Document:

EXHIBIT 10.5
------------

                                STOCK OPTION PLAN
                                -----------------

                                      For:
                                      ---

                           GRAVITY SPIN HOLDINGS, INC.
                           ---------------------------

                           Gravity Spin Holdings, Inc.
                           ---------------------------
                         Suite 2206 - 950 Cambie Street
                           Vancouver, British Columbia
                                     V6B 5X6

                                   ----------

<PAGE>

                           GRAVITY SPIN HOLDINGS, INC.
                           ---------------------------

                                STOCK OPTION PLAN
                                -----------------

       This stock  option  plan (the  "Plan") is  adopted  in  consideration  of
services  rendered and to be rendered by key personnel to Gravity Spin Holdings,
Inc., its subsidiaries and affiliates.

1.     Definitions.
       ------------

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

       Board:               The Board of  Directors  of Gravity  Spin  Holdings,
       -----                Inc.

       Common Stock:        The U.S.  $0.001 par value  common  stock of Gravity
       ------------         Spin Holdings, Inc.

       Company:             Gravity Spin Holdings,  Inc., a company incorporated
       -------              under  the  laws of the  State  of  Nevada,  and any
                            successors in interest by merger,  operation of law,
                            assignment or purchase of all or  substantially  all
                            of the property, assets or business of the Company.

       Date of Grant:       The date on which an  Option  (see  hereinbelow)  is
       -------------        granted under the Plan.

       Fair Market Value:   The Fair  Market  Value of the Option  Shares.  Such
       -----------------    Fair Market Value as of any date shall be reasonably
                            determined by the Board; provided,  however, that if
                            there is a public market for the Common  Stock,  the
                            Fair  Market  Value of the  Option  Shares as of any
                            date  shall not be less than the  closing  price for
                            the Common Stock on the last  trading day  preceding
                            the date of grant;  provided,  further,  that if the
                            Company's  shares are not listed on any exchange the
                            Fair Market  Value of such shares  shall not be less
                            than the  average of the means  between  the bid and
                            asked  prices  quoted  on each  such date by any two
                            independent  persons or entities making a market for
                            the Common  Stock,  such  persons or  entities to be
                            selected by the Board.  Fair  Market  Value shall be

<PAGE>

                                       -2-

                            determined  without regard to any restriction  other
                            than a restriction  which, by its terms,  will never
                            lapse.

       Incentive Stock
       ---------------
       Option:              An  Option as  described  in  Section 9  hereinbelow
       ------               intended to qualify  under section 422 of the United
                            States Internal Revenue Code of 1986, as amended.

       Key Person:          A  person   designated   by  the  Board  upon  whose
       ----------           judgment,  initiative  and  efforts the Company or a
                            Related  Company  may rely,  who shall  include  any
                            Director,  Officer,  employee or  consultant  of the
                            Company. A Key Person may include a corporation that
                            is  wholly-owned  and controlled by a Key Person who
                            is  eligible  for an Option  grant,  but in no other
                            case  may the  Company  grant an  option  to a legal
                            entity other than an individual.

       Option:              The  rights  granted  to a Key  Person  to  purchase
       ------               Common Stock pursuant to the terms and conditions of
                            an Option Agreement (see hereinbelow).

       Option Agreement:    The  written   agreement   (and  any   amendment  or
       ----------------     supplement  thereto)  between  the Company and a Key
                            Person  designating  the terms and  conditions of an
                            Option.

       Option Shares:       The  shares of  Common  Stock  underlying  an Option
       -------------        granted to a Key Person.

       Optionee:            A Key Person who has been granted an Option.
       --------

       Related Company:     Any subsidiary or affiliate of the Company or of any
       ---------------      subsidiary  of the  Company.  The  determination  of
                            whether a corporation is a Related  Company shall be
                            made  without  regard to  whether  the entity or the
                            relationship  between the entity and the Company now
                            exists or comes into existence hereafter.

2.     Purpose and scope.
       ------------------

       (a)    The purpose of the Plan is to advance the interests of the Company
              and  its  stockholders  by  affording  Key  Persons,   upon  whose
              judgment,  initiative  and  efforts  the  Company may rely for the

<PAGE>

                                       -3-

              successful   conduct  of  their   businesses  an  opportunity  for
              investment in the Company and the incentive advantages inherent in
              stock ownership in the Company.

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

3.     Administration of the Plan.
       ---------------------------

       The Plan shall be  administered  by the Board.  The Board  shall have the
authority  granted to it under this section and under each other  section of the
Plan.

       In accordance  with and subject to the  provisions of the Plan, the Board
is hereby authorized to provide for the granting,  vesting,  exercise and method
of exercise of any Options all on such terms (which may vary between Options and
Optionees granted from time to time) as the Board shall determine.  In addition,
and without limiting the generality of the foregoing, the Board shall select the
Optionees  and shall  determine:  (i) the number of shares of Common Stock to be
subject to each Option,  however,  in no event may the maximum  number of shares
reserved for any one individual  exceed 10% of the issued and outstanding  share
capital of the  Company;  (ii) the time at which each  Option is to be  granted;
(iii) the purchase price for the Option Shares;  (iv) the Option period; and (v)
the manner in which the Option becomes  exercisable or terminated.  In addition,
the Board shall fix such other terms of each Option as it may deem  necessary or
desirable. The Board may determine the form of Option Agreement to evidence each
Option.

