Document:

HMZ METALS, INC.
                             2000 STOCK OPTION PLAN
                      NON-QUALIFIED STOCK OPTION AGREEMENT

         This Non-Qualified Stock Option Agreement (this "Agreement") is made
and entered into by and between HMZ Metals, Inc., a Delaware corporation
formerly known as Biogan International, Inc. (the "Company"), and
__________________ (the "Optionee"), as of _______________ ("Date of Grant"). If
the Optionee is presently or subsequently becomes employed by a subsidiary of
the Company, the term "Company" shall be deemed to refer collectively to HMZ
Metals, Inc. and the subsidiary or subsidiaries that employ the Optionee.

                                 R E C I T A L S
                                 ---------------

         A. The Board of Directors of the Company (the "Board") has adopted the
HMZ Metals, Inc. 2000 Stock Option Plan (the "Plan") as an employee incentive to
retain key employees, directors and consultants of the Company and to enhance
the ability of the Company to attract new employees, directors and consultants
whose services are considered unusually valuable by providing an opportunity to
have a proprietary interest in the success of the Company.

         B. The Committee established to administer the Plan ("Committee") has
approved the granting of options to the Optionee pursuant to the Plan to provide
an incentive to the Optionee to focus on the long-term growth of the Company.

                                    AGREEMENT
                                    ---------

         In consideration of the mutual covenants and conditions hereinafter set
forth and for other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Optionee agree as follows:

                  1. GRANT OF OPTION. The Company hereby grants to the Optionee
the right and option ("Option") to purchase an aggregate of ______________
shares (such number being subject to adjustment as provided in paragraph 10
hereof and Section 13 of the Plan) of the Common Stock of HMZ Metals, Inc.
("Stock") on the terms and conditions herein set forth. This Option may be
exercised in whole or in part and from time to time as hereinafter provided. The
Option granted under this Agreement is NOT intended to be an "incentive stock
option" as set forth in Section 422 of the Internal Revenue Code of 1986, as
amended.

                  2. VESTING OF OPTION. The Option shall vest and become
exercisable in accordance with the schedule below:

                  For each of ___________ months, beginning on _______________,
                  and ending on _________________, ________ shares subject to
                  the Option shall become vested and exercisable. On
                  ____________, _________ shares subject to the Option shall be
                  vested and exercisable, at which time 100% of the Stock
                  subject to the Option shall be vested and exercisable.

<PAGE>

                  3. PURCHASE PRICE. The price at which the Optionee shall be
entitled to purchase the Stock covered by the Option shall be $_____ per share.

                  4. TERM OF OPTION. The Option granted under this Agreement
shall expire, unless otherwise exercised, ten years from the Date of Grant,
through and including the normal close of business of the Company on
_______________ ("Expiration Date"), subject to earlier termination as provided
in paragraph 8 hereof.

                  5. EXERCISE OF OPTION. The Option may be exercised by the
Optionee as to all or any part of the Stock then vested by delivery to the
Company of written notice of exercise and payment of the purchase price as
provided in paragraphs 6 and 7 hereof.

                  6. METHOD OF EXERCISING OPTION. Subject to the terms and
conditions of this Agreement, the Option may be exercised by timely delivery to
the Company of written notice, which notice shall be effective on the date
received by the Company ("Effective Date"). The notice shall state the
Optionee's election to exercise the Option, the number of shares in respect of
which an election to exercise has been made, the method of payment elected (see
paragraph 7 hereof), the exact name or names in which the shares will be
registered, and the taxpayer identification number of the Optionee. Such notice
shall be signed by the Optionee and shall be accompanied by payment of the
purchase price of such shares. If the Option is exercised by a person or persons
other than Optionee pursuant to paragraph 8 hereof, such notice shall be signed
by such other person or persons and shall be accompanied by proof acceptable to
the Company of the legal right of such person or persons to exercise the Option.
All shares delivered by the Company upon exercise of the Option shall be fully
paid and nonassessable upon delivery.

                  7. METHOD OF PAYMENT FOR OPTIONS. Payment for shares purchased
upon the exercise of the Option shall be made by the Optionee in cash or such
other method permitted by the Committee and communicated to the Optionee in
writing prior to the date the Optionee exercises all or any portion of the
Option.

