| (1)   | You are depositing the securities (the “escrow securities”) listed opposite your name in Schedule “A” with the Escrow Agent to be held in escrow under this Agreement.  You will immediately deliver or cause to be delivered to the Escrow Agent any share certificates or other evidence of these securities which you have or which you may later receive. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | If you receive any other securities (the “additional escrow securities”): |
|-----------------|---------------------------------------------------------------------------------------|

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| (a)   | as a dividend or other distribution on escrow securities; |
|-----------------|-----------------------------------------------------------|

| (b)   | on the exercise of a right of purchase, conversion or exchange attaching to escrow securities, including securities received on conversion of special warrants; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | on a subdivision or compulsory or automatic conversion or exchange of escrow securities; or |
|-----------------|---------------------------------------------------------------------------------------------|

| (d)   | from a successor issuer in a business combination, if Part 5 of this Agreement applies, |
|-----------------|-----------------------------------------------------------------------------------------|

| (3)   | You will immediately deliver to the Escrow Agent any replacement share certificates or other evidence of additional escrow securities issued to you. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------|

| On the date the Issuer’s securities are listed on the TSX (the “listing date”) | 1/4 of your escrow securities           |
|-------------------------------------------------------------------------------------------------------|-----------------------------------------|
| 6 months after the listing date                                                                       | 1/3 of your remaining escrow securities |
| 12 months after the listing date                                                                      | 1/2 of your remaining escrow securities |
| 18 months after the listing date                                                                      | your remaining escrow securities        |

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| (1)   | If a Securityholder dies, the Securityholder’s escrow securities will be released from escrow.  The Escrow Agent will deliver any share certificates or other evidence of the escrow securities in the possession of the Escrow Agent to the Securityholder’s legal representative. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Prior to delivery, the Escrow Agent must receive: |
|-----------------|---------------------------------------------------|

| (a)   | a certified copy of the death certificate; and |
|-----------------|------------------------------------------------|

| (b)   | any evidence of the legal representative’s status that the Escrow Agent may reasonably require. |
|-----------------|-------------------------------------------------------------------------------------------------------|

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| (1)   | You may transfer escrow securities within escrow to existing or, upon their appointment, incoming directors or senior officers of the Issuer or any of its material operating subsidiaries, if the Issuer’s board of directors has approved the transfer. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Prior to the transfer, the Escrow Agent must receive: |
|-----------------|-------------------------------------------------------|

| (a)   | a certified copy of the resolution of the board of directors of the Issuer approving the transfer; |
|-----------------|----------------------------------------------------------------------------------------------------|

| (b)   | a certificate signed by a director or officer of the Issuer authorized to sign stating that the transfer is to a director or senior officer of the Issuer or a material operating subsidiary and that any required approval from the TSX has been received; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | an acknowledgment in the form of Schedule “B” signed by the transferee; |
|-----------------|-------------------------------------------------------------------------------------|

| (d)   | a copy of the letter sent to the TSX described in subsection (3) accompanying the acknowledgement; and |
|-----------------|--------------------------------------------------------------------------------------------------------|

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| (e)   | a transfer power of attorney completed and executed by the transferor in accordance with the requirements of the Issuer’s transfer agent. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | At least ten (10) days prior to the transfer, the Issuer will file a copy of the acknowledgement with the TSX. |
|-----------------|----------------------------------------------------------------------------------------------------------------|

| (1)   | You may transfer escrow securities within escrow: |
|-----------------|---------------------------------------------------|

| (a)   | to a person or company that before the proposed transfer holds more than 20% of the voting rights attached to the Issuer’s outstanding securities; or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | to a person or company that after the proposed transfer: |
|-----------------|----------------------------------------------------------|

| (i)   | will hold more than 10% of the voting rights attached to the Issuer’s outstanding securities; and |
|-----------------|---------------------------------------------------------------------------------------------------------|

| (ii)   | has the right to elect or appoint one or more directors or senior officers of the Issuer or any of its material operating subsidiaries. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Prior to the transfer, the Escrow Agent must receive: |
|-----------------|-------------------------------------------------------|

| (a)   | a certificate signed by a director or officer of the Issuer authorized to sign stating that: |
|-----------------|----------------------------------------------------------------------------------------------|

| (i)   | the transfer is to a person or company that the officer believes, after reasonable investigation, holds more than 20% of the voting rights attached to the Issuer’s outstanding securities before the proposed transfer; or |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   | the transfer is to a person or company that: |
|------------------|----------------------------------------------|

| (A)   | the officer believes, after reasonable investigation, will hold more than 10% of the voting rights attached to the Issuer’s outstanding securities; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | has the right to elect or appoint one or more directors or senior officers of the Issuer or any of its material operating subsidiaries after the proposed transfer; and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | any required approval from the TSX has been received; |
|-------------------|-------------------------------------------------------|

| (b)   | an acknowledgment in the form of Schedule “B” signed by the transferee; |
|-----------------|-------------------------------------------------------------------------------------|

| (c)   | a copy of the letter sent to the TSX described in subsection (3) accompanying the acknowledgement; and |
|-----------------|--------------------------------------------------------------------------------------------------------|

