Document:

Stellar Resources Ltd.
                             ----------------------

               INCORPORATED UNDER THE LAWS OF THE STATE OF NEVADA
          200,000,000 SHARES COMMON STOCK AUTHORIZED, $0.001 PAR VALUE

                                                                 CUSIP 85856S
                                                               SEE REVERSE FOR
                                                             CERTAIN DEFINITIONS

This
Certifies
that

is the owner of

             FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK OF
                             Stellar Resoureces Ltd.
                             -----------------------

       transferable  on the books of the corporation in person or by duly
       authorized  attorney  upon surrender of this certificate  properly
       endorsed.  This certificate and the shares  represented hereby are
       subject to the laws of the State of Nevada, and to the Articles of
       Incorporation  and Bylaws of the Corporation,  as now or hereafter
       amended. This certificate is not valid unless countersigned by the
       Transfer Agent.
          WITNESS  the  facsimile  seal  of the  Corporation  and  the
          signature of its duly authorized officers.

DATED

                             STELLAR RESOURCES LTD.

                                 COPROPATE SEAL
        /s/                                      /s/
        -----------------------                  -----------------------
               PRESIDENT                                SECRETARY
                                     NEVADAOPTION AGREEMENT

THIS AGREEMENT is dated for reference the 28th day of June, 2002.
--------------

BETWEEN:
--------

                    DIAMANT RESOURCES LTD.
                    a British Columbia company with an address at
                    1066 West Hastings Street, #1880, Vancouver, B.C.

                    (the "Optionor")                         OF THE FIRST PART

AND:
----

                    VIPC.COM
                    --------
                    a Nevada corporation with its registered address at
                    3675 Pecos McLeod, Suite 1400, Las Vegas, Nevada.

                    ("VIPC")                                 OF SECOND PART

WHEREAS:
--------

A.   The Optionor is the owner of an undivided 100% right, title interest in and
to certain Mining Claims more particularly  described on (Schedule "A") attached
to this Agreement;

B.   VIPC  wishes to  acquire  the  option  to  acquire  a 50%  interest  in the
Optionor's property on the terms and subject to the conditions contained in this
Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and
--------------------------------------
the mutual covenants and agreements  hereinafter  contained,  the parties hereto
agree as follows:

1.     DEFINITIONS

1.1    In this  Agreement,  the following  terms will have the meaning set forth
below:

(A)    "Exploration and Development" means any and all activities  comprising or
undertaken in connection  with the  exploration and development of the Property,
the  construction  of a mine and mining  facilities  on or in  proximity  to the
Property and placing the Property into commercial production;

(B)    "Property" means and includes:

<PAGE>

(i)    the mining claims in the Fort St. John region of the listed in Schedule A
to this Agreement; and

(ii)   all rights and  appurtenances  pertaining  to the mining claims listed in
Schedule A, including all water and water rights,  rights of way, and easements,
both recorded and unrecorded, to which the Optionor is entitled;

(C)    "Property   Expenditures"  means  all  reasonable  and  necessary  monies
expended on or in connection  with  Exploration and Development as determined in
accordance with generally  accepted  accounting  principles  including,  without
limiting the generality of the foregoing:

(i)    the cost of entering  upon,  surveying,  prospecting  and drilling on the
Property;

(ii)   the  cost of any  geophysical,  geochemical  and  geological  reports  or
surveys relating to the Property;

(iii)  all filing and other fees and charges  necessary or advisable to keep the
Property in good standing with any regulatory authorities having jurisdiction;

(iv)   all rentals,  royalties,  taxes (exclusive of all income taxes and mining
taxes  based on  income  and  which are or may be  assessed  against  any of the
parties  hereto) and any  assessments  whatsoever,  whether the same  constitute
charges on the Property or arise as a result of the operation thereon;

(v)    the  cost,   including  rent  and  finance  charges,  of  all  buildings,
machinery, tools, appliances and equipment and related capital items that may be
erected, installed and used from time to time in connection with Exploration and
Development;

(vi)   the  cost  of   construction   and  maintenance  of  camps  required  for
Exploration and Development;

