Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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Message: SRP

I have asked MB specifically about the SRP and when we would see it. He appeared a little indignant with me even being concerned about the issue. He quickly deferred to CT who told me the plan must be voted on by shareholders at the AGM, confirming what was in the NR of October 21, 2013. I guess "available for viewing in due course", as noted in the October 21, 2013 NR, means within the next year or so. Two exerpts from earlier NR's ----

From NR Aug 16, 2013.

"Adoption of a Shareholder Rights Plan (SRP) – The Company will be structuring a special SRP to protect the potential value of the company, for all shareholders, during the period where discussions with potential partners may be taking place regarding PDA-related agreements, and as progress on the 100NM project continues."

From NR October 21st, 2013

Shareholder Rights Plan (SRP) – As previously announced on August 16th, the Board of Directors has adopted a shareholder rights plan (the “Rights Plan”) designed to encourage the fair and equal treatment of shareholders in connection with any take-over bid for the outstanding securities of the Company. The Rights Plan provides the Board of Directors with additional time to assess the advantages and disadvantages to any particular offer and to seek out alternative proposals in the best interests of all shareholders. The Rights Plan is subject to approval of the TSX Venture Exchange and the shareholders. The Company is required to seek shareholder approval to re-approve the Rights Plan every three years. The Company has not adopted the Rights Plan in response to any specific proposal to acquire control of its outstanding shares. The Rights Plan is similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the Rights Plan to entrench management or prevent a change of control of the Company to the detriment of shareholders. The Rights Plan does not apply to take-over bids that meet certain requirements including that the bid be made by way of a take-over bid circular and be left open for at least 60 days so as to ensure that shareholders have an adequate opportunity to assess the merits of the bid.

A copy of the Rights Plan will be made available for viewing in due course on SEDAR at www.sedar.com, and can also be obtained from the Company.

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