Document:

EXHIBIT 10.1

                           NATURAL HEALTH TRENDS CORP.
                         NOTICE OF GRANT OF STOCK OPTION
                         -------------------------------

         Notice is hereby given of the following option grant (the "Option") to
purchase Common Stock of Natural Health Trends Corp. (the "Corporation"):

         Optionee:                    _____________

         Grant Date:                  _____________

         Exercise Price:              $____________ per share

         Number of Option Shares:     _____________ shares of Common Stock

         Expiration Date:             _____________

         Type of Option:              _____ Incentive Stock Option

                                      _____ Non-Statutory Stock Option

         Date Exercisable:            _____________

         Vesting Schedule:            _____________________________________

Optionee understands and agrees that the Option is granted subject to and in
accordance with the terms of the Natural Health Trends Corp. 2002 Stock Option
Plan (the "Plan"). Optionee further agrees to be bound by the terms of the Plan
and the terms of the Option as set forth in the Stock Option Agreement attached
hereto as Exhibit A.

Optionee hereby acknowledges receipt of a copy of the Plan in the form attached
hereto as Exhibit B.

At Will Employment. Nothing in this Notice or in the attached Stock Option
Agreement or Plan shall confer upon Optionee any right to continue in service
for any period of specific duration or interfere with or otherwise restrict in
any way the rights of the Corporation (or any Parent or Subsidiary employing or
retaining Optionee) or of Optionee, which rights are hereby expressly reserved
by each, to terminate Optionee's Service at any time for any reason, with or
without cause.

Definitions. All capitalized terms in this Notice shall have the meaning
assigned to them in this Notice or in the attached Stock Option Agreement.
<PAGE>

DATED: _______________

                                       NATURAL HEALTH TRENDS CORP.

                                       By: _____________________________________
                                           Name:
                                           Title:

                                       OPTIONEE

                                       _________________________________________
                                       Name:
                                       Address:

Attachments:
------------
Exhibit A - Stock Option Agreement
Exhibit B - Natural Health Trends Corp. 2002 Stock Option Plan, as amended
<PAGE>

                                                                       EXHIBIT A

                           NATURAL HEALTH TRENDS CORP.
                             STOCK OPTION AGREEMENT
                             ----------------------

                                    RECITALS

     A.  The Board has adopted the Stock Option Plan (the "Plan") for the
purpose of recruiting and retaining the services of selected employees,
directors, officers, agents, consultants, independent contractors and advisors
in the service of the Corporation (or any Parent or Subsidiary).

     B.  Optionee is to render valuable services to the Corporation (or a Parent
or Subsidiary), and this Agreement is executed pursuant to, and is intended to
carry out the purposes of the Plan in connection with the Corporation's grant of
an option to Optionee.

     C.  All capitalized terms in this Agreement shall have the meaning assigned
to them in the attached Appendix.

         NOW, THEREFORE, it is hereby agreed as follows:

     1.  Grant of Option. The Corporation hereby grants to Optionee, as of the
Grant Date, an option to purchase up to the number of Option Shares specified in
the Grant Notice. The Option Shares shall be purchasable from time to time
during the option term specified in Paragraph 2 at the Exercise Price.

     2.  Option Term. This option shall have a term as set forth in the Notice
of Grant and shall accordingly expire at the close of business on the Expiration
Date, unless sooner terminated in accordance with Paragraph 5 or 6.

     3.  Limited Transferability. During Optionee's lifetime, this option shall
be exercisable only by Optionee and shall not be assignable or transferable
other than by will or by the laws of descent and distribution following
Optionee's death.

     4.  Dates of Exercise. This option shall become exercisable for the Option
Shares in one or more installments as specified in the Grant Notice. As the
option becomes exercisable for such installments, those installments shall
accumulate, and the option shall remain exercisable for the accumulated
installments until the Expiration Date or sooner termination of the option term
under Paragraph 5 or 6.

     5.  Cessation of Service. The option term specified in Paragraph 2 shall
terminate (and this option shall cease to be outstanding) prior to the
Expiration Date should Optionee die while this option is outstanding, then the
personal representative of Optionee's estate or the person or persons to whom
the option is transferred pursuant to Optionee's will or in accordance with the
laws of inheritance shall have the right to exercise this option. Such right
shall lapse, and this option shall cease to be outstanding, upon the earlier of
(i) the expiration of the six (6) month period measured from the date of
Optionee's death or (ii) the Expiration Date.

                                      A-1
<PAGE>

     6.  Accelerated Vesting; Corporate Transaction.
         ------------------------------------------

         (a)      In the event of any Corporate Transaction, the Option Shares
at the time subject to this option but not otherwise vested shall automatically
vest in full so that this option shall, immediately prior to the effective date
of the Corporate Transaction, become exercisable for all of the Option Shares as
fully-vested shares and may be exercised for any or all of those Option Shares
as vested shares.

         (b)      Immediately following the Corporate Transaction, this option
shall terminate and cease to be outstanding.

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

     7.  Adjustment in Option Shares. Should any change be made to the Common
Stock by reason of any stock split, stock dividend, recapitalization,
combination of shares, exchange of shares or other change affecting the
outstanding Common Stock as a class without the Corporation's receipt of
consideration, appropriate adjustments shall be made to (i) the total number
and/or class of securities subject to this option and (ii) the Exercise Price in
order to reflect such change and thereby preclude a dilution or enlargement of
benefits hereunder.

     8.  Stockholder Rights. The holder of this option shall not have any
stockholder rights with respect to the Option Shares until such person shall
have exercised the option, paid the Exercise Price and become the record holder
of the purchased shares.

