I N V E S T O R P R E S E N T A T I O N

T S X . V : P K T O T C Q X : P K T E F

D E C E M B E R 2 0 1 8
 DISCLAIMER

This presentation and the information contained herein, (“Presentation”) is being issued by Parkit Enterprise Inc. (the “Company”) for information purposes only. This Presentation is not for release,
distribution or publication into or in the United States or any other jurisdiction where applicable laws prohibit its release, distribution or publication. Reliance on this Presentation for the purpose of
engaging in any investment activity may expose an individual to a significant risk of losing all funds invested.

This Presentation is not a prospectus, offering memorandum, advertisement, or solicitation and does not constitute or form part of, and should not be construed as, an offer or invitation to sell or
any solicitation of any offer to purchase or subscribe for any securities of the Company in Canada, the United States or any other jurisdiction. Neither this Presentation, nor any part of it nor anything
contained or referred to in it, nor the fact of its distribution, should form the basis of or be relied on in connection with or act as an inducement in relation to a decision to purchase or subscribe for or
enter into any contract or make any other commitment whatsoever in relation to any securities of the Company. No representation or warranty, expressed or implied, is given by or on behalf of the
Company, its directors and affiliates or any other person as to the accuracy or completeness of the information or opinions contained in this Presentation and no liability whatsoever is accepted by the
Company, its directors and affiliates or any other person for any loss howsoever arising, directly or indirectly, from any use of such information or opinions or otherwise arising in connection therewith. 

This Presentation does not constitute a recommendation regarding the Company or an investment therein. The Company has not been and will not be registered under the United States Investment
Company Act of 1940, as amended or the US Securities Act of 1933, as amended.

No reliance may be placed for any purpose whatsoever on the information or opinions contained in this Presentation or on its completeness, accuracy or fairness. Readers should not treat the
contents of this Presentation as advice relating to legal, taxation or investment matters, and must make their own assessments concerning these and other consequences of the various investments,
including the merits of investing and the risks. Readers are advised to consult their own personal legal, tax and accounting advisors and to conduct their own due diligence and agree to be bound by
the limitations of this disclaimer.

Certain statements, beliefs and opinions in this Presentation (including those contained in graphs, tables and charts) are forward-looking, which reflect the Company’s current expectations and
projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from
those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described
herein. Forward-looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future.
The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place
undue reliance on forward-looking statements, which speak only as of the date of this Presentation.

All dollar amounts referenced in this presentation are in Canadian dollars unless otherwise noted.

I N V E S T O R P R E S E N T A T I O N 2
 P A R K I T E N T E R P R I S E I N C .

C O R P O R AT E
OVERVIEW
T S X .V : P K T OTCQX: PKTEF

PARKIT IS A NICHE REAL ESTATE COMPANY.

We currently own five parking assets that are located in:

• New Haven, Connecticut
• East Granby, Connecticut
• Nashville, Tennessee
• Denver, Colorado

We recently disposed of parking assets in:

• Jacksonville, Florida (24% IRR) (sold in July, 2018)
• Oakland, California (42% IRR) (sold in October, 2018)

CURRENT SHARE PRICE

$0.255

OUTSTANDING SHARES MARKET CAPITALIZATION

34,854,257 $8,887,8351
1. Market Capitalization is based on the closing price of $0.255 of the Company’s common shares on
the TSX Venture Exchange on December 18, 2018.

I N V E S T O R P R E S E N T A T I O N 3
 P A R K I T E N T E R P R I S E I N C .

CURRENT ASSET BASE

5 USD $64.1 M
PARKING ASSETS APPRAISED VALUE

PARKIT CURRENTLY OWNS ASSETS WITH SEVERAL JOINT

VENTURE PARTNERS, INCLUDING OCH-ZIFF REAL ESTATE, AND
PROPARK AMERICA.

I N V E S T O R P R E S E N T A T I O N 4
 P A R K I T E N T E R P R I S E I N C .

CURRENT PORTFOLIO

Z PARKING
EAST GRANBY, CT
OFF-AIRPORT

CANOPY RICCIO LOT

DENVER, CO
EXPRESSO (SOLD) NEW HAVEN, CT
OFF-AIRPORT
OAKLAND, CA UNIVERSITY & MEDICAL FACILITY
NASHVILLE FLYAWAY
OFF-AIRPORT
NASHVILLE, TN
CHAPEL SQUARE
AIRPORT PARKING
NEW HAVEN, CT
COMMERCIAL DISTRICT

TERRA PARK (SOLD)

JACKSONVIILLE, FL
COMMERCIAL DISTRICT

PARKIT OWNS AN INDIRECT 24.39% EQUITY INTEREST IN OP HOLDINGS JV LLC, WHICH IN TURN OWNS: FIGURES IN USD. BASED ON OWNERSHIP OF THE FIVE ASSETS CURRENTLY
Z-PARKING OFF-AIRPORT PARKING, THE RICCIO LOT, THE CHAPEL SQUARE LOT, CANOPY OFF-AIRPORT PARKING. PARKIT OWNED – CANOPY, EXPRESSO, Z PARK, CHAPEL, RICCIO AND NASHVILLE
ALSO OWNS AN INDIRECT 50% EQUITY INTEREST IN NASHVILLE FLY-AWAY AIRPORT PARKING. FLY AWAY PARKING.

$57.5M $64.1M $13.99M $4.68M 8.1%

AGGREGATE PURCHASE VALUE CY 2017 REVENUE CY 2017 NET OPERATING CAP RATE ON
PRICES INCOME TOTAL COST

I N V E S T O R P R E S E N T A T I O N 5
 P A R K I T E N T E R P R I S E I N C .

RECENT SALES
EXPRESSO AIRPORT PARKING TERRA PARK PARKING FACILITY
OAKLAND, CALIFORNIA JACKSONVILLE, FLORIDA
• Services Oakland International Airport • Services Jacksonville Central Business District
• Acquired by Parkit and its partners for USD $18.6M in 2014 • Bought by OP Holdings JV for US$6.4M in 2015
• 1,899 stalls • Sold for US$6.8M in 2018 plus an additional sum of USD
• Sold to OP Holdings JV in 2015 for USD 19.2M $750,000 paid monthly over the course of a year
• Sold in 2018 for USD $36.1M • Achieved an IRR to Equity of 24% for the JV
• Achieved an IRR to Equity of 42% for the JV

I N V E S T O R P R E S E N T A T I O N 6
EXPRESSO AIRPORT PARKING
OAKLAND, CALIFORNIA

I N V E S T O R P R E S E N T A T I O N 7
TERRA PARK PARKING FACILITY
JACKSONVILLE, FLORIDA

I N V E S T O R P R E S E N T A T I O N 8
 P A R K I T E N T E R P R I S E I N C .

DISPOSITIONS

DUE TO THE SALE OF THESE TWO ASSETS WITHIN

THE OP HOLDINGS JV LLC:

Through its Joint Venture, As a result, all proceeds from

Parkit has now fulfilled its 15% asset sales and refinances
IRR Hurdle due to Och Ziff Real from the OP Holdings JV LLC
Estate. will now flow to PAVe*.

* PAVe, is an entity owned 82.83% by Parkit.

I N V E S T O R P R E S E N T A T I O N 9
 P A R K I T E N T E R P R I S E I N C .

CURRENT PORTFOLIO
P A R K I T E N T E R P R I S E I N C .

