FORM 7 MONTHLY PROGRESS REPORT

FORM 7

MONTHLY PROGRESS REPORT

Name of CNSX Issuer: MOBI724 GLOBAL SOLUTIONS INC. (“Mobi” or the “Issuer”) Trading Symbol: MOS

Number of Outstanding Listed Securities: 94,501,715 Common Shares Date: January 27, 2015

REPORT ON BUSINESS

1. Provide a general overview and discussion of the development of the Issuer’s business and operations over the previous month. Where the Issuer was inactive disclose this fact.

On December 7, 2015, the Issuer completed a Third Tranche private placement of

$400,000 forming part of the $3,000,000 financing authorized in June 2015. Pursuant to the private placement, 4,848,485 common shares of the Issuer were issued at a price of

$0.0825. The subscriber received one (1) common share purchase warrant for every common share issued exercisable at a price of $0.0825 no later than March 31, 2016. The common shares were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the CSE and will be subject to a four-month hold period from the date of closing.

On December 22, 2015, the Issuer successfully completed the acquisition of 100% of the issued and outstanding shares of IQ 7/24 Inc. (the “Shares of IQ 7/24”), a leading Canadian provider of loyalty and customer-engagement solutions. The transaction is subject to the procedural formality of IQ 7/24 obtaining approval from its two (2) financial institutions.

The transaction includes an equity investment of $500,000 by the Issuer in IQ 7/24 (the

“Equity Investment”), exclusively for the purpose of growing IQ 7/24’s business. An initial

$100,000 of the Equity Investment was disbursed at the date of the closing of the

transaction on December 22, 2015, a second tranche of $150,000 of the Equity Investment

was paid on December 31, 2015 and the remaining amount of $250,000 of the Equity

Investment will be disbursed in 3 instalments in January, February and March 2016. The

purchase price for the Shares of IQ 7/24 will be paid in 2018 and will be based on agreed

upon multiples of the revenue generated by IQ 7/24 in 2017 and during the first 6 months

price (the “Balance”) will be paid 70% in cash and 30% in common shares of the Issuer however the sellers have the option of receiving a larger percentage of the Balance in common shares of Mobi724 and a lower percentage of the Balance in cash.

In addition to creating a gain in operational efficiencies, through the sharing of datacentre, administrative and operating facilities, this acquisition will enable the Issuer to incorporate IQ 7/24's portfolio of global brands, as well as a full suite of additional loyalty functionalities, into the Issuer’s portfolio of solutions, including data analytics and expertise and rules based transactional platform. This acquisition will also add IQ 7/24’s proven capabilities to leverage data intelligence functionalities to enhance the global portfolio profitability of Mobi724’s primary segment (payment card issuers’ cards). The additional bandwidth of resources afforded to the Issuer as a result of this acquisition will contribute to its growth in the sector.

On December 24, 2015, the Issuer also successfully closed a Fourth Tranche private placement of $662,000 forming part of the $3,000,000 financing authorized in June 2015 of which $2,147,704 (including the funds raised through the secured convertible debenture issuance) has been raised to date. Pursuant to the private placement, 8,024,242 common shares of the Issuer were issued at a price of $0.0825. Some holders of the Fourth Tranche also received one (1) common share purchase warrant for every common share issued exercisable at a price of $0.0825 no later than March 31, 2016. The common shares were sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the CSE and will be subject to a four month hold period from the date of closing.

On December 24, 2015, the Issuer also announced that together with the closing of the Fourth Tranche private placement, the Issuer has issued 1,359,689 common shares in the capital of the Issuer at a price per share of $0.1125 conversion of bona fide debt related to arm`s length consultant services and fees. The securities of the Issuer issued pursuant to the private placement are subject to a four-month hold period. The consultants who have accepted common shares have satisfied the purchase price for the common shares by way of set-off of an aggregate amount equal to $152,965. The Issuer is extinguishing debts through the issuance of common shares as a means to reduce the level of accounts payable while preserving cash.

In the reporting month, management’s focus was also to continue to grow the Issuer’s sales pipeline by signing pending sales contracts and acquiring new client accounts.

2. Provide a general overview and discussion of the activities of management.

Management was actively engaged in all general administrative and sundry duties of the

Issuer.

3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.

The Issuer is focused on its original two (2) core solutions – payment and couponing / card-links offers.

4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned.

During the reporting month no new products or services were discontinued.

5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.

The Issuer continues to make progress with respect to the activities published in the last Form 7.

The Issuer continues to make progress towards implementing its technologies and solutions in Latin America, Asia, the Middle East and Africa.

The Issuer is in discussion with groups in Canada and in USA to deploy its technologies and solutions in North America in 2016.

6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have been previously announced.