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| (d)   | a transfer power of attorney executed by the transferor in accordance with the requirements of the Issuer’s transfer agent. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------|

| (3)   | At least ten (10) days prior to the transfer, the Issuer will file a copy of the acknowledgement with the TSX. |
|-----------------|----------------------------------------------------------------------------------------------------------------|

| (1)   | You may transfer escrow securities within escrow to a trustee in bankruptcy or another person or company entitled to escrow securities on bankruptcy. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Prior to the transfer, the Escrow Agent must receive: |
|-----------------|-------------------------------------------------------|

| (a)   | a certified copy of either: |
|-----------------|-----------------------------|

| (i)   | the assignment in bankruptcy filed with the Superintendent of Bankruptcy; or |
|-----------------|------------------------------------------------------------------------------|

| (ii)   | the receiving order adjudging the Securityholder bankrupt; |
|------------------|------------------------------------------------------------|

| (b)   | a certified copy of a certificate of appointment of the trustee in bankruptcy; |
|-----------------|--------------------------------------------------------------------------------|

| (c)   | a transfer power of attorney completed and executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | an acknowledgment in the form of Schedule “B” signed by: |
|-----------------|----------------------------------------------------------------------|

| (i)   | the trustee in bankruptcy; or |
|-----------------|-------------------------------|

| (ii)   | on direction from the trustee, with evidence of that direction attached to the acknowledgment form, another person or company legally entitled to the escrow securities. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | Within ten (10) days after the transfer, the transferee of the escrow securities will file a copy of the acknowledgment with the TSX. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 3.2 to that financial institution as collateral for a loan on realization of the loan. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Prior to the transfer, the Escrow Agent must receive: |
|-----------------|-------------------------------------------------------|

| (a)   | a statutory declaration of an officer of the financial institution that the financial institution is legally entitled to the escrow securities; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

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| (b)   | a transfer power of attorney executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | an acknowledgement in the form of Schedule “B” signed by the financial institution. |
|-----------------|-------------------------------------------------------------------------------------------------|

| (3)   | Within ten (10) days after the transfer, the transferee of the escrow securities will file a copy of the acknowledgment with the TSX. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | You may transfer escrow securities within escrow to or between a registered retirement savings plan (RRSP), registered retirement income fund (RRIF) or other similar registered plan or fund with a trustee, where the annuitant of the RRSP or RRIF, or the beneficiaries of the other registered plan or fund are limited to you and your spouse, children and parents, or, if you are the trustee of such registered plan or fund, to the annuitant of the RRSP or RRIF, or a beneficiary of the other registered plan or fund, as applicable, or his or her spouse, children and parents. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Prior to the transfer, the Escrow Agent must receive: |
|-----------------|-------------------------------------------------------|

| (a)   | evidence from the trustee of the transferee plan or fund, or the trustee’s agent, stating that, to the best of the trustee’s knowledge, the annuitant of the RRSP or RRIF, or the beneficiaries of the other registered plan or fund do not include any person or company other than you and your spouse, children and parents; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | a transfer power of attorney executed by the transferor in accordance with the requirements of the Issuer’s transfer agent; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | an acknowledgement in the form of Schedule “B” signed by the trustee of the plan or fund. |
|-----------------|-------------------------------------------------------------------------------------------------------|

| (3)   | Within ten (10) days after the transfer, the transferee of the escrow securities will file a copy of the acknowledgment with the TSX. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------|

