SOL Strategies Inc.

Objectives of Compensation Program and Strategy

The Compensation Committee’s objective is to ensure the Company provides a competitive compensation package that reflects both base expectations to attract and retain appropriately experienced and qualified individuals, as well as to provide a link between discretionary short and long-term incentives with short and long term corporate goals, and to reward the successful achievement of such goals. Since the Company pivoted to focus on the Solana blockchain, management considers the Company to be still in its growth stage, nonetheless the Company is a complex, regulated institution which requires hiring experienced senior talent from highly competitive financial services and technology industries.

The Company uses its amended and restated omnibus equity incentive plan (the “Equity Incentive Plan”) in order to continue to attract new talent and incentivize employees to remain with the Company. Equity or stock-based compensation is necessary to attract the best talent from tech companies and financial services firms. Compensation at both these sources of talent trends high. Equity and profit share via stock based compensation are necessary to retain and incentivize existing employees in the volatile cryptocurrency sector. The industry is one that requires patience and a long-term perspective given its exposure to fluctuating market conditions. Managing turnover helps the Company achieve its goals more quickly and efficiently.