HOOS: Heavy Oil Operating SystemSmart Low-Cost Lifting Solution

HOOS TECHNOLOGIES CORP.

Disclaimer

This overview is for informational purposes only and does not constitute an offer to sell or a solicitation of anoffer to buy any securities. Any such offer will be made only pursuant to a private placement subscriptionagreement that will be provided in connection with any such offering. The information contained in thispresentation includes (or is based in part on) projections, valuations, estimates and other financial data. Thisinformation has not been verified or substantiated by any third party sources. This information should not berelied upon for the purpose of making an investment. Any information regarding projected or estimatedvalues, investment returns or distributions are estimates only and should not be considered indicative of theactual results that may be realized or predictive of any investment. This presentation is preliminary in nature.This presentation is confidential, and the information contained herein is not to be made available to thirdparties and in particular must not be made available to the public nor be made available in jurisdictionswhere this would be contrary to local laws and regulations. Recipients of this presentation are required toinform themselves of and to comply with all applicable local laws and regulations in any jurisdiction in whichthey receive or use this presentation.

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Agenda

Introduction 4

HOOS Leadership The Opportunity The HOOS Solution Strategy and Business Model Investment Model – Kazakhstan

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Cash-flow Forecasts 29

Investment Opportunity Corporate Structure

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Summary 33

Contact Info 34

Appendixes 35

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Introduction HOOS Technologies Corp. (a Canadian company with a wholly owned technology

subsidiary Green Light Group SRL) has developed a proprietary oil lifting solution to address a $100+ billion market opportunity of heavy oil production. Heavy oil represents over 70% of known global oil reserves.

HOOS (Heavy Oil Operating System) is an artificial lifting technology which replaces vertical pumping with vertical transportation

Unique lifting solution that HOOS has patented with no comparable alternative

Benefits include improved productivity, cost and energy efficiency, extreme reliability, security and a favorable environmental impact

Provides a complete IT and AI smart solution for remote, cloud-based control of individual well production, along with real time production data reporting

Market opportunity exists when oil prices drop and E&P organizations shift strategic focus from volume of production to efficiency of production. The HOOS solution provided increased recovery + increased production + decrease costs (Capex & Opex).

The HOOS technology has already been introduced to global players in the oil and gas industry, and received written interest from MOL (Hungary), AlbPetrol and Transoilgroup ANG (Albania), Petrom (Romania), Kuwait Oil Company, Kazmunaigas (Kazakhstan), Tanmia (Egypt), ONGC (India), Rosneft (Russia) and others.

The HOOS team includes senior experts in various industry and technology fields: oil and gas, mechanical engineering, telecommunications and IT, business and economy.

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2015 - 2016Concept/Innovation

• Market analysis, heavy oil is large low recovery resource representing 70% of known global oil reserves.

• Develop vertical transportation technology in conjunction with IT control systems to establish smart low cost lifting solution.

• Patent filed in April 2016 in Romania and extended globally in April 2017

• Build HOOS team including senior experts in various industry and technology fields including oil and gas, mechanics, telecommunications and IT, business and economy.

• Establish HOOS Technologies Corp (Canadian registered co.) with wholly owned technology subsidiary Green Light Group SRL.

• Manufacture proto-type HOOS units for pilot testing in Romania, Hungary and Albania.

• Engineer improvements to the surface lifting pulley design, fluid separation/ pumping/heating mechanisms and belt centralization from surface unit within casing/tubing.

• Analyze and develop belt design for improved absorption, pull strength and durability.

• Innovate IT control systems and software (developed in-house by Green Light).

Introduction - HOOS Pathway

2017 – 2018IT/EngineeringDevelopment

2018 – 2019Pilot Testing/Contract

Negotiation

2020 – 2021CommercialExpansion

• Pilot/Field Testing (9 wells)• 5 wells in Romania• 2 wells in Hungary• 2 wells in Albania

• Continuous Improvements made to HOOS from test results.

• HOOS technology has been introduced to several global players in the oil industry.

• Written interest including MOU’s in some cases received from MOL (Hungary), Albpetrol and Transoil Group (Albania), Petrom (Romania), Kuwait Oil Company, Kazmunaigas (Kazakhstan), Rosneft (Russia), Tanmia (Egypt), ONGC (India) and others.

• Raise $10 million additional equity capital to engage in commercial contracts.

• Establish steady Cash-flow and performance history of proto-type units in priority jurisdictions.

• Move into commercial contracts with priority jurisdictions (Kazakhstan, Egypt and India).

• Raise further capital through debt lenders.

• Purchase facility in Romania for large scale manufacturing of HOOS units.

• Fulfill 100 unit order with ONGC (India), 300 unit order with Kazmunaigas, 300 unit order with Tanmia (Egypt).

