Document:

Exhibit 10.12

SETTLEMENT AGREEMENT &: MUTUAL RELEASE

THIS SETTLEMENT AGREEMENT is executed by the following
Parties and is effective as of October 29, 2001:  Nord Pacific Ltd.
("Nord"), a New Brunswick, Canada corporation, and Hicor Corporation,
("Hicor") a Delaware corporation, and W. Pierce Carson
("Carson"), joined by his spouse Mariann J. Carson
("Spouse"), collectively the "Parties" unless the context
otherwise appears:

WHEREAS, Carson was the President and CEO of Hicor and
Nord Pacific; and

WHEREAS, Carson's total compensation package with Nord and
Hicor included life insurance and retirement benefits to be provided to Carson
on his retirement: and

WHEREAS, to provide a fund from which to at least
partially fund the retirement benefits owed to Carson, an insurance policy was
purchased from Northwestern Mutual Life Insurance Company; and

WHEREAS, on or about July 17, 1991. Carson was designated
the owner of the policy and has continuously been the owner since; and

WHEREAS, on July 18, 1991 a collateral assignment to Hicor
was executed by Carson; and 

WHEREAS, the board of directors of Nord Pacific on April
1, 1994 directed that a retirement benefit plan in favor of Carson be
implemented; and

WHEREAS, on May 27, 1997, the parties entered into a
"continuation of employment agreement", by which the company
recognized that Carson and his spouse were entitled to retirement benefits,
which benefits "the Company will fund . on an ongoing, current basis"; and

 

WHEREAS. Carson's employment was terminated at the
request, direction, and with the consent of Nord Pacific and Hicor, effective
December 31, 2000 pursuant to the terms of an Amended Severance Agreement and
General Release, in which Pacific recognized that Carson and his spouse
"are entitled to certain retirement benefits under an existing company
retirement plan", and which excepted claims for retirement benefits from
the release; and

WHEREAS, Carson has maintained that he has been entitled
to early retirement benefits effective January 1, 2001 of approximately
$650,000.00 pursuant to the terms of the plan documents and agreements between
the parties; and

WHEREAS, on or about March 28, 2001, Hicor attempted to
borrow the cash value of the policy in reliance upon the collateral assignment;
and

WHEREAS, April 10, 2001, Carson filed a verified
application for temporary restraining order to prohibit Nord and Hicor from
attempting to obtain proceeds under the insurance policy owned by Carson, which
restraining order was granted by the Second Judicial District Court, State of
New Mexico in Carson v. Nord Pacific Ltd., Hicor Corporation, et al., pending
as cause no. CV-2001-02543; and

WHEREAS, a subsequent action was filed on April 24, 2001
in the United States District Court for the District of New Mexico entitled Carson
v. Nord Pacific Ltd. Hicor Corporation, et al., pending as cause no.
CV-01-0456 BB/DJS, seeking to enforce Carson's right to early retirement
benefits as of his termination from employment: and

WHEREAS, Nord and Hicor acknowledge Carson's claim for
early retirement benefits; and

 

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WHEREAS, the parties held a settlement conference on
October 9, 2001, at which time the parties agreed to negotiate and resolve an
and all claims of any nature which they could have one against the other,
including Carson's claim for early retirement benefits, claims of breach of
fiduciary duty, claims for breach of contract by Pacific and Hicor under the
severance agreement entered into between the parties dated December 31, 2000,
and all claims of wrongdoing, misfeasance, misconduct or neglect which Nord
Pacific, Hicor, their respective board of directors and all those claiming by,
through or under them could have against Carson;

NOW, THEREFORE, it is agreed as follows:

I.            
Definitions: Applicable to Agreement and Mutual Release

A.          
"Action" shall mean Carson v. Nord Pacific Limited, et al.,
CIV No. 01-0456 BB/DJS, pending in United States District Court, New Mexico.

B.          
"Claims and Causes" mean any and all claims, known or unknown,
whether in contract, statutory (including without limitation ERISA laws governing
securities and/or corporate governance) or otherwise from the beginning of time
to the Closing which any of the Parties or those claiming by, through or under
them may have against any of the other Parties hereto arising out of Carson's
employment by Nord and/or Hicor including any retirement, benefit, severance,
affiliation, right, entitlement, including any alleged, asserted or potential
conduct, wrongdoing, misfeasance, mismanagement or misconduct by any of the
Parties. The definition also includes -- without limitation --all claims and
assertions which are the subject of any pleading or which could have been the
subject of any pleading by amendment, supplement or otherwise in the Action or Carson
v. Nord Pacific Limited, et. al., No. CV-2001-02543, District Court,
Bernalillo County, New Mexico.

 

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C.          
"Closing Date" shall mean the date on which: (1) payment is
made by Northwestern Mutual in accordance with Section IIB; (2) Nord and Hicor
deliver to Carson the revocation of the Collateral Assignment; (3) the Parties
authorize their attorneys of record in the Action to execute and lodge with the
U.S. District Court the Exhibit 1 form of motion and order dismissing all
claims between any of the Parties with prejudice without award of costs, all of
which events shall be coincident.

D.          
"Collateral Assignment" shall mean the Assignment of Life
Insurance Policy As Collateral, dated July 18, 1991, executed by Hicor and
Carson, assigning Northwestern Mutual Life Insurance Policy #10855098 to Hicor.

E.          
"Insurance Policy" shall mean Northwestern Mutual Life
Insurance Policy #10855098. with Carson as insured and Spouse as beneficiary.

F.          
"Retirement" or "Retirement Plan" shall mean an
split dollar life insurance, any supplement compensation agreement, any plan
authorized by the Board of Directors of Nord, and any plan or arrangement,
whether written or unwritten, executed or unexecuted, under which Carson or
Spouse might claim benefits or entitlements incident to retirement or early
retirement from Nord or Hicor (including without limitation any retirement
plan, benefit or entitlement which is the subject of claims and assertions in
the Action or Carson v. Nord Pacific Limited, et al., No. CV-2001-02543,
District Court, Bernalillo County, New Mexico), except for any 401(k) plan in
which Carson has participated.  