CURRENT PROPERTIES

2010
CANOPY AIRPORT PARKING FACILITY
DENVER, COLORADO

• Services Denver International Airport

• Developed by Parkit and its partners for a total cost of
CAD $18.0M in 2010.
• Sold to the OP Holdings JV LLC for CAD $27.1 million (plus
contingent earn-outs) in April 2015
• Owned by OP Holdings JV LLC in which Parkit owns an
indirect 24.39% equity interest
• Land lease expires in 2035
• 4,200 Stalls
• Refinanced in 2017 for an appraised value of USD $37.6M
• 2017 Revenue of USD $8.9M
• 2017 NOI of USD $ 3.49M
• Refinanced in 2017 at an appraised value of USD $37.6M

I N V E S T O R P R E S E N T A T I O N 11
CANOPY AIRPORT PARKING
DENVER, COLORADO

I N V E S T O R P R E S E N T A T I O N 12
 P A R K I T E N T E R P R I S E I N C .

CURRENT PROPERTIES
2015 2015
RICCO LOT HOSPITAL PARKING CHAPEL SQUARE LOT
NEW HAVEN, CONNECTICUT NEW HAVEN, CONNECTICUT

• Services the Smilow Cancer Hospital and the Yale New • 2017 Revenue of USD $1.1M
Haven Children’s Hospital • 2017 NOI of USD $570,207
• Acquired by OP Holdings JV for USD $4.3M in 2015 • Acquired by OP Holdings JV in 2015 for $10.5M
• Refinanced in 2017 at an appraised value of USD $4.5M • Refinanced in 2017 at an appraised value of $10.5M
• Achieved 2017 NOI of $298K representing a 6.9% cap rate • Property owned by OP Holdings JV LLC in which Parkit owns
on initial cost an indirect 24.39% equity interest.
• Property owned by OP Holdings JV LLC in which Parkit owns
an indirect 24.39% equity interest.

I N V E S T O R P R E S E N T A T I O N 13
RICCO LOT HOSPITAL PARKING
NEW HAVEN, CONNEC TICUT

I N V E S T O R P R E S E N T A T I O N 14
CHAPEL SQUARE LOT
NEW HAVEN, CONNEC TICUT

I N V E S T O R P R E S E N T A T I O N 15
 P A R K I T E N T E R P R I S E I N C .

CURRENT PROPERTIES

2015 2015
Z-PARKING NASHVILLE FLY-AWAY AIRPORT PARKING
EAST GRANBY, CONNECTICUT NASHVILLE, TENNESSEE

• 2017 Revenue of USD $1.4M • Purchased in 2015 for USD $7.8M

• 2017 NOI of USD $217,264 • 2017 Revenue of USD $2.2M
• Refinanced in 2017 for an appraised value of USD $3.5M • 2017 NOI of USD $104,495
• Purchased by OP Holdings JV LLC in 2015 for $4.0M • 2018 Appraised Value of USD $7.85M based on income
• Property owned by OP Holdings JV LLC in which Parkit owns capitalization approach, USD $8.89M based on sales
an indirect 24.39% equity interest. comparison approach.
• Parkit holds an indirect 50% interest in the property

I N V E S T O R P R E S E N T A T I O N 16
Z-PARKING
EAST GRANBY, CONNEC TICUT

I N V E S T O R P R E S E N T A T I O N 17
NA SHVILLE FLY-AWAY AIRPORT PARKING
NASHVILLE, TENNESSEE

I N V E S T O R P R E S E N T A T I O N 18
 N E T A S S E T VA L U E C A L C U L AT I O N

SCENARIO 1

Sale in July 2020 Based on most recently

A p p ra i s e d Va l u e s
 Based on our most recently Appraised Prices
(2017 and 2018) and assuming a sale of our
assets in July 2020, we estimate Parkit would
have an after-tax Net Asset Value per Share of
approximately $0.66.*

* THE DISCLOSURE REGARDING THE POTENTIAL NET ASSET VALE CONSTITUTES FORWARD LOOKING FINANCIAL
INFORMATION. THIS INFORMATION BY ITS NATURE MAY NOT BE ACCURATE AND IS BASED ON A NUMBER OF
ASSUMPTIONS SET FORTH IN THIS PRESENTATION. READERS ARE CAUTIONED THAT THE ACTUAL RESULTS MAY
VARY FROM THE ASSUMPTIONS SET FORTH IN THIS PRESENTATION.

I N V E S T O R P R E S E N T A T I O N 20
P A R K I T E N T E R P R I S E I N C .

NET ASSET VALUE CALCULATION

S C E NA RI O 1 - Sa l e i n Jul y 20 20 at Ap p ra i s ed P r i c es
Appraised Value Loan
Loan Amount Net
Net Proceeds
Assumption: The four JV assets (OP Holdings Assets) are sold at most recently appraisedAppraised
prices inValue
July 2020: Amount Proceeds
Canopy
Canopy 37,600,000
37,600,000 (22,560,000)
(22,560,000) 15,040,000
15,040,000
Chapel
Chapel 10,500,000
Appraised Value
10,500,000 (5,198,000)
Loan Amount 1
(5,198,000) Net5,302,000
Proceeds
5,302,000
Riccio
Canopy
Riccio 4,500,000
37,600,000
4,500,000 (2,228,000)
(22,560,000)
(2,228,000) 2,272,000
15,040,000
2,272,000
ZZChapel
Park
Park 3,500,000
10,500,000
3,500,000 (1,383,000)
(5,198,000)
(1,383,000) 2,117,000
5,302,000
2,117,000
Riccio 56,100,000
4,500,000
56,100,000 (31,369,000)
(2,228,000)
(31,369,000) 24,731,000
2,272,000
24,731,000
Closing
Closing Costs (2%)
Z Park Costs (2%) 3,500,000 (1,383,000) (1,122,000)
2,117,000
(1,122,000)
56,100,000 USD
(31,369,000)
USD 23,609,000
24,731,000
23,609,000
Closing Costs (2%) (1,122,000)
USD 23,609,000
Based on the OP Holdings JV LLC agreement, the waterfall would produce the following cash flows to Parkit:2
OPH JV
OPH JV reference
reference PAVe Distribution
PAVe Distribution Parkit %
Parkit % Parkit Distribution
Parkit Distribution
Pave
Pave 15%
15% IRR
IRR 6.4(c)(ii)
6.4(c)(ii) 14,501,941
14,501,941 82.83%
82.83% 12,011,958
12,011,958
Up to $3 million
Up to $3 million 6.4(c)(iii),
OPH JV 6.4(b)(ii)(x)
reference
6.4(c)(iii), 6.4(b)(ii)(x) PAVe 3,000,000
Distribution
3,000,000 40.60%
Parkit
40.60%% Parkit 1,218,000
Distribution
1,218,000
1st
Pave
1st promote
15% IRR
promote 6.4(a)(ii)x
6.4(c)(ii)
6.4(a)(ii)x 423,473
14,501,941
423,473 50.00%
82.83%
50.00% 211,737
12,011,958
211,737
17%
Up toIRR
17% $3 million
IRR 6.4(a)(ii)y
6.4(c)(iii),
6.4(a)(ii)y 6.4(b)(ii)(x) 608,910
3,000,000
608,910 82.83%
40.60%
82.83% 504,360
1,218,000
504,360
2nd
2nd promote
1st promote
promote 6.4(a)(iii)x
6.4(a)(ii)x
6.4(a)(iii)x 795,529
423,473
795,529 50.00%
50.00% 397,764
211,737
397,764
22%
22% IRR
17% IRR 6.4(a)(iii)y
6.4(a)(ii)y
6.4(a)(iii)y 830,665
608,910
830,665 82.83%
82.83% 688,040
504,360
688,040
2nd promote 6.4(a)(iii)x USD
USD 20,160,518
795,529
20,160,518 USD
50.00%
USD 15,031,859
397,764
15,031,859
22% IRR 6.4(a)(iii)y 830,665 82.83% 688,040
Based on the lower range of the most recent appraised value for Nashville Fly-Away Airport Parking, assume that the property is sold for
USD 20,160,518 USD 15,031,859
USD$8M:
Appraised
Appraised Value
Value Loan
Loan Amount
Amount Net
Net Proceeds
Proceeds
Nashville
Nashville 8,000,000
8,000,000 5,944,000
5,944,000 2,056,000
2,056,000
Closing
Closing Costs
Costs (2%)
(2%) Appraised Value Loan Amount 160,000
Net Proceeds
160,000
Total
Nashville
Total 8,000,000 USD
5,944,000
USD 1,896,000
2,056,000
1,896,000
Parkit
ClosingDistribution:
Parkit Costs (2%)
Distribution: 50%
50% 948,000
160,000
948,000
Total USD 1,896,000
1.Parkit Distribution:
ASSUMES THAT PROPERTIES HAVE THE SAME AMOUNT OF DEBT AS THEY HAD IN JULY 2018. 50%
IN REALITY, THE LOAN AMOUNTS SHOULD BE LOWER DUE TO THE AMORTIZATION OF THE LOANS. 948,000
2. AS OF SEPTEMBER 2018, PARKIT HAS FULLFILLED ITS 15% IRR HURDLE TO OCH ZIFF REAL ESTATE, MEANING THAT ALL PROCEEDS FROM ASSET SALES AND REFINANCES IN THE JOINT VENTURE FLOW TO PAVE (OF WHICH
PARKIT OWNS 82.83%) UNTIL PAVE HAS RECEIVED A 15% IRR ON CONTRIBUTED CAPITAL. THEREAFTER PROFITS FLOW THROUGH THE WATERFALL AS PER THE OP HOLDINGS JV LLC AS SHOWN ABOVE.
3. PLEASE NOTE THAT NO ASSET SALES ARE CURRENTLY CONTEMPLATED AND THIS NAV VALUATION HAS BEEN PROVIDED SOLELY FOR ILLUSTRATIVE PURPOSES.