       The Board  from time to time may adopt  such  rules and  regulations  for
carrying  out the  purposes  of the Plan as it may deem  proper  and in the best
interests  of the Company  subject to the rules and  policies of any exchange or
over-the-counter market which is applicable to the Company.

       The Board may from time to time make such changes in and additions to the
Plan as it may deem  proper,  subject to the prior  approval of any  exchange or
over-the-counter  market which is  applicable  to the  Company,  and in the best
interests of the  Company;  provided,  however,  that no such change or addition
shall impair any Option previously granted under the Plan. If the shares are not
listed on any exchange, then such approval is not necessary.

       Each  determination,  interpretation or other action made or taken by the
Board shall be final,  conclusive and binding on all persons,  including without

<PAGE>

                                       -4-

limitation, the Company, the stockholders,  directors, officers and employees of
the Company and the Related  Companies,  and the Optionees and their  respective
successors in interest.

4.     The Common Stock.
       -----------------

       Save and except as may be determined  by the Board at a duly  constituted
meeting of the Board as set forth hereinbelow, the Board is presently authorized
to  appropriate,  grant Options,  issue and sell for the purposes of the Plan, a
total number of shares of the Company's Common Stock not to exceed 3,000,000, or
the  number  and kind of  shares of Common  Stock or other  securities  which in
accordance  with  Section 10 shall be  substituted  for the shares or into which
such shares shall be adjusted. Save and except as may otherwise be determined by
the disinterested approval of the shareholders of the Company at any duly called
meeting  of the  shareholders  of the  Company,  at any duly  constituted  Board
meeting the Board may determine that the total number of shares of the Company's
Common Stock which may be reserved  for  issuance for Options  granted and to be
granted under this Plan,  from time to time,  may be to the maximum extent of up
to 30% of the Company's  issued and  outstanding  Common Stock as at the date of
any such  meeting  of the  Board.  In this  regard,  and  subject  to the  prior
disinterested  approval  of the  shareholders  of the Company at any duly called
meeting of the  shareholders  of the Company,  the total number of shares of the
Company's  Common Stock which may be reserved  for issuance for Options  granted
and to be granted  under  this  Plan,  from time to time,  may be  increased  to
greater than 30% of the Company's issued and outstanding  Common Stock as at the
date of notice of any such meeting of the  shareholders  of the Company  whereat
such disinterested shareholders' approval is sought and obtained by the Company.
All or any unissued  shares  subject to an Option that for any reason expires or
otherwise terminates may again be made subject to Options under the Plan.

5.     Eligibility.
       ------------

       Options will be granted  only to Key  Persons.  Key Persons may hold more
than one Option under the Plan and may hold  Options  under the Plan and options
granted pursuant to other plans or otherwise.

6.     Option Price and number of Option Shares.
       -----------------------------------------

       The Board shall,  at the time an Option is granted  under this Plan,  fix
and determine the exercise price at which Option Shares may be acquired upon the
exercise of such Option;  provided,  however, that any such exercise price shall
not be less than that, from time to time, permitted under the rules and policies
of any exchange or over-the-counter market which is applicable to the Company.

       The number of Option Shares that may be acquired  under an Option granted
to an Optionee  under this Plan shall be  determined by the Board as at the time

<PAGE>

                                       -5-

the Option is granted;  provided,  however,  that the aggregate number of Option
Shares  reserved for issuance to any one Optionee  under this Plan, or any other
plan of the  Company,  shall not  exceed  10% of the total  number of issued and
outstanding Common Stock of the Company.

7.     Duration, vesting and exercise of Options.
       ------------------------------------------

       (a)    The option period shall commence on the Date of Grant and shall be
              up to 10  years  in  length  subject  to the  limitations  in this
              Section 7 and the Option Agreement.

       (b)    During  the   lifetime  of  the   Optionee  the  Option  shall  be
              exercisable  only by the Optionee.  Subject to the  limitations in
              paragraph (a)  hereinabove,  any Option held by an Optionee at the
              time of his death may be exercised  by his estate  within one year
              of his death or such longer period as the Board may determine.

       (c)    The Board may determine  whether an Option shall be exercisable at
              any time during the option  period as provided in paragraph (a) of
              this  Section 7 or whether  the  Option  shall be  exercisable  in
              installments  or by  vesting  only.  If the Board  determines  the
              latter it shall  determine the number of  installments  or vesting
              provisions  and the  percentage of the Option  exercisable at each
              installment or vesting date. In addition, all such installments or
              vesting  shall be  cumulative.  In this regard the Company will be
              subject,  at all times,  to any rules and policies of any exchange
              or over-the-counter  market which is applicable to the Company and
              respecting any such required installment or vesting provisions for
              certain or all Optionees.

