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Exhibit 10.40  

 
  DOLLAR FINANCIAL CORP.    
    
    INDEMNIFICATION AGREEMENT    
    

        THIS INDEMNIFICATION AGREEMENT is made and entered into as of the            day of March, 2004 (the "Agreement"), by and
between Dollar Financial Corp., a
Delaware corporation (the "Company"), and                        , an individual (the "Indemnitee"), with reference to the
following facts. 

RECITALS:  

        A.    The
Company desires the benefits of having Indemnitee serve as an officer and/or director secure in the knowledge that any expenses, liability and/or losses incurred by
him in his good faith service to the Company will be borne by the Company or its successors and assigns. 

        B.    Indemnitee
is willing to serve in his position with the Company only on the condition that he be indemnified for such expenses, liability and/or losses. 

        C.    The
Company and Indemnitee recognize that there has been an increase in litigation against corporate directors, officers and agents. 

        D.    The
Company's Certificate of Incorporation (the "Certificate") and Bylaws (the "Bylaws") allow and require the Company to indemnify its directors, officers and agents to
the maximum extent permitted under Delaware law. 

        NOW,
THEREFORE, the parties hereby agree as follows: 

        1.    Definitions.    For purposes of this Agreement: 

        (a)   "Agent"
shall mean any person who is or was a director, officer, employee or agent of the Company or a subsidiary of the Company whether serving in such capacity or as a
director, officer, employee, agent, fiduciary or other official of another corporation, joint venture, trust or other enterprise at the request of, for the convenience of, or to represent the
interests of the Company or a subsidiary of the Company. 

        (b)   "Disinterested
Director" shall mean a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is being sought by
Indemnitee. 

        (c)   "Expenses"
shall be broadly construed and shall include, without limitation, (a) all direct and indirect costs incurred, paid or accrued, (b) all
attorneys' fees, retainers, court costs, transcripts, fees of experts, witness fees, travel expenses, food and lodging expenses while traveling, duplicating costs, printing and binding costs,
telephone charges, postage, delivery service, freight or other transportation fees and expenses, (c) all other disbursements and out-of-pocket expenses, including all
costs incurred in connection with investigating any Proceeding, (d) amounts paid in settlement, to the extent not prohibited by Delaware law, and (e) reasonable compensation for time
spent by Indemnitee for which he is otherwise not compensated by the Company or any third party, actually and reasonably incurred in connection with or arising out of a Proceeding, including a
Proceeding by Indemnitee to establish or enforce a right to indemnification under this Agreement, applicable law or otherwise. 

        (d)   "Independent
Counsel" shall mean a law firm or a member of a law firm that neither is presently nor in the past five (5) years has been retained to represent:
(a) the Company, an affiliate of the Company or Indemnitee in any matter material to either party or (b) any other party to the Proceeding giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term "Independent Counsel" shall not include any person who, under the applicable standards of professional conduct then prevailing would have a conflict
of interest in representing either the Company or Indemnitee in an action to determine Indemnitee's right to indemnification under this Agreement. 

 

        (e)   "Liabilities"
shall mean liabilities of any type whatsoever, including, but not limited to, judgments or fines, ERISA or other excise taxes and penalties, and amounts
paid in settlement (including all interest, assessments or other charges paid or payable in connection with any of the foregoing) actually and reasonably incurred by Indemnitee in connection with a
Proceeding. 

        (f)    "Proceeding"
shall mean any pending, threatened or completed action, hearing, suit or any other proceeding, whether civil, criminal, arbitrative, administrative,
investigative or any alternative dispute resolution mechanism, including without limitation any such Proceeding brought by or in the right of the Company. 

        2.    Employment Rights and Duties.    Subject to any other obligations imposed on either of the parties by contract
or by law, and with the understanding that this Agreement is not intended to confer employment rights on either party which they did not possess on the date of its execution, Indemnitee agrees to
serve as a director or officer so long as he is duly appointed or elected and qualified in accordance with the applicable provisions of the Certificate and Bylaws of the Company or any subsidiary of
the Company and until such time as he resigns or fails to stand for election or until his employment terminates. Indemnitee may from time to time also perform other services at the request, or for the
convenience of, or otherwise benefiting the Company. Indemnitee may at any time and for any reason resign or be removed from such position (subject to any other contractual obligation or other
obligation imposed by operation of law), in which event the Company shall have no obligation under this Agreement to continue Indemnitee in any such position. 

        3.    Directors' and Officers' Insurance.    

        (a)   The
Company hereby covenants and agrees that, so long as Indemnitee shall continue to serve as a director or officer of the Company and thereafter so long as Indemnitee
shall be subject to any possible Proceeding, the Company shall maintain in full force and effect directors' and officers' insurance in reasonable amounts from established and reputable insurers. 

        (b)   In
all policies of directors' and officers' insurance, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee the same rights and benefits,
subject to the same limitations, as are accorded to the Company's directors or officers most favorably insured by such policy. 

        (c)   The
Company shall have no obligation to maintain directors' and officers' insurance if the Company determines in good faith that such insurance is not reasonably
available, the premium costs for such insurance are disproportionate to the amount of coverage provided, or the coverage provided by such insurance is limited by exclusions so as to provide an
insufficient benefit. 

