Blackline Safety Corp. — Capital/Financing Update 2021

Sep 28, 2021

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BLACKLINE SAFETY CORP. TERM SHEET BOUGHT DEAL OFFERING OF COMMON SHARES

September 27, 2021

A preliminary short form prospectus containing important information relating to the securities described in this document has not yet been filed with the securities regulatory authorities in each of the provinces of Canada (except Quebec). A copy of the preliminary short form prospectus is required to be delivered to any investor that received this document and expressed an interest in acquiring the securities. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has been issued. This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the preliminary short form prospectus, final short form prospectus and any amendment, for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This term sheet shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

	ISSUER:Blackline Safety Corp. (“Blackline” or the “Company”)OFFERING:5,480,000 common shares (the “Shares”) of the Company (the “Offering”).ISSUE PRICE:C$7.30 per Share (the “Offering Price”)OFFERING SIZE:C$40,004,000OVER-ALLOTMENTOPTION:The Company will grant the Underwriters an option to purchase up to an additional15% of the aggregate number of Shares sold under the Offering (the “Over-Allotment Option”) at the Offering Price. The Over-Allotment Option may beexercised, in whole or in part at any time up to the date that is 30 days followingthe Closing Date of the Offering, at a price equal to the Offering Price.USE OF PROCEEDS:The Company intends to use the net proceeds of the Offering to further strengthenthe Company's financial position and allow it to accelerate its growth strategiesand investments in sales, marketing and product commercialization, and forgeneral corporate purposes.OFFERING BASIS:Bought deal public offering in all of the provinces of Canada (except Quebec), inthe United States by way of private placement pursuant to Rule 144A of the UnitedStates Securities Act of 1933 and internationally as may be agreed to by theCompany and the Underwriters pursuant to private placement exemptions underlocal securities laws.LEAD UNDERWRITERSPI Fiil C d Rd J Ltd ld dit d
	**:**nanca or. an amon ames . as co-ea unerwrers an co-
	bookrunners.COMMISSION:The Company will pay a cash commission of 5.0% of the gross proceeds of theOfferin on the closin of the Offerin to the Underwriters The same commission
	g g g .shall be paid to the Underwriters in connection with any Shares issued or soldpursuant to the exercise of the Over-Allotment Option.ELIGIBILITY:The Shares will be qualified investments for RRSPs, RRIFs, DPSPs, RESPs andTFSAs, subject to customary qualifications. “ ”
CLOSING DATE:On or about October 19, 2021 (theClosing Date) or such other date as the leadUnderwriters and the Company may agree.	CLOSING DATE:On or about October 19, 2021 (theClosing Date) or such other date as the leadUnderwriters and the Company may agree.