Document:

Severance Agreement of George Gebhardt

 Exhibit 10.4 
  

			
		  	 August 1, 2006

 George Gebhardt 
 ECCA Management Services, LTD 
 11103 West Avenue 
 San Antonio, Texas 78213-1392 
  

	 	Re:	Severance 

 Dear George:

 This letter sets forth the conditions under which you will be entitled to receive severance benefits if we terminate your employment
relationship for reasons other than Cause, or you resign as a result of a Material Change during the term of this Agreement. For definitions of these and other capitalized terms, see Appendix A. The term of this Agreement is from August 1, 2006
(or closing of the merger of Franklin Merger Sub Inc. (“Merger Sub”), a subsidiary of HVHC Inc. (“HVHC”), with and into ECCA Holdings Corporation (“ECCA Holdings”) pursuant to that certain Agreement and Plan of Merger,
dated as of April 25, 2006, by and among HVHC, Merger Sub, ECCA Holding Shareholder Trust, and ECCA Holdings, if later) to December 31, 2008. This Agreement applies to terminations of employment during this term. 
 In return for this promise to pay severance under certain circumstances, you agree to comply with the various covenants and restrictions below,
regardless of the reason for your termination of employment. 
 Amount of Severance. If you qualify for severance, ECCA Management
Services, LTD. (ECCA Services) will pay you an amount equal to 150% of your base annual salary at the time of termination, in equal installments over eighteen (18) months. 
 Management Incentive Plan Payments (MIP). If you qualify for severance, you will also receive (i) any MIP payment for the calendar year
preceding your termination, if it was not previously paid to you or deferred, and (ii) a portion of the MIP payment you have earned during the year of termination, pro rated based upon the number of your complete months of employment during the
year. These MIP payments will be made at the same time such payments are normally made for the applicable year to executives who continue in employment, but in any case by March 15 of the year following the performance year to which the payment
relates. Amounts are payable based on actual performance. 
  

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 Benefits. ECCA Services will also pay up to eighteen (18) months’ worth of COBRA
premiums for health coverage that you elect to receive under the ECCA welfare benefit plan (“Plan”) while you are eligible for COBRA, unless you are eligible for health insurance benefits as an employee or dependent under the Plan. The
COBRA premium payment will be calculated on the basis of what it costs ECCA Services to provide similarly situated active employees with health coverage under the Plan. In addition, ECCA Services will pay you an amount equal to eighteen
(18) months of premiums for employer-provided group term life insurance coverage (based upon the premium rate in effect at the time of your termination), in a lump sum as soon as practicable following your termination. 
 Except as provided above or as provided to terminated employees under the specific terms of a qualified or non-qualified employee benefit plan, fringe
benefit or compensation program in which you are eligible to participate, you will not be entitled to any other benefits or compensation from ECCA Services after (or as a result of) your termination of employment. You also may not receive severance
under any other agreement, plan or arrangement with ECCA Services or any Affiliate. 
 Qualifying for Severance. You will qualify for
severance under this Agreement if, during the term of this Agreement, (i) we terminate your employment for reasons other than Cause, or (ii) you elect to resign within sixty (60) days after you have knowledge of a Material Change. As
noted above, these capitalized terms are defined in Appendix A. In any case, you must timely sign and return a General Release and Waiver Agreement (and not revoke it) provided by ECCA Services in order to receive severance or benefits under this
Agreement. A copy of the Release that ECCA Services currently uses is available for review upon request. 
 However, you will NOT qualify for
severance if any of the following apply: (i) you are terminated for Cause, (ii) you choose to remain employed by ECCA Services (or a successor entity or any Affiliate) more than sixty (60) days after the occurrence of a Material
Change, (iii) you voluntarily resign or retire (other than due to a Material Change), (iv) your termination is due to long-term disability entitling you to disability benefits from the applicable ECCA long-term disability plan or death, or
(v) you decline to sign and return the General Release and Waiver Agreement within the time specified by the Company, or you attempt to revoke it. 
 Your Covenants. In consideration for the opportunity to receive severance hereunder, you agree to the following: 
 (1) During your employment and after your separation (for whatever reason), you will not disclose ECCA’s Confidential Information to others (except as required in the normal performance of your duties for the
Company) or use such information for your own advantage or for the advantage of others. All records, files, materials and Confidential Information obtained by you in the course of your employment with the Company are confidential and proprietary and
shall remain the exclusive property of the Company. This provision does not preclude you from providing truthful information to the extent required by subpoena, court order, search warrant or other legal process, but you must immediately notify the
General Counsel of the Company of such request in order to provide us with the opportunity to object in the appropriate forum and obtain a ruling on our objection. 
  