                  8. TERMINATION OF EMPLOYMENT.

                           8.1. GENERAL. If the Optionee terminates employment
for any other reason than for Cause (as that term is defined in the Plan) or
voluntary resignation of any agreement to remain in the employ of the Company,
then the Optionee may at any time within three months after the effective date
of termination of employment exercise the Option to the extent that the Optionee
was entitled to exercise the Option at the date of termination, provided that in
no event shall the Option be exercisable after the Expiration Date. If the
Optionee terminates employment for Cause or voluntary resignation of any
agreement to remain in the employ of the Company, the Optionee may at any time
within 30 days after the effective date of such termination of employment
exercise the Option to the extent that the Optionee was entitled to exercise the
Option at the date of termination, provided that in no event shall the Option,
or any part thereof, be exercisable after the Expiration Date.

                                       2
<PAGE>

                           8.2. DEATH OR DISABILITY OF OPTIONEE. In the event of
the death or Disability (as that term is defined in the Plan) of the Optionee
within a period during which the Option, or any part thereof, could have been
exercised by the Optionee, including three months after termination of
employment other than for Cause or voluntary resignation of any agreement to
remain in the employ of the Company ("Option Period"), the Option shall lapse
unless it is exercised within the Option Period and in no event later than 12
months after the date of the Optionee's death or Disability by the Optionee or
the Optionee's legal representative or representatives in the case of a
Disability or, in the case of death, by the person or persons entitled to do so
under the Optionee's last will and testament or, if the Optionee fails to make a
testamentary disposition of such Option or shall die intestate, by the person or
persons entitled to receive such Option under the applicable laws of descent and
distribution. An Option may be exercised following the death or Disability of
the Optionee only if the Option was exercisable by the Optionee immediately
prior to his or her death or Disability. In no event shall the Option be
exercisable after the Expiration Date. The Committee shall have the right to
require evidence satisfactory to it of the rights of any person or persons
seeking to exercise the Option under this paragraph 8 to exercise the Option.

                  9. NONTRANSFERABILITY. The Option granted by this Agreement
shall be exercisable only during the term of the Option provided in paragraph 4
hereof and, except as provided in paragraph 8 above, only by the Optionee during
his lifetime and while an Optionee of the Company. This Option shall not be
transferable by the Optionee or any other person claiming through the Optionee,
either voluntarily or involuntarily, except by will or the laws of descent and
distribution or such other events as are set forth in the Plan.

                  10. ADJUSTMENTS IN NUMBER OF SHARES AND OPTION PRICE. In the
event of a stock dividend or in the event the Stock shall be changed into or
exchanged for a different number or class of shares of stock of the Company or
of another corporation, whether through reorganization, recapitalization, stock
split-up, combination of shares, merger or consolidation, there shall be
substituted for each such remaining share of Stock then subject to this Option
the number and class of shares of stock into which each outstanding share of
Stock shall be so exchanged, all without any change in the aggregate purchase
price for the shares then subject to the Option, all as set forth in Section 13
of the Plan.

                  11. DELIVERY OF SHARES. No shares of Stock shall be delivered
upon exercise of the Option until (i) the purchase price shall has been paid in
full in the manner herein provided; (ii) applicable taxes required to be
withheld have been paid or withheld in full; (iii) approval of any governmental
authority required in connection with the Option, or the issuance of shares
thereunder, has been received by the Company; and (iv) if required by the
Committee, the Optionee has delivered to the Committee an Investment Letter in
form and content satisfactory to the Company as provided in paragraph 12 hereof.

                                       3
<PAGE>

                  12. SECURITIES ACT. The Company shall not be required to
deliver any shares of Stock pursuant to the exercise of all or any part of the
Option if, in the opinion of counsel for the Company, such issuance would
violate the Securities Act of 1933, as amended (the "1933 Act") or any other
applicable federal or state securities laws or regulations. The Committee may
require that the Optionee, prior to the issuance of any such shares pursuant to
exercise of the Option, sign and deliver to the Company a written statement
("Investment Letter") stating (i) that the Optionee is purchasing the shares for
investment and not with a view to the sale or distribution thereof; (ii) that
the Optionee will not sell any shares received upon exercise of the Option or
any other shares of the Company that the Optionee may then own or thereafter
acquire except either (a) through a broker on a national securities exchange or
(b) with the prior written approval of the Company; and (iii) containing such
other terms and conditions as counsel for the Company may reasonably require to
assure compliance with the 1933 Act or other applicable federal or state
securities laws and regulations. Such Investment Letter shall be in form and
content acceptable to the Committee in its sole discretion.

