Document:

Exhibit 10.1

                             PYR ENERGY CORPORATION

                            2006 STOCK INCENTIVE PLAN

     This 2006 Stock Incentive Plan (the "Plan") is adopted in consideration for
services rendered and to be rendered to PYR Energy Corporation and Related
Companies.

     1. Definitions.

     The terms used in this Plan shall, unless otherwise indicated or required
by the particular context, have the following meanings:

     Agreement: The written agreement (and any amendment or supplement thereto)
between the Company and an Eligible Person designating the terms and conditions
of an Award.

     Award: Any Option, Restricted Stock or Restricted Stock Unit, together with
any other right or interest granted to a Participant pursuant to this Plan.

     Board: The Board of Directors of PYR Energy Corporation.

     Change in Control: (i) The acquisition, directly or indirectly, by any
person or group (within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934) of the beneficial ownership of more than fifty percent of
the outstanding securities of the Company, (ii) a merger or consolidation in
which the Company is not the surviving entity, except for a transaction the
principal purpose of which is to change the state in which the Company is
incorporated, (iii) the sale, transfer or other disposition of all or
substantially all of the assets of the Company, (iv) a complete liquidation or
dissolution of the Company, or (v) any reverse merger in which the Company is
the surviving entity but in which securities possessing more than fifty percent
of the total combined voting power of the Company's outstanding securities are
transferred to a person or persons different from the persons holding those
securities immediately prior to such merger.

     Code: The Internal Revenue Code of 1986, as amended, from time to time,
including regulations thereunder and successor provisions and regulations
thereto.

     Common Stock: The Common Stock of PYR Energy Corporation.

     Company: PYR Energy Corporation, a corporation incorporated under the laws
of Maryland, and any successors in interest by merger, operation of law,
assignment or purchase of all or substantially all of the property, assets or
business of the Company.

     Compensation Committee: The Plan shall be administered by the Compensation
Committee which shall consist of the Board or a committee of the Board as the
Board may from time to time designate; .provided, however, that, unless
otherwise determined by the Board, the Compensation Committee shall consist
solely of two or more directors, each of whom shall be (i) a "nonemployee
director" within the meaning of Rule 16b-3; and (ii) and an "outside director"
as defined under Section 162(m) of the Code, unless administration of this Plan
by an "outside director" has not been required in order to qualify for tax
deductibility under Section 162(m) of the Code.

<PAGE>

     Continuous Status: The employment by, or relationship with, the Company or
any Related Company is not interrupted or terminated. The Board, at its sole
discretion, may determine whether Continuous Status shall be considered
interrupted due to personal or other mitigating circumstances, including leaves
of absence.

     Date of Grant: The date on which an Option is granted under the Plan.

     Eligible Person: Officers and Employees and other persons who provide
services to the Company or any Related Company, including directors of the
Company or any Related Company.

     Employee: An Employee is an employee of the Company or any Related Company.

     Exchange Act: The Securities Exchange Act of 1934, as amended from time to
time, including rules thereunder and successor provisions and rules thereto.

     Exercise Price: The price per share of Common Stock payable upon exercise
of an Option.

     Fair Market Value: The Fair Market Value of the Option Shares. Such Fair
Market Value shall be determined, in good faith, by the Compensation Committee
after such consultation with outside legal, accounting and other experts as the
Compensation Committee may deem advisable.

     Incentive Stock Options ("ISOs"): An Option granted with the intention that
it qualify as an incentive stock option within the meaning of Section 422 of the
Code or any successor provision thereto.

     Non-Incentive Stock Options ("Non-ISOs"): Options which are not intended to
qualify as "Incentive Stock Options" under Section 422 of the Code or any
successor provision thereto.

     Option: The rights granted to an Eligible Person to purchase Common Stock
pursuant to the terms and conditions of an Agreement.

     Option Shares: The shares of Common Stock underlying an Option granted to
an Eligible Person.

     Optionee: An Eligible Person who has been granted an Option.

     Participant: A person who has been granted an Option, Restricted Stock or a
Restricted Stock Unit which remains outstanding, including a person who is no
longer an Eligible Person.

     Related Company: Any subsidiary of the Company and any other business
venture in which the Company has a significant interest as determined in the
discretion of the Compensation Committee.

     Restricted Stock: An Award of shares of Common Stock granted to a
Participant pursuant to Section 15, subject to any restrictions and conditions
as are established pursuant to such Section 15.

     Restricted Stock Unit: A right, granted to a Participant pursuant to
Section 15, to receive Common Stock, cash or a combination thereof at the end of
a specified deferral period.

     Rule 16b-3: Rule 16b-3, promulgated by the SEC under Section 16 of the
Exchange Act, as from time to time in effect and applicable to this Plan.

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<PAGE>

     Securities Act: The Securities Act of 1933, as amended from time to time,
including rules thereunder and successor provisions and rules thereto.

     2. Purpose and Scope.

     (a) The purpose of this Plan is to advance the interests of the Company and
its stockholders by affording Eligible Persons an opportunity for investment in
the Company and the incentive advantages inherent in stock ownership in this
Company.

     (b) This Plan authorizes the Compensation Committee to grant Options to
purchase shares of Common Stock to Eligible Persons selected by the Compensation
Committee while considering criteria such as employment position or other
relationship with the Company, duties and responsibilities, ability,
productivity, length of service or association, morale, interest in the Company,
recommendations by supervisors, and other matters.

     3. Administration of the Plan. The Plan shall be administered by the
Compensation Committee. The Compensation Committee shall have the authority
granted to it under this section and under each other section of the Plan. The
Compensation Committee shall have the authority, in its sole discretion, to
determine the type or types of Awards to be granted pursuant to the Plan. Such
Awards may be granted either alone, in addition to, or in tandem with, any other
type of Award.

