CONFIDENTIAL CONFIDENTIAL

INVESTOR OVERVIEW

July 2018

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martellotech.com 2 CONFIDENTIAL

Real-time services place real pressure on businesses.

As digital transformation accelerates, real-time services like voice

and video multiply and strain network resources, creating a

business critical problem for service providers and enterprises.

If an outgoing email is delayed by 30 seconds, it’s not business

impacting. However, a 30 second delay on a phone call creates a

business problem. A 30 second delay in response from an

autonomous vehicle is catastrophic.

These are the kinds of problems Martello solves: making

real-time services like voice, video and potentially even

autonomous vehicles and smart city applications

work reliably on networks.

KEY BUSINESS STRENGTHS

• Solid financial position: cash flow

positive, revenue growth.

• Experienced and solid management

team – with business acumen to deliver

on growth strategy.

• Co-chairs of the board –

Bruce Linton and Sir Terry Matthews.

• Clear strategy for growth: Pending

TSXV listing, plan to acquire

businesses with complementary IT

performance management

technologies.

• Strong channel mix with recurring

revenues and capex sales, and a new

SD-WAN ‘as a service’ offering.

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About Martello

PROVEN Products

• Solutions that deliver confidence in the performance of real-time services on cloud and enterprise networks.

• SD-WAN pioneer since 2003, with bandwidth optimization and business continuity solutions deployed in 150 countries.

PROVEN Opportunity

• Provider of performance management software

for $1B+ Mitel market.

• Merged with SD-WAN player Elfiq Networks to

create new market leader in network

performance management for real-time services.

Martello Milestones

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2009

Martello Founded

2010

2011

2012

STRATEGIC MITEL BUSINESS

Martello powers Mitel Services Business.

2013

.

2014

2015

2016

2017

2018

‘MarWatch’ fault & performance management software launched.

Cloud Solution launched.

MITEL GROWTH Deployed in 1,000+ networks, monitoring 3,000+ devices.

ACQUISITION & INVESTMENT

Acquired Netvitesse (France) for Enterprise Manager technology. $3M investment round

INCREASED MITEL PROGRAM

INTEGRATION Embedded in Mitel Premium Software Assurance subscription.

GROWING BASE Mitel OEM Agreement - OEM’d as Mitel Performance Analytics (MPA) - MPA replaces Mitel’s Enterprise Manager

ACCELERATION OF MITEL BUSINESS + MULTI-

VENDOR PRODUCTS. - UCScore site

qualification. - Deployed in 6,000

networks, 14, 000 devices.

EMERGING MARKET LEADER

- Merger with SD-WAN

player Elfiq Networks - Closed Private

Placement of $7.5M - Conditional Approval

from TSXV

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2018 Strategy

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Strengthen performance management offering to OTT Service Providers and Small/Medium Enterprises.

Acquire complementary technologies

Grow Revenues Organically: Mitel UC + SD-WAN business

Listing on TSXV via reverse takeover + $7.5M private placement.

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Mergers & Acquisitions

• 2014: Acquired Netvitesse (France) – integrated key technology into Martello platform to open new markets in Mitel channel.

• 2018: Acquired Elfiq Networks (Montreal) – integration on track, with joint ‘UC Aware SD-WAN’ solution in development.

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TRACK RECORD

STRATEGY

• Target smaller companies with strong technology, looking to accelerate growth.

• Where technologies and business are accretive to ours, we can integrate successfully.

“Martello’s merger with Elfiq

was underpublicized by the

channel press, but the move

could be considered the most

significant SD-WAN M&A

activity since Cisco-Viptela

and VMware-VeloCloud”.

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TSXV Listing & Private Placement

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JULY 5, 2018 PRESS RELEASE JUNE 6, 2018

Product and Market

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Market Drivers

Gartner predicts by 2021, 28% of all IT spending will be for cloud-based infrastructure,

middleware, application and business process services.

By 2021, Internet

Traffic will Grow Up To 3 Zettabytes.

According to IHS, downtime represents

losses of over USD 700 billion annually, mainly in

productivity and lost earnings.

