Solution Financial Inc. — Regulatory Filings 2021

Jan 18, 2021

Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

FORM 13-501F1 CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

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----- Start of picture text ----- Sean HodginsI, ____________________ , an officer of the reporting issuer noted below have examined thisForm 13-501F1 (the Form ) being submitted hereunder to the Alberta Securities Commission andcertify that to my knowledge, having exercised reasonable diligence, the information provided inthe Form is complete and accurate._________________________________ signed "Sean Hodgins" _________________________________ Jan 18, 2021Name: Sean Hodgins [Date: ]Title: CFOSolution Financial Inc.Reporting Issuer Name:October 31, 2020End date of previous financial year:Type of Reporting Issuer: [ ] Class 1 reporting [ ] Class 3B reportingissuer issuerTSX-Venture ExchangeHighest Trading Marketplace:Market value of listed or quoted equity securities:SFIEquity Symbol01/11/19 31/01/201st Specified Trading Period (dd/mm/yy) _______________ to ______________Closing price of the security in the class or series on thelast trading day of the specified trading period in which0.375such security was listed or quoted on the highest trading $ ______________________marketplace (i)----- End of picture text -----

Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of	Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of	________________________79,289,131
the specified trading period		(ii)
	(i) x (ii)	$ ______________________29,733,424
Market value of class or series		(A)
		30/04/2001/02/20
2nd Specified Trading Period(dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the
last trading day of the specified trading period in whichsuch security was listed or quoted on the highest trading		$ ______________________0.39
marketplace		(iii)
Number of securities in the class or series of such		78,458,631
security outstanding at the end of the last trading day of		______________________
the specified trading period		(iv)
	(iii) x (iv)	$ ______________________30,598,867
Market value of class or series		(B)
		31/07/2001/05/20
3rd Specified Trading Period(dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the
last trading day of the specified trading period in which		0.46
such security was listed or quoted on the highest trading		$ ______________________
marketplace		(v)
Number of securities in the class or series of suchsecurity outstanding at the end of the last trading day of		______________________80,151,131
the specified trading period		(vi)
	(v) x (vi)	$ ______________________36,869,520
Market value of class or series		(C)

	01/08/20	01/08/20	31/10/20
4th Specified Trading Period(dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the
last trading day of the specified trading period in which			0.48
such security was listed or quoted on the highest trading		$ ______________________
marketplace		(vii)
Number of securities in the class or series of such			81,533,731
security outstanding at the end of the last trading day of		______________________
the specified trading period		(viii)
			39,136,191
	(vii) x (viii)	$ ______________________
Market value of class or series		(D)
5th Specified Trading Period(dd/mm/yy)	_______________ to ______________
Closing price of the security in the class or series on the
last trading day of the specified trading period in which
such security was listed or quoted on the highest trading		$ ______________________
marketplace		(ix)
Number of securities in the class or series of such
security outstanding at the end of the last trading day of		______________________
the specified trading period		(x)
	(ix) x (x)	$ ______________________
Market value of class or series		(E)
Average Market Value of Class or Series(Calculate
the simple average of the market value of the class or			34,084,500
series of security for each applicable specified trading		$ ______________________
period (i.e. A through E above))		(1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

Fair value of outstanding debt securities:
		2,705,000
(Provide details of how value was determined)		$ ______________________
		(2)
		36,789,500
Capitalization for the previous financial year	(1) + (2)	$ ______________________
		1,200
Participation Fee		$ ______________________
Late Fee, if applicable		$ ______________________
		1,200
Total Fee Payable		$ ______________________
(Participation Fee plus Late Fee)