       (d)    In the case of an  Optionee  who is a  director  or officer of the
              Company or a Related Company, if, for any reason (other than death
              or removal  by the  Company or a Related  Company),  the  Optionee
              ceases to serve in that  position  for  either  the  Company  or a
              Related Company,  any option held by the Optionee at the time such
              position  ceases or terminates  may, at the sole discretion of the
              Board,  be  exercised  within  up to 90  calendar  days  after the
              effective date that his position ceases or terminates  (subject to
              the  limitations  at paragraph (a)  hereinabove),  but only to the
              extent that the option was  exercisable  according to its terms on
              the date the Optionee's position ceased or terminated.  After such
              90-day period any unexercised portion of an Option shall expire.

       (e)    In the case of an Optionee who is an employee or consultant of the
              Company or a Related Company, if, for any reason (other than death
              or termination for cause by the Company or a Related Company), the
              Optionee  ceases to be employed by either the Company or a Related

<PAGE>

                                       -6-

              Company,  any  option  held  by  the  Optionee  at  the  time  his
              employment ceases or terminates may, at the sole discretion of the
              Board,  be  exercised  within up to 60 calendar  days (or up to 30
              calendar days where the Optionee provided only investor  relations
              services to the Company or a Related  Company) after the effective
              date that his employment ceased or terminated (that being up to 60
              calendar  days (or up to 30  calendar  days)  from the date  that,
              having  previously  provided  to or  received  from the  Company a
              notice of such cessation or  termination,  as the case may be, the
              cessation or  termination  becomes  effective;  and subject to the
              limitations at paragraph (a) hereinabove),  but only to the extent
              that the option was exercisable according to its terms on the date
              the Optionee's employment ceased or terminated.  After such 60-day
              (or  30-day)  period any  unexercised  portion of an Option  shall
              expire.

       (f)    In the case of an Optionee who is an employee or consultant of the
              Company or a Related Company, if the Optionee's  employment by the
              Company  or  a  Related   Company  ceases  due  to  the  Company's
              termination  of  such   Optionee's   employment  for  cause,   any
              unexercised  portion  of any  Option  held by the  Optionee  shall
              immediately expire. For this purpose "cause" shall mean conviction
              of a felony or continued failure, after notice, by the Optionee to
              perform fully and adequately the Optionee's duties.

       (g)    Neither the  selection  of any Key Person as an  Optionee  nor the
              granting of an Option to any Optionee under this Plan shall confer
              upon the  Optionee  any right to continue as a director,  officer,
              employee or consultant of the Company or a Related Company, as the
              case may be, or be construed as a guarantee that the Optionee will
              continue as a director,  officer,  employee or  consultant  of the
              Company or a Related Company, as the case may be.

       (h)    Each Option shall be  exercised in whole or in part by  delivering
              to the office of the  Treasurer of the Company  written  notice of
              the  number of shares  with  respect  to which the Option is to be
              exercised and by paying in full the purchase  price for the Option
              Shares purchased as set forth in Section 8.

8.     Payment for Option Shares.
       --------------------------

       In the case of all Option exercises,  the purchase price shall be paid in
cash or certified funds upon exercise of the Option.

<PAGE>

                                       -7-

9.     Incentive stock Options.
       ------------------------

       (a)    The Board may, from time to time, and subject to the provisions of
              this Plan and such  other  terms and  conditions  as the Board may
              prescribe,  grant to any Key Person who is an employee eligible to
              receive  Options one or more  Incentive  Stock Options to purchase
              the number of shares of Common Stock allotted by the Board.

       (b)    The Option  price per share of Common Stock  deliverable  upon the
              exercise of an  Incentive  Stock  Option shall be no less than the
              Fair Market  Value of a share of Common Stock on the Date of Grant
              of the Incentive Stock Option.

       (c)    The Option term of each Incentive Stock Option shall be determined
              by the  Board  and  shall be set  forth in the  Option  Agreement,
              provided  that the Option term shall  commence no sooner than from
              the Date of Grant and shall  terminate no later than 10 years from
              the  Date  of  Grant  and  shall  be  subject  to  possible  early
              termination as set forth in Section 7 hereinabove.

10.    Changes in Common Stock, adjustments, etc.
       ------------------------------------------

       In the event that each of the  outstanding  shares of Common Stock (other
than shares held by dissenting  stockholders which are not changed or exchanged)
should be changed into, or exchanged  for, a different  number or kind of shares
of stock or other securities of the Company, or, if further changes or exchanges
of any stock or other  securities  into which the Common  Stock  shall have been
changed,  or for which it shall have been  exchanged,  shall be made (whether by
reason  of  merger,  consolidation,   reorganization,   recapitalization,  stock
dividends, reclassification, split-up, combination of shares or otherwise), then
there shall be substituted for each share of Common Stock that is subject to the
Plan, the number and kind of shares of stock or other securities into which each
outstanding  share  of  Common  Stock  (other  than  shares  held by  dissenting
stockholders  which are not  changed  or  exchanged)  shall be so changed or for
which  each  outstanding  share of  Common  Stock  (other  than  shares  held by
dissenting  stockholders) shall be so changed or for which each such share shall
be  exchanged.  Any  securities  so  substituted  shall be  subject  to  similar
successive adjustments.

       In the event of any such changes or exchanges,  the Board shall determine
whether,  in order to prevent  dilution or enlargement of rights,  an adjustment
should  be made in the  number,  kind,  or option  price of the  shares or other
securities then subject to an Option or Options granted pursuant to the Plan and
the Board shall make any such adjustment, and such adjustments shall be made and
shall be effective and binding for all purposes of the Plan.