        4.    Indemnification; General Agreement.    The Company shall indemnify Indemnitee to the fullest extent authorized
or permitted by Delaware law and the provisions of the Certificate and Bylaws of the Company in effect on the date hereof, and as Delaware law, the Certificate and Bylaws may from time to time be
amended (but, in the case of any such amendment, only to the extent such amendment permits the Company to provide broader indemnification rights than Delaware law, the Certificate and/or Bylaws
permitted the Company to provide before such amendment). The right to indemnification conferred in the Certificate shall be presumed to have been relied upon by Indemnitee in serving or continuing to
serve the Company as a director or officer and shall be enforceable as a contract right. Without in any way diminishing the scope of the indemnification provided by the Certificate and this
Section 4, the Company shall indemnify Indemnitee if and whenever he is or was a witness or party to, or is threatened to be made a witness or a party to, any Proceeding, by reason of the fact
that he is or was an Agent or by reason of anything done or not done, or alleged to have been done or not done, by him in such capacity, against all Expenses and Liabilities actually and reasonably
incurred by Indemnitee or on his behalf in connection with the investigation, defense, settlement or appeal of such Proceeding. In addition to, and not as a limitation of, the foregoing, the rights of 

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indemnification
of Indemnitee provided under this Agreement shall include those rights set forth in Sections 5, 6, 7 and 8 below. 

        5.    Payment of Expenses.    

        (a)   All
Expenses incurred by or on behalf of Indemnitee shall be advanced by the Company to Indemnitee promptly after the receipt by the Company of a written request for
such advance which may be made from time to time, whether prior to or after final disposition of a Proceeding (unless there has been a final determination by a court of competent jurisdiction that
Indemnitee is not entitled to be indemnified for such Expenses). Indemnitee shall be entitled to advancement of Expenses (including, but not limited to, the retainer or other advance payment of legal
counsel and experts) prior to the time Indemnitee is required to pay or advance such Expenses to third parties. Indemnitee's entitlement to advancement of Expenses shall include those incurred in
connection with any Proceeding by Indemnitee seeking a determination, an adjudication or an award in arbitration pursuant to this Agreement. The requests shall reasonably evidence the Expenses
incurred by Indemnitee in connection therewith. Indemnitee hereby undertakes to repay the amounts advanced if it shall ultimately be determined that Indemnitee is not entitled to be indemnified
pursuant to the terms of this Agreement, Delaware law or otherwise. 

        (b)   Notwithstanding
any other provision in this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any Proceeding,
Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee in connection therewith. 

        6.    Procedure for Determination of Entitlement to Indemnification.    Whenever Indemnitee believes that he is
entitled to indemnification pursuant to this Agreement, Indemnitee shall submit a written request for indemnification (the "Indemnification Request") to the Company to the attention of the President
with
a copy to the Secretary. This request shall include documentation or information that is necessary for the determination of entitlement to indemnification and that is reasonably available to
Indemnitee. A determination that Indemnitee has met the applicable standard of conduct set forth under Delaware law and is therefore entitled to indemnification will be made by (i) majority
vote of Directors who are not parties to the action with respect to which indemnification is sought, even though less than a quorum; (ii) a written opinion of an Independent Counsel (provided
there are no such Directors as set forth in (i) above or if such Directors as set forth in (i) above so direct); (iii) a majority vote of the stockholders at a meeting at which a
quorum is present, with the shares owned by the person to be indemnified not being entitled to vote thereon; or (iv) the court in which the Proceeding is or was pending upon application by
Indemnitee. The Company agrees to bear any and all costs and expenses incurred by Indemnitee or the Company in connection with the determination of Indemnitee's entitlement to indemnification by any
of the above forums. 

        7.    Presumptions and Effect of Certain Proceedings.    No initial finding by the Board, its counsel, Independent
Counsel or the shareholders shall be effective to deprive Indemnitee of the protection of this indemnity, nor shall a court or other forum to which Indemnitee may apply for enforcement of this
indemnity give any weight to any such adverse finding in deciding any issue before it. Upon making a request for indemnification, Indemnitee shall be presumed to be entitled to indemnification under
this Agreement and the Company shall have the burden of proof to overcome that presumption in reaching any contrary determination. The termination of any Proceeding by judgment, order, settlement,
arbitration award or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, (a) adversely affect the rights of Indemnitee to indemnification except as
indemnification may be expressly prohibited under this Agreement, (b) create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not
opposed to the best interests of the Company or (c) with respect to any criminal action or proceeding, create a presumption that Indemnitee had reasonable cause to believe that his conduct was
unlawful. 

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        8.    Partial Indemnification.    If Indemnitee is entitled under any provision of this Agreement to indemnification
by the Company for some or a portion of the Expenses, judgments, fines or penalties actually or reasonably incurred in the investigation, defense, appeal or settlement of any Proceeding, but not,
however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such expenses, judgments, fines or penalties to which Indemnitee is entitled. 

        9.    Remedies of Indemnitee in Cases of Determination not to Indemnify or to Not Advance Expenses.    

        (a)   In
the event that (a) an initial determination is made that Indemnitee is not entitled to indemnification, (b) advances for Expenses are not made when and
as required by this Agreement, (c) payment has not been timely made following a determination of entitlement to indemnification pursuant to this Agreement or (d) Indemnitee otherwise
seeks enforcement of this Agreement, Indemnitee shall be entitled to a final adjudication in an appropriate court of the State of Delaware of his entitlement to such indemnification or advance.
Alternatively, Indemnitee at his sole option may
seek an award in arbitration. If the parties are unable to agree on an arbitrator, the parties shall submit the dispute to Judicial Arbitration and Mediation Services, Inc. or its successor
("JAMS") for arbitration. The arbitration shall be administered by JAMS pursuant to its Streamlined Arbitration Rules and Procedures. Except as set forth herein, the substantive rights of the parties
shall be governed by Delaware law. The Company shall not oppose Indemnitee's right to seek any such adjudication or arbitration award. In any such proceeding or arbitration Indemnitee shall be
presumed to be entitled to indemnification under this Agreement and the Company shall have the burden of proof to overcome that presumption. The determination of the arbitrator shall be final and
binding. 

