Document:

Exhibit
      10.2

    

    PACIFIC
      COPPER CORP.

    

    2006
      Stock Option Plan

    Adopted:
      August 8, 2006

    Approved
      By Stockholders: August 8, 2006

    Termination
      Date: August 7, 2016 [10 years after date of adoption]

    

    1.
      PURPOSES.

    

    (a)
      Eligible Stock Award Recipients. The persons eligible to receive Stock Awards
      are the Employees, Directors and Consultants of the Company and its
      Affiliates.

    

    (b)
      Available Stock Awards. The purpose of the Plan is to provide a means by which
      eligible recipients of Stock Awards may be given an opportunity to benefit
      from
      increases in value of the Common Stock through the granting of the following
      Stock Awards: (i) Incentive Stock Options, (ii) Nonstatutory Stock Options,
      (iii) stock bonuses, and (iv) rights to acquire restricted stock.

    

    (c)
      General Purpose. The Company, by means of the Plan, seeks to retain the services
      of the group of persons eligible to receive Stock Awards, to secure and retain
      the services of new members of this group and to provide incentives for such
      persons to exert maximum efforts for the success of the Company and its
      Affiliates.

    

    2.
      DEFINITIONS.

    

    (a)
      "Affiliate" means any parent corporation or subsidiary corporation of the
      Company, whether now or hereafter existing, as those terms are defined in
      Sections 424(e) and (f), respectively, of the Code.

    

    (b)
      "Board" means the Board of Directors of the Company.

    

    (c)
      "Code" means the Internal Revenue Code of 1986, as amended.

    

    (d)
      "Committee" means a committee of one or more members of the Board appointed
      by
      the Board in accordance with Section 3(c).

    

    (e)
      "Common Stock" means the common stock of the Company.

    

    (f)
      "Company" means PACIFIC COPPER CORP., a Delaware corporation.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (g)
      "Consultant" means any person, including an advisor, (i) engaged by the Company
      or an Affiliate to render consulting or advisory services and who is compensated
      for such services or (ii) who is a member of the Board of Directors of an
      Affiliate. However, the term "Consultant" shall not include either Directors
      who
      are not compensated by the Company for their services as Directors or Directors
      who are merely paid a director's fee by the Company for their services as
      Directors.

    

    (h)
      "Continuous Service" means that the Participant's service with the Company
      or an
      Affiliate, whether as an Employee, Director or Consultant, is not interrupted
      or
      terminated. The Participant's Continuous Service shall not be deemed to have
      terminated merely because of a change in the capacity in which the Participant
      renders service to the Company or an Affiliate as an Employee, Consultant or
      Director or a change in the entity for which the Participant renders such
      service, provided that there is no interruption or termination of the
      Participant's service with the Company or an Affiliate. For example, a change
      in
      status from an Employee of the Company to a Consultant of an Affiliate or a
      Director will not constitute an interruption of Continuous Service. The Board
      or
      the chief executive officer of the Company, in that party's sole discretion,
      may
      determine whether Continuous Service shall be considered interrupted in the
      case
      of any leave of absence approved by that party, including sick leave, military
      leave or any other personal leave.

    

    (i)
      "Corporate Transaction" means the occurrence, in a single transaction or in
      a
      series of related transactions, of any one or more of the following
      events:

    

    (i)
      a
      sale, lease, licensor other disposition of all or substantially all of the
      consolidated assets of the Company and its Subsidiaries;

    

    (ii)
      a
      sale or other disposition of at least ninety percent (90%) of the outstanding
      securities of the Company;

    

    (iii)
      a
      merger, consolidation or similar transaction following which the Company is
      not
      the surviving corporation; or

    

    (iv)
      a
      merger, consolidation or similar transaction following which the Company is
      the
      surviving corporation but the shares of Common Stock outstanding immediately
      preceding the merger, consolidation or similar transaction are converted or
      exchanged by virtue of the merger, consolidation or similar transaction into
      other property, whether in the form of securities, cash or
      otherwise.

    

    (j)
      "Covered Employee" means the chief executive officer and the four (4) other
      highest compensated officers of the Company for whom total compensation is
      required to be reported to stockholders under the Exchange Act, as determined
      for purposes of Section 162(m) of the Code.

     

    
      
        
        

      

      
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    (k)
      "Director" means a member of the Board of Directors of the Company.

    

    (l)
      "Disability" means the permanent and total disability of a person within the
      meaning of Section 22(e)(3) of the Code.

    

    (m)
      "Employee" means any person employed by the Company or an Affiliate. Mere
      service as a Director or payment of a director's fee by the Company or an
      Affiliate shall not be sufficient to constitute "employment" by the Company
      or
      an Affiliate.

    

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

    

    (o)
      "Fair
      Market Value" means, as of any date, the value of the Common Stock determined
      as
      follows:

    

    (i)
      If
      the Common Stock is listed on any established stock exchange or traded on the
      Over-The-Counter Bulletin Board, the Nasdaq National Market, the Nasdaq SmallCap
      Market or the American Stock Exchange, the Fair Market Value of a share of
      Common Stock shall be the closing sales price for such stock (or the closing
      bid, if no sales were reported) as quoted on such exchange or market (or the
      exchange or market with the greatest volume of trading in the Common Stock)
      on
      the last market trading day prior to the day of determination, as reported
      in
      The Wall Street Journal or such other source as the Board deems
      reliable.

    

    (ii)
      In
      the absence of such markets for the Common Stock, the Fair Market Value shall
      be
      determined in good faith by the Board.

    

    (p)
      "Incentive Stock Option" means an Option intended to qualify as an incentive
      stock option within the meaning of Section 422 of the Code and the regulations
      promulgated thereunder.

    

    (q)
      "Non-Employee Director” means a Director who either (i) is not a current
      Employee or Officer of the Company or its parent or a subsidiary, does not
      receive compensation (directly or indirectly) from the Company or its parent
      or
      a subsidiary for services rendered as a consultant or in any capacity other
      than
      as a Director (except for an amount as to which disclosure would not be required
      under Item 404(a) of Regulation S-K promulgated pursuant to the Securities
      Act
      ("Regulation S-K")), does not possess an interest in any other transaction
      as to
      which disclosure would be required under Item 404(a) of Regulation S-K and
      is
      not engaged in a business relationship as to which disclosure would be required
      under Item 404(b) of Regulation S-K; or (ii) is otherwise considered a
      "non-employee director" for purposes of Rule 16b-3.

     

    
      
        
        

      

      
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    (r)
      "Nonstatutory Stock Option" means an Option not intended to qualify as an
      Incentive Stock Option.

    

    (s)
      "Officer" means a person who is an officer of the Company within the meaning
      of
      Section 16 of the Exchange Act and the rules and regulations promulgated
      thereunder.

    

    (t)
      "Option" means an Incentive Stock Option or a Nonstatutory Stock Option granted
      pursuant to the Plan.

    

    (u)
      "Option Agreement" means a written agreement between the Company and an
      Optionholder evidencing the terms and conditions of an individual Option grant.
      Each Option Agreement shall be subject to the terms and conditions of the
      Plan.

    

    (v)
      "Optionholder" means a person to whom an Option is granted pursuant to the
      Plan
      or, if applicable, such other person who holds an outstanding
      Option.

    

    (w)
      "Outside Director" means a Director who either (i) is not a current employee
      of
      the Company or an "affiliated corporation" (within the meaning of Treasury
      Regulations promulgated under Section 162(m) of the Code), is not a former
      employee of the Company or an "affiliated corporation" receiving compensation
      for prior services (other than benefits under a tax qualified pension plan),
      was
      not an officer of the Company or an "affiliated corporation" at any time and
      is
      not currently receiving direct or indirect remuneration from the Company or
      an
      "affiliated corporation" for services in any capacity other than as a Director
      or (ii) is otherwise considered an "outside director" for purposes of Section
      162(m) of the Code.

    

    (x)
      "Participant" means a person to whom a Stock Award is granted pursuant to the
      Plan or, if applicable, such other person who holds an outstanding Stock
      Award.