     In accordance with and subject to the provisions of the Plan and Rule
16b-3, the Compensation Committee shall select the Eligible Persons to receive
Awards, shall determine (i) the number of shares of Common Stock, Restricted
Stock or Restricted Stock Units to be subject to each Award, (ii) the time at
which each Award is to be granted, (iii) the extent to which the transferability
of shares of Common Stock issued or transferred pursuant to any Award is
restricted, (iv) the Fair Market Value of the Common Stock, (v) whether to
accelerate the time of exercisability of any Award that has been granted, (vi)
the period or periods and extent of exercisability of the Options, and (vii) the
manner in which an Option becomes exercisable. In addition, the Compensation
Committee shall fix such other terms of each Option, Restricted Stock Award and
Restricted Stock Units as the Compensation Committee may deem necessary or
desirable. The Compensation Committee shall determine the form, terms and
provisions of each Agreement to evidence each Award (which need not be
identical).

     The Compensation Committee from time to time may adopt such rules and
regulations for carrying out the purposes of the Plan as it may deem proper and
in the best interests of the Company. The Compensation Committee shall keep
minutes of its meetings and those minutes shall be available to every member of
the Board.

     All actions taken and all interpretations and determinations made by the
Compensation Committee in good faith (including determinations of Fair Market
Value) shall be final and binding upon all Participants, the Company and all
other interested persons. No member of the Compensation Committee shall be
personally liable for any action, determination or interpretation made in good
faith with respect to the Plan, and all members of the Compensation Committee
shall, in addition to rights they may have if Directors of the Company, be fully
protected by the Company with respect to any such action, determination or
interpretation.

     4. The Common Stock. The Board is authorized to appropriate, issue and sell
for the purposes of the Plan, and the Compensation Committee is authorized to
grant Options, Restricted Stock and Restricted Stock Units with respect to, a
total number, not in excess of 4,000,000 shares of Common Stock, either treasury
or authorized but unissued, as adjusted pursuant to Section 16. All or any

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<PAGE>

unsold shares subject to an Option, Restricted Stock or Restricted Stock Units
that for any reason expires or otherwise terminates may again be made subject to
Options, Restricted Stock or Restricted Stock Units under the Plan. No Eligible
Person may be granted Options, Restricted Stock and Restricted Stock Units under
this Plan covering in excess of an aggregate of 350,000 Option Shares and shares
of Restricted Stock and Restricted Stock Units in any calendar year, subject to
adjustments pursuant to Section 16.

     5. Eligibility. Options which are intended to qualify as ISOs will be
granted only to Employees. Eligible Persons may hold more than one Option under
the Plan and may hold Options under the Plan and options granted pursuant to
other plans or otherwise, and may hold Restricted Stock and Restricted Stock
Units under the Plan.

     6. Option Price. The Exercise Price for the Option Shares shall be
established by the Compensation Committee or shall be determined by a method
established by the Compensation Committee; provided that the Exercise Price to
be paid by Optionees for the Option Shares that are intended to qualify as ISOs,
shall not be less than 100 percent of the Fair Market Value of the Option Shares
on the Date of Grant (or, in the case of an individual who owns stock possessing
more than 10 percent of the total combined voting power of all classes of stock
of the Company, 110 percent of the Fair Market Value of the Option Shares on the
Date of Grant).

     7. Duration and Exercise of Options.

     (a) The option period shall commence on the Date of Grant and shall be as
set by the Compensation Committee, but not to exceed 10 years in length.

     (b) The Compensation Committee may determine whether any Option shall be
exercisable in installments only; if the Compensation Committee determines that
an Option shall be exercisable in installments, it shall determine the number of
installments and the percentage of the Option exercisable at each installment
date. All such installments shall be cumulative.

     (c) The Compensation Committee shall establish and set forth in each
Agreement that evidences an Option whether the Option shall continue to be
exercisable, and the terms and conditions of such exercise, after a termination
of Continuous Status, any of which provisions may be waived or modified by the
Compensation Committee at any time, provided that any such waiver or
modification shall satisfy the requirements for exemption under Section 409A of
the Code.

     (d) Each Option shall be exercised in whole or in part by delivering to the
Company or a brokerage firm designated or approved by the Company of written
notice of the number of shares with respect to which the Option is to be
exercised and by paying in full the Exercise Price for the Option Shares
purchased as set forth in Section 8; provided, that an Option may not be
exercised in part unless the Exercise Price for the Option Shares purchased is
at least $1,000.

     (e) No Option may be exercised until the Plan is approved by the
shareholders of the Company as provided in Section 17 below.

     8. Payment for Option Shares. If the Exercise Price of the Option Shares
purchased by any Optionee at one time exceeds $5,000, the Compensation Committee
may permit all or part of the Exercise Price for the Option Shares to be paid by
delivery to the Company for cancellation shares of the Company's Common Stock
previously owned by the Optionee with a Fair Market Value as of the date of

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payment equal to the portion of the Exercise Price for the Option Shares that
the Optionee does not pay in cash. In the case of all other Option exercises,
the Exercise Price shall be paid in cash or check upon exercise of the Option,
except that the Compensation Committee may permit an Optionee to elect to pay
the Exercise Price upon the exercise of an Option by authorizing a third party
to sell some or all of the Option Shares acquired upon exercise of an Option and
remit to the Company a sufficient portion of the sale proceeds to pay the entire
Exercise Price and any tax withholding resulting from such exercise.

     9. Relationship to Employment or Position. Nothing contained in the Plan,
or in any Option, Restricted Stock Award or Restricted Stock Units granted
pursuant to the Plan, shall confer upon any Participant any right with respect
to continuance of employment by, or other relationship with, the Company, or
interfere in any way with the right of the Company to terminate the
Participant's employment as an Employee or other position or relationship, at
any time.