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HOOS Leadership TeamDr. Elisei CraciunBSc (Hons), MBA, PhD.Founder and Inventor of HOOS TechnologyCEO & President, Director

Started career as a software engineer and project manager, working for various international technology companies.Founder and CEO of Romania’s leading medical solution software company and developer of its main product"Hipocrate” (2002 – 2007). Developed specific Oil & Gas experience from technical consulting for various internationalcompanies such as Nestle, SBB, SAP, Tieto, Petrom and OMV. After identifying the industry’s oil production challengeand market opportunity, he developed the Heavy Oil Operating System "HOOS", a pioneering technology that changesthe paradigm of vertical pumping to vertical transportation of crude oil.

Academics & Awards:Awarded Master of ASP development, becoming the world’s number one ASP developer (2000).PhD in Human Capital at the Romanian Academy. MBA at the Open University Business School in Milton Keynes, UK. BSc (Hons) in Automation and Computer Sciences , Politechnica University of Bucharest.Romania’s National Light Heavy Weight Wrestling Champion (undefeated for 10 years). Represented Romania in the World Physics Olympiad as a high school student.

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Douglas Urch (Financial Advisor)Mr. Urch brings over 35 years of international oil and gas experience to the executive team of HOOS TechnologiesCorp. From 2008 to 2018, he was EVP & CFO of Bankers Petroleum Ltd. (TSX and AIM listed), operating in Albania.From 2000 to 2008, he was VP & CFO of Rally Energy Corp. (TSX listed), operating in Egypt. His internationalexperience includes the United States of America, Albania, Peru, Egypt, Colombia, Pakistan, Turkey and Hungary.Mr. Urch has been a Director for both listed and private companies and has provided financial managementservices for a variety of companies. He is the CFO of PetroTal Corp. (TAL-TSXV) (PTAL–AIM), having resourceinterests in Peru, and Blue Moon Zinc (MOON-TSXV), having mining interests in California. He is a CharteredProfessional Accountant (CPA) and a designated member of the Institute of Corporate Directors (ICD). Mr. Urchgraduated in 1980 from the University of Calgary with a Commerce degree.

HOOS Leadership- continued

Nasim Tyab (Chairman of the Board of Directors)Mr. Tyab is an entrepreneur and financier with over 20 years experience in the international capital markets.Co-founder and a director of Mohave Exploration & Production Inc. (2006 to 2010), an oil & gas company whichamalgamated with Porto Energy Corp, raising $100 million.

Suneel Gupta, M.Sc., P.Eng. (Director)Mr. Gupta is a senior executive in the international petroleum industry with over 30 years of experience and asuccessful track record of value creation in oil and gas. He is a co-founder of Bankers Petroleum Ltd. in 2004 andheld several key roles with the Company including President & CEO and EVP & COO for 8 years. Mr. Gupta has beendirectly involved in growing the company from 500 bopd (2004) to over 22,000 bopd (2014) and more thandoubling booked reserves for the assets in Albania. Prior to Bankers he held senior positions with severalpetroleum companies including Husky Energy Inc., Renaissance Energy Ltd. and Chevron Canada Resources Ltd. Mr.Gupta was awarded Chief Operating Officer of the Year, Alberta Oil Magazine (2015) and holds a B.Sc. and M.Sc. inChemical Engineering from the University of Calgary.

Silviu Moldovan (Director)Mr. Moldovan holds a Mechanical Engineering degree from the University of Transylvania, Romania. Hisbackground includes mechanical engineering design, consulting and corporate advisory to private and publiccompanies. He is a seasoned professional with over 30 years experience in the international capital markets,corporate strategic development, strategic planning and corporate restructuring within the resources sector.

Anthony Clements (Advisor to the Board)Mr. Clements co-managed Postel’s (now Hermes Investment Management) multi-billion dollar North Americanresource-oriented portfolio. In 1987, he moved into corporate finance and sales for Australian and North Americanresource issuers in particular. His employments included T. Hoare and Co. (now Canaccord Genuity) and YorktonSecurities Inc. before being appointed Head of Corporate Finance at ODL Securities in 2000 where he remaineduntil 2010. Mr. Clements then joined Fox Davies Capital Limited (London-based firm focused on mining and oil andgas). The last few years has focused on his responsibilities as advisor, director and shareholder in several resourceorientated companies.

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Heavy oil reserves are under-developed due to technological challenges, high capital costs (Capex) and high operating costs (Opex).

The chart shows the increasing spread between available recoverable resources and oil produced, as viscosity increases

The ability to cost-effectively extract heavy oil can increase global crude oil production by over 20% and increase the recoverable amount of heavy oil

This is HOOS’ market gap!