    

    (y)
      "Plan" means this ABC Corporation 2000 Equity Incentive Plan.

    

    (z)
      "Rule
      16b-3" means Rule 16b-3 promulgated under the Exchange Act or any successor
      to
      Rule 16b-3, as in effect from time to time.

    

    (aa)
      "Securities Act" means the Securities Act of 1933, as amended.

     

    
      
        
        

      

      
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    (bb)
      "Stock Award" means any right granted under the Plan, including an Option,
      a
      stock bonus, and a right to acquire restricted stock.

    

    (cc)
      "Stock Award Agreement" means a written agreement between the Company and a
      holder of a Stock Award evidencing the terms and conditions of an individual
      Stock Award grant. Each Stock Award Agreement shall be subject to the terms
      and
      conditions of the Plan.

    

    (dd)
      "Ten
      Percent Stockholder" means a person who Owns (or is deemed to Own pursuant
      to
      Section 424(d) of the Code) stock possessing more than ten percent (10%) of
      the
      total combined voting power of all classes of stock of the Company or of any
      of
      its Affiliates.

    

    3.
      ADMINISTRATION. 

    

    (a)
      Administration by Board. The Board shall administer the Plan unless and until
      the Board delegates administration to a Committee, as provided in Section
      3(c).

    

    (b)
      Powers of Board. The Board shall have the power, subject to, and within the
      limitations of, the express provisions of the Plan:

    

    (i)
      To
      determine from time to time which of the persons eligible under the Plan shall
      be granted Stock Awards; when and how each Stock Award shall be granted; what
      type or combination of types of Stock Award shall be granted; the provisions
      of
      each Stock Award granted (which need not be identical), including the time
      or
      times when a person shall be permitted to receive Common Stock pursuant to
      a
      Stock Award; and the number of shares of Common Stock with respect to which
      a
      Stock Award shall be granted to each such person.

    

    (ii)
      To
      construe and interpret the Plan and Stock Awards granted under it, and to
      establish, amend and revoke rules and regulations for its administration. The
      Board, in the exercise of this power, may correct any defect, omission or
      inconsistency in the Plan or in any Stock Award Agreement, in a manner and
      to
      the extent it shall deem necessary or expedient to make the Plan fully
      effective.

    

    (iii)
      To
      amend the Plan or a Stock Award as provided in Section 12. 

    

    (iv)
      To
      terminate or suspend the Plan as provided in Section 13.

    

    (v)
      Generally, to exercise such powers and to perform such acts as the Board deems
      necessary or expedient to promote the best interests of the Company which are
      not in conflict with the provisions of the Plan.

     

    
      
        
        

      

      
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    (c)
      Delegation to Committee.

    

    (i)
      General. The Board may delegate administration of the Plan to a Committee or
      Committees of one (1) or more members of the Board, and the term "Committee"
      shall apply to any person or persons to whom such authority has been delegated.
      If administration is delegated to a Committee, the Committee shall have, in
      connection with the administration of the Plan, the powers theretofore possessed
      by the Board, including the power to delegate to a subcommittee any of the
      administrative powers the Committee is authorized to exercise (and references
      in
      this Plan to the Board shall thereafter be to the Committee or subcommittee),
      subject, however, to such resolutions, not inconsistent with the provisions
      of
      the Plan, as may be adopted from time to time by the Board. The Board may
      abolish the Committee at any time and revest in the Board the administration
      of
      the Plan.

    

    (ii)
      Committee Composition when Common Stock is Publicly Traded. At such time as
      the
      Common Stock is publicly traded, in the discretion of the Board, a Committee
      may
      consist solely of two or more Outside Directors, in accordance with Section
      162(m) of the Code, and/or solely of two or more Non-Employee Directors, in
      accordance with Rule 16b-3. Within the scope of such authority, the Board or
      the
      Committee may (1) delegate to a committee of one or more members of the Board
      who are not Outside Directors the authority to grant Stock Awards to eligible
      persons who are either (a) not then Covered Employees and are not expected
      to be
      Covered Employees at the time of recognition of income resulting from such
      Stock
      Award or (b) not persons with respect to whom the Company wishes to comply
      with
      Section 162(m) of the Code and/or) (2) delegate to a committee of one or more
      members of the Board who are not Non-Employee Directors the authority to grant
      Stock Awards to eligible persons who are not then subject to Section16 of the
      Exchange Act.

    

    (d)
      Effect of Board's Decision. All determinations, interpretations and
      constructions made by the Board in good faith shall not be subject to review
      by
      any person and shall be final, binding and conclusive on all
      persons.

    

    4.
      SHARES
      SUBJECT TO THE PLAN. 

    

    (a)
      Share
      Reserve. Subject to the provisions of Section 11 relating to adjustments upon
      changes in Common Stock, the Common Stock that may be issued pursuant to Stock
      Awards shall not exceed in the aggregate Five Million (5,000,000) shares of
      Common Stock.

    

    (b)
      Evergreen Share Reserve Increase.

     

    
      
        
        

      

      
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    (i)
      Notwithstanding Section 4(a) hereof and subject to the provisions of Section
      11
      relating to adjustments upon changes in Common Stock, on the day of each annual
      meeting of stockholders of the Company (the "Calculation Date") for a period
      of
      nine (9) years, commencing with the annual meeting of stockholders in 2006,
      the
      aggregate number of shares of Common Stock that is available for issuance under
      the Plan shall automatically be increased by that number of shares equal to
      the
      least of (1) two percent (2%) of the Diluted Shares Outstanding; (2) Three
      Hundred Thousand (300,000) shares of Common Stock; or (3) such lesser number
      of
      shares as determined by the Board.

    

    (ii)
      "Diluted Shares Outstanding" shall mean, as of any date, (1) the number of
      outstanding shares of Common Stock of the Company on such Calculation Date,
      plus
      (2) the number of shares of Common Stock issuable upon such Calculation Date
      assuming the conversion of all outstanding Preferred Stock and convertible
      notes, plus (3) the additional number of dilutive Common Stock equivalent shares
      outstanding as the result of any options or warrants outstanding during the
      fiscal year, calculated using the treasury stock method.

    

    (c)
      Reversion of Shares to the Share Reserve. If any Stock Award shall for any
      reason expire or otherwise terminate, in whole or in part, without having been
      exercised in full, the shares of Common Stock not acquired under such Stock
      Award shall revert to and again become available for issuance under the
      Plan.

    

    (d)
      Source of Shares. The shares of Common Stock subject to the Plan may be unissued
      shares or reacquired shares, bought on the market or otherwise.

    

    5.
      ELIGIBILITY.

    

    (a)
      Eligibility for Specific Stock Awards. Incentive Stock Options may be granted
      only to Employees. Stock Awards other than Incentive Stock Options may be
      granted to Employees, Directors and Consultants.

    

    (b)
      Ten
      Percent Stockholders. 

    

    A
      Ten
      Percent Stockholder shall not be granted an Incentive Stock Option unless the
      exercise price of such Option is at least one hundred ten percent (110%) of
      the
      Fair Market Value of the Common Stock at the date of grant and the Option is
      not
      exercisable after the expiration of five (5) years from the date of
      grant.

    

    (c)
      Section 162(m) Limitation. Subject to the provisions of Section 11(a) relating
      to adjustments upon changes in the shares of Common Stock, no Employee shall
      be
      eligible to be granted Options covering more than Eight Hundred Thousand
      (800,000) shares of Common Stock during any calendar year.

     

    
      
        
        

      

      
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    (d)
      Consultants.

    

    A
      Consultant shall not be eligible for the grant of a Stock Award if, at the
      time
      of grant, a Form S-8 Registration Statement under the Securities Act ("Form
      S-8") is not available to register either the offer or the sale of the Company's
      securities to such Consultant because of the nature of the services that the
      Consultant is providing to the Company, or because the Consultant is not a
      natural person, or as otherwise provided by the rules governing the use of
      Form
      S-8, unless the Company determines both (i) that such grant (A) shall be
      registered in another manner under the Securities Act (e.g., on a Form S-3
      Registration Statement) or (B) does not require registration under the
      Securities Act in order to comply with the requirements of the Securities Act,
      if applicable, and (ii) that such grant complies with the securities laws of
      all
      other relevant jurisdictions. 

