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                                                                 Exhibit 10.(iv)



                                ICHOR CORPORATION

                             2001 STOCK OPTION PLAN

1.  DEFINITIONS.

         The terms defined in this Section 1 shall, for all purposes of this
Plan, have the meanings herein specified:

         (a) "ADMINISTRATOR" shall mean such one or more persons who shall have
been appointed in accordance with Section 3.

         (b) "BOARD" shall mean the board of directors of the Company.

         (c) "CODE" shall mean the Internal Revenue Code of 1986, as amended.

         (d) "COMMON STOCK" shall mean the Company's presently authorized Common
Stock, except as this definition may be modified as provided in Section 8
hereof.

         (e) "COMPANY" shall mean Ichor Corporation, a Delaware corporation.

         (f) "DISABLED OPTIONEE" shall mean an Optionee who becomes disabled
within the meaning of Section 422(c)(6) of the Code.

         (g) "EFFECTIVE DATE" shall mean June 15, 2001.

         (h) "EXCHANGE ACT" shall mean the Securities Exchange Act of 1934, as
amended.

         (i) "FAIR MARKET VALUE" shall have the meaning given that term in
Section 7(H) hereof.

         (j) "NON-STATUTORY STOCK OPTION" shall mean an Option which does not
qualify as an incentive stock option, as such term is defined in Section 422 of
the Code.

         (k) "OPTION" shall mean a Stock Option granted by the Company pursuant
to the Plan to purchase shares of Common Stock.


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         (l) "OPTIONEE" shall mean a person who accepts an Option granted under
the Plan.

         (m) "OPTION PRICE" shall mean the price to be paid for the shares of
Common Stock being purchased pursuant to a Stock Option Agreement.

         (n) "OPTION PERIOD" shall mean the period from the date of grant of an
Option to the date after which such Option may no longer be exercised. Nothing
in this Plan shall be construed to extend the termination date of the Option
Period beyond the date set forth in the Stock Option Agreement.

         (o) "PLAN" shall mean this Ichor Corporation 2001 Stock Option Plan.

         (p) "PARTICIPANT " shall mean key persons employed by the Company, or a
Subsidiary thereof, directors of the Company, or a Subsidiary thereof, officers
of the Company, or a Subsidiary thereof, and consultants to the Company, or a
Subsidiary thereof.

         (q) "STOCK OPTION AGREEMENT" shall mean the written agreement between
the Company and Optionee confirming the Option and setting forth the terms and
conditions upon which it may be exercised.

         (r) "SUBSIDIARY" shall mean any corporation, partnership, business
trust, joint venture or other business entity in which the Company owns,
directly or indirectly through Subsidiaries, at least 50% of the beneficial
interests or total combined voting power of all classes of equity.

2. PURPOSES.

         The purposes of the Plan are to promote the growth and profitability of
the Company and its Subsidiaries by enabling it to attract and retain the best
available personnel for positions of substantial responsibility, to provide key
Participants with an opportunity for investment in the Company's Common Stock
and to give them an additional incentive to increase their efforts on behalf of
the Company and its Subsidiaries.

3. ADMINISTRATION.

         The Plan shall be administered by the Administrator. The Administrator
shall be appointed by the Board and shall consist of at least three members of
the Board, two of whom are non-employees of the Company. In the event that there
does not exist at least two non-employee members of the Board, then the
Administrator shall be comprised of the entire Board.


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         The Administrator shall have plenary authority in its discretion,
subject to and not inconsistent with the express provisions of the Plan, (i) to
grant Options, to determine the purchase price of the shares of Common Stock
covered by each Option, the term of each Option, the persons to whom, and the
time or times at which Options shall be granted, and the number of shares of
Common Stock to be covered by each Option; (ii) to interpret the Plan; (iii) to
prescribe, amend and rescind rules and regulations relating to the Plan; (iv) to
determine the terms and provisions of the Stock Option Agreements (which need
not be identical) entered into in connection with awards under the Plan; and (v)
to make all other determinations (including factual determinations) deemed
necessary or advisable for the administration of the Plan. The Administrator may
delegate to one or more of its members or to one or more agents such
administrative duties as it may deem advisable, and the Administrator or any
person to whom it has delegated duties as aforesaid may employ one or more
persons to render advice with respect to any responsibility or authority the
Administrator or such person may have under the Plan. Notwithstanding the
foregoing, each grant of an Option, and the terms thereof, to a member of the
Administrator shall be approved by the Board.

         The Administrator may employ attorneys, consultants, accountants or
other persons, and the Administrator, the Company and its officers and directors
shall be entitled to rely upon the advice, opinions or valuations of any such
persons. All actions taken and all interpretations and determinations made by
the Administrator in good faith shall be final and binding upon all persons who
have received Options, the Company and all other interested persons. No member
or agent of the Administrator shall be personally liable for any action,
determination or interpretation taken or made in good faith with respect to the
Plan or awards made thereunder, and all members and agents of the Administrator
shall be fully indemnified and protected by the Company in respect of any such
action, determination or interpretation.

