<SEC-DOCUMENT>0001062993-21-005028.txt : 20210525
<SEC-HEADER>0001062993-21-005028.hdr.sgml : 20210525
<ACCEPTANCE-DATETIME>20210525134439
ACCESSION NUMBER:		0001062993-21-005028
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210520
FILED AS OF DATE:		20210525
DATE AS OF CHANGE:		20210525

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IM Cannabis Corp.
		CENTRAL INDEX KEY:			0001792030
		STANDARD INDUSTRIAL CLASSIFICATION:	MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40065
		FILM NUMBER:		21959288

	BUSINESS ADDRESS:	
		STREET 1:		1 ADELAIDE STREET EAST, UNIT 801
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 2V9
		BUSINESS PHONE:		416-256-4202

	MAIL ADDRESS:	
		STREET 1:		1 ADELAIDE STREET EAST, UNIT 801
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 2V9
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html>

<head>
    <title>IM Cannabis Corp.: Form 6-K - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center;"><font style="font-size: 18pt;"><b>UNITED STATES</b></font><br><font style="font-size: 18pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></font><br><b>Washington, D.C. 20549</b><br><br><font style="font-size: 18pt;"><b>Form 6-K</b></font><br><br><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</b><br><b>UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>
    <p style="text-align: justify;">For the month of May, 2021.</p>
    <p style="margin-bottom: 0pt; text-align: justify;">Commission File Number: <b>001-40065</b></p>
    <p style="margin-top: 0pt; text-align: center;"><br><br><font style="font-size: 18pt;"><u><b>IM Cannabis Corp.</b></u></font><br>(Exact Name of Registrant as Specified in Charter)<br><br><b>Kibbutz Glil Yam, Central District, Israel 4690500</b><br>(Address of principal executive offices)</p>
    <p style="margin-bottom: 0pt; text-align: justify;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</p>
    <p style="margin-top: 0pt; text-align: justify;">Form 20-F&#160; &#9633;&#160; Form 40-F &#8864;</p>
    <p style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</p>
    <p style="text-align: justify;"><b>Note</b>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p>
    <p style="text-align: justify;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</p>
    <p style="text-align: justify;"><b>Note</b>: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</p>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="text-align: center;"><b>SIGNATURE</b></p>
    <p style="text-indent: 36pt; text-align: justify;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p>
    <table style="width: 98.72%; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 6.08%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 44.56%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;" colspan="2">
                <p><b>IM CANNABIS CORP.</b></p>
            </td>
            <td style="width: 7.6%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 6.08%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 44.56%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;" colspan="2">
                <p>(Registrant)</p>
            </td>
            <td style="width: 7.6%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 6.08%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 44.56%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 6.8%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 34.96%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 7.6%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
            <td style="width: 6.08%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 1.5pt; vertical-align: top;">
                <p>Date:</p>
            </td>
            <td style="width: 44.56%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 1.5pt; vertical-align: top;">
                <p>May 25, 2021</p>
            </td>
            <td style="width: 6.8%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 1.5pt; vertical-align: top;">
                <p>By:</p>
            </td>
            <td style="width: 34.96%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;">
                <p><i>/s/ Oren Shuster</i><font style="width: 64.3pt; display: inline-block;">&#160;</font></p>
            </td>
            <td style="width: 7.6%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 6.08%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 44.56%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
            <td style="width: 6.8%; padding-top: 0.38pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top; border-top: 0.75pt solid #000000;">
                <p>Name:</p>
            </td>
            <td style="width: 34.96%; padding-top: 0.38pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top; border-top: 0.75pt solid #000000;">
                <p>Oren Shuster</p>
            </td>
            <td style="width: 7.6%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 6.08%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;">
                <p>&#160;</p>
            </td>
            <td style="width: 44.56%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;">
                <p>&#160;</p>
            </td>
            <td style="width: 6.8%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;">
                <p>Title:</p>
            </td>
            <td style="width: 34.96%; padding-top: 0.75pt; padding-right: 0.75pt; padding-bottom: 0.75pt; vertical-align: top;">
                <p>Chief Executive Officer and Director</p>
            </td>
            <td style="width: 7.6%; padding: 0.75pt; vertical-align: middle;">
                <p>&#160;</p>
            </td>