<PAGE>

11.    Relationship of employment.
       ---------------------------

       Nothing  contained in the Plan, or in any Option granted  pursuant to the
Plan, shall confer upon any Optionee any right with respect to employment by the
Company,  or interfere in any way with the right of the Company to terminate the
Optionee's employment or services at any time.

12.    Non-transferability of Option.
       ------------------------------

       No Option granted under the Plan shall be  transferable  by the Optionee,
either  voluntarily or involuntarily,  except by will or the laws of descent and
distribution, and any attempt to do so shall be null and void.

13.    Rights as a stockholder.
       ------------------------

       No person  shall have any  rights as a  stockholder  with  respect to any
share  covered by an Option  until that person shall become the holder of record
of such share and,  except as provided in Section  10, no  adjustments  shall be
made for dividends or other  distributions  or other rights as to which there is
an earlier record date.

14.    Securities laws requirements.
       -----------------------------

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

       In addition, the Company may not, except as otherwise directed by counsel
to the  Company,  register  any Option  Shares for resale  under the U.S. Act or
under any other applicable  securities  legislation when the registration of any
such  Option  Shares  may be  contrary  or  inconsistent  with the intent of any
provisions,  rules or  policies  promulgated  under  the U.S.  Act or any  other
securities legislation applicable to any such Option Shares.

<PAGE>

                                       -9-

15.    Disposition of Option Shares.
       -----------------------------

       Each Optionee, as a condition of exercise,  shall represent,  warrant and
agree, in a form of written certificate approved by the Company, as follows: (i)
that all Option Shares are being acquired  solely for his own account and not on
behalf of any other person or entity; (ii) that no Option Shares will be sold or
otherwise  distributed  in  violation  of the U.S.  Act or any other  applicable
federal or state  securities  laws;  (iii)  that if he is  subject to  reporting
requirements under Section 16(a) of the United States Securities Exchange Act of
1934,  as amended,  he will (a)  furnish the Company  with a copy of each Form 4
filed  by him and (b)  timely  file  all  reports  required  under  the  federal
securities  laws; and (iv) that he will report all sales of Option Shares to the
Company in writing on a form prescribed by the Company.

16.    Effective date of Plan; termination date of Plan.
       -------------------------------------------------

       The Plan shall be deemed  effective as of January 9, 2004. The Plan shall
terminate at midnight on January 9, 2024 except as to Options previously granted
and  outstanding  under the Plan at the time.  No Options shall be granted after
the date on which the Plan  terminates.  The Plan may be abandoned or terminated
at any  earlier  time by the Board,  except  with  respect to any  Options  then
outstanding under the Plan.

17.    Other provisions.
       -----------------

       The following provisions are also in effect under the Plan:

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

       (b)    any  expenses  of  administering  the  Plan  shall be borne by the
              Company;

       (c)    this Plan  shall be  construed  to be in  addition  to any and all
              other compensation plans or programs.  The adoption of the Plan by
              the Board shall not be construed as creating  any  limitations  on
              the power or authority of the Board to adopt such other additional
              incentive or other compensation arrangements as the Board may deem
              necessary or desirable; and

       (d)    the validity,  construction,  interpretation,  administration  and
              effect  of the  Plan and of its  rules  and  regulations,  and the
              rights  of any and all  personnel  having or  claiming  to have an

<PAGE>

                                      -10-

              interest therein or thereunder shall be governed by and determined
              exclusively and solely in accordance with the laws of Nevada.

       This Plan is dated and made effective on this 9th day of January, 2004.

                      BY ORDER OF THE BOARD OF DIRECTORS OF
                      -------------------------------------
                           GRAVITY SPIN HOLDINGS, INC.
                           ---------------------------
                                      Per:

                                /s/ Graham Taylor
                          -----------------------------

                                  Graham Taylor
                                  -------------
                          President, CEO and a Director

                                   ----------EXHIBIT 10.8
------------

                             FINDER'S FEE AGREEMENT
                             ----------------------

                                    Between:
                                    -------

                           GRAVITY SPIN HOLDINGS, INC.
                           ---------------------------

                                      And:
                                      ---

                           TRUE NORTH MANAGEMENT LTD.
                           --------------------------

                           Gravity Spin Holdings, Inc.
                           ---------------------------
                            2206 - 950 Cambie Street
                        Vancouver, B.C., Canada, V6B 5X6

                                   ----------

<PAGE>

                             FINDER'S FEE AGREEMENT
                             ----------------------

       THIS FINDER'S FEE AGREEMENT is made and dated for reference  effective as
       ---------------------------
at January 15, 2004 (the "Effective Date").

BETWEEN:
-------

              GRAVITY   SPIN   HOLDINGS,   INC.,  a  company
              ---------------------------------
              incorporated  under  the laws of the  State of
              Nevada, U.S.A., and having an executive office
              and an address for notice and delivery located
              at 2206 - 950 Cambie Street, Vancouver,  B.C.,
              Canada, V6B 5X6

              (the "Company");

                                                               OF THE FIRST PART
                                                               -----------------

AND:
---

              TRUE   NORTH   MANAGEMENT   LTD.,   a  company
              --------------------------------
              incorporated  under  the laws of Hong Kong and
              having an  address  for  notice  and  delivery
              located at c/o 8th Floor  Henley  Building,  5
              Queen's Road, Central, Hong Kong.