                  13. FEDERAL AND STATE TAXES. Upon exercise of the Option, or
any part thereof, the Optionee may incur certain liabilities for federal, state
or local taxes and the Company may be required by law to withhold such taxes for
payment to taxing authorities. Upon determination by the Company of the amount
of taxes required to be withheld, if any, with respect to the shares to be
issued pursuant to the exercise of the Option, the Optionee shall pay all
federal state and local tax withholding requirements to the Company.

                  14. DEFINITIONS; COPY OF PLAN. To the extent not specifically
provided herein, all capitalized terms used in this Agreement shall have the
same meanings ascribed to them in the Plan. By the execution of this Agreement,
the Optionee acknowledges receipt of a copy of the Plan.

                  15. ADMINISTRATION. This Agreement shall at all times be
subject to the terms and conditions of the Plan and the Plan shall in all
respects be administered by the Committee in accordance with the terms of and as
provided in the Plan. The Committee shall have the sole and complete discretion
with respect to all matters reserved to it by the Plan and decisions of the
majority of the Committee with respect thereto and to this Agreement shall be
final and binding upon the Optionee and the Company. In the event of any
conflict between the terms and conditions of this Agreement and the Plan, the
provisions of the Plan shall control.

                  16. CONTINUATION OF EMPLOYMENT. This Agreement shall not be
construed to confer upon the Optionee any right to continue in the employ of the
Company and shall not limit the right of the Company, in its sole discretion, to
terminate the employment of the Optionee at any time.

                  17. OBLIGATION TO EXERCISE. The Optionee shall have no
obligation to exercise any option granted by this Agreement.

                  18. GOVERNING LAW. This Agreement shall be interpreted and
administered under the laws of the State of California.

                                       4
<PAGE>

                  19. AMENDMENTS. This Agreement may be amended only by a
written agreement executed by the Company and the Optionee. The Company and the
Optionee acknowledge that changes in federal tax laws enacted subsequent to the
Date of Grant, and applicable to stock options, may provide for tax benefits to
the Company or the Optionee. In any such event, the Company and the Optionee
agree that this Agreement may be amended as necessary to secure for the Company
and the Optionee any benefits that may result from such legislation. Any such
amendment shall be made only upon the mutual consent of the parties, which
consent (of either party) may be withheld for any reason.

         IN WITNESS WHEREOF, the Company has caused this Agreement to be duly
executed by its officer thereunto duly authorized and the Optionee has hereunto
set his or her hand as of the date first written above.

HMZ METALS, INC.

By: _______________________________              _______________________________
    Gilles LaVerdiere, President                 Optionee

                                       5STATEMENT OF DESIGNATIONS
                                     OF THE
                          PREFERENCES OF THE SERIES OF
                             THE PREFERRED STOCK OF
                           BIOGAN INTERNATIONAL, INC.
                                TO BE DESIGNATED
                      SERIES A CONVERTIBLE PREFERRED STOCK

         BIOGAN INTERNATIONAL, INC., a Delaware corporation (the "Corporation"),
pursuant to Article Fourth of its Certificate of Incorporation and Section
151(g) of the General Corporation Law of the State of Delaware (the "GCL")
certifies that the Board of Directors of the Corporation duly by unanimous
written consent signed February 25, 2000 the following resolutions providing for
the issuance of a series of Preferred Stock to be designated the Series A
Convertible Preferred Stock, par value $.001, and to consist of 31,300 shares:

RESOLVED, that the Corporation is authorized to issue a series of Preferred
Stock to be designated the Series A Convertible Preferred Stock, $.001 par value
(the "Series A Preferred"), to consist of 31,300 shares; and it is further

RESOLVED, that the powers, designations, preferences and rights and
qualifications, limitations and restrictions on all of the Series A Preferred
shall be as follows:

1. ISSUANCE. The series of Preferred Stock designated as the Series A Preferred
shall consist of 31,300 shares.

2. DIVIDENDS. The holders of shares of the Series A Preferred shall not be
entitled to receive any dividends. Such holders shall receive thirty (30) days
prior notice of the setting of a record date for the declaration of any dividend
on the Common Stock of the Corporation ("Common Stock").

