<SEC-DOCUMENT>0001213900-23-024971.txt : 20230331
<SEC-HEADER>0001213900-23-024971.hdr.sgml : 20230331
<ACCEPTANCE-DATETIME>20230331075003
ACCESSION NUMBER:		0001213900-23-024971
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20230331
DATE AS OF CHANGE:		20230331

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Siyata Mobile Inc.
		CENTRAL INDEX KEY:			0001649009
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-269814
		FILM NUMBER:		23783278

	BUSINESS ADDRESS:	
		STREET 1:		2200 - 885 WEST GEORGIA STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3E8
		BUSINESS PHONE:		514-500-1181

	MAIL ADDRESS:	
		STREET 1:		2200 - 885 WEST GEORGIA STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3E8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Siyata Mobile, Inc.
		DATE OF NAME CHANGE:	20200319

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIYATA MOBILE INC (INACTIVE)
		DATE OF NAME CHANGE:	20150804

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SIYATA MOBILE INC
		DATE OF NAME CHANGE:	20150723
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>ea176019-424b3_siyatamobile.htm
<DESCRIPTION>PROSPECTUS
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Pursuant to Rule 424(b)(3)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;333-269814</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>PROSPECTUS</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><IMG SRC="img_001.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Up
to 19,781,987 Common Shares</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin: 0pt auto; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
prospectus relates to the resale, from time to time, by the selling shareholders named herein, or their pledgees, donees, transferees,
or other successors in interest (the &ldquo;Selling Shareholders&rdquo;), of up to 19,781,987 of our common shares, no par value per
share (the &ldquo;common shares&rdquo;), issuable upon the exercise of: (i) the common share purchase warrants for 18,042,857 common
shares (the &ldquo;New Warrants&rdquo;) issued to certain of the Selling Shareholders in a private placement pursuant to Warrant Exercise
Agreements dated January 18, 2023 by and between those Selling Shareholders and the Company (&ldquo;Warrant Exercise Agreement(s)&rdquo;)
and (ii) upon the exercise of the Lind Waiver Warrants (defined herein) for 1,739,130 common shares issued to a private institutional
investor under a securities purchase agreement dated October&nbsp;27, 2021 (&ldquo;Securities Purchase Agreement&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are registering the offer and sale of these securities to satisfy certain registration rights we have granted in the Warrant Exercise
Agreements and the Securities Purchase Agreement. No underwriter or other person has been engaged to facilitate the sale of the common
shares in this offering. The Selling Shareholders may offer all or part of the common shares for resale from time to time through public
or private transactions, at either prevailing market prices or at privately negotiated prices. These securities are being registered
to permit the Selling Shareholders to sell securities from time to time, in amounts, at prices and on terms determined at the time of
offering. The Selling Shareholders may sell these securities through ordinary brokerage transactions, directly to market makers of our
common shares or through any other means described in the section entitled &ldquo;Plan of Distribution&rdquo; herein. In connection with
any sales of common shares offered hereunder, the Selling Shareholders, any underwriters, agents, brokers or dealers participating in
such sales may be deemed to be &ldquo;underwriters&rdquo; within the meaning of the Securities Act of 1933, as amended (&ldquo;Securities
Act&rdquo;). We do not know when or in what amounts the Selling Shareholders may offer the common shares for sale. The Selling Shareholders
may sell any, all or none of the securities offered by this prospectus. All of the common shares offered by the Selling Shareholders
pursuant to this prospectus will be sold by the Selling Shareholders for their respective accounts.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will not receive any proceeds from the sale
of any common shares by the Selling Shareholders. Moreover, we will not receive any proceeds received from the exercise of any New Warrants
or Lind Waiver Warrants when they are exercised in a cashless manner. We will pay certain expenses associated with the registration of
the securities covered by this prospectus, as described in the section entitled &ldquo;Plan of Distribution.&rdquo;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our common shares are listed on the Nasdaq Capital
Market (&ldquo;Nasdaq&rdquo;) under the symbol &ldquo;SYTA.&rdquo; The closing price of one common share on the Nasdaq on March 29, 2023
was $0.201.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
may amend or supplement this prospectus from time to time by filing amendments or supplements as required by applicable law or regulation.
In addition, certain information is incorporated into, and made a part of, this prospectus You should read this entire prospectus and
any amendments or supplements, plus all incorporated information carefully before you make your investment decision.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are both an &ldquo;emerging growth company&rdquo; and a &ldquo;foreign private issuer&rdquo; as defined under the U.S. federal securities
laws and, as such, may elect to comply with certain reduced public company disclosure and reporting requirements. See &ldquo;<I>Prospectus
Summary &mdash; Implications of Our Being an Emerging Growth Company</I>&rdquo; and &ldquo;<I>Foreign Private Issuer Status.</I>&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Investing in our common shares involves a high
degree of risk. See &ldquo;Risk Factors&rdquo; beginning on page 12 of this prospectus and other risk factors contained in the documents
incorporated by reference herein for a discussion of information that should be considered in connection with an investment in our securities.</B></P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Neither
the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined
if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>The date of this prospectus is March&nbsp;30,
2023.</B> </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TABLE
OF CONTENTS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; width: 90%; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 1%; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PAGE</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INTRODUCTION</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ii</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_002"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROSPECTUS SUMMARY</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_003"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">RISK FACTORS</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_004"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">42</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_005"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ENFORCEABILITY OF CIVIL LIABILITIES</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt">43</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_006"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CAPITALIZATION</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">44</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_007"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DILUTION</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_008"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">USE OF PROCEEDS</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">46</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_009"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MARKET INFORMATION FOR SECURITIES AND DIVIDEND POLICY</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt">46</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_010"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DETERMINATION OF OFFERING PRICE</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt">46</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_011"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SELLING SHAREHOLDERS</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt">47</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_012"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PLAN OF DISTRIBUTION</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_013"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DESCRIPTION OF COMMON SHARES</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">53</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_014"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LEGAL MATTERS</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">53</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_015"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXPERTS</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt">53</TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_016"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHERE YOU CAN FIND MORE INFORMATION</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">53</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; text-indent: 0pt"><A HREF="#k_017"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INCORPORATION OF DOCUMENTS BY REFERENCE</FONT></A></TD>
    <TD STYLE="padding: 0pt; font: 10pt Times New Roman, Times, Serif; white-space: nowrap; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="padding: 0pt; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; text-align: center; text-indent: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">54</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 3; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="k_001"></A>INTRODUCTION</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 18, 2023, we entered into Warrant Exercise Agreements with fourteen existing accredited investors who exercised certain outstanding
warrants (the &ldquo;Existing Warrants&rdquo;) to purchase up to an aggregate of 18,042,857 of the Company&rsquo;s previously registered
common shares (the &ldquo;Exercise&rdquo;). In consideration for the immediate exercise of the Existing Warrants for cash at an exercise
price reduced from $0.23 to $0.20 per common share, the exercising holders received new unregistered warrants to purchase up to an aggregate
of 18,042,857 common shares (equal to 100% of the common shares issued in connection with the Exercise), the New Warrants, in a private
placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;). The 18,042,857 common
shares underlying the New Warrants are being registered in the registration statement that we have filed with the Securities and Exchange
Commission (&ldquo;SEC&rdquo;) of which this prospectus is a part.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
New Warrants are exercisable immediately upon issuance at a cash exercise price of $0.20 per share and have a term of exercise of five
years. However, the holder of the New Warrant may also effect an &ldquo;alternative cashless exercise&rdquo; on or after the earlier
of: (i) one hundred and eighty (180) day anniversary of the initial exercise date (January 19, 2023) or (ii) the day after the effectiveness
of the registration statement of which this prospectus is a part. In such event, the aggregate number of common shares issuable in such
alternative cashless exercise will equal the product of (x) the aggregate number of the Company&rsquo;s common shares that would be issuable
upon exercise of the New Warrant in accordance with its terms if such exercise were by means of a cash exercise rather than a cashless
exercise and (y) 1.0, which would result in an effective exercise price of $0.00 at such time. In connection with the Exercise, pursuant
to the terms of the 2,989,130 remaining unexercised warrants, the Company also reduced their exercise price from $0.23 per common share
to $0.20 per common share, but all such unexercised warrants may subsequently be repriced to $0.00 if and when the cashless exercise
price of the New Warrants is triggered.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
October 27, 2021, we entered into a securities purchase agreement with Lind Global Partners II, LP, an investment fund managed by The
Lind Partners, a New York City-based institutional fund manager (&ldquo;Lind&rdquo;), relating to the purchase and sale of a senior secured
convertible note (the &ldquo;Lind Partners Note&rdquo;) for gross proceeds of $6,000,000 (the &ldquo;Securities Purchase Agreement&rdquo;).
While the Lind Partners Note was repaid in full on November 14, 2022, the Securities Purchase Agreement pursuant to which Lind Partners
acquired the Lind Notes prohibited the Company from entering into any Prohibited Transactions (as defined) without Lind Partner&rsquo;s
prior written consent until thirty days after such time as the Lind Note had been repaid in full and/or had been converted into common
shares. Because the Company issued common shares and pre-funded warrants in a registered offering and issued common share purchase warrants
in a concurrent private offering, both of which closed on October 12, 2022, Lind Partners waived such Prohibited Transaction provision
in consideration of participating in that offering and receiving without payment therefor common share purchase warrants in the private
placement to acquire up to 1,739,130 common shares at an exercise price of $0.23 per common share (the &ldquo;Lind Waiver Warrants&rdquo;).
Lind did not exercise any of said Lind Waiver Warrants pursuant to the Warrant Exercise Agreement. The common shares underlying the Lind
Waiver Warrant have been registered in the registration statement of which this prospectus is a part.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain
information in this prospectus is incorporated by reference to other documents filed by the Company. The information included or incorporated
by reference in this prospectus also adds to, updates and changes information contained or incorporated by reference in this prospectus.
If information included or incorporated by reference in this prospectus is inconsistent with the information incorporated by reference
therein, then this prospectus or the information incorporated by reference in this prospectus, whichever is later dated, will apply and
will supersede the information in the prospectus and the documents incorporated by reference therein. To the extent this prospectus contains
summaries of the documents referred to herein, you are directed to the actual documents for complete information. All of the summaries
are qualified in their entirety by the actual documents. Copies of some of the documents referred to herein have been filed or will be
filed in prior registration statements or in Reports of Foreign Private Issuer on Form 6-K, or will be incorporated by reference as exhibits
to the registration statement of which this prospectus forms a part, and you may obtain copies of such documents as described below in
the section titled &ldquo;Where You Can Find Additional Information.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
and the Selling Shareholders have not authorized anyone to provide you with any information or to make any representations other than
as contained in this prospectus or in any free writing prospectuses we have prepared. We and the Selling Shareholders take no responsibility
for, and provide no assurance about the reliability of, any information that others may give you. This prospectus is an offer to sell
only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this
prospectus or any sale of the securities. Our business, financial condition, results of operations and prospects may have changed since
that date.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Unless
otherwise indicated, all references in this prospectus to &ldquo;Siyata,&rdquo; the &ldquo;Company,&rdquo; &ldquo;we,&rdquo; &ldquo;our,&rdquo;
&ldquo;us&rdquo; or similar terms refer to Siyata Mobile Inc. and its subsidiaries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No
action is being taken in any jurisdiction outside the U.S.&nbsp;to permit an offering of our securities or possession or distribution
of this prospectus in any such jurisdiction. Persons who come into possession of this prospectus in jurisdictions outside the U.S.&nbsp;are
required to inform themselves about and to observe any restrictions about this offering and the distribution of this prospectus applicable
to those jurisdictions.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="k_002"></A>PROSPECTUS
SUMMARY</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>This
summary description about us and our business highlights selected information contained elsewhere in this prospectus. This summary does
not contain all of the information you should consider before deciding to invest in our securities. The following summary is qualified
in its entirety by, and should be read in conjunction with, the more detailed information and financial statements included elsewhere
in this prospectus. You should also carefully consider the matters discussed in the section in this prospectus entitled </I>&ldquo;<I>Risk
Factors.&rdquo;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Corporate
Overview</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Siyata
Mobile Inc. is a leading global developer of innovative cellular-based communications solutions over advanced mobile networks under the
Uniden<SUP>&reg;</SUP> Cellular and Siyata brands to global first responders and enterprise customers. Siyata&rsquo;s three complementary
product categories include rugged handheld mobile devices and in-vehicle communications solutions designed for first responders, military,
enterprise customers, commercial fleet vehicles and industrial workers, and cellular amplifiers to boost the cellular signal inside homes,
buildings and vehicles.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company develops, markets and sells a portfolio of rugged handheld Push-to-Talk over Cellular (&ldquo;PoC&rdquo;) smartphone devices.
These rugged business-to-business (&ldquo;B2B&rdquo;) environments are focused on enterprise customers, first responders, construction
workers, security guards, government agencies, utilities, transportation, waste management, amusement parks and mobile workers in multiple
industries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Prior to 2021, Siyata sold rugged handsets, such
as the Uniden UR5 and Uniden UR7 only in international markets. In the second quarter of 2022, Siyata unveiled its next generation rugged
device, the SD7. The SD7 is Siyata&rsquo;s first mission critical push-to-talk device (&ldquo;MCPTT&rdquo;) and is also the first rugged
communications solution Siyata launched in North America and is expected to launch in Europe in 2023. Subsequent to the end of the third
quarter of 2022, Siyata announced the SD7+, a single platform solution that integrates PoC and bodycam functionality.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
second product category is purpose built in-vehicle communication devices. In the fourth quarter of 2021, Siyata launched the VK7, a
first-of-its-kind, patent-pending car kit with an integrated 10-watt speaker, a simple slide-in connection sleeve for the SD7, and an
external antenna connection for connecting to a windshield or roof mount antenna to allow for an in-vehicle experience for the user that
is similar to that from a traditional land mobile radio (&ldquo;LMR&rdquo;) device. The VK7 has been uniquely designed to be used with
the SD7, while connecting directly into the vehicle&rsquo;s power and can also connect to a Uniden cellular amplifier for better cellular
connectivity. The VK7 can also be equipped with an external remote speaker microphone to ensure compliance with hands-free communication
legislation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Uniden&reg; UV350 4G/LTE, is a purpose built-in vehicle communication device designed specifically for professional vehicles such as
trucks, vans, buses, emergency service vehicles and other enterprise vehicles. This platform is designed to facilitate replacement of
the current in-vehicle, multi-device status-quo with a single device that incorporates voice, PoC, data, fleet management solutions and
other Android based professional applications. The UV350 also supports Band 14 for the First Responder Network Authority, or FirstNet&reg;,
compatibility which is the U.S. First Responders 4G/LTE network with PoC capabilities that aims to replace aging LMR systems currently
in use.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The aforementioned portfolio of solutions offers
the benefits of PoC without any of the difficulties managing the current generation of rugged smart/feature phones and is ideally suited
as a perfect upgrade from LMR used for generations. LMR has a significant number of limitations, including network incompatibility, limited
coverage areas, and restricted functionality that leave a huge need for a unified network and platform. Siyata&rsquo;s innovative PoC
product lines are helping to service the generational shift from LMR to PoC. According to VDC Research, the LMR market is growing at a
5.9% compound annual growth rate (&ldquo;CAGR&rdquo;), while the PoC market is growing at a 13.6% CAGR and annual PoC shipments are expected
to grow to 2.7 million in 2023.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cellular
boosters are our third product category with approximately 30 million of these devices sold globally every year. Siyata sells Uniden&reg;
cellular boosters and accessories for enterprise, first responder and consumer customers with a focus on the North America markets. Cellular
communication provides a robust, secure environment not just for remote workers, in-home and in-vehicles; but also for restaurant patrons
who wish to download menus; for patients at pharmacies who need to verify identity and download prescriptions; for remote workers who
require strong clear cellular signals; and for first responders where connectivity literally means the difference between life and death
- just to name a few examples. The vehicle vertical in this portfolio complements Siyata&rsquo;s in-vehicle and rugged handheld smartphones
as these sales can be bundled through the Company&rsquo;s existing sales channels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<!-- Field: Page; Sequence: 5; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AT&amp;T,
our largest channel partner, represented 28.1% of our revenues in 2022. AT&amp;T did not enter into a master services agreement with
us, but rather, enters into standard purchase order forms on a per order basis. We do not obligate AT&amp;T to fulfill any required minimum
purchase orders. Our typical purchase order contracts with AT&amp;T involve standard warranties and indemnification, insurance requirement
and delivery terms.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
an estimated 17 million commercial vehicles as well as 3.5 million first responder vehicles, we view the U.S. market as our largest opportunity
with, according to the U.S. Department of Transportation, an estimated total addressable market of over $17 billion. The Tier 1 cellular
carriers that we work with have expressed interest in marketing and selling the UV350 as it would allow for new SIM card activations
in commercial vehicles and increased average revenue per user from existing customers with corporate and first responder fleets while
targeting new customers with a unique, dedicated, multi-purpose in-vehicle smartphone.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Competitive
Strengths</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
believe that the following competitive strengths contribute to our success and differentiate us from our competitors:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
                                            innovative technology solutions and integration approach with minimal known competition.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
                                            reputation and recognition achieved from our previous success in this space.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
                                            experienced management team.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
                                            relationships and device approvals with leading North American wireless networks.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Growth
Strategies</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
intend to further grow our business by pursuing the following strategies:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ramp
                                            up sales with our North American and global cellular carrier partners.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Entering
                                            new customer bases and markets.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Implementing
                                            effective resources management to improve operational efficiency and boost core competency.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Designing
                                            new products and improving our existing products for our current and future customer base.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
Challenges</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
face challenges, risks and uncertainties in realizing our business objectives and executing our strategies, including those relating
to our ability to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grow
                                            our market share in the United&nbsp;States which is a large-scale market for us.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Navigate
                                            in the fast-changing regulatory environment.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maintain
                                            and improve our relationship with leading cellular carriers and business partners.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Recruit
                                            and retain qualified personnel.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Manage
                                            our growth effectively and efficiently.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Enhance
                                            our product lines in a cost-effective manner.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
Products</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company develops, markets, and sells a portfolio of rugged handheld Push-to-Talk over Cellular smartphone devices. These rugged business-to-business
handsets are focused on enterprise customers, first responders, construction workers, security guards, government agencies, utilities,
transportation and waste management, amusement parks, and mobile workers in multiple industries.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
the second quarter of 2022, Siyata unveiled its next generation rugged device, the SD7. The SD7 is Siyata&rsquo;s first mission critical
push-to-talk device and is also the first rugged handset that Siyata launched in North America and is expected to launch in Europe in
2023.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
second product category are purpose built in-vehicle communication devices. In the fourth quarter of 2021, Siyata launched the VK7, a
first-of-its-kind, patent-pending car kit with an integrated 10-watt speaker, a simple slide-in connection sleeve for the SD7, and an
external antenna input for connecting to a windshield or roof mount antenna that provides an in-vehicle experience for the user that
is similar to that from a traditional land mobile radio device. The VK7 has been uniquely designed to be used with the SD7, while connecting
directly into the vehicle&rsquo;s power and can also connect to a Uniden<SUP>&reg;</SUP> cellular amplifier for better cellular connectivity.
The VK7 can also be equipped with an external remote speaker microphone to ensure compliance with hands-free communication legislation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Uniden<SUP>&reg;</SUP> UV350 4G/LTE is a purpose built in-vehicle communication device designed specifically for professional vehicles
such as trucks, vans, buses, emergency service vehicles and other enterprise vehicles. This platform is designed to facilitate the replacement
of the current in-vehicle, multi-device set up with a single device that incorporates voice, PoC, data, fleet management solutions and
other Android<SUP>&reg;</SUP> based professional applications. The UV350 also supports Band 14 for the First Responder Network Authority,
or FirstNet<SUP>&reg;</SUP>, compatibility which is the U.S.&nbsp;First Responders&rsquo; 4G/LTE network with PoC capabilities that aims
to replace aging LMR systems currently in use.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The aforementioned portfolio of solutions offers
the benefits of PoC without any of the difficulties managing the current generation of rugged smart/feature phones and is ideally suited
as a perfect upgrade from Land Mobile Radios. Used for generations, LMR has a significant number of limitations, including network incompatibility,
limited coverage areas, and restricted functionality that leave a huge need for a unified network and platform. Siyata&rsquo;s innovative
PoC product lines are helping to service the generational shift from LMR to PoC. While LMR licensing activity is near historical lows,
the PoC is growing at a rapid pace. According to Allied Market Research, the PoC market is expected to grow at an estimated 9.4% compound
annual growth rate to approximately $6.96 billion by 2027.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Approximately
30 million cellular boosters are sold globally every year. Siyata sells Uniden<SUP>&reg;</SUP> cellular boosters and accessories for
enterprise, first responder and consumer customers with a focus on the North American markets. Cellular communication provides a robust,
secure environment not just for remote workers, in-home and in-vehicles, but also for restaurant patrons who wish to download menus;
for patients at pharmacies who need to verify identity and download prescriptions; for remote workers who require strong, clear cellular
signals; and for first responders where connectivity literally means the difference between life and death. The vehicle vertical in this
portfolio complements Siyata&rsquo;s in-vehicle and rugged handheld smartphones as these sales can be bundled through the Company&rsquo;s
existing sales channels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Our
Customers and Channels</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Qualifications
with North American voice and data carriers began with Bell Mobility in late in the fourth quarter of 2018; at AT&amp;T as well as at
its first responder cellular network FirstNet<SUP>&reg;</SUP>, in late in the second quarter of 2019; with Rogers Wireless and Verizon
Wireless in the fourth quarter of 2019; and internationally with Telstra in the fourth quarter of 2021. These are major milestones for
the Company following Siyata&rsquo;s seven&nbsp;years of experience innovating in-vehicle cellular based technology, vehicle installations,
software integration with various Push-to-Talk solutions and intensive carrier certifications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Siyata&rsquo;s
customer base includes cellular network operators and their dealers, as well as commercial vehicle technology distributors for fleets
of all sizes in the U.S., Canada, Europe, Australia, the Middle East and other international markets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
North American Tier 1 cellular carriers that Siyata is working with have large scale distribution and sales channels. With an estimated
25&nbsp;million commercial vehicles including 7.0&nbsp;million first responder vehicles, the Company sees the North American market as
its largest opportunity with a total addressable market over $19&nbsp;billion. We believe that these Tier 1 cellular carriers have a
keen interest in launching the UV350 as it allows for new SIM card activations in commercial vehicles and increased average revenue per
unit from existing customers with corporate and first responder fleets while targeting new customers with a unique, dedicated, multi-purpose
in-vehicle Internet of Things (&ldquo;IoT&rdquo;) smartphone.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, our rugged handsets will ultimately be targeted to approximately 47 million enterprise task and public sector workers across
North America including construction, transport and logistics, manufacturing, energy and utility, public safety and the federal government.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Recent
Developments</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Effects
of the Covid-19 Pandemic.&nbsp;&nbsp;&nbsp;&nbsp;</I>In 2020, the global outbreak of the COVID-19 virus spread to every country and to
every state in the United&nbsp;States. The World Health Organization designated COVID-19 as a pandemic, and numerous countries, including
the United&nbsp;States, declared national emergencies with respect to COVID-19. While vaccines have been approved and have been deployed
in the United&nbsp;States, Canada and Israel, the global impact of the outbreak continues to adversely affect many industries, and different
geographies continue to reflect the effects of public health restrictions in various ways. The timing and likelihood of achieving widespread
global vaccination remains uncertain, and these vaccines may be less effective against new variants, potentially leading to various health
restrictions such as isolation, limiting large congregations of people and even lock-downs that may continue to keep the global economy
from recovering to pre-pandemic levels for a prolonged period of time.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
economic recovery in the United&nbsp;States and Canada following the initial impact of COVID-19 is underway but it has been gradual,
uneven and characterized by meaningful dispersion across sectors and regions with uncertainty regarding its ultimate length and trajectory.
Further, although many jurisdictions had relaxed or lifted restrictions in an effort to generate more economic activity, the risk of
continued COVID-19 outbreaks remains, and certain jurisdictions have re-imposed restrictions in an effort to mitigate risks to public
health, especially as more infectious variants of the virus emerge. Increasing infection rates and hospitalizations in certain geographies
and a potential resulting market downturn have resulted in the COVID-19 pandemic continuing to impact our business and our results of
operations, financial condition and cash flow.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have experienced an increase of sales of our cellular boosters as more people are working remotely as a result of the COVID-19 pandemic
but our overall sales during the pandemic have remained similar to its sales in 2020 during this time period with a shift towards increased
sales in North America in the first responder market. It is not possible for us to predict the duration or magnitude of the adverse results
of the outbreak and its effects on our business or ability to raise funds. We plan to address any ongoing concerns from the pandemic
by continuing to increase our sales in North America. In addition, our cellular distribution business should remain strong during this
time since more individuals will continue to work from home. In addition, we believe that our cellular booster business will remain strong
as more individuals continue to work from home, requiring improved cellular reception.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Russia-Ukraine
Conflict.&nbsp;&nbsp;&nbsp;&nbsp;</I>U.S.&nbsp;and global markets are experiencing volatility and disruption following the escalation
of geopolitical tensions and Russia&rsquo;s launch of a full-scale military invasion of Ukraine in February&nbsp;2022. Although the length
and impact of the ongoing military conflict is highly unpredictable, the war in Ukraine has led to market disruptions, including significant
volatility in commodity prices, credit, and capital markets. Additionally, Russia&rsquo;s prior annexation of Crimea, the full scale
military invasion in Ukraine and the recent illegal annexation of two separatist republics in the Donetsk and Luhansk regions of Ukraine
have led to sanctions and other penalties being levied by the United&nbsp;States, the European Union, and other countries against Russia,
Belarus, the Crimea Region of Ukraine, the so-called Donetsk People&rsquo;s Republic, and the so-called Luhansk People&rsquo;s Republic,
including the agreement by the U.S.&nbsp;and the EU to remove certain Russian financial institutions from the Society for Worldwide Interbank
Financial Telecommunication (SWIFT) payment system. Additional potential sanctions and penalties have also been proposed and/or threatened.
Russian military actions and the resulting sanctions could adversely affect the global economy and financial markets and lead to instability
and lack of liquidity in capital markets, potentially making it more difficult for us to obtain additional equity or debt funding. Any
of the abovementioned factors could affect our business, prospects, financial condition, and operating results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
short- and long-term implications of Russia&rsquo;s invasion of Ukraine are difficult to predict at this time. The imposition of sanctions
and Russia&rsquo;s withholding of its oil and gas as an economic weapon may have an adverse effect on the economic markets generally
and could impact our business, financial condition, and results of operations. The war has created disruptions in the supply chain for
certain of our products which, to date, has not had a substantive impact on our operations. None of our critical raw materials are sourced
from, and none of our finished products are manufactured in, the sanctioned regions. We have no operations or other projects in that
region.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Investment
by Lind Partners.&nbsp;&nbsp;&nbsp;&nbsp;</I>On October&nbsp;27, 2021, we entered into a securities purchase agreement relating to the
purchase and sale of a senior secured convertible note (the &ldquo;Lind Partners Note&rdquo;) for gross proceeds of $6,000,000 (the &ldquo;Purchase
Agreement&rdquo;) with Lind Global Partners&nbsp;II, LP, an investment fund managed by The Lind Partners, a New York based institutional
fund manager. Proceeds were used to repay and terminate existing convertible notes, as well as to pay certain fees and costs associated
with the transaction. The Purchase Agreement provides for, among other things, the issuance of both 2,142,857 warrants at a $4.00 per
share exercise price (with the exercise price adjustable based on certain events such as capital raises and options issued) and a USD$7,200,000
note with a 24-month maturity, 0% annual interest rate, and a fixed conversion price of $10.00 per share (&ldquo;Conversion Price&rdquo;)
of our common shares. We are required to make principal payments in 18 equal monthly installments commencing 180 days after funding (&ldquo;Repayment&rdquo;).
At our discretion, the Repayments can be made in: (i) cash; (ii) common shares (after common shares are registered) (the &ldquo;Repayment
Shares&rdquo;); or a combination of both. Repayment Shares will be priced at 90% of the average of the five lowest daily volume weighted
average prices (&ldquo;VWAPs&rdquo;) during the 20 trading days before the issuance of the common shares (the &ldquo;Repayment Price&rdquo;).
Further, the Lind Partners Note provides for a pricing floor of $2.00 per common share (the &ldquo;Repayment Share Price Floor&rdquo;)
such that Repayment Shares shall be priced at 90% of the average of the five lowest daily VWAPs during the 20 trading days before the
issuance of the common shares, subject to the Repayment Share Floor Price provided, however, that the Repayment Share Price Floor became
inapplicable after we obtained stockholder approval as required by the Nasdaq at our Annual General Meeting of shareholders. All of the
Lind warrants received as part of this financing that had not yet been exercised participated in the Warrant Exercise Agreement transaction
resulting in the issuance of 1,892,857 common shares.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of December 3, 2021, we incurred an event of default under the terms of the Lind Partners Note. Upon the occurrence and during the continuance
of an &ldquo;Event of Default&rdquo;, the holder may at any time at its option: (1) declare that Interest Upon Default Amount (15%) has
commenced and (2) exercise all other rights and remedies available to it under the transaction documents; provided, however, that upon
the occurrence of an Event of Default described above, the holder, in its sole and absolute discretion, may: (a) from time-to-time demand
that all or a portion of the outstanding principal amount be converted into common shares at the lower of (i) the then-current Conversion
Price and (ii) 80% of the average of the three lowest daily Volume Weighted Average Prices during the 20 Trading&nbsp;Days prior to the
delivery by the holder of the applicable notice of conversion or (b) exercise or otherwise enforce any one or more of the holder&rsquo;s
rights, powers, privileges, remedies and interests under the Lind Partners Note, the transaction documents or applicable law. No course
of delay on the part of the holder shall operate as a waiver thereof or otherwise prejudice the rights of the holder. The event of default
was cured on December 7, 2021 when the Company&rsquo;s market capitalization increased to an amount over $20,000,000.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the Company issues any Equity Interests, other than Exempted Securities (as defined), for aggregate proceeds to the Company of greater
than $10,000,000, excluding offering costs or other expenses, unless otherwise waived in writing by and at the discretion of Lind Partners,
the Company will direct 20% of such proceeds to reduce the principal balance of the Lind Note. If the Company issues any equity interests
issued, subject to certain exemptions, at an effective price per share that is less than the exercise price of the Lind Warrant then
in effect or without consideration, then the exercise price of the Lind Warrants shall be reduced to a price equal to the consideration
per share paid for such additional common shares. Based on this offering at $0.20 per share, the Lind Warrants were repriced to $0.20.
