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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933</P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B><U>GREENESTONE HEALTHCARE CORPORATION</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(Exact name of registrant as specified
        in its charter)</P></TD></TR>
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    <TD STYLE="width: 63%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B><U>Colorado</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(State or other jurisdiction of incorporation
        or organization)</P></TD>
    <TD STYLE="width: 37%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: right; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B><U>84-1227328</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(I.R.S. Employer Identification No.)</P></TD></TR>
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    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B>Suite 300, 5734 Yonge Street</B><BR>
        <B><U>North York, Ontario, Canada</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(Address of Principal Executive Offices)</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B><U>M2M 4E7</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(Zip Code)</P></TD></TR>
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    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B><U>2013 Stock Option Plan</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(Full title of the plan)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B><U>InCorp Services Inc., 36 South
        18th Avenue, Suite D, Brighton, CO 80601</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(Name and address of agent for service)</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center"><B><U>(416) 222-5501</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">(Telephone number, including area
        code, of agent for service)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-align: center">&nbsp;</P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of
&ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2
of the Exchange Act.</P>

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    <TD STYLE="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Large accelerated filer</FONT></TD>
    <TD STYLE="width: 6%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 21%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 39%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Accelerated filer</FONT></TD>
    <TD STYLE="width: 5%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></TD></TR>
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    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Non-accelerated filer</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Wingdings">&#168;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Smaller reporting company</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Wingdings">&#254;</FONT></TD></TR>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CALCULATION OF REGISTRATION FEE</B></P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center"><B>Title of Securities to be Registered</B></P></TD>
    <TD STYLE="width: 14%; padding-left: 6pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>&nbsp;Amount to be Registered <SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="width: 18%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center"><B>Proposed Maximum</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center"><B>Offering Price Per Share <SUP>(2)</SUP></B></P></TD>
    <TD STYLE="width: 16%; padding-left: 6pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Proposed Maximum Aggregate Offering Price <SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="width: 12%; padding-left: 6pt; font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of Registration Fee</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-indent: 0.5in"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center">Common Stock</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center">$0.01 par value</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center">11,500,000</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center">Shares</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center">$0.29</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center">&nbsp;</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center"><FONT STYLE="color: #222222">$</FONT><FONT STYLE="color: black">3,335,000</FONT></P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">$454.89</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 6pt; text-align: center">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.3pt 0 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 31.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt"><SUP>(1)</SUP></FONT></TD><TD STYLE="text-align: justify; padding-right: 15.3pt"><FONT STYLE="font-size: 10pt">This registration statement primarily covers
Registrant&rsquo;s common stock and common stock underlying Series B Preferred Stock issuable pursuant to Registrant&rsquo;s 2013
Stock Option Plan. Series B Preferred Stock is convertible into Registrant&rsquo;s common stock at a 1 to 10 ratio, subject to
such conditions as the Company&rsquo;s Board of Directors may specify from time to time. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0 15.3pt 0 85.5pt; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 15.3pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 31.5pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt"><SUP>(2)</SUP></FONT></TD><TD STYLE="text-align: justify; padding-right: 15.3pt"><FONT STYLE="font-size: 10pt">Estimated solely for the purpose of calculating
the registration fee. Pursuant to Rule 457(c) under the Securities Act, the proposed maximum offering price per share and the proposed
maximum aggregate offering price have been determined on the basis of the average of the high and low prices reported in the consolidated
reporting system as of a specified date within five business days prior to the date of filing the registration statement.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">_______________&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Copies to:</P>

<P STYLE="font: 9pt Sans-Serif; margin: 0; text-align: center; color: Red"><IMG SRC="image_001.gif" ALT=""></P>

<P STYLE="font: 10pt Cambria; margin: 0; text-align: center">Attn.: Sunny J. Barkats, Esq.</P>

<P STYLE="font: 10pt Cambria; margin: 0; text-align: center">Andres Rueda, Esq.</P>

<P STYLE="font: 10pt Cambria; margin: 0; text-align: center">18 East 41<SUP>st</SUP> Street, 19<SUP>th</SUP> Floor</P>

<P STYLE="font: 10pt Cambria; margin: 0; text-align: center">New York, NY 10017</P>

<P STYLE="font: 10pt Cambria; margin: 0; text-align: center">Tel (646) 502-7001</P>

<P STYLE="font: 10pt Cambria; margin: 0; text-align: center">Fax (646) 607-5544</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center; text-indent: 0in">www.JSBarkats.com</P>

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<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><U>Section 10(a) Prospectus</U>: Items 1 and 2, from
this Part I, and the documents incorporated by reference pursuant to Part II, Item 3 of this prospectus meet the information requirements
with respect to information set forth on a prospectus pursuant to Section 10(a) of the Securities Act of 1933, as amended (the
&ldquo;<U>Securities Act</U>&rdquo;) as relevant for Form S-8.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Item 1. Plan Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<TABLE STYLE="font: 12pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-size: 10pt">(a)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>General Plan Information</U>.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Greenestone Healthcare Corporation (&ldquo;<U>we</U>&rdquo;,
&ldquo;<U>us</U>&rdquo;, or the &ldquo;<U>Company</U>&rdquo;) will provide each participant (the &ldquo;<U>Participant</U>&rdquo;)
with documents that contain information related to our 2013 Stock Option Plan (attached hereto as exhibit 1.1, hereinafter the
&ldquo;<U>Stock Option Plan</U>&rdquo; or the &ldquo;<U>Plan</U>&rdquo;) and other information including, but not limited to, the
disclosure required by Item 1 of Form S-8, which information is not filed as a part of this Registration Statement on Form S-8
(the &ldquo;<U>Registration Statement</U>&rdquo;). The foregoing information and the documents incorporated by reference in response
to Item 3 of Part II of this Registration Statement taken together constitute a prospectus that meets the requirements of Section
10(a) of the Securities Act. A Section 10(a) prospectus will be given to each Recipient who receives shares covered by this Registration
Statement, in accordance with Rule 428(b)(1) under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The purpose of the Plan is to secure for the
Company and its shareholders the benefits arising from capital stock ownership by employees, officers and directors of, and consultants
or advisors to the Company or its subsidiaries, who are expected to contribute to the Company&rsquo;s future growth and success.