    

    6.
      OPTION
      PROVISIONS.

    

    Each
      Option shall be in such form and shall contain such terms and conditions as
      the
      Board shall deem appropriate. All Options shall be separately designated
      Incentive Stock Options or Nonstatutory Stock Options at the time of grant,
      and,
      if certificates are issued, a separate certificate or certificates will be
      issued for shares of Common Stock purchased on exercise of each type of Option.
      The provisions of separate Options need not be identical, but each Option shall
      include (through incorporation of provisions hereof by reference in the Option
      or otherwise) the substance of each of the following provisions:

    

    (a)
      Term.
      Subject to the provisions of Section 5(b) regarding Ten Percent Stockholders,
      no
      Incentive Stock Option shall be exercisable after the expiration of ten (10)
      years from the date it was granted.

    

    (b)
      Exercise Price of an Incentive Stock Option. Subject to the provisions of
      Section 5(b) regarding Ten Percent Stockholders, the exercise price of each
      Incentive Stock Option shall be not less than one hundred percent (100%) of
      the
      Fair Market Value of the Common Stock subject to the Option on the date the
      Option is granted. Notwithstanding the foregoing, an Incentive Stock Option
      may
      be granted with an exercise price lower than that set forth in the preceding
      sentence if such Option is granted pursuant to an assumption or substitution
      for
      another option in a manner satisfying the provisions of Section 424(a) of the
      Code.

    

    (c)
      Exercise Price of a Nonstatutory Stock Option. The exercise price of each
      Nonstatutory Stock Option shall be not less than eighty-five percent (85%)
      of
      the Fair Market Value of the Common Stock subject to the Option on the date
      the
      Option is granted. Notwithstanding the foregoing, a Nonstatutory Stock Option
      may be granted with an exercise price lower than that set forth in the preceding
      sentence if such Option is granted pursuant to an assumption or substitution
      for
      another option in a manner satisfying the provisions of Section 424(a) of the
      Code.

     

    
      
        
        

      

      
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    (d)
      Consideration. The purchase price of Common Stock acquired pursuant to an Option
      shall be paid, to the extent permitted by applicable statutes and regulations,
      either (i) in cash at the time the Option is exercised or (ii) at the discretion
      of the Board at the time of the grant of the Option (or subsequently in the
      case
      of a Nonstatutory Stock Option) (1) by delivery to the Company of other Common
      Stock, (2) according to a deferred payment or other similar arrangement with
      the
      Optionholder, or (3) in any other form of legal consideration that may be
      acceptable to the Board. Unless otherwise specifically provided in the Option,
      the purchase price of Common Stock acquired pursuant to an Option that is paid
      by delivery to the Company of other Common Stock acquired, directly or
      indirectly from the Company, shall be paid only by shares of the Common Stock
      of
      the Company that have been held for more than six (6) months (or such longer
      or
      shorter period of time required to avoid a charge to earnings for financial
      accounting purposes). At any time that the Company is incorporated in Delaware,
      payment of the Common Stock's "par value," as defined in the Delaware General
      Corporation Law, shall not be made by deferred payment.

    

    In
      the
      case of any deferred payment arrangement, interest shall be compounded at least
      annually and shall be charged at the minimum rate of interest necessary to
      avoid
      the treatment as interest, under any applicable provisions of the Code, of
      any
      amounts other than amounts stated to be interest under the deferred payment
      arrangement. 

    

    (e)
      Transferability of an Incentive Stock Option. An Incentive Stock Option shall
      not be transferable except by will or by the laws of descent and distribution
      and shall be exercisable during the lifetime of the Optionholder only by the
      Optionholder. Notwithstanding the foregoing, the Optionholder may, by delivering
      written notice to the Company, in a form satisfactory to the Company, designate
      a third party who, in the event of the death of the Optionholder, shall
      thereafter be entitled to exercise the Option.

    

    (f)
      Transferability of a Nonstatutory Stock Option. A Nonstatutory Stock Option
      shall be transferable to the extent provided in the Option Agreement. If the
      Nonstatutory Stock Option does not provide for transferability, then the
      Nonstatutory Stock Option shall not be transferable except by will or by the
      laws of descent and distribution and shall be exercisable during the lifetime
      of
      the Optionholder only by the Optionholder. Notwithstanding the foregoing, the
      Optionholder may, by delivering written notice to the Company, in a form
      satisfactory to the Company, designate a third party who, in the event of the
      death of the Optionholder, shall thereafter be entitled to exercise the
      Option.

     

    
      
        
        

      

      
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    (g)
      Vesting Generally. The total number of shares of Common Stock subject to an
      Option may, but need not, vest and therefore become exercisable in periodic
      installments that may, but need not, be equal. The Option may be subject to
      such
      other terms and conditions on the time or times when it may be exercised (which
      may be based on performance or other criteria) as the Board may deem
      appropriate. The vesting provisions of individual Options may vary. The
      provisions of this Section 6(g) are subject to any Option provisions governing
      the minimum number of shares of Common Stock as to which an Option may be
      exercised.

    

    (h)
      Termination of Continuous Service. In the event an Optionholder's Continuous
      Service terminates (other than upon the Optionholder's death or Disability),
      the
      Optionholder may exercise his or her Option (to the extent that the Optionholder
      was entitled to exercise such Option as of the date of termination) but only
      within such period of time ending on the earlier of (i) the date three (3)
      months following the termination of the Optionholder's Continuous Service (or
      such longer or shorter period specified in the Option Agreement), or (ii) the
      expiration of the term of the Option as set forth in the Option Agreement.
      If,
      after termination, the Optionholder does not exercise his or her Option within
      the time specified in the Option Agreement, the Option shall
      terminate.

    

    (i)
      Extension of Termination Date. An Optionholder's Option Agreement may also
      provide that if the exercise of the Option following the termination of the
      Optionholder's Continuous Service (other than upon the Optionholder's death
      or
      Disability) would be prohibited at any time solely because the issuance of
      shares of Common Stock would violate the registration requirements under the
      Securities Act, then the Option shall terminate on the earlier of (i) the
      expiration of the term of the Option set forth in Section 6(a) or (ii) the
      expiration of a period of three (3) months after the termination of the
      Optionholder's Continuous Service during which the exercise of the Option would
      not be in violation of such registration requirements.

    

    (j)
      Disability of Optionholder. In the event that an Optionholder's Continuous
      Service terminates as a result of the Optionholder's Disability, the
      Optionholder may exercise his or her Option (to the extent that the Optionholder
      was entitled to exercise such Option as of the date of termination), but only
      within such period of time ending on the earlier of (i) the date twelve (12)
      months following such termination (or such longer or shorter period specified
      in
      the Option Agreement) or (ii) the expiration of the term of the Option as set
      forth in the Option Agreement. If, after termination, the Optionholder does
      not
      exercise his or her Option within the time specified herein, the Option shall
      terminate.

     

    
      
        
        

      

      
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    (k)
      Death
      of Optionholder. In the event (i) an Optionholder's Continuous Service
      terminates as a result of the Optionholder's death or (ii) the Optionholder
      dies
      within the period (if any) specified in the Option Agreement after the
      termination of the Optionholder's Continuous Service for a reason other than
      death, then the Option may be exercised (to the extent the Optionholder was
      entitled to exercise such Option as of the date of death) by the Optionholder's
      estate, by a person who acquired the right to exercise the Option by bequest
      or
      inheritance or by a person designated to exercise the option upon the
      Optionholder's death pursuant to Section 6(e) or 6(f), but only within the
      period ending on the earlier of (1) the date eighteen (18) months following
      the
      date of death (or such longer or shorter period specified in the Option
      Agreement) or (2) the expiration of the term of such Option as set forth in
      the
      Option Agreement. If, after death, the Option is not exercised within the time
      specified herein, the Option shall terminate.