4. ELIGIBILITY.

         Subject to the provisions of this Plan, the Administrator shall
determine and designate from time to time those key Participants of the Company
or its Subsidiaries to whom Options are to be granted and the number of shares
of Common Stock covered by such grants (subject to the approval of the Board in
the case of a grant to a member of the Administrator). In determining the
eligibility of an Participant to receive an Option, as well as in determining
the number of shares covered by such Option, the Administrator (or the Board, in
the case of a member of the Administrator) shall consider the position and
responsibilities of such Participant, the nature and value to the Company or a
Subsidiary of his or her services and accomplishments, his or her present and
potential contribution to the success of the Company or its Subsidiaries and
such other factors as the Administrator (or the Board) may deem relevant.



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5. SHARES AVAILABLE UNDER THE PLAN.

         The aggregate number of shares of Common Stock which may be issued or
delivered and as to which Options may be granted under the Plan is 5,000,000
shares. All such shares are subject to adjustment and substitution as set forth
in Section 8.

         If any Option granted under the Plan is canceled by mutual consent or
terminates or expires for any reason without having been exercised in full, the
shares of Common Stock subject to such Option shall again be available for
purposes of the Plan. The shares of Common Stock which may be issued or
delivered under the Plan may be either or both authorized but unissued shares or
repurchased shares, as shall be determined from time to time by the Board.

6. GRANT OF OPTIONS.

         The Administrator shall have full and complete authority, in its
discretion subject to the provisions of the Plan, to grant Options containing
such terms and conditions as the Administrator shall deem appropriate in respect
of the Non-Statutory Stock Options.

7. TERMS AND CONDITIONS OF OPTIONS.

         Options granted under the Plan shall be subject to the following terms
and conditions:

                  (A) The Option Price at which each Option may be exercised
         shall be such price as the Administrator, in its discretion, shall
         determine.

                  (B) The Option Price shall be payable in full in any one or
         more of the following ways:

                           (i) in cash; and/or

                           (ii) in shares of the Common Stock (which are owned
                  by the Optionee free and clear of all liens and other
                  encumbrances and which are not subject to the restrictions set
                  forth in Section 9) having a Fair Market Value on the date of
                  exercise of the Option which is equal to the Option Price for
                  the shares being purchased.

                  If the Option Price is paid in whole or in part in shares of
         Common Stock, any portion of the Option Price representing a fraction
         of a share shall be paid in cash. The date of exercise of an Option
         shall be determined under procedures established by the Administrator,
         and the Option Price shall be payable at such time or times as the
         Administrator, in its discretion, shall determine. No shares shall be
         issued or delivered upon exercise of an Option until full payment of
         the Option Price has been



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         made. When full payment of the Option Price has been made and subject
         to the restrictions set forth in Section 9, the Optionee shall be
         considered for all purposes to be the owner of the shares with respect
         to which payment has been made. Payment of the Option Price with shares
         shall not increase the number of shares of Common Stock which may be
         issued or delivered under the Plan as provided in Section 5.

                  (C) No Non-Statutory Stock Option shall be exercisable after
         the expiration of ten years and six months from the date of grant,
         unless such period is extended by the Company. Subject to this Section
         7(C) and Sections 7(E), 7(F) and 7(G), Options may be exercised at such
         times, in such amounts and subject to such restrictions as shall be
         determined, in its discretion, by the Administrator.

                  (D) No Option shall be transferable by an Optionee other than
         by will, or if an Optionee dies intestate, by the laws of descent and
         distribution, and all Options shall be exercisable during the lifetime
         of an Optionee only by the Optionee.

                  (E) Unless otherwise determined by the Administrator and set
         forth in the Stock Option Agreement:

                           (i) If the relationship between the Optionee (whether
                  or not a Disabled Optionee) and the Company is voluntarily
                  terminated with the written consent of the Company or a
                  Subsidiary, or if an Optionee retires under any retirement
                  plan of the Company or a Subsidiary, any then-outstanding
                  Non-Statutory Stock Options held by such Optionee shall be
                  exercisable (to the extent exercisable on the date of
                  termination of employment) by such Optionee at any time prior
                  to the expiration date of such Option or within three months
                  after the date of termination of employment, whichever is the
                  shorter period;