The Plan will be administered by the Board of Directors of the Company (the &ldquo;<U>Board of Directors</U>&rdquo; or the &ldquo;<U>Board</U>&rdquo;),
whose construction and interpretation of the terms and provisions of the Plan shall be final and conclusive. The Stock Option Plan
is not subject to any provisions of the Employee Retirement Income Security Act of 1974, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Participants may obtain additional information on the Stock Option
Plan by contacting Shawn E. Leon, Chief Executive Officer, at:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Greenestone Healthcare Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">5734 Yonge Street, Suite 300</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">North York, Ontario, Canada M2M 4E7</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Tel.: (416) 222-5501</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right"><FONT STYLE="font-size: 10pt">(b)</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><U>Securities to be Offered</U>.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Subject to certain adjustments, the maximum
number of shares of the Company which may be issued and sold under the Plan is 5,000,000 Series B Preferred Stock. Series B Preferred
Stock are convertible into the Company&rsquo;s common stock at a 1 to 10 ratio, subject to such conditions as the Board may specify
at its sole discretion. Series B Preferred Stock has no rights prior to such conversion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Employees Who May Participate in Plan</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Awards under the Plan may be granted to persons
who are, at the time of grant, employees, officers or directors of, or consultants or advisors to, the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(d)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Purchase of Securities Pursuant to the Plan and Payment for Securities Offered</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The purchase price per share of stock deliverable
upon the exercise of an option granted under the Plan shall be determined by the Board of Directors, provided, however, that in
the case of an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended (the &ldquo;<U>Code</U>&rdquo;)
(an &ldquo;<U>Incentive Stock Option</U>&rdquo;), the&nbsp;exercise price shall not be less than 100% of the fair market value
of such stock, as determined by the Board of Directors, at the time of grant of such option, or less than 110% of such fair market
value in the case of options granted to certain persons deemed to possess more than 10% of the total combined voting power of
all classes of stock of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Options granted under the Plan may provide
for the payment of the exercise price by delivery of cash or a check to the order of the Company in an amount equal to the exercise
price of such options, or, to the extent provided in the applicable option agreement, (i) by delivery to the Company of shares
of the Company already owned by the optionee having a fair market value equal in amount to the exercise price of the options being
exercised, (ii) by any other means (including, without limitation, by delivery of a promissory note of the optionee payable on
such terms as are specified by the Board of Directors) which the Board of Directors determines are consistent with the purpose
of the Plan and with applicable laws and regulations, or (iii) by any combination of such methods of payment. The Board of Directors
will determine the fair market value of any shares of the Company&rsquo;s common stock or other non-cash consideration delivered
upon exercise of an option granted under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Any securities awarded shall be issued by the
Company directly to the Participant and shall not be purchased in the open market.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(e)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Resale Restrictions</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Prior to their conversion into the Company&rsquo;s
common stock, the Series B Preferred Stock are restricted securities and are accordingly subject to resale, distribution, and transfer
restrictions under applicable law, including, <I>inter alia</I>, those imposed by the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Each option granted under the Plan will be
subject to the requirement that if, at any time, counsel to the Company determines that the listing, registration or qualification
of the shares subject to such option upon any securities exchange or under any state or federal law, or the consent or approval
of any governmental or regulatory body, or that the disclosure of non-public information or the satisfaction of any other condition
is necessary in connection with the issuance or purchase of shares thereunder, such option may not be exercised, in whole or in
part, unless such listing, registration, qualification, consent or approval, or satisfaction of such condition has been obtained
on conditions acceptable to the Board of Directors. The Plan does not require the Company to apply for or to obtain such listing,
registration or qualification, or to satisfy such condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(f)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Tax Effects of Plan Participation.</U></TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Participant alone will bear any tax consequences
arising from the grant, or vesting or exercise of any award under the Plan, from the payment for shares covered thereby, or from
any other event or act (of the Company, and/or its affiliates, or the Participant). The Company may deduct from payments of any
kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect
to any shares issued upon exercise of options under the Plan. Subject to the prior approval of the Company, which may be withheld
by the Company in its sole discretion, the Participant may elect to satisfy such obligations, in whole or in part, (i) by causing
the Company to withhold shares of the Company otherwise issuable pursuant to the exercise of an option, or (ii) by delivering to
the Company shares of the Company already owned by the optionee. The shares so delivered or withheld will have a fair market value
equal to such withholding obligation. The fair market value of the shares used to satisfy such withholding obligation will be determined
by the Company as of the date that the amount of tax to be withheld is to be determined.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The receipt of an award under the Plan and/or
the acquisition of shares issued upon the exercise of options or rights granted under the Plan may result in tax consequences.
