Document:

EAGLE LAKE INCORPORATED

                          2005 LONG-TERM INCENTIVE PLAN

         EAGLE LAKE INCORPORATED, a Nevada corporation (the "Company"), hereby
adopts this 2005 Long-Term Incentive Plan (the "Plan").

         1. Purposes of the Plan. The Board has adopted this Plan with the
intent, and directs that it be administered as necessary, to attract and retain
the best available personnel for positions of substantial responsibility;
provide additional incentive to Employees, Directors and Consultants; and
promote the success of the Company's business. Options granted under the Plan
may be Incentive Stock Options or Nonstatutory Stock Options, as determined by
the Administrator at the time of grant. Stock Purchase Rights and Restricted
Stock Units may also be granted under the Plan.

         2. Definitions. As used herein, the following definitions shall apply:

                  (a) "Administrator" means the Board or any of its Committees
         as shall be administering the Plan in accordance with section 4 of the
         Plan.

                  (b) "Applicable Laws" means the requirements relating to the
         administration of stock option plans under the corporate laws of the
         state in which the Company is incorporated, federal and state
         securities laws, the Code, the regulations and policies of any stock
         exchange or quotation system on which the Common Stock is listed or
         quoted, and the Applicable Laws of any foreign country or jurisdiction
         where Options, Stock Purchase Rights, or Restricted Stock Units are or
         will be granted under the Plan.

                  (c) "Board" means the Board of Directors of the Company.

                  (d) "Code" means the Internal Revenue Code of 1986, as
         amended.

                  (e) "Committee" means a committee of Directors appointed by
         the Board in accordance with section 4 of the Plan.

                  (f) "Common Stock" means the common stock of the Company.

                  (g) "Company" means Eagle Lake Incorporated, a Nevada
         corporation.

                  (h) "Consultant" means any person, including an advisor,
         engaged by the Company or a Parent or Subsidiary to render services to
         such entity, including, at the discretion of the Administrator, an
         entity that is not a natural person.

                  (i) "Director" means a member of the Board.

                  (j) "Disability" means total and permanent disability as
         defined in Section 22(e)(3) of the Code.

                  (k) "Employee" means any person, including Officers and
         Directors, employed by the Company or any Parent or Subsidiary of the
         Company. A Service Provider shall not cease to be an Employee in the
         case of (i) any leave of absence approved by the Company (or the Parent
         or Subsidiary that employs the Employee), or (ii) transfers between
         locations of the Company or between the Company, its Parent, any
         Subsidiary, or any successor. For purposes of Incentive Stock Options,

<PAGE>

         no such leave may exceed 90 days, unless reemployment upon expiration
         of such leave is guaranteed by statute or contract. If reemployment
         upon expiration of a leave of absence approved by the Company is not so
         guaranteed, then three months following the 91st day of such leave, any
         Incentive Stock Option held by the Optionee shall cease to be treated
         as an Incentive Stock Option and shall be treated for tax purposes as a
         Nonstatutory Stock Option. Neither service as a Director nor payment of
         a Director's fee by the Company shall be sufficient to constitute
         "employment" by the Company.

                  (l) "Exchange Act" means the Securities Exchange Act of 1934,
         as amended.

                  (m) "Fair Market Value" means, as of any date, the value of
         Common Stock determined as follows:

                           (i) if the Common Stock is listed on any established
                  stock exchange or a national market system, including the
                  Nasdaq National Market or the Nasdaq SmallCap Market of the
                  Nasdaq Stock Market, its Fair Market Value shall be the
                  closing sales price for such stock (or the closing bid, if no
                  sales were reported) as quoted on such exchange or system on
                  the day of determination, as reported by Nasdaq, The Wall
                  Street Journal, or such other source as the Administrator
                  deems reliable;

                           (ii) if the Common Stock is regularly quoted in an
                  inter-dealer quotation medium, but selling prices are not
                  reported, the Fair Market Value of a Share shall be the mean
                  between the high bid and low asked prices for the Common Stock
                  on the day of determination, as reported by such inter-dealer
                  quotation medium, The Wall Street Journal, or such other
                  source as the Administrator deems reliable; or

                           (iii) in the absence of an established market for the
                  Common Stock, the Fair Market Value shall be determined in
                  good faith by the Administrator.

                  (n) "Incentive Stock Option" means an Option intended to
         qualify as an incentive stock option within the meaning of Section 422
         of the Code and the regulations promulgated thereunder.

                  (o) "Inside Director" means a Director who is an Employee.

                  (p) "Nonstatutory Stock Option" means an Option not intended
         to qualify as an Incentive Stock Option.

                  (q) "Notice of Grant" means a written or electronic notice
         evidencing certain terms and conditions of an individual Option, Stock
         Purchase Right, or Restricted Stock Unit grant. The Notice of Grant is
         part of, and subject to the terms of, the Option Agreement or the
         Restricted Stock Units Agreement as applicable.

                  (r) "Officer" means a person who is an executive officer of
         the Company within the meaning of Section 16 of the Exchange Act and
         the rules and regulations promulgated thereunder.

                  (s) "Option" means a stock option granted pursuant to the
         Plan.

                                       2
<PAGE>

                  (t) "Option Agreement" means an agreement between the Company
         and an Optionee evidencing the terms and conditions of an individual
         Option grant. The Option Agreement is subject to the terms and
         conditions of the Plan.

                  (u) "Option Exchange Program" means a program whereby
         outstanding Options are surrendered in exchange for Options with a
         lower exercise price.

                  (v) "Optioned Stock" means the Common Stock subject to an
         Option or Stock Purchase Right.

                  (w) "Optionee" means the holder of an outstanding Option or
         Stock Purchase Right granted under the Plan.

                  (x) "Outside Director" means a Director who meets the
         definition of both a "Non-Employee Director" (as defined in Rule 16b-3
         of the Exchange Act) and "Outside Director" (as defined in Section
         162(m) of the Code).

                  (y) "Parent" means a "parent corporation," whether now or
         hereafter existing, as defined in Section 424(e) of the Code.

                  (z) "Participant" means a Service Provider to whom the Company
         has granted a Restricted Stock Unit pursuant to section 17 of the Plan.

                  (aa) "Plan" means this 2005 Long-Term Incentive Plan, as the
         same may be amended and restated from time to time.

                  (bb) "Restricted Stock" means Shares acquired pursuant to a
         grant of Stock Purchase Rights under section 11 of the Plan.

                  (cc) "Restricted Stock Purchase Agreement" means a written
         agreement between the Company and the Optionee evidencing the terms and
         restrictions applying to stock purchased under a Stock Purchase Right.
         The Restricted Stock Purchase Agreement is subject to the terms and
         conditions of the Plan and the Notice of Grant.

                  (dd) "Restricted Stock Unit" means a bookkeeping entry
         representing a right granted to a Participant pursuant to section 12 of
         the Plan to receive a Share on a date determined in accordance with
         section 12 of the Plan and the Participant's Restricted Stock Units
         Agreement.

                  (ee) "Restricted Stock Units Agreement" means a written
         agreement between the Company and a Participant who is granted
         Restricted Stock Units under the Plan that contains the terms,
         conditions, and restrictions pertaining to the grant of the Restricted
         Stock Units.

                  (ff) "Rule 16b-3" means Rule 16b-3 of the Exchange Act or any
         successor to Rule 16b-3, as in effect when discretion is being
         exercised with respect to the Plan.

                  (gg) "Section 16(b)" means Section 16(b) of the Exchange Act.

                  (hh) "Service Provider" means an Employee, Director, or
         Consultant.

                  (ii) "Share" means a share of Common Stock, as adjusted in
         accordance with section 16 of the Plan.

                                       3
<PAGE>

                  (jj) "Stock Purchase Right" means the right to purchase Common
         Stock pursuant to section 11 of the Plan, as evidenced by a Notice of
         Grant.

                  (kk) "Subsidiary" means a "subsidiary corporation," whether
         now or hereafter existing, as defined in Section 424(f) of the Code.

         3. Stock Subject to the Plan. Subject to the provisions of section 16
of the Plan, the maximum aggregate number of Shares on which Options may be
granted and which may be sold on the exercise of such Options and under
Restricted Stock Purchase Agreements under the Plan is 6,000,000 Shares. The
Shares may be authorized, but unissued, or reacquired Common Stock. If an Option
or Stock Purchase Right expires or becomes unexercisable without having been
exercised in full or is surrendered pursuant to an Option Exchange Program, or
if Restricted Stock Units are forfeited, the unpurchased or unissued Shares that
were subject thereto shall become available for future grant or sale under the
Plan (unless the Plan has terminated); provided, however, that Shares that have
actually been issued under the Plan, whether upon exercise of an Option or
Right, or upon the vesting of Restricted Stock Units, shall not be returned to
the Plan and shall not become available for future distribution under the Plan,
except that if shares of Restricted Stock are repurchased by the Company at
their original purchase price, such Shares shall become available for future
grant under the Plan.

         4. Administration of the Plan.

                  (a) Procedure.

                           (i) The Board may designate different Committees to
                  administer the Plan with respect to different groups of
                  Service Providers.

