Company: MIRA
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001183
Chunk: 7

Company: MIRA PHARMACEUTICALS, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 7
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 may create the appearance of, conflicts of interest when we are faced
with decisions that could have different implications for MIRALOGX than the decisions have for us. Furthermore, in light of the license
agreement that we have with MIRALOGX, if a dispute were to arise between MIRALOGX and us relating to our past or future relationship
with MIRALOGX or with respect to intellectual property matters, these potential conflicts of interest may make it more difficult for
us to favorably resolve such disputes.

Certain
of our executive officers will not be employed by us on a full-time basis.

Erez
Aminov, our Chief Executive Officer and Chairman of our board of directors, is not employed by our company on a full-time basis. As intended
to be provided in his employment agreement with our company, he works on a part-time and as-needed basis. Because he does not work full
time for our company, instances may occur where he may not be immediately available to provide solutions to problems or address concerns
that arise in the course of us conducting our business and thus adversely affect our business. In addition, he can become subject to
conflicts of interest because he devotes part of his working time to other business endeavors and may have responsibilities to other
entities. Although Mr. Aminov is aware of his duties and accountability to our company and to applicable laws and policies relating to
corporate opportunity and conflicts of interest, such conflicts of interest may include deciding how much time to devote to our affairs,
as well as what business opportunities should be presented to us.

Michelle
Yanez, our Chief Financial Officer, is not employed by our company on a full-time basis. As intended to be provided in her employment
agreement with our company, she works on a part-time and as-needed basis. Because she does not work full time for our company, instances
may occur where she may not be immediately available to provide solutions to problems or address concerns that arise in the course of
us conducting our business and thus adversely affect our business. In addition, she can become subject to conflicts of interest because
she devotes part of her working time to other business endeavors and may have responsibilities to other entities. Although Mrs. Yanez
is aware of her duties and accountability to our company and to applicable laws and policies relating to corporate opportunity and conflicts
of interest, such conflicts of interest may include deciding how much time to devote to our affairs, as well as what business