Announcement • May 05

Shelfie-Tech Ltd. (CNSX:SHLF) entered into a definitive share purchase agreement to acquire 70% stake in Aspect Information Systems Ltd. for $2.3 million.

Shelfie-Tech Ltd. (CNSX:SHLF) entered into a definitive share purchase agreement to acquire 70% stake in Aspect Information Systems Ltd. for $2.3 million on May 4, 2026. Pursuant to the Agreement, Shelfie will initially acquire up to a 70% equity stake in ASPECT as follows; On closing, a cash payment of $1.32 million to the ASPECT Shareholder in consideration for 50% of the issued and outstanding securities of ASPECT and On closing, an investment into ASPECT, in the amount of $0.5 million in return for that amount of Securities as will increase Shelfie's ownership by an additional 10% of the Securities; and Prior to June 30, 2026, an investment into ASPECT, in the amount of $0.5 million in return for that amount of Securities as will increase Shelfie's ownership by an additional 10% of the Securities. Additionally, the Agreement provides Shelfie with an option to acquire an additional 15% of the Securities held by the ASPECT Shareholder in consideration of $1 million. The Call Option expires on December 31, 2030. Furthermore, the Agreement provides the ASPECT shareholder with the option to sell all its remaining Securities. The consideration payable by Shelfie if the ASPECT Shareholder has exercised the Put Option shall be satisfied by the issuance of common shares in the capital of Shelfie to the ASPECT Shareholder pursuant to an agreed to formula. Such formula provides that the maximum number of Shares potentially issuable to the ASPECT Shareholder shall not exceed 9% of the Shares at the time the Put Option is exercised. The Put Option expires on the Expiry Date. The Agreement sets out certain terms and conditions pursuant to which the Transaction will be completed. The Transaction remains subject to certain closing conditions, including, without limitation: (a) the entering into of an employment agreement with a certain key executive of ASPECT; (b) the receipt of all required regulatory approvals, including that of the Canadian Securities Exchange; (c) each party's representations and warranties in the Agreement being true and correct in all respects as of the date of closing; and (d) each party completing its covenants and obligations as contained in the Agreement. There can be no guarantees that the Transaction will be completed as contemplated or at all. The Transaction is expected to close in early June 2026.

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Shelfie-Tech Ltd. (CNSX:SHLF) entered into a definitive share purchase agreement to acquire 70% stake in Aspect Information Systems Ltd. for $2.3 million.

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