The description of tax consequences set forth in the Plan or herein does not purport to be complete, up to date or to take into
account any special circumstances relating to a given Participant. Participants are accordingly advised to consult their own tax
advisers as to those circumstances.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>





<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(g)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Investment of Funds</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">N/A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(h)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Withdrawal from the Plan; assighment of Interest.</U></TD>
</TR></TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Subject to the provisions of the Plan, the
Board of Directors will determine the period of time during which a Participant may exercise an option following (i) the termination
of the Participant&rsquo;s employment or other relationship with the Company, or (ii) the death or disability of the Participant.
Such periods will generally be set forth in the agreement evidencing such option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">In addition, no Incentive Stock Option may
be exercised unless, at the time of such exercise, the Participant is, and has been continuously since the date of grant of his
or her option, employed by the Company, except that an Incentive Stock Option may be exercised within the period of three months
after the date the Participant ceases to be an employee of the Company (or within such lesser period as may be specified in the
applicable option agreement). In the event that the agreement with respect to such option designates a longer exercise period,
the exercise after such three-month period will be treated as the exercise of a non-statutory option under the Plan. If the Participant
dies while in the employ of the Company, or within three months after the Participant ceases to be such an employee, the Incentive
Stock Option may be exercised by the person to whom it is transferred by will or the laws of descent and distribution within the
period of one year after the date of death (or within such lesser period as may be specified in the applicable option agreement).
If the Participant becomes disabled while in the employ of the Company, the Incentive Stock Option may be exercised within the
period of one year after the date the Participant ceases to be such an employee because of such disability (or within such lesser
period as may be specified in the applicable option agreement). Notwithstanding the foregoing provisions, no Incentive Stock Option
may be exercised after its expiration date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Options granted under the Plan are generally
nontransferable and may not be assigned. Except as the Board of Directors may otherwise determine or provide in an option or other
agreement, options accordingly are not be assignable or transferable by the person to whom they are granted, either voluntarily
or by operation of law, except by will or the laws of descent and distribution, and, during the life of the Participant, may be
exercisable only by the Participant, except in limited circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(i)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Forfeitures and Penalties</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">As described in subsection (h) above, the Board
of Directors will determine the period of time during which a Participant may exercise an option following (i) the termination
of the Participant&rsquo;s employment or other relationship with the Company, or (ii) the death or disability of the Participant.
Such periods generally will be set forth in the agreement evidencing such option.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 39pt; text-align: right">(j)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><U>Charges and Deductions and Liens Therefor</U>.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Company has the right to deduct from payments
of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with
respect to any shares issued upon exercise of options under the Plan. As described above in subsection (f) above, the Company accordingly
may make such provisions and take such steps as it may deem necessary or appropriate for the withholding of all taxes required
by law to be withheld with respect to awards granted under the Plan and the exercise thereof. In addition, the Participant will
be required to pay any amount due in excess of the tax withheld and transferred to the tax authorities, pursuant to applicable
tax laws, regulations and rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Except as stated above, there are no provisions
under the Plan which grants any person the right to have or create a lien on any funds, securities or other property held under
the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 2. Registrant&rsquo;s Information and Employee Plan Annual
Information.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">We will provide to each Participant a written
statement advising them of the availability of documents incorporated by reference in Item 3 of Part II of this Registration Statement
(which documents are incorporated by reference in this Section 10(a) prospectus) and of documents required to be delivered pursuant
to Rule 428(b) under the Securities Act without charge and upon written or oral notice by contacting:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Shawn E. Leon</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Greenestone Healthcare Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">5734 Yonge Street, Suite 300</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">North York, Ontario, Canada M2M 4E7</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Tel.: (416) 222-5501</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">INFORMATION REQUIRED BY PART I TO BE CONTAINED
IN A SECTION 10(a) PROSPECTUS IS OMITTED FROM THE REGISTRATION STATEMENT IN ACCORDANCE WITH RULE 428 UNDER THE SECURITIES ACT OF
1933, AND NOTE TO PART I OF FORM S-8.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PART II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 3. Incorporation of Documents
by Reference.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The following documents (the &ldquo;<U>Incorporated
Documents</U>&rdquo;) filed by the Company with the Securities and Exchange Commission are incorporated by reference into this
Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE STYLE="font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 39pt"></TD><TD STYLE="width: 5pt">(1)</TD><TD STYLE="text-align: justify">Annual Report on Form 10-K for the fiscal year ended December 31, 2011, filed with the Commission
on April 2, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2012, filed with the Commission
on November 15, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012, filed with the Commission
on August 15, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(4)</TD><TD STYLE="text-align: justify">Current Report on Form 8-K, filed with the Commission on July 3, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(5)</TD><TD STYLE="text-align: justify">Current Report on Form 8-K, filed with the Commission on June 19, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(6)</TD><TD STYLE="text-align: justify">Current Report on Form 8-K filed with the Commission on May 18, 2012.</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(8)</TD><TD STYLE="text-align: justify">Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2012, filed with the Commission
on May 15, 2012.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">All reports and other documents subsequently
filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which de-registers all securities then remaining unsold,
shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing
of such reports and documents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Any statement contained in an Incorporated
Document shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed Incorporated Document modifies or supersedes such statement. Any such statement
so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 4.