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The Opportunity - Market Gap

**Heavy oil reserves are under- represented as a share of production**

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The Opportunity - Resource

Heavy Oil and Natural Bitumen Resources in Geological Basins of the World (USGS, 2007)

Resource Opportunity: Most of the World’s known Oil Reserves are Heavy Oil

World oil resource split is 70% heavy oil vs. 30% conventional oil

Conventional production methods are ineffective technically and cost prohibitive to allow high % recovery of the heavy oil resource

Vertical transportation compared to vertical pumping is an effective way to lift heavy oil that is viscous and often has large content of paraffin, sand etc. and allowing higher % recovery of the heavy oil resource

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The Opportunity - MarketMarket Opportunity: When the oil price drops, E&P organizations move their focus from new resource exploration and increased volume of production to improved efficiency of production

In 2014, the global crude oil price crashed from a past average of $110/bbl to a present average of $50/bbl.

The down-turn shaved off more than 50% of crude oil production company earnings.

When oil prices drop, E&P organizations shift strategic focus from volume of production to efficiency of production.

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The Opportunity - Technology

Secondary or Tertiary Recovery technologies that change reservoir conditions enable improved recovery of heavy oil, but at higher Capex and Opex per barrel with additional inefficiencies.

Steam injection to heat and pressurize oil allows pumping and improved recovery as viscosity decreases with increased temperature, but limitations include high cost to procure boilers or turbines, high cost of fuel gas to run boilers, source availability of water and gas and intensity of environmental footprint.

Water and Polymer Floods also enable improved recovery but have high Capex and Opex associated with them.

Conventional sucker rod pumps and PC-pumps can lift heavy oil but require intermittent replacement with service rig operations which increases the Opex as does disposal of rods and tubing which often become naturally radioactive due to their usage.

Conventional pump technologies do not take advantage of latest advances in Nanotechnology, I.T.,A.I. and Telecoms.

Technology Opportunity: Conventional Technology to improve heavy oil recovery can be Expensive, Inefficient with a large Environmental Footprint

HOOS is a new artificial oil lifting solution focused on medium and heavy oil reserves using an oil absorbent, continuous belt.

In contrast with traditional technologies, it replaces vertical pumping with vertical transportation.

It replaces the need for down-hole pumps, rods strings, tubing and down-hole chemicals.

The technology is augmented as part of the digital oilfield innovation era with a fully featured IT operating system providing on-line communication, remote control and production optimization.

It was designed with a focus on optimized production, energy efficiency, extreme reliability and care for the environment.

The HOOS Solution

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Surface unit− Driving− Collecting Oil

Surface components

Sub-surface components

Production measurement unit

Downhole unit

Increase production time Decrease workovers Reduce energy and costs

Replacing Pumping with ‘Vertical Transportation’

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Continuous Optimization

Proprietary Well Operating System monitors and records every parameter of the running equipment.

Continuous remote monitoring, optimization and cloud operability of each HOOS unit

Continuous monitoring includes instantaneous production, power consumption, belt speed & temperatures, through a secure VPN to a central cloud server.

The cloud server summarizes HOOS unit operations: GIS positioning, contextual menus, operating calendar, intelligent schedules, workflows, alerts, production history and cost forecast.

Measures production in real time in a meaningful dashboard display.

The primary design of HOOS is to operate in bare casing, in order to cut unnecessary operational complexities and reduce costs.

When operating within casing, the installation operations follow 9 easy steps:

1. Install BOP / technical leg2. Install down-hole / pipes3. Install driving unit4. Install belt at surface5. Drop belt to required depth6. Seal the belt7. Install metering unit8. Perform optimization9. Start production

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Field Installation Operations

HOOS operating concept is significantly different from traditional technologies, in that the fluid is transported and not pumped to surface.

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HOOS Sand and Water Solution

water oil

Key Operating Differences:1. There is no suction or down-hole pump,

therefore no valve to be damaged by excessive sand wear or fluid volume wear.

2. There is no rod string or tubing in typical installation that needs to be driven from surface and exhibits wear or cracking fatigue over time.

3. Oil and sand stick to the belt, while water flows down and is not lifted to surface.

4. At the surface, oil is simply scraped from the belt, therefore no mechanical damage from sand wear or plugging.

5. In all our test, if the water content is lower than 70%, the water does not accumulate, nor does the well get flooded

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HOOS Gas Handling HOOS is a natural separator of

gas and oil.

The surface unit acts as an extension of the casing, therefore gas floats freely from the perforations to the surface and inside the surface unit, driven by the pressure. Then, on the right side of the surface unit there is a special flange (red bullet) where the gas can be collected and sent to the main line or converted into power and co-generation.

