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Exhibit 10.2  

 
 

STOCKHOLDER VOTING AGREEMENT    
    

        STOCKHOLDER VOTING AGREEMENT, dated as of December 15, 2005 (this "Agreement"), by and among DIGITAL GENERATION SYSTEMS, INC. ("DG") and the
undersigned stockholders of FCN(as defined below) (collectively, the "Stockholders" and each individually, a "Stockholder"). 

        WHEREAS,
simultaneously with the execution of this Agreement, FAST CHANNEL NETWORK, INC., a Delaware corporation ("FCN"), and DG are entering into a Merger Agreement dated as of
the date hereof (the "Merger Agreement"); 

        WHEREAS,
DG's willingness to enter into the Merger Agreement is in part based on the Stockholders' entry into this Agreement; 

        WHEREAS,
each Stockholder is the record or Beneficial Owner of the number of Owned Shares (as defined herein) set forth opposite such Stockholder's name on  Schedule I hereto; 

        WHEREAS,
DG and the Stockholders will benefit from the Merger Agreement. 

        NOW,
THEREFORE, in consideration of DG's entry into the Merger Agreement, each Stockholder individually with respect to themselves, and not jointly and severally, agrees with DG as
follows: 

        1.    Certain Definitions.    Capitalized terms not expressly defined in this Agreement will
have the meanings ascribed to them in the Merger Agreement. For purposes of this Agreement: 

        (a)   "Beneficially
Own," "Beneficial Owner" or "Beneficial Ownership" with respect to any securities means, with respect to a Stockholder, having voting power or investment
power with respect to such securities (as determined pursuant to Rule 13d-3(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act")), except for those shares
of FCN Common Stock which Stockholder has the right to acquire within 60 days. 

        (b)   "Family
Group" means, with respect to a Stockholder that is a natural person, such Stockholder's spouse, descendants (whether natural or adopted), or siblings. 

        (c)   "Transaction"
means the Merger and the other transactions contemplated by the Merger Agreement. 

        (d)   "FCN
Stockholder Action" means the approval and adoption of the Merger Agreement, the Transactions and any other actions to be taken under the Merger Agreement in
connection with the Merger pursuant to the Merger Agreement. 

        (c)   "Permitted
Transferee" means, subject to applicable contract limitations (if any), (i) with respect to a Stockholder that is a natural person, (A) any
member of Stockholder's Family Group; (B) the estate or any of the heirs or legatees of Stockholder upon Stockholder's death; and (C) any trust established and maintained for the benefit
of (x) Stockholder that is a natural Person or (y) any member of Stockholder's Family Group; (ii) with respect to a Stockholder that is a trust, such trust's trustor(s), and any
member of the Family Group of any trustor, and any subtrust created at the death of a trustor for the benefit as any member of the Family Group of any trustor; and (iii) with respect to a
Stockholder that is a business entity, an affiliate thereof or any mutual funds or other pooled investment vehicles and entity for which such Stockholder or affiliate thereof is a general partner,
managing member, investment advisor or in another similar capacity. 

        (d)   "FCN
Common Stock" means the Common Stock, par value $0.01 per share, of FCN and any securities convertible into, exchangeable for or exercisable for such Common Stock. 

 

        2.    Representations and Warranties of Each Stockholder.    Each Stockholder individually
with respect to themselves, and not jointly and severally, represents and warrants as follows: 

        (a)   Except
to the extent set forth on Schedule I, the Stockholder Beneficially Owns the number of shares of FCN Common
Stock set forth on Schedule I attached hereto (the "Owned Shares") and the Stockholder has the full and sole power to vote the Owned Shares
without the consent or approval of any other person or entity; 

        (b)   Except
for the Owned Shares and as otherwise set forth on Schedule I, the Stockholder does not Beneficially Own
any other FCN Common Stock or hold any securities convertible into or exchangeable for FCN Common Stock; 

        (c)   Except
as set forth on Schedule I hereto, the Stockholders is the record holder of the Owned Shares; 

        (d)   This
Agreement has been duly executed by the Stockholder and constitutes the Stockholder's valid and legally binding obligation, enforceable against the Stockholder in
accordance with its terms, except to the extent that (x) the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar
laws affecting the enforcement of creditor's rights generally and (y) the availability of equitable remedies may be limited by equitable principles of general applicability; 

        (e)   The
execution, delivery and performance of this Agreement by the Stockholder and the proxy contained herein does not violate or breach, and will not give rise to any
violation or breach of any law, contract, instrument, arrangement or agreement by which the Stockholder is bound; 

