 through the sale of 2,608,696 units at a
		price of $0.23 per unit.
Item	5	Full Description of Material Change
		Vancouver, British Columbia, February 4, 2021 – Balsam Technologies Corp. (TSXV:
		BTEC.H) (the “Company”) announces that it has completed a non-brokered private
		placement (the “Placement”) of 2,608,696 units (each, a “Unit”) at a price of $0.23 per
		Unit for gross proceeds of $600,000. Each Unit consists of one common share of the
		Company, and one common share purchase warrant exercisable to acquire an additional
		common share at a price of $0.31 until February 4, 2022.
		In connection with the Placement, the Company has paid 2% of the gross proceeds (the
		“Administrative fee”), split evenly, between two (2) consultants that assisted with the
		completion of the Placement. No finders’ fees are payable in connection with completion
		of the Placement.
		The Company intends to use the proceeds of the Placement to retire existing payables and
		to provide the working capital necessary for the evaluation of potential strategic
		transactions and to satisfy the ongoing disclosure and reporting obligations of the
		Company.
		All securities issued in connection with the Placement are subject to a four-month- and-
		one-day statutory hold period, in accordance with applicable securities laws, expiring on
		June 5, 2021.
Item	6	Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
		This Report is not being filed on a confidential basis in reliance on subsection 7.1(2) or
		(3) of National Instrument 51-102.
Item	7	Omitted Information

No information has been omitted on the basis that it is confidential information.

Item 8 Executive Officer

Joel Shacker is knowledgeable about the material change and the Report and may be contacted (604) 283-1722. Item 9 Date of Report March 1, 2020.