     9.  Manner of Exercising Option.
         ---------------------------

         (a)      In order to exercise this option with respect to all or any
part of the Option Shares for which this option is at the time exercisable,
Optionee (or any other person or persons exercising the option) must take the
following actions:

                  (i)      Pay the aggregate Exercise Price for the purchased
shares in one or more of the following forms:

                           (A)      cash or check made payable to the
         Corporation; or

                           (B)      if the Common Stock is registered under
         Section 12 of the 1934 Act at the time the option is exercised,

                                    (1)      in shares of Common Stock held by
         Optionee (or any other person or persons exercising the option) for the
         lesser of (a) six months or (b) the requisite period necessary to avoid
         a charge to the Corporation's earnings for financial reporting purposes
         and valued at Fair Market Value on the Exercise Date; or

                                      A-2
<PAGE>

                                    (2)      to the extent the option is
         exercised for vested Option Shares, through a special sale and
         remittance procedure pursuant to which Optionee (or any other person or
         persons exercising the option) shall concurrently provide irrevocable
         instructions (a) to a Corporation-designated brokerage firm to effect
         the immediate sale of the purchased shares and remit to the
         Corporation, out of the sale proceeds available on the settlement date,
         sufficient funds to cover the aggregate Exercise Price payable for the
         purchased shares plus all applicable Federal, state and local income
         and employment taxes required to be withheld by the Corporation by
         reason of such exercise and (b) to the Corporation to deliver the
         certificates for the purchased shares directly to such brokerage firm
         in order to complete the sale.

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

                  (iii)    Make appropriate arrangements with Corporation (or
Parent or Subsidiary employing or retaining Optionee) for satisfaction of all
Federal, state and local income and employment withholding requirements
applicable to the option exercise.

         (b)      As soon as practical after the Exercise Date, the Corporation
shall issue to or on behalf of Optionee (or any other person or persons
exercising this option) a certificate for the purchased Option Shares.

         (c)      In no event may this option be exercised for any fractional
shares.

     10. Compliance with Laws and Regulations.
         ------------------------------------

         (a)      The exercise of this option and the issuance of the Option
Shares upon such exercise shall be subject to compliance by the Corporation and
Optionee with all applicable requirements of law relating thereto and with all
applicable regulations of any stock exchange (or the Nasdaq Stock Market, if
applicable) on which the Common Stock may be listed for trading at the time of
such exercise and issuance.

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

     11. Successors and Assigns. Except to the extent otherwise provided in
Paragraphs 3 and 5, the provisions of this Agreement shall inure to the benefit
of, and be binding upon, the Corporation and its successors and assigns and
Optionee, Optionee's assigns and the legal representatives, heirs and legatees
of Optionee's estate.

                                      A-3
<PAGE>

     12. Notices. Any notice required to be given or delivered to the
Corporation under the terms of this Agreement shall be in writing and addressed
to the Corporation at its principal corporate offices. Any notice required to be
given or delivered to Optionee shall be in writing and addressed to Optionee at
the address indicated on the Corporation's books and records. All notices shall
be deemed effective upon personal delivery or upon deposit in the U.S. mail,
postage prepaid and properly addressed to the party to be notified.

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

     14. Governing Law. The interpretation, performance and enforcement of this
Agreement shall be governed by the laws of the state in which the Corporation is
incorporated without resort to that State's conflict-of-laws rules.

     15. Stockholder Approval. If the Option Shares covered by this Agreement
exceed, as of the Grant Date, the number of shares of Common Stock which may be
issued under the Plan as last approved by the stockholders, then this option
shall be void with respect to such excess shares, unless stockholder approval of
an amendment sufficiently increasing the number of shares of Common Stock
issuable under the Plan is obtained in accordance with the provisions of the
Plan.

     16. Additional Terms Applicable to an Incentive Option. In the event this
option is designated an Incentive Option in the Grant Notice, the following
terms and conditions shall also apply to the grant:

         (a)      This option shall cease to qualify for favorable tax treatment
as an Incentive Option if (and to the extent) this option is exercised for one
or more Option Shares: (i) more than three (3) months after the date Optionee
ceases to be an Employee for any reason other than death or Permanent Disability
or (ii) more than twelve (12) months after the date Optionee ceases to be an
Employee by reason of Permanent Disability, if applicable.

         (b)      This option shall not become exercisable in the calendar year
in which granted if (and to the extent) the aggregate Fair Market Value
(determined at the Grant Date) of the Common Stock for which this option would
otherwise' first become exercisable in such calendar year would, when added to
the aggregate value (determined as of the respective date or dates of grant) of
the Common Stock and any other securities for which one or more other Incentive
Options granted to Optionee prior to the Grant Date (whether under the Plan or
any other option plan of the Corporation or any Parent or Subsidiary) first
become exercisable during the same calendar year, exceed One Hundred Thousand
Dollars ($100,000) in the aggregate. To the extent the exercisability of this
option is deferred by reason of the foregoing limitation, the deferred portion
shall become exercisable in the first calendar year or years thereafter in which
the One Hundred Thousand Dollar ($100,000) limitation of this Paragraph 16(b)
would not be contravened, but such deferral shall in all events end immediately
prior to the effective date of a Corporate Transaction in which this option is
not to be assumed, whereupon the option shall become immediately exercisable as
a Non-Statutory Option for the deferred portion of the Option Shares.

                                      A-4
<PAGE>

         (c)      Should Optionee hold, in addition to this option, one or more
other options to purchase Common Stock which become exercisable for the first
time in the same calendar year as this option, then the foregoing limitations on
the exercisability of such options as Incentive Options shall be applied on the
basis of the order in which such options are granted.

