EXHIBIT 10.4

                    2007 GREATER ASIA REALTY HOLDINGS, LTD.

                               STOCK OPTION PLAN

1.     PURPOSE

       This 2007 Greater Asia Realty  Holdings,  Ltd.  Stock  Option Plan ("the
Plan")  is  intended to promote the interests of the Corporation  by  providing
eligible individuals  who  are  responsible  for  the  management,  growth  and
financial  success of the Corporation or who otherwise render valuable services
to the Corporation  with  the opportunity to acquire a proprietary interest, or
increase their proprietary  interest,  in the Corporation and thereby encourage
them to remain in the service of the Corporation.

       Capitalized terms used herein shall  have  the meanings ascribed to such
terms in Paragraph 5.

2.     ADMINISTRATION OF THE PLAN

       (a) The Plan shall be administered by the Board. The Board, however, may
at any time appoint a committee ("Committee") of two  (2) or more Board members
and  delegate  to  such  Committee  one  or  more of the administrative  powers
allocated to the Board pursuant to the provisions  of  the Plan. Members of the
Committee shall serve for such period of time as the Board  may  determine  and
shall be subject to removal by the Board at any time. The Board may also at any
time  terminate  the  functions  of  the  Committee and reassume all powers and
authority previously delegated to the Committee.

       (b) The Plan Administrator (either the  Board  or  the Committee, to the
extent the Committee is at the time responsible for the administration  of  the
Plan)  shall  have  full  power and authority (subject to the provisions of the
Plan) to establish such rules  and  regulations  as it may deem appropriate for
the proper plan administration and to make such determinations under, and issue
such interpretations of, the Plan and any outstanding  option  grants  or share
issuances  as  it  may  deem  necessary  or  advisable.  Decisions  of the Plan
Administrator shall be final and binding on all parties who have an interest in
the Plan or any outstanding option or share issuance.

3.     ELIGIBILITY

       (a) The persons eligible to receive option grants pursuant to  the  Plan
(each an "Optionee") are limited to the following:

       (1)  key employees (including officers and directors) of the Corporation
(or its parent  or  subsidiary  corporations, if any) who render services which
contribute to the success and growth  of  the  Corporation  (or  any  parent or
subsidiary  corporations)  or which may reasonably be anticipated to contribute
to  the  future  success and growth  of  the  Corporation  (or  any  parent  or
subsidiary corporations);

       (2) the non-employee members of the Board or the non-employee members of
the board of directors of any parent or subsidiary corporations; and

       (3) those consultants  or  independent  contractors who provide valuable
services to the Corporation (or any parent or subsidiary corporations).

       (b) The Plan Administrator shall have full  authority to determine, with
respect  to the option grants made under the Plan, which  eligible  individuals
are to receive  option  grants, the number of shares to be covered by each such
grant, the status of the granted option as either an Incentive Option or a Non-
Statutory Option, the time  or  times at which each granted option is to become
exercisable and the maximum term for which the option may remain outstanding.

4.     STOCK SUBJECT TO THE PLAN

       (a)  The  stock  issuable  under   the  Plan  shall  be  shares  of  the
Corporation's authorized but unissued or reacquired  Common  Stock, $0.0001 par
value (the "Common Stock"). The maximum number of shares which  may  be  issued
over  the  term of the Plan shall not exceed One Million (1,000,000) shares  of
Common Stock.  The  total  number  of  shares  issuable under the Plan shall be
subject to adjustment from time to time in accordance  with  the  provisions of
Section 4(c).

       (b) Shares subject to (i) the portion of one or more outstanding options
which  are not exercised or surrendered prior to expiration or termination  and
(ii) outstanding  options  canceled in accordance with the cancellation-regrant
provisions of Section 9 will be available for subsequent option grants or stock
issuances under the Plan.

       (c) In the event any  change  is made to the Common Stock issuable under
the Plan by reason of any stock dividend,  stock  split, combination of shares,
exchange of shares or other change affecting the outstanding  Common Stock as a
class without receipt of consideration, then appropriate adjustments  shall  be
made to (i) the aggregate number and/or class of shares issuable under the Plan
and  (ii)  the aggregate number and/or class of shares and the option price per
share in effect  under each outstanding option in order to prevent the dilution
or enlargement of  benefits  thereunder. The adjustments determined by the Plan
Administrator shall be final, binding and conclusive.

       (d)  Common Stock issuable  under  the  Plan  may  be  subject  to  such
restrictions  on  transfer,  repurchase  rights or other restrictions as may be
determined by the Plan Administrator.

5.     DEFINITIONS

       The  following definitions shall apply  to  the  respective  capitalized
terms used herein:

       BOARD means the Board of Directors of Greater Asia Realty Holdings, Ltd.

       CODE means the Internal Revenue Code of 1986, as amended.

       CORPORATION means Greater Asia Realty Holdings, Ltd. and its successors.

       CORPORATE TRANSACTION means one or more of the following transactions:

       (a) a  merger  or  consolidation  in  which  the  Corporation is not the
surviving entity, except for a transaction the principal purpose of which is to
change the state of the Corporation's incorporation, (b) the  sale, transfer or
other disposition of all or substantially all of the assets of the Corporation,
or (c) any reverse merger in which the Corporation is the surviving  entity but
in  which  fifty percent (50%) or more of the Corporation's outstanding  voting
stock is transferred  to  holders  different  from  those  who  held  the stock
immediately prior to such merger.

       EMPLOYEE means an individual who is in the employ of the Corporation  or
one  or  more  Parent or Subsidiary corporations (if any). An optionee shall be
considered to be  an  Employee  for  so  long as such individual remains in the
employ  of the Corporation or one or more Parent  or  Subsidiary  corporations,
subject to the control and direction of the employer entity as to both the work
to be performed and the manner and method of performance.

       EXERCISE  DATE shall be the date on which written notice of the exercise
of an outstanding  option  under the Plan is delivered to the Corporation. Such
notice shall be in the form of a stock purchase agreement.

       FAIR MARKET VALUE of  a share of Common Stock on any relevant date shall
be determined in accordance with the following provisions:

       (a) If the Common Stock  is at the time listed or admitted to trading on
any stock exchange, then the Fair  Market  Value  shall  be the closing selling
price per share of Common Stock on the date in question on  the  stock exchange
determined  by the Plan Administrator to be the primary market for  the  Common
Stock, as such price is officially quoted in the composite tape of transactions
on such exchange. If there is no reported sale of Common Stock on such exchange
on the date in  question,  then  the  Fair  Market  Value  shall be the closing
selling  price  on  the  exchange  on  the last preceding date for  which  such
quotation exists.

       (b) If the Common Stock is not at the time listed or admitted to trading
on any stock exchange but is traded in the  over-the-counter  market,  the Fair
Market  Value  shall  be  the mean between the highest bid and the lowest asked
prices (or, if such information  is  available,  the closing selling price) per
share of Common Stock on the date in question in the  over-the-counter  market,
as  such  prices are reported by the National Association of Securities Dealers
through its NASDAQ National Market System or any successor system. If there are
no reported  bid  and  asked  prices  (or closing selling price) for the Common
Stock on the date in question, then the mean between the highest bid and lowest
asked prices (or closing selling price)  on  the  last preceding date for which
such quotations exist shall be determinative of Fair Market Value.

       (c) If the Common Stock is at the time neither  listed  nor  admitted to
trading on any stock exchange nor traded in the over-the-counter market,  or if
the   Plan   Administrator   determines   that   the  valuation  provisions  of
subparagraphs  (a)  and  (b)  above  will not result in  a  true  and  accurate
valuation of the Common Stock, then the  Fair  Market Value shall be determined
by the Plan Administrator after taking into account  such  factors  as the Plan
Administrator shall deem appropriate under the circumstances.

       INCENTIVE  OPTION  means  an Incentive Stock Option which satisfies  the
requirements of Section 422 of the Code.

       NON-STATUTORY OPTION means  an option not intended to meet the statutory
requirements prescribed under the Code for an Incentive Option.

       PARENT corporation means any corporation (other than the Corporation) in
an unbroken chain of corporations ending  with  the  Corporation, provided each
such corporation in the unbroken chain (other than the  Corporation)  owns,  at
the  time of the determination, stock possessing fifty percent (50%) or more of
the total  combined  voting  power  of all classes of stock in one of the other
corporations in such chain.

