Document:

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                                                                    Exhibit 10.1

                     SPARKLING SPRING WATER HOLDINGS LIMITED
                                STOCK OPTION PLAN
                       (AMENDED AND RESTATED JUNE 6, 2002)

                                   ARTICLE 1
                                PURPOSE OF PLAN

1.1   The purpose of the Plan is to encourage directors, officers, key employees
and other individuals designated by the Board to participate in the growth and
development of the Company and its Subsidiaries by providing such persons with
the opportunity, through share options, to acquire an increased proprietary
interest in the Company.

                                   ARTICLE 2
                                 DEFINED TERMS

2.1   Where used herein, the following terms shall have the following meanings,
respectively:

      (a)   "AFFILIATE" means, with respect to any corporation, any other
            corporation which directly or indirectly controls or is controlled
            by or is under direct or indirect common control with such first
            mentioned corporation or any corporation which is directly or
            indirectly controlled by a corporation which controls the first
            mentioned corporation. For the purpose of this definition "control"
            or "controlled" means, with respect to any corporation, the
            ownership of such of the voting shares of such corporation as are
            sufficient to elect a majority of the board of directors;

      (b)   "BOARD" means the board of directors of the Company;

      (c)   "BUSINESS DAY" means any day, other than a Saturday, Sunday or a
            federal or provincial statutory holiday, on which the Company is
            open for business in Canada;

      (d)   "CHANGE OF CONTROL" means:

            (i)   any sale or reorganization, whether by amalgamation,
                  arrangement or otherwise, whereby any third party other than
                  John Krediet, Clairvest Group Inc., Egeria B.V., Janivo
                  Holding B.V. or the management and directors of the Company
                  becomes the beneficial owner of more than 85% of the Common
                  Shares; or

            (ii)  a transfer of all or substantially all of the assets of the
                  Company or its Subsidiaries, taken as a whole, to any person
                  or group other than an Affiliate of the Company; or

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                                      - 2 -

            (iii) where the Board, acting in good faith, otherwise determines
                  there has been a Change of Control;

      (e)   "COMMON SHARES" means Common Shares without nominal or par value in
            the capital stock of the Company, or, in the event of an adjustment
            contemplated by Article VIII hereof, such other shares or securities
            to which an Optionee may be entitled upon the exercise of an Option
            as a result of such adjustment;

      (f)   "COMPANY" means Sparkling Spring Water Holdings Limited, and
            includes any successor company thereto;

      (g)   "ELIGIBLE PERSON" means any officer, director or full-time employee
            of the Company or any of its Affiliates, or any individual who, as
            consultant, advisor or independent contractor, provides services to
            the Company or any of its Affiliates, so long as such individual (a)
            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 (b) does not directly or indirectly promote or
            maintain a market for the Company's securities;

      (h)   "EXCHANGE ACT" means the United States Securities Exchange Act of
            1934, as amended;

      (i)   "MARKET PRICE" means, as of any date, the value of Common Shares
            determined as follows:

            (i)   if the Common Shares are listed on any established stock
                  exchange or a national market system, including without
                  limitation the Nasdaq National Market or The Nasdaq SmallCap
                  Market of The Nasdaq Stock Market, the Market Price of a
                  Common Share shall be the closing sales price for such Common
                  Shares (or the closing bid, if no sales were reported) as
                  quoted on such exchange or system on the date of
                  determination, as reported in The Wall Street Journal or such
                  other source as the Board deems reliable;

            (ii)  if the Common Shares are regularly quoted by a recognized
                  securities dealer but selling prices are not reported, the
                  Market Price of a Common Share shall be the mean between the
                  high bid and low asked prices for the Common Shares on the
                  date of determination, as reported in The Wall Street Journal
                  or such other source as the Board deems reliable;

            (iii) in the absence of an established market for the Common Shares,
                  the Market Price shall be the fair market value of Common
                  Shares as determined by the Board acting reasonably and in
                  good faith, taking into account prices for recent issues and
                  transfers of Common Shares;

      (j)   "OPTION" means an option to purchase Common Shares granted under the
            Plan;

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                                      - 3 -

      (k)   "OPTION AGREEMENT" mean an option agreement between the Company and
            an Optionee in the form attached as Schedule "A", as amended by the
            Board from time to time, on terms and conditions not inconsistent
            with this Plan;

      (l)   "OPTION PRICE" means the price per share at which Common Shares may
            be purchased under the Option, as the same may be adjusted from time
            to time in accordance with Article VIII hereof;

      (m)   "OPTIONEE" means an Eligible Person to whom an Option has been
            granted;

      (n)   "PLAN" means the Sparkling Spring Water Holdings Limited Stock
            Option Plan, as embodied herein, as the same may be amended or
            varied from time to time;

      (o)   "SUBSIDIARY" means any company that is wholly-owned, directly or
            indirectly, by the Company.

