Document:

Exhibit 10.21  

REGULATIONS FOR ENTREPRENEUR WARRANTS BONS DE SOUSCRIPTION DE PARTS DE CREATEUR D'ENTREPRISE (BSPCE OR BCE WARRANTS) ISSUED ON
28 JUNE 2005 BY THE BOTH ORDINARY & EXTRAORINARY GENERAL MEETING OF SHAREHOLDERS OF THE SOCIETE ANONYME EARTH DECISION SCIENCES WHOSE
REGISTERED OFFICE IS AT 22 ALLÉE DE LA FORÊT DE LA REINE 54500 VANDOEUVRE LES NANCY (RCS B 410 087 159) 

Whereas:

	•
	Over
25% of the capital of the company issuing the BSPCE warrants must be directly and continuously held by natural persons or by legal entities which are themselves held by
natural persons.

	•
	The
BSPCE warrants are subject to article 163 bis G of the French General Tax Code and by reference from the said article 163 bis G to
article 228-95 of the French Commercial Code. 

1. BENEFICIARIES  

Only
salaried employees of EARTH DECISION SCIENCES SA and its managers who are subject to the tax system for salaried employees can be beneficiaries of the BSPCE. Employees and managers of other
companies within the group (subsidiaries etc.) are excluded from the scheme. 

2. TIMETABLE FOR THE EXERCISE OF OPTIONS AND LOSS OF RIGHTS TO EXERCISE OPTIONS  

Each
warrant is non-transferable and gives the holder the right to subscribe to one category A ordinary share in the company. 

Each
warrant is issued free of charge. 

The
BSPCE warrants cannot be exercised until four years after the date on which they were granted. 

The
BSPCE warrants may be exercised on one or more occasions within the twelve months following the end of the above-mentioned four-year lock-in period, i.e. up to and
including the fifth anniversary of the date on which the BSPCE warrants were granted to the holder concerned, subject to the following exceptions. 

The
right to exercise options will legally expire if the beneficiary of the BSPCE warrants leaves the Company as a result of resignation, redundancy for gross or serious misconduct or dismissal for
misconduct defined as gross or serious under labour law. 

In
the event of retirement, redundancy or dismissal not resulting from gross or serious misconduct, the beneficiary of the BSPCE warrants will be entitled to a period of six months from notification
of retirement, redundancy or dismissal to exercise the BSPCE warrants. If the beneficiary of the BSPCE warrants fails to exercise the BSPCE warrants within the prescribed six-month period,
the BSPCE warrants will become void and the beneficiary will not be entitled to receive any indemnity. 

In
the event of the beneficiary's death, his/her heirs will be entitled to exercise the BSPCE warrants within six months of the beneficiary's death. In the event of resignation, loss of the right to
exercise the BSPCE warrants will take effect from the date that the resignation is notified. 

In
the event of redundancy for gross or serious misconduct, or dismissal for misconduct defined as gross or serious under labour law, loss of the right to exercise the BSPCE warrants will take effect
from the date of the dismissal decision or notice of redundancy. 

In
the event of control (within the meaning of clause II of article 233-3 of the French Commercial Code) of the Company being transferred, the BSPCE warrant options period
will be automatically and without formality brought forward. In this case, the Management Board will inform each BSPCE 

warrant
holder that he/she has twenty days to exercise his/her entire holding of BSCPE warrants, if he/she so wishes. If the BSPCE warrant holder fails to exercise their BSPCE warrants within the
prescribed twenty days, the non-exercised options will become void with no indemnity payable by the Company. 

In
the event of the Company merging with another company, the lock-in period before the exercise of options will be automatically and without formality brought forward. In this case, the
Management Board will inform each options beneficiary of the proposed merger, at least twenty days before the extraordinary general meeting of shareholders which will be called to resolve on the
merger and will give him/her twenty days from notice of the merger to exercise all of his/her options if he/she so wishes. 