                                      A-5
<PAGE>

                                    APPENDIX

        The following definitions shall be in effect under the Agreement:

A.       Agreement shall mean this Stock Option Agreement.

B.       Board shall mean the Corporation's Board of Directors.

C.       Code shall mean the Internal Revenue Code of 1986, as amended.

D.       Common Stock shall mean the Corporation's common stock.

E.       Corporate Transaction shall mean either of the following
stockholder-approved transactions to which the Corporation is a party:

                  (i)      a merger or consolidation in which securities
         possessing more than fifty percent (50%) of the total combined voting
         power of the Corporation's outstanding securities are transferred to a
         person or persons different from the persons holding those securities
         immediately prior to such transaction, or

                  (ii)     the sale, transfer or other disposition of all or
         substantially all of the Corporation's assets in complete liquidation
         or dissolution of the Corporation.

F.       Corporation shall mean Natural Health Trends Corp., a Florida
corporation.

G.       Disability shall mean the inability of Optionee to engage in any
substantial gainful activity by reason of any medically determinable physical or
mental impairment and shall be determined by the Plan Administrator on the basis
of such medical evidence as the Plan Administrator deems warranted under the
circumstances. Disability shall be deemed to constitute Permanent Disability in
the event that such Disability is expected to result in death or has lasted or
can be expected to last for a continuous period of twelve (12) months or more.

H.       Employee shall mean an individual who is in the employ of the
Corporation (or any Parent or Subsidiary), subject to the control and direction
of the employer entity as to both the work to be performed and the manner and
method of performance.

I.       Exercise Date shall mean the date on which the option shall have been
exercised in accordance with Paragraph 9 of the Agreement.

J.       Exercise Price shall mean the exercise price payable per Option Share
as specified in the Grant Notice. Under no circumstances shall the Exercise
Price of any option granted hereunder ever be less than the Fair Market Value of
the underlying Option Shares on the Grant Date.

K.       Expiration Date shall mean the date on which the option expires as
specified in the Grant Notice.

                                       i
<PAGE>

L.       Fair Market Value per share of Common Stock on any relevant date shall
be determined in accordance with the following provisions:

                  (i)      If the Common Stock is at the time traded on the
         Nasdaq National Market, the Nasdaq SmallCap Market or the OTC Bulletin
         Board, then the Fair Market Value shall be the closing selling price
         per share of Common Stock on the date in question, as the price is
         reported on the Nasdaq National Market, the Nasdaq SmallCap Market or
         the OTC Bulletin Board. If there is no closing selling price for the
         Common Stock on the date in question, then the Fair Market Value shall
         be the closing selling price on the last preceding date for which such
         quotation exists.

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

                  (iii)    If the Common Stock is at the time neither listed on
         any Stock Exchange nor traded on the Nasdaq National Market, the Nasdaq
         SmallCap Market or the OTC Bulletin Board, then the Fair Market Value
         shall be determined by the Plan Administrator after taking into account
         such factors as the Plan Administrator shall deem appropriate.

M.       Grant Date shall mean the date of grant of the option as specified in
the Grant Notice.

N.       Grant Notice shall mean the Notice of Grant of Stock Option
accompanying the Agreement, pursuant to which Optionee has been informed of the
basic terms of the option evidenced hereby.

0.       Incentive Option shall mean an option which satisfies the requirements
of Code Section 422.

P.       Misconduct shall mean the commission of any act of fraud, embezzlement
or dishonesty by Optionee, any unauthorized use or disclosure by Optionee of
confidential information or trade secrets of the Corporation (or any Parent or
Subsidiary), or any other intentional misconduct by Optionee adversely affecting
the business or affairs of the Corporation (or any Parent or Subsidiary) in a
material manner. The foregoing definition shall not be deemed to be inclusive of
all the acts or omissions which the Corporation (or any Parent or Subsidiary)
may consider as grounds for the dismissal or discharge of Optionee or any other
individual in the Service of the Corporation (or any Parent or Subsidiary).

Q.       1934 Act shall mean the Securities Exchange Act of 1934, as amended.

                                       ii
<PAGE>

R.       Non-Statutory Option shall mean an option not intended to satisfy the
requirements of Code Section 422.

S.       Option Shares shall mean the number of shares of Common Stock subject
to the option.

T.       Optionee shall mean the person to whom the option is granted as
specified in the Grant Notice.

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

V.       Plan shall mean the Corporation's 2002 Stock Option Plan.

W.       Plan Administrator shall mean either the Board or a committee of the
Board acting in its capacity as administrator of the Plan.

X.       Service shall mean the Optionee's performance of services for the
Corporation (or any Parent or Subsidiary) in the capacity of an Employee, a
non-employee member of the board of directors or an independent consultant.

Y.       Stock Exchange shall mean the American Stock Exchange or the New York
Stock Exchange.

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

AA.      Vesting Schedule shall mean the vesting schedule specified in the Grant
Notice pursuant to which the Optionee is to vest in the Option Shares in a
series of installments over his or her period of Service.

                                      iii
<PAGE>

                                                                       Exhibit B

                           NATURAL HEALTH TRENDS CORP.

                       2002 STOCK OPTION PLAN, AS AMENDED
                       ----------------------------------

                           (Incorporated by Reference)

                                       B-1<PAGE>

                                                                    EXHIBIT 10.1

                      MYRIAD ENTERTAINMENT & RESORTS, INC.
                          SECURITIES PURCHASE AGREEMENT

         AGREEMENT dated as of June ___, 2005, among MYRIAD ENTERTAINMENT &
RESORTS, INC., a Delaware corporation ("Company"), and those individuals and/or
entities set forth on the signature pages hereto (being hereinafter referred to,
individually, as a or any "Subscriber" and, collectively, as the "Subscribers").

