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| ARTICLE 1 | PURPOSE AND INTERPRETATION                                               | 1  |
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| 1.1       | Purpose                                                                  | 1  |
| 1.2       | Definitions                                                              | 1  |
| ARTICLE 2 | SHARE OPTION PLAN                                                        | 4  |
| 2.1       | The Plan                                                                 | 4  |
| 2.2       | Participants                                                             | 4  |
| 2.3       | Maximum Number of Common Shares                                          | 4  |
| 2.4       | Limitations on Stock Option Grants                                       | 4  |
| 2.5       | Price                                                                    | 5  |
| 2.6       | Vesting                                                                  | 5  |
| 2.7       | Lapsed Options                                                           | 5  |
| 2.8       | Consideration, Option Period and Payment                                 | 5  |
| 2.9       | Termination of Employment and Cessation of Investor Relations Activities | 6  |
| 2.10      | Death of Participant                                                     | 7  |
| 2.11      | Adjustment in Shares Subject to the Plan                                 | 7  |
| 2.12      | Effect of Reorganization, Amalgamation or Merger                         | 7  |
| 2.13      | Take-Over Bids and Changes of Control                                    | 8  |
| 2.14      | Record Keeping                                                           | 9  |
| 2.15      | Option Agreements                                                        | 9  |
| 2.16      | Tax Withholding                                                          | 9  |
| ARTICLE 3 | GENERAL                                                                  | 10 |
| 3.1       | Assignability and Transferability                                        | 10 |
| 3.2       | Employment                                                               | 10 |
| 3.3       | Delegation to Compensation Committee                                     | 10 |
| 3.4       | Administration of the Plan                                               | 10 |
| 3.5       | Amendment, Modification or Termination of the Plan                       | 10 |
| 3.6       | No Representation or Warranty                                            | 11 |
| 3.7       | Governing Law                                                            | 11 |
| 3.8       | Approval and Effective Date                                              | 11 |
| 3.9       | Compliance with Applicable Law                                           | 11 |
| 3.10      | Rights of Participant                                                    | 11 |
| 3.11      | Conflict                                                                 | 11 |
| 3.12      | Time of Essence                                                          | 11 |
| 3.13      | Compliance with U.S. Laws                                                | 11 |
| 3.14      | Entire Agreement                                                         | 12 |

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|   | (a) | “Act” means the Business Corporations Act (British Columbia) or its successor, as amended from time to time. |
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|   | (b) | “Affiliate” shall have the meaning ascribed thereto in the Securities Act. |
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|   | (c) | “Associate” shall have the meaning ascribed thereto in the Securities Act. |
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|   | (d) | “Blackout Period” means a period, formally imposed by the Corporation pursuant to its internal trading policies as a result of the bona fide existence of material undisclosed information, during which Participants are prohibited from exercising options. |
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|   | (e) | “Board of Directors” means the board of directors of the Corporation as constituted from time to time and any committee of the board of directors. |
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|   | (f) | “Change in Control” shall be deemed to have occurred if: |
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|   | (i) | any person, other than the Corporation or an employee benefit plan of the Corporation, acquires directly or indirectly the beneficial ownership (as such term is defined in the Act) of any voting security of the Corporation and immediately after such acquisition such person is, directly or indirectly, the beneficial owner of voting securities representing 50% or more of the total voting power of all of the then outstanding voting securities of the Corporation; |
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|   | (ii) | the shareholders of the Corporation shall approve a merger, consolidation, recapitalization, or reorganization of the Corporation, a reverse stock split of outstanding voting securities, or consummation of any such transaction if shareholder approval is not sought or obtained, other than any such transaction which would result in at least 50% of the total voting rights represented by the voting securities of the surviving entity outstanding immediately after such transaction being beneficially owned by the holders at least 50% of the outstanding voting securities of the Corporation immediately prior to the transaction, with the voting rights of each such continuing holder relative to other such continuing holders not being substantially altered in the transaction; or |
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|   | (iii) | the shareholders of the Corporation shall approve a plan of complete liquidation of the Corporation or an agreement for the sale or disposition by the Corporation of all or a substantial portion of the Corporation’s assets (i.e., 50% or more of the total assets of the Corporation). |
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|   | (g) | “Common Shares” means the common shares of the Corporation as constituted on the date hereof. |
