Item 8.01 Other Events

On December 11, 2020, the holders of 71.68% of the issued and outstanding exchangeable preferred shares of 1894632 Ontario Inc. ("Subco"), a wholly owned subsidiary of Notox Technologies Corp. (the "Company"), approved a change to the rights, privileges, restrictions and conditions attached to such shares by consent in writing in order to delete the "December 31, 2020" date in section 5(b) and replace it with "December 31, 2022". This date represents the date on which all restrictions attached to the preferred shares will automatically expire unless extended by the approval of the holders thereof, and effectively means that those shares cannot be exchanged into shares of the Company's common stock for an additional 24 months, subject to certain limited exceptions.

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