    

    (l)
      Early
      Exercise. The Option may, but need not, include a provision whereby the
      Optionholder may elect at any time before the Optionholder's Continuous Service
      terminates to exercise the Option as to any part or all of the shares of Common
      Stock subject to the Option prior to the full vesting of the Option. Any
      unvested shares of Common Stock so purchased may be subject to a repurchase
      option in favor of the Company or to any other restriction the Board determines
      to be appropriate. The Company will not exercise its repurchase option until
      at
      least six (6) months (or such longer or shorter period of time required to
      avoid
      a charge to earnings for financial accounting purposes) have elapsed following
      exercise of the Option unless the Board otherwise specifically provides in
      the
      Option.

    

    7.
      PROVISIONS OF STOCK AWARDS OTHER THAN OPTIONS.

    

    (a)
      Stock
      Bonus Awards. Each stock bonus agreement shall be in such form and shall contain
      such terms and conditions as the Board shall deem appropriate. The terms and
      conditions of stock bonus agreements may change from time to time, and the
      terms
      and conditions of separate stock bonus agreements need not be identical, but
      each stock bonus agreement shall include (through incorporation of provisions
      hereof by reference in the agreement or otherwise) the substance of each of
      the
      following provisions: 

    

    (i)
      Consideration. A stock bonus may be awarded in consideration for past services
      actually rendered to the Company or an Affiliate for its benefit;

    

    (ii)
      Vesting. Shares of Common Stock awarded under the stock bonus agreement may,
      but
      need not, be subject to a share repurchase option in favor of the Company in
      accordance with a vesting schedule to be determined by the Board;

     

    
      
        
        

      

      
        Page
          11

        
          

        

      

      
        
        

      

    

    

    (iii)
      Termination of Participant's Continuous Service. In the event a Participant's
      Continuous Service terminates, the Company may reacquire any or all of the
      shares of Common Stock held by the Participant which have not vested as of
      the
      date of termination under the terms of the stock bonus agreement;
      and

    

    (iv)
      Transferability. Rights to acquire shares of Common Stock under the stock bonus
      agreement shall be transferable by the Participant only upon such terms and
      conditions as are set forth in the stock bonus agreement, as the Board shall
      determine in its discretion, so long as Common Stock awarded under the stock
      bonus agreement remains subject to the terms of the stock bonus
      agreement.

    

    (b)
      Restricted Stock Awards. Each restricted stock purchase agreement shall be
      in
      such form and shall contain such terms and conditions as the Board shall deem
      appropriate. The terms and conditions of the restricted stock purchase
      agreements may change from time to time, and the terms and conditions of
      separate restricted stock purchase agreements need not be identical, but each
      restricted stock purchase agreement shall include (through incorporation of
      provisions hereof by reference in the agreement or otherwise) the substance
      of
      each of the following provisions:

    

    (i)
      Purchase Price. The purchase price under each restricted stock purchase
      agreement shall be such amount as the Board shall determine and designate in
      such restricted stock purchase agreement. The purchase price of restricted
      stock
      awards shall not be less than eighty-five percent (85%) of the Common Stock's
      Fair Market Value on the date such award is made or at the time the purchase
      is
      consummated;

    

    (ii)
      Consideration. The purchase price of Common Stock acquired pursuant to the
      restricted stock purchase agreement shall be paid either: (i) in cash at the
      time of purchase; (ii) at the discretion of the Board, according to a deferred
      payment or other similar arrangement with the Participant; or (iii) in any
      other
      form of legal consideration that may be acceptable to the Board in its
      discretion; provided, however, that at any time that the Company is incorporated
      in Delaware, then payment of the Common Stock's "par value," as defined in
      the
      Delaware General Corporation Law, shall not be made by deferred
      payment;

    

    (iii)
      Vesting. Shares of Common Stock acquired under the restricted stock purchase
      agreement may, but need not, be subject to a share repurchase option in favor
      of
      the Company in accordance with a vesting schedule to be determined by the
      Board.;

    

    (iv)
      Termination of Participant's Continuous Service. In the event a Participant's
      Continuous Service terminates, the Company may repurchase or otherwise reacquire
      any or all of the shares of Common Stock held by the Participant which have
      not
      vested as of the date of termination under the terms of the restricted stock
      purchase agreement; and

     

    
      
        
        

      

      
        Page
          12

        
          

        

      

      
        
        

      

    

    

    (v)
      Transferability. Rights to acquire shares of Common Stock under the restricted
      stock purchase agreement shall be transferable by the Participant only upon
      such
      terms and conditions as are set forth in the restricted stock purchase
      agreement, as the Board shall determine in its discretion, so long as Common
      Stock awarded under the restricted stock purchase agreement remains subject
      to
      the terms of the restricted stock purchase agreement.

    

    8.
      COVENANTS OF THE COMPANY.

    

    (a)
      Availability of Shares. During the terms of the Stock Awards, the Company shall
      keep available at all times the number of shares of Common Stock required to
      satisfy such Stock Awards.

    

    (b)
      Securities Law Compliance. The Company shall seek to obtain from each regulatory
      commission or agency having jurisdiction over the Plan such authority as may
      be
      required to grant Stock Awards and to issue and sell shares of Common Stock
      upon
      exercise of the Stock Awards; provided, however, that this undertaking shall
      not
      require the Company to register under the Securities Act the Plan, any Stock
      Award or any Common Stock issued or issuable pursuant to any such Stock Award.
      If, after reasonable efforts, the Company is unable to obtain from any such
      regulatory commission or agency the authority which counsel for the Company
      deems necessary for the lawful issuance and sale of Common Stock under the
      Plan,
      the Company shall be relieved from any liability for failure to issue and sell
      Common Stock upon exercise of such Stock Awards unless and until such authority
      is obtained.

    

    9.
      USE OF
      PROCEEDS FROM STOCK. 

    

    Proceeds
      from the sale of Common Stock pursuant to Stock Awards shall constitute general
      funds of the Company.

    

    10.
      MISCELLANEOUS

    

    (a)
      Acceleration of Exercisability and Vesting. The Board shall have the power
      to
      accelerate the time at which a Stock Award may first be exercised or the time
      during which a Stock Award or any part thereof will vest in accordance with
      the
      Plan, notwithstanding the provisions in the Stock Award stating the time at
      which it may first be exercised or the time during which it will
      vest.

    

    (b)
      Stockholder Rights. No Participant shall be deemed to be the holder of, or
      to
      have any of the rights of a holder with respect to, any shares of Common Stock
      subject to such Stock Award unless and until such Participant has satisfied
      all
      requirements for exercise of the Stock Award pursuant to its terms.

     

    
      
        
        

      

      
        Page
          13

        
          

        

      

      
        
        

      

    

    

    (c)
      No
      Employment or other Service Rights. Nothing in the Plan or any instrument
      executed or Stock Award granted pursuant thereto shall confer upon any
      Participant any right to continue to serve the Company or an Affiliate in the
      capacity in effect at the time the Stock Award was granted or shall affect
      the
      right of the Company or an Affiliate to terminate (i) the employment of an
      Employee with or without notice and with or without Cause, (ii) the service
      of a
      Consultant pursuant to the terms of such Consultant's agreement with the Company
      or an Affiliate or (iii) the service of a Director pursuant to the Bylaws of
      the
      Company or an Affiliate, and any applicable provisions of the corporate law
      of
      the state in which the Company or the Affiliate is incorporated, as the case
      may
      be.

    

    (d)
      Incentive Stock Option $100,000 Limitation. To the extent that the aggregate
      Fair Market Value (determined at the time of grant) of Common Stock with respect
      to which Incentive Stock Options are exercisable for the first time by any
      Optionholder during any calendar year (under all plans of the Company and its
      Affiliates) exceeds one hundred thousand dollars ($100,000), the Options or
      portions thereof which exceed such limit (according to the order in which they
      were granted) shall be treated as Nonstatutory Stock Options.

