EXHIBIT
10.68

# GLOBAL
MED TECHNOLOGIES, INC.2003 STOCK OPTION PLAN

Purposes
of and Benefits Under the Plan. This 2003 Stock Option Plan (the
Plan) is intended to encourage stock ownership by employees,
officers and directors (whether or not they are employees) of and consultants to
GLOBAL MED TECHNOLOGIES, INC., its divisions, Subsidiary corporations and Parent
corporations (the Corporation), so that they may acquire or increase
their proprietary interest in the Corporation, to (i) induce qualified persons
to become employees, officers or directors of or consultants to the Corporation;
(ii) reward employees, directors, and consultants for past services to the
Corporation; and/or (iii) encourage such persons to remain in the employ of or
associated with the Corporation and to put forth maximum efforts for the success
of the business of the Corporation.

It
is intended that options granted by the Committee pursuant to this Plan shall
constitute non-qualified stock options (Non-qualified Stock
Options).

Any
options granted and outstanding at the time this Plan is adopted by the Board
may be governed by the terms of and be deemed issued under this Plan at the
discretion of the Board. If any provision of this Plan materially conflicts with
a provision of such an outstanding stock option, the provisions of such stock
option shall govern.

1.
Definitions.  As used in this Plan, the following words and phrases shall have the
meanings indicated:

(a)
Board means the Board of Directors of the Corporation.

(b)
Code means Internal Revenue Code of 1986, as amended from time to time.

(c)
Committee means the Compensation Committee appointed by the Board, and/or the
Board.

(d)
Common Stock means the Corporation's $.01 par value common stock.

(e)
Disability means a Recipients inability to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment that can be expected to result in death or that has lasted or
can be expected to last for a continuous period of not less than 12 months.

(f)
Exchange Act means the Securities Exchange Act of 1934, as amended from time
to time.

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(g)
Fair Market Value per share as of a particular date means the last
sale price of the Corporations Common Stock as reported on a national
securities exchange or on the NASDAQ National Market System or, if the quotation
for the last sale reported is not available for the Corporations Common
Stock, the average of the closing bid and asked prices of the Corporations
Common Stock as reported by NASDAQ or on the electronic bulletin board or, if
none, the National Quotation Bureau, Inc.s Pink Sheets or, if
such quotations are unavailable, the value determined by the Committee in
accordance with its discretion in making a bona fide, good faith determination
of fair market value. Fair Market Value shall be determined without regard to
any restriction other than a restriction which, by its terms, never will lapse.

(h)
Option means a Non-qualified Stock Option.

(i)
Option Price means the purchase price of the shares of Common Stock
covered by an Option determined in accordance with Section 6 (b) hereunder.

(j)
Parent means any corporation which is a parent
corporation as defined in Section 424(e) of the Code, with respect to the
Corporation.

(k)
Plan means this 2003 Stock Option Plan.

(l)
Recipient means any person granted an Option hereunder whether such
grant occurred before or after this Plan was adopted by the Board.

(m)
Securities Act means the Securities Act of 1933, as amended from time to time.

(n)
Subsidiary means any corporation which is a subsidiary
corporation as defined in Section 424(f) of the Code, with respect to the
Corporation.

2.
Administration.

(a)
The Plan shall be administered by the Committee. The Committee shall have the
authority in its discretion, subject to and not inconsistent with the express
provisions of the Plan, to administer the Plan and to exercise all the powers
and authorities either specifically conferred under the Plan or necessary or
advisable in the administration of the Plan, including the authority to grant
Options; to determine the vesting schedules and other restrictions, if any,
relating to Options; to determine the Option Price; to determine the persons to
whom, and the time or times at which, Options shall be granted; to determine the
number of shares to be covered by each Option; to determine Fair Market Value
per share; to interpret the Plan; to prescribe, amend and rescind rules and
regulations relating to the Plan; to determine the terms and provisions of the
Stock Option Grants (which need not be identical) entered into in connection
with Options granted under the Plan; and to make all other determinations deemed
necessary or advisable for the administration of the Plan. The Committee 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 Committee 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 the Committee or such person
may have under the Plan.