        </tr>
    </table>
    <br>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="text-align: center;"><u><b>EXHIBIT INDEX</b></u></p>
    <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="vertical-align: top; background-color: rgb(238, 238, 238);">
                <p><a href="exhibit99-1.htm">99.1</a></p>
            </td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(238, 238, 238);">
                <p><a href="exhibit99-1.htm">Form 11 - Notice of Proposed Stock Option Grant or Amendment dated May 20, 2021</a></p>
            </td>
        </tr>
        <tr>
            <td style="vertical-align: top;">
                <p>&#160;</p>
            </td>
            <td style="width: 90%; vertical-align: top;">
                <p>&#160;</p>
            </td>
        </tr>
    </table>
    <br>
    <hr width="100%" size="5" color="black" noshade="noshade">
</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>

<head>
    <title>IM Cannabis Corp.: Exhibit 99.1 - Filed by newsfilecorp.com</title>
</head>

<body style="font-size:10pt; font-family:'Times New Roman';">
    <hr width="100%" size="3" color="black" noshade="noshade"><a name="page_1"></a>
    <p style="text-align: center; margin-left: 18.9pt;"><b>FORM 11</b></p>
    <p style="text-align: center; margin-left: 19.15pt;"><u><b>NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT</b></u></p>
    <p style="margin-left: 6pt; text-align: justify;">Name of Listed Issuer: IM Cannabis Corp. (the "Issuer").</p>
    <p style="margin-left: 6pt; text-align: justify;">Trading Symbol: IMCC</p>
    <p style="margin-left: 6pt; text-align: justify;">Date: May 20, 2021</p>
    <p style="margin-left: 42pt; text-indent: -36pt; text-align: justify;"><b>1.</b><font style="width: 25.94pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>New Options Granted:</b></p>
    <p style="margin-left: 6pt; text-align: justify;">Date of Grant: May 19, 2021</p>
    <table style="margin-left: 6.25pt; border-collapse: collapse; font-size: 10pt;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 17%; vertical-align: top; border-top: 2.25pt double #000000; border-right: 0.75pt solid #000000; border-left: 2.25pt double #000000;">
                <p>&#160;</p>
            </td>
            <td style="width: 21%; vertical-align: top; border-top: 2.25pt double #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 0.1pt; text-align: center;"><b>Position</b></p>
            </td>
            <td style="width: 10%; vertical-align: top; border-top: 2.25pt double #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: left;">
                <p style="text-align: left;">&#160;</p>
            </td>
            <td style="width: 11%; vertical-align: top; border-top: 2.25pt double #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: left;">
                <p style="text-align: left;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-top: 2.25pt double #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: left;">
                <p style="text-align: left;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-top: 2.25pt double #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: left;">
                <p style="text-align: left;">&#160;</p>
            </td>
            <td style="width: 12%; vertical-align: top; border-top: 2.25pt double #000000; border-right: 2.25pt double #000000; border-left: 0.75pt solid #000000; text-align: left;">
                <p style="text-align: left;">&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 2.25pt double #000000;">
                <p>&#160;</p>
            </td>
            <td style="width: 21%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 0.3pt; text-align: center;"><b>(Director/</b></p>
            </td>
            <td style="width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 11%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 12%; vertical-align: top; border-right: 2.25pt double #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 2.25pt double #000000;">
                <p>&#160;</p>
            </td>
            <td style="width: 21%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 0.25pt; text-align: center;"><b>Officer/</b></p>
            </td>
            <td style="width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 11%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 12%; vertical-align: top; border-right: 2.25pt double #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;"><b>No. of</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 2.25pt double #000000;">
                <p>&#160;</p>
            </td>
            <td style="width: 21%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 0.15pt; text-align: center;"><b>Employee/</b></p>
            </td>
            <td style="width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 11%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 12%; vertical-align: top; border-right: 2.25pt double #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;"><b>Options</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 2.25pt double #000000;">
                <p>&#160;</p>
            </td>
            <td style="width: 21%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 0.25pt; text-align: center;"><b>Consultant/</b></p>
            </td>
            <td style="width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="margin-left: 8.1pt; text-align: center;"><b>Insider</b></p>
            </td>
            <td style="width: 11%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center; margin-right: 6.45pt;"><b>No. of</b></p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;">&#160;</p>