Description of Securities.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">This S-8 Registration Statement primarily pertains
to the Company&rsquo;s common stock and Series B Preferred Stock. Series B Preferred Stock is convertible into Common Stock at
a 1 to 10 ratio, subject to such conditions as the Company&rsquo;s Board of Directors from time to time may specify at its sole
discretion. Series B Preferred Stock has no rights prior to such conversion. This S-8 Registration Statement also pertains to 1,500,000
shares of common stock, par value $0.01 per share, issued by the Company to Sunny J. Barkats, an attorney affiliated with JS Barkats,
PLLC, the Company&rsquo;s legal counsel, as consideration for services rendered.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 5. Interests of Named Experts
and Counsel.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">JS Barkats, PLLC prepared this S-8 Registration
Statement and is the Company&rsquo;s primary legal counsel with respect to corporate and securities matters. Sunny Barkats, an
attorney with JS Barkats, PLLC will receive an aggregate of&nbsp;1,500,000 shares of the Company&rsquo;s common stock under this
Registration Statement as compensation for such legal services and counsel.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 6. Indemnification
of Directors and Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Our officers and directors are indemnified
as provided by the Colorado Business Corporations Act and our Company&rsquo;s By Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Pursuant to the By Laws, the Company may
indemnify (if so determined by the Company&rsquo;s Board of Directors or, in certain instances, by a court of law) a director
or former director of the Company against liability (including attorney fees) incurred in any Company-related judicial or
other proceeding. Such director must have conducted himself in good faith and must have reasonably believed, in acting in his
official capacity as a director of the Company, that his conduct was in the Company&rsquo;s best interests, or, when acting
in any other capacity, not opposed to the Company&rsquo;s best interests. In addition, in the case of criminal proceedings,
the director must have had no reasonable cause to believe that his conduct was unlawful.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Company may however be required to indemnify
(against reasonable expenses, including attorney fees) a director or former director of the Company who was wholly successful,
on the merits or otherwise, in defense of any Company-related proceeding to which he was a party. Officers of the Company may also
be entitled to such mandatory indemnification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The By Laws do not permit the Company to indemnify
a director or former director of the Company in certain instances. Thus, the Company may not indemnify a director in respect of
a proceeding brought by or on behalf of the Company where the director was determined to have been liable. In addition, the Company
may not indemnify a director where that director has been found to have been liable in improperly receiving a personal benefit
from the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Company may advance reasonable expenses
to persons who may be entitled to mandatory or voluntary indemnification from the Company subject to certain restrictions, including
an undertaking by the person requesting indemnification to repay the advance if the person is ultimately determined not be entitled
to such indemnification.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">The Company, by resolution of its Board of
Directors or its shareholders, may also indemnify an officer, employee or agent of the Company (and advance indemnification expenses
to such person) to a greater extent than provided in the By Laws, or if contractually required to do so.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">From time to time, the Company may purchase
and maintain insurance on behalf of an individual performing functions on the Company&rsquo;s behalf against liabilities asserted
against such person in relation to such functions, whether or not the Company would otherwise have the power to indemnify such
person under the Company&rsquo;s By Laws. The Company currently has not purchased and does not maintain any such policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 7. Exemption from Registration Claimed.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 8. Exhibits.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Exhibit Number</U></FONT></TD>
    <TD STYLE="width: 89%; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-size: 10pt"><U>Description</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">5.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt"><A HREF="ex5_1jsbarkats.htm">Opinion of JSBarkats, PLLC regarding the validity of the securities; consent to use</A></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt">23.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-size: 10pt; text-underline-style: none; color: windowtext"><A HREF="ex23_1accountantconsent.htm">Consent of Jarvis Ryan Associates, Independent Registered Public Accounting Firm</A></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify">99.1</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt; text-align: justify"><A HREF="ex99_1stockoptionplan.htm">2013 Stock Option Plan</A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>Item 9. Undertakings.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">A.&#9;The undersigned registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">(1)&#9;To file, during any period in which
offers or sales are being made, a post-effective amendment to this registration statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(i)&#9;To include any prospectus required by section 10(a)(3) of the Securities
Act;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(ii)&#9;To reflect
in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from
the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) of the Securities Act, if, in the aggregate, the changes in volume and price represent no
more than 20% change in the maximum aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo;
table in the effective registration statement; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(iii) &#9;To include
any material information with respect to the plan of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement; provided, however, that paragraphs (i) and (ii) of
this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of
the Exchange Act that are incorporated by reference in the registration statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">(2)&#9;That, for the purpose of determining
any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(3)&#9;To remove from registration by means
of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(4)&#9;That, for the purpose of determining
liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities: The undersigned
registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement,
regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such
purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will
be considered to offer or sell such securities to such purchaser:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(i)&#9;Any preliminary
prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(ii)&#9;Any free writing
prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned
registrant;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(iii)&#9;The portion of
any other free writing prospectus relating to the offering containing material information about the undersigned registrant or
its securities provided by or on behalf of the undersigned registrant; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">(iv)&#9;Any other communication
that is an offer in the offering made by the undersigned registrant to the purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">B.&#9;The undersigned registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act, each filing of the registrant&rsquo;s annual report
pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee
benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference
in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">C. Insofar as indemnification for
liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the
registrant pursuant to the Delaware General Corporation Law, the Articles of Incorporation of the registrant, the Bylaws of
the registrant, indemnification agreements entered into between the registrant and its officers and directors or otherwise,