                           (ii) Following the death of an Optionee during his or
                  her relationship with the Company, any outstanding Option held
                  by such Optionee at the time of death shall be exercisable in
                  full (whether or not so exercisable on the date of the death
                  of such Optionee) by the person or persons entitled to do so
                  under the will of the Optionee, or, if the Optionee shall fail
                  to make testamentary disposition of such Option or shall die
                  intestate, by the legal representative of the estate of such
                  Optionee, at any time prior to the expiration date of such
                  Option or within nine months after the date of death,
                  whichever is the shorter period. Following the death of an
                  Optionee after the termination of the Optionee's relationship
                  with the Company during a period when an Option is exercisable



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                  as provided in clause (i) above, any outstanding Option held
                  by the Optionee at the time of death shall be exercisable by
                  such person or persons entitled to do so under the will of the
                  Optionee or by such Optionee's legal representative to the
                  extent that such Option was exercisable by the Optionee at the
                  time of death at any time prior to the expiration date of such
                  Option or within nine months after the date of death,
                  whichever is the shorter period;

                           (iii) If the relationship between the Company and the
                  Optionee is terminated by the Company or a Subsidiary without
                  cause, any then-outstanding Non-Statutory Stock Option held by
                  such Optionee shall be exercisable (to the extent exercisable
                  on the date of termination of employment) by such Optionee at
                  any time prior to the expiration date of such Option or within
                  30 days after the date of such termination, whichever is the
                  shorter period; and

                           (iv) If the relationship between the Company and the
                  Optionee terminates for any reason other than voluntary
                  termination with the consent of the Company or a Subsidiary,
                  retirement under any retirement plan of the Company or a
                  Subsidiary, death or involuntary termination without cause,
                  the rights of such Optionee under any then-outstanding Option
                  shall terminate at the time of such termination of the
                  relationship. In addition, if an Optionee engages in the
                  operation or management of a business, whether as owner,
                  partner, officer, director, employee or otherwise and whether
                  during or after termination of employment, which is in
                  competition with the Company or any of its Subsidiaries, the
                  Administrator may in its discretion immediately terminate all
                  Options held by the Optionee. For purposes of this subsection
                  (F), the following events or circumstances shall constitute
                  "CAUSE", to wit: perpetration of defalcations; willful,
                  reckless or grossly negligent conduct entailing a substantial
                  violation of any material laws or governmental regulations or
                  orders applicable to the Company or a Subsidiary; or repeated
                  and deliberate failure, after written notice, to comply with
                  policies or directives of the Chief Executive Officer of the
                  Company or a Subsidiary or of the Board.

         Whether termination of the Optionee's relationship is a voluntary
         termination with the written consent of, or an involuntary termination
         for cause from, the Company or a Subsidiary, whether an Optionee is a
         Disabled Optionee and whether an Optionee has engaged in the operation
         or management of a business which is in competition with the Company or
         any of its Subsidiaries shall be determined in each case by the



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         Administrator, and any such determination by the Administrator shall be
         final and binding.

                  (F) All Options granted hereunder shall be effective solely
         upon the delivery of a Stock Option Agreement, or an amendment thereto,
         duly executed by the Chief Executive Officer of the Company on behalf
         of the Company and by the Participant to whom such Options.

                  (G) Fair market value of the Common Stock shall be determined
         as follows:

                           (i) so long as the Common Stock is listed for trading
                  on the NASDAQ Small-Cap Market the NASDAQ National Market or
                  such other reliable publication as the Administrator shall, in
                  its discretion, choose to rely upon, the fair market value of
                  the Common Stock shall be determined by taking the average of
                  the "bid" and "ask" prices per share of the Common Stock as
                  quoted in such reliable publication on the trading date for
                  the two week period ending on the last business day
                  immediately preceding the date as of which fair market value
                  is to be determined; or

                           (ii) in the event the Common Stock is not listed for
                  trading on the aforementioned NASDAQ Markets or in such other
                  reliable publications as may be acceptable to the
                  Administrator, fair market value shall be determined (as of a
                  date not more than 12 months preceding the date as of which
                  such determination is required to be made hereunder) by an
                  independent appraiser selected by the Board in its sole
                  discretion. The appraiser shall be instructed to assess the
                  fair market value of a minority interest in the Common Stock,
                  taking into consideration such factors as the appraiser deems
                  relevant, which factors may include but are not limited to (i)
                  the Company's past, current and expected profitability, (ii)
                  the Company's past, present and expected revenues and net cash
                  flow, (iii) the Company's book value, and (iv) the absence of
                  an organized tracking market for the Common Stock.

                           The date of the determination of the Administrator to
                  grant an Option shall deemed to be the date on which an Option
                  is granted, provided that the Participant to whom the Option
                  is granted is promptly notified of the grant and an Option
                  Agreement is duly executed as of the date of the resolution.

                  (H) The obligation of the Company to issue or deliver shares
         of the Common Stock under the Plan shall be subject to (i) the
         effectiveness


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         of a registration statement under the Securities Act of 1933, as
         amended, with respect to such shares, if deemed necessary or
         appropriate by counsel for the Company, and (ii) all other applicable
         securities laws, regulations, rules and orders which may then be in
         effect.