            </td>
            <td style="width: 12%; vertical-align: top; border-right: 2.25pt double #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;"><b>Granted in</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 2.25pt double #000000;">
                <p>&#160;</p>
            </td>
            <td style="width: 21%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 0.3pt; text-align: center;"><b>Management</b></p>
            </td>
            <td style="width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="margin-left: 9.15pt; text-align: center;"><b>Yes or</b></p>
            </td>
            <td style="width: 11%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center; margin-right: 6.6pt;"><b>Optioned</b></p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center; margin-right: 12.1pt;"><b>Exercise</b></p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;"><b>Expiry</b></p>
            </td>
            <td style="width: 12%; vertical-align: top; border-right: 2.25pt double #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;"><b>Past 12</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 2.25pt double #000000;">
                <p style="margin-left: 10.4pt;"><b>Name of Optionee</b></p>
            </td>
            <td style="width: 21%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 0.15pt; text-align: center;"><b>Company</b></p>
            </td>
            <td style="width: 10%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="margin-left: 9.15pt; text-align: center;"><b>No?</b></p>
            </td>
            <td style="width: 11%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center; margin-right: 6.25pt;"><b>Shares</b></p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center; margin-right: 12.1pt;"><b>Price</b></p>
            </td>
            <td style="width: 13%; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;"><b>Date</b></p>
            </td>
            <td style="width: 12%; vertical-align: top; border-right: 2.25pt double #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center;">
                <p style="text-align: center;"><b>Months</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; border-style: solid solid solid double; border-width: 1pt 0.75pt 1pt 1.5pt; vertical-align: top; border-color: #000000;">
                <p style="margin-left: 10.4pt;">Directors and Officers of the Issuer</p>
            </td>
            <td style="width: 21%; border-style: solid; border-width: 1pt 0.75pt; vertical-align: top; border-color: #000000;">
                <p style="margin-left: 0.3pt; text-align: center;">Directors and Officers</p>
            </td>
            <td style="width: 10%; border-style: solid; border-width: 1pt 1pt 1pt 0.75pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="margin-left: 18.05pt; text-align: center;">Yes</p>
            </td>
            <td style="width: 11%; border-style: solid; border-width: 1pt 0.75pt 1pt 1pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center; margin-right: 6.15pt;">1,168,715</p>
            </td>
            <td style="width: 13%; border-style: solid; border-width: 1pt 0.75pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center; margin-right: 9.7pt;">$5.87</p>
            </td>
            <td style="width: 13%; border-style: solid; border-width: 1pt 1pt 1pt 0.75pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center; margin-right: 10.4pt;">May 19, 2026</p>
            </td>
            <td style="width: 12%; border-style: solid double solid solid; border-width: 1pt 1.5pt 1pt 1pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center;">497,500</p>
            </td>
        </tr>
        <tr>
            <td style="width: 17%; border-style: solid solid solid double; border-width: 1pt 0.75pt 1pt 1.5pt; vertical-align: top; border-color: #000000;">
                <p style="margin-left: 10.4pt;">Employees and Consultants of the Issuer</p>
            </td>
            <td style="width: 21%; border-style: solid; border-width: 1pt 0.75pt; vertical-align: top; border-color: #000000;">
                <p style="margin-left: 0.3pt; text-align: center;">Employees and Consultants</p>
            </td>
            <td style="width: 10%; border-style: solid; border-width: 1pt 1pt 1pt 0.75pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center;">No</p>
            </td>
            <td style="width: 11%; border-style: solid; border-width: 1pt 0.75pt 1pt 1pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center; margin-right: 6.15pt;">302,750</p>
            </td>
            <td style="width: 13%; border-style: solid; border-width: 1pt 0.75pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center; margin-right: 9.7pt;">$5.87</p>
            </td>
            <td style="width: 13%; border-style: solid; border-width: 1pt 1pt 1pt 0.75pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center; margin-right: 10.4pt;">May 19, 2026</p>
            </td>
            <td style="width: 12%; border-style: solid double solid solid; border-width: 1pt 1.5pt 1pt 1pt; vertical-align: top; border-color: #000000; text-align: center;">
                <p style="text-align: center;">319,666</p>
            </td>
        </tr>
    </table>
    <p style="margin-left: 6pt; text-align: justify;">Total Number of optioned shares proposed for acceptance: <u>1,471,465</u></p>
    <div id="footer_page_1">
        <table style="width: 100%; border-collapse: collapse; font-size: 10pt;" border="0" cellspacing="0" cellpadding="0">
            <tr>