                                 R E C I T A L S

         The Company is in the development stage to implement its business plan
to capitalize on opportunities to enhance the sustained value of destinations
and properties in high-potential growth markets through the creation of unique,
world-class travel and leisure experiences. The Company owns, through its
wholly-owned subsidiary, MER Resorts, Inc., a Delaware corporation, a
thirty-three percent (33%) interest in Myriad World Resorts of Tunica, LLC, a
Mississippi limited liability company ("Tunica LLC"). The Company desires to
raise funds by the sale of up to five hundred thousand (500,000) shares of the
Company's Common Stock, $.001 par value per share (individually, a or any
`Share" and, collectively, the "Shares") to the Subscribers to further the
Company's business operations.

         The Subscribers desire to purchase the Shares from the Company and the
Company desires to sell the Shares to the Subscribers, in each case, upon the
terms and subject to the conditions set forth in this Agreement, its exhibits,
schedules and other agreements between the parties of even date herewith,
including without limitation, the Subscription for Shares document attached as
Exhibit A hereto (collectively, the "Agreement").

         Accordingly, the parties hereto hereby agree as follows:

                               A G R E E M E N T S

I. SALE AND ISSUANCE OF SHARES

         In reliance upon the representations, warranties and agreements set
forth in this Agreement and for the consideration and subject to the terms and
conditions set forth in this Agreement, the Subscribers agree to purchase at the
Closing (as hereinafter defined), and the Company agrees to sell and issue to
the Subscribers at the Closing, that number of Shares set forth opposite each
Subscriber's name on the signature pages attached to this Agreement, at a
purchase price of _______________ U.S. Dollars (USD$___) per Share.

II. CLOSING

         The closing (the "Closing") of the transactions contemplated by this
Agreement shall take place at the offices of Company, Suite 1000, 10050-112
Street, 10th Floor, Edmonton, Alberta, Canada T5K 2J1, on June __, 2005 at 10:00
a.m., local time, or at such other time which the Company and the Subscribers
shall agree. The date and time of the closing are referred to as the "Closing
Date."

III. ACTIONS AT CLOSING

         At the Closing, the Company will deliver to each Subscriber a stock
certificate, registered in such Subscriber's name, representing the Shares to be
purchased by such Subscriber, against payment of the purchase price therefor, by
check payable to the Company, or by wire transfer pursuant to the Company's
instructions. The Company and the Subscribers agree to execute and deliver on
the Closing Date and thereafter all such other instruments, including without
limitation, the Subscription for Shares document in the form of Exhibit A
hereto, and to take or cause to be taken all such further action as may be
necessary fully to vest in and confirm to the Subscribers legal and equitable
title to and possession of the Shares.

IV. REPRESENTATIONS AND WARRANTIES OF COMPANY

         The Company represents and warrants to the Subscribers that the
statements set forth in this Article are correct and complete as of the date of
this Agreement and will be correct and complete as of the Closing Date (as
though made then as though the Closing Date were substituted for the date of
this Agreement throughout this Article) as follows:

<PAGE>

         (a) Organization of Company. The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Delaware.

         (b) Power and Authority. The Company has full power and authority to
execute and deliver this Agreement and to perform its obligations hereunder, and
has taken, or prior to the Closing Date will have taken, all action required by
law, or otherwise, to authorize the execution and delivery of this Agreement and
the consummation of the transactions contemplated hereby. This Agreement and the
exhibits hereto have been duly executed and delivered by the Company and
constitute legal, valid and enforceable obligations of the Company, subject to
(i) applicable bankruptcy, moratorium, insolvency, reorganization and other
similar laws of general application relating to or affecting creditors' rights
and remedies generally, including without limitation, the effect of statutory or
other law regarding fraudulent conveyances and preferential transfers; (ii)
limitations imposed by equitable doctrines upon the specific enforceability of
any of the provisions of this Agreement; and (iii) the availability of
injunctive relief or other equitable remedies. The Company need not give any
notice to, make any filing with, or obtain any authorization, consent or
approval of any government or governmental agency in order to consummate the
transactions contemplated by this Agreement.

         (c) Capitalization. Immediately prior to the Closing, the Company's
authorized capital stock shall consist of (i) three hundred million
(300,000,000) shares of Common Stock, $.001 par value per share, of which
thirty-eight million seven hundred sixty-two thousand one hundred thirty-three
(38,762,133) shares are issued and outstanding, and (ii) five million
(5,000,000) shares of Preferred Stock, $.001 par value per share, none of which
is outstanding. All of the issued and outstanding shares of Common Stock have
been duly authorized and validly issued, are fully paid and nonassessable and
have been issued in compliance with all applicable state and federal securities
laws. The Company has reserved five million (5,000,000) shares of Common Stock
for issuance to employees, consultants and non-employee directors pursuant to
the Company's 2000 Stock Incentive Plan or other written agreement. Except for
any restrictions imposed by applicable state and federal securities laws, there
is no right of first refusal, co-sale right, right of participation, right of
first offer, or other restriction on transfer applicable to any shares of the
Company's Common Stock. The Company is not a party to, or is subject to, any
agreement that affects or relates to the voting or giving of written consent
with respect to any shares of the Company's Common Stock.

         (d) No Conflicts. Neither the execution and delivery of this Agreement,
nor the consummation of the transactions contemplated hereby, will (i) violate
any statute, regulation, rule, judgment, order, decree, stipulation, injunction,
charge or other restriction of any government, governmental agency, or court to
which the Company is subject, or (ii) conflict with, result in a breach of,
constitute a default under, result in the acceleration of, create in any party
the right to accelerate, terminate, modify, or cancel, or require any notice
under any contract, lease, sublease, license, sublicense, permit, indenture,
agreement, instrument of indebtedness, security interest, or other arrangement
for which the Company is a party or by which it is bound or to which any of its
or the Company's assets is subject.