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|   | (h) | “Consultant” means, in relation to an Issuer, an individual or company, other than an employee or a Director of the Issuer, that: |
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|   | (i) | is engaged to provide on a ongoing bona fide basis, consulting, technical, management or other services to the Issuer or to an Affiliate of the Issuer, other than services provided in relation to a Distribution; |
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|   | (ii) | provides the services under a written contract between the Issuer or the Affiliate and the individual or the Consultant Company; |
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|   | (iii) | in the reasonable opinion of the Issuer, spends or will spend a significant amount of time and attention on the affairs and business of the Issuer or an Affiliate of the Issuer; and |
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|   | (iv) | has a relationship with the Issuer or an Affiliate of the Issuer that enables the individual to be knowledgeable about the business and affairs of the Issuer. |
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|   | (i) | “Consultant Company” means a Consultant that is a company. |
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|   | (j) | “Corporation” means Jet Metal Corp.. a corporation incorporated under the Act, and its successors from time to time. |
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|   | (k) | “Designated Affiliate” means the Affiliates of the Corporation designated by the Board of Directors for purposes of the Plan from time to time. |
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|   | (l) | “director” means a director, senior officer or Management Company Employee of the Corporation, or a director, senior officer or Management Company Employee of the Corporation’s subsidiaries. |
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|   | (m) | “Exchange” means the TSX Venture Exchange or such other stock exchange or quotation system as the Common Shares may from time to time be listed or quoted for trading. |
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|   | (n) | “employee” means: |
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|   | (i) | an individual who is considered an employee of the Issuer or its subsidiary under the Income Tax Act (Canada) (i.e. for whom income tax, employment insurance and CPP deductions must be made at source); |
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|   | (ii) | an individual who works full- time for an Issuer or its subsidiary providing services normally provided by an employee and who is subject to the same control and direction by the Issuer over the details and methods of work as an employee of the Issuer, but for whom income tax deductions are not made at source; or |
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|   | (iii) | an individual who works for an Issuer or its subsidiary on a continuing and regular basis for a minimum amount of time per week (the number of hours should be disclosed in the submission) providing services normally provided by an employee and who is subject to the same control and direction by the Issuer over the details and methods of work as an employee of the Issuer, but for whom income tax deductions are not made at source. |
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|   | (o) | “Holding Company” shall have the meaning specified in Section 2.2 hereof. |
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|   | (p) | “Insider” shall have the meaning ascribed thereto in the Securities Act, other than a person who is an Insider solely by virtue of being a director or senior officer of a subsidiary of the Corporation and any Associate of an Insider. |
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|   | (q) | “Issuer Bid” shall have the meaning ascribed thereto in the Securities Act. |
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|   | (r) | “Investor Relations Activities” means any activities, by or on behalf of an Issuer or Shareholder of the Issuer, that promote or reasonably could be expected to promote the purchase or sale of securities of the Issuer, but does not include: |
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|   | (i) | the dissemination of information provided, or records prepared, in the ordinary course of business of the Issuer |
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|   | (A) | to promote the sale of products or services of the Issuer, or |
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|   | (B) | to raise public awareness of the Issuer, that cannot reasonably be considered to promote the purchase or sale of securities of the Issuer; |
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|   | (ii) | activities or communications necessary to comply with the requirements of |
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|   | (A) | applicable securities laws, |
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|   | (B) | Exchange Requirements or the by- laws, rules or other regulatory instruments of any other self regulatory body or exchange having jurisdiction over the Issuer; |
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|   | (iii) | communications by a publisher of, or writer for, a newspaper, magazine or business or financial publication, that is of general and regular paid circulation, distributed only to subscribers to it for value or to purchasers of it, if |
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|   | (A) | the communication is only through the newspaper, magazine or publication, and |
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|   | (B) | the publisher or writer receives no commission or other consideration other than for acting in the capacity of publisher or writer; or |
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|   | (iv) | activities or communications that may be otherwise specified by the Exchange. |
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|   | (s) | “Management Company Employee” means an individual employed by a person providing management services to the Corporation, which are required for the ongoing successful operation of the business enterprise of the Corporation, but excluding a person engaged in Investor Relations Activities; |
