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EXHIBIT 10.47

                             STOCK OPTION AGREEMENT
                                       OF
                            RIM SEMICONDUCTOR COMPANY

STOCK OPTION AGREEMENT (this "Agreement") entered into this 26th day of January
2006, between Rim Semiconductor Company, a Utah corporation (the "Corporation"),
and Walter Chen (the "Optionee," which term as used herein shall be deemed to
include any successor to the Optionee by will or by the laws of descent and
distribution, unless the context shall otherwise require).
The Board of Directors of the Corporation approved the issuance to the Optionee,
effective as of the date set forth above, of a nonqualified stock option to
purchase up to an aggregate of 1,000,000 shares of the common stock, par value
$.001 per share, of the Corporation (the "Common Stock"), at an exercise price
of $ 0.027 per share (the "Option Price"), upon the terms and conditions
hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual premises and undertakings
hereinafter set forth, the parties hereto agree as follows:

1. Option; Option Price. The Board of Directors hereby grants as of the date of
this Agreement to the Optionee the option (the "Option") to purchase, subject to
the terms and conditions of this Agreement 1,000,000 shares of the Common Stock
of the Corporation at an exercise price per share equal to the Option Price.

2. Term. The term (the "Option Term") of the Option shall commence on the date
of this Agreement and shall terminate on January 26, 2016 unless such Option
shall theretofore have been terminated in accordance with the terms hereof.

3. Vesting.
         (a) Subject to the provisions of Sections 5 and 8 hereof, on each
Measurement Date set forth in Column 1 below, the Option shall vest and become
exercisable for the corresponding number of shares of Common Stock set forth in
Column 2 below if the Option has not earlier terminated as provided in Section 4
hereof.

--------------------------------------- ---------------------------------
Column 1                                Column 2
                                        Shares Vesting on Measurement
Measurement Date                        Date
April 30, 2006                          1,000,000
--------------------------------------- ---------------------------------

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(b) Notwithstanding the provisions of Section 3(a) hereof, the Option shall
become fully vested and shall become immediately exercisable with respect to all
shares subject to the Option, subject to the provisions hereof, immediately
following a Change in Control (as hereinafter defined) of the Corporation. For
purposes of this Agreement and the Option, the term "Change in Control" shall
have the definition set forth in Section 409A of the Internal Revenue Code of
1986, as amended ("IRC"), and the regulations promulgated thereunder.
(c) Subject to the provisions of Sections 5 and 8 hereof, the shares as to which
the Option is exercisable may be purchased at any time prior to the expiration
or termination of the Option.

4. Termination of Option.
(a) The unexercised portion of the Option shall automatically and without notice
terminate and become null and void at the time of the earliest to occur of the
following:
                  (i) thirty (30) days after the date that the Optionee ceases
         to be an advisory director of the Company regardless of the reason
         therefor other than as a result of death or Permanent Disability of
         Optionee;
                  (ii) three (3) months after the date that Optionee ceases to
         be an advisory director of the Company by reason of death or Permanent
         Disability of Optionee; or
                  (iii) the expiration date of the term of the Option.

(b) "Permanent Disability" means that Optionee becomes physically or mentally
incapacitated or disabled so that Optionee is unable to perform substantially
the same services as Optionee performed prior to incurring such incapacity or
disability (the Company, at its option and expense, being entitled to retain a
physician to confirm the existence of such incapacity or disability, and the
determination of such physician to be binding upon the Company and Optionee),
and such incapacity or disability continues for a period of three consecutive
months or six months in any 12-month period or such other period(s) as may be
determined by the Board of Directors.

5. Procedure for Exercise.
(a) Subject to the requirements of Section 8, the Option may be exercised, from
time to time, in whole or in part (but for the purchase of a whole number of
shares only), by delivery of a written notice (the "Notice") from the Optionee
to the Secretary of the Corporation, which Notice shall:
(i) state that the Optionee elects to exercise the Option;
(ii) state the number of shares with respect to which the Option is being
exercised (the "Optioned Shares");
(iii) state the date upon which the Optionee desires to consummate the purchase
of the Optioned Shares (which date must be prior to the termination of such
Option and no later than thirty (30) days after the date of receipt of such
Notice);
(iv) include any representations of the Optionee required under Section 8(c);
and
(v) if the Option shall be exercised pursuant to Section 10 by any person other
than the Optionee, include evidence to the satisfaction of the Board of
Directors of the right of such person to exercise the Option.
(b) Payment of the Option Price for the Optioned Shares shall be made (i) in
U.S. dollars by personal or company check, bank draft or money order payable to
the order of the Corporation or by wire transfer, or (ii) by delivery of such
other consideration as the Board of Directors may deem acceptable.