        (b)   An
initial determination, in whole or in part, that Indemnitee is not entitled to indemnification shall create no presumption in any judicial proceeding or arbitration
that Indemnitee has not met the applicable standard of conduct for, or is otherwise not entitled to, indemnification. 

        (c)   If
an initial determination is made or deemed to have been made pursuant to the terms of this Agreement that Indemnitee is entitled to indemnification, the Company shall
be bound by such determination in the absence of (a) a misrepresentation of a material fact by Indemnitee in the request for indemnification or (b) a specific finding (which has become
final) by a court of competent jurisdiction or arbitrator selected in accordance with the provisions of this Agreement that all or any part of such indemnification is expressly prohibited by law. 

        (d)   The
Company and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, will be inadequate, impracticable and difficult to
prove, and further agree that such breach would cause Indemnitee irreparable harm. Accordingly, the Company and Indemnitee agree that Indemnitee shall be entitled to temporary and permanent injunctive
relief to enforce this Agreement without the necessity of proving actual damages or irreparable harm. The Company and Indemnitee further agree that Indemnitee shall be entitled to such injunctive
relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bond or other undertaking in connection therewith. Any such
requirement of bond or undertaking is hereby waived by the Company, and the Company acknowledges that in the absence of such a waiver, a bond or undertaking may be required by the court. 

        (e)   The
Company shall be precluded from asserting that the procedures and presumptions of this Agreement are not valid, binding and enforceable. The Company shall stipulate
in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement and is precluded from making any assertion to the contrary. 

        (f)    Except
as otherwise provided in this Agreement, expenses (including, but not limited to, attorneys' fees and disbursements) incurred by Indemnitee in connection with his
request for 

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indemnification
under, seeking enforcement of or to recover damages for breach of this Agreement shall be borne and advanced by the Company, regardless of whether Indemnitee is ultimately deemed
entitled to indemnification under this Agreement. 

        10.    Other Rights to Indemnification.    Indemnitee's rights of indemnification and advancement of expenses provided
by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may now or in the future be entitled under applicable law, the Certificate, the Bylaws, an employment agreement,
a vote of shareholders or Disinterested Directors, insurance or other financial arrangements or otherwise. 

        11.    Limitations on Indemnification.    No indemnification pursuant to this Agreement shall be paid by the Company
nor shall Expenses be advanced pursuant to this Agreement: 

        (a)    Insurance.    To the extent that Indemnitee is reimbursed pursuant to such insurance as may exist for
Indemnitee's benefit. Notwithstanding the availability of such insurance, Indemnitee also may claim indemnification from the Company pursuant to this Agreement by assigning to the Company any claims
under such insurance to the extent Indemnitee is paid by the Company. Indemnitee shall reimburse the Company for any sums he receives as indemnification from other sources to the extent of any amount
paid to him for that purpose by the Company; 

        (b)    Section 16(b).    On account and to the extent of any wholly or partially successful claim against
Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company pursuant to the provisions of section 16(b) or the Securities Exchange Act of
1934, as amended, and amendments thereto or similar provisions of any federal, state or local statutory law; 

        (c)    Lack of Good Faith.    To indemnify Indemnitee for any expenses incurred by Indemnitee with respect to any
Proceeding instituted by Indemnitee to enforce or interpret this Agreement, if a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such Proceeding
was not made in good faith or was frivolous; or 

        (d)    Indemnitee's Proceedings.    Except as otherwise provided in this Agreement, in connection with all or any part
of a Proceeding which is initiated or maintained by or on behalf of Indemnitee, or any Proceeding by Indemnitee against the Company or its directors, officers, employees or other agents, unless
(a) such indemnification is expressly required to be made by Delaware law, (b) the Proceeding was authorized by a majority of the Disinterested Directors or (c) such
indemnification is provided by
the Company, in its sole discretion, pursuant to the powers vested in the Company under Delaware law. 

        12.    Duration and Scope of Agreement; Binding Effect.    This Agreement shall continue so long as Indemnitee shall
be subject to any possible Proceeding subject to indemnification by reason of the fact that he is or was an Agent and shall be applicable to any Proceeding commenced or continued after execution of
this Agreement, whether arising from acts or omissions occurring before, concurrently with or after such execution. This Agreement shall be binding upon the Company and its successors and assigns
(including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company) and shall inure to the benefit of
Indemnitee and his spouse, assigns, heirs, devisees, executors, administrators and other legal representatives. 

        13.    Notice by Indemnitee and Defense of Claims.    Indemnitee agrees promptly to notify the Company in writing upon
being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any matter which may be subject to indemnification hereunder, whether civil,
criminal, arbitrative, administrative or investigative; but the omission so to notify the Company will not relieve it from any liability which it may have to Indemnitee if such omission does not
actually prejudice the Company's rights and, if such omission does prejudice the 

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Company's
rights, it will relieve the Company from liability only to the extent of such prejudice; nor will such omission relieve the Company from any liability which it may have to Indemnitee
otherwise than under this Agreement. With respect to any Proceeding: 

          (i)  The
Company will be entitled to participate therein at its own expense; 

         (ii)  Except
as otherwise provided below, to the extent that it may wish, the Company jointly with any other indemnifying party similarly notified will be entitled to assume
the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election so to assume the defense thereof and the assumption of such
defense, the Company will not be liable to Indemnitee under this Agreement for any attorney fees or costs subsequently incurred by Indemnitee in connection with Indemnitee's defense except as
otherwise provided below. Indemnitee shall have the right to employ his counsel in such Proceeding but the fees and expenses of such counsel incurred after notice from the Company of its assumption of
the defense thereof and the assumption of such defense shall be at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee has been authorized by the Company,
(ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Company and Indemnitee in the conduct of the defense of such action or that the Company's
counsel may not be adequately representing Indemnitee or (iii) the Company shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and
expenses of counsel shall be at the expense of the Company; and 

        (iii)  The
Company shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action or claim effected without its written
consent. The Company shall not settle any action or claim which would impose any limitation or penalty on Indemnitee without Indemnitee's written consent. Neither the Company nor Indemnitee will
unreasonably withhold its or his consent to any proposed settlement. 

