Document:

VEGA-ATLANTIC CORPORATION

                        NON-QUALIFIED STOCK OPTION PLAN

                                  I. PURPOSES

     Vega-Atlantic Corporation, a Colorado corporation (the "Corporation")
desires to afford certain of its management, significant
contractors/consultants, and officers and directors of the Corporation who are
responsible for the continued growth of the Company an opportunity to acquire a
proprietary interest in the Company, thus providing them with a more direct
concern in the Corporation's welfare and assuring a close identification of
their interests with those of the Corporation.

     The Corporation, by means of this Non-Qualified Stock Option Plan (the
"Plan"), further desires to recognize outstanding performance by such
contractor/consultant and officer and director of the Corporation, and to enable
the Corporation to further attract and retain key personnel.

     The stock options ("Options") offered pursuant to this Plan are a matter of
separate inducement and not in lieu of any salary or other compensation for the
services of such contractor/consultant and officer and director of the
Corporation.

     The Board of Directors have determined that it is in the best interests of
the Corporation to comply with the provisions of Rule 16b-3 of the Securities
Exchange Act of 1934, as amended (the "1934 Exchange Act"), and adopts the Plan
in its entirety as follows.

                               II. EFFECTIVE DATE

     This Plan, having been adopted by the shareholders of the Corporation by
the affirmative vote of the holders of a majority of the securities of the
Corporation entitled to vote thereon, shall become effective as of 12:00 a.m.
(Pacific time) on May 1, 2000 (the 'Effective Date").

                                III. ELIGIBILITY

     Options may be granted to any significant contractor/consultant or officer
or director of the Corporation who, in the judgment of the Board of Directors,
contributes materially to the profitability and overall success of the
Corporation.

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                       IV. AMOUNT OF STOCK SUBJECT TO PLAN

     4.1 The total number of shares of Common Stock of the Corporation which may
be purchased pursuant to the exercise of Options granted under the Plan shall
not exceed an aggregate of 2,000,000 shares of authorized common stock, $.00001
par value, of the Corporation at $.25 per share (the "Common Stock").

     4.2 Shares which may be acquired under the Plan may be either authorized
but unissued shares of Common Stock, shares of issued Common Stock held in the
Corporation's treasury, or both, at the discretion of the Board of Directors.

                               V. GRANT OF OPTIONS

     5.1 The Corporation may, in accordance with the decisions of the Board of
Directors, from time to time during the period from the Effective Date through
12:01 a.m. (Pacific time) on April 30, 2010 (the "Termination Date"), grant to
certain significant contractors/consultants and officers and directors of the
Corporation, Options under the terms set forth herein. The Board of Directors
shall have complete authority to determine to whom Options shall be granted, the
time when such Options shall be granted, the number of shares of Common Stock
which shall be subject to each Option, the exercise price of such Options in
accordance with the provisions of Article VI, the period(s) during which such
Options shall be exercisable, and such other terms and provisions so long as
those terms and provisions are not inconsistent with the provisions of this
Plan.

     5.2 Such grant of Options under the Plan shall be non-cancelable by the
Corporation without cause and shall remain in full force and effect until either
exercised in accordance with the terms and provisions of Article VIII or the
expiration of such Options, in whole or in part, whichever occurs earlier.

     5.3 Any Options granted hereunder, shall not be transferable, other than by
will or the laws of descent and distribution, and shall be exercisable in
accordance with the terms and provisions of Article VIII by the holder thereof,
unless the holder thereof shall request in writing approval from the Board of
Directors for such transfer of Option and the Board of Directors, on a
case-by-case basis, has given approval for such transfer of Option, which
approval shall not be unreasonably withheld.

                          VI. OPTION PRICE AND PAYMENT

     6.1 The price ("Exercise Price") for each share of Common Stock purchasable
pursuant to any Option granted hereunder shall be $.25 per share.

     6.2 Upon the exercise of an Option granted hereunder, the Corporation shall
cause the purchased shares of Common Stock to be issued only when it shall have
received full payment of the option Exercise Price. Payment to the Corporation
of the amount of the option Exercise Price may be made at the election of the

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holder thereof as follows: (a) in cash; (b) the exchange and surrender of all or
part of the Options being exercised by the holder thereof; (c) by the tender to
the Corporation of shares of stock owned by the option holder and registered in
his or her name having a fair market value equal to the amount due to the
Corporation; (d) in other property rights deemed acceptable by the Board of
Directors, including the option holder's promissory note; or (e) any combination
of the payment methods specified in (a) through (d) above. Notwithstanding the
foregoing, the Options being herein granted shall at all times be exercisable on
a cashless basis as set forth above.

