Progressive Planet Solutions Inc V.PLAN

Buyback Shares

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8.1 Within 10 days after the end of each month in which purchases are made, whether the securities were purchased through the facilities of the Exchange or otherwise, the Issuer must report to the Exchange the number of securities purchased in the preceding month, providing the dates of the purchases, the average price paid and stating whether the securities have been cancelled, reserved for issuance or otherwise dealt with. No reports are required during any period in which no purchases are concluded.

You may rely on the NCIB exemption if your bid is made in the normal course through the facilities of a designated exchange in accordance with their policies and rules, or another published market as long as you comply with the following:

1. the bid is for less than 5% of the outstanding securities of a class of securities;
2. the aggregate number of securities acquired by you or any person acting with you within any 12-month period does not exceed 5% of the outstanding securities of that class at the beginning of the 12-month period; and
3. the value of the consideration paid for any of the securities is not more than the market price plus reasonable brokerage fees or commissions actually paid.