Cathedra Bitcoin Inc. — Proxy Solicitation & Information Statement 2024

Jun 21, 2024

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8th Floor, 100 University Avenue Toronto, Ontario M5J 2Y1 www.computershare.com

Security Class

Holder Account Number

Intermediary

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Voting Instruction Form (“VIF”) - Annual and Special Meeting to be held on July 22, 2024 at 10:00 am (Vancouver Time)

NON-REGISTERED (BENEFICIAL) SECURITYHOLDERS

1. We are sending to you the enclosed proxy-related materials that relate to a meeting of the holders of the series or class of securities that are held on your behalf by the intermediary identified above. Unless you attend the meeting and vote in person, your securities can be voted only by management, as proxy holder of the registered holder, in accordance with your instructions.

2. We are prohibited from voting these securities on any of the matters to be acted upon at the meeting without your specific voting instructions. In order for these securities to be voted at the meeting, it will be necessary for us to have your specific voting instructions. Please complete and return the information requested in this VIF to provide your voting instructions to us promptly.

3. If you want to attend the meeting and vote in person, please write your name in the place provided for that purpose in this form. You can also write the name of someone else whom you wish to attend the meeting and vote on your behalf. Unless prohibited by law, the person whose name is written in the space provided will have full authority to present matters to the meeting and vote on all matters that are presented at the meeting, even if those matters are not set out in this form or the information circular. Consult a legal advisor if you wish to modify the authority of that person in any way. If you require help, please contact the Registered Representative who services your account.

4. This VIF should be signed by you in the exact manner as your name appears on the VIF. If these voting instructions are given on behalf of a body corporate set out the full legal name of the body corporate, the name and position of the person giving voting instructions on behalf of the body corporate and the address for service of the body corporate.

5. If a date is not inserted in the space provided on the reverse of this VIF, it will be deemed to bear the date on which it was mailed by management to you.

6. When properly signed and delivered, securities represented by this VIF will be voted as directed by you, however, if such a direction is not made in respect of any matter, and the VIF appoints the Management Nominees, the VIF will direct the voting of the securities to be made as recommended in the documentation provided by Management for the meeting.

7. Unless prohibited by law, this VIF confers discretionary authority on the appointee to vote as the appointee sees fit in respect of amendments or variations to matters identified in the notice of meeting or other matters as may properly come before the meeting or any adjournment thereof.

8. By providing voting instructions as requested, you are acknowledging that you are the beneficial owner of, and are entitled to instruct us with respect to the voting of, these securities.

9. If you have any questions regarding the enclosed documents, please contact the Registered Representative who services your account.

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1. This VIF should be read in conjunction with the information circular and other proxy materials provided by Management.

VIFs submitted must be received by 10:00 am, (Vancouver Time) on July 18, 2024.

VOTE USING THE TELEPHONE OR INTERNET 24 HOURS A DAY 7 DAYS A WEEK!

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To Vote Using the Telephone

• Call the number listed BELOW from a touch tone telephone.

• 1-866-734-VOTE (8683) Toll Free

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To Vote Using the Internet

• Go to the following web site: www.investorvote.com

• Smartphone? Scan the QR code to vote now.

If you vote by telephone or the Internet, DO NOT mail back this VIF.

Voting by mail may be the only method for securities held in the name of a corporation or securities being voted on behalf of another individual. Voting by mail or by Internet are the only methods by which a holder may choose an appointee other than the Management appointees named on the reverse of this VIF. Instead of mailing this VIF, you may choose one of the two voting methods outlined above to vote this VIF.

To vote by telephone or the Internet, you will need to provide your CONTROL NUMBER listed below.

CONTROL NUMBER

020G9A

Appointee(s)

I/We being holder(s) of securities of Cathedra Bitcoin Inc. (the “Company”) If you wish to attend in person or appoint someone hereby appoint: Thomas Armstrong, or failing this person, Antonin Scalia, or OR else to attend on your behalf, print your name or failing this person, Inar Kamaletdinov (the “Management Nominees”) the name of your appointee in this space (see Note #3 on reverse).

as my/our proxyholder with full power of substitution and to attend, act and to vote for and on behalf of the holder in accordance with the following direction (or if no directions have been given, as the proxyholder sees fit) and on all other matters that may properly come before the Annual and Special Meeting of shareholders of the Company to be held at 320 - 638 Broughton Street, Vancouver, BC on July 22, 2024 at 10:00 am, (Vancouver Time) and at any adjournment or postponement thereof.

