February 2021 Forward-Looking Statements

CERTAIN STATEMENTS IN THIS PRESENTATION CONCERNING THE PROPOSED TRANSACTION, INCLUDING ANY STATEMENTS REGARDING THE EXPECTED TIMETABLE FOR COMPLETING THE PROPOSED TRANSACTION, THE RESULTS, EFFECTS, AND BENEFITS OF THE PROPOSED TRANSACTION, FUTURE OPPORTUNITIES FOR THE COMBINED COMPANY, FUTURE FINANCIAL PERFORMANCE AND CONDITION, GUIDANCE AND ANY OTHER STATEMENTS REGARDING TORCHLIGHT ENERGY RESOURCES, INC.’S (“TORCHLIGHT'S”) OR METAMATERIAL INC.’S (“META’S”) FUTURE EXPECTATIONS, BELIEFS, PLANS, OBJECTIVES, FINANCIAL CONDITIONS, ASSUMPTIONS OR FUTURE EVENTS OR PERFORMANCE THAT ARE NOT HISTORICAL FACTS ARE “FORWARD-LOOKING” STATEMENTS BASED ON ASSUMPTIONS CURRENTLY BELIEVED TO BE VALID. FORWARD-LOOKING STATEMENTS ARE ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACTS. THE WORDS “ANTICIPATE,” “BELIEVE,” “ENSURE,” “EXPECT,” “IF,” “INTEND,” “ESTIMATE,” “PROBABLE,” “PROJECT,” “FORECASTS,” “PREDICT,” “OUTLOOK,” “AIM,” “WILL,” “COULD,” “SHOULD,” “WOULD,” “POTENTIAL,” “MAY,” “MIGHT,” “ANTICIPATE,” “LIKELY” “PLAN,” “POSITIONED,” “STRATEGY,” AND SIMILAR EXPRESSIONS OR OTHER WORDS OF SIMILAR MEANING, AND THE NEGATIVES THEREOF, ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. SPECIFIC FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS REGARDING TORCHLIGHT'S AND META’S PLANS AND EXPECTATIONS WITH RESPECT TO THE PROPOSED TRANSACTION AND THE ANTICIPATED IMPACT OF THE PROPOSED TRANSACTION ON THE COMBINED COMPANY’S RESULTS OF OPERATIONS, FINANCIAL POSITION, GROWTH OPPORTUNITIES AND COMPETITIVE POSITION., AND THE 2021 CAPITAL EXPENDITURES OF META THE FORWARD-LOOKING STATEMENTS ARE INTENDED TO BE SUBJECT TO THE SAFE HARBOR PROVIDED BY SECTION 27A OF THE SECURITIES ACT OF 1933, SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934 AND THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.