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| (1)   | a formal take-over bid for all outstanding equity securities of the Issuer or which, if successful, would result in a change of control of the Issuer; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | a formal issuer bid for all outstanding equity securities of the Issuer; |
|-----------------|--------------------------------------------------------------------------|

| (3)   | a statutory arrangement; |
|-----------------|--------------------------|

| (4)   | an amalgamation; |
|-----------------|------------------|

| (5)   | a merger; and |
|-----------------|---------------|

| (6)   | a reorganization that has an effect similar to an amalgamation or merger. |
|-----------------|---------------------------------------------------------------------------|

| (1)   | a written direction signed by you that directs the Escrow Agent to deliver to the depositary under the business combination any share certificates or other evidence of the escrow securities and a completed and executed cover letter or similar document and, where required, transfer power of attorney completed and executed for transfer in accordance with the requirements of the depositary and any other documentation specified or provided by you and required to be delivered to the depositary under the business combination; and |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | any other information concerning the business combination as the Escrow Agent may reasonably request. |
|-----------------|-------------------------------------------------------------------------------------------------------|

| (1)   | identifies the escrow securities that are being tendered; |
|-----------------|-----------------------------------------------------------|

| (2)   | states that the escrow securities are held in escrow; |
|-----------------|-------------------------------------------------------|

| (3)   | states that the escrow securities are delivered only for the purposes of the business combination and that they will be released from escrow only after the Escrow Agent receives the information described in section 5.4; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | if any share certificates or other evidence of the escrow securities have been delivered to the depositary, requires the depositary to return to the Escrow Agent, as soon as |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (5)   | where applicable, requires the depositary to deliver or cause to be delivered to the Escrow Agent, as soon as practicable, any share certificates or other evidence of additional escrow securities that you acquire under the business combination. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | the terms and conditions of the business combination have been met or waived; and |
|-----------------|-----------------------------------------------------------------------------------|

| (2)   | the escrow securities have either been taken up and paid for or are subject to an unconditional obligation to be taken up and paid for under the business combination. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | the successor issuer is not classified by the TSX as an exempt issuer; |
|-----------------|------------------------------------------------------------------------|

| (2)   | you are a principal of the successor issuer; and |
|-----------------|--------------------------------------------------|

| (3)   | you hold more than 1% of the voting rights attached to the successor issuer’s outstanding securities (in calculating this percentage, include securities that may be issued to you under outstanding convertible securities in both your securities and the total securities outstanding). |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | As soon as reasonably practicable after the Escrow Agent receives: |
|-----------------|--------------------------------------------------------------------|

| (a)   | a certificate from the successor issuer signed by a director or officer of the successor issuer authorized to sign: |
|-----------------|---------------------------------------------------------------------------------------------------------------------|

| (i)   | stating that it is a successor issuer to the Issuer as a result of a business combination; and |
|-----------------|------------------------------------------------------------------------------------------------|

| (ii)   | listing the Securityholders whose new securities are subject to escrow under section 5.5, |
|------------------|-------------------------------------------------------------------------------------------|

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| (2)   | If your new securities are subject to escrow, the Escrow Agent will hold your new securities in escrow on the same terms and conditions, including release dates, as applied to the escrow securities that you exchanged. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | If the Escrow Agent wishes to resign as escrow agent, the Escrow Agent will give written notice to the Issuer. |
|-----------------|----------------------------------------------------------------------------------------------------------------|

| (2)   | If the Issuer wishes to terminate the Escrow Agent as escrow agent, the Issuer will give written notice to the Escrow Agent. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------|