Prior to this offering, the exercise price of the Lind Warrants was $0.23 per share. If the Company issues any equity interests, subject
to certain exemptions, at an effective price per share that is less than the conversion price of the Lind Notes then in effect or without
consideration, then the conversion price of the Lind Notes shall be reduced to a price equal to the consideration per share paid for
such additional common shares. Due to the cashless exercise provision in the New Warrants, the exercise price of the Lind Warrants was
reduced to $0.00.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Another
Event of Default occurred on July 12, 2022 when the Company&rsquo;s market capitalization fell below $20,000,000 for 10 consecutive days.
Upon the occurrence of an Event of Default as described above, the holder, in its sole and absolute discretion, may: (a) from time-to-time
demand that all or a portion of the outstanding principal amount be converted into common shares at the lower of: (i) the then-current
Conversion Price, and (ii) 80% of the average of the three lowest daily Volume Weighted Average Prices during the 20 Trading Days prior
to the delivery by the holder of the applicable notice of conversion, or (b) exercise or otherwise enforce any one or more of the holder&rsquo;s
rights, powers, privileges, remedies and interests under the Lind Partners Note, the transaction documents or applicable law.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Lind Note was repaid in full on November 14, 2022. Of the total repayment of principal and interest, the Company paid Lind $8,137,702
in cash and issued Lind 13,112,255 common shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Securities Purchase Agreement pursuant to which Lind Partners acquired the Lind Notes prohibits the Company from entering into any Prohibited
Transactions without Lind Partner&rsquo;s prior written consent, until thirty days after such time as the Lind Note has been repaid in
full and/or has been converted into common shares. That agreement also provides to Lind a 10 day right of first purchase if the Company
makes a public offer of its common shares. On October 9, 2022, Lind Partners entered into an agreement pursuant to which they waived
such provisions in consideration of participating in the Company&rsquo;s offering that closed on October 12, 2022 and receiving without
payment therefor common share purchase warrants in the private placement to acquire up to 1,739,130 common shares at an exercise price
of $0.23 per common share (the &ldquo;Lind Waiver Warrants&rdquo;). Lind did not exercise any of said Lind Waiver Warrants and did not
participate in the Warrant Exercise Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Change
in Accountants.&nbsp;&nbsp;&nbsp;&nbsp;</I>On May 24, 2022, we received a letter from Davidson&nbsp;&amp; Company LLP (&ldquo;Davidson&rdquo;)
that stated that Davidson did not wish to be reappointed as the Company&rsquo;s independent registered public accounting firm for the
fiscal year ending December&nbsp;31, 2022. Davidson ceased to serve as the Company&rsquo;s independent registered accounting firm as
of May 24, 2022. The Company requested that Davidson respond fully to the inquiries of Friedman, LLP, the Company&rsquo;s successor independent
registered public accounting firm (see below), and Davidson agreed to cooperate with the Company and Friedman with respect to the transition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the Company&rsquo;s fiscal years ended December&nbsp;31, 2021 and 2020 and the subsequent interim period through the filing of the Company&rsquo;s
Report of Foreign Private Issuer on Form 6-K on May 31, 2022, there were no &ldquo;disagreements&rdquo; (as defined in Item&nbsp;304(a)(1)(iv)&nbsp;of
Regulation&nbsp;S-K and the related instructions to Item 304 of Regulation&nbsp;S-K) with Davidson on any matter of accounting principles
or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction
of Davidson, would have caused Davidson to make reference to the subject matter of such disagreements in connection with its report.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Davidson&rsquo;s
report on the consolidated financial statements for the Company&rsquo;s fiscal years ended December 31, 2021 and 2020 did not contain
any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles,
except that Davidson&rsquo;s report for the&nbsp;years ended December 31, 2021 and 2020 contained an explanatory paragraph indicating
that there was substantial doubt about the ability of the Company to continue as a going concern. In a separate correspondence, Davidson
identified five material weaknesses in our internal controls over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
previously disclosed in Item 15(a) &ldquo;Controls and Procedures&rdquo; of the Company&rsquo;s Annual Report on Form 20-F for the fiscal
year ended December&nbsp;31, 2021, Davidson identified five material weaknesses that related to: (i)&nbsp;the insufficient review of
inventory balances for products that are slow-moving; (ii) the insufficient review of advances to suppliers on products that are no longer
selling; (iii) the insufficient controls surrounding off-site inventory tracking; (iv) the insufficient review whether product returns
relate to sales recorded in the fiscal year; and (v) the insufficient review of title transfer terms to determine the period in which
revenue should be recorded.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">During
the Company&rsquo;s fiscal years ended December 31, 2021 and 2020 and the subsequent interim period through May 31, 2022, there had been
no &ldquo;reportable events&rdquo; (as defined in Item 304(a)(1)(v) of Regulation S-K), except for certain material weaknesses in the
Company&rsquo;s internal control over financial reporting.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May&nbsp;24, 2022, management of the Company notified Friedman LLP (&ldquo;Friedman&rdquo;) that Friedman had been approved by the Company&rsquo;s
audit committee (&ldquo;Audit Committee&rdquo;) of the board of directors and the board of directors as the Company&rsquo;s independent
registered public accounting firm for the fiscal year ended December&nbsp;31, 2022. Friedman LLP combined with Marcum LLP effective September&nbsp;1,
2022 (&ldquo;Marcum&rdquo;). During the fiscal&nbsp;years ended December&nbsp;31, 2021 and 2020 and the subsequent interim period through
May&nbsp;31, 2022, the Company did not consult with Friedman or Marcum with respect to: (a)&nbsp;the application of accounting principles
to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to the Company&rsquo;s
financial statements, and no written report or oral advice was provided to the Company by Friedman or Marcum that was an important factor
considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (b)&nbsp;any matter
that was subject to any disagreement, as defined in the United&nbsp;States Securities and Exchange Commission&rsquo;s Regulation&nbsp;SK,
Item&nbsp;304(a)(1)(iv)&nbsp;and the related instructions thereto, or a reportable event within the meaning set forth in Item&nbsp;304(a)(1)(v)&nbsp;of
Regulation&nbsp;S-K.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="text-align: justify; margin: 0pt 0"> As of March 21, 2023, Marcum notified the Company that Marcum had resigned as the Company&rsquo;s independent
certified public accounting firm effective as of March 21, 2023. Marcum&rsquo;s resignation as the Company&rsquo;s independent registered
public accounting firm was accepted by the Audit Committee of the Board of Directors of the Company as of March 21, 2023. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Marcum served as the Company&rsquo;s independent
registered public accounting firm since May 24, 2022. Marcum did not audit the Company&rsquo;s financial statements for any year and
did not perform a review of the Company&rsquo;s interim financial statements for the nine months ended September 30, 2022 but did review
the Company&rsquo;s interim financial statements for the six months ended June 30, 2022. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> During the fiscal years ended December 31,
2022 and 2021 and the period from May 24, 2022 through March 21, 2023: </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in"> &nbsp; </TD>
    <TD STYLE="width: 0.25in; text-align: justify; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT> </TD>
    <TD STYLE="text-align: justify; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there
    were no disagreements between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure,
    or auditing scope or procedures, which disagreements, if not resolved to Marcum&rsquo;s satisfaction, would have caused Marcum to
    make reference in connection with its opinion on the Company&rsquo;s financial statements for the year ended December 31, 2022 to
    the subject matter of the disagreement; and</FONT> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in"> &nbsp; </TD>
    <TD STYLE="width: 0.25in; text-align: justify; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT> </TD>
    <TD STYLE="text-align: justify; font-size: 10pt"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there
    were no &ldquo;reportable events,&rdquo; as that term is described in Item 304(a)(1)(v)&nbsp;of Regulation S-K.</FONT> </TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="text-align: justify; margin: 0pt 0"> Moreover, Marcum did not issue any report on the Company&rsquo;s financial statements that contained an adverse
opinion or a disclaimer of opinion, or a qualified or modified opinion as to uncertainty, audit scope or accounting principle, or make
a determination whether the Company would continue as a going concern. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="text-align: justify; margin: 0pt 0"> On March 21, 2023, the Company engaged Barzily &amp; Co<B>.</B> (&ldquo;Barzily&rdquo;) as its new independent
registered public accountant for the fiscal year ending December 31, 2022. This decision was approved by the Audit Committee of the Board
in accordance with the authority of the Audit Committee as specified in its Charter. Barzily has applied to register with the Canadian
Public Accountability Board, which like the Public Company Accounting Oversight Board in the United States, oversees public accounting
firms that audit Canadian reporting issuers. </P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> During the fiscal years ended December 31,
2022 and 2021 and through March 21, 2023, neither the Company nor anyone on its behalf consulted with Barzily regarding: (i) the application
of accounting principles to a specified transaction, completed or proposed, or the type of audit opinion that might be rendered on the
Company&rsquo;s financial statements, and neither a written report nor oral advice was provided to the Company that Barzily concluded
was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue;
or (ii) any matter that was either the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related
instructions) or a reportable event (as described in Item 304(a)(1)(v) of Regulation S-K). The Company filed a Form 6-K with the SEC
announcing this change on March 27, 2023. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><I>Recent Offerings.</I> On October 10,
2022, we entered into a Securities Purchase Agreement with certain institutional investors named therein, pursuant to which we agreed
to issue and sell, in a registered direct offering: (i) 15,810,000 of the Company&rsquo;s common shares at $0.23 per share, (ii) 1,590,000
pre-funded warrants, at $0.22 per share with an exercise price of $0.01 per share, (&ldquo;Pre-Funded Warrants&rdquo;) and, (iii)&nbsp;in
a private placement under Rule 506 of Regulation&nbsp;D, common share purchase warrants to acquire 17,400,000 common shares at purchase
price of $0.23 per common share. Each Purchase Warrant entitled the holder to purchase one common share for a period of five years from
the date of issuance (which was October 12, 2022) for an exercise price of $0.23 per share. The Securities Purchase Agreement contained
customary representations and warranties and agreements of the Company and the Purchasers and customary indemnification rights and obligations
of the parties as well as our obligation to register the common shares underlying the Purchase Warrant by November 24, 2022. The Company
registered the 17,400,000 underlying common shares on a F-1 Registration Statement (SEC File No. 333-268536 on November 22, 2022, which
Registration Statement was declared effective by the SEC on December 15, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 18, 2023, the Company entered into warrant exercise agreements with fourteen existing accredited investors to exercise certain
outstanding warrants to purchase up to an aggregate of 18,042,857 of the Company&rsquo;s common shares. The gross proceeds to the Company
from the Exercise totaled approximately $3,608,571, prior to deducting warrant inducement agent fees and estimated offering expenses.
In consideration for the immediate exercise of the Existing Warrants for cash, the exercising holders received new unregistered warrants
to purchase up to an aggregate of 18,042,857 common shares (equal to 100% of the common shares issued in connection with the Exercise)
in a private placement pursuant to Section 4(a)(2) of the Securities Act. In connection with the Exercise, the Company also agreed to
reduce the exercise price of the Existing Warrants from $0.23 to $0.20 per share. The warrant exercise agreements and the New Warrants
each include a beneficial ownership limitation that prevents the warrant holder from owning more than 4.99% (which may be increased to
9.99% in accordance with the terms of the New Warrants) of the Company&rsquo;s outstanding common shares at any time. The New Warrants
are exercisable immediately upon issuance at a cash exercise price of $0.20 per share and have a term of exercise equal to five years.
However, the holder of the New Warrant may also effect an &ldquo;alternative cashless exercise&rdquo; on or after the earlier of: (i)
one hundred and eighty (180) day anniversary of the initial exercise date (January 19, 2023) or (ii) the day after effectiveness of the
registration statement of which this prospectus is a part. In such event, the aggregate number of common shares issuable in such alternative
cashless exercise pursuant to any given Notice of Exercise electing to effect an alternative cashless exercise will equal the product
of (x) the aggregate number of common shares that would be issuable upon exercise of the New Warrant in accordance with the terms of
the New Warrant if such exercise were by means of a cash exercise rather than a cashless exercise and (y) 1.0, which would result in
an effective exercise price of $0.00 at such time. In connection with the Exercise, the Company reduced the exercise price of 2,989,130
of certain of its remaining unexercised common share purchase warrants from $0.23 per common share to an exercise price of $0.20 per
common share, which warrants may subsequently be repriced to $0.00 if the cashless exercise price of the New Warrants is triggered. However,
previously issued warrants: (i) for 1,805,585 common shares that currently trade on the Nasdaq Capital Market under the symbol &ldquo;SYTAW&rdquo;
that have an exercise price of $6.85 per share; (ii) for 1,294,500 common shares that were issued in a private transaction that have
an exercise price of $11.50 per share; and (iii) for 9,999,999 common shares that were issued in a private transaction that have an exercise
price of $2.30 per share are not required by their terms to be repriced.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Restatement
of Financial Statements.&nbsp;&nbsp;&nbsp;&nbsp;</I>As part of the Company&rsquo;s normal quarterly reporting process for the six&nbsp;months
ended June&nbsp;30, 2022, management and the Audit Committee concluded that a material error was made related to the accounting for the
Warrants entered into on January&nbsp;11, 2022 and therefore were misstated in the Company&rsquo;s March&nbsp;31, 2022 prior period financial
statements (&ldquo;Prior Period Financial Statements&rdquo;). There was no impact on any of the year end financial statements previously
filed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August&nbsp;15, 2022, management and the Audit Committee determined that the Company&rsquo;s condensed consolidated unaudited interim
financial statements for the three month period ended March&nbsp;31, 2022, filed with the SEC on Form&nbsp;6-K on May&nbsp;17, 2022 should
no longer be relied upon due to an error in the accounting treatment for the classification of the Company&rsquo;s Warrants as equity
rather than as a derivative liability. In addition, investors were advised that they should no longer rely upon any communications relating
to these condensed consolidated unaudited interim financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company determined that the Warrants should be accounted for as a derivative liability in accordance with International Accounting Standards
No. 32.6 and International Financial Reporting Standards (&ldquo;IFRS&rdquo;) No. 9 that deal with the measurement of financial assets
and financial liabilities. As a result of this change, the Warrants for 9,999,999 common shares have been classified as liabilities rather
than equity, the fair value of the Warrants decreased by $2.9&nbsp;million, transaction costs increased by $0.96&nbsp;million and the
fair value loss increased by $0.96&nbsp;million for the three&nbsp;months ended March&nbsp;31, 2022.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company filed its restated condensed consolidated unaudited interim financial statements for the three month period ended March&nbsp;31,
2022 as Exhibit 99.1 to its Form&nbsp;6-K with the SEC on August&nbsp;18, 2022 together with its restated Management&rsquo;s Discussion
and Analysis of Results of Operations and Financial Condition for the three&nbsp;months ended March&nbsp;31, 2022.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Going
Concern.&nbsp;&nbsp;&nbsp;&nbsp;</I>Our auditor has included a &ldquo;going concern&rdquo; explanatory paragraph in its report on our
consolidated financial statements for the fiscal year ended December&nbsp;31, 2021, expressing substantial doubt about our ability to
continue as an ongoing business for the next twelve&nbsp;months. Our consolidated financial statements do not include any adjustments
that may result from the outcome of this uncertainty. If we cannot secure the financing needed to continue as a viable business, our
shareholders may lose some or all of their investment in us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Nasdaq
Delisting Letter.&nbsp;&nbsp;&nbsp;&nbsp;</I>On September&nbsp;1, 2022, we announced that the Company had received a notification
letter dated August&nbsp;26, 2022 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (&ldquo;Nasdaq&rdquo;),
notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing
Rule&nbsp;5550(a)(2) (the &ldquo;Minimum Bid Price Rule&rdquo;), resulting from the fact that the closing bid price of the
Company&rsquo;s common shares was below $1.00 per share for a period of thirty consecutive&nbsp;business days.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <FONT>Pursuant
to Nasdaq Listing Rule 5810(c)(3)(A), the Company had a compliance period of 180 calendar days, or until February 22, 2023 (the &ldquo;Compliance
Period&rdquo;), to regain compliance with the Nasdaq&rsquo;s Minimum Bid Price Rule. The Company did not regain compliance with the minimum
$1.00 bid price per share requirement during the first 180-calendar-day Compliance Period and submitted a written request to the Nasdaq
to afford it an additional 180-day compliance period to cure the deficiency. On February 23, 2023, the Company received written notification
from the Listing Qualifications Department of Nasdaq granting the Company&rsquo;s request for a 180-day extension to regain compliance
with Nasdaq&rsquo;s Minimum Bid Price Rule. The Company now has until August 21, 2023 to meet this requirement. If at any time prior
to August 21, 2023, the bid price of the Company&rsquo;s common shares closes at $1.00 per share or more for a minimum of 10 consecutive
business days, the Company will regain compliance with the Minimum Bid Price Rule. If the Company does not regain compliance with the
Minimum Bid Price Rule during the additional 180-day extension, Nasdaq will provide written notification to the Company that its common
shares will be delisted. At that time, the Company may appeal the relevant delisting determination to a hearings panel pursuant to the
procedures set forth in the applicable Nasdaq Listing Rules. However, there can be no assurance that, if the Company does appeal the
delisting determination by Nasdaq to the hearings panel, that such appeal would be successful. Nor is there any assurance that the Company
would obtain a further extension of time to meet this requirement. The Company intends to actively monitor the closing bid price of its
common shares and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Rule.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Inventory
Damage</I>. On December 30, 2022, the Company was notified that there had occurred a significant infiltration of water into its warehouse
premises located at 1751 Richardson, Suite 2207, Montreal, Quebec, Canada, due to a leaking water pipe in the floor above (which floor
was not leased by Siyata). Upon inspection of the premises, the Company believed that there could be substantial damage to its warehoused
inventory of communication devices and signal boosters, the dollar value of which was not then determinable. The Company is continuing
to assess the potential damages, which will require a special inspection to determine the condition of the merchandise. Management believes
that any damage is covered by its current property insurance policy and intends to file a claim with its commercial property insurer
whose policy covers the selling price of damaged inventory. Because the Company stores similar inventory in another location, it does
not believe that this event will result in any interruption of its sales activities, and thus future revenues should not be impacted
by the water damage to the subject inventory. Only new, non-damaged, quality products will be shipped to Siyata&rsquo;s customers. From
a balance sheet and income statement perspective, any damaged inventory will be considered impaired and written off (expensed) on the
Company&rsquo;s income statement as an impairment due to the water damage, and the inventory values will be reduced on the balance sheet
by the amount of the damages in the fourth quarter of 2022. Any insurance proceeds receivable will be recorded as income in the quarter
(likely in 2023) when it is at least virtually certain that the proceeds to be paid by the Company&rsquo;s insurer have been agreed by
both parties. Under international accounting standards, insurance proceeds are accounted for as &ldquo;reimbursements&rdquo; and would
be recognized as a separate asset (with related income) when the recovery is virtually certain.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Marketing
Milestones.&nbsp;&nbsp;&nbsp;&nbsp;</I>On October&nbsp;6, 2021, Siyata Mobile completed a major milestone and entered into a working
partnership with a global leading U.S.&nbsp;distributor (&ldquo;Leading U.S.&nbsp;Distributor&rdquo;) for its recently launched SD7 mission-critical
push-to-talk ruggedized handheld device. The companies signed an addendum to their Master Service Agreement appointing the Leading U.S.&nbsp;Distributor
as a non-exclusive SD7 marketing and distribution partner. The Leading U.S.&nbsp;Distributor, who is the leading global land mobile radio
vendor, will be marketing the SD7 both in North America as well as in international markets, selling both directly and in partnership
with us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May&nbsp;3, 2022, we announced that our SD7 push to talk over cellular device was certified and approved for use on FirstNet<SUP>&reg;</SUP><B>,
</B>the first high-speed, nationwide wireless broadband network dedicated to public safety.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June&nbsp;7, 2022, we announced that Verizon Communications Inc., the largest mobile cellular telephone operator in the U.S.&nbsp;by
total retail connections, will fully integrate our rugged SD7 device into their network.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">And
on June&nbsp;27, 2022, we announced that the SD7 rugged device first became commercially available on and will be sold through the FirstNet<SUP>&reg;
</SUP>network and to AT&amp;T Inc.&rsquo;s enterprise channels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;13, 2022, Siyata announced Logic Wireless Europe Ltd. a leading distributor of business-critical communication solutions across
the United Kingdom, Australia, New Zealand and the Pacific Islands, will introduce the Siyata SD7 rugged PoC device integrated with ChatterPTT.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;14, 2022, Siyata announced it is launching a new product, a Siyata High Power User Equipment antenna, in conjunction with Assured
Wireless Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;18, 2022, Siyata announced an agreement with Spain&rsquo;s Wireless Zeta Telecomunicaciones, S.L. (&ldquo;Azetti&rdquo;) to
offer the Company&rsquo;s SD7 rugged mission-critical push-to-talk device through Azetti&rsquo;s existing enterprise sales channels.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;26, 2022, Siyata announced its SD7 rugged mission-critical push-to-talk device is now available for customers who need the
integrated industry-leading PTT solutions from TASSTA, a global MCPTT software provider and end-to-end solution for critical communications.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;28, 2022, Siyata announced the Company&rsquo;s SD7 rugged push-to-talk over cellular devices were used to provide critical
emergency communications services for the World Athletics Championships &ldquo;Oregon22&rdquo; summer games.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
August&nbsp;30, 2022, Siyata announced that it is in the process of ramping up sales of its next-generation MCPTT SD7 device, as well
as the VK7 and Rapid Kit companion devices to numerous customers across multiple verticals.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
September&nbsp;8, 2022, Siyata announced that its SD7 rugged mission-critical push-to-talk device is now integrated with CrisisGo Inc.&rsquo;s
Panic App, giving teachers instant access to first responders with a single push of a button.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
September&nbsp;22, 2022, Siyata announced that it has received a purchase order from a federal government contractor who will provide
Uniden<SUP>&reg;</SUP> cellular booster kits and accessories to the U.S.&nbsp;Navy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
October&nbsp;26, 2022, Siyata announced that its SD7+ ruggedized handset would soon be powered with Visual Labs Inc.&rsquo;s innovative
body camera software, eliminating the need for users to carry two separate devices (a communication device and a body camera), creating
an ideal upgrade solution from legacy land mobile radio technologies or proprietary stand-alone body cameras.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
October&nbsp;31, 2022, Siyata announced that it had hired telecom industry veteran Dan Leech to join the Company&rsquo;s sales team.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
November&nbsp;16, 2022, Siyata announced that Bell Mobility Inc., a leading wireless operator in Canada with more than 10&nbsp;million
subscribers and a division of Bell Canada, will launch Siyata&rsquo;s rugged SD7 device onto their network in the fourth quarter 2022.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
December 6, 2022, Siyata Mobile announced that it has added DCS 2 Way Radio Ltd. doing business as RadioTrader, the UK&rsquo;s and Ireland&rsquo;s
premier two-way radio supplier, to distribute the SD7 ruggedized, mission critical PoC device and VK7 vehicle kit accessary in the United
Kingdom and Ireland.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 9, 2023, the Company announced that T-Mobile US, Inc. is expected to launch Siyata&rsquo;s rugged SD7 device onto T-Mobile&rsquo;s
United States IoT network in the first quarter 2023. On January 18, 2023, the Company announced that it has received follow-on orders
from an existing customer, a leading Saudi Arabian cellular carrier, for its Uniden&reg; UV350, a 4G/LTE all-in-one in-vehicle communication
device.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
January 23, 2023, the Company announced that it has received an order for its next-generation mission critical push-to-talk solution,
which includes its SD7 device and related accessories, from a multi-billion-dollar, integrated resort and residential property development
located in The Bahamas.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> On February 21, 2023, the Company announced
that it had received an order for $750,000 for its next-generation MCPTT (mission critical push-to-talk) solution to equip an independent
emergency management service provider with the Company&rsquo;s SD7 devices and related accessories. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> On February 23, 2023, the Company announced
that it had received written notification from the Listing Qualifications Department of Nasdaq granting the Company&rsquo;s request for
a 180-day extension to regain compliance with Nasdaq&rsquo;s minimum bid price requirement. The Company now has until August 21, 2023
to meet that requirement. See above &ldquo;-Nasdaq Delisting Letter&rdquo; and &ldquo;Risk Factors - We could lose our listing
on the Nasdaq Capital Market if the closing bid price of our common shares does not return to above $1.00 for ten consecutive&nbsp;days
during the 180 days ending Augusty&nbsp;21, 2023. The loss of the Nasdaq listing would make our common shares significantly less liquid
and would affect their value.&rdquo; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="text-align: justify; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"> On February 27, 2023, the Company announced
the launch of the Siyata T600 Cellular Booster for T-Mobile 5G enterprise customers. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> On March 6, 2023, the Company announed that
it had successfully donated and deployed its mission critical push-to-talk solution for security and volunteer personnel at the 2023
Special Olympics New York Winter Games in Syracuse, New York. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> On March 13, 2023, the Company announced that
will host an exhibitor&rsquo;s booth at the International Wireless Communications Expo 2023 showcasing its new SD7 Mission Critical Push-To-Talk
solution, the SD7+ MCPTT solution with built in Body Camera and accessories from March 27-30 in Booth 2125, North Hall, at the Las Vegas
Convention Center. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> On March 20, 2023, the Company announced the
successful certification and approval of its mission-critical PoC SD7 solution by Telstra, Australia&rsquo;s largest wireless carrier
who is anticipated to begin sales of the SD7 to its enterprise and government customers in the second quarter of 2023.&nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> On March 27, 2023, the Company announced that
it is collaborating with CrisisGo, Inc. (&ldquo;CrisisGo&rdquo;), the provider of the CrisisGo Panic app, an incident management platform
for first responders, to introduce next generation, cellular-based paging services for use by emergency response personnel. </P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Implications
of Our Being an &ldquo;Emerging Growth Company&rdquo;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
a company with less than $7.5&nbsp;million in revenue during our last fiscal year, we qualify as an &ldquo;emerging growth company&rdquo;
as defined in the Jumpstart Our Business Startups Act&nbsp;of&nbsp;2012 (the &ldquo;JOBS Act&rdquo;). An &ldquo;emerging growth company&rdquo;
may take advantage of reduced reporting requirements that are otherwise applicable to larger public companies. In particular, as an emerging
growth company, we:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">may
                                            present only two&nbsp;years of audited financial statements and only two&nbsp;years of related
                                            Management&rsquo;s Discussion and Analysis of Financial Condition and Results of Operations,
                                            or &ldquo;MD&amp;A;&rdquo;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">are
                                            not required to provide a detailed narrative disclosure discussing our compensation principles,
                                            objectives and elements and analyzing how those elements fit with our principles and objectives,
                                            which is commonly referred to as &ldquo;compensation discussion and analysis;&rdquo;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">are
                                            not required to obtain an attestation and report from our auditors on our management&rsquo;s
                                            assessment of our internal control over financial reporting pursuant to the Sarbanes-Oxley
                                            Act&nbsp;of&nbsp;2002;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">are
                                            not required to obtain a non-binding advisory vote from our shareholders on executive compensation
                                            or golden parachute arrangements (commonly referred to as the &ldquo;say-on-pay,&rdquo; &ldquo;say-on
                                            frequency&rdquo; and &ldquo;say-on-golden-parachute&rdquo; votes);</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">are
                                            exempt from certain executive compensation disclosure provisions requiring a pay-for-performance
                                            graph and chief executive officer pay ratio disclosure;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">are
                                            eligible to claim longer phase-in periods for the adoption of new or revised financial accounting
                                            standards under &sect;107 of the JOBS Act; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">will
                                            not be required to conduct an evaluation of our internal control over financial reporting.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Foreign
Private Issuer Status</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are a foreign private issuer within the meaning of the rules under the Securities Exchange&nbsp;Act&nbsp;of&nbsp;1934, as amended (the
&ldquo;Exchange&nbsp;Act&rdquo;). As such, we are exempt from certain provisions applicable to United&nbsp;States domestic public companies.