        14.    Miscellaneous Provisions.    

        (a)    Severability; Partial Indemnity.    If any provision or provisions of this Agreement (or any portion thereof)
shall be held by a court of competent jurisdiction to be invalid, illegal or unenforceable for any reason whatever: (a) such provision shall be limited or modified in its application to the
minimum extent necessary to avoid the invalidity, illegality or unenforceability of such provision; (b) the validity, legality and enforceability of the remaining provisions of this Agreement
shall not in any way be affected or impaired thereby; and (c) to the fullest extent possible, the provisions of this Agreement shall be construed so as to give effect to the intent manifested
by the provision (or portion thereof) held invalid, illegal or unenforceable. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of
any Expenses or Liabilities of any type whatsoever incurred by him in the investigation, defense, settlement or appeal of a Proceeding but not entitled to all of the total amount thereof, the Company
shall nevertheless indemnify Indemnitee for such total amount except as to the portion thereof for which it has been determined pursuant to Section 6 hereof that Indemnitee is not entitled. 

        (b)    Identical Counterparts.    This Agreement may be executed in one or more counterparts, each of which shall for
all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought
needs to be produced to evidence the existence of this Agreement. 

        (c)    Interpretation of Agreement.    It is understood that the parties hereto intend this Agreement to be
interpreted and enforced so as to provide indemnification to Indemnitee to the fullest extent not now or hereafter prohibited by law. 

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        (d)    Headings.    The headings of the sections and paragraphs of this Agreement are inserted for convenience only
and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

        (e)    Pronouns.    Use of the masculine pronoun shall be deemed to include use of the feminine pronoun where
appropriate. 

        (f)    Modification and Waiver.    No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by both of the parties to this Agreement. No waiver of any provision of this Agreement shall be deemed to constitute a waiver of any of the provisions hereof (whether or not
similar) nor shall such waiver constitute a continuing waiver. No waiver of any provision of this Agreement shall be effective unless executed in writing. 

        (g)    Notices.    All notices, requests, demands and other communications hereunder shall be in writing and shall be
deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or
registered mail with postage prepaid, on the third business day after the date on which it is so mailed, (c) sent via facsimile with the transmission and receipt of such facsimile having been
confirmed in a reputable manner, or (d) sent via electronic mail with the transmission and receipt of such electronic mail having been confirmed in a reputable manner: 

	 	(i) If to Indemnitee, to:	 	 
 
 
 
 Telephone: (      )
       -      

Fax: (      )       -        	 	 
	

 	

(ii) If to the Company to:	
 	

Dollar Financial Corp.

1436 Lancaster Ave., Suite 210

Berwyn, PA 19312

Attn: President

Telephone: (610) 296-3400

Fax: (610) 296-0991	
 	

 
	

 	

With a copy to:	
 	

Irell & Manella LLP

1800 Avenue of the Stars, Suite 900

Los Angeles, CA 90067

Attn: Anthony Iler

Telephone: (310) 277-1010

Fax: (310) 203-7199	
 	

 

or
to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may be. 

        (h)    Governing Law.    The parties agree that this Agreement shall be governed by, and construed and enforced in
accordance with, the laws of the State of Delaware, as applied to contracts between Delaware residents entered into and to be performed entirely within Delaware. 

        (i)    Consent to Jurisdiction.    The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of
the courts of the State of Delaware for all purposes in connection with any action or proceeding which arises out of or relates to this agreement and agree that any action instituted under this
agreement shall be brought only in the state courts of the State of Delaware. 

        (j)    Entire Agreement.    This Agreement represents the entire agreement between the parties hereto, and there are
no other agreements, contracts or understanding between the parties hereto with respect to the subject matter of this Agreement, except as specifically referred to herein or as provided in Sections 3
and 9 hereof. 

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        IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and year first above written. 

	 	 	DOLLAR FINANCIAL CORP.,

a Delaware corporation
	

 	
 	

 

	 	 	By:	 	 

	 	 	Its:	 	 

	

 	
 	
INDEMNITEE
	

 	
 	

 

	 	 	Name:	 	 

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DOLLAR FINANCIAL CORP. INDEMNIFICATION AGREEMENTFiled by Automated Filing Services Inc. (604) 609-0244 - House of Brussels Chocolates Inc. - Exhibit 10.1

 Exhibit 10.1 

 2004 STOCK OPTION PLAN 

 OF  

 HOUSE OF BRUSSELS CHOCOLATES INC.  

 March 23, 2004 

  

 A Nevada Corporation 

 

 STOCK OPTION PLAN OF

  HOUSE OF BRUSSELS CHOCOLATES INC.  

 TABLE OF CONTENTS 

	 	Page No.
	 	 