G.          
"Stock" shall mean Nord Common Stock.

 

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H.          
Securities law terms defined:

(1)        
"Act" shall mean the Securities Act of 1933, 15 U.S.C.
§§ 78a, et. seq. (2000); 

(2)        
"Rule 144" shall mean Securities and Exchange Commission Rule
144, 7 C.F.R. §§230.144, et seq.

(3)        
"Registration Statement" shall mean a registration statement
filed with the Securities and Exchange Commission for the purpose of a offering
to the public of stock.

(4)        
"SEC" shall mean the United States Securities and Exchange
Commission.

(5)        
"1934 Act" shall mean the Securities Exchange Act of 1934, 15
U.S.C. §§77a, et seq. (2000).

Agreements by Carson.

II.          
In acknowledgment of Nord's and Hicor's rescinding and revoking of the
Collateral Assignment, acknowledgment of Carson's claim to early retirement
benefits and other consideration Carson and Spouse agree:

A.          
Effective at the Closing Date, Carson and Spouse (to the extent of her
community interest) waive, relinquish and release any and all claims to
Retirement from Nord or Hicor.

B.          
Carson will relinquish his right or claim to the Policy to the extent
only that at the Closing .Date, Northwestern Mutual Life Insurance pay $120,000
U.S. directly to Nord and Hicor from the Life insurance Policy by wire transfer
to a specified account name and number as directed in writing by Nord and
Hicor, or their attorney of record in the Action.  Such payment is to be made
coincident with Nord and Hicor's satisfaction of the requirements of Section
III, and the Parties will cooperate with Northwestern Mutual Life Insurance to
execute all such forms or documents as required to effect the payment on a
timely basis in accordance with this Agreement, including the "surrender
of paid up additions" form attached as Exhibit 2.  Nord will cooperate
with Cason to structure the transaction involving the payment in a manner to
minimize Carson's tax liabilities, so long as such cooperation does not subject
Nord or Hicor to increased tax liability and is legally appropriate under the
United States tax laws and state tax laws.

 

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C.          
At the Closing Date, Carson and Spouse will authorize their attorney of
record in the Action to lodge a dismissal with prejudice with the Court in the
Action, as attached as Exhibit 1. 

Agreements by Nord Pacific and Hicor

III.        
In acknowledgment of Carson's claims for early retirement benefits,
relinquishment of all such benefits and in consideration of the payment to be
received by them and other consideration Nord and Hicor agree:

A.          
Nord and Hicor disavow any right, title or interest in the Insurance
Policy and acknowledge that the policy has been the property of Carson since
1991. Nord and Hicor will therefore rescind and revoke the Collateral
Assignment and execute the Release of Assignment attached as Exhibit 3.

B.          
At the Closing Date, Nord and Hicor will authorize their attorney of
record in the Action to lodge a dismissal with prejudice with the Court in the
Action.

IV.        
Mutual Agreements--Issuance of Stock:

 

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A.          
On or before February 1, 2005, Nord. its successor in interest or
survivor corporation shall issue 1,431,482 shares of Stock to Carson, his
Spouse. their devisee, heir or legal representative on the following terms:

(1)         
Stock issued under this Section IV shall be restricted stock which can
only be sold under an exemption from registration under the Act or upon
compliance with the requirements of Rule 144 or upon registration of Carson's
Stock under the Act.  Stock certificates will bear a legend giving notice of
the Stock restrictions.  Carson's sale of the Stock during the holding period
of Rule 144 or removal of the restrictive legend in accordance with Rule 144 is
subject to Carson's furnishing an opinion of counsel satisfactory to Nord
supporting the action.  Carson shall pay any exchange listing fee, if required.

(2)         
If, during the period of resale restriction provided by Rule 144. Nord
files a Registration Statement for Stock, Nord will -- at no charge to Carson
-- include the Carson Stock in the shares of Stock included in the Nord
Registration Statement, and shall use its best efforts to qualify such shares
with Nord's own registration of Stock.

 

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(3)         
In the event of any change in Stock by reason of a stock dividend,
split-up, reverse split, recapitalization, combination, merger, exchange of
shares or similar transaction, the type and number of shares or securities
subject to issue under Section IVA shall be adjusted appropriately, and proper
provision shall be made in the agreements governing such transaction, so that
Carson shall receive upon issue of the Stock or its replacement the number and
class of shares or other securities that Carson would have received in respect
of Stock if the issue of Stock had occurred immediately prior to such event or
the record date therefore, as applicable.  The Parties intend that Nord's
obligation to issue Stock under Section IV.A shall survive any merger or
consolidation and be binding on any surviving corporation where the
consideration is the exchange of stock or securities of the surviving
corporation for Stock.  In the event of a merger, consolidation or sale of
substantially all of the assets of Nord in which the consideration of the
transaction is cash, in whole or in part, Nord will issue the Stock under
Section. IV.A. immediately prior to the closing of such transaction and Carson
will thereafter receive the same consideration as any other Nord Shareholder;
provided that Carson will comply with Section IV.B. in all respects.  Prior to
any such event Nord shall furnish notice to Carson of any transaction involving
combination, merger, exchange of shares, sale of Nord or substantially all of
its assets, and the nature of the consideration for the transaction.

(4)         
If, on the date on which the shares are to be issued Carson is deceased,
Nord, its successor in interest or surviving corporation shall issue Stock to
Spouse, or other legal representative designated by Carson.  Spouse and
designee agree to be hound by the provisions of this Section IV.