the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant in successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered
hereunder, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication of such issue.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;<B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with the requirements of the
Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and authorized this registration statement to be signed on its behalf by the undersigned, in North York,
Ontario, Canada, on April 1, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt"><B>Greenestone Healthcare Corporation</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt; text-indent: 0.5in">&nbsp;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 2%; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; width: 48%; padding-left: 5.4pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><U>/s/ Shawn E. Leon</U></FONT></TD>
    <TD STYLE="width: 50%; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Shawn E. Leon</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Chief Executive Officer and Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt"></P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><U>/s/ Dr. Luke Fazio</U></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Dr. Luke Fazio</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Director&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><U>/s/ Michael Howlett</U></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Michael Howlett</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt"></P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><U>/s/ Ken Lorimer</U></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Ken Lorimer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Chief Financial Officer</P></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><U></U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt"><FONT STYLE="background-color: yellow"><B></B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>


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<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;<B>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below constitutes and appoints Shawn E. Leon as his true and lawful attorney-in-fact and agent,
with full power of substitution and re-substitution, for him and in his name, place and stead, in any and all capacities, to sign
any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto said attorney-in-fact
and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or any of them, or of their substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Pursuant to the requirements of the Securities
Act, this registration statement has been signed by the following persons in the capacities and on the dates stated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 49%; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><U>/s/ Shawn E. Leon</U></FONT></TD>
    <TD STYLE="width: 42%; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">April 1, 2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Shawn E. Leon</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Chief Executive Officer and Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt"></P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><U>/s/ Dr. Luke Fazio</U></FONT></TD>
    <TD STYLE="padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">April 1, 2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Dr. Luke Fazio</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt"></P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><U>/s/ Michael Howlett</U></FONT></TD>
    <TD STYLE="padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">April 1, 2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Michael Howlett</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt"></P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="width: 9%; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 49%; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><U>/s/ Ken Lorimer</U></FONT></TD>
    <TD STYLE="width: 42%; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">April 1, 2013</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Ken Lorimer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">Chief Financial Officer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.4pt">&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/0.05pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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[{"type": "S-8", "sequence": "1", "filename": "s8_greenstone.htm", "description": "FORM S-8 GREENSTONE HEALTHCARE CORPORATION", "secsgml_size_bytes": 98241}]
{"company-data": {"conformed-name": "GREENESTONE HEALTHCARE CORP", "cik": "0000792935", "assigned-sic": "8062", "irs-number": "841227328", "state-of-incorporation": "CO", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-187655", "film-number": "13731745"}, "business-address": {"street1": "5734 YONGE ST.", "street2": "SUITE 300", "city": "TORONTO", "state": "A6", "zip": "M2M 4E7", "phone": "416-222-5501"}, "mail-address": {"street1": "5734 YONGE ST.", "street2": "SUITE 300", "city": "TORONTO", "state": "A6", "zip": "M2M 4E7"}, "former-company": {"former-conformed-name": "NOVA NATURAL RESOURCES CORP", "date-changed": "19920703"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933
GREENESTONE HEALTHCARE CORPORATION
(Exact name of registrant as specified
        in its charter)
Colorado
(State or other jurisdiction of incorporation
        or organization)
84-1227328
(I.R.S. Employer Identification No.)
Suite 300, 5734 Yonge Street
North York, Ontario, Canada
(Address of Principal Executive Offices)
M2M 4E7
(Zip Code)
2013 Stock Option Plan
(Full title of the plan)
InCorp Services Inc., 36 South
        18th Avenue, Suite D, Brighton, CO 80601
(Name and address of agent for service)
(416) 222-5501
(Telephone number, including area
        code, of agent for service)
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of
"large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2
of the Exchange Act.
Large accelerated filer
¨
Accelerated filer
¨
Non-accelerated filer
¨
Smaller reporting company
þ
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be Registered
(1)
Proposed Maximum
Offering Price Per Share
(2)
Proposed Maximum Aggregate Offering Price
(2)
Amount of Registration Fee
Common Stock
$0.01 par value
11,500,000
Shares
$0.29
$
3,335,000
$454.89
(1)
This registration statement primarily covers
Registrant's common stock and common stock underlying Series B Preferred Stock issuable pursuant to Registrant's 2013
Stock Option Plan. Series B Preferred Stock is convertible into Registrant's common stock at a 1 to 10 ratio, subject to
such conditions as the Company's Board of Directors may specify from time to time.
(2)
Estimated solely for the purpose of calculating
the registration fee. Pursuant to Rule 457(c) under the Securities Act, the proposed maximum offering price per share and the proposed
maximum aggregate offering price have been determined on the basis of the average of the high and low prices reported in the consolidated
reporting system as of a specified date within five business days prior to the date of filing the registration statement.
_______________
Copies to:
Attn.: Sunny J. Barkats, Esq.
Andres Rueda, Esq.
18 East 41
st
Street, 19
th
Floor
New York, NY 10017
Tel (646) 502-7001
Fax (646) 607-5544
www.JSBarkats.com
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a)
PROSPECTUS
Section 10(a) Prospectus
: Items 1 and 2, from
this Part I, and the documents incorporated by reference pursuant to Part II, Item 3 of this prospectus meet the information requirements
with respect to information set forth on a prospectus pursuant to Section 10(a) of the Securities Act of 1933, as amended (the
"
Securities Act
") as relevant for Form S-8.
Item 1. Plan Information.
(a)
General Plan Information
.
Greenestone Healthcare Corporation ("
we
",
"
us
", or the "
Company
") will provide each participant (the "
Participant
")
with documents that contain information related to our 2013 Stock Option Plan (attached hereto as exhibit 1.1, hereinafter the
"
Stock Option Plan
" or the "
Plan
") and other information including, but not limited to, the
disclosure required by Item 1 of Form S-8, which information is not filed as a part of this Registration Statement on Form S-8
(the "
Registration Statement
"). The foregoing information and the documents incorporated by reference in response
to Item 3 of Part II of this Registration Statement taken together constitute a prospectus that meets the requirements of Section
10(a) of the Securities Act. A Section 10(a) prospectus will be given to each Recipient who receives shares covered by this Registration
Statement, in accordance with Rule 428(b)(1) under the Securities Act.
