Document:

Exhibit 10.1

    PURCHASE
      AGREEMENT - OWNERSHIP INTERESTS

     

    The
      undersigned, TPG, L.L.C., a Louisiana limited liability company (“Seller”), is
      the owner of all right, title and interest in 49 shares of common stock of
      Assured Pharmacies, Inc. (the “Company”), a Louisiana corporation, which equates
      to 49% of the total issued and outstanding common stock of the Company (the
      “Ownership Interests”). The Effective Date of this Agreement shall be December
      15, 2006.

     

    In
      consideration of the premises and the mutual covenants and conditions herein
      contained, Seller hereby agrees with Assured
      Pharmacy, Inc., a Nevada corporation (“Buyer”)
      as
      follows:

     

    1.
      Agreement
      to Sell and Purchase Ownership Interests.
      Seller
      hereby sells to Buyer, and Buyer hereby purchases from Seller, upon the terms
      and conditions hereinafter set forth, the Ownership Interests for consideration
      consisting of:

     

        (A) 
      50,000
      restricted shares of the Buyer’s common stock (“Shares”). The Shares shall be
      restricted for a period of not more than one (1) year from the date such Shares
      are transferred to Seller;

     

        (B) 
      The
      sum
      of $460,000 payable as follows:

     

    
      	(i)  	$15,000 payable on or before December 15,
              2006;

    

     

    
      	
              (ii)
                 

            	Eleven
              (11) consecutive monthly installments of $5,000 payable on or before
              the
              15th
              of
              each month commencing in January 2007 through November 2007;
              

    

     

    
      	(iii)  	
              Fourteen
                (14) consecutive monthly installments of $15,000 payable on or before
                the
                15th
                of
                each month commencing in December 2007 through January 2009;
                and

            

    

     

    
      	(iv)  	
              $180,000
                payable together with interest at the rate of prime plus 2% per annum
                commencing from the date of this Purchase Agreement payable on or
                before
                February 15, 2009. Interest shall accrue as of the effective date
                of this
                Agreement, which shall be the date first stated
                above.

            

    

     

    The
      Buyer
      shall execute a promissory note (“Note”) in favor of Seller evidencing the
      obligations specified in Section 1(B) hereof. The Note is attached hereto as
      Exhibit A, made a part of this Agreement, and is incorporated herein by
      reference. The Buyer shall have to option to prepay some or all of the agreed
      upon consideration without incurring any penalty. Payment shall be made by
      check
      payable to TPG, L.L.C. and shall be transmitted by Buyer via overnight courier
      for delivery not later than the 15th
      day of
      the month and addressed to:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TPG,
      L.L.C.

    C/O
      James
      P. Kovata

    Sullivan,
      Stolier & Resor (A Professional Law Corporation)

    909
      Poydras Street, Suite 2600

    New
      Orleans, Louisiana 70112-4000

     

    If
      the
      15th
      day of
      the month shall fall on a weekend or a legal holiday observed by the United
      States Government, then such payment must be received by the first business
      day
      following the weekend or legal holiday. Payment shall be deemed received upon
      the date it is actually received at the above referenced address, as long as
      such check is not returned to Seller as being not payable. In the event the
      check is returned as being not payable, or in the event such check is not
      received at the referenced address within five (5) days after it is due,
      Purchaser shall pay (without demand or notice) a late fee in the amount of
      five
      percent (5%) of the payment that is overdue. 

     

    2.
      Conditions
      Precedent to Buyer’s Obligation to Purchase.
      The
      Buyer’s obligation to purchase the Ownership Interests and take other actions
      required by this Purchase agreement is subject to the each of the following
      conditions:

     

    
      
        
              (A) 
            The
            resignation of A.J. LaSota as the Company’s President/C.E.O. and as a manager
            and/or member of the Company’s board of directors, and

        

      

       

      
        
              (B) 
            The
            resignation of William Davis as a manager and/or member of the Company’s board
            of directors. 

        

      

    

     

    3.
      Security
      Agreement.

     

    A. Buyer
      hereby pledges, grants a security interest in, mortgages, and collaterally
      assigns and transfers to Seller, as security for the performance in full when
      due of all obligations and the payment of all indebtedness contained herein
      and
      in the Note, all of Buyer’s right, title and interest in and to the Ownership
      Interests. Buyer shall hereby be deemed to have delivered to Seller the
      certificate evidencing ownership of the Ownership Interests after the Ownership
      Interest has been re-issued in the Buyer’s name pursuant to the sale addressed
      in Section 1 above (the “Ownership Interest Certificate”). 