 

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(5)         
Nord will cooperate with Carson or Spouse to structure the issuance of
Stock in a manner to minimize Carson's tax liabilities, so long as such
cooperation does not subject Nord or Hicor to increased tax liability and is
legally appropriate under the tax laws of the United States and any state
having taxing jurisdiction.

B.          
During the period commencing on the date that Nord issues Stock under
this Section IV(A), and for a period of twenty-four (24) months thereafter,
Carson, Spouse or their successors and assigns:

(1)         
will not directly or indirectly make, or in any way participate in, any
Solicitation of Proxies as defined by the 1934 Act to vote, solicit any consent
or communicate with or seek to advise or influence any person or entity with
respect the voting of any Nord Stock or engage, encourage, participate in or
support proxies in opposition to the then current Board of Directors of Nord,

(2)         
will not directly or indirectly purchase or acquire (except by death or
descent) additional shares of Stock;

(3)         
will vote the Stock at any annual or special meeting, or otherwise,
according to the recommendation of the Nord Board of Directors with respect to
election of directors or any other matter properly before the meeting.

C.          
The parties agree that paragraph 11 only of the Amended Severance
Agreement and General Release, effective December 31, 2000 shall continue to
apply, notwithstanding any provision of this Agreement.

 

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D.          
The parties agree to execute and to direct their lawyers to send to
Northwestern Mutual the letter of instructions attached as Exhibit 4.  The
parties agree, represent and warrant that, except as stated in this Agreement,
they have not encumbered, assigned or conveyed any interest in the Policy.

V.          
Releases:

A.          
Effective at closing; except for enforcement of this Agreement Hicor and
Nord Pacific Ltd., on behalf of themselves, their respective boards of
directors, shareholders and all those who could claim by, through or under
them, hereby release Carson, his spouse, his heirs, devisees, assigns,
representatives and insurers of any and any all Claims of any nature whatsoever
from the beginning of time down through the date of execution of this
Agreement, known or unknown.  It is the intent of the parties that the Nord and
Hicor releasing parties relinquish each and every Claim, regardless of legal
theory or character, whether founded in contract, tort, statute or common law,
including but not limited to any claims under any securities law or regulation;
laws concerning governance of corporate affairs, liability of officers,
directors and/or employees of corporations; and misfeasance, intention
wrongdoing, mismanagement or misconduct of any time or kind at any time.  Without
limiting the generality of the foregoing, Nord and Hicor, on behalf of
themselves and others identified above, specifically release any Claims of any
nature whatsoever arising out of Carson's employment by either of them,
participation as an officer or director of either corporation, Claims relating
to any expenses or expense accounts, and each and every Claim of any nature
whatsoever, known or unknown, through the date of execution of this Agreement.

 

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B.          
Effective at closing, except for enforcement of this Agreement, Carson
(and Spouse, to the extent of her community interest), hereby release each and
every claim of any nature whatsoever which he could have against Nord Pacific
and/or Hicor, their officers and directors of any nature whatsoever from the
beginning of time down through the date of execution of this Settlement
Agreement.  Without limiting the generality of the foregoing, it is the intent
of Carson to release each and every claim for compensation, retirement
benefits, payment by Nord Pacific or Hicor only under the Amended Severance
Agreement, and each and every other claim of any nature. regardless of legal
theory or character, including claims arising under contract, tort, statute,
and/or common law.

VI.        
Other Terms:

A.          
The Parties warrant that no promise or inducement has been offered or
made to them except as herein set forth; that this Settlement Agreement is
executed without reliance on any statement or representation by the other party
or by any agents or employees of the other party concerning any fact, legal
issue, the value of Stock or the future of-Nord, or any other fact or matter
which may be material or relevant.

B.          
The Parties represent that the persons signing this Agreement are acting
under proper authority of such party and are legally competent to execute this
Agreement.

C.          
The parties understand that this Agreement is a compromise of disputed
Claims and Causes, and that the Agreement and Mutual Release is not to be
construed as an admission of liability on the part of any party hereto.  Each
party expressly denies liability therefor and intends merely to avoid further
litigation with respect to the Claims and Causes which the Parties have
asserted.

 

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D.          
The Parties understand that because Nord is a reporting company under
the 1934 Act, that the fact and general terms of the settlement must be
disclosed.  The Parties agree that they will cooperate in such disclosure and
Nord will furnish Carson with a copy of any release or 1934 Act report to be
disclosed or filed.  Any such report shall not include any detailed allegation
of disputes between the parties.

E.          
This Agreement shall be governed by the laws of the State of New Mexico
excluding its conflict or choice of law rules which would select the law of a
different jurisdiction.

F.          
This Agreement and the Mutual Release may be signed by the Parties in
counterparts and, if so signed, shall be enforceable to the same extent as if
all Parties signed one copy of this Agreement and/or the Mutual Release.

G.          
This Settlement Agreement and Release reflects the entire agreement
between the Parties, and may not be varied or amended except in writing signed
by the Parties.

H.          
If due to the bankruptcy filing by Nord Pacific or Hicor, for any reason
Carson does not receive and retain all consideration for this agreement and
property acknowledged to be his under this Agreement, then Carson shall have
the right at his election to enforce all claims released against Hicor and Nord
Pacific herein, notwithstanding the settlement and release provisions of-this
Agreement.

I.            
Nothing in this Agreement shall be construed to release or limit any
rights Carson and those claiming through him may have against Nord Resources
Corporation, including but not limited to Nord Resources' obligation under the
Amended Severance Agreement and to pay retirement benefits.

 

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J.           
Notice to the parties shall be provided in writing by first class mail
as provided below.