THESE FORWARD-LOOKING STATEMENTS INVOLVE SIGNIFICANT RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE ANTICIPATED, INCLUDING, BUT NOT LIMITED TO, THE POSSIBILITY THAT STOCKHOLDERS OF TORCHLIGHT MAY NOT APPROVE THE ISSUANCE OF NEW SHARES OF TORCHLIGHT COMMON STOCK IN THE TRANSACTION OR OTHER PROPOSALS THAT ARE A CONDITION TO THE TRANSACTION OR THAT THE STOCKHOLDERS OF TORCHLIGHT AND META MAY NOT APPROVE THE ARRANGEMENT AGREEMENT; THE RISK THAT A CONDITION TO CLOSING OF THE PROPOSED TRANSACTION MAY NOT BE SATISFIED, THAT EITHER PARTY MAY TERMINATE THE ARRANGEMENT AGREEMENT OR THAT THE CLOSING OF THE PROPOSED TRANSACTION MIGHT BE DELAYED OR NOT OCCUR AT ALL; POTENTIAL ADVERSE REACTIONS OR CHANGES TO BUSINESS OR EMPLOYEE RELATIONSHIPS, INCLUDING THOSE RESULTING FROM THE ANNOUNCEMENT OR COMPLETION OF THE TRANSACTION; THE DIVERSION OF MANAGEMENT TIME ON TRANSACTION-RELATED ISSUES; THE ULTIMATE TIMING, OUTCOME AND RESULTS OF INTEGRATING THE OPERATIONS OF TORCHLIGHT AND META; THE EFFECTS OF THE BUSINESS COMBINATION OF TORCHLIGHT AND META, INCLUDING THE COMBINED COMPANY’S FUTURE FINANCIAL CONDITION, RESULTS OF OPERATIONS, STRATEGY AND PLANS; CHANGES IN CAPITAL MARKETS AND THE ABILITY OF THE COMBINED COMPANY TO FINANCE OPERATIONS IN THE MANNER EXPECTED; THE FACT THAT ANY DIVIDEND PAYMENTS WILL BE AT THE DISCRETION OF THE COMBINED COMPANY’S BOARD OF DIRECTORS AND MAY BE SUBJECT TO LEGAL, CONTRACTUAL OR OTHER RESTRICTIONS; THE EFFECTS OF COMMODITY PRICES; THE RISKS OF OIL AND GAS ACTIVITIES; AND THE FACT THAT OPERATING COSTS AND BUSINESS DISRUPTION MAY BE GREATER THAN EXPECTED FOLLOWING THE PUBLIC ANNOUNCEMENT OR CONSUMMATION OF THE PROPOSED TRANSACTION. EXPECTATIONS REGARDING BUSINESS OUTLOOK, INCLUDING CHANGES IN REVENUE, PRICING, CAPITAL EXPENDITURES, CASH FLOW GENERATION, STRATEGIES FOR OUR OPERATIONS, OIL AND NATURAL GAS MARKET CONDITIONS, LEGAL, ECONOMIC AND REGULATORY CONDITIONS, AND ENVIRONMENTAL MATTERS ARE ONLY FORECASTS REGARDING THESE MATTERS.

ADDITIONAL FACTORS THAT COULD CAUSE RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED ABOVE CAN BE FOUND IN TORCHLIGHT'S ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2020 AND IN ITS SUBSEQUENTLY FILED QUARTERLY REPORTS ON FORM 10-Q, EACH OF WHICH IS ON FILE WITH THE SEC AND AVAILABLE FROM TORCHLIGHT'S WEBSITE AT WWW.TORCHLIGHTENERGY.COM UNDER THE “INVESTOR RELATIONS” TAB, AND IN OTHER DOCUMENTS TORCHLIGHT FILES WITH THE SEC.

ALL FORWARD-LOOKING STATEMENTS SPEAK ONLY AS OF THE DATE THEY ARE MADE AND ARE BASED ON INFORMATION AVAILABLE AT THAT TIME. TORCHLIGHT DOES NOT ASSUME ANY OBLIGATION TO UPDATE FORWARD- LOOKING STATEMENTS TO REFLECT CIRCUMSTANCES OR EVENTS THAT OCCUR AFTER THE DATE THE FORWARD-LOOKING STATEMENTS WERE MADE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS EXCEPT AS REQUIRED BY FEDERAL SECURITIES LAWS. AS FORWARD-LOOKING STATEMENTS INVOLVE SIGNIFICANT RISKS AND UNCERTAINTIES, CAUTION SHOULD BE EXERCISED AGAINST PLACING UNDUE RELIANCE ON SUCH STATEMENTS.

2 Transaction Overview

▪ Reverse takeover of Torchlight (a U.S.-listed public company) by Meta (a Canadian-listed public company), by way of a Plan of Arrangement.

▪ Torchlight’s pre-Arrangement stockholders will own approximately 25.0% of the new combined company post-closing, and in exchange issue shares of its common stock to holders of Meta common shares, representing approximately 75.0% ownership in the combined company.

▪ Prior to the effective date of the closing of the Arrangement, Torchlight will declare and issue shares of Series A preferred stock to holders of Torchlight common stock representing 100% of the value of its existing oil and gas assets.

▪ Shares of Series A preferred stock will be unregistered and not freely-tradable.

▪ Preferred stockholders will have the right to receive a cash dividend (on a per preferred share basis) of any net proceeds received from the sale or disposition of oil and gas assets owned by Torchlight prior to the earlier of (i) December 31, 2021 or (ii) the date which is six months from the closing of the Arrangement.

▪ During the sale period, the Company may spin off or sell any of the remaining oil and gas assets.

▪ Further, the oil and gas assets will be held in wholly-owned subsidiaries and all remaining Torchlight secured debt will be non-recourse to the parent.

