Asian American Business Development Company
                           2005 STOCK OPTION PLAN

SECTION 1.     INTRODUCTION

         1.1 Establishment. Effective as provided in Section 17,
Asian American Business Development Corp., a Nevada corporation (the
"Company"), hereby restates this plan of long-term stock-based
compensation incentives for selected Eligible Participants of the
Company and its affiliated corporations. The plan is known as the ASIAN
AMERICAN BUSINESS DEVELOPMENT COMPANY 2005 Stock Option Plan (the
"Plan"). The Plan was adopted by the Company on May 1, 2005.

         1.2 Purpose. The purpose of the Plan is to promote the best
interest of the Company, and its stockholders by providing a means of
non-cash remuneration to selected Eligible Participants who contribute
most to the operating progress and earning power of the Company.

SECTION 2.     DEFINITIONS

         The following definitions shall be applicable to the terms
used in the Plan:

         2.1 "Affiliated Corporation" means any corporation that is
either a parent corporation with respect to the Company or a subsidiary
corporation with respect to the Company (within the meaning of Sections
424(e) and (f), respectively, of the Internal Revenue
Code).

         2.2 "Code" means the Internal Revenue Code of 1986, as it may
be amended from time to time.

         2.3 "Committee" means a committee designated by the Board of
Directors to administer the Plan or, if no committee is so designated,
the Board of Directors. Any Committee Member who is also an Eligible
Participant may receive a grant only if he abstains from voting in
favor of a grant to himself, and the grant is determined and approved
by the remaining Committee Members. The Board of Directors, in its sole
discretion, may at any time remove any member of the Committee and
appoint another Director to fill any vacancy on the Committee.

         2.4 "Common Stock" means the Company's $.001 par value voting
common stock.

         2.5 "Company" means ASIAN AMERICAN BUSINESS DEVELOPMENT
COMPANY, a Nevada corporation

         2.6 "Effective Date" means the effective date of the Plan, as
set forth in Section 17 hereof.



         2.7 "Eligible Participant" or "Participant" means any
employee, director, officer, consultant, or advisor of the Company who
is determined (in accordance with the provisions of Section 4 hereof)
to be eligible to receive stock and exercise stock options hereunder.

         2.8 "Fair Market Value" means with respect to Common Stock, as
of any date, the closing price of a share of Common Stock as reported
on such exchange on which the Company's Common Stock may be listed.

         2.9 "Option" means the grant to an Eligible Participant of a
right to acquire shares of Restricted Stock of the Company, unless said
shares are duly registered, and thus freely tradeable, pursuant to a
Grant of Option approved by the Committee and executed and delivered by
the Company.

         2.10 "Plan" means this Asian American Business Development
Company 2005 Stock Option Plan, adopted on May 1, 2005.

         2.11 "Registered Stock" means shares of common stock, $.0001
par value, of the Company underlying an Option which, if specified in
the written Option are, upon issuance, freely tradeable by virtue of
having been registered with the Securities and Exchange Commission
under cover of Form S-8, or another appropriate registration statement,
and which shares have been issued subject to the "blue sky" provisions
of any appropriate state jurisdiction. Special resale restrictions may,
however, apply to officers, directors, control shareholders and
affiliates of the Company and such persons will be required to obtain
an opinion of counsel as regards their ability to resell shares
received pursuant to this Plan.

         2.12 "Stock" or "Restricted Stock" means shares of common
stock, $.001 par value, of the Company issuable directly under the Plan
or underlying the grant of the Option, which are, upon issuance,
subject to the restrictions set forth in Section 11 hereof.

         Wherever appropriate, words used in the Plan in the singular
may mean the plural, the plural may mean the singular, and the
masculine may mean the feminine.

SECTION 3.     ADOPTION AND ADMINISTRATION OF THE PLAN

         The Plan was adopted on May 1, 2005. In the absence of
contrary action by the Board of Directors, and except for action taken
by the Committee pursuant to Section 4 in connection with the
determination of Eligible Participants, any action taken by the
Committee or by the Board of Directors with respect to the
implementation, interpretation or administration of the Plan shall be
final, conclusive and binding.