___________________________________

W.
Pierce Carson

Address:
___________________________

City/State/Zip
_______________________

____________________________________

Mariann
J. Carson

Address
_____________________________

City/State/Zip_________________________

 

_____________________________________

Nord
Pacific Limited

By:
__________________________________

Its:
__________________________________

Address_______________________________

City/State/Zip__________________________

______________________________________

Hicor
Corporation

By:
___________________________________

Its:
___________________________________

Address________________________________

City/State/Zip___________________________

 

13<PAGE>

EXHIBIT 10.1   2004 NON-QUALIFIED STOCK & STOCK OPTION PLAN

1.       PURPOSE OF PLAN

         1.1 This 2004 NON-QUALIFIED STOCK & STOCK OPTION PLAN (the "Plan") of
American IDC Corp., a Florida corporation (the "Company") for employees,
officers, directors, consultants and other persons associated with the Company,
is intended to advance the best interests of the Company by providing those
persons who have a substantial responsibility for its management and growth with
additional incentive and by increasing their proprietary interest in the success
of the Company, thereby encouraging them to maintain their relationships with
the Company. Further, the availability and offering of stock options and common
stock under the Plan supports and increases the Company's ability to attract and
retain individuals of exceptional talent upon whom, in large measure, the
sustained progress, growth and profitability of the Company depends.

2.       DEFINITIONS

         2.1 For Plan purposes, except where the context might clearly indicate
otherwise, the following terms shall have the meanings set forth below:

         "Board" shall mean the Board of Directors of the Company.

         "Committee" shall mean the Compensation Committee, or such other
committee appointed by the Board, which shall be designated by the Board to
administer the Plan, or the Board if no committees have been established. The
Committee shall be composed of three or more persons as from time to time are
appointed to serve by the Board. Each member of the Committee, while serving as
such, shall be a disinterested person with the meaning of Rule 16b-3 promulgated
under the Securities Exchange Act of 1934.

         "Common Shares" shall mean the Company's Common Shares, $.001 par value
per share, or, in the event that the outstanding Common Shares are hereafter
changed into or exchanged for different shares of securities of the Company,
such other shares or securities.

         "Company" shall mean American IDC Corp., a Florida corporation, and any
parent or subsidiary corporation of American IDC Corp., as such terms are
defined in Sections 425(e) and 425(f), respectively, of the Code.

         "Fair Market Value" shall mean, with respect to the date a given stock
option is granted or exercised, the average of the highest and lowest reported
sales prices of the Common Shares, as reported by such responsible reporting
service as the Committee may select, or if there were not transactions in the
Common Shares on such day, then the last preceding day on which transactions
took place. The above withstanding, the Committee may determine the Fair Market
Value in such other manner as it may deem more equitable for Plan purposes or as
is required by applicable laws or regulations.

         "Optionee" shall mean an employee of the company who has been granted
one or more Stock Options under the Plan.

         "Common Stock" shall mean shares of common stock which are issued by
the Company pursuant to Section 5, below.

         "Common Stockholder" means the employee of, consultant to, or director
of the Company or other person to whom shares of Common Stock are issued
pursuant to this Plan.

         "Common Stock Agreement" means an agreement executed by a Common
Stockholder and the Company as contemplated by Section 5, below, which imposes
on the shares of Common Stock held by the Common Stockholder such restrictions
as the Board or Committee deem appropriate.

         "Stock Option" or "Non-Qualified Stock Option" or "NQSO" shall mean a
stock option granted pursuant to the terms of the Plan.

         "Stock Option Agreement" shall mean the agreement between the Company
and the Optionee under which the Optionee may purchase Common Shares hereunder.

3.       ADMINISTRATION OF THE PLAN

         3.1 The Committee shall administer the Plan and accordingly, it shall
have full power to grant Stock Options and Common Stock, construe and interpret
the Plan, establish rules and regulations and perform all other acts, including
the delegation of administrative responsibilities, it believes reasonable and
proper.

         3.2 The determination of those eligible to receive Stock Options and
Common Stock, and the amount, type and timing of each grant and the terms and
conditions of the respective stock option agreements and Common stock agreements
shall rest in the sole discretion of the Committee, subject to the provisions of
the Plan.

         3.3 The Committee may cancel any Stock Options awarded under the Plan
if an Optionee conducts himself in a manner which the Committee determines to be
inimical to the best interest of the Company, as set forth more fully in
paragraph 8 of Article 11 of the Plan.

         3.4 The Board, or the Committee, may correct any defect, supply any
omission or reconcile any inconsistency in the Plan, or in any granted Stock
Option, in the manner and to the extent it shall deem necessary to carry it into
effect.

         3.5 Any decision made, or action taken, by the Committee or the Board
arising out of or in connection with the interpretation and administration of
the Plan shall be final and conclusive.

         3.6 Meetings of the Committee shall be held at such times and places as
shall be determined by the Committee. A majority of the members of the Committee
shall constitute a quorum for the transaction of business, and the vote of a
majority of those members present at any meeting shall decide any question
brought before that meeting. In addition, the Committee may take any action
otherwise proper under the Plan by the affirmative vote, taken without a
meeting, of a majority of its members.

         3.7 No member of the Committee shall be liable for any act or omission
of any other member of the Committee or for any act or omission on his own part,
including, but not limited to, the exercise of any power or discretion given to
him under the Plan, except those resulting from his own gross negligence or
willful misconduct.

         3.8 The Company, through its management, shall supply full and timely
information to the Committee on all matters relating to the eligibility of
Optionees, their duties and performance, and current information on any
Optionee's death, retirement, disability or other termination of association
with the Company, and such other pertinent information as the Committee may
require. The Company shall furnish the Committee with such clerical and other
assistance as is necessary in the performance of its duties hereunder.

4.       SHARES SUBJECT TO THE PLAN

         4.1 The total number of shares of the Company available for grants of
Stock Options and Common Stock under the Plan shall be 6,000,000 Common Shares,
subject to adjustment in accordance with Article 7 of the Plan, which shares may
be either authorized but unissued or reacquired Common Shares of the Company.