	PURPOSE OF THE PLAN	1
	 	 
	TYPES OF STOCK OPTIONS	1
	 	 
	DEFINITIONS	1
	 	 
	ADMINISTRATION OF THE PLAN	2
	 	 
	GRANT OF OPTIONS	3
	 	 
	STOCK SUBJECT TO PLAN	3
	 	 
	TERMS AND CONDITIONS OF OPTIONS	3
	 	 
	TERMINATION OR AMENDMENT OF THE PLAN	8
	 	 
	INDEMNIFICATION	8
	 	 
	EFFECTIVE DATE AND TERM OF THE PLAN	8

 STOCK OPTION PLAN OF

  HOUSE OF BRUSSELS CHOCOLATES INC.  

 A Nevada Corporation  

 1.  PURPOSE OF THE PLAN 

 The purpose of this Plan is to strengthen House of Brussels
  Chocolates Inc. (hereinafter the “Company”) by providing incentive
  stock options as a means to attract, retain and motivate key corporate personnel,
  through ownership of stock of the Company, and to attract individuals of outstanding
  ability to render services to and enter the employment of the Company or its
  subsidiaries. 

 2.  TYPES OF STOCK OPTIONS 

 There shall be two types of Stock Options (referred to herein
  as "Options" without distinction between such different types) that may be granted
  under this Plan: (1) Options intended to qualify as Incentive Stock Options
  under Section 422 of the Internal Revenue Code (“Qualified Stock Options”),
  and (2) Options not specifically authorized or qualified for favorable income
  tax treatment under the Internal Revenue Code (“Non-Qualified Stock Options”).

 3.  DEFINITIONS 

 The following definitions are applicable to the Plan:

	 	(1)	 Board. The Board of Directors of the Company. 
	 	 	 
	 	(2) 	Code. The Internal Revenue Code of 1986, as amended from time to time.
	 	 	 
	 	(3)	 Common Stock. The shares of Common Stock of the Company.
	 	 	 
	 	(4) 	 Company. House of Brussels Chocolates, Inc, a Nevada corporation. 
	 	 	 
	 	(5)	 Consultant. An individual or entity that renders
        professional services to the Company as an independent contractor and
        is not an employee or under the direct supervision and control of the
        Company. 

	 	 	 
	 	(6)	 Disabled or Disability. For the purposes of Section
        7, a disability of the type defined in Section 22(e)(3) of the Code. The
        determination of whether an individual is Disabled or has a Disability
        is determined under procedures established by the Plan Administrator for
        purposes of the Plan. 

	 	 	 
	 	(7)	 Fair Market Value. For purposes of the Plan, the
        “fair market value" per share of Common Stock of the Company at any
        date shall be: (a) if the Common Stock is listed on an established stock
        exchange or exchanges or the NASDAQ National Market, the closing price
        per share on the last trading day immediately preceding such date on the
        principal exchange on which it is traded or as reported by 

	 	 	NASDAQ; or (b) if the Common Stock is not then listed
        on an exchange or the NASDAQ National Market, but is quoted on the NASDAQ
        Small Cap Market, the NASDAQ electronic bulletin board or the National
        Quotation Bureau pink sheets, the average of the closing bid and asked
        prices per share for the Common Stock as quoted by NASDAQ or the National
        Quotation Bureau, as the case may be, on the last trading day immediately
        preceding such date; or (c) if the Common Stock is not then listed on
        an exchange or the NASDAQ National Market, or quoted by NASDAQ or the
        National Quotation Bureau, an amount determined in good faith by the Plan
        Administrator. 

	 	 	 
	 	(8)	 Incentive Stock Option. Any Stock Option intended to be and designated
      as an "incentive stock option" within the meaning of Section 422 of the
      Code. 
	 	 	 
	 	(9)	 Non-Qualified Stock Option. Any Stock Option that is not an Incentive
      Stock Option.
	 	 	 
	 	(10)	 Optionee. The recipient of a Stock Option. 
	 	 	 
	 	(11)	 Plan Administrator. The board or the Committee designated by the Board
      pursuant to Section 4 to administer and interpret the terms of the Plan.
    
	 	 	 
	 	(12)	 Stock Option. Any option to purchase shares of Common Stock granted pursuant
      to Section 7. 

4.  ADMINISTRATION OF THE PLAN 

 This Plan shall be administered by the Board of Directors
  or by a Compensation Committee (hereinafter the “Committee”) composed
  of members selected by, and serving at the pleasure of, the Board of Directors
  (the “Plan Administrator”). Subject to the provisions of the Plan,
  the Plan Administrator shall have authority to construe and interpret the Plan,
  to promulgate, amend, and rescind rules and regulations relating to its administration,
  to select, from time to time, among the eligible employees and non-employee
  consultants (as determined pursuant to Section 5) of the Company and its subsidiaries
  those employees and consultants to whom Stock Options will be granted, to determine
  the duration and manner of the grant of the Options, to determine the exercise
  price, the number of shares and other terms covered by the Stock Options, to
  determine the duration and purpose of leaves of absence which may be granted
  to Stock Option holders without constituting termination of their employment
  for purposes of the Plan, and to make all of the determinations necessary or
  advisable for administration of the Plan. The interpretation and construction
  by the Plan Administrator of any provision of the Plan, or of any agreement
  issued and executed under the Plan, shall be final and binding upon all parties.
  No member of the Committee or Board shall be liable for any action or determination
  undertaken or made in good faith with respect to the Plan or any agreement executed
  pursuant to the Plan. 

 If a Committee is established, all of the members of the Committee
  shall be persons who, in the opinion of counsel to the Company, are outside
  directors and "non-employee directors" within the meaning of Rule 16b-3(b)(3)(i)
  promulgated by the Securities and Exchange Commission. -From time to time, the
  Board may increase or decrease the size of the Committee, and add additional
  members to, or remove members from, the Committee. The Committee shall act 

 pursuant to a majority vote, or the written consent of a majority
  of its members, and minutes shall be kept of all of its meetings and copies
  thereof shall be provided to the Board. Subject to the provisions of the Plan
  and the directions of the Board, the Committee may establish and follow such
  rules and regulations for the conduct of its business as it may deem advisable.

