Ann: Proposed issue of securities - SPX, page-10

• Spenda makes strategic investment in FSCO to cornerstone its Agribusiness Strategy

• Spenda has invested $1.025m for a 4% equity interest in FSCO, through the conversion of existing debt and will

  have the right to appoint a director to the FSCO board

• Later this month, the parties will release an Agri-specialised instance of the Spenda Accounts Receivable and Accounts Payable software that provides faster payments to primary producers and uses Agricultural operational data to de-risk Spenda’s lending opportunity to this market segment

• The investment further aligns the two businesses and exposes Spenda to FSCO’s extensive networks and credibility in the Agribusiness sector to deliver liquidity to every layer of the Agri value chain

Circa February 2023

''To cornerstone its Agribusiness Strategy '''

Invested $1.025M lol