         4.2 If a Stock Option or portion thereof shall expire or terminate for
any reason without having been exercised in full, the unpurchased shares covered
by such NQSO shall be available for future grants of Stock Options.

5.       AWARD OF COMMON STOCK

         5.1 The Board or Committee from time to time, in its absolute
discretion, may (a) award Common Stock to employees of, consultants to, and
directors of the Company, and such other persons as the Board or Committee may
select, and (b) permit Holders of Options to exercise such Options prior to full
vesting therein and hold the Common Shares issued upon exercise of the Option as
Common Stock. In either such event, the owner of such Common Stock shall hold
such stock subject to such vesting schedule as the Board or Committee may impose
or such vesting schedule to which the Option was subject, as determined in the
discretion of the Board or Committee.

         5.2 Common Stock shall be issued only pursuant to a Common Stock
Agreement, which shall be executed by the Common Stockholder and the Company and
which shall contain such terms and conditions as the Board or Committee shall
determine consistent with this Plan, including such restrictions on transfer as
are imposed by the Common Stock Agreement.

         5.3 Upon delivery of the shares of Common Stock to the Common
Stockholder, below, the Common Stockholder shall have, unless otherwise provided
by the Board or Committee, all the rights of a stockholder with respect to said
shares, subject to the restrictions in the Common Stock Agreement, including the
right to receive all dividends and other distributions paid or made with respect
to the Common Stock.

         5.4. Notwithstanding anything in this Plan or any Common Stock
Agreement to the contrary, no Common Stockholders may sell or otherwise
transfer, whether or not for value, any of the Common Stock prior to the date on
which the Common Stockholder is vested therein.

         5.5 All shares of Common Stock issued under this Plan (including any
shares of Common Stock and other securities issued with respect to the shares of
Common Stock as a result of stock dividends, stock splits or similar changes in
the capital structure of the Company) shall be subject to such restrictions as
the Board or Committee shall provide, which restrictions may include, without
limitation, restrictions concerning voting rights, transferability of the Common
Stock and restrictions based on duration of employment with the Company, Company
performance and individual performance; provided that the Board or Committee
may, on such terms and conditions as it may determine to be appropriate, remove
any or all of such restrictions. Common Stock may not be sold or encumbered
until all applicable restrictions have terminated or expire. The restrictions,
if any, imposed by the Board or Committee or the Board under this Section 5 need
not be identical for all Common Stock and the imposition of any restrictions
with respect to any Common Stock shall not require the imposition of the same or
any other restrictions with respect to any other Common Stock.

         5.6 Each Common Stock Agreement shall provide that the Company shall
have the right to repurchase from the Common Stockholder the unvested Common
Stock upon a termination of employment, termination of directorship or
termination of a consultancy arrangement, as applicable, at a cash price per
share equal to the purchase price paid by the Common Stockholder for such Common
Stock.

         5.7 In the discretion of the Board or Committee, the Common Stock
Agreement may provide that the Company shall have the a right of first refusal
with respect to the Common Stock and a right to repurchase the vested Common
Stock upon a termination of the Common Stockholder's employment with the
Company, the termination of the Common Stockholder's consulting arrangement with
the Company, the termination of the Common Stockholder's service on the
Company's Board, or such other events as the Board or Committee may deem
appropriate.

         5.8 The Board or Committee shall cause a legend or legends to be placed
on certificates representing shares of Common Stock that are subject to
restrictions under Common Stock Agreements, which legend or legends shall make
appropriate reference to the applicable restrictions.

6.       STOCK OPTION TERMS AND CONDITIONS

         6.1 Consistent with the Plan's purpose, Stock Options may be granted to
non-employee directors of the Company or other persons who are performing or who
have been engaged to perform services of special importance to the management,
operation or development of the Company.

         6.2 All Stock Options granted under the Plan shall be evidenced by
agreements which shall be subject to applicable provisions of the Plan, and such
other provisions as the Committee may adopt, including the provisions set forth
in paragraphs 2 through 11 of this Section 6.

         6.3 All Stock Options granted hereunder must be granted within ten
years from the earlier of the date of this Plan is adopted or approved by the
Company's shareholders.

         6.4 No Stock Option granted to any employee or 10% Shareholder shall be
exercisable after the expiration of ten years from the date such NQSO is
granted. The Committee, in its discretion, may provide that an Option shall be
exercisable during such ten year period or during any lesser period of time.

                  The Committee may establish installment exercise terms for a
Stock Option such that the NQSO becomes fully exercisable in a series of
cumulating portions. If an Optionee shall not, in any given installment period,
purchase all the Common Shares which such Optionee is entitled to purchase
within such installment period, such Optionee's right to purchase any Common
Shares not purchased in such installment period shall continue until the
expiration or sooner termination of such NQSO. The Committee may also accelerate
the exercise of any NQSO. However, no NQSO, or any portion thereof, may be
exercisable until thirty (30) days following date of grant ("30-Day Holding
Period.").

         6.5 A Stock Option, or portion thereof, shall be exercised by delivery
of (i) a written notice of exercise of the Company specifying the number of
common shares to be purchased, and (ii) payment of the full price of such Common
Shares, as fully set forth in paragraph 6 of this Section 6.

                  No NQSO or installment thereof shall be exercisable except
with respect to whole shares, and fractional share interests shall be
disregarded. Not less than 100 Common Shares may be purchased at one time unless
the number purchased is the total number at the time available for purchase
under the NQSO. Until the Common Shares represented by an exercised NQSO are
issued to an Optionee, he shall have none of the rights of a shareholder.