       PERMANENT DISABILITY means the  inability  of an individual to engage in
any  substantial  gainful  activity  by  reason  of any medically  determinable
physical or mental impairment which can be expected to result in death or which
has lasted or can be expected to last for a continuous  period of not less than
12 months.

       PLAN  means this 2007 Greater Asia Realty Holdings,  Ltd.  Stock  Option
Plan.

       PLAN ADMINISTRATOR  means  the Board or the Committee, to the extent the
Committee is responsible for plan administration in accordance with Section 2.

       SERVICE means the performance  of services for the Corporation or one or
more Parent or Subsidiary corporations  by  an individual in the capacity of an
Employee, a non-employee member of the board  of  directors  or  an independent
consultant  or advisor, unless a different meaning is specified in  the  option
agreement evidencing  the option grant or the purchase agreement evidencing the
purchased option shares.  An  Optionee shall be deemed to remain in Service for
so long as such individual renders services to the Corporation or any Parent or
Subsidiary corporation on a periodic  basis  in  the capacity of an Employee, a
non-employee  member  the  board of directors or an independent  consultant  or
advisor.

       SUBSIDIARY  corporation   means   each   corporation   (other  than  the
Corporation)   in  an  unbroken  chain  of  corporations  beginning  with   the
Corporation, provided  each  such corporation (other than the last corporation)
in the unbroken chain owns, at  the time of the determination, stock possessing
fifty percent (50%) or more of the  total  combined voting power of all classes
of stock in one of the other corporations in such chain.

       TEN PERCENT SHAREHOLDER means the owner  of  stock  (as determined under
Section  424(d)  of  the  Code)  possessing  ten percent or more of  the  total
combined voting power of all classes of stock  of the Corporation or any Parent
or Subsidiary corporation.

6.     TERMS AND CONDITIONS OF OPTIONS

       Options granted pursuant to the Plan shall  be  authorized  by action of
the Plan Administrator and may, at the discretion of the Plan Administrator, be
either Incentive Options or Non-Statutory Options. Each granted option shall be
evidenced  by  one  or  more  instruments  in  the  form  approved  by the Plan
Administrator;  PROVIDED, HOWEVER, that each such instrument shall comply  with
and incorporate the  terms  and  conditions  specified below. In addition, each
instrument evidencing an Incentive Option shall  be  subject  to the applicable
provisions of Section 7.

(a) OPTION PRICE

       (1) The option price per share shall be fixed by the Plan Administrator.

       (2) The option price shall become immediately due upon exercise  of  the
option,  and  subject to the provisions of Section 11, shall be payable in cash
or check drawn to the Corporation's order. Should the Corporation's outstanding
Common Stock be  registered  under Section 12(g) of the Securities Exchange Act
of 1934, as amended (the "1934  Act") at the time the option is exercised, then
the option price may also be paid as follows:

       (A) in shares of Common Stock  held  by  the  optionee for the requisite
period necessary to avoid a charge to the Corporation's  earnings for financial
reporting purposes and valued at Fair Market Value on the Exercise Date; or

       (B) through a special  sale and  remittance procedure  pursuant to which
the Optionee (i) is to provide irrevocable written instructions to a designated
brokerage firm to effect the immediate sale of the purchased shares  and  remit
to the Corporation, out of the sale proceeds, an amount sufficient to cover the
aggregate  option  price  payable  for the purchased shares plus all applicable
Federal and State income and employment  taxes  required  to be withheld by the
Corporation by reason of such purchase and (ii) concurrently  provides  written
directives  to  the  Corporation  to deliver the certificates for the purchased
shares directly to such brokerage firm in order to effect the sale transaction.

       (b) TERM AND EXERCISE OF OPTIONS

       Each option granted under the  Plan shall be exercisable at such time or
times, during such period, and for such number of shares as shall be determined
by  the  Plan  Administrator  and  set forth  in  the  stock  option  agreement
evidencing such option. However, no  option granted under the Plan shall have a
term in excess of ten (10) years from the grant date.

       (c) TERMINATION OF SERVICE

       (1) The Plan Administrator shall  have  complete discretion to limit the
period of time that an option granted under the  Plan  may  be exercised should
the  Optionee  cease  to remain in Service for any reason (including  death  or
Permanent  Disability).  In  no  event,  however,  shall  any  such  option  be
exercisable after the specified expiration date of the option term. During such
limited period of exercisability, the option may not be exercised for more than
that number of shares (if any) for which such option is exercisable on the date
of the Optionee's  cessation  of Service. Upon the expiration of such period or
(if earlier) upon the expiration of the option term, the option shall terminate
and cease to be exercisable.

       (2) Notwithstanding subsection  (1)  above, the Plan Administrator shall
have complete discretion, exercisable either  at the time the option is granted
or at the time the Optionee ceases Service, to  allow  one  or more outstanding
options   held  by  the  Optionee  to  be  exercised,  during  the  period   of
exercisability  following  the  Optionee's  cessation of Service, not only with
respect to the number of shares for which the option is exercisable.

       (3) Notwithstanding any provision of this  Plan  to  the  contrary,  any
options  granted  under  this  Plan shall terminate as of the date the Optionee
ceases to be in the Service of the  Corporation  if the Optionee was terminated
for "cause" or could have been terminated for "cause."  If  the Optionee has an
employment  or  a consulting agreement with the Corporation, the  term  "cause"
shall  have the meaning  given  that  term  in  the  employment  or  consulting
agreement.  If the Optionee does not have an employment or consulting agreement
with the Corporation,  or  if  such employment or consulting agreement does not
define  the  term "cause," the term  "cause"  shall  mean:  (A)  misconduct  or
dishonesty that materially adversely affects the Corporation, including without
limitation (i)  an  act  materially in conflict with the financial interests of
the Corporation, (ii) an act  that  could  damage  the  reputation  or customer
relations  of  the Corporation, (iii) an act that could subject the Corporation
to liability, (iv)  an act constituting sexual harassment or other violation of
the civil rights of coworkers,  (v)  failure  to obey any lawful instruction of
the Board or any officer of the Corporation and (vi) failure to comply with, or
perform any duty required under, the terms of any  confidentiality,  inventions
or non-competition agreement the Optionee may have with the Corporation, or (B)
acts  constituting  the unauthorized disclosure of any of the trade secrets  or
confidential information  of  the  Corporation,  unfair  competition  with  the
Corporation  or the inducement of any customer of the Corporation to breach any
contract with  the  Corporation.  The  right  to  exercise  any option shall be
suspended automatically during the pendency of any investigation  by the Board,
or its designee, and/or any negotiations by the Board, or its designee, and the
Optionee,  regarding  any actual or alleged act or omission by the Optionee  of
the type described in this paragraph.

       (d) SHAREHOLDER  RIGHTS.  An Optionee shall have none of the rights of a
shareholder  with  respect to any shares  covered  by  the  option  until  such
Optionee shall have exercised the option and paid the option price.

       (e)  TRANSFERABILITY.   Unless  otherwise  specified  in  the  Agreement
relating to an option, options granted  hereunder  may  be  transferable (i) by
will  or  the  laws  of descent and distribution, (ii) pursuant to  beneficiary
designation procedures  approved  by  the Company, (iii) pursuant to a domestic
relations order, (iv) to one or more family  members  of the optionee, (v) to a
trust or trusts for the exclusive benefit of the optionee  and/or  one  or more
family  members  of  the  optionee, (vi) to a partnership in which the optionee
and/or one or more family members  of the optionee are the only partners, (vii)
to a limited liability company in which  the optionee and/or one or more family
members of the optionee are the only members,  or  (viii) to such other persons
or  entities  as may be specified in the agreement relating  to  an  option  or
approved in writing  by  the  Committee  prior  to such transfer. Except to the
extent permitted by the preceding sentence, each option may be exercised during
the  optionee's  lifetime  only  by  the  optionee  or  the   optionee's  legal
representative  or similar person. Except as permitted by the second  preceding
sentence, (i) no option granted hereunder shall be sold, transferred, assigned,
pledged,  hypothecated,   encumbered  or  otherwise  disposed  of  (whether  by
operation of law or otherwise)  or  be  subject  to  execution,  attachment  or
similar process and (ii) upon any attempt to so sell, transfer, assign, pledge,
hypothecate,  encumber  or  otherwise  dispose of any option granted hereunder,
such option and all rights thereunder shall immediately become null and void.