                <td style="width: 100%; border-top: 0.75pt solid #000000;">&#160;</td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;"><b>FORM 11 &#8211; NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT</b></td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">January 2015</td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">Page 1</td>
            </tr>
        </table>
    </div>
    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_2"></a>
    <p style="margin-left: 42.95pt; text-indent: -36.05pt; text-align: justify;"><b>2.</b><font style="width: 26.04pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Other Presently Outstanding Options:</b></p>
    <table style="border-collapse: collapse; border: 0.75pt solid #000000; font-size: 10pt; width: 100%;" cellspacing="0" cellpadding="0">
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; text-align: center; white-space: nowrap;">
                <p style="margin-bottom: 0pt; text-align: center;"><b>Name of Optionee</b></p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center; white-space: nowrap;">
                <p style="text-align: center; margin-left: 6.55pt; margin-right: 6.35pt;"><b>No. of Optioned<br></b><b>Shares</b><sup><b>(1)</b></sup></p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center; white-space: nowrap;">
                <p style="text-align: center; margin-left: 7.35pt; margin-right: 7.1pt;"><b>Exercise<br></b><b>Price</b></p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center; white-space: nowrap;">
                <p style="text-align: center; margin-left: 12.95pt; margin-right: 12.35pt;"><b>Original Date of<br></b><b>Grant</b></p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000; text-align: center; white-space: nowrap;">
                <p style="margin-bottom: 0pt; text-align: center;"><b>Expiry Date</b></p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Directors and/or Officers of a Subsidiary</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">520,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$10.02</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">March 18, 2021</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">March 18, 2026</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of a Subsidiary</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">180,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$10.02</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">March 18, 2021</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">March 18, 2026</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Directors and/or Officers of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">180,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$10.00</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">February 28, 2021</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">February 28, 2026</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">5,500</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$10.00</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">February 8, 2021</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">February 8, 2026</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">13,750</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$8.56</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">December 15, 2020</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">December 15, 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of a Subsidiary</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">25,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$7.12</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 23, 2020</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">October 23, 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">3,750</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$7.12</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 23, 2020</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">October 23, 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">13,750</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$5.80</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">July 17, 2020</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">July 17, 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">241,250</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$4.00</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">June 9, 2020</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">June 9, 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of a Subsidiary</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">31,250</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$4.00</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">June 9, 2020</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">June 9, 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Directors and/or Officers of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">317,500</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$4.00</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">June 9, 2020</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">June 9, 2025</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">242,475</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 11, 2019</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">January 4, 2029</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Directors and/or Officers of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">550,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 11, 2019</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">January 4, 2029</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">105,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 11, 2019</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">September 11, 2029</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Directors and/or Officers of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">925,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 11, 2019</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">September 11, 2029</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">50,000</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 11, 2019</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">February 3, 2029</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Directors and/or Officers of the Issuer</p>
