ADCORE Inc. — Regulatory Filings 2021

May 10, 2021

UNDERTAKING

TO: Ontario Securities Commission, as principal regulator British Columbia Securities Commission Alberta Securities Commission Autorité des marchés financiers Financial and Consumer Affairs Authority of Saskatchewan The Manitoba Securities Commission Financial and Consumer Services Commission (New Brunswick) Office of the Superintendent of Securities, Service Newfoundland and Labrador Nova Scotia Securities Commission

Office of the Superintendent of Securities, Government of Prince Edward Island Office of the Superintendent of Securities, Yukon Territory Northwest Territories Securities Office Office of the Superintendent of Securities, Government of Nunavut

• RE: ADCORE Inc. (the “ ADCORE ”), Final Short-Form Base Shelf Prospectus dated May 10, 2021 (the “ Prospectus ”), SEDAR Project #03208184

In connection with the filing of the Prospectus, pursuant to Sections 4.2(a)(x) and 4.2(a)(x.1) of National Instrument 44-101 – Short Form Prospectus Distributions , ADCORE hereby undertakes to file a copy of any documents affecting the rights of securityholders of ADCORE and a copy of any material contracts required to be filed under Sections 12.1 and 12.2 of National Instrument 51-102 – Continuous Disclosure Obligations that has not been executed before the filing of the Prospectus, but will be executed or become effective on or before the completion of the distribution and that has not been previously filed promptly and in any event within seven days after the execution of the material contract or the date that the document becomes effective, as the case may be, including the following:

• (i) the indenture or supplemental indenture for any offering of Debt Securities (as such term is defined in the Prospectus);

• (ii) the warrant agreement or indenture for any offering of Warrants (as such term is defined in the Prospectus);

• (iii) any agreement or indenture for any offering of Subscription Receipts (as such term is defined in the Prospectus); and

• (iv) any agreement governing units for any offering of Units (as such term is defined in the Prospectus).

  • [ Remainder of page left intentionally blank. Signature page follows. ]

DATED May 10, 2021.

ADCORE INC.

Per: “Yatir Sadot” Yatir Sadot Chief Financial Officer

Undertaking re Material Contracts