(b)
Options granted under the Plan shall be evidenced by duly adopted resolutions of
the Committee included in the minutes of the meeting at which they are adopted
or in a unanimous written consent.

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(c)
With respect to persons subject to Section 16 of the Exchange Act, transactions
under this Plan are intended to comply with all applicable conditions of Rule
16b-3 or any successor regulation under the Exchange Act. To the extent any
provision of this Plan or action by the Committee fails to so comply, it shall
be deemed null and void, to the extent permitted by law and deemed advisable by
the Committee. Any Option granted hereunder which would subject or subjects the
Recipient to liability under Section 16(b) of the Exchange Act is void ab
initio as if it had never been granted.

(d)
No member of the Committee or the Board shall be liable for any action taken or
determination made in good faith with respect to the Plan or any Option granted
hereunder.

3.
Eligibility.

(a)
Subject to certain limitations hereinafter set forth, Options may be granted to
employees, officers and directors (whether or not they are employees) of and
consultants to the Corporation. In addition, Options granted to employees,
officers, directors, and consultants, outstanding at the time this Plan is
adopted by the Board, may be deemed issued under this Plan at the discretion of
the Board. In determining the persons to whom Options shall be granted and the
number of shares to be covered by each Option, the Committee may take into
account the duties of the respective persons, their present and potential
contributions to the success of the Corporation and such other factors as the
Committee shall deem relevant to accomplish the purposes of the Plan.

(b)
A Recipient shall be eligible to receive more than one grant of an Option during
the term of the Plan, on the terms and subject to the restrictions herein set
forth.

4.
Stock Reserved.

(a)
The stock subject to Options hereunder shall be shares of Common Stock. Such
shares, in whole or in part, may be authorized but unissued shares or shares
that shall have been or that may be reacquired by the Corporation. The aggregate
number of shares of Common Stock as to which Options may be granted from time to
time under the Plan (the Available Shares) shall not exceed
5,000,000 shares. The number of Available Shares shall be subject to adjustment
as provided in Section 6.

(b)
If any outstanding Option under the Plan for any reason expires or is terminated
without having been exercised in full, the shares of Common Stock allocable to
the unexercised portion of such Option shall become available for subsequent
grants of Options under the Plan, unless the Plan shall have been terminated.

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5.
Stock Options.

Options
granted pursuant to this Plan are intended to constitute Non-qualified Stock
Options and shall be subject to the general terms and conditions specified in
Section 6, and as determined by resolutions of the Committee.

6.
Terms and Conditions of Options. Each Option granted pursuant to the Plan
shall be evidenced by a written Stock Option Grant between the Corporation and
the Recipient, which Stock Option Grant may be in the form of Exhibit A hereto
or in any other form as approved by the Committee in its discretion, and which
shall comply with and be subject to the following terms and conditions:

(a)
Number of Shares.  Each Stock Option  Grant shall state the number of shares of
Common Stock  covered by the  Option.

(b)
Option  Price.  Each Stock  Option  Grant shall state the Option  Price,  which
shall be  determined  by the  Committee and shall be subject to adjustment as provided in
this Section 6.

(c)
Term of Option. Each Stock Option Grant shall state the period during and
times at which the Option shall be exercisable; provided, however:

(1)
The date on which the  Committee  adopts a resolution  expressly  granting an Option
shall be considered  the  day on which such Option is granted, unless a future date is
specified in the  resolution; provided, however, the Recipient shall have no rights under
the  grant until the Recipient has executed a Stock Option Grant with respect to such
Option.

(2)
The exercise period shall not exceed ten years from the date of grant of the  Option.

(3)
The Committee  shall have the authority to accelerate or extend the  exercisability  of
any  outstanding  Option  at such time and under such circumstances as it, in its sole
discretion, deems  appropriate. No exercise period may be extended to increase the term
of the  Option beyond ten years from the date of the grant.

(4)
The  exercise  period  shall be  subject to  earlier  termination  as  provided  in This
Section 6 and,  furthermore,  shall be terminated upon surrender of the Option by the
holder thereof if such  surrender has been authorized in advance by the Committee.