                           (ii) To the extent that the Administrator determines
                  it to be desirable to qualify Options granted hereunder as
                  "performance-based compensation" within the meaning of Section
                  162(m) of the Code, the Plan shall be administered by a
                  Committee of two or more "Outside Directors" within the
                  meaning of Section 162(m) of the Code.

                           (iii) To the extent desirable to qualify transactions
                  hereunder as exempt under Rule 16b-3, the transactions
                  contemplated hereunder shall be structured to satisfy the
                  requirements for exemption under Rule 16b-3.

                           (iv) Other than as provided above, the Plan shall be
                  administered by the Board or a Committee, which Committee
                  shall be constituted to satisfy Applicable Laws.

                  (b) Powers of the Administrator. Subject to the provisions of
         the Plan, and in the case of a Committee, subject to the specific
         duties delegated by the Board to such Committee, the Administrator
         shall have the authority, in its discretion:

                           (i) to determine the Fair Market Value pursuant to
                  section 2(m)(iii) of the Plan;

                           (ii) to select the Service Providers to whom Options,
                  Stock Purchase Rights, and Restricted Stock Units may be
                  granted hereunder;

                           (iii) to determine the number of Stock Purchase
                  Rights and Shares to be covered by each Option or Stock
                  Purchase Right granted hereunder;

                                       4
<PAGE>

                           (iv) to approve forms of agreement for use under the
                  Plan;

                           (v) to determine the terms and conditions, not
                  inconsistent with the terms of the Plan, of any Option, Stock
                  Purchase Right, or Restricted Stock Unit granted hereunder.
                  Such terms and conditions include the exercise price, the time
                  or times when Options or Stock Purchase Rights may be
                  exercised (which may be based on performance criteria), any
                  vesting acceleration or waiver of forfeiture restrictions, and
                  any restriction or limitation regarding any Restricted Stock
                  Unit, Option, or Stock Purchase Right or the Shares relating
                  thereto, based in each case on such factors as the
                  Administrator, in its sole discretion, shall determine;

                           (vi) to cancel any Option or Stock Purchase Right if
                  the Fair Market Value of the Common Stock covered by such
                  Option or Stock Purchase Right shall have declined since the
                  date the Option or Stock Purchase Right was granted and may
                  issue replacement Options or Stock Purchase Rights with an
                  exercise price equal to the then-current Fair Market Value;

                           (vii) to institute an Option Exchange Program;

                           (viii) to construe and interpret the terms of the
                  Plan and awards granted pursuant to the Plan;

                           (ix) to establish, amend and rescind rules and
                  regulations relating to the Plan, including rules and
                  regulations relating to subplans established for the purpose
                  of satisfying applicable foreign laws;

                           (x) to modify or amend each Option, Stock Purchase
                  Right, or Restricted Stock Unit (subject to section 18(c) of
                  the Plan), including the discretionary authority to extend the
                  post-termination exercisability period of Options longer than
                  is otherwise provided for in the Plan;

                           (xi) to authorize any person to execute on behalf of
                  the Company any instrument required to effect the grant of an
                  Option, Stock Purchase Right, or Restricted Stock Unit
                  previously granted by the Administrator;

                           (xii) to correct any defect, supply any omission, or
                  reconcile any inconsistency in the Plan or in any Option or
                  Restricted Stock Units Agreement, in a manner and to the
                  extent it shall deem necessary, all of which determinations
                  and interpretations made by the Administrator shall be
                  conclusive and binding on all Optionees and Participants, any
                  other holders of Options or Restricted Stock Units, and their
                  legal representatives and beneficiaries;

                           (xiii) except to the extent prohibited by or
                  impermissible in order to obtain treatment desired by the
                  Administrator under Applicable Law or rule, to allocate or
                  delegate all or any portion of its powers and responsibilities
                  to any one or more of its members or to any person(s) selected
                  by it, subject to revocation or modification by the
                  Administrator of such allocation or delegation; and

                           (xiv) to make all other determinations deemed
                  necessary or advisable for administering the Plan.

                                       5
<PAGE>

                  (c) Effect of Administrator's Decision. The Administrator's
         decisions, determinations, and interpretations shall be final and
         binding on all Optionees and Participants and any other holders of
         Options, Stock Purchase Rights, or Restricted Stock Units.

         5. Eligibility. Nonstatutory Stock Options, Stock Purchase Rights, and
Restricted Stock Units may be granted to Service Providers. Incentive Stock
Options may be granted only to Employees.

         6. Limitations.

                  (a) Designation. Each Option shall be designated in the Option
         Agreement as either an Incentive Stock Option or a Nonstatutory Stock
         Option. However, notwithstanding such designation, to the extent that
         the aggregate Fair Market Value of the Shares with respect to which
         Incentive Stock Options are exercisable for the first time by the
         Optionee during any calendar year (under all Plans of the Company and
         any Parent or Subsidiary) exceeds $100,000, such Options shall be
         treated as Nonstatutory Stock Options. For purposes of this section
         6(a), Incentive Stock Options shall be taken into account in the order
         in which they were granted. The Fair Market Value of the Shares shall
         be determined as of the time the Option with respect to such Shares is
         granted.

                  (b) No Right of Continuing Service or Employment. Neither the
         Plan nor any Option, Stock Purchase Right, or Restricted Stock Unit
         shall confer upon an Optionee or Participant any right with respect to
         continuing the Optionee's or Participant's relationship as a Service
         Provider with the Company, nor shall they interfere in any way with the
         existing right of the Optionee, Participant, or the Company to
         terminate such relationship.

         7. Term of Plan. Subject to section 22 of the Plan, the Plan shall
become effective upon its adoption by the Board. It shall continue in effect for
a term of 10 years unless terminated earlier under section 18 of the Plan.

         8. Term of Option. The term of each Option shall be stated in the
Option Agreement. In the case of an Incentive Stock Option, the term shall be 10
years from the date of grant or such shorter term as may be provided in the
Option Agreement. Moreover, in the case of an Incentive Stock Option granted to
an Optionee who, at the time the Incentive Stock Option is granted, owns stock
representing more than 10% of the total combined voting power of all classes of
stock of the Company or any Parent or Subsidiary, the term of the Incentive
Stock Option shall be five years from the date of grant or such shorter term as
may be provided in the Option Agreement.

         9. Option Exercise Price and Consideration.

                  (a) Exercise Price. The per Share exercise price for the
         Shares to be issued pursuant to exercise of an Option shall be
         determined by the Administrator and specified in the Option Agreement,
         subject to the following:

                           (i) In the case of an Incentive Stock Option:

                                    (1) granted to an Employee who, at the time
                           the Incentive Stock Option is granted, owns stock
                           representing more than 10% of the voting power of all
                           classes of stock of the Company or any Parent or
                           Subsidiary, the per Share exercise price shall be no
                           less than 110% of the Fair Market Value per Share on
                           the date of grant.

                                       6
<PAGE>

                                    (2) granted to any Employee other than an
                           Employee described in subsection 9(a)(i)(1)
                           immediately above, the per Share exercise price shall
                           be no less than 100% of the Fair Market Value per
                           Share on the date of grant.

                           (ii) In the case of a Nonstatutory Stock Option, the
                  per Share exercise price shall be determined by the
                  Administrator. In the case of a Nonstatutory Stock Option
                  intended to qualify as "performance-based compensation" within
                  the meaning of Section 162(m) of the Code, the per Share
                  exercise price shall be no less than 100% of the Fair Market
                  Value per Share on the date of grant.

                           (iii) In the event of a merger or other corporate
                  transaction, a new Option may be substituted for an
                  outstanding Option, or such outstanding Option may be assumed.

                  (b) Waiting Period and Exercise Dates. At the time an Option
         is granted, the Administrator shall fix the period within which the
         Option may be exercised and shall determine any conditions that must be
         satisfied before the Option may be exercised.

                  (c) Form of Consideration. The Administrator shall determine
         the acceptable form of consideration for exercising an Option,
         including the method of payment. Such consideration may consist
         entirely of:

                           (i) cash;

                           (ii) check;

                           (iii) other Shares, provided Shares acquired from the
                  Company have been owned by the Optionee for more than six
                  months on the date of surrender and have a Fair Market Value
                  on the date of surrender equal to the aggregate exercise price
                  of the Shares as to which said Option shall be exercised;

                           (iv) consideration received by the Company under a
                  cashless exercise program implemented by the Company in
                  connection with the Plan;

                           (v) a reduction in the amount of any Company
                  liability to the Optionee, including any liability
                  attributable to the Optionee's participation in any
                  Company-sponsored deferred compensation program or
                  arrangement;

                           (vi) any combination of the foregoing methods of
                  payment; or

                           (vii) such other consideration and method of payment
                  for the issuance of Shares to the extent permitted by
                  Applicable Laws.

         In the case of an Incentive Stock Option, the Administrator shall
         determine the acceptable form of consideration at the time of grant as
         set forth in the Option Agreement. Notwithstanding the form of
         consideration determined by the Administrator at the time of grant, the
         Administrator shall have the authority, in its sole and absolute
         discretion, to accept other forms of consideration as the method of
         payment.

