Document:

Exhibit 10.1

PURCHASE AND SALE AGREEMENT

1.   PURCHASE OF ACCOUNTS

     1.1 K CAPITAL PARTNERS, INC., ("KCap"), with its principal place of
business at 9D Gwynns Mills Ct., Owing Mills, MD 21117, hereby purchases from
Plangraphics, Inc., a Maryland company and PlanGraphics, Inc. (a Colorado
company), (Taxpayer Id. No. 61-0954403) with its principal place of business at
112 East Main Street, Frankfort, KY 40601, ("Seller") and Seller hereby sells,
transfers, and assigns to KCap as Seller's sole Factor and as absolute owner,
all of Seller's right, title and interest in and to (i) those specific accounts
receivable (the "Accounts") owing to Seller and accepted by KCap as set forth on
the assignment forms provided by KCap pursuant to Section 1.2 (the
"Assignments") together with all rights of action accrued or to accrue thereon,
including without limitation, full power to collect, sue for, compromise,
assign, in whole or in part, or in any other manner enforce collection thereof
in KCap's name or otherwise, (ii) all notes, drafts, contracts, books and
records evidencing or relating to the Accounts, and all Seller's rights with
respect to the goods represented by such Accounts, including goods returned by
any customer or obligor in any way obligated on or in connection with the
Accounts (the "Account Debtor"), (iii) all rights of stoppage in transit,
replevin, repossession and reclamation and all other rights of action of an
unpaid vendor or lienor, (iv) all deposits or other security for the obligation
of any person under or relating to the Accounts and (v) all payments or other
proceeds of the foregoing in any form. At any one time, the aggregate
outstanding Purchase Price (hereinafter defined) for all Accounts, which KCap
will purchase or consider purchasing, shall be not greater than $1,500,000.00.

     1.2 From time to time hereafter, Seller may deliver to KCap and KCap may
accept, in its sole and absolute discretion, Assignments reflecting Seller's
sale to KCap and KCap's purchase from Seller of the Accounts therein described.
All such Assignments shall contain one or more Accounts accepted by KCap. The
aggregate net face value of each Assignment shall not be less than $250.00. All
such sales shall be separate transactions, but the Accounts described therein,
upon KCap's acceptance thereof, shall be deemed Accounts hereunder and shall be
governed by and subject to the terms and conditions of this Agreement,
including, without limitation, the representations, warranties and covenants
herein contained, without further action.

     1.3 Concurrent with the purchase of Seller's Accounts, KCap will establish
for Seller a Reserve Account ("Reserve"). The Reserve will hold a) the
difference between the Accounts Purchase Price and the Down Payment and other
expenses (as described in 1.4 below), b) payments received from all non-factored
accounts, and c) any other sources of cash. Payment of funds in the Reserve will
be made to you on each Friday, subject to the terms of Paragraph 1.4 below, less
a hold back for all disputed Accounts (as defined in paragraph 5) assigned to
KCap that are eighty (80) or more days from the invoice date.

     1.4 Upon KCap's receipt and acceptance of each Assignment, KCap shall pay
to Seller eighty percent (80%) of the net face value of the Accounts therein
described (the "Down Payment"). All advances will be sent to Seller by check or
by direct deposit into Seller's checking account if Seller and KCap both have
the same bank. Advance made via wire will be subject to a $20.00 wire fee. On
the Friday following the week in which all Accounts set forth on the applicable
Assignment have been collected in good funds, KCap will pay to the Seller from
the Reserve the amount of the Purchase Price minus (i) the Down Payment and (ii)
all returns, credits, allowances and discounts on the shortest or, at KCap's
option, on any alternative terms of sale offered by Seller to Account Debtors,
and all other unpaid sums charged or chargeable to Seller's account which shall
include but not be limited to all costs and expenses (including attorneys'
fees), of any kind and nature, which KCap may incur in (a) filing notices, (b)
making lien or title examinations, (c) protecting, maintaining, preserving or
enforcing Assigned Accounts or (d) defending or prosecuting any actions or
proceedings related to this Agreement shall be added to and deemed part of your
Obligations. "Purchase Price" means the net face value of the Accounts, less
KCap's discount fee calculated as described in Section 1.5.

     1.5 KCap's discount fee as to each Account shall be a percentage of the
gross face value of such Account based on the number of days elapsed between the
date of purchase by KCap and the date of collection in cleared funds (collection
days of 3 days for in state and 5 days for out of state checks) by KCap, as
follows:

               Days Elapsed                  Percentage
               ------------                  -----------
               0-15                          0.90%
               16-30                         1.80%
               31-45                         2.70%
               46-60                         3.60%
               61-75                         4.50%
               76-90                         5.40%
               More than 90                  5.40% + .08% per diem

     In no case, however, will the discount fee be less than $15.00 per Account.

2.   MINIMUM VOLUME

     If the aggregate net face value of Accounts accepted by KCap in any month
(the Actual Volume") during the Term is less than $500,000.00 in a three (3)
month period, Seller shall pay to KCap as a supplemental fee, on the first day
of the month following the three (3) month period in which the Actual Volume
does not equal or exceed the Monthly Minimum Volume, an amount equal to the
discount fee Seller would have been required to pay KCap pursuant to the terms
of Section 1.5 hereof (assuming collection within 30 days) on the amount by
which the Monthly Minimum Volume for such month exceeds the Actual volume for
such Month. Seller acknowledges that KCap may charge Seller's Reserve, at KCap's
option, for all amounts Seller is required to pay KCap under this Paragraph.

3.   WARRANTIES, REPRESENTATIONS AND COVENANTS

     3.1 Seller warrants, represents and covenants as follows:

     (a) Seller is the sole and absolute owner of the Accounts, free and clear
of any liens, security interests or encumbrances, and has the full legal right
to sell, assign and transfer the Accounts, and the sale, assignment and transfer
thereof does not contravene or conflict with the terms of any other agreement,
commitment or instrument to which Seller is a party; (b) this Agreement will
vest in KCap all right, title and interest in and to the Accounts as such right
, title and interest was vested in Seller immediately prior to the execution and
delivery of this Agreement; (c) Each Account represents an accurate and
undisputed statement of indebtedness from an Account Debtor of Seller for a sum
certain, without offset or counterclaim and which is due and payable within 90
days of invoice date or less; (d) Each Account is an accurate statement of bona
fide sale, delivery, and acceptance of merchandise or performance of service by
Seller to an Account Debtor; (e) Seller is not affiliated with and does not own,
control, or exercise dominion, in any way whatsoever, over the business of any
Account Debtor; (f) All financial records, statements, books, or other documents
shown to KCap by Seller at any time either before or after the signing of this
Agreement are true and accurate; (g) All invoices will state plainly on their
face that the Accounts represented thereby have been sold and assigned to KCap
and are payable only and directly to KCap; (h) No Account shall be on a bill and
hold, guaranteed sale, sale and return, sale on approval, consignment or any
other repurchase or return basis; (i) Seller is solvent; (j) No financing
statement governing any of the Accounts, or any property of Seller in which KCap
is granted a security interest under this Agreement, is on file in any public
office other than that which may be in favor of KCap; and (k) Seller's principal
place of business is set forth above and Seller maintains its records relating
to the Accounts and such property at such place.

     3.2 The warranties, representations and covenants contained in paragraph
3.1 above shall be continuous and be deemed to be renewed as of the date of each
additional Assignment each time Seller assigns Accounts to KCap. All
representations, warranties and covenants of Seller under this paragraph shall
survive any purchase or sale of Accounts and any termination of this Agreement.

