Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - UltraGuard Water Systems Corp. - Exhibit 4.1

 EXHIBIT 4.1

 THE INCENTIVE PLAN OF ULTRAGUARD WATER SYSTEMS CORP.

 UltraGuard Water Systems Corp., a Nevada corporation (the “Company”),
  hereby adopts the Incentive Plan of UltraGuard Water Systems Corp. (the “Plan”)
  this 26th day of November, 2003. Under the Plan, the Company may
  issue stock, or grant options to acquire the Company's common stock, par value
  $0.001 (the “Stock”), from time to time to employees of the Company
  or its subsidiaries, all on the terms and conditions set forth herein (“Benefits”).
  In addition, at the discretion of the Board of Directors, Benefits may from
  time to time be granted under this Plan to other individuals, including consultants
  or advisors, who contribute to the success of the Company or its subsidiaries
  but are not employees of the Company or its subsidiaries, provided that bona
  fide services shall be rendered by consultants and advisors and such services
  must not be in connection with the offer or sale of securities in a capital-raising
  transaction. No stock may be issued, or option granted under the benefit plan
  to consultants, advisors, or other persons who directly or indirectly promote
  or maintain a market for the Company’s securities. 

 1. Purpose of the Plan. The Plan is intended to aid the Company in
  maintaining and developing a management team, attracting qualified officers
  and employees capable of assuring the future success of the Company, and rewarding
  those individuals who have contributed to the success of the Company. The Company
  has designed this Plan to aid it in retaining the services of executives and
  employees and in attracting new personnel when needed for future operations
  and growth and to provide such personnel with an incentive to remain employees
  of the Company, to use their best efforts to promote the success of the Company's
  business, and to provide them with an opportunity to obtain or increase a proprietary
  interest in the Company. It is also designed to permit the Company to reward
  those individuals who are not employees of the Company but who management perceives
  to have contributed to the success of the Company or who are important to the
  continued business and operations of the Company. The above goals will be achieved
  through the granting of Benefits. 

 2. Administration of this Plan. Administration of this
  Plan shall be determined by the Company's Board of Directors (the “Board”).
  Subject to compliance with applicable provisions of the governing law, the Board
  may delegate administration of this Plan or specific administrative duties with
  respect to this Plan on such terms and to such committees of the Board as it
  deems proper (hereinafter the Board or its authorized committee shall be referred
  to as “Plan Administrators”). The interpretation and construction
  of the terms of this Plan by the Plan Administrators thereof shall be final
  and binding on all participants in this Plan absent a showing of demonstrable
  error. No member of the Plan Administrators shall be liable for any action taken
  or determination made in good faith with respect to this Plan. Any Benefit approved
  by a majority vote of those Plan Administrators attending a duly and properly
  held meeting shall be valid. Any Benefit approved by the Plan Administrators
  shall be approved as specified by the Board at the time of delegation. 

 3. Shares of Stock Subject to this Plan. A total of five million (5,000,000)
  shares of Stock may be subject to, or issued pursuant to, Benefits granted under
  this Plan. If any right to acquire Stock granted under this Plan is exercised
  by the delivery of shares of Stock or the relinquishment of rights to shares
  of Stock, only the net shares of Stock issued (the shares of stock issued less
  the shares of Stock surrendered) shall count against the total number of shares
  reserved for issuance under the terms of this Plan. 

 4. Reservation of Stock on Granting of Option. At the time any option
  is granted under the terms of this Plan, the Company will reserve for issuance
  the number of shares of Stock subject to such option until it is exercised or
  expires. The Company may reserve either authorized but unissued shares or issued
  shares reacquired by the Company. 