(d)
Method of Exercise and Medium and Time of Payment.

(1)
An  Option  may be  exercised  as to any or all  whole  shares  of  Common  Stock as to
which it then is  exercisable.

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(2)
Each exercise of an Option granted  hereunder,  whether in whole or in part,  shall be by
written notice  to the  Corporation c/o Michael I. Ruxin, M.D., Chairman of the Board of
Directors and  CEO, at 12600 West Colfax, Suite C-420, Lakewood, Colorado 80215,
designating  the number of shares as to which the Option is being exercised, and shall be
accompanied by payment in full of the Option Price for the number of shares so
designated, together with any written statements required by any applicable  securities
laws.

(3)
The Option Price shall be paid in cash, in shares of Common Stock having a Fair  Market
Value equal to such Option Price or in property or in a combination of  cash, shares and
property and, subject to approval of the Committee, may be  effected in whole or in part
(A) with monies received from the Corporation at  the time of exercise as a compensatory
cash payment, or (B) with monies borrowed  from the Corporation pursuant to repayment
terms and conditions as shall be  determined from time to time by the Committee, in its
discretion, separately  with respect to each exercise of an Option and each Recipient;
provided,  however, that each such method and time for payment and each such borrowing
and  the terms and conditions of repayment shall be permitted by and be in compliance
with applicable law.

(4)
The Committee  shall have the sole and absolute  discretion to determine  whether or not
property  other  than  cash or Common Stock may be used to purchase the shares of Common
Stock  hereunder and, if so, to determine the value of the property received.

(5)
Applicable withholding taxes shall be paid in the manner specified by Section 7
hereof.

(e)
Termination.

(1)
All Stock Options  granted  under the Plan shall  terminate,  in accordance  with the
terms set forth in  the Stock Option Grant.

(2)
Nothing in the Plan or in any Option  granted  hereunder  shall confer upon an
individual  any right to  continue  in the employ of or other relationship with the
Corporation or interfere in any  way with the right of the Corporation to terminate such
employment or other  relationship between the individual and the Corporation.

(f)
Death, Disability or Retirement of Recipient. If a Recipient shall die
while an employee, officer or director of or a consultant to the Corporation, or
if the Recipients employment, officer or director status or consulting
relationship, shall terminate by reason of Disability or retirement, all Options
theretofore granted to such Recipient, if otherwise exercisable, and unless
earlier terminated in accordance with their terms, may be exercised by the
Recipient or by the Recipients estate or by a person who acquired the
right to exercise such Options by bequest or inheritance or otherwise by reason
of the death or Disability of the Recipient, at any time within one year after
the date of death, Disability or retirement of the Recipient.

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(g)
Transferability Restriction.

(1)
Options  granted under the Plan shall not be  transferable  other than by will or by the
laws of descent  and  distribution or pursuant to a qualified domestic relations order as
defined by  the Code or Title I of the Employee Retirement Income Security Act of 1974,
or  the rules thereunder. Options may be exercised, during the lifetime of the
Recipient, only by the Recipient and thereafter only by his legal  representative.

(2)
Any attempted sale,  pledge,  assignment,  hypothecation  or other transfer of an Option
contrary to the  provisions  hereof and the levy of any execution, attachment or similar
process upon an  Option shall be null and void and without force or effect and shall
result in a  termination of the Option.