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|   | (t) | “Option Agreements” shall have the meaning specified in Section 2.15 hereof. |
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|   | (u) | “Option Period” means the period of time an option may be exercised as specified in Subsection 2.8(a) hereof. |
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|   | (v) | “Participant” means a participant under the Plan. |
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|   | (w) | “Plan” means the share incentive plan provided for herein. |
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|   | (x) | “RRSP” shall have the meaning specified in Section 2.2 hereof. |
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|   | (y) | “Securities Act” means the Securities Act (British Columbia) or its successor, as amended from time to time. |
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|   | (z) | “Share Compensation Arrangement” means a stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of securities of the Corporation to one or more service providers, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise. |
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|   | (aa) | “Take-Over Bid” shall have the meaning ascribed thereto in the Securities Act. |
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|   | (a) | Unless the Corporation obtains shareholder approval (which must be disinterested shareholder approval if required by the policies of the Exchange) the aggregate number of Common Shares issuable pursuant to options granted under the Plan, together with Common Shares issuable under any other Share Compensation Arrangement of the Corporation, shall not at any time exceed 10% of the number of Common Shares outstanding immediately prior to the grant of any such option. |
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|   | (b) | The aggregate number of Common Shares issuable to any one Consultant shall not, within a one year period, exceed 2% of the number of Common Shares outstanding immediately prior to the grant of any such option. |
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|   | (c) | The aggregate number of Common Shares issuable to all individuals and companies retained in Investor Relations Activities shall not, within a one year period, exceed 2% of the number of Common Shares outstanding immediately prior to the grant of any such option. |
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|   | (d) | Unless the Corporation obtains disinterested shareholder approval, the aggregate number of Common Shares issuable to any one individual (and where permitted, any companies that are wholly owned by that individual) shall not, within a one year period, exceed 5% of the number of Common Shares outstanding immediately prior to the grant of any such option. |
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|   | (a) | The period during which options may be exercised shall be determined by the Board of Directors, in its discretion, to a maximum of ten years from the date the option is granted (the “Option Period”), except as the Option Period may be extended with respect to any option that expires within a Blackout Period and except as the Option Period may be reduced with respect to any option as provided in Sections 2.9 and 2.10 hereof respecting termination of employment or death of the Participant or amended from time to time by the Board of Directors, in its discretion, subject to the approval of any stock exchange or regulatory requirements. |
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|   | (b) | In the event that options granted under the Plan expire within a Blackout Period, the expiration date of the Option Period relating to such options shall automatically be extended to such date that is ten (10) business days after the expiry of the applicable Blackout Period. Notwithstanding the foregoing, the automatic extension of any Option Period shall not be permitted where the Participant or the Corporation is subject to a cease trade order (or similar order under securities laws) in respect of the Corporation’s securities. |
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|   | (c) | Subject to any other provision of this Plan, and in particular the vesting provisions set forth in Section 2.6 hereof, an option may be exercised from time to time during the Option Period, subject to vesting limitations by delivery to the Corporation at its registered office of a written notice of exercise addressed to the Secretary of the Corporation specifying the number of Common Shares with respect to which the option is being exercised and accompanied by payment in full of the exercise price therefor. Certificates for such Common Shares shall be issued and delivered to the Participant as soon as practicable following receipt of such notice and payment. |
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|   | (d) | Except as set forth in Sections 2.9 and 2.10 hereof, no option may be exercised unless the Participant is, at the time of such exercise, a director, employee or Consultant of the Corporation or any of its Designated Affiliates and shall have been continuously a director, employee or Consultant since the grant of his or her option. Absence on leave with the approval of the Corporation or a Designated Affiliate shall not be considered an interruption of employment for purposes of the Plan. |
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|   | (e) | The exercise of any option will be contingent upon receipt by the Corporation of cash payment of the full exercise price of the Common Shares, which are the subject of the exercised option. No Participant or his or her legal representatives, legatees or distributees will be, or will be deemed to be, a holder of any Common Shares with respect to which he or she was granted an option under the Plan, unless and until certificates for such Common Shares are issued to him or her under the terms of the Plan. |