3. RIGHTS ON LIQUIDATION, DISSOLUTION AND WINDING UP.

(a) Upon any voluntary or-involuntary liquidation, dissolution or winding up of
the affairs of the Corporation, each holder of shares of the Series A Preferred
shall be entitled to receive, out of the assets of the Corporation available for
distribution to stockholders before such payments are made to holders of any
junior stock and to holders of Common Stock, for each share of the Series A
Preferred held at the time of such liquidation, dissolution or winding up, (i)
an amount equal to $1.00 subject to proportional adjustment in the event of any
recapitalization of the shares of the Series A Preferred or any other capital
stock of the Corporation (ii) plus an amount equal to the amount that would have
been received by such holder had such holders converted to Common Stock
immediately prior to such voluntary or-involuntary liquidation, dissolution or
winding up of the affairs of the Corporation (the "Liquidation Value").

(b) The sale, conveyance, exchange or transfer (for cash, shares of stock,
securities or other consideration) of all or substantially all the property and
assets of the Corporation and the merger or consolidation of the Corporation
into or with any other corporation or the merger or consolidation of any other
corporation into or with the Corporation (other than any such transaction with
an Affiliate of any stockholder of the Corporation on the date which is one day
before the day the merger is filed with the Secretary of State of Delaware)
shall be deemed to be a dissolution, liquidation or winding up,

<PAGE>

voluntary or involuntary, for the purposes of this Section 3. "Affiliate" means,
with respect to any designated Person, any other Person that has a relationship
with the designated Person whereby either of such Persons directly or indirectly
controls, or is controlled by, or is under common control with, the other of
such Persons. "Person" means any individual, corporation, partnership, business
trust, joint venture, association, group joint stock company, trust,
unincorporated association, or any other entity, or any governmental or agency
or political subdivisions thereof.

(c) After payment in cash to the holders of the shares of the Series A Preferred
of the full preferential amounts fixed hereby for the shares of the Series A
Preferred, the holders of such shares as such shall have no right or claim to
any of the remaining assets of the Corporation.

(d) In the event the assets of the Corporation available for distribution to the
holders of shares of the Series A Preferred upon dissolution, liquidation or
winding up of the Corporation, whether voluntary or involuntary, shall be
insufficient to pay in full all amounts to which such holders are entitled
pursuant to this Section 3, no such distributions shall be on account of any
shares or any other class or series of capital stock of the Corporation ranking
on a parity with the shares of the Series A Preferred upon such dissolution,
liquidation or winding up unless proportionate distributive amounts shall be
paid on account of the shares of Series A Preferred, ratably, in proportion to
the full distributable amounts for which holders of all such parity shares are
respectively entitled upon such dissolution, liquidation or winding up.

(e) In the event of any voluntary or involuntary liquidation, dissolution or
winding up of the Corporation, the Corporation shall, within ten days after the
date on which the Board if Directors approves such action, or within 30 days
prior to any stockholders' meeting called to approve such action, or within 20
days after the commencement of any involuntary proceeding, whichever is earlier,
give each holder of shares of the Series A Preferred written notice of the
proposed action. Such written notice shall describe the material terms and
conditions of such proposed action, including a description of the stock, cash,
and property to be received by the holders of shares of the Series A Preferred
upon consummation of the proposed action and the date of delivery thereof. If
any material change in the facts set forth in the notice shall occur, the
Corporation shall promptly give written notice to each holder of shares of the
Series A Preferred of such material change. The Corporation shall not consummate
any voluntary or involuntary liquidation, dissolution, or winding up of the
Corporation before the expiration of 30 days after the mailing of the notice or
ten days after the mailing of any subsequent written notice, whichever is later;
provided that any such 30-day or ten-day period may be shortened upon the
written consent of the holders of a majority of the outstanding shares of the
Series A Preferred.

