Strad Energy Services Ltd. entered into an agreement with Ewing Morris pursuant to which the Company has agreed to appoint Lee Matheson, a partner of Ewing Morris, to the Board and to include Mr. Matheson on the slate of directors proposed for election at the Meeting, along with the seven (7) nominees proposed by management and which have been agreed to by Ewing Morris. Mr. Matheson is a Partner at Ewing Morris & Co. Investment Partners Ltd. ("Ewing Morris") since 2017. Mr. Matheson is currently a director of the Canadian Art Foundation and serves as a board member for exactEarth Ltd. and Echelon Financial Holdings Inc. Prior thereto, he was a principal of Broadview Capital Management Inc.