                                       7
<PAGE>

         10. Exercise of Option.

                  (a) Procedure for Exercise; Rights as a Stockholder. Any
         Option granted hereunder shall be exercisable according to the terms of
         the Plan and at such times and under such conditions as determined by
         the Administrator and set forth in the Option Agreement. Unless the
         Administrator provides otherwise, vesting of Options granted hereunder
         shall be tolled during any unpaid leave of absence. An Option may not
         be exercised for a fraction of a Share. An Option shall be deemed
         exercised when the Company receives: (i) written or electronic notice
         of exercise (in accordance with the Option Agreement) from the person
         entitled to exercise the Option, and (ii) full payment for the Shares
         with respect to which the Option is exercised. Full payment may consist
         of any consideration and method of payment authorized by the
         Administrator and permitted by the Option Agreement and the Plan.
         Shares issued upon exercise of an Option shall be issued in the name of
         the Optionee or, if requested by the Optionee, in the name of the
         Optionee and his or her spouse or in the name of a family trust of
         which the Optionee is a trustee. Until the Shares are issued (as
         evidenced by the appropriate entry on the books of the Company or of a
         duly authorized transfer agent of the Company), no right to vote or
         receive dividends or any other rights as a stockholder shall exist with
         respect to the Optioned Stock, notwithstanding the exercise of the
         Option. The Company shall issue (or cause to be issued) such Shares
         promptly after the Option is exercised; provided that if the Company
         shall be advised by counsel that certain requirements under the
         federal, state or foreign securities laws must be met before Shares may
         be issued under this Plan, the Company shall notify all persons who
         have been issued Options, and the Company shall have no liability for
         failure to issue Shares under any exercise of Options because of delay
         while such requirements are being met or the inability of the Company
         to comply with such requirements. No adjustment will be made for a
         dividend or other right for which the record date is prior to the date
         the Shares are issued, except as provided in section 16 of the Plan.
         Exercising an Option in any manner shall decrease the number of Shares
         thereafter available, both for purposes of the Plan and for sale under
         the Option, by the number of Shares as to which the Option is
         exercised.

                  (b) Termination of Relationship as a Service Provider. If an
         Optionee ceases to be a Service Provider, other than upon the
         Optionee's death or Disability, the Optionee may exercise his or her
         Option within such period of time as is specified in the Option
         Agreement to the extent that the Option is vested on the date of
         termination (but in no event later than the expiration of the term of
         such Option as set forth in the Option Agreement). In the absence of a
         specified time in the Option Agreement, the Option shall remain
         exercisable for three months following the Optionee's termination. If,
         on the date of termination, the Optionee is not vested as to his or her
         entire Option, the Shares covered by the unvested portion of the Option
         shall revert to the Plan. If, after termination, the Optionee does not
         exercise his or her Option within the time specified by the
         Administrator, the Option shall terminate, and the Shares covered by
         such Option shall revert to the Plan.

                  (c) Disability of Optionee. If an Optionee ceases to be a
         Service Provider as a result of the Optionee's Disability, the Optionee
         may exercise his or her Option within such period of time as is
         specified in the Option Agreement to the extent the Option is vested on
         the date of termination (but in no event later than the expiration of
         the term of such Option as set forth in the Option Agreement). In the
         absence of a specified time in the Option Agreement, the Option shall
         remain exercisable for 12 months following the Optionee's termination.
         If, on the date of termination, the Optionee is not vested as to his or
         her entire Option, the Shares covered by the unvested portion of the
         Option shall revert to the Plan. If, after termination, the Optionee
         does not exercise his or her Option within the time specified herein,
         the Option shall terminate, and the Shares covered by such Option shall
         revert to the Plan.

                                       8
<PAGE>

                  (d) Death of Optionee. If an Optionee dies while a Service
         Provider, the Option may be exercised within such period of time as is
         specified in the Option Agreement (but in no event later than the
         expiration of the term of such Option as set forth in the Notice of
         Grant), by the Optionee's estate or by a person who acquires the right
         to exercise the Option by bequest or inheritance, but only to the
         extent that the Option is vested on the date of death. In the absence
         of a specified time in the Option Agreement, the Option shall remain
         exercisable for 12 months following the Optionee's termination. If, at
         the time of death, the Optionee is not vested as to his or her entire
         Option, the Shares covered by the unvested portion of the Option shall
         immediately revert to the Plan. The Option may be exercised by the
         executor or administrator of the Optionee's estate or, if none, by the
         person(s) entitled to exercise the Option under the Optionee's will or
         the laws of descent or distribution. If the Option is not so exercised
         within the time specified herein, the Option shall terminate, and the
         Shares covered by such Option shall revert to the Plan.

         11. Stock Purchase Rights.

                  (a) Rights to Purchase. Stock Purchase Rights may be issued
         either alone, in addition to, or in tandem with other awards granted
         under the Plan and/or cash awards made outside of the Plan. After the
         Administrator determines that it will offer Stock Purchase Rights under
         the Plan, it shall advise the offeree in writing or electronically, by
         means of a Notice of Grant, of the terms, conditions and restrictions
         related to the offer, including the number of Shares that the offeree
         shall be entitled to purchase, the price to be paid, and the time
         within which the offeree must accept such offer. The offer shall be
         accepted by execution of a Restricted Stock Purchase Agreement in the
         form determined by the Administrator.

                  (b) Repurchase Option. Unless the Administrator determines
         otherwise, the Restricted Stock Purchase Agreement shall grant the
         Company a repurchase option exercisable upon the voluntary or
         involuntary termination of the purchaser's service with the Company for
         any reason (including death or Disability). The purchase price for
         Shares repurchased pursuant to the Restricted Stock Purchase Agreement
         shall be the original price paid by the purchaser plus interest at the
         rate of 10% per year from the date of the original purchase and may be
         paid by cancellation of any indebtedness of the purchaser to the
         Company. The repurchase option shall lapse at a rate determined by the
         Administrator.

                  (c) Other Provisions. The Restricted Stock Purchase Agreement
         shall contain such other terms, provisions, and conditions not
         inconsistent with the Plan as may be determined by the Administrator in
         its sole discretion.

                  (d) Rights as a Stockholder. Once the Stock Purchase Right is
         exercised, the purchaser shall have the rights equivalent to those of a
         stockholder and shall be a stockholder when his or her purchase is
         entered upon the records of the duly authorized transfer agent of the
         Company. No adjustment will be made for a dividend or other right for
         which the record date is prior to the date the Stock Purchase Right is
         exercised, except as provided in section 16 of the Plan.

         12. Restricted Stock Units.

                  (a) Restricted Stock Units Agreement. Each Restricted Stock
         Units award pursuant to this section 12 shall be evidenced by a
         Restricted Stock Units Agreement between the Participant and the
         Company. Such award shall be subject to all applicable terms and

                                       9
<PAGE>

         conditions of the Plan and may be subject to any other terms and
         conditions that are not inconsistent with the Plan and that the
         Administrator deems appropriate for inclusion in a Restricted Stock
         Units Agreement. The provisions of the various Restricted Stock Units
         Agreements entered into under the Plan need not be identical.

                  (b) Purchase Price. No monetary payment (other than applicable
         tax withholding, if any) shall be required as a condition of receiving
         a Restricted Stock Units award, the consideration for which shall be
         services actually rendered to the Company, a Parent or Subsidiary, or
         for its benefit.

                  (c) Vesting. Restricted Stock Units may or may not be made
         subject to vesting conditions based upon the satisfaction of such
         requirements, conditions, or restrictions, as shall be established by
         the Administrator and set forth in the Restricted Stock Units
         Agreement.

                  (d) Voting. Participant shall have no voting rights with
         respect to Shares represented by Restricted Stock Units until the date
         of the issuance of such Shares (as evidenced by the appropriate entry
         on the books of the Company or of a duly-authorized transfer agent of
         the Company).

                  (e) Effect of Termination of Service. Unless otherwise
         provided by the Administrator in the grant of Restricted Stock Units
         and set forth in the Restricted Stock Units Agreement, if a
         Participant's service terminates for any reason, whether voluntary or
         involuntary (including the Participant's death or Disability), then the
         Participant shall forfeit to the Company any Restricted Stock Units
         that remain subject to vesting conditions as of the date of the
         Participant's termination of service.

                  (f) Settlement of Restricted Stock Unit Award. The Company
         shall issue to the Participant as soon as practicable following the
         dates the vesting conditions or other requirements, conditions, or
         restrictions applicable thereto shall be satisfied, and in any event,
         within two and one-half months after such date, a number of whole
         Shares equal to the number of whole Restricted Stock Units as set forth
         in and subject to the Restricted Stock Units Agreement that are no
         longer subject to vesting conditions, subject to withholding of
         applicable taxes, if any.