         (e) SEC Documents; Financial Statements. Since March 31, 2005, the
Company has filed all reports, schedules, forms, statements and other documents
required to be filed by it with the SEC pursuant to the reporting requirements
of the Securities Exchange Act of 1934 Act, as amended ("1934 Act" or "Exchange
Act") (all of the foregoing filed prior to the date hereof and all exhibits
included therein and financial statements and schedules thereto and documents
incorporated by reference therein being hereinafter referred to as the "SEC
Documents"). The Company has delivered to the Purchaser or its representatives
true and complete copies of any SEC Documents that were filed by the Company
with the SEC but not filed electronically via EDGAR. As of their respective
dates, the SEC Documents complied in all material respects with the requirements
of the 1934 Act and the rules and regulations of the SEC promulgated thereunder
applicable to the SEC Documents, and none of the SEC Documents, at the time they
were filed with the SEC, contained any untrue statement of a material fact or
omitted to state a material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which
they were made, not misleading. As of their respective dates, the financial
statements of the Company included in the SEC Documents complied as to form in
all material respects with applicable accounting requirements and the published
rules and regulations of the SEC with respect thereto. Such financial statements
have been prepared in accordance with generally accepted accounting principles,
consistently applied, during the periods involved (except (i) as may be
otherwise indicated in such financial statements or the notes thereto, or (ii)
in the case of unaudited interim statements, to the extent they may exclude

<PAGE>

footnotes or may be condensed or summary statements) and fairly present in all
material respects the financial position of the Company as of the dates thereof
and the results of its operations and cash flows for the periods then ended
(subject, in the case of unaudited statements, to normal year-end audit
adjustments). No other written information provided by or on behalf of the
Company to the Purchaser which is not included in the SEC Documents, contains
any untrue statement of a material fact or omits to state any material fact
necessary in order to make the statements therein, in the light of the
circumstance under which they are or were made, not misleading.

         (f) Absence of Litigation. Except for any matters otherwise disclosed
in the SEC Documents, there are no (i) actions, proceedings, arbitrations or
investigations pending or any threat thereof, or verdicts or judgments entered
against the Company before any court or before any administrative agency or
office which might result in any material adverse change in the business,
properties or condition, financial or otherwise, of the Company, or (ii)
violations by the Company of any foreign, federal, state or local laws,
regulations or orders, including but not limited to laws pertaining to workplace
safety, the violation of which would have a material adverse effect on the
business of the Company.

         (g) No Adverse Changes; Ordinary Course of Business. Except as set
forth in Schedule IV(g) hereof, since March 31, 2005: (i) the businesses of the
Company have been conducted in the ordinary course and in substantially the same
manner as heretofore; (ii) there has not been a material adverse change in the
condition (financial or otherwise) of the assets, liabilities, earnings or
business of the Company, nor has the Company suffered any damage, destruction or
loss (whether or not covered by insurance) which has materially and adversely
affected its assets, business or prospects; (iii) the Company has not created or
incurred any liability, commitment or obligation (absolute or contingent) except
unsecured current liabilities in the ordinary course of its business for other
than money borrowed and liabilities under contracts entered into in the ordinary
course of business; (iv) the Company has not purchased or otherwise acquired,
sold, leased or otherwise disposed of (or committed so to do) any property other
than items of inventory and supply in the ordinary course of business; (v) the
Company has not increased the salary or wage rate or other remuneration of any
employee; and (vi) the Company has not declared or paid any distributions, or
directly or indirectly purchased, retired, redeemed or otherwise acquired any
capital stock in the Company.

         (h) Extent of Offering. Except as contemplated in this Agreement,
neither the Company nor any agent acting on its behalf, has offered or will
offer or solicit any offers to sell any securities to any person or persons so
as to require the issuance or sale of the Shares to be registered pursuant to
the provisions of Section 5 of the Securities Act of 1933, as amended (the
"Securities Act"), or prevent the Company from utilizing the provisions of
Regulation S of the Securities Act or any applicable state securities law
exemption from qualification.

         (i) Brokers and Finders. The Company has made no agreements or
arrangements for brokerage commissions, finder's fees or similar compensation in
connection with the transactions contemplated by this Agreement based on any
arrangement or agreement binding upon the Company.

         (j) Validity of Issuance. The Shares to be purchased and sold pursuant
to this Agreement, will, when issued, sold, and delivered, be duly and validly
issued, fully paid and nonassessable, and will be free and clear of any liens or
encumbrances caused or created by the Company and, assuming the accuracy and
completeness of the Subscribers' representations hereunder, will have been
issued in compliance with all applicable state and federal securities laws.

         (k) No Material Misstatement or Omission. The representations,
warranties and statements contained in this Agreement with respect to the
Company and the other written information provided to the Subscribers by the
Company in connection with this Agreement and the transactions contemplated
hereby contain no untrue statement of material fact and do not omit to state a
material fact necessary in order to make the statements contained herein or
therein not misleading.

V. REPRESENTATIONS AND WARRANTIES OF SUBSCRIBERS

         Each Subscriber represents and warrants to the Company that the
statements set forth in this Article are correct and complete as of the date of
this Agreement and will be correct and complete as of the Closing Date (as
though made then as though the Closing Date were substituted for the date of
this Agreement throughout this Article) as follows:

<PAGE>

         (a) Organization of Subscribers. The Subscriber is a natural person or
a corporation, partnership, limited liability company, or trust duly organized,
validly existing and in good standing under the laws of the jurisdiction of its
formation.

         (b) Power and Authority. The Subscriber has full power and authority to
execute and deliver this Agreement and to perform its obligations hereunder, and
has taken, or prior to the Closing Date will have taken, all action required by
law, or otherwise, to authorize the execution and delivery of this Agreement and
the consummation of the transactions contemplated hereby. This Agreement and the
exhibits hereto have been duly executed and delivered by the Subscribers and
constitute legal, valid and enforceable obligations of the Subscribers. The
Subscriber need not give any notice to, make any filing with, or obtain any
authorization, consent or approval of any government or governmental agency in
order to consummate the transactions contemplated by this Agreement.

