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 Ki llas 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 previo usly, from the Date of Grant of June 29, 2016 to and
including the Expiry Date fixed by the Board at the time th e 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 shar e 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