    

    (e)
      Investment Assurances. The Company may require a Participant, as a condition
      of
      exercising or acquiring Common Stock under any Stock Award, (i) to give written
      assurances satisfactory to the Company as to the Participant's knowledge and
      experience in financial and business matters and/or to employ a purchaser
      representative reasonably satisfactory to the Company who is knowledgeable
      and
      experienced in financial and business matters and that he or she is capable
      of
      evaluating, alone or together with the purchaser representative, the merits
      and
      risks of exercising the Stock Award; and (ii) to give written assurances
      satisfactory to the Company stating that the Participant is acquiring Common
      Stock subject to the Stock Award for the Participant's own account and not
      with
      any present intention of selling or otherwise distributing the Common Stock.
      The
      foregoing requirements, and any assurances given pursuant to such requirements,
      shall be inoperative if (1) the issuance of the shares of Common Stock upon
      the
      exercise or acquisition of Common Stock under the Stock Award has been
      registered under a then currently effective registration statement under the
      Securities Act or (2) as to any particular requirement, a determination is
      made
      by counsel for the Company that such requirement need not be met in the
      circumstances under the then applicable securities laws. The Company may, upon
      advice of counsel to the Company, place legends on stock certificates issued
      under the Plan as such counsel deems necessary or appropriate in order to comply
      with applicable securities laws, including, but not limited to, legends
      restricting the transfer of the Common Stock.

     

    
      
        
        

      

      
        Page
          14

        
          

        

      

      
        
        

      

    

    

    (f)
      Withholding Obligations. To the extent provided by the terms of a Stock Award
      Agreement, the Participant may satisfy any federal, state or local tax
      withholding obligation relating to the exercise or acquisition of Common Stock
      under a Stock Award by any of the following means (in addition to the Company's
      right to withhold from any compensation paid to the Participant by the Company)
      or by a combination of such means: (i) tendering a cash payment; (ii)
      authorizing the Company to withhold shares of Common Stock from the shares
      of
      Common Stock otherwise issuable to the Participant as a result of the exercise
      or acquisition of Common Stock under the Stock Award, provided, however, that
      no
      shares of Common Stock are withheld with a value exceeding the minimum amount
      of
      tax required to be withheld by law; or (iii) delivering to the Company owned
      and
      unencumbered shares of Common Stock.

    

    11.
      ADJUSTMENTS UPON CHANGES IN STOCK.

    

    (a)
      Capitalization Adjustments. If any change is made in, or other event occurs
      with
      respect to, the Common Stock subject to the Plan, or subject to any Stock Award,
      without the receipt of consideration by the Company (through merger,
      consolidation, reorganization, recapitalization, reincorporation, stock
      dividend, dividend in property other than cash, stock split, liquidating
      dividend, combination of shares, exchange of shares, change in corporate
      structure or other transaction not involving the receipt of consideration by
      the
      Company), the Plan will be appropriately adjusted in the class(es) and maximum
      number of securities subject to the Plan pursuant to Section 4(a) and 4(b)
      and
      the maximum number of securities subject to award to any person pursuant to
      Section 5(c), and the outstanding Stock Awards will be appropriately adjusted
      in
      the class(es) and number of securities and price per share of Common Stock
      subject to such outstanding Stock Awards. The Board shall make such adjustments,
      and its determination shall be final, binding and conclusive. (The conversion
      of
      any convertible securities of the Company shall not be treated as a transaction
      "without receipt of consideration" by the Company.)

    

    (b)
      Dissolution or Liquidation. In the event of a dissolution or liquidation of
      the
      Company, then all outstanding Stock Awards shall terminate immediately prior
      to
      the completion of such dissolution or liquidation.

    

    (c)
      Corporate Transaction. In the event of a Corporate Transaction, any surviving
      corporation or acquiring corporation may assume any or all Stock Awards
      outstanding under the Plan or may substitute similar stock awards for Stock
      Awards outstanding under the Plan (it being understood that similar stock awards
      include awards to acquire the same consideration paid to the stockholders or
      the
      Company, as the case may be, pursuant to the Corporate Transaction). In the
      event any surviving corporation or acquiring corporation does not assume any
      or
      all such outstanding Stock Awards or substitute similar stock awards for such
      outstanding Stock Awards, then with respect to Stock Awards that have been
      neither assumed nor substituted and that are held by Participants whose
      Continuous Service has not terminated prior to the effective time of the
      Corporate Transaction, the vesting of such Stock Awards (and, if applicable,
      the
      time during at which such Stock Awards may be exercised) shall (contingent
      upon
      consummation of such Corporate Transaction) be accelerated in full to a date
      prior to the consummation of such Corporate Transaction as the Board shall
      determine (or, if the Board shall not determine such a date, to the date that
      is
      five (5) days prior to the consummation of the Corporate Transaction), and
      the
      Stock Awards shall terminate if not exercised (if applicable) at or prior to
      such event effective time. With respect to any other Stock Awards outstanding
      under the Plan, that have been neither assumed nor substituted, the vesting
      of
      such Stock Awards (and, if applicable, the time at which such Stock Award may
      be
      exercised) shall not be accelerated unless otherwise provided in a written
      agreement between the Company or any Affiliate and the holder of such Stock
      Award, and such Stock Awards shall terminate if not exercised (if applicable)
      prior to the effective time of the Corporate Transaction.

     

    
      
        
        

      

      
        Page
          15

        
          

        

      

      
        
        

      

    

    

    12.
      AMENDMENT OF THE PLAN AND STOCK AWARDS.

    

    (a)
      Amendment of Plan. The Board at any time, and from time to time, may amend
      the
      Plan. However, except as provided in Section 11 relating to adjustments upon
      changes in Common Stock, no amendment shall be effective unless approved by
      the
      stockholders of the Company to the extent stockholder approval is necessary
      to
      satisfy the requirements of Section 422 of the Code.

    

    (b)
      Stockholder Approval. The Board may, in its sole discretion, submit any other
      amendment to the Plan for stockholder approval, including, but not limited
      to,
      amendments to the Plan intended to satisfy the requirements of Section 162(m)
      of
      the Code and the regulations thereunder regarding the exclusion of
      performance-based compensation from the limit on corporate deductibility of
      compensation paid to certain executive officers.

    

    (c)
      Contemplated Amendments. It is expressly contemplated that the Board may amend
      the Plan in any respect the Board deems necessary or advisable to provide
      eligible Employees with the maximum benefits provided or to be provided under
      the provisions of the Code and the regulations promulgated thereunder relating
      to Incentive Stock Options and/or to bring the Plan and/or Incentive Stock
      Options granted under it into compliance therewith.

     

    
      
        
        

      

      
        Page
          16

        
          

        

      

      
        
        

      

    

    

    (d)
      No
      Impairment of Rights. Rights under any Stock Award granted before amendment
      of
      the Plan shall not be impaired by any amendment of the Plan unless (i) the
      Company requests the consent of the Participant and (ii) the Participant
      consents in writing.

     

    (e)
      Amendment of Stock Awards. The Board at any time, and from time to time, may
      amend the terms of any one or more Stock Awards; provided, however, that the
      rights under any Stock Award shall not be impaired by any such amendment unless
      (i) the Company requests the consent of the Participant and (ii) the Participant
      consents in writing.

    

    13.
      TERMINATION OR SUSPENSION OF THE PLAN.

    

    (a)
      Plan
      Term. The Board may suspend or terminate the Plan at any time. Unless sooner
      terminated, the Plan shall terminate on the day before the tenth (10th)
      anniversary of the date the Plan is adopted by the Board or approved by the
      stockholders of the Company, whichever is earlier. No Stock Awards may be
      granted under the Plan while the Plan is suspended or after it is
      terminated.

    

    (b)
      No
      Impairment of Rights. Suspension or termination of the Plan shall not impair
      rights and obligations under any Stock Award granted while the Plan is in effect
      except with the written consent of the Participant.