                  (g) Restrictions on Transfer of Restricted Stock Units.
         Restricted Stock Units shall not be subject in any manner to
         anticipation, alienation, sale, transfer, assignment, pledge,
         encumbrance, or garnishment by creditors of the participant or the
         Participant's beneficiary, except: (i) by will or by the laws of
         descent and distribution; (ii) to a Participant's family member who has
         acquired the Restricted Stock Unit Award through a gift or a transfer
         for value pursuant to a domestic relations order in settlement of
         marital property rights or a transfer to an entity in which more that
         50% of the voting interests owned by a Participant's family members or
         the Participant in exchange for an interest in that entity, all as more
         particularly provided in the general instructions to Form S-8 or any
         successor form under the Securities Act of 1933; or (iii) as determined
         otherwise by the Administrator, in which case such Restricted Stock
         Unit Award shall contain such additional terms and conditions as the
         Administrator deems appropriate.

         13. Withholding. If the grant or exercise of an Option or a Stock
Purchase Right pursuant to this Plan or any other event in connection with any
such grant or exercise, or the award or vesting of a Restricted Stock Unit, the
issuance of the Share represented by such Restricted Stock Unit, or any other
event in connection with such award, vesting, or issuance, creates an obligation
to withhold income and employment taxes pursuant to the Applicable Laws, such
obligation may, at the sole and absolute discretion of the Administrator at the

                                       10
<PAGE>

time of the grant of the Option, Stock Purchase Right, or Restricted Stock Unit,
and to the extent permitted by the terms of the Option, Stock Purchase Right, or
Restricted Stock Unit and the then-governing provisions of the Code and the
Exchange Act, be satisfied (a) by the holder of the Option, Stock Purchase
Right, or Restricted Stock Unit delivering to the Company an amount of cash
equal to such withholding obligation; (b) by the Company withholding from any
compensation or other amount owing to the holder of the Option, Stock Purchase
Right, or Restricted Stock Unit the amount (in cash, stock or other property as
the Company may determine) of the withholding obligation; (c) by the Company
withholding Shares subject to the Option, Stock Purchase Right, or Restricted
Stock Unit with a Fair Market Value equal to such obligation; or (d) by the
holder of the Option, Stock Purchase Right, or Restricted Stock Unit either
delivering Shares that have been owned by the holder for more than six months or
canceling Options or Restricted Stock Units or other rights to acquire stock
from the Company that have been held for more than six months with a Fair Market
Value equal to such requirements. In all events, delivery of Shares issuable on
exercise of the Option, on grant of the Stock Purchase Right, or on vesting of
the Restricted Stock Unit shall be conditioned upon and subject to the
satisfaction or making provision for the satisfaction of the withholding
obligation of the Company resulting from the grant or exercise of the Option,
grant of the Stock Purchase Right, vesting of the Restricted Stock Unit, or any
other event in accordance with the foregoing. The Company shall be further
authorized to take such other action as may be necessary, in the opinion of the
Company, to satisfy all obligations for the payment of such taxes.

         14. Nontransferability of Options and Stock Purchase Rights.

                  (a) An Option or Stock Purchase Right may not be sold,
         pledged, assigned, hypothecated, transferred or disposed of in any
         manner other than by will or by the laws of descent or distribution and
         may be exercised, during the lifetime of the Optionee, only by the
         Optionee, all save and except only (i) an Optionee's family member who
         has acquired the Option or Stock Purchase Right through a gift or a
         transfer for value pursuant to a domestic relations order in settlement
         of marital property rights or a transfer to an entity in which more
         that 50% of the voting interests owned by an Optionee's family members
         or the Optionee in exchange for an interest in that entity, all as more
         particularly provided in the general instructions to Form S-8 or any
         successor form under the Securities Act of 1933; or (ii) unless
         determined otherwise by the Administrator, in which case such Option or
         Stock Purchase Right shall contain such additional terms and conditions
         as the Administrator deems appropriate.

                  (b) An Incentive Stock Option may not be sold, pledged,
         assigned, hypothecated, transferred or disposed of in any manner other
         than by will or by the laws of descent or distribution and may be
         exercised, during the lifetime of the Optionee, only by the Optionee.
         An Incentive Stock Option can only be exercised by Optionee. In the
         event of the death of Optionee while an eligible employee of the
         Company or within three months after termination thereof, this Option
         can be exercised by the executor or personal representative of the
         estate of Optionee or such other person who has acquired this Option as
         a bequest or by inheritance from Optionee.

         15. Grants to Directors and Officers. To the extent the Company has a
class of securities registered under Section 12 of the Exchange Act, Options,
Stock Purchase Rights, or Restricted Stock Units granted under the Plan to
Directors and Officers (as used in Rule 16b-3 promulgated under the Exchange Act
or any amendment or successor rule of like tenor) intended to qualify for the
exemption from Section 16(b) of the Exchange Act provided in Rule 16b-3 shall,
in addition to being subject to the other restrictions and limitations set forth
in this Plan, be made as follows:

                  (a) Requirements for Grant to Officer or Director. A
         transaction whereby there is a grant of an Option, Stock Purchase
         Right, or Restricted Stock Unit pursuant to this Plan must satisfy one
         of the following:

                                       11
<PAGE>

                           (i) The transaction must be approved by the Board or
                  duly authorized Committee composed solely of two or more
                  Outside Directors of the Company.

                           (ii) The transaction must be approved or ratified, in
                  compliance with Section 14 of the Exchange Act, by either: (1)
                  the affirmative vote of the holders of a majority of the
                  securities of the Company present or represented and entitled
                  to vote at a meeting of the stockholders of the Company held
                  in accordance with the Applicable Laws of the state of
                  incorporation of the Company; or (2) if allowed by applicable
                  state law, the written consent of the holders of a majority,
                  or such greater percentage as may be required by Applicable
                  Laws of the state of incorporation of the Company, of the
                  securities of the Company entitled to vote. If the transaction
                  is ratified by the stockholders, such ratification must occur
                  no later than the date of the next annual meeting of
                  stockholders.

                           (iii) The stock acquired must be held by the Officer
                  or Director for a period of six months subsequent to the date
                  of the grant; provided that if the transaction involves a
                  derivative security (as defined in Section 16 of the Exchange
                  Act), this condition shall be satisfied if at least six months
                  elapse from the date of acquisition of the derivative security
                  to the date of disposition of the derivative security (other
                  than on exercise or conversion) or its underlying equity
                  security.

                  (b) Approval Required for Disposition of Securities. Any
         transaction involving the disposition by the Company of its securities
         in connection with Options, Stock Purchase Rights, or Restricted Stock
         Units granted pursuant to this Plan to an Officer or Director shall:

                           (i) be approved by the Board or duly authorized
                  Committee composed solely of two or more Outside Directors; or

                           (ii) be approved or ratified, in compliance with
                  Section 14 of the Exchange Act, by either: (1) the affirmative
                  vote of the holders of a majority of the securities of the
                  Company present or represented and entitled to vote at a
                  meeting duly held in accordance with the Applicable Laws of
                  the state of incorporation of the Company; or (2) if allowed
                  by applicable state law, the written consent of the holders of
                  a majority, or such greater percentage as may be required by
                  Applicable Laws of the state of incorporation of the Company,
                  of the securities of the Company entitled to vote; provided
                  that such ratification occurs no later than the date of the
                  next annual meeting of stockholders;

         unless the securities so acquired are held by the Officer or Director
         for six months following the date of such acquisition, provided that
         this condition shall be satisfied with respect to a derivative security
         if at least six months elapse from the date of acquisition of the
         derivative security to the date of disposition of the derivative
         security (other than upon exercise or conversion) or its underlying
         equity security.

All of the foregoing restrictions and limitations are based on the governing
provisions of the Exchange Act and the rules and regulations promulgated
thereunder as of the date of adoption of this Plan. If, at any time, the
governing provisions are amended to permit an Option, Stock Purchase Right, or
Restricted Stock Unit to be granted or exercised pursuant to Rule 16b-3 or any
amendment or successor rule of like tenor without one or more of the foregoing
restrictions or limitations, or the terms of such restrictions or limitations
are modified, the Administrator may award Options, Stock Purchase Rights, or
Restricted Stock Units to Directors and Officers and may modify outstanding

                                       12
<PAGE>

Options, Stock Purchase Rights, or Restricted Stock Units in accordance with
such changes, all to the extent that such action by the Administrator does not
disqualify the Options, Stock Purchase Rights, or Restricted Stock Units from
exemption under the provisions of Rule 16b-3 or any amendment or successor rule
of similar tenor.

         16. Adjustments upon Changes in Capitalization, Dissolution, Merger, or
Asset Sale.

                  (a) Changes in Capitalization. Subject to any required action
         by the stockholders of the Company, the number of Shares covered by
         each outstanding Option, Stock Purchase Right, and Restricted Stock
         Unit, the number of Shares that have been authorized for issuance under
         the Plan but as to which no Options, Stock Purchase Rights, or
         Restricted Stock Units have yet been granted or which have been
         returned to the Plan upon cancellation or expiration of an Option or
         Stock Purchase Right or the forfeiture of a Restricted Stock Unit, as
         well as the price per Share covered by each such outstanding Option or
         Stock Purchase Right, shall be proportionately adjusted for any
         increase or decrease in the number of issued Shares resulting from a
         stock split, reverse stock split, stock dividend, combination or
         reclassification of the Common Stock, or any other increase or decrease
         in the number of issued Shares effected without receipt of
         consideration by the Company; provided, however, that conversion of any
         convertible securities of the Company shall not be deemed to have been
         effected without receipt of consideration within the meaning of the
         preceding clause. Such adjustment shall be made by the Board, whose
         determination in that respect shall be final, binding, and conclusive.
         Except as expressly provided herein, no issuance by the Company of
         shares of stock of any class, or securities convertible into shares of
         stock of any class, shall affect, and no adjustment by reason thereof
         shall be made with respect to, the number or price of Shares subject to
         an Option, Stock Purchase Right, or Restricted Stock Unit.

