D-BOX Technologies Inc. — Regulatory Filings 2021

Jul 16, 2021

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1 - Name and Address of Company:

D-BOX Technologies Inc. (the “ Company ”) 2172 rue de la Province Longueuil, Québec J4G 1R7

Item 2 - Date of Material Change:

July 12, 2021.

Item 3 - News Release:

The Company issued news releases with respect to the material changes described below on July 14, 2021 via Canada Newswire.

Item 4 - Summary of Material Change:

On July 14, 2021, the Company announced it was subject to a ransomware cyberattack on its information technology systems after the close of business on July 12, 2021.

Item 5 - Full Description of Material Change:

5.1 Full Description of Material Change

On July 14, 2021, the Company announced it was subject to a ransomware cyberattack on its information technology systems. The malware used to perform the attack encrypted electronic data stored on the Corporation’s network so it cannot be read or used.

The attack took place after the close of business on July 12, 2021 and was detected on the same day, with steps immediately taken to contain and mitigate any potential impact to the Company’s data and operations and start the recovery process. the Company is still investigating the extent of the attack, but it is anticipated, as the attack affected most of its systems, that the Company’s business operations will be adversely affected for several days and potentially longer depending how quickly the Company may recover its data and make full use of its systems.

At present time there is no evidence that customers’ personal information was compromised as a result of this attack, and the Company generally does not receive personal information from its clients comprised mainly of businesses. However, some employee personal information may have been compromised and if that is the case, the Company will be taking measures to minimize the impact for affected employees.

Independent cybersecurity experts were brought in to assist the Company in dealing with the matter in accordance with industry best practices.

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5.2 Disclosure for Restructuring Transactions

Not applicable.

Item 6 - Reliance on subsection 7.1(2) of National Instrument 51-102:

Not applicable.

Item 7 - Omitted Information:

Not applicable.

Item 8 - Executive Officer:

The executive officer who can answer questions regarding this report is Mr. David Montpetit, Chief Financial Officer of the Company. Mr. Montpetit can be reached at 1 (450) 442-3003, ext. 296.

Item 9 - Date of Report:

July 16, 2021.