Oil goes downwards to the metering unit, it is measured and the pushed forward to the tank or to the gathering park.

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Production in Casing or TubingWell casing

Downwards belt

Upwards belt

Well casing

Tubing

Downwards belt

Upwards belt

Pictures show a transversal (horizontal plan) section thru casing/tubing/belt

Production Without Tubing Production within tubing is not a

prerequisite of HOOS

Belt is directly inserted into the well casing and the downhole unit is suspended through the belt itself

Belt travels free within bare casing

Due to increased space, belt is wider which accounts for higher productivity (20-100 m3/day)

Production With Tubing Depending on country specific

regulations, HOOS is able to operate within tubing

Belt is inserted through production tubing, which takes the role of protecting the belt, centralizing, preventing rotation and improved tension in the belt to allow vertical oil transportation

Optimum tubing size is 6”, 4.5” and 3.5”, the higher the better

Belt section will be smaller due to limited tubing dimensions

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Belt Centralization in Tubing

Connection component horizontal section

Connectioncomponent3D view

Downward belt

Upward belt

If required, HOOS is able to operate within tubing, with just a few simple modifications from standard operations:1. Down-hole unit is replaced by a perforated

tubing, having inserted a rotating pulley linked with long and elastic springs

2. As tubing units are inserted, both ends of the production belt are pulled through tubing

3. A special connection component is insertedin-between two tubing units in order to maintain belt centralization and avoid belt wearing on the tubing walls

4. Connection component features a set of wheels, bigger in the center and smaller on the external walls, that help reduce vibrations and keep the belt centered within the tubing

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The HOOS Energy AdvantageTransport lifting is 10X more energy efficient than suction and pumping

Conventional lift technology uses more energy than HOOS and gets more expensive as oil gets thicker and heavier due to efficiency losses in pumping.

HOOS is more energy efficient overall than pumping, because viscosity aids lift efficiency, HOOS technology uses LESS energy as oil gets heavier and thicker.

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The HOOS Cost Advantage

For traditional pump based technologies the cost per bbl increases with well impurities or viscosity, while HOOS costs per bbl steadily decrease. The more viscous or sandy the oil, the lower the lifting costs per bbl relative to traditional technologies.

HOOS addresses production challenges inherent in pump-based technologies, specifically for sandy oil, viscous oil, high paraffin content, high water-cut or high GOR wells with steady, consistent fluid transport.

HOOS has a clear energy efficiency advantage compared to current pumping technologies: power consumption reduction from 1MWh down to 0.065 MWh while significantly increasing production.

Further cost reductions resulting from reduced work-over frequency to repair down-hole pumps and eliminating the costs of pumps, tubing, and rods.

Lower cost lifting solution with steady transport, high energy efficiency and reduced well servicing frequency

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HOOS Commercial Benefits

Commercial Benefits: HOOS technology reduces lifting cost of heavy oil production to as low as $2 /bbl

o Power usage significantly reduced by 80-98% compared to conventional pump-based lifting

o Well servicing and down-hole repair costs significantly reduced with surface drive of transport belt and limited down-hole configuration

o Production time significantly increased with steady transport of challenging oil

o Water-cut significantly reduced.

Market Competitive Advantage:o Large resource Heavy Oil niche market not

targeted for development and production due to prohibitive cost structure.

o No competitors for vertical transportation of heavy oil on the market today.

o First mover advantage with patented technology. HOOS patent was filed in Romania in April 2016 and extended globally with WIPO procedure in April 2017.

Reduces lifting costs to less than $2 /bbl and first mover market advantage

HOOS Environmental Benefits

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Conventional Sucker Rod Pump (Blue & Yellow) besides the HOOS Unit (Green) that has replaced it

Environmental Advantage:o Reduced energy consumption and carbon

foot-print with surface transport belt drive and no down-hole pumping.

o Small surface foot-print of drive unit compared to conventional pump-jack or PC-pump systems.

o Limited spills and emissions with fully contained surface unit tied directly into production pipelines.

o Lifting solution does not require source water, additional fuel gas or chemicals to improve performance.

o Down-hole configuration is limited with no rod string, tubing or down-hole pump removing disposal concerns of potentially radioactive tubulars after down-hole use.

o Transport belts do not become radioactive and can be recycled or used for construction material.

