This presentation is provided solely for discussion and informational purposes in the context of a proposed collaboration between X Labs Partners LLC (“X Labs”) and Hitachi Ltd.(‘Hitachi”), as referenced in their Collaboration Agreement dated January 26, 2026 (the “Agreement”). It is intended to outline X Labs’s current vision for the creation of data-center infrastructure projects in the U.S. including the structure, mechanics, financing, construction, operation and targeted benefits, of such projects, generally, and a possible project in Utah, in particular. All elements of this presentation are subject to change as discussions and negotiations among all interested parties, as well as market conditions, economic climate and geopolitical events, evolve over time. Rather, this presentation is intended to function as a point of departure for discussions with a view to designing, finalizing and consummating one or more collaborative projects.
