STOCK OPTION PLAN OPTION CERTIFICATE This certificate is issued pursuant to the provisions of Kaneh Bosm Biotechnology’s (the "Company") Stock Option Plan (the "Plan) and evidences that Scotia Capital In Trust For Daphne Ki llas is the holder (the "Option Holder") of an option (the "Option") to
KANEH BOSM BIOTECHNOLOGY INC
STOCK OPTION PLAN
OPTION CERTIFICATE
This certificate is issued pursuant to the provisions of Kaneh Bosm Biotechnology’s (the "Company") Stock Option Plan (the "Plan) and evidences that Scotia Capital In Trust For Daphne Killas is the holder (the "Option Holder") of an option (the "Option") to purchase up to 100,000 common shares (the "Shares") in the capital stock of the Company at a purchase price of $0.10 per share, subject to the provisions of the Plan and the attached Schedule "A".
The option may be exercised at any time and from time to time from and including the award date through to and including up to 5:00 p.m. local time in Vancouver, B.C. on the expiry date by delivery to the administrator of the plan, the exercise notice, in the form attached hereto as Schedule "B", together with this certificate and a certified cheque or bank draft payable to Kaneh Bosm Biotechnology Inc. in an amount equal to the aggregate of the exercise price of the Shares in respect of which this Option is being exercised.
This certificate and the Option evidenced hereby are not assignable, transferable or negotiable and is subject to the detailed terms and conditions contained in the Plan, the terms and conditions of which the Option Holder hereby expressly agrees with the Company to be bound by. This certificate is issued for convenience only and in the case of any dispute with regard to any matter in respect hereof; the provisions of the Plan and the records of the Company shall prevail.
This option is also subject to any terms and conditions contained in the schedules, if any, attached hereto.
The foregoing Option was issued on June 29, 2016.
KANEH BOSM BIOTECHNOLOGY INC.
Per:
_________________________________ Rudy de Jonge Administrator, Kaneh Bosm Biotechnology Inc.
Stock Option Plan
OPTION CERTIFICATE – SCHEDULE "A"
The additional terms and conditions attached to the Option represented by this certificate are as follows:
A. Vesting
The Options do not have vesting provisions and are immediately exercisable.
B. Effect of termination
The Option granted as evidenced by this option certificate shall be in full force and effect as to such optioned shares in respect of which the Option has not been exercised previously, from the Date of Grant of June 29, 2016 to and including the Expiry Date fixed by the Board at the time the Option were awarded, as the date the Option expires.
Pursuant to section 7.1 of the Plan, termination of employment, consultancy or service on the Board for any reason other than death or disability results in a one-month time limit in which to exercise the Option. Termination because of death or disability results in a twelve-month time limit in which to exercise the Option.
C. Expiry date
The Options will expire on June 29, 2021.
D. Hold Period
Upon exercise, the share certificates will be legended, if applicable, with the Exchange four-month hold period commencing from the date of grant of the Option and expiring on the date which is four months and one day from the date of grant.
KANEH BOSM BIOTECHNOLOGY INC.
Per:
____________________________
Plan Administrator, Kaneh Bosm Biotechnology Inc.
Stock Option Plan
Option Certificate Schedule B to the
NOTICE OF EXERCISE OF OPTION
Date: ______________
To: Plan Administrator, KANEH BOSM BIOTECHNOLOGY INC.
By fax: 1.888.241.5996
This notice is sent to you as the Plan Administrator of the above referenced Stock Option Plan.
No. of stock options exercised: _______________
Share certificate splits: _____________________
Purchase Price: ____________ (enclosed)
Please arrange for delivery by mail of the share certificates to my address at:
___________________________
___________________________
Yours truly,
______________________ Signature of Optionee
______________________ Name of Optionee (printed)
Tel: ___________________
Fax: ___________________
Options Granted Options Exercised Options remaining