                  (b) Dissolution or Liquidation. In the event of the proposed
         dissolution or liquidation of the Company, the Administrator shall
         notify each Optionee or Participant as soon as practicable prior to the
         effective date of such proposed transaction. The Administrator in its
         discretion may provide for an Optionee to have the right to exercise
         his or her Option until 10 days prior to such transaction as to all of
         the Optioned Stock covered thereby, including Shares as to which the
         Option would not otherwise be exercisable. In addition, the
         Administrator may provide that any Company repurchase option applicable
         to any Shares purchased upon exercise of an Option or Stock Purchase
         Right shall lapse as to all such Shares, provided the proposed
         dissolution or liquidation takes place at the time and in the manner
         contemplated. To the extent an Option or Stock Purchase Right has not
         been previously exercised, or to which a Restricted Stock Unit has not
         vested, the Option, Stock Purchase Right, or Restricted Stock Unit will
         terminate immediately prior to the consummation of such proposed
         action.

                  (c) Merger or Asset Sale. In the event of a merger of the
         Company with or into another corporation, or the sale of substantially
         all of the assets of the Company, each outstanding Option, Stock
         Purchase Right, and Restricted Stock Unit shall be assumed or an
         equivalent Option, right, or Restricted Stock Unit substituted by the
         successor corporation or a Parent or Subsidiary of the successor
         corporation. With respect to Options or Restricted Stock Units granted
         to an Outside Director pursuant to section 15 that are assumed or
         substituted for, if following such assumption or substitution the
         Optionee's or Participant's status as a Director or a director of the
         successor corporation, as applicable, is terminated other than upon a
         voluntary resignation by the Optionee or Participant, then the Optionee
         shall fully vest in and have the right to exercise the Option as to all
         of the Optioned Stock, including Shares as to which it would not
         otherwise be vested or exercisable, and the Participant's Restricted
         Stock Units shall fully vest and the Shares shall be issued.

                                       13
<PAGE>

                  In the event that the successor corporation refuses to assume
         or substitute for the Option, Stock Purchase Right, or Restricted Stock
         Unit, the Optionee shall fully vest in and have the right to exercise
         the Option or Stock Purchase Right as to all of the Optioned Stock,
         including Shares as to which it would not otherwise be vested or
         exercisable, and the Participant's Restricted Stock Units shall fully
         vest and the Shares shall be issued. If an Option or Stock Purchase
         Right becomes fully vested and exercisable in lieu of assumption or
         substitution in the event of a merger or sale of assets, the
         Administrator shall notify the Optionee in writing or electronically
         that the Option or Stock Purchase Right shall be fully vested and
         exercisable for a period of 15 days from the date of such notice, and
         the Option or Stock Purchase Right shall terminate upon the expiration
         of such period.

                  For the purposes of this subsection, the Option, Stock
         Purchase Right, or Restricted Stock Unit shall be considered assumed
         if, following the merger or sale of assets, the Option, right, or
         Restricted Stock Unit confers the right to purchase or receive, for
         each share of Optioned Stock or for each Restricted Stock Unit
         immediately prior to the merger or sale of assets, the consideration
         (whether stock, cash or other securities or property) received in the
         merger or sale of assets by holders of Common Stock for each Share held
         on the effective date of the transaction (and if holders were offered a
         choice of consideration, the type of consideration chosen by the
         holders of a majority of the outstanding Shares); provided, however,
         that if such consideration received in the merger or sale of assets is
         not solely common stock of the successor corporation or its Parent, the
         Administrator may, with the consent of the successor corporation,
         provide for the consideration to be received upon the exercise of the
         Option or Stock Purchase Right, or the vesting of the Restricted Stock
         Unit, for each Restricted Stock Unit or share of Optioned Stock, to be
         solely common stock of the successor corporation or its Parent equal in
         Fair Market Value to the per Share consideration received by holders of
         Common Stock in the merger or sale of assets.

         17. Date of Grant. The date of grant of an Option, Stock Purchase
Right, or Restricted Stock Unit shall be, for all purposes, the date on which
the Administrator makes the determination granting such Option, Stock Purchase
Right, or Restricted Stock Unit or such other later date as is determined by the
Administrator. Notice of the determination shall be provided to each Optionee or
Participant within a reasonable time after the date of such grant.

         18. Amendment and Termination of the Plan.

                  (a) Amendment and Termination. The Board may at any time
amend, alter, suspend or terminate the Plan.

                  (b) Stockholder Approval. The Company shall obtain stockholder
         approval of any Plan amendment to the extent necessary and desirable to
         comply with Applicable Laws.

                  (c) Effect of Amendment or Termination. No amendment,
         alteration, suspension, or termination of the Plan shall impair the
         rights of any Optionee or Participant, unless mutually agreed otherwise
         between the Optionee or Participant and the Administrator, which
         agreement must be in writing and signed by the Optionee or Participant
         and the Company. Termination of the Plan shall not affect the
         Administrator's ability to exercise the powers granted to it hereunder
         with respect to Options or Restricted Stock Units granted under the
         Plan prior to the date of such termination.

                                       14
<PAGE>

         19. Conditions upon Issuance of Shares.

                  (a) Legal Compliance. Shares shall not be issued pursuant to
         the exercise of an Option or Stock Purchase Right or the vesting of a
         Restricted Stock Unit unless the exercise of such Option or Stock
         Purchase Right or the vesting of such Restricted Stock Unit and the
         issuance and delivery of such Shares shall comply with Applicable Laws
         and shall be further subject to the approval of counsel for the Company
         with respect to such compliance.

                  (b) Investment Representations. As a condition to the exercise
         of an Option or Stock Purchase Right or the issuance of Shares upon
         vesting of a Restricted Stock Unit, the Company may require the person
         exercising such Option or Stock Purchase Right or whose Restricted
         Stock Unit is vesting to represent and warrant at the time of any such
         exercise that the Shares are being purchased only for investment and
         without any present intention to sell or distribute such Shares if, in
         the opinion of counsel for the Company, such a representation is
         required.

         20. Inability To Obtain Authority. The inability of the Company to
obtain authority from any regulatory body having jurisdiction, which authority
is deemed by the Company's counsel to be necessary to the lawful issuance and
sale of any Shares hereunder, shall relieve the Company of any liability in
respect of the failure to issue or sell such Shares as to which such requisite
authority shall not have been obtained.

         21. Reservation of Shares. The Company, during the term of this Plan,
will at all times reserve and keep available such number of Shares as shall be
sufficient to satisfy the requirements of the Plan.

         22. Stockholder Approval. The Plan shall be subject to approval by the
stockholders of the Company within 12 months after the date the Plan is adopted.
Such stockholder approval shall be obtained in the manner and to the degree
required under Applicable Laws.

                             SECRETARY'S CERTIFICATE

         The undersigned, the duly constituted and elected secretary of EAGLE
LAKE INCORPORATED, hereby certifies that pursuant to resolution duly adopted by
the stockholders on December 14, 2005, in accordance with the requirements of
law and the Company's articles of incorporation and bylaws, the foregoing EAGLE
LAKE INCORPORATED 2005 Long-term Incentive Plan was approved by the affirmative
vote of the holders of a majority of the Shares.

         DATED this 14th day of December, 2005.

                                                /s/ Terrell W. Smith
                                                --------------------------------
                                                Terrell W. Smith, Secretary

                                       15
<PAGE>

                                   APPENDIX A

                                       TO

                             EAGLE LAKE INCORPORATED

                          2005 LONG-TERM INCENTIVE PLAN

                         (for California residents only)

         This Appendix A to the Eagle Lake Incorporated 2005 Long-Term Incentive
Plan shall apply only to Optionees who are residents of the state of California
and who are receiving an Option or Stock Purchase Right under the Plan.
Capitalized terms contained herein shall have the same meanings given to them in
the Plan, unless otherwise provided by this Appendix A. Notwithstanding any
provisions contained in the Plan to the contrary and to the extent required by
Applicable Laws, the following terms shall apply to all Options and Stock
Purchase Rights granted to residents of the state of California, until such time
as the Administrator amends this Appendix A or the Administrator otherwise
provides.

         A. Nonstatutory Stock Options granted to a person who, at the time of
grant of such Option, owns stock representing more than 10% of the voting power
of all classes of stock of the Company or any Parent or Subsidiary, shall have
an exercise price not less than 110% of the Fair Market Value per Share on the
date of grant. Nonstatutory Stock Options granted to any other person shall have
an exercise price that is not less than 85% of the Fair Market Value per Share
on the date of grant. Notwithstanding the foregoing, Options may be granted with
a per Share exercise price other than as required above pursuant to a merger or
other corporate transaction.

