Datametrex AI Ltd V.DM

Stock Options?

[JWING17]

Re-approval of the Stock Option Plan The Corporation’s stock option plan (the “Stock Option Plan”) is a rolling stock option plan. The Stock Option Plan provides that the Board of Directors may from time to time, in its discretion, and in accordance with applicable policies of the TSX Venture Exchange (“TSXV”), grant options to acquire Common Shares (“Options”) to directors, officers and employees of the Corporation and its affiliates and to consultants, consultant companies and management company employees (each an “Optionee”), provided that the Common Shares that may be reserved for issuance under the Stock Option Plan (the “Plan Shares”) at any point in time will not be greater than 10% of the issued and outstanding Common Shares at the time the Plan Shares are reserved for issuance as a result of the grant of an Option, less any Common Shares reserved for issuance under convertible securities that may be granted pursuant to other incentive compensation arrangements other than the Stock Option Plan. The purpose of the Stock Option Plan is to recognize contributions made by Optionees and to create an incentive for their continuing assistance. Options provide incentive and encouragement for ownership of Common Shares by key individuals and employees so that they may increase their stake in the Corporation and benefit from increases in the value of Common Shares. The total number of Options granted to any Optionee, together with any other incentive compensation arrangements granted to such Optionee during any 12 month period, cannot exceed 5% of the issued and outstanding Common Shares at the time of grant. The aggregate number of Options granted to any one consultant in any 12 month period cannot exceed 2% of the issued and outstanding Common Shares at the time of grant, without the prior consent of the TSXV. The aggregate number of Options granted to all Optionees conducting investor relations activities in any 12-month period cannot exceed 2% of the issued and outstanding Common Shares at the time of grant, without the prior consent of the TSXV. The Corporation is required to obtain disinterested shareholder approval if, at any time:

[JWING17]

It does go on to say more....About the Rolling Plan. I myself need to know how this is being used.Have to talk with my Lawyer. See what he can tell me. It appears we can vote on it. 

[MarkG1963]

so would that mean us shareholders would have a vote if their Options were more that 2%.

[JWING17]

I am just saying I have a hard time understanding the way it is written.  I am sure as shareholders it can be adjusted and voted on....Next AGM. You can bet I will understand it by then. And what can be done about it. 

[themason]

I for one would like to know if we have a vote. Thanks for the info