I N V E S T O R P R E S E N T A T I O N 21
NET ASSET VALUE CALCULATION
S C E NA RI O 1 - Sa l e i n Jul y 20 20 at Ap p ra i s ed P r i c es
Based on these assumptions and two years of corporate overhead, this produces an after-tax book value per share of $0.66:

Per Financial Statements JV JV JV JV Associate PKT Corp PKT Corp JV PKT Subtotal
CAD USD USD USD USD USD USD USD USD USD USD USD USD USD USD CAD
July 31 2018 1.3017 31-Jul-18 Mgmt Fee Mgmt Fee PRE Receivable Equity Accretion Amortize Expenses OPH Nashville Financing Consolidated
Fee income up to Expected receipt of Repayment of pick-up & operating of discounted note Prepaid Expenses and Capital proceeds - Capital proceeds Estimated US tax Amount raised from Projected NAV
June 2018 & PRE fee income July remaining distributions to face value Intangible Assets assuming all assuming property liability rights offering close assuming all
repayment received 2018 to July 2020 current portion properties disposed disposed July 31, on December 18, properties
in September 2018 of PRE receivable July 31, 2020 2020 2018 disposed of by July
31, 2020

[K] [A] [B] [C] [D] [E] [F] [G] [H] [I] [J] [L] [K]
Cash 1,841,228 spot 1,414,480 212,266 233,798 39,829 542,000 (1,292,000) 16,163,014 948,000 (1,672,309) 551,794 17,140,873 22,312,274
Accounts Receivable - Mgmt fee 152,990 spot 117,531 (106,133) (11,398) - -
Accounts Receivable - Other(exc. LT Rec.) 18,846 spot 14,478 14,478 18,846
Prepaid Expenses & Deposits 15,729 spot 12,083 (6,555) 5,528 7,196
Receivable from Parking Real Estate LLC 1,439,631 spot 1,105,962 (106,133) (39,829) 960,000 1,249,632
Intangible Assets 75,000 spot 57,617 (57,617) - -
Investment in Associate 1,262,804 H 1,004,766 213,234 (1,218,000) - -
Investment in JV - OPH 13,118,129 H 9,844,002 (9,844,002) - -
Investment in JV - Nashville 593,064 (593,064) - -
Accounts payable (198,888) spot (152,791) (152,791) (198,888)
Net Asset Value 17,725,469 14,011,192 - 222,400 - 542,000 213,234 (64,172) (1,292,000) 5,101,012 354,936 (1,672,309) 551,794 17,968,087 23,389,059

# of common shares outstanding 32,377,462 2,476,795 34,854,257

NAV per share $ 0.55 $ 0.67

# of stock options outstanding 1,845,000 1,845,000

Proceeds raised if all options exercised $ 801,500 $ 801,500
Fully diluted $ 0.54 [L] $ 0.66

Legend:

PKT Corp Parkit Enterprise Inc. - Corporate Expenses

Associate Investment in Associate (Green Park Denver)
PRE Parking Real Estate LLC (3rd party)
JV Investment in Joint Venture (Parking Acquisition Ventures, LLC or "PAVE")
OPH OP Holdings JV, LLC (or “OP Holdings”)
Nashville PAVe Nashville, LLC

PAVE % in OPH 29.45%

PKT % of PAVE % in OPH 82.83%
Net PKT % in OPH 24.39% (PKT % held through 100% owned subsidiaries)

PAVE % in Nashville 100.00%

PKT % of PAVE % in Nash. 50.00%
Net PKT % in Nashville 50.00% (PKT % held through 100% owned subsidiaries)