        (f)    The
execution, delivery and performance of this agreement and the proxy contained herein do not, and performance of this Agreement will not, require any consent,
approval, authorization or permit of, or filing with or notification to, any governmental or regulatory authority (other than any necessary filing under the Securities Exchange Act of 1934), domestic
or foreign; 

        (g)   The
execution, delivery and performance of this Agreement by the Stockholder and the proxy contained herein does not create or give rise to any right in any person with
respect to the Owned Shares or any other security of FCN (including, without limitation, voting rights and rights to purchase or sell any shares of FCN Common Stock or other securities of FCN)
pursuant to any stockholders' agreement or similar agreement or commitment, other than any such right as is duly and validly waived pursuant to such agreement; and 

        (h)   The
representations and warranties by the Stockholder in Section 2(a) made herein are qualified in their entirety by the effects of applicable community property
laws and the laws affecting the rights of marital partners generally. 

        For
all purposes of this Agreement, Owned Shares shall include any shares of DG as to which Beneficial Ownership is acquired by the Stockholder after the execution hereof. 

        3.    Covenants to Vote.    Each Stockholder individually with respect to themselves, and not
jointly and severally, covenants as follows: 

        (a)   The
Stockholder irrevocably and unconditionally agrees that, during the period commencing on the date hereof and continuing until the termination of this Agreement in
accordance with Section 11 hereof: 

        (i)    at
any meeting (whether annual or special and whether or not an adjourned or postponed meeting) of the holders of FCN Common Stock held during the term of this Agreement
called in order to obtain the FCN Stockholder Action, however called, he will, provided that he has received written notice from DG within a reasonable period of time 

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prior
to any such meeting that DG is unable to vote the Owned Shares subject to the irrevocable proxy set forth in Section 4 herein (the "Proxy") at the meeting, appear at the meeting or
otherwise cause the Owned Shares to be counted as present thereat for purposes of establishing a quorum and vote or consent (or cause to be voted or consented) the Owned Shares in favor of the FCN
Stockholder Action; 

        (ii)   he
will execute and deliver (or cause to be executed and delivered) any written consent in favor of the FCN Stockholder Action with respect to all of the Owned Shares;
and 

        (iii)  the
Stockholder will not vote, or cause to be voted, any Owned Shares (or otherwise provide a proxy or consent or enter into another voting agreement with respect
thereto) at a meeting of the holders of FCN Common Stock nor execute any written consent in lieu of a meeting of holders of FCN Common Stock (A) in favor of any other Acquisition Proposal or
(B) if such vote or consent would be inconsistent with or frustrate the purposes of the Transaction or the FCN Stockholder Action. 

        (b)   For
purposes of clarity, the Stockholder acknowledges that the covenant set forth in Section 3(a) applies even if the Board of Directors of FCN withdraws,
modifies or qualifies in a manner adverse to FCN its recommendation regarding the Transaction or the FCN Stockholder Action. 

        (c)   The
Stockholder hereby revokes any and all previous proxies with respect to the Owned Shares except any proxies granted in connection with any meeting of FCN's
stockholders held for a purpose that is or would not be inconsistent with or frustrate the purposes of the Transaction or the FCN Stockholder Action (any such meeting an "Unrelated Stockholder
Meeting"). 

        (d)   The
Stockholder agrees that any action or omission by any assign, affiliate, associate or representative of the Stockholder which, if committed by the Stockholder, would
constitute a breach hereof by the Stockholder shall also constitute a breach hereof by the Stockholder for which the Stockholder and such assign, affiliate, associate or representative, as the case
may be, shall be jointly and severally responsible. 

        4.    Irrevocable Proxy.    Each Stockholder hereby appoints such person and any designee of
such person set forth opposite the Stockholder's name on Schedule I hereto, each of them individually, the Stockholder's proxy and
attorney-in-fact during the term of this agreement and pursuant to the provisions of Section 212 of the Delaware General Corporation Law, as amended, with full power of
substitution and resubstitution, to vote and act on the Stockholder's behalf and in the Stockholder's name, place and stead with respect to the Stockholder's Owned Shares, at any meeting (whether
annual or special and whether or not an adjourned or postponed meeting) of the holders of FCN Common Stock held during the term of this Agreement and called in order to obtain the FCN Stockholder
Action, and to act by written consent with respect to the Stockholder's Owned Shares with respect to the FCN Stockholder Action, and in accordance with, Section 3(a) hereof. The Stockholder
affirms that this proxy is coupled with an interest and shall during the term of this Agreement be irrevocable. The Stockholder shall take further action or execute such other instruments as may be
necessary to effectuate the intent of this proxy. Except in order to vote the Owned Shares in accordance with Section 3(a), the Stockholder covenants and agrees not to grant any subsequent
proxy with respect to the Stockholder's Owned Shares except any proxies granted in connection with an Unrelated Stockholder Meeting, and further covenants and agrees that any such proxy, if granted,
shall not be valid or effective. 