    

    14.
      EFFECTIVE DATE OF PLAN.

    

    The
      Plan
      shall become effective as determined by the Board, but no Stock Award shall
      be
      exercised (or, in the case of a stock bonus, shall be granted) unless and until
      the Plan has been approved by the stockholders of the Company, which approval
      shall be within twelve (12) months before or after the date the Plan is adopted
      by the Board.

    

    15.
      CHOICE OF LAW.

    

    The
      law
      of the State of Delaware shall govern all questions concerning the construction,
      validity and interpretation of this Plan, without regard to such state's
      conflict of laws rules.

     

    
      
        
        

      

      
        Page
          17Exhibit
      10.3

     

    ASSET
      PURCHASE AGREEMENT

     

    THIS
      AGREEMENT (the “Agreement”) is made as of this 15th
      day of
      September, 2006

     

    BETWEEN:

     

    PACIFIC
      COPPER CORP.,
      a
      company incorporated under the laws of the State of Delaware 

     

    (hereinafter
      referred to as the “Purchaser”)

     

    AND:

     

    The
      Parties listed on Schedule A

     

    (hereinafter
      collectively referred to as the “Vendors”)

     

    AND:

     

    MULTI
      METALS MINING CORP.,
      a
      company incorporated under the laws
      of
      the State of Nevada

     

    (hereinafter
      referred to as the “Trustee”)

     

    WHEREAS
      the Purchaser wishes to purchase certain mineral claims (the “Claims”) in the
      County of Okanogan, State of Washington, from the Vendors;

     

    WHEREAS
      the Vendors are prepared to sell Claims to the Purchaser;

     

    WHEREAS
      the Trustee is the registered owner of the Claims being held in trust for the
      Vendors.

     

    NOW
      THEREFORE, in consideration of the mutual covenants and agreements herein
      contained and subject to the terms and conditions hereafter set out, the parties
      hereto agree as follows:

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	1.	
              PURCHASE
                AND SALE

            

    

     

    1.01  The
      Vendors hereby sells and transfers to the Purchaser, and the Purchaser hereby
      buys and accepts from the Vendors, all of the Vendor’s right, title and interest
      in and to the Claims in consideration of the sum of $500,000.00 Dollars, payable
      in 5,000,000 common shares in the capital of the Purchaser (the “Shares”),
      to be
      paid and delivered to the Vendors on closing, in accordance with the number
      of
      shares listed opposite their names on Schedule A.

     

    
      	2.	
              CLOSING
                DATE 

            

    

     

    2.01  In
      this
      Agreement, “Closing
      Date”
      means
      October 16, 2006, or such other date as may be agreed to by the parties
      hereto.

     

    
      	3.	
              TRANSFER
                OF TITLE

            

    

     

    3.01  On
      the
      Closing Date, the Trustee shall deliver to the Purchaser a recordable Bills
      of
      Sale or other applicable conveyancing documentation sufficient to affect the
      transfer of a 100% interest in and to the Claims to the Purchaser. Vendors
      and
      the Trustee agree to execute such further documentation as may be necessary
      or
      desirable to evidence such transfer of title and/or to record such transfer
      in
      appropriate registries, at the request of Purchaser.

     

    
      	4.	
              RIGHT
                OF ENTRY

            

    

     

    4.01  The
      Purchaser, its servants, agents and workmen and any persons duly authorized
      by
      the Purchaser following execution of this Agreement, shall have the exclusive
      right to enter upon and take possession of and prospect, explore and develop
      the
      Claims in such manner as the Purchaser in its sole discretion may deem
      advisable.

     

    
      	5.	
              REPRESENTATIONS
                AND WARRANTIES OF THE VENDORS

            

    

     

    5.01  The
      Vendors hereby represent and warrant to the Purchaser that:

     

    
      	(a)  	
              they
                have the power and authority to enter into this Agreement and the
                corporations included among the Vendors are in good standing under
                the
                laws of the jurisdiction in which they are
                incorporated;

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	(b)  	
              immediately
                prior to the closing of this Agreement they are the beneficial owner,
                and
                the Trustee is the recorded title owner, of a 100% interest in and
                to the
                Claims and the Claims are not subject to any liens or encumbrances
                of any
                kind whatsoever;

            

    

     

    
      	(c)  	
              the
                Claims have been validly located and are now duly recorded and in
                good
                standing substantially in accordance with the laws in effect in the
                jurisdiction in which they are
                situated;

            

    

     

    
      	(d)  	
              the
                entering into this Agreement does not conflict with any applicable
                law nor
                does it conflict with, or result in a breach of or accelerate the
                performance required by, any contract or other commitment to which
                they
                are a party or by which they are
                bound;

            

    

     

    
      	(e)  	
              they
                have the exclusive right to enter into this Agreement and all necessary
                authority to assign to the Purchaser all of their right, title and
                interest in and to the Claims in accordance with the terms and conditions
                of this Agreement;

            

    

     

    
      	(f)  	
              the
                Claims are free and clear of all liens and encumbrances and are in
                good
                standing with the United States Department of the Interior - Bureau
                of
                Land Management until August 31,
                2007;

            

    

     

    
      	(g)  	
              there
                are no outstanding or, to the best of the Vendor’s information, knowledge
                and belief, proposed, threatened or contemplated actions or suits
                which,
                if successful, would or could affect the market value or ownership
                of the
                Claims or any portion thereof;

            

    

     

    
      	(h)  	
              conditions
                on and relating to the Claims are in compliance with all applicable
                laws,
                regulations and orders relating to environmental matters, including,
                but
                not limited to, waste disposal and storage and Vendors are not aware
                of
                any conditions with respect to the Claims that could give rise to
                environmental claims that would impair the Purchaser’s development of the
                Claims;

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	(i)  	
              there
                are no reclamation liabilities to be carried out in the future,
                outstanding work orders or actions required to be taken relating
                to the
                Claims or the condition of the Claims, or any operations that have
                been
                carried out thereon; 

            

    

     

    
      	(j)  	
              on
                the Closing Date the Vendors will deliver to the Purchaser copies
                of all
                reports, maps and other documents and or materials relating to the
                Claims
                in the Vendor’s possession;

            

    

     

    
      	(k)  	
              the
                Vendors have been informed as to, and are familiar with, the business
                activities of the Purchaser and its affiliates, and has had an opportunity
                and proceeded, or waived the opportunity, to (i) review the books
                and
                records of the Purchaser and its affiliates and to ask questions
                of, and
                receive answers from, appropriate representatives of the Purchaser
                and its
                affiliates concerning the Purchaser and its affiliates and the terms
                and
                conditions of this Agreement, and (ii) obtain and review all additional
                information relating to the history and proposed business plan of
                the
                Purchaser and its affiliates that it deems
                necessary;

            

    

     

    
      	(l)  	
              the
                Vendors fully understand that the Shares have not been registered
                under
                the Securities Act of 1933 as amended (the “Securities Act”) in reliance
                upon exemptions therefrom, and, accordingly, to the extent that it
                is not
                supplied with the information which would have been contained in
                a
                registration statement filed under the Securities Act, it must rely
                on its
                own access to such information;

            

    

     

    
      	(m)  	
              the
                Vendors have had an opportunity to obtain and have obtained a general
                and
                complete understanding satisfactory to it of the Purchaser, its affiliates
                and their services, potential assets, finances, and manner of doing
                business sufficient to permit it to evaluate (i) the Purchaser and
                its
                prospects and (ii) the risks and merits of accepting the Shares in
                payment
                for the Claims;

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	(n)  	
              the
                Vendors (i) recognize that accepting the Shares involves risk, (ii)
                have
                carefully considered whether accepting he Shares is appropriate,
                and (iii)
                have obtained such individual financial, tax and legal advice as
                they deem
                necessary or appropriate to fully understand the risks involved and
                to
                evaluate accepting the Shares;

            

    

     