            VII. TERM OF OPTION AND LIMITATIONS ON RIGHT OF EXERCISE

     7.1 Any Options granted hereunder shall be exercisable at such times, in
such amounts and during such periods as the Board of Directors, as the case may
be, shall determine at the date of the grant of such Option. In no event shall
an Option granted hereunder be exercised for a fraction of a share of Common
Stock.

     7.2 To the extent that an Option is not exercised within the period of
exercisability as the Board of Directors specifies, it shall expire as to the
then unexercised part. If any Option granted hereunder shall terminate prior to
the Termination Date, the Board of Directors shall have the right to use the
shares of Common Stock as to which such Option shall not have been exercised to
grant one or more additional Options to any eligible person, but any such grant
of an additional Option shall be made prior to the Termination Date.

     7.3 Notwithstanding subsection 7.1 above, any Options granted hereunder
shall expire on the Termination Date.

                           VIII. EXERCISE OF OPTIONS

     Options granted under the Plan shall be exercised by the holder thereof as
to all or part of the shares of Common Stock covered thereby by the giving of
written notice of the exercise thereof to the Secretary of the Corporation at
the principal business office of the Corporation, specifying the number of
shares of Common Stock to be purchased and specifying a business day not more
than fifteen (15) days from the date such notice is received by the Corporation,
for the payment of the Exercise Price. The Corporation shall cause certificates
for the shares of Common Stock so purchased to be delivered to the option holder
at the principal business office of the Corporation upon receipt of payment of
the full purchase price. IX.

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                         IX. TERMINATION OF EMPLOYMENT
                                 OR ASSOCIATION

     9.1 If a person to whom an Option has been granted under this Plan ceases
for any reason to be an officer or director of the Corporation or a
contractor/consultant of the Corporation, the Option (or the unexercised portion
thereof) shall not be cancelable by the Corporation without cause and shall
remain in full force and effect during the period of exercisability, as
designated by the Board of Directors at the time of the grant of such Option.

     9.2. If such person dies while as an officer or director of the Corporation
or as a contractor/consultant of the Corporation, then such Option shall be
exercisable by the beneficiary of such person within the period of
exercisability, as designated by the Board of Directors at the time of the grant
of the Option. If an Option granted hereunder, it shall be exercised by a person
who acquired the Option by bequest or inheritance or by reason of the death of
the option holder, written notice of such exercise shall be accompanied by a
certified copy of letters testamentary or equivalent proof of the right of such
person to exercise such Option.

     9.3 Notwithstanding the preceding paragraphs of this Article IX, no Option
may be exercised after the expiration of the period of exercisability provided
for in such Option.

                       X. ADJUSTMENT FOR CORPORATE CHANGES

     In the event of any change in the outstanding shares of Common Stock
through merger, consolidation, reorganization, recapitalization, stock dividend,
stock split, split-up, split-off, spin-off, combination of shares, exchange of
shares, or other like change in capital structure of the Corporation, an
adjustment shall be made to each outstanding Option such that each such Option
shall thereafter be exercisable for such securities, cash and/or other property
as would have been received in respect of the shares of Common Stock subject to
such Option had such Option been exercised in full immediately prior to such
change, and such an adjustment shall be made successively each time any such
change shall occur. In addition, the Board of Directors shall make any further
adjustment as may be appropriate to the maximum number of shares of Common Stock
of which options may be granted to any one person, and the number of shares of
Common Stock and price per share of Common Stock subject to outstanding Options
as shall be equitable to prevent dilution or enlargement of rights under such
Options, and the determination of the Board of Director as to these matters
shall be conclusive.

                        XI. EFFECT OF PLAN ON EMPLOYMENT

     11.1 The Plan shall not impose any obligation on the Corporation to
continue the employment of any holder of an Option, whether as an officer or
director of the Corporation or as a contractor/consultant of the Corporation;
and it shall not impose any obligation on the part of any holder of an Option to
remain in such employ of the Corporation.

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     11.2 No person shall have, under any circumstances, any interest
whatsoever, vested or contingent, in any particular property or assets of the
Corporation.

     11.3 This Plan shall not be deemed a substitute for, and shall not preclude
the establishment or continuation of any other practice or arrangement that may
now or hereafter be provided for the payment of compensation, special awards or
benefits including, but limited to, savings, thrift, profit-sharing, pension,
retirement, group insurance or health care plans. Any such arrangements may be
authorized by the Board of Directors and payment thereunder made independently
of this Plan.

                               XII. ADMINSTRATION

     12.1 The Board of Directors is authorized to interpret and administer this
Plan, and to establish general criteria and precedents for the terms and
conditions upon which options shall be granted.