                                   ARTICLE 3
                           ADMINISTRATION OF THE PLAN

3.1   The Plan shall be administered by the Board.

3.2   The Board shall have the power, where consistent with the general purpose
and intent of the Plan and subject to the specific provisions of the Plan:

      (a)   to establish policies and to adopt rules and regulations for
            carrying out the purposes, provisions and administration of the
            Plan;

      (b)   to interpret and construe the Plan and to determine all questions
            arising out of the Plan and any Option granted pursuant to the Plan,
            and any such interpretation, construction or determination made by
            the Board shall be final, binding and conclusive for all purposes;

      (c)   to determine to which Eligible Persons Options are granted and to
            grant Options;

      (d)   to determine the number of Common Shares covered by each Option;

      (e)   to determine the Option Price;

      (f)   to determine the time or times when Options will be granted; to
            determine the time and other conditions when such Options shall vest
            in the Optionee; and to determine the time when such Options shall
            be exercisable;

      (g)   to determine if the Common Shares that are subject to an Option will
            be subject to any restrictions upon the exercise of such Option, and

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      (h)   to allow Optionees to satisfy withholding tax obligations by
            electing to have the Company withhold from the Common Shares to be
            issued upon exercise of an Option that number of Common Shares
            having a Market Price equal to the amount required to be withheld
            (but not more than the amount required to be withheld). The Market
            Price of the Common Shares to be withheld shall be determined on the
            date that the amount of tax to be withheld is to be determined. All
            elections by an Optionee to have Common Shares withheld for this
            purpose shall be made in such form and under such conditions as the
            Board may deem necessary or advisable; and

      (i)   to determine any and all terms and conditions in addition to (and
            not inconsistent with) those contained herein which are to be
            attached to any or all such Options and contained in the Option
            Agreement.

3.3   The Board may, subject to applicable law, delegate any of its powers
hereunder to a committee of the Board.

                                   ARTICLE 4
                             SHARES SUBJECT TO PLAN

4.1 Options may be granted in respect of authorized and unissued Common Shares,
provided that the aggregate number of Common Shares reserved for issuance under
this Plan, subject to adjustment or increase of such number pursuant to the
provisions of Article VIII hereof, together with any Common Shares reserved for
issuance under any options for services or employee stock purchase or stock
option plans or any other plans, shall not exceed 1,837,464 Common Shares, or
such greater number of Common Shares as may be determined by the Board. Common
Shares in respect of which Options are not exercised shall be available for
subsequent Options under the Plan. No fractional Common Shares may be purchased
or issued under the Plan.

                                   ARTICLE 5
                     ELIGIBILITY, GRANT AND TERMS OF OPTIONS

5.1   Options may be granted by the Board to Eligible Persons, from time to
time.

5.2   Subject as herein and as otherwise specifically provided for in this
Article V, the number of Common Shares subject to each Option, the Option Price,
the vesting date, the expiration date of each Option, the extent to which each
Option is exercisable from time to time during the term of the Option and other
terms and conditions relating to each such Option shall be determined by the
Board and be contained in the Option Agreement.

5.3   The Option Price on Common Shares that are the subject of any Option shall
in no circumstances be lower than the Market Price of the Common Shares at the
date of the grant of the Option.

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                                      - 5 -

5.4   Subject to the determination of the Board, the term of an Option may not
exceed 10 years from the date of the grant of the Option.

5.5   An Option is personal to the Optionee and is non-assignable and
non-transferable by the Optionee and, except in the case of an Optionee's death
or incapacity, shall be exercisable only by the Optionee.

5.6   The Company shall withhold from an Optionee's compensation or collect from
an Optionee and remit to the applicable taxing authorities an amount in cash
sufficient to satisfy all income tax withholding requirements under all
applicable legislation in connection with the grant of Options or the exercise
of Options, and the Company may refuse to honor an exercise and refuse to
deliver Common Shares if such withholding amounts are not delivered at the time
of exercise or on request by the Company.

5.7   Notwithstanding anything in the Plan to the contrary, the Board may grant
Options under the Plan in substitution for awards issued under other plans, or
assume under the Plan awards issued under other plans, if the other plans are or
were plans of other acquired entities ("Acquired Entities") (or the parent of an
Acquired Entity) and the new award is substituted, or the old award is assumed,
by reason of a merger, amalgamation, consolidation, acquisition of property or
shares, reorganization or liquidation (the "Acquisition Transaction"). In the
event that a written agreement pursuant to which the Acquisition Transaction is
completed is approved by the Board and said agreement sets forth the terms and
conditions of the substitution for or assumption of outstanding share options
granted by the Acquired Entity, said terms and conditions shall be deemed to be
the action of the Board without any further action by the Board, except as may
be required for compliance with the Exchange Act, and the persons holding such
awards shall be deemed to be Optionees.

