OneSoft : Management Discussion and Analysis 6 Months ended June 30 2022

ONESOFT SOLUTIONS INC.

Q2 2022 MANAGEMENT DISCUSSION & ANALYSIS JUNE 30, 2022

savings, CIM analytics to assess pipe conditions are greatly improved by using 100% of the data collected over time, compared to extrapolating results from only sample data points from two ILI data sets.

• "CIM Core" is the Company's second software module that addresses the core operational logistics and regulatory compliance functions that pipeline operators need to perform to operate their pipelines. CIM Core functionality includes ILI Management; Assessment Planning; Dig Management (including selection of PIG vendor and management of excavations, inspections and repairs); Threat Monitoring; GIS Data Correlation; Logistical System and Process Management Systems; and extensive Reporting and Data Visualization functions.
  After using and validating the Company's ILI Management software during 2017, Phillips 66decided to provide their on-premise software and IP that they used to conduct pipeline integrity management processes (which they developed over the course of approximately 15 years) along with funding assistance, for OneSoft to integrate into CIM to operate on Microsoft's cloud platform. This became the Company's second revenue generating module in 2019, and provides functionality required by all pipeline operators.
  CIM Core's capability to store and align disparate data allows holistic integration of departmental operations and enables capability to query big data for unique relationships. For example, a user can identify all instances where a crack and a dent near a girth-weld exist on pipelines situated within high consequence areas which encompasses ILI, pipe properties, map and regulatory data by querying a single database, rather than combing through siloed, un-aligned and unconnected data sets.
  Mandatory regulatory compliance requirements call for certain highly complex data relationship assessments. Garnering input from early adopter clients, CIM Core now contains algorithms and queries that can detect and report on nearly 300 pipeline threats and excavation criteria, inclusive of both regulatory and operator best practices.
• "CIM Platform" is the data hub structure that evolved from CIM ILI and CIM Core modules, wherein data ingestion, normalization and analytics capabilities were enhanced to process the various additional data sets that pipeline operators use to perform other aspects of pipeline asset and operational management. The architecture of the CIM Platform was initially determined using "frog" design software concepts introduced during our collaborative work with Microsoft at Accelerator in 2016 and optimized to leverage big data management and analytics using machine learning and cloud computing. Management believes that our approach uniquely differentiates OneSoft from other O&G software vendors, who still perpetuate legacy software development methodologies that favor stand-alone modules destined to operate in siloed fashion, without capability to deliver CIM-type benefits. Although it is foundational to the Company's other CIM modules, the CIM Platform by itself has not yet been commercialized for revenue generation.
• "Corrosion Management" means the Company's software module currently under development to address internal and external corrosion, with data management and analytics for corrosion coupons, sampling, pigging, transported material flow velocity and flow mode, chemical usage and external pipeline corrosion caused by elements in the atmosphere and surrounding environment. Corrosion Management data is correlated to ILI data to monitor trends, forecast chemical spend and pipeline forecasted life to determine overall corrosion mitigation effectiveness. When completed, this module will be marketed using the Consumption Economics model.
• "Crack Management" means the Company's software module currently under development to assist pipeline operators with data analytics concerning integrity and threat management associated with pipeline cracks, generally in accordance with recommended operating practices pursuant to API RP 1176 and both US and Canadian regulations. When completed, this module will be marketed using the Consumption Economics model.
• "Risk Management" means the Company's quantitative risk software module currently under development. Risk Management embeds C-FERTechnologies' nine probabilistic threat models into CIM (External Corrosion; Internal Corrosion; Stress Corrosion Cracking; Manufacturing-Related Defects; Welding/Fabrication Defects; Equipment; Third Party / Mechanical Damage; Weather & Outside Force; and Incorrect Operation) which collectively address pipeline operations regulation ASME B31.8S. When completed, this module will be marketed using the Consumption Economics model.
• "Geohazard Management" means the software module currently being researched in the Company's Innovation Lab to assess seismic, earth movement, soil and water factors that contribute to potential pipeline strain and failures. The Company has not yet committed to develop and commercialize Geohazard Management, pending further technical and market due diligence that is currently ongoing. If it is completed, this module will be marketed using the Consumption Economics model.

