Mr. Geoffrey Guilly reports

AITENDERS TECHNOLOGIES INC. (FORMERLY, EXEBLOCK TECHNOLOGY CORPORATION) ANNOUNCES CLOSING OF REVERSE TAKEOVER WITH AITENDERS AND RECEIPT OF CONDITIONAL LISTING APPROVAL FROM THE CANADIAN SECURITIES EXCHANGE

Aitenders Technologies Inc. (formerly, eXeBlock Technology Corp.) has closed its reverse takeover transaction with Aitenders, a France-based developer of an end-to-end artificial-intelligence-powered platform for tender response and contract management.

The transaction was completed under the terms of a share exchange agreement dated Dec. 22, 2025, as amended, among the company, Aitenders and the shareholders of Aitenders, pursuant to which the company acquired all of the issued and outstanding shares of Aitenders. In connection with the transaction, prior to closing, the company:

• Completed a non-brokered private placement of subscription receipts for aggregate gross proceeds of $2.4-million;
• Consolidated its outstanding common shares on the basis of one new share for approximately every 12.589839 old shares such that immediately prior to closing there were approximately six million resulting issuer shares issued and outstanding on a non-diluted basis;
• Changed its name to Aitenders Technologies Inc.

Following completion of the transaction, Aitenders has become a wholly owned subsidiary of the company, and the company will continue the business of Aitenders.

About Aitenders

Aitenders is a private company existing under the laws of France which is engaged in the development and sale of an end-to-end AI-powered platform for tender response and contract management purpose built for complex construction and infrastructure projects. Founded in 2019 and headquartered in Saint-Etienne, France, Aitenders has been recognized among the Top 50 ConTech Startups 2026 globally by Cemex Ventures, serving enterprise customers including three of the top five largest construction companies in Europe and North America.

Conditional approval to list the resulting issuer shares

Conditional approval has been granted by the Canadian Securities Exchange (the CSE) to list the resulting issuer shares under the ticker symbol BIDS, subject to the company satisfying the CSE's final listing requirements. Subject to the satisfaction of such requirements, the company expects the resulting issuer shares to commence trading on the CSE during the week of Monday, Aug. 3, concurrent with which the company will file its Form 2A -- Listing Statement on the CSE's website and under the company's profile on SEDAR+.

Transaction details

Pursuant to the transaction, the former shareholders of Aitenders exchanged all of their Aitenders shares for an aggregate of 54 million resulting issuer shares at a deemed price of 58.33 cents per resulting issuer share such that, immediately following closing of the transaction but before accounting for the conversion of the subscription receipts issued under the concurrent financing, the company had approximately 60,857,143 resulting issuer shares outstanding, of which 54 million resulting issuer shares are held by the former shareholders of Aitenders, and approximately six million resulting issuer shares are held by former shareholders of eXeBlock Technologies Corp. Accordingly, the former shareholders of Aitenders have acquired control of the company and the transaction constitutes a fundamental change under the policies of the CSE.

In consideration for its services in connection with the transaction, the company paid Numus Capital Corp. a corporate finance fee of $500,000, which fee was settled through the issuance of 857,143 resulting issuer shares at a deemed issue price of 58.33 cents per resulting issuer share, being the same issue price as under the concurrent financing.

Concurrent financing

In connection with the transaction, the company completed the concurrent financing, consisting of the issuance of 4,114,521 subscription receipts at a price of 58.33 cents per subscription receipt for aggregate gross proceeds of approximately $2.4-million, with each subscription receipt automatically converting into one resulting issuer share for no additional consideration upon the satisfaction of certain escrow release conditions, including the closing of the transaction.

Numus acted as the exclusive agent for the concurrent financing. In consideration for its services, the company paid Numus a cash commission of $168,000 (equal to 7.0 per cent of the aggregate gross proceeds of the concurrent financing) and issued 288,016 non-transferable broker warrants to Numus (equal to 7.0 per cent of the number of subscription receipts issued under the concurrent financing), with each broker warrant exercisable to acquire one resulting issuer share at an exercise price of 58.33 cents per resulting issuer share until June 25, 2028.

Early warning

Pursuant to the transaction, Geoffrey Guilly, co-founder of Aitenders, acquired beneficial ownership of, or control or direction over, an aggregate of 38,150,564 resulting issuer shares, of which 37,353,741 resulting issuer shares are held directly by Mr. Guilly and 796,823 resulting issuer shares are held through Amplio International Consulting and Trading, a company controlled by Mr. Guilly.

Following closing of the transaction, Mr. Guilly beneficially owns, or exercises control or direction over, 38,150,564 resulting issuer shares, representing approximately 62.69 per cent of the issued and outstanding resulting issuer shares before accounting for the conversion of the subscription receipts, and approximately 56.49 per cent on a fully diluted basis. Immediately prior to the transaction, Mr. Guilly did not beneficially own, or exercise control or direction over, any shares of the company.

The aggregate 38,150,564 resulting issuer shares acquired by Mr. Guilly and Amplio pursuant to the transaction were issued in exchange for Aitenders shares at a deemed price of 58.33 cents per resulting issuer share, representing aggregate deemed consideration of approximately $22,253,224. The resulting issuer shares held by Mr. Guilly and Amplio are subject to escrow in accordance with National Policy 46-201 Escrow for Initial Public Offerings. Such resulting issuer shares were acquired for investment purposes. Mr. Guilly may, from time to time and subject to applicable securities laws, increase or decrease his and Amplio's shareholdings or continue to hold resulting issuer shares as he may determine appropriate in the normal course. In the future, Mr. Guilly may, directly or indirectly, acquire additional resulting issuer shares or dispose of such shares subject to a number of factors, including, without limitation, general market and economic conditions and other investment and business opportunities available.

A copy of the early warning report to be filed by Mr. Guilly in connection with the transaction will be available under the company's profile on SEDAR+. This disclosure is being provided pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

About Aitenders Technologies Inc.

Following completion of the transaction, the company is engaged through its wholly owned subsidiary Aitenders in the development and sale of the intelligence operating system for construction. The Aitenders platform masters every requirement, clause and commitment across a project's full life cycle, from bid to final milestone. Each project compounds the client's proprietary knowledge into a data asset no competitor can replicate. Sovereign by design, the platform deploys from cloud to fully offline and works with any AI (artificial intelligence) model. The company serves enterprise customers in Europe and North America, including three of the top five largest construction companies in Europe.

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