SECTION 4.     ELIGIBILITY AND AWARDS

         The Committee shall determine at any time and from time to
time after the effective date of the Plan: (i) the Eligible
Participants; (ii) the number of shares of Common Stock issuable
directly or to be granted pursuant to an Option which an Eligible
Participant may exercise; (iii) the price per share at which each
option may be exercised, in cash or cancellation of fees for services

<PAGE>3

for which the Company is liable, if applicable, or the value per share
if a direct issue of stock; and (iv) the terms on which each option may
be granted. Such determination, as may from time to time be amended or
altered at the sole discretion of the Committee.  Notwithstanding the
provisions of Section 3 hereof, no such determination by the Committee
shall be final, conclusive and binding upon the Company unless and
until the Board of Directors has approved the same; provided, however,
that if the Committee is composed of a majority of the persons then
comprising the Board of Directors of the Company, such approval by the
Board of Directors shall not be necessary.

SECTION 5.     GRANT OF OPTION

         Subject to the terms and provisions of this Plan, the terms
and conditions under which an Option may be granted to an Eligible
Participant shall be set forth in a written agreement (i.e., a
Consulting Agreement, Services Agreement, Fee Agreement, or Employment
Agreement) or as written Grant of Option hereunder shall be in the form
attached hereto as Exhibit A and made a part hereof and containing such
modifications thereto and such other provisions as the Committee, in
its sole discretion, may determine. Notwithstanding the foregoing
provisions of this Section 5, each Grant of Option shall incorporate
the provisions of this Plan by reference.

SECTION 6.     TOTAL NUMBER OF SHARES OF COMMON STOCK

         The total number of shares of Common Stock reserved for
issuance by the Company either directly or underlying Options granted
under this Plan shall not be more than 5,000,000. The total number of
shares of Common Stock reserved for such issuance may be increased only
by a resolution adopted by the Board of Directors and amendment of the
Plan.   Such Common Stock may be authorized and unissued or reacquired
common stock of the Company.

SECTION 7.     PURCHASE OF SHARES OF COMMON STOCK

         7.1 As soon as practicable after the determination by the
Committee and approval by the Board of Directors (if necessary,
pursuant to Section 4 hereof) of the Eligible Participants and the
number of shares an Eligible Participant may be issued directly or
granted pursuant to an Option, the Committee shall give notice (written
or oral) thereof to each Eligible Participant, which notice may be
accompanied by the Grant of Option, if appropriate, to be executed by
such Eligible Participant. Upon receipt, an Eligible Participant may
exercise his right to an Option to purchase Common Stock by providing
written notice as specified in the Grant of Option.

         7.2 The negotiated cost basis of stock issued directly or the
exercise price for each option to purchase shares of Common Stock
pursuant to paragraph 7.1 shall be as determined by the Committee, it
being understood that the price so determined by the Committee may vary
from one Eligible Participant to another. In computing the negotiated



<PAGE>4

direct issue price or the Option exercise price of a share of Common
Stock, the Committee shall take into consideration, among other
factors, the restrictions set forth in Section 11 hereof.

SECTION 8.     PAYMENT UPON EXERCISE OF OPTION OR DIRECT ISSUANCE

         The Committee shall determine the terms of the Grant of Option
and the exercise price or direct issue price for payment by each
Participant for his shares of Common Stock granted thereunder.   Such
terms shall be set forth or referred to in the Grant of Option or Board
Resolution authorizing the share issuance. The terms and/or exercise
price so set by the Committee may vary from one Participant to another.
In the event that all the Committee approves an Option grant permitting
deferred payments, the Participant's obligation to pay for such Common
Stock shall be evidenced by a Promissory Note executed by such
Participant and containing such modifications thereto and such other
provisions as the Committee, in its sole discretion, may determine.

