Fasttask Technologies Inc. announced that the Company has entered into a binding merger agreement dated February 1, 2021 with 1285877 B.C. Ltd. and Komo Plant Based Foods Inc., in respect of the proposed completion of a reverse-takeover transaction of the Company by Komo. Upon completion of the Proposed Transaction, it is anticipated that the board of directors of the Resulting Issuer will consist of four members: William White, Daniel Kang, Angelo Rajasooria and Spiros Margaris. It is anticipated that the senior management of the Resulting Issuer will be comprised of William White as President and Chief Executive Officer, Rick Huang as Chief Financial Officer, and Melissa Vettoretti as Corporate Secretary.

Each of the proposed board members and management appointees other than Ms. Vettoretti is currently a director or officer of the Company.