    
      	(o)  	
              the
                Vendors recognize that they must bear the economic risk involved
                in
                accepting the Shares for an indefinite period of time because, among
                other
                reasons, the Shares have not been registered under the Securities
                Act and
                therefore cannot be sold, pledged, assigned or otherwise disposed
                of
                unless (i) they are subsequently registered under the Securities
                Act or
                (ii) an exemption from such registration is available and an opinion
                of
                counsel acceptable to the Purchaser that the transfer is not in violation
                of any federal securities act or state securities law is provided
                to the
                Purchaser;

            

    

     

    
      	(p)  	
              the
                Vendors recognize that there is no current market for the Shares;
                that
                there can be no assurances that such a market will exist any time
                in the
                future and accordingly they may not be able to sell or dispose of
                any of
                the Shares even if they hold them for a number of years; that their
                right
                to transfer the Shares will be restricted by federal and state securities
                laws and a legend to this effect will be placed on the certificates
                representing the Shares and that such laws impose strict limitations
                upon
                such transfer; and the Purchaser is under no obligation in connection
                with
                the subsequent transfer thereof by them or to aid them in obtaining
                an
                exemption from such registration;

            

    

     

    
      	(q)  	
              the
                Vendors acknowledge that the Share certificate representing the purchase
                price shall be legended with a legend substantially in the following
                form:

            

    

     

    THE
      SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED OR APPLICABLE STATE SECURITIES LAWS. THESE
      SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE
      ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITY UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED, AND QUALIFICATION UNDER ANY APPLICABLE
      STATE
      SECURITIES LAWS OR (B) AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE
      COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE
      SECURITIES LAWS. ANY PURPORTED TRANSFER OR OTHER DISPOSITION OF THE SECURITIES
      REPRESENTED BY THIS CERTIFICATE IN ANY MANNER WHICH IS IN VIOLATION OF THE
      FOREGOING LIMITATIONS IS INVALID AND THE COMPANY WILL NOT TRANSFER SUCH
      INVALIDLY TRANSFERRED SECURITY ON THE BOOKS OF THE COMPANY.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	(r)  	
              At
                Closing Vendors will be deemed to have instructed and authorized
                the
                Trustee to convey title to the Claims to the
                Purchaser.

            

    

     

    5.02  The
      representations and warranties hereinbefore set out are conditions upon which
      the Purchaser has relied in entering into this Agreement and shall survive
      the
      Closing Date by a period of 24 months, except that the representation and
      warranty of Vendors pursuant to Sections 5.01 (b), (c), (d), (e) and (f) shall
      survive indefinitely. The Vendors hereby indemnify and save the Purchaser
      harmless from all loss, damage, costs, actions and suits arising out of or
      in
      connection with any breach of any representation or warranty made by it and
      contained in this Agreement.

     

    
      	6.	
              REPRESENTATIONS
                AND WARRANTIES OF THE
                TRUSTEE

            

    

     

    6.01  The
      Trustee represents and warrants to the Purchaser and the Vendors
      that:

     

    
      	 	
              (a)

            	
              it
                has full corporate power and authority to enter into this Agreement
                and
                the entering into of this Agreement does not conflict with any applicable
                laws or with its charter documents nor does it conflict with, or
                result in
                a breach of, or accelerate the performance required by any contract
                or
                other commitment to which it is party or by which it is
                bound;

            

    

     

    
      	 	
              (b)

            	
              it
                has no beneficial interest in the Claims and acts only as a trustee
                holding title for the Vendors;

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (c)

            	
              the
                Claims have been validly located and are now duly recorded and in
                good
                standing substantially in accordance with the laws in effect in the
                jurisdiction in which they are
                situated;

            

    

     

    
      	
            	(d)	
              the
                entering into this Agreement does not conflict with any applicable
                law nor
                does it conflict with, or result in a breach of or accelerate the
                performance required by, any contract or other commitment to which
                it is a
                party or by which they are bound;

            

    

     

    
      	
            	(e)	
              it
                has the right to enter into this Agreement and, with instruction
                and
                consent of the Vendors which is given by this Agreement, all necessary
                authority to assign to the Purchaser all of their right, title and
                interest in and to the Claims in accordance with the terms and conditions
                of this Agreement;

            

    

     

    
      	
            	(f)	
              the
                Claims are free and clear of all liens and encumbrances and are in
                good
                standing with sustaining fees paid to August 31,
                2007;

            

    

     

    
      	
            	(g)	
              there
                are no outstanding or, to the best of the Trustee’s information, knowledge
                and belief, proposed, threatened or contemplated actions or suits
                which,
                if successful, would or could affect the market value or ownership
                of the
                Claims or any portion thereof;

            

    

     

    
      	
            	(h)	
              conditions
                on and relating to the Claims are in compliance with all applicable
                laws,
                regulations and orders relating to environmental matters, including,
                but
                not limited to, waste disposal and storage and Trustee are not aware
                of
                any conditions with respect to the Claims that could give rise to
                environmental claims that would impair the Purchaser’s development of the
                Claims;

            

    

     

    
      	
            	(i)	
              to
                the best of the Trustee’s knowledge, there are no reclamation liabilities
                to be carried out in the future, outstanding work orders or actions
                required to be taken relating to the condition of the Claims, or
                any
                operations that have been carried out
                thereon.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    6.02 The
      representations and warranties hereinbefore set out are conditions upon which
      the Vendors and the Purchaser have relied on entering into this Agreement and
      shall survive the Closing Date. The Trustee hereby indemnifies and saves the
      Vendors and the Purchaser harmless from all loss, damage, costs, actions and
      suits arising out of or in connection with any breach of any representation
      or
      warranty made by it and contained in this Agreement.

     

    
      	7.	
              REPRESENTATIONS
                AND WARRANTIES OF THE
                PURCHASER

            

    

     

    7.01  The
      Purchaser represents and warrants to the Vendors that:

     

    
      	 	
              (a)

            	
              it
                has full corporate power and authority to enter into this Agreement
                and
                the entering into of this Agreement does not conflict with any applicable
                laws or with its charter documents nor does it conflict with, or
                result in
                a breach of, or accelerate the performance required by any contract
                or
                other commitment to which it is party or by which it is
                bound;

            

    

     

    
      	 	
              (b)

            	
              the
                shares to be delivered to the Vendors upon the Closing Date will
                be duly
                and validly authorized and issued and
                non-assessable.

            

    

     

    7.02 The
      representations and warranties hereinbefore set out are conditions upon which
      the Vendors and the Trustee have relied on entering into this Agreement and
      shall survive the Closing Date. The Purchaser hereby indemnifies and saves
      the
      Vendors and the Trustee harmless from all loss, damage, costs, actions and
      suits
      arising out of or in connection with any breach of any representation or
      warranty made by it and contained in this Agreement.

     

    
      	8.	
              INDEPENDENT
                ACTIVITIES

            

    

     

    8.01  No
      joint
      venture is created by this Agreement. Except as expressly provided herein,
      each
      party shall have the free and unrestricted right to independently engage in
      and
      receive the full benefit of any and all business endeavours of any sort
      whatsoever, whether or not competitive with the endeavours contemplated herein
      without consulting the other or inviting or allowing the other to participate
      therein. No party shall be under any fiduciary or other duty to the other which
      will prevent it from engaging in or enjoying the benefits of competing
      endeavours within the general scope of the endeavours contemplated herein.
      The
      legal doctrines of "corporate opportunity" sometimes applied to persons engaged
      in a joint venture or having fiduciary status shall not apply in the case of
      any
      party. In particular, without limiting the foregoing, no party shall have an
      obligation to any other party as to:

     

    
      	 	
              (a)

            	
              any
                opportunity to acquire, explore and develop any mining property,
                interest
                or right presently owned by it or offered to it outside of the Claims
                at
                any time; and

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	 	
              (b)

            	
              the
                erection of any mining plant, mill, smelter or refinery, whether
                or not
                such mining plant, mill, smelter or refinery treats ores or concentrates
                from the Claims.