(3)(A)
As a condition  to the  transfer  of any shares of Common  Stock  issued  upon  exercise
of an Option  granted  under this Plan, the Corporation may require an opinion of
counsel, satisfactory  to the Corporation, to the effect that such transfer will not be
in violation of  the Securities Act or any other applicable securities laws or that such
transfer  has been registered under federal and all applicable state securities laws. (B)
Further, the Corporation shall be authorized to refrain from delivering or  transferring
shares of Common Stock issued under this Plan until the Committee  determines that such
delivery or transfer will not violate applicable securities  laws and the Recipient has
tendered to the Corporation any federal, state or  local tax owed by the Recipient as a
result of exercising the Option or  disposing of any Common Stock when the Corporation
has a legal liability to  satisfy such tax. (C) The Corporation shall not be liable for
damages due to  delay in the delivery or issuance of any stock certificate for any reason
whatsoever, including, but not limited to, a delay caused by listing  requirements of any
securities exchange or the National Association of  Securities Dealers, or any
registration requirements under the Securities Act,  the Exchange Act, or under any other
state or federal law, rule or regulation.  (D) The Corporation is under no obligation to
take any action or incur any  expense in order to register or qualify the delivery or
transfer of shares of  Common Stock under applicable securities laws or to perfect any
exemption from  such registration or qualification. (E) Furthermore, the Corporation will
not be  liable to any Recipient for failure to deliver or transfer shares of Common
Stock if such failure is based upon the provisions of this paragraph.

(h)
Effect of Certain Changes.

(1)
If there is any change in the number of shares of Common  Stock  through the  declaration
of stock  dividends,  or through a recapitalization resulting in stock splits, or
combinations or  exchanges of such shares, the number of shares of Common Stock available
for  Options and the number of such shares covered by outstanding Options, and the
exercise price per share of the outstanding Options, shall be proportionately  adjusted
by the Committee to reflect any increase or decrease in the number of  issued shares of
Common Stock; provided, however, that any fractional shares  resulting from such
adjustment shall be eliminated.

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(2)
In the event of the proposed  dissolution  or  liquidation  of the  Corporation,  or any
corporate  separation  or division, including, but not limited to, split-up, split-off or
spin-off,  merger or consolidation of the Corporation with another corporation, or any
sale  or transfer by the Corporation of all or substantially all its assets or any
tender offer or exchange offer for or the acquisition, directly or indirectly,  by any
person or group for more than 50% of the then outstanding voting  securities of the
Corporation, the Committee may provide that the holder of each  Option then exercisable
shall have the right to exercise such Option (at its  then current Option Price) solely
for the kind and amount of shares of stock and  other securities, property, cash or any
combination thereof receivable upon such  dissolution, liquidation, corporate separation
or division, merger or  consolidation, sale or transfer of assets or tender offer or
exchange offer, by  a holder of the number of shares of Common Stock for which such
Option might  have been exercised immediately prior to such dissolution, liquidation, or
corporate separation or division, merger or consolidation, sale or transfer of  assets or
tender offer or exchange offer; or in the alternative the Committee  may provide that
each Option granted under the Plan shall terminate as of a date  fixed by the Committee;
provided, however, that not less than 30 days written notice of the date so fixed
shall be given to each Recipient, who shall  have the right, during the period of 30 days
preceding such termination, to  exercise the Option to the extent then exercisable.

(3)
Paragraph (2) of this Section shall not apply to a merger or  consolidation  in which the
Corporation is  the  surviving corporation and shares of Common Stock are not converted
into or  exchanged for stock, securities of any other corporation, cash or any other
thing of value. Notwithstanding the preceding sentence, in case of any  consolidation or
merger of another corporation into the Corporation in which the  Corporation is the
surviving corporation and in which there is a  reclassification or change (including a
change which results in the right to  receive cash or other property) of the shares of
Common Stock (other than a  change in par value, or from par value to no par value, or as
a result of a  subdivision or combination, but including any change in such shares into
two or  more classes or series of shares), the Committee may provide that the holder of
each Option then exercisable shall have the right to exercise such Option solely  for the
kind and amount of shares of stock and other securities (including those  of any new
direct or indirect Parent of the Corporation), property, cash or any  combination thereof
receivable upon such reclassification, change, consolidation  or merger by the holder of
the number of shares of Common Stock for which such  Option might have been exercised.

(4)
If there is a change in the Common Stock of the Corporation as presently  constituted,
which is limited  to a  change of all of its authorized shares with par value into the
same number of  shares with a different par value or without par value, the shares
resulting  from any such change shall be deemed to be the Common Stock within the meaning
of the Plan.

(5)
To the extent that the foregoing  adjustments  relate to stock or  securities  of the
Corporation,  such  adjustments shall be made by the Committee, whose determination in
that respect  shall be final, binding and conclusive.

