Mr. Matthew Priebe reports

NEXTGEN SIGNS LOI WITH RESI LABS TO SCALE AI REAL ESTATE SUBNET ON BITTENSOR

Nextgen Digital Platforms Inc. has entered into a non-binding letter of intent (LOI) with Resi Inc., operators of Bittensor Subnet 46, to explore the formation of a potential joint venture (JV) to further develop and scale Resi's AI-based real estate intelligence platform.

Resi generates revenue by providing AI-driven property data and analytics to participants in the real estate market. If completed, the proposed JV is expected to allow Resi to focus on technology development and infrastructure, while Nextgen would contribute resources toward enterprise sales, marketing and go-to-market activities.

Transaction overview

Under the terms of the non-binding LOI, Nextgen and Resi intend to negotiate a definitive agreement that is expected to include the following elements:

• Nextgen intends to invest $200,000 (U.S.) in Resi through a simple agreement for future equity with a $20-million (U.S.) valuation cap. Proceeds from this investment are expected to be allocated 75 per cent to working capital of the JV and 25 per cent to Nextgen's sales and business development activities in support of the JV.
• Nextgen plans to purchase $100,000 (U.S.) of Resi's Alpha tokens (the subnet-specific token of Subnet 46). These tokens will be subject to a six-month lockup period.
• The parties intend to form a new British Columbia corporation, owned 50/50 by Nextgen and Resi, to manage commercialization, enterprise contracts, integrations and revenue-sharing arrangements.
• Nextgen will have a non-voting board observer seat, receive quarterly reports and participate in weekly co-ordination calls with the JV team.

The parties intend to use their best efforts to execute definitive agreements within 30 days of signing the LOI.

The proposed structure is intended to align Nextgen with Resi's commercial growth, providing potential exposure to both Resi's Bittensor subnet and future revenues that may result from adoption of its AI-based real estate platform.

"Resi has developed a practical implementation of Bittensor technology. Rather than focusing on theoretical applications of AI and decentralization, the company has built a functioning subnet designed to ingest, verify and monetize real estate intelligence at scale, and has reported early commercial activity," said Matthew Priebe, chief executive officer of Nextgen.

"Resi's approach seeks to apply decentralized computing and crypto-economic incentives to one of the world's largest and most fragmented asset classes -- real estate -- by creating an open data network that other developers can build upon. We believe this model has the potential to improve access to property information, mortgage risk data, valuations and insurance analytics, using decentralized systems rather than traditional centralized infrastructure."

Leadership at Resi

Resi is led by Seby Rubino, who has substantive experience in machine learning, real estate technology, decentralized systems and digital incentive design. His background in AI and tokenized data networks has supported the development of Resi's scalable subnet model. Nextgen believes this experience will be valuable in pursuing both technical and commercial opportunities.

Strategic significance

If completed, the proposed partnership is expected to expand Nextgen's participation in the Bittensor ecosystem, which the company believes represents a growing decentralized AI network where subnets compete to deliver specialized intelligence and earn TAO rewards. Together with its previously announced TAO staking initiative with RoundTable21 on Sept. 23, 2025, the potential Resi transaction would further extend the company's exposure to both the infrastructure and application layers of this developing sector.

Completion of the proposed transaction remains subject to the negotiation and execution of a definitive agreement, receipt of all necessary regulatory approvals (including approval of the Canadian Securities Exchange), and satisfaction of other customary conditions. There can be no assurance that a definitive agreement will be entered into on the terms described herein or at all. The company will provide additional details as required by applicable securities laws.

About Nextgen Digital Platforms Inc.

Nextgen Digital Platforms is a publicly listed fintech and digital-asset company providing investors with exposure to a diversified portfolio of Web3 technologies, blockchain infrastructure and digital assets. The company is committed to developing innovative, regulated financial structures that align with the future of decentralized finance while prioritizing transparency, compliance and shareholder value creation. Nextgen also operates PCSections.com, an e-commerce platform, and Cloud AI Hosting, a hardware-as-a-service business supporting the artificial intelligence sector.

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