NOTE
22 – SUBSEQUENT EVENTS
| a) | On
March 27, 2026, the Company entered into a share purchase agreement (the “Share Purchase
Agreement”) with Gilad R.G. Planning and Implementation of Technologies and Software
2025 Ltd. (“Gilad”) and its shareholder (the “Vendor”), to acquire
an equity interest in Gilad (the “Acquisition”) in order to strengthen the field
of software services provided by Femto through its subsidiary, BYND – Beyond Solutions
Ltd., and in order to remain relevant in light of the significant changes that the software
field is undergoing due to the prevalence of artificial intelligence engines. |
Pursuant
to the Acquisition, Femto acquired:
| 1. | from
Gilad, 43 previously unissued common shares of Gilad (the “Gilad Shares”) for
a total purchase price of US$1,000,000 which will be used to complete development and sales
in accordance with a budget to be approved by the parties (the “Treasury Shares Purchase
Price”), to be paid in four equal quarterly instalments of US$250,000; and |
| 2. | from
the Vendor, 14 Gilad Shares in consideration for: |
| a. | the
payment to the Vendor of the sum of US$250,000; and |
| b. | the
issuance to the Vendor of 169,811 subordinate voting shares in the capital of Femto (the
“Subordinate Voting Shares”) at deemed price of US$0.589 per Subordinate Voting
Share (the “Payment Shares”), being the volume weighted daily average market
price of the Subordinate Voting Shares for the 30 trading days preceding the date of the
Share Purchase Agreement. |
Upon
closing of the Acquisition (the “Closing”), Femto held 40% of the issued and outstanding Gilad Shares.
| b) | On
April 9, 2026, the Company issued 6,852 subordinate voting shares to directors of the Company
following the vesting of RSU’s. |
|