For example:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">we
                                            are not required to provide as many Exchange&nbsp;Act reports, or as frequently, as a domestic
                                            public company;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for
                                            interim reporting, we are permitted to comply solely with our home country requirements,
                                            which are less rigorous than the rules that apply to domestic public companies;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">we
                                            are not required to provide the same level of disclosure on certain issues, such as executive
                                            compensation;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">we
                                            are exempt from provisions of Regulation&nbsp;FD aimed at preventing issuers from making
                                            selective disclosures of material information;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">we
                                            are not required to comply with the sections of the Exchange&nbsp;Act regulating the solicitation
                                            of proxies, consents, or authorizations in respect of a security registered under the Exchange&nbsp;Act;
                                            and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">we
                                            are not required to comply with Section&nbsp;16 of the Exchange&nbsp;Act requiring insiders
                                            to file public reports of their share ownership and trading activities and establishing insider
                                            liability for profits realized from any &ldquo;short-swing&rdquo; trading transaction.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<DIV STYLE="padding: 5pt; border: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risk
Factors Summary</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Investing
in our securities involves substantial financial risk. The risks described under the heading &ldquo;Risk Factors&rdquo; may cause us
to not realize the full benefits of our strengths or may cause us to be unable to successfully execute all or part of our strategy. We
urge you to read the risk factors in full before you decide to invest in our common shares.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Corporate
Information</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are organized as a corporation under the laws of British Columbia, Canada, and maintain our principal place of business at 1751 Richardson
Street, Suite #2207, Montreal, Quebec Canada H3K-1G6. The registered and records office is located at 200 &mdash;&nbsp;885 West Georgia
Street, Vancouver, British Columbia V6C 3E8, Canada. Our telephone number is (514)&nbsp;500-1181 and our website is located on the internet
at <I>https://www.siyatamobile.com</I>. Information contained on our website does not constitute part of this prospectus.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company was incorporated on October&nbsp;15, 1986 as Big Rock Gold Ltd. as a corporation under the Company Act&nbsp;of&nbsp;British Columbia.
On April&nbsp;5, 1988, the Company changed its name to International Cruiseshipcenters Corp. On June&nbsp;24,1991, the Company changed
its name to Riley Resources Ltd. Effective January&nbsp;23, 1998, the Company consolidated its share capital on an eight-to-one basis
and changed its name to International Riley Resources Ltd. Effective November&nbsp;22, 2001, the Company consolidated its share capital
on a five-to-one basis and changed its name to Wind River Resources Ltd. On January&nbsp;3, 2008, the Company changed its name to Teslin
River Resources Corp.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
July&nbsp;24, 2015, Teslin River Resources Corp, completed a reverse acquisition by way of a three-cornered amalgamation, pursuant to
which the Company acquired certain telecom operations of an Israel-based cellular technology company and changed its name to Siyata Mobile
Inc.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
June&nbsp;7, 2016, the Company acquired all of the issued and outstanding shares of Signifi Mobile Inc. (&ldquo;Signifi&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
March&nbsp;2021, the Company acquired, through a wholly owned subsidiary formed by Signifi, all the outstanding units of Clear RF LLC
(&ldquo;Clear RF&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company was registered with the TSXV under the symbol SIM, commenced trading on OTCQX under the symbol SYATF from May&nbsp;11, 2017 until
September&nbsp;25, 2020, at which time the Company&rsquo;s common shares were listed only on the Nasdaq Capital Market.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
following diagram illustrates our corporate structure as of the date of this prospectus:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><IMG SRC="img_002.jpg" ALT=""></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center">&nbsp;</P>

</DIV>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="k_003"></A>RISK
FACTORS</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>An
investment in our securities involves a high degree of risk. Before investing in our common shares, you should carefully consider the
risk factors set forth below. If any of such risks or uncertainties occur, our business, financial condition, and operating results could
be materially and adversely affected. Additional risks and uncertainties not currently known to us or that we currently deem immaterial
also may materially and adversely affect our business operations. As a result, the trading price of our common shares could decline and
you could lose all or a part of your investment.</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Related to Our Financial Position and Capital Requirements</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
have a history of operating losses and we may never achieve or maintain profitability.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have a limited operating history and a history of losses from operations. As of December&nbsp;31, 2021, we had an accumulated deficit
of $62,519,412. As of September&nbsp;30, 2022, we had an accumulated deficit of $71,230,357. Our existing cash and cash equivalents will
be insufficient to fully fund our business plan. Our ability to achieve profitability will depend on whether we can obtain additional
capital when we need it, complete the development of our technology, obtain required regulatory approvals and continue to develop arrangements
with channel partners. There can be no assurance that we will ever achieve profitability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
independent registered public accounting firm, in its report on our financial statements for the year ended December&nbsp;31, 2021, concurs
with management&rsquo;s representation that raises substantial doubt about our ability to continue as a going concern.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
may require additional capital to fund our business and support our growth, and our inability to generate and obtain such capital on
acceptable terms, or at all, could harm our business, operating results, financial condition and prospects.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
intend to continue to make substantial investments to fund our business and support our growth. In addition, we may require additional
funds to respond to business challenges, including the need to develop new features or enhance our solutions, improve our operating infrastructure
or acquire or develop complementary businesses and technologies. As a result, in addition to the revenues we generate from our business,
we may need to engage in additional equity or debt financings to provide the funds required for these and other business endeavors. If
we raise additional funds through future issuances of equity or convertible debt securities, our existing stockholders could suffer significant
dilution, and any new equity securities we issue could have rights, preferences and privileges superior to those of holders of our common
shares. Any debt financing that we may secure in the future could involve restrictive covenants relating to our capital raising activities
and other financial and operational matters, which may make it more difficult for us to obtain additional capital and to pursue business
opportunities, including potential acquisitions. We may not be able to obtain such additional financing on terms favorable to us, if
at all. If we are unable to obtain adequate financing or financing on terms satisfactory to us when we require it, our ability to continue
to support our business growth and to respond to business challenges could be significantly impaired, and our business may be adversely
impacted. In addition, our inability to generate or obtain the financial resources needed may require us to delay, scale back, or eliminate
some or all of our operations, which may have a significant adverse impact on our business, operating results and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
independent registered public accountants have noted that we may not survive as a going concern.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
independent registered public accountants have included a &ldquo;going concern&rdquo; explanatory paragraph in its report on our consolidated
financial statements for the fiscal year ended December&nbsp;31, 2021, concurring with management&rsquo;s representation of expressing
substantial doubt about our ability to continue as an ongoing business for the next twelve&nbsp;months. Our consolidated financial statements
do not include any adjustments that may result from the outcome of this uncertainty. If we cannot secure the financing needed to continue
as a viable business, our shareholders may lose some or all of their investment in us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
independent registered public accountants have identified material weaknesses in our internal controls over financial reporting in both
2020 and 2021. If we are unable to remediate these material weaknesses, we may not be able to report our financial results accurately,
prevent fraud or file our periodic reports as a public company in a timely manner.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
connection with the audit of our consolidated financial statements for the&nbsp;years ended December&nbsp;31, 2021 and 2020, our independent
registered public accountants identified several material weaknesses in our internal control over financial reporting. A &ldquo;material
weakness&rdquo; is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a
reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on
a timely basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2021, our independent registered public accountants identified the following material weaknesses in our internal control over financial
reporting. The first material weakness related to the insufficient review of inventory balances for products which are slow-moving. The
second material weakness related to the insufficient review of advances to suppliers on products that are no longer selling. The third
material weakness relates to insufficient controls surrounding off-site inventory tracking. The fourth material weakness related to insufficient
review whether product returns relate to sales recorded in the fiscal year. The fifth material weakness relates to insufficient review
of title transfer terms to determine the period in which revenue should be recorded.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the material weaknesses identified in our 2021 audit, we have taken steps to remediate these material weaknesses, and to further strengthen
our accounting staff and internal controls, as detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
                                            a quarterly basis, the Company now reviews inventory on hand for slow moving merchandise
                                            and reviews inventory on hand regularly. For the year ended 2021, it was determined that
                                            $4,659,648 (2020&nbsp;&mdash;&nbsp;$1,571,649) of the inventory was impaired due to slow
                                            movement. The accessories and spare parts related to these products amounted to $839,693
                                            in 2021 (2020&nbsp;&mdash;&nbsp;$316,000), which was also impaired.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company now reviews quantities on hand before approving purchase orders.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
                                            of April&nbsp;1, 2022, the Company signed a lease for their own exclusive warehouse space
                                            so that outside contract warehouses will not be required.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company now reviews product returns to compare and ensure that they occur in the same fiscal
                                            year.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company&rsquo;s controller scrutinizes all revenues earned in the period to ensure compliance
                                            with IFRS15.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company&rsquo;s controller and CFO in Canada coordinates full scheduling of the year end
                                            process to ensure timely close off of accounting periods.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, our independent registered public accountants identified the following material weaknesses in our internal control over financial
reporting. The first material weakness related to the lack of formal review of the customers return rights for products prior to revenue
recognition. The second material weakness related to the review of receivables for the purpose of recording expected credit losses. The
third material weakness related to the review of inventory and spare parts for obsolete or slow-moving products. The fourth material
weakness related to the lack of formal review regarding appropriateness of classification of share issuance costs versus transaction
expenses through profit and loss. The fifth material weakness related to the classification of amounts held in trust separate from cash
and equivalents. The final material weakness related to the need to set a formal policy to enter all post-closing adjustments within
a set time period after year end, before providing records to the auditors.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
the material weaknesses identified in our 2020 audit, we have taken steps to remediate these material weaknesses, and to further strengthen
our accounting staff and internal controls, as detailed below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company now requires a formal signed distribution agreement with major customers which define
                                            the terms, including payment terms, return policy, repair policy and warranty policy.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company is reviewing the credit risk of each customer and a part of the sales function has
                                            the formalized distribution agreements in place.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
                                            a quarterly basis, management is reviewing inventory on hand for slow moving merchandise
                                            and reviews inventory on hand regularly.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company has engaged outside consultants to review purchase price adjustment valuation, impairment
                                            valuations and complex transactions to ensure compliance with IFRS standards.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Company has improved its internal financial reporting communication process. The Company
                                            has streamlined the communications between the Company&rsquo;s Israel and Canadian-based
                                            financial reporting groups. Furthermore, the Company&rsquo;s Audit Committee adopted a policy
                                            requiring the Company&rsquo;s Canadian CFO to meet with the Company&rsquo;s Israel-based
                                            reporting group at least twice a year to ensure that the Israel reporting group&rsquo;s policies
                                            and procedures are consistent with those in Canada and that all the inventory is properly
                                            tracked and procedures for intercompany transactions must follow our existing formal standard
                                            procedures.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                            Audit Committee will ensure that at the quarterly financial meetings, there will be an agenda
                                            item to discuss policies and procedures in place in ensure internal control compliance with
                                            respect to intercompany transactions and returns so that all documentation is clear, consistent
                                            and that they are recorded in a timely manner and the pricing policy is consistent.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
date, we have only partially remediated the material weaknesses identified in 2021 and 2020 above. We cannot be certain that other material
weaknesses and control deficiencies will not be discovered in the future. If our efforts are not successful or other material weaknesses
or control deficiencies occur in the future, we may be unable to report our financial results accurately on a timely basis or help prevent
fraud, which could cause our reported financial results to be materially misstated and result in the loss of investor confidence or delisting
and cause the market price of our common shares to decline.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
began to take steps to remediate these material weaknesses and strengthen our internal control over financial reporting, including the
following:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">documenting
                                            and formally assessing our accounting and financial reporting policies and procedures; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increasing
                                            the use of third-party consultants in assessing significant accounting transactions and other
                                            technical accounting and financial reporting issues, preparing accounting memoranda addressing
                                            these issues and maintaining these memoranda in our corporate records.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">While
we believe that these efforts will improve our internal control over financial reporting, the implementation of these measures is ongoing
and will require validation and testing of the design and operating effectiveness of internal controls over a sustained period of financial
reporting cycles. We cannot assure you that the measures we have taken to date, and are continuing to implement, will be sufficient to
maintain effective internal control over financial reporting. Accordingly, there could continue to be a reasonable possibility that a
misstatement of our accounts or disclosures that would result in a material misstatement of our financial statements that would not be
prevented or detected on a timely basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Related to Our Business and Industry</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
rely on our channel partners to generate a substantial majority of our revenues. If these channel partners fail to perform or if we cannot
enter into agreements with channel partners on favorable terms, our operating results could be significantly harmed.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">More
than 54% and 47% of our revenues for the year ended December&nbsp;31, 2021 and for the nine&nbsp;months ended September&nbsp;30, 2022,
respectively, were generated through sales by our channel partners, which are primarily wireless carriers who sell our devices through
their sales channels. To the extent our channel partners are unsuccessful in selling or do not promote our products, or we are unable
to obtain and retain a sufficient number of high-quality channel partners, our business and operating results could be significantly
harmed. Our channel partners are wireless carriers who have direct and indirect sales channels which we are leveraging to get to their
customers. Our wireless carrier channel partners currently include:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AT&amp;T,
                                            in the United&nbsp;States;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FirstNet,
                                            in the United&nbsp;States;</FONT></TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Verizon,
                                            in the United&nbsp;States;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Rogers,
                                            in Canada; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a
                                            leading global LMR vendor and distributor in North America and international markets.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">While
these arrangements are typically long term, they generally do not contain any firm purchase volume commitments. As a result, our channel
partners are not contractually obligated to purchase from us any minimum number of products. We are generally required to satisfy any
and all purchase orders delivered to us within specified delivery windows, with limited exceptions (such as orders significantly in excess
of forecasts). If we are unable to efficiently manage our supply and satisfy purchase orders on a timely basis to our channel partners,
we may be in breach of our sales arrangements and lose potential sales. If a technical issue with any of our covered products exceeds
certain present failure thresholds for the relevant performance standard or standards, the channel partner typically has the right to
cease selling the product, cancel open purchase orders and levy certain monetary penalties. If our products suffer technical issues or
failures following sales to our channel partners, we may be subject to significant monetary penalties and our channel partners may cease
making purchase orders, which would significantly harm our business and results of operations. In addition, our channel partners retain
sole discretion in which of their stocked products to offer their customers. While we may offer limited customer incentives, we generally
have limited to no control over which products our channel partners decide to offer or promote, which directly impacts the number of
products that our partners will purchase from us.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, our channel partners may be unsuccessful in marketing, selling and supporting our solutions. They may also market, sell and
support solutions that are somewhat competitive with ours, and may devote more resources to the marketing, sales and support of such
products. They may have incentives to promote our competitors&rsquo; products in lieu of our products, particularly for our bigger competitors
with larger volumes of orders, more diverse product offerings and a longer relationship with our generally large-scale channel partners.
As a result, our channel partners may stop selling our products completely. While we employ a small direct sales force, our channel partners
have significantly larger sales teams who are not contractually obligated to promote any of our devices and often have multiple competing
devices in stock to offer their customers. In addition, downstream sales by our channel partners often succeed due to attractive device
prices and monthly rate plans, which we do not control. In certain cases, we may promote our own devices through customer incentives,
however, there can be no assurance that any such incentives would contribute to increased purchases of our products. Further, given the
impact of attractive pricing on ultimate sales, we generally must offer increased promotional funding or price reductions for our more
expensive products. This promotional funding or price reductions operate to reduce our margins and significantly impact our profitability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
sales channel partners may take several&nbsp;months or more to achieve significant sales. Our channel partner sales structure could subject
us to lawsuits, potential liability and reputational harm if, for example, any of our channel partners misrepresents the functionality
of our products or services to their customers, or violate laws or our corporate policies.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we fail to effectively manage our existing or future sales channel partners, our channel partners fail to promote our products effectively,
we are unable to meet our obligations under our sales arrangements or future agreements that we may enter into with wireless carrier
customers have terms that are more favorable to the customer, our business and results of operations would be harmed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are materially dependent on the adoption of our solutions by both the industrial enterprise and public sector markets, and if end customers
in those markets do not purchase our solutions, our revenues will be adversely impacted, and we may not be able to expand into other
markets.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
revenues have been primarily in the industrial enterprise market, and we are materially dependent on the adoption of our solutions by
both the industrial enterprise and public sector markets. End customers in the public sector market may remain, for reasons outside our
control, tied to Land Mobile Radio solutions or other competitive alternatives to our devices. Sales of our products to these buyers
may also be delayed or limited by these competitive conditions. If our products are not widely accepted by buyers in those markets, we
may not be able to expand sales of our products into new markets, and our business, results of operations and financial condition may
be adversely impacted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
participate in a competitive industry, which may become more competitive. Competitors with greater resources and significant experience
in high-volume product manufacturing may be able to respond more quickly and cost-effectively than we can to new or emerging technologies
and changes in customer requirements.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
face significant competition in developing and selling our solutions. Our primary competitors in the non-rugged mobile device market
include LG Corporation, Apple Inc. and Samsung Electronics Co. Ltd. Our primary competitors in the rugged mobile device market include
Sonim Technologies Inc., Bullitt Mobile Ltd., and Kyocera Corporation. We also face competition from large system integrators and manufacturers
of private and public wireless network equipment and devices. Competitors in this space include Harris Corporation, JVC KENWOOD Corporation,
a leading LMR vendor, or MSI, and Tait International Limited. Within the Cellular Booster category, we have several direct competitors,
including Wilson Electronics, LLC, Nextivity, Inc. and SureCall Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot assure you that we will be able to compete successfully against current or future competitors. Increased competition in mobile
computing platforms, data capture products, or related accessories and software developments may result in price reductions, lower gross
profit margins, and loss of market share, and could require increased spending on research and development, sales and marketing, and
customer support. Some competitors may make strategic acquisitions or establish cooperative relationships with suppliers or companies
that produce complementary products, which may create additional pressures on our competitive position in the marketplace.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 19; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Most
of our competitors have longer operating histories, greater name recognition, larger customer bases and significantly greater financial,
technical, sales, marketing and other resources and experience than we do. In addition, because of the higher volume of components that
many of our competitors purchase from their suppliers, they are able to keep their supply costs relatively low and, as a result, may
be able to recognize higher margins on their product sales than we do. Many of our competitors may also have existing relationships with
the channel partners who we use to sell our products, or with our potential customers. This competition may result in reduced prices,
reduced margins and longer sales cycles for our products. Our competitors may also be able to more quickly and cost-effectively respond
to new or emerging technologies and changes in customer requirements. The combination of brand strength, extensive distribution channels
and financial resources of the larger vendors could cause us to lose market share and could reduce our margins on our products. If any
of our larger competitors were to commit greater technical, sales, marketing and other resources to our markets, our ability to compete
would be adversely impacted. If we are unable to successfully compete with our competitors, our sales would suffer and as a result our
financial condition will be adversely impacted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Defects
in our products could reduce demand for our products and result in a loss of sales, delay in market acceptance and injury to our reputation,
which would adversely impact our business.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Complex
software, as well as multiple components, displays, plastics and assemblies used in our products may contain undetected defects that
are subsequently discovered at any point in the life of the product. Defects in our products may result in a loss of sales, product malfunction,
delay in market acceptance and potential injuries to our customers which can harm our reputation and result in increased warranty costs.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Additionally,
our software may contain undetected errors, defects or bugs. Although we have not suffered significant harm from any errors, defects
or bugs to date, we may discover significant errors, defects, or bugs in the future that we may not be able to correct or correct in
a timely manner. It is possible that errors, defects or bugs will be found in our existing or future software and/or hardware products
and related services with the potential for delays in, or loss of market acceptance of, our products and services, diversion of our resources,
injury to our reputation, increased service and warranty expenses, and payment of damages.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further,
errors, defects or bugs in our solutions could be exploited by hackers or could otherwise result in an actual or perceived breach of
our information systems. Alleviating any of these problems could require significant expense and could cause interruptions, delays or
cessation of our product licensing, which would reduce demand for our products and result in a loss of sales, delay in market acceptance
and injure our reputation and could adversely impact our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
our business does not grow as we expect, or if we fail to manage our growth effectively, our operating results and business would suffer.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
ability to successfully grow our business depends on a number of factors including our ability to:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">accelerate
                                            the adoption of our solutions by new end customers;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">expand
                                            into new vertical markets;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">develop
                                            and deliver new products and services;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increase
                                            awareness of the benefits that our solutions offer; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">expand
                                            our domestic and international footprint.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
usage of our solutions grows, we will need to continue to make investments to develop and implement new or updated solutions, software,
technologies, security features and cloud-based infrastructure operations. In addition, we will need to appropriately scale our internal
business systems and our services organization, including the suppliers of our products and customer support services, to serve our growing
customer base. Any failure of, or delay in, these efforts could impair the performance of our solutions and reduce customer satisfaction.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further,
our growth could increase quickly and place a strain on our managerial, operational, financial and other resources, and our future operating
results depend to a large extent on our ability to successfully manage our anticipated expansion and growth. To manage our growth successfully,
we will need to continue to invest in sales and marketing, research and development, and general and administrative functions and other
areas. We are likely to recognize the costs associated with these investments earlier than receiving some of the anticipated benefits,
and the return on these investments may be lower, or may develop more slowly, than we expect, which could adversely impact our operating
results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we are unable to manage our growth effectively, we may not be able to take advantage of market opportunities or develop new solutions
or upgrades to our existing solutions, satisfy customer requirements, maintain the quality and security of our solutions or execute on
our business plan, any of which could harm our business, operating results and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
may not be able to continue to develop solutions to address user needs effectively in an industry characterized by ongoing change and
rapid technological advances.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To
be successful, we must adapt to rapidly changing technological and application needs by continually improving our products, as well as
introducing new products and services, to address user demands.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
industry is characterized by:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">evolving
                                            industry standards;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">frequent
                                            new product and service introductions;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increasing
                                            demand for customized product and software solutions;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">rapid
                                            competitive developments;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">changing
                                            customer demands; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">evolving
                                            distribution channels.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Future
success will depend on our ability to effectively and economically adapt in this evolving environment. We could incur substantial costs
if we must modify our business to adapt to these changes, and may even be unable to adapt to these changes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
markets for our devices and related accessories may not develop as quickly as we expect, or may not develop at all. Our dependence on
our cellular carrier channel partners and their success in promoting Push to Talk over Cellular to their client base is key for the success
of the business.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
future success is substantially dependent upon continued adoption of devices and related accessories in the industrial enterprise and
public sector markets, including the transition from LMR to Push to Talk over Cellular and LTE networks. These market developments and
transitions may take longer than we expect or may not occur at all, and may not be as widespread as we expect. If the market does not
develop as we expect, our business, operating results and financial condition would be significantly harmed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
future success is dependent on our ability to create independent brand awareness for our company and products with end customers, and
our inability to achieve such brand awareness could limit our prospects.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
depend on wireless carriers to promote and distribute our products. While we intend to ramp up direct marketing and end-customer brand
awareness initiatives in the future, our sales and marketing efforts have historically been predominantly focused on channel partners.
To increase end-customer brand awareness, we intend to develop sales tools for key verticals within our target markets, increase usage
of social media and expand product training efforts, among other things. As a result, we expect our sales and marketing expenses to increase
in the future, primarily from increased sales personnel expenses, which will require us to cost-efficiently ramp up our sales and marketing
capabilities and effectively target end customers. However, there can be no assurance that we will successfully increase our brand awareness
or do so in a cost-efficient manner while maintaining market share within our existing sales channels. Our failure to establish stand-alone
brand awareness with end customers of our products will leave us vulnerable to the marketing and selling success of others, including
our channel partners, and these developments could have an adverse impact on our prospects. If we are unable to significantly increase
the awareness of our brand and solutions with end customers in a cost-efficient manner, we will remain significantly dependent on our
channel partners for sales of our products, and our business, financial condition and results of operations could be adversely impacted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are dependent on the continued services and performance of a concentrated group of senior management and other key personnel, the loss
of any of whom could adversely impact our business.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
future success depends in large part on the continued contributions of a concentrated group of senior management and other key personnel.
In particular, the leadership of key management personnel is critical to the successful management of our company, the development of
our solutions and our strategic direction. We also depend on the contributions of key technical personnel. Our senior management and
key personnel are all employed on an at-will basis, which means that they could terminate their employment with us at any time, for any
reason and without notice. The loss of any of our key personnel could significantly delay or prevent the achievement of our development
and strategic objectives and harm our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
compete in a rapidly evolving market, and the failure to respond quickly and effectively to changing market requirements could cause
our business and operating results to decline.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
mobile device market is characterized by rapidly changing technology, changing customer needs, evolving industry standards and frequent
introductions of new products and services. In order to deliver a competitive mobile device, our solutions must be capable of operating
in an increasingly complex network environment. As new wireless phones are introduced and standards in the mobile device market evolve,
we may be required to modify our phones and services to make them compatible with these new products and standards. Likewise, if our
competitors introduce new devices and services that compete with ours, we may be required to reposition our solutions or introduce new
phones and solutions in response to such competitive pressure. We may not be successful in modifying our current devices or introducing
new ones in a timely or appropriately responsive manner, or at all. If we fail to address these changes successfully, our business and
operating results could be significantly harmed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
we are unable to sell our solutions into new markets, our revenues may not grow.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
new market into which we attempt to sell our solutions may not be receptive. Our ability to penetrate new markets depends on the quality
of our solutions, the continued adoption of our public safety solution by first responders, the perceived value of our solutions as a
risk management tool and our ability to design our solutions to meet the demands of our customers. If the markets for our solutions do
not develop as we expect, our revenues may not grow.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
ability to successfully face these challenges depends on several factors, including increasing the awareness of our solutions and their
benefits, the effectiveness of our marketing programs, the costs of our solutions, our ability to attract, retain and effectively train
sales and marketing personnel, and our ability to develop relationships with wireless carriers and other partners. If we are unsuccessful
in developing and marketing our solutions into new markets, new markets for our solutions might not develop or might develop more slowly
than we expect, either of which would harm our revenues and growth prospects.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
we are unable to attract, integrate and retain additional qualified personnel, including top technical talent, our business could be
adversely impacted.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
future success depends in part on our ability to identify, attract, integrate and retain highly skilled technical, managerial, sales
and other personnel. We face intense competition for qualified individuals from numerous other companies, including other software and
technology companies, many of whom have greater financial and other resources than we do. Some of these characteristics may be more appealing
to high-quality candidates than those we have to offer. In addition, new hires often require significant training and, in many cases,
take significant time before they achieve full productivity. We may incur significant costs to attract and retain qualified personnel,
including significant expenditures related to salaries and benefits and compensation expenses related to equity awards, and we may lose
new employees to our competitors or other companies before we realize the benefit of our investment in recruiting and training them.
Moreover, new employees may not be or become as productive as we expect, as we may face challenges in adequately or appropriately integrating
them into our workforce and culture. If we are unable to attract, integrate and retain suitably qualified individuals who are capable
of meeting our growing technical, operational and managerial requirements on a timely basis or at all, our business will be adversely
impacted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Volatility
or lack of positive performance in our stock price may also affect our ability to attract and retain our key employees. Many of our senior
management personnel and other key employees have become, or will soon become, vested in a substantial amount of stock or stock options.
Employees may be more likely to leave us if the shares they own or the shares underlying their vested options have significantly appreciated
in value relative to the original purchase prices of the shares or the exercise prices of the options, or, conversely, if the exercise
prices of the options that they hold are significantly above the market price of our common shares. If we are unable to appropriately
incentivize and retain our employees through equity compensation, or if we need to increase our compensation expenses in order to appropriately
incentivize and retain our employees, our business, operating results and financial condition would be adversely impacted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 22; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>A
security breach or other significant disruption of our IT systems or those of our partners, suppliers or manufacturers, caused by cyberattacks
or other means, could have a negative impact on our operations, sales, and operating results.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
IT systems are potentially vulnerable to damage, unauthorized access or interruption from a variety of sources, including but not limited
to, cyberattacks, cyber intrusions, computer viruses, security breaches, energy blackouts, natural disasters, terrorism, sabotage, war,
insider trading and telecommunication failures. A cyberattack or other significant disruption involving our IT systems or those of our
outsource partners, suppliers or manufacturers could result in the unauthorized release of proprietary, confidential or sensitive information
of ours or result in virus and malware installation on our devices. Such unauthorized access to, or release of, this information or other
security breaches could: (i)&nbsp;allow others to unfairly compete with us, (ii)&nbsp;compromise safety or security, (iii)&nbsp;subject
us to claims for breach of contract, tort, and other civil claims, and (iv)&nbsp;damage our reputation. Any or all of the foregoing could
have a negative impact on our business, financial condition and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
experience lengthy sales cycles for our products and the delay of an expected large order could result in a significant unexpected revenue
shortfall.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
purchase of our products is often an enterprise-wide decision for prospective customers, which requires us to engage in sales efforts
over an extended period of time and provide a significant level of education to prospective customers regarding the uses and benefits
of such devices. Prospective customers, especially the wireless carriers that sell our products, often undertake a prolonged evaluation
process that may take from several&nbsp;months to several&nbsp;years in certain cases. Consequently, if our forecasted sales from a specific
customer are not realized, we may not be able to generate revenues from alternative sources in time to compensate for the shortfall.
