Financing type:  non-brokered private placement

Offering:  $3,627,580

Conversion price:  The principal amount is convertible at a conversion price of five cents per share during the first year and at a conversion price of 10 cents per share in the second year and third year, respectively.

Maturity date:  Dec. 12, 2028

Interest rate:  12 per cent, calculated quarterly and paid at maturity or the conversion date, whichever comes first

Public disclosure:  Refer to the company's news releases dated May 12, 2025, Sept. 30, 2025, Nov. 12, 2025, Nov. 20, 2025, and Dec. 12, 2025.