Exco Technologies Limited — Regulatory Filings 2022

Nov 30, 2022

FORM 13-502F1 CLASS 1 AND CLASS 3B REPORTING ISSUERS - PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, Matthew Posno13-502F1 (the Form) being submitted hereunder to the Ontario Securities Commission and certify that tomy knowledge, having exercised reasonable diligence, the information provided in the Form is completeand accurate.(s)Name: MattlTitle: CFO	, an officer of the reporting issuer noted below have examined this Form	November 30,2022Date:
Reporting Issuer Name:	Exco Technologies Limited
End date of previous financial year:	September 30, 2022
Type of Reporting Issuer:	$\boxtimes$ Class 1 reporting issuer				$\Box$ Class 3B reporting issuer
TSXHighest Trading Marketplace:(refer to the definition of "highest trading marketplace" under OSC Rule 13-502 Fees)
Market value of listed or quoted equity securities:(in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees)
Equity Symbol			XTC
1 st Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSCRule 13-502 Fees)		01/10/2021to 31/12/2021
Closing price of the security in the class or serieson the last trading day of the specified tradingperiod in which such security was listed or quotedon the highest trading marketplace			$10.31			(i)
Number of securities in the class or series of suchsecurity outstanding at the end of the last tradingday of the specified trading period			39,270,497			(ii)
Market value of class or series		$(i)$ x $(ii)$	$404,878,824.07			(A)
2 nd Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSCRule 13-502 Fees)		01/01/2022			to 31/03/2022

Closing price of the security in the class or serieson the last trading day of the specified tradingperiod in which such security was listed or quotedon the highest trading marketplace		$9.59	(iii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last tradingday of the specified trading period		39,097,497	(iv)
Market value of class or series	$(iii)$ x $(iv)$	$374,944,966.23	(B)
$3rd$ Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSCRule 13-502 Fees )	01/04/2022		to 30/06/2022
Closing price of the security in the class or serieson the last trading day of the specified tradingperiod in which such security was listed or quotedon the highest trading marketplace		$7.99	(v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last tradingday of the specified trading period		38,912,464	(vi)
Market value of class or series	$(v)$ x $(vi)$	$310,910,587.36	(C)
4 th Specified Trading Period (dd/mm/yy)(refer to the definition of "specified trading period" under OSCRule 13-502 Fees)	01/07/2022		to 30/09/2022
Closing price of the security in the class or serieson the last trading day of the specified tradingperiod in which such security was listed or quotedon the highest trading marketplace		7.70	(vii)
Number of securities in the class or series of suchsecurity outstanding at the end of the last tradingday of the specified trading period		38,912,464	$\sqrt{\text{viii}}$
Market value of class or series	$(vii)$ x $(viii)$	$299,625,972.80	(D)
5 th Specified Trading Period (dd/mm/yy)(if applicable - refer to the definition of "specified tradingperiod" under OSC Rule 13-502 Fees)			$\mathfrak{g}$ to $\mathfrak{g}$
Closing price of the security in the class or serieson the last trading day of the specified tradingperiod in which such security was listed or quotedon the highest trading marketplace			(ix)

security outstanding at the end of the last tradingday of the specified trading period
Market value of class or series	$(ix)$ x $(x)$	$\sim$	(E)
Average Market Value of Class or Series(Calculate the simple average of the market value of the classor series of security for each applicable specified tradingperiod (i.e. A through E above))
		$347,590,095.12(1)
(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and asubsidiary pursuant to paragraph 2.8(1)(c) of OSC Rule 13-502 Fees, if applicable) that was listed or quoted on amarketplace at the end of the previous financial year)
Fair value of outstanding debt securities:(See paragraph $2.8(1)(b)$ , and if applicable, paragraph $2.8(1)(c)$of OSC Rule 13-502 Fees)		S.	(2)
(Provide details of how value was determined)
Capitalization for the previous financial year	$(1)+(2)$	$347,590,095.12
Participation Fee(For Class 1 reporting issuers, from Appendix A ofOSC Rule 13-502 Fees, select the participation fee)		$29,365.00
(For Class 3B reporting issuers, from AppendixA.1 of OSC Rule 13-502 Fees, select theparticipation fee)
Late Fee, if applicable(As determined under section 2.7 of OSC Rule 13-$502$ Fees)		$
Total Fee Payable(Participation Fee plus Late Fee)		$29,365.00