            

    

     

    
      	9.	
              CONFIDENTIALITY
                OF INFORMATION

            

    

     

    9.01  The
      parties hereto shall, subject to the exceptions set out hereinafter, treat
      all
      data, reports, records and other information relating to this agreement and
      the
      Claims as confidential. While this Agreement is in effect and prior to closing,
      no party hereto shall, without the express written consent of the other,
      disclose to any third party any information concerning the results of the
      operations hereunder nor issue any press releases concerning this Agreement
      or
      its exploration operations except where such disclosure is mandatory under
      the
      law or is deemed necessary by the disclosing party's counsel for the
      satisfaction by the disclosing party of its obligations under applicable
      securities law, and the disclosing party has, prior to the public disclosure,
      given the non-disclosing parties a draft copy of the disclosure.

     

    
      	10.	
              ARBITRATION

            

    

     

    10.01  Any
      controversy between the parties hereto involving any claim arising out of or
      relating to this Agreement, will be submitted to and be settled by final and
      binding arbitration in Las Vegas, Nevada, in accordance with the then current
      Commercial Arbitration Rules of the American Arbitration Association (the
“AAA”), and judgment upon the award rendered by the arbitrators may be entered
      in any court having jurisdiction thereof. Such arbitration shall be conducted
      by
      three (3) arbitrators chosen by the Vendors, the Trustees and the Purchaser,
      or
      failing such agreement, an arbitrator experienced in the sale of similar mineral
      assets appointed by the AAA. There shall be limited discovery prior to the
      arbitration hearing as follows: (a) exchange of witness lists and copies of
      documentary evidence and documents relating to or arising out of the issues
      to
      be arbitrated, (b) depositions of all party witnesses, and (c) such other
      depositions as may be allowed by the arbitrators upon a showing of good cause.
      Depositions shall be conducted in accordance with the Nevada Code of Civil
      Procedure, the arbitrator(s) shall be required to provide in writing to the
      parties the basis for the award or order of such arbitrator(s), and a court
      reporter shall record all hearings, with such record constituting the official
      transcript of such proceedings.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    
      	11.	
              NOTICES

            

    

     

    11.01  Any
      notice, election, consent or other writing required or permitted to be given
      hereunder shall be deemed to be sufficiently given if delivered or if mailed
      by
      registered air mail or by fax, addressed as follows:

     

    In
      the
      case of the Vendors:

     

    As
      per Schedule A
      attached
      hereto

     

    In
      the
      case of the Purchaser:

    

    Pacific
      Copper Corp.

    1226
      White Oaks Blvd., Suite 10A

    Oakville,
      Ontario

    Canada
      L6H 2B9

    Fax
      #905-845-1839

    Attention:
      Stafford Kelley

     

    In
      the
      case of the Trustee:

    

    Multi
      Metal Mining Corp.

    3155
      E,
      Patrick Lane, Suite 1

    Las
      Vegas, Nevada

    USA
      89120-3481

    Attention:
      Larry Sostad

     

    and
      any
      such notice given as aforesaid shall be deemed to have been given to the parties
      hereto if delivered, when delivered, or if mailed, on the tenth business day
      following the date of mailing, or, if faxed, on the next succeeding day
      following the faxing thereof PROVIDED HOWEVER that during the period of any
      postal interruption in either the country of mailing or the country of delivery,
      any notice given hereunder by mail shall be deemed to have been given only
      as of
      the date of actual delivery of the same. Any party may from time to time by
      notice in writing change its address for the purpose of this
      paragraph.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    
      	12.	
              GENERAL
                TERMS AND CONDITIONS

            

    

     

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

     

    12.02  This
      Agreement shall represent the entire understanding between the parties with
      respect to the Claims. No representations or inducements have been made save
      as
      herein set forth. No changes, alterations, or modifications of this Agreement
      shall be binding upon any party until and unless an amendment to this Agreement
      or a memorandum in writing to such effect shall have been signed by all parties
      hereto.

     

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

     

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

     

    12.05  This
      Agreement shall be governed by and interpreted in accordance with the laws
      in
      effect in the State of Delaware.

     

    12.06  This
      Agreement shall enure to the benefit of and be binding upon the parties hereto
      and their respective successors and assigns.

     

    12.07     This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed an original, and all of which together shall constitute one and the
      same
      instrument. Execution and delivery of this Agreement by exchange of facsimile
      copies bearing facsimile signature of a party shall constitute a valid and
      binding execution and delivery of this Agreement by such party. Such facsimile
      copies shall constitute enforceable original documents.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    12.08  Time
      shall be of the essence of this Agreement.

     

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

    
      	 	 	 
	 	PACIFIC
              COPPER CORP.
	 
 	 
 	 
 
	 	By:  	/s/
              Todd Montgomery
	 	
              
Its: President
	 	 
	 	/s/ W. G. Timmins
	 	
              
                

              

              William (Bill)
                Timmins

            
	 	 
	 	/s/ Larry
              Sostad 
	 	
              
                

              

              Larry Sostad

            
	 	 
	 	/s/ Patricia L. Shore
	 	
              
                

              

              Patricia
                Lorraine Shore

            

    

    
    

     

    
      	 	 	 
	 	Agosto
              Corporation Limited
	 
 	 
 	 
 
	 	By:  	/s/
              Dr. T. Gordon Murphy
	 	
               

              Its:

            	
              
Director
	 	 
	 	American General
              Holdings
              Inc.
	 	 
	 	By:	 /s/
              Cristina Venus Sasso de Hoos
	 	
               

              Its:

            	
              
President
	 	 	 
	 	Johnson Household
              Corp.
	 	 	 
	 	By:	/s/ Melvin Omar Cisneros
	 	
               

              Its:

            	
              
President
	 	 	 
	 	Wells International
              Corp.
	 	 	 
	 	By:	/s/ Melvin Antonio Plicet
	 	
               

              Its:

            	
              
Sole
              Director
	 	 	 
	 	MULTI METAL MINING
              CORP.
	 	 	 
	 	By:	/s/ Larry Sostad
	 	
               

              Its:

            	
              
President

    

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      A

    

      
        	 	 	
                #
                  of Shares

              
	 	 	 
	
                William
                  (Bill) Timmins

              	 	
                500,000

              
	
                #3
                  - 950 Lanfranco Rd.

              	 	 
	
                Kelowna,
                  B.C. V1M 3W8

              	 	 
	 	 	 
	
                Larry
                  Sostad

              	 	
                850,000

              
	
                160,
                  5th
                  St. W., #208

              	 	 
	
                North
                  Vancouver, B.C. V7M 1J8

              	 	 
	 	 	 
	
                Patricia
                  Lorraine Shore

              	 	
                150,000

              
	
                3596
                  Saxman Rd.

              	 	 
	
                Nanaimo,
                  B.C. V9R 2G8

              	 	 
	 	 	 
	
                Agosto
                  Corporation Limited

              	 	
                1,500,000

              
	
                Katherine
                  E. Christopher Building

              	 	 
	
                P.
                  O. Box 144 Road Town, Tortola

              	 	 
	
                British
                  Virgin Islands

              	 	 
	 	 	 
	
                American
                  General Holdings Inc.

              	 	
                800,000

              
	
                10
                  Elvira Mendez Street, Top Floor

              	 	 
	
                Panama,
                  Republic of Panama

              	 	 
	 	 	 
	
                Johnson
                  Household Corp

              	 	
                400,000

              
	
                10
                  Elvira Mendez Street, Top Floor

              	 	 
	
                Panama,
                  Republic of Panama

              	 	 
	 	 	 
	
                Wells
                  International Corp

              	 	
                800,000

              
	
                The
                  Belize Bank Limited

              	 	 
	
                60
                  Market Square

              	 	 
	
                P.
                  O. Box 364

              	 	 
	
                Belize
                  City, Belize

              	 	 

      

    

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      B

     

    THE
      “CLAIMS”

     

    
      	
              Claim
                Name

            	 	
              Claim
                Number

            
	
              Fawn
                1 - 36

            	 	
              3095085
                to
                3095120

            
	
              CU
                1 - 42

            	 	
              3095121
                to
                3095162

            

    

    

    
      
        
        

      

      
        14

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