Document:

EXHIBIT 10.33

                             STOCK OPTION AGREEMENT

        THIS STOCK OPTION  AGREEMENT is entered into as of April 9, 2001, by and
between  TSET,  Inc., a Nevada  corporation  ("TSET"),  and Igor  Krichtafovitch
("Krichtafovitch").

                                   WITNESSETH:

        WHEREAS, TSET desires to grant to Krichtafovitch an option to acquire up
to 50,000  restricted  shares of TSET's common stock, par value $0.001 per share
(the  "Option  Shares"),  in  consideration  of valuable  contributions  made by
Krichtafovitch to TSET and its wholly-owned subsidiaries; and

        WHEREAS, Krichtafovitch desires to accept such option.

        NOW,  THEREFORE,  for and in  consideration  of the  premises and mutual
promises,  covenants,  and  agreements  set forth  herein and for other good and
valuable  consideration,  the delivery,  receipt,  and  sufficiency  of which is
hereby acknowledged, the parties hereto agree as follows:

        1.     GRANT OF OPTION.  TSET hereby grants to  Krichtafovitch an option
               (the  "Option") to acquire the Option Shares at an exercise price
               of $0.885  per share (the  "Exercise  Price").  The Option  shall
               immediately  and  fully  vest in  Krichtafovitch'  favor  for all
               purposes  upon  execution  and delivery of this  Agreement by the
               parties.  The Option is  personal  to  Krichtafovitch  and may be
               exercised only by Krichtafovitch during his lifetime.  The Option
               shall  continue  in full force and effect for a period of 5 years
               from the date hereof (the "Term"), at which time the Option shall
               expire   and   terminate   unless    previously    exercised   by
               Krichtafovitch.  The Option shall not be subject to forfeiture or
               termination,  except for Krichtafovitch's failure to exercise the
               Option during the Term.

        2.     EXERCISE   OF   OPTION.   The   Option   may  be   exercised   by
               Krichtafovitch,  in whole or in part, at any time during the Term
               upon receipt by TSET of written notice from  Krichtafovitch  (the
               "Exercise Notice").  The Exercise Notice shall specify the number
               of Option  Shares  Krichtafovitch  desires  to  acquire  pursuant
               thereto and provide any necessary or appropriate  instructions to
               TSET  and  its  transfer  agent  regarding  the  denomination  of
               certificates representing the Option Shares and the name in which
               the Option  Shares  should be  registered.  The  exercise  of the
               Option shall be on a "cashless"  basis and  Krichtafovitch  shall
               not be required to remit to TSET any payment therefor.

        3.     RESERVATION  OF THE OPTION SHARES.  To ensure  fulfillment of its
               obligations hereunder should Krichtafovitch elect to exercise the
               Option,  TSET shall  reserve  from its  authorized  but  unissued
               capital  that  number of shares of its common  stock equal to the
               Option Shares.

        4.     RESTRICTIONS ON TRANSFER.  Krichtafovitch  acknowledges  that the
               Option Shares are subject to certain  restrictions upon transfer,
               and cannot be sold,  assigned,  transferred,  or conveyed (in any

<PAGE>

               case, a "transfer")  except in compliance with such  restrictions
               and applicable  provisions of federal and state  securities laws.
               Certificates   representing   the   Option   Shares   shall  bear
               appropriate   restrictive  legends  and  notices.  In  the  event
               Krichtafovitch desires to transfer any Option Shares prior to the
               expiration  of such  restrictions,  TSET  shall  be  entitled  to
               receive from Krichtafovitch written undertakings, certifications,
               or  opinions of legal  counsel  evidencing  compliance  with such
               restrictions.

