Representative Matters

Alset AI Ventures Secures Debenture Financing

On February 24, 2026, Alset AI Ventures Inc. (TSXV: GPUS) (the "Company"), an artificial intelligence venture company advancing innovation through strategic investment and cloud computing solutions, entered into definitive documentation in connection with a debenture financing transaction (the "Loan Transaction"). Pursuant to the Loan Transaction, the lender (the "Lender") will purchase, in multiple tranches, non-convertible debentures of the Company for an aggregate principal amount of up to a predetermined maximum.

The Debentures will bear interest at a rate of 6.0% per annum from the applicable issuance date (each, an "Issuance Date") and will mature on the date that is three years following the applicable Issuance Date. In connection with each tranche, the Company also agreed to issue to the Lender non-transferrable warrants, with each warrant exercisable into one common share at the applicable exercise price for a period of three years from the applicable Issuance Date.

Aird & Berlis represented Alset AI Ventures Inc. with a team led by Adria Leung Lim and including Ryan Cohen and Ali Kwinter (Capital Markets).