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PROJECT SUNDANCE CARVE OUT

IOT. CLOUD. BIG DATA. BLOCK CHAIN. PROJECT SUNDANCE CARVE OUT. OVERVIEW. SUNDANCE HIGHLIGHTS. LEADING PROVIDER OF WORLD-CLASS CLOUD AND MOBILE DEVELOPMENT SERVICES FOR IoT and BIG DATA APPLICACTIONS. English-speaking talent and all are travel ready with visas. Founded in 2003

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PROJECT SUNDANCE CARVE OUT

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  1. IOT CLOUD BIG DATA BLOCK CHAIN PROJECT SUNDANCE CARVE OUT OVERVIEW

  2. SUNDANCE HIGHLIGHTS LEADING PROVIDER OF WORLD-CLASS CLOUD AND MOBILE DEVELOPMENT SERVICES FOR IoT and BIG DATA APPLICACTIONS English-speaking talent and all are travel ready with visas Founded in 2003 Privately held Located in South America Consistent organic growth and profitable year-over-year Top-tier customers based primarily in USA Operates in Eastern Time Zone 70% of Talent have 10 years experience Talent is fluent in almost every active programming language Competes in the $20B outsourcing & staff augmentation solutions market for front-end software development Strong Automotive, FinTech, Tech and Retail market expertise CONFIDENTIAL

  3. SUNDANCE OFFERS Manning and leading Client Development Teams for new products & system integrations • Recognized industry experts in Cloud services Providing interim Development assistance Cloud Staff Augmentation Application Development </> Skilled Talent Growth • High-end, high-value technical team with an ability to assimilate emerging technologies • High growth with an ability to scale faster than the current pace CONFIDENTIAL

  4. CORE COMPETENCIES CONFIDENTIAL

  5. 2018 Revenue 2018 EBITDA 2019 Revenue Forecast 2019 EBITDA Forecast QUICK NUMBERS Fully Loaded Developer Cost $4.75m $.7m $35k $2.8m Jan 2019 Backlog $1.0m $5.16m • Revenue generated with no sales staff • 80% sales come from referrals CONFIDENTIAL

  6. TEAM Education (Consulting Team) TEAM Culture and Morale Years of IT Experience Years of Seniority • Almost all University Degrees (small # College degrees) • Continual on-the-job training in new technologies • Company-driven Team development • Xxx Employees • xx Administration • 4 Sales & Marketing (including Senior Management) • 51 Consultants • Performance-based Compensation Plans • Culture of continuous improvement and ‘Top Gun’ skills & experience • Positive, fun morale • Consulting Team • 80% have 15+ years experience • (50% have 20+ years experience) • Management Team: • Avg of 30+ years for top 5 • Consulting Team • Nearly 20% have over 8 years • 12% have over 14 years • Management Team • President 11 years, VP 6 years CONFIDENTIAL

  7. CLIENTS • Trusted partner of some of the largest companies in the world • Clients primarily US-based • Client retention is very strong • Long-term relationships • High customer satisfaction • High degree of experience developing software for the following markets: • Financial Services • Automotive • Retail • Oil & Gas CONFIDENTIAL

  8. FINANCIAL INFORMATION • Continuous organic growth • Profitable each year • All business generated by referrals and repeat customers • EBITDA • 2017 - $.4m • 2018 - $.7m • 2019P - $1.0m • Jan 2019 Backlog - $2.8m • Average fully loaded developer cost is approx. $35k CONFIDENTIAL

  9. KEY SOFTWARE PROJECTS Mobile Retail Payments Supply Chain RDI Hub Platforms Automotive Manufacturing Connected Car & Service Experience Platforms • Consumer IoT Voice Assisted Hardware and Software Solutions Customer Engagement Retail Platforms 9 CONFIDENTIAL

  10. SUNDANCE OFFERS • High-end, high-value technical team with an ability to assimilate emerging technologies and at a low cost • Recognized industry experts in Cloud services on the management team • Loyal enterprise-class clients with high degree of repeatable business • Consistent growth with an ability to scale faster than the current pace • On-site, nearshore and offshore service and support offerings from the Western Hemisphere • Strong FinTech, Automotive, Retail, Oil & Gas, and Tech sector expertise • Profitability levels well above competitors CONFIDENTIAL

  11. SHAREHOLDER OBJECTIVES The shareholders acquired Sundance in 2016 as an add-on to their software business. Since then, all of their efforts have been focused on the software portion of their business and Sundance, although growing and profitable, has suffered from the lack of attention. Monetize their Equity and Retire have decided that IT services business is not core to their software business and Sundance would be better suited for a company that can extract the true value It is expected that all key management and employees will continue on CONFIDENTIAL

  12. CLIENTS OVERVIEW KEY CLIENT STATISTICS • The Company has a marquee list of Tier-one Enterprise Clients • Target: FinServ/FinTech and Tech organizations • Revenue (last 3 years): 59% from FinServ/FinTech Clients, 34% from Tech Clients • FinServ: Banks, Insurance, Pension Funds and Wealth Management companies • FinTech: small and large Software companies serving the Financial Services sector • Tech: Top Technology companies with operations in CloudCorp’s market area • 41 Consulting Clients in 2017; 14 New, 27 Repeat • Repeat Clients: • i. Represent 93% of Total Revenue over last 3 years • ii. Had Average Revenue of $440K in 2017 • iii. Have Life-to-Date Average Revenue of $1.4m each CONFIDENTIAL

  13. REVENUE CONFIDENTIAL

  14. THANK YOU ADDRESS : 16 Allstate Parkway Markham ON Canada L34 5B4 PHONE : 416-483-9044 CONTACT : Kevin Tribe WEB : www.tequityinc.com

  15. EMPLOYEES TEAM EXPERTISE STABILITY • 9 Senior Management • 8 Administration • 18 Sales & Marketing • 31 Support & Maintenance • 2 Development • 30 ERP Senior Consultants • Major Technical Certifications • Certifications with IBM, VMware, Veeam, HP, Lenovo • 9 years average service • 20+ years average experience • Low turnover CONFIDENTIAL

  16. INTERESTED? CanDo & TEQUITY CanDo has retained Tequity to explore its options and evaluate interested acquirers. A substantial amount of detailed information to assist in your analysis has been accumulated in our Virtual Data Room. Qualified prospective acquirers will be required to sign a Non-Disclosure Agreement and provide information that illustrates their credibility in being able to complete a transaction. Should you have an interest in exploring this opportunity, we welcome the chance to speak with you. Replies will be kept in the strictest confidence. For more information please contact: Wilf Rapp, Director wrapp@tequityinc.com 416.483.9400 x102 CONFIDENTIAL

  17. THANK YOU ADDRESS : 15 Allstate Pkwy, Markham ON PHONE : 416.483.9400 CONTACT : wrapp@tequityinc.com WEB : www.tequityinc.com

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