7.     INCENTIVE OPTIONS

       The terms and conditions specified  below  shall  be  applicable  to all
Incentive Options granted under the Plan. Incentive Options may only be granted
to individuals who are Employees. Options which are specifically designated  as
Non-Statutory  Options  when issued under the Plan shall NOT be subject to such
terms and conditions.

       (a) OPTION PRICE. The option price per share of the Common Stock subject
to an Incentive Option shall  in  no  event  be  less  than one hundred percent
(100%) of the Fair Market Value of a share of Common Stock  on  the grant date;
provided, if the individual to whom the option is granted is at the  time a Ten
Percent Shareholder, then the option price per share shall not be less than one
hundred ten percent (110%) of the Fair Market Value of the Common Stock  on the
grant date.

       (b) DOLLAR LIMITATION. The aggregate Fair Market Value (determined as of
the  respective  date  or  dates of grant) of the Common Stock for which one or
more options granted to any  Employee under this Plan (or any other option plan
of the Corporation or any Parent  or  Subsidiary corporation) may for the first
time become exercisable as Incentive Stock  Options  under the Federal tax laws
during any one calendar year shall not exceed the sum  of  one hundred thousand
dollars ($100,000). To the extent the Employee holds two or  more  such options
which  become  exercisable  for  the first time in the same calendar year,  the
foregoing limitation on the exercisability  thereof  as Incentive Options under
the Federal tax laws shall be applied on the basis of  the  order in which such
options are granted.

       (c) OPTION TERM FOR TEN PERCENT SHAREHOLDER. No option  granted to a Ten
Percent  Shareholder  shall  have a term in excess of five (5) years  from  the
grant date.

       (d) ACCELERATED TERMINATION  OF  OPTION  TERM.  The  option  term  shall
terminate  prior  to  the expiration date established by the Plan Administrator
should any of the following provisions become applicable:

       (1) Except as otherwise  provided  in  subparagraph  (2)  or  (3) below,
should  an  Optionee  cease  to  remain  in  Service  while  his/her  option is
outstanding, then the period for exercising his/her option shall be reduced  to
a three (3) month period commencing with the date of such cessation of Service,
but  in  no  event  shall  such  option  be  exercisable  at any time after the
expiration  date.  Upon the expiration of such three (3) month  period  or  (if
earlier) upon the expiration  date,  the option shall terminate and cease to be
outstanding.

       (2) Should the Optionee die while his/her option is outstanding, his/her
option shall cease to be exercisable, upon the EARLIER of (a) the expiration of
the twelve (12) month period measured  from the date of Optionee's death or (b)
the expiration date of the option. Upon  the  expiration  of  such  twelve (12)
month  period  or  (if  earlier)  upon  the  expiration  date, the option shall
terminate and cease to be outstanding.

       (3) Should the Optionee become Permanently Disabled  and cease by reason
thereof  to  remain  in Service while his/her option is outstanding,  then  the
Optionee shall have a period of twelve (12) months (commencing with the date of
such cessation of Service)  during  which to exercise his/her option, but in no
event shall this option be exercisable at any time after the expiration date of
the option. Upon the expiration of such limited period of exercisability or (if
earlier) upon the expiration date, his/her  option shall terminate and cease to
be outstanding.

       (4)  During  the  limited  period  of  exercisability  applicable  under
subparagraphs (1), (2), or (3) above, the Optionee's  option  may  be exercised
for  any  or  all  of  the option shares in which the Optionee, at the time  of
cessation  of Services, is  vested  in  accordance  with  the  exercise/vesting
provisions specified in his/her stock option documents.

       (e) TRANSFERABILITY.  An  Incentive  Option  shall  not  be transferable
otherwise  than  by  will  or the laws of descent and distribution and  may  be
exercisable  during the Optionee's  lifetime  only  by  such  Optionee  or  the
Optionee's legal representative or similar person.

       Except  as  modified  by the preceding provisions of this Section 7, all
the provisions of the Plan shall be applicable to the Incentive Options granted
hereunder.

8.     CORPORATE TRANSACTION

       (a) In the event of any  Corporate  Transaction, each option outstanding
under  the  Plan  shall  terminate  upon  the consummation  of  such  Corporate
Transaction  and  cease  to be exercisable, unless  assumed  by  the  successor
corporation or parent thereof.

       (b)  In  connection  with  any  such  Corporate  Transaction,  the  Plan
Administrator  may,  at  its  sole  discretion,  (i)  accelerate  each  or  any
outstanding option under the Plan  so  that  each  or  any  such  option shall,
immediately   prior   to  the  specified  effective  date  for  such  Corporate
Transaction, become fully  exercisable  with  respect  to  the  total number of
shares of Common Stock at the time subject to such option and may  be exercised
for all or any portion of such shares, (ii) arrange for each or any outstanding
option  to either to be assumed by the successor corporation or parent  thereof
or to be  replaced  with  a comparable option to purchase shares of the capital
stock of the successor corporation  or  parent  thereof,  (iii) arrange for the
option to be replaced by a comparable cash incentive program  of  the successor
corporation  based  on  the option spread (the amount by which the Fair  Market
Value of the shares of Common  Stock  at the time subject to the option exceeds
the option price payable for such shares)  or  (iv)  take  none  of the actions
described in clauses (i), (ii) or (iii) above and allow the option to terminate
as  provided  in  Section 2(a) above. The determination of comparability  under
clauses (ii) and (iii)  above shall be made by the Plan Administrator, and such
determination shall be final and conclusive.

       (c) The exercisability  as Incentive Stock Options under the Federal tax
laws of any options accelerated  in  connection  with the Corporate Transaction
shall remain subject to the applicable dollar limitation of subsection 7(b).

       (d)  If  the  outstanding  options under the Plan  are  assumed  by  the
successor corporation (or parent thereof)  in  the Corporate Transaction or are
otherwise to continue in effect following such Corporate Transaction, then each
such  assumed  or  continuing option shall, immediately  after  such  Corporate
Transaction, be appropriately  adjusted  to apply and pertain to the number and
class of securities or other property that  would  have  been  issuable  to the
option  holder,  in  consummation  of the Corporate Transaction, had the option
been exercised immediately prior to such Corporate Transaction.

       (e) The grant of options under  this  Plan  shall  in  no way affect the
right of the Corporation to adjust, reclassify, reorganize or otherwise  change
its capital or business structure or to merge, consolidate, dissolve, liquidate
or sell or transfer all or any part of its business or assets.

9.     CANCELLATION AND NEW GRANT OF OPTIONS

       The  Plan  Administrator shall have the authority to effect, at any time
and  from time to time,  with  the  consent  of  the  affected  Optionees,  the
cancellation  of  any or all outstanding options under the Plan and to grant in
substitution therefore  new  options  under  the  Plan  covering  the  same  or
different  numbers  of  shares  of  Common  Stock but having, in the case of an
Incentive Option, an option price per share not  less  than one hundred percent
(100%) of such Fair Market Value per share of Common Stock  on  the  new  grant
date,  or,  in the case of a Ten Percent Shareholder, not less than one hundred
and ten percent (110%) of such Fair Market Value.

10.    EXTENSION OF EXERCISE PERIOD

       The Plan  Administrator  shall  have  full power and authority to extend
(either at the time when the option is granted  or at any time while the option
remains  outstanding) the period of time for which  the  option  is  to  remain
exercisable  following  the  Optionee's  cessation of Service, from the limited
period set forth in the option agreement, to such greater period of time as the
Plan Administrator may deem appropriate under  the  circumstances. In no event,
however, shall such option be exercisable after the specified  expiration  date
of the option term.

11.    LOANS

       (a)  The  Plan  Administrator  may  assist  any  Optionee  (including an
Optionee  who is an officer or director of the Corporation) in the exercise  of
one or more  options  granted  to  such  Optionee under the Plan, including the
satisfaction of any Federal and State income  and  employment  tax  obligations
arising therefrom, by:

       (1)  authorizing  the  extension of a loan from the Corporation to  such
Optionee, or

       (2) permitting the Optionee  to  pay  the option price for the purchased
Common Stock in installments over a period of years.