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 (2) Upon the Company’s request at any time, or upon separation from employment (for whatever
reason), you will deliver to ECCA (a) all documents and materials containing ECCA trade secrets and other Confidential Information, and (b) all other documents, materials and other property belonging to ECCA that are in your possession or
under your control, including, but not limited to, Company-provided automobiles, computers, cellular telephones, pagers, rolodexes or address/telephone books. 
 (3) During the term of this Agreement and for twelve (12) months after your separation (for whatever reason), you will not directly or indirectly, in any capacity whatsoever, entice, induce or solicit, or attempt
to entice, induce or solicit, any individual or entity having a business relationship with ECCA, whether as an employee, consultant, customer or otherwise, to terminate or cease such relationship or to divert any business from ECCA. 
 (4) During the term of this Agreement and for twelve (12) months after your separation (for whatever reason), you will not own (other than as a
shareholder of less than 1% of a publicly traded entity), accept employment in any capacity with, serve as a consultant for, or otherwise provide services or support of any nature to any entity, company, corporation or person engaged in Optical
Retailing in any geographic area in which the Company does business (for purposes of this Agreement, “Optical Retailing” shall be defined as any retail company in which gross sales from the sale of optics and optical related devices (such
as eyeglasses, sunglasses and eye contact lenses) is greater than fifteen (15%) percent of its total gross sales). After separation, you may ask the Chairman of Eye Care Centers of America, Inc., by written request, to reduce or modify the
scope of this non-competition clause. The decision to grant or deny such a request shall be within the sole discretion of the Chairman of Eye Care Centers of America, Inc., and shall be effective only if it is in writing. 
 By signing this Agreement, you agree that these covenants are reasonable as to time, geographical area and scope of activity and do not impose a
restriction greater than is necessary to protect the Company’s goodwill, proprietary information and business interests. You also agree that this Agreement provides enhanced protections and benefits you would otherwise not be entitled to, and
that these protections and benefits constitute valuable consideration sufficient to support the obligations described above. You also agree that any breach of these covenants is likely to cause irreparable injury to the Company and that damages for
any breach are difficult to calculate. Therefore, the Company shall, at its election, be entitled to injunctive and other equitable relief from a court in addition to whatever other relief or remedies, including damages, may be available.

 Miscellaneous. This Agreement: (i) may be amended only by a written instrument which is executed by both parties,
(ii) shall be governed by the laws of Texas, without regard to its conflict of law provisions, (iii) is intended to be legally valid and binding, (iv) is intended to comply with Section 409A of the Internal Revenue Code,
(v) contains our entire agreement relative to its subject matter and supersedes all severance or employment agreements or understandings in effect prior to its execution, including your employment agreement that was effective the 1st day of January, 2003, by and between Eye Care Centers of America, Inc., and you, and (vi) does not establish a durational
term of employment or alter the nature of the at-will relationship between the two parties 
  

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 You also agree that: (i) if a court of competent jurisdiction determines a portion of this Agreement
to be invalid or unenforceable, the remainder of this Agreement shall not be affected and shall be enforceable to the fullest extent permitted by law, (ii) ECCA Services may withhold taxes from payments made under the Agreement, and
(iii) you may not assign any rights or obligations you have under the Agreement. ECCA’s rights and duties under this Agreement shall be transferred to, and shall be binding upon, any corporation or other entity which succeeds to the rights
and obligations of ECCA by operation of law or otherwise. 
 If you agree to the terms and conditions of this Agreement, please countersign
below, retain a copy for your files, and return this original to me. 
  

