Company: EDSA
Filing Date: 2025-03-11
Form Type: 424B3
Source: 0001171843-25-001403
Chunk: 21

Company: Edesa Biotech, Inc.
Filing Date: 2025-03-11
Form: 424B3
Chunk 21
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 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 conduct of parties involved in a bid. The National Policy
and NI 62-104 are collectively referred to as the “Bid Reg