▪ The current management team at Meta will operate the combined company post-closing.

3 Transaction Merits

▪ Legacy Value + + | Pre-Arrangement ▪ New Vision | Transition to the development of Torchlight shareholders still maintain niche, technology-enabling nanomaterials exposure to the oil and gas assets and will that have broad applications in a future more receive a pro rata share of any net proceeds dependent on making products more generated from the sale or disposition of the connected, functional and interactive with assets, in addition to receiving 25% of the energy, vision and touch. combined business with META.

4 The Transaction Opportunity

MASTERING LIGHT DRIVING INNOVATION

Metamaterial, Inc. www.metamaterial.com

CSE: MMAT Forward Looking Statements

This Presentation includes forward-looking information within the proposed transaction with Torchlight Energy Resources Inc., the meaning of Canadian securities laws and within the meaning of ability of the parties to raise necessary equity capital, approval of the Section 21E of the Securities Exchange Act of 1934, as amended, transaction and continued listing by the NASDAQ exchange, regarding Metamaterial and its business, which may include, but are approval of the Canadian Securities Exchange, receipt of not limited to, statements with respect to the terms and anticipated shareholder approval and required third party and regulatory timing of the proposed transaction with Torchlight Energy Resources consents, the potential benefits of the transaction to Metamaterial Inc., the intention to raise equity capital, the potential continued shareholders, risks related to the research and development projects listing of Torchlight on the NASDAQ exchange and the benefits of the Company, risks related to the market potential of the thereof, the approval of the Transaction by the shareholders of Company’s products, risks related to the investment priorities and Torchlight and Metamaterial, the business strategies, product manufacturing plans of the Company, risks related to the scalability development and operational activities of Metamaterial. Often but not of the Company’s production ability, risks related to the technology always, forward-looking information can be identified by the use of industry, market strategic and operational activities, and words such as “expect”, “intends”, “anticipated”, “believes” or management’s ability to manage and to operate the business. variations (including negative variations) of such words and phrases, Although Metamaterial has attempted to identify important factors or state that certain actions, events or results “may”, “could”, “would” that could cause actual actions, events or results to differ materially or “will” be taken, occur or be achieved. Such statements are based from those described in forward-looking statements, there may be on the current expectations and views of future events of the other factors that cause actions, events or results to differ from those management of Metamaterial and are based on assumptions and anticipated, estimated or intended. Accordingly, readers should not subject to risks and uncertainties. Although the management of place undue reliance on any forward-looking statements or Metamaterial believes that the assumptions underlying these information. No forward-looking statement can be guaranteed. statements are reasonable, they may prove to be incorrect. The Except as required by applicable securities laws, forward-looking forward-looking events and circumstances discussed in this release statements speak only as of the date on which they are made and may not occur and could differ materially as a result of known and Metamaterial does not undertake any obligation to publicly update or unknown risk factors and uncertainties affecting the companies, revise any forward looking statement, whether as a result of new including risks regarding the ability of the parties to close the information, future events, or otherwise.

6 Solutions for everyday life. High performance, sustainable metamaterial functional films that change how we use, interact with and benefit from light and other forms of energy.

(Click) META Corporate Video Introduction

7 8 Almost every great advancement in technology can be attributed to a breakthrough in material science.

Electronics THEN...

Electronics NOW... 1956, the Nobel Prize in Physics was awarded jointly to Shockley, Bardeen and Brattain for their development of the transistor, driven by the discovery of semiconducting materials and the means to manipulate their properties The Birth of the Digital Age. 9 21st Century will be the NEW AGE of “invisible" highly functional metamaterials META META Échelette DOE Blazed binary grating Geometric Phase Mie resonators High performance Light field Concept (1970’s) (1998) (2001) (2014) (2016) (2019) (2020) (2020)

VALUE PROPOSITION HOW IT WORKS META helps OEMs develop higher-value products in META patterns its materials to “program” different consumer electronics, energy, medical, aerospace, functional properties over large areas for a few $/m2 automotive, and more. (More on our website for info on metamaterial technology)

