Document:

This AMENDED CONSULTING  AGREEMENT  dated  effective the 1st day of August,
2003, is between,  BOUNDARIES CAPITAL, INC. of Suite 460, 789 West Pender Street
Vancouver,  B.C., V6C 1H2 (the "Company"),  and Michael Townsend, of Suite 1220,
789 West Pender Street, Vancouver, B.C., V6C 1H2 (the "Consultant").

     In  consideration  of the premises and the mutual  covenants and agreements
hereinafter set forth, IT IS AGREED as follows:

1.   The  Consultant  has  represented to the Company that it has the technical,
business or management  expertise to provide certain technical,  business and/or
management  services  to the  Company,  other than  services  of a  promotional,
investor relations or fiscal agency nature (the "Services").

2.   The Company  hereby  retains the  Consultant to provide the Services to the
Company for a term of twelve (12) months unless  extended or terminated  earlier
as hereinafter provided (the "Term").

3.   During the Term, the Consultant shall diligently and faithfully  devote the
time,  effort and ability to the  Company's  affairs and  business  necessary to
perform the Services under this Agreement.

4.   In consideration for the provision of the Services, the Company shall issue
or cause to be issued to the Consultant 1,250,000 shares of the Company's common
stock,  which shall be issued no later than August 31,  2003.  Additionally,  at
such time as the Company and the  Consultant  determine to be  appropriate,  the
Company and the Consultant shall consider  whether the  compensation  payable to
the Consultant pursuant to this paragraph is sufficient,  considering the nature
of the Services and the value of those shares over time,  and, if  determined to
be appropriate, the Company shall issue or cause to be issued to the Consultant,
as addition  consideration for the Services,  additional shares of the Company's
common stock,  which additional shares shall not exceed another 1,250,000 shares
of such  stock.  The  Consultant  agrees  to have the  additional  shares of the
Company's  common stock issued into escrow.  The additional  shares will only be
released  from escrow at such time,  if ever,  and in such amount as the Company
and the Consultant determine to be appropriate.

5.   The Company is aware that the  Consultant  also provides  services to other
companies and that these other  companies will require a certain  portion of the
Consultant's time.

6.   This  contract may be  terminated  at any time by either party on two weeks
written notice to the other party.

7.   The  Consultant  shall  not,  either  prior  to,  during or after the Term,
disclose to any person, nor make use of, any information  whatsoever relating to

<PAGE>

the Company, its business,  policies,  methods or information which he/she shall
have acquired in any manner.

8.   The services to be performed by the Consultant pursuant hereto are personal
in  character,  and neither this  Agreement  nor any rights or benefits  arising
thereunder are assignable by the Consultant without the prior written consent of
the Company.

9.   If any  provision,  word or  clause of this  Agreement  shall be held to be
illegal, invalid or unenforceable for any reason, such illegality, invalidity or
unenforceability  shall not affect the remaining provisions which shall be fully
severable,  and this Agreement shall be construed and enforced without regard to
such illegal, invalid or unenforceable provision.

10.  This Agreement  shall be governed by and interpreted in accordance with the
laws of the Province of B.C. and the parties hereto hereby irrevocably attorn to
the exclusive jurisdiction of the Courts of such Province.

11.  The Company and the  Consultant  each represent to the other that they have
read this Agreement, that they have sought and obtained independent legal advice
with respect to the contents hereof and that they fully understand the terms and
legal effect of this Agreement.

BOUNDARIES CAPITAL, INC.                    CONSULTANT
------------------------                    ----------

Per:   /s/ Allen Sewell                     Per:   /s/ Michael Townsend
       --------------------                        --------------------
       Authorized Signatory                        Michael TownsendThis AMENDED CONSULTING  AGREEMENT  dated  effective the 1st day of August,
2003, is between,  BOUNDARIES CAPITAL, INC. of Suite 460, 789 West Pender Street
Vancouver,  B.C., V6C 1H2 (the "Company"),  and Greg Burnett,  of Suite 604, 750
West Pender Street, Vancouver, B.C., V6C 2T7 (the "Consultant").

     In  consideration  of the premises and the mutual  covenants and agreements
hereinafter set forth, IT IS AGREED as follows:

1.   The  Consultant  has  represented to the Company that it has the technical,
business or management  expertise to provide certain technical,  business and/or
management  services  to the  Company,  other than  services  of a  promotional,
investor relations or fiscal agency nature (the "Services").

2.   The Company  hereby  retains the  Consultant to provide the Services to the
Company for a term of twelve (12) months unless  extended or terminated  earlier
as hereinafter provided (the "Term").

3.   During the Term, the Consultant shall diligently and faithfully  devote the
time,  effort and ability to the  Company's  affairs and  business  necessary to
perform the Services under this Agreement.