     10. Nontransferability of Option. Except as otherwise provided by the
Compensation Committee, no Option granted under the Plan shall be transferable
by the Optionee, either voluntarily or involuntarily, except by will or the laws
of descent and distribution.

     11. Rights as a Stockholder. No person shall have any rights as a
shareholder with respect to any share covered by an Option until that person
shall become the holder of record of such share and, except as provided in
Section 16, no adjustments shall be made for dividends or other distributions or
other rights as to which there is an earlier record date.

     12. Securities Laws Requirements. No Option Shares shall be issued unless
and until, in the opinion of the Company, any applicable registration
requirements of the Securities Act of 1933, as amended, any applicable listing
requirements of any securities exchange on which stock of the same class is then
listed, and any other requirements of law or of any regulatory bodies having
jurisdiction over such issuance and delivery, have been fully complied with.
Each Option and each Option Share certificate may be imprinted with legends
reflecting federal and state securities laws, restrictions and conditions, and
the Company may comply therewith and issue "stop transfer" instructions to its
transfer agent and registrar in good faith without liability.

     13. Disposition of Shares. Each Optionee, as a condition of exercise, shall
represent, warrant and agree, in a form of written certificate approved by the
Company, as follows: (a) that all Option Shares are being acquired solely for
his own account and not on behalf of any other person or entity; and (b) that no
Option Shares will be sold or otherwise distributed in violation of the
Securities Act of 1933, as amended, or any other applicable federal or state
securities laws.

     14. Incentive Stock Options. To the extent that the aggregate Fair Market
Value of Common Stock with respect to which ISO's are exercisable for the first
time by a Participant during any calendar year exceeds $100,000 or, if
different, the maximum limitation in effect at the Date of Grant under the Code
(the Fair Market Value being determined as of the Date of Grant for the Option),
such portion in excess of $100,000 shall be treated as Non-ISO's.

     15. Restricted Stock and Restricted Stock Units.

     (a) Restricted Stock. The Compensation Committee is authorized to grant
Restricted Stock to Participants on the following terms and conditions:

          i. Grant and Restrictions. Restricted Stock shall be subject to such
     restrictions on transferability, risk of forfeiture and other restrictions,
     if any, as the Compensation Committee may impose, which restrictions may

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<PAGE>

     lapse separately or in combination at such times, under such circumstances
     (including based on achievement of performance goals and/or future service
     requirements), in such installments or otherwise, as the Compensation
     Committee may determine at the date of grant or thereafter. During the
     restricted period applicable to the Restricted Stock, the Restricted Stock
     may not be sold, transferred, pledged, hypothecated, margined or otherwise
     encumbered by the Participant.

          ii. Certificates for Stock. Restricted Stock granted under this Plan
     may be evidenced in such manner as the Compensation Committee shall
     determine. If certificates representing Restricted Stock are registered in
     the name of the Participant, the Compensation Committee may require that
     such certificates bear an appropriate legend referring to the terms,
     conditions and restrictions of the certificates, and that the Participant
     deliver a stock power to the Company, endorsed in blank, relating to the
     Restricted Stock.

          iii. Dividends and Splits. As a condition to the grant of an Award of
     Restricted Stock, the Compensation Committee may require or permit a
     Participant to elect that any cash dividends paid on a share of Restricted
     Stock be automatically reinvested in additional shares of Restricted Stock
     or applied to the purchase of additional Awards under this Plan. Unless
     otherwise determined by the Compensation Committee, stock distributed in
     connection with a stock split or stock dividend, and other property
     distributed as a dividend, shall be subject to restrictions and a risk of
     forfeiture to the same extent as the Restricted Stock with respect to which
     such stock or other property has been distributed.

     (b) Restricted Stock Units. The Compensation Committee is authorized to
grant Restricted Stock Units to Participants, which are rights to receive Common
Stock at the end of a specified deferral period, subject to the following terms
and conditions:

          i. Award and Restrictions. Settlement of an Award of Restricted Stock
     Units shall occur upon expiration of the deferral period specified for such
     Restricted Stock Unit by the Compensation Committee (or, if permitted by
     the Compensation Committee, as elected by the Participant). In addition,
     Restricted Stock Units shall be subject to such restrictions (which may
     include a risk of forfeiture) as the Compensation Committee may impose, if
     any, which restrictions may lapse at the expiration of the deferral period
     or at earlier specified times (including based on achievement of
     performance goals and/or future service requirements), separately or in
     combination, in installments or otherwise, as the Compensation Committee
     may determine. Restricted Stock Units shall be satisfied by the delivery of
     cash or Common Stock in the amount equal to the Fair Market Value for the
     specified number of shares of Common Stock covered by the Restricted Stock
     Units, or a combination thereof, as determined by the Compensation
     Committee at the date of grant or thereafter.

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<PAGE>

          ii. Dividend Equivalents. Unless otherwise determined by the
     Compensation Committee at date of grant, Dividend Equivalents on the
     specified number of shares of Common Stock covered by an Award of
     Restricted Stock Units shall be either (a) paid with respect to such
     Restricted Stock Units on the dividend payment date in cash or in shares of
     unrestricted Common Stock having a Fair Market Value equal to the amount of
     such dividends, or (b) deferred with respect to such Restricted Stock Units
     and the amount or value thereof automatically deemed reinvested in
     additional Restricted Stock Units, other Awards or other investment
     vehicles, as the Compensation Committee shall determine or permit the
     Participant to elect.

     (c) Waiver of Restrictions. The Compensation Committee, in its sole
discretion, may waive the repurchase or forfeiture period and any other terms,
conditions, or restrictions on any Restricted Stock or Restricted Stock Units
under such circumstances and subject to such terms and conditions as the
Compensation Committee shall deem appropriate; provided, however, that the
Compensation Committee may not adjust performance goals for any Restricted Stock
or Restricted Stock Units intended to be exempt under Section 162(m) of the Code
for the year in which the Restricted Stock or Restricted Stock Unit is settled
in such a manner as would increase the amount of compensation otherwise payable
to a Participant.