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Small Carbon and Surface Foot-print with fully contained surface unit

HOOS Pilot Test ResultsImprovement compared to Conventional Sucker Rod Pumping Systems

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From To From To % From ToOMV Petrom Videle

12 14 10% Sand 300 180 350 120 20 83% 30 0 12 None 8 48 Internal Proof of concept

Mol Demjen 1 7 24 Paraffin 205 150 350 1000 88 91% 30 0 2 None 10 60 Contract signed

Mol Demjen 2 7 28 Paraffin 210 150 350 500 81 84% 60 5 3 None 7 54 Contract signed

AlbPetrol Visoke

3 10 4% Sand 980 180 350 4000 40 99% 70 10 2 None 25 150 Contract signed

Power usage at high depth

AlbPetrol Patos

3 5 2% Sand 310 200 350 1200 25 98% 0 0 3 None 6 30 Contract signed

Operation in extra-heavy oil

Obs Objective

Continous operation in extra viscous oil

Peak production (bbl/24h)

Peak production (bbl/h*24)

Productivity (days/year)

Water-cut (%)

Workover (per year)

Location Time (Month)

API Impurities Depth (m)

Power usage (kWh)

The objectives of the pilot tests were not peak oil production levels but were focused on testing the HOOS unit for development enhancements, moving oil at lower costs than previous and agreeing to candidate wells offered by operators that were shut-in and/or extremely challenging to produce wells. In other words, the pilot test wells were successful in achieving the objectives of the trials but were not specifically focused on optimum candidate criteria while wells selected under the MOUs in India, Kazakhstan and Egypt will be focused on commercial oil production for the benefit of HOOS and the operators

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Well Selection Criteria

Water-cut less than 70% is optimum for HOOS transport lifting as testing indicates that below 70% water-cut accumulation/flooding is not a concern in the well-bore.

Solids (sand, paraffin, asphaltenes) and viscous oil are not limiting factors for HOOS as performance of absorption/sticking to the transport belt are improved at lower API grades of oil.

Gas is not a limitation as interference concerns do not affect the production of heavy oil as the fluid is not pumped but transported and the larger diameter casing conduit to surface allows break-out of gas from the oil more effectively.

Sour corrosive conditions are not a concern as the transport belt is not affected by corrosion and the surface unit is fully contained and connected to production pipelines.

Vertical well configuration from surface to top of fluid column is optimum for centralization of the transport belt, however, advances have been made and continue by HOOS for centralizing the belt inside tubing and casing.

Well casing condition in terms of smoothness and structural collapse strength is not a concern as the HOOS technology does not create stress on the tubulars with high draw-down (high pressure differential) production.

Active well or recently producing wells are better candidates as shut-in wells need to be un-loaded first of built-up stagnant and potentially degraded fluid in the well.

Optimum Candidate well is focused on Verticality and Water-cut less than 70%

HOOS has an opportunity to acquire the manufacturing plant which is currently producing its units under contract. The manufacturing facility could scale up output to produce over 500 HOOS units per month if required.

HOOS is able to acquire this facility on attractive terms from the employee owners thereby recognizing potential long term synergies. The acquisition would substantially reduce the HOOS unit manufacturing costs.

The manufacturing plant is the second largest Romanian oil and gas equipment producer with annual revenues of ~€10m and profits of ~ €1m per year.

200,000 sqm of land and production halls and 13,000 sqm of storage space.

In-house railroad, immediate access to highway, 3 hours to Constanta Black Sea harbor.

In-house integrated production facilities: computer assisted engineering, foundry, steel cutting, light and heavy industrial welding, CNC machinery, assembly lines.

In-house engineering and R&D facilities: trained, experienced and specialized personnel, software licenses.

In-house QA facilities: labs (traction, resilience, Charpy, stretch, breaking points), test stands (hydraulic pressure, gas pressure, stripping).

Global chain of sales partners (American, European, Russian, Arab, Asian markets).

Option to ScaleProduction Scaling Capacity and Acquisition Prospect of Manufacturing Facility is available and can be advanced

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Production Facility: 200,000 sqm (20 hectares) of land covered by production facilities (see the red perimeter), including railroad on the upper right

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Target Production Facility (outlined in red)

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Certified and verified supply value chain

Significant reduction in production costs

IP protection in terms of production know how

Access to industry certifications and know how (API, GOST-R,Rostechnadzor, PED)

Access to global chain of industry specialized distribution partners

Labs

Increases Growth

Pace

450+ experts

FasterR&D Cycles

ImprovedProduction

Value Quality

Infrastructure Close to

The Sea

A $5M investment is recovered after the production of the first 250 HOOS units. Expected $20,000 cost reduction per unit (materials, works, timing, transport).

Manufacturing Facility Prospect

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20 ha

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Strategy and Business ModelContinue Validation of HOOS Solution with Commercial Performance

Innovation, development and extensive in-field testing of HOOS technology is complete with successful trials and technical due diligence assessments by a number of oil companies in the pilot host countries (Hungary, Romania, Albania).

