Plurilock Security Inc. (PLUR) Earnings Call Transcript & Summary

Okay. My name is Ali Hakimzadeh, I'm Chairman of the Board. Welcome to the Annual General Meeting of the shareholders Plurilock Security Inc. In accordance with the articles of the company and with the consent of the meeting, I will act as Chair of the meeting. Appointment of secretary and scrutineer. I appoint Jan Urata of Take It Public Services to act as Recording Secretary of the meeting. Odyssey Trust Company, the company's transfer agent has provided us with a scrutineer, therefore, I appoint Kari Hobbis to act as scrutineer of the meeting. We will now proceed with the formal portion of today's meeting. To expedite the formal business of the meeting and in accordance with the articles of the company, I will propose all motions. A seconder is not required. Notice of the meeting. The company used notice and access to deliver the meeting materials to shareholders on May 20, 2025. A notice and access notification and proxy was mailed to all shareholders of record as of May 9, 2025, and the meeting materials, including the management information circular dated May 9, 2025 were posted on the company's website and on SEDAR+. Pursuant to notice and access, a sufficient supply of printed circular was provided to Broadridge Financial Solutions and Odyssey for any shareholders requesting a copy. Unless there are any objections, I propose we dispense with the reading of the notice of the meeting. The affidavit of mailing was provided by Odyssey in accordance with the articles of the company, which will be filed with the minutes of the meeting. Scrutineer's report and quorum. I now ask that the scrutineer read her report on the attendance at the meeting.

I report there are 0 shareholders in person. There are 55 shareholders by proxy representing 7,659,297 shares for a total of 9.75% of the issued and outstanding.

Okay. I adopt the report of the scrutineer and declare the attendance at this meeting to be therein set out. I declare that there is a quorum of shareholders present and that this meeting has been regularly called and properly constituted for the transaction of business. Financial statements. The first item of business is the presentation of the audited consolidated statements of the company for the year ended December 31, 2024. The report of the auditor thereon and the related management discussions and analysis. The financial materials were filed on SEDAR+ in accordance with the securities legislation. Accordingly, unless someone specifically requests that I do so, I would propose that the auditors report not be read at the meeting and will consider them received by the shareholders as submitted to the meeting. Setting number of directors. The next item of business is setting the number of directors at 5. Is there any discussion on this motion? Hearing none, I move the number of directors at 5 -- be set at 5. I declare the motion carried. The election of directors. The next item of business is the election of directors. The Board of Directors presently consists of 5 directors whose terms of office are deemed to have expired today pursuant to our company's articles. The circular contains the names of 5 persons who are proposed for the election of this meeting. These 5 proposed nominees are Ian Patterson, William Edward Hammersla III, Jennifer Swindell, Blake Corbet and Ali Hakimzadeh. Is there any discussion regarding this motion? Hearing none, I declare that the persons nominated have been elected directors of the company by acclamation to hold office until the next Annual Meeting of the Shareholders of the company subject to the provisions of the articles of the company or the British Columbia Business Corporations Act. Appointment of auditors. The next item of business is the reappointment of the company's auditors, MNP LLP, Chartered Accountants, first appointed on July 2, 2024. Any discussions on this motion? Hearing none, I move to appoint MNP LLP, Chartered Professional Accountants as auditors of the company until the next Annual Meeting of Shareholders of the company or until a successor is appointed at a remuneration to be fixed by the directors. I declare the motion carried. Approved amended omnibus incentive plan. The next item of business is the consideration of ordinary resolution to ratify, confirm and approve the adoption of the company's amended omnibus incentive plan as described in the circular. With the permission of the meeting, I will dispense with the reading of the resolution to the meeting, the full text of which is set out on Page 22 of the circular. Any discussions of this resolution? Hearing none, I move to approve the resolution to ratify, confirm and approve the adoption of the amended plan. I declare the motion carried. Approve amended articles. The next item of business is the consideration of ordinary resolution to ratify, confirm and approve the alteration of the articles of the company, as described in the circular. With the permission of the meeting, I will dispense with reading the resolution of the meeting, the full text of which is set forth on Page 25 and 26 of the circular. Is there any discussions on this resolution? Hearing none, I move to approve the resolution of shareholders to ratify, confirm and approve alterations of the articles. I declare the motion carried. Termination of the meeting. This completes the formal business of this meeting and a motion for termination of this meeting is now in order. I move that this meeting be terminated. I declare the motion carried. Thank you, everybody. Are there any questions from anybody on the line here? Okay. Well, thank you for attending, and have a great day.

Thank you.