         6.6 The exercise price of a Stock Option, or portion thereof, may be
paid:

                  A. In United States dollars, in cash or by cashier's check,
certified check, bank draft or money order, payable to the order of the Company
in an amount equal to the option price; or

                  B. At the discretion of the Committee, through the delivery of
fully paid and nonassessable Common Shares, with an aggregate Fair Market Value
on the date the NQSO is exercised equal to the option price, provided such
tendered Shares have been owned by the Optionee for at least one year prior to
such exercise; or

                  C. By a combination of both A and B above.

                  The Committee shall determine acceptable methods for tendering
Common Shares as payment upon exercise of a Stock Option and may impose such
limitations and prohibitions on the use of Common Shares to exercise an NQSO as
it deems appropriate.

         6.7 With the Optionee's consent, the Committee may cancel any Stock
Option issued under this Plan and issue a new NQSO to such Optionee.

         6.8 Except by will or the laws of descent and distribution, no right or
interest in any Stock Option granted under the Plan shall be assignable or
transferable, and no right or interest of any Optionee shall be liable for, or
subject to, any lien, obligation or liability of the Optionee. Stock Options
shall be exercisable during the Optionee's lifetime only by the Optionee or the
duly appointed legal representative of an incompetent Optionee.

         6.9 If the Optionee shall die while associated with the Company or
within three months after termination of such association, the personal
representative or administrator of the Optionee's estate or the person(s) to
whom an NQSO granted hereunder shall have been validly transferred by such
personal representative or administrator pursuant to the Optionee's will or the
laws of descent and distribution, shall have the right to exercise the NQSO for
one year after the date of the Optionee's death, to the extent (i) such NQSO was
exercisable on the date of such termination of employment by death, and (ii)
such NQSO was not exercised, and (iii) the exercise period may not be extended
beyond the expiration of the term of the Option.

                  No transfer of a Stock Option by the will of an Optionee or by
the laws of descent and distribution shall be effective to bind the Company
unless the Company shall have been furnished with written notice thereof and an
authenticated copy of the will and/or such other evidence as the Committee may
deem necessary to establish the validity of the transfer and the acceptance by
the transferee or transferee of the terms and conditions by such Stock Option.

                  In the event of death following termination of the Optionee's
association with the Company while any portion of an NQSO remains exercisable,
the Committee, in its discretion, may provide for an extension of the exercise
period of up to one year after the Optionee's death but not beyond the
expiration of the term of the Stock Option.

         6.10 Any Optionee who disposes of Common Shares acquired on the
exercise of a NQSO by sale or exchange either (i) within two years after the
date of the grant of the NQSO under which the stock was acquired, or (ii) within
one year after the acquisition of such Shares, shall notify the Company of such
disposition and of the amount realized upon such disposition. The transfer of
Common Shares may also be Common by applicable provisions of the Securities Act
of 1933, as amended.

7.       ADJUSTMENTS OR CHANGES IN CAPITALIZATION

         7.1 In the event that the outstanding Common Shares of the Company are
hereafter changed into or exchanged for a different number or kind of shares or
other securities of the Company by reason of merger, consolidation, other
reorganization, recapitalization, reclassification, combination of shares, stock
split-up or stock dividend:

                  A. Prompt, proportionate, equitable, lawful and adequate
adjustment shall be made of the aggregate number and kind of shares subject to
Stock Options which may be granted under the Plan, such that the Optionee shall
have the right to purchase such Common Shares as may be issued in exchange for
the Common Shares purchasable on exercise of the NQSO had such merger,
consolidation, other reorganization, recapitalization, reclassification,
combination of shares, stock split-up or stock dividend not taken place;

                  B. Rights under unexercised Stock Options or portions thereof
granted prior to any such change, both as to the number or kind of shares and
the exercise price per share, shall be adjusted appropriately, provided that
such adjustments shall be made without change in the total exercise price
applicable to the unexercised portion of such NQSO's but by an adjustment in the
price for each share covered by such NQSO's; or

                  C. Upon any dissolution or liquidation of the Company or any
merger or combination in which the Company is not a surviving corporation, each
outstanding Stock Option granted hereunder shall terminate, but the Optionee
shall have the right, immediately prior to such dissolution, liquidation, merger
or combination, to exercise his NQSO in whole or in part, to the extent that it
shall not have been exercised, without regard to any installment exercise
provisions in such NQSO.

         7.2 The foregoing adjustments and the manner of application of the
foregoing provisions shall be determined solely by the Committee, whose
determination as to what adjustments shall be made and the extent thereof, shall
be final, binding and conclusive. No fractional Shares shall be issued under the
Plan on account of any such adjustments.

8.       MERGER, CONSOLIDATION OR TENDER OFFER

         8.1 If the Company shall be a party to a binding agreement to any
merger, consolidation or reorganization or sale of substantially all the assets
of the Company, each outstanding Stock Option shall pertain and apply to the
securities and/or property which a shareholder of the number of Common Shares of
the Company subject to the NQSO would be entitled to receive pursuant to such
merger, consolidation or reorganization or sale of assets.

         8.2      In the event that:

                  A. Any person other than the Company shall acquire more than
20% of the Common Shares of the Company through a tender offer, exchange offer
or otherwise;

                  B. A change in the "control" of the Company occurs, as such
term is defined in Rule 405 under the Securities Act of 1933;

                  C. There shall be a sale of all or substantially all of the
assets of the Company;

any then outstanding Stock Option held by an Optionee, who is deemed by the
Committee to be a statutory officer ("Insider") for purposes of Section 16 of
the Securities Exchange Act of 1934 shall be entitled to receive, subject to any
action by the Committee revoking such an entitlement as provided for below, in
lieu of exercise of such Stock Option, to the extent that it is then
exercisable, a cash payment in an amount equal to the difference between the
aggregate exercise price of such NQSO, or portion thereof, and, (i) in the event
of an offer or similar event, the final offer price per share paid for Common
Shares, or such lower price as the Committee may determine to conform an option
to preserve its Stock Option status, times the number of Common Shares covered
by the NQSO or portion thereof, or (ii) in the case of an event covered by B or
C above, the aggregate Fair Market Value of the Common Shares covered by the
Stock Option, as determined by the Committee at such time.