4. CONVERSION, VOTING AND ELECTION OF DIRECTORS.

(a) A holder of shares of the Series A Preferred, may, at the holder's option,
at any time, convert on a one for one basis, each share into 12,000 shares of
Common Stock. If there are not sufficient shares of common stock authorized to
allow such conversion then the shares of Series A Preferred may not be
converted.

(b) In order to exercise the conversion privilege, the holder of any shares of
the Series A Preferred to be converted shall surrender the certificate or
certificates evidencing such shares to the Corporation at its then principal
office or at its agency designated for such purpose (which may be the transfer
agent for the Common Stock) and shall give notice to the Corporation that the
holder elects to convert

<PAGE>

such shares or a specified portion thereof. Such notice shall also state the
name or names (with address) in which the certificate or certificates for the
Common Stock, which shall be issuable upon such conversion, shall be issued. As
promptly as possible after receipt of such notice and the surrender of the
shares of the Series A Preferred as aforesaid, the Corporation shall issue and
deliver to such holder, a certificate or certificates for the number of full
shares of the Common Stock issuable upon the conversion of such shares of the
Series A Preferred in accordance with the provisions of this Section 4 and cash,
as provided in subsection (c) of this Section 4, in respect of any fraction
issuable upon such conversion. Such conversion shall be deemed to have been
effected as of the close of business on the date on which such shares of the
Series A Preferred shall have been surrendered as aforesaid, the rights of the
holder of such shares of the Series A Preferred as such holder shall cease on
said date, and the person or persons in whose name or names any certificate or
certificates for the Common Stock shall be issuable upon such conversion, shall
be deemed to have become on said date the holder or holders of record
represented thereby. If there are not sufficient shares of Common Stock
authorized to effect the conversions, the Corporation shall advise the holder in
writing and forthwith convert such shares as it is able to convert. In the event
any share of the Series A Preferred shall be surrendered for conversion of a
part only, the Corporation shall issue and deliver to the holder, at the expense
of the Corporation, a certificate for the shares of the Series A Preferred not
converted.

(c) The Corporation shall not be required to issue any fractional shares of the
Common Stock upon conversion of shares of the Series A Preferred. If any
fractional interest in a share of the Common Stock shall be deliverable upon
conversion of shares of the Series A Preferred, the Corporation shall purchase
such fractional interest for an amount in cash (computed to the nearest cent
equal to the Market Value (as hereinafter defined)) of such fractional share. If
the shares of the Common Stock shall then be listed on a national securities
exchange or quoted in the National Association of Securities Dealers Automated
Quotation ("NASDAQ") System/National Market System, the Market Value shall be
the closing sale price of such shares on such exchange or quoted by NASDAQ on
the last business day preceding the surrender for conversion. If such shares
shall not then be listed on any such exchange or quoted in NASDAQ/NMS, the
Market Value shall be the average of the bid and asked prices quoted on the
NASDAQ Small Cap System (if so traded), the Over the Counter Bulletin Board
(OTCBB), or, if not so traded, as reported by the National Quotation Bureau,
Inc. or any organization performing similar functions in the over-the-counter
market on the last business day preceding the surrender for conversion on which
day there were such quotations.

(d) The number of shares into which the Series A Preferred is convertible is
subject to change or adjustment as follows:

(i) In case the Corporation shall, while any shares of the Series A Preferred
have not yet been converted, effect a recapitalization of such character that
the Common Stock acquirable hereunder shall be changed for a larger or smaller
number of shares, then, after the date of record for effecting such
recapitalization, the shares of Common Stock which the holder of shares of the
Series A Preferred shall be entitled to acquire shall be increased or decreased,
as the case may be, in direct proportion to the increase or decrease in the
number of shares of Common Stock by reason of such recapitalization, and the
number of shares of Common Stock into which the Series A Preferred is
convertible shall, in the case of an increase in the number of such shares, be
proportionately reduced, and in the case of a decrease in the number of such
shares, shall be proportionately increased. For the purpose of this subsection
(i), a stock dividend, stock split-up or reverse split shall be considered as a
recapitalization and as an exchange for a larger or smaller number of shares, as
the case may be.