              (the "Finder");

                                                              OF THE SECOND PART
                                                              ------------------

              (the Company and the Finder being  hereinafter
              singularly  also  referred to as a "Party" and
              collectively  referred to as the  "Parties" as
              the context so requires).

              WHEREAS:
              -------

A.     The Company is a body corporate  subsisting under and registered pursuant
to the laws of the State of Nevada,  U.S.A.,  and is a reporting company subject
to applicable securities laws in the United States and, in particular,  however,
without  limitation,  the United States  Securities Act of 1933, as amended (the
"Securities Act"), and the rules and regulations promulgated thereunder;

<PAGE>

                                       -2-

B.     The Finder has found certain mineral  properties of merit in the People's
Republic of China and arranged for the initial introduction of certain directors
and  officers  of the  Company to certain  members of Brigade 209 of the Nuclear
Industry  of  Yunnan  Province,  People's  Republic  of China  ("Brigade  209"),
resulting  in the  execution  of two  corresponding  "Letters  of  Intent"  (the
"Letters of  Intent")  between  the  Company  and  Brigade  209,  both dated for
reference  January  15,  2004,  and  pursuant  to  which,  and  subject  to  the
negotiation  and  formalization  of two  co-operative  joint venture  companies,
respecting  the same,  the Company  and  Brigade 209 therein  expressed a mutual
intention to form two co-operative  joint venture  companies for the exploration
and development of certain gold and copper  deposits.  With respect to the first
co-operative joint venture company, the Company will contribute  US$5,000,000 as
an equity investment,  Brigade 209 will obtain the exploration and mining rights
for the gold and  copper  deposits  in the 129.5  sq.  km.  area of the  Jinlong
Mountain gold  district  (the  "Property")  and the  co-operative  joint venture
company will  purchase the current  exploration  results of the  Property.  Upon
these conditions being fulfilled,  the Company will own 90% and Brigade 209 will
own 10% of the co-operative  joint venture  company.  With respect to the second
co-operative joint venture company, the Company will contribute  US$5,000,000 as
an equity investment,  Brigade 209 will obtain the exploration and mining rights
for the gold and copper  deposits in the 200 sq. km.  area of Zhamashi  gold and
copper deposits in Qilian County of Qinghai Province and the co-operative  joint
venture  company will  purchase the Zhamashi  minerals  processing  mill and its
0.1364 sq. km. mining right. Upon these conditions being fulfilled,  the Company
will own 90% and  Brigade  209 will own 10% of the  co-operative  joint  venture
company;

C.     In accordance  with the efforts of the Finder herein,  and by the express
agreement and  acknowledgement  of the Company,  the Company has agreed that the
Finder is  entitled  to a finders'  fee (the  "Finders'  Fee") from the  Company
equating  to 200,000  restricted  common  shares in the  capital of the  Company
(collectively,  the  "Finder's Fee Shares") upon the execution of the Letters of
Intent between the Company and Brigade 209; and

D.     The  Parties  hereto  have  agreed  to enter  into  this  agreement  (the
"Agreement") which evidences the Company's  agreement to provide the Finder with
the Finders' Fee upon the execution of the Letters of Intent between the Company
and Brigade 209, and upon the terms and conditions set forth hereinbelow;

       NOW THEREFORE  THIS AGREEMENT  WITNESSETH  that in  consideration  of the
       -----------------------------------------
mutual promises,  covenants and agreements herein contained,  THE PARTIES HERETO
                                                              ------------------
COVENANT AND AGREE WITH EACH OTHER as follows:
----------------------------------

<PAGE>

                                       -3-

                                    Article 1
                                    ---------
                            FINDER'S FEE ENTITLEMENT
                            ------------------------

1.1    Finder's Fee.  In consideration of the Finder's assistance in helping the
       ------------
Company in connection  with the  execution of the Letters of Intent  between the
Company and Brigade 209, the Company hereby agrees to issue to the Finder, or to
the  Finder  and/or  such  other  designate(s)  of the  Finder as the Finder may
determine,  in its sole and  absolute  discretion,  and advise the Company of in
writing,  in accordance  with the provisions of the Securities Act, the Finder's
Fee Shares in connection with the execution of the Letters of Intent between the
Company and Brigade 209.

                                    Article 2
                                    ---------
               RESTRICTIONS ON THE ENTITLEMENT TO THE FINDER'S FEE
               ---------------------------------------------------

2.1    Resale restrictions and legending of the Finder's Fee Share certificates.
       ------------------------------------------------------------------------
The  Finder   hereby   acknowledges   and  agrees  that  the  Company  makes  no
representations as to any resale or other restriction affecting the Finder's Fee
Shares and that it is presently  contemplated  that the Finder's Fee Shares will
be issued by the Company to the Finder in  reliance  upon the  registration  and
prospectus  exemptions  contained  in certain  sections  of the  "Regulation  S"
promulgated under the Securities Act which will impose a trading  restriction in
the United  States on the Finder's Fee Shares for a period of at least 12 months
from the date of issuance. In addition,  the Finder hereby also acknowledges and
agrees  that the within  obligation  of the  Company to issue the  Finder's  Fee
Shares  pursuant to this section will be subject to the Company being  satisfied
that an exemption from applicable  registration  and prospectus  requirements is
available under the Securities Act and all applicable securities laws in respect
of the Finder and the Finder's Fee Shares,  and the Company shall be relieved of
any  obligation  whatsoever to issue Finder's Fee Shares to the Finder where the
Company reasonably determines that a suitable exemption is not available to it.