I N V E S T O R P R E S E N T A T I O N 22
 NET ASSET VALUE CALCULATION
S C E NA RI O 1 - Sa l e i n Jul y 20 20 Ap p ra i s ed P r i ces
A s s umptions
[A]
[A] [A] to
Reduction
Reduction Reduction
to July
July 31, 2018toreceivables
31, 2018 July 31, 2018
receivables based
based receivables
on actual based
on actual amount
amount onreceived
actual amount
received in
in Septemberreceived
September in September 2018.
2018.
2018.
[B]
[B] The Company
[B]
The Company receives
The Company
receives management
management receivesfees fees from
management OPH.
from OPH. fees Management fee expected
from OPH.feeManagement
Management to
expected to decreasedecrease
fee expected to
to US$9,000
to decrease
US$9,000 per
per month
to US$9,000 per month after the disposition of the Expresso property in October 2018.
month
after
after the
the disposition
disposition of of the
the Expresso
Expresso propertyproperty in in October
October 2018. 2018.
[C] Of [C] Of the July 31, 2018 receivable from PRE, US$960,000 of the balance is to be repaid from the disposition of certain parking assets held in the OPH portfolio. (The expected incoming cash from PRE to settle
[C] Of the
the July
July 31,31, 2018
2018 receivable
receivable from from PRE, PRE, US$960,000
US$960,000 of of the
the balance
balance is is to
to bebe repaid
repaid fromfrom thethe disposition
disposition of of certain
certain parking
parking assets
assets
held
held inin the
the OPHOPH the US$960K(The
portfolio.
portfolio. receivable
(The expected
expected after
incomingthe disposition
incoming cash fromofPRE
cash from PREthetotoremaining
settle
settle the theJV properties
US$960K
US$960K is not shown
receivable
receivable after
after the
thein disposition
the table above
disposition of thefor simplicity). The remainder of the receivable of US$145,962 as of July 31, 2018 is being repaid
of the
remaining
remaining JV JV properties is
is not
from the assignment
properties not shown
shownofin the
the table
inPRE’s portion
table above
above for
for simplicity).
of the management fee from OPH JV, and is expected to be repaid during the next 12 months.
simplicity).
The remainder
The [D]
remainderThe of
of the
the receivable
receivable of
of US$145,962
US$145,962 as
as of July
July 31,
of income. 31, 2018
2018 is
is being
being repaid
repaid from
from to the assignment
theservice
assignment of
of PRE's
PRE's portion
portion of
of the
the
management joint ventureand will earn operating Excess cash not needed operations and the debt is to be distributed to JV members. The estimate for equity pick-up reflects the expected net
management fee fee from
from OPHOPH JV, JV, and is is expected
expected to to bebe repaid
repaid during
during the the next
next 12 12 months.
months.
[D]
[D] The
The joint
joint venture
venture income
will reduction
will earn
earn operating
operating in the JV from
income.
income. the sale
Excess
Excess cashofnot
cash two
not of theto
needed
needed sixservice
to properties
service operations
operationsin theand OPH
and theportfolio
the debt
debt is is toin be
to 2018,
be and for simplicity we have assumed all operating cash flows were distributed to the JV members.
distributed
distributed
to
to JV
JV members.
members.However, The
The estimatethe amount
estimate for
for equity
equityandpick-up
timing reflects
pick-up of actualthe
reflects the expected
operating
expectedcash net income
net flows
income fromreduction
the JV in
reduction will
in the
the JV
JV from
vary from the
from thesale
the of
of two
estimate.
sale of
of the
two Note, six
six properties
the the actual quarterly equity pick-up has historically varied significantly quarter to quarter due in
properties
in the OPH portfolio
in the OPH portfolio in 2018, and for simplicity we have assumed all operating cash flows were distributed to the JV members.
part toinseasonality.
2018, and for simplicity we have assumed all operating cash flows were distributed to the JV members.
However,
However, the the amount
amount and and timing
timing of of actual
actual operating
operating cash cash flows
flows from
from the the JVJV will
will vary
vary from
from the the estimate.
estimate.
Note, [E]the actual The only significant asset has retained in the varied
associate is an earnings-based contingent receivable from OPH. The final tranche of US$3 million is payable upon the disposition of assets in accordance with the
Note, the actual quarterly equity pick-up has historically varied significantly quarter to quarter due
quarterly equity pick-up historically significantly quarter to quarter due in in part
part toto seasonality.
seasonality.
[E]
[E] The
The only
only significant OPH asset
significant retained
waterfall.
asset retained Thein the
the associate
inCompany associate is
is an
is entitled an earnings-based
to 40.6% of this
earnings-based contingent
amount, receivable
contingent or US$1.218
receivable from
from OPH.
OPH. The
million. The final
final tranche
tranche of of
US$3
US$3[F] million is payable
million is Reflect upon
payableamortization the disposition
upon the disposition of assets
of assets in accordance
in accordance with the OPH waterfall. The Company is entitled to
to 40.6%
of prepaid and intangible assetswith the31,
of July OPH2018.waterfall.
Assume Theno Company
significant is entitled
new prepaids 40.6% for simplicity.
of
of this
this amount,
amount, or or US$1.218
US$1.218 million.million.
[F]
[F] Reflect
[G]amortization
Reflect amortizationReflects of
of 2prepaid
years of
prepaid and
and intangible
expected
intangible assets
assets of
expenses. July
July 31,
of Year 2018.
2018. Assume
1 includes
31, US$32Kno
Assume ofsignificant
no new
new prepaids
one-time expenses.
significant prepaids for for simplicity.
simplicity.
[G]
[G] Reflects
Reflects 22 years
years of
of expected
expected expenses.
expenses. Year
Year 11 includes
includes US$32K
US$32K of
of one-time
one-time expenses.
expenses.
[H] Estimate based on disposition of four remaining properties as of July 31, 2020.
[H]
[H] Estimate
Estimate based based on on disposition
disposition of of four
four remaining
remaining propertiesproperties as as of
of July
July 31,
31, 2020.
2020.
Gross
Gross Proceeds
Proceeds -- JV JV 56,100,000 Based
56,100,000 Based on on 2017
2017 appraisals
appraisals used
used inin refi
refi
less
less transaction
transaction costs costs (1,122,000)
(1,122,000) EstimatedEstimated at at 2%
2%
less
less estimated
estimated debt debt heldheld (31,369,000) Based
(31,369,000) Based on on 2017
2017 debt
debt refinancing.
refinancing.
Net
Net proceeds
proceeds to to be
be distributed
distributed by by JVJV 23,609,000 Estimated
23,609,000 Estimated
The
The amount
amount of of the
the sale
sale proceeds
proceeds is is distributed
distributed to to JVJV members
members pursuant
pursuant to to aa multi-staged
multi-staged prioritypriority payment
payment waterfall.
waterfall.
Under
Under the the waterfall, defined
definedofcapital
The amount
waterfall, the sale
capital proceeds
proceeds
proceeds were
were distributed
distributed to
is distributed to Och-Ziff
to JV members
Och-Ziff Real
Real Estate
pursuant
Estate until
until tothe first
first IRR
IRR hurdle
a multi-staged
the hurdle of
of 15%
priority 15% was
was met.
payment met.waterfall. Under the waterfall, defined capital proceeds were distributed to Och-Ziff Real Estate
This hurdle was
This hurdle wasuntil met
metthe in October
in October 2018 with the sale of the Expresso property.
first IRR2018 hurdle with
of the15%sale wasofmet. the Expresso
This hurdle property.
was met in October 2018 with the sale of the Expresso property. PAVE is now receiving 100% of the distributions from property dispositions and debt
PAVE
PAVE is is now
now receiving
receiving 100% 100% of of the
the distributions
distributions from from property
property dispositions
dispositions and and debt
debt re-financings
re-financings in in the
the joint
joint venture
venture in in the
the
second re-financings in theits joint venture in the met. second stage of the waterfall untilallocated
its 15% IRR hurdle is met. Thereafter, distributions are allocated among the JV members as defined in each subsequent stage of
second stagestage of of the
the waterfall
waterfall until until its 15% 15% IRR IRR hurdle
hurdle is is met. Thereafter,
Thereafter, distributions
distributions are are allocated
among
among the the JV JV members
the waterfall.
members as
as defined
The amount
defined in
in each
eachand subsequent
timing ofstage
subsequent stage of
of the
the waterfall.
any operating or capital distributions, and actual net proceeds will impact the amount to be received under the waterfall distribution. Actual results will vary from
waterfall.
The
The amount
amount and and timing of of any
any operating
operating or or capital
capital distributions,
distributions, and and actual
actual net net proceeds
proceeds will will impact
impact the the amount
amount to to be
be received
received under
thetiming
estimate. under
the
the waterfall
waterfall distribution.
distribution. Actual Actual results
results will will varyvary fromfrom the the estimate.
estimate.
[I] [I]
Estimate Estimate based onproperty dispositionofofJuly property as of July 31, 2020.
[I] Estimate based based on on disposition
disposition of of property as as of July 31, 31, 2020.
2020.
Gross Proceeds
Gross Proceeds - JV - JV 8,000,000
8,000,000 Based Based on on 2018
2018 appraisal
appraisal
less
less transaction
transaction costs costs (160,000) Estimated
(160,000) Estimated at at 2%
2%
less
less estimated
estimated debt debt heldheld (5,944,000)
(5,944,000) Based Based on on July
July 31,
31, 2018
2018 balance.
balance.
Net
Net proceeds
proceeds to to be
be distributed
distributed by by JVJV 1,896,000 50%
1,896,000 50% equity
equity interest
interest
Portion
Portion to to Parkit
Parkit 948,000
948,000
Assumed no
Assumed no operatingoperating distributions
distributions for simplicity
fordistributions
simplicity (none (none received
received to to date).
date).received to date).
[J] Estimated Assumed no operating for simplicity (none
[J] Estimated tax tax using
using an an estimated
estimated effectiveeffective tax tax rate
rate of of 27%
27% comprised
comprised of of 21%
21% federal
federal tax tax rate
rate plus
plus state
state taxes.
taxes.
Simplified approach used to estimate taxable capital
Simplified approach used to estimate taxable capital gain and operating income. gain and operating income.
Actual
Actual results
results willwill vary
vary from
from the the estimate.
estimate.
[K]
[K] The
The Company's reporting currency is
Company's reporting currency is CAD.
CAD. Distributions
Distributions received received from from itsits investment
investment in in JV
JV and
and associate
associate are are in in USD.
USD.
For
For the
the purposes
purposes of of this
this analysis,
analysis, the the expected
expected cashflows cashflows were were presented
presented in in USD.
USD.
For
For the
the purposes
purposes of of this
this analysis,
analysis, aa consistent
consistent FX FX rate
rate waswas used.
used.
The I N into V EUSD S based
T O Ron P exchange
R E S Erates N Tused A Tfor I the
O July
N 31, 2018 23
The beginning
beginning NAV NAV was was translated
translated into USD based on thethe exchange rates used for the July 31, 2018 reporting.
reporting.
Future cash flows incurred in CAD (such as Parkit corporate expenses)
Future cash flows incurred in CAD (such as Parkit corporate expenses) were translated at the FX rate at July 31, 2018.were translated at the FX rate at July 31, 2018.
The
The ending
ending NAV NAV waswas calculated
calculated in in USD
USD and and translated
translated into into CADCAD using
using the the same
same FX FX rate
rate atat ofof July
July 31,
31, 2018.
2018.
Actual
Actual future
future results
results as as reported
reported in in CAD
CAD willwill differ
differ from from changes
changes in in FX
FX rates.
rates.
NET ASSET VALUE CALCULATION
S C E NA RI O 1 - Sa l e i n Jul y 20 20 at Ap p ra i s ed P r i c es
A s s umptions
[J] Estimated tax using an estimated effective tax rate of 27% comprised of 21% federal tax rate plus state taxes. Simplified approach used to estimate taxable capital gain and operating income.
Actual results will vary from the estimate.
[K] The Company's reporting currency is CAD. Distributions received from its investment in JV and associate are in USD. For the purposes of this analysis, the expected cashflows were presented in USD. For
the purposes of this analysis, a consistent FX rate was used. The beginning NAV was translated into USD based on the exchange rates used for the July 31, 2018 reporting. Future cash flows incurred in CAD
(such as Parkit corporate expenses) were translated at the FX rate at July 31, 2018. The ending NAV was calculated in USD and translated into CAD using the same FX rate at of July 31, 2018. Actual future
results as reported in CAD will differ from changes in FX rates.
[L] Stock options outstanding