         8.3 Any payment which the Company is required to make pursuant to
paragraph 8.2 of this Section 8 shall be made within 15 business days, following
the event which results in the Optionee's right to such payment. In the event of
a tender offer in which fewer than all the shares which are validly tendered in
compliance with such offer are purchased or exchanged, then only that portion of
the shares covered by an NQSO as results from multiplying such shares by a
fraction, the numerator of which is the number of Common Shares acquired
pursuant to the offer and the denominator of which is the number of Common
Shares tendered in compliance with such offer shall be used to determine the
payment thereupon. To the extent that all or any portion of a Stock Option shall
be affected by this provision, all or such portion of the NQSO shall be
terminated.

         8.4 Notwithstanding paragraphs 8.1 and 8.3 of this Section 8, the
Committee may, by unanimous vote and resolution, unilaterally revoke the
benefits of the above provisions; provided, however, that such vote is taken no
later than ten business days following public announcement of the intent of an
offer or the change of control, whichever occurs earlier.

9.       AMENDMENT AND TERMINATION OF PLAN

         9.1 The Board may at any time, and from time to time, suspend or
terminate the Plan in whole or in part or amend it from time to time in such
respects as the Board may deem appropriate and in the best interest of the
Company.

         9.2 No amendment, suspension or termination of this Plan shall, without
the Optionee's consent, alter or impair any of the rights or obligations under
any Stock Option theretofore granted to him under the Plan.

         9.3 The Board may amend the Plan, subject to the limitations cited
above, in such manner as it deems necessary to permit the granting of Stock
Options meeting the requirements of future amendments or issued regulations, if
any, to the Code.

         9.4 No NQSO may be granted during any suspension of the Plan or after
termination of the Plan.

10.      GOVERNMENT AND OTHER REGULATIONS

         10.1 The obligation of the Company to issue, transfer and deliver
Common Shares for Stock Options exercised under the Plan shall be subject to all
applicable laws, regulations, rules, orders and approval which shall then be in
effect and required by the relevant stock exchanges on which the Common Shares
are traded and by government entities as set forth below or as the Committee in
its sole discretion shall deem necessary or advisable. Specifically, in
connection with the Securities Act of 1933, as amended, upon exercise of any
Stock Option, the Company shall not be required to issue Common Shares unless
the Committee has received evidence satisfactory to it to the effect that the
Optionee will not transfer such shares except pursuant to a registration
statement in effect under such Act or unless an opinion of counsel satisfactory
to the Company has been received by the Company to the effect that such
registration is not required. Any determination in this connection by the
Committee shall be final, binding and conclusive. The Company may, but shall in
no event be obligated to, take any other affirmative action in order to cause
the exercise of a Stock Option or the issuance of Common Shares pursuant thereto
to comply with any law or regulation of any government authority.

11.      MISCELLANEOUS PROVISIONS

         11.1 No person shall have any claim or right to be granted a Stock
Option or Common Stock under the Plan, and the grant of an NQSO or Common Stock
under the Plan shall not be construed as giving an Optionee or Common
Stockholder the right to be retained by the Company. Furthermore, the Company
expressly reserves the right at any time to terminate its relationship with an
Optionee with or without cause, free from any liability, or any claim under the
Plan, except as provided herein, in an option agreement, or in any agreement
between the Company and the Optionee.

         11.2 Any expenses of administering this Plan shall be borne by the
Company.

         11.3 The payment received from Optionee from the exercise of Stock
Options under the Plan shall be used for the general corporate purposes of the
Company.

         11.4 The place of administration of the Plan shall be in the State of
Florida, and the validity, construction, interpretation, administration and
effect of the Plan and of its rules and regulations, and rights relating to the
Plan, shall be determined solely in accordance with the laws of the State of
Florida.

         11.5 Without amending the Plan, grants may be made to persons who are
foreign nationals or employed outside the United States, or both, on such terms
and conditions, consistent with the Plan's purpose, different from those
specified in the Plan as may, in the judgment of the Committee, be necessary or
desirable to create equitable opportunities given differences in tax laws in
other countries.

         11.6 In addition to such other rights of indemnification as they may
have as members of the Board or the Committee, the members of the Committee
shall be indemnified by the Company against all costs and expenses reasonably
incurred by them in connection with any action, suit or proceeding to which they
or any of them may be party by reason of any action taken or failure to act
under or in connection with the Plan or any Stock Option granted thereunder, and
against all amounts paid by them in settlement thereof (provided such settlement
is approved by independent legal counsel selected by the Company) or paid by
them in satisfaction of a judgment in any such action, suit or proceeding,
except a judgment based upon a finding of bad faith; provided that upon the
institution of any such action, suit or proceeding a Committee member shall, in
writing, give the Company notice thereof and an opportunity, at its own expense,
to handle and defend the same, with counsel acceptable to the Optionee, before
such Committee member undertakes to handle and defend it on his own behalf.

         11.7 Stock Options may be granted under this Plan from time to time, in
substitution for stock options held by employees of other corporations who are
about to become employees of the Company as the result of a merger or
consolidation of the employing corporation with the Company or the acquisition
by the Company of the assets of the employing corporation or the acquisition by
the Company of stock of the employing corporation as a result of which it
becomes a subsidiary of the Company. The terms and conditions of such substitute
stock options so granted may vary from the terms and conditions set forth in
this Plan to such extent as the Board of Directors of the Company at the time of
grant may deem appropriate to conform, in whole or in part, to the provisions of
the stock options in substitution for which they are granted, but no such
variations shall be such as to affect the status of any such substitute stock
options as a stock option under Section 422A of the Code.