If
the beneficiary fails to exercise his/her options within the prescribed twenty day period the options which are not exercised will become void with no indemnity payable by EDS. Failing notice from
the beneficiaries, the options will be retained and in the event of a takeover of EDS, will be transferred to the absorbing company's shares. 

The
Management Board may suspend the right to exercise options if needed. This will take place primarily whenever an operation on the capital of EDS requires exact and prior knowledge of the number of
shares composing the capital. 

The
company will inform the options beneficiary at least eight days in advance by indicating the date on which the options exercise will be suspended, and the date on which it will resume. In any
event, this period may not exceed three months. 

If
the end of the options exercise period occurs during the suspension period, the options exercise period will be extended by three months. 

3. SETTING THE SHARE PURCHASE PRICE ON EXERCISE OF THE BSPCE WARRANTS  

The
subscription price is set at 79 euros per share, representing 2.3 euros face value. 

The
price may not be modified during the options period except within the conditions provided for by law and described hereafter: 

In
the event that the company proceeds to carry out one of the operations listed in article L 225-181 of the French Commercial Code, the subscription price for the option shares
which was fixed before such operation, would be adjusted. However, if such adjustment were to reduce the subscription price below the share's face value, the new subscription price would be fixed at
face value. 

In
the cases described below, the adjustment will be made as follows: 

In
the event of the issuance of cash shares, without renunciation by shareholders of their preferential subscription rights, the subscription price will be reduced by an amount equal to the result
calculated using the ratio between the value of the subscription right and the share value before detachment of this right. 

In
the event of the issuance of convertible or exchangeable bonds without renunciation by shareholders of their preferential subscription rights, the subscription price will be reduced by an amount
calculated using the same method as for the issuance of cash shares. 

In
the event of a capital increase by capitalisation of reserves, profits or issuance premiums and allocation of free shares, or likewise for splitting or consolidation of shares, the subscription
price will be adjusted using the result obtained from the ratio between the number of old shares and the number of shares existing after the operation. 

In
the event of distribution of reserves in cash (or in stocks) the subscription price will be reduced by an amount equal to the result obtained from the ratio between the amount of cash (or the value
of stocks distributed) and the value of the share before the distribution (article D.174-12, para. 1). 

In
the event of a capital reduction resulting from losses, the subscription price will be adjusted by determining the price using the ratio between the number of old shares and the number existing
after the reduction (D.174-16, para. 1). 

In
the event of capital depreciation or reduction not arising from losses, and carried out by distribution of asset items; or by reduction in the number of securities over which the shares have
rights; or by purchase of the company's own shares; or by modification to the distribution of profits (primarily through conversion of ordinary shares to dividend preference shares with no voting
rights); these cases being in addition to all other cases in which it would be fair and appropriate to neutralise as far as possible, the effects of the depreciation, the purchase or reimbursement of
shares in EARTH DECISION SCIENCES SA or all other operations on the share capital of EARTH DECISION SCIENCES SA, the company EARTH DECISION SCIENCES SA reserves the right to effect any necessary
adjustments in compliance with the provisions of the final paragraph of article L. 225-95 of the Commercial Code, with the objective of preserving interests covered under that
paragraph. 

In
all the cases provided for above, the new number of option shares shall be equal to the ratio between the amount of unexercised options and the new share subscription price. This figure will be
rounded up to the next unit. 

The
new ordinary shares issued as a result of the exercise of warrants must be fully paid up at the time of their subscription. 

Payment
can be made in cash or by an offsetting claim against the company's liquid debt. 

4. EXERCISING OPTION RIGHTS  

In
order to exercise one or more warrants, the beneficiary must send the company a declaration by registered letter with receipt acknowledgement, together with a subscription form and payment for the
subscription in cash or offset to debts. 

5. AVAILABILITY OF SHARES—OWNERSHIP OF SHARES  

The
subscribed shares will be created with rights to receive dividends from the beginning of the financial year in which the option is exercised. They will receive entitlement in respect of this
financial year and subsequent years with the same face value and the same dividend as the dividend distributed to other shares with the same ownership rights. They will, consequently, be fully
integrated with the said shares after payment of the dividend relating to the previous financial year, or if none was distributed, after the holding of the annual meeting of shareholders which
approves the accounts for that year. 