The purpose of the Plan is to secure for the
Company and its shareholders the benefits arising from capital stock ownership by employees, officers and directors of, and consultants
or advisors to the Company or its subsidiaries, who are expected to contribute to the Company's future growth and success.
The Plan will be administered by the Board of Directors of the Company (the "
Board of Directors
" or the "
Board
"),
whose construction and interpretation of the terms and provisions of the Plan shall be final and conclusive. The Stock Option Plan
is not subject to any provisions of the Employee Retirement Income Security Act of 1974, as amended.
Participants may obtain additional information on the Stock Option
Plan by contacting Shawn E. Leon, Chief Executive Officer, at:
Greenestone Healthcare Corporation
5734 Yonge Street, Suite 300
North York, Ontario, Canada M2M 4E7
Tel.: (416) 222-5501
(b)
Securities to be Offered
.
Subject to certain adjustments, the maximum
number of shares of the Company which may be issued and sold under the Plan is 5,000,000 Series B Preferred Stock. Series B Preferred
Stock are convertible into the Company's common stock at a 1 to 10 ratio, subject to such conditions as the Board may specify
at its sole discretion. Series B Preferred Stock has no rights prior to such conversion.
(c)
Employees Who May Participate in Plan
.
Awards under the Plan may be granted to persons
who are, at the time of grant, employees, officers or directors of, or consultants or advisors to, the Company.
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(d)
Purchase of Securities Pursuant to the Plan and Payment for Securities Offered
.
The purchase price per share of stock deliverable
upon the exercise of an option granted under the Plan shall be determined by the Board of Directors, provided, however, that in
the case of an incentive stock option for purposes of Section 422 of the Internal Revenue Code of 1986, as amended (the "
Code
")
(an "
Incentive Stock Option
"), the exercise price shall not be less than 100% of the fair market value
of such stock, as determined by the Board of Directors, at the time of grant of such option, or less than 110% of such fair market
value in the case of options granted to certain persons deemed to possess more than 10% of the total combined voting power of
all classes of stock of the Company.
Options granted under the Plan may provide
for the payment of the exercise price by delivery of cash or a check to the order of the Company in an amount equal to the exercise
price of such options, or, to the extent provided in the applicable option agreement, (i) by delivery to the Company of shares
of the Company already owned by the optionee having a fair market value equal in amount to the exercise price of the options being
exercised, (ii) by any other means (including, without limitation, by delivery of a promissory note of the optionee payable on
such terms as are specified by the Board of Directors) which the Board of Directors determines are consistent with the purpose
of the Plan and with applicable laws and regulations, or (iii) by any combination of such methods of payment. The Board of Directors
will determine the fair market value of any shares of the Company's common stock or other non-cash consideration delivered
upon exercise of an option granted under the Plan.
Any securities awarded shall be issued by the
Company directly to the Participant and shall not be purchased in the open market.
(e)
Resale Restrictions
.
Prior to their conversion into the Company's
common stock, the Series B Preferred Stock are restricted securities and are accordingly subject to resale, distribution, and transfer
restrictions under applicable law, including,
inter alia
, those imposed by the Securities Act.
Each option granted under the Plan will be
subject to the requirement that if, at any time, counsel to the Company determines that the listing, registration or qualification
of the shares subject to such option upon any securities exchange or under any state or federal law, or the consent or approval
of any governmental or regulatory body, or that the disclosure of non-public information or the satisfaction of any other condition
is necessary in connection with the issuance or purchase of shares thereunder, such option may not be exercised, in whole or in
part, unless such listing, registration, qualification, consent or approval, or satisfaction of such condition has been obtained
on conditions acceptable to the Board of Directors. The Plan does not require the Company to apply for or to obtain such listing,
registration or qualification, or to satisfy such condition.
(f)
Tax Effects of Plan Participation.
The Participant alone will bear any tax consequences
arising from the grant, or vesting or exercise of any award under the Plan, from the payment for shares covered thereby, or from
any other event or act (of the Company, and/or its affiliates, or the Participant). The Company may deduct from payments of any
kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect
to any shares issued upon exercise of options under the Plan. Subject to the prior approval of the Company, which may be withheld
by the Company in its sole discretion, the Participant may elect to satisfy such obligations, in whole or in part, (i) by causing
the Company to withhold shares of the Company otherwise issuable pursuant to the exercise of an option, or (ii) by delivering to
the Company shares of the Company already owned by the optionee. The shares so delivered or withheld will have a fair market value
equal to such withholding obligation. The fair market value of the shares used to satisfy such withholding obligation will be determined
by the Company as of the date that the amount of tax to be withheld is to be determined.
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The receipt of an award under the Plan and/or
the acquisition of shares issued upon the exercise of options or rights granted under the Plan may result in tax consequences.
The description of tax consequences set forth in the Plan or herein does not purport to be complete, up to date or to take into
account any special circumstances relating to a given Participant. Participants are accordingly advised to consult their own tax
advisers as to those circumstances.
(g)
Investment of Funds
.
N/A
(h)
Withdrawal from the Plan; assighment of Interest.
Subject to the provisions of the Plan, the
Board of Directors will determine the period of time during which a Participant may exercise an option following (i) the termination
of the Participant's employment or other relationship with the Company, or (ii) the death or disability of the Participant.