<PAGE>

(ii) In the case of any consolidation of the Corporation with, or merger of the
Corporation into, any other corporation, or in case of any sale or conveyance of
all or substantially all of the assets of the Corporation in connection with a
plan of complete liquidation of the Corporation, then, as a condition of such
consolidation, merger or sale or conveyance, adequate provision shall be made
whereby the holders of shares of the Series A Preferred shall thereafter have
the right to acquire and receive upon conversion, upon the basis and upon the
terms and conditions specified in the Series A Preferred in lieu of what was
immediately theretofore acquirable and receivable upon the exercise of the
rights represented hereby, such shares of stock or securities as may be issued
in connection with such consolidation, merger or sale or conveyance with respect
to or in exchange for the securities issuable on conversion of a share of Series
A Preferred immediately therefore acquirable and receivable upon the exercise of
the rights represented hereby had such consolidation, merger or sale or
conveyance not taken place, and in any such case appropriate provision shall be
made with respect to the rights and interest of the holders of shares of the
Series A Preferred to the end that the provisions hereof shall be applicable as
nearly as may be in relation to any shares of stock or securities thereafter
deliverable upon the exercise hereof.

(iii) In case the Corporation shall, while any shares of the Series A Preferred
have not yet been converted, make any distribution of its assets to holders of
Common Stock as a partial liquidating dividend other than a dividend of the
Company's shares or the shares of any of its subsidiaries, by way of return of
capital or otherwise, then, after the date of record for determining
shareholders entitled to such distribution, the holders of shares of the Series
A Preferred shall be entitled, upon the conversion of any or all of the shares
of the Series A Preferred into the Common Stock, to receive the amount of such
assets (or at the option of the Corporation, a sum equal to the value thereof at
the time of such distribution holders of Common Stock as such value is
determined by the Board of Directors of the Corporation in good faith) which
would have been payable to such holder had he been the holder of record of such
the Common Stock issuable on conversion of his Preferred Stock on the record
date for the determination of shareholder entitled to such distribution.

(e) Any adjustment pursuant to the foregoing provisions shall be made on the
basis of the number of shares of Common Stock which the holders of conversion
rights pursuant to Section 4 hereunder would have been entitled to acquire by
conversion of shares of Series A Preferred immediately prior to tire event
giving rise to such adjustment. Whenever any such adjustment is require to be
made, the Corporation shall forthwith determine shares of the new number of
shares of Common Stock which the holders of shares of the Series A Preferred
shall be entitled to acquire hereunder and shall prepare, retain on file and
transmit to the holders of shares of the Series A Preferred within ten (10) days
after such preparation a statement describing in reasonable detail the method
used in calculating such adjustment.

(f) The certificate of any independent firm of public accounts or recognized
standing selected by the Board of Directors of the Corporation shall be
conclusive evidence of the correctness of any computation made under this
Section 4.

(g) Whenever the number of shares of Common Stock or other securities issuable
upon conversion of a share of Series A Preferred is adjusted pursuant to this
Section 4, the Corporation shall promptly mail to each holder of shares of the
Series A Preferred Stock a notice describing the adjustment and specifying the
number, or kind, or class of shares or other securities or property comprising
the securities issuable on conversion of the shares of Series A Preferred after
giving effect to such adjustment.