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|   | (f) | Notwithstanding any other provision of this Plan or in any option granted to a Participant, the Corporation shall not be obligated to issue or deliver Common Shares to a Participant upon the exercise of any option or take other actions under the Plan until the Corporation shall have determined that applicable federal and state laws, rules, and regulations have been complied with and such approvals of any stock exchange, regulatory or governmental agency have been obtained and contractual obligations to which the grant of the option exercisable for such Common Shares may be subject have been satisfied. In particular, the Corporation, in its discretion, may postpone the issuance or delivery of Common Shares under any option until: |
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|   | (i) | completion of such stock exchange listing or registration or other qualification of such Common Shares or obtaining approval of such regulatory authorities as the Corporation shall determine to be necessary or advisable in connection with the authorization, issuance or sale thereof; and |
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|   | (ii) | the receipt from the Participant of such information, representations, warranties, agreements and undertakings, including as to future dealings in such Common Shares, as the Corporation or its counsel determines to be necessary or advisable in order to ensure compliance with all applicable securities laws. |
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|   | (g) | An option may be exercised at any time after the date the option has been granted, subject to any vesting provisions attaching thereto, up to 5:00 p.m. (Vancouver time) on the last day of the Option Period and shall not be exercisable thereafter. |
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|   | (a) | a director or Consultant of the Corporation or any of its Designated Affiliates (and is not or does not continue to be an employee thereof for any reason other than death); or |
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|   | (b) | an employee of the Corporation or any of its Designated Affiliates (and is not or does not continue to be a director thereof) for any reason (other than death) or shall receive notice from the Corporation or any of its Designated Affiliates of the termination of his or her employment; |
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|   | (a) | by the person or persons to whom the Participant’s rights under the options shall pass by the Participant’s will or the laws of descent and distribution; and |
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|   | (b) | to the extent that he or she was entitled to exercise the options at the date of his or her death, provided that in no event shall such right extend beyond the Option Period. |
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|   | (a) | there is any change in the Common Shares of the Corporation through subdivisions or consolidations of the share capital of the Corporation, or otherwise; |
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|   | (b) | the Corporation declares a dividend on Common Shares payable in Common Shares or securities convertible into or exchangeable for Common Shares; or |
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|   | (c) | the Corporation issues Common Shares, or securities convertible into or exchangeable for Common Shares, in respect of, in lieu of, or in exchange for, existing Common Shares, |
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|   | (a) | Effect of a Take-Over Bid.  If a bona fide offer (an “Offer”) for Common Shares is made to shareholders of the Corporation generally, which Offer, if accepted in whole or in part, would result in the offeror becoming a control person of the Corporation, within the meaning of subsection 1(1) of the Securities Act, the Corporation shall, immediately upon receipt of notice of the Offer, notify each Participant of full particulars of the Offer, whereupon all options will become fully vested and may be exercised in whole or in part by each Participant so as to permit the Participant to tender the Common Shares received upon such exercise, pursuant to the Offer.  However, if: |
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|   | (i) | the Offer is not completed within the time specified therein; or |
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|   | (ii) | all of the Common Shares tendered by the Participant pursuant to the Offer are not taken up or paid for by the offeror in respect thereof, |
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|   | (b) | Acceleration of Expiry Date.  If, at any time when an option granted under the Plan remains unexercised, an Offer is made by an offeror, the Board of Directors may in its sole discretion, upon notifying each Participant of full particulars of the Offer, declare all options granted under the Plan, vested, and declare that the expiry date for the exercise of all unexercised options granted under the Plan is accelerated so that all options will either be exercised or will expire prior to the date upon which Common Shares must be tendered pursuant to the Offer, provided such Offer is completed and, if not completed, the respective Expiry Dates of the options shall revert to the original Expiry Date. |
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|   | (c) | Effect of a Change of Control. Unless otherwise provided for at the time a grant is made pursuant to this Plan and subject to any resolution of the Board of Directors, if there is a Change in Control, all options outstanding under the Plan shall vest immediately prior to such Change of Control to become immediately exercisable, whereupon such options may be exercised in whole or in part by any such Participant. |
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|   | (d) | Compulsory Acquisition or Going Private Transaction.  If and whenever, following a take-over bid or an issuer bid, there shall be a compulsory acquisition of the Corporation's Common Shares pursuant to Division 6 of Part 9 of the Act or any successor or similar legislation, or any amalgamation, merger or arrangement in which securities acquired in a formal take-over bid may be voted under the conditions described in section 8.2 of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, then following the date upon which such compulsory acquisition, amalgamation, merger or arrangement is effective, a Participant shall be entitled to receive, and shall accept, for the same exercise price, in lieu of the number of Common Shares to which such Participant was theretofore entitled to purchase, the aggregate amount of cash, shares, or other securities or other property which such Participant would have been entitled to receive as a result of such bid if he or she had tendered such number of Common Shares to the bid, net of withholding taxes as contemplated by this Plan. |