         11.8 Notwithstanding anything to the contrary in the Plan, if the
Committee finds by a majority vote, after full consideration of the facts
presented on behalf of both the Company and the Optionee, that the Optionee has
been engaged in fraud, embezzlement, theft, insider trading in the Company's
stock, commission of a felony or proven dishonesty in the course of his
association with the Company or any subsidiary corporation which damaged the
Company or any subsidiary corporation, or for disclosing trade secrets of the
Company or any subsidiary corporation, the Optionee shall forfeit all
unexercised Stock Options and all exercised NQSO's under which the Company has
not yet delivered the certificates and which have been earlier granted to the
Optionee by the Committee. The decision of the Committee as to the cause of an
Optionee's discharge and the damage done to the Company shall be final. No
decision of the Committee, however, shall affect the finality of the discharge
of such Optionee by the Company or any subsidiary corporation in any manner.

12.      WRITTEN AGREEMENT

         12.1 Each Stock Option granted hereunder shall be embodied in a written
Stock Option Agreement which shall be subject to the terms and conditions
prescribed above and shall be signed by the Optionee and by the President or any
Vice President of the Company, for and in the name and on behalf of the Company.
Such Stock Option Agreement shall contain such other provisions as the
Committee, in its discretion shall deem advisable.

<PAGE>

Number of Shares: ______________________                  Date of Grant:________

                  FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT

         AGREEMENT made this ___ day of ___________ 200_, between
________________- (the "Optionee"), and American IDC Corp. (the "Company").

         1.       GRANT OF OPTION

                  The Company, pursuant to the provisions of the 2004
NON-QUALIFIED STOCK & STOCK OPTION PLAN (the "Plan"), adopted by the Board of
Directors on _________, 2004, the Company hereby grants to the Optionee, subject
to the terms and conditions set forth or incorporated herein, an option to
purchase from the Company all or any part of an aggregate of ______ shares of
its $.001 par value common stock, as such common stock is now constituted, at
the purchase price of $____ per share. The provisions of the Plan governing the
terms and conditions of the Option granted hereby are incorporated in full
herein by reference.

         2.       EXERCISE

                  The Option evidenced hereby shall be exercisable in whole or
in part on or after ___________ and on or before _________________________,
provided that the cumulative number of shares of common stock as to which this
Option may be exercised (except in the event of death, retirement, or permanent
and total disability, as provided in paragraph 6.9 of the Plan) shall not exceed
the following amounts:

         Cumulative Number                        Prior to Date
             of Shares                         (Note Inclusive of)
             ---------                         -------------------

The Option evidenced hereby shall be exercisable by the delivery to and receipt
by the Company of (i) written notice of election to exercise, in the form set
forth in Attachment B hereto, specifying the number of shares to be purchased;
(ii) accompanied by payment of the full purchase price thereof in cash or
certified check payable to the order of the Company, or by fully paid and
nonassessable common stock of the Company properly endorsed over to the Company,
or by a combination thereof, and (iii) by return of this Stock Option Agreement
for endorsement of exercise by the Company on Schedule I hereof. In the event
fully paid and nonassessable common stock is submitted as whole or partial
payment for shares to be purchased hereunder, such common stock will be valued
at their Fair Market Value (as defined in the Plan) on the date such shares
received by the Company are applied to payment of the exercise price.

         3.       TRANSFERABILITY

                  The Option evidenced hereby is not assignable or transferable
by the Optionee other than by the Optionee's will or by the laws of descent and
distribution, as provided in paragraph 6.9 of the Plan. The Option shall be
exercisable only by the Optionee during his lifetime.

                                           American IDC Corp.

                                           By:
                                           Name:
ATTEST:                                    Title:

________________________________
Secretary

         Optionee hereby acknowledges receipt of a copy of the Plan, attached
hereto and accepts this Option subject to each and every term and provision of
such Plan. Optionee hereby agrees to accept as binding, conclusive and final,
all decisions or interpretations of the of the Board of Directors administering
the Plan on any questions arising under such Plan. Optionee recognizes that if
Optionee's employment with the Company or any subsidiary thereof shall be
terminated without cause, or by the Optionee, prior to completion or
satisfactory performance by Optionee (except as otherwise provided in paragraph
6 of the Plan) all of the Optionee's rights hereunder shall thereupon terminate;
and that, pursuant to paragraph 6 of the Plan, this Option may not be exercised
while there is outstanding to Optionee any unexercised Stock Option granted to
Optionee before the date of grant of this Option.

Dated:____________                      ________________________________________
                                        Optionee

                                        ________________________________________
                                        Print Name

                                        ________________________________________
                                        Address

                                        ________________________________________
                                        Social Security No.

<PAGE>

ATTACHMENT B

                               NOTICE OF EXERCISE

To:      American IDC Corp.

         (1) The undersigned hereby elects to purchase ________ shares of Common
Shares (the "Common Shares"), of American IDC Corp. pursuant to the terms of the
attached Non-Qualified Stock Option Agreement, and tenders herewith payment of
the exercise price in full, together with all applicable transfer taxes, if any.

         (2) Please issue a certificate or certificates representing said shares
of Common Shares in the name of the undersigned or in such other name as is
specified below:

                    _______________________________
                    (Name)

                    _______________________________
                    (Address)
                    _______________________________

Dated:

                                                  ______________________________
                                                  Signature

<PAGE>

Optionee:__________________                   Date of Grant:____________________

                                   SCHEDULE I

=============== ================== ============== ================= ============
DATE            SHARES             PAYMENT        UNEXERCISED       ISSUING
                PURCHASED          RECEIVED       SHARES            OFFICER
                                                  REMAINING         INITIALS
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