     16. Change in Stock, Adjustments, Etc. In the event that each of the
outstanding shares of Common Stock (other than shares held by dissenting
shareholders which are not changed or exchanged) should be changed into, or
exchanged for, a different number or kind of shares of stock or other securities
of the Company, or, if further changes or exchanges of any stock or other
securities into which the Common Stock shall have been changed, or for which it
shall have been exchanged, shall be made (whether by reason of merger,
consolidation, reorganization, recapitalization, stock dividends,
reclassification, split-up, combination of shares or otherwise), then
appropriate adjustment shall be made by the Compensation Committee to the
aggregate number and kind of shares subject to this Plan, and the number and
kind of shares and the price per share subject to outstanding Options,
Restricted Stock and Restricted Stock Units as provided in the respective
Agreements in order to preserve, as nearly as practical, but not to increase,
the benefits to Participants.

     17. Effective Date of Plan; Termination Date of Plan. Subject to the
approval of the Plan by the affirmative vote of the holders of a majority of the
Company's securities entitled to vote and represented at a meeting duly held in
accordance with applicable law, the Plan shall be deemed effective April 21,
2006. The Plan shall terminate at midnight on April 20, 2016, except as to
Options previously granted and outstanding under the Plan at that time. No
Options, Restricted Stock and Restricted Stock Units shall be granted after the
date on which the Plan terminates. The Plan may be abandoned or terminated at
any earlier time by the Board, except with respect to any Options, Restricted
Stock and Restricted Stock Units then outstanding under the Plan.

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     18. Withholding Taxes. The Company, or any Related Company, may take such
steps as it may deem necessary or appropriate for the withholding of any taxes
which the Company, or any Related Company, is required by any law or regulation
or any governmental authority, whether federal, state or local, domestic or
foreign, to withhold in connection with any Award including, but not limited to,
the withholding of all or any portion of any payment or the withholding of
issuance of Option Shares or Restricted Stock.

     19. Change in Control.

     In the event of a Change in Control of the Company, (a) the Compensation
Committee, in its discretion, may, at any time an Award is granted, or at any
time thereafter, accelerate the time period relating to the exercise or
realization of any Options, Restricted Stock and Restated Stock Units, and (b)
with respect to Options, Restricted Stock and Restricted Stock Units, the
Compensation Committee in its sole discretion may, at any time an Award is
granted, or at any time thereafter, take one or more of the following actions,
which may vary among individual Participants: (i) provide for the purchase of an
Option, Restricted Stock and Restricted Stock Units for an amount of cash or
other property that could have been received upon the exercise of the Option,
Restricted Stock and Restricted Stock Unit had the Option been currently
exercisable, (ii) adjust the terms of the Awards in a manner determined by the
Compensation Committee to reflect the Change in Control, (iii) cause the Awards
to be assumed, or new rights substituted therefor, by another entity, through
the continuance of the Plan and the assumption of outstanding Options,
Restricted Stock and Restricted Stock Units, or the substitution for such
Options, Restricted Stock and Restricted Stock Units of comparable value
covering shares of a successor corporation, with appropriate adjustments as to
the number and kind of shares and exercise prices, in which event the Plan and
such Options, Restricted Stock and Restricted Stock Units, or the new options
and rights substituted therefor, shall continue in the manner and under the
terms so provided, (iv) accelerate the time at which Options then outstanding
may be exercised so that such Options may be exercised for a limited period of
time on or before a specified date fixed by the Compensation Committee, after
which specified date, all unexercised Options and all rights of Optionees
thereunder shall terminate, or (v) make such other provision as the Committee
may consider equitable.

     20. Amendment.

     (a) The Board may amend, alter or discontinue the Plan, but no amendment,
alteration or discontinuation shall be made which would impair the right of a
Participant under an outstanding Agreement. In addition, no such amendment shall
be made without the approval of the Company's shareholders to the extent such
approval is required by law or agreement.

     (b) The Committee may amend the terms of any Award theretofore granted,
prospectively or retroactively, but no such amendment shall impair the rights of
any Participant without the Participant's consent.

     (c) Subject to the above provisions, the Board shall have authority to
amend the Plan to take into account changes in law and tax and accounting rules
as well as other developments, and to grant Awards which qualify for beneficial
treatment under such rules without shareholder approval.

     21. Other Provisions.

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     (a) The use of a masculine gender in the Plan shall also include within its
meaning the feminine, and the singular may include the plural, and the plural
may include the singular, unless the context clearly indicates to the contrary.

     (b) Any expenses of administering the Plan shall be borne by the Company.

     (c) This Plan shall be construed to be in addition to any and all other
compensation plans or programs. Neither the adoption of the Plan by the Board
nor the submission of the Plan to the shareholders of the Company for approval
shall be construed as creating any limitations on the power or authority of the
Board to adopt such other additional incentive or other compensation
arrangements as the Board may deem necessary or desirable.

     (d) The validity, construction, interpretation, administration and effect
of the Plan and of its rules and regulations, and the rights of any and all
personnel having or claiming to have an interest therein or thereunder shall be
governed by and determined exclusively and solely in accordance with the laws of
the State of Maryland.

                                 * * * * * * * *

                                        9Filed by Automated Filing Services Inc. (604) 609-0244 - Sound Revolution Inc. - Exhibit 10.1

	Exhibit 10.1 
	 
	Sound Revolution Inc. 
	 
