LeoNovus Inc — Proxy Solicitation & Information Statement 2020

Sep 18, 2020

2611 Queensview Drive, Suite 125, Ottawa, Ontario K2B 8K2

LEONOVUS INC.

NOTICE OF SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that a special meeting of the shareholders (“ Meeting ”) of Leonovus Inc., (the “ Corporation ”) will be held at their offices, 2611 Queensview Drive, Suite 125, Ottawa, Ontario, K2B 8K2 on Thursday, the 8[th] day of October 2020, at 10:00 a.m. (Eastern Time).

In order to: (i) proactively deal with the unprecedented public health impact of coronavirus pandemic (also known as “COVID-19”); (ii) mitigate risks to the health and safety of our communities, shareholders and other stakeholders; and (iii) ensure compliance with local laws or orders restricting the size of public gatherings to ten people in response to COVID-19, the Corporation is requesting shareholders not to attend the Meeting in person.

The meeting will be conducted for the following purposes:

1. to consider and, if deemed appropriate, to pass a special resolution approving an amendment to the Corporation’s articles to consolidate its common shares on the basis of one (1) post-consolidation common share for every thirty (30) pre-consolidation common shares outstanding, the full text of which resolution is set out in Schedule “A” to this Circular;

Only the above item will be considered at the meeting.

Accompanying this Notice is the management proxy circular containing details of the matter to be dealt with at the Meeting and a form of proxy.

Shareholders are requested to complete and sign the accompanying form of proxy and return it by mail in the enclosed return envelope or by Internet. To be effective, proxies must be received by the Corporation’s transfer agent, TSX Trust Company, 301 – 100 Adelaide Street West, Toronto, Ontario M5H 4H1 Attention: Proxy Department, or Internet (www.voteproxyonline.com) or by facsimile at 1-416-595-9593 prior to 10:00 a.m. (Eastern Time) on Tuesday, October 6, 2020 or if the Meeting is adjourned, by no later than 48 hours (excluding Saturdays, Sundays and holidays) prior to when any adjournment thereof is to be held, or may be deposited with the Chair of the Meeting at any time prior to the commencement of the Meeting or any adjournment thereof.

DATED at Ottawa, Ontario the 9[th] day of September 2020.

BY ORDER OF THE BOARD OF DIRECTORS OF THE CORPORATION.

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Michael Gaffney Chairman and Director, Leonovus Inc.