Termination of Material Agreement Form 8 K

Item 1.02 Termination of a Material Definitive Agreement.

Anavex Life Sciences Corp. (the "Company") was party to a Controlled Equity Offering^SMSales Agreement, as amended and restated by the Amended and Restated Sales Agreement dated May 1, 2020 (the "A&R Sales Agreement") with Cantor Fitzgerald & Co. and SVB Securities LLC (the "Sales Agents"), with respect to an "at-the-market" offering program under which the Company could offer and sell, from time to time at the Company's sole discretion, shares of its common stock, par value $0.001 per share, through the Sales Agents. On July 24, 2024, the Company terminated the A&R Sales Agreement. There are no penalties associated with the termination of the A&R Sales Agreement.

A copy of the A&R Sales Agreement was filed as Exhibit 1.1 to the Company's Current Report on Form 8-K filed with the SEC on May 1, 2020 (the "2020 Form 8-K").