Company: EDSA
Filing Date: 2025-03-11
Form Type: 424B3
Source: 0001171843-25-001403
Chunk: 20

Company: Edesa Biotech, Inc.
Filing Date: 2025-03-11
Form: 424B3
Chunk 20
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. If amounts payable on a liquidation, dissolution or winding-up of the Company,
or on the occurrence of any other event that entitles the shareholders holding all series of preferred shares to be paid out of the assets
of the Company legally available for distribution to the Company’s shareholders, including a return of capital, are not paid in
full, holders of Preferred Shares must participate rateably in such distribution with holders of all other series of preferred shares.

**Anti-takeover Provisions of our Articles of Incorporation**

In addition to the board of directors’
ability to issue preferred shares, our Articles contain other provisions that are intended to enhance the likelihood of continuity and
stability in the composition of our board of directors and which may have the effect of delaying, deferring or preventing a future takeover
or change in control of the Company unless such takeover or change in control is approved by our board of directors. These provisions
include advance notice procedures for shareholder proposals and a supermajority vote requirement for business combinations.

### Advance Notice Procedures for Shareholder Proposals
Effective October 31, 2013, our board
of directors adopted an advance notice policy (the “Advance Notice Policy”) with immediate effect for the purpose of providing
our shareholders, directors and management with a clear framework for nominating our directors in connection with any annual or special
meeting of shareholders. The Advance Notice Policy was approved by the shareholders at our annual meeting on February 13, 2014.

Purpose of the Advance Notice Policy.
Our directors are committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process;
(ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information with respect to all
nominees; and (iii) allowing shareholders to register an informed vote having been afforded reasonable time for appropriate deliberation.
The purpose of the Advance Notice Policy is to provide our shareholders, directors and management with a clear framework for nominating
directors. The Advance Notice Policy fixes a deadline by which holders of record of our common shares must submit director nominations
to the Company prior to any annual or special meeting of shareholders and sets forth the information that a shareholder must include in
the notice to the Company for the notice to be in proper written form in order for any director nominee to be eligible for election at
any annual or special meeting of shareholders.

Terms of the Advance Notice Policy.
The Advance Notice Policy provides that advance notice to the Company must be made in circumstances where