        5.    Limitations on Transfer.    

        (a)   Each
Stockholder agrees that until the earlier of (i) the Closing Date and (ii) the date of termination of the Merger Agreement in accordance with its
terms, the Stockholder will not, without the prior written consent of DG prior to the Closing Date (a) directly or indirectly, sell, 

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transfer,
pledge, assign or otherwise dispose of any of the Stockholder's Owned Shares or any securities convertible into or exchangeable for FCN Common Stock, or enter into any contract, option,
commitment or other arrangement or understanding with respect to the sale, transfer, pledge, assignment or other disposition of any of the Stockholder's Owned Shares or any securities convertible into
or exchangeable for FCN Common Stock (except to the extent relating to a sale, transfer, pledge, assignment or other disposition of the Stockholder's Owned Shares after the Closing Date), or
(b) take any action that would prohibit, prevent or preclude the Stockholder from performing its obligations under this Agreement, including, without limitation, the granting of a power of
attorney with respect to the Owned Shares, depositing the Stockholder's Owned Shares in a voting trust or entering into any other stockholder voting agreements with respect to the Stockholder's Owned
Shares, provided, however, that the Stockholder may freely transfer any of the Stockholder's Owned
Shares to a Permitted Transferee if such Permitted Transferee executes a counterpart of this Agreement agreeing to be bound by this Agreement and agrees in writing to hold such Owned Shares (or
interest in such Owned Shares) subject to all of the terms and provisions of this Agreement, provided that the Stockholder shall remain liable under this Agreement in all respects. Each Stockholder
further agrees that this Agreement and the Stockholder's obligations hereunder shall attach to the Stockholder's Owned Shares and shall be binding upon any person or entity to which legal or
beneficial ownership of such Owned Shares may pass, whether by operation of law or otherwise, including without limitation the Stockholder's heirs, guardians, administrators or successors. Each
Stockholder further covenants and agrees not to request that FCN register the transfer (book-entry or otherwise) of any certificate or uncertificated interest representing any of the
Stockholder's Owned Shares, unless such transfer is made in compliance with this Agreement and acknowledges that DG may notify FCN's transfer agent of the terms hereof. 

        6.    Specific Performance.    Each Stockholder agrees that irreparable damage to DG would
occur in the event that any of the provisions of this Agreement were not performed by the Stockholder in accordance with their specific terms or were otherwise breached. It is accordingly agreed that
DG shall be entitled to an injunction or injunctions to prevent breaches of this Agreement by the Stockholder and to enforce specifically the terms and provisions hereof in any court of the United
States or any state having jurisdiction, this being in addition to any other remedy to which it is entitled at law or in equity. 

        7.    Counterparts.    This Agreement may be executed in one or more counterparts, each of
which shall be deemed to constitute an original. This Agreement shall not be effective as to any party hereto until such time as this Agreement or a counterpart hereof has been executed and delivered
by each party hereto (which delivery may be by facsimile). 

        8.    Remedies Cumulative.    All rights, powers and remedies provided under this Agreement or
otherwise available in respect hereof at law or in equity shall be cumulative and not alternative, and the exercise
or beginning of the exercise of any thereof by any party hereto shall not preclude the simultaneous or later exercise of any other such right, power or remedy by such party. 

        9.    No Waiver.    The failure of DG to exercise any right, power or remedy provided under
this Agreement or otherwise available in respect hereof at law or in equity, or to insist upon compliance by a Stockholder with the Stockholder's obligations hereunder, and any custom or practice of
the parties at variance with the terms hereof, shall not constitute a waiver by DG of its right to exercise any such or other right, power or remedy or to demand such compliance. 

        10.    Stockholder Capacity.    Each Stockholder that is an officer or director of FCN is
executing this Agreement solely in the Stockholder's capacity as beneficial owner of the Owned Shares and not in the Stockholder's fiduciary capacity as a director or officer of FCN. Nothing herein
shall prohibit, 

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prevent
or preclude any such Stockholder from taking or not taking any action in the Stockholder's capacity as an officer or director of FCN. 

        11.    Termination.    This Agreement shall terminate on the earlier of (i) the
termination of the Merger Agreement other than as a result of the consummation of the Merger and (ii) the Closing Date. Nothing in this Section 11 shall relieve or otherwise limit the
liability of any party for breach of this Agreement prior to termination. 