Outstanding Issued To be issued Proceeds Received Before Exercise of

Exercise price July 31, 2018 Aug 22, 2018 July 1, 2019* Total if Exercised dilution stock options Fully Diluted **
$0.29 - 100,000 - 100,000 $29,000 NAV $23,389,059 $801,500 $24,190,559
$0.30 500,000 - - 500,000 $150,000 # of common shares 34,854,257 1,845,000 36,699,257
$0.50 1,245,000 - - 1,245,000 $622,500 NAV per common share $0.67 $0.66
1,745,000 100,000 - 1,845,000 $801,500

On November 7,2018 the Company announced a rights offering for gross proceeds up to $5 million based on a subscription price of C$0.29 per share. On December 18, 2018, the Company announced it
closed the rights offering and raised C$718,270.55 for 2,476,795 shares.

Guaranteed proceeds $718,271 CAD

FX rate 1.3017 USD/CAD

Guaranteed proceeds $551,794 USD

The following future equity transaction has not been included in the NAV per share calculations. When completed, these transactions will decrease the projected basic and diluted NAV per share.
* The Company is to grant a further 100,000 stock options on or about the first anniversary of July 1, 2019. The exercise price has not been set in advance.

[M] The assumptions set forth for scenario 2 are subject to a number of risk factors including, without limitation:
(i) Fluctuations in the market value of the properties
(ii) Fluctuations in foreign currency exchange rates
(iii) General Economic Conditions
(iv) The date at which the properties are disposed of

I N V E S T O R P R E S E N T A T I O N 24
 N E T A S S E T VA L U E C A L C U L AT I O N

SCENARIO 2

Sale in July 2022 Based on most recently

A p p ra i s e d Va l u e s
 Based on our most recently Appraised Prices
and assuming a sale of our assets in July 2022,
we estimate that we would have an after-tax Net
Asset Value per Share of approximately $0.71.

* THE DISCLOSURE REGARDING THE POTENTIAL NET ASSET VALE CONSTITUTES FORWARD LOOKING FINANCIAL
INFORMATION. THIS INFORMATION BY ITS NATURE MAY NOT BE ACCURATE AND IS BASED ON A NUMBER OF
ASSUMPTIONS SET FORTH IN THIS PRESENTATION. READERS ARE CAUTIONED THAT THE ACTUAL RESULTS MAY
VARY FROM THE ASSUMPTIONS SET FORTH IN THIS PRESENTATION.

I N V E S T O R P R E S E N T A T I O N 26
NET ASSET VALUE CALCULATION
S C E NA RI O 2 - Sa l e i n Jul y 20 22 at Ap p ra i s ed P r i c es
Appraised Value Loan Amount Net Proceeds
Assume that the four JV assets (OP Holdings Assets) are sold at most recent appraised prices in July 2022:
Canopy 37,600,000 (22,560,000)1 15,040,000
Chapel Appraised Value
10,500,000 Loan Amount
(5,198,000) Net5,302,000
Proceeds
Canopy
Riccio 37,600,000
4,500,000 (22,560,000)
(2,228,000) 15,040,000
2,272,000
Chapel
Z Park 10,500,000
3,500,000 (5,198,000)
(1,383,000) 5,302,000
2,117,000
Riccio 4,500,000
56,100,000 (2,228,000)
(31,369,000) 2,272,000
24,731,000
ZClosing
Park Costs (2%) 3,500,000 (1,383,000) 2,117,000
(1,122,000)
56,100,000 (31,369,000)
USD 24,731,000
23,609,000
Closing Costs (2%) (1,122,000)
USD 23,609,000
2
Based on the OP Holdings JV LLC agreement, the waterfall would produce the following cash flows to Parkit:
OPH JV reference PAVe Distribution Parkit % Parkit Distribution
Pave 15% IRR 6.4(c)(ii) 18,458,558 82.83% 15,289,224
Up to $3 million OPH JV reference
6.4(c)(iii), 6.4(b)(ii)(x) PAVe Distribution
3,000,000 Parkit
40.60%% Parkit Distribution
1,218,000
Pavepromote
1st 15% IRR 6.4(c)(ii)
6.4(a)(ii)x 18,458,558
357,970 82.83%
50.00% 15,289,224
178,985
Up to
17% IRR$3 million 6.4(c)(iii),
6.4(a)(ii)y 6.4(b)(ii)(x) 3,000,000
514,723 40.60%
82.83% 1,218,000
426,345
1st promote
2nd promote 6.4(a)(ii)x
6.4(a)(iii)x 357,970
9,842 50.00%
50.00% 178,985
4,921
17% IRR
22% IRR 6.4(a)(ii)y
6.4(a)(iii)y 514,723
10,277 82.83%
82.83% 426,345
8,512
2nd promote 6.4(a)(iii)x USD 9,842
22,351,370 50.00%
USD 4,921
17,125,987
22% IRR 6.4(a)(iii)y 10,277 82.83% 8,512
USD 22,351,370 USD
Based on the lower range of the most recent appraised value for Nashville Fly-Away Airport Parking, assume that the property is sold for USD$8M: 17,125,987