Metamaterials can create major disruptive benefits over the It is now possible to create bulk materials with next decade in ways unachievable by conventional materials. unique properties in absorption, emission, sensing, transmission, and guiding of light, sound, energy, and THE META DIFFERENCE – providing several-fold to order-of- heat, as well as friction, strength, and electric energy. magnitude improvements in performance, at scale, reduced cost, using sustainable materials. META’s current record: 40x compared to previous incumbent solution. Source: Internal META estimates 10 UNPRECEDENTED Emerging Trends: 5G infrastructure rollout and Vehicle Electrification -> MARKET OPPORTUNITY 1 initial wave of growth in metamaterials Some of our most cherished devices – Combined >$3T Advanced Materials, IoT, Medical, smartphones, cars, computers and medical > $3 Trillion 2 Energy, Aerospace and Automotive markets. equipment – contain rare earth elements Metamaterial device market expected to grow to and precious metals -- what the Japanese Market 3 $10.7B SAM by 2030. refer to as “the seeds of technology.” Metamaterials Market Forecast US$ Millions (Source: LUX Research) $12,000 (Click) Market Report $10,000 $8,000 $6,000 $4,000 $2,000

$0

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Threats to Incumbents: Communications Sensing Vibration damping Other Sustainability of growth Competitive threats from Asia Price and OEM Demand 1 in terms of raw materials 2 (>70% supply chain control) 3 for more performance (some are 40x-1000x rarer than Gold) e.g. Indium & Indium oxide sales > $20Bn/yr keeps increasing

Source: Lux Research, n-tech Research, BCC Research, Deloitte, internal META estimate Multiple Potential Revenue Streams based on R2R Manufacturing and Material Supply

11 META at a Glance

Design & Nanofabrication Developed and De- Core Capabilities Growing Patent Portfolio Strategic Partnerships Experts risked Tech Platform Holography, Lithography 54 Granted Patents in Relationships with Breakthrough performance >$75M CAD Invested & Wireless Sensing 28 Patent Families. Fortune500 Companies across a wide range of Since 2011 35 Patents Pending across multiple industries applications, driven by Accelerated growth by Purpose-built 2021 goal: >150 patents customer requests M&A in the last 4yrs Proprietary Balanced Revenue Model Manufacturing – R&D Offices in Silicon – B2B product sales, Growing metamaterials Non-dilutive funding 10,000 m2 current Valley, Canada and material sales, OEM library and key supplier support provided from nanopatterning capacity, London, UK; Growing arrangements with partnerships with multiple government agencies pilot line strategy team of renowned expected licensing income world 1st achievements and leading to high volume from highest-volume scientists and proven industry awards capacity partners leaders ‘Meta’ – from the The Financial Times listed the Greek word to Go Beyond. breakthroughs in metamaterials in the 50 Ideas to Change the World 12 META is a Key Player in the Value Chain Key Advantages vs. Competition: • High quality, proprietary large area B2B OEM patterning Raw • Lower production costs, roll-to-roll Large Area Customer or Materials Partner capable Nano-patterning • Multi-functionality in a single area (e.g. transparent + conductive + signal enhancement) Lightweight and flat, ready for vertical Final Product • Design/Software stacking/integration AI Driven & Testing Assembly • Precise control with more materials choice to enable stronger light-matter interactions • Higher performance (up to 40x) + • Mass customizable designs, building libraries of materials, structures and Technology Platform e.g. 5G antennas arrangements META works with raw material vendors & • Manufacturing in minutesvs. Original Equipment Manufacturers. several hours META is developing a library of • Sustainable raw materials & products proprietary materials 13 Advanced Materials Competitive Landscape

Existing META relationships

Source: LUX Research and Internal META estimates 14 Case Study: Transparent Sensors and 5G Antennas COMPETITIVE ADVANTAGE META’s lithography capability enables fabrication of In 2019, META partnered with sensors & antennas completely invisible to the human eye. Samsung’s Advanced Institute of META’s touch sensors and transparent 5G antennas can Technology team, to develop be integrated into smartphone displays, on windows of transparent fingerprint sensors vehicles or buildings and home appliances. suitable for next generation META’s antennas can operate from low to high frequencies smartphones and tablets. (3G, 5G/6G and beyond) and provide communication “Transparent fingerprint sensors were systems for conventional, EV and autonomous vehicles. fabricated to have lower resistance and higher transmittance compared to the conventional sensors. Fingerprint sensors made with RML can have lower sheet resistance and higher visible light transmittance than the sensors made of conventional transparent conductor materials, such as ITO and silver nanowires”

Source: Conference of the Next Generation Lithography 2019 (public information) Hyun-Joon Kim-Lee1.