	2006
      NON-QUALIFIED STOCK OPTION PLAN 

SECTION 1 
INTRODUCTION 

1.1          
Establishment.          
Sound Revolution Inc. (the “Company”), a Delaware corporation, hereby
establishes the Sound Revolution Inc. 2006 Non-qualified Stock Option Plan (the
“Plan”) for employees, consultants, directors, and other persons associated with
the Company and any of the Company’s subsidiaries, whom the Board wishes to
incite Sound Revolution Inc., together with its affiliated corporations, as
defined in Section 2.1 hereafter, are referred to as the “Company”, except where
the context otherwise requires. 

1.2          
Purposes.           The
purposes of this Plan are to (i) attract and retain the best available personnel
for positions of responsibility within the Company (ii) provide incentives to
employees, officers, and management of the Company, (iii) provide Directors,
Consultants and Advisors of the Company with an opportunity to acquire a
proprietary interest in the Company to encourage their continued provision of
services to the Company, and to provide such persons with incentives and rewards
for superior performance more directly linked to the profitability of the
Company's business and increases in shareholder value, and (iv) generally to
promote the success of the Company's business and the interests of the Company
and all of its stockholders, through the grant of options to purchase shares of
the Company's Common Stock.

                
Incentive benefits granted hereunder may be non-qualified stock options.
The type of options granted shall be determined by the board or the Compensation
Committee and reflected in the terms of written agreements. 

SECTION 2 
DEFINITIONS 

2.1          
Definitions.           The
following terms will have the meanings set forth below: 

“Affiliated Corporation” means any corporation or other
entity (including, but not limited to, a partnership) that is affiliated with
the Company through stock ownership or otherwise, and includes subsidiaries of
the Company. 

“Board” means the Board of Directors of the
  Company.

“Code” means the Internal Revenue Code of the USA or the
Income Tax Act of Canada, as it may be amended form time to time, and as
appropriate to the context and as applies to the Eligible Participant.

“Effective Date” means the effective date of the Plan,
which will be upon approval of the shareholders of the Company. 

“Eligible Participants” means any employees
  (including, without limitation, all officers), directors, consultants and any
  other persons whom the Board wishes to incite to contribute to the fortunes
  of the Company and permitted by law or policy to receive options.

“Fair Value” means the value of a Share of Stock as
determined by the Stock Option Committee acting in good faith and in its sole
discretion in accordance with this Agreement. Notwithstanding the above, if the
Stock is actively traded in an established stock or quotation market, “Fair
Value” 

2

will mean the officially quoted closing price of the Stock on
such exchange (a “National Exchange”) on a particular date selected by the Stock
Option Committee in establishing the purchase price of Shares of the Option.

“Stock Option Committee” means the Compensation
Committee of the Company, unless the Board strikes a separate committee, and in
the absence of an empowered committee shall mean the Board. 

“Non-Statutory Option” means an Option granted under
this Plan in accordance with the requirements of the Code, as amended from time
to time. 

“Option” means a right to purchase Stock of the Company
granted under this Plan at a stated price for a specified period of time. 

“Option Price” means the price at which shares of Stock
subject to an Option may be purchased, determined in accordance with this
Agreement and as established by the Stock Option Committee and contracted by the
Option contract. 

“Option Holder” means an Eligible Participant designated
by the Stock Option Committee from time to time during the term of the Plan to
receive one or more Options under the Plan. 

“Plan Limit” shall have the meaning set forth in section
4.1. “Share” or “Shares” means a share or shares of Stock.
“Stock” means the common stock of the Company. 

2.2          
  Gender and Number. Except where otherwise indicated by the context, the
  masculine gender also will include the feminine gender, and the definition of
  any term herein in the singular also will include the plural.

SECTION 3 
PLAN ADMINISTRATION 

3.1          
Stock Option Committee. The Stock Option Committee will administer the
Plan. In accordance with the provisions of the Plan, the Stock Option Committee
will, in accordance with policies ordered by the Board but in the absence of
board direction in its sole discretion, select the Eligible Participants to whom
Options will be granted, the form of each Option, the amount of each Option, and
any other terms and conditions of each Option as the Stock Option Committee may
deem necessary and consistent with the terms of the Plan. The Stock Option
Committee will determine the form or forms of the agreements with Option
Holders. The agreements will evidence the particular provisions, terms,
conditions, rights and duties of the Company and the Option Holders with respect
to Options granted pursuant to the Plan, which provisions need not be identical
except as may be provided herein. The Stock Option Committee may from time to
time adopt such rules and regulations for carrying out the purposes of the Plan
as it may deem proper and in the best interests of the Company. The Stock Option
Committee may correct any defect, supply any omission or reconcile any
inconsistency in the Plan or in any agreement entered into hereunder in the
manner and to the extent it may deem expedient and it will be the sole and final
judge of such expediency. No member of the Stock Option Committee will be liable
for any action or determination made in good faith, and all members of the
Committee will, in addition to their rights as directors, be fully protected by
the Company with respect to any such action, determination or interpretation.
The determinations, interpretations and other actions of the Stock Option
Committee pursuant to the provisions of the Plan will be binding and conclusive
for all purposes and on all persons. 

3

SECTION 4 
STOCK SUBJECT TO THE PLAN AND EXCEPTIONS 

4.1          
Plan limit. A maximum of 15,000,000 Shares (“Plan Limit”) are
authorized for issuance under the Plan in accordance with the provisions of the
Plan. Shares that are issued upon the exercise of Options will be deducted from
the Plan Limit and such Plan Limit shall not be increased without approval of
the board or, if shareholders of the Company have so required, without approval
of the shareholders of the Company. While any Options are outstanding, the
Company will retain as authorized and unissued Stock at least the number of
Shares from time to time required under the provisions of the Plan or otherwise
assure itself of its ability to perform its obligations hereunder. 