       (b) The terms of any loan or installment  method  of  payment (including
the  interest  rate and terms of repayment) shall be established  by  the  Plan
Administrator in  its  sole  discretion.  Loans  or installment payments may be
granted with or without security or collateral; however,  any  loan  made  to a
consultant  or  other  non-employee  director must be secured by property other
than the purchased shares of Common Stock.  In  all  events, the maximum credit
available  to  each  may not exceed the SUM of (i) the aggregate  option  price
payable for the purchased  shares  less the aggregate par value for such shares
plus (ii) any Federal and State income and employment tax liability incurred by
the Optionee in connection with such exercise.

       (c) The Plan Administrator may,  in  its  absolute discretion, determine
that one or more loans extended under the financial assistance program shall be
subject to forgiveness by the Corporation in whole  or  in part upon such terms
and conditions the Board in its discretion deems appropriate.

12.    AMENDMENT OF THE PLAN AND AWARDS

       (a) The Board shall have complete and exclusive power  and  authority to
amend  or modify the Plan in any or all respects whatsoever. However,  no  such
amendment  or modification shall adversely affect the rights and obligations of
an Optionee with respect to options at the time outstanding under the Plan, nor
adversely affect  the  rights  of  any Participant with respect to Common Stock
issued under the Plan prior to such  action,  unless  the  Optionee consents to
such amendment. In addition, the Board shall not, without the  approval  of the
Corporation's  shareholders,  amend  the  Plan  to  (i) materially increase the
maximum  number  of  shares  issuable  under the Plan (except  for  permissible
adjustments under Section 4(c)), (ii) materially increase the benefits accruing
to individuals who participate in the Plan,  or  (iii)  materially  modify  the
eligibility requirements for participation in the Plan.

       (b)  Options to purchase shares of Common Stock may be granted under the
Plan which are  in  excess  of the number of shares then available for issuance
under the Plan, provided any  excess  shares actually issued under the Plan are
held in escrow until there is obtained  shareholder  approval  of  an amendment
sufficiently  increasing  the  number  of shares of Common Stock available  for
issuance under the Plan. If such shareholder  approval  is  not obtained within
twelve (12) months after the date the initial excess issuances  are  made, then
(i) any unexercised options representing such excess shall terminate and  cease
to  be  exercisable  and  (ii)  the  Corporation  shall  promptly refund to the
Optionees the option price paid for any excess shares issued under the Plan and
held in escrow, together with interest (at the applicable  Short  Term  Federal
Rate) for the period the shares were held in escrow.

13.    EFFECTIVE DATE AND TERM OF PLAN

       (a)  The  Plan  shall  become  effective  when  adopted by the Board and
approved by the Corporation's shareholders. If such shareholder approval is not
obtained within twelve (12) months after the date of the  Board's  adoption  of
the  Plan,  then all options previously granted under the Plan shall terminate,
and no further  options  shall be granted. Subject to such limitation, the Plan
Administrator may grant options  under the Plan at any time after the effective
date and before the date fixed herein for termination of the Plan.

       (b) The Plan shall terminate upon the EARLIER of (i) ten years after the
adoption  of  the Plan or (ii) the date  on  which  all  shares  available  for
issuance under  the  Plan have been issued or canceled pursuant to the exercise
or surrender of options  granted  under the Plan. If the date of termination is
determined under clause (i) above,  then  no  options  outstanding on such date
under  the  Plan  shall be affected by the termination of the  Plan,  and  such
securities shall thereafter  continue  to  have  force and effect in accordance
with the provisions of the stock option agreements evidencing such Options.

14.    USE OF PROCEEDS

       Any  cash  proceeds received by the Corporation  from  the  issuance  of
shares of Common Stock  under  the  Plan  shall  be  used for general corporate
purposes.

15.    WITHHOLDING

       The  Corporation's obligation to deliver shares  upon  the  exercise  or
surrender of  any  options  granted  under  the  Plan  shall  be subject to the
satisfaction of all applicable Federal, State and local income  and  employment
tax withholding requirements.

16.    REGULATORY APPROVALS

       The  implementation  of the Plan, the granting of any options under  the
Plan, and the issuance of Common  Stock  upon  the exercise or surrender of the
option grants made hereunder shall be subject to  the Corporation's procurement
of  all  approvals  and  permits  required  by  regulatory  authorities  having
jurisdiction over the Plan, the options granted under  it, and the Common Stock
issued pursuant to it.

                    2007 GREATER ASIA REALTY HOLDINGS, LTD.
                     STOCK OPTION PLAN NOTICE OF GRANT OF
                                 STOCK OPTION

       Notice is hereby given of the following option grant (the "Option") made
to purchase shares of Greater Asia Realty Holdings, Ltd. (the "Company") common
stock (the "Common Stock"):


OPTIONEE:  _______________________________


GRANT DATE: _____________________________


VESTING COMMENCEMENT DATE:  ________________________


TYPE OF STOCK:  Common Stock


OPTION PRICE:     $________ per share


NUMBER OF OPTION SHARES:  ____________________________


EXPIRATION DATE:  ______________________________________


TYPE OF OPTION: Incentive / Non-Statutory


EXERCISE SCHEDULE: _____________________________________


Optionee understands and agrees that the Option is granted  subject  to  and in
accordance  with  the  express  terms  and  conditions of the 2007 Greater Asia
Realty Holdings, Ltd. Stock Option Plan (the  "Plan").  Optionee further agrees
to be bound by the terms and conditions of the Option as set forth in the Stock
Option Agreement attached hereto as Exhibit A.

Optionee  understands that the terms and conditions applicable  to  any  Option
Shares purchased  thereunder  are  as set forth in the Stock Purchase Agreement
attached hereto as Exhibit B.

Optionee hereby acknowledges receipt of a copy of the Plan in the form attached
to this Notice of Grant.

NO EMPLOYMENT OR SERVICE CONTRACT. Nothing  in  this  Agreement  or in the Plan
shall  confer  upon  the Optionee any right to continue in the Service  of  the
Company for any period  of  specific  duration  or  interfere with or otherwise
restrict in any way the rights of the Company or the Optionee, which rights are
hereby expressly reserved by each, to terminate Optionee's  Service at any time
for any reason whatsoever, with or without cause.


                              GREATER ASIA REALTY HOLDINGS, LTD.


Date: _____________________________


By: ______________________________


Its _______________________________


OPTIONEE _______________________


Date: _____________________________


Address: __________________________


_________________________________



EXHIBIT A


           GREATER ASIA REALTY HOLDINGS, LTD. STOCK OPTION AGREEMENT

WITNESSETH:

RECITALS

       A.  The  Board  has  adopted the Plan for the purpose of attracting  and
retaining  the  services of selected  key  employees  (including  officers  and
directors), non-employee  members  of  the  Board  and  consultants  and  other
independent  contractors  who  contribute  to  the  financial  success  of  the
Corporation.

       B.  Optionee  is an individual who is to render valuable services to the
Corporation, and this  Agreement  is  executed  pursuant to, and is intended to
carry out the purposes of, the Plan in connection  with the Corporation's grant
of a stock option to Optionee.

       C. Capitalized terms used in this Agreement shall,  unless  the  context
clearly  indicates  otherwise,  have  the  meaning  assigned  to  such terms in
Paragraph 20 of this Agreement.

       NOW, THEREFORE, it is hereby agreed as follows:

       1.  GRANT  OF  OPTION. Subject to and upon the terms and conditions  set
forth in this Agreement,  the  Corporation hereby grants to Optionee, as of the
Grant Date, a stock option to purchase up to that number of Option Shares as is
specified in the Grant Notice. The Option Shares shall be purchasable from time
to time during the Option term at  the  Option Price per share specified in the
Grant Notice.

       2. OPTION TERM. This Option shall expire at the close of business on the
Expiration  Date specified in the Grant Notice,  unless  sooner  terminated  in
accordance with Paragraphs 5, 6, or 17 hereof; provided, in no event shall this
Option have a  maximum term in excess of ten (10) years measured from the Grant
Date.