         B. The term of each Option shall be stated in the Option Agreement,
provided, however, that the term shall be no more than 10 years from the date of
grant thereof. The term of each Restricted Stock Purchase Agreement shall be no
more than 10 years from the date the agreement is entered into.

         C. Unless determined otherwise by the Administrator, Options or Stock
Purchase Rights may not be sold, pledged, assigned, hypothecated, transferred,
or disposed of in any manner other than by will or the laws of descent and
distribution, and may be exercised during the lifetime of the Optionee, only by
the Optionee. If the Administrator in its sole discretion makes an Option or
Stock Purchase Right transferable, such Option or Stock Purchase Right may only
be transferred (i) by will, (ii) by the laws of descent and distribution, or
(iii) as permitted by Rule 701 of the Securities Act of 1933, as amended.

         D. Except in the case of Options granted to officers of the Company,
Directors, and Consultants, Options shall become exercisable at a rate of no
less than 20% per year over five years from the date the Options are granted.

         E. If an Optionee ceases to be a Service Provider, such Optionee may
exercise his or her Option within 30 days of termination, or such longer period
of time as specified in the Option Agreement, to the extent that the Option is
vested on the date of termination (but in no event later than the expiration of
the term of the Option as set forth in the Option Agreement).

         F. If an Optionee ceases to be a Service Provider as a result of the
Optionee's Disability, Optionee may exercise his or her Option within six months
of termination, or such longer period of time as specified in the Option
Agreement, to the extent the Option is vested on the date of termination (but in
no event later than the expiration of the term of such Option as set forth in
the Option Agreement).

                                      A-1
<PAGE>

         G. If an Optionee dies while a Service Provider, the Option may be
exercised within six months following the Optionee's death, or such longer
period of time as specified in the Option Agreement, to the extent the Option is
vested on the date of termination (but in no event later than the expiration of
the term of such Option as set forth in the Option Agreement) by the Optionee's
designated beneficiary, personal representative, or by the person(s) to whom the
Option is transferred pursuant to the Optionee's will or in accordance with the
laws of descent and distribution.

         H. The terms of any Stock Purchase Rights offered under this Appendix A
shall comply in all respects with Section 260.140.42 of Title 10 of the
California Code of Regulations including, without limitation, that except with
respect to Shares purchased by officers of the Company, Directors, and
Consultants, the repurchase option shall in no case lapse at a rate of less than
20% per year over five years from the date of purchase.

         I. No Option or Stock Purchase Right shall be granted to a resident of
California more than 10 years after the earlier of the date of adoption of the
Plan or the date the Plan is approved by the stockholders.

         J. The Company shall provide to each Optionee and to each individual
who acquires Shares under the Plan, not less frequently than annually during the
period such Optionee has one or more Options or Stock Purchase Rights
outstanding, and, in the case of an individual who acquires Shares pursuant to
the Plan, during the period such individual owns such Shares, copies of annual
financial statements. The Company shall not be required to provide such
statements to key Employees whose duties in connection with the Company assure
their access to equivalent information.

         K. In the event that any dividend or other distribution (whether in the
form of cash, Shares, other securities, or other property), recapitalization,
stock split, reverse stock split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase, or exchange of Shares or other
securities of the Company, or other change in the corporate structure of the
Company affecting the Shares occurs, the Administrator, in order to prevent
diminution or enlargement of the benefits or potential benefits intended to be
made available under the Plan, may (in its sole discretion) adjust the number
and class of Shares that may be delivered under the Plan and/or the number,
class, and price of Shares covered by each outstanding Option; provided,
however, that the Administrator shall make such adjustments to the extent
required by Section 25102(o) of the California Corporations Code.

         L. This Appendix A shall be deemed to be part of the Plan and the
Administrator shall have the authority to amend this Appendix A in accordance
with Section 18 of the Plan.

                                      A-2EAGLE LAKE INCORPORATED
                             NOTICE OF OPTION GRANT
                              --------------------

These securities have not been registered under the Securities Act of 1933, as
amended (the "Securities Act"), and are "restricted securities" within the
meaning of Rule 144 promulgated under the Securities Act. These securities have
been acquired for investment and may not be sold or transferred without
complying with Rule 144 in the absence of an effective registration or other
compliance under the Securities Act.

                              --------------------

         EAGLE LAKE INCORPORATED, a Nevada corporation (the "Company"), is
pleased to grant to the Optionee named below, the following Options to purchase
Shares of its common stock, par value $0.001 per Share ("Common Stock"), under
its 2005 Long-Term Incentive Plan (the "Plan") and subject to the provisions of
the Plan and the Stock Option Agreement:

         Name of Optionee:                  ____________________________________

         Address:                           ____________________________________
                                            ____________________________________
                                            ____________________________________

         Type of Option:                    [ ] Incentive Stock Option
                                            [ ] Nonstatutory Option (not an ISO)

         Date of Grant:                     _____________, ____

         Number of Shares of Common Stock
         purchasable under this Option:     _______________________________

         Exercise Price:                    $_____ per Share

         Expiration Date:                   _____________, ____

         Vesting                            Schedule: These Options shall
                                            vest and be exercisable 20%
                                            immediately upon the Date of
                                            Grant and 20% additionally at
                                            the end of each anniversary
                                            thereafter, until all shall
                                            vest and become exercisable on
                                            the fourth anniversary of the
                                            Date of Grant.

    The Plan may be inspected at the offices of the Secretary of the Company.
        A copy of the Plan will be provided to the Optionee upon request.

<PAGE>

                             STOCK OPTION AGREEMENT

         Unless otherwise defined herein, capitalized terms shall have the
meanings given in the Plan and Notice of Option Grant.

         1. Options. The Company hereby grants to Optionee the right and option
to purchase up to the number of Shares specified above, at the Exercise Price
specified above, subject to the conditions and limitations set forth herein (the
"Options").

         2. Vesting. These Options shall vest and be exercisable 20% immediately
upon the Date of Grant and 20% additionally at the end of each anniversary
thereafter, until all shall vest and become exercisable on the fourth
anniversary of the Date of Grant.

         3. Number of Shares and Exercise Price. The number of Shares that
Optionee may purchase upon exercise of the Option (the "Option Shares"), as
specified above, and the Exercise Price, as specified above, may be adjusted
from time to time for capitalization adjustments as provided in the Plan.

         4. Method of Payment. Payment of the Exercise Price is due in full upon
exercise of all or any part of the Options. Optionee may elect to pay the
Exercise Price in cash or by check or in any other manner permitted by the
Administrator under the Plan. As soon as practicable after receipt by the
Company of such notice and of payment in full of the Option price for all the
Shares with respect to which the Option has been exercised, a certificate or
certificates representing such Shares having been paid for shall be issued in
the name of the Optionee, or if the Optionee shall so request in the notice
exercising the Option, in the name of the Optionee and another person jointly,
with right of survivorship, and shall be delivered to the Optionee. If this
Option is not exercised respecting all Shares subject hereto, Optionee shall be
entitled to receive a similar Option of like tenor covering the number of Shares
with respect to which this Option shall not have been exercised.

         5. Whole Shares. The Options may only be exercised for whole Shares.
Fractional Shares shall not be issued.

         6. Securities Law Compliance; Limitation of Exercise; Extension of
Exercise Period. If the Board of Directors of the Company, in its sole
discretion, shall determine that it is necessary or desirable to list, register,
or qualify the Option Shares under any state or federal law, these Options may
not be exercised, in whole or part, until such listing, registration, or
qualification shall have been obtained free of any conditions not acceptable to
the Board of Directors. If no registration statement is effective on the date of
exercise of these Options, the Option Shares will not be issued unless and until
there is evidence available to the Company, including representations from the
Optionee that such Shares are being acquired for investment and not for resale,
on which the Company may reasonably rely as to the availability of an exemption
from registration in issuing such Shares. The Company shall use its best efforts
to comply with the requirements of each regulatory commission or agency having
jurisdiction in order to issue and sell the Shares to satisfy these Options.
Such compliance will be a condition precedent to the right to exercise these
Options. The inability of the Company to effect such compliance with any such
regulatory commission or agency that counsel for the Company deems necessary for
the lawful issuance and sale of the Shares to satisfy these Options shall
relieve the Company from any liability for failure to issue and sell the Shares
to satisfy these Options for such time as such compliance is not effectuated.

<PAGE>

         If at any time Optionee delivers a Notice of Exercise in accordance
with section 8 below and the Options are not exercisable solely because of the
condition set forth in this section 6, the Exercise Period (as defined in
section 7) shall be correspondingly extended until the Company determines that
the Options can be exercised in compliance with this section 6, at which point
the Optionee shall have the remainder of the applicable Exercise Period, as
delineated in section 7, within which to exercise such Options.

