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Exro Technologies Inc. Regulatory Filings 2021

Nov 18, 2021

47205_rns_2021-11-18_11c5b55b-2e6d-4b6f-828b-be7a86ef4a68.pdf

Regulatory Filings

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Certificate of an Officer in respect of the Qualification of Exro Technologies Inc. to File a Prospectus in the Form of a Short Form Base Shelf Prospectus Pursuant to National Instrument 44-101 and National Instrument 44-102

DATE: November 18, 2021 TO: British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan Manitoba Securities Commission Ontario Securities Commission Financial and Consumer Services Commission (New Brunswick) Nova Scotia Securities Commission Prince Edward Island Office of the Attorney General Securities NL, Financial Services Regulation Division RE: Exro Technologies Inc. (the " Issuer ") filing of a Preliminary Short Form Base Shelf Prospectus dated November 18, 2021.

The undersigned, John Meekison, the Chief Financial Officer of the Issuer, in his capacity as an executive officer of the Issuer and not in his personal capacity, hereby certifies on behalf of the Issuer that:

  1. this certificate is delivered pursuant to Section 4.1(a)(ii) of National Instrument 44-101, Short Form Prospectus Distributions (" NI 44-101 ");

  2. the Issuer is relying on the qualification criteria set forth in Section 2.2 of NI 44-101 in order to be qualified to file a prospectus in the form of a short form prospectus, in that:

    • (a) the Issuer is an electronic filer under National Instrument 13-101 – System for Electronic Document Analysis and Retrieval (SEDAR);

    • (b) the Issuer is a reporting issuer in at least one jurisdiction of Canada;

    • (c) the Issuer has filed with the securities regulatory authority in each jurisdiction in which it is a reporting issuer all periodic and timely disclosure documents that it is required to have filed in that jurisdiction:

      • (i) under applicable securities legislation,

      • (ii) pursuant to an order issued by the securities regulatory authority, or

      • (iii) pursuant to an undertaking to the securities regulatory authority;

    • (d) the Issuer has, in at least one jurisdiction in which it is a reporting issuer:

      • (i) current annual financial statements, and

      • (ii) a current AIF;

    • (e) the Issuer's equity securities are listed and posted for trading on a short form eligible exchange and the Issuer is not an issuer:

-2-

  • (i) whose operations have ceased, or

  • (ii) whose principal asset is cash, cash equivalents, or its exchange listing;

  1. all of the qualification criteria in Section 2.2 of NI 44-101 have been satisfied by the Issuer; and

  2. all of the material incorporated by reference in the preliminary short form base shelf prospectus and not previously filed is being filed with the preliminary short form base shelf prospectus.

[ Signature page follows ]

DATED AND SIGNED this 18[th] day of November, 2021.

EXRO TECHNOLOGIES INC.

Per: (signed) “John Meekison” Name: John Meekison Position: Chief Financial Officer

Signature page to Qualification Certificate pursuant to s.4.1(a)(ii) of NI 44-101