4.   REPURCHASE OF ACCOUNTS

     If any Account purchased by KCap is not paid on or before ninety (90) days
from its invoice date, or to the extent of any breach by Seller of any of the
warranties, representations or covenants set forth in this Agreement, Seller
agrees, upon demand by KCap (whether written or oral) to either i) immediately
repurchase from KCap any such Account (or the unpaid portion thereof) for the
amount of the applicable Down Payment (or the unpaid portion thereof), together
with all unpaid discount fees and/or expenses associated with such Account, or
ii) to immediately replace such Account with another Account of equal or greater
value. Upon a default under this Agreement, Seller shall be required to
repurchase all Accounts (or the unpaid portion thereof) for the amount of the
applicable Down Payment (or the unpaid portion thereof), together with all
unpaid discount fees and/or expenses associated with such Accounts.

5.   DISPUTES

     5.1 KCap may charge Seller's account for the Down Payment and discount fee
calculated as described in Section 1.5 to the date of chargeback for any Account
that is subject to a "Dispute". "Dispute" means any alleged defense,
counterclaim, offset, dispute or other claim asserted by the Account Debtor of
the Account which relates to the sale of goods or rendition of services or
arising from or relating to any other transactions or occurrences.

     5.2 Seller must immediately notify KCap of any Dispute. KCap may, at its
option, settle, and/or compromise any Dispute. Such settlement does not relieve
Seller of any of its obligations under this Agreement. No charge back shall be
deemed a reassignment to Seller of the Account involved. All amounts chargeable
to Seller's account under this agreement shall be payable by Seller on demand.

6.   HOLD IN TRUST

     Seller will hold in trust and safekeeping, as the property of KCap and
immediately turn over to KCap, the identical check or other form of payment
received by Seller if payment on any of the Accounts comes into the Seller's
possession. Should Seller come into possession of a check comprising payments
owing to both Seller and KCap, Seller shall turn over said check to KCap.
Thereafter, KCap will refund Seller's portion, if any, to Seller. In the event
Seller does not turn over the check or other form of payment to KCap, the Seller
shall be subject to a misdirected payment fee equal to 15% of the converted
Account.

7.   BOOK ENTRY

     Seller will immediately, upon each sale of Accounts, make the proper entry
on its books and record recording the absolute sale of such Accounts to KCap.
Seller will maintain all shipping documents, delivery receipts and invoices
relating to the Assigned Accounts, available for inspection and copying by KCap,
and Seller will promptly deliver them to KCap upon KCap's written request.

8.   SECURITY INTEREST

     Seller hereby grants to KCap, as security for all present and future
obligations of Seller to KCap, a continuing first lien and security interest,
superior in priority and dignity to all others, in all of Seller's Accounts and
accounts receivable, whether now existing or owned or hereafter arising or
acquired, wherever located, and any other property of the debtor in KCap's
possession, and all cash and non cash proceeds and products thereof.

9.   POWER OF ATTORNEY

     In order to implement this Agreement, Seller irrevocably appoints KCap its
attorney in fact or agent with power to: (a) Strike our Seller's address on any
correspondence to any Account Debtor and insert KCap's address; (b) Receive and
open all mail addressed to Seller via KCap's address; (c) Endorse the name of
Seller or Seller's trade name on any checks or other evidences of payment
payable to Seller that may come into the possession of KCap; (d) In Seller's
name, or otherwise, demand, sue for, compromise and/or collect any and all
moneys due to Seller; (e) Compromise, prosecute or defend any action, claim or
proceeding as to the Accounts; (f) Send notices, demands or requests to the
Account Debtor in the name of Seller for any purpose whatsoever deemed necessary
or desirable by KCap including, without limitation, notices regarding payment
instructions or seeking estoppel information on the account. The Power of
Attorney granted to KCap herein shall be deemed to be coupled with an interest
and therefore irrevocable and shall remain in full force and effect until all
Accounts are paid in full and all indebtedness, if any, of Seller to KCap is
discharged.

10.  FINANCING STATEMENT

     Seller has delivered to KCap and KCap may file executed financing
statements (a) to perfect the purchase by KCap of all present and future
Accounts and (b) to perfect any security interest granted to KCap under this
Agreement. Seller authorizes KCap to execute in Seller's name and to file all
such further financing statements and renewals thereof as KCap may deem
appropriate to carry out the intent of this Agreement.

11.  FINANCIAL STATEMENTS

     Within 90 days of Seller's fiscal year end, Seller will deliver to KCap
complete copies of Seller's fiscal year end tax returns. At KCap's request,
Seller shall provide KCap copies of the Seller's complete accounts receivable
and accounts payable agings within 15 days of each month end.

12.  RESTRICTIONS ON OTHER TRANSACTIONS

     During the term of this Agreement Seller will not sell or factor any of its
accounts receivable to any entity other than KCap.

13.  NO ASSUMPTION

     Nothing contained in this agreement shall be deemed to impose any duty or
obligation upon KCap in favor of any Account Debtor and/or any other party in
connection with the Accounts.

14.  BINDING FUTURE PARTIES

     This Agreement shall inure to the benefit of and is binding upon the heirs,
executors, administrators, successors, and assigns of the parties hereto, except
that Seller may not assign or transfer any or all of its rights and obligations
under the Agreement to any party without the prior written consent of KCap.

15.  WAIVER; ENTIRE AGREEMENT

     No failure or delay on KCap's part in exercising any right, power or remedy
granted to KCap hereunder will constitute or operate as a waiver thereof, nor
shall any single or partial exercise of any such right, power or remedy preclude
any other or future exercise thereof or the exercise of any other right set
forth herein. This Agreement contains the entire agreement and understanding of
the parties hereto and no amendment, modification or waiver of, or consent, oral
or otherwise, with respect to any provision of this Agreement will in any event
be effective unless the same is in writing and signed and delivered by KCap.

16.  MARYLAND LAW

     This Agreement shall be deemed executed in the State of Maryland and in all
respects shall be governed by and construed in accordance with the laws of the
State of Maryland. Seller acknowledges that all actions and proceedings relating
directly or indirectly to this Agreement shall be litigated in the state court
of competent jurisdiction in the County of Baltimore or, at KCap's exclusive
option, in the courts in the venue where the Seller is domiciled. The prevailing
party in any such litigation, as determined by the court, shall be awarded all
reasonable attorney's fees and costs incurred by the prevailing party in
connection with such litigation and the controversy giving rise thereto.

17.  JURY WAIVER

     THE PARTIES HERETO HEREBY MUTUALLY WAIVE TRIAL BY JURY IN THE EVENT OF ANY
LITIGATION WITH RESPECT TO ANY MATTER CONNECTED WITH THIS AGREEMENT.

18.  INDEMNITY

     Seller shall indemnify KCap and hold KCap harmless from and against any
action or other proceeding brought by any Account Debtor against KCap arising
from KCap's commercially reasonable efforts in collecting or attempting to
collect any of the Accounts.

19.  TERM

     19.1 This agreement will remain in effect from the date hereof to twelve
months thereafter or until cancellation of this agreement pursuant to its term,
whichever occurs first (the "Term"). The Term will be automatically extended for
successive periods of one (1) year each unless Seller provides KCap with a
written notice of cancellation at least sixty (60) days prior to the expiration
of the initial Term or any renewal Term. KCap may cancel this Agreement at any
time with ten-(10) days prior notice to Seller. In the event of a breach by
Seller of any term or provision of this Agreement or upon Seller's bankruptcy,
receivership, inability to pay its debts, or similar insolvency event, or the
occurrence of such an event with respect to any guarantor of Seller's
obligations hereunder, KCap shall have the right, at its discretion, to cancel
the Agreement without notice to Seller, and all Seller's obligations to KCap
hereunder shall be immediately due and payable. In the event of cancellation,
Seller's obligation under this Agreement shall remain in full force and effect
and accrue at the maximum interest rate allowable under the law until all of the
Accounts ( other than in the case of Insolvency) have been paid in full and KCap
is paid in full for all amounts owed by Seller. In the event that the Seller
secures Bank financing prior to the annual renewal period, KCap agrees to
termination fees of $15,000.00.

