Item 2. Properties
ITEM
2. PROPERTIES
Our
principal executive offices are located at Unit 200, 111 Gordon Baker Road, North York, Ontario M2H 3R1. The Company leases all its office
premises in Ontario, Canada. The Company extended the current premises of 4,894 sq. ft. lease to January 1, 2030 and acquired additional
premises of 8,368 square feet adjacent to the current office premises with the same landlord. The additional premises lease also expires
on January 1, 2030. The total area of use by The Company is 13,262 sq. ft. The Company recognized a right-of-use asset and corresponding
lease liability in respect of this lease. We believe that our current office space will be adequate for the foreseeable future.
In addition to its Ontario offices, the Company previously
leased premises located at Unit #601, 2950 Glen Drive, Coquitlam, British Columbia, under a five-year lease that commenced August 1, 2023.
On August 21, 2025, the Company executed a Lease Surrender Agreement with the landlord, providing for the surrender and termination of
the lease effective July 31, 2025. Under the agreement, the Company delivered vacant possession of the premises, surrendered all rights
under the lease, and paid a surrender fee of $24,875.75 plus applicable taxes. The landlord accepted the early surrender subject to the
terms outlined in the agreement.
Our registered and records office is located at 67 Mowat Avenue, Suite
122, Toronto, Ontario M6K 3E3
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.