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| Reporting Issuer Name:      Copernic      Inc.                        |                   |
|-----------------------------------------------------------------------|------------------------|
|                                                                  |                   |
| Fiscal      year end date used to      calculate capitalization: | December      31, 2008 |

| Total number of      securities of a class or series outstanding as at the issuer's most recent      fiscal year end |       |   |
|----------------------------------------------------------------------------------------------------------------------|------------|--------|
|                                                                                                                 | (i)        |   |
|                                                                                                                 | 14,637,531 |   |

| Simple average of      the closing price of that class or series as of the last trading day of      each month of the fiscal year (See clauses 2.11(a)(ii)(A) and (B) of the      Rule) |                                                                |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------|--------|
|                                                                                                                                                                                    | (ii)                                                                |   |
|                                                                                                                                                                                    | $0.73(convertedat      Dec 31,2008      Bankof      CanadaNoonRate) |   |

| Market value of      class or series | (i) X (ii)      = | (A)        |
|--------------------------------------|-------------------|------------|
|                                 |              | 10,685,398 |

| (Repeat the above      calculation for each class or series of securities of the reporting issuer      that was listed or quoted on a marketplace in Canada or the United States      of America at the end of the fiscal year) |   |   (B) |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|

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| (Provide details of      how value was determined) |   | (C) |
|----------------------------------------------------|--------|-----|

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| (Repeat for each      class or series of securities) |   | (D) |
|------------------------------------------------------|--------|-----|

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| (Add      market value of all classes and series of securities) | (A)      + (B) + | $      | 10,685,398 |
|-----------------------------------------------------------------|------------------|--------|------------|
| (C)      + (D) =                                                |             |   |

| Participation      Fee                                                                                           |                             |                                   | $      | 600    |
|------------------------------------------------------------------------------------------------------------------|----------------------------------|----------------------------------------|--------|--------|
| (From      Appendix A of the Rule, select the participation fee beside the      capitalization calculated above) |                             |                                   |   |
|                                                                                                             |                             |                                   |   |
| New reporting issuer's reduced      participation fee, if      applicable                                        |                             |                                   |   |
|  (See      section 2.6 of the Rule)                                                                         |                             |                                   |   |
| Participation      fee                                                                                           | X                                | Number      of entire months remaining |   |   |   |
|                                                                                                             | in      the issuer's fiscal year | =                                      |   |   |

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|                                               | 12     |   |   |   |
|----------------------------------------------------|--------|--------|--------|--------|
| Late      Fee, if applicable                       |   |   |   |
| (As      determined under section 2.5 of the Rule) |   |   |   |

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