 5. Eligibility. The Plan Administrators may grant Benefits to employees,
  officers, and directors of 

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the Company and its subsidiaries, as may be existing from time to time, and
  to other individuals who are not employees of the Company or its subsidiaries,
  including consultants and advisors, provided that such consultants and advisors
  render bona fide services to the Company or its subsidiaries and such services
  are not rendered in connection with the offer or sale of securities in a capital-raising
  transaction. In any case, the Plan Administrators shall determine, based on
  the foregoing limitations and the Company’s best interests, which employees,
  officers, directors, consultants and advisors are eligible to participate in
  this Plan. Benefits shall be in the amounts, and shall have the rights and be
  subject to the restrictions, as may be determined by the Plan Administrators,
  all as may be within the provisions of this Plan. 

	6. Term of Options issued as Benefits and
      Certain Limitations on Right to Exercise.
	 	 	 
	 	a.
   	Each option issued as a benefit hereunder (“Option”)
      shall have its term established by the Plan Administrators at the time the
      Option is granted.
  
	 	b.
   	The term of the Option, once it is granted, may be reduced
      only as provided for in this Plan and under the express written provisions
      of the Option.
  
	 	c.
   	Unless otherwise specifically provided by the written provisions
      of the Option or required by applicable disclosure or other legal requirements
      promulgated by the Securities and Exchange Commission (“Commission”),
      no participant of this Plan or his or her legal representative, legatee,
      or distributee will be, or shall be deemed to be, a holder of any shares
      subject to an Option unless and until such participant exercises his or
      her right to acquire all or a portion of the Stock subject to the Option
      and delivers the required consideration to the Company in accordance with
      the terms of this Plan and then only as to the number of shares of Stock
      acquired. Except as specifically provided in this Plan or as otherwise specifically
      provided by the written provisions of the Option, no adjustment to the exercise
      price or the number of shares of Stock subject to the Option shall be made
      for dividends or other rights for which the record date is prior to the
      date on which the Stock subject to the Option is acquired by the holder.

        

	 	d.
   	Options shall vest and become exercisable at such time or
      times and on such terms as the Plan Administrators may determine at the
      time of the grant of the Option.
  
	 	e.
   	Options may contain such other provisions, including further
      lawful restrictions on the vesting and exercise of the Options as the Plan
      Administrators may deem advisable.
  
	 	f.
   	In no event may an Option be exercised after the expiration
      of its term.
  
	 	g.
   	Options shall be non-transferable, except by the laws of
      descent and distribution.
  
	7. Exercise Price. The Plan Administrators
      shall establish the exercise price payable to the Company for shares to
      be obtained pursuant to Options which exercise price may be amended from
      time to time, as the Plan Administrators shall determine.
   
	8. Payment of Exercise Price. The
      exercise of any Option shall be contingent on receipt by the Company of
      the exercise price paid in either cash, certified or personal check payable
      to the Company.
   
	9.  Withholding. If the grant
      of a Benefit hereunder, or exercise of an Option given as a benefit is subject
      to withholding or other trust fund payment requirements of the Internal
      Revenue Code of 1986, as amended (the “Code”), or applicable state
      or local laws, the Company will initially pay the optionee’s liability
      and will be reimbursed by optionee no later than six months after such liability
      arises. Optionee hereby agrees to such reimbursement terms.
  
	10. Dilution or Other Adjustment.
      The shares of Stock subject to this Plan and the exercise price of

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outstanding Options are subject to proportionate adjustment in the event of
  a stock dividend or a change in the number of issued and outstanding shares
  as a result of a stock split, consolidation, or other recapitalization. The
  Company, at its option, may adjust the Options, issue replacements, or declare
  Options void. 

 11. Benefits to Foreign Nationals. The Plan Administrators may, in
  order to fulfill the purpose of this Plan and without amending this Plan, grant
  benefits to foreign nationals or individuals residing in foreign countries that
  contain provisions, restrictions, and limitations different from those set forth
  in this Plan and the Benefits made to United States residents in order to recognize
  differences among the countries in law, tax policy, and custom. Such grants
  shall be made in an attempt to give such individuals essentially the same benefits
  as contemplated by a grant to United States residents under the terms of this
  Plan. 