       3. OPTION  NONTRANSFERABLE; EXCEPTION. Unless otherwise specified in the
Agreement relating  to an option, options granted hereunder may be transferable
(i)  by  will  or the laws  of  descent  and  distribution,  (ii)  pursuant  to
beneficiary designation procedures approved by the Company, (iii) pursuant to a
domestic relations  order,  (iv) to one or more family members of the optionee,
(v) to a trust or trusts for  the  exclusive benefit of the optionee and/or one
or more family members of the optionee,  (vi)  to  a  partnership  in which the
optionee  and/or  one  or  more  family  members  of  the optionee are the only
partners, (vii) to a limited liability company in which the optionee and/or one
or more family members of the optionee are the only members,  or (viii) to such
other persons or entities as may be specified in the agreement  relating  to an
option  or  approved in writing by the Committee prior to such transfer. Except
to the extent permitted by the preceding sentence, each option may be exercised
during the optionee's  lifetime  only  by  the optionee or the optionee's legal
representative or similar person. Except as  permitted  by the second preceding
sentence, (i) no option granted hereunder shall be sold, transferred, assigned,
pledged,  hypothecated,  encumbered  or  otherwise  disposed  of   (whether  by
operation  of  law  or  otherwise)  or  be subject to execution, attachment  or
similar process and (ii) upon any attempt to so sell, transfer, assign, pledge,
hypothecate, encumber or otherwise dispose  of  any  option  granted hereunder,
such option and all rights thereunder shall immediately become  null  and void.
Additional  transferability  restrictions  apply to Incentive Stock Options  in
accordance with aragraph 18(a) hereof.

       4. DATES OF EXERCISE. This Option may  not  be  exercised in whole or in
part at any time prior to the time the Plan is approved  by  the  Corporation's
shareholders  in  accordance  with  Paragraph  17.  Provided  such  shareholder
approval  is obtained, this Option shall thereupon become exercisable  for  the
Option Shares  in one or more installments as is specified in the Grant Notice.
As the Option becomes exercisable in one or more installments, the installments
shall accumulate  and the Option shall remain exercisable for such installments
until the Expiration  Date  or  the sooner termination of the Option term under
Paragraph 5 or Paragraph 6 of this Agreement.

       5. ACCELERATED TERMINATION  OF OPTION TERM. The option term specified in
Paragraph 2 shall terminate (and this  Option  shall  cease  to be exercisable)
prior  to  the  Expiration  Date should any of the following provisions  become
applicable:

       (a) Except as otherwise  provided  in  subparagraph  (b)  or  (c) below,
should  Optionee  cease  to remain in Service while this Option is outstanding,
then the period for exercising  this  Option  shall  be  reduced to a three (3)
month period commencing with the date of such cessation of  Service,  but in no
event  shall this Option be exercisable at any time after the Expiration  Date.
Upon the  expiration  of  such  three (3) month period or (if earlier) upon the
Expiration Date, this Option shall terminate and cease to be outstanding.

       (b) Should Optionee die while  this  Option  is  outstanding,  then  the
personal  representative  of  the Optionee's estate or the person or persons to
whom the Option is transferred pursuant to the Optionee's will or in accordance
with the law of descent and distribution  shall have the right to exercise this
Option. Such right shall lapse, and this Option  shall cease to be exercisable,
upon the EARLIER of (i) the expiration of the twelve (12) month period measured
from  the  date  of  Optionee's  death or (ii) the Expiration  Date.  Upon  the
expiration of such twelve (12) month period or (if earlier) upon the Expiration
Date, this Option shall terminate and cease to be outstanding.

       (c) Should Optionee become  Permanently  Disabled  and  cease  by reason
thereof  to  remain  in  Service  while  this  Option  is outstanding, then the
Optionee shall have a period of twelve (12) months (commencing with the date of
such  cessation of Service) during which to exercise this  Option,  but  in  no
event shall  this  Option be exercisable at any time after the Expiration Date.
Upon the expiration  of  such  limited period of exercisability or (if earlier)
upon  the  Expiration  Date,  this Option  shall  terminate  and  cease  to  be
outstanding.

       (d)  During  the  limited  period  of  exercisability  applicable  under
subparagraphs (a), (b) or (c) above,  this  Option  may be exercised for any or
all of the Option Shares in which the Optionee, at the  time  of  cessation  of
Service, is vested in accordance with the exercise/vesting provisions specified
in  the  Grant  Notice or the special acceleration provisions of Paragraph 6 of
this Agreement.

       (e) Notwithstanding  any  provisions  of  this  paragraph 5 or any other
provision of this Agreement or the Plan to the contrary,  any  options  granted
under  the  Plan  shall  terminate  as of the date Optionee ceases to be in the
Service of the Corporation if Optionee was terminated for "cause" or could have
been  terminated  for "cause." If Optionee  has  an  employment  or  consulting
agreement with the  Corporation,  the term "cause" shall have the meaning given
that term in the employment or consulting  agreement. If Optionee does not have
an  employment  or  consulting  agreement  with the  Corporation,  or  if  such
employment or consulting agreement does not  define  the term "cause," the term
"cause"  shall  mean:  (1) misconduct or dishonesty that  materially  adversely
affects the Corporation,  including without limitation (i) an act materially in
conflict with the financial  interests  of  the  Corporation,  (ii) an act that
could damage the reputation or customer relations of the Corporation,  (iii) an
act  that  could subject the Corporation to liability, (iv) an act constituting
sexual harassment  or  other  violation  of  the civil rights of coworkers, (v)
failure to obey any lawful instruction of the  Board  or  any  officer  of  the
Corporation  and  (vi)  failure  to  comply  with, or perform any duty required
under,  the  terms  of  any  confidentiality,  inventions,   or  noncompetition
agreement Optionee may have with the Corporation, or (2) acts  constituting the
unauthorized disclosure of any trade secrets or confidential information of the
Corporation, unfair competition with the corporation or the inducement  of  any
customer  of  the Corporation to breach any contract during the pendency of any
investigation by  the  Board,  or  its designee, and/or any negotiations by the
Board, or its designee, and Optionee,  regarding  any  actual or alleged act or
omission by Optionee of the type described in this paragraph.

       6. CORPORATE TRANSACTION.

       (a) This Option shall terminate upon the consummation  of  any Corporate
Transaction,  unless expressly assumed by the successor corporation  or  parent
thereof.

       (b)  In  connection  with  any  such  Corporate  Transaction,  the  Plan
Administrator may,  at  its sole discretion, (i) accelerate this Option so that
this Option shall, immediately  prior  to the specified effective date for such
Corporate Transaction, become fully exercisable  with  respect  to  all  of the
Option Shares and may be exercised for all or any portion of such shares,  (ii)
arrange  for  this  Option either to be assumed by the successor corporation or
parent thereof or to be replaced with a comparable option to purchase shares of
the capital stock of the successor corporation or parent thereof, (iii) arrange
for this Option to be  replaced  by  a comparable cash incentive program of the
successor corporation based on the option  spread (the amount by which the Fair
Market Value of the shares of Common Stock at  the  time  subject to the Option
exceeds  the  Option Price payable for such shares) or (iv) take  none  of  the
actions described  in clauses (i), (ii) or (iii) above and allow this Option to
terminate  as  provided   in   Paragraph   6(a)  above.  The  determination  of
comparability under clauses (ii) and (iii) above  shall  be  made  by  the Plan
Administrator, and its determination shall be final and conclusive.

       (c) The exercisability of this Option as an Incentive Stock Option under
the  Federal  tax  laws  (if designated as such in the Grant Notice) shall,  in
connection with any such Corporate  Transaction,  be  subject to the applicable
dollar limitation of Paragraph 18.

       (d)  This  Agreement  shall  not  in  any way affect the  right  of  the
Corporation to adjust, reclassify, reorganize  or otherwise make changes in its
capital or business structure or to merge, consolidate,  dissolve, liquidate or
sell or transfer all or any part of its business or assets.

       7.    ADJUSTMENT IN OPTION SHARES

       (a)  In  the  event any change is made to the Corporation's  outstanding
Common Stock by reason  of  any  stock  split,  stock  dividend, combination of
shares,  exchange  or  conversion  of  shares,  or other change  affecting  the
outstanding  Common  Stock as a class without receipt  of  consideration,  then
appropriate adjustments  shall be made to (i) the total number of Option Shares
subject to this Option and  (ii) the Option Price payable per share in order to
reflect such change and thereby  preclude a dilution or enlargement of benefits
hereunder.