	
	Sincerely,
	
	 /s/ David E. McComas

	ECCA Management Services, LTD
	ECCA Management, Inc, General Partner
	David E. McComas, CEO
	
	 October 25, 2006

	Date

  

	
	 /s/ George Gebhardt

	Executive

  

	
	 October 25, 2006

	Date

  

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 APPENDIX A 
 DEFINITIONS 
 “Affiliate” means any affiliate of the Company and includes subsidiaries,
partners and joint venture partners of the Company, and any company, joint venture partner or other entity at least 50% owned, directly or indirectly, by Highmark Inc. 
 “Cause” means: (i) the willful or gross neglect of your duties, including your refusal to follow written directives of the Chairman of Eye Care Centers of America, Inc., or his designee; (ii) your
conviction of a felony; (iii) willful or gross misconduct by you which materially injures ECCA, monetarily or otherwise; or (iv) your material breach of any obligation under this letter agreement. 
 “Company” or “ECCA” refers to ECCA Management Services, LTD, ECCA Management, Inc., and Eye Care Centers of America, Inc., and each
of them. For purposes of your covenants in the letter agreement, Affiliates of ECCA are included in the definition. 
 “Confidential
Information” means information of or about the Company or any of its affiliates that the Company (or affiliate) does not make available to the public in the normal course of its business, including information and knowledge pertaining to
products and services, ideas, plans, trade secrets, know-how, proprietary information, advertising, distribution and sales methods and systems, sales figures, customer and account lists, and the relationships between the Company, its affiliates, and
their accounts, clients and suppliers. 
 “Material Change” means the occurrence of any of the following events, which remains
uncorrected for ten (10) days after you have made written demand to the Chairman of Eye Care Centers of America, Inc., for correction: (i) any reduction in or failure to pay base salary; or (ii) any material reduction in the aggregate
employee benefits available to you, other than an amendment, modification or termination of an employee benefit that applies on a non-discriminatory basis to similarly situated employees. However, a Material Change does not occur due to a change in,
or diminution of, your job responsibilities or accountabilities. The demand for correction described above must be provided within sixty (60) days after you have knowledge of a Material Change. If demand for correction is timely provided, the
sixty (60) day period for resignation described in “Qualifying for Severance” above will not end prior to the end of the ten (10) day correction period. 
  

 5EXHIBIT 4.7

 Exhibit 4.7 
 CROSSHAIR EXPLORATION & MINING CORP. 
 (the “Company”) 
 AMENDED STOCK OPTION PLAN AS OF JANUARY 5, 2006 
 (as approved by shareholders on September 21, 2006) 
 ARTICLE 1 PURPOSE AND INTERPRETATION 
 1.1 PURPOSE 
 The purpose of the Plan shall be to attract, retain and
provide incentives to Consultants, Consultant Companies, Management Company Employees, directors, officers and employees of the Company and its Designated Affiliates and to advance the interests of the Company by facilitating equity participation in
the Company by such persons through the acquisition of Common Shares of the Company. 
 1.2 DEFINITIONS 
 In the Plan, the following capitalized words and terms shall have the following meanings: 
  

	 	(a)	“Act” means the Company Act (British Columbia) or its successor, as amended from time to time; 

  

	 	(b)	“Affiliate” shall have the meaning ascribed thereto in the Company Act (British Columbia); 

  

	 	(c)	“Associate” shall have the meaning ascribed thereto in the Securities Act (British Columbia); 

  

	 	(d)	“Board” shall mean the board of directors of the Company or any committee of directors appointed by the directors pursuant to Section 3.2 hereof;

  

	 	(e)	“Common Shares” means the common shares of the Company; 

  

	 	(f)	“Company” means International Lima Resources Corp. and any successor or continuing corporation thereof; 

  

	 	(g)	“Consultant” means an individual (including an individual whose services are contracted through a personal holding company) with whom the Company or a Subsidiary has a
written contract for substantial services; 

  

	 	(h)	“Consultant Company” means an issuer all of the voting securities of which are beneficially owned by one individual, where that individual is the service provider
contemplated by a contract for substantial services to be provided by the Consultant Company to the Company or any of its Designated Affiliates; 

  

	 	(i)	“Designated Affiliate” means the Affiliates and Subsidiaries of the Company designated by the Board for purposes of the Plan from time to time; 

