Mr. Michael Robb reports
AIRIQ ANNOUNCES STOCK OPTION GRANT
Effective Sept. 17, 2014, AirIQ Inc.'s board of directors granted stock options to each of the non-executive board members in consideration for acting on the company's board. A total of 250,000 options for common shares were granted with an exercise price of eight cents per share, in lieu of any cash compensation to the board members. Vernon Lobo, chairman of the board, was granted options to purchase up to 150,000 common shares of the company and Donald Gibbs was granted options to purchase up to 100,000 common shares. The term of the options is 10 years from the date of grant, and the options vest over a period of one year, 25 per cent each quarter. All other terms of the option grants are in accordance with the company's stock option plan and are subject to approval of the TSX Venture Exchange.
We seek Safe Harbor.
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