     12.2 Subject to the express provisions of the Plan, the Board of Directors
shall have the authority, in its discretion, to determine the persons to whom
Options shall be granted, the time when such Options shall be granted, the
number of shares of Common Stock which shall be subject to each Option, the
exercise price of each share of Common Stock which shall be subject to each
Option, the period(s) during which such Options shall be exercisable (whether in
whole or in part), and the other terms and provisions thereof.

     12.3 Subject to the express provisions of the Plan, the Board of Directors
also shall have the authority to construe the Plan and Options granted
thereunder, to amend the Plan and Options to be granted thereunder, to determine
the terms and provisions of the respective Options (which need not be identical)
and to make all other determinations necessary or advisable for administering
the Plan. In the event the Corporation is required to comply with the reporting
requirements under the 1934 Exchange Act, at the time of the grant of Option,
the Board of Directors shall also have the authority to require as a condition
of the granting of any such Option, that the holder thereof agree not to sell or
otherwise dispose of shares of Common Stock acquired pursuant to the exercise of
any such Option for a period of six (6) months following the date of acquisition
of such shares of Common Stock.

     12.4 The determination of the Board of Directors on matters referred to in
this Article XII shall be conclusive.

     12.5 The Board of Directors may employ such legal counsel, consultants and
agents as it may deem desirable for the administration of the Plan and may rely
upon any opinion received from any such counsel or consultant and any

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computation received from any such consultant or agent. Expenses incurred by the
Board of Directors in the engagement of such counsel, consultant or agent shall
be paid by the Corporation. No member or former member of the Board of Directors
shall be liable for any action or determination made in good faith with respect
to the Plan or any Option granted hereunder.

                          XIII. PURCHASE FOR INVESTMENT

     Except as hereafter provided, the holder of an Option granted hereunder
shall, upon any exercise thereof, execute and deliver to the Corporation a
written statement, in form satisfactory to the Corporation, in which such holder
represents and warrants that such holder is purchasing or acquiring the shares
of Common Stock acquired thereunder for such holder's own account, for
investment only and not with a view to the resale or distribution thereof, and
agrees that any subsequent offer for sale or sale or distribution of any such
shares of Common Stock shall be made pursuant to either (a) a Registration
Statement on an appropriate form under the Securities Act of 1933, as amended
(the "1933 Securities Act"), which Registration Statement has become effective
and is current with regard to the shares of Common Stock being offered and sold,
or (b) a specific exemption from the registration requirements of the 1933
Securities Act, but in claiming such exemption the holder shall, prior to any
offer for sale or sale of such shares of Common Stock, obtain a prior favorable
written opinion, in form and substance satisfactory to the Corporation, from
counsel for or approved by the Corporation, as to the applicability of such
exemption thereto. The foregoing restrictions shall not apply to (i) issuances
by the Corporation so long as the shares of Common Stock being issued are
registered under the 1933 Securities Act and a prospectus in respect thereof is
current, or (ii) reofferings of shares of Common Stock by affiliates of the
Corporation (as defined in Rule 405 or any successor rule or regulation
promulgated under the 1933 Securities Act) if the shares of Common Stock being
reoffered are registered under the 1933 Securities Act and a prospectus in
respect thereof is current.

                         XIV. ISSUANCE OF CERTIFICATES

     14.l Upon any exercise of an Option which may be granted hereunder and
payment of the purchase price, a certificate or certificates for the shares of
Common Stock as to which the Option has been exercised shall be issued by the
Corporation in the name of the person exercising the Option and shall be
delivered to or upon the order of such person.

     14.2 The Corporation may endorse such legend or legends upon the
certificates for shares of Common Stock issued upon exercise of an option
granted hereunder, and may issue such "stop transfer" instructions to its
transfer agent in respect of such shares of Common Stock as, in its discretion,
it determines to be necessary or appropriate to (i) prevent a violation of, or
to perfect an exemption from, the registration requirements of the 1933
Securities Act, or (ii) implement the provisions of the Plan and any agreement
between the Company and the option holder with respect to such shares of Common
Stock.

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     14.3 The Corporation shall pay all issue taxes with respect to the issuance
of shares of Common Stock, as well as all fees and expenses necessarily incurred
by the Corporation in connection with such issuance.

     14.4 All shares of Common Stock issued as provided herein shall be fully
paid and non-assessable to the extent permitted by law.