	 	(j)	“Employment Contract” means any contract between the Company or any Designated Affiliate of the Company and any director, officer or employee of the Company or a
Designated Affiliate relating to, or entered into in connection with, the election, appointment or employment of such person or any other agreement to which the Company or its Designated Affiliate is a party with respect to the rights of such
Participant in respect of a change in control of the Company or the termination of the election, appointment, employment or engagement of such Participant; 

  

	 	(k)	“Exchange” means the TSX Venture Exchange; 

  

	 	(l)	“Expiry Date” means the date set by the Board under section 2.5(a) of the Plan, as the last date on which an Option may be exercised; 

  

	 	(m)	“Insider” shall have the meaning ascribed thereto in the Securities Act (British Columbia); 

  

	 	(n)	“Investor Relations Activities” means any activities, by or on behalf of an Issuer or Shareholder of the Issuer, that promote or reasonably cold be expected to promote the
purchase or sale of securities of the Issuer, but does not include: 

  

	 	(i)	the dissemination of information provided, or records prepared, in the ordinary course of business of the Issuer 

  

	 	(A)	to promote the sale of products or services of the Issuer, or 

  

	 	(B)	to raise public awareness of the Issuer 

 that cannot
reasonably be considered to promote the purchase or sale of securities of the Issuer 
  

	 	(ii)	activities or communications necessary to comply with the requirements of 

  

	 	(A)	applicable Securities Laws, 

  

	 	(B)	Exchange Requirements or the by-laws, rules or other regulatory instruments of any other self regulatory body or exchange having jurisdiction over the Issuer;

  

	 	(iii)	Communications by a publisher of, or writer for, a newspaper, magazine or business or financial publication, that is of general and regular paid circulation, distributed only to
subscribers to it for value or to purchasers of it, if 

  

	 	(A)	the communication is only through the newspaper, magazine or publication, and 

  

	 	(B)	the publisher or writer receives not commission or other consideration other than for acting in the capacity of publisher or writer; or 

  

	 	(iv)	activities or communications that may be otherwise specified by the Exchange. 

  

	 	(o)	“Issuer” shall have the meaning ascribed thereto in the Securities Act (British Columbia); 

  

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	 	(p)	“Issuer Bid” shall have the meaning ascribed thereto in the Securities Act (British Columbia); 

  

	 	(q)	“Management Company Employee” means an individual employed by a person providing management services to the Issuer, which are required for the ongoing successful operation
of the business enterprise of the Issuer, but excluding a Person engaged in investor relations activities; 

  

	 	(r)	“Option” means option to purchase Common Shares granted hereunder; 

  

	 	(s)	“Option Agreement” means an agreement, in the form attached hereto as Schedule “A”, whereby the Company grants to an Optionee an Option.

  

	 	(t)	“Option Shares” means the aggregate number of Common Shares which an Optionee may purchase under an Option. 

  

	 	(u)	“Optionee” shall mean a Participant to whom an Option has been granted pursuant to the Plan; 

  

	 	(v)	“Outstanding Issue” means on any date, the number of Common Shares of the Company issued and outstanding; 

  

	 	(w)	“Participant” means those Consultants, Consultant Companies, Management Company Employees, directors, officers, and employees of the Company and its Designated Affiliates
who shall be granted Options pursuant to the Plan as determined by the Board and as may be permitted under the Securities Act (British Columbia) from time to time; 

  

	 	(x)	“Person” means a Company or individual; 

  

	 	(y)	“Plan” means this Stock Option Plan, as it may be amended from time to time; 

  

	 	(z)	“Securities Act” means the Securities Act (British Columbia) or its successor, as amended from time to time; 

  

	 	(aa)	“Subsidiary” shall have the meaning ascribed thereto in the Securities Act; and 

  

	 	(bb)	“Take-over Bid” shall have the meaning ascribed thereto in the Securities Act. 

  

	 	(cc)	“Unissued Option Shares” means the number of Common Shares, at a particular time, which have been allotted for issuance upon the exercise of an Option but which have not
been issued, as adjusted from time to time in accordance with the provisions of section 3.6, such adjustments to be cumulative. 

  

	 	(dd)	“Vested” means that an Option has become exercisable in respect of a number of Option Shares by the Optionee pursuant to the terms of the Option Agreement.

