Policy 4.4 

POET will be asking to amend the stock option plan which allows a fixed number of 20% (not the 25% I quoted) of the issued shares at the time it is approved. Which means that POET needs to have warrants in the money to gain any real benefit from the shareholder vote. Since the last vote the share count has only increased by 2.7 million which would point to an increase in the option pool of 540k. Hardly worth the paperwork. 

2.2 Types of Stock Option Plans

(a) The Issuer may have either:

(i) a “rolling” stock option plan reserving for issuance pursuant to the exercise of stock options a number of shares of the Issuer equal to up to a maximum of 10% of the issued shares of the Issuer at the time of any stock option grant; or (ii) a fixed number stock option plan reserving for issuance pursuant to the exercise of stock options a specified number of shares, up to a maximum of 20% of the Issuer’s issued shares as at the date of implementation of the stock option plan by the Issuer.