Mr. Antonio Baldassarre reports

UNIDOC PROVIDES UPDATE ON MARKETING ENGAGEMENT

Unidoc Health Corp. has provided an update on its renewed engagement of Rumble Strip Media Inc.

Further to the news release of April 3, 2025, the company believes that its renewed engagement of Rumble is in compliance with Policy 7.2 of the Canadian Securities Exchange as the company believes that the renewed engagement of Rumble is consistent with its financial resources and level of operations for the reasons outlined herein.

Since its engagement with Rumble started in April, 2024, the company has expended approximately $3.84-million on Rumble's investor relations marketing services. Rumble's services have primarily consisted of the creation of digital landing pages, highlighting information about the company and undertaking digital marketing campaigns to increase potential investor awareness of the company. The company's rationale for incurring these marketing expenditures is to maximize its ability to convert outstanding warrants into cash. The company was successful in this initiative and was able to convert the majority (over 90 per cent) of the outstanding warrants resulting in gross proceeds of approximately $8.8-million.

While the company has begun commercial sales and expects to increase its marketing budget for product awareness in the coming periods, the company is not yet cash flow positive and cannot sustain operations from revenue alone. Since inception, it has relied on raising funds through the issuance of equity and exercise of in-the-money warrants, and will need to continue to do so going forward. The company has raised a total of approximately $3.7-million from private placements and a further $9.7-million from the exercise of convertible securities since incorporation in 2021. The company's ability to continue to raise capital through private placements and convertible securities depends in large part on maintaining liquidity in its stock, which is greatly assisted through undertaking investor awareness campaigns. The majority of the approximately $8.8-million in funds raised by the company since Rumble's engagement in April, 2024, has gone into, or has been allocated toward, the company's general and administrative (including office and administration, consulting fees, professional fees, and travel and entertainment) (approximately $1.4-million) and investor relations services (approximately $3.4-million). While the chief executive officer's and other team members' salaries and travel expenses are not reflected in the financial statements as product marketing, a significant portion is attributable to those activities.

Further, the company is pleased with its transition from development to sales and is extremely pleased that it expects to report its first revenue in fiscal fourth quarter, which validates the efficacy of its product and buy-in from consumers. To date, the company has received purchase orders from four separate arm's-length end customers for an aggregate of 16 H3 Health Cube booths (two of such purchase orders came through a related party reseller UniCheck Srl) and has completed delivery of three of these booths. The company expects to record revenue in Q4 related to two of these booths delivered to its reseller UniCheck. The company donated the third booth to the end customer and, therefore, does not expect to record corresponding revenue.

In light of its increase in operations, commencement of commercial sales and successful financing activities, the company believes that its investor relations marketing expenditures are both necessary and proportionate with both its level of operations and financial resources. That notwithstanding, given the natural long sales cycle for procuring and executing on sales in multiple health jurisdictions, there is a lag effect between marketing timing and sales timing that is currently normalizing as purchase are being fulfilled. Management expects investor relations marketing expenditures to significantly decrease and operational expenditures to significantly increase over the coming quarters.

About Unidoc Health Corp.

Unidoc is developing an e-health solution which is being designed as a self-contained remote virtual clinic within a private kiosk for patients to undergo full consultations as if they were present in a physician's office. E-health opens the doors to a large segment of the population challenged by access, experience or understanding of on-line computer technology. It is the company's belief that physical accessibility is the key to its business proposition. Unidoc is dedicated to unlocking shareholder value by delivering an excellent product and sophisticated commercial network within an expedited time frame.

We seek Safe Harbor.