The loss or delay of an expected large order could also result in a significant unexpected revenue shortfall. Moreover, to the extent
we enter into and deliver our products pursuant to significant contracts earlier than we expected, our operating results for subsequent
periods may fall below expectations. We may spend substantial time, effort and money on our sales and marketing efforts without any assurance
that our efforts will produce any sales. If we are unable to succeed in closing sales with new and existing customers, our business,
operating results and financial condition will be harmed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
have a limited history of contracting with third party manufacturers in Asia for the high-volume commercial production of our devices,
and we may face manufacturing capacity constraints.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
have a limited history and experience in contracting with third party manufacturers in Asia for high-volume commercial production of
our devices. Because of this limited experience, we face challenges in predicting our business and evaluating its prospects, which may
result in breakdowns of our ability to timely supply our devices to our customers. s. If overall demand for our devices increases in
the future, we will need to expand our third party manufacturing capacity in a cost-efficient manner. Failing to meet customer demand
due to our failure to successfully address these risks and challenges could adversely impact our reputation and future sales, which would
significantly harm our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
face risks related to novel Coronavirus (COVID-19) which could significantly disrupt our research and development, operations, sales,
supply chain and financial results.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
business will be adversely impacted by the effects of the novel Coronavirus (COVID-19). In addition to global macroeconomic effects,
the novel Coronavirus (COVID-19) outbreak and any other related adverse public health developments will cause disruption to our operations,
research and development, and sales activities. Our third-party manufacturers, third-party distributors, and our customers have been
and will be disrupted by worker absenteeism, quarantines and restrictions on employees&rsquo; ability to work, office and factory closures,
disruptions to ports and other shipping infrastructure, border closures, or other travel or health-related restrictions. Depending on
the magnitude of such effects on our activities or the operations of our third-party manufacturers and third-party distributors, the
supply of our products will be delayed, which could adversely affect our business, operations and customer relationships. In addition,
the Coronavirus (COVID-19) or other disease outbreak will in the short-run and may over the longer term adversely affect the economies
and financial markets of many countries, resulting in an economic downturn that will affect demand for our products and impact our operating
results. There can be no assurance that any decrease in sales resulting from the Coronavirus (COVID-19) will be offset by increased sales
in subsequent periods. Although the magnitude of the impact of the Coronavirus (COVID-19) outbreak on our business and operations remains
uncertain, the continued spread of the Coronavirus (COVID-19) or the occurrence of other epidemics and the imposition of related public
health measures and travel and business restrictions will adversely impact our business, financial condition, operating results and cash
flows. In addition, we have experienced and will experience disruptions to our business operations resulting from quarantines, self-isolations,
or other movement and restrictions on the ability of our employees to perform their jobs that may impact our ability to develop and design
our products in a timely manner or meet required milestones or customer commitments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
business has not experienced any material impact from supply chain disruptions brought about by the COVID-19 pandemic, however there
is no certainty that this will continue into the future. Management is carefully monitoring the situation and is working with its partners,
suppliers and manufacturers to ensure minimal impact on its business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
rely on industry data and projections which may prove to be inaccurate.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
obtained statistical data, market data and other industry data and forecasts used in this prospectus from market research, publicly available
information and industry publications. These industry data, including the vehicle communications industry, include projections that are
based on a number of assumptions which have been derived from industry and government sources which we believe to be reasonable. The
vehicle communications industry may not grow at the rate projected by industry data, or at all. The failure of the industry to grow as
anticipated is likely to have a material adverse effect on our business and the market price of our common shares. In addition, the rapidly
changing nature of the vehicle communications industry subjects any projections or estimates relating to the growth prospects or future
condition of our industries to significant uncertainties. Furthermore, if any one or more of the assumptions underlying the industry
data turns out to be incorrect, actual results may, and are likely to, differ from the projections based on these assumptions. While
we believe that the statistical data, industry data and forecasts and market research are reliable, we have not independently verified
the data.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Related to our Reliance on Third Parties</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>As
we work with multiple vendors for our components, if we fail to adequately forecast demand for our inventory and supply needs, we could
incur additional costs or experience manufacturing delays, which could reduce our gross margin or cause us to delay or even lose sales.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Because
our production volumes are based on a forecast of channel partner demand rather than purchase commitments from our major customers, there
is a risk that our forecasts could be inaccurate and that we will be unable to sell our products at the volumes and prices we expect,
which may result in excess inventory. We provide, and will continue to provide, forecasts of our demand to our third-party suppliers
prior to the scheduled delivery of products to our channel partners. If we overestimate our requirements, our contract manufacturers
may have excess component inventory, which could increase our costs. If we underestimate our requirements, our contract manufacturers
may have inadequate component inventory, which could interrupt the manufacturing of our products and result in delays in shipments and
revenues or even lost sales, or could incur unplanned overtime costs to meet our requirements, resulting in significant cost increases.
For example, certain materials and components used to manufacture our products may reach end of life during any of our product&rsquo;s
life cycles, following which suppliers no longer provide such expired materials and components. This would require us to either source
and qualify an alternative component, which could require a re-certification of the device by the wireless carriers and/or regulatory
agencies, or forecast product demand for a final purchase of such materials and components that may reach end of life to ensure that
we have sufficient product inventory through a product&rsquo;s life cycle. If we overestimate forecasted demand, we would hold excess
end-of-life materials and components resulting in increased costs. If we underestimate forecasted demand, we could experience delays
in shipments and loss of revenues.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 24; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, if we underestimate our requirements and the applicable supplier becomes insolvent or is no longer able to timely supply our
needs in a cost-efficient manner or at all, we may be required to acquire components, which may need to be customized for our products,
from alternative suppliers, including at significantly higher costs. If we cannot source alternative suppliers and/or alternative components,
we may suffer delays in shipments or lost sales. Similarly, credit constraints at our suppliers could require us to accelerate payment
of our accounts payable, impacting our cash flow. Further, lead times for materials and components that we order vary significantly and
depend on factors such as the specific supplier, contract terms, customization needed for any particular component and demand for each
component at a given time. Any such failure to accurately forecast demand and manufacturing and supply requirements, and any need to
obtain alternative supply sources, could materially harm our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
dependence on third-party suppliers for key components of our products could delay shipment of our products and reduce our sales.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
depend on certain suppliers for the delivery of components used in the assembly of our products. Our reliance on third-party suppliers
creates risks related to our potential inability to obtain an adequate supply of components and reduced control over pricing and timing
of delivery of components. In particular, we have little to no control over the prices at which our suppliers sell materials and components
to us. Certain supplies of our components are available only from a single source or limited sources and we may not be able to diversify
sources in a timely manner. We have experienced shortages in the past that have negatively impacted our results of operations and may
experience such shortages in the future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
also do not have long-term supply agreements with any of our suppliers. Our current contracts with certain suppliers may be cancelled
or not extended by such suppliers and, therefore, do not afford us with sufficient protection against a reduction or interruption in
supplies. Moreover, in the event any of these suppliers breach their contracts with us, our legal remedies associated with such a breach
may be insufficient to compensate us for any damages we may suffer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
interruption of supply for any material components of our products, or inability to obtain required components from our third-party suppliers,
could significantly delay the production and shipment of our products and harm our revenues, profitability and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Because
we rely on a small number of channel partners/customers for a large portion of our revenue, the loss of any of these customers would
have a material adverse effect on our operating results and cash flows.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
our fiscal year ended December&nbsp;31, 2021 and for the nine&nbsp;months ended September&nbsp;30, 2022, we derived 46% and 47% respectively,
of our revenue from five customers/channel partners. Any termination of a business relationship with, or a significant sustained reduction
in business from, one or more of these channel partners/customers could have a material adverse effect on our operating results and cash
flows.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
dedicated public safety LTE networks are not deployed at the rate we anticipate or at all, demand for our solutions may not grow as expected.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
key part of our strategy is to further expand the use of our solutions over dedicated LTE networks in the public safety market. If the
deployment of dedicated LTE networks is delayed or such networks are not adopted at the rate we anticipate, demand for our solutions
may not develop as we anticipate, which would have a negative effect on our revenues.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
application development ecosystem supporting our devices and related accessories is new and evolving.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
application development ecosystem supporting our devices and related accessories is new and evolving. Specifically, the number of application
developers in the ecosystem supporting our devices and accessories is small. If the market or the application development ecosystem does
not develop, timely or at all, demand for our products may be limited, and our business and results of operations will be significantly
harmed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 25; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Failure
of our suppliers, subcontractors, distributors, resellers, and representatives to use acceptable legal or ethical business practices,
or to fail for any other reason, could negatively impact our business.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not control the labor and other business practices of our suppliers, subcontractors, distributors, resellers and third-party sales
representatives (&ldquo;TPSRs&rdquo;), and cannot provide assurance that they will operate in compliance with applicable rules, and regulations
regarding working conditions, employment practices, environmental compliance, anti-corruption, and trademark a copyright and patent licensing.
If one of our suppliers, subcontractors, distributors, resellers, or TPSRs violates labor or other laws or implements labor or other
business practices that are regarded as unethical or illegal, the shipment of finished products to us could be interrupted, orders could
be cancelled, relationships could be terminated, and our reputation could be damaged. If one of our suppliers or subcontractors fails
to procure the necessary license rights to trademarks, copyrights or patents, legal action could be taken against us that could impact
the saleability of our products and expose us to financial obligations to a third party. Any of these events could have a negative impact
on our sales and results of operations.</FONT> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Moreover,
any failure of our suppliers, subcontractors, distributors, resellers and TPSRs, for any reason, including bankruptcy or other business
disruption, could disrupt our supply or distribution efforts and could have a negative impact on our sales and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
products are subject to risks associated with sourcing and manufacturing.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
do not own or operate any of the manufacturing facilities for our products and rely on a concentrated number of independent suppliers
to manufacture all of the products we sell. For our business to be successful, our suppliers must provide us with quality products in
substantial quantities, in compliance with regulatory requirements, at acceptable costs and on a timely basis. Our ability to obtain
a sufficient selection or volume of merchandise on a timely basis at competitive prices could suffer as a result of any deterioration
or change in our supplier relationships or events that adversely affect our suppliers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There
can be no assurance we will be able to detect, prevent or fix all defects that may affect our products manufactured by our suppliers.
Failure to detect, prevent or fix defects, or the occurrence of real or perceived quality or safety problems or material defects in our
current and future products, could result in a variety of consequences, including a greater number of product returns than expected from
customers and our wholesale partners, litigation, product recalls and credit, warranty or other claims, among others, which could harm
our brand, results of operations and financial condition. Such problems could hurt our brand image, which is critical to maintaining
and expanding our business. Any negative publicity or lawsuits filed against us related to the perceived quality and safety of our products
could harm our brand and decrease demand for our products.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
one or more of our significant suppliers were to sever their relationship with us or significantly alter the terms of our relationship,
including due to changes in applicable trade policies, we may not be able to obtain replacement products in a timely manner, which could
have a material adverse effect on our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, if any of our primary suppliers fail to make timely shipments, do not meet our quality standards or otherwise fail to deliver
us product in accordance with our plans, there could be a material adverse effect on our results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
contractors and suppliers buy raw materials and are subject to wage rates that are oftentimes regulated by the governments of the countries
in which our products are manufactured. The raw materials used to manufacture our products are subject to availability constraints and
price volatility. There could be a significant disruption in the supply of raw materials from current sources or, in the event of a disruption,
our suppliers might not be able to locate alternative suppliers of materials of comparable quality at an acceptable price or at all.
Our business is dependent upon the ability of our unaffiliated suppliers to locate, train, employ and retain adequate personnel. Our
unaffiliated suppliers have experienced, and may continue to experience in the future, unexpected increases in work wages, whether government-mandated
or otherwise. Our suppliers may increase their pricing if their raw materials become more expensive. Our suppliers may pass the increase
in sourcing costs to us through price increases, thereby impacting our margins. Material changes in the pricing practices of our suppliers
could negatively impact our profitability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, we cannot be certain that our unaffiliated suppliers will be able to fill our orders in a timely manner. If we experience significant
increases in demand, or reductions in the availability of materials, or need to replace an existing supplier, there can be no assurance
additional supplies of raw materials or additional manufacturing capacity will be available when required on terms acceptable to us,
or at all, or that any supplier would allocate sufficient capacity to us in order to meet our requirements. In addition, even if we are
able to expand existing or find new manufacturing or sources of materials, we may encounter delays in production and added costs as a
result of the time it takes to train suppliers in our methods, products, quality control standards and labor, health and safety standards.
Any delays, interruption or increased costs in labor or wages, or the supply of materials or manufacture of our products, could have
an adverse effect on our ability to meet wholesale customer and consumer demand for our products and result in lower revenue and net
income both in the short and long term.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 26; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Events
that adversely impact our suppliers could impair our ability to obtain adequate and timely supplies. Such events include, among others,
difficulties or problems associated with our suppliers&rsquo; business, the financial instability and labor problems of suppliers, merchandise
quality and safety issues, natural or man-made disasters, inclement weather conditions, war, acts of terrorism and other political instability,
economic conditions, pandemics, transportation delays and shipment issues. Our suppliers may be forced to reduce their production, shut
down their operations or file for bankruptcy. Our suppliers may consolidate, increasing their market power. The occurrence of one or
more of these events could impact our ability to get products to our customers, result in disruptions to our operations, increase our
costs and decrease our profitability.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Global
sourcing and foreign trade involve numerous factors and uncertainties beyond our control, including:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increased
                                            shipping costs;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">the
                                            imposition of additional import or trade restrictions;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">legal
                                            or economic restrictions on overseas suppliers&rsquo; ability to produce and deliver products;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">increased
                                            custom duties and tariffs;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">unforeseen
                                            delays in customs clearance of goods;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">more
                                            restrictive quotas;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">loss
                                            of a most favored nation trading status;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">currency
                                            exchange rates;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">transportation
                                            delays;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">port
                                            of entry issues; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">foreign
                                            government regulations, political instability and economic uncertainties in the countries
                                            from which we or our suppliers source our products.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
sourcing operations may also be hurt by health concerns regarding the outbreak of viruses, widespread illness, infectious diseases, contagions
and the occurrence of unforeseen epidemics (including the outbreak of the Coronavirus and its potential impact on our financial results)
in countries in which our merchandise is produced. Moreover, negative press or reports about internationally manufactured products may
sway public opinion, and thus customer confidence, away from our products. Furthermore, changes in U.S.&nbsp;trade policies, including
new restrictions, tariffs or other changes could lead to additional costs, delays in shipments, embargos and other uncertainties that
could negatively impact our relationships with our international suppliers and materially adversely affect our business. These and other
issues affecting our international suppliers or internationally manufactured merchandise could have a material adverse effect on our
business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, some of our suppliers may not have the capacity to supply us with sufficient merchandise to keep pace with our growth plans,
especially if we need significantly greater amounts of inventory. In such cases, our ability to pursue our growth strategy will depend
in part upon our ability to develop new supplier relationships.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
nature of our business may result in undesirable press coverage or other negative publicity, which would adversely impact our brand identity,
future sales and results of operations.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
solutions are used to assist law enforcement and other public safety personnel in situations involving public safety. The incidents in
which our solutions are deployed may involve injury, loss of life and other negative outcomes, and such events are likely to receive
negative publicity. Such negative publicity could have an adverse impact on new sales or renewals or expansions of coverage areas by
existing customers, which would adversely impact our financial results and business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 27; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Changes
in the availability of federal funding to support local public safety or other public sector efforts could impact our opportunities with
public sector end customers.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Many
of our public sector end customers rely to some extent on funds from the U.S.&nbsp;federal government in order to purchase and pay for
our solutions. Any reduction in federal funding for local public safety or other public sector efforts could result in our end customers
having less access to funds required to continue, renew, expand or pay for our solutions. For example, any future U.S.&nbsp;government
shutdowns, could result in delayed public safety spending or re-allocation of funding into other areas of public safety. If federal funding
is reduced or eliminated and our end customers cannot find alternative sources of funding to purchase our solutions, our business will
be harmed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Economic
uncertainties or downturns, or political changes, could limit the availability of funds available to our customers and potential customers,
which could significantly adversely impact our business.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Current
or future economic uncertainties or downturns could adversely impact our business and operating results. Negative conditions in the general
economy both in the United&nbsp;States and abroad, including conditions resulting from changes in gross domestic product growth, financial
and credit market fluctuations, political deadlock, natural catastrophes, warfare and terrorist attacks in North America, Europe, the
Asia Pacific region or elsewhere, could cause a decrease in funds available to our customers and potential customers and negatively affect
the growth rate of our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
economic conditions may make it extremely difficult for our customers and us to forecast and plan future budgetary decisions or business
activities accurately, and they could cause our customers to re-evaluate their decisions to purchase our solutions, which could delay
and lengthen our sales cycles or result in cancellations of planned purchases. Furthermore, during challenging economic times or as a
result of political changes, our customers may tighten their budgets and face constraints in gaining timely access to sufficient funding
or other credit, which could result in an impairment of their ability to make timely payments to us. In turn, we may be required to increase
our allowance for doubtful accounts, which would adversely impact our financial results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot predict the timing, strength or duration of any economic slowdown, instability or recovery, generally or within any particular
industry, or the impact of political changes. If the economic conditions of the general economy or industries in which we operate worsen
from present levels, or if recent political changes result in less funding being available to purchase our solutions, our business, operating
results and financial condition could be adversely impacted.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Natural
or man-made disasters and other similar events may significantly disrupt our business, and negatively impact our operating results and
financial condition.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any
of our facilities may be harmed or rendered inoperable by natural or man-made disasters, including earthquakes, tornadoes, hurricanes,
wildfires, floods, nuclear disasters, acts of terrorism or other criminal activities, infectious disease outbreaks, and power outages,
which may render it difficult or impossible for us to operate our business for some period of time. Our facilities would likely be costly
to repair or replace, and any such efforts would likely require substantial time. Any disruptions in our operations could negatively
impact our business and operating results, and harm our reputation. In addition, we may not carry business insurance or may not carry
sufficient business insurance to compensate for losses that may occur. Any such losses or damages could have a significant adverse impact
on our business, operating results and financial condition. In addition, the facilities of significant vendors may be harmed or rendered
inoperable by such natural or man-made disasters, which may cause disruptions, difficulties or significant adverse impact on our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are exposed to risks associated with strategic acquisitions and investments.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
may consider strategic acquisitions of companies with complementary technologies or intellectual property in the future. Acquisitions
hold special challenges in terms of successful integration of technologies, products, services and employees. We may not realize the
anticipated benefits of these acquisitions or the benefits of any other acquisitions we have completed or may complete in the future,
and we may not be able to incorporate any acquired services, products or technologies with our existing operations, or integrate personnel
from the acquired businesses, in which case our business could be harmed.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 28; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acquisitions
and other strategic decisions involve numerous risks, including:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">problems
                                            integrating and divesting the operations, technologies, personnel, services or products over
                                            geographically disparate locations;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">unanticipated
                                            costs, taxes, litigation and other contingent liabilities;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">continued
                                            liability for discontinued businesses and pre-closing activities of divested businesses or
                                            certain post-closing liabilities which we may agree to assume as part of the transaction
                                            in which a particular business is divested;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">adverse
                                            impacts on existing business relationships with suppliers and customers;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">cannibalization
                                            of revenues as customers may seek multi-product discounts;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">risks
                                            associated with entering into markets in which we have no, or limited, prior experience;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">incurrence
                                            of significant restructuring charges if acquired products or technologies are unsuccessful;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">significant
                                            diversion of management&rsquo;s attention from our core business and diversion of key employees&rsquo;
                                            time and resources;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">licensing,
                                            indemnity or other conflicts between existing businesses and acquired businesses;</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">inability
                                            to retain key customers, distributors, suppliers, vendors and other business relations of
                                            the acquired business; and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">potential
                                            loss of our key employees or the key employees of an acquired organization or as a result
                                            of discontinued businesses.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financing
for future acquisitions may not be available on favorable terms, or at all. If we identify an appropriate acquisition candidate for any
of our businesses, we may not be able to negotiate the terms of the acquisition successfully, finance the acquisition or integrate the
acquired business, products, service offerings, technologies or employees into our existing business and operations. Future acquisitions
and divestitures may not be well-received by the investment community, which may cause the value of our stock to fall. We cannot ensure
that we will be able to identify or complete any acquisition, divestiture or discontinued business in the future.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
we acquire businesses, new products, service offerings or technologies in the future, we may incur significant acquisition-related costs.
In addition, we may be required to amortize significant amounts of finite-lived intangible assets and we may record significant amounts
of goodwill or indefinite-lived intangible assets that would be subject to testing for impairment. We have in the past and may in the
future be required to write off all or part of the intangible assets or goodwill associated with these investments that could harm our
operating results. If we consummate one or more significant future acquisitions in which the consideration consists of stock or other
securities, our existing stockholders&rsquo; ownership could be significantly diluted. If we were to proceed with one or more significant
future acquisitions in which the consideration included cash, we could be required to use a substantial portion of our cash and investments.
Acquisitions could also cause operating margins to fall depending on the businesses acquired.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
strategic investments may involve joint development, joint marketing, or entry into new business ventures, or new technology licensing.
Any joint development efforts may not result in the successful introduction of any new products or services by us or a third party, and
any joint marketing efforts may not result in increased demand for our products or services. Further, any current or future strategic
acquisitions and investments by us may not allow us to enter and compete effectively in new markets or enhance our business in our existing
markets and we may have to impair the carrying amount of our investments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
could be adversely impacted by changes in accounting standards and subjective assumptions, estimates and judgments by management related
to complex accounting matters.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">International
financial reporting standards and related accounting pronouncements, implementation guidelines, and interpretations with regard to a
wide range of matters that are relevant to our businesses, including, but not limited to, revenue recognition, asset impairment, inventories,
customer rebates and other customer consideration, tax matters, and litigation and other contingent liabilities are highly complex and
involve many subjective assumptions, estimates and judgments. Changes in these rules or their interpretation or changes in underlying
assumptions, estimates or judgments could significantly change our reported or expected financial performance or financial condition.
New accounting guidance may also require systems and other changes that could increase our operating costs and/or change our financial
statements. For example, implementing future accounting guidance related to revenue, accounting for leases and other areas could require
us to make significant changes to our accounting systems and result in adverse changes to our financial statements.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Related to Government Regulation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>The
impact of potential changes in customs, tariffs, and trade policies in the United&nbsp;States and the potential corresponding actions
by other countries, including trade initiatives announced by the U.S.&nbsp;presidential administration against China, in which we do
business could adversely impact our financial performance.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
U.S.&nbsp;government has made proposals that are intended to address trade imbalances, which include encouraging increased production
in the United&nbsp;States. These proposals could result in increased customs duties and tariffs, and the renegotiation of some U.S.&nbsp;trade
agreements. We import a significant percentage of our products into the United&nbsp;States, and an increase in customs duties and tariffs
with respect to these imports could negatively impact our financial performance. If such customs duties and tariffs are implemented,
it also may cause U.S.&nbsp;trading partners to take actions with respect to U.S.&nbsp;imports or U.S.&nbsp;investment activities in
their respective countries. Any potential changes in trade policies in the United&nbsp;States and the potential corresponding actions
by other countries in which we do business could adversely impact our financial performance. Given the level of uncertainty over which
provisions will be enacted, we cannot predict with certainty the impact of the proposals.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
example, in 2018, the U.S.&nbsp;presidential administration and Chinese government imposed significant tariffs on exports between the
two countries. This evolving policy dispute between China and the United&nbsp;States is likely to have significant impact on the industries
in which we participate, directly and indirectly, and no assurance can be given that any individual customer or significant groups of
companies or a particular industry, will not be adversely impacted by any governmental actions taken by either China or the United&nbsp;States.
In addition, our mobile phones are manufactured at a third party contractor&rsquo;s facility in Shenzhen, China, which could result in
significant additional costs to us when shipping our products to various customers in the United&nbsp;States. It is not possible to predict
with any certainty the outcome of the trade dispute between the United&nbsp;States and China, and prolonged or increased tariffs on imports
from China to the United&nbsp;States would adversely impact our business, results of operations and financial condition.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2020, a Phase&nbsp;One trade agreement was signed imposing specific targets for Chinese purchases of various exports from the United&nbsp;States.
These ambitious commitments specified numerical targets in U.S.&nbsp;goods and services exports to China for increases of $77&nbsp;billion
in 2020 and $123&nbsp;billion in 2021 from the 2017 baseline. The Phase&nbsp;One agreement also imposed numerous tariffs on a variety
of goods including but not limited to imports from China along with steel and aluminum imports from across the world, creating an upward
pressure on prices in the United&nbsp;States. These tariffs currently impact over $350&nbsp;billion of imports and exports and increase
consumer costs by roughly $51&nbsp;billion annually based on 2021 import levels. The uncertainty of the Phase&nbsp;One deal, unilaterally
imposed in 2020 and substantially still in effect today, lie in their conditions. For instance, Section&nbsp;301 enables the president
to impose tariffs or quotas wherever the United&nbsp;States Trade Representative (the &ldquo;USTR&rdquo;) finds that other nations are
engaging in unfair trade practices and Section&nbsp;232 allows the president to impose trade barriers if the Department of Commerce finds
that imports threaten U.S.&nbsp;national security. The Company will be unable to pre-empt decisions of this nature, and as such, the
risks and consequences which accompany them.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2021, the U.S.&nbsp;presidential administration signed Executive Order 14017 into order, assessing vulnerabilities in four priority product
areas: semiconductors, large capacity batteries, critical minerals and materials, and pharmaceuticals and active pharmaceutical ingredients.
Executive Order 14017 established an interagency Supply Chain Trade Task Force led by USTR.&nbsp;This task force was directed to identify
foreign trade practices that the U.S.&nbsp;deemed unfair or otherwise determined to cause erosion to U.S.&nbsp;critical supply chains.
The impact and decisions of this task force may cause consequential action from other trading partners, potentially impacting the Company&rsquo;s
financial performance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Later
in 2021 and into 2022, the US Administration replaced the Section&nbsp;232 tariffs on steel and aluminum imports from the EU with a tariff
rate quota system (&ldquo;TRQ&rdquo;), replaced the Section&nbsp;232 tariffs on steel imports from Japan with a TRQ (the Section&nbsp;232
aluminum imports from Japan are still in effect) and, as of March&nbsp;2022, replaced the Section&nbsp;232 tariffs on steel and aluminum
imports from the UK with a TRQ. To date, the U.S. Administration has kept in place all of the Section&nbsp;301 tariffs on Chinese imports,
which might influence importers to shift away from China and reorganize supply chains or otherwise cause decreased trade altogether&nbsp;&mdash;&nbsp;both
imports and exports&nbsp;&mdash;&nbsp;raising prices and reducing options for consumers and businesses in the U.S. While a number of
exclusions and extensions to these tariffs exist and evolve within the current administration, retaliatory actions by other nations remain
a possibility.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 30; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
of May 2022, five nations have levied retaliatory tariffs up to 70 percent on approximately $73.2&nbsp;billion of U.S.&nbsp;exports of
which China represented 25%. The Biden Administration has to-date retained the Section 301 tariffs on over $300 billion worth of imports
from China, which were initially imposed in four different tranches throughout 2018 by the Trump Administration. Based on 2021 data,
U.S. consumers paid $48 billion in Section 301 tariffs to import goods from China. According to a study by the American Action Forum,
more than half of the amount paid on these tariffs were for Census-defined industrial supplies and/or capital goods that U.S. firms use
as inputs in their production processes. Removing the tariffs would lower input costs for U.S. firms, allowing them to lower prices,
expand output, increase investment, and ultimately be more competitive in domestic and international markets.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are subject to anti-corruption, anti-bribery, anti-money laundering, economic sanctions, export control, and similar laws. Non-compliance
with such laws can subject us to criminal or civil liability and harm our business, revenues, financial condition and results of operations.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
are subject to the U.S.&nbsp;Foreign Corrupt Practices Act&nbsp;of&nbsp;1977, as amended, the U.S.&nbsp;domestic bribery statute contained
in 18 U.S.C. Section 201, the U.S.&nbsp;Travel Act, and other anti-bribery and anti-money laundering laws in the countries in which we
conduct activities. Anti-corruption and anti-bribery laws have been enforced aggressively in recent&nbsp;years and are interpreted broadly
to generally prohibit companies and their employees and third-party intermediaries from authorizing, offering, or providing, directly
or indirectly, improper payments or benefits to recipients in the public or private sector. As we increase our international presence,
we may engage with distributors and third-party intermediaries to market our solutions and to obtain necessary permits, licenses, and
other regulatory approvals in countries outside the United States and Canada. In addition, we or our third-party intermediaries may have
direct or indirect interactions with officials and employees of government agencies or state-owned or affiliated entities in countries
outside the United States and Canada. We can be held liable for the corrupt or other illegal activities of these third-party intermediaries,
our employees, representatives, contractors, partners and agents, even if we do not explicitly authorize such activities.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
United&nbsp;States has imposed economic sanctions that affect transactions with designated foreign countries, nationals and others. In
particular, the United&nbsp;States prohibits U.S.&nbsp;persons from engaging with individuals and entities identified as &ldquo;Specially
Designated Nationals,&rdquo; such as terrorists and narcotics traffickers. These prohibitions are administered by the U.S.&nbsp;Department
of the Treasury&rsquo;s Office of Foreign Assets Control (&ldquo;OFAC&rdquo;). OFAC rules prohibit U.S.&nbsp;persons from engaging in,
or facilitating a foreign person&rsquo;s engagement in, transactions with or relating to the prohibited individual, entity or country,
and require the blocking of assets in which the individual, entity or country has an interest. Blocked assets (e.g., property or bank
deposits) cannot be paid out, withdrawn, set off or transferred in any manner without a license from OFAC.&nbsp;Other countries in which
we operate, including Canada and the United Kingdom, also maintain economic and financial sanctions regimes.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Some
of our solutions, including software updates and third-party accessories, may be subject to U.S.&nbsp;export control laws, including
the Export Administration Regulations; however, the vast majority of our products are non-U.S.-origin items, developed and manufactured
outside of the United&nbsp;States, and therefore not subject to these laws. For third-party accessories, we rely on manufacturers to
supply the appropriate export control classification numbers that determine our obligations under these laws.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
cannot assure you that our employees and agents will not take actions in violation of our policies and applicable law, for which we may
be ultimately held responsible. As we increase our international presence, our risks under these laws, rules, and regulations may increase.
