Amendment to ProtoKinetix, Incorporated Amended 2017 Stock Option and Stock Bonus Plan
This amendment updates the ProtoKinetix, Incorporated 2017 Stock Option and Stock Bonus Plan by increasing the total number of shares of common stock that may be issued under the plan to 85,700,000. The shares can be newly issued or reacquired by the company. The amendment also clarifies that the number of shares available cannot be reduced below the amount already issued or underlying outstanding awards.
Exhibit 4.1
AMENDMENT TO
ProtoKinetix, Incorporated
Amended 2017 Stock Option and Stock Bonus PLAN
Section 5(a) of the Plan is hereby amended as follows:
Section 5. Stock Reserved.
(a) The stock subject to Awards hereunder shall be shares of Common Stock. Such shares, in whole or in part, may be authorized but unissued shares or shares that shall have been or that may be reacquired by the Corporation. The aggregate number of shares of Common Stock that may be issued under the Plan is 85,700,000, subject to adjustment as provided in Section 8(i) hereof. No adjustment shall decrease the number of shares issuable pursuant to the Plan below the number of shares of Common Stock that have been issued pursuant to the Plan plus the number of shares of Common Stock underlying outstanding awards.