        12.    Governing Law.    This Agreement shall be construed in accordance with and governed by
the laws of the State of Delaware without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Delaware. 

        13.    Severability.    If any term, provision, covenant or restriction of this Agreement is
held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in
full force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner
materially adverse to DG. Upon such a determination, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner so that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent possible. 

        14.    Successors and Assigns.    The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns; provided that no Stockholder
may assign, delegate or otherwise transfer any of his rights or obligations under this Agreement without consent. 

        15.    Entire Agreement.    This Agreement embodies the entire agreement and understanding
among the parties relating to the subject matter hereof and supersedes all prior agreements and understandings relating to such subject matter. 

        16.    Amendments.    This Agreement may not be modified, amended, altered or supplemented
except upon the execution and delivery of a written agreement executed by each of the parties hereto. 

   

[Signature pages follow]

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        IN
WITNESS WHEREOF, each Stockholder and DG have duly executed this Stockholder Voting Agreement as of the date first above written. 

	 	 	DIGITAL GENERATION SYSTEMS, INC.
	

 	
 	

By:	

    

	 	 	Name:	    

	 	 	Title:	    

	

    	
 	

 	

 
	

 	
 	

THE STOCKHOLDERS
	

 	
 	

[See Individual Stockholder Signature Pages]

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[Individual Stockholder Signature Pages]

Trusts and Business Entities  

	 	 	STOCKHOLDER
	

 	
 	

By:	

    

	 	 	Name:	    

	 	 	Title:	    

Natural Persons  

	 	 	STOCKHOLDER
	

 	
 	

Signature:	

    

	 	 	Print Name:	    

 
 

SPOUSAL CONSENT    
    

        I, the undersigned, being the spouse of                  , a stockholder
of                        (the "Company"), hereby acknowledge that I have read and hereby approve
that certain Stockholder Voting Agreement dated as of              , 2005 in favor of FastChannel Network, Inc. (the "Voting Agreement"). I hereby agree to be irrevocably
bound by the Voting
Agreement and that any community property interest that I may have in the Owned Shares shall be similarly bound by the Voting Agreement. I hereby appoint my spouse,
                  , as my
attorney-in-fact with respect to the exercise of any rights or the performances of any obligations under the Voting Agreement. 

Date:              ,
2005 

	 	 	Signature:	    

	

 	
 	

Name (Printed):	

    

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STOCKHOLDER VOTING AGREEMENT

SPOUSAL CONSENTFiled by Automated Filing Services Inc. (604) 609-0244 - Taseko Mines Limited - Exhibit 4.03

TASEKO MINES LIMITED. 
(the “Company”)

2006 SHARE OPTION PLAN

Dated for Reference March 22, 2006

ARTICLE 1
PURPOSE AND INTERPRETATION

Purpose

1.1               
The purpose of this Plan will be to advance the interests of the Company by
encouraging equity participation in the Company through the acquisition of
Common Shares of the Company. It is the intention of the Company that this Plan
will at all times be in compliance with the rules and policies of The Toronto
Stock Exchange (or “TSX”) (the “TSX Policies”) and any inconsistencies between
this Plan and the TSX Policies whether due to inadvertence or changes in TSX
Policies will be resolved in favour of the latter.

Definitions

1.2               
In this Plan

Affiliate means a company that
is a parent or subsidiary of the Company, or that is controlled by the same
entity as the Company;

Associate has the meaning
assigned by the Securities Act;

Board means the board of
directors of the Company or any committee thereof duly empowered or authorized
to grant options under this Plan;

Change of Control includes
situations where after giving effect to the contemplated transaction and as a
result of such transaction: 

(i)      any
one Person holds a sufficient number of voting shares of the Company or
resulting company to affect materially the control of the Company or resulting
company, or,

(ii)     any
combination of Persons, acting in concert by virtue of an agreement,
arrangement, commitment or understanding, hold in total a sufficient number of
voting shares of the Company or its successor to affect materially the control
of the Company or its successor, 

where such Person or combination of
Persons did not previously hold a sufficient number of voting shares to affect
materially control of the Company or its successor. In the 

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absence of evidence to the contrary,
any Person or combination of Persons acting in concert by virtue of an
agreement, arrangement, commitment or understanding, holding more than 20% of
the voting shares of the Company or its successor is deemed to materially affect
the control of the Company or its successor;

Common Shares means common
shares without par value in the capital of the Company providing such class is
listed on the TSX;

Company means the Corporation
named at the top hereof and includes, unless the context otherwise requires, all
of its subsidiaries or affiliates and successors according to law;

