Exhibit 10.5

                                OPTION AGREEMENT


      THIS OPTION AGREEMENT dated as of December 26, 2005 (the "Agreement")
between Graphite Technology Group, Inc., a Delaware corporation with an address
at 106 Lakeside Avenue, Delano, ("Graphite"); and BPK Resources, Inc., a Nevada
corporation with an address at 264 Union Boulevard, Totowa, NJ 07512 ("BPK").



                              W I T N E S S E T H:


      WHEREAS, BPK has loaned Graphite $750,000 in contemplation of the proposed
business combination of Graphite and BPK;

      WHEREAS, in consideration for making this loan, Graphite has agreed to
grant BPK a three-year option to purchase 10% of its common stock in the event
Graphite does not proceed with the proposed business combination;

      NOW THEREFORE, in consideration of the promises and mutual covenants and
agreements hereinafter contained, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto,
intending to be legally bound, hereby agree as follows:

      1. OPTION TO PURCHASE STOCK. Graphite hereby agrees that in the event it
does not proceed with the proposed business combination with BPK, BPK shall have
an option (the "Option") to purchase for $750,000 at anytime prior to December
31, 2008 (subject to earlier termination as specified below) such number of
shares of Graphite's common stock as shall equal 10% of Graphite's then
outstanding shares of common stock calculated on a fully diluted basis
(including all outstanding options, warrants and other securities convertible or
exchangeable into the common stock).

      2. EXERCISE. The Option may be exercised in whole or in part only by the
delivery by BPK of written notice to Graphite at the address specified below
personally or by certified mail. Payment for such shares shall be in certified
or cashier's check or by offset of any amounts outstanding under the Promissory
Note or any other obligation owed by Graphite to BPK. The Option shall not be
deemed exercised until payment in the manner described above has been made.

      3. ANTI-DILUTION. The number of shares of stock of Graphite covered by
this option, the option price and other relevant provisions shall be
appropriately adjusted in the event of a stock dividend, recapitalization,
forward stock split, reverse stock split or other similar corporate transaction
in order to prevent dilution or enlargement of benefits intended to be made
available hereby. In case Graphite issues any shares of its common stock between
the date hereof and the date of the exercise of such option, or issues any
option, warrant, convertible security or other right to purchase or acquire its
securities between the date hereof and the date of the exercise of the option,
then the option to purchase provided for in this paragraph 3 shall be adjusted
downward in price and upward in amount, on a "full-ratchet" basis, based on the
price of the securities so issued.

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      4. GOVERNING LAW. This Agreement shall be governed by and interpreted in
accordance with the laws of the Commonwealth of Pennsylvania.

      5. MISCELLANEOUS. A facsimile transmission of this signed Agreement shall
be legal and binding on all parties hereto. This Agreement may be signed in one
or more counterparts, each of which shall be deemed an original. The headings of
this Agreement are for convenience of reference and shall not form part of, or
affect the interpretation of, this Agreement. If any provision of this Agreement
shall be invalid or unenforceable in any jurisdiction, such invalidity or
unenforceability shall not affect the validity or enforceability of the
remainder of this Agreement or the validity or enforceability of this Agreement
in any other jurisdiction. This Agreement may be amended only by an instrument
in writing signed by the party to be charged with enforcement. This Agreement,
the Promissory Note and the Security Agreement between the parties hereof dated
as of the date hereof, contain the entire agreement of the parties with respect
to the subject matter hereto, superceding all prior agreements, understandings
or discussions.

      6. NOTICES. Any notice required or permitted hereunder shall be given in
writing (unless otherwise specified herein) and shall be deemed effectively
given, (i) on the date delivered, (a) by personal delivery, or (b) if advance
copy is given by fax, (ii) seven business days after deposit in the United
States Postal Service by regular or certified mail, or (iii) three business days
mailing by international express courier, with postage and fees prepaid,
addressed to each of the other parties thereunto entitled at the following
addresses, or at such other addresses as a party may designate by ten days
advance written notice to each of the other parties hereto.

                  GRAPHITE:                 GRAPHITE TECHNOLOGY GROUP, INC.
                                            106 Lakeside Avenue
                                            Delano, PA 18220
                                            Attention: James E. Olive
                                            Telecopier No.:  (908) 907-0806

                  BPK:                      BPK RESOURCES, INC.
                                            274 Union Boulevard
                                            Totowa, NJ  07512
                                            Attention:  Christopher Giordano
                                            Telecopier No.: ___________

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      7. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and
permitted assigns.

      IN WITNESS WHEREOF, Graphite and BPK have caused this Agreement to be
executed on the date as first written above.


GRAPHITE TECHNOLOGY GROUP, INC.             BPK RESOURCES, INC.


By:  /s/ James E. Olive                      By:  /s/ Christopher H. Giordano
    ------------------------------               ----------------------------
Name: James E. Olive                         Name:  Christopher Giordano
Title:   President                           Title:  President


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