Mr. Kwin Grauer reports

UNISERVE SECURES STRATEGIC LEASE TO BUILD 2MW DATA CENTRE, ANCHORING NATIONAL EXPANSION

Uniserve Communications Corp. has entered into a lease with 369 Terminal Holdings Ltd. for a new state-of-the-art data centre development in Vancouver, B.C.

As stated in the company's news release of Sept. 3, 2025, under the terms of the lease, Uniserve will lease 10,000 square feet of premium space at 369 Terminal Ave. The new facility is designed to power the next-generation AI (artificial intelligence) workloads, high-density compute and the digital economy at scale.

As part of the agreement, the landlord is providing a $1-million lease inducement to support the capital buildout of the advanced facility and a $1-million forgivable loan in consideration for one million warrants in the company convertible into one million common shares at 60 cents per share for a one-year term.

This new facility is the cornerstone of Uniserve's national data centre expansion strategy, with additional projects already under evaluation in major Canadian markets. By establishing high-density, AI-ready capacity in Vancouver, Uniserve is positioning itself at the heart of Canada's sovereign digital and AI infrastructure buildout -- a market expected to scale rapidly as enterprises and institutions accelerate AI adoption.

"This lease represents a transformational step for Uniserve," said Kwin Grauer, interim chief executive officer of Uniserve. "It allows us to immediately advance construction of a flagship facility that will support both conventional enterprise workloads and the explosive demand for AI compute. With two megawatts of initial capacity, this site positions Uniserve as a critical player in the next wave of Canadian AI infrastructure."

Strategic significance:

• Two megawatts of scalable AI-ready power in downtown Vancouver, a key North American technology hub;
• Financially accretive structure with $2-million in combined landlord incentives, strengthening Uniserve's balance sheet and growth runway;
• National expansion platform with future facilities under review in other Tier 1 Canadian markets;
• Long-term growth tailwinds from accelerating AI adoption, digital transformation and sovereign cloud demand.

Pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, this transaction is considered a related party transaction as the landlord is an insider of the company. As the fair market value of the transaction is not more than 25 per cent of the company's market capitalization, this related party transaction is exempt from the formal valuation requirement of Section 5.4 of MI 61-101 and the minority shareholder approval requirement of Section 5.6 of MI 61-101.

About Uniserve Communications Corp.

Uniserve delivers secure, reliable and customized IT (information technology) solutions that power your business forward. With offices in Vancouver, Calgary and Waterloo, Uniserve provides a full suite of services across three core verticals: data centre solutions, managed IT services, and business Internet. The company's data centre infrastructure ensures maximum uptime, security and scalability -- so when your IT runs right, your people and your business thrive.

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