Consultant means a Person or
Consultant Company, other than an Employee, Officer or Director that: 

(i)     
provides on an ongoing bona fide basis, consulting, technical, managerial or
like services to the Company or an Affiliate of the Company, other than services
provided in relation to a Distribution;

(ii)     provides the services under a
written contract between the Company or an Affiliate and the Person or the
Consultant Company;

(iii)    in the
reasonable opinion of the Company, spends or will spend a significant amount of
time and attention on the business and affairs of the Company or an Affiliate of
the Company; and

(iv)     has
a relationship with the Company or an Affiliate that enables the Person or
Consultant Company to be knowledgeable about the business and affairs of the
Company;

Consultant Company means for a
Person consultant, a company or partnership of which the Person is an employee,
shareholder or partner;

Directors means the directors of
the Company as may be elected from time to time;

Disinterested Shareholder
Approval means approval by a majority of the votes cast by all the Company’s
shareholders at a duly constituted shareholders’ meeting, excluding votes
attached to shares beneficially owned by Service Providers or their
Associates;

Distribution has the meaning
assigned by the Securities Act, and generally refers to a distribution of
securities by the Company from treasury;

Effective Date for an Option
means the date of grant thereof by the Board;

Employee means: 

(a)      a
Person who is considered an employee under the Income Tax Act (i.e. for whom
income tax, employment insurance and CPP deductions must be made at source);

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(b)      a
Person who works full-time for the Company or its subsidiary providing services
normally provided by an employee and who is subject to the same control and
direction by the Company over the details and methods of work as an employee of
the Company, but for whom income tax deductions are not made at source; or

(c)      a
Person who works for the Company or its subsidiary on a continuing and regular
basis for a minimum amount of time per week providing services normally provided
by an employee and who is subject to the same control and direction by the
Company over the details and methods of work as an employee of the Company, but
for whom income tax deductions need not be made at source;

Exercise Price means the amount
payable per Common Share on the exercise of an Option, as determined in
accordance with the terms hereof; 

Expiry Date means the day on
which an Option lapses as specified in the Option Commitment therefor or in
accordance with the terms of this Plan;

Insider means 

(i)      an
insider as defined in the TSX Policies or as defined in securities legislation
applicable to the Company;

(ii)     an
Associate of any person who is an Insider by virtue of §(i) above;

Investor Relations Activities
means generally any activities or communications that can reasonably be seen to
be intended to or be primarily intended to promote the merits or awareness of or
the purchase or sale of securities of the Company;

Listed Shares means the number
of issued and outstanding shares of the Company that have been accepted for
listing on the TSX, but excluding dilutive securities not yet converted into
Listed Shares;

Management Company Employee
means a Person employed by another Person or a corporation providing management
services to the Company which are required for the ongoing successful operation
of the business enterprise of the Company, but excluding a corporation or Person
engaged primarily in Investor Relations Activities;

Market Price means the 5-day
volume weighted average price as calculated by the rules of the TSX company
manual;

Officer means a duly appointed
senior officer of the Company;

Option means the right to
purchase Common Shares granted hereunder to a Service Provider;

Option Commitment means the
notice of grant of an Option delivered by the Company hereunder to a Service
Provider and substantially in the form of Schedule A hereto;

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Optioned Shares means Common
Shares that may be issued in the future to a Service Provider upon the exercise
of an Option;

Optionee means the recipient of
an Option hereunder;

Outstanding Shares means at the
relevant time, the number of outstanding Common Shares of the Company from time
to time;

Participant means a Service
Provider that becomes an Optionee;

Person means a company or an
individual;

Plan means this Share Option
Plan, the terms of which are set out herein or as may be amended;

Plan Shares means the total
number of Common Shares which may be reserved for issuance as Optioned Shares
under the Plan as provided in §2.2;

Regulatory Approval means the
approval of the TSX and any other securities regulatory authority that may have
lawful jurisdiction over the Plan and any Options issued hereunder;

Securities Act means the
Securities Act, R.S.B.C. 1996, c. 418, as amended from time to time;

Service Provider means a Person
who is a bona fide Director, Officer, Employee, Management Company Employee or
Consultant, and also includes a company, of which 100% of the share capital is
beneficially owned by one or more Person Service Providers;

Share Compensation Arrangement
means any Option under this Plan but also includes any other stock option, stock
option plan, employee stock purchase plan or any other compensation or incentive
mechanism involving the issuance or potential issuance of Common Shares to a
Service Provider;

Shareholder Approval means
approval by a majority of the votes cast by eligible shareholders at a duly
constituted shareholders’ meeting;

TSX means The Toronto Stock
Exchange and any successor thereto; and

TSX Policies means the rules and
policies of the TSX as amended from time to time.