4.2          
Unused and Forfeited Stock. Any Shares that are subject to an Option under
this Plan that are not used because the terms and conditions of the Option are
not met or any Shares that are used for full or partial payment of the purchase
price of Shares with respect to which an Option is exercised or any Shares
retained by the Company for any purpose of this Plan automatically will be
returned to the Plan Limit and become available for again for use under the
Plan. 

4.3          
Adjustments for Stock Split, Stock Dividend, Etc. If the Company at any time
increases or decreases the number of its outstanding Shares of Stock, or changes
in any way the rights and privileges of such Shares by means of the Payment of a
Stock dividend or any other distribution upon such Shares payable in Stock, or
through a stock split, subdivision, consolidation, combination, reclassification
or recapitalization involving the Stock, then, in relation to the Stock that is
affected by the above events, the provisions of this Section 4.3 will apply. In
such event, the numbers, rights and privileges of the following will be
increased, decreased or changed in like manner as if such shares had been issued
and outstanding, fully paid and non-assessable at the time of such event: 

(i)          
adjustment to the Shares of Stock as to which Options may be granted under
the Plan; and

(ii)          adjustment
to the exercise price of each outstanding Option granted hereunder. 

4.4          
General Adjustment Rules. If any adjustment or substitution provided for in
this Section 4 will result in the creation of a fractional Share under any
Option, the number of Shares subject to the Option will be rounded to the next
higher Share. 

4.5          
Determination by Stock Option Committee, Etc. Adjustments under this
Section 4 will be made by the Stock Option Committee, whose determinations with
regard thereto will be final and binding upon all parties. 

4.6          
Options Exceptional to Plan. With the concurrence of the board, the Stock
Option Committee may grant Options outside the Plan or within the Plan but in
excess of the Plan Limit, such that the available Plan Limit is not diminished,
for exceptional circumstances or to acquire or retain personnel or achieve
important goals or strategic targets considered important to the Company but
which cannot reasonably be fit into the Plan Limit or the Plan due to
insufficiency of available Plan Options, legal impediments whereby the recipient
cannot or is best not included in the Plan, or other purposes or reasons
considered appropriate to the board. 

4

SECTION 5
REORGANIZATION OR LIQUIDATION 

5.1          
Reorganization and Options. In the event that the Company is merged or
consolidated with another corporation (other than a merger or consolidation in
which the Company is the continuing corporation and that does not result in any
reclassification or change of outstanding Shares), or if all or substantially
all of the assets or control of the outstanding voting stock of the Company is
acquired by any other corporation, business entity or person (other than by a
sale or conveyance in which the Company continues as a holding company of an
entity or entities that conduct the business of businesses formerly conducted by
the Company), or in case of a reorganization (other than a reorganization under
the United States Bankruptcy Code) or liquidation of the Company, the Stock
Option Committee will have the power and discretion to prescribe the terms and
conditions for the exercise or modification of any outstanding Options granted
hereunder. By way of illustration, and not by way of limitation, the Stock
Option Committee may provide for the complete or partial acceleration of the
dates of exercise of the Options, or may provide that such Options will be
exchanged or converted into options to acquire securities of the surviving or
acquiring cooperation, or may provide for a payment or distribution in respect
of outstanding Options (or the portion thereof that currently is exercisable) in
cancellation thereof. The Stock Option Committee may provide that Options must
be exercised in connection with the closing of such transaction and that if not
so exercised such Options will expire. Any such determinations by the Stock
Option Committee may be made generally with respect to all Option Holders, or
may be made on a case-by-case base with respect to particular Option Holders.
The provisions of this Section 5 will not apply to any transaction undertaken
for the purpose of reincorporating the Company under the laws of another
jurisdiction, if such transaction does not materially affect the beneficial
ownership of the Company’s capital stock. Any determination by the Stock Option
Committee hereunder shall not amend the terms of any Option without the consent
of the Option Holder unless, in the opinion of the Committee acting reasonably,
such amendment is necessary to permit the alterations to the Company to be
effected and such is in the interest of shareholders generally. 

SECTION 6 
STOCK OPTIONS 

6.1          
Grant of Options. An Eligible Participant may be granted one or more
Options. Options granted under the Plan will be Non-Statutory Options. 

6.2          
Option Agreements. Each Option granted under the Plan will be evidenced by a
written stock option agreement that will be entered into by the Company and the
Eligible Participant to whom the Option is granted (the “Option Holder”), and
will be deemed to contain the following terms and conditions, unless other terms
and conditions inconsistent therewith have been entered into the Option
agreement. In the event of inconsistency between the provisions of the Plan and
any Option agreement entered into, the provisions of the Option agreement will
be considered to have been determined to be exceptional from the below and such
Option Agreement shall govern where not inconsistent with law. However, the
provisions of the Plan will govern where the agreement omits to provide for a
matter governed by the Plan and the agreement will not be incomplete nor
unenforceable if it fails to provide for a matter provided by the terms of this
Plan as such shall be incorporated by reference: 

(a) Number of Shares. Each Stock option agreement will
state that it covers a specified number of Shares, as determined by the Stock
Option Committee and the agreement. If the agreement fails to state the number
then it shall be the number set forth in the minutes of the Stock Option
Committee. 

(b) Price. The price at which each Share covered by an
Option may be purchased will be determined by the Stock Option Committee and set
forth in the Stock Option agreement. Where 

5

the price shall be omitted the price shall be the Fair Market
Value of the Stock on the date set forth at the beginning of the Option
agreement. 