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|   | (a) | the name and address of each Participant in the Plan; and |
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|   | (b) | the number of options granted to a Participant and the aggregate number of options outstanding, the exercise price and the expiry date thereof. |
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|   | (a) | subject to and in accordance with the provisions of Section 2.4 hereof, the number of options covered by any grant of options and the number of Common Shares which such options shall entitle the Participant the right to purchase; |
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|   | (b) | subject to and in accordance with the provisions of Section 2.5, the price of the Common Shares covered by any option, stated and payable in Canadian dollars; and |
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|   | (c) | subject to and in accordance with the provisions of Section 2.8, the Option Period. |
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3.3

|   | (a) | increase the benefits under the Plan; |
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|   | (b) | increase the number of Common Shares which may be issued under the Plan; |
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|   | (c) | modify the requirements as to the eligibility for participation in the Plan; |
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|   | (d) | modify the limitations on the number of options that may be granted to any one person or category of persons under the Plan; |
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|   | (e) | modify the method for determining the exercise price of options granted under the Plan; |
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|   | (f) | increase the maximum Option Period; or |
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|   | (g) | modify the expiry and termination provisions applicable to options granted under the Plan |
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| 1. | Option Plan Governs.  The Optionee acknowledges and agrees that Option (as hereafter defined) is being granted pursuant to the terms of the Issuer's Stock Option Plan in effect from time to time.  In the event of an inconsistency between the terms hereof and the terms of the Issuer's Stock Option Plan, the terms of the Issuer's Stock Option Plan shall govern. Capitalized terms used in this Agreement but not defined herein have the meaning given to such terms in the Issuer’s Stock Option Plan. |
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| 2. | Option Terms.  The Issuer hereby grants to the Optionee an option (the "Option") to purchase, from time to time, a total of u common shares (the "Shares") in the capital of the Issuer, as constituted on the date hereof, at an exercise price of $u per common share, until 5:00 p.m. Vancouver Time (the "Expiry Time") on u (the "Expiry Date"). |
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| 3. | Vesting.  The Options shall vest and accordingly become exercisable by the Optionee every u months, in 4 equal instalments, over a period of u months, with one-fourth of the Option vesting on the day which is u months after the effective date of this Option Agreement, and each additional one-fourth of the Option vesting every u months thereafter. |
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| 4. | Transferability; Hold Period.  The Option is personal to the Optionee and may not be assigned or otherwise transferred in whole or in part except as set out in the Stock Option Plan.  The Optionee acknowledges and agrees that the Shares may be subject to a hold period imposed under applicable securities laws or by the Exchange of four months and a day from the effective date of the grant of the Option, and that certificates representing the Shares will bear a legend to this effect if applicable. |
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| 5. | Early Termination.  The Option shall terminate in accordance with the terms of the Stock Option Plan. |
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| 6. | Exercise Procedure.  To exercise the Option in whole or in part, the Optionee shall, prior to the Expiry Time on the Expiry Date (and subject to section 5), give to the Issuer: |
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|   | (a) | a written notice of exercise addressed to the Corporate Secretary of the Issuer, in the form set out in Schedule “A” hereto, specifying the number of Shares with respect to which the Option is being exercised and making the election with respect to the Withholding Obligations; |
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|   | (b) | a certified cheque or bank draft made payable to the Issuer for the aggregate exercise price for the number of Shares with respect to which the Option is being exercised, and the Withholding Obligations (if applicable); |
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|   | (c) | documents containing such representations, warranties, agreements and undertakings, including such as to the Optionee's future dealings in the Shares, as counsel to the Issuer reasonably determines to be necessary or advisable in order to comply with or safeguard against the violation of the laws of any jurisdiction. |
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| 7. | Exchange Matters.  The Optionee and the Issuer represent and warrant to each other that the Optionee: |
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|   | (a) | is a director or senior officer of the Issuer; |
