Fab-Form Industries Ltd. — AGM Information 2020

Feb 27, 2020

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NOTICE OF ANNUAL MEETING

An Annual Meeting of the Shareholders of Fab-Form Industries Ltd. (“Fab-Form” or the “Corporation”) will be held at the Fab-Form Head Office, Unit 19, 1610 Derwent Way, Delta BC V3M 6W1 at 4:00 pm Pacific time on Friday, 26 June 2020 for the following purposes:

1. To receive the Annual Report of the directors to the shareholders, the Financial Statements of the Company and the Auditors Report thereon;

2. To elect directors (either by single resolution or separate votes as the Meeting decides);

3. To appoint auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors;

4. As a special resolution:

   • a. to ratify and approve the exercise of any stock options granted in the previous year or as granted hereunder;

   • b. to authorize and approve the granting and exercise of stock options in the forthcoming year, subject to the approval by the TSX Venture Exchange, and

   • c. to authorize the directors to renegotiate or cancel any existing stock options;

5. To approve, as an ordinary resolution, to grant authority to the Board of Directors to proceed with and complete one or more private placements within the 12-month period following the meeting up to a maximum of 8,822,065 shares or equal to 100% of the current outstanding shares of the Company, and any consequential change in the effective control of the Company, provided that such placements are completed in accordance with the policies of the TSX Venture Exchange;

6. An ordinary resolution that the members ratify, confirm and approve all acts, deeds and things done by and the proceedings of the directors and officers of the company on its behalf since the last Annual General Meeting of the Company, and

7. To transact such further and other business as may properly come before the Meeting or any adjournments thereof.

To pass the proposed special resolutions, an affirmative vote of not less than seventy-five (75%) per cent of the votes cast by the shareholders of the Company present in person or by proxy at the Meeting is required. Shareholders of record at the close of business on 22 May 2019, will be entitled to vote at the meeting and are encouraged to participate either by proxy or in person.

DATED the 27[th] day of February 2020

BY ORDER OF THE BOARD

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Bruce Clark Corporate Secretary