    

    B. Upon
      complete satisfaction of the obligations contained herein and upon satisfaction
      of the Note, Seller shall promptly return to Buyer the Ownership Interest
      Certificate and any other documents evidencing ownership or rights to stock
      in
      the Company subsequently transferred to Seller pursuant to this Agreement.
      

    

    C. So
      long
      as Buyer is not in default of the Note or this Agreement, Buyer shall retain
      all
      voting rights with respect to the Ownership Interest. In the event of default
      of
      the Note or this Agreement, Seller shall have the right to vote the Ownership
      Interest and to exercise any and all additional corporate rights which a
      shareholder of the Company may exercise; provided however, that under no
      circumstances shall Buyer amend the Company’s articles of incorporation or
      otherwise change the Company’s state of incorporation. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    D. 
      Buyer
      and Seller’s rights and duties with regard to the Security Agreement granted
      herein, including, but not limited to, the parties’ rights and duties in the
      event of Buyer’s default under the Note or this Agreement, shall be governed by
      Article 9 of the Uniform Commercial Code. 

    

    E. Purchaser
      represents and warrants that, under no circumstances, shall Purchaser subject
      the Ownership Interests in the Company to any
      form of
      security agreement whatsoever other than the security interest granted to Seller
      under the terms of this Agreement.

     

    4.
      Seller's
      Representations and Warranties.
      Seller
      hereby represents and warrants that Seller has legal title to the Ownership
      Interest, free and clear of all liens, pledges, or encumbrances of any kind,
      nature, or description, with full and unrestricted legal power, authority,
      and
      right to enter into this Purchase and Sale Agreement (“Agreement”), to transfer
      and deliver the Ownership Interest to Buyer pursuant hereto.  Hereafter,
      Buyer will be the owner of the Ownership Interest and receive legal title to
      such Ownership Interest, free and clear of all liens, claims, pledges, or
      encumbrances of any kind, nature, or description, excepting only those
      restrictions contained in the Bylaws and Articles of Incorporation.  Seller
      does not retain any further right, title or interest in the Company whatsoever,
      except as specified herein. Seller covenants and agrees to warrant and defend
      the title to the Ownership Interest sold and conveyed to Buyer against all
      adverse claims. With respect to Seller’s receipt of the Shares as consideration
      for the Ownership Interest, Seller further represents and warrants as
      follows:

    

    
      	(A)  	
              An
                investment in the Buyer is highly speculative and only investors
                who can
                afford the loss of their entire investment should consider investing
                in
                the Buyer and the Shares;

            

    

    

    
      	(B)  	
              Seller
                has such knowledge and experience in finance, securities, investments,
                and
                other business matters so as to be able to protect its interests
                in
                connection with this transaction;

            

    

    

    
      	(C)  	
              Seller
                is an "Accredited Investor" as such term is defined in Rule 501 of
                Regulation D promulgated under the United States Securities Act of
                1933,
                as amended.

            

    

    

    
      	(D)  	
              Seller
                hereby acknowledges that this offering of Shares has not been reviewed
                by
                the United States Securities and Exchange Commission ("SEC") and
                that the
                Shares are being issued by the Company pursuant to an exemption from
                registration provided by Section 4(2) of the Securities Act of 1933
                and
                that the stock certificate evidencing the Shares received by Seller
                will
                contain a legend in substantially the following
                form:

            

    

    

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

     

    THE
      STOCK
      REPRESENTED BY THIS CERTIFICATE HAS BEEN ACQUIRED FOR INVESTMENT AND HAS NOT
      BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY APPLICABLE STATE SECURITIES
      LAWS.  WITHOUT SUCH REGISTRATION, SUCH SECURITIES MAY NOT BE SOLD OR
      OTHERWISE TRANSFERRED AT ANY TIME WHATSOEVER UNLESS IN THE OPINION OF COUNSEL
      SATISFACTORY TO THE COMPANY REGISTRATION IS NOT REQUIRED FOR SUCH TRANSFER
      AND
      THAT SUCH TRANSFER WILL NOT BE IN VIOLATION OF THE APPLICABLE FEDERAL AND STATE
      SECURITIES LAWS OR ANY RULE OR REGULATION PROMULGATED THEREUNDER.

    

    
      	(E)  	
              Seller
                is acquiring the Shares as principal for Seller’s own benefit and with the
                intent to hold the same indefinitely for investment purposes and
                not with
                a view to resale or distribution;

            

    

    

    
      	(F)  	
              Seller
                is not aware of any advertisement of the
                Shares.