"Cloud computing" is the delivery of computing services-including servers, storage, databases, networking, software, analytics, and intelligence-over the Internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale. Customers

3

Q2 2022 MANAGEMENT DISCUSSION & ANALYSIS JUNE 30, 2022

generally pay only for the cloud service components they use, helping to lower operating costs, run infrastructure more efficiently, and provide scale as the business needs change.

"Consumption Economics" means a SaaS deployment and fee model wherein certain software functionality will be accessible for use by CIM users on an as-required basis. CIM users may be charged a fixed monthly fee for access and / or a variable fee based on usage.

"Deferred Revenue" means prepayments from customers for the use of CIM. "Deferred Revenue - Current" is expected to be recognized in revenue in the next 12 months and "Deferred Revenue - Non-current" is expected to be recognized in revenue after the ensuing twelve months.

"ESG" means Environmental, Social and Governance. ESG criteria are used by socially conscious investors to screen potential investments, based on how a company manages its impact on the environment, maintains relations with stakeholders and how the Board of Directors and management govern the Company to ensure its effectiveness and continuing compliance with all related laws and regulations.

"GIS" means geographic information system, which spatially connects objects (e.g., pipeline assets) to a map.

"HCA" means "High Consequence Area" which is defined by the U.S. Department of Transportation as an area where pipeline releases could have the most significant adverse consequences for human health and safety, damage to personal or commercial property or environmental degradation.

"IFRS" means International Financial Reporting Standards.

"IC" means internal corrosion, which occurs due to environmental conditions inside steel pipelines wherein deterioration of metal from oxidation of the iron results in metal loss and potential strength loss that can cause pipeline failures.

"ILI" means inline inspection of pipelines. ILI tools, or "PIGS" (pipeline inspection gauges) are tools equipped with distance measuring and condition measuring devices that are placed in a pipeline and propelled from a launch valve to a receiving valve by the product (typically oil or gas) to inspect pipelines for evidence of internal or external corrosion, deformations, laminations, cracks, or other defects. There are more than 50 PIG vendors who provide various measuring technologies such as magnetic flux leakage ("MFL") and ultrasonic ("UT").

"IoT" means the Internet of Things which describes groups of physical objects (each an "IoT Device") that are embedded with sensors, processing capability, software or other technologies that connect with and exchange data with other devices and systems over the internet for data communication and analysis. In the pipeline industry, IoT may involve connecting devices such as rectifiers, test posts and leak detection devices to the internet to facilitate remote monitoring and in some cases remote control.

"IM Operations" means the Integrity Management business unitpurchased from Mesa Products, Inc. Assets acquired include software technology and solutions, all assignable rights to current and prospective customers, certain computer equipment and other assets and a highly experienced team of employees with deep domain expertise and strong customer relationships whom we believe can help OneBridge expedite its go-to-market plans with OneBridge risk solutions. IM Operations during the past two decades involved provision of services regarding certain pipeline integrity quantitative and probabilistic risk assessments and risk management for high consequence areas , using its proprietary RIPL software solutions augmented with consulting services. OneBridge assumed operational control of IM Operations effective July 1, 2022. The Company's intention is to convert the manual components of RIPL software using machine learning and data science to deliver such services on a SaaS platform, in accordance with current CIM protocols.

"IP" means intellectual property.

"Management" means the senior executive management team of OneSoft, which include the Company's CEO, COO, CFO and Presidents of the Company's operating subsidiaries.

"Minimally Viable Product" or "MVP" is a core component of the software development methodology described by Eric Ries in his book, The Lean Startup. Utilization of the MVP concept is based on a "build-measure-learn" concept to incorporate customer learnings and feedback from the outset to ensure that development resources and efforts expended address only software functionality that is required and desired by customers. OneSoft has used the Lean Startup and MVP methodologiesto develop its solutions throughout its development of the CIM platform.

"O&G" means oil and gas.

"OneSoft" means OneSoft Solutions Inc. and includes the accounts of OneSoft and its wholly owned subsidiaries, OneBridge Solutions, Inc., OneBridge Solutions Canada Inc. and OneCloudCo Limited.

"Other Revenue" means revenues from services such as CIM Production Trials, commissions, software development fees that are invoiced to third parties and miscellaneous other project fees, which may recur at irregular intervals.

4