         (c) Investment. Subscriber is acquiring the Shares for Subscriber's own
account, for investment only, and not with a view to, or for sale in connection
with any distribution thereof within the meaning of the applicable provisions of
the Securities Act, or any applicable local law or regulation. Subscriber has no
agreement or other arrangement, formal or informal, with any person to sell,
transfer or pledge any part of the Shares, or which would guarantee Subscriber
any profit or insure against any loss with respect to the Shares, and Subscriber
has no plans to enter into any such agreement or arrangement. Subscriber
understands that the Shares have not been registered by the Company under the
Securities Act or qualified with any other regulatory authority, and are being
sold to Subscriber in reliance upon the exemption from registration set forth in
Regulation S thereunder and applicable local law or regulation, and that such
reliance is based in part upon Subscriber's representations set forth in this
Agreement. At no time was Subscriber presented with or solicited by any form of
general solicitation or general advertising, including, but not limited to, any
advertisement, article, notice or other communication published in a newspaper,
magazine or similar media, or broadcast over television or radio, or any seminar
or meeting whose attendees have been invited by any general solicitation or
general advertising.

         (d) The undersigned is not a "U.S. Person" (as that term is defined by
Regulation S under the Securities Act, or estate or trust of which any executor
or administrator or trustee, respectively, is a U.S. Person and any partnership
or corporation organized or incorporated under the laws of the United States)
and is not acquiring the Shares for the account or benefit of a U.S. Person or a
person in the United States.

         (e) The Shares have not been offered to the Subscriber in the United
States, and the individuals making the order to purchase the Shares, and upon
executing and delivering this Subscription Agreement on behalf of the Subscriber
were not in the United States when the order was placed and this Subscription
Agreement was executed and delivered.

         (f) The Subscriber is an "accredited investor" (as defined in Rule 501
of Regulation D promulgated under the Securities Act) and represents that the
Subscriber meets one or more of the applicable standards set forth in the
Subscription Agreement attached as Exhibit A hereto.

         (g) The Subscriber represents, acknowledges and agrees that the Company
has advised Subscriber that the Company will issue stop transfer instructions to
its registrar or transfer agent prohibiting the transfer of the Shares offered
hereby for a period of one (1) year from the Closing Date. Subscriber further
agrees that the Shares offered hereby shall not be, voluntarily or
involuntarily, sold, transferred or otherwise disposed of for a minimum of one
(1) year from the Closing Date, and that any disposition of the Shares in
violation of this Agreement shall be null and void. Subscriber further agrees to
indemnify and hold the Company harmless from any and all damages that result or
arise from the disposition of any Shares by Subscriber in violation of this
Agreement.

         (h) In consideration of Subscriber's purchase of the Shares, Subscriber
hereby acknowledges and agrees that Subscriber's representations and warranties
will be relied on by the Company, and further acknowledges, consents,
understands, and agrees to the following:

                  (i) The business of the Company is substantially dependent
upon the active participation of Scott Hawrelechko. In the event of the death of
Mr. Hawrelechko, or if for any other reason his services may become unavailable
to the Company, it will be necessary for the Company to employ other qualified
executive personnel to manage its operations, and there is no assurance that any
such qualified person suitable would be available for this purpose.

<PAGE>

                  (ii) The Company is recently formed and has no operating
history. The Tunica LLC project is estimated to cost $1.22 billion to complete
and construction is scheduled to commence in 2006. Without obtaining significant
additional capital through equity and debt financings the Company will not be
able to implement its business plan.

                  (iii) The Company will face strong competition from other
persons or entities, many of whom have substantially greater financial and human
resources, that seek to manage and possibly develop projects similar to those
contemplated by the Company.

                  (iv) All accepted subscription funds received by the Company
pursuant to this offering will be deposited into a general account of the
Company and will be immediately available for the Company's use.

                  (v) The Shares are highly speculative investments. A
Subscriber investing in the Shares risks a complete loss of Subscriber's entire
investment in the Company, and understands and is fully cognizant of the risk
factors related to the purchase of the Shares.

                  (vi) There are substantial restrictions on the transferability
of the Shares and a Subscriber may not be able to liquidate Subscriber's
investment.

                  (vii) No foreign, federal or state agency has made any
findings as to the fairness of the terms of this offering.

                  (viii) There have been no express or implicit representations,
guarantees or warranties to Subscriber by the Company or any other person that a
percentage of profit and/or amount or type of gain or other consideration will
be realized as a result of this investment.

         (i) Subscriber has received, carefully read and is familiar with the
terms and provisions of this Agreement, the Subscription Agreement attached
hereto, and the SEC Documents. Subscriber has decided to subscribe for the
Shares based solely on Subscriber's independent investigation and evaluation of
the Company and Subscriber has not relied on any oral statements or written
material other than as set forth in this Agreement, the Subscription Agreement
and the SEC Documents.

         (j) Subscriber and Subscriber's attorneys and/or advisors have been
provided an opportunity to obtain information concerning the Company and have
been given an opportunity to ask questions of and receive answers from,
authorized representatives of the Company concerning the Company, the offering
and sale of the securities and any other relevant matters, and, in all instances
have been afforded the opportunity to obtain such additional information as
necessary to verify the accuracy of the information that was otherwise provided.

         (k) Subscriber is knowledgeable and experienced with respect to
investment matters such as the proposed investment. Subscriber has such
knowledge and experience in financial and business matters that Subscriber is
capable of evaluating the risks and merits of the prospective investment.