SECTION 9.     DELIVERY OF SHARES OF COMMON STOCK UPON EXERCISE

         The Company shall deliver to or on behalf of each Participant
such number of shares of Common Stock as such Participant elects to
purchase upon direct issuance or upon exercise of the Option. Such
shares, which shall be fully paid and nonassessable upon the issuance
thereof (unless a portion or all of the purchase price shall be paid on
a deferred basis) shall be represented by a certificate or certificates
registered in the name of the Participant and stamped with an
appropriate legend referring to the restrictions thereon, if any, as
may be set forth in the Grant of Option. Subject to the terms and
provisions of the Wyoming Business Corporation Act and the Grant of
Option to which he is a party, a Participant shall have all the rights
of a stockholder with respect to such shares, including the right to
vote the shares and to receive all dividends or other distributions
paid or made with respect thereto (except to the extent such
Participant defaults under the promissory note, if any, evidencing the
deferred purchase price for such shares), provided that such shares
shall be subject to the restrictions hereinafter set forth. In the
event of a merger or consolidation to which the Company is a party, or
of any other acquisition of a majority of the issued and outstanding
shares of common stock of the Company involving an exchange or a
substitution of stock of an acquiring corporation for common stock of
the Company, or of any transfer of all or substantially all of the
assets of the Company in exchange for stock of an acquiring
corporation, a determination as to whether the stock of the acquiring
corporation so received shall be subject to the restrictions set forth
in Section 11 shall be made solely by the acquiring corporation.

SECTION 10.    RIGHTS OF EMPLOYEES; PARTICIPANTS

         10.1 Employment. Nothing contained in the Plan or in any Stock
Option, Restricted Stock award or other Common Stock award granted
under the Plan shall confer upon any Participant any right with respect
to the continuation of his or her employment by the Company or any
Affiliated Corporation, or interfere in any way with the right of

<PAGE>5

the Company or any Affiliated Corporation, subject to the terms of any
separate employment agreement to the contrary, at any time to terminate
such employment or to increase or decrease the compensation of the
Participant from the rate in existence at the time of the grant of a
Stock Option or other Common Stock award. Whether an authorized leave
of absence, or absence in military or government service, shall
constitute termination of employment shall be determined by the
Committee at the time.

         10.2 Non-transferability. No right or interest of any
Participant in a Stock Option award shall be assignable or transferable
during the lifetime of the Participant, either voluntarily or
involuntarily, or subjected to any lien, directly or indirectly, by
operation of law, or otherwise, including execution, levy, garnishment,
attachment, pledge or bankruptcy. In the event of a Participant's
death, a Participant's rights and interest in Stock
Option awards shall be transferable by testamentary will or the laws of
descent and distribution, and payment of any amounts due under the
Plan shall be made to, and exercise of any Stock Options may be made
by, the Participant's legal representatives, heirs or legatees. If in
the opinion of the Committee a person entitled to payments or to
exercise rights with respect to the Plan is unable to care for his or
her affairs because of mental condition, physical condition, or age,
payment due such person may be made to, and such rights shall be
exercised by, such person's guardian, conservator or other legal
personal representative upon furnishing the Committee with evidence
satisfactory to the Committee of such status.

SECTION 11.    GENERAL RESTRICTIONS

         11.1 Investment Representations. The Company may require any
person to whom a Stock Option, Restricted Stock award, or other Common
Stock award is granted, as a condition of exercising such Stock Option,
or receiving such Restricted Stock award, or other Common Stock award,
to give written assurances in substance and form satisfactory to the
Company and its counsel to the effect that such person is acquiring the
Common Stock subject to the Stock Option, Restricted Stock award, or
other Common Stock award for his or her own account for investment and
not with any present intention of selling or otherwise distributing the
same, and to such other effects as the Company deems necessary or
appropriate in order to comply with federal and applicable state
securities laws.

         11.2 Compliance with Securities Laws. Each Stock Option shall
be subject to the requirement that if at any time counsel to the
Company shall determine that the listing, registration or qualification
of the shares subject to such Stock Option upon any securities exchange
or under any state or federal law, or the consent or approval of any
governmental or regulatory body, is necessary as a condition of, or in
connection with, the issuance or purchase of shares thereunder, such
Stock Option may not be accepted or exercised in whole or in part
unless such listing, registration, qualification, consent or approval



<PAGE>6

shall have been effected or obtained on conditions acceptable to the
Committee. Nothing herein shall be deemed to require the Company to
apply for or to obtain such listing, registration or qualification.

