Mr. Gabi Kabazo reports

FORT TECHNOLOGY ENTERS INTO CREDIT FACILITY AGREEMENTS FOR UP TO $20 MILLION TO SUPPORT ITS DATA CENTER AND E-COMMERCE ACTIVITIES

Fort Technology Inc. has entered into securities purchase agreements with two institutional investors for the issuance of unsecured convertible promissory notes in an aggregate principal amount of up to $20-million.

The company intends to use the net proceeds from the financing for general working capital and to support its operations, including, among other things, the activities of its majority-owned subsidiary, Logia USA Inc., related to fuel integrity solutions for data centres and other mission-critical facilities.

The notes, subject to an original issue discount of 10 per cent, will be issued in an initial tranche of $2.2-million principal, followed by additional quarterly tranches, at the company's discretion, of up to $2.2-million principal (with the final tranche of up to $2.4-million principal), subject to the terms of the agreements. The notes bear interest at 8 per cent per annum, mature 28 months after issuance, and are convertible into common shares of the company at the lower of a fixed price and 88 per cent of the lowest daily VWAP (volume weighted average price) during the 20 trading days preceding conversion, subject to a floor price. Concurrently with each note, the investors will receive warrants to purchase common shares of the company, exercisable for five years. In addition, the company has agreed to issue to the investors common shares with an aggregate value of $1-million as a commitment fee.

About Fort Technology Inc.

Fort is engaged in the retail sale of consumer products, primarily serving the pest control and remedial repair industries. Fort develops, markets and sells a range of products for both amateur and professional customers under its proprietary brands, including Roshield, Entopest, Rempro and BirdGo. Products are sold primarily through Amazon marketplaces in the United Kingdom and Europe, as well as through other on-line sales channels. Fort currently serves customers throughout the United Kingdom and continental Europe, and is expanding its operations into the United States, including through its majority-owned subsidiary, Logia USA, a company focused on selling advanced fuel integrity solutions for data centres and other mission-critical facilities in the United States.

We seek Safe Harbor.