FORM 11

NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT

Name of Listed Issuer: IM Cannabis Corp. (the "Issuer").

Trading Symbol: IMCC

Date: December 17, 2020

 

1. New Options Granted:

Date of Grant: December 15, 2020

Name of Optionee

Position

(Director/

Officer/

Employee/

Consultant/

Management

 Company

Insider Yes or No?

No. of

Optioned Shares

Exercise Price Expiry Date

No. of

Options

Granted in

Past 12

Months

Shimrit Pitchon

Consultant

No

10,000

$2.14

December 15, 2025

0

Yael Asael

Consultant

No

20,000

$2.14

December 15, 2025

0

Dana Epstein

Consultant

No

20,000

$2.14

December 15, 2025

0

Daniel Saperson

Consultant

No

5,000

$2.14

December 15, 2025

0

Ishai Safian

Employee

No

15,000

$2.14

December 15, 2025

0

Total Number of optioned shares proposed for acceptance: 70,000.

 


2. Other Presently Outstanding Options:

Name of Optionee

No. of Optioned

Shares(1)

Exercise

Price

Original Date of

Grant

Expiry Date

Olaf Rosenthal

50,000

$1.78

October 23, 2020

October 23, 2025

Christian Hauck

50,000

$1.78

October 23, 2020

October 23, 2025

Yuval Nachshon

15,000

$1.78

October 23, 2020

October 23, 2025

Bar Abelis

15,000

$1.78

October 23, 2020

October 23, 2025

Stass Shliniik

40,000

$1.45

July 17, 2020

July 17, 2025

Shaked Shuster

15,000

$1.45

July 17, 2020

July 17, 2025

Yaron Berger

500,000

$1.00

June 9, 2020

June 9, 2025

Doron Reznik

500,000

$1.00

June 9, 2020

June 9, 2025

Tomer Oved

75,000

$1.00

June 9, 2020

June 9, 2025

Sivan Adler

15,000

$1.00

June 9, 2020

June 9, 2025

Yael Oz Carmon

90,000

$1.00

June 9, 2020

June 9, 2025

Anna Taranko

75,000

$1.00

June 9, 2020

June 9, 2025

Francesco Bisceglia

75,000

$1.00

June 9, 2020

June 9, 2025

Vivian Bercovici

360,000

$1.00

June 9, 2020

June 9, 2025

Refael Gabay

360,000

$1.00

June 9, 2020

June 9, 2025

Roy Kait

120,000

$1.00

June 9, 2020

June 9, 2025

Oren Shuster

250,000

$1.00

June 9, 2020

June 9, 2025

Rivka Stern

100,000

$1.00

June 9, 2020

June 9, 2025

Ben Brownstein

25,000

$1.00

June 9, 2020

June 9, 2025

Liat Mika Noy

5,000

$1.00

June 9, 2020

June 9, 2025

Yael Harrosh

150,000

$1.00

June 9, 2020

June 9, 2025

Sharon Karuz

5,000

$1.00

June 9, 2020

June 9, 2025

Amir Dvora

25,000

$1.00

June 9, 2020

June 9, 2025

Shai Shemesh

150,000

$1.00

June 9, 2020

June 9, 2025

Ziva Kampinsky

5,000

$1.00

June 9, 2020

June 9, 2025

Amir Goldstein

832,750

$0.40

October 11, 2019

January 4, 2029

Roy Kait

500,000

$0.40

October 11, 2019

January 4, 2029

Oren Shuster

2,000,000

$0.40

October 11, 2019

January 4, 2029

Rivka Stern

159,900

$0.40

October 11, 2019

January 4, 2029

Ryan Walsh

360,000

$0.40

October 11, 2019

September 11, 2029

Ben Brownstein

300,000

$0.40

October 11, 2019

January 4, 2029

Liat Mika Noy

50,000

$0.40

October 11, 2019

September 11, 2029




Marc Lustig

2,700,000

$0.40

October 11, 2019

September 11, 2029

Yael Harrosh

200,000

$0.40

October 11, 2019

January 4, 2029

Sharon Karuz

10,000

$0.40

October 11, 2019

January 4, 2029

Amir Dvora

300,000

$0.40

October 11, 2019

February 3, 2029

Shai Shemesh

250,000

$0.40

October 11, 2019

April 7, 2029

Ziva Kampinsky

10,000

$0.40

October 11, 2019

May 13, 2029

Keren Reuveni

30,000

$0.40

October 11, 2019

August 11, 2029

Mell Willson