            

    

     

    Seller’s
      representations, warranties, and duties contained in the Agreement shall survive
      the execution and delivery hereof and the delivery of Shares and Ownership
      Interest.

    

        
      5.  Buyer’s
      Representations and Warranties. 
      Buyer represents and warrants to the Seller that:

    

    (A)  
      Buyer is a corporation duly organized, existing and in good standing under
      the
      laws of the State of Nevada and has the corporate power to conduct the business
      which it conducts and proposes to conduct.

    

    (B)   
      Upon issue, the Shares will be duly and validly issued, fully paid and
      non-assessable common shares in the capital of the Buyer.

    

    6.
      Mutual
      Release. 
      Except with respect to the terms and conditions contained in this Agreement,
      Seller hereby releases, remises, acquits and forever discharges Buyer, and
      Buyer
      hereby releases, remises, acquits and forever discharges Seller, and their
      related or controlled entities, and all of their directors, officers, members,
      managers, partners, employees, servants, attorneys, assigns, heirs, successors,
      agents and representatives, past and present, and the respective successors,
      executors, administrators and any legal and personal representatives of each
      of
      the foregoing, and each of them, from any and all claims, demands, actions,
      causes of action, debts, liabilities, rights, contracts, obligations, duties,
      damages, costs, expenses or losses, of every kind and nature whatsoever, and
      by
      whomever asserted, whether at this time known or suspected, or unknown or
      unsuspected, anticipated or unanticipated, direct or indirect, fixed or
      contingent, or which may presently exist or which may hereafter arise or become
      known, in law or in equity, in the nature of an administrative proceeding or
      otherwise, for or by reason of any event, transaction, matter or cause
      whatsoever. The parties, and each of them, hereby further 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

      acknowledge
        and agree that the nature, extent and results of any claims of either of
        the
        parties against the other party may not now be known, anticipated or fully
        appreciated, but that the parties have entered into this Agreement in
        consideration of and in reliance upon the release provisions herein extending
        to
        claims which are presently not known or suspected to exist at the time of
        the
        execution of this Agreement. It is understood by the Buyer and the Seller
        (individually, each a “Party” and collectively, the “Parties”) that the facts
        with respect to which the foregoing release is given may hereafter turn out
        to
        be other than or different from the facts now known to a Party or the Parties
        or
        believed by a Party or the Parties to be true, and each Party therefore
        expressly assumes the risk of the facts turning out to be so different and
        agrees that the foregoing release shall be in all respects effective and
        not
        subject to termination or rescission by any such difference in
        facts. 

    

     

    7.
      General.
      This
      Agreement shall bind and inure to the benefit of Seller, Buyer, and their
      respective successors and assigns. The terms and provisions of this Agreement
      may not be modified or amended, or any of the provisions hereof waived except,
      in the case of modification and amendment, pursuant to the written consent
      of
      the parties to this Agreement, and, in the case of waiver, pursuant to a writing
      by the party so waiving. This Agreement constitutes the entirety of the
      agreement between the parties. This Agreement may be executed by one or more
      of
      the parties on any number of separate counterparts and all of said counterparts
      taken together shall be deemed to constitute one and the same instrument; in
      making proof of this Agreement, it shall not be necessary to produce or account
      for more than one counterpart thereof executed by the party to be charged.
      Section headings in this Agreement are for convenience of reference only.

    

    Dated
      this 12th day of December, 2006.

    

    

    
      	
              Assured
                Pharmacy, Inc. (“Buyer”)

               

              /s/
                Robert DelVecchio

              by:
                Robert DelVecchio

              its:
                Chief Executive Officer

            	 	
              TPG,
                L.L.C. (“Seller”) 

               

              /s/
                William Davis

              by:
                William Davis

              its:
                Manager

            

    

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    PROMISSORY
      NOTE

    

    
      
        	
                $460,000

              	
                December
                  15,
                  2006

              

      

    

     

    FOR
      GOOD
      AND VALUABLE CONSIDERATION, THE RECEIPT AND SUFFCIENCY OF WHICH IS ACKNOWLEDGED,
      Assured Pharmacy, Inc. ("Maker") hereby promises to pay to the order of TPG,
      L.L.C. ("Holder") at Las Vegas, Nevada, or at such other place as Holder shall
      designate, the sum of Four Hundred Sixty Thousand Dollars ($460,000) payable
      as
      follows:

     