     19.2 In the event that the Seller secures Bank financing prior to the
annual renewal period, KCap agrees to termination fees of$15,000.00 in lieu of
the termination fees as outlined in "19.1".

20.  COOPERATION

     Seller shall at any future time execute and deliver to KCap any and all
documents deemed desirable or necessary by KCap to effectuate the provisions of
this Agreement.

21.  REMEDIES CUMULATIVE

     Each right, power, and remedy of KCap provided for herein or otherwise
existing shall be cumulative and concurrent and shall be in addition to every
other right, power, and remedy of KCap existing hereunder, by law or otherwise.
The exercise by KCap of any one or more such rights, powers, or remedies shall
not preclude the simultaneous or later exercise by KCap of any or all such other
rights, powers, or remedies.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of January 6, 2005.

PlanGraphics, Inc.                            K Capital Partners, Inc.

By: /S/ John C. Antenucci                     By: /S/ Mark Hufnagel

Title: Prdesident & CEO                       Title: President

Print Name: John C. Antenucci                 Print Name: Mark Hufnagel
    (signed on January 6, 2005)                   (signed on January 7, 2005)

<PAGE>

                             SECRETARY'S CERTIFICATE

RESOLVED, that the President, Vice President, Secretary, Treasurer or other
officer or any agent of this corporation or any one or more of them be and they
hereby are authorized and empowered to enter into and execute on behalf of this
corporation an agreement with K Capital Partners, Inc. (hereinafter called
"KCap") relating to the sale, assignment, transfer or negotiation to KCap and/or
the grant to it of a security interest in accounts, notes, bills, acceptances
and any and all other forms of obligation, collectively referred to as Accounts
and/or relating to the consignment, pledge, mortgage or other hypothecation of
and/or the granting of a security interest in any merchandise, securities,
contract rights, general intangibles, instruments, documents, chattel paper or
goods (as defined in the Uniform Commercial Code), land, buildings, and/or other
property now or hereafter belonging to or acquired by this corporation, to or
with KCap, and from time to time to modify or supplement said agreements and
arrangements with KCap as to the terms or conditions on with such Accounts are
to be sold, assigned, transferred or negotiated to KCap, and as to the terms or
conditions on which merchandise, machinery, or other property, now or hereafter
belonging to or acquired by the corporation, may be consigned, pledged,
mortgaged, or otherwise hypothecated to or with KCap and are further authorized
and empowered on behalf of this corporation to obtain from KCap, loans and/or
advances in such amounts and on such terms and conditions as such officer or
agent deems proper and to execute notes and other evidences of this
corporation's indebtedness with respect thereto, and they and each of them and
any person or persons hereafter and from time to time designated by any of them
to act for this corporation are here by further authorized and empowered from
time to time to sell, assign, transfer, deliver, endorse, negotiate, or
otherwise transfer to KCap and its assigns any and all Accounts now or hereafter
belonging to or acquired by the corporation, and to make remittances and payment
in respect thereof by checks, drafts, or otherwise and from time to time to
consign, pledge, mortgage or otherwise hypothecate to or with KCap and/or grant
to KCap a security interest in merchandise, securities, contract rights, general
intangibles, instruments, documents, chattel paper or goods (as defined in the
Uniform Commercial Code), land, buildings and/or other property now or hereafter
belonging to or acquired by this corporation, and for said purposes to execute
and deliver any and all assignments, consignments, schedules, transfers,
endorsements, contracts, guarantees, mortgages, security agreements, financing
or factoring agreements, financing and continuation statements, instruments of
pledge and /or other agreements or instruments in respect thereof, and to do and
perform all such other acts and things deemed by such officer or agent necessary
convenient or proper to carry out, modify or supplement any such agreement and
arrangements made with KCap, hereby ratifying, approving and confirming all that
any said officers or agents have done or may do in the premises. It is further
resolved that any officer, agent or nominee of KCap is hereby authorized and
empowered, as this corporations lawful attorney and agent to execute financing
statements on this corporation's behalf and to file same in any appropriate
public office and to endorse the name of this corporation or orders for the
payment of money and the proceeds thereof as the property of KCap with any Bank,
Banker or Trust Company, to deal with any and all such checks, drafts and other
instruments or orders for the payment of money and the proceeds thereof as the
property of KCap and to otherwise have all powers granted by the terms of any
agreement between this corporation and KCap. It is further resolved that the
said Bank, Banker, or Trust Company be, and they hereby are, authorized and
requested to receive for deposit to the credit of KCap without further inquiry,
all such checks, drafts, and other orders or instruments for the payment of
money, payable to this corporation or its order, and that said banks shall be
under no liability to this corporation for the disposition which KCap may or
shall make of the said instruments or the proceeds thereof.

I, Joyce M. Rector, do hereby certify that I am the Secretary of a corporation
organized and existing under name and by virtue of the laws of State of
Maryland, having its principal business in the city of Baltimore; that I am the
keeper of the corporate records and the seal of said corporation; that the
forgoing is a true and correct copy of a resolution duly adopted and ratified at
a special meeting of the Board of Directors of said corporation duly convened
and held in accordance with its by-laws and the laws of the State at the office
of said corporation in the City of Baltimore, State of Maryland, on January 5,
2005, as taken and transcribed by me from the minutes of said meeting and
compared by me with the original of said resolution recorded in said minutes,
and that the same has not in any way been modified, repealed or rescinded but is
in full force and effect; that the within and/or forgoing agreement is one of
the agreements referred to in said resolution and was duly executed pursuant
thereto and I further certify that the certificate of incorporation and bylaws
of said corporation contain no provision requiring a vote or consent of
stockholders to authorize the action of the Board of Directors set forth in the
foregoing resolutions.

     I do further certify that the following are the names, personal
information, and specimen signatures of the officers and agents of said
corporation so empowered and authorized namely:

President         John C. Antenucci              /S/ John C. Antenucci
                  Print Name                     Signature

                  Home Address        City           State         Zip Code

                  % Ownership    Social Security #    Birth Date   Home Phone #

Vice President    J. Gary Reed                   /S/ J. Gary Reed
                  Print Name                     Signature

                  Home Address        City           State         Zip Code

                  % Ownership    Social Security #    Birth Date   Home Phone #

Secretary         Joyce M. Rector                /S/ Joyce M. Rector
                  Print Name                     Signature

                  Home Address        City           State         Zip Code

                  % Ownership    Social Security #    Birth Date   Home Phone #

Treasurer         Gary W. Murphy                 /C/ Gary W. Murphy
                  Print Name                     Signature

                  Home Address        City           State         Zip Code

                  % Ownership    Social Security #    Birth Date   Home Phone #

     I do further certify that there is no provision in the Certificate of
Incorporation or by-laws of the said corporation or in the laws of the state of
its incorporation requiring any vote or consent of shareholders to authorize any
of the matters approved in the foregoing resolution and that such power is
vested exclusively in its board of directors.

     Witness my hand and seal of said corporation this 6th day of January, 2005.

                                                 Joyce M. Rector
                                                 (Secretary of said corporation)

(CORPORATE SEAL)

<PAGE>

                              GUARANTY OF VALIDITY

To induce K Capital Partners, Inc., whose principal place of business is a 9D
Gwynns Mill Ct., Owings Mills, MD 21117 ("KCap") to enter into and/or refrain
from terminating the Purchase and Sale Agreement (the "Agreement") dated January
6, 2005 between KCap and Plangraphics, Inc. ("Seller"), and in consideration
thereof and of any financial accommodation heretofore or hereafter granted KCap
to or for the benefit of Seller, whether pursuant to the Agreement or otherwise,
the undersigned Guarantor ("Guarantor") hereby agrees with KCap as follows:

1. Guarantor hereby guarantees the validity of, and the full and faithful
performance by Seller of , all the Seller's warranties, representations,
covenants and obligations pursuant to the Agreement and also hereby guarantees
payment to KCap of all debts, liabilities, damages, losses, fees or any other
amounts due, or which might become due, to KCap arising from any breach or
violations by Seller of any of its said warranties, representations, covenants
and obligations as set forth in the Agreement or if any of the same are invalid.