(vii)  the cost of transporting  persons,  supplies,  machinery and equipment in
connection with Exploration and Development;

(viii)  all wages and salaries of persons engaged in Exploration and Development
and any  assessments or levies made under the authority of any  regulatory  body
having  jurisdiction with respect to such persons or supplying food, lodging and
other reasonable needs for such persons;

(ix)   all costs of consulting and other engineering  services  including report
preparation;

(x)    the  cost  of  compliance  with  all  statutes,  orders  and  regulations
respecting environmental  reclamation,  restoration and other like work required
as a result of conducting Exploration and Development; and

(xi)   all costs of searching for,  digging,  working,  sampling,  transporting,
mining and procuring diamonds,  other minerals, ores, and metals from and out of
the Property;

                                        2
<PAGE>

2.1    The  Optionor  hereby  grants to VIPC the  exclusive  right and option to
acquire an undivided  50% right,  title and interest in and to the Property (the
"Option")  for total  consideration  consisting of cash payments to the Optionor
totalling Cdn.  $10,000.00 provided VIPC will pay for the incurrence of Property
Expenditures to be made as follows:

(A)    on the 30th day of June 2002 the  payment to the  Optionor  of the sum of
Cdn.$5,000.00;

(B)    on the 30th day of July 2003,  the payment to the  Optionor of the sum of
Cdn. $5,000.00;

(C)    by July, 25th 2002, the incurrence of Property Expenditures will be borne
by VIPC;

VIPC will  prepare  and  expend for a  geological  report on the  Property  (the
"Geological  Report"). If the Geological Report is acceptable to VIPC, then VIPC
will negotiate with the Optionor to purchase the Mineral Claims outright. If the
Geological  Report is not  acceptable  to VIPC,  then  VIPC will give  notice of
termination of this Agreement to the Optionor.

2.2    Upon making the cash payments and performing the Property Expenditures as
specified in Paragraph  2.1,  VIPC shall have  acquired an undivided  50% right,
title and interest in and to the Property.

2.3    This  Agreement  is an option only and the doing of any act or the making
of any payment by VIPC shall not  obligate  VIPC to do any further  acts or make
any further payments.

3.     TRANSFER OF TITLE

3.1    Upon execution of this  Agreement,  VIPC shall be entitled to record this
Agreement against title to the Property.

3.2    Upon making the cash payments and performing the Property Expenditures as
specified in Paragraph  2.1, the Optionor  shall deliver to VIPC a duly executed
bill of sale or quit claim deed and such other executed documents of transfer as
required, in the opinion of VIPC's lawyers, for the transfer of an undivided 50%
interest in the Property to VIPC.

4.     JOINT VENTURE

4.1    Upon VIPC  acquiring  an interest in the  Property  pursuant to paragraph
2.1,  the Optionor and VIPC agree to join and  participate  in a single  purpose
joint  venture (the "Joint  Venture")  for the purpose of further  exploring and
developing  and, if  economically  and politically  feasible,  constructing  and
operating a mine on the Property. The Joint Venture shall be a fair and amicable
agreement between the parties.

5.     RIGHT OF ENTRY

5.1    During the currency of this  Agreement,  VIPC,  its servants,  agents and
workmen and any persons duly authorised by VIPC,  shall have the right of access

                                        3
<PAGE>

to and from and to enter upon and take  possession of and prospect,  explore and
develop  the  Property in such  manner as VIPC in its sole  discretion  may deem
advisable for the purpose of incurring Property  Expenditures as contemplated by
Section 2, and shall have the right to remove and ship therefrom ores, minerals,
metals, or other products recovered in any manner therefrom.