                                   ARTICLE 6
                  TERMINATION OF EMPLOYMENT/DEATH/TAKEOVER BID

6.1   Subject to paragraph 6.2 hereof, and subject also to any express
resolution passed by the Board with respect to any particular Option, an Option
which has vested, and all rights to purchase Common Shares pursuant thereto,
shall expire on the earliest of the following:

      (a)   upon the death of an Optionee, on the 60th day following such death;

      (b)   if the Optionee is an officer, director or full time employee of the
            Company or any Affiliate, on the 30th day following the date the
            Optionee ceases to be an officer, director or full time employee;
            and

      (c)   on the 10th day following a Change of Control;

unless the Optionee, prior to the deadlines referred to above, exercises his
Option on the terms and conditions set out in this Plan, provided that if an
Optionee fails to exercise its Option prior

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                                      - 6 -

to such deadlines, such Options, and all rights to purchase Common Shares
pursuant thereto, shall terminate immediately upon the expiration of the above
deadlines. For greater certainty, the date upon which an Optionee "ceases" to be
an officer, director or full time employee shall be, in the case of an employee,
their last full day of work, or in the case of an officer or director, the date
upon which they resign or are removed from their position.

6.2   Notwithstanding anything else contained in this agreement, all Options
shall be deemed to have vested on the date of a Change of Control. Options which
have been deemed to have vested on the date of a Change of Control shall, for
the purposes only of paragraph 6.1(c), be exercisable in accordance with the
terms of this Plan, provided that in the event a Change of Control does not
occur, such Options shall revert to and be subject to the vesting schedule
originally imposed on such Options.

6.3   Options shall not be affected by any change of status of the Optionee or
by the Optionee ceasing to be an officer or director where the Optionee
continues to be employed on a full-time basis by, or continues to be an officer
or director of, the Company or any Affiliate of the Company.

                                   ARTICLE 7
                               EXERCISE OF OPTIONS

7.1   Subject to the provisions of the Plan, an Option may be exercised from
time to time by delivery to the Company at its registered office of a written
notice of exercise in the form attached as Schedule "B" addressed to the
Secretary of the Company specifying the number of Common Shares with respect to
which the Option is being exercised and accompanied by payment in full of the
Option Price of the Common Shares to be purchased in cash, by cheque or as
otherwise determined by the Board. Certificates for such Common Shares shall be
issued and delivered to the Optionee, (subject to the Option Agreement), within
a reasonable time following the receipt of such notice and payment.

7.2   Notwithstanding any of the provisions contained in the Plan or in any
Option, the Company's obligation to issue Common Shares to an Optionee pursuant
to the exercise of an Option shall be subject to:

      (a)   completion of such registration or other qualification of such
            Common Shares or obtaining approval of such governmental authority
            as the Company shall determine to be necessary or advisable in
            connection with the authorization, issuance or sale thereof;

      (b)   the admission of such Common Shares to listing on any stock exchange
            on which the Common Shares may then be listed;

      (c)   the receipt from the Optionee of such representations, agreements
            and undertakings, including as to future dealings in such Common
            Shares, as the

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                                      - 7 -

            Company or its counsel determines to be necessary or advisable in
            order to safeguard against the violation of the securities laws of
            any jurisdiction; and

      (d)   the execution by the Optionee of any other documents required by the
            Option Agreement, including, without restriction, a share transfer
            agreement and share pledge agreement.

In this connection the Company shall, to the extent necessary, take all
reasonable steps to obtain such approvals, registrations and qualifications as
may be necessary for the issuance of such Common Shares in compliance with
applicable securities laws and for the listing of such Common Shares on any
stock exchange on which the Common Shares are then listed.

7.3   In the event any of the following events occur prior to the vesting of an
Option (if such Option is subject to a vesting);

      (a)   the Optionee dies; or

      (b)   if the Optionee is an officer, director or full time employee of the
            Company, that Optionee ceases to be an officer, director or full
            time employee of the Company;

then the Option shall cease to be effective immediately upon the death or
termination (which shall be deemed to be the last day worked and shall expressly
not including any notice period after the last day worked by the Optionee), as
the case may be, and the Optionee, or its person representatives, will have no
further claim against the Company for compensation in respect of such Option.

                                   ARTICLE 8
                               CERTAIN ADJUSTMENTS

8.1   Appropriate adjustments in the number of Common Shares subject to the
Plan, and as regards Options granted or to be granted, in the number of Common
Shares optioned and in the Option Price, shall be made by the Board to give
effect to adjustments in the number of Common Shares of the Company resulting
from subdivisions, consolidations or reclassifications of the Common Shares of
the Company or the payment of stock dividends by the Company (other than
dividends in the ordinary course). Subject to the foregoing, and for greater
certainty, the Company shall be entitled to issue further Common Shares to any
person without triggering an adjustment to the Option, unless such Common Shares
issued are specifically created by the enumerated items in this paragraph 8.1.