         Subject to the foregoing provisions of this Section 7 and the other
provisions of the Plan, any Option granted under the Plan shall be subject to
such other terms and conditions as the Administrator shall deem advisable.

8. ADJUSTMENT AND SUBSTITUTION OF SHARES.

         If a dividend or other distribution shall be declared upon the Common
Stock payable in shares of Common Stock, the number of shares of Common Stock
then subject to any outstanding Option and the number of shares which may be
issued or delivered under the Plan but are not then subject to an outstanding
Option shall be adjusted by adding thereto the number of shares which would have
been distributable thereon if such shares had been outstanding on the date fixed
for determining the stockholders entitled to receive such stock dividend or
distribution.

         If the outstanding shares of Common Stock shall be changed into or
exchangeable for a different number or kind of shares of stock or other
securities of the Company or another corporation, whether through
reorganization, reclassification, recapitalization, stock split-up, combination
of shares, merger or consolidation, then there shall be substituted for each
share of Common Stock subject to any then-outstanding Option and for each share
of Common Stock which may be issued or delivered under the Plan but is not then
subject to an outstanding Option, the number and kind of shares of stock or
other securities into which each outstanding share of Common Stock shall be so
changed or for which each such share shall be exchangeable.

         In the case of any adjustment or substitution as provided for in this
Section 8, the aggregate Option Price for all shares subject to each
then-outstanding Option prior to such adjustment or substitution shall be the
aggregate Option Price for all shares of stock or other securities (including
any fraction) to which such shares shall have been adjusted or which shall have
been substituted for such shares. Any new Option Price per share shall be
carried to at least three decimal places with the last decimal place rounded
upwards to the nearest whole number.

         No adjustment or substitution provided for in this Section 8 shall
require the Company to issue or sell a fraction of a share or other security.
Accordingly, all fractional shares or other securities which result from any
such adjustment or substitution shall be eliminated and not carried forward to
any subsequent adjustment or substitution.



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9. RESTRICTIONS ON TRANSFER OF CERTAIN SHARES.

         The Company is authorized to (i) retain the certificate(s) representing
such shares or place such certificates in the custody of its transfer agent,
(ii) place a restrictive legend on such shares, and/or (iii) issue a stop
transfer order to the transfer agent with respect to such shares in order to
enforce the transfer restrictions of this Section and Section 7(I) hereof.

10. EFFECT OF THE PLAN ON THE RIGHTS OF PARTICIPANTS AND EMPLOYER.

         Neither the adoption of the Plan nor any action of the Board or the
Administrator pursuant to the Plan shall be deemed to give any Participant any
right to be granted an Option under the Plan, and nothing in the Plan, in any
Option granted under the Plan or in any Stock Option Agreement shall confer any
right to any Participant to continue his or her relationship with or remain in
the employ of the Company or any Subsidiary or interfere in any way with the
rights of the Company or any Subsidiary to terminate the its relationship with
or employment of any Participant at any time.

11. INTERPRETATION, AMENDMENT, AND TERMINATION.

         Except as provided elsewhere in this Plan, in the event of any dispute
or disagreement as to the interpretation of this Plan or of any rule, regulation
or procedure, or as to any question, right or obligation arising from or related
to the Plan, the decision of the Board shall be final and binding upon all
persons. The Board may, in its discretion, amend or terminate this Plan at any
time. Termination of the Plan shall not affect the rights of Optionees or their
successors under any Options outstanding and not exercised in full on the date
of termination.

12. WITHHOLDING TAXES.

         The Company unilaterally or by arrangement with the Optionee shall make
appropriate provision for satisfaction of any obligation to withhold taxes in
the case of any grant, award, exercise or other transaction which gives rise to
a withholding requirement. An Optionee or other person receiving shares issued
upon exercise of a Non-Statutory Option shall be required to pay the Company or
any Subsidiary in cash the amount of any taxes which the Company or Subsidiary
is required to withhold and the Company shall not be obligated to provide the
Optionee with the Company's Common Stock until such time as such cash is paid to
the Company.

         Notwithstanding the preceding sentence and subject to such rules as the
Administrator may adopt, Optionees who are subject to Section 16(b) of the
Exchange Act, and, if determined by the Administrator, other Optionees, may
satisfy the obligation, in whole or in part, by election on or before the date
that the amount of tax


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required to be withheld is determined, to have the number of shares received
upon exercise of the Non-Statutory Option reduced by the number of shares the
fair market value of which is equal to the withholding tax obligations.

13. EFFECTIVE DATE AND DURATION OF PLAN.

         The effective date and date of adoption of the Plan shall be the
Effective Date. No Option may be granted under the Plan subsequent to the date
which is ten (10) years following the Effective Date.




















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