       The Finder hereby also acknowledges and understands that neither the sale
of the Finder's Fee Shares which the Finder is acquiring nor any of the Finder's
Fee Shares themselves have been registered under the Securities Act or any state
securities  laws,  and,  furthermore,  that the Finder's Fee Shares must be held
indefinitely  unless  subsequently  registered  under the  Securities  Act or an
exemption from such registration is available.  The Finder also acknowledges and
understands that the certificate(s) representing the Finder's Fee Shares will be
stamped  with  the  following  legend  (or  substantially  equivalent  language)
restricting transfer in the following manner:

       "The  transfer  of the  securities  represented  by this  certificate  is
       prohibited  except in  accordance  with the  provisions  of  Regulation S
       promulgated  under the United States  Securities  Act of 1933, as amended
       (the  "Securities  Act"),  pursuant  to  registration  under  the  Act or
       pursuant  to an  available  exemption  from  registration.  In  addition,
       hedging  transactions  involving  such  securities  may not be  conducted
       unless in compliance with the Securities Act.".

<PAGE>

                                       -4-

and the Finder hereby consents to the Company making a notation on its records
or giving instructions to any transfer agent of the Finder's Fee Shares in order
to implement the restrictions on transfer set forth and described hereinabove.

       The Finder also acknowledges and understands that:

       (a)    the  Finder's  Fee Shares  are  restricted  securities  within the
              meaning of "Rule 144" promulgated under the Securities Act;

       (b)    the  exemption  from  registration  under  Rule  144  will  not be
              available  in any  event  for at least  one year  from the date of
              issuance of the Finder's  Fee Shares to the Finder,  and even then
              will not be  available  unless (i) a public  trading  market  then
              exists  for  the  common  stock  of  the  Company,  (ii)  adequate
              information concerning the Company is then available to the public
              and (iii)  other  terms and  conditions  of Rule 144 are  complied
              with; and

       (c)    any sale of the  Finder's  Fee Shares  may be made by the  Company
              only  in  limited  amounts  in  accordance  with  such  terms  and
              conditions.

       The Finder finally  acknowledges and understands that,  without in anyway
limiting the acknowledgements  and understandings as set forth hereinabove,  the
Finder agrees that the Finder shall in no event make any  disposition  of all or
any portion of the Finder's  Fee Shares which the Finder is acquiring  hereunder
unless and until:

       (a)    there  is then in  effect a  "Registration  Statement"  under  the
              Securities  Act  covering  such  proposed   disposition  and  such
              disposition   is  made  in  accordance   with  said   Registration
              Statement; or

       (b)    (i) the Finder  shall have  notified  the Company of the  proposed
              disposition  and shall have  furnished the Company with a detailed
              statement   of  the   circumstances   surrounding   the   proposed
              disposition,  (ii) the  Finder  shall,  at the  sole and  absolute
              discretion  of the  Company,  have  furnished  the Company with an
              opinion  of the  Finder's  own  counsel  to the  effect  that such
              disposition will not require registration of any such Finder's Fee
              Shares  under the  Securities  Act and (iii)  such  opinion of the
              Finder's counsel shall, at the sole and absolute discretion of the
              Company, have been concurred in by counsel for the Company and the
              Company shall have advised the Finder of such concurrence.

<PAGE>

                                       -5-

                                    Article 3
                                    ---------
                         COMPLIANCE WITH SECURITIES LAWS
                         -------------------------------

3.1    Compliance  with  securities  laws.  The Parties hereto shall each comply
       ----------------------------------
with  all  laws,  whether  federal,  provincial  or  state,  applicable  to this
Agreement  and to the issuance of any Finder's Fee Shares  pursuant to the terms
of this Agreement.  The Parties hereto also confirm their respective  intentions
that the issuance of Finder's Fee Shares  hereunder  will be by way of a private
sale or  sales  and,  to the  extent  that  any  federal,  provincial  or  state
securities  laws may be applicable,  such sale or sales will be made pursuant to
the  relevant   exemptions   under  such  securities  laws  including,   without
limitation, the Securities Act.

                                    Article 4
                                    ---------
                                  FORCE MAJEURE
                                  -------------

4.1    Events.  If  either  Party  hereto  is at any  time  either  during  this
       ------
Agreement or thereafter prevented or delayed in complying with any provisions of
this  Agreement  by  reason  of  strikes,  walk-outs,  labour  shortages,  power
shortages,  fires, wars, acts of God, earthquakes,  storms, floods,  explosions,
accidents,  protests or  demonstrations  by  environmental  lobbyists  or native
rights groups,  delays in transportation,  breakdown of machinery,  inability to
obtain  necessary  materials in the open market,  unavailability  of  equipment,
governmental  regulations restricting normal operations,  shipping delays or any
other reason or reasons beyond the control of that Party,  then the time limited
for the performance by that Party of its respective  obligations hereunder shall
be  extended  by a period of time  equal in  length  to the  period of each such
prevention or delay.

