ZTEST Electronics Inc. — Regulatory Filings 2023

Oct 27, 2023

FORM 13-502F1 CLASS 1 AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE

MANAGEMENT CERTIFICATION

I, KINDY, Michael, an officer of the reporting issuer noted below have examined this Form 13-502F1 (the Form ) being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

(s)KINDY, Michael 27 Oct 2023 Name: KINDY, Michael Date: Title: Chief Financial Officer

ZTEST Electronics Inc. / ZTEST Electronics Inc. Reporting Issuer Name: (000005515) End date of previous financial year: 30 Jun 2023 Type of Reporting Issuer: [X] Class 1 reporting issuer [_] Class 3B reporting issuer Highest Trading Marketplace: Canadian Securities Exchange (CSE)

(refer to the definition of “highest trading marketplace” under OSC Rule 13-502 Fees)

Market value of listed or quoted equity securities:

(in Canadian Dollars - refer to section 36 of OSC Rule 13-502 Fees)

Equity Symbol ZTE 1st Quarterly Trading Period (dd/mm/yy) 01/07/22 to 30/09/22 (refer to the definition of "quarterly period" under OSC Rule 13-502 Fees) Closing price of the security in the class or series on the last trading $ 0.055 day of the quarterly trading period in which such security was listed or (i) quoted on the highest trading marketplace Number of securities in the class or series of such security outstanding 26687196 at the end of the last trading day of the quarterly trading period

(ii)

Market value of class or series(i) x (ii)	$ 1467795.78(A)
2nd Quarterly Trading Period(dd/mm/yy)	01/10/22 to 31/12/22
(refer to the definition of "quarterly period" under OSC Rule 13-502
Fees)
Closing price of the security in the class or series on the last trading	$ 0.03
day of the quarterly trading period in which such security was listed orquoted on the highest trading marketplace	(iii)
Number of securities in the class or series of such security outstanding	26687196
at the end of the last trading day of the quarterly trading period	(iv)
Market value of class or series(iii) x (iv)	$ 800615.88(B)
3rd Quarterly Trading Period(dd/mm/yy)	03/01/23 to 31/03/23
(refer to the definition of "quarterly period" under OSC Rule 13-502
Fees)
Closing price of the security in the class or series on the last trading	$ 0.04
day of the quarterly trading period in which such security was listed orquoted on the highest trading marketplace	(v)
Number of securities in the class or series of such security outstanding	26687196
at the end of the last trading day of the quarterly trading period	(vi)
Market value of class or series(v) x (vi)	$ 1067487.84(C)
4th Quarterly Trading Period(dd/mm/yy)	01/04/23 to 30/06/23
(refer to the definition of "quarterly period" under OSC Rule 13-502
Fees)
Closing price of the security in the class or series on the last trading day	$ 0.075
of the quarterly trading period in which such security was listed or	(vii)
quoted on the highest trading marketplace

Number of securities in the class or series of such security outstanding	26687196
at the end of the last trading day of the quarterly trading period	(viii)
Market value of class or series(vii) x (viii)	$ 2001539.70(D)
Average Market Value of Class or Series(Calculate the simple	$ 1334359.80
average of the market value of the class or series of security for eachapplicable quarterly period (i.e. A through D above))	(1)

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary pursuant to paragraph 9(1)(b) of OSC Rule 13-502 Fees, if applicable) that was listed or quoted on a marketplace at the end of the last trading day of each quarterly period in the previous financial year of the reporting issuer)

Fair value of outstanding debt securities:

(See paragraph 9(1)(c), and if applicable, paragraphs 9(1)(d) and (e) of OSC Rule 13-502 Fees)

	value of outstanding debt securities:paragraph 9(1)(c), and if applicable, paRule 13-502 Fees)	value of outstanding debt securities:paragraph 9(1)(c), and if applicable, paRule 13-502 Fees)	ragraphs 9(1)	(d) and (e) o	f
(ProvCapitParti(ForFees,(ForFees,Late(As dTotal(Parti	ide detaializatiocipationClass 1 reselect thClass 3Bselect th**Fee,**if aetermineFee Paycipation					$ 0.00(2)$ 1,334,359.80$ 750.00$ 0.00$ 750.00
		ls of how value was determinen for the previous financial y	d)ear (1) + (2)
		Feeporting issuers, from Appende participation fee)reporting issuers, from Appene participation fee)pplicabled under section 8 of OSC RuleableFee plus Late Fee)	ix A of OSCdix B of OS13-502 Fee	Rule 13-502C Rule 13-50s)	2