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(6)
Except as  expressly  provided  in this  Section,  the  Recipient  shall have no rights
by reason of any  subdivision  or consolidation of shares of stock of any class or the
payment of any stock  dividend or any other increase or decrease in the number of shares
of stock of  any class or by reason of any dissolution, liquidation, merger, or
consolidation  or split-up, split-off or spin-off of assets or stock of another
corporation;  and any issue by the Corporation of shares of stock of any class, or
securities  convertible into shares of stock of any class, shall not affect, and no
adjustment by reason thereof shall be made with respect to, the number or price  of
shares of Common Stock subject to the Option. The grant of an Option under  the Plan
shall not affect in any way the right or power of the Corporation to  make adjustments,
reclassifications, reorganizations or changes of its capital  or business structures or
to merge or to consolidate or to dissolve, liquidate  or sell, or transfer all or part of
its business or assets.

(i)
Rights as Shareholder - Non-Distributive Intent.

(1)
Neither a person to whom an Option is granted,  nor such person's legal  representative,
heir,  legatee  or  distributee, shall be deemed to be the holder of, or to have any
rights of a  holder with respect to, any shares of Common Stock subject to such Option
until  after the Option is exercised and the shares are issued to the person exercising
such Option.

(2)
Upon  exercise  of an Option at a time  when  there is no  registration  statement  in
effect  under the  Securities  Act relating to the shares issuable upon exercise, shares
may be issued to the  Recipient only if the Recipient represents and warrants in writing
to the  Corporation that the shares purchased are being acquired for investment and not
with a view to the distribution thereof and provides the Corporation with  sufficient
information to establish an exemption from the registration  requirements of the
Securities Act. A form of subscription agreement is attached  hereto as Exhibit B.

(3)
No shares shall be issued upon the exercise of an Option unless and until there
shall have been compliance with any then applicable requirements of the
Securities and Exchange Commission, or any other regulatory agencies having
jurisdiction over the Corporation.

(4)
No adjustment shall be made for dividends  (ordinary or  extraordinary,  whether in cash,
securities or  other  property) or distribution or other rights for which the record date
is prior to  the date such stock certificate is issued, except as provided in This
Section 6.

(j)
Other Provisions. Stock Option Grants evidencing Options granted under
the Plan shall contain such other provisions, including, without limitation, the
imposition of restrictions upon the exercise of an Option, as the Committee
shall deem advisable.

7.
Agreement by Recipient Regarding Withholding Taxes. Each Recipient agrees
that the Corporation, to the extent permitted or required by law, may deduct a
sufficient number of shares due to the Recipient upon exercise of the Option to
allow the Corporation to pay federal, state and local taxes of any kind required
by law to be withheld upon the exercise of such Option from any payment of any
kind otherwise due to the Recipient. The Corporation shall not be obligated to
advise any Recipient of the existence of any tax or the amount which the
Corporation may be required to withhold.

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8.
Term of Plan.  Options may be granted  under this Plan from time to time until
June 5, 2013,  which is ten years from  the Plan was adopted by the Board of Directors of
the Corporation.

9.
Amendment and Termination of the Plan. The Committee at any time and from
time to time may suspend, terminate, modify or amend the Plan. Except as
provided in Section 6, no suspension, termination, modification or amendment of
the Plan may adversely affect any Option previously granted, unless the written
consent of the Recipient is obtained.

10.
Assumption. Subject to Section 6, the terms and conditions of any
outstanding Options granted under this Plan shall be assumed by, be binding upon
and shall inure to the benefit of any successor corporation to the Corporation
and continue to be governed by, to the extent applicable, the terms and
conditions of this Plan. Such successor corporation may, but shall not be
obligated to, assume this Plan.

11.
Termination of Right of Action. Every right of action arising out of or
in connection with the Plan by or on behalf of the Corporation, or by any
shareholder of the Corporation against any past, present or future member of the
Committee and/or Board, or against any agent or employee, or by an agent or
employee (past, present or future) against the Corporation, irrespective of the
place where an action may be brought and of the place of residence of any such
shareholder, director, agent or employee, will cease and be barred by the
expiration of three years from the date of the act or omission in respect of
which such right of action is alleged to have risen or such shorter period as
may be provided by law.