Such periods will generally be set forth in the agreement evidencing such option.
In addition, no Incentive Stock Option may
be exercised unless, at the time of such exercise, the Participant is, and has been continuously since the date of grant of his
or her option, employed by the Company, except that an Incentive Stock Option may be exercised within the period of three months
after the date the Participant ceases to be an employee of the Company (or within such lesser period as may be specified in the
applicable option agreement). In the event that the agreement with respect to such option designates a longer exercise period,
the exercise after such three-month period will be treated as the exercise of a non-statutory option under the Plan. If the Participant
dies while in the employ of the Company, or within three months after the Participant ceases to be such an employee, the Incentive
Stock Option may be exercised by the person to whom it is transferred by will or the laws of descent and distribution within the
period of one year after the date of death (or within such lesser period as may be specified in the applicable option agreement).
If the Participant becomes disabled while in the employ of the Company, the Incentive Stock Option may be exercised within the
period of one year after the date the Participant ceases to be such an employee because of such disability (or within such lesser
period as may be specified in the applicable option agreement). Notwithstanding the foregoing provisions, no Incentive Stock Option
may be exercised after its expiration date.
Options granted under the Plan are generally
nontransferable and may not be assigned. Except as the Board of Directors may otherwise determine or provide in an option or other
agreement, options accordingly are not be assignable or transferable by the person to whom they are granted, either voluntarily
or by operation of law, except by will or the laws of descent and distribution, and, during the life of the Participant, may be
exercisable only by the Participant, except in limited circumstances.
(i)
Forfeitures and Penalties
.
As described in subsection (h) above, the Board
of Directors will determine the period of time during which a Participant may exercise an option following (i) the termination
of the Participant's employment or other relationship with the Company, or (ii) the death or disability of the Participant.
Such periods generally will be set forth in the agreement evidencing such option.
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(j)
Charges and Deductions and Liens Therefor
.
The Company has the right to deduct from payments
of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with
respect to any shares issued upon exercise of options under the Plan. As described above in subsection (f) above, the Company accordingly
may make such provisions and take such steps as it may deem necessary or appropriate for the withholding of all taxes required
by law to be withheld with respect to awards granted under the Plan and the exercise thereof. In addition, the Participant will
be required to pay any amount due in excess of the tax withheld and transferred to the tax authorities, pursuant to applicable
tax laws, regulations and rules.
Except as stated above, there are no provisions
under the Plan which grants any person the right to have or create a lien on any funds, securities or other property held under
the Plan.
Item 2. Registrant's Information and Employee Plan Annual
Information.
We will provide to each Participant a written
statement advising them of the availability of documents incorporated by reference in Item 3 of Part II of this Registration Statement
(which documents are incorporated by reference in this Section 10(a) prospectus) and of documents required to be delivered pursuant
to Rule 428(b) under the Securities Act without charge and upon written or oral notice by contacting:
Shawn E. Leon
Greenestone Healthcare Corporation
5734 Yonge Street, Suite 300
North York, Ontario, Canada M2M 4E7
Tel.: (416) 222-5501
INFORMATION REQUIRED BY PART I TO BE CONTAINED
IN A SECTION 10(a) PROSPECTUS IS OMITTED FROM THE REGISTRATION STATEMENT IN ACCORDANCE WITH RULE 428 UNDER THE SECURITIES ACT OF
1933, AND NOTE TO PART I OF FORM S-8.
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PART II
Item 3. Incorporation of Documents
by Reference.
The following documents (the "
Incorporated
Documents
") filed by the Company with the Securities and Exchange Commission are incorporated by reference into this
Registration Statement:
(1)
Annual Report on Form 10-K for the fiscal year ended December 31, 2011, filed with the Commission
on April 2, 2012.
(2)
Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2012, filed with the Commission
on November 15, 2012.
(3)
Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012, filed with the Commission
on August 15, 2012.
(4)
Current Report on Form 8-K, filed with the Commission on July 3, 2012.
(5)
Current Report on Form 8-K, filed with the Commission on June 19, 2012.
(6)
Current Report on Form 8-K filed with the Commission on May 18, 2012.
(8)
Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2012, filed with the Commission
on May 15, 2012.
All reports and other documents subsequently
filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective
amendment which indicates that all securities offered have been sold or which de-registers all securities then remaining unsold,
shall be deemed to be incorporated by reference herein and to be a part of this Registration Statement from the date of the filing
of such reports and documents.
Any statement contained in an Incorporated
Document shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement
contained herein or in any other subsequently filed Incorporated Document modifies or supersedes such statement. Any such statement
so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities.
This S-8 Registration Statement primarily pertains
to the Company's common stock and Series B Preferred Stock. Series B Preferred Stock is convertible into Common Stock at
a 1 to 10 ratio, subject to such conditions as the Company's Board of Directors from time to time may specify at its sole
discretion. Series B Preferred Stock has no rights prior to such conversion. This S-8 Registration Statement also pertains to 1,500,000
shares of common stock, par value $0.01 per share, issued by the Company to Sunny J. Barkats, an attorney affiliated with JS Barkats,
PLLC, the Company's legal counsel, as consideration for services rendered.
Item 5. Interests of Named Experts
and Counsel.
JS Barkats, PLLC prepared this S-8 Registration
Statement and is the Company's primary legal counsel with respect to corporate and securities matters. Sunny Barkats, an
attorney with JS Barkats, PLLC will receive an aggregate of 1,500,000 shares of the Company's common stock under this
Registration Statement as compensation for such legal services and counsel.
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Item 6. Indemnification
of Directors and Officers.