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(c) The Corporation shall issue a stock certificate in the name of the Optionee
(or such other person exercising the Option in accordance with the provisions of
Section 10) for the Optioned Shares as soon as practicable after receipt of the
Notice and payment of the aggregate Option Price for such shares.

6. No Rights as a Stockholder. The Optionee shall have no rights as a
stockholder of the Corporation with respect to any Optioned Shares until the
date the Optionee or, if Optionee is a natural person, his nominee (which, for
purposes of this Agreement, shall include any third party agent selected by the
Board of Directors to hold such Optioned Shares on behalf of the Optionee),
guardian or legal representative is the holder of record of such Optioned
Shares.

7. Adjustments.
(a) If at any time while the Option is outstanding, there shall be any increase
or decrease in the number of issued and outstanding shares of Common Stock
through the declaration of a stock dividend, stock split, combination of shares
or through any recapitalization resulting in a stock split-up, spin-off,
combination or exchange of shares of Common Stock, then and in each such event
appropriate adjustment shall be made in the number of shares and the exercise
price per share covered by the Option, so that the same proportion of the
Corporation's issued and outstanding shares of Common Stock shall remain subject
to purchase at the same aggregate exercise price.
(b) Except as otherwise expressly provided herein, the issuance by the
Corporation of shares of its capital stock of any class, or securities
convertible into shares of capital stock of any class, either in connection with
a direct sale or upon the exercise of rights or warrants to subscribe therefor,
or upon conversion of shares or obligations of the Corporation convertible into
such shares or other securities, shall not affect, and no adjustment by reason
thereof shall be made with respect to, the number of or exercise price of shares
of Common Stock covered by the Option.
(c) Without limiting the generality of the foregoing, the existence of the
Option shall not affect in any manner the right or power of the Corporation to
make, authorize or consummate (i) any or all adjustments, recapitalizations,
reorganizations or other changes in the Corporation's capital structure or its
business; (ii) any merger or consolidation of the Corporation; (iii) any issue
by the Corporation of debt securities, or preferred or preference stock that
would rank above the shares of Common Stock covered by the Option; (iv) the
dissolution or liquidation of the Corporation; (v) any sale, transfer or
assignment of all or any part of the assets or business of the Corporation; or
(vi) any other corporate act or proceeding, whether of a similar character or
otherwise.
(d) If the Corporation shall consummate any merger, consolidation, business
combination or other reorganization in which holders of shares of Common Stock
are entitled to receive in respect of such shares any securities, cash and/or
other consideration (including a different number of shares of Common Stock)
(collectively, a "Reorganization"), this Option shall thereafter be exercisable,
in accordance with this Agreement, only for the kind and amount of securities,
cash and/or other consideration receivable upon such Reorganization by a holder
of the same number of shares of Common Stock as are subject to this Option
immediately prior to such Reorganization, and any adjustments will be made to
the terms of this Option, and this Agreement, in the sole discretion of the
Corporation as it may deem appropriate to give effect to the Reorganization.

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8. Additional Provisions Related to Exercise.
(a) The Option shall be exercisable only in accordance with this Agreement,
including the provisions regarding the period when the Option may be exercised
and the number of shares of Common Stock that may be acquired upon exercise.
(b) The Option may not be exercised as to less than one hundred (100) shares of
Common Stock at any one time unless less than one hundred (100) shares of Common
Stock remain to be purchased upon the exercise of the Option.
(c) To exercise the Option, the Optionee shall follow the provisions of Section
5 hereof. Upon the exercise of the Option at a time when there is not in effect
a registration statement under the Securities Act of 1933, as amended (the
"Securities Act") relating to the shares of Common Stock issuable upon exercise
of the Option, the Board of Directors in its discretion may, as a condition to
the exercise of the Option, require the Optionee (i) to represent in writing
that the shares of Common Stock received upon exercise of the Option are being
acquired for investment and not with a view to distribution and (ii) to make
such other representations and warranties as are deemed appropriate by counsel
to the Corporation or any underwriters or prospective underwriters (including
lock-up options). No Option may be exercised and no shares of Common Stock shall
be issued and delivered upon the exercise of the Option unless and until the
Corporation and/or the Optionee shall have complied with all applicable federal
or state registration, listing and/or qualification requirements and all other
requirements of law or of any regulatory agencies having jurisdiction.
(d) Stock certificates representing shares of Common Stock acquired upon the
exercise of the Option that have not been registered under the Securities Act
shall, if required by the Board of Directors, bear the following legend:
"THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT OR PURSUANT TO AN
EXEMPTION FROM REGISTRATION OR AN OPINION OF COUNSEL SATISFACTORY TO THE
CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED."
(e) The exercise of each Option and the issuance of shares in connection with
the exercise of an Option shall, in all cases, be subject to the satisfaction of
withholding tax or other withholding liabilities.

