Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 42

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 10
Chunk 42
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 no provisions in its
articles triggered by or affected by a change in outstanding shares which gives rise to a change in control. There are no provisions
in the Company’s material agreements giving special rights to any person on a change in control.

Insider
Share Ownership Reporting

The
Articles of the Company do not require disclosure of share ownership. Share ownership of director nominees must be reported annually
in proxy materials sent to the Company’s shareholders. There are no requirements under the BCA to report ownership of shares of
the Company but Applicable Canadian Securities Law requires disclosure of trading by insiders (generally officers, directors and holders
of 10% of voting shares) within 5 days of the trade. Controlling shareholders (generally those in excess of 20% of outstanding shares)
must provide seven days advance notice of share sales.

Applicable
Canadian Securities Law

Applicable
Canadian Securities Law governs matters typically pertaining to public companies such as continuous quarterly financial reporting, immediate
disclosure of material changes, insider trade reporting, take-over protections to ensure fair and equal treatment of all shareholders,
exemption and resale rules pertaining to non-prospectus securities issuances as well as civil liability for certain misrepresentations,
disciplinary, appeal and discretionary ruling matters. All of the Company’s shareholders regardless of residence have equal rights
under this legislation.

10. C.
Material Contracts

There
are currently no material contracts.

10. D.
Exchange Controls

Canada
has no system of exchange controls. There are no Canadian restrictions on the repatriation of capital or earnings of a Canadian public
company to non-resident investors. There are no laws in Canada or exchange restrictions affecting the remittance of dividends, profits,
interest, royalties and other payments to non-resident holders of the Company’s securities, except as discussed in ITEM 10, “ Taxation”
below.

Restrictions
on Share Ownership by Non-Canadians: There are no limitations under the laws of Canada or in the organizing documents of the Company
on the right of foreigners to hold or vote securities of the Company, except that the Investment Canada Act may require review and approval
by the Minister of Industry (Canada) of certain acquisitions of “control” of the Company by a “non-Canadian”.
The threshold for acquisitions of control is generally defined as being one-third or more of the voting shares of the Company. “ Non-Canadian”
generally means an individual who is not a Canadian citizen, or a corporation, partnership, trust or joint venture that