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                                   ARTICLE 9
                       AMENDMENT OR DISCONTINUANCE OF PLAN

9.1   The Board may amend or discontinue the Plan at any time; provided,
however, that no such amendment may, without the consent of the Optionee,
materially alter or impair any Option previously granted to an Optionee under
the Plan.

                                   ARTICLE 10
                                 MARKET STANDOFF

10.1  In the event of an underwritten public offering by the Company of its
equity securities, including the Company's initial public offering, no person
may sell, make any short sale of, loan, hypothecate, pledge, grant any option
for the purchase of, or otherwise dispose of or transfer for value or otherwise
agree to engage in any of the foregoing transactions with respect to any shares
issued pursuant to an Option granted under the Plan without the prior written
consent of the Company or its underwriters. Such limitations shall be in effect
for such period of time as may be requested by the Company or such underwriters;
provided, however, that in no event shall such period exceed 180 days. The
limitations of this Article 10 shall in all events terminate two years after the
effective date of the Company's initial public offering.

10.2  In the event of any share split, subdivision of shares, stock dividend,
recapitalization, combination of shares, exchange of shares or other change
affecting the Company's outstanding Common Shares effected as a class without
the Company's receipt of consideration, any new, substituted or additional
securities distributed with respect to the purchased shares shall be immediately
subject to the provisions of this Article 10, to the same extent the purchased
shares are at such time covered by such provisions.

10.3  In order to enforce the limitations of this Article 10, the Company may
impose stop-transfer instructions with respect to the purchased shares until the
end of the applicable standoff period.

                                   ARTICLE 11
                            MISCELLANEOUS PROVISIONS

11.1  The holder of an Option shall not have any rights as a shareholder of the
Company with respect to any of the Common Shares covered by such Option until
such holder shall have exercised such Option in accordance with the terms of the
Plan (including tendering payment of the Option Price of the Common Shares in
respect of which the Option is being exercised) and the Company shall issue such
Common Shares to the Optionee in accordance with the terms of the Plan in those
circumstances.

11.2  Nothing in the Plan or any Option shall confer upon any Optionee who is an
employee of the Company, any right to continue in the employ of the Company or
any Affiliate of the Company or affect in any way the right of the Company or
any such Affiliate to terminate his

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                                      - 9 -

employment at any time; nor shall anything in the Plan or any Option be deemed
or construed to constitute an agreement, or an expression of intent, on the part
of the Company or any such Affiliate to extend the employment of any Optionee
beyond the time that he would normally be retired pursuant to the provisions of
any present or future retirement plan of the Company or any Affiliate or any
present or future retirement policy of the Company or any Affiliate, or beyond
the time at which he would otherwise be retired pursuant to the provisions of
any contract of employment with the Company or any Affiliate.

11.3  References herein to any gender include all genders.

                                   ARTICLE 12
                                 EFFECTIVE DATE

12.1  This Plan became effective upon establishment by the Board on August 31,
1998 and was approved by the shareholders of the Company on [________], 2002.

<PAGE>

                                  SCHEDULE "A"

                     SPARKLING SPRING WATER HOLDINGS LIMITED
                           EMPLOYEE STOCK OPTION PLAN
                                OPTION AGREEMENT

Sparkling Spring Water Holdings Limited (the "Company"), hereby grants to the
Optionee named below (the "Optionee"), an option (the "Option") to purchase, in
accordance with and subject to the terms, conditions and restrictions of this
Agreement together with the provisions of the Employee Stock Option Plan (the
"Plan"), of the Company, the number of common shares of the Company (the
"Shares") at the price per share set forth below:

<TABLE>
      <S>                                                <C>
      Name of Optionee:                                  _______________________________
      Date of Grant:                                     _______________________________
      Total Number of Shares Subject to Option:          _______________________________
      Exercise Price:                                    _______________________________
      Vesting Conditions (if none indicated, then
           Section 2(a) below applies):                  _______________________________
      Option Expiration Date:                            _______________________________
</TABLE>

1.    The terms and conditions of the Plan are hereby incorporated by reference
as terms and conditions of this Agreement and all capitalized terms used herein
shall, unless expressly defined in a different manner, have the meanings
ascribed thereto in the Plan.

2.    (a)   Unless otherwise determined by the Board at the time of granting an
Option, each option shall vest and be exercisable in installments of one-third
each on the first, second and third anniversaries of the date the Option is
granted.

      (b)   In no event shall the Option granted hereunder vest or be
exercisable after the Option Expiration Date noted above.

      (c)   No fractional Shares shall be issued on the exercise of the Option
granted hereunder. If, as a result of any adjustment to the number of Shares
issuable on the exercise of the Option granted hereunder pursuant to the Plan,
the Optionee would be entitled to receive a fractional Share, the Optionee shall
have the right to acquire only the adjusted number of full Shares and no Payment
or other adjustment will be made with respect to the fractional Shares so
disregarded.