ARTICLE 2 
SHARE OPTION PLAN

Establishment of Share Option Plan

2.1               
There is hereby established a Share Option Plan to recognize contributions made
by Service Providers and to create an incentive for their continuing assistance
to the Company and its Affiliates.

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Maximum Plan Shares

2.2               
The maximum aggregate number of Plan Shares that may be reserved for issuance
under the Plan at any point in time is 12% of the Outstanding Shares at the time
the Plan Shares are reserved for issuance as a result of the grant of an Option,
less any Common Shares reserved for issuance under share options granted under
Share Compensation Arrangements other than this Plan, unless this Plan is
amended pursuant to the requirements of the TSX Policies.

Eligibility

2.3               
Options to purchase Common Shares may be granted hereunder to Service Providers
from time to time by the Board. Service Providers that are corporate entities
will be required to undertake in writing not to effect or permit any transfer of
ownership or option of any of its shares, nor issue more of its shares (so as to
indirectly transfer the benefits of an Option), as long as such Option remains
outstanding, unless the written permission of the TSX and the Company is
obtained.

Options Granted Under the Plan

2.4               
All Options granted under the Plan will be evidenced by an Option Commitment in
the form attached as Schedule A, showing the number of Optioned Shares, the term
of the Option, a reference to vesting terms, if any, and the Exercise Price.

2.5               
Subject to specific variations approved by the Board, all terms and conditions
set out herein will be deemed to be incorporated into and form part of an Option
Commitment made hereunder.

Options Not Exercised

2.6               
In the event an Option granted under the Plan expires unexercised or is
terminated by reason of dismissal of the Optionee for cause or is otherwise
lawfully cancelled prior to exercise of the Option, the Optioned Shares that
were issuable thereunder will be returned to the Plan and will be eligible for
re-issue. For greater certainty options which are exercised thereupon increase
the number available to the Plan by the relevant percentage of outstanding
shares as provided hereunder.

Powers of the Board

2.7               
The Board will be responsible for the general administration of the Plan and the
proper execution of its provisions, the interpretation of the Plan and the
determination of all questions arising hereunder. Without limiting the
generality of the foregoing, the Board has the power to

(a)      allot
Common Shares for issuance in connection with the exercise of Options;

(b)      grant
Options hereunder;

- 6 -

(c)     
subject to Regulatory Approval, amend, suspend, terminate or discontinue the
Plan, or revoke or alter any action taken in connection therewith, except that
no general amendment or suspension of the Plan will, without the written consent
of all Optionees, alter or impair any Option previously granted under the Plan
unless as a result of a change in TSX Policies;

(d)     
delegate all or such portion of its powers hereunder as it may determine to one
or more committees of the Board, either indefinitely or for such period of time
as it may specify, and thereafter each such committee may exercise the powers
and discharge the duties of the Board in respect of the Plan so delegated to the
same extent as the Board is hereby authorized so to do; and

(e)      in
its sole discretion amend this Plan (except for previously granted and
outstanding Options) to reduce the benefits that may be granted to Service
Providers (before a particular Option is granted) subject to the other terms
hereof.

Terms or Amendments Requiring Disinterested Shareholder
Approval

2.8               
None of the following actions will become effective without first obtaining
Disinterested Shareholder Approval:

(a)     
Common Shares being issuable to Insiders under this Plan, when combined with all
of the Company’s other Share Compensation Arrangements, exceeding 10% of the
Outstanding Shares;

(b)     
Common Shares being issuable to Insiders under this Plan, when combined with all
of the Company’s other Share Compensation Arrangements, exceeding 10% of the
Outstanding Shares in any 12 month period; and

(c)      a
reduction in the exercise price of an Option granted hereunder to an Insider or
an extension of the term of an Option granted hereunder benefiting an
Insider.

ARTICLE 3
TERMS AND CONDITIONS OF OPTIONS

Exercise Price

3.1               
The Exercise Price of an Option will be set by the Board at the time such Option
is allocated under the Plan, and cannot be less than the Market Price.

Term of Option

3.2               
An Option can be exercisable for a maximum of 10 years from the Effective Date.

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Vesting of Options

3.3               
Vesting of Options is at the discretion of the Board, and will generally be
subject to:

(a)      the
Service Provider remaining employed by or continuing to provide services to the
Company or any of its subsidiaries and Affiliates as well as, at the discretion
of the Board, achieving certain milestones which may be defined by the Board
from time to time or receiving a satisfactory performance review by the Company
or its subsidiary or affiliate during the vesting period; or

(b)     
remaining as a Director of the Company or any of its subsidiaries or Affiliates
during the vesting period.

