Company: WKSP
Filing Date: 2025-10-20
Form Type: PRE 14A
Source: 0001493152-25-018681
Chunk: 39

Company: Worksport Ltd
Filing Date: 2025-10-20
Form: PRE 14A
Chunk 39
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. These services may include audit services, audit-related services, tax services and other services. Under our Audit Committee’s policy, pre-approval is generally provided for particular services or categories of services, including planned services, project-based services and routine consultations. In addition, the Audit Committee may also pre-approve particular services on a case-by-case basis. Our Audit Committee approved all services that our independent accountants provided to us in the past two fiscal years.

Required Vote

Ratification of the appointment of Lumsden & McCormick, LLP as the independent auditor of the Company for the Fiscal Year ending December 31, 2025 requires the affirmative vote of the majority of shares present in person or represented by proxy at the Annual Meeting and entitled to vote pursuant to Section 422 of the Code and the rules of Nasdaq. Broker non-votes will not be counted in evaluating the results of the vote.

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<div align='center'>RECOMMENDATION OF THE BOARD OF DIRECTORS</div>

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT STOCKHOLDERS VOTE “FOR” RATIFICATION OF THE APPOINTMENT OF LUMSDEN & MCCORMICK, LLP AS THE INDEPENDENT AUDITOR OF THE COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2025 UNDER PROPOSAL No. 2.

PROPOSAL No. 3: APPROVAL AND RATIFICATION OF CERTAIN NON-PLAN STOCK OPTION GRANTS PREVIOUSLY APPROVED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH NASDAQ LISTING RULE 5635(c)

On July 12, 2025, the Board approved certain stock option grants to officers, directors, employees, and consultants of the Company (the “Non-Plan Grants”). These options were granted outside of the Company’s 2022 Equity Incentive Plan (the “Plan”) to recognize and retain key individuals who have made important contributions to the Company’s growth. Each Non-Plan Grant provides the right to purchase shares of the Company’s common stock at an exercise price equal to the fair market value on the date of grant. The options are subject to vesting conditions and will not become exercisable unless and until stockholders approve this proposal.

Under Nasdaq Listing Rule 5635(c), shareholder approval is required for equity awards made outside a shareholder-approved plan. This proposal seeks stockholder approval and ratification of the Non-Plan Grants to comply with Nasdaq’s requirements and confirm that