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VIP Entertainment Technologies Inc. AGM Information 2021

Apr 19, 2021

47809_rns_2021-04-19_abc611b0-fb93-4753-8d76-e56171f2555e.pdf

AGM Information

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ANC CAPITAL VENTURES INC.

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that an Annual General Meeting (the “ Meeting ”) of Holders of Common Shares of ANC Capital Ventures Inc. (the " Company ") will be held at 6012 – 85 Avenue NW, Edmonton, AB, T6B 0J5 on Friday, May 14, 2021 at 10:00 AM Mountain Daylight Time for the following purposes:

  1. To accept the audited financial statements for the fiscal period ended March 31, 2020 and the auditor's reports thereon;

  2. To fix the number of Directors to be elected for the ensuing year at three (3);

  3. To elect the Directors for the ensuing year;

  4. To appoint Saturna Group Chartered Professional Accountants LLP as auditors for the ensuing year and to authorize the directors to fix the remuneration of the auditors;

  5. To consider and, if deemed advisable, pass a resolution to approve the Company’s Stock Option Plan, as is more particularly described in the accompanying Information Circular;

  6. To consider and, if deemed advisable, pass a resolution to approve an amendment to the Company’s Stock Option Plan, as is more particularly described in the accompanying Information Circular;

  7. To consider and, if deemed advisable, pass a resolution to approve the removal of the consequences of the Company failing to complete a Qualifying Transaction within 24 months of the Company's date of listing on the TSX Venture Exchange, as is more particularly described in the accompanying Information Circular;

  8. To consider and, if deemed advisable, pass a resolution to approve the amendment of the escrow release conditions and certain other provisions of the Escrow Agreement, as is more particularly described in the accompanying Information Circular;

  9. To consider and, if deemed advisable, pass a resolution to approve the payment of a finder's fee or commission by the Company to a Non-Arm's Length Party to the Company upon completion of a qualifying transaction, as is more particularly described in the accompanying Information Circular;

  10. To consider, and if deemed advisable, approve, with or without modification, the ordinary resolution of disinterested shareholders relating to the approval of the Company’s omnibus long-term incentive plan, as is more particularly described in the accompanying Information Circular; and

  11. To transact such other business as may come before the meeting;

all as more particularly set out in the accompanying Information Circular. The form of proxy accompanies this Notice. The audited financial statements, auditors’ report and management’s discussion and analysis have been delivered to those shareholders who indicated to the Company that they wished to receive copies of same.

The Company intends to hold the Meeting in person. However, due to the COVID-19 pandemic, to mitigate risk to the health and safety of our communities and shareholders, the Company requests that shareholders not attend the Meeting in person. The Company encourages shareholders to instead vote their shares in advance of the Meeting via mail, facsimile or online. No management presentation will be made at the Meeting.

The Company will also be holding a viewing-only portion of the Meeting electronically. Shareholders will not be able to vote if they are only viewing the Meeting electronically and therefore the Company strongly advises that any Shareholder who wishes to vote at the Meeting vote in advance of the Meeting and in any event at least 48 hours in advance of the Meeting or any postponement or adjournment thereof. Shareholders are reminded that only Shareholders and duly appointed proxyholders will be permitted to attend the Meeting by electronic means. If any shareholder does wish to attend the Meeting in person, please contact Randy Clifford at (780) 466-6006 or by email at [email protected] in order for arrangements to be made that comply with all recommendations, regulations and orders related to the COVID-19 pandemic in respect of attending the Meeting in person or to pre-register with the Company to attend the Meeting online on a viewingonly basis and receive the necessary Meeting login details.. The Meeting can accommodate no more than two shareholders in person. No shareholder who is experiencing any symptoms of COVID-19, including fever, cough or difficulty breathing will be permitted to attend the Meeting in person. The Company may take additional precautionary measures in relation to the Meeting as necessary in response to further developments related to the COVID-19

pandemic and shall comply with all applicable recommendations, regulations and orders related thereto. In the event it is not possible or advisable to hold the Meeting in person, the Company will announce alternative arrangements for the Meeting as promptly as practicable, which may include holding the Meeting entirely by electronic means.

The Directors have fixed the close of business on March 30, 2021 as the record date for determination of shareholders entitled to notice of and the right to vote at the Meeting either in person or by proxy. A shareholder who is unable to attend the Meeting in person and who wishes to ensure that their shares will be voted at the Meeting, is requested to complete, date and execute the enclosed form of Proxy and deliver it to the Company’s transfer agent: Computershare Investor Services Inc. , 8[th] Floor, 100 University Avenue, Toronto, Ontario, Canada, M5J 2Y1, by fax, hand, online or by mail in accordance with the instructions set out in the form of Proxy and Management Proxy Circular.

DATED at the City of Edmonton, in the Province of Alberta, as of April 10, 2021.

BY ORDER OF THE BOARD OF DIRECTORS

Signed “John Randolph Clifford”

JOHN RANDOLPH CLIFFORD CEO, CFO, Corporate Secretary & Director