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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E. Share Ownership

The following table sets forth certain information regarding the beneficial ownership of our outstanding common shares for: (i) each of our Directors and Officers individually; (ii) all of our Directors and Officers as a group; and (iii) each other person known to us to own beneficially more than 5% of our common shares as of December 15, 2013. Beneficial ownership of shares is determined under rules of the SEC and generally includes any shares over which a person exercises sole or shared voting or investment power. The table also includes the number of shares underlying options that are exercisable within sixty (60) days of December 15, 2013. Ordinary shares subject to these options are deemed to be outstanding for the purpose of computing the ownership percentage of the person holding these options, but are not deemed to be outstanding for the purpose of computing the ownership percentage of any other person.

The shareholders listed below do not have any different voting rights from our other shareholders.

Number of Shares
Beneficially Owned(1)

Percent of
Class

Directors and Officers:

Leon M. Pierhal

3,579,000

(2)

2.64

%

Dr. Geoffrey Taylor

3,537,248

(3)

2.62

%

Peter Copetti

3,250,000

(4)

2.39

%

Mark Benadiba

3,200,000

(5)

2.36

%

Lee Shepherd

1,325,000

(6)

0.99

%

Samuel Peralta

1,150,000

(7)

0.86

%

Chris Tsiofas

1,025,000

(8)

0.77

%

John F. O’Donnell

842,500

(9)

0.63

%

Adam Chowaniec

550,000

(10)

0.41

%

Kevin Barnes

292,463

(11)

0.22

%

Stephane Gagnon

200,000

(12)

0.15

%

Directors and Officers Subtotal

18,721,211

12.67

%

Major Shareholders:

Pinetree Capital Ltd.

10,547,500

(13)

7.66

%

Sheldon Inwentash

9,125,500

(14)

6.67

%

Inwentash/Pinetree Subtotal(15)

19,673,000

13.87

%

William White

8,883,500

(16)

6.54

%

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