12.
Tax Litigation. The Corporation shall have the right, but not the
obligation, to contest, at its expense, any tax ruling or decision,
administrative or judicial, on any issue which is related to the Plan and which
the Committee believes to be important to holders of Options granted under the
Plan and to conduct any such contest or any litigation arising therefrom to a
final decision.

13.
Financial  Statement.  The  Corporation  may,  but is not required  to,  provide
holders of Options with a financial  statement of the Corporation on an annual basis.

14.
Adoption.  This Plan was approved by the Board of Directors of the Corporation on
June 5, 2003.

| | GLOBAL
MED TECHNOLOGIES, INC.
| | -----------------------------

| | By______________________________
     Michael I. Ruxin,  M.D.,
     Chairman of the Board of Directors and
     Chief Executive Officer
| | ---------------------------------------------------------------------------------------------------------------------------------------

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Exhibit
A

FORM OFNON-QUALIFIED
STOCK OPTION GRANT

STOCK
OPTION GRANT effective as of this ____ day of _____________, ______, between
GLOBAL MED TECHNOLOGIES, INC., a Colorado corporation (the
Corporation), and ___________________ (the Recipient).

In
accordance with its 2003 Stock Option Plan (the Plan), a copy of
which has been provided to the Recipient and is incorporated herein by
reference, the Corporation desires, in connection with the services of the
Recipient, to provide the Recipient with an opportunity to acquire $0.01 par
value common stock (Common Stock) of the Corporation on favorable
terms and thereby increase the Recipients proprietary interest in the
Corporation and as incentive to put forth maximum efforts for the success of the
business of the Corporation. All capitalized terms not otherwise defined herein
shall be as defined in the Plan.

NOW,
THEREFORE, in consideration of the premises and mutual covenants herein set
forth and other good and valuable consideration, the Corporation and the
Recipient agree as follows:

1.
Confirmation of Grant of Option. Pursuant to a determination of the
Committee (as defined in the Plan) made on ____________, _____ (the Date
of Grant), the Corporation subject to the terms of the Plan and of this
Stock Option Grant, confirms that the Recipient irrevocably has been granted on
the Date of Grant, as a matter of separate inducement and agreement, and in
addition to and not in lieu of salary or other compensation for services, a
Non-qualified Stock Option pursuant to Section 6 of the Plan (the
Option) to purchase an aggregate of _________ shares of
Common Stock on the terms and conditions herein set forth, subject to adjustment
as provided in Paragraph 9 hereof.

2.
Option Price.  The Option Price per share of Common Stock covered by the Option
will be $______ (the "Option  Price")  subject to adjustment as provided in
Paragraph 8 hereof.

3.
Vesting of Option. [SELECT WHICH VESTING OPTION APPLIES] [This option
shall vest as to 20% of the shares covered hereby on the one year anniversary of
the date of Grant. Thereafter, this Option shall vest as to an additional 20% of
the shares covered hereby, cumulatively, on the second, third, fourth and fifth
anniversary dates of the Date of Grant.] OR [This option shall be immediately
fully vested from the Date of Grant]. Vesting shall occur only while the
recipient is an employee, officer or director of or consultant to the
Corporation.

4.
Exercise of Option. Except as otherwise provided in the Plan and Paragraph 3
above, this Option may be exercised in whole or in part at any time during the
term of the Option, provided, however, no portion of this Option shall be
exercisable (i) after the expiration of the term thereof, and (ii) unless the
holder shall at the time of exercise have been an employee, officer or director
of or a consultant to the corporation for a period of at least six months.

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The
Option may be exercised, as provided in this Paragraph 4, by notice and payment
to the Corporation as provided in Paragraph 9 hereof and Section 6 of the Plan.

5.
Term of Option.  The term of the Option  will be  through  ____________,  20___,
subject to earlier  termination  or  cancellation as provided in this Stock Option Grant
and the Plan.