         If the issuance of the Option Shares is not covered by an effective
registration statement under the Securities Act, in order to enforce the
restrictions imposed upon the Option Shares, the Company shall cause a legend or
legends to be placed upon any certificates representing such Option Shares,
which legend or legends shall be substantially as follows:

         The shares  represented hereby have not been registered under
         the  Securities  Act of 1933,  as  amended  (the  "Securities
         Act"), nor under any applicable state securities laws and may
         not be transferred without  registration under the Securities
         Act and under such state  securities  laws, or pursuant to an
         available exemption from the Securities Act and such laws.

         7. Exercise Period. The Options shall be exercisable during the period
(the "Exercise Period") commencing upon the date such Options become vested and
terminating upon the earliest of the following dates:

                  (a) thirty days following the date of the termination of
         Optionee's continuous service at any time "for cause," as defined in
         Optionee's separate written employment agreement, if any, or in the
         absence of a written employment agreement, by a good faith
         determination by the Board of Directors that Optionee (i) has been
         grossly negligent in the performance of Optionee's duties; (ii) has
         engaged in material willful or gross misconduct in the performance of
         Optionee's duties; (iii) has committed an act of personal dishonesty or
         breach of fiduciary duty involving personal profit in connection with
         Optionee's employment by the Company; or (iv) has committed, as
         determined by the Board of Directors of the Company, or has been
         convicted of fraud, embezzlement, theft, or dishonesty or other
         criminal conduct, unless the Board of Directors waives the provisions
         of this subsection;

                  (b) three months after the termination of Optionee's
         continuous service for any other reason;

                  (c) twelve months after the termination of Optionee's
         continuous service due to Disability;

                  (d) in the event of Optionee's death either during Optionee's
         continuous service or within three months after Optionee's continuous
         service terminates, six months after the issuance of letters
         testamentary or letters of administration or the appointment of an
         administrator, executor, or personal representative but not later than
         12 months after termination of Optionee's continuous service; or

                  (e) the Expiration Date.

         If this is an Incentive Stock Option, to obtain the federal income tax
advantages associated with such options, the Internal Revenue Code requires that
at all times beginning on the Date of Grant of the Option and ending on the day
three months before the date of the Option's exercise, Optionee must be an
Employee of the Company or an affiliate, except in the event of Optionee's death
or Optionee's Disability. The Company has provided for extended exercisability
of the Options under certain circumstances for Optionee's benefit, but cannot

                                       2
<PAGE>

guarantee that the Options will necessarily be treated as Incentive Stock
Options under the Internal Revenue Code if Optionee exercises the Option more
than three months after the date Optionee's employment with the Company or an
Affiliate terminates.

         8. Exercise.

                  (a) Optionee may exercise the Options during their Exercise
         Period by delivering a Notice of Exercise (in a form designated by the
         Company), together with the Exercise Price to the Secretary of the
         Company, or to such other person as the Company may designate, during
         regular business hours, together with such additional documents as the
         Company may then require.

                  (b) By exercising the Options, Optionee agrees that, as a
         condition to any exercise of the Options, the Company may require
         Optionee to enter an arrangement providing for the payment by Optionee
         to the Company of any tax withholding obligation of the Company arising
         by reason of: (i) the exercise of the Options; (ii) the lapse of any
         substantial risk of forfeiture to which the Option Shares are subject
         at the time of exercise; or (iii) the disposition of Option Shares
         acquired upon such exercise.

                  (c) If these Options are intended to qualify as Incentive
         Stock Options under the provisions of the Internal Revenue Code,
         Optionee acknowledges that in order to be entitled to receive treatment
         as an Incentive Stock Option, the holding and exercise of these Options
         and the Common Stock acquired pursuant to these Options are subject to
         certain limitations and restrictions, including a requirement that any
         Common Stock acquired hereunder be held by Optionee until after the
         date that is both two years subsequent to the date of this Option and
         one year subsequent to the date the Common Stock is acquired pursuant
         to these Options. Failure to hold the Shares for the above period will
         cause a "disqualifying disposition" of the Common Stock resulting in
         the loss of Incentive Stock Option treatment and the associated
         favorable tax benefits. As a result of the disqualifying disposition,
         the Company may also be subject to certain disclosure requirements,
         and, therefore, Optionee agrees to notify the Company, in writing, 30
         days prior to any disqualifying disposition.

                  (d) In order to enforce the restrictions imposed upon the
         Option Shares, the Company shall cause a legend or legends to be placed
         upon any certificates representing such Option Shares, which legend or
         legends shall be substantially as follows:

                  The  shares   represented   hereby  are  subject  to
                  restrictions   on   transferability    and   related
                  repurchase rights under the Company's 2005 Long-Term
                  Incentive   Plan   and   applicable   Stock   Option
                  Agreements   or   other   agreements   executed   in
                  connection therewith,  copies of which are available
                  at the principal business offices of the Company.

                  (e) Upon issuance, the Option Shares shall be considered to be
         fully-paid, nonassessable, issued, and outstanding Shares of the
         Company, and Optionee shall be entitled to vote the Option Shares and
         receive all cash dividends and other distributions with respect
         thereto.

         9. Provision of Financial Statements to Optionee. The Company shall
provide to each Optionee and to each individual who acquires Shares under the
Plan, not less frequently than annually during the period such Optionee has one
or more Options or Stock Purchase Rights outstanding, and, in the case of an
individual who acquires Shares pursuant to the Plan, during the period such

                                       3
<PAGE>

individual owns such Shares, copies of annual financial statements. The Company
shall not be required to provide such statements to key Employees whose duties
in connection with the Company assure their access to equivalent information.

         10. Dividends, Distributions, Etc. In the event that any dividend or
other distribution (whether in the form of cash, Shares, other securities, or
other property), recapitalization, stock split, reverse stock split,
reorganization, merger, consolidation, split-up, spin-off, combination,
repurchase, or exchange of Shares or other securities of the Company, or other
change in the corporate structure of the Company affecting the Shares occurs,
the Administrator, in order to prevent diminution or enlargement of the benefits
or potential benefits intended to be made available under the Plan, may (in its
sole discretion) adjust the number and class of Shares of common stock that may
be delivered under the Plan and/or the number, class, and price of Shares
covered by each outstanding Option; provided, however, that the Administrator
shall make such adjustments to the extent required by Section 25102(o) of the
California Corporations Code.

         11. Transferability. The Options are not transferable and are
exercisable only by Optionee during Optionee's life or by the executors,
administrators, or beneficiaries of Optionee's estate. In the event of any
alienation, assignment, pledge, hypothecation, or other transfer of this Option
or any right hereunder in violation of the terms hereof or in the event of any
levy, attachment, execution, or similar process, this Option and all rights
granted hereunder shall be immediately null and void.

         12. Options Not a Service Contract. Optionee acknowledges and agrees
that this agreement and the transactions contemplated hereunder do not
constitute an express or implied promise of continued engagement as a Service
Provider for any period, or at all, and shall not interfere with Optionee's
right or the Company's right to terminate Optionee's relationship as a Service
Provider under Optionee's written employment agreement with the Company or, in
the absence of a written employment agreement, Optionee's right or the Company's
right to terminate Optionee's relationship as a Service Provider at any time,
with or without cause.

         13. Withholding Obligations.

                  (a) At the time the Options are exercised, in whole or in
         part, or at any time thereafter as requested by the Company, Optionee
         hereby authorizes withholding from payroll and any other amounts
         payable to Optionee, and otherwise agrees to make adequate provision
         for (including by means of a "cashless exercise" pursuant to a program
         developed under Regulation T as promulgated by the Federal Reserve
         Board to the extent permitted by the Company), any sums required to
         satisfy the federal, state, local, and foreign tax withholding
         obligations of the Company or an affiliate, if any, which arise in
         connection with the Options.

                  (b) Upon Optionee's request and subject to approval by the
         Company, in its sole discretion, and compliance with any applicable
         conditions or restrictions of law, the Company may withhold from
         fully-vested Shares otherwise issuable to Optionee upon the exercise of
         the Options a number of whole Shares having a Fair Market Value,
         determined by the Company as of the date of exercise, not in excess of
         the minimum amount of tax required to be withheld by law. If the date
         of determination of any tax withholding obligation is deferred to a
         date later than the date of exercise of the Options, Share withholding
         pursuant to the preceding sentence shall not be permitted unless
         Optionee makes a proper and timely election under Section 83(b) of the
         Internal Revenue Code covering the aggregate number of Shares acquired
         upon such exercise with respect to which such determination is
         otherwise deferred, to accelerate the determination of such tax
         withholding obligation to the date of exercise of the Options.

                                       4
<PAGE>

         Notwithstanding the filing of such election, Shares shall be withheld
         solely from fully-vested Shares determined as of the date of exercise
         of the Options that are otherwise issuable to Optionee upon such
         exercise. Any adverse consequences to Optionee arising in connection
         with such Share withholding procedure shall be Optionee's sole
         responsibility.

                  (c) The Options are not exercisable unless the tax withholding
         obligations of the Company and/or any affiliate are satisfied.
         Accordingly, Optionee may not be able to exercise the Options when
         desired even though the Options are vested, and the Company shall have
         no obligation to issue a certificate for such Shares or release such
         Shares from any escrow provided for herein.