Our officers and directors are indemnified
as provided by the Colorado Business Corporations Act and our Company's By Laws.
Pursuant to the By Laws, the Company may
indemnify (if so determined by the Company's Board of Directors or, in certain instances, by a court of law) a director
or former director of the Company against liability (including attorney fees) incurred in any Company-related judicial or
other proceeding. Such director must have conducted himself in good faith and must have reasonably believed, in acting in his
official capacity as a director of the Company, that his conduct was in the Company's best interests, or, when acting
in any other capacity, not opposed to the Company's best interests. In addition, in the case of criminal proceedings,
the director must have had no reasonable cause to believe that his conduct was unlawful.
The Company may however be required to indemnify
(against reasonable expenses, including attorney fees) a director or former director of the Company who was wholly successful,
on the merits or otherwise, in defense of any Company-related proceeding to which he was a party. Officers of the Company may also
be entitled to such mandatory indemnification.
The By Laws do not permit the Company to indemnify
a director or former director of the Company in certain instances. Thus, the Company may not indemnify a director in respect of
a proceeding brought by or on behalf of the Company where the director was determined to have been liable. In addition, the Company
may not indemnify a director where that director has been found to have been liable in improperly receiving a personal benefit
from the Company.
The Company may advance reasonable expenses
to persons who may be entitled to mandatory or voluntary indemnification from the Company subject to certain restrictions, including
an undertaking by the person requesting indemnification to repay the advance if the person is ultimately determined not be entitled
to such indemnification.
The Company, by resolution of its Board of
Directors or its shareholders, may also indemnify an officer, employee or agent of the Company (and advance indemnification expenses
to such person) to a greater extent than provided in the By Laws, or if contractually required to do so.
From time to time, the Company may purchase
and maintain insurance on behalf of an individual performing functions on the Company's behalf against liabilities asserted
against such person in relation to such functions, whether or not the Company would otherwise have the power to indemnify such
person under the Company's By Laws. The Company currently has not purchased and does not maintain any such policies.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit Number
Description
5.1
Opinion of JSBarkats, PLLC regarding the validity of the securities; consent to use
23.1
Consent of Jarvis Ryan Associates, Independent Registered Public Accounting Firm
99.1
2013 Stock Option Plan
Item 9. Undertakings.
A.	The undersigned registrant hereby undertakes:
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(1)	To file, during any period in which
offers or sales are being made, a post-effective amendment to this registration statement:
(i)	To include any prospectus required by section 10(a)(3) of the Securities
Act;
(ii)	To reflect
in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from
the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) of the Securities Act, if, in the aggregate, the changes in volume and price represent no
more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee"
table in the effective registration statement; or
(iii) 	To include
any material information with respect to the plan of distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement; provided, however, that paragraphs (i) and (ii) of
this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is
contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of
the Exchange Act that are incorporated by reference in the registration statement.
(2)	That, for the purpose of determining
any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating
to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide
offering thereof.
(3)	To remove from registration by means
of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4)	That, for the purpose of determining
liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities: The undersigned
registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement,
regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such
purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will
be considered to offer or sell such securities to such purchaser:
(i)	Any preliminary
prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii)	Any free writing
prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned
registrant;
(iii)	The portion of
any other free writing prospectus relating to the offering containing material information about the undersigned registrant or
its securities provided by or on behalf of the undersigned registrant; and
(iv)	Any other communication
that is an offer in the offering made by the undersigned registrant to the purchaser.
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B.	The undersigned registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report
pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee
benefit plan's annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference
in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
C. Insofar as indemnification for
liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the
registrant pursuant to the Delaware General Corporation Law, the Articles of Incorporation of the registrant, the Bylaws of
the registrant, indemnification agreements entered into between the registrant and its officers and directors or otherwise,
the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by the registrant in successful defense of any action, suit
or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered
hereunder, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as
expressed in the Securities Act and will be governed by the final adjudication of such issue.
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SIGNATURES
In accordance with the requirements of the
Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and authorized this registration statement to be signed on its behalf by the undersigned, in North York,
Ontario, Canada, on April 1, 2013.
Greenestone Healthcare Corporation
By:
/s/ Shawn E. Leon
Shawn E. Leon
Chief Executive Officer and Director
By:
/s/ Dr. Luke Fazio
Dr. Luke Fazio
Director
By:
/s/ Michael Howlett
Michael Howlett
Director
By:
/s/ Ken Lorimer
Ken Lorimer
Chief Financial Officer
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POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below constitutes and appoints Shawn E. Leon as his true and lawful attorney-in-fact and agent,
with full power of substitution and re-substitution, for him and in his name, place and stead, in any and all capacities, to sign
any and all amendments (including post-effective amendments) to this registration statement, and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the U.S. Securities and Exchange Commission, granting unto said attorney-in-fact
and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection
therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said
attorney-in-fact and agent or any of them, or of their substitute or substitutes, may lawfully do or cause to be done by virtue
hereof.
Pursuant to the requirements of the Securities
Act, this registration statement has been signed by the following persons in the capacities and on the dates stated.
By:
/s/ Shawn E. Leon
April 1, 2013
Shawn E. Leon
Chief Executive Officer and Director
By:
/s/ Dr. Luke Fazio
April 1, 2013
Dr. Luke Fazio
Director
By:
/s/ Michael Howlett
April 1, 2013
Michael Howlett
Director
By:
/s/ Ken Lorimer
April 1, 2013
Ken Lorimer
Chief Financial Officer
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