Mr. Sina Habibi reports

CLASS C PREFERRED SHARES - REDEMPTION

Cognetivity Neurosciences Ltd. has received notice of redemption of 14,415,270 Class C shares representing a total redemption amount of $8,360,856. The Class C shares were issued in October, 2023, and are subject to redemption by the company for each Class C preferred shareholder at a price equal to 58 cents per Class C preferred share.

The company is currently in discussions with certain Class C preferred shareholders and third party finance parties to source alternative capital to redeem and/or restructure the Class C preferred shares. Although the company is in advanced discussions with respect to alternative capital sources, there can be no assurance that the company will secure such alternative capital or financing.

We seek Safe Harbor.