4.   In consideration for the provision of the Services, the Company shall issue
or cause to be issued to the Consultant 1,250,000 shares of the Company's common
stock,  which shall be issued no later than August 31,  2003.  Additionally,  at
such time as the Company and the  Consultant  determine to be  appropriate,  the
Company and the Consultant shall consider  whether the  compensation  payable to
the Consultant pursuant to this paragraph is sufficient,  considering the nature
of the Services and the value of those shares over time,  and, if  determined to
be appropriate, the Company shall issue or cause to be issued to the Consultant,
as addition  consideration for the Services,  additional shares of the Company's
common stock,  which additional shares shall not exceed another 1,250,000 shares
of such  stock.  The  Consultant  agrees  to have the  additional  shares of the
Company's  common stock issued into escrow.  The additional  shares will only be
released  from escrow at such time,  if ever,  and in such amount as the Company
and the Consultant determine to be appropriate.

5.   The Company is aware that the  Consultant  also provides  services to other
companies and that these other  companies will require a certain  portion of the
Consultant's time.

6.   This  contract may be  terminated  at any time by either party on two weeks
written notice to the other party.

7.   The  Consultant  shall  not,  either  prior  to,  during or after the Term,
disclose to any person, nor make use of, any information  whatsoever relating to

<PAGE>

the Company, its business,  policies,  methods or information which he/she shall
have acquired in any manner.

8.   The services to be performed by the Consultant pursuant hereto are personal
in  character,  and neither this  Agreement  nor any rights or benefits  arising
thereunder are assignable by the Consultant without the prior written consent of
the Company.

9.   If any  provision,  word or  clause of this  Agreement  shall be held to be
illegal, invalid or unenforceable for any reason, such illegality, invalidity or
unenforceability  shall not affect the remaining provisions which shall be fully
severable,  and this Agreement shall be construed and enforced without regard to
such illegal, invalid or unenforceable provision.

10.  This Agreement  shall be governed by and interpreted in accordance with the
laws of the Province of B.C. and the parties hereto hereby irrevocably attorn to
the exclusive jurisdiction of the Courts of such Province.

11.  The Company and the  Consultant  each represent to the other that they have
read this Agreement, that they have sought and obtained independent legal advice
with respect to the contents hereof and that they fully understand the terms and
legal effect of this Agreement.

BOUNDARIES CAPITAL, INC.                    CONSULTANT
------------------------                    ----------

Per:   /s/ Allen Sewell                     Per:   /s/ Greg Burnett
       --------------------                        ----------------
       Authorized Signatory                        Greg BurnettSKTF First Amended SOP

FIRST AMENDMENT 

TO 

SKTF, INC. 

2001 STOCK OPTION PLAN 

This First Amendment to the SKTF, Inc. 2001 Stock Option Plan (the "Amendment") is executed effective this 27th day of August, 2003. 

RECITALS 

WHEREAS, SKTF Enterprises, Inc., a Florida corporation (the "Company") executed the SKTF, Inc. 2001 Stock Option Plan (the "Plan") effective May 15, 2001; 

WHEREAS, the Plan provided for up to 600,000 shares of the Company’s common stock to be issued pursuant to the terms of the Plan; 

WHEREAS, Section 14(b) of the Plan provides that the Board of Directors may revise or amend the Plan at any time subject to the approval of the Company’s shareholders only to the extent required by applicable laws, regulations or rules including the rules of any applicable exchange; 

WHEREAS, the Company desires to execute this First Amendment to the Plan in order to increase the number of shares of common stock subject to the Plan to 1,000,000 shares, and to change the name of the Plan to the "Speedemissions, Inc. 2001 Stock Option Plan." 

WHEREAS, on August 27, 2003, the Board of Directors of the Company approved this Amendment to the Plan, and on August 27, 2003, the Shareholders of the Company approved this Amendment to the Plan. 

NOW, THEREFORE, the Plan is hereby amended as follows: 

1.         The Plan shall be known as the "Speedemissions, Inc. 2001 Stock Option Plan". 

2.         Section 5(a) of the Plan is restated in its entirety to read as follows: 

 

"(a)   Basic Limitation      Shares offered under the Plan shall be authorized but unissued Shares. Subject to Sections 5(b) and 9 of the Plan, the aggregate number of Shares which may be issued or transferred as common stock pursuant to an Award under the Plan shall not exceed 1,000,000 Shares. 

	
 

		Page 1 of 2	 
	

	 

 

In any event, the number of Shares which are subject to Awards or other rights outstanding at any time under the Plan shall not exceed the number of Shares which then remain available for issuance under the Plan. The Company, during the term of the Plan, shall at all times reserve and keep available sufficient Shares to satisfy the requirements of the Plan." 

 

As adopted by the Board of Directors on August 27, 2003, and approved by the Shareholders on August 27, 2003. 

	
 
	
SKTF Enterprises, Inc., 

	
 
	
a Florida corporation 

	
 
	
 

	
 

	
 

	
 

	
 
	
By: Richard A. Parlontieri 

	
 
	
Its: President and Secretary 

	
 

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