Thoughtful Brands Inc. (PEMTF)

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Good terms: In addition to the above, the Company announces that it has issued 3,460,636 common shares
as repayment to settle a USD$150,000 debt to Juan Patricio Villalba Gomez at a deemed price
of CAD$0.055 per share. Mr. Villalba Gomez has agreed to accept common shares using the
Bank of Canada closing rate on February 10, 2021 of CAD$1.2689. All common shares of the
Company issued to Mr. Villalba Gomez will be subject to a thirty-six month time release escrow
following the NP 46-201 release schedule, such that 10% are released on closing with the
remaining shares released in 15% increments every six months.