Further, any change in the applicability or enforcement of these laws, rules, and regulations could adversely impact our business operations
and financial results.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Detecting,
investigating and resolving actual or alleged violations can require a significant diversion of time, resources, and attention from senior
management. In addition, noncompliance with anti-corruption, anti-bribery, anti-money laundering, or economic sanctions laws, rules,
and regulations could subject us to whistle blower complaints, investigations, sanctions, settlements, prosecution, other enforcement
actions, disgorgement of profits, significant fines, damages, other civil and criminal penalties or injunctions, suspension and/or debarment
from contracting with certain persons, the loss of export privileges, reputational harm, adverse media coverage, and other collateral
consequences. If any subpoenas or investigations are launched, or governmental or other sanctions are imposed, or if we do not prevail
in any possible civil or criminal litigation, our business, revenues, financial condition, and results of operations would be significantly
harmed. In addition, responding to any action will likely result in a significant diversion of management&rsquo;s attention and resources
and significant defense costs and other professional fees. Enforcement actions and sanctions could further harm our business, financial
condition and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 31; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are subject to a wide range of product regulatory and safety, consumer, worker safety and environmental laws and regulations.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
operations and the products we sell are subject to a wide range of product regulatory and safety, consumer, worker safety and environmental
laws and regulations. Compliance with such existing or future laws and regulations could subject us to future costs or liabilities, impact
our production capabilities, constrict our ability to sell, expand or acquire facilities, restrict what solutions we can offer and generally
impact our financial performance. Our products are designed for use in potentially explosive or hazardous environments. If our product
design fails for any reason in such environments, we may be subject to product liabilities and future costs. In addition, some of these
laws are environmental and relate to the use, disposal, remediation, emission and discharge of, and exposure to hazardous substances.
These laws often impose liability and can require parties to fund remedial studies or actions regardless of fault. Environmental laws
have tended to become more stringent over time and any new obligations under these laws could have a negative impact on our operations
or financial performance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Laws
focused on the energy efficiency of electronic products and accessories, recycling of both electronic products and packaging, reducing
or eliminating certain hazardous substances in electronic products, and the transportation of batteries continue to expand significantly.
Laws pertaining to accessibility features of electronic products, standardization of connectors and power supplies, the transportation
of lithium-ion batteries, and other aspects are also proliferating. There are also demanding and rapidly changing laws around the globe
related to issues such as product safety, radio interference, radio frequency radiation exposure, medical related functionality, and
consumer and social mandates pertaining to use of wireless or electronic equipment. These laws, and changes to these laws, could have
a substantial impact on whether we can offer certain products, solutions, and services, and on what capabilities and characteristics
our products or services can or must include.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">These
laws and regulations impact our products and could negatively impact our ability to sell products competitively. In addition, we anticipate
that we will see increased demand to meet voluntary criteria related to reduction or elimination of certain constituents from products,
increasing energy efficiency and providing additional accessibility.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Changes
in laws and regulations concerning the use of telecommunication bandwidth could increase our costs and adversely impact our business.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
business depends on our ability to sell devices that use telecommunication bandwidth allocated to licensed and unlicensed wireless services,
and that use of that bandwidth is subject to laws and regulations that are subject to change over time. Changes in the permitted uses
of telecommunication bandwidth, reallocation of such bandwidth to different uses, and new or increased regulation of the capabilities,
importation, and use of devices that depend on such bandwidth could increase our costs, require costly modifications to our products
before they are sold, or limit our ability to sell those products into our target markets. In addition, we are subject to regulatory
requirements for certification and testing of our products before they can be marketed or sold. Those requirements may be onerous and
expensive. Changes to those requirements could result in significant additional costs and could adversely impact our ability to bring
new products to market in a timely fashion.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>We
are subject to a wide range of privacy and data security laws, regulations and other legal obligations.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Personal
privacy and information security are significant issues in the United&nbsp;States and the other jurisdictions in which we operate or
make our products and applications available. The legislative and regulatory framework for privacy and security issues worldwide is rapidly
evolving and is likely to remain uncertain for the foreseeable future. Our handling of data is subject to a variety of laws and regulations,
including regulation by various government agencies, including the U.S.&nbsp;Federal Trade Commission (&ldquo;FTC&rdquo;), and various
state, local and foreign agencies. We may collect personally identifiable information (&ldquo;PII&rdquo;) and other data from our customers.
We use this information to provide services to our customers and to support, expand and improve our business. We may also share customers&rsquo;
PII with third parties as allowed by applicable law and agreements and authorized by the customer or as described in our privacy policy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 32; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
U.S.&nbsp;federal and various state and foreign governments have adopted or proposed limitations on the collection, distribution, transfer,
use and storage of PII.&nbsp;In the United&nbsp;States, the FTC and many state attorneys general are applying federal and state consumer
protection laws as imposing standards for the online collection, use and dissemination of data. Many foreign countries and governmental
bodies, including Canada, the European Union and other relevant jurisdictions, have laws and regulations concerning the collection and
use of PII obtained from their residents or by businesses operating within their jurisdiction. These laws and regulations often are more
restrictive than those in the United&nbsp;States. Laws and regulations in these jurisdictions apply broadly to the collection, use, storage,
disclosure and security of data that identifies or may be used to identify or locate an individual, such as names, email addresses and,
in some jurisdictions, Internet Protocol, or IP, addresses. Within the European Union, legislators have adopted the General Data Protection
Regulation, or GDPR, effective May&nbsp;2018 which may impose additional obligations and risk upon our business, and which may increase
substantially the penalties to which we could be subject in the event of any non-compliance. We may incur substantial expense in complying
with the obligations imposed by the governments of the foreign jurisdictions in which we do business or seek to do business and we may
be required to make significant changes in our business operations, all of which may adversely impact our revenues and our business overall.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Although
we are working to comply with those federal, state, and foreign laws and regulations, industry standards, contractual obligations and
other legal obligations that apply to us, those laws, regulations, standards and obligations are evolving and may be modified, interpreted
and applied in an inconsistent manner from one jurisdiction to another, and may conflict with one another, other requirements or legal
obligations, our practices or the features of our products or applications. At state level, lawmakers continue to pass new laws concerning
privacy and data security. Particularly notable in this regard is the California Consumer Privacy Act (&ldquo;CCPA&rdquo;), which became
effective on January&nbsp;1, 2020. The CCPA will introduce significant new disclosure obligations and provide California consumers with
significant new privacy rights. Any failure or perceived failure by us to comply with federal, state or foreign laws or regulations,
industry standards, contractual obligations or other legal obligations, or any actual or suspected security incident, whether or not
resulting in unauthorized access to, or acquisition, release or transfer of PII or other data, may result in governmental enforcement
actions and prosecutions, private litigation, fines and penalties or adverse publicity and could cause our customers to lose trust in
us, which could have an adverse impact on our reputation and business. Any inability to adequately address privacy and security concerns,
even if unfounded, or comply with applicable laws, regulations, policies, industry standards, contractual obligations, or other legal
obligations could result in additional cost and liability to us, damage our reputation, inhibit sales and adversely impact our business.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We
also expect that there will continue to be new proposed laws, regulations and industry standards concerning privacy, data protection
and information security in the United&nbsp;States, the European Union and other jurisdictions, and we cannot yet determine the impact
such future laws, regulations and standards may have on our business. New laws, amendments to or re-interpretations of existing laws
and regulations, industry standards, contractual obligations and other obligations may require us to incur additional costs and restrict
our business operations. Such laws and regulations may require companies to implement privacy and security policies, permit users to
access, correct and delete personal information stored or maintained by such companies, inform individuals of security breaches that
affect their personal information, and, in some cases, obtain individuals&rsquo; consent to use PII for certain purposes. In addition,
a foreign government could require that any PII collected in a country not be disseminated outside of that country, and we are not currently
equipped to comply with such a requirement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 33; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Risks
Related to Our Intellectual Property</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>If
we are unable to successfully protect our intellectual property, our competitive position may be harmed.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Our
ability to compete is heavily affected by our ability to protect our intellectual property. We rely on a combination of patent licenses,
confidentiality procedures and contractual provisions to protect our proprietary rights. We also enter, and plan to continue to enter,
into confidentiality, invention assignment or license agreements with our employees, consultants and other parties with whom we contract,
and control access to and distribution of our software, documentation and other proprietary information. The steps we take to protect
our intellectual property may be inadequate, and it is possible that some or all of our confidentiality agreements will not be honored
and certain contractual provisions may not be enforceable. Existing trade secret, trademark and copyright laws offer only limited protection.
Unauthorized parties may attempt to copy aspects of our products or obtain and use information which we regard as proprietary. Policing
unauthorized use of our products is difficult, time consuming and costly, particularly in foreign countries where the laws may not protect
our proprietary rights as fully as in the United&nbsp;States. We cannot assure you that our means of protecting our proprietary rights
will be adequate or that our competitors will not independently develop similar technology, the effect of either of which would harm
our competitive position in the market. Furthermore, disputes can arise with our strategic partners, customers or others concerning the
ownership of intellectual property.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Others
may claim that we infringe on their intellectual property rights, which may result in costly and time-consuming litigation and could
delay or otherwise impair the development and commercialization of our products.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In recent&nbsp;years, there has been a significant
increase in litigation in the United&nbsp;States involving patents and other intellectual property rights, and because our products are
comprised of complex technology, we could, in the future, be involved in or impacted by assertions, including both requests to take licenses
and litigation, regarding infringement of patent and other intellectual property rights of third parties. Third parties have asserted,
and in the future may assert, intellectual property infringement claims against us and against our channel partners, end customers and
suppliers. For example, we have been approached by Wilson Electronics about potential infringement of several of their patents involving
cellphone boosters. Many of these assertions are brought by non-practicing entities whose principal business model is to secure patent
licensing revenues from product manufacturing or sales companies. Claims for alleged infringement and any resulting lawsuit, if successful,
could subject us to significant liability for damages and invalidation of our intellectual property rights. Defending any such claims,
with or without merit, including pursuant to indemnity obligations, could be time consuming, expensive, cause product shipment delays
or require us to enter into a royalty or licensing agreement, any of which could delay the development and commercialization of our products
or reduce our margins. If we are unable to obtain a required license, our ability to sell or use certain products may be impaired. In
addition, if we fail to obtain a license, or if the terms of the license are burdensome to us, our operations could be significantly harmed.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
use of open source software could subject us to possible litigation or otherwise impair the development of our products.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
portion of our technologies incorporates open source software, including open source operating systems such as Android, and we expect
to continue to incorporate open source software into our platform in the future. Few of the licenses applicable to open source software
have been interpreted by courts, and their application to the open source software integrated into our proprietary technology platform
may be uncertain. If we fail to comply with these licenses, then pursuant to the terms of these licenses, we may be subject to certain
requirements, including requirements that we make available the source code for our software that incorporates the open source software.
We cannot assure you that we have not incorporated open source software in our software in a manner that is inconsistent with the terms
of the applicable licenses or our current policies and procedures. If an author or other third party that distributes such open source
software were to allege that we had not complied with the conditions of one or more of these licenses, we could incur significant legal
expenses defending against such allegations. Litigation could be costly for us to defend, have a negative effect on our operating results
and financial condition or require us to devote additional research and development resources to change our technology platform.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">With
respect to open source operating systems, if third parties cease continued development of such operating systems or restrict our access
to such operating system, our business and financial results could be adversely impacted. We are dependent on third parties&rsquo; continued
development of operating systems, software application ecosystem infrastructures, and such third parties&rsquo; approval of our implementations
of their operating and system and associated applications. If such parties cease to continue development or support of such operating
systems or restrict our access to such operating systems, we would be required to change our strategy for our devices. As a result, our
financial results could be negatively impacted because a resulting shift away from the operating systems we currently use, and the associated
applications ecosystem could be costly and difficult.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Our
inability to obtain and maintain any third-party license required to develop new products and product enhancements could seriously harm
our business, financial condition and results of operations.</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">From
time to time, we are required to license technology from third parties to develop new products or product enhancements. Third-party licenses
may not be available to us on commercially reasonable terms, or at all. If we fail to renew any intellectual property license agreements
on commercially reasonable terms, or any such license agreements otherwise expire or terminate, we may not be able to use the patents
and technologies of these third parties in our products, which are critical to our success. We cannot assure you that we will be able
to effectively control the level of licensing and royalty fees paid to third parties, and significant increase in such fees could have
a significant and adverse impact on our future profitability. Seeking alternative patents and technologies may be difficult and time-consuming,
and we may not be successful in finding alternative technologies or incorporating them into our products. Our inability to obtain any
third-party license necessary to develop new products or product enhancements could require us to obtain substitute technology of lower
quality or performance standards, or at greater cost, which could seriously harm our business, financial condition and results of operations.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"></P>

<!-- Field: Page; Sequence: 34; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Risks relating to our locations in Israel and
Canada and our international operations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Conditions in Israel could materially and
adversely affect our business.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A number of our officers and directors are residents
of Israel. Accordingly, political, economic and military conditions in Israel and the surrounding region may directly affect our business
and operations. Since the establishment of the State of Israel in 1948, a number of armed conflicts have taken place between Israel and
its neighboring countries or territories, as well as terrorist acts committed within Israel by hostile elements. Any hostilities involving
Israel or the interruption or curtailment of trade between Israel and its trading partners could adversely affect our operations and
results of operations. During the summer of 2006, Israel was engaged in an armed conflict with Hezbollah, a Lebanese Islamist Shiite
militia group and political party. In December&nbsp;2008 and January&nbsp;2009 there was an escalation in violence among Israel, Hamas,
the Palestinian Authority and other groups, as well as extensive hostilities along Israel&rsquo;s border with the Gaza Strip, which resulted
in missiles being fired from the Gaza Strip into Southern Israel. During November&nbsp;2012 and from July through August&nbsp;2014, Israel
was engaged in an armed conflict with a militia group and political party who controls the Gaza Strip, which resulted in missiles being
fired from the Gaza Strip into Southern Israel, as well as at areas more centrally located near Tel Aviv and at areas surrounding Jerusalem.
These conflicts involved missile strikes against civilian targets in various parts of Israel, including areas in which our employees
and some of our consultants are located, and negatively affected business conditions in Israel. This pattern of activity erupts from
time to time with varying degrees of intensity and for varying periods of time and typically ends with a cease fire until hostilities
flare up again.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Since February&nbsp;2011, Egypt has experienced
political turbulence and an increase in terrorist activity in the Sinai Peninsula. Such political turbulence and violence may damage
peaceful and diplomatic relations between Israel and Egypt, and could affect the region as a whole. Similar civil unrest and political
turbulence has occurred in other countries in the region, including Syria, which shares a common border with Israel, and is affecting
the political stability of those countries. Since April&nbsp;2011, internal conflict in Syria has escalated and chemical weapons have
been used in the region. Foreign actors have intervened and may continue to intervene in Syria. This instability and any intervention
may lead to deterioration of the political and economic relationships that exist between the State of Israel and some of these countries
and may lead to additional conflicts in the region. In addition, Iran has threatened to attack Israel and may be developing nuclear weapons.
Iran also has a strong influence among extremist groups in the region, including Hamas in Gaza, Hezbollah in Lebanon and various rebel
militia groups in Syria. These situations have escalated at various points in recent&nbsp;years and may escalate in the future to more
violent events, which may affect Israel and us. Any armed conflicts, terrorist activities or political instability in the region could
adversely affect business conditions and could harm our results of operations and could make it more difficult for us to raise capital.
Parties with whom we do business have sometimes declined to travel to Israel during periods of heightened unrest or tension, forcing
us to make alternative arrangements when necessary in order to meet our business partners face to face. In addition, the political and
security situation in Israel may result in parties with whom we have agreements involving performance in Israel claiming that they are
not obligated to perform their commitments under those agreements pursuant to force majeure provisions in such agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, in the past, the State of Israel and
Israeli companies have been subjected to economic boycotts. Several countries still restrict business with the State of Israel and with
Israeli companies. These restrictive laws and policies may have an adverse impact on our operating results, financial condition or the
expansion of our business. A campaign of boycotts, divestment and sanctions has been undertaken against Israel, which could also adversely
impact our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 35; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Notwithstanding such boycotts, in August 2020,
an agreement for the normalization of relations between Israel and the United Arab Emirates (the &ldquo;UAE&rdquo;) was reached and in
September 2020 the Abraham Accords Peace Treaty was signed at the White House. The Accords officially established diplomatic relations
between Israel and the UAE. This was shortly followed by an agreement for the normalization of ties between Israel and the Kingdom of
Bahrain, which was signed in a Joint Communique between Israel and Bahrain in Manama, Bahrain in November 2020. In December 2020, Israel
and Morocco established full diplomatic relations. And in January 2021, Sudan acceded to the Abraham Accords during the visit of then-U.S.
Treasury Secretary Steven Mnuchin to Khartoum. These agreements have led to other trade and military alliances between Israel and neighboring
Arab countries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, many Israeli citizens are obligated
to perform several&nbsp;days, and in some cases more, of annual military reserve duty each year until they reach the age of 40 (or older,
for reservists who are military officers or who have certain occupations) and, in the event of a military conflict, may be called to
active duty. In response to increases in terrorist activity, there have been periods of significant call-ups of military reservists.
It is possible that there will be military reserve duty call-ups in the future. Our operations could be disrupted by such call-ups, which
may include the call-up of members of our management. Such disruption could materially adversely affect our business, prospects, financial
condition and results of operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>It may be difficult to enforce a U.S.&nbsp;judgment
against us, our officers and directors named in our annual report on Form&nbsp;20-F in Israel or the United&nbsp;States, or to assert
U.S.&nbsp;securities laws claims in Israel or serve process on our officers and directors.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Not all of our directors or officers are residents
of the United&nbsp;States and most of their and our assets are located outside the United&nbsp;States. Service of process upon us or
our non-U.S.&nbsp;resident directors and officers may be difficult to obtain within the United&nbsp;States. We have been informed by
our legal counsel in Israel that it may be difficult to assert claims under U.S.&nbsp;securities laws in original actions instituted
in Israel or obtain a judgment based on the civil liability provisions of U.S.&nbsp;federal securities laws. Israeli courts may refuse
to hear a claim based on a violation of U.S.&nbsp;securities laws against us or our non-U.S.&nbsp;officers and directors because Israel
may not be the most appropriate forum to bring such a claim. In addition, even if an Israeli court agrees to hear a claim, it may determine
that Israeli law and not U.S.&nbsp;law is applicable to the claim. If U.S.&nbsp;law is found to be applicable, the content of applicable
U.S.&nbsp;law must be proved as a fact, which can be a time-consuming and costly process. Certain matters of procedure will also be governed
by Israeli law. There is little binding case law in Israel addressing the matters described above. Additionally, Israeli courts might
not enforce judgments obtained in the United&nbsp;States against us or our non-U.S. directors and executive officers, which may make
it difficult to collect on judgments rendered against us or our non-U.S.&nbsp;officers and directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Moreover, an Israeli court will not enforce a
non-Israeli judgment if it was given in a state whose laws do not provide for the enforcement of judgments of Israeli courts (subject
to exceptional cases), if its enforcement is likely to prejudice the sovereignty or security of the State of Israel, if it was obtained
by fraud or in the absence of due process, if it is at variance with another valid judgment that was given in the same matter between
the same parties, or if a suit in the same matter between the same parties was pending before a court or tribunal in Israel at the time
the foreign action was brought. For more information, see &ldquo;Enforceability of Civil Liabilities.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 36; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Because we are a corporation incorporated
in British Columbia and some of our directors and officers are resident in Canada, it may be difficult for investors in the United&nbsp;States
to enforce civil liabilities against us based solely upon the federal securities laws of the United&nbsp;States. Similarly, it may be
difficult for Canadian investors to enforce civil liabilities against our directors and officers residing outside of Canada.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are a corporation incorporated under the laws
of British Columbia with our principal place of business in Montreal, Canada. Some of our directors and officers or other experts named
herein are residents of Canada and all or a substantial portion of our assets and those of such persons are located outside the United&nbsp;States.
Consequently, it may be difficult for U.S.&nbsp;investors to effect service of process within the United&nbsp;States upon us or our directors
or officers who are not residents of the United&nbsp;States, or to realize in the United&nbsp;States upon judgments of courts of the
United&nbsp;States predicated upon civil liabilities under the Securities Act. Investors should not assume that Canadian courts: (1)&nbsp;would
enforce judgments of U.S. courts obtained in actions against us or such persons predicated upon the civil liability provisions of the
U.S. federal securities laws or the securities or blue-sky laws of any state within the United States or (2) would enforce, in original
actions, liabilities against us or such persons predicated upon the U.S. federal securities laws or any such state securities or blue-sky
laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Similarly, some of our directors and officers
are residents of countries other than Canada and all or a substantial portion of the assets of such persons are located outside Canada.
As a result, it may be difficult for Canadian investors to initiate a lawsuit within Canada against these non-Canadian residents. In
addition, it may not be possible for Canadian investors to collect from these non-Canadian residents&rsquo; judgments obtained in courts
in Canada predicated on the civil liability provisions of securities legislation of certain of the provinces and territories of Canada.
It may also be difficult for Canadian investors to succeed in a lawsuit in the United&nbsp;States, based solely on violations of Canadian
securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>We have operations in China, which exposes
us to risks inherent in doing business there.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We use multiple third-party suppliers and manufacturers
based primarily in China. With the rapid development of the Chinese economy, the cost of labor has increased and may continue to increase
in the future. Furthermore, pursuant to Chinese labor laws, employers in China are subject to various requirements when signing labor
contracts, paying remuneration, determining the term of employees&rsquo; probation and unilaterally terminating labor contracts. Our
results of operations will be materially and adversely affected if the labor costs of our third-party suppliers and manufacturers increase
significantly. In addition, we and our manufacturers and suppliers may not be able to find a sufficient number of qualified workers due
to the intensely competitive and fluid market for skilled labor in China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Operating in China exposes us to political, legal
and economic risks. In particular, the political, legal and economic climate in China, both nationally and regionally, is fluid and unpredictable.
Our ability to utilize parties that operate in China may be adversely affected by changes in U.S.&nbsp;and Chinese laws and regulations
such as those related to, among other things, taxation, import and export tariffs, environmental regulations, land use rights, intellectual
property, currency controls, network security, employee benefits, hygiene supervision and other matters. In addition, we may not obtain
or retain the requisite legal permits to continue utilizing third-parties that operate in China, and costs or operational limitations
may be imposed in connection with obtaining and complying with such permits. In addition, Chinese trade regulations are in a state of
flux, and we may potentially become subject to other forms of taxation, tariffs and duties in China. Furthermore, the third parties we
rely on in China may disclose our confidential information or intellectual property to competitors or third parties, which could result
in the illegal distribution and sale of counterfeit versions of our products. If any of these events occur, our business, financial condition
and results of operations could be materially and adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, in 2022, there have been outbreaks
of the Omicron variant of the COVID-19 in Hong Kong and other cities in Mainland China resulting in central and local government ordered
lock downs restricting employees from their offices and factories, travel restrictions, mandatory COVID-19 tests, quarantine requirements
and/or closure of office buildings and facilities. Although our operations have not been materially and negatively impacted by such outbreaks
in 2022, the government authorities may issue new orders of lock-downs, office closures, travel and transportation restrictions in China
due to the resurgence of the COVID-19 and outbreak of new variants, which could have material negative impact to our business and financial
conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 37; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Operating outside of the United&nbsp;States
presents specific risks to our business, and we have substantial operations outside of the United&nbsp;States.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Most of our employee base and operations are
located outside the United&nbsp;States, primarily in Canada and Israel. Most of our software development, third-party contract manufacturing,
and product assembly operations are conducted outside the United&nbsp;States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Risks associated with operations outside the
United&nbsp;States include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">effectively managing
                                            and overseeing operations that are distant and remote from corporate headquarters may be
                                            difficult and may impose increased operating costs;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">fluctuating foreign
                                            currency rates could restrict sales, increase costs of purchasing, and impact collection
                                            of receivables outside of the United&nbsp;States;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">volatility in
                                            foreign credit markets may affect the financial well-being of our customers and suppliers;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">violations of
                                            anti-corruption laws, including the Foreign Corrupt Practices Act and the U.K.&nbsp;Bribery
                                            Act could result in large fines and penalties;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">violations of
                                            privacy and data security laws could result in large fines and penalties; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">tax disputes with
                                            foreign taxing authorities, and any resultant taxation in foreign jurisdictions associated
                                            with operations in such jurisdictions, including with respect to transfer pricing practices
                                            associated with such operations.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Foreign currency fluctuations may reduce
our competitiveness and sales in foreign markets.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The relative change in currency values creates
fluctuations in product pricing for international customers. These changes in foreign end-customer costs may result in lost orders and
reduce the competitiveness of our products in certain foreign markets. These changes may also negatively impact the financial condition
of some foreign customers and reduce or eliminate their future orders of our products. We also face adverse changes in, or uncertainty
of, local business laws or practices, including the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">foreign governments
                                            may impose burdensome tariffs, quotas, taxes, trade barriers, or capital flow restrictions;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">restrictions on
                                            the export or import of technology may reduce or eliminate the ability to sell in or purchase
                                            from certain markets;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">political and
                                            economic instability, including deterioration of political relations between the United&nbsp;States
                                            and other countries, may reduce demand for our solutions or put our non-U.S.&nbsp;assets
                                            at risk;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">potentially limited
                                            intellectual property protection in certain countries may limit recourse against infringing
                                            on our solutions or cause us to refrain from selling in certain geographic territories;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">staffing may be
                                            difficult along with higher turnover at international operations;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">a government-controlled
                                            exchange rate and limitations on the convertibility of currencies, including the Chinese
                                            yuan;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">transportation
                                            delays and customs related delays that may affect production and distribution of our products;
                                            and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">integration and
                                            enforcement of laws vary significantly among jurisdictions and may change significantly over
                                            time.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our failure to manage any of these risks successfully
could harm our international operations and adversely impact our business, operating results and financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 38; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Risks Related to Ownership of Our Securities</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The New Warrants and the Lind Waiver Warrants
are speculative in nature.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The New Warrants and the Lind Waiver Warrants owned
by the Selling Shareholders do not confer any rights of common share ownership on their holders, such as voting rights or the right to
receive dividends, but rather merely represent the right to acquire common shares at a fixed price for a limited period of time. Specifically,
commencing on the date of issuance, holders of the New Warrants and the Lind Waiver Warrants may exercise their right to acquire the common
shares and pay an exercise price of $0.20 per share (unless the cashless exercise option is exercised, in; which case the exercise price
would be effectively $0), prior to five years from the date of issuance, after which date any unexercised warrants will expire and have
no further value. As of March 29, 2023, the closing price of one common share on the Nasdaq was $0.201, making the New Warrants and the
Lind Waiver Warrants &ldquo;out-of-the-money&rdquo; if exercised at $0.20 per common share (but not if they are cashless exercised at
an exercise price of $0.00 per share). As long as the New Warrants and the Lind Waiver Warrants remain out-of-the-money, it is unlikely
that a significant number of them will be exercised. We cannot assure you that the price of our common shares will ever exceed the $0.20
per share exercise price of the New Warrants and the Lind Waiver Warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Holders of the New Warrants and the Lind
Waiver Warrants will have no rights as a common shareholder until they acquire our common shares.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Until holders of the New Warrants and the Lind
Waiver Warrants acquire common shares upon exercise of those warrants, the holders will have no rights with respect to the common shares
issuable upon exercise of those warrants. Upon exercise of those warrants, the holder will be entitled to exercise the rights of a common
shareholder as to the security exercised only as to matters for which the record date occurs after the exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>There is no public market for the New Warrants
and the Lind Waiver Warrants.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">There is no established public trading market
for the New Warrants and the Lind Waiver Warrants and we do not expect a market to develop. In addition, we do not intend to apply to
list the New Warrants and the Lind Waiver Warrants on any national securities exchange or other nationally recognized trading system,
including The Nasdaq Capital Market. Without an active trading market, the liquidity of the New Warrants and the Lind Waiver Warrants
will be limited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>We expect that our stock price will fluctuate
significantly, and you may not be able to resell your shares at or above the price you paid for your shares.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The trading price of our common shares is likely
to be volatile and subject to wide price fluctuations in response to various factors, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">market conditions
                                            in the broader stock market in general, or in our industry in particular;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">actual or anticipated
                                            fluctuations in our quarterly financial and operating results;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">introduction of
                                            new products and services by us or our competitors;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">sales, or anticipated
                                            sales, of large blocks of our stock;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"></P>

<!-- Field: Page; Sequence: 39; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">issuance of new
                                            or changed securities analysts&rsquo; reports or recommendations;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">failure of industry
                                            or securities analysts to maintain coverage of our Company, changes in financial estimates
                                            by any industry or securities analysts that follow our Company, or our failure to meet such
                                            estimates;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">additions or departures
                                            of key personnel;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">regulatory or
                                            political developments;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">changes in accounting
                                            principles or methodologies;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">acquisitions by
                                            us or by our competitors;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">litigation and
                                            governmental investigations; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">economic, political
                                            and geopolitical conditions or events.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These and other factors may cause the market
price and demand for our common shares to fluctuate substantially, which may limit or prevent investors from readily selling their common
shares and may otherwise negatively affect the liquidity of our common shares. If the market price of our common shares after this offering
does not exceed the price you paid, you may not realize any return on your investment in us and may lose some or all of your investment.