         (l) Subscriber is aware that the investment offered hereby is highly
speculative and Subscriber could lose Subscriber's entire investment and
Subscriber's financial condition is such that Subscriber is able to bear the
economic risks of this investment, including the risk of loss of Subscriber's
entire investment should the Company become worthless.

         (m) Subscriber either (1) has a preexisting personal or business
relationship with the Company or one of more of its control persons, or (2) by
reason of Subscriber's business or financial experience, or by reason of the
business or financial experience of Subscriber's purchaser representative(s)
(who is unaffiliated with and who is not compensated, directly or indirectly, by
the Company or any Affiliate or selling agent of the Company), Subscriber is
capable of evaluating the risks and merits of this investment and of protecting
Subscriber's interests in connection with this investment.

         (n) This Agreement, and the Subscription Agreement, when executed and
delivered to the Company, and all of the statements, answers and information set
forth herein and therein are true, complete and correct on the date hereof and
will be true, complete and correct on the date of acceptance of this
Subscription Agreement. The representations, warranties, acknowledgements and
agreements made by the undersigned herein and therein shall survive acceptance
of the Subscription Agreement and may be relied upon by the Company and any
investigating party unless and until the undersigned delivers to them a written
execution and delivery instrument stating that such information is no longer
accurate and complete.

<PAGE>

         (o) In connection with this Agreement and the Subscription Agreement,
the Company is collecting certain "personal information", as that term is
defined in applicable federal and/or state privacy laws, rules and regulations
in effect from time to time, regarding the Subscriber. The Company agrees it
shall only use and disclose such personal information for purposes consistent
for that which it was initially collected without first obtaining consent from
the Subscriber. In addition to the foregoing, the Subscriber agrees and
acknowledges that the Company may use and disclose the Subscriber's personal
information and that of its representative/agent as follows:

                  (i) for internal use with respect to managing the
relationships between and contractual obligations of the Company and the
Subscriber;

                  (ii) for use and disclosure for income tax related purposes,
including without limitation, where required by law, disclosure to the Internal
Revenue Service and the applicable state tax agencies;

                  (iii) disclosure to securities commissions and other
regulatory bodies with jurisdiction with respect to reports of trade and similar
regulatory filings;

                  (iv) disclosure to a governmental or other authority to which
the disclosure is required by court order or subpoena compelling such disclosure
and where there is no reasonable alternative to such disclosure;

                  (v) disclosure to professional advisers of the Company in
connection with the performance of their professional services;

                  (vi) disclosure to any person where such disclosure is
necessary for legitimate business reasons and is made with the prior written
consent of the Subscriber;

                  (vii) disclosure to a court determining the rights of the
parties under this Subscription Agreement; or

                  (viii) use and disclosure as otherwise required or permitted
by law.

         (p) No Material Misstatement or Omission. The representations,
warranties and statements contained in this Agreement with respect to the
Subscriber and the other written information provided to the Company by the
Subscriber in connection with this Agreement and the transactions contemplated
hereby contain no untrue statement of material fact and do not omit to state a
material fact necessary in order to make the statements contained herein or
therein not misleading.

VI. INDEMNIFICATION

         The undersigned Subscriber acknowledges that Subscriber understands the
meaning and legal consequences of the representations and warranties set forth
in this Agreement, and hereby agrees to indemnify, defend and hold harmless the
Company and the Company's other investors, and the officers, directors,
shareholders, members, partners, agents, counsel, servants, employees,
Affiliates, parents and subsidiaries of each of them, from and against any and
all losses, costs, claims, expenses and damages (including reasonable attorneys'
fees and court costs), or liability due, which any one of them may incur by
reason of the failure of the undersigned to fulfill any of the terms or
conditions of this Agreement, or by reason of or attributable to any breach of
the representations and warranties made by the undersigned herein, or in any
document provided by the undersigned to the Company or the fact that any of such
representations and warranties or acknowledgments and understandings set forth
herein or therein are untrue or without adequate factual basis to be considered
true and not misleading.

VII. GENERAL PROVISIONS

         SECTION 7.01. Entire Agreement; Amendments. This Agreement (including
the exhibits, schedules and other documents referred to herein) contains the
entire agreement among the parties hereto with respect to the subject matter
hereof. This Agreement may be changed only by an instrument in writing signed by
the party against whom enforcement of any waiver, change, modification or
discharge is sought.

<PAGE>

         SECTION 7.02. Notices. All notices, requests, demands and other
communications shall be in writing and deemed to have been duly given when
delivered personally, by facsimile transmission upon receipt of a "clear" or
"ok" transmission notice, or three days following deposit in the United States
mail, first class, postage prepaid, certified mail, return receipt requested,
duly addressed as follows:

            If to Company:            Myriad Entertainment & Resorts, Inc.
                                      Suite 1000, 10050-112 Street, 10th Floor
                                      Edmonton, Alberta
                                      CANADA T5K 2J1
                                      Attention: President
                                      Fax: (780) 447-2981

            If to Subscribers:        To the names and addresses set forth
                                      on the signature pages hereto.

Any party may, pursuant to written notice in compliance with this Section, alter
or change the address or the identity of the person to whom any notice is to be
sent.

         SECTION 7.03. Further Assurances. Each party hereto shall do such
further acts, including executing any and all documents which may be necessary
or expedient, in order to further the purposes of this Agreement.

         SECTION 7.04. Governing Law; Venue. This Agreement shall be governed
by, and interpreted in accordance with, the laws of the State of Delaware. In
the event of any dispute or controversy arising under this Agreement or the
transactions contemplated herein, the parties mutually consent to the
jurisdiction of the state and federal courts in Wilmington, Delaware, and agree
that any litigation may be served outside Delaware with the same force and
effect as if service had been made in Delaware.