 At the option of the Board, the entire Board of Directors
  of the Company may act as the Plan Administrator if no Compensation Committee
  is constituted. 

 5.  GRANT OF OPTIONS 

 The Company is hereby authorized to grant Incentive Stock
  Options as defined in section 422 of the Code to any employee or director (including
  any officer or director who is an employee) of the Company, or of any of its
  subsidiaries; provided, however, that no person who owns stock possessing more
  than 10% of the total combined voting power of all classes of stock of the Company,
  or any of its parent or subsidiary corporations, shall be eligible to receive
  an Incentive Stock Option under the Plan unless at the time such Incentive Stock
  Option is granted the Option price is at least 110% of the fair market value
  of the shares subject to the Option, and such Option by its terms is not exercisable
  after the expiration of five years from the date such Option is granted. 

 An employee may receive more than one Option under the Plan.
  Non-Employee Directors shall be eligible to receive Non-Qualified Stock Options
  in the discretion of the Plan Administrator. In addition, Non-Qualified Stock
  Options may be granted to employees, officers, directors and consultants who
  are selected by the Plan Administrator. 

 6.  STOCK SUBJECT TO PLAN 

 The stock available for grant of Options under the Plan shall
  be shares of the Company's authorized but unissued, or reacquired, Common Stock.
  Subject to adjustment as provided herein, the maximum aggregate number of shares
  of the Company’s common stock that may be optioned and sold under the Plan
  is 1,250,000 shares. 

 The maximum number of shares for which an Option may be granted
  to any Optionee during any calendar year shall not exceed three percent (3%)
  of the issued and outstanding common shares of the Company. In the event that
  any outstanding Option under the Plan for any reason expires or is terminated,
  the shares of Common Stock allocable to the unexercised portion of the Option
  shall again be available for Options under the Plan as if no Option had been
  granted with regard to such shares. 

 7.  TERMS AND CONDITIONS OF OPTIONS 

 Options granted under the Plan shall be evidenced by agreements
  (which need not be identical) in such form and containing such provisions that
  are consistent with the Plan as the Plan Administrator shall from time to time
  approve. Such agreements may incorporate all or any of the terms hereof by reference
  and shall comply with and be subject to the following terms and conditions:

	 	(1)	Number of Shares. Each Option agreement shall specify the number of shares
      subject to the Option. 

	 	(2)	Option Price. The purchase price for the shares subject
        to any Option shall be determined by the Plan Administrator at the time
        of the grant, but shall not be less than 85% of Fair Market Value per
        share. Anything to the contrary notwithstanding, the purchase price for
        the shares subject to any Incentive Stock Option shall not be less than
        100% of the Fair Market Value of the shares of Common Stock of the Company
        on the date the Stock Option is granted. In the case of any Incentive
        Stock Option granted to an employee who owns stock possessing more than
        10% of the total combined voting power of all classes of stock of the
        Company, or any of its parent or subsidiary corporations, the Option price
        shall not be less than 110% of the Fair Market Value per share of the
        Common Stock of the Company on the date the Option is granted. For purposes
        of determining the stock ownership of an employee, the attribution rules
        of Section 424(d) of the Code shall apply. In the case of Non-Qualified
        Stock Options granted to Consultants that do not qualify as Incentive
        Stock Options, the exercise price may be equal to a fixed percentage of
        the Fair Market Value per share of Common Stock based on the trading price
        of the Common Stock at the time of exercise, provided that the exercise
        price may not be less than 85% of the Fair Market Value per share of Common
        Stock at the time of exercise. 

	 	 	 
	 	(3)	 Notice and Payment. Any exercisable portion of a
        Stock Option may be exercised only by: (a) delivery of a written notice
        to the Company prior to the time when such Stock Option becomes unexercisable
        herein, stating the number of shares bring purchased and complying with
        all applicable rules established by the Plan Administrator; (b) payment
        in full of the exercise price of such Option by, as applicable, delivery
        of: (i) cash or check for an amount equal to the aggregate Stock Option
        exercise price for the number of shares being purchased, (ii) in the discretion
        of the Plan Administrator, upon such terms as the Plan Administrator shall
        approve, a copy of instructions to a broker directing such broker to sell
        the Common Stock for which such Option is exercised, and to remit to the
        Company the aggregate exercise price of such Stock Option (a “cashless
        exercise”), or (iii) in the discretion of the Plan Administrator,
        upon such terms as the Plan Administrator shall approve, shares of the
        Company's Common Stock owned by the Optionee, duly endorsed for transfer
        to the Company, with a Fair Market Value on the date of delivery equal
        to the aggregate purchase price of the shares with respect to which such
        Stock Option or portion is thereby exercised (a "stock-for-stock exercise");
        (c) payment of the amount of tax required to be withheld (if any) by the
        Company, or any parent or subsidiary corporation as a result of the exercise
        of a Stock Option. At the discretion of the Plan Administrator, upon such
        terms as the Plan Administrator shall approve, the Optionee may pay all
        or a portion of the tax withholding by: (i) cash or check payable to the
        Company, (ii) a cashless exercise, (iii) a stock-for-stock exercise, or
        (iv) a combination of one or more of the foregoing payment methods; and
        (d) delivery of a written notice to the Company requesting that the Company
        direct the transfer agent to issue to the Optionee (or his designee) a
        certificate for the number of shares of Common Stock for which the Option
        was exercised or, in the case of a cashless exercise, for any shares that
        were not sold in the cashless exercise. 