         11.3 Changes in Accounting Rules. Notwithstanding any other
provision of the Plan to the contrary, if, during the term of the Plan,
any changes in the financial or tax accounting rules applicable to
Stock Options, Restricted Stock awards or other Common Stock awards
shall occur that, in the sole judgment of the Committee, may have a
material adverse effect on the reported earnings, assets or liabilities
of the Company, the Committee shall have the right and power to modify
as necessary, or cancel, any then outstanding and unexercised Stock
Options, any then outstanding Restricted Stock awards as to which the
applicable employment restriction has not been satisfied and any other
Common Stock awards.

SECTION 12.    WITHHOLDING REQUIREMENT

         The Company's obligations to deliver shares of Common Stock
upon the exercise of any Stock Option granted under the Plan or
pursuant to any other Common Stock award, shall be subject to the
Participant's satisfaction of all applicable federal, state and local
income and other tax withholding requirements. The Company may, in its
sole discretion, withhold the appropriate number of shares of Common
Stock from Participant's option exercise to satisfy such tax
requirements.

SECTION 13.    PLAN BINDING UPON ASSIGNS OR TRANSFEREES

         In the event that, at any time or from time to time, any
shares of Common Stock are sold, exchanged, assigned or transferred to
any party (other than the Company) pursuant to the provisions of
Section 10.2 hereof, such party shall take such shares of Common Stock
pursuant to all provisions and conditions of this Plan, and, as a
condition precedent to the transfer of such shares of Common Stock,
such party shall agree (for and on behalf of himself or itself, his or
its legal representatives and his or its transferees and assigns) in
writing to be bound by all provisions of this Plan.

SECTION 14.    COSTS AND EXPENSES

         All costs and expenses with respect to the adoption,
implementation, interpretation and administration of the Plan shall be
borne by the Company.

SECTION 15.    CHANGES IN CAPITAL STRUCTURE OF THE COMPANY

         Unless otherwise consented to by the Company in writing or
unless otherwise required by law, the shares of Restricted Stock
issuable upon exercise of the Option which are held by a Participant
shall not be adjusted in any manner for: (i) a subdivision or
combination of any of the shares of capital stock of the Company; (ii)



<PAGE>7

a dividend payable in shares of capital stock of the Company; (iii) a
reclassification of any shares of capital stock of the Company; or (iv)
any other change in the capital structure of the Company.

SECTION 16.    PLAN AMENDMENT, MODIFICATION AND TERMINATION

         The Board, upon recommendation of the Committee or at its own
initiative, at any time may terminate and at any time and from time to
time and in any respect, may amend or modify the Plan, including:

                  (a) Increase the total amount of Common Stock that
may be awarded under the Plan, except as provided in Section 15 of the
Plan;

                  (b) Change the classes of Eligible Employees from
which Participants may be selected or materially modify the
requirements as to eligibility for participation in the Plan;

                  (c) Increase the benefits accruing to Participants;
or

                  (d) Extend the duration of the Plan.

         Any Stock Option or other Common Stock award granted to a
Participant prior to the date the Plan is amended, modified or
terminated will remain in effect according to its terms unless
otherwise agreed upon by the Participant; provided, however, that this
sentence shall not impair the right of the Committee to take whatever
action it deems appropriate under Section 11 or Section 15. The
termination or any modification or amendment of the Plan shall not,
without the consent of a Participant, affect his rights under a Stock
Option, Restricted Stock Award or other Common Stock award previously
granted to him. With the consent of the Participant, the Committee may
amend outstanding option agreements in a manner not inconsistent with
the Plan. The Board shall have the right to amend or modify the terms
and provisions of the Plan and of any outstanding Stock Options granted
under the Plan.

SECTION 17.    EFFECTIVE DATE OF THE PLAN

         17.1  Effective  Date.  The Plan is effective as of May 1,
2005, the date it was adopted by the Board of Directors of the Company.

