Mr. Mike Marrandino reports

MARBLE PROVIDES UPDATE ON BINDING LETTER OF INTENT TO ACQUIRE EBUNCH DATA AND DEVELOPMENT LTD.

Marble Financial Inc. has provided an update to the news release issued on April 28, 2022, relating to its binding letter of intent with eBunch Data and Development Ltd. (the vendor).

Upon completion of the technical, operational and financial due diligence of the vendor, the company and the vendor have agreed to revise commercial terms relating to the sale of certain of the vendor's assets, comprising the eBunch business, to Marble.

Accumulate.AI Software Ltd. (the purchaser), a wholly owned subsidiary of Marble, will acquire certain technology assets relating to the vendor's inventory management system for auto dealerships and related assets from the vendor pursuant to an asset purchase definitive agreement for consideration of up to $550,000. The purchase price will be paid by the purchaser as to: (i) $125,000 on closing; and (ii) an earnout of up to $425,000, equal to 33.33 per cent of the net income of the acquired vendor's business realized during the eight successive quarterly financial reporting periods following the closing date.

Subject to regulatory approval, the earnout will be paid in the form of common shares of Marble issued from treasury, calculated based on the volume weighted average closing trading price (VWAP) of Marble common shares on the Canadian Securities Exchange for the five prior trading days ending three trading days prior to the end of each financial quarter. The earnout shall cease and be of no further effect if the net income of the vendor's business is negative for two successive fiscal quarters during the earnout period.

Marble is pleased to announce that Paul Lehal, the chief executive officer of eBunch and the chief technology officer of Konect.ai, will enter into a consulting agreement with the purchaser and oversee the integration of Marble's Connect API (application programming interface) with Konect.ai's 52 car dealer partnerships in Canada and 200-plus car dealer partnerships in the United States, forming part of Marble's future expansion plans. Mr. Lehal will remain employed by the vendor as the purchaser will not acquire the Konect.ai business.

The transaction is subject to regulatory and corporate approvals, and is expected to close on or before Sept. 30, 2022.

About eBunch Data and Development Ltd.

eBunch is a full-service technology company providing a wide array of digital products and services, including mobile apps, on-line branding and marketing.

About Marble Financial Inc.

Marble's proprietary MyMarble platform utilizes the power of machine learning, data science and artificial intelligence in leveraging its proven data-driven strategies through technology solutions Connect, Inverite, MyMarble, Fast-Track, Learn and Boost to engage in and navigate a clear path toward financial well-being and a meaningful credit score. Since 2016, Marble is proud to have empowered thousands of marginalized consumers to a positive financial future, and the company continues to establish itself as a leader in financial wellness through the licensing of its proprietary products on the MyMarble platform and through Inverite.

We seek Safe Harbor.