The
holder of the Option will not have any rights to dividends or any other rights
of a shareholder with respect to any shares of Common Stock subject to the
Option until such shares shall have been purchased through the exercise of the
Option and has been evidenced on the stock transfer records of the Corporation
maintained by the Corporations transfer agent.

6.
Transferability Restriction. The Option may not be assigned, transferred
or otherwise disposed of, or pledged or hypothecated in any way (whether by
operation of law or otherwise) except in strict compliance with Section 6 of the
Plan. Any assignment, transfer, pledge, hypothecation or other disposition of
the Option or any attempt to make any such levy of execution, attachment or
other process will cause the Option to terminate immediately upon the happening
of any such event, provided, however, that any such termination of the Option
under the foregoing provisions of this Paragraph 6, will not prejudice any
rights or remedies which the Corporation may have under this Stock Option Grant
or otherwise.

7.
Death,  Disability  or  Retirement  of  Recipient.  The  Recipients  rights
to exercise  this Option upon the death,  Disability or retirement of the Recipient shall
be as set forth in Section 6 of the Plan.

8.
Adjustments.  The  Option  shall be subject  to  adjustment  upon the  occurrence
of certain  events as set forth in  Section 6 of the Plan.

9.
Notices. Each notice relating to this Stock Option Grant will be in
writing and delivered in person or by certified mail to the proper address.
Notices to the Corporation shall be addressed to the Corporation c/o Michael I.
Ruxin, M.D., Chairman of the Board of Directors and CEO, at 12600 W. Colfax,
Suite C-420, Lakewood, Colorado 80215. Notices to the Recipient or other person
or persons then entitled to exercise the Option shall be addressed to the
Recipient or such other person or persons at the Recipients address
specified below. Anyone to whom a notice may be given under this Stock Option
Grant may designate a new address by notice to that effect given pursuant to
this Paragraph 9.

10.
Approval of Consent. The exercise of the Option and the issuance and  delivery of
shares of Common Stock pursuant thereto shall be subject to approval  by the Corporations
counsel of all legal matters in connection therewith,  including compliance with the
requirements of the Securities Act of 1933, as  amended, the Securities Exchange Act of
1934, as amended, applicable state  securities laws, the rules and regulations
thereunder, and the requirements of  any national securities exchange or association upon
which the Common Stock then  may be listed.

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11.
Benefits of Stock Option Grant. This Stock Option Grant will inure to the
benefit of and be binding upon each successor and assign of the Corporation. All
obligations imposed upon the Recipient and all rights granted to the Corporation
under this Stock Option Grant will be binding upon the Recipients heirs,
legal representatives and successors.

12.
Governmental and Other Regulations. The exercise of the Option and the
Corporations obligation to sell and deliver shares upon the exercise of
rights to purchase shares is subject to all applicable federal and state laws,
rules and regulations, and to such approvals by any regulatory or governmental
agency which, in the opinion of counsel for the Corporation, may be required.

13.
Conflicts  with the Plan. If any provision in this Stock Option Grant  materially
conflicts  with a provision in the  Plan, the Plan shall govern.

Executed
in the name and on behalf of the Corporation by one of its duly authorized
officers and by the Recipient all as of the date first above written.

| | GLOBAL
MED TECHNOLOGIES, INC.
| | -----------------------------

| | By_____________________________
     Michael I. Ruxin, M.D.,
     Chairman of the Board and
     Chief Executive Officer
| | ------------------------------------------------------------------------------------------------------------------------

The
undersigned Recipient understands the terms of this Stock Option Grant. The
undersigned acknowledges that he or she can receive a copy of the Plan by
request to the Corporation. The undersigned agrees to comply with the terms and
conditions of the Plan.

Date
_______________________, _____    
           ____________________________________

| | _____________________________________
(Signature)
Name: ________________________________
Tax ID Number:________________________
Address:  ____________________________
______________________________________
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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Exhibit
B

FORM OFSUBSCRIPTION
AGREEMENT

THE
SECURITIES OF GLOBAL MED TECHNOLOGIES, INC. BEING SUBSCRIBED FOR HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AND ARE RESTRICTED
SECURITIES AS THAT TERM IS DEFINED IN RULE 144 UNDER THE ACT. THE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD OR OTHERWISE TRANSFERRED EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT, OR PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER THE ACT, THE AVAILABILITY OF WHICH IS TO BE
ESTABLISHED TO THE SATISFACTION OF THE COMPANY.

