Castlecap Capital Inc. — Proxy Solicitation & Information Statement 2022

May 6, 2022

Castlecap Capital Inc.
(the “Corporation”)

FORM OF PROXY (“PROXY”)

Annual and Special Meeting
May 30, 2022 at 10:00 a.m. (Calgary Time)
2032 45 Avenue SW
Calgary, AB T2T 2P5
(the “Meeting”)

RECORD DATE: April 26, 2022
CONTROL NUMBER:
SEQUENCE #:
FILING DEADLINE FOR PROXY: May 26, 2022 at 10:00 a.m. (Calgary Time)

VOTING METHOD

INTERNET Go to www.voteproxyonline.com and enter the 12 digit control number above

FACSIMILE 416-595-9593

MAIL TSX Trust Company
301 - 100 Adelaide Street West
Toronto, Ontario, M5H 4H1

The undersigned hereby appoints Charles Chebry (the “Management Nominee”), or instead of any of them, the following Appointee

Please print appointee name

as proxyholder on behalf of the undersigned with the power of substitution to attend, act and vote for and on behalf of the undersigned in respect of all matters that may properly come before the Meeting and at any adjournment(s) or postponement(s) thereof, to the same extent and with the same power as if the undersigned were personally present at the said Meeting or such adjournment(s) or postponement(s) thereof in accordance with voting instructions, if any, provided below.

• SEE VOTING GUIDELINES ON REVERSE

RESOLUTIONS – MANAGEMENT VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT ABOVE THE BOXES

1. Number of Directors
   To consider and, if thought appropriate, to pass an ordinary resolution fixing the number of directors to be elected at the Meeting at four (4), with such fixed number of directors to be increased to five (5) conditional and effective only upon the completion of the Transaction (as defined in the accompanying management information circular (the "Management Information Circular")).

2. Election of Directors
   a) Charles Chebry
   b) Travis Rhodes
   c) Sandra Dosdall
   d) Antonio Ruggieri

3. Appointment of Auditor
   Appointment of Kenway Mack Slusarchuk Stewart LLP as Auditor of the Corporation for the ensuing year and authorizing the Directors to fix their remuneration.

4. Option Plan Resolution
   To consider and, if thought appropriate, to pass an ordinary resolution approving the stock option plan of the Corporation in the form set out in Schedule “D” to the Management Information Circular.

5. Consolidation Resolution
   To consider and, if thought appropriate, to pass, with or without variation, a special resolution to authorize and approve the consolidation of the common shares in the capital of the Corporation (the "Common Shares") on the basis of three (3) pre-consolidation Common Shares for every 1 post-consolidation Common Share, or such other consolidation ratio as the directors of the Corporation, in their sole discretion, determine to be appropriate.

6. Name Change Resolution
   To consider and, if thought appropriate, to pass, with or without variation, a special resolution authorizing the directors of the Corporation to amend the articles of the Corporation to change its name to “ATH Health Ltd.”, or such other name as the directors of the Corporation may, in their sole discretion, determine to be appropriate.

7. Resulting Issuer Director Resolution
   To consider and, if thought appropriate, to pass, with or without variation, an ordinary resolution to be conditional on and to take effect only in the event that the Transaction (as defined in the Management Information Circular) is completed, to elect Ross Butler, Allan Chisholm, Allan Farrar, Shane O'Neill and Charles Chebry as directors of the Resulting Issuer (as defined in TSX Venture Exchange Policy 2.4).

8. Resulting Issuer Auditor Resolution
   To consider and, if thought appropriate, to pass, with or without variation, an ordinary resolution to be conditional on and to take effect only in the event that the Transaction (as defined in the Management Information Circular) is completed, to appoint RSM [Canada] LLP as the Resulting Issuer's auditor for the ensuing year and to authorize the board of directors of the Resulting Issuer to fix the auditor's remuneration.

9. Resulting Issuer Option Plan Resolution
   To consider and, if thought appropriate, to pass, with or without variation, an ordinary resolution, to be conditional on and to take effect only in the event that the Transaction (as defined in the Management Information Circular) is completed, to authorize and approve the adoption of a new stock option plan of the Resulting Issuer.

This proxy revokes and supersedes all earlier dated proxies and MUST BE SIGNED

PLEASE PRINT NAME

Signature of registered owner(s) Date (MM/DD/YYYY)

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Proxy Voting – Guidelines and Conditions

1. THIS PROXY IS SOLICITED BY MANAGEMENT OF THE CORPORATION.

2. THIS PROXY SHOULD BE READ IN CONJUNCTION WITH THE MEETING MATERIALS PRIOR TO VOTING.

3. If you appoint the Management Nominees to vote your securities, they will vote in accordance with your instructions or, if no instructions are given, in accordance with the Management Voting Recommendations highlighted for each Resolution on the reverse. If you appoint someone else to vote your securities, they will also vote in accordance with your instructions or, if no instructions are given, as they in their discretion choose.

4. This proxy confers discretionary authority on the person named to vote in his or her discretion with respect to amendments or variations to the matters identified in the Notice of the Meeting accompanying the proxy or such other matters which may properly come before the Meeting or any adjournment or postponement thereof.

5. Each security holder has the right to appoint a person other than the Management Nominees specified herein to represent them at the Meeting or any adjournment or postponement thereof. Such right may be exercised by inserting in the space labeled “Please print appointee name”, the name of the person to be appointed, who need not be a security holder of the Corporation.

6. To be valid, this proxy must be signed. Please date the proxy. If the proxy is not dated, it is deemed to bear the date of its mailing to the security holders of the Corporation.

7. To be valid, this proxy must be filed using one of the Voting Methods and must be received by TSX Trust Company before the Filing Deadline for Proxies, noted on the reverse or in the case of any adjournment or postponement of the Meeting not less than 48 hours (Saturdays, Sundays and holidays excepted) before the time of the adjourned or postponed meeting. Late proxies may be accepted or rejected by the Chairman of the Meeting in his discretion, and the Chairman is under no obligation to accept or reject any particular late proxy.

8. If the security holder is a corporation, the proxy must be executed by an officer or attorney thereof duly authorized, and the security holder may be required to provide documentation evidencing the signatory’s power to sign the proxy.

9. Guidelines for proper execution of the proxy are available at www.stac.ca. Please refer to the Proxy Protocol.

Investor inSite

TSX Trust Company offers at no cost to security holders, the convenience of secure 24-hour access to all data relating to their account including summary of holdings, transaction history, and links to valuable security holder forms and Frequently Asked Questions.

To register, please visit https://www.tsxtrust.com/t/investor-hub/forms/investor-insite-registration

Click on, “Register” and complete the registration form. Call us toll free at 1-866-600-5869 with any questions.

Request for Financial Statements

In accordance with securities regulations, security holders may elect to receive Annual Financial Statements, Interim Financial Statements and MD&As.

Instead of receiving the financial statements by mail, you may choose to view these documents on SEDAR at www.sedar.com.

I am currently a security holder of the Corporation and as such request the following:

☐ Annual Financial Statements with MD&A
(Mark this box to NOT receive Annual Financial Statements and related MD&A)

☐ Interim Financial Statements with MD&A
(Mark this box to receive Interim Financial Statements and related MD&A)

If you are casting your vote online and wish to receive financial statements, please complete the online request for financial statements following your voting instructions.

If the cut-off time has passed, please fax this side to 416-595-9593

Castlecap Capital Inc.
2022