In addition, in the past, when the market price of a stock has been volatile, holders of that stock have often instituted securities
class action litigation against the company that issued the stock. If any of our stockholders brought a lawsuit against us, we could
incur substantial costs defending the lawsuit. Such a lawsuit could also divert the time and attention of our management from our business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> <B><I>We could lose our listing on the Nasdaq
Capital Market if the closing bid price of our common shares does not return to above $1.00 for ten consecutive&nbsp;days during the
180 days ending August 21, 2023. The loss of the Nasdaq listing would make our common shares significantly less liquid and would
affect their value.</I></B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> On September&nbsp;1, 2022, we announced that
the Company had received a notification letter dated August&nbsp;26, 2022 from the Listing Qualifications Department of The Nasdaq Stock
Market LLC, notifying the Company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq
Listing Rule&nbsp;5550(a)(2) (the &ldquo;Minimum Bid Price Rule&rdquo;), resulting from the fact that the closing bid price
of the Company&rsquo;s common shares was below&nbsp;$1.00&nbsp;per share for a period of thirty consecutive&nbsp;business days. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> Pursuant to Nasdaq Listing Rule 5810(c)(3)(A),
the Company had a compliance period of 180 calendar days, or until February 22, 2023 (the &ldquo;Compliance Period&rdquo;), to regain
compliance with the Nasdaq&rsquo;s Minimum Bid Price Rule. The Company did not regain compliance with the minimum $1.00 bid price per
share requirement during the first 180-calendar-day Compliance Period and submitted a written request to the Nasdaq to afford it an additional
180-day compliance period to cure the deficiency. On February 23, 2023, the Company received written notification from the Listing Qualifications
Department of Nasdaq granting the Company&rsquo;s request for a 180-day extension to regain compliance with Nasdaq&rsquo;s Minimum Bid
Price Rule. The Company now has until August 21, 2023 to meet this requirement. If at any time prior to August 21, 2023, the bid price
of the Company&rsquo;s common shares closes at $1.00 per share or more for a minimum of 10 consecutive business days, the Company will
regain compliance with the Minimum Bid Price Rule. If the Company does not regain compliance with the Minimum Bid Price Rule during the
additional 180-day extension, Nasdaq will provide written notification to the Company that its common shares will be delisted. At that
time, the Company may appeal the relevant delisting determination to a hearings panel pursuant to the procedures set forth in the applicable
Nasdaq Listing Rules. However, there can be no assurance that, if the Company does appeal the delisting determination by Nasdaq to the
hearings panel, that such appeal would be successful. Nor is there any assurance that the Company would obtain a further extension of
time to meet this requirement. The Company intends to actively monitor the closing bid price of its common shares and may, if appropriate,
consider implementing available options to regain compliance with the Minimum Bid Price Rule. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 40; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If the common shares are not listed on Nasdaq
at any time after this offering, we could face significant material adverse consequences, including:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">a limited availability
                                            of market quotations for our securities;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">reduced liquidity;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">a determination
                                            that the common shares are a &ldquo;penny stock&rdquo; which will require brokers trading
                                            in our shares to adhere to more stringent rules, possibly resulting in a reduced level of
                                            trading activity in the secondary trading market for the common shares;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">a limited amount
                                            of news and analyst coverage for our Company; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">a decreased ability
                                            to issue additional securities or obtain additional financing in the future.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Upon delisting from the Nasdaq Capital Market,
our common shares would be traded over-the-counter inter-dealer quotation system, more commonly known as the OTC.&nbsp;OTC transactions
involve risks in addition to those associated with transactions in securities traded on the securities exchanges, such as the Nasdaq
Capital Market (&ldquo;Exchange-listed Stocks&rdquo;). Many OTC stocks trade less frequently and in smaller volumes than Exchange-listed
Stocks. Accordingly, our stock would be less liquid than it would be otherwise. Also, the values of OTC stocks are often more volatile
than Exchange-listed Stocks. Additionally, institutional investors are usually prohibited from investing in OTC stocks, and it might
be more challenging to raise capital when needed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, if our common shares are delisted,
your ability to transfer or sell your common shares may be limited and the value of those securities will be materially adversely affected.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>If our common shares become subject to
the penny stock rules, it may be more difficult to sell our common shares.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The SEC has adopted rules&nbsp;that regulate
broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of
less than $5.00 (other than securities registered on certain national securities exchanges or authorized for quotation on certain automated
quotation systems, provided that current price and volume information with respect to transactions in such securities is provided by
the exchange or system). The OTC Bulletin Board does not meet such requirements and if the price of our common shares is less than $5.00
and our common shares are no longer listed on a national securities exchange such as Nasdaq, our stock may be deemed a penny stock. The
penny stock rules&nbsp;require a broker-dealer, at least two&nbsp;business days prior to a transaction in a penny stock not otherwise
exempt from those rules, to deliver to the customer a standardized risk disclosure document containing specified information and to obtain
from the customer a signed and dated acknowledgment of receipt of that document. In addition, the penny stock rules require that prior
to effecting any transaction in a penny stock not otherwise exempt from those rules, a broker-dealer must make a special written determination
that the penny stock is a suitable investment for the purchaser and receive: (i)&nbsp;the purchaser&rsquo;s written acknowledgment of
the receipt of a risk disclosure statement; (ii)&nbsp;a written agreement to transactions involving penny stocks; and (iii)&nbsp;a signed
and dated copy of a written suitability statement. These disclosure requirements may have the effect of reducing the trading activity
in the secondary market for our common shares, and therefore shareholders may have difficulty selling their shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 41; Value: 1 -->
    <DIV STYLE="border-bottom: Black 1.5pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>We will require additional capital to fund
our business and support our growth, and our inability to generate and obtain such capital on acceptable terms, or at all, could harm
our business, operating results, financial condition and prospects.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We intend to continue to make substantial investments
to fund our business and support our growth. In addition, we may require additional funds to respond to business challenges, including
the need to develop new features or enhance our solutions, improve our operating infrastructure or acquire or develop complementary businesses
and technologies. As a result, in addition to the revenues we generate from our business, we may need to engage in additional equity
or debt financings to provide the funds required for these and other business endeavors. If we raise additional funds through future
issuances of equity or convertible debt securities, our existing stockholders could suffer significant dilution, and any new equity securities
we issue could have rights, preferences and privileges superior to those of holders of our common shares. Any debt financing that we
may secure in the future could involve restrictive covenants relating to our capital raising activities and other financial and operational
matters, which may make it more difficult for us to obtain additional capital and to pursue business opportunities, including potential
acquisitions. We may not be able to obtain such additional financing on terms favorable to us, if at all. If we are unable to obtain
adequate financing or financing on terms satisfactory to us when we require it, our ability to continue to support our business growth
and to respond to business challenges could be significantly impaired, and our business may be adversely impacted. In addition, our inability
to generate or obtain the financial resources needed may require us to delay, scale back, or eliminate some or all of our operations,
which may have a significant adverse impact on our business, operating results and financial condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>If we fail to maintain proper and effective
internal controls, our ability to produce accurate financial statements on a timely basis could be impaired.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are subject to the reporting requirements of
the Exchange&nbsp;Act, the Sarbanes-Oxley Act and the rules and regulations of Nasdaq. The Sarbanes-Oxley Act requires, among other things,
that we maintain effective disclosure controls and procedures and internal controls over financial reporting. Internal control over financial
reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements in accordance with IFRS.&nbsp;We must perform system and process evaluation and testing of our internal controls
over financial reporting to allow management to report on the effectiveness of our internal controls over financial reporting in our Form&nbsp;20-F
filing for that year, as required by Section&nbsp;404 of the Sarbanes-Oxley Act. This will require that we incur substantial additional
professional fees and internal costs to expand our accounting and finance functions and that we expend significant management efforts.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the evaluation and testing process of
our internal controls, if we identify one or more material weaknesses in our internal control over financial reporting, we will be unable
to assert that our internal control over financial reporting is effective. We cannot assure you that there will not be material weaknesses
or significant deficiencies in our internal control over financial reporting in the future. Any failure to maintain internal control
over financial reporting could severely inhibit our ability to accurately report our financial condition or results of operations. If
we are unable to conclude that our internal control over financial reporting is effective, or if our independent registered public accounting
firm determines we have a material weakness or significant deficiency in our internal control over financial reporting, we could lose
investor confidence in the accuracy and completeness of our financial reports, the market price of our common shares could decline, and
we could be subject to sanctions or investigations by Nasdaq, the SEC, or other regulatory authorities. Failure to remedy any material
weakness in our internal control over financial reporting, or to implement or maintain other effective control systems required of public
companies, could also restrict our future access to the capital markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 42; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Because we are a foreign private issuer
and are exempt from certain Nasdaq corporate governance standards applicable to U.S.&nbsp;issuers, you will have less protection than
you would have if we were a domestic issuer.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nasdaq Listing Rules require listed companies
to have, among other things, a majority of its board members be independent. As a foreign private issuer, however, we are permitted to,
and we may follow home country practice in lieu of the above requirements, or we may choose to comply with the above requirement within
one year of listing. The corporate governance practice in our home country does not require a majority of our board to consist of independent
directors. Thus, although a director must act in the best interests of the Company, it is possible that fewer board members will be exercising
independent judgment and the level of board oversight on the management of our company may decrease as a result. In addition, Nasdaq
Listing Rules also require foreign private issuers to have a compensation committee, a nominating/corporate governance committee composed
entirely of independent directors, and an audit committee with a minimum of three members. We, as a foreign private issuer, are not subject
to these requirements. Nasdaq Listing Rules may require shareholder approval for certain corporate matters, such as requiring that shareholders
be given the opportunity to vote on all equity compensation plans and material revisions to those plans, and certain common share issuances.
We intend to comply with the requirements of Nasdaq Listing Rules in determining whether shareholder approval is required on such matters
and to appoint a nominating and corporate governance committee. We may, however, consider following home country practice in lieu of
the requirements under Nasdaq Listing Rules with respect to certain corporate governance standards which may afford less protection to
investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>We may lose our foreign private issuer
status in the future, which could result in significant additional costs and expenses.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As discussed above, we are a foreign private
issuer, and therefore, we are not required to comply with all of the periodic disclosure and current reporting requirements of the Exchange&nbsp;Act.
In the future, we would lose our foreign private issuer status if (i)&nbsp;more than 50% of our outstanding voting securities are owned
by U.S.&nbsp;residents and (ii)&nbsp;a majority of our directors or executive officers are U.S.&nbsp;citizens or residents, or we fail
to meet additional requirements necessary to avoid loss of foreign private issuer status. If we lose our foreign private issuer status,
we will be required to file with the SEC periodic reports and registration statements on U.S.&nbsp;domestic issuer forms, which are more
detailed and extensive than the forms available to a foreign private issuer. We will also have to mandatorily comply with U.S.&nbsp;federal
proxy requirements, and our officers, directors and principal shareholders will become subject to the short-swing profit disclosure and
recovery provisions of Section&nbsp;16 of the Exchange&nbsp;Act. In addition, we will lose our ability to rely upon exemptions from certain
corporate governance requirements under the listing rules of the Nasdaq. As a U.S.&nbsp;listed public company that is not a foreign private
issuer, we will incur significant additional legal, accounting and other expenses that we will not incur as a foreign private issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>We will continue to incur significant increased
costs as a result of operating as a public company in the United&nbsp;States, and our management will be required to devote substantial
time to new compliance initiatives.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a public company in the United&nbsp;States,
we incur significant legal, accounting and other expenses. We are subject to the reporting requirements of the Securities Exchange&nbsp;Act&nbsp;of&nbsp;1934,
as amended, which requires, among other things, that we file with the SEC annual and current reports with respect to our business and
financial condition. In addition, the Sarbanes-Oxley Act, as well as rules subsequently adopted by the SEC and Nasdaq to implement provisions
of the Sarbanes-Oxley Act, impose significant requirements on public companies, including requiring establishment and maintenance of
effective disclosure and financial controls and changes in corporate governance practices. Further, in July&nbsp;2010, the Dodd-Frank
Wall Street Reform and Consumer Protection Act (the &ldquo;Dodd-Frank Act&rdquo;), was enacted. There are significant corporate governance
and executive-compensation-related provisions in the Dodd-Frank Act that require the SEC to adopt additional rules and regulations in
these areas. Recent legislation permits emerging growth companies to implement many of these requirements over a longer period and up
to five&nbsp;years from the pricing of our public offering. We intend to take advantage of this new legislation, but cannot assure you
that we will not be required to implement these requirements sooner than planned and thereby incur unexpected expenses. Stockholder activism,
the current political environment and the current high level of government intervention and regulatory reform may lead to substantial
new regulations and disclosure obligations, which may lead to additional compliance costs and impact the manner in which we operate our
business in ways we cannot currently anticipate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 43; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The rules and regulations applicable to public
companies substantially increase our legal and financial compliance costs and make some activities more time-consuming and costly. If
these requirements divert the attention of our management and personnel from other business concerns, they could have a material adverse
effect on our business, financial condition and results of operations. The increased costs will decrease our net income or increase our
consolidated net loss, and may require us to reduce costs in other areas of our business or increase the prices of our products or services.
For example, we expect these rules and regulations to make it more difficult and more expensive for us to obtain director and officer
liability insurance and we may be required to incur substantial costs to maintain the same or similar coverage. We cannot predict or
estimate the amount or timing of additional costs we may incur to respond to these requirements. The impact of these requirements could
also make it more difficult for us to attract and retain qualified persons to serve on our board of directors, our board committees or
as executive officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Our executive officers and directors, and
their affiliated entities, along with our two other largest stockholders, own a significant percentage of our stock and will be able
to exert significant control over matters subject to stockholder approval</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of the date of this prospectus, our executive
officers and directors, together with entities affiliated with such individuals, along with our two other largest stockholders, beneficially
own approximately 31.6% of our common shares. Accordingly, these stockholders may, as a practical matter, continue to be able to control
the election of a majority of our directors and the determination of all corporate actions. This concentration of ownership could delay
or prevent a change in control of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The exercise of the outstanding warrants
may further dilute the common shares and adversely impact the price of our common shares.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> As of March 30, 2023, we had 62,911,417 common shares issued and outstanding
and, if all of the warrants are exercised for the common shares to be sold by the Selling Shareholders are sold in this offering, we will
have an additional 19,781,987 common shares outstanding for a total of 83,943,404 common shares issued and outstanding. The Company has
other outstanding unexercised warrants and agents&rsquo; options to purchase 14,031,591 common shares as of March 30, 2023 that expire
between June 30, 2024 and March 8, 2027. If the holders of our free trading shares wanted to sell these shares, there might not be enough
purchasers to maintain the market price of our common shares on the date of such sales. Any such sales, or the fear of such sales, could
substantially decrease the market price of our common shares and the value of your investment. A decline in the price of shares of our
common shares might impede our ability to raise capital through the issuance of additional common shares or other equity securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>The market for our common shares may not
provide investors with adequate liquidity.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Liquidity of the market for our common shares
depends on a number of factors, including our financial condition and operating results, the number of holders of our common shares,
the market for similar securities and the interest of securities dealers in making a market in the securities. We cannot predict the
extent to which investor interest in the Company will maintain a trading market in our common shares, or how liquid that market will
be. If an active market is not maintained, investors may have difficulty selling common shares that they hold.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Since we do not expect to pay any cash
dividends for the foreseeable future, investors in this offering may be forced to sell their stock in order to obtain a return on their
investment.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We do not anticipate declaring or paying in the
foreseeable future any cash dividends on our capital stock. Instead, we plan to retain any earnings to finance our operations and growth
plans discussed elsewhere or incorporated by reference in this prospectus. Accordingly, investors must rely on sales of their common
shares after price appreciation, which may never occur, as the only way to realize any return on their investment. As a result, investors
seeking cash dividends should not purchase our common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 44; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>If securities or industry analysts do not
publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The trading market for our securities will depend
in part on the research and reports that securities or industry analysts publish about us or our business. Securities and industry analysts
do not currently, and may never, publish research on our Company. If no securities or industry analysts commence coverage of our Company,
the trading price for our securities would likely be negatively impacted. In the event securities or industry analysts initiate coverage,
if one or more of the analysts who covers us downgrades our stock or publishes inaccurate or unfavourable research about our business,
our stock price may decline. If one or more of these analysts ceases coverage of our Company or fails to publish reports on us regularly,
demand for our securities could decrease, which might cause our stock price and trading volume to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>A possible &ldquo;short squeeze&rdquo;
due to a sudden increase in demand of our common shares that largely exceeds supply may lead to price volatility in our common shares.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investors may purchase our common shares to hedge
existing exposure in our common shares or to speculate on the price of our common shares. Speculation on the price of our common shares
may involve long and short exposures. To the extent aggregate short exposure exceeds the number of our common shares available for purchase
in the open market, investors with short exposure may have to pay a premium to repurchase our common shares for delivery to lenders of
our common shares. Those repurchases may in turn, dramatically increase the price of our common shares until investors with short exposure
are able to purchase additional common shares to cover their short position. This is often referred to as a &ldquo;short squeeze.&rdquo;
A short squeeze could lead to volatile price movements in our common shares that are not directly correlated to the performance or prospects
of our common shares and once investors purchase the common shares necessary to cover their short position the price of our common shares
may decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>We have broad discretion in the use of
the net proceeds from this offering and may not use them effectively.</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our management will have broad discretion in
the application of the net proceeds from the cash exercise of the New Warrants, including for any of the purposes described in the section
entitled &ldquo;Use of Proceeds,&rdquo; and you will not have the opportunity as part of your investment decision to assess whether the
net proceeds will be used appropriately. Because of the number and variability of factors that will determine our use of the net proceeds
from the cash exercise of the New Warrants, their ultimate use may vary substantially from their currently intended use. Our management
might not apply our net proceeds in ways that ultimately increase the value of your investment. We currently intend to use the net proceeds
from the cash exercise of the New Warrants to expand marketing and brand enhancement related to our products, to fund our ongoing research
and development activities, for personnel development and training and for resource management software development. Our expected use
of net proceeds from the cash exercise of the New Warrants represents our current intentions based upon our present plans and business
condition. As of the date of this prospectus, we cannot predict with certainty all of the particular uses for the net proceeds to be
received upon the completion of this offering, or the amounts that we will actually spend on the uses set forth above. The amounts and
timing of our actual use of the net proceeds will vary depending on numerous factors, including the commercial success of our systems
and the costs of our research and development activities, as well as the amount of cash used in our operations. As a result, our management
will have broad discretion in the application of the net proceeds, and investors will be relying on our judgment regarding the application
of the net proceeds of this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The failure by our management to apply these
funds effectively could harm our business. Pending their use, we may invest the net proceeds from this offering in short-term, investment-grade,
interest-bearing securities. These investments may not yield a favorable return to our stockholders. If we do not invest or apply the
net proceeds from this offering in ways that enhance stockholder value, we may fail to achieve expected financial results, which could
cause our stock price to decline.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 45; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_004"></A>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus contains forward-looking statements
that reflect our current expectations and views of future events, all of which are subject to risks and uncertainties. Forward-looking
statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not
relate strictly to historical or current facts. You can find many (but not all) of these statements by the use of words such as &ldquo;approximates,&rdquo;
&ldquo;believes,&rdquo; &ldquo;hopes,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;estimates,&rdquo; &ldquo;projects,&rdquo;
&ldquo;intends,&rdquo; &ldquo;plans,&rdquo; &ldquo;will,&rdquo; &ldquo;would,&rdquo; &ldquo;should,&rdquo; &ldquo;could,&rdquo; &ldquo;may&rdquo;
or other similar expressions in this prospectus. These statements are likely to address our growth strategy, financial results and product
and development programs. You must carefully consider any such statements and should understand that many factors could cause actual
results to differ from our forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other
risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual
future results may vary materially. Factors that could cause actual results to differ from those discussed in the forward-looking statements
include, but are not limited to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the size and growth
                                            potential of the markets for our products, and our ability to serve those markets;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the rate and degree
                                            of market acceptance of our products;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            expand our sales organization to address effectively existing and new markets that we intend
                                            to target;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">impact from future
                                            regulatory, judicial, and legislative changes or developments in the U.S.&nbsp;and foreign
                                            countries;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            compete effectively in a competitive industry;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            obtain funding for our operations;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            attract collaborators and strategic partnerships;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            continue to meet the Nasdaq requirements;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            meet our other financial operating objectives;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the availability
                                            of qualified employees for our business operations;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">general business
                                            and economic conditions;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            meet our financial obligations as they become due;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">positive cash
                                            flows and financial viability of our operations and new business opportunities;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">ability to secure
                                            intellectual property rights over our proprietary products or enter into license agreements
                                            to secure the legal use of certain patents an intellectual property;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            be successful in new markets;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our ability to
                                            avoid infringement of intellectual property rights; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the positive cash
                                            flows and financial viability of our operations and new business opportunities</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We describe certain material risks, uncertainties,
and assumptions that could affect our business, including our financial condition and results of operations, under &ldquo;Risk Factors.&rdquo;
We base our forward-looking statements on our management&rsquo;s beliefs and assumptions based on information available to our management
at the time the statements are made. We caution you that actual outcomes and results may, and are likely to, differ materially from what
is expressed, implied or forecast by our forward-looking statements. Accordingly, you should be careful about relying on any forward-looking
statements. Except as required under the federal securities laws, we do not have any intention or obligation to update publicly any forward-looking
statements after the distribution of this prospectus, whether as a result of new information, future events, changes in assumptions,
or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 46; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_005"></A>ENFORCEABILITY OF CIVIL LIABILITIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are incorporated under the laws of British
Columbia. Some of our directors and officers, and some of the experts named in this prospectus, are residents of Canada, Israel or otherwise
reside outside of the United&nbsp;States, and all or a substantial portion of their assets, and all or a substantial portion of our assets,
are located outside of the United&nbsp;States. We have appointed an agent for service of process in the United&nbsp;States, but it may
be difficult for shareholders who reside in the United&nbsp;States to effect service within the United&nbsp;States upon those directors,
officers and experts who are not residents of the United&nbsp;States. It may also be difficult for shareholders who reside in the United&nbsp;States
to realize in the United&nbsp;States upon judgments of courts of the United&nbsp;States predicated upon our civil liability and the civil
liability of our directors, officers and experts under the United&nbsp;States federal securities laws. Furthermore, because substantially
all of our assets and substantially all of our directors and officers are located outside the United&nbsp;States, any judgment obtained
in the United&nbsp;States against us or any of our directors and officers may not be collectible within the United&nbsp;States. There
can be no assurance that U.S.&nbsp;investors will be able to enforce against us, members of our board of directors, officers or certain
experts named herein who are residents of Canada, Israel or other countries outside the United&nbsp;States, any judgments in civil and
commercial matters, including judgments under the federal securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Service of process upon directors and officers
who reside in Israel may be difficult to obtain within the United&nbsp;States. Furthermore, because substantially all of our assets and
substantially all of our Israeli directors and officers are located outside the United&nbsp;States, any judgment obtained in the United&nbsp;States
against us or any of our Israeli directors and officers may not be collectible within the United&nbsp;States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have been informed by our legal counsel in
Israel, Naschitz, Brandes, Amir&nbsp;&amp; Co., Advocates, that it may be difficult to assert U.S.&nbsp;securities laws claims in original
actions instituted in Israel. Israeli courts may refuse to hear a claim based on a violation of U.S.&nbsp;securities laws because Israel
is not the most appropriate forum in which to bring such a claim. In addition, even if an Israeli court agrees to hear a claim, it may
determine that Israeli law and not U.S.&nbsp;law is applicable to the claim. If U.S.&nbsp;law is found to be applicable, the content
of applicable U.S.&nbsp;law must be proven as a fact which can be a time-consuming and costly process. Matters of procedure will also
be governed by Israeli law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Subject to specified time limitations and legal
procedures, Israeli courts may enforce a U.S.&nbsp;judgment in a civil matter which is non- appealable, provided that, among other things:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the judgment was
                                            rendered by a court of competent jurisdiction, according to the laws of the state in which
                                            the judgment is given;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the judgment is
                                            enforceable according to the laws of Israel and according to the law of the foreign state
                                            in which the relief was granted; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the judgment is
                                            not contrary to public policy of Israel.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Even if such conditions are met, an Israeli court
may not declare a foreign civil judgment enforceable if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the prevailing
                                            law of the foreign state in which the judgment is rendered does not allow for the enforcement
                                            of judgments of Israeli courts (subject to exceptional cases);</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the defendant
                                            did not have a reasonable opportunity to be heard and to present his or her evidence, in
                                            the opinion of the Israeli court;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the enforcement
                                            of the civil liabilities set forth in the judgment is likely to impair the security or sovereignty
                                            of Israel;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the judgment was
                                            obtained by fraud;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the judgment was
                                            rendered by a court not competent to render it according to the rules of private international
                                            law prevailing in Israel;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the judgment conflicts
                                            with any other valid judgment in the same matter between the same parties; or</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">an action between
                                            the same parties in the same matter was pending in any Israeli court or tribunal at the time
                                            at which the lawsuit was instituted in the foreign court.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If a foreign judgment is enforced by an Israeli
court, it generally will be payable in Israeli currency, which can then be converted into non-Israeli currency and transferred out of
Israel. The usual practice in an action before an Israeli court to recover an amount in a non-Israeli currency is for the Israeli court
to issue a judgment for the equivalent amount in Israeli currency at the rate of exchange in force on the date of the judgment, but the
judgment debtor may make payment in foreign currency. Pending collection, the amount of the judgment of an Israeli court stated in Israeli
currency ordinarily will be linked to the Israeli consumer price index plus interest at the annual statutory rate set by Israeli regulations
prevailing at the time. Judgment creditors must bear the risk of unfavorable exchange rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Further, we are organized under the laws of British
Columbia, Canada. Service of process upon us and upon certain of our directors and officers and the experts named in this prospectus,
who reside outside the U.S., may be difficult to obtain within the U.S. Furthermore, because a substantial amount of our assets and certain
of our directors and officers are located outside the U.S., any judgment obtained in the U.S. against us or any of our directors and officers
may not be collectible within the U.S.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have also been advised by Canadian legal counsel
that there is doubt as to the enforceability, in original actions in Canadian courts, of liabilities based on the U.S. federal securities
laws or &ldquo;blue sky&rdquo; laws of any state within the United States and as to the enforceability in Canadian courts of judgments
of U.S. courts obtained in actions based on the civil liability provisions of the U.S. federal securities laws or any such state securities
or blue sky laws. Therefore, it may not be possible to enforce those judgments against us, certain of our directors and officers, or
the experts named in this prospectus. See &ldquo;Risk Factors - It may be difficult to enforce a U.S.&nbsp;judgment against us, our officers
and directors named in our annual report on Form&nbsp;20-F in Israel or the United&nbsp;States, or to assert U.S.&nbsp;securities laws
claims in Israel or serve process on our officers and directors.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 47; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_006"></A>CAPITALIZATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> The following table sets forth our capitalization as of September 30,
2022 on: (i) an actual basis; (ii) on a pro forma basis to reflect:; (A) the issuance of 18,042,857 registered common shares by the Company
at $0.00 per share pursuant to the Exercise, (B) the issuance of 1,739,130 Lind Waiver Warrants to Lind at an assumed exercise price of
$0.00 per common share, and (C) the issuance of shares to repay the balance of the promissory note, all as of March 30, 2023; and (iii)
on a pro forma as adjusted basis to reflect: (A) the exercise of all of the 1,250,000 common share warrants that are outstanding at an
exercise price of $0.00 per share (which shares were registered in a previous offering&nbsp;and may be exercised by the Selling Shareholders);
(B) the issuance of 18,042,857 common shares registered in this offering by the Company at an exercise price of $0.00 per share pursuant
to the Exercise, and (C) the issuance of 1,739,130 common shares issuable upon the exercise of the Lind Waiver Warrants at an exercise
price of $0.00 per common share, all as of March 30, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> &nbsp; </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Actual&nbsp;As&nbsp;of <BR> September&nbsp;30, <BR> 2022</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Pro&nbsp;Forma</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1.5pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Pro-Forma as Adjusted</TD><TD STYLE="padding-bottom: 1.5pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 64%; text-align: left">Cash and cash equivalents</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">1,619,742</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">8,457,815</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right"><P STYLE="margin: 0pt 0">8,393,492</P></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warrant Liability<SUP>(2), (5)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,529,166</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">4,568,051</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,239,892</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Lease Obligations (short and long term)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">830,930</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">830,930</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">830,930</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total liabilities not included in capitalization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,360,096</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">5,398,981</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">2,070,822</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Total Outstanding Long-Term Debt</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">631,729</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-weight: bold; text-align: left">Stockholders&rsquo; Equity</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-indent: -10pt; padding-left: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Common shares, no par value: unlimited shares authorized; 17,071,028 shares actual; 62,911,417 shares pro forma<SUP>(1),(3),(5)</SUP>; 83,943,404 pro-forma as adjusted</FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">69,997,293</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">76,899,905</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">80,475,343</P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD>Reserves</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">13,175,439</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">13,175,439</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">13,175,439</P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">Accumulated Other Comprehensive Income (loss)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(177,367</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(177,367</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(177,367</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholders&rsquo; Deficit<SUP>(4)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(71,230,357</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(75,860,331</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(76,171,933</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Total Shareholders&rsquo; Equity<SUP>(1),(2),(3)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">11,765,008</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">14,037,646</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">17,301,482</P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">Total Capitalization</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">12,396,737</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">14,037,646</P></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right"><P STYLE="margin: 0pt 0">17,301,482</P></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT> </TD><TD STYLE="text-align: justify"> The number of shares of our common shares to be outstanding after this
offering is based on 83,943,404 common shares outstanding as of March 30, 2023. That number assumes the sale of all 19,781,987 common
shares by the Selling Shareholders in this offering and excludes: </TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">1,506,138 common
                                            shares issuable upon the exercise of stock options outstanding under our 2016 Stock Option
                                            Plan as amended, with a weighted-average exercise price of $3.53 per share;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">3,165,000 common
                                            shares issuable upon the exercise of restricted share units outstanding under the 2016 Stock
                                            Option Plan, as amended;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">10,725,482 common
                                            shares reserved for future issuance under our 2016 Stock Option Plan; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">15,281,591 common
                                            shares issuable upon the exercise of outstanding warrants with a weighted average exercise
                                            price of $3.54&nbsp;per share,</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">Warrant Liability: A
                                            valuation report to determine the fair value of the Lind Waiver Warrants and of that were
                                            issued in the Company&rsquo;s public offering that closed on October 12, 2022 (&ldquo;Prior
                                            Offering&rdquo;) indicated a fair value of $1,810,400 for the New Warrants and a fair value
                                            of the Lind Waiver Warrants of $180,900.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">Share&nbsp;Capital: The
                                            residual value method was utilized to allocate the total proceeds of the issuance of the
                                            Company&rsquo;s securities in the Prior Offering. The residual value allocated to the share
                                            capital was $1,953,300 and $357,399 to share issuance costs (included in share capital amount)
                                            with the excess of $371,986 allocated to transaction costs as an expense.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(4)</TD><TD STYLE="text-align: justify">Shareholders&rsquo; Deficit:
                                            The share issuance costs of the Prior Offering were bi-furcated proportionally based on the
                                            fair value of the warrants and of the share capital, which was estimated by management as
                                            $371,986 to shareholders&rsquo; deficit from the warrants and $357,399 allocated to the share
                                            issuance costs from the share capital.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">(5)</TD><TD STYLE="text-align: justify">The residual value method
                                            is utilized to allocate the total proceeds of the issuance for in the Prior Offering.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 48; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><A NAME="k_007"></A>DILUTION</B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you invest in our common shares in this offering,
your ownership interest will increase immediately to the extent of the difference between the public offering price per common share
and the as adjusted net tangible book value per common share immediately after this offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our net tangible book value as of September 30,
2022 before this offering, which has been adjusted for the issuance of 10,397,532 common shares to repay $1,200,000 of face value principal
of the Lind promissory note, the issuance of 15,810,000 common shares in the Prior Offering, the issuance of 1,590,000 pre-funded warrants
that were exercised into common shares, the issuance of 1,739,130 Lind Waiver Warrants, the issuance of 18,042,857 common shares pursuant
to the Exercise at $0.20 per share, was approximately $9,800,991, or approximately $0.156 per share. Our net tangible book value is the
amount of our total tangible assets less our total liabilities. Net tangible book value per share represents net tangible book value
divided by the 62,911,417 common shares outstanding before this offering (as adjusted above) as of September 30, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> For illustrative purposes, after giving effect
to: (i)&nbsp;the exercise of all of the outstanding New Warrants by the Selling Stockholders at the exercise price of $0.00 per share
which would result in gross proceeds to us of $0.00; (ii)&nbsp;assuming that all of such exercised 19,781,987 common shares were sold
by the Selling Shareholders in this offering (the proceeds of which would not be received by the Company), and, our pro-forma net tangible
book value as of September 30, 2022 after this offering would be approximately $9,800,991, or approximately $0.156 per share. Pro-forma
as adjusted net tangible book value per share represents net tangible book value divided by the 83,943,404 common shares outstanding
after this offering (as adjusted above) as of September 30, 2022. This represents an immediate increase in net tangible book value of
$0.00 per share to existing stockholders and immediate increase in net tangible book value of $0.156 per share to investors purchasing
our common shares in this offering at the assumed public offering price. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table illustrates the dilution
described in the paragraph above on a&nbsp;per-share&nbsp;basis:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 88%">Net tangible book value per as of September 30, 2022</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">0.33</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-align: left">Net tangible book value on a pro-forma basis per share before this offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.156</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in">Net tangible book value per share as of September 30, 2022 (as adjusted above)&nbsp;after this offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.156</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in; text-align: left">Decrease in net tangible book value per share attributable to this offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.00</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Assumed public offering price per share<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">-</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net tangible book value per share as of September 30,
    2022 (as adjusted above) after this offering<SUP>(1)</SUP></FONT></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.156</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-left: 0.125in; text-align: left">Increase per share to new investors purchasing common shares in this offering</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">0.156</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The number of common shares to be outstanding after this offering is
based on 83,943,404 common shares outstanding as of March 30, 2023. That number assumes the sale of all 19,781,987 common shares by the
Selling Shareholders in this offering and the sale of all previously registered 1,250,000 common shares by the Selling Shareholders and
excludes:</FONT> </TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">1,506,138 common
                                            shares issuable upon the exercise of stock options outstanding under our 2016 Stock Option
                                            Plan as amended, with a weighted-average exercise price of $3.53 per share;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">3,165,000 common
                                            shares issuable upon the exercise of restricted share units outstanding under the 2016 Stock
                                            Option Plan, as amended;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">10,725,482 common
                                            shares reserved for future issuance under our 2016 Stock Option Plan; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">15,281,591 common
                                            shares issuable upon the exercise of outstanding warrants with a weighted average exercise
                                            price of $3.54&nbsp;per share.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 49; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_008"></A>USE OF PROCEEDS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The exercise price for the common shares underlying
the New Warrants is $0.20 per share unless the holder of the New Warrant elects to effect an &ldquo;alternative cashless exercise&rdquo;
on or after the earlier of: (i) one hundred and eighty (180) day anniversary of the initial exercise date (January 19, 2023) or (ii)
the day after the effectiveness of the registration statement of which this prospectus is a part. Based upon an assumed exercise price
of $0.00 per share, we will not receive any proceeds from the cashless exercise of the New Warrants. We will incur estimated expenses
of $64,323 in this offering for, among other things, our legal and accounting expenses and for registering the common shares covered
by this prospectus. The Selling Shareholders will be liable for any brokerage commissions and/or similar charges incurred in connection
with the sale of their common shares covered hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_009"></A>MARKET INFORMATION FOR SECURITIES AND DIVIDEND
POLICY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Market Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Our common shares and listed warrants currently trade
on Nasdaq under the symbols &ldquo;SYTA&rdquo; and &ldquo;SYTAW,&rdquo; respectively. The New Warrants were issued in private placement
and are not listed for trading on the Nasdaq or any other trading platform. As of March 30, 2023, there were approximately 39 holders
of record of our common shares and 1 holder of record of our listed warrants. The closing price of one common share on the Nasdaq on March
29, 2023 was $0.201.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Dividend Policy</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have never declared or paid any dividends
on our common shares. We currently intend to retain any future earnings to fund business development and growth, and we do not expect
to pay any dividends in the foreseeable future. Any future determination to declare cash dividends will be made at the discretion of
our board of directors, subject to applicable laws, and will depend on a number of factors, including our financial condition, results
of operations, capital requirements, contractual restrictions, general business conditions and other factors that our board of directors
may deem relevant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_010"></A>DETERMINATION OF OFFERING PRICE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> The exercise price for the common shares underlying
the New Warrants is $0.20 per share unless the holder of the New Warrant elects to effect an &ldquo;alternative cashless exercise&rdquo;
on or after the earlier of: (i) one hundred and eighty (180) day anniversary of the initial exercise date (January 19, 2023) or (ii)
the day after the effectiveness of the registration statement of which this prospectus is a part, in which case the exercise price will
be $0.00. We cannot currently determine the price or prices at which common shares may be sold by the Selling Shareholders under this
prospectus. </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 50; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_011"></A>SELLING SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus covers the possible resale by
the Selling Shareholders identified in the table below of up to 19,781,987 common shares issuable upon the exercise of the New Warrants
and the Lind Waiver Warrants. Certain of the Selling Shareholders acquired the New Warrants in a private placement pursuant to the Warrant
Exercise Agreements on January 19, 2023 and Lind acquired the Lind Waiver Warrants pursuant to the Securities Purchase Agreement on October
12, 2022. We are filing the registration statement on Form F-1, of which this prospectus is a part. After the exercise of their New Warrants
and/or of the Lind Waiver Warrants, in whole or in part, the Selling Shareholders may sell some, all or none of their common shares.
