HEXO Corp. — Share Issue/Capital Change 2020

Dec 23, 2020

ARTICLES OF AMENDMENT STATUTS DE MODIFICATION

1. The name of the corporation is: (Set out in BLOCK CAPITAL LETTERS) Dé nomination sociale actuelle de la société (écrite en LETTRES MAJUSCULES SEULEMENT):

   H EX O COR P .

2. The name of the corporation is changed to (if applicable): (Set out in BLOCK CAPITAL LETTERS) Nouvelle dé nomination sociale de la société (s'il y a lieu) (écrite en LETTRES MAJUSCULES SEULEMENT):

3. Date of incorporation/amalgamation: Date de la constitution ou de la fusion : 2013/10/29 (Year, Month, Day) (année, mois, jour)

4. Complete only if there is a change in the number of directors or the minimum / maximum number of directors. Il faut remplir cette partie seulement si le nombre d'administrateurs ou si le nombre minimal ou maximal d'administrateurs a changé.

   Number of directors is/are: minimum and maximum number of directors is/are: Nombre d'administrateurs : nombres minimum et maximum d'administrateurs :

   Number Nombre minimum and maximum minimum et maximum

5. The articles of the corporation are amended as follows: Les statuts de la société sont modifiés de la façon suivante:

   Please see page 1 attached.

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The articles of the Corporation be amended to consolidate each of the issued and outstanding common shares of the Corporation on the basis of one (1) post-consolidation common share for every four (4) pre-consolidation common shares of the Corporation, subject to an upward adjustment, in the event the consolidation would otherwise result in a shareholder of the Corporation holding a fractional interest that is 0.5 or greater of a common share, so that such shareholder shall be entitled to receive a common share for such fraction, or a downward adjustment, in the event the consolidation would otherwise result in a shareholder of the Corporation holding a fractional interest that is less than 0.5 of a common share, so that such shareholder shall not be entitled to receive a common share for such fraction.

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1. The amendment has been duly authorized as required by sections 168 and 170 (as applicable) of the Business Corporations Act. La modification a été d Dinent autorisée conformément aux articles 168 et 170 (selon le cas) de la Loi sur les sociétés par actions.

2. The resolution authorizing the amendment was approved by the shareholders/directors (as applicable) of the corporation on Les actionnaires ou les administrateurs (selon le cas) de la société ont approuvé la résolution autorisant la modification le

2020/12/11

(Year, Month, Day) (année, mois, jour)

These articles are signed in duplicate. Les présents statuts sont signés en double exemplaire.

HEXO CORP.

(Print name of corporation from Article 1 on page 1) (Veuillez écrire le nom de la société de l'article un à la page une).

By/ Par :

Secretary

(Signature) (Signature)

(Description of Office) (Fonction)