Solution Financial Inc. — Capital/Financing Update 2021

Mar 11, 2021

==> picture [51 x 40] intentionally omitted <==

PUBLIC OFFERING OF UNITS

(FIGURES IN C$, UNLESS OTHERWISE INDICATED) MARCH 10, 2021

A preliminary short form prospectus containing important information relating to the securities described in this document has been filed with the applicable Canadian securities regulatory authorities in each of the provinces of Canada. A copy of the preliminary short form prospectus is required to be delivered to any investor that received this document and expressed an interest in acquiring the securities. Copies of the preliminary short form prospectus may also be obtained from iA Private Wealth Inc. at ecmcanada@iagto.ca. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final short form prospectus has been issued. This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the preliminary short form prospectus, final short form prospectus and any amendment, for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.

Issuer: Solution Financial Inc. (the “Company” ) (TSXV: SFI) Offering: Agency best-efforts offering of up to 25,000,000 Units (the “Units” ) (28,750,000 Units assuming the Over-Allotment Option is exercised in full). Units: Each Unit shall consist of one common share of the Company (a “Share” ) and one-half of one common share purchase warrant (each full warrant, a “Warrant” ). Each Warrant shall be exercisable to acquire one common share of the Company (a “Warrant Share” ) for a period of 12 months from Closing (as herein defined) at an exercise price of $0.50 per Warrant. Offering Price: $0.40 per Unit (the “Offering Price” ) Amount: A minimum of $3 million and a maximum of $10 million ($11.5 million if the OverAllotment Option is exercised in full). Over-allotment The Company has granted the Agent an option (the “Over-Allotment Option” ), Option: to arrange for the purchase of additional Units in an amount equal to 15% of the Units sold pursuant to the Offering at a price of $0.40 per Unit, exercisable at any time, for a period of 30 days after and including the Closing Date. The OverAllotment Option is exercisable to acquire Units at the discretion of the Agent. Use of Proceeds: The Company intends to use the net proceeds of the Offering for expansion initiatives and general corporate purposes. Form of Offering: Agency best-efforts offering by way of a short form prospectus.

Selling All Provinces in Canada, except Quebec, certain offshore jurisdictions (provided Jurisdictions: that placement in such offshore jurisdictions does not give rise to the filing of a prospectus or registration statement or to any continuous disclosure obligations), and in the United States on a private placement basis pursuant to applicable exemptions under the United States Securities Act of 1933, as amended.

Eligibility: The Offered Securities will be qualified investments under the Income Tax Act (Canada) for RRSPs, RESPs, RRIFs, DPSPs, RDSPs and TFSAs. Commission: A cash fee equal to 1.0% of all gross proceeds raised in connection with the Offering from purchasers identified by the Company (the “ President’s List ”). A cash fee equal to 8.0% of all gross proceeds raised in connection with the Offering from all purchasers not included on the President’s List and number of warrants (the “ Broker Warrants ”) equal to 6.0% of the number of Offered Securities issued by the Company under the Offering including the OverAllotment Option. Each Broker Warrant shall entitle the Agent to acquire one common share of the Company at the Offering price for a period of 12 months from the Closing Date, subject to compliance with the pricing requirements of the TSX Venture Exchange.

Closing Date: On or about March 30, 2021 (the “Closing Date” ). Agent: iA Private Wealth Inc.