We do not know how long the Selling Shareholders will hold the New Warrants or the Lind Waiver Warrants, whether any Selling Shareholders
will exercise the New Warrants or the Lind Waiver Warrants, and upon such exercise, how long such Selling Shareholders will hold the
common shares before selling them, and we currently have no agreements, arrangements or understandings with the Selling Shareholders
regarding the sale of any of the common shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> The following table presents information regarding the Selling Shareholders
and the common shares that each may offer and sell from time to time under this prospectus. The table is prepared based on information
supplied to us by the Selling Shareholders, and reflects their respective holdings as of March 30, 2023, unless otherwise noted in the
footnotes to the table. Beneficial ownership is determined in accordance with the rules of the SEC, and thus represents voting or investment
power with respect to our securities. Under such rules, beneficial ownership includes any common shares over which the individual has
sole or shared voting power or investment power as well as any shares that the individual has the right to acquire within 60 days after
the date of this table, including the New Warrants and the Lind Waiver Warrants. To our knowledge and subject to applicable community
property rules, except as otherwise set forth below, the persons and entities named in the table have sole voting and sole investment
power with respect to all equity interests beneficially owned. The percentage of shares beneficially owned before and after the offering
is based on 83,943,404 our common shares actually outstanding as of March&nbsp;30, 2023&nbsp;plus the total of the common shares subject
to the New Warrants and the Lind Waiver Warrants.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Selling
    Shareholder</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shares
    <BR>
    Beneficially <BR>
    Owned&nbsp;Before <BR>
    this&nbsp;Offering<SUP>(1)</SUP></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage&nbsp;of
    <BR>
    Outstanding <BR>
    Shares <BR>
    Beneficially <BR>
    Owned <BR>
    Before <BR>
    this&nbsp;Offering</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shares
    <BR>
    to be Sold <BR>
    in this <BR>
    Offering</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shares
    <BR>
    Beneficially <BR>
    Owned After <BR>
    this Offering</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage&nbsp;of
    <BR>
    Outstanding <BR>
    Shares <BR>
    Beneficially <BR>
    Owned&nbsp;After <BR>
    this Offering<SUP>(1)</SUP></B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Anson
    Investments Master Fund LP<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,212,500</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.6</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,800,000</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">412,500</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.5</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Armistice
    Capital Master Fund Ltd<SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,865,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.8</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,915,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">950,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Bigger
    Capital Fund, <BR>
    LP<SUP>(4)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,487,500</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.8</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,100,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">387,500</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.5</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">District
    2 Capital Fund LP<SUP>(5)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,487,500</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.8</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,100,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">387,500</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.5</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CVI
    Investments, Inc.<SUP>(6)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,150,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.6</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">400,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,750,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Funicular
    Funds, LP<SUP>(7)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">700,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.8</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">700,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.0</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hudson
    Bay Master Fund Ltd.<SUP>(8)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,605,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,735,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">870,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.0</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">KBB
    Asset Management LLC<SUP>(9)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">500,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.6</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">500,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.0</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">L1
    Capital Global Opportunities Master Fund<SUP>(10)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,580,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.9</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,225,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">355,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.4</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Selling
    Shareholder</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shares
    <BR>
    Beneficially <BR>
    Owned&nbsp;Before <BR>
    this&nbsp;Offering<SUP>(1)</SUP></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage&nbsp;of
    <BR>
    Outstanding <BR>
    Shares <BR>
    Beneficially <BR>
    Owned <BR>
    Before <BR>
    this&nbsp;Offering</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shares
    <BR>
    to be Sold <BR>
    in this <BR>
    Offering</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Shares
    <BR>
    Beneficially <BR>
    Owned After <BR>
    this Offering</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1.5pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Percentage&nbsp;of
    <BR>
    Outstanding <BR>
    Shares <BR>
    Beneficially <BR>
    Owned&nbsp;After <BR>
    this Offering<SUP>(1)</SUP></B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lind
    Global Macro Fund, LP<SUP>(11)</SUP></FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,297,500</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.5</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">862,500</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">435,000</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.5</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lind
    Global Fund&nbsp;II, LP<SUP>(12)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,929,487</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.9</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,755,357</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,174,130</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.6</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">S.H.N.&nbsp;Financial
    Investments Ltd.<SUP>(13)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">800,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.0</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">600,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">200,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.2</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Walleye
    Opportunities Master Fund Ltd.<SUP>(14)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.0</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="text-indent: -0.125in; padding-left: 0.125in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Warberg
    WF&nbsp;X LP<SUP>(15)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">350,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.4</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">350,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0.0</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24pt; text-align: justify; text-indent: -24pt"></P>


<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(1)</TD><TD STYLE="text-align: justify">Includes the shares underlying the New Warrants, the Lind Waiver Warrants for Lind as well as the
                                                                                warrants for 1,250,000 previously registered common shares held by the same Selling Shareholders as if all New Warrants, Lind
                                                                                Waiver Warrants and prior warrants have been exercised. Assumes all common shares offered hereby by the Selling Shareholders and the
                                                                                previously registered common shares are sold and that the Selling Shareholders buy or sell no additional common shares prior
                                                                                to the completion of this offering.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 51; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(2)</TD><TD STYLE="text-align: justify">Consists of (i) 412,500 common shares, and (ii)&nbsp;1,800,000
common shares issuable upon the exercise of New Warrants. Anson Advisors Inc. and Anson Funds Management LP, the Co-Investment Advisers
of Anson Investments Master Fund LP (&ldquo;AIMF&rdquo;) hold voting and dispositive power over the common shares held and to be held
by Anson. Bruce Winson is the managing member of Anson Management GP LLC, which is the general partner of Anson Funds Management LP.
Moez Kassam and Amin Nathoo are directors of Anson Advisors Inc. Mr. Winson, Mr. Kassam and Mr. Nathoo each disclaim beneficial ownership
of these Common Shares except to the extent of their pecuniary interest therein. The principal business address of Anson is Maples Corporate
Services Limited, PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands. The New Warrants held by this Selling Shareholder
are subject to a beneficial ownership limitation of 4.99%, which does not permit the Selling Shareholder to exercise that portion of
the New Warrants that would result in the Selling Shareholder and its affiliates owning, after exercise, a number of common shares in
excess of the beneficial ownership limitation. The amounts and percentages in the table do not give effect to the 4.99% beneficial ownership
limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(3)</TD><TD STYLE="text-align: justify">Consists of (i) 950,000 common shares issuable upon the exercise
of warrants with an exercise price of $2.30 per share, and (ii) 3,915,000 common shares issuable upon the exercise of New Warrants. The
shares will be directly held by Armistice Capital Master Fund Ltd., a Cayman Islands exempted company (the &ldquo;Master Fund&rdquo;),
and may be deemed to be indirectly beneficially owned by: (i)&nbsp;Armistice Capital, LLC (&ldquo;Armistice Capital&rdquo;), as the investment
manager of the Master Fund, and (ii)&nbsp;Steven Boyd, as the Managing Member of Armistice Capital. Armistice Capital and Steven Boyd
disclaim beneficial ownership of the securities except to the extent of their respective pecuniary interests therein. The address of
the Master Fund is c/o Armistice Capital, LLC, 510 Madison Avenue, 7<SUP>th</SUP> Floor, New&nbsp;York, New York&nbsp;10022. The New
Warrants held by this Selling Shareholder are subject to a beneficial ownership limitation of 9.99%, which does not permit the Selling
Shareholder to exercise that portion of the New Warrants that would result in the Selling Shareholder and its affiliates owning, after
exercise, a number of common shares in excess of the beneficial ownership limitation. The amounts and percentages in the table do not
give effect to the 9.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(4)</TD><TD STYLE="text-align: justify">Consists of (i) 387,500 common shares issuable upon the exercise of warrants with an exercise price
                                                                                of $2.30 per share, and (ii)&nbsp;1,100,000 common shares issuable upon the exercise of New Warrants. The shares will be directly
                                                                                held by Bigger Capital Fund LP, a Delaware limited partnership (the &ldquo;Capital Fund&rdquo;), and may be deemed to be indirectly
                                                                                beneficially owned by: (i)&nbsp;Bigger Capital Fund GP, LLC (&ldquo;Bigger GP&rdquo;), as the investment manager of the Capital
                                                                                Fund; and (ii)&nbsp;Michael Bigger, as the Managing Member of Bigger GP. Bigger GP and Michael Bigger disclaim beneficial ownership
                                                                                of the securities except to the extent of their respective pecuniary interests therein. The address of the Capital Fund is c/o
                                                                                Bigger Capital Fund LP, 11700 W Charleston Blvd,&nbsp;170-659, Las Vegas, Nevada 89135. The New Warrants held by this Selling
                                                                                Shareholder are subject to a beneficial ownership limitation of 4.99%, which does not permit the Selling Shareholder to exercise
                                                                                that portion of the New Warrants that would result in the Selling Shareholder and its affiliates owning, after exercise, a number of
                                                                                common shares in excess of the beneficial ownership limitation. The amounts and percentages in the table do not give effect to the
                                                                                4.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(5)</TD><TD STYLE="text-align: justify">Consists of (i)&#8239;387,500 common shares issuable upon the exercise of warrants with an exercise price
                                                                                of $2.30 per share, and (ii)&nbsp;1,100,000 common shares issuable upon the exercise of New Warrants. The shares will be directly
                                                                                held by District 2 Capital Fund LP, a New&nbsp;York limited partnership (&ldquo;District 2&rdquo;), and may be deemed to be
                                                                                indirectly beneficially owned by: (i)&nbsp;District 2 GP LLC (&ldquo;District 2 GP&rdquo;), as the general partner of the Capital
                                                                                Fund; and (ii)&nbsp;Michael Bigger, as the Managing Member of District 2 GP. District 2 GP and Michael Bigger disclaim beneficial
                                                                                ownership of the securities except to the extent of their respective pecuniary interests therein. The address of District 2 is c/o
                                                                                District 2 Capital Fund LP, 14 Wall Street, 2<SUP>nd</SUP> Floor, Huntington, New&nbsp;York 11743. The New Warrants held by this
                                                                                Selling Shareholder are subject to a beneficial ownership limitation of 4.99%, which does not permit the Selling Shareholder to
                                                                                exercise that portion of the New Warrants that would result in the Selling Shareholder and its affiliates owning, after exercise, a
                                                                                number of common shares in excess of the beneficial ownership limitation. The amounts and percentages in the table do not give
                                                                                effect to the 4.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34px; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(6)</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consists of (i) 1,750,000 common shares issuable upon the exercise of warrants with an exercise price of $2.30 per share, and (ii)&nbsp;400,000 common shares issuable upon the exercise of New Warrants. Heights Capital Management, Inc., the authorized agent of CVI Investments, Inc., a Cayman Islands company (&ldquo;CVI&rdquo;), has discretionary authority to vote and dispose of the shares held by CVI and may be deemed to be the beneficial owner of these shares. Martin Kobinger, in his capacity as Investment Manager of Heights Capital Management, Inc., may also be deemed to have investment discretion and voting power over the shares held by CVI. Mr. Kobinger disclaims any such beneficial ownership of the shares. CVI Investments, Inc. is affiliated with one or more FINRA members, none of whom are currently expected to participate in the sale of shares of Common Stock pursuant to the prospectus contained in the Registration Statement of the common shares to be purchased and sold by CVI in this offering. The address of Heights Capital Management, Inc. is 101 California Street, Suite 3250, San Francisco, CA 94111. The New Warrants held by this Selling Shareholder are subject to a beneficial ownership limitation of 4.99%, which does not permit the Selling Shareholder to exercise that portion of the New Warrants that would result in the Selling Shareholder and its affiliates owning, after exercise, a number of common shares in excess of the beneficial ownership limitation. The amounts and percentages in the table do not give effect to the 4.99% beneficial ownership limitation.</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 52; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(7)</TD><TD STYLE="text-align: justify">Consists of 700,000 common shares issuable upon the exercise
of New Warrants. The shares will be directly held by Funicular Funds, LP. Funicular Funds, LP, a Delaware limited partnership, and Jacob
Ma-Weaver may be deemed to be the beneficial owners of the common shares. Mr. Ma-Weaver has voting and dispositive power over the shares
of common stock held by Funicular Funds, LP as a result of being the managing member of Cable Car Capital LLC, which is the general partner
of Funicular Funds, LP. The business address of the selling shareholder is 2261 Market Street #4307, San Francisco, California 94114.
The New Warrants held by this Selling Shareholder are subject to a beneficial ownership limitation of 4.99%, which does not permit the
Selling Shareholder to exercise that portion of the New Warrants that would result in the Selling Shareholder and its affiliates owning,
after exercise, a number of common shares in excess of the beneficial ownership limitation. The amounts and percentages in the table
do not give effect to the 4.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(8)</TD><TD STYLE="text-align: justify">Consists of (i) 870,000 common shares issuable upon the exercise
of warrants with an exercise price of $2.30 per share, and (ii)&nbsp;1,735,000 common shares issuable upon the exercise of New Warrants.
The shares will be directly held by Hudson Bay Master Fund Ltd., a Cayman Islands exempted company. Hudson Bay Capital Management LP,
the investment manager of Hudson Bay Master Fund Ltd., has voting and investment power over these securities. Sander Gerber is the managing
member of Hudson Bay Capital GP LLC, which is the general partner of Hudson Bay Capital Management LP. Each of Hudson Bay Master Fund
Ltd. and Sander Gerber disclaims beneficial ownership over these securities. The address of Hudson Bay Capital Management L.P. is 28
Havemeyer Place, 2<SUP>nd</SUP> Floor, Greenwich, CT 06830. The New Warrants held by this Selling Shareholder are subject to a beneficial
ownership limitation of 9.99%, which does not permit the Selling Shareholder to exercise that portion of the New Warrants that would
result in the Selling Shareholder and its affiliates owning, after exercise, a number of common shares in excess of the beneficial ownership
limitation. The amounts and percentages in the table do not give effect to the 9.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(9)</TD><TD STYLE="text-align: justify">Consists of 500,000 common shares issuable upon the exercise
of New Warrants. The shares will be directly held by KBB Asset Management LLC, a Delaware limited liability company (&ldquo;KBB&rdquo;),
and may be deemed to be indirectly beneficially owned by Steve Segal, the Managing Member of KBB, who has voting and dispositive control
over the shares. Mr.&nbsp;Segal disclaims beneficial ownership of the securities except to the extent of his respective pecuniary interests
therein. The address of the KBB is c/o KBB Asset Management LLC, 47 Calle Del Sur, Palm Coast, Florida 32137. The New Warrants held by
this Selling Shareholder are subject to a beneficial ownership limitation of 4.99%, which does not permit the Selling Shareholder to
exercise that portion of the New Warrants that would result in the Selling Shareholder and its affiliates owning, after exercise, a number
of common shares in excess of the beneficial ownership limitation. The amounts and percentages in the table do not give effect to the
4.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(10)</TD><TD STYLE="text-align: justify">Consists of (i) 355,000 common shares issuable upon the exercise
of warrants with an exercise price of $2.30 per share, and (ii)&nbsp;1,225,000 common shares issuable upon the exercise of New Warrants.
The shares will be directly held by L1 Capital Global Opportunities Master Fund, a Cayman Islands exempted company (the &ldquo;L1 Fund&rdquo;).
David Feldman, the portfolio manager of L1 Capital Global Opportunities Master Fund, has voting and investment power over these securities.
Mr. Feldman disclaims beneficial ownership over these securities. The address of L1 Capital Global Opportunities Master Fund is 161A
Shedden Road, 1 Artillery Court, PO Box 10085, Grand Cayman KY1-1001, Cayman Islands. The New Warrants held by this Selling Shareholder
are subject to a beneficial ownership limitation of 4.99%, which does not permit the Selling Shareholder to exercise that portion of
the New Warrants that would result in the Selling Shareholder and its affiliates owning, after exercise, a number of common shares in
excess of the beneficial ownership limitation. The amounts and percentages in the table do not give effect to the 4.99% beneficial ownership
limitation.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 53; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(11)</TD><TD STYLE="text-align: justify">Consists of (i)&nbsp;862,500 common shares issuable upon
the exercise of New Warrants, and (ii) 435,000 common shares issuable upon the exercise of warrants with an exercise price of $2.30 per
share. The shares will be directly held by Lind Global Macro Fund LP, a Delaware limited partnership (the &ldquo;Macro Fund&rdquo;),
and may be deemed to be indirectly beneficially owned by: (i)&nbsp;Lind Global Partners LLC (&ldquo;LGP&rdquo;), as the general partner
of the Macro Fund; (ii) The Lind Partners LLC, the manager of LGP (&ldquo;Lind&rdquo;), and (iii)&nbsp;Jeff Easton, as the General Partner
of Lind. Lind, LGP and Jeff Easton disclaim beneficial ownership of the securities except to the extent of their respective pecuniary
interests therein. The address of the Macro Fund is c/o Lind Global Macro Fund LP, 444 Madison Avenue, 41<SUP>st </SUP>Floor, New&nbsp;York,
New&nbsp;York 10022. The New Warrants held by this Selling Shareholder are subject to a beneficial ownership limitation of 9.99%, which
does not permit the Selling Shareholder to exercise that portion of the New Warrants that would result in the Selling Shareholder and
its affiliates owning, after exercise, a number of common shares in excess of the beneficial ownership limitation. The amounts and percentages
in the table do not give effect to the 9.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(12)</TD><TD STYLE="text-align: justify">Consists of (i) 2,755,357 common shares issuable upon the
exercise of New Warrants, (ii)&nbsp;1,739,130 common shares issuable upon exercise of warrants issued in connection with a Waiver between
Siyata and Lind, and (iii) 435,000 common shares issuable upon the exercise of warrants with an exercise price of $2.30 per share. The
shares are directly held by Lind Global Fund&nbsp;II, LP, a Delaware limited partnership (the &ldquo;Global Fund&rdquo;), and may be
deemed to be indirectly beneficially owned by: (i) Lind Global Partners II LLC (&ldquo;Lind&rdquo;), as the general partner of the Global
Fund; (ii) The Lind Partners, LLC, the manager of Lind; and (iii)&nbsp;Jeff Easton, as the General Partner of The Lind Partners LLC.
The Lind Partners, LLC, Lind and Jeff Easton disclaim beneficial ownership of the securities except to the extent of their respective
pecuniary interests therein. The address of the Master Fund is c/o Lind Global Fund&nbsp;II, LP, 444 Madison Avenue, 41<SUP>st</SUP>
Floor, New&nbsp;York, New&nbsp;York 10022. The New Warrants held by this Selling Shareholder are subject to a beneficial ownership limitation
of 9.99%, which does not permit the Selling Shareholder to exercise that portion of the New Warrants that would result in the Selling
Shareholder and its affiliates owning, after exercise, a number of common shares in excess of the beneficial ownership limitation. The
amounts and percentages in the table do not give effect to the 9.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(13)</TD><TD STYLE="text-align: justify">Consists of (i)&nbsp;200,000 common shares issuable upon
the exercise of warrants with an exercise price of $2.30 per share, and (ii)&nbsp;600,000 common shares issuable upon the exercise of
New Warrants. The shares will be directly held by S.H.N.&nbsp;Financial Investments Ltd., an Israeli corporation (&ldquo;S.H.N.&rdquo;),
and may be deemed to be indirectly beneficially owned by Mr.&nbsp;Hadar Shamir and Mr.&nbsp;Nir Shamir who each own 50% of the company
and have shared voting and dispositive power over the common shares. Mr.&nbsp;Hadar Shamir and Mr.&nbsp;Nir Shamir disclaim beneficial
ownership of the securities except to the extent of their respective pecuniary interests therein. The address of S.H.N. is c/o S.H.N.&nbsp;Financial
Investments Ltd., 3 Arik Einstein Street, Herzilya, Israel. The New Warrants held by this Selling Shareholder are subject to a beneficial
ownership limitation of 4.99%, which does not permit the Selling Shareholder to exercise that portion of the New Warrants that would
result in the Selling Shareholder and its affiliates owning, after exercise, a number of common shares in excess of the beneficial ownership
limitation. The amounts and percentages in the table do not give effect to the 4.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(14)</TD><TD STYLE="text-align: justify">Consists of 1,000,000 common shares issuable upon the exercise
of New Warrants. The shares will be directly held by Walleye Opportunities Master Fund Ltd., a Cayman Islands exempted company (the &ldquo;Master
Fund&rdquo;), and may be deemed to be indirectly beneficially owned by: (i)&nbsp;Walleye Capital LLC (&ldquo;Walleye Capital&rdquo;),
as the investment manager of the Master Fund, and (ii) William England, the person having voting or investment control over Walleye Capital.