4.2    Notice. A Party shall within seven calendar days give notice to the other
       ------
Party of each event of force majeure under section "4.1"  hereinabove,  and upon
cessation of such event shall  furnish the other Party with notice of that event
together with particulars of the number of days by which the obligations of that
Party  hereunder have been extended by virtue of such event of force majeure and
all preceding events of force majeure.

                                    Article 5
                                    ---------
                                   ARBITRATION
                                   -----------

5.1    Matters for Arbitration.  The Parties agree that all questions or matters
       -----------------------
in dispute with  respect to this  Agreement  shall be  submitted to  arbitration
pursuant to the terms hereof.

5.2    Notice.  It shall be a condition  precedent  to the right of any Party to
       ------
submit any matter to  arbitration  pursuant to the provisions  hereof,  that any
Party  intending  to refer any matter to  arbitration  shall have given not less
than 10 calendar  days' prior  written  notice of its  intention to do so to the

<PAGE>

                                       -6-

other  Party  together  with  particulars  of  the  matter  in  dispute.  On the
expiration  of such 10 calendar  days the Party who gave such notice may proceed
to refer the dispute to arbitration as provided in section "5.3" hereinbelow.

5.3    Appointments.   The  Party   desiring   arbitration   shall  appoint  one
       ------------
arbitrator, and shall notify the other Party of such appointment,  and the other
Party shall,  within 15 calendar days after  receiving  such notice,  appoint an
arbitrator,  and the two arbitrators so named,  before proceeding to act, shall,
within 30 calendar days of the  appointment  of the last  appointed  arbitrator,
unanimously agree on the appointment of a third arbitrator, to act with them and
be chairman of the  arbitration  herein  provided  for. If the other Party shall
fail to appoint an arbitrator  within 15 calendar days after receiving notice of
the appointment of the first arbitrator, and if the two arbitrators appointed by
the Parties shall be unable to agree on the  appointment  of the  chairman,  the
chairman shall be appointed  under the provisions of the Commercial  Arbitration
Act (British Columbia) (the "Arbitration Act"). Except as specifically otherwise
provided in this section, the arbitration herein provided for shall be conducted
in accordance with such Arbitration Act. The chairman, or in the case where only
one arbitrator is appointed,  the single arbitrator,  shall fix a time and place
for the purpose of hearing the evidence and representations of the Parties,  and
he shall preside over the  arbitration  and determine all questions of procedure
not provided for under such  Arbitration Act or this section.  After hearing any
evidence and representations that the Parties may submit, the single arbitrator,
or the arbitrators,  as the case may be, shall make an award and reduce the same
to writing,  and deliver one copy thereof to each of the Parties. The expense of
the arbitration shall be paid as specified in the award.

5.4    Award. The Parties agree that the award of a majority of the arbitrators,
       -----
or in the case of a single  arbitrator,  of such arbitrator,  shall be final and
binding upon each of them.

                                    Article 6
                                    ---------
                                     NOTICE
                                     ------

6.1    Notice. Each notice, demand or other communication  required or permitted
       ------
to be given  under  this  Agreement  shall be in  writing  and  shall be sent by
prepaid  registered  mail  deposited  in a Post  Office  addressed  to the Party
entitled to receive the same,  or  delivered  to such Party,  at the address for
such Party specified above. The date of receipt of such notice,  demand or other
communication  shall be the date of delivery thereof if delivered,  or, if given
by registered  mail as aforesaid,  shall be deemed  conclusively to be the third
calendar  day after the same shall  have been so  mailed,  except in the case of
interruption  of postal  services for any reason  whatsoever,  in which case the
date of  receipt  shall  be the  date on  which  the  notice,  demand  or  other
communication is actually received by the addressee.

6.2    Change  of  address.  Either  Party may at any time and from time to time
       -------------------
notify the other  Parties in writing of a change of address  and the new address
to which notice shall be given to it thereafter until further change.

<PAGE>

                                       -7-

                                    Article 7
                                    ---------
                               GENERAL PROVISIONS
                               ------------------

7.1    Entire agreement. This Agreement constitutes the entire agreement to date
       ----------------
between  the  Parties   hereto  and   supersedes   every   previous   agreement,
communication,   expectation,  negotiation,   representation  or  understanding,
whether oral or written, express or implied, statutory or otherwise, between the
Parties hereto with respect to the subject matter of this Agreement.

7.2    Enurement and assignment. This Agreement will enure to the benefit of and
       ------------------------
will  be  binding  upon  the  Parties,   their  respective   heirs,   executors,
administrators and permitted  assigns.  This Agreement may not be assigned as to
any part by any Party without the permission in writing of the other Party, such
permission not to be unreasonably withheld.

