Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 26

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 6
Chunk 26
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 months with no more than one-fourth of the options
vesting in any three month period.

The
price at which an option holder may purchase a common share upon the exercise of a stock option will be as set forth in the option certificate
issued in respect of such option and in any event will not be less than the discounted market price of the Company’s common shares
as of the date of the grant of the stock option (the “ Award Date”). The market price of the Company’s common shares
for a particular Award Date will typically be the closing trading price of the Company’s common shares on the day immediately preceding
the Award Date, or otherwise in accordance with the terms of the Plan. Where there is no such closing price or trade on the prior trading
day “market price” shall mean the average of the most recent bid and ask of the shares of the Company on any stock exchange
on which the shares are listed or dealing network on which the shares of the Company trade.

  28  

In
no case will a stock option be exercisable at a price less than the minimum prescribed by each of the organized trading facilities or
the applicable regulatory authorities that would apply to the award of the stock option in question.

Common
shares will not be issued pursuant to stock options granted under the Plan until they have been fully paid for by the option holder.
The Company will not provide financial assistance or loans to option holders to assist them in exercising their stock options.

6. F.
Disclosure of a registrant’s action to recover erroneously awarded compensation.

- 
not applicable -

ITEM
7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS