Mr. Piyush Sawhney reports

DR. PHONE FIX ANNOUNCES AMENDMENT TO INTEREST CONVERSION TERMS OF CONVERTIBLE DEBENTURES

Dr. Phone Fix Canada Corp. has entered into an amending agreement dated Oct. 8, 2026, to amend the mechanics for converting accrued and unpaid interest under its unsecured convertible debentures issued on June 24, 2026, and July 17, 2026, in the aggregate principal amount of $1,608,000 and bearing interest at 10 per cent per annum. The conversion price applicable to the principal amount of the debentures is not affected by the amendments.

Under the amending agreement, the principal amount of the debentures remains convertible, at the option of the holder, at any time on or before the maturity date into common shares of the company at a conversion price of 16 cents per common share. Accrued and unpaid interest on the debentures remains convertible into common shares at the option of the holder, but at a deemed price per common share equal to the closing price of the common shares on the TSX Venture Exchange on the last trading day before the holder delivers a notice electing to convert interest, provided that the interest conversion price will not be less than the market price (as defined in the policies of the TSX-V) on that trading day.

An interest conversion notice must be delivered within the five trading days before the date on which the applicable interest becomes payable, including on conversion of the principal amount, in which case the interest conversion notice is to be delivered together with the conversion notice. Any issuance of common shares in satisfaction of interest is subject to the prior acceptance of the TSX-V, and any interest that is not converted, or for which TSX-V acceptance is not obtained, will be paid in cash. The form of conversion notice attached to the debentures has been updated to reflect these amendments. All other terms of the debentures remain unchanged.

The terms of the debentures provide that they may be amended with the consent of the holders of a majority of the aggregate principal amount of the debentures outstanding, and that all holders are bound by any amendment so approved. Holders of more than 50 per cent of the aggregate principal amount of the outstanding debentures have consented to the amending agreement. Accordingly, the amendments are binding on all holders of debentures, whether or not they executed the amending agreement and whether or not replacement certificates are issued.

The amendments to the debentures remain subject to the acceptance of the TSX-V.

About Dr. Phone Fix Canada Corp.

Dr. Phone Fix is an award-winning, ecofriendly and customer-centric integrated device care platform providing repair, refurbishment, certified preowned devices, trade-in solutions, accessories and related services through its growing national retail network. Founded in 2019, the company serves consumers and businesses across multiple Canadian markets, delivering convenient and reliable device care solutions through its corporately owned retail network. With a focus on operational execution, customer service and sustainability, Dr. Phone Fix continues to expand its national platform while supporting the repair, reuse and extension of the useful life of connected devices.

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