            </td>
            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">62,500</p>
            </td>
            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
            </td>
            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 11, 2019</p>
            </td>
            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">April 7, 2029</p>
            </td>
        </tr>
        <tr>
            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
            </td>
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                <p style="margin-left: 5.65pt;">2,500</p>
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            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
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                <p style="margin-left: 5.8pt;">October 11, 2019</p>
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                <p style="margin-left: 5.7pt;">May 13, 2029</p>
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            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
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            <td style="width: 161.46px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">62,500</p>
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            <td style="width: 107.64px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
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            <td style="width: 188.37px; vertical-align: top; border: 0.75pt solid #000000;">
                <p style="margin-left: 5.8pt;">October 11, 2019</p>
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                <p style="margin-left: 5.7pt;">August 11, 2029</p>
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                <p style="margin-left: 5pt;">Directors and/or Officers of a Subsidiary</p>
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                <p style="margin-left: 5.65pt;">37,500</p>
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            <td style="width: 107.64px; vertical-align: top; border-right: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">$1.60</p>
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                <p style="margin-left: 5.8pt;">October 11, 2019</p>
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            <td style="width: 206.31px; vertical-align: top; border-bottom: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">July 30, 2029</p>
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            <td style="width: 224.25px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000;">
                <p style="margin-left: 5pt;">Employees and/or Consultants of the Issuer</p>
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            <td style="width: 161.46px; vertical-align: top; border-top: 0.75pt solid #000000; border-right: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.65pt;">4,000</p>
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                <p style="margin-left: 5.65pt;">$4.20</p>
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                <p style="margin-left: 5.8pt;">October 11, 2019</p>
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            <td style="width: 206.31px; vertical-align: top; border-top: 0.75pt solid #000000; border-left: 0.75pt solid #000000;">
                <p style="margin-left: 5.7pt;">October 9, 2022</p>
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    <br>&#160;&#160; (1) Set out number of optioned shares for each grant with different terms.
    <div id="footer_page_2">
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                <td style="width: 100%; border-top: 0.75pt solid #000000;">&#160;</td>
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            <tr>
                <td style="width: 100%; text-align: center;"><b>FORM 11 &#8211; NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT</b></td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">January 2015</td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">Page 2</td>
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        </table>
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    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_3"></a>
    <p style="margin-left: 59.85pt; text-indent: -53.9pt; text-align: justify;"><b>3.</b><font style="width: 43.89pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Additional Information</b></p>
    <p style="text-align: justify; margin-left: 60pt; text-indent: -27pt;">(a)<font style="width: 12.33pt; text-indent: 0pt; display: inline-block;">&#160;</font>If shareholder approval was required for the grant of options (including prior approval of a stock option plan), state the date that the shareholder meeting approving the grant was or will be held. <b>December 16, 2020</b></p>