(c) Vesting Period. Each Stock Option will state the
time and the amount of the Shares of the Option which vest, and are exercisable
thereafter, at specified times during the Option Period. Unless otherwise
provided in the Option agreement, Options will vest and be exercisable for types
of Option Holders as follows: 

(i)          
Directors and senior officers to Vice-President - 50% of the amount of
the Shares under Option upon granting and 50% twelve months thereafter; 

(ii)         
Employees Generally - 10% at the end of the later of any probation period
pursuant to which the Employee is continued or three months from the date of
engagement and 5% at the end of each calendar month thereafter; and 

(iii)         Other
Option Holders - 10% at the end of the first 30 days of engagement, 20%
upon completion of 50% of the term, where a particular term, or upon 50% of
project completion, where project contract specific, and the remainder upon, and
for a period of 30 days thereafter, the Company certifying substantial
satisfaction, acting reasonably, with contract and/or project completion.

(d) Duration of Options. Each Stock option agreement
will state the period of time within which the Option may be exercised by the
Option Holder (the “Option Period”). The Option Period shall expire not more
than five years from the date an Option is granted. Unless otherwise stated,
director and senior officer Options shall be the lesser of five years or the
term of their office plus 90 days, Employee Options the lesser of five years or
the term of their employment plus 30 days, and other Option Holders the lesser
of five years or the term of the engagement agreement plus 30 days. 

(e) Termination of Employment, Death, Disability Etc.
Except as otherwise determined by the Stock Option Committee, each Stock Option
agreement will provide as follows with respect to the exercise of the Option
upon termination of the employment or the death of the Option Holder: 

(i)          
Termination. If the Option Holder’s employment or office with the Company
is terminated within the Option Period for cause, as determined by the Company
in its sole discretion, or if the Option Holder resigns without appropriate or
agreed notice and agreed termination terms, the Option will be void for all
purposes immediately upon notice of termination or resignation, as the case may
be, unless otherwise agreed solely at the discretion of the Company. Unless
specified in an engagement agreement, “cause” means a material violation, as
determined by the Company, of the Company’s established policies and procedures
and the terms of engagement and a failure to rectify within 15 days of notice.
If the Option Holder is terminated for another reason, not provided for below or
in the engagement agreement or the Option agreement, then the Option shall be
exercisable, as to the vested portion only on the date of termination, for a
period of 30 days after termination, except as otherwise permitted by the sole
discretion of the Stock Option Committee but not to exceed the Option Period.
The effect of this Section will be limited to determining the consequences of a
termination and nothing in this Section will restrict or otherwise interfere
with the Company’s discretion with respect to the termination of any Employee.

(ii)          Death
or Disability. If the Option Holder’s employment with the Company is
terminated within the Option Period because of the Option Holder’s death or
disability the Option will remain exercisable, to the extent that it was vested
and exercisable on the date of the Option Holder’s death or disability, for a
period of six months after such date; provided, however, that in no event may
the Option be exercised after the expiration of the Option Period. 

6

(iii)        
Non-Employees or non-Office Holders. For all purposes under this Section, an
Eligible Participant who is not an Employee or office holder of the Company will
be considered to have a termination at the conclusion of the relevant contract
or upon notice by the Company of termination for default or breach of agreement.
If the contract is terminated for breach or default then the Option shall
terminate immediately. Otherwise the Option shall terminate in accordance with
its terms or section 6.2(d) above. 

(f) Transferability of Option. Each stock option
agreement will provide that the Option and exercise rights granted therein are
not transferable or subject to assignment or lien for security purposes by the
Option Holder except to the Option Holder’s legal representative, his estate, a
family corporation or personal holding corporation, a bona fide lender or in
such other circumstance as the Stock Option Committee may approve in its sole
discretion, which may be exercised contrary without reason. Each assignment of
an interest in an Option must be approved before such will be enforceable. 

(g) Exercise, Payments, Etc. Unless otherwise provided
by the Stock Option agreement the method for exercising the Option granted will
be by delivery to the office of the Company of written notice specifying the
particular Option (or portion thereof) that is being exercised and the number of
Shares with respect to which such Option is exercised, together with payment of
the Option Price. The exercise of the Option will be deemed effective upon
actual receipt of such notice and payment to the Company of the Option Price in
a form satisfactory to the Company, acting reasonably. The purchase of such
Stock will take place at the principal offices of the Company upon delivery of
such notice. A properly executed certificate or certificates representing the
Stock will be issued by the Company and delivered to the Option Holder with
reasonable dispatch. Unless restricted by the Option agreement, the exercise
price shall be paid by any of the following methods or any combination of the
following methods: 

(i) in cash; 

(ii) by cashier’s check, certified
cheque, or other acceptable banker’s note payable to the order of the Company;

(iii) by delivery to the Company of a
properly executed notice of exercise together with irrevocable instructions
(referred to in the industry as ‘delivery against payment’) to a broker to
deliver to the Company promptly the amount of the proceeds of the sale of all or
a portion of the Stock or of a loan from the broker to the Option Holder
necessary to pay the exercise price; or 

(iv) such other method as the Option
Holder and the Stock Option Committee may determine as adequate including
delivery of acceptable securities (including securities of the Company), set-off
for wages or invoices due, property, or other adequate value. 

In the discretion of the Stock Option Committee, the Company
may grant a loan or guarantee a third-party loan obtained by an Option Holder to
pay part or all of the Option Price of the Shares provided that such loan or the
Company’s guaranty is secured by the Shares. 

(h) Date of Grant. An Option will be considered as
having been granted on the date specified in the grant resolution of the Stock
Option Committee. 

6.3 Stockholder Privileges. Prior to the exercise of the
Option and the transfer of Shares to the Option Holder, an Option Holder will
have no rights as a stockholder with respect to any Shares subject to any Option
granted to such person under this Plan and, until the Option Holder becomes the
holder of the record of such Stock, no adjustments, other than those described
in Section 4, will be made for dividends or other distributions or other rights
to which there is a record date preceding the date such Option Holder becomes
the holder of record of such Stock. 