                             XV. AMENDMENT OF PLAN

     15.1 The Board of Directors may, from time to time, amend this Plan or any
provisions thereof, except that any amendment to the Plan shall be approved by
the affirmative vote of the holders of a majority of the securities of the
Corporation entitled to vote thereon or by the written consent of the holders of
a majority of the securities of the Corporation entitled to vote; provided that,
if the Corporation is subject to the reporting requirements of the 1934 Exchange
Act, such vote or written consent shall be solicited substantially in accordance
with the rules and regulations, if any, in effect under Section 14(a) of the
1934 Exchange Act at the time of such vote or written consent all in accordance
with Rule 16b-3(a), if such amendment would:

(i)   materially increase the benefits accruing to persons under the Plan;
(ii)  materially increase the number of shares of Common Stock which may be
      issued under the Plan, or
(iii) materially modify the requirements as to participation in the Plan.

     15.2 The Board of Directors may suspend or discontinue the Plan. The Plan,
unless sooner terminated by the Board of Directors, shall terminate at the close
of business on the Termination Date. An Option may not be granted while the Plan
is suspended or after it is terminated. Rights and obligations under any Option
granted shall not be altered or impaired by suspension or termination of the
Plan, and shall remain in full force and effect according to their respective
provisions. The power of the Board of Directors to construe and administer any
Options granted prior to the termination or suspension of the Plan nevertheless
shall continue after such termination of during such suspension.

                                       7June 14, 2000

Mr. Peter Bryant
335 High Street
Denver, CO  80218

Dear Peter:

The Board of Directors of InfoNow Corporation (hereafter referred to as "the
Company") is pleased to offer you the position of President, InfoNow
Corporation. The position is one that offers great challenge and an opportunity
for accelerated professional growth in a dynamic environment.

This letter embodies the terms of our offer of employment to you:

TERM

The term of this agreement shall be 36 months, beginning on the first date of
employment.

BASE SALARY

You will be paid a semi-monthly gross salary in the amount of $7,916.67, paid on
the 15th and last day of each month.

PERFORMANCE BONUS

You will be included in the Company's executive compensation program which will
pay you a bonus based on defined annual revenue, earnings and operational
targets ("Targets"). These Targets will be established by the CEO and Board of
Directors during the first three months of your employment, and then for each
InfoNow fiscal year thereafter. You have the potential to receive additional
annual compensation as follows:

Percentage Achievement of "Targets"              Bonus Award
                                                 (Based on 12 month fiscal year)

        100% Achievement                               $ 55,000

        131.25% Achievement                            $ 68,750

        162.5% Achievement                             $110,000

The CEO and Board of Directors may assign additional bonuses for achievement
beyond 162.5% of annual "Targets".

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EQUITY

The Board of Directors has approved the grant of a non-incentive stock option to
purchase 200,000 shares of InfoNow common stock upon acceptance of this
Agreement. Seven (7) months after the grant of your options, 7/36ths of the
stock option will be vested and you will continue vesting at the rate of 1/36th
per month of employment thereafter. Vested options have a five-year exercise
period from the date of grant and will be priced at the fair market value (FMV)
of the Company's common stock on the grant date. The Company defines fair market
value as the mean of the bid and ask price at the close of business on the day
the option is granted by the Board of Directors.

In the event of a merger of the Company where it is not the surviving entity;
the sale of substantially all of the Company's assets; or the termination of
your employment immediately following a change of control of the Company, all
options granted under this agreement shall vest according to the schedule below:

o    During your first 12 months of employment: 1/36 of your stock option shall
     vest for each completed month of employment at the date of the change in
     control. In addition, 50% of the remaining unvested shares underlying
     options will also vest.

o    After your first 12 months of employment: 100% of unvested options will
     vest upon a change of control as defined above.

BENEFITS

The standard InfoNow benefits package will be extended to you as outlined in the
Employee Handbook.

As per the company's current guidelines, you will be reimbursed up to $75 per
month for parking. Every effort will be made to expedite a parking space in the
building garage.

VACATION

You will receive four weeks of paid vacation per year, in addition to normal
InfoNow holidays as outlined in the Employee Handbook.

OTHER

Upon appropriate documentation, you may be reimbursed up to a maximum of $30,000
for bonuses that were earned but not received due to your departure date from
Mincom.

You will be provided with a notebook personal computer.

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SEVARANCE

In the event that the Company terminates you without cause, you will receive
severance payments for a period of nine months following the date of your
termination at a rate equal to 75% of your then in force base salary rate.
Unless otherwise provided in the "Equity" section regarding " . . . change of
control", the Company will immediately vest 25% of all unvested options granted
to you.

TERMINATION

The Company may terminate your employment for cause. The term "cause" in this
agreement means your conviction of a felony or acts of fraud or flagrant
dishonesty.

                                            For the Board of Directors,

                                            Michael W. Johnson, Chairman and CEO

I have read and accept the terms and conditions of employment contained herein.

--------------------------                          -----------------
Peter Bryant                                        Date

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