FendX Technologies — Share Issue/Capital Change 2025

Aug 19, 2025

51-102F3
MATERIAL CHANGE REPORT

Item 1 Name and Address of Company

FendX Technologies Inc. (the "Company")
701 West Georgia Street, Suite 1500
Vancouver, British Columbia, V7Y 1C6

Item 2 Date of Material Change

August 18, 2025

Item 3 News Release

The news release dated August 13, 2025 was disseminated via Newsfile Corp. on August 13, 2025.

Item 4 Summary of Material Change

Further to the Company's News Release of August 13, 2025, the Company consolidated its common shares (each, a "Share") on the basis of ten (10) pre-consolidation Shares for one (1) post-consolidation Share (the "Consolidation"), effective as of market open on August 18, 2025.

Item 5 Full Description of Material Change

5.1 Full Description of Material Change

On August 18, 2025, the Company completed the Consolidation.

To optimize the share structure of the Company, the board of directors has approved the Consolidation on the basis that it may attract additional financing and position the Company for growth and shareholder value increase.

The Consolidation became effective at the opening of the market on August 18, 2025. The symbol "FNDX" will remain the same. The new CUSIP number will be 314460205 and its new ISIN number will be CA3144602057 for the post-Consolidation Shares. Currently, a total of 90,019,646 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 9,001,965 Shares, subject to adjustments for rounding, will be issued and outstanding. Where the exchange results in a fractional share, the number of Shares will be rounded up to the nearest whole Share. The exercise or conversion price and/or the number of Shares issuable with respect to any of the Company's outstanding convertible securities will be proportionately adjusted in connection with the Consolidation. There is no maximum number of authorized Shares.

Endeavor Trust Corporation will mail out a Letter of Transmittal to the shareholders of record on August 18, 2025 providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Endeavor Trust Corporation in accordance with the instructions in the Letter of Transmittal. The board of directors is proceeding with the Consolidation on the basis that it may provide the Company with increased flexibility to seek additional financing opportunities.

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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

August 19, 2025