7

SECTION 7
RIGHTS OF EMPLOYEES AND OPTION HOLDERS 

7.1          
Employment. Nothing contained in the Plan or in any Option will confer upon
any Eligible Participant any right with respect to the continuation of
employment by the Company, or interfere in any way with the right of the
Company, subject to the terms of any separate employment agreement to the
contrary, at any time to terminate such employment or to increase or decrease
the compensation of such Eligible Participant form the rate in existence at the
time of the grant of an Option.

SECTION 8 
GENERAL RESTRICTIONS 

8.1          
Investment representations. The Company may require any person to whom an
Option is granted, as a condition of exercising such Option or receiving Stock
under the Option, to give written assurances, in substance and form satisfactory
to the Company and its counsel, to the effect that such person is acquiring the
Stock subject to the Option for his own account for investment and not with any
present intention of selling and to such other effects as the Company deems
necessary or appropriate in order to comply with federal and applicable state
and provincial securities laws. Legends evidencing such restrictions may be
placed on the certificates evidencing the Stock. 

8.2          
Compliance with Securities Laws. Each Option will be subject to the
requirement that if at any time counsel to the Company determines that the
listing, registration or qualification of the Shares subject to such Option upon
any securities exchange or under any state, provincial or federal law, or the
consent or approval of any governmental or regulatory body, is necessary as a
condition of, or in connection with, the issuance or purchase of Shares
thereunder, such Option may not be exercised in whole or in part unless such
listing, registration, qualification, consent or approval will have been
effected or obtained on conditions acceptable to the Stock Option Committee.
Nothing herein will be deemed to require the Company to apply for or to obtain
such listing, registration or qualification. However, where available to the
circumstances of an Option Holder the Company will include the Option with any
other filings that the Company elects, at its sole discretion, to file under S-8
or any other filings with the SEC but the Company shall not be obliged to make
an individual filing for a particular Option, unless such shall have been
required pursuant to the specific Option agreement. 

SECTION 9
OTHER EMPLOYEE BENEFITS 

9.1          
Benefits and Taxes. The amount of any compensation deemed to be received by
an Option Holder as a result of the exercise of an Option will not constitute
“earnings” with respect to which any other employee benefits of such Option
Holder are determined, including, without limitation, benefits under any
pension, profit sharing, life insurance or salary continuation plan. Any taxable
consequences of any Option are entirely the responsibility of the Option Holder
and no contribution shall be required of the Company and, further, if the
Company should suffer liability for unpaid taxes of an Option Holder then the
full amount of such shall be a debt of the Option Holder to the Company payable
immediately and for which the Company may seek judgment and, before judgment or
process, may set-off against any amounts due to the Option Holder or may
recover, again before judgment or process, by exercise of any Options of the
Option Holder on the Option Holder’s behalf, at the discretion of the Stock
Option Committee.

8

SECTION 10
PLAN AMENDMENT, MODIFICATION AND TERMINATION 

10.1          
Amendment. The Board may at any time terminate and, from time to time, may
amend or modify the Plan provided, however, that no amendment or modification
may become effective without approval of the amendment or modification by the
stockholders where stockholder approval is required to enable the Plan to
satisfy any applicable statutory requirements, or if the Company, on the advice
of counsel, determines that stockholder approval otherwise is necessary or
desirable. 

                   
No amendment, modification or termination of the Plan will in any manner
adversely affect any Options theretofore granted under the Plan, without the
consent of the Option Holders holding such Options. 

SECTION 11 
WITHHOLDING 

11.1          
Withholding Requirement. The Company’s obligations to deliver Shares upon
the exercise of an Option will be subject to the Option Holder’s satisfaction of
all applicable federal, state and local income and other tax withholding
requirements and applicable securities requirements. 

11.2          
  Withholding With Stock. At the time an Option is granted the Stock Option
  Committee, in its sole discretion, may permit the Option Holder to pay all such
  amounts of tax withholding, or any part thereof, that is due upon exercise of
  the Option by such adjustments as the Stock Option Committee determines, including
  adjustment to a net exercise price or adjustment to the Option Price.

SECTION 12
BROKERAGE ARRANGEMENTS 

12.1          
Brokerage. The Stock Option Committee, in its discretion, may enter into
arrangements with one or more banks, brokers or other financial institutions to
facilitate the disposition of shares acquired upon exercise of Stock Options,
including, without limitation, arrangements for the simultaneous exercise of
Stock Options and sale of the Shares acquired upon such exercise. 

SECTION 13
NONEXCLUSIVITY OF THE PLAN 

13.1          
Other Plans. The adoption of this Plan by the Board will not be construed as
creating any limitations on the power or authority of the Board to adopt such
other or additional incentive or other compensation arrangements of whatever
nature as the Board may deem necessary or desirable or preclude or limit the
continuation of any other plan, practice or arrangement for the payment of
compensation or fringe benefits to employees generally, or to any class or group
of employees, or any other persons that the Company or any Affiliated
Corporation now has lawfully put into effect, including, without limitation, any
retirement, pension, savings and stock purchase plan, insurance, death and
disability benefits and executive short-term incentive plans. 

9

SECTION 14 
REQUIREMENTS OF LAW 

14.1          
Requirements of Law. The insurance of Stock and the payment of cash pursuant
to the Plan will be subject to all applicable laws, rules and regulations. 

14.2          
Governing Law. The Plan and all agreements hereunder will be construed in
accordance with and governed by the laws of the State of Delaware. 

SECTION 15 
DURATION OF THE PLAN 

15.1          
Termination. The Plan will terminate at such time as may be determined by
the Board, and no Option will be granted after such termination. If not sooner
terminated under the preceding sentence, the Plan will fully cease and expire on
the earlier of one year from the date that the Plan Limit has been exhausted and
all Options exercised or expired or February 28, 2011. Options outstanding at
the time of the Plan termination may continue to be exercised in accordance with
their terms.

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