941,250 Warrants of SolarBank Corporation are subject to a Lock-Up Agreement Ending on 1-MAR-2024. These Warrants will be under lockup for 366 days starting from 1-MAR-2023 to 1-MAR-2024.

Details:
The non-Principal existing holders of Common Shares have agreed to contractual escrow terms (the ?Voluntary Escrow?), being a 36 month voluntary trading restriction where 10% of each holder?s shares are released at the Listing Date, and 15% of each holder?s shares are released at the six, twelve, eighteen, twenty-four, thirty and thirty-six month anniversaries of the Listing Date. Any Common Shares issuable on the exercise of 6,275,000 Warrants and 1,005,000 Stock Options are subject to the same terms of the Voluntary Escrow.