Optionee Ceasing to be Director, Employee or Service
Provider

3.4               
No Option may be exercised after the Service Provider has left the employ/office
or has been advised his services are no longer required or his service contract
has expired, except as follows:

(a)      in
the case of the death of an Optionee, any vested Option held by him at the date
of death will become exercisable by the Optionee’s lawful personal
representatives, heirs or executors until the earlier of one year after the date
of death of such Optionee and the date of expiration of the term otherwise
applicable to such Option;

(b)     
subject to the other provisions of this §3.4, vested Options shall expire 90
days after the date the Optionee ceases to be employed by, provide services to,
or be a director or officer of, the Company, and all unvested Options shall
immediately terminate without right to exercise same; 

(c)      in
the case of an Optionee being dismissed from employment or service for cause,
such Optionee’s Options, whether or not vested at the date of dismissal will
immediately terminate without right to exercise same;

(d)      in
the event of a Change of Control occurring, Options granted to Directors and
Officers which are subject to vesting provisions shall be deemed to have
immediately vested upon the occurrence of the Change of Control; and

(e)      in
the event of a Director not being nominated for re election as a Director of the
Company, although consenting to act and being under no legal incapacity which
would prevent the Director from being a member of the Board, Options granted
which are subject to a vesting provision shall be deemed to have vested on the
date of Meeting upon which the Director is not re elected.

Non Assignable

3.5               
Subject to §3.4(a), all Options will be exercisable only by the Optionee to whom
they are granted and will not be assignable or transferable.

- 8 -

Adjustment of the Number of Optioned Shares

3.6               
The number of Common Shares subject to an Option will be subject to adjustment
in the events and in the manner following:

(a)      in
the event of a subdivision of Common Shares as constituted on the date hereof,
at any time while an Option is in effect, into a greater number of Common
Shares, the Company will thereafter deliver at the time of purchase of Optioned
Shares hereunder, in addition to the number of Optioned Shares in respect of
which the right to purchase is then being exercised, such additional number of
Common Shares as result from the subdivision without an Optionee making any
additional payment or giving any other consideration therefor;

(b)      in
the event of a consolidation of the Common Shares as constituted on the date
hereof, at any time while an Option is in effect, into a lesser number of Common
Shares, the Company will thereafter deliver and an Optionee will accept, at the
time of purchase of Optioned Shares hereunder, in lieu of the number of Optioned
Shares in respect of which the right to purchase is then being exercised, the
lesser number of Common Shares as result from the consolidation;

(c)      in
the event of any change of the Common Shares as constituted on the date hereof,
at any time while an Option is in effect, the Company will thereafter deliver at
the time of purchase of Optioned Shares hereunder the number of shares of the
appropriate class resulting from the said change as an Optionee would have been
entitled to receive in respect of the number of Common Shares so purchased had
the right to purchase been exercised before such change;

(d)      in
the event of a capital reorganization, reclassification or change of outstanding
equity shares (other than a change in the par value thereof) of the Company, a
consolidation, merger or amalgamation of the Company with or into any other
company or a sale of the property of the Company as or substantially as an
entirety at any time while an Option is in effect, an Optionee will thereafter
have the right to purchase and receive, in lieu of the Optioned Shares
immediately theretofore purchasable and receivable upon the exercise of the
Option, the kind and amount of shares and other securities and property
receivable upon such capital reorganization, reclassification, change,
consolidation, merger, amalgamation or sale which the holder of a number of
Common Shares equal to the number of Optioned Shares immediately theretofore
purchasable and receivable upon the exercise of the Option would have received
as a result thereof. The subdivision or consolidation of Common Shares at any
time outstanding (whether with or without par value) will not be deemed to be a
capital reorganization or a reclassification of the capital of the Company for
the purposes of this §3.6(d);

(e)      an
adjustment will take effect at the time of the event giving rise to the
adjustment, and the adjustments provided for in this Section are cumulative;

(f)      the
Company will not be required to issue fractional shares in satisfaction of its
obligations hereunder. Any fractional interest in a Common Share that would,
except for 

- 9 -

the provisions of this §3.6(f), be
deliverable upon the exercise of an Option will be cancelled and not be
deliverable by the Company; and

(g)      if
any questions arise at any time with respect to the Exercise Price or number of
Optioned Shares deliverable upon exercise of an Option in any of the events set
out in this §3.6, such questions will be conclusively determined by the
Company’s auditors, or, if they decline to so act, any other firm of Chartered
Accountants, in Vancouver, British Columbia (or in the city of the Company’s
principal executive office) that the Company may designate and who will have
access to all appropriate records and such determination will be binding upon
the Company and all Optionees.