9. Restriction on Transfer. The Option may not be assigned or transferred (which
shall be deemed to include with respect to an Optionee that is an entity a
reorganization or merger or consolidation with any other person, entity or
corporation) except, if Optionee is a natural person, by will or by the laws of
descent and distribution or pursuant to a qualified domestic relations order as
defined in the Code, and may be exercised during the lifetime or existence of
the Optionee, as applicable, only by the Optionee or, if Optionee is a natural
person, the Optionee's guardian or legal representative or assignee pursuant to
a qualified domestic relations order. If the Optionee (who is a natural person)
dies, the Option shall thereafter be exercisable, during the period specified in


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Section 4(a), by his executors or administrators or by a person who acquired the
right to exercise the Option by bequest or inheritance to the full extent to
which the Option was exercisable by the Optionee at the time of his death. The
Option shall not be subject to execution, attachment or similar process. Any
attempted assignment or transfer of the Option contrary to the provisions
hereof, and the levy of any execution, attachment or similar process upon the
Option, shall be null and void and without effect.

10. Notices. All notices or other communications which are required or permitted
hereunder shall be in writing and sufficient if (i) personally delivered, (ii)
sent by nationally-recognized overnight courier or (iii) sent by registered or
certified mail, postage prepaid, return receipt requested, addressed as follows:
         if to the Optionee, to the address set forth on the signature page
         hereto; and
         if to the Corporation, to:
                  Rim Semiconductor Company
                  305 N.E. 102nd Avenue, Suite 105
                  Portland, Oregon  97220
                  Attention:  Secretary

or to such other address as the party to whom notice is to be given may have
furnished to each other party in writing in accordance herewith. Any such
communication shall be deemed to have been given (i) when delivered, if
personally delivered, (ii) on the first Business Day (as hereinafter defined)
after dispatch, if sent by nationally-recognized overnight courier and (iii) on
the third Business Day following the date on which the piece of mail containing
such communication is posted, if sent by mail. As used herein, "Business Day"
means a day that is not a Saturday, Sunday or a day on which banking
institutions in the city to which the notice or communication is to be sent are
not required to be open.

11. No Waiver. No waiver of any breach or condition of this Agreement shall be
deemed to be a waiver of any other or subsequent breach or condition, whether of
like or different nature.

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12. Optionee Undertaking. The Optionee hereby agrees to take whatever additional
actions and execute whatever additional documents the Corporation or its counsel
may in their reasonable judgment deem necessary or advisable in order to carry
out or effect one or more of the obligations or restrictions imposed on the
Optionee pursuant to the express provisions of this Agreement.

13. Modification of Rights. The rights of the Optionee are subject to
modification and termination in certain events as provided in this Agreement.

14. Amendments. The Board of Directors may, insofar as permitted by applicable
law, rule or regulation, from time to time suspend or discontinue this Agreement
or revise or amend it in any respect whatsoever, and this Agreement as so
revised or amended will govern the Option hereunder; provided, however, that no
such revision or amendment shall alter, impair or diminish any rights or
obligations under the Option without the written consent of the Optionee.

15. Authority of Administering Body.
(a) Subject to the express provisions of this Agreement, the Board of Directors
shall have the power to interpret and construe this Agreement, to determine all
questions arising hereunder, and otherwise to carry out the terms of this
Agreement. The interpretation and construction by the Board of Directors of any
provisions of this Agreement shall be conclusive and binding. Any action taken
by, or inaction of, the Board of Directors relating to this Agreement shall be
within the absolute discretion of the Board of Directors and shall be conclusive
and binding upon Optionee. Subject only to compliance with the express
provisions hereof, the Board of Directors may act in its absolute discretion in
matters related to this Agreement and the Option.
(b) Notwithstanding anything to the contrary in Section 4, the Board of
Directors may in its discretion designate shorter or longer periods to exercise
the Option after termination of Optionee's position with the Company to be an
advisory director of the Company; provided, however, that any shorter periods
determined by the Board of Directors shall be effective only if such shorter
period is agreed to in writing by Optionee.