         14. Governing Plan Document. The Options are subject to all of the
provisions of the Plan, the provisions of which are hereby made a part of the
Options, and are further subject to all interpretations, amendments, rules and
regulations that may, from time to time, be promulgated and adopted pursuant to
the Plan. In the event of any conflict between the provisions of the Options and
those of the Plan, the provisions of the Plan shall control. Additionally, if
this is an Incentive Stock Option, all Options granted hereunder shall be deemed
to contain such other limitations and restrictions as are necessary to conform
the Options to the requirements for Incentive Stock Options as defined in
Section 422 of the Internal Revenue Code or any amendment or successor statute
of like tenor.

         15. Notices. Any notices provided for in the Options or the Plan shall
be given in writing and shall be deemed effectively given upon receipt or, in
the case of notices delivered by the Company to Optionee, five days after
deposit in the United States mail, postage prepaid, addressed to Optionee at the
last address Optionee provided to the Company.

         By Optionee's signature and the signature of the Company's
representative below, Optionee and the Company agree that this Option is granted
under and governed by the terms and conditions of the Plan and this Option
Agreement. Optionee has reviewed the Plan and this Option Agreement in their
entirety, has had an opportunity to obtain the advice of counsel prior to
executing this Option Agreement, and fully understands all provisions of the
Plan and Option Agreement. Optionee hereby agrees to accept as binding,
conclusive, and final all decisions or interpretations of the Administrator upon
any questions relating to the Plan and Option Agreement. Optionee further agrees
to notify the Company upon any change in the residence address indicated below.

OPTIONEE:                                     EAGLE LAKE INCORPORATED

_________________________________             __________________________________
Signature                                     By________________________________
_________________________________             __________________________________
Print Name                                    Title

_________________________________

_________________________________
Residence Address

                                       5
<PAGE>

                             EAGLE LAKE INCORPORATED

                                  STOCK OPTION
                               NOTICE OF EXERCISE

Eagle Lake Incorporated                         Date of Exercise:_______________
50 West 300 South, Suite 501
Salt Lake City, UT  84101

Ladies and Gentlemen:

         This constitutes notice under my Stock Option Agreement that I elect to
purchase the number of shares of common stock of the company listed above
("Shares") for the price set forth below.

         Type of Option (check one):        [ ] Incentive       [ ] Nonstatutory

         Stock Option Dated:                ____________________________________

         Number of Shares as to
         which Option Is Exercised:         ____________________________________

         Certificates To Be Issued
         in Name Of:                        ____________________________________

         Total Exercise Price:              $___________________________________

         Cash payment delivered
         Herewith:                          $___________________________________

         By this exercise, I agree (i) to provide such additional documents as
Optionee may require pursuant to the terms of the 2005 Long-Term Incentive Plan
(the "Plan") or the Stock Option Agreement, (ii) to provide for the payment by
me to Optionee (in the manner designated by Optionee) of Optionee's withholding
obligation, if any, relating to the exercise of this option, and (iii) if this
exercise relates to an incentive stock option, to notify Optionee in writing 30
days before the date of any disposition of any Shares issued upon exercise of
this option that will occur within two years after the Date of Grant of this
option or within one year after such Shares are issued upon exercise of this
option.

         I hereby make the following certifications and representations with
respect to the number of Shares that are being acquired by me for my own account
upon exercise of my stock option as set forth above:

         I acknowledge that I have read and understood the Plan and the Stock
Option Agreement, that both the Plan and the Stock Option Agreement are
incorporated herein by reference, and I agree to abide by and be bound by their
terms and conditions.

         I further acknowledge that until the issuance (as evidenced by the
appropriate entry on the books of the Company or of a duly authorized transfer

<PAGE>

agent of the Company) of the Shares, no right to vote or receive dividends or
any other right of a stockholder shall exist with regard to the optioned stock,
notwithstanding the exercise of the option.

         I further acknowledge that I may suffer adverse tax consequences as a
result of my purchase or disposition of the Shares, and I represent that I have
consulted with any tax consultants I deem advisable in connection with the
purchase or disposition of the Shares and that I am not relying on the Company
for any tax advice.

         I further acknowledge that the Shares have not been registered under
the Securities Act of 1933, as amended (the "Securities Act"), and are deemed to
constitute "restricted securities" under Rule 144 promulgated under the
Securities Act. I warrant and represent to the Company that I have no present
intention of distributing or selling said Shares, except as permitted under the
Securities Act and any applicable state securities laws. I further acknowledge
that more restrictive conditions apply to affiliates of the Company under Rule
144.

         I further acknowledge that all certificates representing any of the
Shares subject to the provisions of the option shall have endorsed thereon
appropriate legends reflecting the foregoing limitations, as well as any legends
reflecting restrictions pursuant to the Company's articles of incorporation,
bylaws, and/or applicable securities laws.

         I further acknowledge that this notice of exercise, the Plan, and the
Stock Option Agreement constitute the entire agreement of the parties with
respect to the subject matter hereof, supersede in their entirety any and all
prior agreements with regard to the subject matter hereof, and that this notice
of exercise may not be amended except by a writing signed by both parties.

Submitted by:                                  Accepted by:

PURCHASER:                                     EAGLE LAKE INCORPORATED

_______________________________                _________________________________
(signature)                                    By_______________________________

_______________________________                _________________________________
(print name)                                   Its

Address:                                       Address:
-------                                        -------

_______________________________                50 West 300 South, Suite 501
_______________________________                Salt Lake City, Utah  84101

<PAGE>
<TABLE>
<CAPTION>
                                                               SCHEDULE

The Company delivered notices of option grant to, and executed stock option agreements with, the named executive officers and
directors, and on the dates and terms indicated below.  Such notices of option grant and stock option agreements were in the
foregoing forms.

      Optionee           Grant Date    Expiration Date                 Vesting                       Options Granted  Exercise Price
      --------           ----------    ---------------                 -------                       ---------------  --------------
<S>                      <C>             <C>            <C>                                            <C>             <C>
Ernest T. Cammer III     12/14/2005      12/14/2012     Vest on a monthly basis over first year.           85,000         1.5000
Ernest T. Cammer III     12/14/2005      12/14/2012     Vest on a monthly basis over second year.          85,000         2.2500
Ernest T. Cammer III     12/14/2005      12/14/2012     Vest on a monthly basis over third year.           85,000         3.0000
Ernest T. Cammer III     12/14/2005      12/14/2012     Vest on a monthly basis over fourth year.          85,000         3.7500
Ernest T. Cammer III     12/14/2005      12/14/2012     Vest on a monthly basis over fifth year.           85,000         4.5000
                                                                                                          -------
                                                                                                          425,000

William P. Crowell       12/14/2005      12/14/2010     Vest immediately.                                 150,000         1.5000

Gregory Johnston         12/14/2005      12/14/2012     Vest on a monthly basis over first year.           85,000         1.5000
Gregory Johnston         12/14/2005      12/14/2012     Vest on a monthly basis over second year.          85,000         2.2500
Gregory Johnston         12/14/2005      12/14/2012     Vest on a monthly basis over third year.           85,000         3.0000
Gregory Johnston         12/14/2005      12/14/2012     Vest on a monthly basis over fourth year.          85,000         3.7500
Gregory Johnston         12/14/2005      12/14/2012     Vest on a monthly basis over fifth year.           85,000         4.5000
                                                                                                          -------
                                                                                                          425,000

Brian Kelly              12/14/2005      12/14/2012     Vest on a monthly basis over first year.          185,000         1.5000
Brian Kelly              12/14/2005      12/14/2012     Vest on a monthly basis over second year.         185,000         2.2500
Brian Kelly              12/14/2005      12/14/2012     Vest on a monthly basis over third year.          185,000         3.0000
Brian Kelly              12/14/2005      12/14/2012     Vest on a monthly basis over fourth year.         185,000         3.7500
Brian Kelly              12/14/2005      12/14/2012     Vest on a monthly basis over fifth year.          185,000         4.5000
                                                                                                          -------
                                                                                                          925,000

Howard Landa             12/14/2005      12/14/2010     Vest immediately.                                 150,000         1.5000

Arie Levinkron           12/14/2005      12/14/2012     Vest on a monthly basis over first year.           85,000         1.5000
Arie Levinkron           12/14/2005      12/14/2012     Vest on a monthly basis over second year.          85,000         2.2500
Arie Levinkron           12/14/2005      12/14/2012     Vest on a monthly basis over third year.           85,000         3.0000
Arie Levinkron           12/14/2005      12/14/2012     Vest on a monthly basis over fourth year.          85,000         3.7500
Arie Levinkron           12/14/2005      12/14/2012     Vest on a monthly basis over fifth year.           85,000         4.5000
                                                                                                          -------
                                                                                                          425,000

Howard Landa               2/2/2006        2/2/2011     Vest immediately                                   75,000         1.5000

John A. Gordon             2/2/2006        2/2/2011     Vest Immediately                                  150,000         1.5000
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00105-of-00352.parquet"}]]