On April 10, 2022, Point of Care Nano-Technology, Inc. entered into that certain licensing and distribution agreement with Cedoga Consulting LLC pursuant to which PCNT agreed to license from Cedoga certain intellectual property related to regulated pet nutrition products on an exclusive basis for marketing in the United States, Canada and Mexico with the right to sublicense, distribute and manufacture the Products, as indicated in the License Agreement. As consideration for this license, PCNT agreed to issue to Cedoga 300,000 shares of PCNT common stock on a post-reverse split basis once the PCNT reverse split has been completed. In addition, PCNT will pay Cedoga certain royalties to be received from sublicensing in accordance with the royalty schedule set forth in the License Agreement.

PCNT will operate the business related to the License Agreement and the Products through its newly formed wholly owned subsidiary, Duo Sciences, Inc.