	 	(4)	 Terms of Option. No Option shall be exercisable
        after the expiration of the earliest of: (a) five (5) years after the
        date the Option is granted, (b) three months after the date the Optionee's
        employment with the Company and its subsidiaries terminates, or a Non-Employee
        Director or Consultant ceases to provide services to the Company, if such
        termination or cessation is for any reason other than Disability or death,
        (c) one year after the date the Optionee's employment with the Company,
        and its subsidiaries, terminates, or a Non-Employee Director or Consultant
        ceases to provide services to the Company, if such termination or cessation
        is a result of death or Disability; provided, however, that the Option
        agreement for any Option may provide for shorter periods in each of the
        foregoing instances. In the case of an Incentive Stock Option granted
        to an employee who owns stock possessing more than 10% of the total combined
        voting power of all classes of stock of the Company, or any of its parent
        or subsidiary corporations, the term set forth in (a) above shall not
        be more than five years after the date the Option is granted. 

	 	 	 
	 	(5) 	Exercise of an Option. No Option shall be exercisable
        during the lifetime of an Optionee by any person other than the Optionee.
        Subject to the foregoing, the Plan Administrator shall have the power
        to set the time or times within which each Option shall vest or be exercisable
        and to accelerate the time or times of vesting and exercise; provided,
        however each Option shall provide the right to exercise at the rate of
        at least 20% per year over five years from the date the Option is granted.
        Unless otherwise provided by the Plan Administrator, each Option will
        not be subject to any vesting requirements. To the extent that an Optionee
        has the right to exercise an Option and purchase shares pursuant hereto,
        the Option may be exercised from time to time by written notice to the
        Company, stating the number of shares being purchased and accompanied
        by payment in full of the exercise price for such shares. 

	 	 	 
	 	(6) 	No Transfer of Option. No Option shall be transferable by an Optionee
      otherwise than by will or the laws of descent and distribution. 
	 	 	 
	 	(7) 	Limit on Incentive Stock Option. The aggregate Fair
        Market Value (determined at the time the Option is granted) of the stock
        with respect to which an Incentive Stock Option is granted and exercisable
        for the first time by an Optionee during any calendar year (under all
        Incentive Stock Option plans of the Company and its subsidiaries) shall
        not exceed $100,000. To the extent the aggregate Fair Market Value (determined
        at the time the Stock Option is granted) of the Common Stock with respect
        to which Incentive Stock Options are exercisable for the first time by
        an Optionee during any calendar year (under all Incentive Stock Option
        plans of the Company and any parent or subsidiary corporations) exceeds
        $100,000, such Stock Options shall be treated as Non-Qualified Stock Options.
        The determination of which Stock Options shall be treated as Non-Qualified
        Stock Options shall be made by taking Stock Options into account in the
        Order in which they were granted. 

	 	(8)	 Restriction on Issuance of Shares. The issuance
        of Options and shares shall be subject to compliance with all of the applicable
        requirements of law with respect to the issuance and sale of securities,
        including, without limitation, any required qualification under state
        securities laws. If an Optionee acquires shares of Common Stock pursuant
        to the exercise of an Option, the Plan Administrator, in its sole discretion,
        may require as a condition of issuance of shares covered by the Option
        that the shares of Common Stock be subject to restrictions on transfer.
        The Company may place a legend on the share certificates reflecting the
        fact that they are subject to restrictions on transfer pursuant to the
        terms of this Section. In addition, the Optionee may be required to execute
        a buy-sell agreement in favor of the Company or its designee with respect
        to all or any of the shares so acquired. In such event, the terms of any
        such agreement shall apply to the optioned shares. 

	 	 	 
	 	(9)	 Investment Representation. Any Optionee may be required,
        as a condition of issuance of shares covered by his or her Option, to
        represent that the shares to be acquired pursuant to exercise will be
        acquired for investment and without a view toward distribution thereof,
        and in such case, the Company may place a legend on the share certificate(s)
        evidencing the fact that they were acquired for investment and cannot
        be sold or transferred unless registered under the Securities Act of 1933,
        as amended, or unless counsel for the Company is satisfied that the circumstances
        of the proposed transfer do not require such registration. 

	 	 	 
	 	(10)	 Rights as a Shareholder or Employee. An Optionee
        or transferee of an Option shall have no right as a stockholder of the
        Company with respect to any shares covered by any Option until the date
        of the issuance of a share certificate for such shares. No adjustment
        shall be made for dividends (Ordinary or extraordinary, whether cash,
        securities, or other property), or distributions or other rights for which
        the record date is prior to the date such share certificate is issued,
        except as provided in paragraph (13) below. Nothing in the Plan or in
        any Option agreement shall confer upon any employee any right to continue
        in the employ of the Company or any of its subsidiaries or interfere in
        any way with any right of the Company or any subsidiary to terminate the
        Optionee's employment at any time. 

	 	 	 
	 	(11)	 No Fractional Shares. In no event shall the Company be required to issue
      fractional shares upon the exercise of an Option. 
	 	 	 
	 	(12)	 Exercise in the Event of Death. In the event of
        the death of the Optionee, any Option or unexercised portion thereof granted
        to the Optionee, to the extent exercisable by him or her on the date of
        death, may be exercised by the Optionee's personal representatives, heirs,
        or legatees subject to the provisions of paragraph (4) above. 