CO-DEVELOPMENT PARTNER:

Bizarre New Materials Could Make Bendy Phones That Work” featured on WIRED.COM

Source: Internal META estimates 15 Broad And Growing Target Applications

Consumer Electronics Health and Wellness Augmented Reality, 5G Non-invasive glucose monitoring, Displays & Touch Screens, Vital sign monitoring, Transparent Antennas & EMI Shielding Faster MRI imaging, Zero-radiation, early-stage screening Automotive for Cancer and Stroke. What are Metamaterials? Head-up Displays, 5G and LiDAR Derive their properties from their enhancements, Passenger novel structures (and not bulky Biosensors, De-icing and De-fogging, materials), allowing them to directly affect light, radio waves and other Light management forms of electromagnetic waves. Potential to improve virtually any Aerospace/Defense industry they “touch”. Energy De-icing and De-fogging, Next Generation Solar Cells Transparent EMI Shielding, Thermal Management Laser Protection, Security

16 META Transparent Window Film Transforms Outdoor 5G Coverage

17 META Invisible Antenna to Enhance Indoor 5G and Digital TV Reception META Transparent EMI Shielding - Transforms Cooking Visibility, Safely

19 META Nano-heater to Protect Sensors - Transparent to RADAR and LIDAR Simultaneously Consumer Electronics, Communications, Health & Wellness – Example Applications

Image: Royole Corporation

Over $13Bn of Total Addressable Market

EMI Shielding Augmented Reality Communications Molecular Biosensor - 2x more electromagnetic - Smart eyewear displays - Invisible antenna / reflector - Bio-photonic sensor with shielding and - Specialty Optics for passive 5G network performance and clearer view - metaFUSION™ optimization on buildings. sensitivity enhanced using - Initial target: microwave- technology integrates - Transparent antenna for nanomaterial for molecular convection combo ovens AR functions with more cars, and smartphones. fingerprint detection. - Expansion to countertop sustainable production - Foldable displays for next - Rising demand for microwaves with scale of prescription lenses generation smartphones point of care testing.

Source: Internal META estimates

21 Solving Global Challenges Together With OEM Partners And Customers

Selected Target Co-Development Partners and Customers in Automotive, Medical, Aerospace & Defense, Consumer Electronics and Energy

22 Investment Priorities 2021-2022 Initial roll-to-roll production equipment: operational year-end

1. Acquire and launch Pilot Scale roll-to-roll functional film production capability by year-end 2021, estimated $10M CAPEX

2. Customer Center including META’s pilot line, to license, train and sell duplicates internationally 3. Healthcare and Wellness applications Expansion equipment and clean room labs: led by current customer engagements, operational 4Q21 estimated spending $3M

4. Applied R&D, increased headcount, estimated spending $3M

23 Scalable Revenue and Business Model Design, Test Samples Wafer Scale Validation R2R Licensed Pilot Line Multiple Revenue Streams

Design Verification Performance Validation Production at Scale Revenue Streams • Produce samples • Complete • Cost model validation with 1. License Fee to customer spec Phase 2 NRE customer 2. Master-Supply • Test samples • Produce Beta lot for • Produce pilot scale lot for 3. Royalties 4. Equipment Supply • Scope proposal for customer use customer use 5. Raw Material Supply Phase 2 NRE • Pilot scale production • Commercial scale license Agreement (Funded R&D) contract and scope and material supply 6. Service NRE contract agreement (META owns IP)

24 Executive Team

George Palikaris, Ph. D. Kenneth Rice, MBA, JD, LLM President and CEO, Founder Chief Financial Officer & EVP 12 years in leadership positions of high-tech 30+ years experience, public and private startups. Goldman Sachs (10KSB), MIT company CFO, in-house counsel, Enterprise and EY awards for operations, and corporate development entrepreneurship, Stanford, Harvard, INSEAD executive in technology and life sciences Exec Ed. 50+ patents, 3 industry awards. Jonathan Waldern, Ph. D. Gardner Wade Chief Technology Officer Chief Product Officer 25 years experience in 20+ years in managing development commercialization of holographic and engineering of high-definition optical lithographic/nanomaterials for eyewear for global brands in military, flight photonic applications, inventor and and performance sports applications visionary with 140+ patents Themos Kallos, Ph. D. Chief Science Officer, Co-Founder 10 years experience in applied physics, intellectual property development in metamaterial applications, 40+ filed patents and 50+ publications

