mCloud Technologies Corp (MCLD)

[DVP25]

There's no possible way insiders could legally buy/sell stock with all this going on right now. And we've already established how much their stake has already been diluted.

If one were to start hypothesizing about potential strategies that mCloud and Carbon could of had from the start of this seemingly nonviable arrangement, how do you think this particular Note (17b) from the Q1 Financials would fit in?

On May 5, 2022, the Company, Carbon and Fiera executed a Subordination and Postponement Agreement (the “Subordination Agreement”), whereby the parties agreed that the security previously held by Fiera would be subordinate
to the security to be granted to Carbon commencing on the date of the agreement. The security granted to Carbon means the EV Dealership Projects and to the extent related to the EV Dealership projects, all accounts, equipment and
machinery, contracts and contract rights, including contracts with auto dealerships, inventory, cash and proceeds, rent and profits for each of the preceding. Execution of the Subordination Agreement was required for the additional funding
under the Note to be released. A total of US$15,000,000 was funded subsequent to March 31, 2022 (Note 8(b)).