 12. Listing and Registration of Shares. Each Option shall be subject
  to the requirement that if at any time the Plan Administrators shall determine,
  in their sole discretion, that it is necessary or desirable to list, register,
  or qualify the shares covered thereby on any securities exchange or under any
  state or federal law, or obtain the consent or approval of any governmental
  agency or regulatory body as a condition of, or in connection with, the granting
  of such Option or the issuance or purchase of shares thereunder, such Option
  may not be exercised in whole or in part unless and until such listing, registration,
  consent, or approval shall have been effected or obtained free of any conditions
  not acceptable to the Plan Administrators. 

 13. Expiration and Termination of this Plan. This Plan may be abandoned
  or terminated at any time by the Plan Administrators except with respect to
  any Options then outstanding under this Plan. This Plan shall otherwise terminate
  on the earlier of the date that is five years from the date first appearing
  in this Plan or the date on which the two million four hundred thousandth share
  is issued hereunder. 

 14. Amendment of this Plan. This Plan may not be amended more than
  once during any six month period, other than to comport with changes in the
  Code or the Employee Retirement Income Security Act or the rules and regulations
  promulgated thereunder. The Plan Administrators may modify and amend this Plan
  in any respect; provided, however, that to the extent such amendment or modification
  would cause this Plan to no longer comply with the applicable provisions of
  the Code governing incentive stock benefits as they may be amended from time
  to time, such amendment or modification shall also be approved by the shareholders
  of the Company. 

 ATTEST: 

 /s/ Ken Fielding 

  Ken Fielding, Chief Executive Officer 

 3Filed by Automated Filing Services Inc. (604) 609-0244 - UltraGuard Water Systems Corp. - Exhibit 4.2

EXHIBIT 4.2

 SECTION 10(A) PROSPECTUS
  OF

  ULTRAGUARD WATER SYSTEMS CORP.

 December 1, 2003: This document constitutes part of a prospectus covering
  securities of UltraGuard Water Systems Corp., a Nevada corporation (“Company”),
  that have been registered with the Securities and Exchange Commission (“Commission”)
  under the Securities Act of 1933. This document, a Section 10(a) Prospectus,
  contains and constitutes four sections. The first and second sections “General
  Plan Information” and “Registrant Information and Employee Plan Annual
  Information” are found in this Prospectus. The Company’s latest Form
  10-KSB, for the fiscal year ended December 31, 2002, which is incorporated herein
  by this reference, comprises the third section of this Prospectus, with which
  offerees are being constructively provided. The fourth section of this Prospectus
  contains a Stock Option Agreement and Notice of Exercise, which are provided
  to offerees of stock options, to be completed and submitted within the time
  permitted, in conjunction with the tender of the appropriate consideration,
  by those who wish to exercise their options. 

 Item 1. General Plan Information  

 The Company’s board of directors (“Board”) has adopted a stock
  option plan for its employees and others entitled “The 2003 Benefit Plan
  of UltraGuard Water Systems Corp.” (“Plan”). Pursuant to the
  Plan, the Board can authorize the issuance of shares or options to purchase
  up to an aggregate of five million (5,000,000) shares of the Company’s
  common stock, par value $0.001 per share, over a maximum five (5) year period,
  although the Board may shorten this period. 

 The Board adopted the Plan on November 26, 2003. The Plan is intended to aid
  the Company in maintaining and developing a quality management team, attracting
  qualified employees, consultants, and advisors who can contribute to the future
  success of the Company, and in providing such individuals with an incentive
  to use their best efforts to promote the growth and profitability of the Company.

 The Plan is not subject to the provisions of the Employee Retirement Income
  Security Act of 1974, as amended (“ERISA”), nor qualified under Section
  401(a) of the Internal Revenue Code of 1986, as amended (“Code”).
  Administration of the Plan is the exclusive province of the Board. Board members
  are elected at each annual meeting of shareholders for a term of one year. Should
  the Company fail to hold an annual meeting, each member of the Board serves
  until their replacements are elected and qualified. 