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|   | (b) | is a bona fide Management Company Employee of the Issuer, which is defined as being an individual employed by a person providing management services to the Issuer which are required for the ongoing successful operation of the business enterprise of the Issuer, but excluding a person engaged in Investor Relations Activities; OR |
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|   | (c) | is a bona fide Employee of the Issuer, which is defined as being: |
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|   | (i) | an individual who is considered an employee of the Issuer or its subsidiaries under the Income Tax Act (Canada) (i.e. for whom income tax, employment insurance and CPP deductions must be made at source); or |
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|   | (ii) | an individual who works full-time for the Issuer or its subsidiaries providing services normally provided by an employee and who is subject to the same control and direction by the Issuer over the details and methods of work as an employee of the Issuer, but for whom income tax deductions are not made at source; or |
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|   | (iii) | an individual who works for the Issuer or its subsidiaries on a continuing and regular basis for a minimum of   hours per week providing services normally provided by an employee and who is subject to the same control and direction by the Issuer over the details and methods of work as an employee of the Issuer, but for whom income tax deductions are not made at source; OR |
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|   | (d) | is a bona fide Consultant of the Issuer, which is defined as being, in relation to the Issuer, an individual or Consultant Company that: |
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|   | (i) | is engaged to provide on an ongoing bona fide basis, consulting, technical, management or other services to the Issuer or an affiliate thereof, other than services provided in relation to a distribution of securities; |
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|   | (ii) | provides the services under a written contract between the Issuer or an affiliate thereof and the individual Consultant or Consultant Company; |
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|   | (iii) | spends or will spend a significant amount of time and attention on the business and affairs of the Issuer or an affiliate thereof; and |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | has a relationship with the Issuer or an affiliate thereof that enables the individual to be knowledgeable about the business and affairs of the Issuer. |
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| 8. | Securities Act Matters.  The Optionee represents and warrants to the Issuer that the Optionee [tick appropriate box]: |
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|   o | (a) | is a director of the Issuer or a related entity thereof; |
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|   o | (b) | is an executive officer of the Issuer or a related party thereof, which is defined as being, for the Issuer or a related entity thereof, an individual who: |
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|   | (i) | is a chair, vice-chair or president; |
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|   | (ii) | is a vice-president in charge of a principal business unit, division or function including sales, finance or production; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | is an officer of the Issuer or any of its subsidiaries and who performs a policy-making function in respect of the Issuer; or |
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|   | (iv) | is performing a policy making function in respect of the Issuer; OR |
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|   o | (c) | an employee of the Issuer or a related entity thereof; OR |
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|   o | (d) | a consultant of the Issuer or a related party thereof, which is defined as being, for the Issuer or a related party thereof, a person, other than a director, executive officer or employee of the Issuer or a related entity thereof, that: |
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|   | (i) | is engaged to provide services to the Issuer or a related entity thereof, other than services provided in relation to a distribution of securities; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | provides the services under a written contract with the Issuer or  a related entity thereof; and |
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|   | (iii) | spends or will spend a significant amount of time and attention on the business and affairs of the Issuer or a related party thereof, |
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|   | (iv) | for an individual consultant, a corporation of which the individual consultant is an employee or shareholder, and a partnership of which the individual consultant is an employee or partner, and |
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|   | (v) | for a consultant that is not an individual, an employee, executive officer, or director of the consultant, provided that the individual employee, executive officer, or director spends or will spend a significant amount of time and attention on the affairs and business of the issuer or a related entity of the Issuer; OR |
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|   o | (e) | the Optionee is otherwise qualified (other than pursuant to section 2.24 of NI45-106) or the circumstances are such that the distribution of the Option by the Issuer to the Optionee is exempt from the prospectus and registration requirements of applicable securities laws, and the Optionee further agrees to provide to the Issuer all such certificates, instruments and other documents to evidence such exemption as counsel to the Issuer reasonably determines to be necessary or advisable in order to ensure compliance with or safeguard against the violation of the securities laws of any jurisdiction. |
