AI assistant
Deepspatial Inc. — Board/Management Information 2020
Sep 25, 2020
46995_rns_2020-09-25_9768434a-8fc0-40a6-8f75-82cc05cdef11.pdf
Board/Management Information
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company Aylen Capital Inc. (the Company) Suite 2502, Scotia Plaza Toronto, Ontario M5H 3Y2
Item 2 Date of Material Change September 24, 2020
Item 3 News Release A press release was disseminated by the Company through GlobeNewswire, and subsequently filed on SEDAR, on September 24, 2020.
Item 4 Summary of Material Change On September 24, 2020, the Company announced that its Chief Executive Officer (CEO), John Pennal, stepped down to attend to personal health issues. The board of directors of the Company has appointed Richard Sutin as interim CEO.
Item 5 Full Description of Material Change On September 24, 2020, the Company announced that its Chief Executive Officer (CEO), John Pennal, stepped down to attend to personal health issues. The board of directors of the Company has appointed Richard Sutin as interim CEO.
Mr. Sutin was a law partner of Mr. Pennal and acted as counsel to the Company and its predecessors for many years. Mr. Sutin's sole task as interim CEO is to steer the Company through completion of its previously announced agreement to combine with Loc8 (operating as DeepSpacial AI).
In addition, Mr. Pennal has also resigned as a director of the Company and has been replaced by his son, John Edward Pennal.
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102 Not applicable.
Item 7 Omitted Information Not applicable.
Item 8 Executive Officer Richard Sutin Interim CEO [email protected]
Item 9 Date of Report September 25, 2020
CAN_DMS: \135539075\1