	 	 	 
	 	(13)	 Recapitalization or Reorganization of the Company.
        Except as otherwise provided herein, appropriate and proportionate adjustments
        shall be made (1) in the number and class of shares subject to the Plan,
        (2) to the Option rights granted under the Plan, and (3) in the exercise
        price of such Option rights, in the event that the number of shares of
        Common Stock of the Company are increased or 

	 	 	decreased as a result of a stock dividend (but only
        on Common Stock), stock split, reverse stock split, recapitalization,
        reorganization, merger, consolidation, separation, or like change in the
        corporate or capital structure of the Company. In the event there shall
        be any other change in the number or kind of the outstanding shares of
        Common Stock of the Company, or any stock or other securities into which
        such common stock shall have been changed, or for which it shall have
        been exchanged, whether by reason of a complete liquidation of the Company
        or a merger, reorganization, or consolidation with any other corporation
        in which the Company is not the surviving corporation, or the Company
        becomes a wholly-owned subsidiary of another corporation, then if the
        Plan Administrator shall, in its sole discretion, determine that such
        change equitably requires an adjustment to shares of Common Stock currently
        subject to Options under the Plan, or to prices or terms of outstanding
        Options, such adjustment shall be made in accordance with such determination.
      

       To the extent that the foregoing adjustments relate
        to stock or securities of the Company, such adjustment shall be made by
        the Plan Administrator, the determination of which in that respect shall
        be final, binding, and conclusive. No right to purchase fractional shares
        shall result from any adjustment of Options pursuant to this Section.
        In case of any such adjustment, the shares subject to the Option shall
        he rounded down to the nearest whole share. Notice of any adjustment shall
        be given by the Company to each Optionee whose Options shall have been
        so adjusted and such adjustment (whether or not notice is given) shall
        be effective and binding for all purposes of the Plan. 

       In the event of a complete liquidation of the Company
        or a merger, reorganization, or consolidation of the Company with any
        other corporation in which the Company is not the surviving corporation,
        or the Company becomes a wholly-owned subsidiary of another corporation,
        any unexercised Options granted under the Plan shall be deemed cancelled
        unless the surviving corporation in any such merger, reorganization, or
        consolidation elects to assume the Options under the Plan or to issue
        substitute Options in place thereof; provided, however, that notwithstanding
        the foregoing, if such Options would be cancelled in accordance with the
        foregoing, the Optionee shall have the right exercisable during a ten-day
        period ending on the fifth day prior to such liquidation, merger, or consolidation
        to exercise such Option in whole or in part without regard to any installment
        exercise provisions in the Option agreement. 

	 	 	 
	 	(14)	 Modification, Extension and Renewal of Options. Subject
        to the terms and conditions and within the limitations of the Plan, the
        Plan Administrator may modify, extend or renew outstanding options granted
        under the Plan and accept the surrender of outstanding Options (to the
        extent not theretofore exercised). The Plan Administrator shall not, however,
        without the approval of the Board, modify any outstanding Incentive Stock
        Option in any manner that would cause the Option not to qualify as an
        Incentive Stock Option within the meaning of Section 422 of the Code.
        Notwithstanding the foregoing, no modification of an Option shall, without
        the consent of the Optionee, alter or impair any rights of the Optionee
        under the Option. 

      

	 	(15)	 Other Provisions. Each Option may contain such other terms, provisions,
      and conditions not inconsistent with the Plan as may be determined by the
      Plan Administrator. 

8.  TERMINATION OR AMENDMENT OF THE PLAN 

 The Board may at any time terminate or amend the Plan; provided
  that, without approval of the holders of a majority of the shares of Common
  Stock of the Company represented and voting at a duly held meeting at which
  a quorum is present, there shall be (except by operation of the provisions of
  paragraph 6 or paragraph 7(13) above) no increase in the total number of shares
  covered by the Plan, no change in the class of persons eligible to receive options
  granted under the Plan, no reduction in the limits for determination of the
  minimum exercise price of Options granted under the Plan, and no extension of
  the limits for determination of the latest date upon which Options may be exercised;
  and provided further that, without the consent of the Optionee, no amendment
  may adversely affect any then outstanding Option or any unexercised portion
  thereof. 

 9.  INDEMNIFICATION 

 In addition to such other rights of indemnification as they
  may have as members of the Board Committee that administers the Plan, the members
  of the Plan Administrator shall be indemnified by the Company against reasonable
  expense, including attorney's fees, actually and necessarily incurred in connection
  with the defense of any action, suit or proceeding, or in connection with any
  appeal therein to which they, or any of them, may be a party by reason of any
  action taken or failure to act under or in connection with the Plan or any Option
  granted thereunder, and against any and all amounts paid by them in settlement
  thereof (provided such settlement is approved by independent legal counsel selected
  by the Company). In addition, such members shall be indemnified by the Company
  for any amount paid by them in satisfaction of a judgment in any action, suit,
  or proceeding, except in relation to matters as to which it shall have been
  adjudged that such member is liable for negligence or misconduct in the performance
  of his or her duties, provided however that within sixty (60) days after institution
  of any such action, suit, or proceeding, the member shall in writing offer the
  Company the opportunity, at its own expense, to handle and defend the same.

 10. EFFECTIVE DATE AND TERM OF THE PLAN 

 This Plan shall become effective (the "Effective Date") on
  the date of adoption by the board of directors. Unless sooner terminated by
  the Board in its sole discretion, this Plan will expire on March 23, 2014. 

 IN WITNESS WHEREOF, the Company by its duly authorized officer, has
  caused this Plan to be executed as of the 23rd day of March, 2004.

	 	HOUSE OF BRUSSELS CHOCOLATES INC.
	 	 	 
	 	/s/ Grant Petersen
	 	
	
 
	 	By:	Grant Petersen
	 	Its:	President

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