  

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 ARTICLE 2 TERMS OF OPTIONS 
 2.1 THE PLAN 
 The Plan is hereby established pursuant to which Options to purchase Common Shares of the Company may
be granted to Consultants, Consultant Companies, Management Company Employees, Persons employed to provide Investor Relations Activities, directors, officers, and employees of the Company and its Designated Affiliates in accordance with the terms
and conditions set forth herein. 
 2.2 PARTICIPATION IN PLAN 
 The Board shall from time to time determine the Participants who may participate in the Plan and the number of Common Shares to be made subject to Options granted to Participants under the Plan. All such determinations shall be made in
accordance with the terms and conditions of the Plan, the Securities Act and the rules and policies of the Exchange, and the Board may take into consideration the present and potential contribution of each Participant to the success of the Company
and any other factors which the Board deems appropriate and relevant. The following restrictions on Option grants under the Plan apply: 
  

	 	(a)	an individual can receive grants of no more than 5% of the issued and outstanding share capital of the Company on a yearly basis, with the exception of a Consultant or a Consultant
Company who may not receive grants of more than 2% of the issued and outstanding share capital of the Company at the time of grant; 

  

	 	(b)	no more than an aggregate of 2% of the number of issued and outstanding shares in the capital of the Company may be reserved for issue upon exercise of option grants made to Persons
employed to conduct Investor Relations Activities at any one time; and 

  

	 	(c)	all Option grants are exercisable for a maximum of five years from the date of the grant. 

 2.3 MAXIMUM NUMBER OF COMMON SHARES 
 The number of Common Shares issuable pursuant to Options to purchase Common
Shares granted pursuant to the Plan shall not in the aggregate exceed 11,308,528 Common Shares, subject to any adjustments made pursuant to section 3.6. 
 2.4 PRICE 
 The exercise price per Common Share for Options granted pursuant to the Plan shall be determined by the Board at the time the
Option is granted, provided that such price shall not be less than the closing price of the Company’s Common Shares as traded on the Exchange on the last trading day immediately preceding the date of the grant of the Option less allowable
discounts as permitted by the Exchange of up to 25%, or such other price as may be required or permitted by the Exchange at the time that the Option is granted. In the event that the Common Shares are not listed on the Exchange at the time of the
grant, the Option exercise price shall not be less than the price allowed by any other stock exchange or regulatory authority having jurisdiction. 
  

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 2.5 TERMS OF OPTIONS 
  

	 	(a)	The term of each Option granted pursuant to the Plan shall be determined by the Board in its discretion at the time the Option is granted, provided however that in no event shall
any Option be exercisable following 5 years from the date of the grant of the Option. 

  

	 	(b)	Except as provided pursuant to Sections 2.8 and 2.9, no Option may be exercised unless the Participant is, at the time of such exercise, a bona fide Consultant or Consultant
Company, a Management Company Employee, Persons employed to provide Investor Relations Activities, or a director of or in the employ of the Company or any of its Designated Affiliates, as the case may be, and shall have been continuously such a bona
fide Consultant, Consultant Company, Management Company Employee, director, or so employed since the grant of the Option, as the case may be. Absence on leave with the approval of the Company or a Designated Affiliate shall not be considered an
interruption of employment for purposes of the Plan. 

  

	 	(c)	If there is a Take-over Bid or Issuer Bid made for all or a portion of the issued and outstanding Common Shares, the Board may, by resolution and subject to the prior approval of
the Exchange if the Company is listed on the Exchange at such time, permit all Options outstanding to become immediately exercisable (notwithstanding any condition or provision prescribed by the Board at the time of the grant of the Option) in order
to permit Common Shares issuable under such Options to be tendered to such Take-over Bid or Issuer Bid. 

 2.6 EXERCISE OF OPTION

  

	 	(a)	Subject to subparagraph (c), an Option may be exercised to purchase any number of Common Shares up to the number of Vested Unissued Option Shares at any time after the date of the
grant of the Option and up to 5:00 p.m. local time on the Expiry Date and shall not be exercisable thereafter. 

  

	 	(b)	The Option shall be exercisable by delivering to the Company a notice specifying the number of Common Shares in respect of which the Option is exercised together with payment in
full of the purchase price of the Common Shares which are the subject of the exercised Option. No Participant or his or her legal representatives or distributees will be, or will be deemed to be, a holder of any Common Shares with respect to which
the Participant was granted an Option under the Plan, unless and until certificates for such Common Shares are issued in accordance with the terms of the Plan. 