<PAGE>

(h) In case the Corporation after the date hereof shall propose (i) to pay any
dividend payable in stock to the holders of the Common Stock or to make any
other distribution (other than case distributions out of earnings or surplus) to
the holders of the Common Stock, or (ii) to offer to the holders of the Common
Stock rights to subscribe to or purchase any additional shares of any class or
any other rights or options, or (iii) to effect any reclassification of the
Common Stock (other than a reclassification involving merely the subdivision or
combination of outstanding shares of the Common Stock) or any capital
reorganization, or consolidation or merger, or any sale or other transfer of its
property, assets and business substantially as an entirety, or the liquidation,
dissolution or winding up of the Corporation, then, in each such case, the
Corporation shall mail to each holder of shares of the Series A Preferred notice
of such proposed action, which notice shall specify the date on which the books
of the Corporation shall close, or a record shall be taken, for such stock
dividend, distribution or subscription or purchase rights, or the date on which
such reclassification, reorganization, consolidation, merger, sale or transfer,
liquidation, dissolution, or winding up shall take place or commence, as the
case may be, and the date of participation therein by the holders of the Common
Stock if any such date is to be fixed, and shall also set forth such facts then
known to the Corporation with respect thereto as shall be reasonably necessary
to indicate the effect of such action on the number, or kind, or class of shares
or other shares or other securities or property which will be issuable upon
conversion of a share of Series A Preferred after giving effect to any
adjustment which will be required as a result of such action. Such notice shall
be mailed in the case of any action covered by clause (i) or (ii) above at least
ten days prior to the record date for determining holders of the Common Stock
for purposes of such action, and in the case of any action covered by clause
(iii) above at least ten days prior to the date of the taking of such proposed
action. Failure to mail any notice, or any defect in any notice, pursuant to
this Section 4(g), shall not affect the legality or validity of the adjustment
in the securities issuable upon conversion of a share of Series A Preferred or
of any transaction giving rise thereto.

(i) Until they are converted, the shares of Series A Preferred shall vote with
the Common Stock on all matters where a vote of the holders of the Common Stock
is required by law, except for the election of the members of the Corporation's
Board of Directors, which shall be governed by clause (j) below, and each share
of Series A Preferred shall have a number of votes equal to the number of shares
of Common Stock into which it would be converted while each share of Common
Stock shall have one vote.

(j) At any time when at least 20,000 shares of Series A Preferred issued and
outstanding, the holders thereof, voting as a class shall be entitled to elect
such number of directors of the Corporation as shall constitute a majority of
the Board of Directors of the Corporation, while the holders of the Common Stock
shall elect the balance of the Board of Directors without the votes of the
holders of Series A Preferred.

(k) For the purposes of this Section 4, the term "Common Stock" shall include
all shares of capital stock authorized by the Corporation's Certificate of
incorporation, as from time to time amended, which are not limited to a fixed
sum or percentage of par value in respect of the right of the holders of shares
of the Series A Preferred to participate in dividends or in the distribution of
assets upon the voluntary or involuntary liquidation, dissolution or winding-up
of the Corporation.

5. NO IMPAIRMENT OF RIGHTS. As long as any shares of the Series A Preferred are
outstanding, the Corporation shall not (i) participate in any reorganization,
transfer of assets, consolidation, merger,

<PAGE>

dissolution, issue or sale of securities or any other voluntary action, for the
purpose of avoiding or seeking to avoid the observance or performance hereunder,
(ii) amend its Certificate of Incorporation if such action would alter or change
the preferences, special rights or powers given to the shares of the Series A
Preferred so as to affect such shares adversely, or (iii) authorize or create
any class or series of stock of the Corporation having any preference or
priority which are pari passu or superior to shares of the Series A Preferred,
as to dividends, redemption or distribution of assets made in dissolution,
liquidation or winding up of the Corporation. The Corporation will at all times
in good faith carry out all such actions as may be reasonably necessary or
appropriate in order to protect the rights of the holders of the Series A
Preferred set forth hereunder against impairment.

6. SEVERABILITY OF PROVISIONS. If any right, preference or limitation of the
Series A Preferred set forth in this resolution (as such resolution may be
amended from time to time) is invalid, unlawful or incapable of being enforced
by reason of any rule of law or public policy, all other rights, preferences and
limitations set forth in this resolution (as so amended) which can be given
effect without the invalid, unlawful or unenforceable right, preference or
limitation shall, nevertheless, remain in full force and effect, and no right,
preference or limitation herein set forth shall be deemed dependent upon any
other such right, preference or limitation unless so expressed herein.

IN WITNESS WHEREOF, BIOGAN INTERNATIONAL, INC. has caused this statement to be
signed by Gilles LaVerdiere, its President and attested to by Robert C.
Montgomery, its Secretary, this 25th day of February, 2000.

BIOGAN INTERNATIONAL, INC.

By: /s/ GILLES LaVERDIERE
   ---------------------------------
     Gilles LaVerdiere, President

ATTEST: /s/ RONALD TOLMAN, VP
       -----------------------------

  /s/ ROBERT C. MONTGOMERY
 -----------------------------------
Robert C. Montgomery, Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}]]