       (b)  If  this  Option  is  to be  assumed  or  is  otherwise  to  remain
outstanding  after  the  Corporate  Transaction,  then  this  Option  shall  be
appropriately  adjusted  to  apply and pertain  to  the  number  and  class  of
securities that would have been issuable to the Optionee in the consummation of
such Corporation Transaction had the option been exercised immediately prior to
such Corporate Transaction, and  appropriate  adjustments shall also be made to
the Option Price payable per share, provided the aggregate Option Price payable
hereunder shall remain the same.

       8.     PRIVILEGE OF STOCK OWNERSHIP.

       The  holder  of  this Option shall not have  any  of  the  rights  of  a
shareholder with respect  to the Option Shares until such individual shall have
exercised the option and paid the Option Price.

       9.    MANNER OF EXERCISING OPTION.

       (a) In order to exercise  this Option with respect to all or any part of
the Option Shares for which this Option  is  at  the time exercisable, Optionee
(or in the case of exercise after Optionee's death,  the  Optionee's  executor,
administrator  heir or legatee, as the case may be) or Transferee (in the  case
of certain Incentive Options) must take the following actions:

       (1) Execute and deliver to the Secretary of the Corporation the Purchase
Agreement.

       (2) Pay the  aggregate  Option  Price for the purchased shares either by
full  payment  in  cash  or  check, or any other  form  approved  by  the  Plan
Administrator at the time of exercise  in  accordance  with  the  provisions of
Paragraph 14.

       (3) Furnish to the Corporation appropriate documentation that the person
or  persons  exercising the Option (if other than Optionee) have the  right  to
exercise this Option.

       (b) Should  the  Corporation's  outstanding  Common  Stock be registered
under  Section  12(g) of the Securities Exchange Act of 1934, as  amended  (the
"1934 Act"), at the  time  the  Option  is exercised, then the Option Price may
also be paid as follows:

       (1) in shares of the Common Stock held by the Optionee for the requisite
period necessary to avoid a charge to the  Corporation's earnings for financial
reporting purposes and valued at Fair Market Value on the Exercise Date; or

       (2) through a special sale and remittance  procedure  pursuant  to which
the Optionee (i) is to provide irrevocable written instructions to a designated
brokerage  firm to effect the immediate sale of the purchased shares and  remit
to the Corporation, out of the sale proceeds, an amount sufficient to cover the
aggregate Option  Price  payable  for  the purchased shares plus all applicable
Federal and state income and employment  taxes  required  to be withheld by the
Corporation by reason of such purchase and (ii) concurrently  provides  written
directives  to  the  Corporation  to deliver the certificates for the purchased
shares directly to such broker-dealer in order to effect the sale transaction.

       (c) Except to the extent the  special  sale  and remittance procedure is
utilized to exercise this Option, payment of the Option  Price  must  accompany
the  delivery  of  the  Purchase  Agreement.  As  soon  after  such  payment is
practical,  the Corporation shall mail or deliver to Optionee (or to the  other
person  or persons  exercising  this  Option)  a  certificate  or  certificates
representing  the shares so purchased and paid for, with the appropriate legend
affixed thereto.

       (d) In no event may this Option be exercised for any fractional shares.

       10.   COMPLIANCE WITH LAWS AND REGULATIONS.

       (a) The  exercise  of this Option and the issuance of Option Shares upon
such  exercise shall be subject  to  compliance  by  the  Corporation  and  the
Optionee  with all applicable requirements of law relating thereto and with all
applicable   regulations   of  any  stock  exchange  on  which  shares  of  the
Corporation's Common Stock may  be  listed  at  the  time  of such exercise and
issuance.

       (b)  In  connection  with  the  exercise of this Option, Optionee  shall
execute and deliver to the Corporation such  representations  in writing as may
be requested by the Corporation in order for it to comply with  the  applicable
requirements of Federal and state securities laws.

       11.  SUCCESSORS AND ASSIGNS. Except to the extent otherwise provided  in
Paragraphs 3,  6  and 18(a) the provisions of this Agreement shall inure to the
benefit of, and be  binding  upon, the successors, administrators, heirs, legal
representatives and assigns of  Optionee  and the successors and assigns of the
Corporation.

       12. LIABILITY OF CORPORATION.

       (a) If the Option Shares covered by  this  Agreement  exceed,  as of the
Grant  Date, the number of shares of Common Stock that may be issued under  the
Plan without  shareholder approval, then this Option shall be void with respect
to such excess shares, unless shareholder approval of an amendment sufficiently
increasing the  number  of  shares  of  Common Stock issuable under the Plan is
obtained in accordance with the applicable provisions of the Plan.

       (b)  The  inability  of the Corporation  to  obtain  approval  from  any
regulatory body having authority  the Corporation deems necessary to the lawful
issuance and sale of any Common Stock pursuant to this Option shall relieve the
Corporation of any liability with respect  to  the  non-issuance  of the Common
Stock  as to which such approval shall not have been obtained. The Corporation,
however, shall use its best efforts to obtain all such approvals.

       13.  NOTICES.  Any  notice  required  to  be  given  or delivered to the
Corporation under the terms of this Agreement shall be in writing and addressed
to  the  Corporation  in  care  of  the  Corporate  Secretary at its  principal
corporate  offices.  Any  notices  required  to be given or  delivered  to  the
Optionee shall be in writing and addressed to Optionee at the address indicated
below  Optionee's  signature line on the Grant Notice.  All  notices  shall  be
deemed to have been  given  or delivered upon personal delivery or upon deposit
in the US Mail, postage prepaid  and  properly  addressed  to  the  party to be
notified.

       14.  LOANS.  The Plan Administrator may, in its absolute discretion  and
without any obligation  to  do  so, assist the Optionee in the exercise of this
Option by (i) authorizing the extension  of  a  loan  to  the Optionee from the
Corporation  or (ii) permitting the Optionee to pay the option  price  for  the
purchased Common Stock in installments over a period of years. The terms of any
such loan or installment  method  of  payment (including the interest rate, the
requirement for collateral and the terms  of repayment) shall be established by
the Plan Administrator in its sole discretion.

       15. CONSTRUCTION. This Agreement and  the  Option  evidenced  hereby are
made  and granted pursuant to the Plan and are in all respects limited  by  and
subject  to  the express terms and provisions of the Plan. All decisions of the
Plan Administrator with respect to any question or issue arising under the Plan
or this Agreement  shall  be  conclusive  and  binding on all persons having an
interest in this Option.

       16. GOVERNING LAW. The interpretation, performance,  and  enforcement of
this Agreement shall be governed by the laws of the State of Delaware.

       17.  SHAREHOLDER  APPROVAL.  The  grant  of  this  Option is subject  to
approval  of  the  Plan  by the Corporation's shareholders within  twelve  (12)
months after the adoption  of  the  Plan  by  the  Board.  NOTWITHSTANDING  ANY
PROVISION  OF  THIS AGREEMENT TO THE CONTRARY, THIS OPTION MAY NOT BE EXERCISED
IN WHOLE OR IN PART  UNTIL  SUCH SHAREHOLDER APPROVAL IS OBTAINED. In the event
that  such  shareholder approval  is  not  obtained,  then  this  Option  shall
terminate in  its  entirety  and  the  Optionee shall have no further rights to
acquire any Option Shares hereunder.

       18. ADDITIONAL TERMS APPLICABLE TO  AN  INCENTIVE  STOCK  OPTION. In the
event this Option is designated an Incentive Stock Option in the Grant  Notice,
the following terms and conditions shall also apply to the grant:

       (a) An Incentive Option shall not be transferable otherwise than by will
or  the  laws  of  descent  and  distribution and may be exercisable during the
Optionee's   lifetime  only  by  such  Optionee   or   the   Optionee's   legal
representative or similar person.

       (b) This Option shall cease to qualify for favorable tax treatment as an
Incentive Stock  Option  under the Federal tax laws if (and to the extent) this
Option is exercised for one  or  more  Option  Shares:  (i) more than three (3)
months  after  the date the Optionee ceases to be an Employee  for  any  reason
other than death  or  Permanent Disability or (ii) more than one (1) year after
the  date  the Optionee ceases  to  be  an  Employee  by  reason  of  Permanent
Disability.