Based on positive industry reception of the HOOS technology, the business strategy has been evolved to a service model which involves the creation of operating partnerships managed by HOOS and sponsored partners.

Several national oil companies including in Albania, Iraq, Kuwait, Russia, China, etc. have expressed high interest in HOOS. Our strategy will be to create operating partnerships with each of these national oil companies to address the huge market potential with NOCs.

The advantages of the adopted model are broad and include long term profit sharing in the targeted resources, while maintaining control over the HOOS patented equipment.

HOOS will provide the technology and the host company will grant the oilfield production right. As a service provider to the oilfield operator, HOOS’ sole responsibility will be to install and operate the HOOS unit and bring oil to surface, at which time the oilfield operator maintains all aspects of the oilfield and engagement with local stakeholders.

MoU’s have been signed and commercial expansion is ready to commence:

o Kazakhstan: 3 prototypes, leading to 300 wells initially committed.o Egypt: 2 prototypes, leading to 300 wells initially committed.o India: 2 prototypes, leading to 400 wells initially committed.

Focused Strategy in 2020 and 2021 will be to install HOOS units under commercial contracts in these countries for further validation of the HOOS Solution and performance history.

Investment Model – Kazakhstan

KazakhstanFlag

+++ Heavy Oil Production

Investment

Invest financial resources and HOOS technology to increase heavy oil production

A local service company will be created

Part of HOOS Technology production will be localized

Investment will provideo Production technologyo Experience and know howo Information technology

Operations will be managed with local workforce

Initial field of 300 wells has been offered in the MoU

Kazakhstan will benefit from positive cash-flow from previously uneconomic wells

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Cash-flow Forecast Scenarios

CAD $ millions Year 1 Year 2 Year 3 Cumulative

Kazakhstan Base Case (300 wel ls @Euro871/day)CF from Operations $56 $102 $105 $263

Capital Expenditures $18 $2 $2 $22Net CF Generated $38 $100 $103 $241

Net CF/share $0.67 $1.75 $1.81 $4.23

Egypt Base Case (300 wel ls @Euro450/day)CF from Operations $29 $53 $56 $138

Capital Expenditures $18 $2 $2 $22Net CF Generated $11 $51 $54 $116

Net CF/share $0.19 $0.89 $0.95 $2.04

India Base Case (100 wel ls @Euro176/day)CF from Operations $7 $8 $8 $23

Capital Expenditures $6 $1 $1 $8Net CF Generated $1 $7 $7 $15

Net CF/share $0.02 $0.12 $0.12 $0.26

Combined Base Case

CF from Operations $92 $163 $169 $424Capital Expenditures $42 $5 $5 $52Net CF Generated $50 $158 $164 $372

Net CF/share $0.88 $2.77 $2.88 $6.53

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MOU Basis is Day Rate per installed HOOS unit but future move to Unit Rate per bbl

HOOS Investment Opportunity

2019 2020 2021

October November December January February March April May June July August September October November December January February March April May June

Procurement of EquipmentPilot TestingIndia

Kazakhstan

Egypt

Acq. of Production FactoryProduction of UnitsCash Flow

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Due to COVID19, HOOS will look to raise a bridge financing of up to $1 million at $0.35/share, in order to fund the ongoing pilot with ONGC.

HOOS Technologies Corp. is also looking to do a follow-on financing of up to $10 million, to be priced based on accomplished milestones. Potential opportunity to increase capital raise to $25 million, contingent on additionalcontracts.

The funds will initially be used to facilitate commencement of the India, Kazakhstan and Egypt contracts, scale up production of HOOS units to fulfill the contracts, acquiring the manufacturing facility, as well as securing further contracts (which are currently at advanced stages of negotiation).

Although initially the pilot with India’s ONGC was planned to launch in March 2020, the start was delayed due to COVID 19. However, the 2 proto-type units have been shipped and are currently in India, awaiting air travel to reopen. After a successful pilot, HOOS expects to execute a commercial contract in 2H 2020.

Execute commercial contracts in Kazakhstan and Egypt upon successful pilot results in 2H 2020.

Raise equity funds in Q2 2020 to support pilots and commercial contract expansion in India and then additional funds through a combination of debt and equity in 2H 2020 for Kazakhstan and Egypt.

Option to acquire manufacturing facility after raising funds or procuring additional HOOS units in 2H 2020.

Capital Strategy

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Acquisition of Prod'n Factory $5,000,000

HOOS Units $2,000,000

Country Operations: Kazakhstan $950,000Egypt $950,000India $160,000

Total Country Operations $2,060,000

Equipment:Refurbished Units $100,000New Belts $30,000IT Equipment $10,000

Total Equipment $140,000

G&A Costs $150,000

Financing Costs $150,000

Marketing $50,000

Working Capital $450,000

Total $10,000,000

Use of Proceeds for Subsequent Financing

Corporate Structure

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HOOS Technologies Corp. (“HOOS”) is private company incorporated in Canada in 2017.