3.    Each notice relating to the Option, including the exercise thereof, shall
be in writing. All notices to the Company shall be delivered personally or by
prepaid registered mail and shall be addressed to: Sparkling Spring Water
Holdings Limited, c/o Stewart McKelvey Stirling Scales, Purdy's Wharf Tower One,
Suite 900, 1959 Upper Water Street, P.O. Box 997, Halifax, NS, B3J 2X2,
Attention: Secretary. All notices to the Optionee shall be addressed to the
principal address of the Optionee on file with the Company. Either the Company
or the Optionee may designate a different address by written notice to the
other. Such notices shall be deemed to be received, if sent by fax or delivered
personally, on the date the fax is sent or the date of delivery, and if sent by
prepaid, registered mail, on the fifth (5th) business day following the date of
mailing. Any notice given by either the Optionee or the Company shall not be
binding on the recipient thereof until received as aforesaid.

4.    When the issuance of Shares on the exercise of the Option may, in the
opinion of the Company, conflict or be inconsistent with any applicable law or
regulation of any governmental agency having jurisdiction, the Company reserves
the right to refuse to issue such Shares for so long as such conflict or
inconsistency remains outstanding.

5.    Subject to the terms of the Plan, the Option granted pursuant to this
Agreement may only be exercised during the lifetime of the Optionee by the
Optionee personally and no assignment or transfer of the Option whether
voluntary, involuntary, by operation of law or otherwise, shall vest any
interest or right in such Option whatsoever in

<PAGE>

                                      - 2 -

any assignee or transferee, and immediately upon any assignment or transfer or
any attempt to make the same, the Option granted hereunder shall terminate and
be of no further force or effect.

6.    In consideration for the grant of the Option by the Company, the Optionee
hereby covenants and agrees that:

      (a)   any rule, regulation or determination, including the interpretation
by the Board of the Plan, the Option granted hereunder and the exercise thereof,
shall be final and conclusive for all purposes and binding on all persons
including the Company and the Optionee;

      (b)   the grant of the Option shall not affect in any way the right of
the Company or any Affiliated Company to terminate the employment of the
Optionee;

      (c)   until the date on which the initial registration of the Common
Shares under section 12(b) or 12(g) of the Exchange Act, first becomes
effective, the Optionee shall execute and deliver a share transfer agreement in
such form as approved by the Board from time to time prior to the issuance of
Shares which agreement shall restrict the transfer of Shares acquired by the
Optionee and provide for the Company's right to acquire Shares issued upon the
exercise of Options in certain circumstances;

      (d)   until the date on which the initial registration of the Common
Shares under section 12(b) or 12(g) of the Exchange Act, first becomes
effective, and if requested by the Board, the Optionee shall execute and
deliver a share pledge agreement in such form as approved by the Board from
time to time in favour of the lenders of the Company from time to time for the
purpose of securing loans to the Company. The Optionee shall only be required
to execute such share pledge in the event it is a covenant of the Company to
provide such share pledge in connection with any loan or other agreement with
any of its lenders from time to time; and

      (e)   the Optionee shall not, from the date of acceptance of this Option
Agreement and continuing for a period ending one year following the termination
for any reason of the Optionee's employment with the Company or any Affiliate of
the Company, either directly or indirectly, and whether through a company,
partnership or as an employee or representative of any other person or
otherwise, (i) approach or solicit any customer of the Company or of any
Affiliate of the Company for the purpose of providing to that customer services
or products which are similar to services or products offered by the Company or
any Affiliate of the Company on the date of termination of the Optionee's
employment with the Company or any Affiliate of the Company, or (ii) attempt to
direct any customer or potential customer away from the Company or of any
Affiliate of the Company, or (iii) establish, carry on, be engaged in, employed
by or be concerned with, or interested in, any business offering services or
products within any market served by the Company or any Affiliate of the Company
which are similar to services or products offered by the Company or any
Affiliate of the Company on the date of termination of the Optionee's employment
with the Company or any Affiliate of the Company, or (iv) advise, lend money to,
guaranty the debts or obligations of, or permit the Optionee's name to be used
in connection with, any person or persons, firm, association, syndicate or
corporation engaged in or concerned with or interested in any business offering
services or products within any market served by the Company or any Affiliate of
the Company which are similar to services or products offered by the Company or
any Affiliate of the Company on the date of termination of the Optionee's
employment with the Company or any Affiliate of the Company.

The Optionee agrees and acknowledges that the Company's obligation to issue
Shares to an Optionee pursuant to the exercise of an Option shall be subject to
the foregoing provisions and that the execution of the share transfer agreement
and share pledge agreement shall be a condition precedent in favour of the
Company to the issuance of such Shares.