7.3    Time of the essence. Time will be of the essence of this Agreement.
       -------------------

7.4    Representation  and  costs.  It is  hereby  acknowledged  by  each of the
       --------------------------
Parties hereto that, as between the Parties  hereto,  Devlin Jensen,  Barristers
and  Solicitors,  acts  solely  for the  Company,  and that the  Finder has been
advised by Devlin Jensen to obtain  independent legal advice with respect to its
review and  execution  of this  Agreement.  In  addition,  it is hereby  further
acknowledged  and agreed by the Parties hereto that each Party to this Agreement
will bear and pay its own costs,  legal and  otherwise,  in connection  with its
respective  preparation,  review  and  execution  of  this  Agreement,  and,  in
particular,  that the costs involved in the preparation of this  Agreement,  and
all documentation necessarily involved thereto, by Devlin Jensen shall be at the
cost of the Company.

7.5    Applicable  law.  The  situs  of this  Agreement  is  Vancouver,  British
       ---------------
Columbia,  and for all purposes this Agreement  will be governed  exclusively by
and construed and enforced in accordance with the laws and Courts  prevailing in
the Province of British Columbia.

7.6    Further  assurances.  The Parties hereto  hereby,  jointly and severally,
       -------------------
covenant and agree to forthwith,  upon request, execute and deliver, or cause to
be executed and delivered,  such further and other deeds, documents,  assurances
and  instructions  as may be required by the Parties hereto or their  respective
counsel in order to carry out the true nature and intent of this Agreement.

7.7    Invalid  provisions.  If any  provision of this  Agreement is at any time
       -------------------
unenforceable  or invalid for any reason it will be severable from the remainder
of this Agreement and, in its  application at that time,  this Agreement will be

<PAGE>

                                       -8-

construed as though such  provision was not  contained  herein and the remainder
will continue in full force and effect and be construed as if this Agreement had
been executed without the invalid or unenforceable provision.

7.8    Severability and construction. Each Article, section, paragraph, term and
       -----------------------------
provision  of this  Agreement,  and any  portion  thereof,  shall be  considered
severable,  and if, for any reason,  any portion of this Agreement is determined
to be invalid,  contrary to or in conflict with any applicable present or future
law,  rule or  regulation  in a final  unappealable  ruling issued by any court,
agency or tribunal with valid jurisdiction in a proceeding to any of the Parties
hereto is a party,  that ruling shall not impair the  operation  of, or have any
other effect upon, such other portions of this Agreement as may remain otherwise
intelligible  (all of which shall remain  binding on the Parties and continue to
be given full force and  agreement as of the date upon which the ruling  becomes
final).

7.9    Captions.  The captions,  section  numbers,  Article numbers and Schedule
       --------
numbers  appearing in this  Agreement are inserted for  convenience of reference
only and shall in no way define, limit, construe or describe the scope or intent
of this Agreement nor in any way affect this Agreement.

7.10   Counterparts.  This  Agreement may be signed by the Parties  hereto in as
       ------------
many  counterparts as may be necessary and, if required,  by facsimile,  each of
which so signed being deemed to be an original,  and such counterparts  together
shall  constitute one and the same instrument and,  notwithstanding  the date of
execution,  will be deemed to bear the Execution  Date as set forth on the front
page of this Agreement.

7.11   No  partnership  or  agency.  The  Parties  hereto  have  not  created  a
       ---------------------------
partnership  and  nothing  contained  in  this  Agreement  shall  in any  manner
whatsoever  constitute any Party the partner,  agent or legal  representative of
any other  Party,  nor create any  fiduciary  relationship  between them for any
purpose  whatsoever.  No Party shall have any authority to act for, or to assume
any  obligations or  responsibility  on behalf of, any other party except as may
be,  from  time to time,  agreed  upon in  writing  between  the  Parties  or as
otherwise expressly provided.

7.12   Consents and waivers. No consent or waiver expressed or implied by either
       --------------------
Party  hereto in respect  of any  breach or  default  by any other  Party in the
performance by such other of its obligations hereunder shall:

       (a)    be valid  unless it is in  writing  and  stated to be a consent or
              waiver pursuant to this section;

       (b)    be relied  upon as a consent  to or waiver of any other  breach or
              default of the same or any other obligation;

<PAGE>

                                       -9-

       (c)    constitute a general waiver under this Agreement; or

       (d)    eliminate  or modify  the need for a  specific  consent  or waiver
              pursuant to this section in any other or subsequent instance.

       IN  WITNESS  WHEREOF  each of the  Parties  hereto has  hereunto  set its
       --------------------
respective  hands and seals in the presence of its duly  authorized  signatories
effective  as at the  Effective  Date as set  forth  on the  front  page of this
Agreement.

The CORPORATE SEAL of                       )
GRAVITY SPIN HOLDINGS, INC.,                )
---------------------------                 )
the Company herein, was hereunto affixed    )
in the presence of:                         )
                                            )             (C/S)
         /s/ Graham Taylor                  )
--------------------------------------------)
Authorized Signatory                        )

The CORPORATE SEAL of                       )
TRUE NORTH MANAGEMENT LTD.,                 )
--------------------------                  )
the Finder herein, was hereunto affixed     )
in the presence of:                         )
                                            )             (C/S)
         /s/ Anthony Tam                    )
--------------------------------------------)
Authorized Signatory                        )

                                   ----------

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