       (c) In the event this Option is designated as immediately exercisable in
the Grant Notice,  then  except  in  the event of a Corporate Transaction, this
Option shall not become exercisable in  the  calendar  year in which granted if
(and to the extent) the aggregate Fair Market Value (determined  at  the  Grant
Date)  of  the  Common Stock for which this Option would otherwise first become
exercisable in such  calendar  year  would,  when  added  to the aggregate Fair
Market Value (determined as of the respective date or dates  of  grant)  of the
Common  Stock  for  which  one  or more other post-1986 Incentive Stock Options
granted to the Optionee prior to  the Grant Date (whether under the Plan or any
other option plan of the Corporation  or any Parent or Subsidiary corporations)
first become exercisable during the same  calendar  year,  exceed  one  hundred
thousand  dollars ($100,000) in the aggregate. To the extent the exercisability
of this Option  is deferred by reason of the foregoing limitation, the deferred
portion will first  become  exercisable  in  the  first  calendar year or years
thereafter  in which the one hundred thousand dollar ($100,000)  limitation  of
this Paragraph 18(b) would not be contravened.

       (d) In  the  event this Option is designated as an installment option in
the Grant Notice, no  installment under this Option (whether annual or monthly)
shall qualify for favorable  tax  treatment  as an Incentive Stock Option under
the Federal tax laws if (and to the extent) the  aggregate  Fair  Market  Value
(determined  at  the Grant Date) of the Common Stock for which such installment
first becomes exercisable  hereunder  will,  when  added  to the aggregate Fair
Market Value (determined as of the respective date or dates  of  grant)  of the
Common  Stock  for  which  this Option or one or more other post-1986 Incentive
Stock Options granted to the  Optionee  prior  to the Grant Date (whether under
the  Plan  or  any  other  option  plan of the Corporation  or  any  Parent  or
Subsidiary corporations) first become  exercisable  during  the  same  calendar
year, exceed one hundred thousand dollars ($100,000) in the aggregate.

       (e)  Should  the  exercisability  of  this Option be accelerated upon  a
Corporate  Transaction,  then  this  Option shall  qualify  for  favorable  tax
treatment as an Incentive Stock Option  under  the Federal tax laws only to the
extent the aggregate Fair Market Value (determined  at  the  Grant Date) of the
Common  Stock for which this Option first becomes exercisable in  the  calendar
year in which  the  Corporate  Transaction  occurs  does not, when added to the
aggregate Fair Market Value (determined as of the respective  date  or dates of
grant) of the Common Stock for which this Option or one or more other post-1986
Incentive  Stock  Options  granted  to  the  Optionee  prior  to the Grant Date
(whether  under  the  Plan or any other option plan of the Corporation  or  any
Parent or Subsidiary corporations)  first  become  exercisable  during the same
calendar year, exceed one hundred thousand (100,000) in the aggregate.

       (f)  To  the  extent this Option should fail to qualify as an  Incentive
Stock  Option  under  the   Federal  tax  laws,  the  Optionee  will  recognize
compensation income in connection  with  the  acquisition of one or more Option
Shares hereunder, and the Optionee must make appropriate  arrangements  for the
satisfaction of all Federal, state or local income tax withholding requirements
and  Federal  Social  Security  employee  tax  requirements  applicable to such
compensation income.

       19. ADDITIONAL TERMS APPLICABLE TO A NON-STATUTORY STOCK  OPTION. In the
event  this  Option  is  designated  a non-statutory stock option in the  Grant
Notice,  Optionee  hereby  agrees to make  appropriate  arrangements  with  the
Corporation for the satisfaction of all Federal, state or local tax withholding
requirements and Federal Social  Security  employee tax requirements applicable
to the exercise of this Option.

       20. DEFINITIONS. The following definitions shall apply to the respective
capitalized terms used herein:

       (a) BOARD means the Board of Directors  of Greater Asia Realty Holdings,
Ltd.

       (b) CODE means the Internal Revenue Code of 1986, as amended.

       (c) COMMON STOCK means the Common Stock of Greater Asia Realty Holdings,
Ltd.

       (d) CORPORATION means Greater Asia Realty  Holdings,  Ltd.,  a  Delaware
corporation, and any of its successors.

       (e)   CORPORATE   TRANSACTION   means  one  or  more  of  the  following
transactions:

       (1)  a merger or consolidation in  which  the  Corporation  is  not  the
surviving entity, except for a transaction the principal purpose of which is to
change the state of the Corporation's incorporation;

       (2) the sale, transfer, or other disposition of all or substantially all
of the assets of the Corporation; or

       (3) any  reverse merger in which the Corporation is the surviving entity
but in which fifty  percent  (50%)  or  more  of  the Corporation's outstanding
voting  stock is transferred to holders different from  those  who  held  stock
immediately prior to such merger.

       (f) EMPLOYEE means an individual who is in the employ of the Corporation
or any Parent  or Subsidiary corporation. An Optionee shall be considered to be
an Employee for  so  long  as  such  individual  remains  in  the employ of the
Corporation or any Parent or Subsidiary corporation, subject to the control and
direction  of the employer entity as to both the work to be performed  and  the
manner and method of performance.

       (g) EXERCISE  DATE  shall  be  the  date  on which the executed Purchase
Agreement  for one or more Option Shares is delivered  to  the  Corporation  in
accordance with Paragraph 9 of this Agreement.

       (h) FAIR  MARKET  VALUE  of a share of Common Stock on any relevant date
shall be determined in accordance with the following provisions:

       (1) If the Common Stock is not at the time listed or admitted to trading
on any stock exchange but is traded  in  the  over-the-counter market, the Fair
Market Value shall be the mean between the highest  bid  and  the  lowest asked
prices  (or  if  such information is available, the closing selling price)  per
share of Common Stock  on  the date in question in the over-the-counter market,
as such prices are reported  by  the National Association of Securities Dealers
through its NASDAQ National Market System or any successor system. If there are
no reported bid and asked prices (or  closing  selling  price)  for  the Common
Stock  on  the date in question, then the mean between the highest bid and  the
lowest asked  prices  (or closing selling price) on the last preceding date for
which such quotations exist shall be determinative of Fair Market Value.

       (2) If the Common  Stock is at the time listed or admitted to trading on
any stock exchange then the  Fair  Market  Value  shall  be the closing selling
price per share of Common Stock on the date in question on  the  stock exchange
determined  by the Plan Administrator to be the primary market for  the  Common
Stock, as such price is officially quoted in the composite tape of transactions
on such exchange. If there is no reported sale of Common Stock on such exchange
on the date in  question,  then  the  Fair  Market  Value  shall be the closing
selling  price  on  the  exchange  on  the last preceding date for  which  such
quotation exists.

       (3) If the Common Stock is at the  time  neither  listed nor admitted to
trading on any stock exchange nor traded in the over-the-counter  market, or if
the  Plan  Administrator otherwise determines that the valuation provisions  of
subparagraphs  (a)  and  (b)  above  will  not  result  in  a true and accurate
valuation of the Common Stock, then the Fair Market Value shall  be  determined
by  the  Plan Administrator after taking into account such factors as the  Plan
Administrator shall deem appropriate under the circumstances.

       (i)  GRANT DATE means the date specified in the Grant Notice as the date
on which the Option was granted to the Optionee under the Plan.

       (j) INCENTIVE  STOCK  OPTION  means  an  option  intended  to  meet  the
statutory requirements of Section 422 of the Code.

       (k)  NON-STATUTORY STOCK OPTION means an option not intended to meet the
statutory requirements prescribed under the Code for an Incentive Option.

       (l) OPTION  SHARES  means  the  total  number  of shares of Common Stock
indicated in the Grant Notice as purchasable under this Option.

       (m) OPTIONEE means the individual identified in  the Grant Notice as the
person to whom this Option has been granted under the Plan.

       (n) OPTION PRICE means the exercise price per share  to  be  paid by the
Optionee for the exercise of this Option. The Option Price is indicated  in the
Grant Notice.