ARTICLE 4
COMMITMENT AND EXERCISE
PROCEDURES

Option Commitment

4.1               
Upon grant of an Option hereunder, an authorized officer of the Company will
deliver to the Optionee an Option Commitment detailing the terms of such Options
and upon such delivery the Optionee will be subject to the Plan and have the
right to purchase the Optioned Shares at the Exercise Price set out therein
subject to the terms and conditions hereof.

Manner of Exercise

4.2               
An Optionee who wishes to exercise his Option may do so by delivering

(a)      a
written notice to the Company specifying the number of Optioned Shares being
acquired pursuant to the Option; and

(b)      cash
or a certified cheque payable to the Company for the aggregate Exercise Price
for the Optioned Shares being acquired.

Delivery of Certificate and Hold Periods

4.3               
As soon as practicable after receipt of the notice of exercise described in §4.2
and payment in full for the Optioned Shares being acquired, the Company will
direct its transfer agent to issue a certificate to the Optionee for the
appropriate number of Optioned Shares. Such certificate issued will bear a
legend stipulating any resale restrictions required under applicable securities
laws.

ARTICLE 5 
GENERAL

Employment and Services

5.1               
Nothing contained in the Plan will confer upon or imply in favour of any
Optionee any right with respect to office, employment or provision of services
with the Company, or interfere in any way with the right of the Company to
lawfully terminate the 

- 10 -

Optionee’s office, employment or service at any time pursuant
to the arrangements pertaining to same. Participation in the Plan by an Optionee
will be voluntary.

No Representation or Warranty

5.2               
The Company makes no representation or warranty as to the future market value of
Common Shares issued in accordance with the provisions of the Plan or to the
effect of the Income Tax Act (Canada) or any other taxing statute
governing the Options or the Common shares issuable thereunder or the tax
consequences to a Service Provider. Compliance with applicable securities laws
as to the disclosure and resale obligations of each Participant is the
responsibility of such Participant and not the Company.

Interpretation

5.3               
The Plan will be governed and construed in accordance with the laws of the
Province of British Columbia.

Continuation of the Plan

5.4               
This Plan will become effective from and after July 5, 2005 and will remain
effective provided that the Plan, or any amended version thereof, receives
Shareholder Approval on or before each third annual general meeting of the
Company. 

Amendment of the Plan

5.5               
Subject to the requirements of the TSX Policies and the prior receipt of any
necessary Regulatory Approval, the Board may in its absolute discretion, amend
or modify the Plan or any Option granted as follows:

(a)      it
may make amendments which are of a “housekeeping” or clerical nature only;

(b)      it
may change the vesting provisions of an Option granted hereunder;

(c)      it
may change the termination provision of an Option granted hereunder which does
not entail an extension beyond the original Expiry Date of such Option; 

(d)      it
may add a cashless exercise feature payable in cash or Common Shares which
provides for a full deduction of the number of underlying Common Shares from the
Shares reserved hereunder; and

(e)      it
may make such amendments as reduce, and do not increase, the benefits of this
Plan to Service Providers.

Termination

5.6               
The Board reserves the right in its absolute discretion to terminate the Plan
with respect to all Plan Shares in respect of Options which have not yet been
granted hereunder.

SCHEDULE A 

SHARE OPTION PLAN 

OPTION COMMITMENT

Notice is hereby given that, effective this ________day of
________________, __________(the “Effective Date”) TASEKO MINES LIMITED
(the “Company”) has granted to ___________________________________________(the
“Service Provider”) , an Option to acquire ______________Common Shares
(“Optioned Shares”) up to 5:00 p.m. Vancouver Time on the __________day of
____________________, __________(the “Expiry Date”) at a Exercise Price of
Cdn$____________per share.

Optioned Shares may be acquired as follows:

____________ In accordance with the vesting provisions
set out in 3.3 of the Plan 

or 

____________ As follows: 

The grant of the Option evidenced hereby is made subject to the
terms and conditions of the Company’s Share Option Plan, the terms and
conditions of which are hereby incorporated herein.

To exercise your Option, deliver a written notice specifying
the number of Optioned Shares you wish to acquire, together with cash or a
certified cheque payable to the Company for the aggregate Exercise Price, to the
Company. A certificate for the Optioned Shares so acquired will be issued by the
transfer agent as soon as practicable thereafter. 

TASEKO MINES LIMITED

	 	 
	Authorized Signatory

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