Appraised Value Loan Amount Net Proceeds

Nashville 8,000,000 5,944,000 2,056,000
Closing Costs (2%) Appraised Value Loan Amount Net Proceeds
160,000
Nashville
Total 8,000,000 5,944,000
USD 2,056,000
1,896,000
ClosingDistribution:
Parkit Costs (2%) 50% 160,000
948,000
Total USD 1,896,000
Parkit
1. Distribution:
ASSUMES THAT PROPERTIES HAVE THE SAME AMOUNT OF DEBT AS THEY HAD IN JULY 2018. 50%
IN REALITY, THE LOAN AMOUNTS SHOULD BE LOWER DUE TO THE AMORTIZATION OF THE LOANS. 948,000
2. AS OF SEPTEMBER 2018, PARKIT HAS FULLFILLED ITS 15% IRR HURDLE TO OCH ZIFF REAL ESTATE, MEANING THAT ALL PROCEEDS FROM ASSET SALES AND REFINANCES IN THE JOINT VENTURE FLOW TO PAVE (OF WHICH
PARKIT OWNS 82.83%) UNTIL PAVE HAS RECEIVED A 15% IRR ON CONTRIBUTED CAPITAL. THEREAFTER PROFITS FLOW THROUGH THE WATERFALL AS PER THE OP HOLDINGS JV LLC AS SHOWN ABOVE.
3. PLEASE NOTE THAT NO ASSET SALES ARE CURRENTLY CONTEMPLATED AND THIS NAV VALUATION HAS BEEN PROVIDED SOLELY FOR ILLUSTRATIVE PURPOSES.

I N V E S T O R P R E S E N T A T I O N 27
NET ASSET VALUE CALCULATION
S C E NA RI O 2 - Sa l e i n Jul y 20 22 at Ap p ra i s ed P r i c es

Based on these assumptions and four years of corporate overhead, this produces an after-tax book value per share of $0.77:
Per Financial Statements JV JV JV JV Associate PKT Corp PKT Corp JV PKT Subtotal
CAD USD USD USD USD USD USD USD USD USD USD USD USD USD USD CAD
July 31 2018 1.3017 31-Jul-18 Mgmt Fee Mgmt Fee PRE Receivable Equity Accretion Amortize Expenses OPH Nashville Financing Consolidated
Fee income up to Expected receipt of Repayment of pick-up & operating of discounted note Prepaid Expenses Capital proceeds - Capital proceeds Estimated US tax Amount raised Projected NAV
June 2018 & PRE fee income July remaining distributions to face value and Intangible assuming all assuming property liability from rights offering assuming all
repayment received 2018 to July 2022 current portion Assets properties disposed disposed July 31, close on December properties
in September 2018 of PRE receivable July 31, 2022 2022 18, 2018 disposed of by July
31, 2022

[K] [A] [B] [C] [D] [E] [F] [G] [H] [I] [J] [L] [K]
Cash 1,841,228 spot 1,414,480 212,266 449,798 39,829 1,084,000 (2,552,000) 18,257,142 948,000 (1,708,006) 551,794 18,697,303 24,338,280
Accounts Receivable - Mgmt fee 152,990 spot 117,531 (106,133) (11,398) - -
Accounts Receivable - Other(exc. LT Rec.) 18,846 spot 14,478 14,478 18,846
Prepaid Expenses & Deposits 15,729 spot 12,083 (6,555) 5,528 7,196
Receivable from Parking Real Estate LLC 1,439,631 spot 1,105,962 (106,133) (39,829) 960,000 1,249,632
Intangible Assets 75,000 spot 57,617 (57,617) - -
Investment in Associate 1,262,804 H 1,004,766 213,234 (1,218,000) - -
Investment in JV - OPH 13,118,129 H 9,844,002 (9,844,002) - -
Investment in JV - Nashville 593,064 (593,064) - -
Accounts payable (198,888) spot (152,791) (152,791) (198,888)
Net Asset Value 17,725,469 14,011,192 - 438,400 - 1,084,000 213,234 (64,172) (2,552,000) 7,195,140 354,936 (1,708,006) 551,794 19,524,518 25,415,065

# of common shares outstanding 32,377,462 2,476,795 34,854,257

NAV per share $ 0.55 $ 0.73

# of stock options outstanding 1,845,000 1,845,000

Proceeds raised if all options exercised $ 801,500 $ 801,500
Fully diluted $ 0.54 [L] $ 0.71

Legend:

PKT Corp Parkit Enterprise Inc. - Corporate Expenses

Associate Investment in Associate (Green Park Denver)
PRE Parking Real Estate LLC (3rd party)
JV Investment in Joint Venture (Parking Acquisition Ventures, LLC or "PAVE")
OPH OP Holdings JV, LLC (or “OP Holdings”)
Nashville PAVe Nashville, LLC

PAVE % in OPH 29.45%

PKT % of PAVE % in OPH 82.83%
Net PKT % in OPH 24.39% (PKT % held through 100% owned subsidiaries)

PAVE % in Nashville 100.00%

PKT % of PAVE % in Nash. 50.00%
Net PKT % in Nashville 50.00% (PKT % held through 100% owned subsidiaries)