16. Information to Optionee.
(a) The Board of Directors in its sole discretion shall determine what, if any,
financial and other information shall be provided to Optionee and when such
financial and other information shall be provided after giving consideration to
applicable federal and state laws, rules and regulations, including without
limitation applicable federal and state securities laws, rules and regulations.

(b) Optionee hereby agrees that any financial and other information provided to
Optionee by the Corporation is confidential and Optionee shall maintain the
confidentiality of such financial and other information, shall not disclose such
information to third parties, and shall not use the information for any purpose
other than evaluating an investment in the Common Stock. Optionee expressly
acknowledges that the number of shares exercisable under options granted
hereunder, and the terms thereof, shall be confidential. The Board of Directors
may impose other restrictions on the access to and use of such confidential
information and may require Optionee to further acknowledge the Optionee's
obligations under this Section (which acknowledgment shall not be a condition to
the Optionee's obligations under this Section 16).

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17. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Utah applicable to contracts made and
to be wholly performed therein.

18. Counterparts. This Agreement may be executed in one or more counterparts,
each of which shall be deemed to be an original, but all of which together shall
constitute one and the same instrument.

19. Entire Agreement. This Agreement constitute the entire agreement between the
parties with respect to the subject matter hereof, and supersede all previously
written or oral negotiations, commitments, representations and agreements with
respect thereto.

[Signature Page Follows]
- - - -


                                        RIM SEMICONDUCTOR COMPANY

                                        By:    /s/ Brad Ketch
                                        Name: Brad Ketch
                                        Title: CEO



                                        OPTIONEE:
                                        /s/ Walter Chen
                                        ----------------------------
                                        Walter Chen

                                        Address (for Notices):
                                                 ______________________________
                                                 ______________________________
                                                 ______________________________


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                               NOTICE OF EXERCISE
                                      under
                             STOCK OPTION AGREEMENT


To:      Rim Semiconductor Company (the "Corporation")
From:    Walter Chen
Date:

         Pursuant to the Stock Option Agreement (the "Agreement") between the
Corporation and the undersigned effective January 26, 2006 the undersigned
hereby exercises the Option as follows:

--------------------------------------------------------------------------------
Number of shares of Common Stock the undersigned wishes to purchase under the
Option
--------------------------------------------------------------------------------
Exercise Price per share                                                 $ 0.027
--------------------------------------------------------------------------------
Total Exercise Price                                                     $
--------------------------------------------------------------------------------
Vested shares (pursuant to Section 3 of the Agreement))
--------------------------------------------------------------------------------
Number of shares the undersigned has previously purchased by
exercising the Option
--------------------------------------------------------------------------------
Expiration Date of the Option                                   January 26, 2016
--------------------------------------------------------------------------------

         The undersigned hereby represents, warrants, and covenants to the
Corporation that:

         a. The undersigned is acquiring the Common Stock for its own account,
for investment, and not for distribution or resale, and will make no transfer of
such Common Stock except in compliance with applicable federal and state
securities laws and in accordance with the provisions of the Agreement.

         b. The undersigned can bear the economic risk of the investment in the
Common Stock resulting from this exercise of the Option, including a total loss
of its investment.

         c. The undersigned is experienced in business and financial matters and
am capable of (i) evaluating the merits and risks of an investment in the Common
Stock; (ii) making an informed investment decision regarding exercise of the
Option; and (iii) protecting my interests in connection therewith.

         d. The undersigned has had a reasonable opportunity to conduct such
investigation as it deemed necessary for the purpose of making the decision to
invest in the Common Stock. The undersigned has had a reasonable opportunity to
ask questions of and receive answers from the Corporation concerning the
operations, affairs and financial condition of the Corporation.

         The undersigned acknowledges that it must pay the exercise price in
full and make appropriate arrangements for the payment of all federal, state and
local tax withholdings due with respect to the Option exercised herein, before
the stock certificate evidencing the shares of Common Stock resulting from this
exercise of the Option will be issued to the undersigned.

         Attached in full payment of the exercise price for the Option exercised
herein is a check made payable to the Corporation in the amount of
$____________.

                                                --------------------------------