Company: MDCXW
Filing Date: 2025-05-30
Form Type: 424B3
Source: 0001062993-25-010580
Chunk: 154

Company: Medicus Pharma Ltd.
Filing Date: 2025-05-30
Form: 424B3
Chunk 154
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 -       | -            |             90,257 |
| Robert J. Ciaruffoli |      75,000 | -           |       30,257 | -       | -            |            105,257 |
| Frank Lavelle        |      60,000 | -           |       30,257 | -       | -            |             90,257 |
| William L. Ashton    |      50,000 | -           |       30,257 | -       | -            |             80,257 |
| Barry Fishman        |      60,000 | -           |       30,257 | -       | -            |             90,257 |
| Dr. Sara R. May(2)   |      30,000 | -           |       76,051 | -       | -            |            106,051 |

(1)Other than Dr. Raza Bokhari, who did not receive any extra compensation for serving as Executive Chairman, all directors were paid $50,000 annually, in quarterly installments, as compensation for Board membership in 2024. In addition, committee Chairs received an annual compensation of $10,000, other than the Chair of the Audit Committee, who received $15,000, and Mr. Ciaruffoli, as the lead director, who received an additional $10,000 per annum.

(2)Dr. Sara R. May joined the Board in June 2024.

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Directors' Service Contracts

There are no arrangements or understandings between us, on the one hand, and any of our directors, on the other hand, providing for benefits upon termination of their service as directors of our company.

Employees

As of the date of this prospectus, we have 12 employees, all of which are full-time employees. None of our current employees were employees of Velocity Fund Partners or of SkinJect prior to the Business Combination.

Equity Incentive Plan

Background

The Board has adopted an Equity Incentive Plan (the "Plan"), which was approved by shareholders on July 28, 2023. The Plan allows for the issuance of restricted share units ("RSUs"), and stock options ("Options", and together with the RSUs, "Awards").

Purpose

The purpose of the Plan is to (i) assist in the reward, retention and motivation of directors, consultants, and