Oceansix Future Paths Ltd. — Regulatory Filings 2021

Apr 1, 2021

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BY SEDAR

March 31, 2021

British Columbia Securities Commission Alberta Securities Commission Financial and Consumer Affairs Authority of Saskatchewan The Manitoba Securities Commission Ontario Securities Commission Nova Scotia Securities Commission Financial and Consumer Services Commission (New Brunswick) Office of the Superintendent of Securities (Prince Edward Island) Office of the Superintendent of Securities Service Newfoundland and Labrador Northwest Territories Securities Office Nunavut Securities Office Office of the Superintendent of Securities (Yukon Territory)

Dear Sirs and Mesdames:

Re: Final Long Form Prospectus of K.B. Recycling Industries Ltd. (the “Issuer”)

We refer you to the final long form prospectus (the “ Prospectus ”) of the Issuer dated March 31, 2021 relating to the issuance of units of the Issuer and the deemed exercise of subscription receipts of the Issuer.

We consent to being named in the Prospectus on the face page of the Prospectus and under the heading “Legal Matters” and to the use of our legal opinions set out under the headings “Eligibility for Investment” and “Certain Canadian Federal Income Tax Considerations”, which opinions are provided as of the date of the Prospectus.

We have read the Prospectus and have no reason to believe that there are any misrepresentations in the information contained in the Prospectus that are (i) derived from our legal opinions provided in the Prospectus, or (ii) within our knowledge as a result of the services performed by us in connection with such opinions.

Yours truly,

(signed) “Stikeman Elliott LLP”

Stikeman Elliott LLP