  

	 	(c)	Option Shares are subject to the minimum vesting requirements as set out in the Option Agreement attached as Schedule A to this Plan. 

  

	 	(d)	Option Shares will be subject to a four month hold period commencing on the date of the grant of the Option. 

 2.7 LAPSED OPTIONS 
 In the event that Options granted under the Plan
are cancelled or surrendered (other than for compensation), terminate or expire without being exercised in whole or in part in accordance with the 

  

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terms of the Plan, new Options may be granted in respect of the number of Common Shares not purchased under such lapsed options. 
 2.8 TERMINATION OF EMPLOYMENT 
 If a Participant shall: 
  

	 	(a)	cease to be a director of the Company and any of its Designated Affiliates (and is not or does not continue to be an employee thereof); 

  

	 	(b)	cease to be employed by the Company or any of its Designated Affiliates (and is not or does not continue to be a director thereof) for any reason (other than by reason of the death
of the Participant) or shall receive notice from the Company or any of its Designated Affiliates of the termination of the Participant’s employment; 

  

	 	(c)	cease to be a Consultant or Consultant Company (and is not or does not continue to be an employee or director of the Company or any of its Designated Affiliates);

  

	 	(d)	cease to be a Management Company Employee; or 

  

	 	(e)	cease to be a Person employed to provide Investor Relations Activities. 

 (collectively, “Termination”) the Participant shall have such rights to exercise any fully Vested Option not exercised prior to such Termination within a period of 30 calendar days after the date of Termination. 
 2.9 DEATH OF PARTICIPANT 
 In the event of the death of a Participant
who is a director of the Company or any of its Designated Affiliates or who is an employee having been continuously in the employ of the Company or any of its Designated Affiliates for one year from and after the date of the granting of such
Participant’s Option, or the death of an individual who is the shareholder of a Participant which is a Consultant Company where that individual has provided services to the Company or any of its Designated Affiliates (through the Participant
Consultant Company) for one year from and after the date of the granting of the Consultant Company’s Option, the Option theretofore granted to such Participant shall only be exercisable until the earlier of the expiry of the 365 day period next
succeeding such death and the Expiry Date, and then only: 
  

	 	(a)	by the person or persons to whom the Participant’s rights under the Option shall pass by the Participant’s or the Participant’s shareholder’s will or the laws of
descent and distribution; and 

  

	 	(b)	to the extent that the Participant was entitled to exercise the option at the date of his or her death. 

 2.10 TRANSFERABILITY AND ASSIGNABILITY 
 The benefits, rights and Options accruing to any Participant in accordance
with the terms and conditions of the Plan shall not be transferable or assignable by a Participant or exercisable by any person other than the Participant except as specifically provided herein. 
  

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 2.11 NECESSARY APPROVALS 
 The obligation of the Company to issue and deliver any Common Shares in accordance with the Plan shall be subject to any necessary approval of the regulatory authority having jurisdiction over the securities of the Company. If any Common
Shares cannot be issued to any Participant for whatever reason, the obligation of the Company to issue such Common Shares shall terminate and any option exercise price paid to the Company shall be returned to the Participant. 
 ARTICLE 3 GENERAL 
 3.1 ADMINISTRATION OF THE PLAN

 The Plan shall be administered by the Board and the Board shall have full authority to administer the Plan including the authority to interpret and
construe any provision of the Plan and to adopt, amend and rescind such rules and regulations for administering the Plan as the Board may deem necessary in order to comply with the requirements of the Plan. All actions taken and all interpretations
and determinations made by the Board in good faith shall be final and conclusive and shall be binding on the Participants and the Company. No member of the Board shall be personally liable for any action taken or determination or interpretation made
in good faith in connection with the Plan and all members of the Board shall, in addition to their rights as directors, be fully protected, indemnified and held harmless by the Company with respect to any such action taken or determination or
interpretation made. The appropriate officers of the Company are hereby authorized and empowered to do all things and execute and deliver all instruments, undertakings and applications and writings as they, in their absolute discretion, consider
necessary for the implementation of the Plan and of the rules and regulations established for administering the Plan. All costs incurred in connection with the Plan shall be for the account of the Company. 
 3.2 DELEGATION TO COMMITTEE 
 All of the powers exercisable hereunder,
otherwise than pursuant to Section 3.3 hereof, may, to the extent permitted by applicable law and authorized by resolution of the Board be exercised by a committee of the Board consisting of not less than three directors, including any
executive committee or compensation committee of the Board. 
 3.3 RECORD KEEPING 
 The Company shall maintain a register in which shall be recorded: 
  