Walleye Capital LLC and Mr. England disclaim beneficial ownership of the securities. The address of the Master Fund is c/o Walleye Opportunities
Master Fund Ltd., 2800 Niagara Lane North, Plymouth, Minnesota 55447. Walleye Capital LLC, is the general partner of Walleye Trading
LLC, a broker-dealer. The New Warrants held by this Selling Shareholder are subject to a beneficial ownership limitation of 4.99%, which
does not permit the Selling Shareholder to exercise that portion of the New Warrants that would result in the Selling Shareholder and
its affiliates owning, after exercise, a number of common shares in excess of the beneficial ownership limitation. The amounts and percentages
in the table do not give effect to the 4.99% beneficial ownership limitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.35in; text-align: left">(15)</TD><TD STYLE="text-align: justify">Consists of 350,000 common shares issuable upon the exercise
of New Warrants. The shares will be directly held by Warberg WF&nbsp;X LP, a Delaware limited partnership (the &ldquo;Warberg Fund&rdquo;),
and may be deemed to be indirectly beneficially owned by: (i)&nbsp;Warberg Asset Management LLC&nbsp;(&ldquo;WAM&rdquo;), as the investment
manager of the Warberg Fund, and (ii)&nbsp;Daniel Warsh and Jonathan Blumberg, as the Managers of WAM.&nbsp;WAM and Messr. Warsh and
Blumberg disclaim beneficial ownership of the securities except to the extent of their respective pecuniary interests therein. The address
of the Warberg Fund is c/o Warberg WF&nbsp;X LP, 716 Oak Street, Winnetka, Illinois 60093. The New Warrants held by this Selling Shareholder
are subject to a beneficial ownership limitation of 4.99%, which does not permit the Selling Shareholder to exercise that portion of
the New Warrants that would result in the Selling Shareholder and its affiliates owning, after exercise, a number of common shares in
excess of the beneficial ownership limitation. The amounts and percentages in the table do not give effect to the 4.99% beneficial ownership
limitation.</TD>
</TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 54; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_012"></A>PLAN OF DISTRIBUTION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Selling Shareholders, which shall include
donees, pledgees, transferees or other successors-in-interest selling common shares received after the date of this prospectus from a
Selling Shareholder as a gift, pledge, partnership distribution or other transfer, may, from time to time, sell, transfer or otherwise
dispose of any or all of their common shares on any stock exchange, market or trading facility on which the common shares are traded
or in private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related
to the prevailing market price, at varying prices determined at the time of sale, or at negotiated prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Selling Shareholders may use any one or more
of the following methods when disposing of common shares or interests therein:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">ordinary brokerage
                                            transactions and transactions in which the broker-dealer solicits purchasers;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">block trades in
                                            which the broker-dealer will attempt to sell the common shares as agent, but may position
                                            and resell a portion of the block as principal to facilitate the transaction;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">purchases by a
                                            broker-dealer as principal and resale by the broker-dealer for its own account;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">an exchange distribution
                                            in accordance with the rules of the applicable exchange;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">privately negotiated
                                            transactions;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">short sales effected
                                            after the date the registration statement of which this prospectus is a part is declared
                                            effective by the SEC;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">through the writing
                                            or settlement of options or other hedging transactions, whether through an options exchange
                                            or otherwise;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">through agreements
                                            between broker-dealers and the Selling Shareholders to sell a specified number of such shares
                                            at a stipulated price per share;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">a combination
                                            of any such methods of sale; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">any other method
                                            permitted by applicable law.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Selling Shareholders may, from time to time,
pledge or grant a security interest in some or all of the common shares owned by them and, if they default in the performance of their
secured obligations, the pledgees or secured parties may offer and sell the common shares, from time to time, under this prospectus,
or under an amendment to this prospectus under Rule&nbsp;424(b)&nbsp;or other applicable provision of the Securities Act amending the
list of Selling Shareholders to include the pledgee, transferee or other successors in interest as Selling Shareholders under this prospectus.
The Selling Shareholders also may transfer the common shares in other circumstances, in which case the pledgees, transferees or other
successors in interest will be the selling beneficial owners for purposes of this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the sale of our common shares,
the Selling Shareholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage
in short sales of the common shares in the course of hedging the positions they assume. The Selling Shareholders may also sell common
shares short and deliver these securities to close out their short positions, or loan or pledge the common shares to broker-dealers that
in turn may sell these securities. The Selling Shareholders may also enter into options or other transactions with broker-dealers or
other financial institutions or the creation of one or more derivative securities which require the delivery to each such broker-dealer
or other financial institution of common shares offered by this prospectus, which common shares such broker-dealer or other financial
institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 55; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The aggregate proceeds to the Selling Shareholders
from the sale of the common shares offered by them will be the purchase price of the common shares less discounts or commissions, if
any. Each of the Selling Shareholders reserves the right to accept and, together with its agents from time to time, to reject, in whole
or in part, any proposed purchase of common shares to be made directly or through agents. We will not receive any of the proceeds from
this offering. However, we will receive the proceeds from the exercise of the New Warrants by the Selling Shareholders who exercise such
warrants for cash but will not receive any proceeds from any cashless exercises.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Selling Shareholders also may resell all
or a portion of the common shares in open market transactions in reliance upon Rule&nbsp;144 under the Securities Act so long as they
meet the criteria and conform to the requirements of that rule.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Selling Shareholders and any underwriters,
broker-dealers or agents that participate in the sale of the common shares may be &ldquo;underwriters&rdquo; within the meaning of Section&nbsp;2(11)&nbsp;of
the Securities Act. Any discounts, commissions, concessions or profit they earn on any resale of the common shares may be underwriting
discounts and commissions under the Securities Act. Selling Shareholders who are &ldquo;underwriters&rdquo; within the meaning of Section&nbsp;2(11)&nbsp;of
the Securities Act will be subject to the prospectus delivery requirements of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">To the extent required, the common shares to
be sold, the names of the Selling Shareholders, the respective purchase prices and public offering prices, the names of any agents, dealer
or underwriter, and any applicable commissions or discounts with respect to a particular offer will be set forth in an accompanying prospectus
supplement or, if appropriate, a post-effective amendment to the registration statement that includes this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In order to comply with the securities laws of
some states, if applicable, the common shares may be sold in these jurisdictions only through registered or licensed brokers or dealers.
In addition, in some states the common shares may not be sold unless the shares have been registered or qualified for sale or an exemption
from registration or qualification requirements is available and is complied with. All such requirements are the responsibility of the
Selling Shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have advised the Selling Shareholders that
the anti-manipulation rules of Regulation&nbsp;M under the Exchange&nbsp;Act may apply to sales of common shares in the market and to
the activities of the Selling Shareholders and their affiliates. In addition, to the extent applicable we will make copies of this prospectus
(as it may be supplemented or amended from time to time) available to the Selling Shareholders for the purpose of satisfying the prospectus
delivery requirements of the Securities Act. The Selling Shareholders may indemnify any broker-dealer that participates in transactions
involving the sale of the common shares against certain liabilities, including liabilities arising under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have agreed with the Selling Shareholders
to keep the registration statement of which this prospectus constitutes a part effective until the earlier of (i)&nbsp;such time as all
of the common shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement,
or (ii)&nbsp;the date on which all of the common shares may be sold without restriction pursuant to Rule&nbsp;144 of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will pay all expenses of the registration
of the common shares, including, without limitation, SEC filing fees and expenses of compliance with state securities or &ldquo;blue
sky&rdquo; laws; provided, however, that each Selling Shareholder will pay all underwriting discounts and selling commissions, if any,
and any legal expenses incurred by it. We may indemnify the Selling Shareholders against certain liabilities, including some liabilities
under the Securities Act, in accordance with the agreements with the Selling Shareholders, or the selling shareholders may be entitled
to contribution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 56; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_013"></A>DESCRIPTION OF COMMON SHARES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following description of our common shares
and provisions of our corporate articles and notice of articles are summaries and do not purport to be complete. Reference is made to
our corporate articles and notice of articles, copies of which are filed as an exhibit to the registration statement of which this prospectus
is a part (and which is referred to in this section as the &ldquo;articles&rdquo;).</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our common shares were listed on the Nasdaq Capital
Market and currently trade under the symbols &ldquo;SYTA.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All of our issued and outstanding common shares
are fully paid and non-assessable. Unless the board of directors determine otherwise, each holder of our common shares will not receive
a certificate in respect of such common shares. Our shareholders who are non-residents of British Columbia may freely hold and vote their
common shares.</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">We are authorized to issue an unlimited amount of
common shares with no par value per share. Subject to the provisions of the Business Corporations Act (British Columbia) (&ldquo;Business
Corporations Act&rdquo;),our articles and applicable securities laws, the directors have general and unconditional authority to allot,
grant options over or otherwise deal with any unissued shares to such persons, at such times and on such terms and conditions as they
may decide. The directors may refuse to accept any application for shares, and may accept any application in whole or in part, for any
reason or for no reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_014"></A>LEGAL MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain legal matters with respect to Canadian
law and with respect to the validity of the offered securities under the law of British Columbia, Canada, will be passed upon for us
by our Canadian legal counsel Cassels Brock &amp; Blackwell LLP. Certain legal matters with respect to New York law and U.S. federal
securities law will be passed upon for us by Carmel, Milazzo &amp; Feil LLP, New York, New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_015"></A>EXPERTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The consolidated financial statements of the
Company incorporated in this prospectus by reference to our Annual Report on Form&nbsp;20-F for the year ended December 31, 2021 have
been audited by Davidson &amp; Company LLP, an independent registered public accounting firm, as set forth in their reports, which are
incorporated herein by reference. Such consolidated financial statements have been so incorporated by reference in reliance upon such
reports given on the authority of such firm as experts in accounting and auditing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_016"></A>WHERE YOU CAN FIND MORE INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We file annual, quarterly and current reports,
proxy statements and other information with the SEC. The SEC maintains an Internet site that contains reports, proxy and information
statements and other information regarding issuers, including us, that file electronically with the SEC. As a foreign private issuer,
we are exempt under the Exchange Act from, among other things, the rules prescribing the furnishing and content of proxy statements,
and our officers, directors and principal shareholders are exempt from the &ldquo;short-swing profits&rdquo; reporting and liability
provisions contained in Section 16 of the Exchange Act and related Exchange Act rules. In addition, we are not required under the Exchange&nbsp;Act
to file periodic reports and financial statements with the SEC as frequently or as promptly as U.S. companies whose securities are registered
under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You may access the documents that we file with
the SEC at the SEC&rsquo;s website at <I>www.sec.gov</I>. Copies of certain information filed by us with the SEC are also available on
our website at <I>www.siyatamobile.com</I>. Information contained in or accessible through our website does not constitute a part of
this prospectus and is not incorporated by reference in this prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This prospectus is part of a registration statement
on Form F-1 we filed with the SEC.&nbsp;This prospectus does not contain all of the information set forth in the registration statement
and the exhibits to the registration statement. For further information with respect to us and the securities that are being offered
under this prospectus, we refer you to the registration statement and the exhibits and schedules filed as a part of the registration
statement. You should rely only on the information contained in this prospectus or incorporated by reference in prospectus. We have not
authorized anyone else to provide you with different information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 57; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="k_017"></A>INCORPORATION OF DOCUMENTS BY REFERENCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We file annual and special reports and other
information with the SEC (File Number 001-39557). These filings contain important information which does not appear in this prospectus.
The SEC allows us to &ldquo;incorporate by reference&rdquo; information into this prospectus, which means that we can disclose important
information to you by referring you to other documents which we have filed or will file with the SEC. The information incorporated by
reference is considered to be part of this prospectus, and information in documents that we file later with the SEC will automatically
update and supersede information in this prospectus. We incorporate by reference into this prospectus the documents listed below and
any future filings made by us with the SEC under Section 13(a), 13(c), 15(d) of the Exchange Act, except for information &ldquo;furnished&rdquo;
to the SEC that is not deemed filed and not incorporated by reference into this prospectus (unless otherwise indicated below), until
the termination of the offering of securities described in the applicable prospectus supplement or post-effective amendment:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">our Annual Report on <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1649009/000157587222000349/syta-20211231.htm">Form&nbsp;20-F</A>
for the fiscal year ended on December&nbsp;31, 2021, filed with the SEC on April&nbsp;28, 2022 (the &ldquo;Form&nbsp;20-F&rdquo;);</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"> <FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT> </TD><TD STYLE="text-align: justify"> <FONT STYLE="font-family: Times New Roman, Times, Serif">our Report of Foreign Private Issuer on
                                                                                                                                                              Form&nbsp;6-K furnished to the SEC on <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000157587222000351/cm071_6k.htm">April&nbsp;29,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000157587222000372/cm072_6k.htm">May&nbsp;3, 2022</A>,<A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022027305/ea159797-6k_siyatamob.htm">
                                                                                                                                                              May&nbsp;17, 2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022029696/ea160648-6k_siyata.htm">May&nbsp;26,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022030341/ea160857-6k_siyata.htm">May&nbsp;31, 2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022030447/ea160738-6k_siyata.htm">May&nbsp;31,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022031499/ea161156-6k_siyata.htm">June&nbsp;7, 2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022035039/ea162009-6k_siyatamob.htm">June&nbsp;27,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022037451/ea162431-6k_siyatamobile.htm">July&nbsp;6,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022039032/ea162807-6k_siyatamobile.htm">July&nbsp;13,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022039222/ea162849-6k_siyata.htm">July&nbsp;14,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022039795/ea162911-6k_siyata.htm">July&nbsp;18,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022041493/ea163342-6k_siyata.htm">July&nbsp;26,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022042194/ea163422-6k_siyata.htm">July&nbsp;28,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022043185/ea163578-6k_siyata.htm">August&nbsp;1,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022049430/ea164641-6k_siyata.htm">August&nbsp;19,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1649009/000121390022049432/ea164352-6k_siyata.htm">August&nbsp;19,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022049717/ea164393-6k_siyata.htm">August&nbsp;19,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022051991/ea165128-6k_siyata.htm">August&nbsp;30,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022052955/ea165129-6k_siyatamobile.htm">September&nbsp;1,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022054691/ea165457-6k_siyata.htm">September&nbsp;8,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022057827/ea166135-6k_siyata.htm">September&nbsp;22,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022058438/ea166250-6k_siyata.htm">September&nbsp;23,
                                                                                                                                                              2022</A>; <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022063513/ea166915-6k_siyatamobile.htm">October&nbsp;12,
                                                                                                                                                              2022</A>; <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022063684/ea167062-6k_siyatamobile.htm">October&nbsp;13,
                                                                                                                                                              2022</A>; <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022064822/ea167270-6k_siyata.htm">October&nbsp;19,
                                                                                                                                                              2022</A>; <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022066323/ea167546-6k_siyata.htm">October&nbsp;26,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022067409/ea167412-6k_siyata.htm">October&nbsp;31,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022070364/ea168187-6k_siyatamobile.htm">November&nbsp;09,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022071322/ea168186-6k_siyatamobile.htm">November&nbsp;10,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022072514/ea168361-6k_siyatamobile.htm">November&nbsp;14,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022072823/ea168274-6k_siyata.htm">November&nbsp;15,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022073012/ea168720-6k_siyatamobile.htm">November&nbsp;16,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022077787/ea169649-6k_siyatamobile.htm">December 6,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390022084041/ea171053-6k_siyatamobile.htm">December 30,
                                                                                                                                                              2022</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023001529/ea171005-6k_siyatamobile.htm">January 9,
                                                                                                                                                              2023</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023003208/ea171744-6k_siyatamobile.htm">January 18,
                                                                                                                                                              2023</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023003610/ea171900-6k_siyatamobile.htm">January 19,
                                                                                                                                                              2023</A>,<A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023004301/ea171924-6k_siyatamobile.htm"> January 23,
                                                                                                                                                              2023</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1649009/000121390023013323/ea174017-6k_siyatamobile.htm">February 21,
                                                                                                                                                              2023</A>,<A HREF="http://www.sec.gov/Archives/edgar/data/1649009/000121390023013856/ea174156-6k_siyatamob.htm"> February 23,
                                                                                                                                                              2023</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023014614/ea174262-6k_siyata.htm" STYLE="-sec-extract: exhibit">February
                                                                                                                                                              27, 2023</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023017627/ea174489-6k_siyata.htm">March&nbsp;6,
                                                                                                                                                              2023</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023019405/ea175112-6k_siyata.htm">March 13, 2023</A>, <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390023021260/ea175482-6k_siyata.htm">March
                                                                                                                                                              20, 2023</A>, <A HREF="http://www.sec.gov/Archives/edgar/data/1649009/000121390023022972/ea175725-6k_siyatamobile.htm">March 27, 2023</A> and <A HREF="http://www.sec.gov/ix?doc=/Archives/edgar/data/0001649009/000121390023022979/ea175693-6k_siyata.htm">March 27, 2023</A>; </FONT> </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">the description
                                            of our securities registered under Section 12 of the Exchange Act contained in the <A HREF="https://www.sec.gov/Archives/edgar/data/1649009/000121390020028118/ea127259-8a12b_siyatamobile.htm">Form 8-A12B</A>,
                                            as filed with the SEC on September 24, 2020, including any amendment or report filed for
                                            the purpose of updating such description; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48pt; text-align: justify; text-indent: -24pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">any future filings
                                            made with the SEC under Section 13(a), 13(c) or 15(d) of the Exchange&nbsp;Act.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, any reports on Form 6-K submitted
to the SEC by the registrant pursuant to the Exchange Act after the date of the initial registration statement and prior to effectiveness
of the registration statement that we specifically identify in such forms as being incorporated by reference into the registration statement
of which this prospectus forms a part and all subsequent Annual Reports on Form 20-F filed after the effective date of this registration
statement and prior to the termination of this offering and any reports on Form 6-K subsequently submitted to the SEC, or portions thereof
that we specifically identify in such forms as being incorporated by reference into the registration statement of which this prospectus
forms a part, shall be considered to be incorporated into this prospectus by reference and shall be considered a part of this prospectus
from the date of filing or submission of such documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You should rely only on the information contained
or incorporated by reference in this prospectus. We have not authorized any other person to provide you with different information. If
anyone provides you with different or inconsistent information, you should not rely on it. We are not making an offer to sell these securities
in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus as
well as the information we previously filed with the SEC and incorporated by reference, is accurate as of the dates on the front cover
of those documents only. Our business, financial condition and results of operations and prospects may have changed since those dates.
Certain statements in and portions of this prospectus update and replace information in the above listed documents incorporated by reference.
Likewise, statements in or portions of a future document incorporated by reference in this prospectus may update and replace statements
in and portions of this prospectus or the above listed documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We will provide you without charge, upon your
written or oral request, a copy of any of the documents incorporated by reference in this prospectus, other than exhibits to such documents
which are not specifically incorporated by reference into such documents. Please direct your written or telephone requests to Siyata
Mobile Inc., Attn: Chief Financial Officer, 1751 Richardson Street, Suite #2207, Montreal, Quebec Canada H3K-1G6; telephone: 514-500-1181.
You may also obtain information about us by visiting our website at <I>https://www.siyatamobile.com. </I>The information contained on
or accessible through our website is not incorporated by reference and is not part of this prospectus.</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 58; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></FONT></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Up to 19,781,987 Common
Shares</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><IMG SRC="img_001.jpg" ALT="">&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <B>March 30, 2023</B> </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Prospectus</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>












</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>img_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  $! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_
MVP!# 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0'_P  1" !, ,H# 2(  A$! Q$!_\0
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M.IZE<7-1Z1_P2'^$7_"Q=0^,WCOXM?%;XD?&"T_8]N?V'/AQXUUN/P3I%O\
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M7%^+>QN([59GOX?U;_X+F?\ !1GXF_\ !++]B*;]J'X0^!/ OQ \6#XK^ _
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M)'7)/>OR2^*/_!MC\1OVEO\ @LA>?\%#/VL?CW\-/C;^SOJ/Q*E\:R_ :_\
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M\8_@=J>B6/BS2[^\CEV3'QOX(7P^VH6ZQH;FWEU?SA*)I"?[:?\ @C@CQ_\
M!*#_ ()RI(CQR)^QC^SNKQR(T<B,OPQ\.!E=' 9&4@AE8 @C! -?%?\ P<K?
ML/\ _#:O_!+#XTCP_H_]I_%']G-$_:)^'/D1A[Z<>!+.Z;Q[HML1')*ZZO\
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;78FE%U.;[S;GS&\]Y,FO><#W_,_XTM% '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img_002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img_002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" $; 6 # 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ KQ?5IFM_B'J$R211M'>JP>4$H"$7KCM7M%>&^)_\ D<-9_P"O
MD?\ H"UW8)7FUY')BG:*?F=%YNE:A=I9&<7$EY($D_>-((B4;YD9NRG'ZTD=
M[H$,?GH;-7CG4QIY7SJ%D STYRH)Z]^E<4"0<@D'U%%>C[!=V<7M?(ZJ\?27
MTC4"UQ8RWCN[1B&/:0=XQM..05SZ#VJS;:SI:VVG2RRH;K3H8_(&.K-PP/\
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ME6 *D8(/0U0MV:PG6SD),#_\>[GM_L'^GM]*KXO4G8T****DH**** "BBB@
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M8+K ,FPXB;>4PW?J/UI<E'L@YZO=FY_PM7Q-ZV/_ 'X/_P 51_PM7Q-ZV/\
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M9AGWI_\ PN+5_P#H%V7_ 'T]><)]Q?H*T=)TF;6+MX(9(X_+B:9W?)"JO4X
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M5$GA.PA2SAOS=PW-T]O$<L%$32*68L".V, >]1^Z+_>%&#Q?)%,TC6S_ #+
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M&BBR%<<))%W[78;QA\'[P]#ZU,VH7KQR1M>7#)+CS%,K$/C@9YYZ#\JKT4[
M63J-\5E4WMR5E.9!YK?/]>>:>=7U-F9FU&\)9=I)G;E?3KTJG12LAW9*ES/'
M&(TGE5!T57( Y!Z?4 _A2RWEU/$D4US-)&A)5'<D*3U(!J&BG81]"^ /^1$T
MC_KC_4UTE<WX _Y$32/^N/\ 4UTE>+4^-^IZD/A04445!1XU\>?]7HW_ &U_
M]EKQ:O:?CS_J]&_[:_\ LM>+5Z=#^&CSZOQL['P]XLT[1]*M[:Z@O;QXITF2
M)Q&8X&#AB\3?>!(&,=#G-:R^.--@L-*,\<LL\L+M>M;OA]ZY2#<,@'"9R,]P
M:\XKL=(\*6>L:'ITHEDAO)DN6V1C<UPR.JJBAB%! )/7GZTY1BM6$92>B-:3
MXA:5<ZH+VXM]4&R6=HXTE&U0[!E)7<,D8(QTYK,L?&MI::MK-P]E-):ZI>B6
M6 D?- 0X=#[D/Q[BK%M\/K6ZGDMHM1NO-C@C>1VMU6-9'C\P)DMD\>@IX\#V
M6F(SW-_%=W'V":1[; &QO(,BNN#G /'..?:H_=[%>_N2+\1;6=-ES!J%N1('
M62SD5755EW)&,_P;< ^X[TL7Q$L4BA=K6_\ -!(:V5U^S@&X\[<HZ[@.*S-&
M\.Z;?IH'VJ.Z5+RUNI)W@&XL\9;;UX' _&G7WA>ST_PG>3QFXNM0S:.I:W*A
M$EW-A2"=QP!GT(IVA>P7GN:%G\1;6ULV@2UN(I-D>V541R2JNI4@G&WY_?OQ
M7GG^>***UC%1V,W)O<[CX1_\E$L?]V3_ - :OI:OFGX1_P#)1+'_ '9/_0&K
MZ6KBQ7Q(ZL/\(4445RG0?/WQP_Y'"V_Z]%_]":O,J]-^.'_(X6W_ %Z+_P"A
M-6'X T32M9EOAJD<++&ULD9FF>-09)"IP5_B(Z9XSUKU(/EIIGGS5YM''5T>
MCZSI":7:6&LV]\R6=\;R%[-ERV0H96#?[HP1[ULS> +&%;=[C6Q9M/(K>3,@
MW)$S,!T.=PP,Y '/7BF/\/5C9H9;RYAN76:6%'MP5$<9 .]@Q 8YR,9'3UH<
MXL%&2-&X\?:-%JCWT5M=W=QE4!*JD3(+@S9VG)#?-CTR,T)\3+:.><B.ZP1&
M89_(CWKM9SM(W8(^?J2>G3%9#>![>UAOKB_O[B&"U>Y7*V^6?RI$0$ D?>+_
M (8JU#\/K)[V[MY=9FA6Q")=2R6P1-[D ;"6^91DY/7CCJ*BU,J\PM?B"D<J
M^9]M6.-;81!=CB,QHZOA2<8;=VP<5T#^,/#@\.PR13S11AQ))9)<,9G_ 'I;
MRSSQUW;\\XQFN'U/PS!IEGIEVEX;R*YN/)FD10L:-GE<YW9QSR!P<BMJ'PYH
MEG?ZN^J6=PEI;:N;:$_O"!'Y<A&<<E<A"2.<?6AQAN"<BPWQ&L/[16X%M?M'
M#):R1Q[E D,2LK!QD]=P(Z\J,UR?BG6UU[5([F,RF.*!85,L:HV 2>=I.>O4
MG-;/]@6UA>>(I[W24N&TY83%8V\[F/$A&'W??*@$'URPS3[;P/#J7E,LT]C/
M<QBZ6V:$M'#$91'M,A.2XSG!'MUJER1U$^9Z'$45VB>"M.NK::6TU2[<B2YB
MA+VF%8P(&8N0WR@\@5QC*R,5=&1AU5A@C\*T4D]C-IK<^C?@W_R($7_7Q)_2
MO0*\_P#@W_R($7_7Q)_2O0*\VM_$9WT_@04445D:'RQ+_KI/]]OYTVG2_P"N
MD_WV_G3:]T\D55+NJCJQ %:UQX8UFVF>(V,DCH2&\KYL8.,\=CVK)5BCJR\%
M2"/K6NWBC6'MC;O=YCP<#:,C))X/U)J7S="E;J00:!JUR\2QV$V)6 5BN!^/
MI4,NF7D%S#!+"4:=]D1/1^=O!],UHGQ?K3!@]Q$X=_,8- I#'W&.W:J]WK]]
M?0PI<&)G@<-%*L85DQSQCU.#^%)<_4/= >']0:T%R$0QF01 !^2Q8KC'U!JE
M>VDUA>S6EPH6:%BC@'(S['N*T4\3ZI%(\D4D,;LNW*0*,#.[CCCGGZUG7=Y<
M7\_GW,ADEVJA<CD@# SZG'>FN:^H.W0@HHHJB3Z%\ ?\B)I'_7'^IKI*YOP!
M_P B)I'_ %Q_J:Z2O%J?&_4]2'PH****@H\:^//^KT;_ +:_^RUXM7M/QY_U
M>C?]M?\ V6O%J].A_#1Y]7XV%7;;6-3LHO*M=0NH(]K+MCE*C!.2./4U2HK:
MQF;&E7VNW%Z]OI^I7:3W"8;;.RF0(IP#Z_*,#\JNO8>,6MTMW&HM%$CHD7GY
MVJ/E<!=V<=0<>XK M+N>QN5N+=]DJ@@' /!&#P?8FM9?&&O)<23I?E99(_+9
MEC0?+DG XXZG\ZAIWT*374?<MXE\.6=M!+>WME'YC>7;+,R[&7:V[ ..=P.1
M[U2_X2'6O*CB_M:^\N-MZ+Y[84\\@9X/)_.H]1U>^U9E:]F\PJS,/E"X)QD\
M>N!5&FEW$WV"BBBJ$=Q\(_\ DHEC_NR?^@-7TM7S3\(_^2B6/^[)_P"@-7TM
M7!BOB1V8?X0HHHKE.@^?OCA_R.%M_P!>B_\ H35YO%<SPQO'%-)&DA4NJL0&
M*G*Y^AY%?0/C[X:7?C#7(K^"_@MT2$1[74DY!)SQ]:Y3_A1&H_\ 08M?^^&_
MPKT:=6"@DV<4Z<W)M(\W'B+6P% U>^PKF0?OVX8YR>O7D_G43ZWJLL$\$FIW
MC0SOOE0S,5D;U(SR>!^5>F_\*(U'_H,6O_?#?X4?\*(U'_H,6O\ WPW^%5[2
MEW1/LZG8XZ33O%VKZ9;7+75W?0746V-#<%R5W8*D$\<J#@]@#34C\;I*-KZN
M)+>/RU'G'*IP=H&>1]W@>U>DV7PN\5:="(+3Q-!'" J^7Y61@9QU'^TWYU-!
M\./&%NBI%XI@554HH\G.T%BQQ\O')-1[2/=%>SEV9Y-K5AXBALD_M22XFM;=
M4;#3;UA+]!UX/T_.KUK;^*KR1)DUF<-90AXV:Z<F-6CW84#)^[P0/Y5Z7)\-
M?%,UM+;3Z]I\MO*,-$;4!>F 0 HZ=1[U##\+?$]ND"1^(++$  C)M@2,# ))
M7)(' )Y%'M8VW0>SE?9GE%X=>T*]@U"6]N8;N^@$XG29M[*W9CUSTR#[54.N
MZN8?).J7IC\WSMIG;&_.=W7KGG/K7K6H?"#Q%JH07_B."XV,S)O0_*6QG''
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M'V_[*+;?_P L]V[./<>E<9_PH8?]!W_R7_\ LJ]FHK6-:<59,S=*,G=GC/\
MPH8?]!W_ ,E__LJ/^%##_H._^2__ -E7LU%5]8J=R?8P['C/_"AA_P!!W_R7
M_P#LJ/\ A0P_Z#O_ )+_ /V5>S44?6*G</8P['C/_"AA_P!!W_R7_P#LJ/\
MA0P_Z#O_ )+_ /V5>S44?6*G</8P['C/_"AA_P!!W_R7_P#LJ/\ A0P_Z#O_
M )+_ /V5>S44?6*G</8P['FGA+X3_P#"+^(K?51JPG$08&/R<9RI'7/O7I=%
M%9SFYN\C2,5%604445!04444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% 'RU*[^=)\[_?;^(^M-WO\ WW_[Z-$O^ND_WV_G3"<*3Z5[IY(_>_\ ??\
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M",#\"1^-.37]8C,134[H&%=L9$A^48QC\@*M+X4U-[<31I&Z-;QW";6^\'.
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@6DZ9;Z-I5OIUJ7,$"[4,ARV,YY-7:**S;OJS1*Q__]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
