Sphere 3D Corp. (ANY)

[Orion Nebula]

The clock is ticking...

"Each Unit consisted of one common share of the Company (a “Common Share”) and one-half of one
Common Share purchase warrant (each full warrant, a “Warrant”), each Warrant being exercisable to
acquire one Common Share at a purchase price of $4.50 for a period of 24 months following the
closing of the Offering. The Warrants are subject to an acceleration clause whereby should the
Common Shares trade at $6.00 or more for more than 10 consecutive trading days on the TSX Venture
Exchange (the “TSXV”) or other principal exchange, the Company has the right to issue notice to the
warrant holders to accelerate the expiry date of the Warrants to a period ending not less than 20
trading days from the date of notice."

I an all for clearing out the warrants as I think those who pick up shares will hold on to this and not cause any weakness.