       (o)   PARENT   corporation   means   any  corporation  (other  than  the
Corporation) in an unbroken chain of corporations  ending with the Corporation,
provided  each  such  corporation  in  the  unbroken  chain   (other  than  the
Corporation)  owns,  at  the time of the determination, stock possessing  fifty
percent (50%) or more of the  total  combined  voting  power  of all classes of
stock in one of the other corporations in such chain.

       (p) PERMANENTLY DISABLED or Permanent Disability means the  inability of
an  individual to engage in any substantial gainful activity by reason  of  any
medically-determinable  physical  or mental impairment which can be expected to
result in death or which has lasted or can be expected to last for a continuous
period of not less than 12 months.

       (q) PLAN means the 2007 Greater  Asia Realty Holdings, Ltd. Stock Option
Plan attached to the Grant Notice.

       (r) PLAN ADMINISTRATOR means either  the  Board or a committee of two or
more Board members, to the extent such committee may at the time be responsible
for Plan administration.

       (s)   PURCHASE  AGREEMENT  means  the  stock  purchase   agreement,   in
substantially  the  form  of  Exhibit  B  to  the  Grant Notice, which is to be
executed in connection with the exercise of this Option  for one or more Option
Shares.

       (t) SERVICE means the performance of services for the Corporation or any
Parent  or  Subsidiary  corporation  by  an  individual in the capacity  of  an
Employee, a non-employee member of the board of  directors  or  an  independent
consultant  or advisor. Accordingly, the Optionee shall be deemed to remain  in
Service for so  long  as such individual renders services to the Corporation or
any Parent or Subsidiary  corporation on a periodic basis in the capacity of an
Employee, a non-employee member  of  the  board  of directors or an independent
consultant or advisor.

       (u)  SUBSIDIARY  corporation  means  each corporation  (other  than  the
Corporation)  in  an  unbroken  chain  of  corporations   beginning   with  the
Corporation,  provided  each such corporation (other than the last corporation)
in the unbroken chain owns,  at the time of the determination, stock possessing
fifty percent (50%) or more of  the  total combined voting power of all classes
of stock in one of the other corporations in such chain.

EXHIBIT B


          GREATER ASIA REALTY HOLDINGS, LTD. STOCK PURCHASE AGREEMENT

Agreement made as of this ____ day of __________________, 20__, between Greater
Asia Realty Holdings, Ltd., a Delaware  corporation  (the  "Corporation"),  and
_________________________,  the holder of a stock option ("Optionee") under the
2005 Greater Asia Realty Holdings, Ltd. Stock  Option Plan (the "Plan").

All capitalized terms in this Agreement shall have the meaning assigned to them
in this Agreement or in the Plan, unless otherwise indicated.

A. EXERCISE OF OPTION

       1. EXERCISE. Optionee  hereby  purchases  shares  of  Common  Stock (the
"Purchased  Shares")  pursuant  to  that  certain option (the "Option") granted
Optionee on ____________, 20__ (the "Grant  Date")  to  purchase ______________
shares of Common Stock under the Plan at the exercise price  of  $_____________
per share (the "Exercise Price").

       2.  PAYMENT.  Concurrently  with the delivery of this Agreement  to  the
Corporate Secretary, Optionee shall  pay  the  Exercise Price for the Purchased
Shares  in accordance with the provisions of the  Option  Agreement  and  shall
deliver whatever  additional  documents may be required by the Option Agreement
as a condition for exercise.

B. SECURITIES LAW COMPLIANCE

       1. EXEMPTION FROM REGISTRATION.  The  Purchased  Shares  have  not  been
registered  under  the 1933 Act and are accordingly being issued to Optionee in
reliance upon the exemption  from such registration provided by Rule 701 of the
SEC for stock issuances under  compensatory  benefit  plans  such  as the Plan.
Optionee  hereby  acknowledges  receipt of a copy of the Plan attached  to  the
Grant Notice.

       2. RESTRICTED SECURITIES.

       Optionee  hereby confirms that  Optionee  has  been  informed  that  the
Purchased Shares are  restricted  securities  under the 1933 Act and may not be
resold or transferred unless the Purchased Shares  are  first  registered under
the  Federal  securities laws or unless an exemption from such registration  is
available. Accordingly,  Optionee hereby acknowledges that Optionee is prepared
to hold the Purchased Shares  for  an  indefinite  period  and that Optionee is
aware  that  Rule  144  of the SEC issued under the 1933 Act is  not  presently
available to exempt the resale  of  the  Purchased Shares from the registration
requirements of the 1933 Act.

       3. DISPOSITION OF SHARES.

       Optionee hereby agrees that Optionee  shall  make  no disposition of the
Purchased Shares unless and until there is compliance with all of the following
requirements:

       (a) Optionee shall have provided the Corporation with  a written summary
of the terms and conditions of the proposed disposition.

       (b) Optionee shall have complied with all requirements of this Agreement
applicable to the disposition of the Purchased Shares.

       (c)   Optionee   shall   have  provided  the  Corporation  with  written
assurances, in form and substance satisfactory to the Corporation, that (i) the
proposed disposition does not require  registration  of  the  Purchased  Shares
under the 1933 Act or (ii) all appropriate action necessary for compliance with
the  registration  requirements  of  the  1933  Act  or  of  any exemption from
registration available under the 1933 Act (including Rule 144) has been taken.

       (d)   Optionee   shall   have  provided  the  Corporation  with  written
assurances, in form and substance  satisfactory  to  the  Corporation  that the
proposed  disposition  will  not  result  in  the contravention of any transfer
restrictions applicable to the Purchased Shares.

       The Corporation shall not be required (i)  to  transfer on its books any
Purchased  Shares  which  have  been sold or transferred in  violation  of  the
provisions of this Agreement or (ii)  to  treat  as  the owner of the Purchased
Shares, or otherwise to accord voting, dividend or liquidation  rights  to, any
transferee  to whom the Purchased Shares have been transferred in contravention
of this Agreement.

       4. RESTRICTIVE  LEGENDS. In order to reflect the restrictions imposed by
this  Agreement  upon the  disposition  of  the  Purchased  Shares,  the  stock
certificates for the  Purchased  Shares  shall  be  endorsed with the following
restrictive legend:

       "The  shares represented by this certificate have  not  been  registered
under the Securities  Act  of  1933.  The shares may not be sold or offered for
sale in the absence of (i) an effective  registration  statement for the shares
under  such  Act,  or  (ii)  satisfactory  assurances  to the Corporation  that
registration  under  such  Act is not required with respect  to  such  sale  or
offer."

C. MISCELLANEOUS PROVISIONS.

       1.  OPTIONEE  UNDERTAKING.  Optionee  hereby  agrees  to  take  whatever
additional action and execute whatever additional documents the Corporation may
deem necessary or advisable  in order to carry out or effect one or more of the
obligations or restrictions imposed  on either Optionee or the Purchased Shares
pursuant to the express provisions of this Agreement.

       2. AGREEMENT IS ENTIRE CONTRACT.  This  Agreement constitutes the entire
contract between the parties hereto with regard  to  the subject matter hereof.
This Agreement is made pursuant to the provisions of the  Plan and shall in all
respects be construed in conformity with the express terms  and  provisions  of
the Plan.

       3.  GOVERNING LAW. This Agreement shall be governed by, and construed in
accordance with,  the  laws  of  the  State  of Delaware without resort to that
State's conflict-of-laws rules. The parties hereto hereby irrevocably submit to
the jurisdiction of any state or federal court sitting in Wilmington, Delaware,
in any action or proceeding brought to enforce  or  otherwise arising out of or
relating to this Agreement, and hereby waive any objection to venue in any such
court and any claim that such forum is an inconvenient forum.

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

       5. SUCCESSORS AND ASSIGNS.  The provisions of this Agreement shall inure
to the benefit of, and be binding upon  the  Corporation and its successors and
assignees and Optionee and Optionee's legal representatives,  heirs,  legatees,
distributees,  assignees,  and transferees by operation of law, whether or  not
any such person shall have become  a party to this Agreement and have agreed in
writing to join herein and be bound by the terms and conditions hereof.

IN WITNESS WHEREOF, the parties have  executed  this  Agreement  on the day and
year first indicated above.


GREATER ASIA REALTY HOLDINGS, LTD.                                OPTIONEE:


By:  _____________________________________      ___________________________


     _____________________________________


Title: ___________________________________


Address: _________________________________

         _________________________________