    
      	(i)  	
              $15,000
                payable on or before December 15,
                2006;

            

    

     

    
      	(ii)  	
              Eleven
                (11) consecutive monthly installments of $5,000 payable on or before
                the
                15th
                of
                each month commencing in January 2007 through November 2007;
                

            

    

     

    
      	(iii)  	
              Fourteen
                (14) consecutive monthly installments of $15,000 payable on or before
                the
                15th
                of
                each month commencing in December 2007 through January 2009;
                and

            

    

     

    
      	(iv)  	
              $180,000
                payable together with interest at the rate of prime as reported in
                the
                Wall Street Journal plus 2% per annum commencing from the date of
                this
                Purchase Agreement payable on or before February 15, 2009. Interest
                shall
                accrue as of the effective date of this Agreement, which shall be
                the date
                first stated above

            

    

    

    In
      the
      event of Maker’s failure to pay when due any amount of principal under this
      Note, Maker shall be in default hereunder when and if such failure is not cured
      in full within thirty (30) days following delivery of written notice thereof
      from Holder to Maker.  The total unpaid principal balance under this Note
      shall, at the option of the Holder, become due and payable in full in the event
      that Maker fails to pay any past-due amount of principal under this Note within
      thirty (30) days following delivery of written notice as set forth
      above.

    

    This
      Note
      may be prepaid, in whole or in part, at any time and without penalty.

    

    The
      obligations of Maker under this Note are secured by a first lien and security
      interest in all of Maker’s right, title and interest the assets of Maker as more
      particularly described in that certain Security Agreement, executed and
      delivered contemporaneously herewith. 

    

    Maker
      hereby acknowledges that, notwithstanding any agreement securing this Note,
      this
      Note shall not be considered a “non-recourse” obligation.

    

    Interest
      shall be computed on the basis of a 365-day year or 366-day year as applicable,
      and actual days lapsed. Maker shall have the privilege of prepaying the
      principal under this Note in whole or in part, without penalty or premium at
      any
      time. All payments hereunder shall be applied first to interest, then to
      principal.

    

    All
      parties to this Note hereby waive presentment, dishonor, notice of dishonor
      and
      protest. All parties hereto consent to, and Holder is hereby expressly
      authorized to make, without notice, any and all renewals, extensions,
      modifications or waivers of the time for or the terms of payment of any sum
      or
      sums due hereunder, or under any documents or instruments relating to or
      securing this Note, or of the performance of any covenants, conditions or
      agreements hereof or thereof or the taking or release of collateral securing
      this Note. Any such action taken by Holder shall not discharge the liability
      of
      any party to this Note.

    

    

    
      	
              HOLDER

               

               

              TPG,
                LLC

               

              By:
                ____________________

               

              Its:
                ____________________

            	 	
              MAKER

               

               

              Assured
                Pharmacy, Inc.

               

              By:
                Robert DelVecchio

               

              Its:
                Chief Executive
                OfficerExhibit 10.1

    EXHIBIT
      10.1

     

     2006
      NON-QUALIFIED STOCK COMPENSATION PLAN

    

    

    

    2006
      NON-QUALIFIED STOCK COMPENSATION PLAN

    

    1. Purpose
      of Plan

    

    1.1 This
      2006
      NON-QUALIFIED STOCK
      COMPENSATION PLAN (the “Plan”) of Dark Dynamite Inc., a Nevada corporation (the
“Company”), for employees, directors, officers consultants, advisors and other
      persons associated with the Company, is intended to advance the best interests
      of the Company by providing those persons who have a substantial responsibility
      for its management and growth with additional incentive and by increasing their
      proprietary interest in the success of the Company, thereby encouraging them
      to
      maintain their relationships with the Company. Further, the availability and
      offering of stock options and Common Stock under the Plan supports and increases
      the Company's ability to attract and retain individuals of exceptional talent
      upon whom, in large measure, the sustained progress, growth and profitability
      of
      the Company depends.

    

    2. Definitions

    

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

    

    “Board”
      shall mean the Board of Directors of the Company.

    

    “Committee”
      shall mean the Compensation Committee, or such other committee appointed by
      the
      Board, which shall be designated by the Board to administer the Plan, or the
      Board if no committees have been established. The Committee shall be composed
      of
two
      or
      more persons
      as from
      time to time are appointed to serve by the Board. 

    

    “Common
      Shares” shall mean the Company's Common Shares, $.0001 par value per share, or,
      in the event that the outstanding Common Shares are hereafter changed into
      or
      exchanged for different shares of securities of the Company, such other shares
      or securities.