6.     COVENANTS OF VIPC

6.1    VIPC covenants and agrees that:

(A)    during the term of this Agreement,  VIPC shall keep the Property clear of
all  liens,   encumbrances  and  other  charges  and  shall  keep  the  Optionor
indemnified in respect thereof;

(B)    VIPC  shall  carry  on all  operations  on  the  Property  in a good  and
workmanlike   manner  and  in  compliance   with  all  applicable   governmental
regulations  and  restrictions  including  but not limited to the posting of any
reclamation  bonds  as  may  be  required  by any  governmental  regulations  or
regulatory authorities;

(C)    during the term of the option herein,  VIPC shall pay or cause to be paid
any rates, taxes, duties, royalties,  workers' compensation or other assessments
or fees levied with respect to its  operations  thereon and in  particular  VIPC
shall pay the yearly claim maintenance payments necessary to maintain the claims
in good standing for the term of the option;

(D)    VIPC shall maintain books of account in respect of its  expenditures  and
operations on the Property and, upon  reasonable  notice,  shall make such books
available for inspection by representatives of the Optionor, if so requested;

(E)    VIPC  shall  allow any duly  authorised  agent or  representative  of the
Optionor,  to inspect the Property at  reasonable  times and  intervals and upon
reasonable  notice  given to  VIPC,  provided  however,  that it is  agreed  and
understood  that any such  agent or  representative  shall be at his own risk in
respect of, and VIPC shall not be liable for, any injury  incurred  while on the
Property, howsoever caused;

(F)    VIPC shall allow the  Optionor  access at  reasonable  times to all maps,
reports, sample results and other technical data prepared or obtained by VIPC in
connection with its operations on the Property;

(G)    VIPC shall  indemnify and save the Optionor  harmless of and from any and
all costs,  claims, loss and damages whatsoever  incidental to or arising out of
any work or  operations  carried  out by or on behalf  of VIPC on the  Property,
including any liability of an environmental nature.

7.     REPRESENTATIONS AND WARRANTIES

7.1    The Optionor hereby represents and warrants that:

(A)    the Property is in good standing with all regulatory  authorities  having
jurisdictions and all required claim maintenance payments have been made;

                                        4
<PAGE>

(B)    it has not done  anything  whereby  the  mineral  claims  comprising  the
Property may be in any way encumbered;

(C)    it has full  corporate  power and authority to enter into this  Agreement
and the entering into of this  Agreement  does not conflict with any  applicable
laws or with its charter  documents or any contract or other commitment to which
it is party; and

(D)    the  execution of this  Agreement and the  performance  of its terms have
been duly authorised by all necessary corporate actions including the resolution
of its Board of Directors.

7.2    VIPC hereby represents and warrants that:

(A)    it has full  corporate  power and authority to enter into this  Agreement
and the entering into of this  Agreement  does not conflict with any  applicable
laws or with its charter  documents or any contract or other commitment to which
it is party; and

(B)    the  execution of this  Agreement and the  performance  of its terms have
been duly authorised by all necessary corporate actions including the resolution
of its Board of Directors.

8.     ASSIGNMENT

8.1    With  the  consent  of  the  other  party,  which  consent  shall  not be
unreasonably withheld,  VIPC and the Optionor has the right to assign all or any
part of its interest in this  Agreement and or in the  Property,  subject to the
terms and conditions of this Agreement. It shall be a condition precedent to any
such assignment that the assignee of the interest being transferred agrees to be
bound by the terms of this Agreement, insofar as they are applicable.

9.     CONFIDENTIALITY OF INFORMATION

9.1    Each of VIPC and the Optionor shall treat all data, reports,  records and
other  information of any nature  whatsoever  relating to this Agreement and the
Property as  confidential,  except where such  information must be disclosed for
public disclosure requirements of a public company.

10.    TERMINATION

10.1   Until such time as VIPC has  acquired an  undivided  50%  interest in the
Property  pursuant to Section 2, this Agreement  shall terminate upon any of the
following events:

(A)    upon the failure of VIPC to make a payment or incur Property Expenditures
required by and within the time limits prescribed by Paragraph 2.1;

(B)    in the  event  that  VIPC,  not  being at the time in  default  under any
provision of this  Agreement,  gives 30 day's written  notice to the Optionor of
the termination of this Agreement;

                                        5
<PAGE>

(C)    in the event that VIPC shall fail to comply  with any of its  obligations
hereunder, other than the obligations contained in Paragraph 2.1, and subject to
Paragraph 11.1, and within 30 days of receipt by VIPC of written notice from the
Optionor of such default, VIPC has not:

(i)    cured such  default,  or commenced  proceedings  to cure such default and
prosecuted same to completion without undue delay; or

(ii)   given the Optionor notice that it denies that such default has occurred.

