METHES ENERGIES INTERNATIONAL LTD | 2013 | FY | 3


  Grant Date   Exercise Period   No of Warrants     Exercise Price per share     Fair Value of Broker Warrants  
                         
Balance as at November 30, 2011 Nov. 23, 2011   2 years from October 1, 2013     65,189     $ 5.00        
Warrants issued Jan. 27, 2012   2 years from October 1, 2013     26,075     $ 5.00        
Class A warrants - IPO related Oct. 12, 2012   5 years from October 30, 2013     560,000     $ 7.50        
Class B warrants - IPO related Oct. 12, 2012   5 years from October 30, 2013     560,000     $ 10.00        
Broker Warrants related to IPO Oct. 12, 2012   5 years from October 30, 2013     56,000     $ 6.00     $ 159,250  
Class A warrants Oct. 25, 2012   5 years from October 30, 2013     2,000     $ 7.50          
Class B warrants Oct. 25, 2012   5 years from October 30, 2013     2,000     $ 10.00          
                               
Balance as at November 30, 2012           1,271,264                  
                               
Class A warrants - Private Placement Feb. 19, 2013   5 years from grant date     425,000     $ 7.50          
Class B warrants - Private Placement Feb. 19, 2013   5 years from grant date     425,000     $ 10.00          
Broker warrants - Private Placement Feb. 19, 2013   5 years from grant date     42,500     $ 4.20     $ 101,600  
Common stock warrants - Private Placement Aug. 21, 2013   5 years from grant date     28,248     $ 4.00          
Common stock warrants - Private Placement Sept. 17, 2013   5 years from grant date     138,654     $ 4.00          
Broker warrants - Private Placement Sept. 17, 2013   5 years from grant date     13,865     $ 2.38     $ 10,330  
Common stock warrants - Private Placement Oct. 29, 2013   5 years from grant date     122,128     $ 4.00          
Broker warrants - Private Placement Oct. 29, 2013   5 years from grant date     12,213     $ 2.40     $ 8,500  
Common stock warrants - Private Placement Nov. 4, 2013   5 years from grant date     150,000     $ 4.00          
Common stock warrants - Private Placement Nov. 27, 2013   5 years from grant date     50,000     $ 4.00          
                               
Balance as at November 30, 2013           2,678,872                  

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