Spirit Banner II Capital Corp. provided an update on its proposed business combination transaction with Sabio Mobile, Inc. Further to the announcement on June 29, 2021, in addition to Aziz Rahimtoola, Paula Madison, and Carl Farrell, the board of directors of the Resulting Issuer is expected to include Muizz Kheraj. Further, the senior management team of the Resulting Issuer, in addition to Aziz Rahimtoola (Chief Executive Officer), Sajid Premji (Chief Financial Officer), Joe Camacho, (Chief Marketing Officer), and Jason Tong (SVP of Engineering), is anticipated to include: (i)
Helen Lum, EVP of App Science, Inc., a wholly owned subsidiary of Sabio; (ii) Simon Wong,
EVP; and (iii) Kendra Low, Corporate Secretary. Muizz Kheraj Proposed Director - Muizz Kheraj has more than two decades of
experience in technology, both as a software engineer and as an experienced advisor,
supporting the capital market needs of middle-market entrepreneurs. Mr. Kheraj built the TMT
practice at McGladrey Capital Markets, LLC. He has held leadership roles at various
technology and digital media start-ups and currently holds active board advisory roles within
numerous bleeding-edge technology firms. He has led, managed and closed an aggregate of
more than $1 billion in transactions in the technology sector.

Helen Lum Proposed EVP of App Science - As one of the first employees who
joined Sabio in 2015, Helen rose through the ranks from Associate Director to SVP of Operations, before becoming the Executive Vice President of App Science. Simon Wong - Proposed EVP of Sabio - Simon is Sabio's Executive Vice President
and is responsible for leading product innovation, partnerships, inventory, marketing and
overall, the company's growth efforts globally. With nearly 10 years of digital advertising
experience, Simon has become a jack-of-all-trades specialist at Sabio. Kendra Low - Proposed Corporate Secretary of Sabio - Kendra has over 15 years of experience working in corporate and sustainability governance. An experienced corporate
secretary, corporate and sustainability governance professional and business strategist, she has
advised boards and managed the governance function for publicly-traded, go-public, private
and not-for-profit organizations through different phases of organizational growth including
start-up, financing and development. Most recently, Kendra co-founded Vancouver Corporate
Solutions Inc.