eXeBlock arranges $2.4-million private placement

Mr. Ian Klassen reports EXEBLOCK TECHNOLOGY CORPORATION ANNOUNCES SUBSCRIPTION RECEIPT FINANCING IN CONNECTION WITH PROPOSED ACQUISITION OF AITENDERS eXeBlock Technology Corp. has arranged a non-brokered private placement of subscription receipts for aggregate gross proceeds of up to $2.4-million at a price of 58.33 cents per subscription receipt. The concurrent financing is being conducted in connection with the proposed share acquisition of Aitenders, announced on Dec. 23, 2025. It is anticipated that the transaction will constitute a fundamental change in accordance with Policy 8, Fundamental Changes and Changes of Business, of the Canadian Securities Exchange. All currency references herein are in Canadian currency unless otherwise specified. Upon satisfaction of applicable escrow release conditions, including, without limitation, satisfaction of all necessary conditions precedent to complete the transaction, each subscription receipt will automatically convert into one common share of the resulting issuer, Aitenders Technologies Inc., for no further consideration and without any further action by the holders thereof. The gross proceeds of the concurrent financing will be held in escrow by the subscription receipt agent pending satisfaction of the escrow release conditions. In the event the escrow release conditions are not satisfied or waived within the time period specified in the subscription receipt agreement, the gross proceeds of the concurrent financing will be returned to the subscribers in accordance with the terms of the subscription receipts. To facilitate the concurrent financing, the company has entered into an agreement with Numus Capital Corp., a registered exempt market dealer, to act as agent for the concurrent financing. The company has agreed to pay to the agent a cash fee equal to 7 per cent of proceeds raised and to issue compensation warrants entitling the agent to purchase that number of shares as is equal to 7 per cent of the subscription receipts from investors introduced by the agent. Each compensation warrant will be exercisable into a share of the company at 58.33 cents per share for a period of 24 months from closing. The concurrent financing is subject to the receipt of all necessary approvals, including the approval of the exchange, and all securities issued pursuant to the concurrent financing will be subject to a four-month-and-one-day hold period. Other information and updates In accordance with exchange policy, the company's shares are halted from trading and will remain halted until such time as determined by the exchange, which, depending on the policies of the exchange, may not occur until the completion of the transaction. The company will provide further details in respect of the transaction, in due course, by way of news releases. About eXeBlock Technology Corp. eXeBlock is listed on the CSE under the symbol XBLK.X. eXeBlock is a technology company exploring new technology initiatives. eXeBlock has no current business operations. All information contained in this news release with respect to eXeBlock and Aitenders was supplied by the parties, respectively, for inclusion herein, and eXeBlock and its respective directors and officers have relied on Aitenders for any information concerning such party. We seek Safe Harbor.