Innovotech Inc. — AGM Information 2021

Sep 15, 2021

INNOVOTECH INC.

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the annual general and special meeting (the “ Meeting ”) of the holders (the “ Shareholders ”) of common shares (“ Shares ”) of Innovotech Inc. (“ Innovotech ”) will be via Zoom conferencing on Tuesday, October 12, 2021 at 10:00 a.m. (Edmonton time) for the following purposes:

1. to receive the audited financial statements of Innovotech for the financial year ended December 31, 2020, together with the auditors' report thereon;

2. to appoint D&H Group LLP, Chartered Professional Accountants, as auditors and to authorize the board of directors to fix the auditors' remuneration;

3. to fix the size of the board of directors at seven (7) members;

4. to elect the board of directors to serve until the next annual meeting of the Shareholders or until their successors are duly elected or appointed;

5. to consider, and if thought fit, to pass, with or without variation, an ordinary resolution to approve a stock option plan attached as Schedule C to this Information Circular whereby a maximum of ten (10%) percent of the Corporation’s issued and outstanding Shares will be reserved for issuance from time to time; and

6. to transact such other business as may properly be brought before the Meeting, or any adjournment or adjournments thereof.

Specific details of the matters proposed to be put before the Meeting are set forth in the Information Circular, which Information Circular forms a part of this notice.

Each person who is a Shareholder of record at the close of business on September 7, 2021 (the “ Record Date ”), will be entitled to notice of, and to attend and vote at, the Meeting provided that, to the extent a Shareholder as of the Record Date transfers the ownership of any Shares after such date and the transferee of those Shares establishes that the transferee owns the Shares and demands, not later than 10 days before the Meeting, to be included in the list of Shareholders eligible to vote at the Meeting, such transferee will be entitled to vote those Shares at the Meeting.

Edmonton, Alberta September 7, 2021

By Order of the Board Of Directors (Signed) "Dr. James Timourian" Chairman of the Board

The Corporation is conscious of its responsibility to help slow the spread of the COVID-19 pandemic and reduce its impact on shareholders and their health. The Corporation takes this responsibility seriously. This year, out of an abundance of caution, to proactively deal with the public health impact of the COVID-19 pandemic and to mitigate risks to the health and safety of everyone, the Corporation will hold the Meeting in a virtual-only format, using a virtual platform. SHAREHOLDERS WILL NOT BE ABLE TO ATTEND THE MEETING IN PERSON. Registered shareholders will have an equal opportunity to attend the Meeting online, regardless of their geographic location.

GIVEN THE ONGOING COVID 19 PANDEMIC, THIS ANNUAL GENERAL AND SPECIAL MEETING WILL BE HELD BY TELEPHONE OR WEBCAST AND ADVISE THAT SHAREHOLDERS WILL NOT BE ABLE TO ATTEND THE MEETING IN PERSON OR VOTE AT THE MEETING . THEREFORE WE STRONGLY URGE AND ASK ALL SHAREHOLDERS TO VOTE THEIR SHARES WELL IN ADVANCE OF THE MEETING DATE.

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The Meeting will be held exclusively through Zoom conferencing as a consequence of the COVID-19 pandemic. Shareholders are invited to attend the Meeting using the following log in instructions:

• Topic: Innovotech AGM 2021

• Time: October 12, 2021 10:00 a.m. (Edmonton time)

• Join Zoom Meeting

• https://us02web.zoom.us/j/85477568172?pwd=blJnbUxIOE15WGRvSGFKby8yV1pGUT09

• Meeting ID: 854 7756 8172

• Passcode: 094255

• Call in +1-587-328-1099 (AB Canada) or

• Find your local number at https://us02web.zoom.us/u/kbxmNZImI

YOUR VOTE IS IMPORTANT. Shareholders who held common shares of the Corporation at the close of business on September 7, 2021 are entitled to receive notice and to vote on each of the matters listed above to be voted on at the Meeting. Due to the virtual nature of the Meeting, Shareholders must vote in advance by completing a form of proxy to be received by not later than 48 hours (excluding Saturdays, Sundays and holidays) before the time set for the holding of the Meeting or any adjournment thereof). Shareholders are requested to COMPLETE AND SIGN THE ACCOMPANYING FORM OF PROXY and return it to Computershare Trust Company of Canada, Proxy Dept., 100 University Avenue, 8[th] Floor, Toronto, Ontario, M5J 2Y1. Alternatively, you may vote by telephone at 1-866-732-VOTE (8683) (toll free within North America) or 1-312-588-4290 (outside North America), or by internet using the 15 digit control number located at the bottom of your proxy at www.investorvote.com. All instructions are listed in the proxy form.

Shareholders are cautioned that the use of mail to transmit proxies is at each Shareholder's risk.

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