In the reporting month there has not been any expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements with the exception that, prior to the completion of the aforementioned transaction with IQ 7/24, the parties agreed that the Issuer would issue 2,000,000 common shares of the Issuer at a price per share of $0.05 to convert a bona fide debt owed by the Issuer to IQ 7/24. The 2,000,000 common shares of the Issuer issued pursuant to this conversion of debt are subject to a four-month hold period.

7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred

during the preceding month. Provide details of the nature of the assets acquired or disposed

of and provide details of the consideration paid or payable together with a schedule of

payments if applicable, and of any valuation. State how the consideration was determined

and whether the acquisition was from or the disposition was to a Related Person of the

Issuer and provide details of the relationship.

8. Describe the acquisition of new customers or loss of customers.

The Issuer has not lost any customers during the reporting month.

9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and trade-marks.

The Issuer received confirmation of interest from prospects for a new mobile payment solution. This solution is presently in development and is expected to be launched in Q2 2016. The Issuer signed a contract to leverage its gateway in the Philippines and is in the process of integrating same.

10. Report on any employee hiring’s, terminations or lay-offs with details of anticipated length of lay-offs.

During the reporting month, the Issuer has not terminated or laid-off any employees. The Issuer is seeking additional technical resources to fulfil its needs.

11. Report on any labour disputes and resolutions of those disputes if applicable.

The Issuer was not involved in any labour disputes during the reporting month.

12. Describe and provide details of legal proceedings to which the Issuer became a party, including the name of the court or agency, the date instituted, the principal parties to the proceedings, the nature of the claim, the amount claimed, if any, if the proceedings are being contested, and the present status of the proceedings.

Contestation of the legal proceedings instituted on July 8, 2014 by Jeffrey Anthony, a former consultant, is ongoing. This claim, which is being vigorously contested by the Issuer, is an action on account for alleged lost commissions in the amount of $449,297.05.

UseMyServices Inc. homologated a transaction with respect to the payment of a balance owing in the amount of $250,000.00. This transaction was entered into pursuant to December 4, 2013 judgment against the Issuer. This file is currently ongoing.

On December 23, 2015, Nick Chine instituted legal proceedings in Superior Court (docket:

500-17-092139-156) against the Issuer claiming alleged unpaid commissions in the

amount of $243,620.08 in relation to funds raised by investors brought in by Pierre

McMaster, the whole pursuant to a commission letter dated November 30, 2010. The Issuer

is contesting the claim.

13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms of such indebtedness.

During the reporting month there has been no indebtedness incurred or repaid.

14. Provide details of any securities issued and options or warrants granted.

Security Number Issued Details of Issuance Use of Proceeds

Common Shares 12,872,727

Common Shares 3,014,640

Warrants

Issuance at $0.0825 Warrants: (exercise price: $0.0825 expire March 31, 2016)

$1,061,999.96 Working capital, operations and to fulfil obligations of

the Issuer Common Shares 2,000,000

Common Shares

Issuance at $0.05 Debt forgiveness pursuant to buy back of license agreement (I.Q. 724 Inc.

transaction:

($100,000)

N/A

Common Shares 1,359,690 Common Shares

Forgiveness of debt in the amount of

$152,965.10 Common Shares issued at prices between $0.1125

N/A

Stock Options 2,200,000 Exercise price $0.15 expire on December 9, 2020 (Directors)

N/A Stock options 1,005,000 Exercise price $0.15

expire on December 9, 2020 (employees)

N/A (1) State aggregate proceeds and intended allocation of proceeds.

15. Provide details of any loans to or by Related Persons.

In the reporting month, the Issuer has not received loans to or by Related Persons.

16. Provide details of any changes in directors, officers or committee members.

During the reporting month there have been one (1) board meeting on December 7, 2015 and no board committee meetings.

17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s

Certificate Of Compliance

The undersigned hereby certifies that:

1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.

2. As of the date hereof there is no material information concerning the Issuer which has not been publicly disclosed.

3. The undersigned hereby certifies to CNSX that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all CNSX Requirements (as defined in CNSX Policy 1).

4. All of the information in this Form 7 Monthly Progress Report is true.

Dated : January 27

2015 Marcel Vienneau __________

Name of Director or Senior Officer (s) Marcel Vienneau

Signature

President and CEO Official Capacity Issuer Details

Name of Issuer

MOBI724 GLOBAL SOLUTIONS INC.

For Month End December 1

2015 to

December 31

, 2015

Date of Report YY/MM/D 2016/01/27 Issuer Address

257 Sherbrooke East 4th Floor City/Province/Postal Code Montreal/Quebec/ H2X 1E3

Issuer Fax No.

514-419-6686

Issuer Telephone No.

(514) 394-5200 Contact Name

Marcel Vienneau

Contact Position CEO

Contact Telephone No (514) 394-5200 Contact Email Address

[email protected]

Web Site Address

www.mobi724globalsolutions.com