Alterego Ventures 24 Corp. — AGM Information 2022

Jul 6, 2022

A-LABS CAPITAL V CORP.

Suite 1110, 5255 Yonge Street Toronto, Ontario M2N 6P4

NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an annual and special meeting (the " Meeting ") of the shareholders (each, a " Shareholder ") of A-Labs Capital V Corp. (the " Company ") will be held on Wednesday, July 27, 2022 at the hour of 10:00 a.m. (Eastern time), at the office of Oziel Medina LLP at Suite 1110, 5255 Yonge Street, Toronto, Ontario M2N 6P4 and by virtual zoom meeting, for the following purposes:

1. to receive and consider the audited financial statements of the Company for the fiscal year ended December 31, 2021 and the report of the auditors thereon;

2. to elect the directors of the Company;

3. to appoint the auditors of the Company and to authorize the directors to fix their remuneration;

4. to approve and confirm amendments to the stock option plan of the Company; and

5. to transact any other business as may properly be brought before the Meeting, or any adjournment or postponement thereof.

A shareholder wishing to be represented by proxy at the Meeting or any adjournment thereof must deposit his, her or its duly executed form of proxy with the Company's transfer agent and registrar, TSX Trust Company, at Suite 301, 100 Adelaide Street West, Toronto, Ontario M5H 4H1, by facsimile to 416-595-9693 or electronically at www.voteproxyonline.com and pursuant to any instructions contained in the proxy not later than 10:00 a.m. (Eastern time) on Monday, July 25, 2022 or, if the Meeting is adjourned, not later than 48 hours, excluding Saturdays, Sundays and holidays, preceding the time of such adjourned meeting.

Shareholders who are unable to attend the Meeting in person, are requested to date, complete, sign and return the enclosed form of proxy so that as large a representation as possible may be had at the Meeting.

The board of directors of the Company has by resolution fixed the close of business on Tuesday, June 21, 2022 as the record date, being the date for the determination of the registered holders of common shares of the Company entitled to receive notice of, and to vote at, the Meeting and any adjournment thereof.

COVID-19 GUIDANCE

In the context of the effort to mitigate potential risk to the health and safety associated with COVID-19 and in compliance with the orders and directives of the Government of Canada, the Province of Ontario and the City of Toronto, shareholders are being discouraged from attending the Meeting in person. All shareholders are encouraged to vote on the matters before the Meeting by proxy in the manner set out herein and in the accompanying management information circular dated June 29, 2022 of the Company.

The accompanying management information circular provides additional detailed information relating to the matters to be dealt with at the Meeting and is supplemental to, and expressly made a part of, this notice of annual and special meeting. Additional information about the Company and its financial statements are also available on the Company's profile at www.sedar.com.

DATED at Toronto, Ontario, this 29[th] day of June, 2022.

ON BEHALF OF THE BOARD OF DIRECTORS OF A-LABS CAPITAL V CORP.

By: (s) "Rita Alter"

Chief Executive Officer & Director

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