Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 24

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 6
Chunk 24
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, or insider of the Company or any of its subsidiaries;

(b) Any
other person employed by a company or individual providing management services to the Company;

(c) Any
other person or company engaged to provide ongoing consulting services for the Company or any entity controlled by the Company or

(d)
Any individual engaged to provide services that promote the purchase or sale of the issued securities (any person in (a), (b), (c)
or (d) hereinafter referred to as an “ Eligible Person”); and

(e) A

For
stock options to Employees, Consultants or Management Company Employees, the Company must represent that the optionee is a bona fide
Employee, Consultant or Management Company Employee as the case may be. The terms “insider” “ Controlled” and
“subsidiary” shall have the meanings ascribed thereto in the Securities Act (Ontario) from time to time. Subject to the foregoing,
the board of directors or Committee, as applicable, shall have full and final authority to determine the persons who are to be granted
options under the Plan and the number of shares subject to each option.

The
Plan shall be administered by the Board of Directors of the Company or a committee established by the Board of Directors for that purpose.
Subject to approval of the granting of options by the Board of Directors or Committee, as applicable, the Company shall grant options
under the Plan.

The
Plan provides that the aggregate number of shares of the Company, which may be issued and sold under the Plan, will not exceed 10% of
the issued shares of the Company. The Company shall not, upon the exercise of any option, be required to issue or deliver any shares
prior to (a) the admission of such shares to listing on any stock exchange on which the Company’s shares may them be listed, and
(b) the completion of such registration or other qualification of such shares under any law, rules or regulation as the Company shall
determine to be necessary or advisable. If any shares cannot be issued to any optionee for whatever reason, the obligation of the Company
to issue such shares shall terminate and any option exercise price paid to the Company shall be returned to the optionee.

  27  

If
a stock option expires or otherwise terminates for any reason without having been exercised in full, the number of common shares reserved
for issuance under that expired or terminated stock option shall again be available for the purposes of the Plan. Any stock option outstanding
when the Plan