 As ultimate administrators of the Plan, the Board should be contacted with
  requests for additional Plan information. Alternatively, the Board may appoint
  a committee to administer the Plan (hereinafter the Board or its duly authorized
  committee shall be referred to as “Plan Administrators”). Since the
  Board has authorized no committee, the current Board members are the Plan Administrators.
  The Board includes Ken Fielding, Erin Strench, Edward A White and J R Gaetz.
  The address of the Board is c/o the Company, 914 Sherwood Avenue, Coquitlam,
  British Columbia V3K 1A6, Canada, telephone number (604) 540-8282. 

 In the event a vacancy in the Board arises, the vote of a majority of remaining
  directors may select a successor, or, if the remaining Board does not fill the
  vacancy, the vote of shareholders may also elect a successor to fill such vacancy.
  Board members may be removed from office by the vote of shareholders representing
  not less than two-thirds (2/3) of the shares entitled to vote on such removal.
  Plan Administrators who are not Board members can be removed or appointed at
  any time for any reason by the majority vote of Board members. 

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 The Plan Administrators shall interpret the Plan (which interpretation is
  binding on the participants absent demonstrable error), determine which employees
  or others shall receive shares or options, decide the number of shares or options
  to be issued, and establish other terms related to the issuance or granting
  of shares or options not already established in the Company’s Plan. Information
  concerning changes in the Plan Administrators will be provided in the future
  either in the Company's proxy statements, annual or other reports, or in amendments
  to this document. 

 Securities to be Offered  

 Shares and options providing for the issuance or purchase of common stock
  equaling a maximum of five million (5,000,000) shares may be granted under the
  Plan. All options under the Plan are “non-qualified” stock options.
  The number of shares issuable under the Plan is subject to adjustment in the
  event of changes in the outstanding shares resulting from stock dividends, stock
  splits, or recapitalization. 

 Employees Who May Participate in the Plan  

 The Board shall determine which of the Company’s employees are eligible
  for shares or options under the Plan. The term “Employee” includes
  any employee, director, officer, consultant or advisor of the Company or any
  of its subsidiaries, provided that consultants and advisors render bona fide
  services and that such services are not in connection with the offer or sale
  of securities in a capital-raising transaction. 

 Purchase of Securities Pursuant to the Plan and Payment for Securities
  Offered 

 The Plan Administrators shall determine which employees shall receive shares
  or options. The Plan is not subject to ERISA. The securities are to be issued
  by the Company and not purchased on the open market or otherwise. 

 Options granted under the Plan shall be exercisable as determined by the Plan
  Administrators. If an option granted under the Plan should expire or terminate
  for any reason without having been exercised in full, the shares that have not
  been purchased, subject to that option, will again be available for grant under
  the Plan. 

 The exercise price payable to the Company for optioned shares shall be as
  set forth from time to time by the Plan Administrator. The exercise of any share
  option shall be contingent on receipt by the Company of the exercise price paid
  in either cash, certified or personal check payable to the Company. 

 The shares subject to the Plan and the exercise price of outstanding options
  are subject to proportionate adjustment in the event of a stock dividend or
  a change in the number of issued and outstanding shares as a result of a stock
  split, consolidation, or other recapitalization. Options and all other interests
  under the Plan shall be non-transferable, except by means of a will or the laws
  of descent and distribution. 