25 Selected Financial Highlights – Q3:20 YTD (CAD)

Q3:20 YTD includes 1-time costs of CAD$3.3M in RTO listing costs

This information should be read in conjunction with the complete financial statements and the associated management discussion and analysis, available on the Investors section of our website at www.metamaterial.com, as well as under the Company’s profile on SEDAR at www.sedar.com

26 Capitalization Historical Funding (CAD): • Lockheed Martin ITB $5.6M • Airbus ITB $3.0M $18.4 • Babcock ITB $1.3M • Satair Distribution License $1.3M • M&A Activities1 $7.2M • BDC Capital – Cleantech Fund $5.0M • Radar Capital $4.4M • $18.4 Lark Investments, Caixa Capital, VTB Capital, URBANA Corporation $6M • Innovacorp VC $3.0M • SDTC Cleantech Fund $5.6M • ACOA $7.0M $21.8 • UK Research & Innovation $6.7M • Other2 $2.5M $17.0 • Retail and Family Office Equity Notes: • Retail Convertible Debentures. 1 $7.2M Acquisition (Book Value basis) Mediwise Ltd. & Rolith Inc. 2 META has also executed in the last 10 years, numerous innovation projects ranging from Industry Partner and M&A (Strategic) >$75M $5k to $800k, with a total value exceeding $2.5M. Institutional invested to - META currently has approximately $4.3M under non-dilutive funding contracts. date in - META has identified approximately $30M of additional non-dilutive funding that could Government (non-dilutive) META become awarded, though there is no guarantee. Retail & Other Investors

Source: Internal META estimates, Currency in CAD $ 27 Leading the NEXT AGE of “invisible" highly functional metamaterials Growth

Software driven Global simulation tools Partnerships NASDAQ’s first ever Metamaterials Company Established & – 1st mover advantage. Broad and De-risked Tech Growing IP Estate Platform Access to Non-dilutive OEM government funding and Fortune 500 provides significant IP companies, from match of equity and/or diverse industries debt financing Proprietary provide direction, Team Manufacturing & funding and Design Platform ready outlets for Multinational our novel products Subject Matter with multiple Experts Scalable & Sustainable potential revenue Products streams

28 THANK YOU

Mark Komonoski

T: 877-255-8483 E: [email protected]

29 Appendix Company Timeline, Intellectual Property, Board of Directors, Key Asset acquisition, Product roadmap, Product Application Examples

30 Company Timeline

Product Launch Series A and OEM Key supply and University st licensing partnerships 1 Major OEM Deal MRI & Collaborations Prototype, Proof of Platform with Boeing, Artemis GlucoWise optical and Covestro UNB, UdeM begin Human Testing Partnership with IDTechEx Best Manufacturing Best Aviation Product Technology Award (for NanoWeb®) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

NRC & NSERC Grants 1st Patent Filed New Head Office Acquisition Partnership with Acquisition Listed to Trade Algorithm Developed Halifax, NS Canada Acquired Rolith Inc. Lockheed Martin Acquired Mediwise. on CSE Up-listing in (Pleasanton, CA, USA) (London, UK) Progress 28 Patent Families 20 Patents families

MIT Sponsored Global Distribution Business Award Agreement with SATAIR (for GlucoWise®)

31 31 Intellectual Property & Know-How

• 89 filed patents (54 granted) across Patent Families Breakdown 28 patent families (21 granted) Other • 5 registered trademarks 3 Holography 4 • Proprietary, custom manufacturing processes LED/Solar 3 and trade secrets, developed over GlucoWise 10 years with multi-million $ investment 3 Lithography • Processes and methods were patented early, 12 MRI providing multi-year advantage over the 3 competition

Source: META IP Portfolio - Last updated Jan 15th 2020

32 Board of Directors

Ram Ramkumar, B Tech, MBA Allison Christilaw, MBA, ICD.D Chairman Director 10 years private investor in technology 20+ years Strategy Expert, Governance, HR, 35+ years on boards of numerous Management Consulting. top TSX- and NASDAQ-listed companies Sold her business to Deloitte Canada

George Palikaras, Ph. D. Steen Karsbo Founder, President and CEO Director 12 years in leadership positions of high-tech Close to 40 years of experience in aviation startups. Goldman Sachs, MIT Enterprise industry management and consulting. and EY awards for entrepreneurship, Various senior management positions for Satair, Stanford, Harvard, INSEAD Exec Ed. 50+ an Airbus company, with $2.2B Sales patents, 3 industry awards.