7.    This Agreement is subject in all respect to the terms and conditions set
out in the Plan.

8.    This Agreement has been made in and shall be construed under and in
accordance with the laws of the Province of Nova Scotia and the laws of Canada
applicable therein.

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                                      - 3 -

9.    All reference to dollars shall be deemed to be to the lawful currency of
the United States of America.

                                         SPARKLING SPRING WATER HOLDINGS LIMITED

                                         By:
                                              ----------------------------------

I have read the foregoing Agreement and hereby accept the Option to purchase
Shares in accordance with and subject to the terms and conditions of such
Agreement and the Plan. I understand that I may review the complete text of the
Plan by contacting the Company. I agree to be bound by the terms and conditions
of the Plan governing the award made hereby and by the terms and conditions of
the Plan governing the award made hereby and by the actions of the Board in
respect thereof.

------------------------------             -------------------------------------
Date Accepted                              Optionee's Signature

------------------------------
Optionee's Name
(Please Print)

<PAGE>

                                  SCHEDULE "B"

                     SPARKLING SPRING WATER HOLDINGS LIMITED
                           EMPLOYEE STOCK OPTION PLAN
                                 EXERCISE NOTICE

      I, _________________________, of _______________ hereby exercise the
option to purchase ______________________ common shares (the "Shares") of
Sparkling Spring Water Holdings Limited (the "Company") at the purchase price of
____________ per Share.

This Exercise Notice is delivered in respect of the option to purchase
____________ Shares of the Company which was granted to me on ___________
pursuant to the Option Agreement entered into between the Company and me.

In connection with the foregoing, I enclose cash, a certified cheque, bank draft
or money order payable to the Company in the amount of $________________ in full
payment for the Shares to be received upon exercise of the Option.

--------------------                              ------------------------------
Date                                              Optionee's Signature<PAGE>
                                                                    Exhibit 10.2

     THIS MANAGEMENT AGREEMENT DATED AS OF THE 1ST DAY OF JANUARY, 2002

BETWEEN:

                  SPARKLING SPRING WATER HOLDINGS LIMITED

                  (hereinafter "SSW")

                                                         OF THE FIRST PART

                  AND

                  CF CAPITAL CORPORATION

                  (hereinafter "CF")

                                                        OF THE SECOND PART

                  AND

                  G. JOHN KREDIET

                  (hereinafter "Krediet")

                                                         OF THE THIRD PART

                  AND

                  K. DILLION SCHICKLI

                  (hereinafter "Schickli")

                                                        OF THE FOURTH PART

         WHEREAS CF has provided management services to SSW pursuant to a
management agreement originally dated December 16, 1993 and as amended and
restated January 12, 1996 (collectively the "Original Agreement").

         AND WHEREAS the parties hereto wish to terminate the Original Agreement
and enter into a new management agreement containing the terms and conditions
set out below.

         AND WHEREAS Krediet and Schickli are principals of CF.

<PAGE>
                                       2

         NOW THEREFORE IN CONSIDERATION of the premises and mutual covenants and
agreements herein contained and the sum of ten dollars ($10.00) now paid by each
of the parties to the other (the receipt and sufficiency whereof is hereby
acknowledged) the parties covenant and agree as follows:

1.       INTERPRETATION

1.1      Words importing the singular include the plural and vise versa and
words including gender include all genders.

1.2      Titles or headings contained herein are intended solely for
convenience, are not intended to be a full or accurate description of
the context thereof and shall not be considered part of this Agreement.

1.3      The Original Agreement is hereby terminated as of midnight December 31,
2001 and the parties hereto acknowledge and agree that all rights, obligations,
liabilities, and benefits arising from the Original Agreement are hereby
released and are of no further effect.

2.       MANAGEMENT SERVICES

2.1      CF agrees to provide management services to SSW, including, without
restricting the generality of the foregoing, managing the operations of SSW and
negotiating such contracts, financial arrangements and other arrangements and
performing such other services as may be directed from time to time by the Board
of Directors of SSW, and to conduct no other business.

2.2     The parties acknowledge nothing in this Agreement shall be
construed as a delegation of any of the duties or powers of the Board of
Directors of SSW to manage the business and affairs of SSW and all such powers
and duties, including the policy and decision making powers, are hereby
reserved.

2.3     SSW and CF agree that Krediet, as Chairman and Chief Executive
Officer, and Schickli, as President and Chief Operating Officer, shall be the
individuals who shall provide, on behalf of CF, the services to SSW described
above. Krediet shall devote the majority of his time and attention to the
affairs of SSW and ensure he uses his best efforts to promote the best interests
of SSW, and covenants and agrees that SSW shall be his principal business
interest; It being understood and acknowledged that, subject to Section 2.4
hereof, Krediet has and may continue to have other investments in which he
undertakes a passive function. Schickli shall devote his entire time and
attention during business hours to the affairs of SSW and shall use his best
efforts to promote the best interests of SSW; It being acknowledged that
Schickli currently and may continue to hold the office of a director of
companies including and other than SSW.