         17.2  Duration of the Plan. The Plan shall terminate at
midnight on May 1, 2011, which is the day before the fifth anniversary
of the Effective Date, and may be extended thereafter or terminated
prior thereto by action of the Board of Directors; and no Stock Option,
Restricted Stock Award or other Common Stock award shall be granted
after such termination. Stock Options, Restricted Stock Awards and
other Common Stock awards outstanding at the time of the Plan
termination may continue to be exercised, or become free of
restrictions, in accordance with their terms.



<PAGE>8

SECTION 18.    BURDEN AND BENEFIT

         The terms and provisions of this Plan shall be binding upon,
and shall inure to the benefit of, each Participant, his executives or
administrators, heirs, and personal and legal representatives.

         Dated the 1st day of May 2005.

                            Asian American Business Development Company

                            By: /s/ James E. Hogue
                                --------------------------
                                James E. Hogue, President
ATTEST:
/s/
--------------------------------
                     , Secretary




<PAGE>9

                                    EXHIBIT A
                                     FORM OF
                         GRANT OF OPTION PURSUANT TO THE
    ASIAN AMERICAN BUSINESS DEVELOPMENT COMPANY 2005 STOCK OPTION PLAN


         ASIAN AMERICAN BUSINESS DEVELOPMENT COMPANY, a Nevada
corporation (the "Company"), hereby grants to
________________________________ ("Optionee") an option to purchase
___________ shares of common stock, $.0001 par value (the "Shares") of
the Company at the purchase price of $______ per share (the "Purchase
Price") in accordance with and subject to the terms and conditions of
the ASIAN AMERICAN BUSINESS DEVELOPMENT COMPANY 2005 Stock Option Plan.
This option is exercisable in whole or in part, and upon payment in
cash or cancellation of fees, or other form of payment acceptable to
the Company, to the offices of the Company at 19020 State Road 1,
Spencerville, Indiana 46877.   This Grant of Option form supersedes and
replaces any prior notice of option grant, description of vesting terms
or similar documents previously delivered to Optionee for options
granted on the date stated below.

         In the event that Optionee's employee or consultant status
with the Company or any of its subsidiaries ceases or terminates for
any reason whatsoever, including, but not limited to, death,
disability, or voluntary or involuntary cessation or termination, this
Grant of Option shall terminate with respect to any portion of this
Grant of Option that has not vested prior to the date of cessation or
termination of employee or consultant status, as determined in the sole
discretion of the Company. In the event of termination for cause, this
Grant of Option shall immediately terminate in full with respect to any
un-exercised options, and any vested but un-exercised options shall
immediately expire and may not be exercised. Unless otherwise set forth
in a separate employment or consulting agreement, vested options must
be exercised within one (1) year after the date of termination (other
than for cause), notwithstanding the Expiration Date set forth above.

         Subject to the preceding paragraph, this Grant of Option, or
any portion hereof, may be exercised only to the extent vested per the
attached schedule, and must be exercised by Optionee no later than
______________________ (the "Expiration Date") by (i) notice in
writing, sent by facsimile copy to the Company at its address set forth
above; and (ii) payment of the Purchase Price of a minimum of
$1,000 (unless the Purchase price for the exercise of all vested
options available to be exercised totals less than $1,000) pursuant to
the terms of this Grant of Option and the Company's Employee Benefit
and Consulting Services Compensation Plan. Any portion of this Grant of
Option that is not exercised on or before to the Expiration Date shall
lapse. The notice must refer to this Grant of Option, and it must
specify the number of shares being purchased, and recite the
consideration being paid therefor. Notice shall be deemed given on the
date on which the notice is delivered to the Company by facsimile
transmission bearing an authorized signature of Optionee.



<PAGE>10

         This Option shall be considered validly exercised once payment
therefore has cleared the banking system or the Company has issued a
credit memo for services in the appropriate amount, or receives a duly
executed acceptable promissory note, if the Option is granted with
deferred payment, and the Company has received written notice of such
exercise.