Maurice Guitton Eric Leslie Director Director Aerospace industry veteran, 28 years experience in management consulting, inventor and entrepreneur, 40+ years venture advisory, and as an officer and or director experience in composite advanced of numerous public and private companies. materials, Former President and CEO President of high-tech Battery company of Composites Atlantic (now STELIA) 33 Interglass Acquisition Builds AR One-Stop-Shop

• metaFUSION™ integrated high-functional metamaterials combined with lens casting technology developed by Interglass Technology AG • META acquired assets & IP of Swiss lens manufacturer Interglass Technology AG, 70+ patents, trademarks and trade secrets, proprietary software and designs • High volume fully automated lens casting, workstations, tools, test equipment, and technical data • Proprietary specialty materials/foils supply in cooperation with Covestro AG • Supports just-in-time production of prescription lenses and embedded elements such as optical combiners, waveguides, and eye tracking sensors $1.5B • Highly Sustainable Process: Augmented • Less energy (10sec vs 50hrs curing time) Reality Eyewear • Zero water usage Market • Less material Source: BCC Research

34 Product Development Roadmap Summary High-Volume Vertical Market Focused Products • Automotive • Energy/Solar • Aerospace & Defense • Health and Wellness Applications • Consumer Electronics

Non-Recurring Engineering Projects Applied Research and Development Objectives: Objectives: Test and refine new product concepts Test and refine core technologies Prototype and produce early units Prototype and produce early units Design production process including scale-up Design production process including scale-up Cover costs, obtain new IP Sources: Funding Sources: Original Equipment Manufacturer (OEM) clients Working Capital Government grants Government grants

35 Application Roadmap – NearTerm (18 months)

Functional metamaterial films for Aerospace& Defenseand Consumer Electronicsmarkets

Augmented Reality Optical Filters and Laser Protection Transparent Heaters Transparent Antennas Optical components for Augmented metaVISIONTM Advanced Optical metaAIR® eyewear laser protection NanoWeb® film-based NanoWeb® film-based antennas Reality systems & head-up displays Components heating/defogging casted into glass for 5G comms

PARTNERS: Leading AR PARTNERS: OEM eyewear PARTNERS: Satair, Airbus, PARTNER: Eyewear OEMs, PARTNERS: companies, Top Automotive manufacturers, Law Covestro, RCMP, Lufthansa Government Agencies, Headgear Tier 1 Glass OEMs and TelCo OEMs, Tier 1 Automotive suppliers enforcement agencies, Technik OEMs Commercial optical component marketplace

CAPEX INVESTMENT / SOURCE: CAPEX INVESTMENT / SOURCE: CAPEX INVESTMENT / SOURCE: CAPEX INVESTMENT / SOURCE: CAPEX INVESTMENT / SOURCE: Existing In-house, new roll-to-roll Existing In-house Existing In-house In progress (installation Q4 2020) In progress (installation Q4 2020) capacity to be installed in 2021

PRODUCTION CAPACITY: PRODUCTION CAPACITY : PRODUCTION CAPACITY: PRODUCTION CAPACITY: PRODUCTION CAPACITY: Very High volumes High volumes High volumes Low volumes until 2021 Low volumes until 2021

REVENUE POTENTIAL* REVENUE POTENTIAL* REVENUE POTENTIAL* REVENUE POTENTIAL* REVENUE POTENTIAL* $50.0M/yr $20.0M/yr $38.0M/yr $10.0M $3.0M/yr 1,000,000 units @ $50 / Unit 200,000 units @ $100 / Unit 48,000 units @ $800 / Unit 25,000 units @ $400 / Unit 100,000 units @ $30 / Unit