         SECTION 7.05. Severability. In case any one or more of the provisions
or any portion of any provision contained in this Agreement should be found to
be invalid, illegal or unenforceable in any respect, such provision or portion
thereof shall be modified or deleted in such manner so as to afford the parties
the fullest protection commensurate with making this Agreement, as modified,
legal and enforceable under applicable laws, and the validity, legality and
enforceability of any such provision shall not in any way be affected or
impaired thereby, such remaining provisions or portion of any such provision
construed as severable and independent thereof.

         SECTION 7.06. Article and Section Headings. The headings of Articles
and Sections of this Agreement are for convenient reference only, and shall not
in any manner govern, limit, modify or construe this Agreement or any part or
provisions hereof or otherwise be given any legal effect.

         SECTION 7.07. Pronouns; Gender; Number. When the context so requires in
this Agreement, the masculine gender includes the feminine and/or the neuter,
and the singular number includes the plural.

         SECTION 7.08. No Waiver. No term or condition of this Agreement shall
be deemed to have been waived, nor shall any party hereto be estopped from
enforcing any provision of this Agreement, except by written instrument of the
party charged with such waiver or estoppel. Any written waiver shall not be
deemed a continuing waiver unless specifically stated, shall operate only as to
the specific term or condition waived and shall not constitute a waiver of such
term or condition for the future or as to any act other than that specifically
waived.

         SECTION 7.09. Succession and Assignment. This Agreement shall be
binding upon and inure to the benefit of the parties named herein and their
respective successors and permitted assigns. No party may assign either this
Agreement or any of its rights, interests, or obligations hereunder without the
prior written approval of the other party.

         SECTION 7.10. Arbitration; Attorneys' Fees. Any dispute or conflict
which arises between the parties hereto shall be submitted to the American
Arbitration Association before a single arbitrator in accordance with its then
current Commercial Rules in Wilmington, Delaware, for arbitration and the
parties shall be bound by the results of such arbitration in accordance with
applicable law. If either party brings an action for judicial review or
enforcement of the arbitration proceedings, award or decision, the prevailing
party in any such action, trial or appeal shall be entitled to its reasonable
attorneys' fees to be paid by the nonprevailing party as fixed by the court.

<PAGE>

         SECTION 7.11. No Third-Party Beneficiaries. This Agreement shall not
confer any rights or remedies upon any person other than the Parties and their
respective successors and permitted assigns.

         SECTION 7.12. Expenses. Each of the parties will bear its own costs and
expenses (including legal fees and expenses) incurred in connection with this
Agreement and the transactions contemplated hereby.

         SECTION 7.13. Construction. The language used in this Agreement will be
deemed to be the language chosen by the parties to express their mutual intent,
and no rule of strict construction shall be applied against any party. Each
party has been represented by lawyers throughout this transaction who have
carefully negotiated the provisions of this Agreement. As a consequence, the
parties do not believe the presumption relating to the interpretation of
contracts against the drafter of any particular clause should be applied in this
case and therefore waive its effects. Any reference to any federal, state,
local, or foreign statute or law shall be deemed also to refer to all rules and
regulations promulgated thereunder, unless the context requires otherwise. The
parties intend that each representation, warranty, and covenant contained herein
shall have independent significance. If any party has breached any
representation, warranty, or covenant contained herein in any respect, the fact
that there exists another representation, warranty, or covenant relating to the
same subject matter (regardless of the relative levels of specificity) which the
party has not breached shall not detract from or mitigate the fact that the
party is in breach of the first representation, warranty, or covenant.

         SECTION 7.14. Incorporation of Exhibits and Schedules. The exhibits and
schedules identified in this Agreement are incorporated herein by reference and
made a part hereof.

         SECTION 7.15. Specific Performance. Each party acknowledges and agrees
that the other party would be damaged irreparably in the event any of the
provisions of this Agreement are not performed in accordance with their specific
terms or otherwise are breached. Accordingly, each party agrees that the other
party shall be entitled to an injunction or injunctions to prevent breaches of
the provisions of this Agreement and to enforce specifically this Agreement and
the terms and provisions hereof in any action instituted in any court of the
United States or any state thereof having jurisdiction over the parties and the
matter, in addition to any other remedy to which they may be entitled, at law or
in equity.

         SECTION 7.16. Counterparts; Facsimile Signatures. This Agreement may be
executed in one or more counterparts, each of which shall be deemed an original
but all of which together will constitute one and the same instrument. Each
party hereto, and its respective successors and assigns, shall be authorized to
rely upon the signatures of all of the parties hereto which are delivered by
facsimile as constituting a duly authorized, irrevocable, actual, current
delivery of this Agreement with original ink signatures of each person and
entity.

         SECTION 7.17. Finder's and Broker's Fees. Each of the Company and each
Subscriber hereto represents and warrants that it has retained no finder or
broker in connection with the transactions contemplated by this Agreement, and
hereby agrees to indemnify and to hold the other harmless from any liability for
any finder's or broker's fee to any broker or other person or firm (and the
costs and expenses of defending against such liability or asserted liability)
for which such indemnifying person, or any of its employees or representatives,
are responsible.

                         {SIGNATURES ON FOLLOWING PAGES]

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement, by their duly authorized representatives, all as of the date first
above written.

            COMPANY:                  MYRIAD ENTERTAINMENT & RESORTS, INC.

                                      By:
                                          --------------------------------------
                                      Scott Hawrelechko, Chief Executive Officer

SUBSCRIBERS:

                                           Number of Units: ____________________
 [Name of Subscriber]

By: _______________________________________
         [Signature]

___________________________________________
[Name and Title]

___________________________________________
[Mailing Street Address]

___________________________________________
[City, State and Zip Code]

___________________________________________
[Taxpayer Identification Number or
 Social Security Number]

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