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Re: photonwav post# 160

Friday, 08/16/2002 1:41:30 AM

Friday, August 16, 2002 1:41:30 AM

Post# of 482
to clarify previous post on options..

the part i post on the one year holding should have read CAN be a one year holding....

"of note that many missed in the 10q, there CAN be a one year holding":

This is section 4.03 of the recent 10q:

4.03 Without limiting the generality of the foregoing, the Board of
Directors also shall have the authority to require, in its discretion, as a condition of the granting of any Option, that the Participant agree (i) not to sell or otherwise dispose of Shares acquired pursuant to such Option for a period of twelve (12) months following the date of acquisition of such Shares





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