(D)    delivery of notice of  termination  by VIPC  pursuant to Paragraph 2.1 in
the event the Geological Report is not acceptable;

In the event that VIPC gives notice that it denies that a default has  occurred,
VIPC shall not be deemed in default until the matter shall have been  determined
finally  through  such  means of  dispute  resolution  as such  matter  has been
subjected to by either party.

10.2   Upon termination of this Agreement under Paragraph 10.1, VIPC shall:

(A)    transfer any interest in title to the  Property,  in good standing to the
Optionor free and clear of all liens, charges, and encumbrances;

(B)    turn over to the Optionor  copies of all maps,  reports,  sample results,
contracts and other data and  documentation in the possession of VIPC or, to the
extent  within VIPC's  control,  in the  possession of its agents,  employees or
independent contractors, in connection with its operations on the Property; and

(C)    ensure that the Property is in a safe  condition  and  complies  with all
environmental  and safety  standards  imposed by any duly authorised  regulatory
authority.

10.3   Upon the  termination of this Agreement  under Paragraph 10.1, VIPC shall
cease to be liable to the Optionor in debt,  damages or  otherwise  save for the
performance  of those of its  obligations,  which  theretofore  should have been
performed, including those obligations in Paragraph 10.2.

10.4   Upon termination of this Agreement, VIPC shall vacate the Property within
a reasonable time after such termination,  but shall have the right of access to
the Property for a period of six months  thereafter  for the purpose of removing
its chattels, machinery, equipment and fixtures.

                                        6
<PAGE>

11.    FORCE MAJEURE

11.1   The  time  for  performance  of any  act or  making  any  payment  or any
expenditure required under this Agreement shall be extended by the period of any
delay or inability to perform due to fire, strikes, labour disturbances,  riots,
civil  commotion,  wars,  acts of God, any present or future law or governmental
regulation,  any shortages of labour, equipment or materials, or any other cause
not  reasonably  within the control of the party in default,  other than lack of
finances.

12.    REGULATORY APPROVAL

12.1   If this  Agreement  is subject to the prior  approval  of any  securities
regulatory bodies,  then the parties shall use their best efforts to obtain such
regulatory approvals.

13.    NOTICES

13.1   Any notice,  election,  consent or other writing required or permitted to
be given  hereunder  shall be deemed to be  sufficiently  given if  delivered or
mailed postage prepaid or if given by telegram,  telex or telecopier,  addressed
as follows:

In the case of the Optionor:            DIAMANT RESOURCES LTD.
                                        1880 - 1066 WEST HASTINGS ST.
                                        -----------------------------
                                        VANCOUVER, B.C.  V6E 3X1
                                        -----------------------------
                                        Canada
                                        Telecopier:  (604) 724-1500
                                                           --------

In the case of VIPC:                    VIPC . COM
                                        3675 Pecos McLeod,
                                        Suite 1400, Las Vegas
                                        Nevada

                                        Telecopier:  (604) 584-1896

and any such notice given as aforesaid shall be deemed to have been given to the
parties hereto if delivered, when delivered, or if mailed, on the third business
day following the date of mailing, or, if telegraphed, telexed or telecopied, on
the same day as the  telegraphing,  telexing  or  telecopying  thereof  PROVIDED
HOWEVER that during the period of any postal  interruption  in Canada or the USA
any notice given hereunder by mail shall be deemed to have been given only as of
the date of  actual  delivery  of the  same.  Any party may from time to time by
notice in writing change its address for the purposes of this Paragraph.

14.    GENERAL TERMS AND CONDITIONS

14.1   The parties hereto hereby  covenant and agree that they will execute such
further  agreements,  conveyances  and assurances as may be requisite,  or which
counsel for the parties may deem necessary to  effectually  carry out the intent
of this Agreement.