2.4     Neither CF, Krediet nor Schickli, shall, directly or indirectly,
pursue, participate, provide advice with respect to or have any interest in any
transaction involving the

<PAGE>
                                       3

manufacture, bottling, sale or distribution of bottled water unless such
participation or interest shall have been first authorized by the compensation
committee of SSW.

3.       FEES

3.1      In consideration of CF's services to SSW hereunder SSW agrees to pay to
         CF:

         BASE FEE:

         (a)      a base fee of one million dollars in US funds
                  (US$1,000,000.00) for services rendered by CF to SSW during
                  the fiscal year ending December 31, 2002;

         BONUS:

         (b)      CF will be eligible to earn an additional cash bonus of up to
                  a maximum of five hundred thousand US dollars (US$500,000.00)
                  for the fiscal year ended December 31, 2002 as follows:

                  (i)      $166,666.00 - should SSW achieve EBITDA of at least
                           $28,168,000.00 after corporate and overhead expenses;

                  (ii)     $166,667.00 - should SSW achieve net new rentals of
                           at least 14,504.00; and

                  (iii)    $116,667.00 - to be a discretionary bonus to be
                           awarded at the discretion of the compensation
                           committee of SSW;

Provided that for the purposes of this Section 3.1, the definition of EBITDA and
net new rentals shall be consistent with the terms used by SSW historically and
as are presented in the quarterly Board Books prepared and delivered to the
Board of Directors of SSW. The parties agree that should SSW undertake further
acquisitions during the 2002 fiscal year, that the thresholds above for bonuses
shall be adjusted accordingly to take into account the effect of such
acquisitions and for that purpose, the compensation committee of SSW and CF
shall negotiate in good faith to determine the appropriate adjustment to such
thresholds.

3.2      PAYMENT

The base fee shall be paid during the 2002 fiscal year in such manner and at
such times as is reasonably acceptable to the parties hereunder. The bonus shall
be paid as soon as reasonably possible after the compensation committee has
confirmed whether SSW has achieved the thresholds set out in Section 3.1(b)
above.

<PAGE>
                                       4

3.3      EXPENSES

In addition to the fees described in Section 3.1 hereof, SSW shall reimburse CF
for all reasonable out of pocket disbursements and office expenses incurred by
CF from time to time in the performance of its services pursuant to this
Agreement.

4.       CONFIDENTIALITY/RESTRICTIVE COVENANTS

4.1      CF, Krediet and Schickli recognize and acknowledge that in the
course of carrying out, performing and fulfilling their respective obligations
to SSW hereunder, each will have access to and will be entrusted with
information that would reasonably be considered confidential to SSW, the
disclosure of which to competitors of SSW or to the general public, will be
highly detrimental to the best interests of SSW. Such information includes,
without limitation, trade secrets, know how, marketing plans, cost figures,
client lists, software and information relating to employees, suppliers and
persons in contractual relationships with SSW. Except as may be required in the
course of carrying out their respective hereunder, CF, Krediet and Schickli
covenant and agree that they will not disclose, for the duration of this
Agreement or anytime thereafter, any of such information to any person other
than to the directors, officers or employees of SSW that a have a need to know
such information, nor will they use, nor exploit directly, or indirectly, the
same information for any purpose other than for the benefit of SSW. Without
limiting the generality of the foregoing, neither CF, Krediet or Schickli shall
for the duration of this Agreement and for a period of three years thereafter,
have any interest or invest in any corporation, joint venture or any other
enterprise, directly or indirectly, involved in the manufacturing, bottling,
sale or distribution of bottled water or the rental of coolers in any of the
markets served by SSW during the term of this Agreement or at the date of
termination.

5.       TERM RENEWAL AND TERMINATION

5.1      The initial term of this Agreement ("Initial Term") is for one year
commencing January 1, 2002 and ending on December 31, 2002. Unless renewed in
accordance with the terms of this Agreement, Initial Term shall expire on
December 31, 2002;

5.2      This Agreement shall be automatically renewed for a further term of
one year upon the expiration of the Initial Term, unless at least 30 days prior
to the expiration of the Initial Term, either CF or SSW notifies the other in
writing that the Agreement is to terminate on the expiration of the Initial
Term. Should the Initial Term be renewed as aforesaid (a "Renewal Term") this
Agreement shall continue on a year to year basis thereafter provided that either
party may terminate this Agreement during any Renewal Term upon at least 30 days
prior written notice and in such case, the Agreement will terminate on December
31st in the year in which notice to terminate is given.