        5.     TAX MATTERS.  Krichtafovitch  acknowledges  that treatment of the
               Option,  the  Option  Shares,  and  events or  transactions  with
               respect  thereto,  for  federal  and state  income  and other tax
               purposes,  is dependent upon various factors and events which are
               not determined by this Agreement.  TSET makes no  representations
               to  Krichtafovitch  with respect to, and hereby disclaims any and
               all responsibility as to such tax treatment. Krichtafovitch shall
               be solely and fully  responsible  for the  payment  of, and shall
               pay, any and all federal,  state,  and other taxes (including any
               and all  withholding  taxes)  levied with respect to the grant of
               the Option, the purchase of the Option Shares, and any subsequent
               transfer thereof.  In the event the exercise of the Option or the
               disposition of the Option Shares following exercise of the Option
               results  in  Krichtafovitch's  realization  of  income  which for
               federal, state, local, or other income tax purposes is, in TSET's
               opinion,  subject to  withholding of tax, then at the election of
               TSET and prior to the delivery to  Krichtafovitch of certificates
               representing  the Option  Shares  acquired by him  pursuant to an
               Exercise Notice, (a)  Krichtafovitch  shall pay to TSET an amount
               equal  to such  withholding  tax or (b) TSET  may  withhold  such
               amount from any  compensation  or other  payments owed by TSET to
               Krichtafovitch.

        6.     NONQUALIFIED  STATUS.  The  Option  is  not  intended  to  be  an
               "incentive  stock option" as defined in the Internal Revenue Code
               of 1986, as amended,  and shall not be treated as such whether or
               not,  by the  terms  hereof,  it meets  the  requirements  of any
               applicable provisions thereof.

        7.     NOTICES.  All  notices  or  other  communications  given  or made
               hereunder shall be in writing and may be delivered personally, by
               express,   registered,   or  certified   mail   (return   receipt
               requested),  by special courier, or by facsimile transmission (to
               be followed by delivery of a written  original notice in the most
               expeditious manner possible,  as aforesaid),  all postage,  fees,
               and charges prepaid, to TSET and Krichtafovitch,  as the case may
               be, to the  following  addresses  (which  may be  changed  by the
               parties  from  time  to  time  upon   written   notice  given  as
               aforesaid):

                     To TSET:                   333 South State Street, PMB 111
                                                Lake Oswego, OR 97034

                                                Attn:   Richard A. Papworth
                                                        Chief Financial Officer

                                                Tel:    503.968.1547
                                                Fax:    503.968.0867

                                       2
<PAGE>

                     To Krichtafovitch:         6827 117th Avenue, N.E.
                                                Kirkland, WA 98033

                                                Tel:    425.889.0186
                                                Fax:    425.889.0576

               Notices hereunder shall be deemed given when delivered in person,
               upon  confirmation  of  successful   transmission  when  sent  by
               facsimile,  or 5 days after being mailed by express,  registered,
               or certified mail (return  receipt  requested),  postage and fees
               prepaid.

        8.     INTEGRATION,  AMENDMENT, AND WAIVER. When executed and delivered,
               this Agreement shall constitute the entire agreement  between the
               parties  with  respect  to the  subject  matter  hereof and shall
               supersede any and all prior  agreements and  understandings  with
               respect  thereto.  No other  agreement,  whether oral or written,
               shall be used to  modify  or  contradict  the  provisions  hereof
               unless the same is in writing,  signed by the parties, and states
               that it is intended to amend the provisions of this Agreement. No
               waiver by either  party of any  breach of this  Agreement  in any
               particular instance shall constitute a waiver of any other breach
               hereof in any other  circumstance or any  relinquishment  for the
               future of their respective  rights to strictly enforce all of the
               other  provisions  hereof  or  seek  all  remedies  which  may be
               available at law or in equity.

        9.     COUNTERPARTS;  BINDING EFFECT.  This Agreement may be executed in
               multiple counterparts (and by facsimile signature, to be followed
               by manual signature),  each of which shall be deemed an original,
               and  all  of  which  shall  be  deemed  to  constitute  a  single
               agreement.  This Agreement shall be binding upon and inure to the
               benefit of the parties' respective  permitted heirs,  successors,
               and assigns.

        10.    ASSIGNMENT.  This  Agreement  is personal to the parties  hereto.
               Accordingly,  Krichtafovitch  shall not assign or  transfer  this
               Agreement  without  the  prior  written  consent  of TSET,  which
               consent  shall  not be  unreasonably  withheld,  conditioned,  or
               delayed;   provided,   however,   that  Krichtafovitch  shall  be
               permitted to assign or transfer this  Agreement to a legal entity
               owned by  Krichtafovitch  without  such  consent.  Any  attempted
               assignment of this Agreement by Krichtafovitch without receipt of
               such consent from TSET shall be null and void.