*Source: Internal META estimates based on META’s forecasted annual manufacturing capacity (5days, 2 shifts) and avg. selling price per unit (pricing may vary depending on volume orders)

36 Application Roadmap – Mid Term (2-5yrs)

Functional metamaterial films for Automotive,5G Connected, and Energymarkets

Displays Solar Transparent Transparent Touch Sensor for Energy Optical components for Coating that improves solar Heaters EMI Shielding Flexible Displays Harvesting large area displays panel efficiency, Transparent conducting NanoWeb film-based NanoWeb placed below NanoWeb films (smartphones, tablets, TV Transparent conducting film, ITO replacement protection against the screen to provide as insulators & screens) electrodes, ITO replacement (heating/defogging) electromagnetic Touch functions electrodes interference

PARTNERS: PARTNERS: PARTNERS: PARTNERS: PARTNER: PARTNER: TelCo OEMs, Automotive ENEL Green Power, Solar Tier 1 glass OEMs, Consumer Electronics TelCo OEMs Energy OEMs OEMs, Tier 1 projector OEM manufacturers, Automotive OEMs, OEMs, Aerospace OEMs Lockheed and other TelCo OEMs OEMs, Automotive Aerospace OEMs OEMs, Tier 1 Suppliers

MARKET POTENTIAL* MARKET POTENTIAL* According to BCC Research, the global market for transparent conductive films (such as ITO, $14.2B $7.6B metal-mesh, silver nanowires, graphene, etc) and related technologies should grow from by 2025 (CAGR 9.2%) by 2025 (CAGR 9.2%) $4.9 billion in 2020 to $7.6 billion by 2025 with a compound annual growth rate (CAGR) of 9.2% for the period of 2020-2025. *Source: BCC Research, Internal META estimates 37 Application Roadmap – Mid Term to Long Term (2-7yrs) Functional metamaterials for Health and Wellness market – Licensing/ProjectFinancingopportunities Image Enhancement Sensor enhancement

MRI Medical Imaging Early-Stage Breast Cancer Non-invasive Glucometer Molecular Biosensor MRI Imaging with Screening Dual Sensor mm-wave technology with Daily use Bio-photonic sensor with metamaterial film metamaterial film (www.gluco-wise.com) Radio-wave Imaging for breast sensitivity and performance enhanced screening with metamaterial film using nanomaterial to meet rising demand for point of care testing.

MARKET POTENTIAL* MARKET POTENTIAL* MARKET POTENTIAL* MARKET POTENTIAL* $2.0+B $4.0+B $15.0+B $10.0+B

Supported by

*Source: Internal META estimates 38 Solar Energy – Example Application

Ultra-thin, Light and Flexible Increases Solar Cell Efficiency - Ideal for the transportation industry - Traps light that would otherwise be - Adds onboard power, charging reflected, increases absorption Over $5Bn of Total Addressable Market

Angular Absorption Scalable - Captures sunlight from all angles - Can be sized for small or large areas - Eliminates costly tracking systems - Applied to flat or curved surfaces

Source: Internal META estimates 39 Automotive – Example Applications

Over $1Bn of Total Addressable Market

Autonomous Vehicles De-Icing / De-Fogging Head-up Displays - Vehicle Electrification with - Active Transparent and - Reduce driver Distraction solar roofs to increase Ultra-lightweight - Decrease Reaction Time, reduce range and autonomy De-Icing & De-fogging of vehicle weight to improve range - LiDAR, 5G and V2V Windshields, Headlights - Potential for 37 million units by 2030 sensing for improved and Sensors Safety outcomes

Source: Internal META estimates

40 Biosensors - Applications in Development

Expansion towards Biosensor Applications – Licensing/Project Financing opportunities

Molecular Biosensor Daily use Biosensor with sensitivity and performance enhanced using nanomaterial, to meet rising demand for point of care testing.

MARKET POTENTIAL

$10+B Biosensor platform technology for multi-day use, instantaneous, Point of Care (POC) tests, using a miniature device which is carried continuously by workers or consumers. This smartphone attached biosensor under development uses nanomaterial for molecular fingerprint detection in a range of applications (such as COVID19 and others)

Source: Internal META estimates. Global Biosensors Market Is Expected to Reach USD 41.29 billion by 2027 : Fior Markets 10/2020 41