HOOS acquired 100% of Green Light Group SRL, a wholly owned technology subsidiary, in Feb 2018, through issuance of HOOS equity.

Current Private Placement round of up to $1 million to fund pilot project in India leading to commercial contract.

Date Shares (MM) %

Founders & Management Dec '17 8.0 15.5%

Green Light Group Acq. 100% Feb '18 32.0 61.9%

Private Placements Dec '17 - Aug '19 7.3 14.1%

Shares for debt Jul '18 1.4 2.7%

Total 48.7

Options Oct '18 0.6 1.2%

Jan '19 2.4 4.6%

Total - Fully Diluted 51.7 100.0%

HOOS Summary

High Oil Prices – focus on production

Reduce workover costs by 70% for all applications.

Resolve challenges and increase efficiency oflifting heavy, viscous, sandy, high GOR oil.

Reduce power consumption by up to 95% for viscous oil.

Permanently cut costs for tubing, down-holepumps, rod strings and large HP surface drive units.

Gather real time data from wells through the built-in oil operating system. Remote control well production.

Environmentally friendly with smaller carbon and surface footprints.

Commercially viable re-activation of marginal heavy oil wells to increase recovery and production at low oil prices.

Low Oil Prices – focus on productivity, use HOOS

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Contact Info

HOOS Technologies Corp.1400 – 1040 West Georgia Street Vancouver, B.C., Canada, V6E 4H1

www.hooscorp.com

Nasim Tyab, Director

Tel: +1 (604) 306-2886nasim@hooscorp.com

Suneel Gupta, Director

Tel: +1 (403) 470-7080sgupta@hooscorp.com

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APPENDIX: TRIAL RESULTS

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Performance Data

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Location Time (Month)

API Impurities

Depth (m)

Productivity (days/year)

Power usage (kWh)

Water-cut (%)

Workover (per year)

Peak production (bbl/24h)

Peak production (bbl/h*24)

Obs Objective

From To From To % From To

OMV Petrom Videle

12 1410% Sand

300 180 350 120 20 83% 30 0 12None

8 48Internal Proof of concept

Mol Demjen 1

7 24Paraffin 205 150 350 1000 88 91% 30 0 2None

10 60Contract signed

Continuous operation in extra viscous oil

Mol Demjen 2

7 28Paraffin 210 150 350 500 81 84% 60 5 3None

7 54Contract signed

AlbPetrol Visoke

3 104% Sand 980 180 350 4000 40 99% 70 10 2None

25 150Contract signed

Power usage at high depth

AlbPetrol Patos

3 52% Sand 310 200 350 1200 25 98% 0 0 3None

6 30Contract signed

Operation in extra-heavy oil

Reduced Energy Use

83% 91% 84% 99% 98%

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ComparisonHOOS vs. Sucker Rod Pumping Systems

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0

100

50

200

150

300

250

350

FS Videle Mol Demjen 1 Mol Demjen 2 AlbPetrol Visoke

AlbPetrol Patos

Day

s /ye

ar

Wells

SRP

HOOS

94% 133% 133 94% 75%%

$400.00

$350.00

$300.00

$250.00

$200.00

$150.00

$100.00

$50.00

$-

FS Videle Mol Demjen 1 Mol Demjen 2 AlbPetrol Visoke

AlbPetrol Patos

$ /

1000

KWh

Wells

Productivity Power Cost

SRP

HOOS

83% 91% 84% 99% 98%

-10%

10%

0%

20%

30%

70%

60%

50%

40%

%

Wells

Water‐cut

SRP

HOOS

100% 100% 92% 86%

FS Videle Mol Demjen 1 Mol Demjen 2 AlbPetrol Visoke

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94% 133% 133% 94% 75%

Increased Production Days

Reduced Water Cut(water content in oil)

100% 100% 92% 86%

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APPENDIX: HOOS TEAM

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HOOS Team

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Management Team: More than 20 years management experience per individual.

C-Level formal education in relevant fields (PhD, MBA).

R&D Team: Different technology fields covered: IT engineering, oil & gas, mechanical

engineering, telecom.

Senior level experience in delivering high end technology projects.

Operational Team: Organized in teams led by experienced Project Management Professionals.

Senior level expertise and experience in oil and gas operations.