         If Optionee fails to exercise this Option in accordance with
this Agreement, then this Agreement shall terminate and have no force
and effect, in which event Optionor and Optionee shall have no
liability to each other with respect to this Grant of Option.

         This Option may be executed simultaneously in two or more
counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument.

         The validity, construction and enforceability of this Grant of
Option shall be construed under and governed by the laws of the
State of Wyoming, without regard to its rules concerning conflicts of
laws, and any action brought to enforce this Grant of Option or resolve
any controversy, breach or disagreement relative hereto shall be
brought only in a court of competent jurisdiction in the State of
Wyoming.

         Unless otherwise set forth in a separate employment or
consulting agreement, the shares of stock issuable upon exercise of the
Option (the "Underlying Shares") are not subject to adjustment due to
any changes in the capital structure of the Company as set forth in
Section 15 of the Plan.  Further, the Underlying Shares may not be
sold, exchanged, assigned, transferred or permitted to be transferred,
whether voluntarily, involuntarily or by operation of law, delivered,
encumbered, discounted, pledged, hypothecated or otherwise disposed of
until (i) the Underlying Shares have been registered with the
Securities and Exchange Commission pursuant to an effective
registration statement on Form S-8, or such other form as may be
appropriate, in the discretion of the Company; or (ii) an Opinion of
Counsel, satisfactory to the Company, has been received, which opinion
sets forth the basis and availability of any exemption for resale or
transfer from federal or state securities registration requirements.

         The Underlying Shares ___________________ [insert appropriate
language: "have" or "have not"] been registered with the Securities and
Exchange Commission pursuant to a registration statement on Form
S-8.

         This Grant of Option relates to options granted
on____________________, 20___.







                    ASIAN AMERICAN BUSINESS DEVELOPMENT COMPANY

                                       BY THE BOARD OF DIRECTORS
                                       OR A SPECIAL COMMITTEE THEREOF

                                           NOT FOR EXECUTION
                                       By:
                                          ----------------------------

                                           NOT FOR EXECUTION
                                       By:
                                          ----------------------------

                                           NOT FOR EXECUTION
                                       By:
                                          ----------------------------


OPTIONEE:

NOT FOR EXECUTION

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


-----------------------------------------
ASIAN AMERICAN BUSINESS DEVELOPMENT COMPANY 2005 STOCK OPTION PLAN
(4/29/05)

GRANT OF OPTION PURSUANT TO THE ASIAN AMERICAN BUSINESS DEVELOPMENT
COMPANY 2005 STOCK OPTION PLAN, DATED APRIL 29, 2005.

OPTIONEE:                -----------------------------

OPTIONS GRANTED:         -----------------------------

PURCHASE PRICE:          $       per Share
                          ------

DATE OF GRANT:           -----------------------------

EXERCISE PERIOD:                       to
                         ------------      -----------

EXERCISED TO DATE:                          INCLUDING THIS EXERCISE
                              -------------
BALANCE TO BE EXERCISED:
                              -------------








                              FORM OF SUBSCRIPTION
                 (TO BE SIGNED ONLY UPON EXERCISE OF THE OPTION)

TO:      ASIAN AMERICAN BUSINESS DEVELOPMENT COMPANY ("Optionor")

         The undersigned, the holder of the Option described above,
hereby irrevocably elects to exercise the purchase rights represented
by such Option for, and to purchase thereunder, ___________ shares of
the Common Stock of ASIAN AMERICAN BUSINESS DEVELOPMENT COMPANY, and
herewith makes payment of _____________ therefor. Optionee requests
that the certificates for such shares be issued in the name of Optionee
and be delivered to Optionee at the address of
____________________________________________________________________
____________________________________________________________________,
and if such shares shall not be all of the shares purchasable
hereunder, represents that a new Subscription of like tenor for the
appropriate balance of the shares, or a portion thereof, purchasable
under the Grant of Option pursuant to the ASIAN AMERICAN BUSINESS
DEVELOPMENT COMPANY 2005 Stock Option Plan, be delivered to Optionor
when and as appropriate.


                                    OPTIONEE:

                                    NOT FOR EXECUTION

Dated:
       -------------------------    -------------------------------