TerraVest Industries — Proxy Solicitation & Information Statement 2020

Jan 17, 2020

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TERRAVEST INDUSTRIES INC.

Appointment of Proxyholder

I/We, being holder(s) of common shares of TerraVest Industries Inc. (the “Company”), hereby appoint: Charles Pellerin, Executive Chairman, or, failing him, Dustin Haw, Director OR

Under Canadian Securities Law, you are entitled to receive certain investor documents. If you wish to receive such material, please tick the applicable boxes below. You may also go to our website https://ca.astfinancial.com/InvestorServices/Financial-Statements and input code 7543A.

• I would like to receive quarterly financial statements

 I would like to receive annual financial statements

I would like to receive future mailings by email at __________________________

___________________________________________________________________ Print the name of the person you are appointing if this person is someone other than the individuals listed above

as proxy of the undersigned, to attend, act and vote in respect of all registered shares in the name of the undersigned at the Annual General Meeting of Shareholders of the Company to be held at 8:30 a.m. (ET) on February 10, 2020, at the offices of McCarthy Tétrault LLP, Suite 5300, TD Bank Tower, Toronto, Ontario M5K 1E6 (the “Meeting”), and at any and all adjournments or postponements thereof in the same manner, to the same extent and with the same powers as if the undersigned were personally present, with full power of substitution. Without limiting the general powers and authority hereby conferred on the form of proxy, the holdings represented by this proxy are specifically directed to be voted or withheld from being voted as follows:

Directors and Management recommend voting FOR Resolutions 1 and 2. Please use a dark black pencil or pen.

1. Election of Directors FOR WITHHOLD

I/We authorize you to act in accordance with my/our instructions set out above. I/We hereby revoke any proxy previously given with respect to the Meeting. If no voting instructions are indicated above, this Proxy will be voted FOR a matter by Management’s appointees or, if you appoint another proxyholder, as that other proxyholder sees fit. On any amendments or variations proposed or any new business properly submitted before the Meeting, I/We authorize you to vote as you see fit.

____________________________________________________ ____________ Signature(s) Date

Please sign exactly as your name(s) appear on your certificate or statement. Please see reverse for instructions. All proxies must be received by 8:30 a.m. (Eastern Time) on February 6, 2020.

1. Charles Pellerin

2. Blair Cook

3. Dale H. Laniuk

4. Dustin Haw

5. Rocco Rossi

6. Mick MacBean

7. George Armoyan

2. Appointment of Auditors

Appointment of Raymond Chabot Grant Thornton LLP as Auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration.

Proxy Form – Annual General Meeting of Shareholders of TerraVest Industries Inc. to be held on February 10, 2020 (the “Meeting”)

Notes to Proxy

1. This proxy must be signed by a holder or his or her attorney duly authorized in writing. If you are an individual, please sign exactly as your name appears on this proxy. If the holder is a corporation, a duly authorized officer or attorney of the company must sign this proxy, and if the company has a corporate seal, its corporate seal should be affixed.

2. If the securities are registered in the name of an executor, administrator or trustee, please sign exactly as your name appears on this proxy. If the securities are registered in the name of a deceased or other holder, the proxy must be signed by the legal representative with his or her name printed below his or her signature, and evidence of authority to sign on behalf of the deceased or other holder must be attached to this proxy.

3. Some holders may own securities as both a registered and a beneficial holder; in which case you may receive more than one Circular and will need to vote separately as a registered and beneficial holder. Beneficial holders may be forwarded either a form of proxy already signed by the intermediary or a voting instruction form to allow them to direct the voting of securities they beneficially own. Beneficial holders should follow instructions for voting conveyed to them by their intermediaries.

4. If a security is held by two or more individuals, any one of them present or represented by proxy at the Meeting may, in the absence of the other or others, vote at the Meeting. However, if one or more of them are present or represented by proxy, they must vote together the number of securities indicated on the proxy.

All holders should refer to the Proxy Circular for further information regarding completion and use of this proxy and other information pertaining to the Meeting.

How to Vote

INTERNET

• Go to www.astvotemyproxy.com

• Cast your vote online

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To vote using your smartphone, please scan this QR Code 

To vote by Internet you will need your control number. If you vote by Internet, do not return this proxy.

MAIL, FAX or EMAIL

• Complete and return your signed proxy in the envelope provided or send to:

  • AST Trust Company (Canada) P.O. Box 721 Agincourt, ON M1S 0A1

• You may alternatively fax your proxy to 416-368-2502 or toll free in Canada and United States to 1-866-781-3111 or scan and email to proxyvote@astfinancial.com.

An undated proxy is deemed to be dated on the day it was received by AST.

All proxies must be received by 8:30 a.m. (Eastern Time) on February 6, 2020.

This proxy is solicited by and on behalf of Management of the Company.

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