I N V E S T O R P R E S E N T A T I O N 28
 NET ASSET VALUE CALCULATION
S C E NA RI O 2 - Sa l e i n Jul y 20 22 at Ap p ra i s ed P r i c es
A s s umptions
[A] [A]
Reduction toReduction
July 31, 2018 to July 31, 2018based
receivables receivables
on actual based
amount on actual
received amount received2018.
in September in September 2018.
[B] The [B]Company receives management fees from OPH.
The Company receives management fees from OPH. Management fee expected Management fee expected to decrease to US$9,000
to decrease pertomonth
US$9,000 per month after the disposition of the Expresso property in October 2018.
after the disposition of the Expresso property in October 2018.
[A] Reduction
[C] toOfJuly
the 31, 2018
July 31, receivables
2018 based on
receivable fromactual PRE,amount receivedof
US$960,000 in the
September
balance 2018.
is to repaid from the disposition of assets
certain parking assets held in the OPH portfolio. (The expected incoming cash from PRE to settle
[C] Of the July 31, 2018 receivable from PRE, US$960,000 of the balance is to repaid from the disposition of certain parking
[B] The Company receives management fees from OPH. Management fee expected to decrease to US$9,000 per month
held
afterinthethe the US$960K
OPH
dispositionportfolio. receivable
(The expected
of the Expresso afterincoming
property the disposition
in October cash from
2018. of the
PREremaining
to settle the JV US$960K
properties is not shown
receivable afterin the the table above
disposition for simplicity). The remainder of the receivable of US$145,962 as of July 31, 2018 is being repaid
of the
[C] remaining
Of the July JV 31,properties
from2018 the is notfrom
assignment
receivable shown ofPRE, in US$960,000
PRE’stheportion
table above thefor
of the simplicity).
management
balance is to repaidfee from
from the OPH JV, and isofexpected
disposition certain parkingto be assets
repaid during the next 12 months.
Theheldremainder
in the OPHofportfolio.
the receivable of US$145,962
(The expected incomingascash of July
from31, PRE2018 is being
to settle the repaid
US$960K from the assignment
receivable of PRE's portion
after the disposition of the of the
[D]
management Thefeejoint
fromventure
OPH will
andearn operating income. Excess
during cash not 12needed to service operations and the debt is to be distributed to JV members. The estimate for equity pick-up reflects the expected net
remaining JV properties is notJV,shown isinexpected
the table above to be repaid
for simplicity). the next months.
[D] The
Thejoint
remainder income
venture thereduction
of will earn operating
receivable in
of the JV fromas
income.
US$145,962 the of sale
Excess Julycashof two
31, ofis the
not needed
2018 being six
to properties
service
repaid from in the
operations
the OPH
assignment andportfolio
the debtin
of PRE's is 2018,
to beof
portion and
thefor simplicity we have assumed all operating cash flows were distributed to the JV members.
distributed
tomanagement
JV members. feeThe
However, from estimate JV, for
OPHamount
the andequity
isandexpected pick-up
timing toofbereflects the
repaidoperating
actual expected
during thecash
nextnet 12income fromreduction
months.
flows the JV will in vary
the JVfrom fromthe theestimate.
sale of two of the
Note, thesixactual
properties
quarterly equity pick-up has historically varied significantly quarter to quarter due in
[D] inThe
thejoint
OPHventure
portfolio willinearn
2018,operating
and forincome. simplicity Excesswe havecash not neededalltooperating
assumed service operations
cash flows andwerethe debt is to be to
distributed distributed
the JV members.
to JV members. part to seasonality.
The estimate for equity pick-up reflectscash the expected netthe
income reduction in the
However, the amount and timing of actual operating flows from JV will vary from theJVestimate.
from the sale of two of the six properties
in[E]
Note, thethe
OPH The quarterly
actual onlyinsignificant
portfolio 2018, and for
equity asset
pick-up retained
simplicity has we in theassumed
have
historically associate is an earnings-based
variedallsignificantly
operating cash flowsto
quarter contingent
were
quarter duereceivable
distributed intopart
theto from OPH. The final tranche of US$3 million is payable upon the disposition of assets in accordance with the
JV seasonality.
members.
[E] However,
The the amount
only significant andretained
asset timing ofin actualthe operating is
associate cash
an flows from the JVcontingent
earnings-based will vary from the estimate.
receivable from OPH. The final tranche of
OPH waterfall. The Company is entitled to 40.6% of this amount, or US$1.218 million.
Note,million
US$3 the actual quarterly
is payable equity
upon thepick-up
disposition has historically
of assets varied significantly
in accordance withquarter
the OPH to quarter
waterfall. due Thein part to seasonality.
Company is entitled to 40.6%
[E] [F]only significant
The Reflectassetamortization
retained inofthe prepaid
associate andisintangible
an earnings-basedassets of July 31, receivable
contingent 2018. Assume from OPH. no significant new prepaids
The final tranche of for simplicity.
of this amount, or US$1.218 million.
US$3 million is payable upon the disposition of assets in accordance with the OPH waterfall. The Company is entitled to 40.6%
[F] [G] amortization
Reflect Reflects of 2 years
prepaid of and
expected
intangible expenses.
assets of Year July1 31,
includes
2018.US$32KAssumeofnoone-time significant expenses.
new prepaids for simplicity.
of this amount, or US$1.218 million.
[G] Reflects 2 years
[H] amortization of expected
Estimate expenses. Year 1 includes US$32Kproperties
of one-time expenses.
[F] Reflect ofbased
prepaid onanddisposition
intangibleof fourofremaining
assets July 31, 2018. Assumeas noof July 31, new
significant 2022. prepaids for simplicity.
[H][G] Estimate
Reflects 2based
yearson disposition
of expected of four remaining
expenses. Year 1 includes properties
US$32Kas ofof July 31,expenses.
one-time 2022.
[H] Estimate based Gross Proceeds - of
on disposition JVfour remaining properties as of July 31, 2022. 56,100,000 Based on 2017 appraisals used in refi
less
Gross transaction
Proceeds - costsJV (1,122,000)
56,100,000 BasedEstimated at 2% used in refi
on 2017 appraisals
less
less estimated
transaction debt costsheld (31,369,000)
(1,122,000) Estimated Based at on
2%2017 debt refinancing.
Net
less proceeds
estimated to debtbeheld
distributed by JV 23,609,000
(31,369,000) BasedEstimated
on 2017 debt refinancing.
The amount of Nettheproceeds to be distributed
debt proceeds is distributed by JV to JV members pursuant to a multi-staged 23,609,000 Estimated priority payment waterfall.
The amount
Under of the
the waterfall,
The debt
amount proceeds
definedof the is distributed
capital
debt proceeds
proceeds to
were JVdistributed
is members
distributed pursuant
totoJV to a multi-staged
Och-Ziff
members Estatepriority
Realpursuant until
to athe payment
first IRRwaterfall.
multi-staged hurdle of 15%
priority was met.
payment waterfall. Under the waterfall, defined capital proceeds were distributed to Och-Ziff Real Estate
Under
This the waterfall,
hurdle was met defined
in October capital2018proceedswith were
the sale distributed
of the to Och-Ziff
Expresso Real Estate until the first IRR hurdle of 15% was met.
property.
until the first IRR hurdle of 15% was met. This hurdle was met in October 2018 with the sale of the Expresso property. PAVE is now receiving 100% of the distributions from property dispositions and debt
This hurdle
PAVE is nowwas met in 100%
receiving October of 2018 with the sale from
the distributions of theproperty
Expresso dispositions
property. and debt re-financings in the joint venture in the
second now re-financings
PAVE isstage receiving 100%inofthe
of the waterfall thejoint
until venture
distributions
its 15% IRR fromin the
hurdle second
property
is stage of the
met.dispositions
Thereafter, and waterfall until
areits
debt re-financings
distributions 15%
in theIRR
allocated jointhurdle
venture is met.
in theThereafter, distributions are allocated among the JV members as defined in each subsequent stage of
second stagethe of the waterfall
waterfall. until
The its 15%and
amount IRR hurdle
timing isofmet.
any Thereafter,
operating distributions
or capital are allocated and actual net proceeds will impact the amount to be received under the waterfall distribution. Actual results will vary from
distributions,
among the JV members as defined in each subsequent stage of the waterfall.
among the JV members as defined in each subsequent stage of the waterfall.
The amount and timing of any operating or capital distributions, and actual net proceeds will impact the amount to be received under
The amount the and estimate.
timing of any operating or capital distributions, and actual net proceeds will impact the amount to be received under
the waterfall distribution. Actual results will vary from the estimate.
the[I]waterfallEstimate
distribution.based Actual results will vary
on disposition from the estimate.
of property as of July 31, 2022.
[I][I] Estimate based on disposition of property as of July 31, 2022.
Estimate based on disposition of property as of July 31, 2022.
Gross Proceeds- -JVJV
Gross Proceeds 8,000,000
8,000,000 BasedBased on 2018 onappraisal
2018 appraisal
less
less transaction
transaction costs costs (160,000)
(160,000) Estimated Estimated
at 2% at 2%
less
less estimated
estimated debt debtheld held (5,944,000)
(5,944,000) BasedBased on Julyon 31,July
2018 31,balance.
2018 balance.
Net
Net proceeds
proceeds to tobebedistributed
distributed bybyJVJV 1,896,000
1,896,000 50% equity50% equity
interestinterest
Portion
Portion to to Parkit
Parkit 948,000948,000
Assumedno
Assumed no operating
operating distributions
distributionsfor forsimplicity
simplicity (none
(none received
received to date).
to date).
[J][J] Estimatedtax
Estimated tax using an
Assumed an estimated
estimated
no operating effective
effective taxtax
distributions raterate offor
27%
of 27% comprised
comprised
simplicity of 21%
(none of federal
21%
received taxdate)
federal
to rate
taxplusratestate
plus taxes.
state taxes.
Simplified approach
Simplified approach used usedto toestimate
estimatetaxable taxable capital
capital gaingainandandoperating
operating income.
income.
Actualresults
Actual results will
will vary
vary from
fromthe theestimate.
estimate.
[K][K] TheCompany's
The Company's reporting
reporting currency
currencyisisCAD. CAD.Distributions
Distributions received
received from its investment
from its investment in JV in
andJVassociate
and associate are in USD.
are in USD.
For the purposes of this analysis, the expected cashflows were presented in USD.
For the purposes of this analysis, the expected cashflows were presented in USD.
For the purposes of this analysis, a consistent FX rate was used.
For the purposes of this analysis, a consistent FX rate was used.
The beginning NAV was translated into USD based on the exchange rates used for the July 31, 2018 reporting. 29
The beginning NAV was translated I N Vinto E USD S T based O R on PtheRexchange E S E N rates T used
A T for I OtheNJuly 31, 2018 reporting.
Future cash flows incurred in CAD (such as Parkit corporate expenses) were translated at the FX rate at July 31, 2018.
Future cash NAV
The ending flowswas
incurred in CAD
calculated (such
in USD andastranslated
Parkit corporate
into CADexpenses) wereFXtranslated
using the same rate at of at
Julythe
31,FX rate at July 31, 2018.
2018.
The ending
Actual NAV
future was as
results calculated
reported in
in USD anddiffer
CAD will translated into CAD
from changes in using the same FX rate at of July 31, 2018.
FX rates.
[L] Actual future results
Stock options as reported in CAD will differ from changes in FX rates.
outstanding
NET ASSET VALUE CALCULATION
S C E NA RI O 2 - Sa l e i n Jul y 20 22 at Ap p ra i s ed P r i c es
A s s umptions

