Universal Digital Announces Amended and Restated Promissory Note with Conversion Rights

Vancouver, British Columbia--(Newsfile Corp. - May 20, 2026) - Universal Digital Inc. (CSE: LFG) (OTCQB: LFGMF) (FSE: 8R20) ("Universal Digital" or the "Company") announces that it has signed an amended and restated promissory note with conversion rights dated May 20, 2026 with Helena Global Investment Opportunities 1 Ltd. ("Helena"), an arm's length party. The amended note amends and restates the promissory note issued to Helena on January 27, 2026 and is conditional upon acceptance by the Canadian Securities Exchange ("CSE").

If accepted by the CSE, the amended note will extend the maturity date to August 15, 2026, increase the principal amount from US$300,000 to US$325,000 to reflect a US$25,000 extension fee added to principal, and add conversion rights at C$0.065 per common share. The amended note will continue to bear interest at 6% per annum and remain secured by the pledge agreement dated January 27, 2026.

Helena may convert all or any portion of the outstanding amount under the amended note into common shares of the Company at C$0.065 per share, subject to required approvals. On a change of control transaction, any outstanding amount will automatically convert at C$0.065 per share, subject to required approvals. Any common shares issued on conversion will be subject to a statutory hold period under National Instrument 45-102, any applicable CSE hold period and any legends or resale restrictions required under applicable securities laws and CSE policies. No common shares will be issued at closing, no new cash proceeds will be received by the Company, and no finder's fees are payable in connection with the amendment.

About Universal Digital Inc.

Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.

For further information contact:

Chris Yeung
Chief Executive Officer and Director
Email: [e-mail]
Phone: [phone]
www.universaldigital.io

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

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