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FendX Technologies — Regulatory Filings 2023
Sep 26, 2023
48310_rns_2023-09-25_9f855b56-f0a3-4d34-859f-8fc75a1740c7.pdf
Regulatory Filings
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FORM 51‐102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Company
FendX Technologies Inc. (the “ Company ”) 2010 Winston Park Dr., 2nd Floor Oakville, ON L6H 5R7
Item 2. Date of Material Change
September 25, 2023
Item 3. News Release
The News Release dated September 25, 2023 was disseminated by Newsfile Corp. on September 25, 2023.
Item 4. Summary of Material Change
On September 25, 2023, the Company announced that it engaged the services of Independent Trading Group (ITG), Inc. (“ ITG ”) to provide services as a market maker in compliance with the policies and guidelines of the Canadian Securities Exchange and other applicable legislation. ITG will receive a fee of $7,000 plus applicable taxes per month. The agreement between the Company and ITG is for a term of two (2) months and may be renewed for subsequent periods of one (1) month if mutually agreed to in writing at least five (5) business days prior the end of the month unless the Company or ITG provides thirty (30) day written notice of termination to the other party.
ITG is an arm’s length party to the Company. ITG’s market making activity will be primarily to contribute to market liquidity of the Company’s shares and/or correct temporary imbalances in the supply and demand of the Company’s shares. ITG will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.
In addition, the Company announced it had entered into an agreement with Longtable Capital Partners (“ Longtable ”) for Longtable to provide investor communication support/investor relations services to the Company in exchange for a monthly fee in the amount of $2,000 plus applicable taxes. The term of the engagement is for a period of three months ending December 25, 2023, subject to termination provisions, and may be renewed by mutual agreement of the parties. Longtable and its principals are arm’s length to the Company. Longtable’s contact information is as follows: 4603‐1372 Seymour Street, Vancouver, BC, Canada, V6B 0L1, attention: Cole Stewart, email: [email protected], telephone: 778‐231‐6324.
Item 5. Full Description of Material Change
5.1 Full Description of Material Change
The material changes are fully described in Item 4 above and in the News Release attached hereto.
5.2 Disclosure for Restructuring Transactions
Not Applicable.