[J] Estimated tax using an estimated effective tax rate of 27% comprised of 21% federal tax rate plus state taxes. Simplified approach used to estimate taxable capital gain and operating income. Actual results
will vary from the estimate.
[K] The Company’s reporting currency is CAD. Distributions received from its investment in JV and associate are in USD. For the purposes of this analysis, the expected cashflows were presented in USD.
For the purposes of this analysis, a consistent FX rate was used. The beginning NAV was translated into USD based on the exchange rates used for the July 31, 2018 reporting. Future cash flows incurred
in CAD (such as Parkit corporate expenses) were translated at the FX rate at July 31, 2018. The ending NAV was calculated in USD and translated into CAD using the same FX rate at of July 31, 2018. Actual
future results as reported in CAD will differ from changes in FX rates.
[L] Stock options outstanding

Outstanding Issued To be issued Proceeds Received Before Exercise of

Exercise price July 31, 2018 Aug 22, 2018 July 1, 2019* Total if Exercised dilution stock options Fully Diluted **
$0.29 - 100,000 - 100,000 $29,000 NAV $25,415,065 $801,500 $26,216,565
$0.30 500,000 - - 500,000 $150,000 # of common shares 34,854,257 1,845,000 36,699,257
$0.50 1,245,000 - - 1,245,000 $622,500 NAV per common share $0.73 $0.71
1,745,000 100,000 - 1,845,000 $801,500

On November 7,2018 the Company announced a rights offering for gross proceeds up to $5 million based on a subscription price of C$0.29 per share. On December 18, 2018, the Company announced it
closed the rights offering and raised C$718,270.55 for 2,476,795 shares.

Guaranteed proceeds $700,000 CAD

FX rate 1.3017 USD/CAD

Guaranteed proceeds $537,758 USD

The following future equity transaction has not been included in the NAV per share calculations. When completed, these transactions will decrease the projected basic and diluted NAV per share.
* The Company is to grant a further 100,000 stock options on or about the first anniversary of July 1, 2019. The exercise price has not been set in advance.

[M] The assumptions set forth for scenario 2 are subject to a number of risk factors including, without limitation:
(i) Fluctuations in the market value of the properties
(ii) Fluctuations in foreign currency exchange rates
(iii) General Economic Conditions
(iv) The date at which the properties are disposed of

I N V E S T O R P R E S E N T A T I O N 30
 P A R K I T E N T E R P R I S E I N C .

FUTURE ACQUISITIONS
 P A R K I T E N T E R P R I S E I N C .

FUTURE ACQUISTIONS

TARGETING OPPORTUNISTIC REAL ESTATE ASSETS IN THE USD $3 - $10 MILLION DOLLAR RANGE.

Assets should be accretive within one year on a free cash Targeting High Population and Economic Growth markets
flow per share basis in the US

Assets should meet a levered IRR Leverage will be approximately 65- Targeting stabilized and value add
hurdle of 15% 75% assets

*NOTE: AT THIS TIME NO ASSURANCES CAN BE MADE THAT FUTURE ACQUISITIONS WILL BE COMPLETED. THE ABOVE SETS FORTH THE COMPANY’S CRITERIA FOR
FUTURE ACQUISITIONS.

I N V E S T O R P R E S E N T A T I O N 32
 P A R K I T E N T E R P R I S E I N C .

C O R P O R AT E H I S TO RY

2006
Incorporated in 2006 as
a private company
2010
Purchases and begins construction 2014 2018 AUGUST 2018
on Canopy Airport Parking (4200 Parkit Acquires Espresso Parkit Acquires Smart Terra Park is sold
stall lot servicing Denver Int’l Airport Parking for Parking Solutions generating a 24% IRR for
Airport) $18.6M Canada OP Holdings JV LLC

2009 2011 2015 2018 SEPTEMBER 2018

Went Public Canopy Airport Parking is Parkit enters into Joint Venture Board of Parkit is Espresso Airport Parking is sold
as Greenscape completed with Och-Ziff and Propark reconstituted to generating a ~42% IRR for OP
Capital Group acquiring four additional assets Current Directors Holdings JV LLC
(Chapel Square, Terra Park,
Riccio Lot and Z Parking)

Parkit acquires Nashville

Off-Airport Parking with
Propark for $8M

I N V E S T O R P R E S E N T A T I O N 33
 P A R K I T E N T E R P R I S E I N C .

SHARE STRUCTURE

TSX-V: PKT
SHARES OUTSTANDING SHARE PRICE MARKE T C AP WARR ANTS

34.85 M $0.255 $8.9 M NONE

OPTIONS

1,845,000 TOTAL OPTIONS OUTSTANDING AS OF DECEMBER 18, 2018

100,000 AT C$0.29; 500,000 AT C$0.30; 1,245,000 AT C$0.50.
1,695,000 OPTIONS EXPIRE IN 2019; 150,000 EXPIRE IN 2022.

I N V E S T O R P R E S E N T A T I O N 34
 IF YOU HAVE ANY FURTHER QUESTIONS, PLEASE REACH OUT TO US

DAV I D D E L A N E Y AV I G E L L E R
EXECUTIVE CHAIRMAN INTERIM CEO

PHONE 416-951-9214 PHONE 732-966+1683

EMAIL david@parkitenterprise.com EMAIL avig@parkitenterprise.com

W W W. PA R K I T E N T E R P R I S E . C O M