Company: MDCXW
Filing Date: 2025-06-13
Form Type: PRE 14A
Source: 0001062993-25-011673
Chunk: 41

Company: Medicus Pharma Ltd.
Filing Date: 2025-06-13
Form: PRE 14A
Chunk 41
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 issued) certificates representing the new Common Shares to the holders thereof; and

(f)any one officer or director of the Company is authorized to do all acts and to execute and deliver all documents or instruments desirable to give effect to the foregoing, including, without limitation, articles of amendment in the form required pursuant to the Business Corporations Act (Ontario)."

Effective Date

Subject to applicable regulatory requirements, each Share Reorganization Resolution will be effective on the date on which Articles of Amendment are filed and certified by the Ministry of Public and Business Service Delivery (Ontario), on which the directors of the Company determine to carry out such Share Reorganization.

If the Share Reorganization Resolution is approved, no further action on the part of the Shareholders will be required in order for the Board to implement one or more Share Reorganizations.

THE BOARD UNANIMOUSLY RECOMMENDS THAT YOU VOTE "" THE SHARE CONSOLIDATION OR SHARE SPLIT IN PROPOSAL 5.

<div align='center'>PROPOSAL 6 - ARTICLES OF AMENDMENT</div>

At present, a simple majority of the Board is sufficient to remove the duly elected Chairman of the Board. The Board believes it is in the best interest of the Shareholders to increase the voting threshold required to remove the Chairman of the Board to a vote of at least 75% of the Board and to make this provision part of the Articles. The Board believes that continuity in the Chairman of the Board is important to the Company's development and believes that a 75% threshold provides the appropriate assurance of continuity. The Board wishes to put this provision in the Articles so that Shareholders voting by special resolution are the body that has ultimate control over the amendment or removal of this provision.

<div align='center'>- 32 -</div>

The Board wishes to amend the Articles to provide that the director who is elected Chairman of the Board following the Meeting shall remain Chairman of the Board as long as he or she remains a director, unless he or she (i) resigns as Chairman of the Board or (ii) is removed as Chairman of the Board by a vote of not less than 75% of the Board. This amendment would be implemented by adding the following text to the Articles (the "Chairman Amendment"):

"Chairman of the Board of Directors of the Corporation (the "Board"): The individual elected as Chairman of the Board by the Board following the annual general and special meeting of the shareholders held in July 2025 shall remain Chairman of the