| (3)   | If the Escrow Agent resigns or is terminated, the Issuer will be responsible for ensuring that the Escrow Agent is replaced not later than the resignation or termination date by another escrow agent that is acceptable to the TSX and that has accepted such appointment, which appointment will be binding on the Issuer and the Securityholders. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | The resignation or termination of the Escrow Agent will be effective and the Escrow Agent will cease to be bound by this Agreement on the date that is sixty (60) days after the date of receipt of the notices referred to above by the Escrow Agent or Issuer, as applicable, or on such other date as the Escrow Agent and the Issuer may agree upon (the “resignation or termination date”), provided that the resignation or termination date will not be less than ten (10) business days before a release date. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | If the Issuer has not appointed a successor escrow agent within sixty (60) days of the resignation or termination date, the Escrow Agent may apply, at the Issuer’s expense, to a court of competent jurisdiction for the appointment of a successor escrow agent and the duties and responsibilities of the Escrow Agent will cease immediately upon such appointment. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6)   | On any new appointment under this section, the successor Escrow Agent will be vested with the same powers, rights, duties and obligations as if it had been originally named herein as Escrow Agent, without any further assurance, conveyance, act or deed.  The predecessor Escrow Agent, upon receipt of payment for any outstanding account for its services and expenses then unpaid, will transfer, deliver and pay over to the successor Escrow Agent, who will be entitled to receive, all securities, records or other property on deposit with the predecessor Escrow Agent in relation to this Agreement and the predecessor Escrow Agent will thereupon be discharged as Escrow Agent. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)   | If any changes are made to Part 7 of this Agreement as a result of the appointment of the successor Escrow Agent, those changes must not be inconsistent with the Policy and the |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (1)   | The Escrow Agent shall not be liable for or by reason of any statements of fact or recitals in this Agreement and all such statements and recitals are and shall be deemed to be made by the other Parties to this Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The Escrow Agent will have the right not to act and will not be liable for refusing to act unless it has received clear and reasonable documentation that complies with the terms of this Agreement. Such documentation must not require the exercise of any discretion or independent judgment. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The Escrow Agent will have no responsibility for seeking, obtaining, compiling, preparing or determining the accuracy of any information or document, including the representative capacity in which a party purports to act, that the Escrow Agent receives as a condition to a release from escrow or a transfer of escrow securities within escrow under this Agreement. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | The Escrow Agent will have no duties or responsibilities except as expressly provided in this Agreement and will have no duty or responsibility under the Policy or arising under any other agreement, including any agreement referred to in this Agreement, to which the Escrow Agent is not a party. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5)   | In the event of any disagreement arising under the terms of this Agreement, the Escrow Agent will be entitled, at its option, to refuse to comply with any and all demands |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (6)   | The Escrow Agent will have no responsibility with respect to any escrow securities in respect of which no share certificate or other evidence of these securities has been delivered to it. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7)   | The Escrow Agent will have no responsibility for escrow securities that it has released to a Securityholder or at a Securityholder’s direction according to this Agreement. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8)   | The Escrow Agent will not be bound by any notice of a claim or demand with respect thereto, or any waiver, modification, amendment, termination or rescission of this Agreement unless received by it in writing, and signed by the other Parties and approved by the TSX, and, if the duties or indemnification of the Escrow Agent in this Agreement are affected, unless it has given its prior written consent. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9)   | Notwithstanding any provisions contained in this Agreement, if the Escrow Agent continues to hold the escrow securities in escrow after five (5) years from the date of this Agreement, then the Escrow Agent shall return the escrow securities to the Issuer to be held in trust for the Securityholders and the duties and obligations of the Escrow Agent under this Agreement shall cease immediately. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (1)   | The Issuer and each Securityholder hereby agree, jointly and severally, to indemnify and hold harmless the Escrow Agent, its officers, directors, and employees from and against any liability, loss, claim, action, cost and expense, including legal fees and disbursements, (collectively, the “Liabilities”) which may be asserted against them arising from or out of this Agreement; provided that the Issuer and each Securityholder shall not be required to indemnify the Escrow Agent in the event that such Liabilities are a result of the gross negligence or wilful misconduct of the Escrow Agent. This provision shall survive the resignation or removal of the Escrow Agent or the termination of this Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The Escrow Agent will not be liable to any of the Parties hereunder for any action taken or omitted to be taken by it under or in connection with this Agreement, except for direct losses caused by its bad faith, wilful misconduct or gross negligence. Under no circumstances will the Escrow Agent be liable for any special, indirect, incidental, consequential, exemplary or punitive losses or damages hereunder, including any loss of profits, whether foreseeable or unforeseeable. Notwithstanding the foregoing or any other provision of this Agreement, in no event will the collective liability of the Escrow Agent under or in connection with this Agreement to any one or more Parties, except for losses directly caused by the Escrow Agent’s bad faith, wilful misconduct or gross negligence, exceed the amount of its annual fees under this Agreement or the amount of three thousand dollars ($3,000.00), whichever amount shall be greater. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The Escrow Agent shall be protected in acting and relying reasonably upon any written notice, direction, instruction, order, certificate, confirmation, request, waiver, consent, |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| (1)   | The Escrow Agent may change its address for delivery by delivering notice of the change of address to the Issuer and to each Securityholder. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | The Issuer may change its address for delivery by delivering notice of the change of address to the Escrow Agent and to each Securityholder. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | A Securityholder may change that Securityholder’s address for delivery by delivering notice of the change of address to the Issuer and to the Escrow Agent. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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| INTELLIPHARMACEUTICS INTERNATIONAL INC. |
|-----------------------------------------|
|                                    |
| Signed “Isa Odidi”          |
| Authorized signatory                    |
|                                    |
| Signed “Amina Odidi”        |
| Authorized signatory                    |
|                                    |
| CIBC MELLON TRUST COMPANY               |
|                                    |
| Signed “Charito De Vera”    |
| Authorized signatory                    |
|                                    |
| Signed “Bruce Cornish”      |
| Authorized signatory                    |

----

| Securityholder      | Class or description | Number    | Certificate(s) (if applicable) |
|---------------------|----------------------|-----------|--------------------------------|
| Odidi Holdings Inc. | Common Shares        | 5,997,751 |                           |
|                |                 |      |                           |
|                |                 |      |                           |

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----