Replies to post #25711 on Intellipharmaceutics International Inc. (IPCI)

[Amigo Mike]

Angelo,

The Company has also granted performance-based options to Dr. Isa Odidi and Dr. Amina Odidi pursuant to a separate option agreement, which was negotiated at the same time as their employment agreements. These options vest upon the Company attaining certain milestones relating to FDA filings and approvals for Company drugs, such that 276,394 options vest in connection with each of the FDA filings for the first five Company drugs and 276,394 options vest in connection with each of the FDA approvals for the first five Company drugs.

https://www.sec.gov/Archives/edgar/data/1474835/000165495417001523/form20-f.htm

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Amigo Mike