    <p style="margin-left: 60pt; text-indent: -27pt; text-align: justify;">(b)<font style="width: 12.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>State, as a percentage of the issued and outstanding shares of the Issuer indicated in (c) above, the aggregate number of shares that are subject to incentive stock options, including new options, amended options and other presently outstanding options. <b>8.839%</b></p>
    <p style="margin-left: 60pt; text-indent: -27pt; text-align: justify;">(c)<font style="width: 12.96pt; text-indent: 0pt; display: inline-block;">&#160;</font>State the date of the news release announcing the grant of options. <b>N/A</b></p>
    <p style="margin-left: 60pt; text-indent: -27pt; text-align: justify;">(d)<font style="width: 12.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>State the total issued and outstanding share capital at the date of grant or amendment. <b>57,067,651 common shares</b></p>
    <p style="margin-left: 60pt; text-indent: -27pt; text-align: justify;">(e)<font style="width: 12.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>If the new options are being granted pursuant to a stock option plan, state the number of remaining shares reserved for issuance under the plan. <b>112,075</b></p>
    <p style="margin-left: 60pt; text-indent: -27pt; text-align: justify;">(f)<font style="width: 15.62pt; text-indent: 0pt; display: inline-block;">&#160;</font>If the Issuer has completed a public distribution of its securities within 90 days of the date of grant, state the per share price paid by the public investors. <b>$5.75</b></p>
    <p style="margin-left: 60pt; text-indent: -27pt; text-align: justify;">(g)<font style="width: 12.28pt; text-indent: 0pt; display: inline-block;">&#160;</font>Describe the particulars of any proposed material changes in the affairs of the Issuer. <b>N/A</b></p>
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                <td style="width: 100%; border-top: 0.75pt solid #000000;">&#160;</td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;"><b>FORM 11 &#8211; NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT</b></td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">January 2015</td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">Page 3</td>
            </tr>
        </table>
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    <hr style="page-break-after: always; text-align: center;" width="100%" size="5" color="black" noshade="noshade"><a name="page_4"></a>
    <p style="margin-left: 59.85pt; text-indent: -53.9pt; text-align: justify;"><b>4.</b><font style="width: 43.89pt; text-indent: 0pt; display: inline-block;">&#160;</font><b>Certificate of Compliance</b></p>
    <p style="margin-left: 6pt; text-align: justify;">The undersigned hereby certifies that:</p>
    <p style="margin-left: 60pt; text-indent: -54pt; text-align: justify;">1.<font style="width: 43.94pt; text-indent: 0pt; display: inline-block;">&#160;</font>The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.</p>
    <p style="margin-left: 60pt; text-indent: -54pt; text-align: justify;">2.<font style="width: 43.94pt; text-indent: 0pt; display: inline-block;">&#160;</font>As of the date hereof there is no material information concerning the Issuer which has not been publicly disclosed.</p>
    <p style="margin-left: 60pt; text-indent: -54pt; text-align: justify;">3.<font style="width: 43.94pt; text-indent: 0pt; display: inline-block;">&#160;</font>The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in CNSX Policy 1).</p>
    <p style="margin-left: 60pt; text-indent: -54pt; text-align: justify;">4.<font style="width: 43.94pt; text-indent: 0pt; display: inline-block;">&#160;</font>All of the information in this Form 11 Notice of Proposed Stock Option Grant or Amendment is true.</p>
    <p style="margin-left: 6pt; text-align: justify;">Dated <u>May 20, 2021</u>.</p>
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            <td style="width: 50%;">&#160;</td>
            <td style="width: 50%;"><u>Oren Shuster</u></td>
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        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 50%;">Name of Director or Senior Officer</td>
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        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 50%;">&#160;</td>
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        <tr>
            <td style="width: 50%;">&#160;</td>
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                <p style="margin-left: 6pt; text-align: justify;"><u><i>"Oren Shuster"</i></u><u> &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; </u></p>
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        <tr>
            <td style="width: 50%;">&#160;</td>
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        <tr>
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            <td style="width: 50%;">&#160;</td>
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            <td style="width: 50%;">&#160;</td>
            <td style="width: 50%;"><u>Chief Executive Officer</u></td>
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        <tr>
            <td style="width: 50%;">&#160;</td>
            <td style="width: 50%;">Official Capacity</td>
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                <td style="width: 100%; border-top: 0.75pt solid #000000;">&#160;</td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;"><b>FORM 11 &#8211; NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT</b></td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">January 2015</td>
            </tr>
            <tr>
                <td style="width: 100%; text-align: center;">Page 4</td>
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