IN
MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF
THE PERSON OR ENTITY CREATING THE SECURITIES AND THE TERMS OF THE OFFERING,
INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN
RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY
AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE
ACCURACY OR DETERMINED THE ADEQUACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

THESE
SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT
BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND THE APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION
OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO
BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

This
Subscription Agreement is entered for the purpose of the Undersigned acquiring
_____________ shares of the $.01 par value common stock (the
Securities) of GLOBAL MED TECHNOLOGIES, INC., a Colorado corporation
(the Corporation), from the Corporation upon the exercise of an
Option pursuant to the Corporations 2003 Stock Option Plan (the
Plan). It is understood that exercise of an Option at a time when no
registration statement relating thereto is effective under the Securities Act of
1933, as amended (the Securities Act), can not be completed until
the Undersigned executes this Subscription Agreement and delivers it to the
Corporation, and then such exercise is effective only upon acceptance of this
Subscription Agreement by the Corporation, and in accordance with the terms of
the Plan and this Subscription Agreement.

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---

In
connection with the Undersigneds acquisition of the Securities, the
Undersigned represents and warrants to the Corporation as follows:

1.
The Undersigned has reviewed all available reports filed by the Corporation
pursuant to the Securities Exchange Act of 1934, including (without limitation)
the Corporations most recent annual report on Form 10-K for the most
recently-completed fiscal year and all Forms 10-Q for the quarters subsequent to
the end of the most recent fiscal year, the Plan, and such other information as
the Undersigned may have requested of the Corporation regarding its business,
operations, management, and financial condition (all of which is referred to
herein as the Available Information).

2.
The Corporation has given the Undersigned the opportunity to ask questions of
and to receive answers from persons acting on the Corporations behalf
concerning the terms and conditions of this transaction and the opportunity to
obtain any additional information regarding the Corporation, its business and
financial condition which the Corporation possesses or can acquire without
unreasonable effort or expense.

3.
The Securities are being acquired by the Undersigned for his own account and not
on behalf of any other person or entity. The Undersigneds present
financial condition is such that it is unlikely that it would be necessary for
the Undersigned to dispose of any portion of the Securities in the foreseeable
future.

4.
The Undersigned understands that the Securities being acquired hereby have not
been registered under the Securities Act or any state or foreign securities
laws, and are and will continue to be restricted securities within the meaning
of Rule 144 of the General Rules and Regulations under the Securities Act and
applicable state statutes, and consents to the placement of an appropriate
restrictive legend or legends on any certificates evidencing the Securities and
any certificates issued in replacement or exchange therefor and acknowledges
that the Corporation will cause its stock transfer records to note such
restrictions.

5.
By the Undersigneds execution below, it is acknowledged and understood
that the Corporation is relying upon the accuracy and completeness hereof in
complying with certain obligations under applicable securities laws.

6.
This  Agreement  binds and inures to the benefit of the  representatives,  successors
and  permitted  assigns of the  respective parties hereto.

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---

7.
The Undersigned acknowledges and agrees that the Corporation may withhold shares
of Common Stock issuable upon the exercise of the Option for the payment of
taxes as a result of the exercise of the Option in satisfaction of federal
withholding taxes.

| | (Undersigned)
| | -------------

______________,
____

| | ____________________________
(Signature)
Name: _______________________
Tax ID Number:_______________
Address: ____________________
_____________________________
_____________________________
| | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ACCEPTANCE

This
Subscription Agreement is hereby accepted as of the _____ day of ____________,
20__.

| | GLOBAL
MED TECHNOLOGIES, INC.
| | -----------------------------

| | By
_____________________________
     Michael I. Ruxin, M.D.,
     Chairman of the Board and
     Chief
Executive Officer
| | -------------------------------------------------------------------------------------------------------------------------

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