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FendX Technologies — Regulatory Filings 2025
Mar 18, 2025
48310_rns_2025-03-17_4934806a-b9d7-4e7a-83ff-fba6219ca733.pdf
Regulatory Filings
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51-102F3
MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
FendX Technologies Inc. (the "Company")
2010 Winston Park Drive, 2nd Floor
Oakville, ON L6H 5R7
Item 2 Date of Material Change
March 11, 2025
Item 3 News Release
The news releases dated March 12 and 13, 2025 were disseminated through Newsfile Corp. on March 12 and 13, 2025 respectively.
Item 4 Summary of Material Change
On March 12, 2025, the Company announced it entered into a consulting agreement dated March 11, 2025 with a third-party marketing firm, to provide the Company with marketing services, including, designing, creating and distributing content to increase brand awareness and assisting the Company with developing marketing strategies (the "Services"), for a period of 12 months. The Services will commence upon the Company completing a financing and confirming a budget for the Services to be provided. On March 13, 2025 the Company announced the marketing budget was US$200,000 and servicers would start approximately March 19, 2025.
The Company also announced on March 12, 2025 that it entered into an agreement with Outside The Box Capital Inc. ("OTB") on March 11, 2025 for the provision of investor relations, marketing and distribution services (the "IR Services").
Item 5 Full Description of Material Change
5.1 Full Description of Material Change
On March 12, 2025, the Company announced it entered into a consulting agreement dated March 11, 2025 with a third-party marketing firm, to provide the Company with marketing services, including, designing, creating and distributing content to increase brand awareness and assisting the Company with the Services, for a period of 12 months. The Services will commence upon the Company completing a financing and confirming a budget for the Services to be provided. On March 13, 2025, the Company announced the budget for the services is US$200,000 which are anticipated to commence on or about March 19, 2025.
The Company also announced that it entered into an agreement with OTB on March 11, 2025 for the provision of IR Services. Pursuant to the agreement, OTB has agreed to
provide the IR Services to the Company for a period of three months in exchange for a fee of $288,000 (the "Fee") plus applicable taxes upon receipt of invoices. The commencement of the IR Services and three month term are anticipated to commence on or about March 19, 2025, with $216,000 of the Fee plus applicable taxes payable on such commencement date. The IR Services include social media, digital and influencer-based marketing, content creation and distribution across social channels that include Reddit, Discord, Telegram, X (formerly Twitter), and StockTwits, and other related investor communication and marketing services. The term of the OTB agreement is for a period of 3 months, and includes an early termination provision by the Company upon 10 days written notice. The Company intends to renew the agreement after the initial three-month term at the same terms, and any renewal will be at the discretion of the Company. OTB and its principals are arm's length to the Company. OTB's contact information is as follows: 2202 Green Orchard Place, Oakville, Ontario, L6H 4V4, attention: Jason Coles, email: [email protected], telephone: 289-259-4455.
5.2 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
None
Item 8 Executive Officer
Carolyn Myers, CEO, 1-800-344-9868
Item 9 Date of Report
March 17, 2025