Mr. Laurie Baggio reports

MOBIO TECHNOLOGIES INC. ANNOUNCES SIGNING OF DEFINITIVE ASSET PURCHASE AGREEMENT FOR YOU MOVE ME FRANCHISE OPERATIONS

You Move Me LLC, a company wholly owned by Mobio Technologies Inc.'s subsidiary, Tracksuit Movers Inc., has entered into a definitive asset purchase agreement dated July 24, 2026, to acquire all of the franchise rights and assets held by Easy Moves Holdco LLC and related entities, for total consideration of $5-million (U.S.).

You Move Me is the franchisor of the You Move Me franchise system throughout the United States. The sellers operate You Move Me franchises across six metropolitan markets: Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis and St. Louis. The purchase is an asset purchase, and no cash, prepaids or deposits will be purchased, and no liabilities will be assumed. The transaction will bring the franchise locations under You Move Me as corporately owned locations.

The asset purchase will be financed through a combination of operating cash flows generated by the company and loans advanced to the company, as further described under financing of cash consideration below.

The asset purchase constitutes a reviewable transaction under the policies of the TSX Venture Exchange and remains subject to the acceptance of the exchange. Completion of the asset purchase is also subject to satisfaction of customary closing conditions. The asset purchase will not close until the required acceptance of the TSX Venture Exchange is obtained. There can be no assurance that the asset purchase will be completed as proposed or at all. Investors are cautioned that, except as disclosed in this news release, any information released or received with respect to the asset purchase may not be accurate or complete and should not be relied upon.

Transaction details

Proposed closing date: The asset purchase is expected to close upon and effective three business days after acceptance of the asset purchase by the TSX Venture Exchange, or such other date as the parties may agree.

Purchase price: Total consideration of $5-million (U.S.) is payable as follows: (a) $1-million (U.S.) on closing; (b) $1-million (U.S.) on Sept. 30, 2026; and (c) the remaining $3-million (U.S.) in 20 quarterly payments over five years, with simple interest accruing on the principal balance at 5 per cent per annum.

Financing of cash consideration: The cash consideration payable under the asset purchase is expected to be financed from operating cash flows generated by the company, together with the proceeds of two unsecured loans advanced to the company, in the aggregate principal amount of $2-million (Canadian), each evidenced by a promissory note and having the terms summarized below.

The company issued a promissory note dated June 12, 2026, in favour of the director of the company, in the principal amount of $1.5-million (Canadian). The loan bears simple interest at a rate of 12 per cent per annum.

Principal amount, together with all accrued and unpaid interest, is due on June 12, 2028. The loan is unsecured and may be prepaid by the company at any time, in whole or in part, without penalty or bonus.

The company issued a promissory note dated June 12, 2026, in favour of the company controlled by the chief executive officer and director of the company, in the principal amount of $500,000 (Canadian). The loan bears simple interest at a rate of 12 per cent per annum. Principal amount, together with all accrued and unpaid interest, is due on June 12, 2028. The loan is unsecured and may be prepaid by the company at any time, in whole or in part, without penalty or bonus.

Non-arm's-length transaction: The loans constitute a related party transaction within the meaning of Multilateral Instrument 61-101 and are subject to compliance with the applicable requirements of MI 61-101 and the policies of the TSX Venture Exchange. The company relied on the exemption from the valuation requirement pursuant to Section 5.5(d) (Certain Transactions in the Ordinary Course of Business) of MI 61-101 and from the minority shareholder approval requirement prescribed by Section 5.7(1)(c) (Other Transactions Exempt from Formal Valuation) of MI 61-101. The company's CEO, Laurie Baggio, and director Lance Tracey have abstained from voting on the resolutions to approve the loans.

Finders' fees: No finders' fees are payable in connection with the asset purchase.

Message from Mr. Baggio:

"Mobio Brands is proud to announce the signing of purchase agreement to acquire the franchise locations of the strategic markets of Kansas City, Minneapolis/St. Paul, Denver, Salt Lake City, Indianapolis and St. Louis. These franchise locations have a long operating history within the network, bringing them under direct corporate ownership is intended to support disciplined growth, operational consistency and continued investment in the brand. Integration of the franchise locations into our corporate portfolio marks a significant milestone in our mission to scale the You Move Me system across North America."

About Mobio Technologies Inc.

Mobio Technologies, a TSX Venture Exchange-listed company, is actively building a leading portfolio of moving and moving-related service brands, united by a dedication to quality, integrity and exceptional customer experiences. As a public company, Mobio strategically invests in both moving services and technology solutions, aiming to provide homeowners, businesses and entrepreneurs with a trusted, seamless network for all moving and relocation needs.

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