Invest in a Sustainable Future with SPICE

Anyone who is an individual 18 years or older and not an undischarged bankrupt can apply for a membership with SPICE by simply using our online membership application. In becoming a member, you purchase a Class A membership share for $50, which buys you a lifetime membership with SPICE. Once you are a member, you can participate in shaping the organization and invest into our Share Offerings.

The minimum investment for our 2026 share offering for Community Champion (Class B)
Shares is $5,000 (50 Class B shares at $100/share). The minimum investment amount for our
High Impact (Class C) Shares is $50,000 (50 Class C shares at $1,000/share). The maximum
investment amount depends on each investor’s exemption. SPICE will inform each investor if
they have any limit to the amount they are legally eligible to invest.

The 2026 share offering is based on financing and lease agreements that run for ten years. One
portion of the financing is a one year term. As principal, interest, and lease payments come in,
the SPICE Board of Directors will annually declare dividends and share buyback amounts at the
full discretion of the Board, based on available cash flow. Based on forward looking
statements* we are projecting annual dividend returns of 5% for Class B shares with share
buybacks occurring from years 7 to 9. Annual dividend returns for Class C shares are 6.25%
annually with a 49% share buyback after year 2 and full share buyback by year 7.

*Forward-looking information involves numerous assumptions, known and unknown
risks and uncertainties, both general and specific, that contribute to the possibility that
the predictions, forecasts, projections and other forward-looking statements will not
occur and may cause actual results or events to differ materially from those anticipated
in such forward-looking statements. As a condition of investment, investors must read
and understand information provided in the 2026 Share Offering Document (2026-05-05)
that details the assumptions and risks that could materially impact the projected returns
and buyback schedule.

SPICE shares are not secured or guaranteed by any third party entity. The shares are not freely
transferable or traded on any stock exchange. For details of the assumptions and risks of this
investment please refer to the 2026 Share Offering Document (2026-05-05). Acknowledgment
that this document has been read and understood is a condition of investment.

The money our investors invest with us is held in trust until we have developed a Community Solar project and raised sufficient funds to realize it. For each project, the Board of Directors conducts a Due Dilligence before granting approval and releasing the funds to build and operate the Solar system for the Community partner.

If we are not successful in finding communities to partner with for new projects, or potential projects prove to be not viable for various reasons or if we are not able to raise sufficient funds to realize a project, the investment held in trust will be returned to the investors.

SPICE investments can be held in TFSA/RRSP accounts. Existing RRSP or TFSA funds can be
transferred directly into an equivalent account that will hold the SPICE investment. SPICE
partners with the Canadian Workers Co-operative Federation to host the TFSA/RRSP accounts.

As a cooperative, we are working democratically. Every member is invited to join our annual general meeting and vote on all issues the Board of Directors presents (for specifics see our Articles and Bylaws). If a member would like to participate in the development of SPICE more directly, it is always an option to run for a position on the Board or volunteer on a committee!

We are always sharing as much information as possible about the projects we are funding. While projects are still in the development phase, they will usually not be made public until a Memorandum of Understanding is signed by all project partners.