VOTING RECOMMENDATIONS ARE INDICATED BY HIGHLIGHTED TEXT OVER THE BOXES.

VOTING RECOMMENDATIONS ARE INDICATED BYHIGHLIGHTED TEXT OVER THE BOXES.				For	Against
1. Number of Directors
Conditional upon completion of the Transaction (as defned below), to Set the Number of Directors at seven (7).
2. Election of Directors -To elect the directors of the Company to serve from the close of the Meeting until the earliest of	(i) the close of the next annual meeting of Shareholders; (b) the effective time of the
completion of the Transaction (the “Closing Date”), or (c) his or her successor is duly elected or appointed.
For Withhold For		Withhold		For	Withhold
01. Thomas Armstrong 02. Antonin Scalia			03. David Jaques			Fold
04. Marcus Dent
3. Election of Directors -Conditional upon completion of the Transaction, to consider and, if deemed appropriate, to pass, with or without variation, a resolution to elect the directors of the Company to serve from
the Closing Date until the close of the next annual meeting of Shareholders, or until his or her successor is duly elected or appointed.
For Withhold For		Withhold		For	Withhold
01. Thomas Armstrong 02. Antonin Scalia			03. David Jaques
04. Marcus Dent 05. Jialin Qu			06. Thomas Masiero
07. Matthew Kita
				For	Withhold
4. Appointment of Auditors Appointment of SRCO Professional Corporation as Auditors of the Company for the ensuing year and authorizing the Directors to	fx their remuneration.
				For	Against
5. Transaction Resolution
To consider and, if deemed appropriate, to pass, with or without variation, an ordinary resolution approving a proposed share exchange agreement with Kungsleden, Inc. (“Kungsleden”)
providing for the reverse takeover of the Company by Kungsleden on the terms described in the accompanying Circular (the “Transaction”).
6. Articles Amendment Resolution
To consider, and if deemed appropriate, pass, with or without variation, a special resolution authorizing alterations to the articles of the		Company, altering the rights and restrictions of the				Fold
existing class of common shares of the Company and re-designating such class as subordinate voting shares and creating a cla	ss of	multipl	e voting shares (the “Amendment Resolution”)

To consider, and if deemed appropriate, pass, with or without variation, a special resolution authorizing alterations to the articles of the Company, altering the rights and restrictions of the existing class of common shares of the Company and re-designating such class as subordinate voting shares, and creating a class of multiple voting shares (the “ Amendment Resolution ”), conditional on the approval of the Transaction.

7. Consolidation Resolution

To consider and, if deemed appropriate, to pass, with or without variation, an ordinary resolution authorizing the Company to consolidate all of the issued and outstanding Common Shares (as presently constituted or as may be re-designated pursuant to the Amendment Resolution) on the basis of one post-consolidation Common Share for up to one-hundred fifty (150) preconsolidation Common Shares.

8. Long-Term Incentive Plan Resolution

To consider and, if deemed appropriate, to pass, with or without variation, an ordinary resolution approving the Company’s equity-based incentive plan for the ensuing year.

Authorized Signature(s) - This section must be completed for your

instructions to be executed.

I/We authorize you to act in accordance with my/our instructions set out above. I/We hereby revoke any VIF previously given with respect to the Meeting. If no voting instructions are indicated above, and the VIF appoints the Management Nominees, this VIF will be voted as recommended by Management.

Signature(s)	MM /DD /YY Date

Interim Financial Statements – Mark this box if you Annual Financial Statements – Mark this box if you would like to receive Interim Financial Statements and would like to receive the Annual Financial Statements and accompanying Management’s Discussion and Analysis accompanying Management’s Discussion and Analysis by mail. by mail.

If you are not mailing back your VIF, you may register online to receive the above financial report(s) by mail at www.computershare.com/mailinglist.

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020GAB