Question ???????Is Lynn - wife of SI unload prior SI
Lynn Factor 126 Old Forest Road Toronto, ON, M5P 2R9 The transaction described in item 1 above took place on February 26, 2020, and did not involve any joint actor of Lynn Factor (“Factor”). The joint actor of Factor is Sheldon Inwentash (the “Joint Actor”), 126 Old Forest Hill Road, Toronto, ON M5P 2R9 3. Interest in Securities of the Reporting Issuer On February 26, 2020, Factor acquired ownership of convertible debentures (the “Subject Debentures”), convertible into 3,000,000 units of the Company (the “Subject Units”). Each Subject Unit consists of one common share of the Company (each, a “Subject Share”) and one common share purchase warrant (each, a “Subject Warrant”). The Subject Debentures represented approximately 4.9% of all issued and outstanding common shares of the Company as of February 26, 2020, immediately following the transaction described above, on a partially diluted basis assuming the conversion of the Subject Debentures and the exercise of the Subject Warrants only, resulting in a corresponding increase in the percentage of shares held by Factor as a result of the transaction. Immediately before the transaction described above, Factor and her Joint Actor held an aggregate of 3,666,000 common shares of the Company (the “Pre-Closing Shares”) and convertible securities entitling Factor and the Joint Actor to acquire an additional 9,000,000 common shares of the Company (the “Pre-Closing Convertible Securities”), representing approximately 3.2% of the issued and outstanding common shares of the Company (or approximately 10.1% assuming exercise of such Pre-Closing Convertible Securities only). Of this total, Factor held an aggregate of 2,500,000 of the Pre-Closing Convertible Securities (representing approximately 2.1% of the issued and outstanding common shares of the Company assuming exercise of such Pre-Closing Convertible Securities only), and the Joint Actor held an aggregate of 3,666,000 of the Pre-Closing Shares and 6,500,000 of the Pre-Closing Convertible Securities (representing approximately 3.2% of the issued and outstanding common shares of the Company, or approximately 8.3% assuming exercise of such Pre-Closing Convertible Securities only). - 2 - Immediately following the transaction described above, Factor and the Joint Actor held an aggregate of 3,666,000 common shares (the “Post-Closing Shares”) and convertible securities, including the Subject Debentures, entitling Factor and the Joint Actor to acquire an additional 15,000,000 common shares of the Company (the “Post-Closing Convertible Securities”), representing approximately 3.2% of the issued and outstanding common shares of the Company (or approximately 14.2% assuming exercise of such Post-Closing Convertible Securities only). Of this total, Factor held an aggregate of 8,500,000 of the Post-Closing Convertible Securities (representing approximately 6.8% of the issued and outstanding common shares of the Company assuming exercise of such Post-Closing Convertible Securities only), and the Joint Actor held an aggregate of 3,666,000 of the Post-Closing Shares and 6,500,000 of the Post-Closing Convertible Securities (representing approximately 3.2% of the issued and outstanding common shares of the Company, or approximately 8.3% assuming exercise of such Post-Closing Convertible Securities only).