	 	(a)	the name and address of each Participant; 

  

	 	(b)	the number of Options granted to each Participant; and 

  

	 	(c)	the aggregate number of Common Shares subject to Options granted under the Plan. 

 3.4 EMPLOYMENT 
 Nothing contained in the Plan shall confer upon any Participant any right with respect to employment or continuance of
employment with the Company or any Affiliate, or interfere in any way with the right of 

  

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the Company or any Affiliate to terminate the Participant’s employment at any time. Participation in the Plan by a Participant shall be voluntary.

 3.5 AMENDMENT OF THE PLAN 
 The Board shall have the
power to, at any time and from time to time, either prospectively or retrospectively, amend, suspend or terminate the Plan or any Option granted under the Plan, including, without limiting the generality of the foregoing, changes of a clerical or
grammatical nature, changes regarding the Participants who may participate in the Plan, changes to the exercise price of Options, changes to the term of Options, changes regarding the right to exercise Options after Termination and changes regarding
the vesting of Options; provided however that: 
  

	 	(a)	such amendment, suspension or termination is in accordance with applicable laws and the rules of any stock exchange on which the Common Shares are listed; 

 

	 	(b)	the Board shall obtain shareholder approval of the following: 

  

	 	(i)	any amendment to the maximum number of Common Shares specified in Section 2.3 in respect of which Options may be granted under the Plan (other than pursuant to
Section 3.6); 

  

	 	(ii)	any amendment that would reduce the exercise price of an outstanding Option of an Insider (other than pursuant to Section 3.6); and 

  

	 	(iii)	any amendment that would extend the term of any Option granted under the Plan to an Insider beyond the Expiry Date 

 3.6 ADJUSTMENT IN SHARES SUBJECT TO THE PLAN 
 In the event there is
any change in the number of issued Common Shares of the Company through the declaration of stock dividends or subdivisions, consolidations or exchanges of Common Shares, or otherwise, the number of Common Shares available under the Plan, the number
of Common Shares subject to Options granted under the Plan, and the exercise price thereof shall be adjusted appropriately by the Board, with the prior approval of and any stock exchange or regulatory body having jurisdiction over the securities of
the Company, and such adjustment shall be effective and binding for all purposes of the Plan. 
 3.7 AMALGAMATION, CONSOLIDATION OR MERGER 

If the Company amalgamates, consolidates with or merges, with or into another corporation, any Common Shares receivable on the exercise of an Option granted under the
Plan shall be converted into the securities, property or cash which the Participant would have received upon such amalgamation, consolidation or merger had the Option been exercised prior to such event. 
 3.8 SECURITIES EXCHANGE TAKE-OVER BID 
 In the event that the Company
becomes the subject of a Take-Over Bid pursuant to which 100% of the issued and outstanding Common Shares are acquired by the offeror either directly or as a result of the compulsory acquisition provisions of the governing statute of incorporation,
and where consideration is 
  

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 paid in whole or in part in equity securities of the offeror, the Board may, subject to the prior approval of the
Exchange if the Company is listed on the Exchange at such time, send notice to all Optionees requiring them to surrender their Options within 10 days of the mailing of such notice, and the Optionees shall be deemed to have surrendered such Options
on the tenth day after the mailing of such notice without further formality, provided that: 
  

	 	(a)	the offeror delivers with such notice an irrevocable and unconditional offer to grant replacement options to the Optionees to purchase the equity securities offered pursuant to such
take-over bid; 

  

	 	(b)	the Board shall have determined, in good faith, that such replacement options have substantially the same economic value as the Options being surrendered; and

  

	 	(c)	the surrender of Options and the granting of replacement options can be effected on a tax free roll-over basis under the Income Tax Act (Canada). 

