Company: AVCRF
Filing Date: 2025-06-16
Form Type: 20-F
Source: 0001641172-25-015266
Chunk: 38

Company: Avricore Health Inc.
Filing Date: 2025-06-16
Form: 20-F
Item: Item 10
Chunk 38
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 call or assessment. All of the common shares of the Company rank equally as to voting rights,
participation in a distribution of the assets of the Company on a liquidation, dissolution or winding-up of the Company and the entitlement
to dividends. The holders of the common shares are entitled to receive notice of all shareholder meetings and to attend and vote at such
meetings. Shareholders are not entitled to cumulative voting. Each common share carries with it the right to one vote. The common shares
do not have pre-emptive or conversion rights. In addition, there are no sinking fund or redemption provisions applicable to the common
shares or any provisions discriminating against any existing or prospective holders of such securities as a result of a shareholder owning
a substantial number of shares.

Share
Certificates

Under
the Articles, a shareholder is entitled to a share certificate representing the number of shares of the Company held or a written acknowledgement
of the shareholder’s right to obtain such a share certificate.

  37  

No
Limitation on Foreign Ownership

There
are no limitations under the Company’s Articles or in the BCA on the right of persons who are not citizens of Canada to hold or
vote common shares.

Dividends

Dividends
may be declared by the Board out of available assets and are paid rateably to holders of common shares. No dividend may be paid if the
Company is, or would thereby become, insolvent.

Voting
Rights

Each
of the Company’s common share is entitled to one vote on matters to which common shares ordinarily vote including the annual election
of directors, appointment of auditors and approval of corporate changes. There are no cumulative voting rights applicable to the Company.

Borrowing
Powers

The
Company, if authorized by the directors, may: (a) borrow money in the manner and amount, on the security, from the sources and on the
terms and conditions that they consider appropriate; (b) issue bonds, debentures and other debt obligations either outright or as security
for any liability or obligation of the Company or any other person and at such discounts or premiums and on such other terms as they
consider appropriate; (c) guarantee the repayment of money by any other person or the performance of any obligation of any other person;
and (d) mortgage, charge, whether by way of specific or floating charge, grant a security interest in, or give other security on, the
whole or any part of the present and future assets and undertaking of