JP, Appendix D refers to the 2014 Stock Plan, whic

JP, Appendix D refers to the 2014 Stock Plan, which is an incentive stock plan for management and directors. I agree the board has full discretion on that plan once approved by shareholders, but statement 13 in your post refers to Proposal 7, not the increase in authorized shares which is Proposal 5.

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PROPOSAL NO. 7

APPROVAL OF 2014 STOCK PLAN

The Company’s Board of Directors has approved the 2014 Stock Plan (the “2014 Plan”), in the form of Appendix D hereto. Under the 2014 Plan, the Company may grant up to 156,380,168, of incentive stock options, nonqualified stock options, or stock purchase rights to eligible persons, including employees, nonemployees, members of the Board of Directors, consultants, and other independent advisors who provide services to the Company. The term of the 2014 Plan is ten years from the later of (i) the effective date of the Plan (August 6, 2014), or (ii) the earlier of the most recent Board or stockholder approval of an increase in the number of shares reserved for issuance under the 2014 Plan. No grants have been made to date under the 2014 Plan.

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Appendix D

AMARANTUS BIOSCIENCE HOLDINGS, INC.

2014 STOCK PLAN

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