An anonymous director reports

XTM RESUMES TIP PAYOUT PROGRAM AND COMMENCES COURT-APPROVED SALE AND INVESTMENT SOLICITATION PROCESS

On Feb. 27, 2026, XTM Inc. and its subsidiary Everyday People Payments Inc. were granted protection pursuant to the companies' Creditors Arrangement Act pursuant to an order of the Ontario Superior Court of Justice. The Fuller Landau Group Inc. was appointed monitor of the XTM entities.

The CCAA proceedings were commenced to allow the XTM entities time to stabilize the business and consider their restructuring options.

As part of the stabilization of the business, the company, through its service provider, Everyday People Financial Corp., and with the oversight of the monitor, recommenced operation of the EveryDay Payments platform on March 20, 2026. Since March 20, merchants have been restarting their use of the EveryDay platform to disburse same day tips to their employees.

On April 2, 2026, to further advance the progress made to stabilize its business, the XTM entities sought and obtained an order from the court for the appointment of FAAN Advisors Group Inc. to serve as their chief restructuring officer to, among other things, assist the company in advancing its restructuring and participate in the development and implementation of a sale and investment solicitation process.

On April 10, 2026, the court granted an order, among other things:

1. Approving the SISP to canvass the market to solicit interest in the opportunity for a sale or investment in all or part of the company's assets and business operations, including the EveryDay platform; and
2. Approving a stalking horse subscription agreement between XTM and Pateno Payments Inc., the company's debtor-in-possession financier, establishing a minimum transaction benchmark for the SISP and bringing operational stability to the business.

The SISP is intended to generate the best offers for the company's property, assets and undertakings. The process will be conducted by the monitor with the assistance of the CRO and the company. Further details of the stalking horse agreement are available on the monitor's website.

If the stalking horse bidder is the successful bid, court approval will be required before the stalking horse bidder agreement and the transaction are consummated.

Persons interested in participating in the SISP may register their interest by contacting the monitor. Registrants will receive a process summary describing the opportunity, together with access to a virtual data room, upon execution of a non-disclosure agreement and submission of the information required under the SISP.

The SISP will commence on April 27, 2026, and the deadline to submit binding offers under the SISP is June 8, 2026, at 4 p.m. Eastern Daylight Time.

Interested persons should contact the monitor at The Fuller Landau Group Inc., 151 Bloor St. West, 12th floor, Toronto, Ont., M5S 1S4, attention: George Chibukhchyan, by phone: 647-417-0389 or by e-mail: gchibukhchyan@fullerllp.com.

Copies of the materials filed in the CCAA proceedings and the SISP are available on the monitor's website.

The trading in the company's common shares continues to remain halted on the Canadian Securities Exchange.

About XTM Inc.

XTM is a fintech enabler and the founder of AnyDay, a real-time payroll, tip and earned wage access platform. The XTM entities are subject to the terms of the initial order, and readers are encouraged to read the initial order issued by the court, as amended and restated from time to time, and the temporary order issued by the Bank of Canada in their entirety.

We seek Safe Harbor.