Company: EDSA
Filing Date: 2025-03-04
Form Type: S-3
Source: 0001171843-25-001239
Chunk: 21

Company: Edesa Biotech, Inc.
Filing Date: 2025-03-04
Form: S-3
Chunk 21
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 meeting of shareholders.

Terms of the Advance Notice Policy. The Advance
Notice Policy provides that advance notice to the Company must be made in circumstances where nominations of persons for election to our
board of directors are made by shareholders of the Company other than pursuant to: (i) a “proposal” made in accordance with
Division 7 of Part 5 of the British Columbia Business Corporations Act; or (ii) a requisition of the shareholders made in
accordance with section 167 of the British Columbia Business Corporations Act. Among other things, the Advance Notice Policy
fixes a deadline by which holders of record of our common shares must submit director nominations to our Secretary prior to any annual
or special meeting of shareholders and sets forth the specific information that a shareholder must include in the written notice to our
Secretary for an effective nomination to occur. No person will be eligible for election as a director of the Company unless nominated
in accordance with the provisions of the Advance Notice Policy.

In the case of an annual meeting of shareholders, notice
to the Company must be made not less than 30 nor more than 65 days prior to the date of the annual meeting; provided, however, that in
the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement
of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public
announcement.

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In the case of a special meeting of shareholders (which
is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the
day on which the first public announcement of the date of the special meeting was made.

Our board of directors may, in its sole discretion,
waive any requirement of the Advance Notice Policy.

Provisions of British Columbia Law Governing Business Combinations

All provinces of Canada have adopted National Instrument
62-104 entitled “Take-Over Bids and Issuer Bids” and related forms to harmonize and consolidate take-over bid and issuer
bid regimes nationally (“NI 62-104”). The Canadian Securities Administrators, or CSA, have also issued National Policy 62-203
entitled “Take-Over Bids and Issuer Bids” (the “National Policy”) which contains regulatory guidance on
the interpretation and application of NI 62-104 and on the