FORM 11
NOTICE OF PROPOSED STOCK OPTION GRANT OR AMENDMENT
Name of Listed Issuer: IM Cannabis Corp. (the "Issuer").
Trading Symbol: IMCC
Date: June 11, 2020
1. New Options Granted:
Date of Grant: June 9, 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 Months |
|
Oren Shuster |
Director, Officer |
Yes |
250,000 |
$1.00 |
June 9, 2025 |
2,000,000 |
|
Shai Shemesh |
Officer |
Yes |
150,000 |
$1.00 |
June 9, 2025 |
250,000 |
|
Yaron Berger |
Officer |
No |
500,000 |
$1.00 |
June 9, 2025 |
0 |
|
Yael Harrosh |
Officer |
Yes |
150,000 |
$1.00 |
June 9, 2025 |
200,000 |
|
Roy Kait |
Consultant |
No |
120,000 |
$1.00 |
June 9, 2025 |
500,000 |
|
Doron Reznik |
Employee |
No |
500,000 |
$1.00 |
June 9, 2025 |
0 |
|
Ben Brownstein |
Employee |
No |
25,000 |
$1.00 |
June 9, 2025 |
300,000 |
|
Rivki Stern |
Consultant |
No |
100,000 |
$1.00 |
June 9, 2025 |
360,000 |
|
Amir Dvora |
Employee |
No |
25,000 |
$1.00 |
June 9, 2025 |
300,000 |
|
Tomer Oved |
Employee |
No |
75,000 |
$1.00 |
June 9, 2025 |
0 |
|
Liat Noy |
Employee |
No |
5,000 |
$1.00 |
June 9, 2025 |
50,000 |
|
Sharon Krauz |
Employee |
No |
5,000 |
$1.00 |
June 9, 2025 |
10,000 |
|
Ziva Kampinsky |
Employee |
No |
5,000 |
$1.00 |
June 9, 2025 |
10,000 |
|
Sivan Adler |
Employee |
No |
15,000 |
$1.00 |
June 9, 2025 |
0 |
|
Sharon Rapoport |
Employee |
No |
80,000 |
$1.00 |
June 9, 2025 |
0 |
|
Yael Oz Carmon |
Employee |
No |
90,000 |
$1.00 |
June 9, 2025 |
0 |
|
Anna Taranko |
Employee |
No |
75,000 |
$1.00 |
June 9, 2025 |
0 |
|
Francesco Bisceglia |
Employee |
No |
75,000 |
$1.00 |
June 9, 2025 |
0 |
|
Vivian Bercovici |
Director |
Yes |
360,000 |
$1.00 |
June 9, 2025 |
0 |
|
Refael Gabay |
Director |
Yes |
360,000 |
$1.00 |
June 9, 2025 |
0 |
Total Number of optioned shares proposed for acceptance: 2,965,000.
2. Other Presently Outstanding Options:
|
Name of Optionee |
No. of Optioned Shares(1) |
Exercise Price |
Original Date of Grant |
Expiry Date |
|
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 |
360,000 |
$0.40 |
October 11, 2019 |
January 4, 2029 |
|
Ryan Walsh |
120,000 |
$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 |
|
Amir Goldstein |
833,333 |
$0.40 |
October 11, 2019 |
January 4, 2029 |
|
Marc Lustig |
2,700,000 |
$0.40 |
October 11, 2019 |
September 11, 2029 |
|
Merav Senior |
66,670 |
$0.40 |
October 11, 2019 |
January 4, 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 |
|
Shiran Schwartz |
3,333 |
$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 |
10,000 |
$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 |
360,000 |
$0.40 |
October 11, 2019 |
July 30, 2029 |
|
Jesse Kaplan |
120,000 |
$0.40 |
October 11, 2019 |
September 11, 2029 |
|
Steven Mintz |
1,000,000 |
$0.40 |
October 11, 2019 |
September 11, 2029 |
|
Rafi Carasso |
10,000 |
$0.40 |
October 11, 2019 |
January 4, 2029 |
|
Tehila Cohen |
10,000 |
$0.40 |
October 11, 2019 |
September 11, 2029 |
|
Navjit Dhaliwal |
25,000 |
$1.05 |
October 11, 2019 |
October 9, 2022 |
|
Balu Gopalakrishnan |
25,000 |
$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. 154,678,093 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. 8.3%
(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. 2,599,473
(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
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 June 11, 2020.
| Oren Shuster | |
| Name of Director or Senior Officer | |
| "Oren Shuster" | |
| Signature | |
| Chief Executive Officer | |
| Official Capacity |