2. Guarantor agrees to indemnify KCap and hold it harmless against all
obligations, demands and liabilities by whomsoever asserted, and against all
losses in any way suffered, incurred or paid by KCap as a result of or in any
way arising out of, or following, or consequential to transactions with the
Seller, whether under the Agreement or otherwise, other than in the case of
Insolvency as defined in the Agreement. In addition to the foregoing, Guarantor
shall be liable to KCap for reasonable attorney's fees if any claim is referred
to an attorney for collection.

3. Guarantor agrees that this Guaranty shall not be impaired by any
modification, supplement, extension, or amendment to which the parties to the
Agreement may hereafter agree nor by any modification, release or other
alteration of any of the obligations hereby guaranteed or of any security
therefore, to all of which the Guarantor hereby consents.

4. Guarantor acknowledges that Guarantor's liability hereunder is direct and
unconditional, and may be enforced without requiring KCap first to resort to any
other right, remedy or security. This Guaranty shall continue in full force and
effect until expressly terminated, by Guarantor's giving KCap sixty (60) days'
prior written notice by registered or certified mail and that such termination
shall be applicable only to transactions having their inception after the
effective date of termination and shall not affect rights and obligations
arising out of transactions having their inception prior to such date.

5. Guarantor agrees that all present and future debts and obligations of Seller
to Guarantor are hereby waived and postponed in favor of and subordinated to the
full payment and performance of all present and future obligations of Seller to
KCap.

6. Guarantor agrees that if Seller should at any time become insolvent or make a
general assignment, or if a petition in bankruptcy or any insolvency or
reorganization proceedings shall be filed or commenced by, against or in respect
of the Seller or any Guarantor, any and all obligations of Guarantor shall, at
the option of KCap, forthwith become due and payable.

7. Guarantor waives notice of acceptance hereof, and presentment and protest of
any instrument, and notice thereof. Guarantor further waives notice of default
and all other notices to which Guarantor might otherwise be entitled.

8. If this or any similar guaranty is executed by more than one Guarantor, each
Guarantor's obligation and liability shall be joint and several.

9. This Guaranty, all acts and transactions hereunder, and the rights and
obligation of the parties hereto shall be governed, construed and interpreted
according to the laws of the State of Maryland, shall be binding upon the heirs,
executors, administrators, successors and assigns of Guarantor and shall inure
to the benefit of , and shall be severally enforceable by KCap, its successors
and assigns. In addition, Guarantor accepts and acknowledges that all obligation
or debts of Seller due and owing to KCap for any reason under this Agreement or
otherwise shall accrue at the maximum rate of interest allowable under the law.

Dated this 6th day of January 6 2005

WITNESS                                      GUARANTOR

Signature:  /S/ Orlene McEachern             Signature: /S/John C. Antenucci
                                             /S/President & CEO, PlanGraphics

Print Name: Orlene McEachern                 Print Name: John C. Antenucci

Address:  _____________________________      Address: 112 East Main Street

_______________________________________      Frankfort, KY 40601

STATE OF       Kentucky     )

COUNTY OF      Franklin     )

     I, the undersigned Notary Public, in and for the jurisdiction aforesaid, do
certify that John C. Antenucci who is personally known to me as the person who
executed the foregoing Guaranty of Validity, personally appeared before me on
the date set forth above and acknowledged the execution of same as his/her free
act and deed.

                                             /S/ Gary W. Murphy
                                             Notary Public
                                             (STAMP)

                                             Gary W. Murphy, Notary Public
                                             State at Large, Kentucky
                                             My commission expires illegible

My commission expires: April 26, 2007                 (S E A L)

<PAGE>

                                   (Form of )
                               Assignment Schedule

Date:_________________                                               No.________

This Assignment Is Made By:
Plangraphics, Inc.                                 To:  K Capital Partners, Inc.
112 East Main St.                                       P.O. Box 646
Frankfort, KY  40601                                    Owing Mills, MD 21117

Account Debtor    Invoice     Invoice     P.O./Contract     Terms       Invoice
  Customer        Number      Date        Number            of Sale     Amount
  --------        ------      ----        ------            -------     ------

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                                          Total Invoice Amount: $_______________

                                          Advance Rate: _____________________80%

                                          Total Advance Amount: $_______________

Plangraphics, Inc.                             K Capital Partners, Inc.

Signed: __________________________             Signed:__________________________

Print Name: ______________________             Print Name:______________________Filed by Automated Filing Services Inc. (604) 609-0244 - Aqua Society, Inc. - Exhibit 4.1

 V G TECH, INC. 

 2004 STOCK INCENTIVE PLAN 

Established September 28, 2004 

 ARTICLE 1.

  THE PLAN 

 1.1      Title  

 This plan is entitled the "2004 Stock Incentive Plan" (the
  "Plan") of V G Tech, Inc., a Nevada corporation (the "Company"). 

 1.2      Purpose 

 The purpose of the Plan is to enhance the long-term stockholder
  value of the Company by offering opportunities to directors, officers, employees
  and eligible consultants of the Company and any Related Company, as defined
  below, to acquire and maintain stock ownership in the Company in order to give
  these persons the opportunity to participate in the Company's growth and success,
  and to encourage them to remain in the service of the Company or a Related Company.

 ARTICLE 2. 

  DEFINITIONS

 2.1      Definitions 

 The following terms will have the following meanings in the
  Plan:

 "Award" means any Option granted under this Plan.

 "Board" means the Board of Directors of the Company.

 "Cause," unless otherwise defined in the instrument
  evidencing the award or in an employment or services agreement between the Company
  or a Related Company and a Participant, means a material breach of the employment
  or services agreement, dishonesty, fraud, misconduct, unauthorized use or disclosure
  of confidential information or trade secrets, or conviction or confession of
  a crime punishable by law (except minor violations), in each case as determined
  by the Plan Administrator, and its determination shall be conclusive and binding.

 "Code" means the Internal Revenue Code of 1986, as
  amended from time to time.

 "Common Stock" means the shares of common stock, par
  value $0.0001 per share, of the Company.

 "Consultant Participant" means a Participant who is
  defined as a Consultant Participant in Article 5.

 "Corporate Transaction," unless otherwise defined in
  the instrument evidencing the Award or in a written employment or services agreement
  between the Company or a Related Company and a Participant, means consummation
  of either.

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	 (a)      	 a merger or consolidation of the Company with or
        into any other corporation, entity or person or 

	 	 
	 (b)      	 a sale, lease, exchange or other transfer in one
        transaction or a series of related transactions of all or substantially
        all the Company's outstanding securities or all or substantially all the
        Company's assets; provided, however, that a Corporate Transaction shall
        not include a Related Party Transaction. 

 "Disability," unless otherwise defined by the
  Plan Administrator, means a mental or physical impairment of the Participant
  that is expected to result in death or that has lasted or is expected to last
  for a continuous period of 12 months or more and that causes the Participant
  to be unable, in the opinion of the Company, to perform his or her duties for
  the Company or a Related Company and to be engaged in any substantial gainful
  activity.

 "Employment Termination Date" means, with respect to
  a Participant, the first day upon which the Participant no longer has an employment
  or service relationship with the Company or any Related Company.

 "Exchange Act" means the Securities Exchange Act of
  1934, as amended.