 3.9 NO REPRESENTATION OR WARRANTY 
 The Company makes no
representation or warranty as to the future market value of any Common Shares issued in accordance with the provisions of the Plan. 
 3.10 INTERPRETATION

 The Plan shall be governed and construed in accordance with the laws of the Province of British Columbia. 
  

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 SCHEDULE “A” 
 CROSSHAIR EXPLORATION & MINING CORP. 
 (FORMERLY INTERNATIONAL LIMA
RESOURCES CORP.) 
 STOCK OPTION PLAN 
 FORM OF OPTION AGREEMENT 
 THE SECURITIES REPRESENTED BY THIS AGREEMENT AND ANY SHARES OR OTHER
SECURITIES ISSUED UPON EXERCISE OF SUCH SECURITIES ARE SUBJECT TO A HOLD PERIOD AND WILL BE LEGENDED AS FOLLOWS: 
 “WITHOUT PRIOR
WRITTEN APPROVAL OF THE TSX VENTURE EXCHANGE AND COMPLIANCE WITH ALL APPLICABLE SECURITIES LEGISLATION, THE SECURITIES REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE TRADED ON OR THROUGH THE FACILITIES OF THE
TSX VENTURE EXCHANGE OR OTHERWISE IN CANADA OR TO OR FOR THE BENEFIT OF A CANADIAN RESIDENT UNTIL [FOUR MONTHS AND ONE DAY AFTER THE DATE OF GRANT]” 
 CROSSHAIR EXPLORATION & MINING CORP. 
 OPTION AGREEMENT 
 This Option Agreement is entered into between Crosshair Exploration & Mining Corp. (the “Company”) and the Optionee named below
pursuant to the Stock Option Plan (the “Plan”), a copy of which is attached hereto, and confirms that: 
  

	1.	on [DATE OF GRANT] (the “Grant Date”); 

  

	2.	[NAME OF OPTIONEE], of [ADDRESS OF OPTIONEE] (the “Optionee”); 

  

	3.	was granted the option (the “Option”) to purchase [NUMBER] Common Shares (the “Option Shares”) of the Company; 

  

	4.	for the price (the “Option Price”) of $[EXERCISE PRICE] per share; 

  

	5.	terminating on the [DATE] (the “Expiry Date”); 

  

	6.	Option Shares may be exercised from time to time prior to the Expiry Date as follows: 

  

	 	(a)	at any time after the date which is six months from the Grant Date of the Option, the Optionee may purchase up to 25% of the total number of Option Shares; 

 

	 	(b)	at any time after the date which is one year from the Grant Date of the Option, the Optionee may purchase up to a further 25% of the total number of Option Shares;

	 	(c)	at any time after the date which is 18 months from the Grant Date of the Option, the Optionee may purchase up to a further 25% of the total number of Option Shares; and

  

	 	(d)	at any time after the date which is two years from the Grant Date of the Option, the Optionee may purchase up to a further 25% of the total number of Option Shares plus any Common
Shares not purchased in accordance with subparagraphs 6(a), (b) and (c) hereof, 

  

	7.	notwithstanding the provisions of paragraph 6, the Option shall not be exercisable until such time as the Plan has been approved by the Company’s shareholders;

 all on the terms and subject to the conditions as set out in the Plan. For greater certainty, once Option Shares have become Vested, they
continue to be exercisable until the termination or cancellation thereof as provided in this Option Agreement and the Plan. 
 By signing
this Option Agreement, the Optionee acknowledges that the Optionee has read and understands the Plan and agrees to the terms and conditions of the Plan and this Option Agreement. 
 IN WITNESS WHEREOF the parties hereto have executed this Option Agreement as of the      day of
                    , 200  . 
  

					
	SIGNED, SEALED AND DELIVERED by [NAME OF OPTIONEE] in the presence of:	  	 )
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	Name of Witness	  	 	  

	  
	  	 	[NAME OF OPTIONEE]
	Address	  	 	
	  
	  	 	
	Occupation	  	 	
		  	 	
	THE COMMON SEAL OF CROSSHAIR EXPLORATION & MINING CORP. was affixed in the presence of:	  	 	
	  
	  	 	
	Authorized Signatory	  	 	C/S
	  
	  	 	
	Authorized Signatory	  	 	

  

 - 2 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00112-of-00352.parquet"}]]