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HOOS Leadership TeamDr. Elisei CraciunBSc (Hons), MBA, PhD.Founder and Inventor of HOOS TechnologyCEO & President, Director

Started career as a software engineer and project manager, working for various international technology companies.Founder and CEO of Romania’s leading medical solution software company and developer of its main product"Hipocrate” (2002 – 2007). Developed specific Oil & Gas experience from technical consulting for various internationalcompanies such as Nestle, SBB, SAP, Tieto, Petrom and OMV. After identifying the industry’s oil production challengeand market opportunity, he developed the Heavy Oil Operating System "HOOS", a pioneering technology that changesthe paradigm of vertical pumping to vertical transportation of crude oil.

Academics & Awards:Awarded Master of ASP development, becoming the world’s number one ASP developer (2000).PhD in Human Capital at the Romanian Academy. MBA at the Open University Business School in Milton Keynes, UK. BSc (Hons) in Automation and Computer Sciences , Politechnica University of Bucharest.Romania’s National Light Heavy Weight Wrestling Champion (undefeated for 10 years). Represented Romania in the World Physics Olympiad as a high school student.

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Douglas Urch (Financial Advisor)Mr. Urch brings over 35 years of international oil and gas experience to the executive team of HOOS TechnologiesCorp. From 2008 to 2018, he was EVP & CFO of Bankers Petroleum Ltd. (TSX and AIM listed), operating in Albania.From 2000 to 2008, he was VP & CFO of Rally Energy Corp. (TSX listed), operating in Egypt. His internationalexperience includes the United States of America, Albania, Peru, Egypt, Colombia, Pakistan, Turkey and Hungary.Mr. Urch has been a Director for both listed and private companies and has provided financial management servicesfor a variety of companies. He is the CFO of PetroTal Corp. (TAL-TSXV) (PTAL–AIM), having resource interests inPeru, and Blue Moon Zinc (MOON-TSXV), having mining interests in California. He is a Chartered ProfessionalAccountant (CPA) and a designated member of the Institute of Corporate Directors (ICD). Mr. Urch graduated in1980 from the University of Calgary with a Commerce degree.

HOOS Leadership- continued

Nasim Tyab (Chairman of the Board of Directors)Mr. Tyab is an entrepreneur and financier with over 20 years experience in the international capital markets.Co-founder and a director of Mohave Exploration & Production Inc. (2006 to 2010), an oil & gas company whichamalgamated with Porto Energy Corp, raising $100 million.

Suneel Gupta, M.Sc., P.Eng. (Director)Mr. Gupta is a senior executive in the international petroleum industry with over 30 years of experience and asuccessful track record of value creation in oil and gas. He is a co-founder of Bankers Petroleum Ltd. in 2004 andheld several key roles with the Company including President & CEO and EVP & COO for 8 years. Mr. Gupta has beendirectly involved in growing the company from 500 bopd (2004) to over 22,000 bopd (2014) and more thandoubling booked reserves for the assets in Albania. Prior to Bankers he held senior positions with severalpetroleum companies including Husky Energy Inc., Renaissance Energy Ltd. and Chevron Canada Resources Ltd. Mr.Gupta was awarded Chief Operating Officer of the Year, Alberta Oil Magazine (2015) and holds a B.Sc. and M.Sc. inChemical Engineering from the University of Calgary.

Silviu Moldovan (Director)Mr. Moldovan holds a Mechanical Engineering degree from the University of Transylvania, Romania. Hisbackground includes mechanical engineering design, consulting and corporate advisory to private and publiccompanies. He is a seasoned professional with over 30 years experience in the international capital markets,corporate strategic development, strategic planning and corporate restructuring within the resources sector.

Anthony Clements (Advisor to the Board)Mr. Clements co-managed Postel’s (now Hermes Investment Management) multi-billion dollar North Americanresource-oriented portfolio. In 1987, he moved into corporate finance and sales for Australian and North Americanresource issuers in particular. His employments included T. Hoare and Co. (now Canaccord Genuity) and YorktonSecurities Inc. before being appointed Head of Corporate Finance at ODL Securities in 2000 where he remaineduntil 2010. Mr. Clements then joined Fox Davies Capital Limited (London-based firm focused on mining and oil andgas). The last few years has focused on his responsibilities as advisor, director and shareholder in several resourceorientated companies.

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R&D and Operational TeamGabi NicolaeExpertise in designing and implementing mechanical solutionsto complex problems. Highly experienced in productionengineering from aeronautics to cars and oil liftingtechnologies, Paris-Dakar rally-raid car producer.

Nicu Blaga25 years exploration and production experience coveringdrilling, production and operations in various sites around theworld.

Daniel ChisSenior mathematician and IT security expert, databasecertified engineer, with experience in designing and launchinglarge scale, distributed applications under various technologiessuch as IBM Web Portal and Microsoft SharePoint.