RE:RE:RE:RE:RE:RE:RE:The Take-OverRepliCel Life Sciences Inc., on the recommendation of an independent committee (the special committee) of its board of directors, has entered into a non-binding letter of intent (LOI) dated March 13, 2024, with 1456390 B.C. Ltd. (the purchaser), a non-arm's-length private British Columbia company owned and controlled by Andrew Schutte, RepliCel's chief executive officer and president, detailing a proposed asset acquisition of all patents currently held by RepliCel, all know-how related to such patents, marketing materials, brand, server data and hardware (collectively, the assets).