<PAGE>
                                       5

5.3      The base fee and bonus may be increased during any Renewal Term
only with the consent of the compensation committee of SSW. The parties agree to
negotiate in good faith to determine such increase, if any, and to determine the
applicable thresholds for a Renewal Term to enable CF to earn its bonus in
accordance with Section 3.1(b).

6.       MISCELLANEOUS

6.1      No amendment of this Agreement shall be binding unless it is
executed in writing by each of the parties hereto. No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provision hereof nor shall such waiver constitute a continued waiver
unless otherwise expressly provided. For greater certainty, any amendment to
this Agreement and any waiver by SSW of any provision of this Agreement must be
approved by the compensation committee of SSW.

6.2      SSW hereby expressly acknowledges and agrees that additional
non-cash management options or other remuneration consistent with industry
standards may be granted from time to time to Krediet and Schickli and entering
into this Agreement shall not preclude future negotiations and payments of such
options or incentives. Such option or other remuneration granted to Krediet or
Schickli shall be at the discretion of the compensation committee of SSW and
shall be at a price no less than fair market value at the time of such grant.

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

6.4      This Agreement shall be governed by and construed in accordance
with the laws of the Province of Nova Scotia.

6.5      This Agreement may be executed in one or more counterparts each of
which shall be deemed to be an original and all of which when taken together
shall constitute one and the same instrument.

6.6      All notices given pursuant to this Agreement shall be in writing
and given by courier, facsimile or personal delivery as follows:

         (a)      To CF, Krediet and Schickli at:

                  CF Capital Corporation
                  9109 Chickadee Way
                  Blaine, WA  98230
                  Fax: (360) 371-9950

                  Attention: Dillon Schickli

                  And to SSW at:

<PAGE>
                                       6

                  Sparkling Spring Water Holdings Limited
                  c/o 19 Fielding Avenue
                  Dartmouth, NS  B3B 1C9
                  Fax: (902) 468-2751
                  Attention: Chair of the Compensation Committee

                  With a copy to:

                  Stewart McKelvey Stirling Scales
                  Purdy's Wharf, Tower One
                  1959 Upper Water Street
                  Halifax, NS  B3J 2X2
                  Fax: (902) 496-6174

                  Attention: Lawrence J. Stordy, Secretary

Or to such other address or fax number of a party as that party may give notice
to all other parties from time to time. Notices shall be deemed to be given upon
receipt if sent by courier or hand delivery and if sent by fax on the day the
transmission is received if it is received before 5:00 p.m. or on the next
business day if the fax is received after 5:00 p.m. in the recipient's time
zone.

6.7      Time shall of the essence in this Agreement.

6.8      For greater certainty, each of Krediet and Schickli acknowledge and
confirm that they owe fiduciary duties to SSW (notwithstanding that they are
compensated for their services by CF and not SSW), and CF acknowledges and
confirms that the powers granted to CF hereunder may not be delegated to
individuals other than Krediet or Schickli without the prior written consent of
the Chair of the Compensation Committee of SSW.

7.       ARBITRATION

7.1      In the event any disagreement arises between the parties hereto
with reference to this Agreement, any matter arising hereunder or any matter
arising in connection herewith in respect of which the parties cannot agree,
then every such disagreement may be submitted by any party hereto to arbitration
in Halifax, Nova Scotia pursuant to the provisions of the Commercial Arbitration
Act (Nova Scotia). The party desiring arbitration shall give written notice to
the other parties hereto setting forth the matter or matters to arbitrate. A
reference to arbitration shall be made to one arbitrator who shall be mutually
agreeable to all parties or, if they are unable to agree, to a single arbitrator
appointed and acting in accordance with the provisions of the Commercial
Arbitration Act (Nova Scotia). The decision of the arbitrator, where,
practicable, shall be within (1) month of the appointment of the arbitrator. The
decision of the arbitrator shall be final and binding upon the parties with the
cost of the arbitrator to be borne equally by CF and SSW.

<PAGE>
                                       7

         IN WITNESS WHEREOF the parties hereto have executed this Agreement as
of the day and year first above written.

SIGNED, SEALED AND DELIVERED             )    SPARKLING SPRING WATER
in the presence of:                      )    HOLDINGS LIMITED
                                         )
                                         )
                                         )    Per: /s/ Jan Niessen
                                         )         -----------------------------
                                         )         Chairman, Compensation
                                         )         Committee
                                         )
                                         )    CF CAPITAL CORPORATION
                                         )
                                         )
                                         )    Per: /s/ K. Dillion Schickli
                                         )         -----------------------------
                                         )         President
                                         )
                                         )    G. JOHN KREDIET
                                         )
                                         )
                                         )    Per: /s/ G. John Krediet
                                         )         -----------------------------
                                         )
                                         )    K. DILLION SCHICKLI
                                         )
                                         )
                                         )    Per: /s/ K. Dillion Schickli
                                         )         -----------------------------

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