Exhibit 2.7
FORM 51-102F3
MATERIAL CHANGE REPORT
| 1. | Name and Address of Company |
Synodon Inc.
6916 Roper Road
Edmonton, AB T6B 3H9
| 2. | Date of Material Change |
March 19, 2015
| 3. | News Release |
A news release announcing the material change was disseminated through Marketwired on March 19, 2015.
| 4. | Summary of Material Change |
Synodon Inc. (“Synodon”) announced the appointment of Mr. Paul van Eeden as the Executive Chairman of Synodon and the signing of a proposed bridge loan term sheet with a company controlled by Mr. van Eeden.
| 5. | Full Description of Material Change |
Synodon announced the appointment of Mr. Paul van Eeden as Executive Chairman of the company. Ms. Nancy Laird, the current Chair of Board, has been appointed as the company’s Lead Director.
Synodon and Cranberry Capital Inc. (“Cranberry Capital”), a private investment company controlled by Mr. van Eeden, executed a term sheet for a $3 million bridge loan facility that is anticipated to close by March 31st. The purpose of the bridge loan is to ensure the continuing operations of Synodon and allow it to proceed with the construction of two additional realSens™ instruments until such time as more permanent capital can be put in place. The loan bears interest at 12% per annum and Synodon agreed to pay Cranberry Capital a setup fee of $100,000 in conjunction with the loan on closing.
| 6. | Reliance on subsection 7.1(2) of National Instrument 51-102 |
This Report is not being filed on a confidential basis in reliance on subsection 7.1(2) of National Instrument51-102.
| 7. | Omitted Information |
No information has been omitted on the basis that it is confidential information.
| 8. | Executive Officer |
Adrian Banica, President and Chief Executive Officer of Synodon Inc. is knowledgeable about the material change and the Report and may be reached at 780-468-9568.
| 9. | Date of Report |
March 26, 2015
