An anonymous director reports

EDGETI PROVIDES UPDATE ON DEBT SETTLEMENT

Edge Total Intelligence Inc. has provided an update on the settlement of debt owed by the company to Lotus Domaine III LP, an investment fund that is also a significant shareholder of the company.

On June 1, 2022, the company entered into a credit facility agreement with Lotus, pursuant to which Lotus agreed to make available to the company a credit facility in the authorized aggregate amount of up to $1-million (U.S.). On Dec. 2, 2022, the parties amended the credit facility agreement to, among other things, increase the amount available under the credit facility to $5-million (U.S.). The amount available under the credit facility was further increased to $5.1-million (U.S.) on Jan. 20, 2023, and to $5.95-million (U.S.) on March 1, 2023.

In news releases dated March 20, 2023, and June 30, 2023, the company announced that, in connection with the debt settlement, it approved the issuance of a warrant to Lotus to purchase 75,000 subordinate voting shares of the company at a price of one cent per subordinate voting share. The company wishes to advise that it has not issued the warrant to Lotus and Lotus and the company have agreed that the warrant will no longer be issued to Lotus as part of the debt settlement.

The credit facility, amendments to the credit facility and debt settlement remain subject to acceptance by the TSX Venture Exchange.

About Edge Total Intelligence Inc.

Edge Total Intelligence helps customers sustain situational awareness and accelerate data-driven action with its real-time digital operations software, edgeCore. Global enterprises, service providers and governments are more profitable when insight and action are united to deliver fluid experiences through the platform's low-code development capability and compostable experiences. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across evolving, complex situations in business, technology and cross-domain operations -- helping them achieve the impossible.

We seek Safe Harbor.