Sumarria Inc. Completes Acquisition in Forward Water Technologies Corp.

Sumarria Inc. has completed the acquisition of 100 debenture units from Forward Water Technologies Corp. (FWTC), valued at $100,000. This transaction was part of FWTC's private placement of 1,025 units. Each unit includes a $1,000 unsecured convertible debenture at 14% interest annually, convertible at $0.07 per share until October 29, 2026, and $0.10 thereafter. It also includes 5,000 common share purchase warrants, exercisable at various prices until October 29, 2028.

Post-acquisition, Sumarria holds 16,135,175 shares, or 28.2% of FWTC on a partially diluted basis, when considering warrant exercise and debenture conversion. Sumarria, in collaboration with Max Graham, a director at FWTC, controls about 29.9% on a partially diluted basis. Both parties may adjust their holdings based on market conditions and company prospects.