 "Fair Market Value" means the per share value of the
  Common Stock determined as follows: (a) if the Common Stock is listed on an
  established stock exchange or exchanges or the NASDAQ National Market, the closing
  price per share for the ten trading days immediately preceding such date on
  the principal exchange on which it is traded or as reported by NASDAQ; (b) if
  the Common Stock is not then listed on an exchange or the NASDAQ National Market,
  but is quoted on the NASDAQ Small Cap Market, the NASD electronic bulletin board
  or the National Quotation Bureau pink sheets, the average of the closing bid
  and asked prices per share for the Common Stock as quoted by NASD or the National
  Quotation Bureau, as the case may be, for the ten trading days immediately preceding
  such date; or (c) if there is no such reported market for the Common Stock for
  the date in question, then an amount determined in good faith by the Plan Administrator.

 "Grant Date" means the date on which the Plan Administrator
  completes the corporate action relating to the grant of an Award or such later
  date specified by the Plan Administrator, and on which all conditions precedent
  to the grant have been satisfied, provided that conditions to the exercisability
  or vesting of Awards shall not defer the Grant Date.

 "Incentive Stock Option" means an Option granted with
  the intention, as reflected in the instrument evidencing the Option, that it
  qualify as an "incentive stock option" as that term is defined in Section 422
  of the Code.

 "Nonqualified Stock Option" means an Option other than
  an Incentive Stock Option. 

"Option" means the right to purchase Common Stock granted
  under Article 7. 

"Option Expiration Date" has the meaning set forth in
  Article 7.6.

 "Option Term" has the meaning set forth in Article
  7.3.

 "Participant" means the person to whom an Award is
  granted and who meets the eligibility requirements imposed by Article 5, including
  Consultant Participants, as defined in Article 5.

 "Plan Administrator" has the meaning set forth in Article
  3.1.

 2

 "Related Company" means any entity that, directly or
  indirectly, is in control of or is controlled by the Company.

 "Related Party Transaction" means: (a) a merger or
  consolidation of the Company in which the holders of shares of Common Stock
  immediately prior to the merger hold at least a majority of the shares of Common
  Stock in the Successor Corporation immediately after the merger; (b) a sale,
  lease, exchange or other transaction in one transaction or a series of related
  transactions of all or substantially all the Company's assets to a wholly-owned
  subsidiary corporation; (c) a mere reincorporation of the Company; or (d) a
  transaction undertaken for the sole purpose of creating a holding company that
  will be owned in substantially the same proportion by the persons who held the
  Company's securities immediately before such transaction.

 "Retirement," unless otherwise defined by the
  Plan Administrator from time to time for purposes of the Plan, means retirement
  on or after the individual's normal retirement date under the Company's 401(k)
  plan or other similar successor plan applicable to salaried employees.

 "Securities Act" means the Securities Act of 1933,
  as amended.

 "Successor Corporation" has the meaning set forth in
  Article 11.3(a) .

 "Vesting Commencement Date" means the Grant Date or
  such other date selected by the Plan Administrator as the date from which the
  Option begins to vest for purposes of Article 7.4.

 ARTICLE 3. 

  ADMINISTRATION

 3.1      Plan Administrator 

 The Plan shall be administered by the Board or a committee
  appointed by, and consisting of two or more members of, the Board (the "Plan
  Administrator"). If and so long as the Common Stock is registered under Section
  12(b) or 12(g) of the Exchange Act, the Board shall consider in selecting the
  members of any committee acting as Plan Administrator, with respect to any persons
  subject or likely to become subject to Section 16 of the Exchange Act, the provisions
  regarding (a) "outside directors" as contemplated by Section 162(m) of the Code
  and (b) "non-employee directors" as contemplated by Rule 16b-3 under the Exchange
  Act. Committee members shall serve for such term as the Board may determine,
  subject to removal by the Board at any time. At any time when no committee has
  been appointed to administer the Plan, then the Board will be the Plan Administrator.

 3.2      Administration and Interpretation
  by Plan Administrator  

 Except for the terms and conditions explicitly set forth in
  the Plan, the Plan Administrator shall have exclusive authority, in its discretion,
  to determine all matters relating to Awards under the Plan, including the selection
  of individuals to be granted Awards, the type of Awards, the number of shares
  of Common Stock subject to an Award, all terms, conditions, restrictions and
  limitations, if any, of an Award and the terms of any instrument that evidences
  the Award. The Plan Administrator shall also have exclusive authority to interpret
  the Plan and the terms of any instrument evidencing the Award and may from time
  to time adopt and change rules and regulations of general application for the
  Plan's administration. The Plan Administrator's interpretation of the Plan and
  its rules and regulations, and all actions taken and determinations made by
  the Plan Administrator pursuant to the Plan, shall be conclusive and binding
  on all parties involved or affected. The Plan Administrator may delegate administrative
  duties to such of the Company's officers as it so determines.

 3

ARTICLE 4. 

  STOCK SUBJECT TO THE PLAN 

4.1       Authorized
  Number of Shares  

  

  Subject to adjustment from time to time as provided in Article 11.1, the number
  of shares of Common Stock available for issuance under the Plan shall be Ten 
  Million (10,000,000 ) shares. Shares issued under the Plan
  shall be drawn from authorized and unissued shares or shares now held or subsequently
  acquired by the Company as treasury shares. 

  

  4.2       Reuse of Shares 
  

  

  Any shares of Common Stock that have been made subject to an Award that cease
  to be subject to the Award (other than by reason of exercise or settlement of
  the Award to the extent it is exercised for or settled in shares) shall again
  be available for issuance in connection with future grants of Awards under the
  Plan. In the event shares issued under the Plan are reacquired by the Company
  pursuant to any forfeiture provision or right of repurchase, such shares shall
  again be available for the purposes of the Plan; provided, however, that the
  maximum number of shares that may be issued upon the exercise of Incentive Stock
  Options shall equal the share number stated in Article 4.1, subject to adjustment
  from time to time as provided in Article 11.1; and provided, further, that for
  purposes of Article 4.3, any such shares shall be counted in accordance with
  the requirements of Section 162(m) of the Code.

  

  4.3       Limitations  

  

  Subject to adjustment from time to time as provided in Article 11.1, not more
  than an aggregate of 10,000,000 shares shall be available for issuance pursuant
  to grants of Options under the Plan. 

ARTICLE 5. 

  ELIGIBILITY 

 5.1       Plan Eligibility 
  

  

  An Award may be granted to any officer, director or employee of the Company
  or a Related Company that the Plan Administrator from time to time selects.
  An Award may also be granted to any consultant, agent, advisor or independent
  contractor who provides services to the Company or any Related Company (a “Consultant
  Participant”), so long as such Consultant Participant: (a) is a natural
  person or an alter ego entity of the natural person providing the services;
  (b) renders bona fide services that are not in connection with the offer and
  sale of the Company's securities in a capital-raising transaction; and (c) does
  not directly or indirectly promote or maintain a market for the Company's securities. 

 ARTICLE 6. 

  AWARDS 

6.1       Form and
  Grant of Awards  

  

  The Plan Administrator shall have the authority, in its sole discretion, to
  determine the type or types of Awards to be granted under the Plan. Awards may
  be granted singly or in combination. 

4

 6.2      Settlement of Awards  

 The Company may settle Awards through the delivery of shares
  of Common Stock, the granting of replacement Awards or any combination thereof
  as the Plan Administrator shall determine. Any Award settlement, including payment
  deferrals, may be subject to such conditions, restrictions and contingencies
  as the Plan Administrator shall determine. The Plan Administrator may permit
  or require the deferral of any Award payment, subject to such rules and procedures
  as it may establish, which may include provisions for the payment or crediting
  of interest, or dividend equivalents, including converting such credits into
  deferred stock equivalents.