                                        7
<PAGE>

14.2   This Agreement shall constitute the entire agreement  between the parties
with respect to the Property.  No  representations or inducements have been made
save as herein set forth.  No  changes,  alterations  or  modifications  of this
Agreement  shall be bonding upon either  party until and unless a memorandum  in
writing  to such  effect  shall have been  signed by all  parties  hereto.  This
Agreement shall supersede all previous written,  oral or implied  understandings
between the parties with respect to the matters covered hereby.

14.3   Time shall be of the essence of this Agreement.

14.4   The titles to the sections in this Agreement  shall not be deemed to form
part of this Agreement but shall be regarded as having been used for convenience
of reference only.

14.5   Unless  otherwise  noted,  all  currency  references  contained  in  this
Agreement shall be deemed to be references to United States funds.

14.6   Wherever possible,  each provision of this Agreement shall be interpreted
in such manner as to be  effective  and valid under  applicable  law, but if any
provision  shall be  prohibited  by or be invalid  under  applicable  law,  such
provision  shall  be  ineffective  only to the  extent  of such  prohibition  or
invalidity,  without  invalidating  the  remainder  of  such  provision  or  the
remaining provisions of this Agreement.

14.7   The  Schedules  to this  Agreement  shall  be  construed  with  and as an
integral  part of this  Agreement  to the same  extent as if they were set forth
verbatim herein.

14.8   Defined terms  contained in this  Agreement  shall have the same meanings
where used in the Schedule.

14.9   This Agreement  shall be governed by and  interpreted in accordance  with
the laws of the State of Nevada.

14.10  This  Agreement  shall  enure to the  benefit of and be binding  upon the
parties hereto and their respective heirs, executors, administrators, successors
and assigns.

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                                        8
<PAGE>

WITNESS WHEREOF this Agreement has been executed by the Parties hereto as of the
---------------
day and year first above written.

DIAMANT RESOURCES LTD.
by its authorised signatory:

/s/ Andrew Reid
------------------------------------
Signature of Authorised Signatory

ANDREW REID
------------------------------------
Name of Authorised Signatory

President
------------------------------------
Position of Authorised Signatory

VIPC VENTURES, INC.
by its authorised signatory:

/s/ Andrew Reid
------------------------------------
Signature of Authorised Signatory

ANDREW REID
------------------------------------
Name of Authorised Signatory

President
------------------------------------
Position of Authorised Signatory

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                                        9
<PAGE>

                                  SCHEDULE "A"

                              PROPERTY DESCRIPTION

Beatton Claim Group
-------------------

The Beatton claims lie over a portion of the North  American  Craton on the Nova
Domain. Field trips have confirmed the presence of garnet covered beaches on the
Beatton River.  Geochemistry is encouraging for exploration,  because  eclogitic
diamond inclusion field garnets and pyroxenes,  whole crystal garnet, Kimberlite
I suite  accessory  minerals,  are  evident  in close  proximity  to a  magnetic
anomaly. The claims consist of 72 Units.

Alces Claim Group
-----------------

The Alces claims  straddle an inferred  deep  basement  fault.  The  kimberlitic
indicator G-9 garnets and the diamond  indicator  pyroxenes found in pits on the
edge of the Alces River  channel  indicate  that there is likely a  kimberlitic,
lamprophyric or lamproitic  intrusive in the area.  Diopsides  (CP-2) and chrome
diopsides (CP-5) have been derived from samples. These minerals traditionally do
not  survive  in  the  gravel  depositional  environment  for  more  than  a few
kilometres. The claims consist of 125 Units.

List of Claims
--------------

Claim Name     |  Claim Number
------------------------------
Beatton 1           240542
Beatton 2           240960
Beatton 3           240961
Beatton 4           240962
Alces 1             240791
Alces 2             240792
Alces 3             240793
Alces 4             240794
Alces 5             240795
Alces 6             240796
Alces 7             699172M
Alces 8             699173M
Alces 9             699174M
Alces 10            699175M
Alces 11            669178M

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                                       10

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