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| 9. | If not an Individual.  If the Optionee is not an individual, it is either (i) a Consultant Company or (ii) a company or other form of entity wholly owned by Eligible Persons; and the Optionee hereby agrees to complete and submit to the Issuer for filing with the Exchange a Form 4F: Certification and Undertaking Required from a Company Granted an Incentive Stock Option, and further represents and warrants to the Issuer that the information and certifications in such Form 4F are complete and true and accurate in all respects, and further covenants to the Issuer that it will comply with all covenants, conditions and undertakings is such Form 4F in all respects. |
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| 10. | Exchange Approval.  The grant of the Option and any amendment hereto shall be subject to the prior approval of the Exchange, including any requirement for shareholder approval.  The Optionee acknowledges and agrees that the Option shall not be exercisable, or exercisable on such amended terms, as the case may be, until such approval of the Exchange and, if required, the Issuer's shareholders, is obtained in accordance with the policies of the Exchange.  If such approval of the Exchange and, if required, the Issuer's shareholders, is not obtained, then the Option and this Agreement, or the amendment hereof, as the case may be, shall be null and void and of no further force or effect as of the date hereof, or the date of amendment, as the case may be. |
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| 11. | Capital Adjustments. In the event that there is any change in the common shares of the Issuer through the declaration of stock dividends, stock splits, consolidations, exchanges of shares, or otherwise, the number of common shares subject to Option and the exercise price of the Option shall be adjusted in accordance with the terms of the Stock Option Plan. |
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| 12. | Collection and Use of Personal Information.  The Optionee expressly acknowledges, consents and agrees to the Issuer collecting, using and releasing personal information regarding the Optionee and this Agreement for the purpose of completing the transactions contemplated by this Agreement, including but not limited to the Optionee's name, address and principals, the number of Options granted to the Optionee, the status of the Optionee as a Director, senior officer, Management Company Employee, Employee, Consultant, Investor Relations Provider or as otherwise represented herein, and any and all other information necessary or incidental to the transactions contemplated herein, including but not limited to that provided in any Form 4F.  The purpose of the collection, use and disclosure of the personal information is to ensure that the Issuer and its advisors will be able to grant the Option to the Optionee in compliance with applicable corporate, securities and other laws, and to obtain the information required to be filed with the Exchange and other authorities under applicable Exchange requirements, securities laws and other laws.  In addition, the Optionee expressly acknowledges, consents and agrees to the collection, use and disclosure of all such personal information by the Exchange and other authorities in accordance with their requirements, including the provision of all such personal information to their agents and third party service providers, from time to time.  The contact information for the officer of the Issuer who can answer questions about this collection of information by the Issuer is as follows: |
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| 13. | General. |
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|   | (a) | The Optionee agrees to comply with the provisions of applicable Exchange requirements and securities laws in connection with the exercise, holding and disposition of any Shares or other property or securities acquired pursuant to the exercise of the Option. |
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|   | (b) | This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof.  The parties shall execute and deliver any and all such instruments and other documents and perform any and all such acts and other things as may be necessary or desirable to carry out the intent of this Agreement. |
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|   | (c) | No modification of this Agreement or waiver of any provision hereof shall be valid unless made in writing and signed by the parties hereto.  No waiver of any provision of this Agreement shall operate as a waiver of any other provision hereof or operate as a continuing waiver unless such is expressly provided for in writing. |
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|   | (d) | This Agreement shall enure to the benefit of and be binding upon the parties hereto and upon their successors or assigns. |
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|   | (e) | This Agreement shall be construed in accordance with and governed by the laws of British Columbia and the laws of Canada applicable therein, and for the purposes of all legal proceedings, the parties hereby irrevocably agree that the courts of British Columbia shall have exclusive jurisdiction. |
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|   | (f) | Words importing the singular number shall include the plural and vice versa.  Words importing individuals shall include corporations, partnerships, proprietorships, trusts and other forms of legal entities and vice versa.  Words importing gender shall include the other gender; words importing gender shall include the neuter and vice versa.  Words importing a particular form of legal entity includes all other forms of legal entities interchangeably. |
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|   | (g) | This Agreement may be executed and delivered in two or more counterparts and by facsimile.  Each such counterpart and facsimile shall be deemed to form one and the same and an originally executed instrument, bearing the date set forth on the face page hereof notwithstanding the date of execution or delivery. |
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| WITNESSED BY: ___________________________________________________Name ___________________________________________________Address ___________________________________________________Occupation | )))))))))) |       ________________________________________________________u |
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