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FTI Foodtech clarifies shares for services

2026-02-19 09:10 ET - News Release

Mr. Stephen Brown reports

FTI FOODTECH INTERNATIONAL CLARIFIES SHARES FOR SERVICES

FTI Foodtech International Inc. has clarified obligations due to its president, Richard Rosenblum, pursuant to an employment agreement dated June 1, 2025, as subsequently amended on Feb. 17, 2026. The appointment of the executive was first announced by the company in a news release issued on June 26, 2025.

The employment agreement was originally entered into on an arm's-length basis prior to the executive being appointed as an officer of FTI. Pursuant to the employment agreement, the executive shall advise the company with respect to its planning of projects, new business development activities and the determination of its key business objectives. As consideration for the services offered under the employment agreement, the executive will receive a monthly cash payment of $10,000 (U.S.) per month. Additionally, following the end of the executive's term, which is currently set to expire on June 1, 2026, the company will issue that number of common shares of the company equal to $40,000, at a deemed price per common share equal to the last trading price of the common shares as of the date of issuance. The TSX Venture Exchange has not yet conditionally approved the issuance of common shares under the employment agreement.

All common shares issued pursuant to the employment agreement are subject to a hold period of four months plus one day from the date of issuance of the common shares in accordance with applicable securities legislation and the polices of the TSX-V.

About FTI Foodtech International Inc.

The company is focused on developing an innovative retail and barter e-commerce platform for products that address challenges and promote sustainability within the cosmetic, skin care, wellness, health and industrial product industries. FTI is committed to delivering high-quality, reliable products and solutions that meet the evolving needs of its clients worldwide.

We seek Safe Harbor.

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