        11.    SEVERABILITY.  If any  provision  (or  portion  thereof)  of this
               Agreement  is  adjudged  unenforceable  by a court  of  competent
               jurisdiction,   the  remaining   provisions  shall   nevertheless
               continue  in full  force  and  effect  and the  provision  deemed
               unenforceable  shall be remade or interpreted by the parties in a
               manner that such provisions shall be enforceable to preserve,  to
               the maximum extent possible,  the original  intention and meaning
               thereof.   If  necessary   to  effect  such   intent,   TSET  and
               Krichtafovitch  shall  negotiate  in good  faith  to  amend  this
               Agreement to replace such  provision  with  language  believed in
               good faith by the parties to be enforceable,  which as closely as
               possible reflects such intent.

                                       3
<PAGE>

        12.    NO THIRD  PARTY  BENEFICIARIES.  This  Agreement  is for the sole
               benefit of the parties and their permitted successors, heirs, and
               assigns.  Nothing herein,  expressed or implied, shall give or be
               construed  to give any other  person,  other than the parties and
               their permitted assigns, any legal or equitable rights hereunder.
               No finder's  or other fees shall be payable by either  party with
               respect  to the  exercise  of the Option or the  issuance  of the
               Option Shares pursuant to this Agreement.

        13.    STATE  SECURITIES  QUALIFICATIONS.  The sale of the Option Shares
               pursuant  to any  exercise  of the Option has not been  qualified
               with the securities regulatory  authorities in any state or other
               jurisdiction  and the issuance of the Option Shares prior to such
               qualification may be unlawful unless such transactions are exempt
               from such qualification  requirements.  The rights of the parties
               hereto are expressly  conditioned upon such  qualification  being
               obtained, unless any such transaction is so exempt.

        14.    GOVERNING LAW. This Agreement  shall be governed by and construed
               in accordance with the laws of the State of Oregon,  exclusive of
               its conflicts of laws principles.

        IN WITNESS  WHEREOF,  the  parties  have  executed  and  delivered  this
Agreement effective as of the date first written above.

TSET, Inc.

By: /s/ Jeffrey D. Wilson
    ----------------------------------
    Jeffrey D. Wilson
    Chairman and Chief Executive Officer

 /s/ Igor Krichtafovitch
-----------------------------------
Igor Krichtafovitch

<PAGE>Exhibit 10.34

TSET, Inc.
333 South State Street, PMB 111
Lake Oswego, OR  97034

                                 April 10, 2001

Mr. Richard A. Papworth
Chief Financial Officer
TSET, Inc.
333 South State Street, PMB 111
Lake Oswego, OR  97034

Dear Mr. Papworth:

         Reference is made to the employment  agreement entered into between you
and TSET, Inc. ("TSET"),  dated May 19, 2000 (the "Employment  Agreement").  You
hereby  agree that all  references  to  non-dilution  of your  stock  percentage
ownership  interest  in TSET shall be  deleted  from the  Employment  Agreement.
Except as expressly provided in the preceding sentence,  all other provisions of
the Employment Agreement shall remain in full force and effect.

         In  consideration of the foregoing  amendment,  TSET shall issue to you
398,475  restricted shares of its common stock. You may elect whether to receive
such  shares as a grant,  to be issued as and when you  request,  or as  options
fully vested in you as of the date  hereof.  If you elect to receive such shares
as options,  the exercise  price therefor shall be $0.885 per share (the closing
price  for  shares  of TSET's  common  stock as  quoted on the  over-the-counter
bulletin board exchange on April 9, 2001).

         Your  execution,  in the space  provided  below,  shall  evidence  your
acceptance of the terms of this amendment.

                                   Sincerely,

                                   /s/ Jeffrey D. Wilson
                                   ---------------------------------------------
                                   Jeffrey D. Wilson
                                   Chairman and Chief Executive Officer

AGREED AND ACCEPTED

/s/ Richard A. Papworth
--------------------------------
Richard A. Papworth

<PAGE>

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