 ARTICLE 7. 

  AWARDS OF OPTIONS 

 7.1      Grant of Options  

 The Plan Administrator shall have the authority, in its sole
  discretion, to grant Options as Incentive Stock Options or as Nonqualified Stock
  Options, which shall be appropriately designated.

 7.2      Option Exercise Price
   

 The exercise price for shares purchased under an Option shall
  be as determined by the Plan Administrator, provided that: 

	(a) 	the exercise price for Options granted to Participants
        other than Consultant Participants but shall not be less than the minimum
        exercise price required by Article 8.3 with respect to Incentive Stock
        Options and shall not be less than 85% of the Fair Market Value of the
        Common Stock on the Grant Date with respect to Nonqualified Stock Options;
      

	 	 
	(b) 	the exercise price for Options granted to Consultant
        Participants shall not be less than 85% of the Fair Market Value of the
        Common Stock on the Grant Date. 

7.3      Term of Options  

 Subject to earlier termination in accordance with the terms
  of the Plan and the instrument evidencing the Option, the maximum term of an
  Option (the "Option Term") shall be as established for that Option by the Plan
  Administrator or, if not so established, shall be ten years from the Grant Date.

 7.4      Exercise of Options 

 The Plan Administrator shall establish and set forth in each
  instrument that evidences an Option the time at which, or the installments in
  which, the Option shall vest and become exercisable, any of which provisions
  may be waived or modified by the Plan Administrator at any time.

 The Plan Administrator, in its sole discretion, may adjust
  the vesting schedule of an Option held by a Participant who works less than
  "full-time" as that term is defined by the Plan Administrator or who takes a
  Company-approved leave of absence.

 To the extent an Option has vested and become exercisable,
  the Option may be exercised in whole or from time to time in part by delivery
  to the Company of a written stock option exercise agreement or notice, in a
  form and in accordance with procedures established by the Plan Administrator,
  setting forth the number of shares with respect to which the Option is being
  exercised, the restrictions imposed on the shares purchased under such exercise
  agreement, if any, and such representations and agreements as may be required
  by the Plan Administrator, accompanied by payment in full as 

 5

 described in Article 7.5. An Option may be exercised only
  for whole shares and may not be exercised for less than a reasonable number
  of shares at any one time, as determined by the Plan Administrator.

 7.5      Payment of Exercise Price
   

 The exercise price for shares purchased under an Option shall
  be paid in full to the Company by delivery of consideration equal to the product
  of the Option exercise price and the number of shares purchased. Such consideration
  must be paid before the Company will issue the shares being purchased and must
  be in a form or a combination of forms acceptable to the Plan Administrator
  for that purchase, which forms may include:

	 (a)      	 cash; 
	 
	 (b)      	 check; 
	 
	 (c)      	 tendering (either actually or, if the Common Stock
        is registered under Section 12(b) or 12(g) of the Exchange Act, by attestation)
        shares of Common Stock already owned by the Participant for at least six
        months (or any shorter period necessary to avoid a charge to the Company's
        earnings for financial reporting purposes) that on the day prior to the
        exercise date have a Fair Market Value equal to the aggregate exercise
        price of the shares being purchased under the Option; or 

	 
	 (d)      	 if the Common Stock is registered under Section
        12(b) or 12(g) of the Exchange Act, delivery of a properly executed exercise
        notice, together with irrevocable instructions to a brokerage firm designated
        by the Company to deliver promptly to the Company the aggregate amount
        of sale or loan proceeds to pay the Option exercise price and any withholding
        tax obligations that may arise in connection with the exercise, all in
        accordance with the regulations of the Federal Reserve Board. 

 7.6      Post-Termination Exercises  

 The Plan Administrator shall establish and set forth in each
  instrument that evidences an Option whether the Option shall continue to be
  exercisable, and the terms and conditions of such exercise, if the Participant
  ceases to be employed by, or to provide services to, the Company or a Related
  Company, which provisions may be waived or modified by the Plan Administrator
  at any time. If not so established in the instrument evidencing the Option,
  the Option shall be exercisable according to the following terms and conditions,
  which may be waived or modified by the Plan Administrator at any time:

	 (a)      	 Except as otherwise set forth in this
        Article 7.6, any portion of an Option that is not vested and exercisable
        on the Employment Termination Date shall expire on such date. 

	 
	 (b)      	 Any portion of an Option that is vested
        and exercisable on the Employment Termination Date shall expire on the
        earliest to occur of: 

	 
	 	 (i)     
      
	 if the Participant's Employment Termination Date
        occurs for reasons other than Cause, Retirement, Disability or death,
        the day which is three months after such Employment Termination Date;
      

	 
	 	 (ii)      
	 if the Participant's Employment Termination Date
        occurs by reason of Retirement, Disability or death, the one-year anniversary
        of such Employment Termination Date; and 

	 
	 	 (iii)      
	 the last day of the Option Term (the "Option Expiration
        Date"). 

 6

 

	 	 Notwithstanding the foregoing, if the Participant
        dies after his or her Employment Termination Date but while an Option
        is otherwise exercisable, the portion of the Option that is vested and
        exercisable on such Employment Termination Date shall expire upon the
        earlier to occur of: (A) the Option Expiration Date, and (B) the one-year
        anniversary of the date of death, unless the Plan Administrator determines
        otherwise. 

	 
	 	 Also notwithstanding the foregoing, in case of termination
        of the Participant's employment or service relationship for Cause, all
        Options granted to that Participant shall automatically expire upon first
        notification to the Participant of such termination, unless the Plan Administrator
        determines otherwise. If a Participant's employment or service relationship
        with the Company is suspended pending an investigation of whether the
        Participant shall be terminated for Cause, all the Participant's rights
        under any Option shall likewise be suspended during the period of investigation.
        If any facts that would constitute termination for Cause are discovered
        after the Participant's relationship with the Company or a Related Company
        has ended, any Option then held by the Participant may be immediately
        terminated by the Plan Administrator, in its sole discretion. 

	 
	 (c)      	 A Participant's transfer of employment or service
        relationship between or among the Company and any Related Company, or
        a change in status from an employee to a consultant, agent, advisor or
        independent contractor or a change in status from a consultant, agent,
        advisor or independent contractor to an employee, shall not be considered
        a termination of employment or service relationship for purposes of this
        Article 7. Unless the Plan Administrator determines otherwise, a termination
        of employment or service relationship shall be deemed to occur if a Participant's
        employment or service relationship is with an entity that has ceased to
        be a Related Company. 

	 
	 (d)      	 The effect of a Company-approved leave of absence
        on the application of this Article 7 shall be determined by the Plan Administrator,
        in its sole discretion. 

	 
	 (e)      	 If a Participant's employment or service relationship
        with the Company or a Related Company terminates by reason of Disability
        or death, the Option shall become fully vested and exercisable for all
        the shares subject to the Option. Such Option shall remain exercisable
        for the time period set forth in this Article 7.6. 

 ARTICLE 8.

  INCENTIVE STOCK OPTION LIMITATIONS  

 Notwithstanding any other provisions of the Plan, and to the
  extent required by Section 422 of the Code, Incentive Stock Options shall be
  subject to the following additional terms and conditions:

 8.1      Dollar Limitation 

 To the extent the aggregate Fair Market Value (determined
  as of the Grant Date) of Common Stock with respect to which Incentive Stock
  Options are exercisable for the first time during any calendar year (under the
  Plan and all other stock option plans of the Company) exceeds $100,000,
  such portion in excess of $100,000 shall be treated as a Nonqualified Stock
  Option. In the event the Participant holds two or more such Options that become
  exercisable for the first time in the same calendar year, such limitation shall
  be applied on the basis of the order in which such Options are granted.