    

    “Company”
      shall mean Dark
      Dynamite Inc., a Nevada Corporation, and any parent or subsidiary corporation
      of
      Dark Dynamite Inc., as such terms are defined in Sections 425(e) and 425(f),
      respectively, of the Code.

    

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

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
       

    

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

    

    “Common
      Stock” shall mean shares of Common Stock which are issued by the Company
      pursuant to Section 5, below.

    

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

    

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

    

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

    

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

    

    3. Administration
      of the Plan

    

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

    

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

    

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

    

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

    

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

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

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

    

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

    

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

    

    4. Shares
      Subject to the Plan

    

    4.1 The
      total
      number of shares of the Company available for grants of Stock Options and Common
      Stock under the Plan shall be 5,000,000 Common Shares, subject to adjustment
      in
      accordance with Article 7 of the Plan, which shares may be either authorized
      but
      unissued or reacquired Common Shares of the Company.

    

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

    

    5. Award
      Of Common
      Stock

    

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

    

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

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

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

    

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

    

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

    

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

    

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

    

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

    

    6. Stock
      Option Terms and Conditions

    

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

    

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

    

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

    

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

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

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

    

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

     

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

    

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

    

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

    

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

    

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

     

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

    

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

    

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

    

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

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

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

     

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

    

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

    

    7. Adjustments
      or Changes in Capitalization

    

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

    

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

    

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

    

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

    

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

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    8. Merger,
      Consolidation or Tender Offer

    

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

    

    8.2 In
      the
      event that:

    

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

    

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

    

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

    

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

    

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

    

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

    

    9. Amendment
      and Termination of Plan

    

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

    

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

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

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

    

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

    

    10. Government
      and Other Regulations

    

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

    

    11. Miscellaneous
      Provisions

    

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

    

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

    

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

    

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

    

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

    

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

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

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

    

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

     

    12. Written
      Agreement

    

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

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    Number
      of
      Shares:_____        Date
      of
      Grant: ____

    

    FORM
      OF
      NON-QUALIFIED STOCK OPTION AGREEMENT

    

    AGREEMENT
      made this_____
      day
      of___________
      200__,
      between _________(the
      “Optionee”), and Dark
      Dynamite Inc.,
      (the
“Company”).

    

    1. Grant
      of Option

     

        The
      Company,
      pursuant to the provisions of the Non-Qualified Stock Compensation Plan (the
      “Plan”), adopted by the Board of Directors on December 8, 2006, the Company
      hereby grants to the Optionee, subject to the terms and conditions set forth
      or
      incorporated herein, an option to purchase from the Company all or any part
      of
      an aggregate of _______ shares
      of
      its $.0001 par value Common Stock, as such Common Stock is now constituted,
      at
      the purchase price of $________ per share. The provisions of the Plan governing
      the terms and conditions of the Option granted hereby are incorporated in full
      herein by reference.

    

    2. Exercise

     

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

     

                  
      Cumulative
      Number                                
  Prior
      to
      Date

                       
      of Shares   
 (Not
      Inclusive of)

    

    

    

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

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

       

                     
        3. Transferability

    

     

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

    

    Dark
      Dynamite Inc.

    

    

    By:

    Name:

    ATTEST:                                                                                                                                 
      Title:

    

    

    ________________________________________

    Secretary

     

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

    

    Dated:________                                                                                                                      
      __________________________________

    Optionee

     

                                                                                                                                                    
      __________________________________

    Print
      Name

     

                                                                                                                                                    
      __________________________________

                                                                                                                                                   
      Address

     

                                                                                                                                                   
__________________________________

    Social
      Security No.

     

    
 

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    ATTACHMENT
      B

    

    NOTICE
      OF
      EXERCISE

    

    

    

    To: Dark
      Dynamite Inc.,

    

    

    

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

     

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

     

    

    _______________________________

    (Name)

    

    _______________________________

    (Address)

    

    _______________________________

                                                                           
      (Address)

    

    

    

    Dated:

    

    

    ________________________

    Signature

    

    

    Optionee:_______________________         
        Date
      of
      Grant: ________________________

    

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      I

    

    

    
      	
              DATE

            	
              SHARES
                PURCHASED

            	
              PAYMENT
                RECEIVED

            	
              UNEXERCISED

              SHARES

              REMAINING

            	
              ISSUING

              OFFICER

              INITIALS

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

    

     

    
 

    
      
        
        

      

      
        13

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