30,000

$0.40

October 11, 2019

August 11, 2029

Lior Holtzman

30,000

$0.40

October 11, 2019

August 11, 2029

Shai Filo

30,000

$0.40

October 11, 2019

August 11, 2029

Ben Gabai

30,000

$0.40

October 11, 2019

August 11, 2029

Yoav Shiloni

30,000

$0.40

October 11, 2019

August 11, 2029

Aviv Ben-Ami

30,000

$0.40

October 11, 2019

August 11, 2029

Liz On

10,000

$0.40

October 11, 2019

August 11, 2029

Lea-Shira Weizner

5,831

$0.40

October 11, 2019

August 11, 2029

Omri Tzadok

10,000

$0.40

October 11, 2019

August 11, 2029

Or Hilel

10,000

$0.40

October 11, 2019

August 11, 2029

Korin Avrahami

10,000

$0.40

October 11, 2019

August 11, 2029

Rotem Tzadok

10,000

$0.40

October 11, 2019

August 11, 2029

Nitzan Shalem

10,000

$0.40

October 11, 2019

August 11, 2029

Shai Goldin

10,000

$0.40

October 11, 2019

August 11, 2029

Oded Natan

10,000

$0.40

October 11, 2019

August 11, 2029

Richard Balla

150,000

$0.40

October 11, 2019

July 30, 2029

Steven Mintz

1,000,000

$0.40

October 11, 2019

September 11, 2029

Tehila Cohen

10,000

$0.40

October 11, 2019

September 11, 2029

Balu Gopalakrishnan

16,000

$1.05

October 11, 2019

October 9, 2022

LodeRock Advisors Inc.

350,000

$1.05

October 11, 2019

October 11, 2029



(1) Set out number of optioned shares for each grant with different terms.

3.  Additional Information

(a) If shareholder approval was required for the grant of options (including prior approval of a stock option plan), state the date that the shareholder meeting approving the grant was or will be held. March 16, 2020

(b) State the date of the news release announcing the grant of options. N/A

(c) State the total issued and outstanding share capital at the date of grant or amendment. 159,063,128 common shares

(d) State, as a percentage of the issued and outstanding shares of the Issuer indicated in (c) above, the aggregate number of shares that are subject to incentive stock options, including new options, amended options and other presently outstanding options. 7.94%

(e) If the new options are being granted pursuant to a stock option plan, state the number of remaining shares reserved for issuance under the plan. 3,271,831

(f) If the Issuer has completed a public distribution of its securities within 90 days of the date of grant, state the per share price paid by the public investors. N/A

(g) Describe the particulars of any proposed material changes in the affairs of the Issuer. N/A


(h) If the new options are being granted pursuant to a stock option plan, state the number of remaining shares reserved for issuance under the plan. 3,271,831

4. Certificate of Compliance

The undersigned hereby certifies that:

1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.

2. As of the date hereof there is no material information concerning the Issuer which has not been publicly disclosed.

3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the requirements of applicable securities legislation (as such term is defined in National Instrument 14-101) and all Exchange Requirements (as defined in CNSX Policy 1).

4. All of the information in this Form 11 Notice of Proposed Stock Option Grant or Amendment is true. 

 

Dated December 17 2020.  
  Oren Shuster
  Name of Director or Senior Officer
   
  "Oren Shuster"
  Signature

 

 
  Chief Executive Officer
  Official Capacity