Moving to SD-WAN can yield savings of over

40% on the cost of

bandwidth

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martellotech.com

Product Vision

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Today, we have software and web-based products that manage and optimize the

performance of unified communications (UC) networks.

AND

We have SD-WAN solutions that optimize enterprise network performance and

bandwidth management.

NEXT

We’ll integrate elements of these solutions to develop a

‘UC Aware SD-WAN solution’.

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UC Aware SD-WAN

The only fully integrated SD-WAN and UC Performance solution on the market

Leverage multiple concurrent circuits to improve network flexibility and business continuity.

Distribute traffic on the best available path based on UC-relevant metrics (Jitter, RTT, Loss, MOS Scores, etc.)

Improve and optimize client networks to guarantee superior service performance

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Our competitors can

route traffic it recognizes

as UC – but Martello’s

solution will be the only

one that distributes traffic

based on UC metrics like

MOS, Jitter, etc.

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Leadership Team

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PRESIDENT & CEO Senior ICT Executive John Proctor

CO-FOUNDER & VP PRODUCT 30 years telecom industry Niall Gallagher

CTO 20+ years telecom software product development Doug Bellinger

CFO 20+ years CFO experience with oversight of $130M+ in revenues Erin Crowe

DIRECTOR SALES 15 years ICT sales Pardeep Koonar

DIRECTOR MARKETING 18+ years B2B tech marketing Tracy King

CHIEF INNOVATION OFFICER 20+ years telecom & embedded systems Fred Parent

VP DEVELOPMENT 20 years software development Martin Deveault

MANAGEMENT BOARD OF DIRECTORS

Sir Terry Matthews

CO-CHAIRMAN

Bruce Linton

CO-CHAIRMAN

Don Smith

Colley Clarke

Mike

Michalyshyn

Niall Gallagher

More than 150

years combined tech

industry experience

in 30+ companies.

Customers

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Recognition

Private Sector Leadership Award

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Recent Media Coverage

Ottawa’s Martello Technologies raises

$7.5 million in private placement

June 6, 2018.

SD-WAN Roundup: 2018’s Biggest

Trends So Far, and Martello Stands

June 5, 2018.

Ottawa’s Martello aims to go

public with reverse takeover

April 12, 2018.

Kanata-based Martello raises

$7.5M in private placement

June 7, 2018. Behind Elfiq’s Technology

CONFIDENTIAL

Forward Looking Statements and Confidentiality No Offer to Purchase Securities These documents are provided in the necessary course of business to prospective investors in respect of a potential private placement of the Company’s securities. These documents are not an offering memorandum, prospectus, public offering or any other offer of the Company’s securities, and any subsequent offer of the Company’s securities shall comply in all respects with all applicable securities laws and regulations. The information in this presentation is intended for use only by persons resident in jurisdictions where such use is lawful. Nothing in this presentation constitutes, and under no circumstances is to be construed as, an offer or solicitation to purchase securities of, or advertisement for, securities of the Company. The securities of the Company have not been registered under the United States Securities Act of 1933, as amended or any state securities laws. Forward Looking Statements Certain statements contained in this presentation (including information incorporated by reference) are "forward looking statements". Our forward-looking statements include, without limitation: • Estimates of future costs and other expenses; • Estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; • Statements regarding future transactions; and • Estimates regarding timing of future capital expenditures and production activities. This list is not exhaustive of the factors that may affect our business, our value as a company, and our forward looking statements. Where we express an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on our forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The Company disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Use of Information These documents are CONFIDENTIAL. They may not be reproduced and the information disclosed therein may not be made available to anyone who has not signed a confidentiality agreement with the Company without the prior written consent of the Company. Any information communicated to the Company through this presentation becomes the Company’s exclusive property. The Company shall be entitled to use any such information for any purpose without restriction or compensation to any person. Such information provided by the user shall be deemed to be non-confidential.

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CONFIDENTIAL

John Proctor, CEO jproctor@martellotech.com

613.271.5989

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