 7

 8.2      Eligible Employees 

 Individuals who are not employees of the Company or one of
  its parent corporations or subsidiary corporations may not be granted Incentive
  Stock Options.

 8.3      Exercise Price  

 The exercise price of an Incentive Stock Option shall be at
  least 100% of the Fair Market Value of the Common Stock on the Grant Date, and
  in the case of an Incentive Stock Option granted to a Participant who owns more
  than 10% of the total combined voting power of all classes of the stock of the
  Company or of its parent or subsidiary corporations (a "Ten Percent Stockholder"),
  shall not be less than 110% of the Fair Market Value of the Common Stock on
  the Grant Date. The determination of more than 10% ownership shall be made in
  accordance with Section 422 of the Code.

 8.4      Exercisability  

 An Option designated as an Incentive Stock Option shall cease
  to qualify for favorable tax treatment as an Incentive Stock Option to the extent
  it is exercised (if permitted by the terms of the Option) (a) more than three
  months after the Employment Termination Date if termination was for reasons
  other than death or disability, (b) more than one year after the Employment
  Termination Date if termination was by reason of disability, or (c) after the
  Participant has been on leave of absence for more than 90 days, unless the Participant's
  reemployment rights are guaranteed by statute or contract.

 8.5     Taxation of Incentive
  Stock Options  

 In order to obtain certain tax benefits afforded to Incentive
  Stock Options under Section 422 of the Code, the Participant must hold the shares
  acquired upon the exercise of an Incentive Stock Option for two years after
  the Grant Date and one year after the date of exercise. A Participant may be
  subject to the alternative minimum tax at the time of exercise of an Incentive
  Stock Option. The Participant shall give the Company prompt notice of any disposition
  of shares acquired on the exercise of an Incentive Stock Option prior to the
  expiration of such holding periods.

 8.6      Code Definitions 

 For the purposes of this Article 8, "parent corporation",
  "subsidiary corporation" and "disability" shall have the meanings attributed
  to those terms for purposes of Section 422 of the Code.

 ARTICLE 9. 

  WITHHOLDING  

 9.1      General  

 The Company may require the Participant to pay to the Company
  the amount of any taxes that the Company is required by applicable federal,
  state, local or foreign law to withhold with respect to the grant, vesting or
  exercise of an Award. The Company shall not be required to issue any shares
  Common Stock under the Plan until such obligations are satisfied.

 9.2      Payment of Withholding
  Obligations in Cash or Shares  

 The Plan Administrator may permit or require a Participant
  to satisfy all or part of his or her tax withholding obligations by: (a) paying
  cash to the Company, (b) having the Company withhold from any cash amounts otherwise
  due or to become due from the Company to the Participant, (c) having 

 8

 the Company withhold a portion of any shares of Common Stock
  that would otherwise be issued to the Participant having a value equal to the
  tax withholding obligations (up to the employer's minimum required tax withholding
  rate), or (d) surrendering any shares of Common Stock that the Participant previously
  acquired having a value equal to the tax withholding obligations (up to the
  employer's minimum required tax withholding rate to the extent the Participant
  has held the surrendered shares for less than six months).

 ARTICLE 10. 

  ASSIGNABILITY

 10.1     Assignment 

 Neither an Award nor any interest therein may be assigned,
  pledged or transferred by the Participant or made subject to attachment or similar
  proceedings other than by will or by the applicable laws of descent and distribution,
  and, during the Participant's lifetime, such Awards may be exercised only by
  the Participant. Notwithstanding the foregoing, and to the extent permitted
  by Section 422 of the Code, the Plan Administrator, in its sole discretion,
  may permit a Participant to assign or transfer an Award or may permit a Participant
  to designate a beneficiary who may exercise the Award or receive payment under
  the Award after the Participant's death; provided, however, that any Award so
  assigned or transferred shall be subject to all the terms and conditions of
  the Plan and those contained in the instrument evidencing the Award.

 ARTICLE 11. 

  ADJUSTMENTS

 11.1     Adjustment of Shares  

 In the event, at any time or from time to time, a stock dividend,
  stock split, spin-off, combination or exchange of shares, recapitalization,
  merger, consolidation, distribution to stockholders other than a normal cash
  dividend, or other change in the Company's corporate or capital structure, including,
  without limitation, a Related Party Transaction, results in: (a) the outstanding
  shares of Common Stock, or any securities exchanged therefor or received in
  their place, being exchanged for a different number or kind of securities of
  the Company or of any other corporation, or (b) new, different or additional
  securities of the Company or of any other corporation being received by the
  holders of shares of Common Stock of the Company, then the Plan Administrator
  shall make proportional adjustments in: (i) the maximum number and kind of securities
  subject to the Plan and issuable as Incentive Stock Options as set forth in
  Article 4 and the maximum number and kind of securities that may be made subject
  to Awards to any individual as set forth in Article 4.3, and (ii) the number
  and kind of securities that are subject to any outstanding Award and the per
  share price of such securities, without any change in the aggregate price to
  be paid therefor. The determination by the Plan Administrator as to the terms
  of any of the foregoing adjustments shall be conclusive and binding. Notwithstanding
  the foregoing, a dissolution or liquidation of the Company or a Corporate Transaction
  shall not be governed by this Article 11.1 but shall be governed by Articles
  11.2 and 11.3, respectively.

 11.2     Dissolution or Liquidation  

 To the extent not previously exercised or settled, and unless
  otherwise determined by the Plan Administrator in its sole discretion, Options
  denominated in units shall terminate immediately prior to the dissolution or
  liquidation of the Company. To the extent a forfeiture provision or repurchase
  right applicable to an Award has not been waived by the Plan Administrator,
  the Award shall be forfeited immediately prior to the consummation of the dissolution
  or liquidation.

 9

 11.3     Corporate Transaction  

Options  

	 (a)      	 In the event of a Corporate Transaction, except
        as otherwise provided in the instrument evidencing an Option (or in a
        written employment or services agreement between a Participant and the
        Company or Related Company) and except as provided in subsection (b) below,
        each outstanding Option shall be assumed or an equivalent option or right
        substituted by the surviving corporation, the successor corporation or
        its parent corporation, as applicable (the "Successor Corporation"). 

	 
	 (b)      	 If, in connection with a Corporate Transaction,
        the Successor Corporation refuses to assume or substitute for an Option,
        then each such outstanding Option shall become fully vested and exercisable
        with respect to 100% of the unvested portion of the Option. In such case,
        the Plan Administrator shall notify the Participant in writing or electronically
        that the unvested portion of the Option specified above shall be fully
        vested and exercisable for a specified time period. At the expiration
        of the time period, the Option shall terminate, provided that the Corporate
        Transaction has occurred. 

	 
	 (c)      	 For the purposes of this Article 11.3, the Option
        shall be considered assumed or substituted for if following the Corporate
        Transaction the option or right confers the right to purchase or receive,
        for each share of Common Stock subject to the Option immediately prior
        to the Corporate Transaction, the consideration (whether stock, cash,
        or other securities or property) received in the Corporate Transaction
        by holders of Common Stock for each share held on the effective date of
        the transaction (and if holders were offered a choice of consideration,
        the type of consideration chosen by the holders of a majority of the outstanding
        shares); provided, however, that if such consideration received in the
        Corporate Transaction is not solely common stock of the Successor Corporation,
        the Plan Administrator may, with the consent of the Successor Corporation,
        provide for the consideration to be received upon the exercise of the
        Option, for each share of Common Stock subject thereto, to be solely common
        stock of the Successor Corporation substantially equal in fair market
        value to the per share consideration received by holders of Common Stock
        in the Corporate Transaction. The determination of such substantial equality
        of value of consideration shall be made by the Plan Administrator and
        its determination shall be conclusive and binding. 