 Amendments and Termination 

 The Plan may be abandoned or terminated at any time by the Plan Administrators
  except with respect to any options then outstanding under the Plan. The Plan
  shall otherwise terminate on the earlier of the date that is five years from
  the date first appearing in the Plan or the date on which a share or an option
  for the issuance of the two million four hundred thousandth share is granted
  under the Plan or the date on which the two million four hundred thousandth
  share is deregistered on a post-effective amendment on Form S-8 filed with the
  Commission. No options may be granted under the terms of the Plan after it has
  been 

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 terminated. The Board may alter or amend the Plan only once during any six
  month period, except as to comply with changes to the Code. No termination,
  suspension, alteration or amendment may adversely affect the rights of a holder
  of a previously issued option without the consent of that holder. 

 Resale of Common Stock 

 Shares issued under the Plan or purchased on exercise of options granted under
  the Plan shall have been initially registered pursuant to a Form S-8 Registration
  Statement filed by the Company. Subsequent resale of shares obtained pursuant
  to the Plan may be eligible for immediate resale depending on whether an exemption
  from registration is available or whether the shares are in fact registered.
  The Company makes no statement as to subsequent salability of specific shares
  obtained pursuant to the Plan and urges any persons seeking to sell shares so
  obtained to seek counsel from independent attorneys. 

 As may be applicable for subsequent resale of shares obtained from the Plan,
  the Board believes that the Company has filed all reports and other materials
  required to be filed with the Commission during the preceding twelve months
  under the Securities Exchange Act of 1934 as of November 20, 2003. 

 Tax Effects of Plan Participation & Nonstatutory Options 

 The following discussion of the federal income tax consequences of participation
  in the Plan is only a summary, does not purport to be complete, and does not
  cover, among other things, state and local tax consequences. Additionally, differences
  in participants' financial situations may cause federal, state, and local tax
  consequences of participation in the Plan to vary. Therefore, each participant
  in the Plan is urged to consult his or her own accountant, legal or other advisor
  regarding the tax consequences of participation in the Plan. This discussion
  is based on the provisions of the Code as presently in effect. 

 Under the current provisions of the Code, if shares are issued to the original
  holder of a non-qualified option granted and exercised under the Plan (assuming
  there is not an active trading market for options of the Company), (i) the option
  holder (“Holder”) will not recognize income at the time of the grant
  of the option; (ii) on exercise of the option the Holder will recognize ordinary
  income in an amount equal to the excess of the fair market value of the shares
  acquired at the time of exercise over the exercise price; (iii) upon the sale
  of the shares the Holder will recognize a short term or long term capital gain,
  or loss, as may be, in an amount equal to the difference between the amount
  he or she receives from the sale of those shares and the Holder's tax basis
  in the shares (as described below); and (iv) the Company will be entitled to
  expense as compensation the amount of ordinary income that the holder recognized,
  as set forth in Clause (ii) above. 

 If the Holder pays the exercise price entirely in cash, the tax basis of the
  shares will be equal to the amount of the exercise price paid plus the ordinary
  income recognized by the Holder from exercising the options. This basis should
  equal the fair market value of the shares acquired on the date of exercise.
  The holding period, if any, will begin on the day after the tax basis of the
  shares is determined. 

 The ordinary income received by the Holder on exercise of the option is considered
  to be compensation from the Company. As with other forms of compensation, withholding
  tax and other payments will be due with respect to the exercise of the options.
  The Company will initially pay the optionee’s liability and will be reimbursed
  by optionee no later than six months after such liability arises. Optionee hereby
  agrees to such reimbursement terms. 

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 Item 2. Registrant Information and Employee Plan Annual Information 

 The Company will provide to any Employee upon request a copy, without charge,
  of the Company's periodic reports filed with the Commission, including its latest
  annual report on Form 10-KSB and its quarterly reports on Form 10-QSB. The Company
  will also provide any Employee upon written or oral request a copy, without
  charge, of the documents incorporated by reference in Item 3 of Part II of the
  Form S-8 Registration Statement. These documents are also incorporated by reference
  into the Section 10(a) Prospectus, of which this document is a part. Requests
  for such information should be directed to the Company 914 Sherwood Avenue,
  Coquitlam, British Columbia V3K 1A6, Canada. 

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