	 
	 (d)      	 All Options shall terminate and cease to remain
        outstanding immediately following the Corporate Transaction, except to
        the extent assumed by the Successor Corporation. 

 11.4     Further Adjustment of Awards  

 Subject to Articles 11.2 and 11.3, the Plan Administrator
  shall have the discretion, exercisable at any time before a sale, merger, consolidation,
  reorganization, liquidation or change of control of the Company, as defined
  by the Plan Administrator, to take such further action as it determines to be
  necessary or advisable, and fair and equitable to the Participants, with respect
  to Awards. Such authorized action may include (but shall not be limited to)
  establishing, amending or waiving the type, terms, conditions or duration of,
  or restrictions on, Awards so as to provide for earlier, later, extended or
  additional time for exercise, lifting restrictions and other modifications,
  and the Plan Administrator may take such actions with respect to all Participants,
  to certain categories of Participants or only to individual Participants. The
  Plan Administrator may take such action before or after granting Awards to which
  the action relates and before or after any public announcement with respect
  to such sale, merger, consolidation, reorganization, liquidation or change of
  control that is the reason for such action.

 10

 11.5     Limitations  

 The grant of Awards shall in no way affect the Company's right
  to adjust, reclassify, reorganize or otherwise change its capital or business
  structure or to merge, consolidate, dissolve, liquidate or sell or transfer
  all or any part of its business or assets.

 11.6     Fractional Shares 

 In the event of any adjustment in the number of shares covered
  by any Award, each such Award shall cover only the number of full shares resulting
  from such adjustment.

 ARTICLE 12.

  AMENDMENT AND TERMINATION  

 12.1     Amendment or Termination of Plan 

 The Board may suspend, amend or terminate the Plan or any
  portion of the Plan at any time and in such respects as it shall deem advisable;
  provided, however, that to the extent required for compliance with Section 422
  of the Code or any applicable law or regulation, stockholder approval shall
  be required for any amendment that would: (a) increase the total number of shares
  available for issuance under the Plan, (b) modify the class of employees eligible
  to receive Options, or (c) otherwise require stockholder approval under any
  applicable law or regulation. Any amendment made to the Plan that would constitute
  a "modification" to Incentive Stock Options outstanding on the date of such
  amendment shall not, without the consent of the Participant, be applicable to
  such outstanding Incentive Stock Options but shall have prospective effect only.

 12.2     Term of Plan  

 Unless sooner terminated as provided herein, the Plan shall
  terminate ten years after the earlier of the Plan's adoption by the Board and
  approval by the stockholders.

 12.3     Consent of Participant  

 The suspension, amendment or termination of the Plan or a
  portion thereof or the amendment of an outstanding Award shall not, without
  the Participant's consent, materially adversely affect any rights under any
  Award theretofore granted to the Participant under the Plan. Any change or adjustment
  to an outstanding Incentive Stock Option shall not, without the consent of the
  Participant, be made in a manner so as to constitute a "modification" that would
  cause such Incentive Stock Option to fail to continue to qualify as an Incentive
  Stock Option. Notwithstanding the foregoing, any adjustments made pursuant to
  Article 11 shall not be subject to these restrictions.

 ARTICLE 13. 

  GENERAL  

 13.1     Evidence of Awards  

 Awards granted under the Plan shall be evidenced by a written
  instrument that shall contain such terms, conditions, limitations and restrictions
  as the Plan Administrator shall deem advisable and that are not inconsistent
  with the Plan.

 11

 13.2     No Individual Rights
   

 Nothing in the Plan or any Award granted under the Plan shall
  be deemed to constitute an employment contract or confer or be deemed to confer
  on any Participant any right to continue in the employ of, or to continue any
  other relationship with, the Company or any Related Company or limit in any
  way the right of the Company or any Related Company to terminate a Participant's
  employment or other relationship at any time, with or without Cause.

 13.3     Issuance of Shares 

 Notwithstanding any other provision of the Plan, the Company
  shall have no obligation to issue or deliver any shares of Common Stock under
  the Plan or make any other distribution of benefits under the Plan unless, in
  the opinion of the Company's counsel, such issuance, delivery or distribution
  would comply with all applicable laws (including, without limitation, the requirements
  of the Securities Act), and the applicable requirements of any securities exchange
  or similar entity.

 The Company shall be under no obligation to any Participant
  to register for offering or resale or to qualify for exemption under the Securities
  Act, or to register or qualify under state securities laws, any shares of Common
  Stock, security or interest in a security paid or issued under, or created by,
  the Plan, or to continue in effect any such registrations or qualifications
  if made. The Company may issue certificates for shares with such legends and
  subject to such restrictions on transfer and stop-transfer instructions as counsel
  for the Company deems necessary or desirable for compliance by the Company with
  federal and state securities laws.

 To the extent the Plan or any instrument evidencing an Award
  provides for issuance of stock certificates to reflect the issuance of shares
  of Common Stock, the issuance may be effected on a noncertificated basis, to
  the extent not prohibited by applicable law or the applicable rules of any stock
  exchange.

 13.4     No Rights as a Stockholder
   

 No Option denominated in units shall entitle the Participant
  to any cash dividend, voting or other right of a stockholder unless and until
  the date of issuance under the Plan of the shares that are the subject of such
  Award.

 13.5     Compliance With Laws
  and Regulations  

 Notwithstanding anything in the Plan to the contrary, the
  Plan Administrator, in its sole discretion, may bifurcate the Plan so as to
  restrict, limit or condition the use of any provision of the Plan to Participants
  who are officers or directors subject to Section 16 of the Exchange Act without
  so restricting, limiting or conditioning the Plan with respect to other Participants.
  Additionally, in interpreting and applying the provisions of the Plan, any Option
  granted as an Incentive Stock Option pursuant to the Plan shall, to the extent
  permitted by law, be construed as an "incentive stock option" within the meaning
  of Section 422 of the Code.

 13.6     Participants in Other
  Countries  

 The Plan Administrator shall have the authority to adopt such
  modifications, procedures and subplans as may be necessary or desirable to comply
  with provisions of the laws of other countries in which the Company or any Related
  Company may operate to assure the viability of the benefits from Awards granted
  to Participants employed in such countries and to meet the objectives of the
  Plan.

 12

 13.7     No Trust or Fund 

 The Plan is intended to constitute an "unfunded" plan. Nothing
  contained herein shall require the Company to segregate any monies or other
  property, or shares of Common Stock, or to create any trusts, or to make any
  special deposits for any immediate or deferred amounts payable to any Participant,
  and no Participant shall have any rights that are greater than those of a general
  unsecured creditor of the Company.

 13.8     Severability  

 If any provision of the Plan or any Award is determined to
  be invalid, illegal or unenforceable in any jurisdiction, or as to any person,
  or would disqualify the Plan or any Award under any law deemed applicable by
  the Plan Administrator, such provision shall be construed or deemed amended
  to conform to applicable laws, or, if it cannot be so construed or deemed amended
  without, in the Plan Administrator's determination, materially altering the
  intent of the Plan or the Award, such provision shall be stricken as to such
  jurisdiction, person or Award, and the remainder of the Plan and any such Award
  shall remain in full force and effect.

 13.9     Choice of Law  

 The Plan and all determinations made and actions taken pursuant
  hereto, to the extent not otherwise governed by the laws of the United States,
  shall be governed by the laws of the State of Nevada without giving effect to
  principles of conflicts of law.

 ARTICLE 14. 

  EFFECTIVE DATE  

 14.1     Effective Date of Plan 

 The effective date is the date on which the Plan is adopted
  by the Board. If the stockholders of the Company do not approve the Plan within
  12 months after the Board's adoption of the Plan, any Incentive Stock Options
  granted under the Plan will be treated as Nonqualified Stock Options.

 13

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