6. TAX TREATMENT FOR BENEFICIARIES  

The
net profit realised when the actions subscribed by exercise of the BCE warrants, which is equal to the difference between the sale price (net of costs and taxes) received by the seller and their
purchase price, is taxable in the year the shares are sold, in accordance with the regime relating to profits on the sale of securities and shares and rights in companies. 

However,
the profit is not actually taxable unless the total annual amount from sale of transferable securities realised by the seller and members of his/her tax unit, including within this amount the
securities acquired via the BCE warrants, exceeds the legal lower limit. 

Furthermore
the tax rate applicable to beneficiaries of the BCE warrants differs, depending on whether they have been employed by the issuing company for more or less than three (3) years at
the time when they sell the shares subscribed as a result of exercising the BCE warrants. 

	—
	If
the beneficiary has been employed by the issuing company for at least three (3) years when the securities are sold: 

In
this case, the net realised profit is subject to a tax rate of 16%, to which are added additional company deductions in respect of the CSG and  CRDS
(generalised social security levy and social debt reimbursement tax), and the company deduction of 2% due on income from shareholders' equity,
which brings the total rate of tax to 26%. 

	—
	If
the beneficiary has been employed by the issuing company for less than three years when the securities are sold: 

In
this case, the net realised profit is subject to a tax rate of 30%, to which are added additional company deductions in respect of the CSG and  CRDS
(generalised social security levy and social debt reimbursement tax), and the company deduction of 2% due on income from shareholders' equity,
which brings the total rate of tax to 40%. 

7. MANDATORY TAX DECLARATIONS  

	1/
	The
company's obligations 

The
company must inform the tax authority office where the company's earnings declaration is filed, by 15 February at the latest in the year following subscription of shares resulting from the
exercise of warrants. The information to be provided includes the name and address of each subscriber, together with the dates, number and purchase price of the corresponding securities. 

On
the same document, the company must also confirm that it has complied with the corresponding legal requirements, particularly in respect of the issuance and granting of these warrants. 

The
final items to be indicated in the document are the exercise date for the warrants and the length of service with the company of each beneficiary employee or manager. If the person is no longer
with the company, the date on which he/she left the company and his/her length of service up to that date are required. 

The
company must also send each subscriber, the duplicate part of the document sent to the tax authorities, document which concerns him/her. This must be sent by the same deadline of 15 February,
following the year in which the securities were subscribed as a result of exercising the warrants. 

	2/
	Obligations
of each beneficiary

	—
	In
respect of the year in which shares are subscribed as a result of exercising the BCE warrants: 

The
beneficiary must attach the duplicate document received from the company to his/her income declaration. 

	—
	In
respect of the year in which shares are sold: 

If
the profits fall within the taxable framework, the beneficiary is required to state on his/her income declaration for the year in which they are sold, the difference between the sale price for the
shares and the subscription price for the shares received on exercise of the BCE warrants. 

For
this purpose, the beneficiary must complete annex no. 2074 on his/her income tax declaration. 

Failure
by either the company or the beneficiary to comply with the above-mentioned tax declaration obligations constitutes default under the tax regime on account of article 163
bis-C of the French General Tax Code and leads to the imposition of tax under common law terms of the benefit obtained at the option exercise. Furthermore, the company is liable for a tax
fine for each document not sent to the tax authorities by the deadline, or for each omission, incorrect information or information lacking on the documents produced, as provided for within articles
1725 and 1726 of the French General Tax Code. 

THE MANAGEMENT BOARDFiled by Automated Filing Services Inc. (604)609-0244 - Hemis Corp. - Exhibit 10.9

 Option Agreement

 THIS OPTION AGREEMENT (the "Agreement") effective as of
  the 1st day of May, 2005.

 BETWEEN

HEMIS CORPORATION

  Neuhofstrasse 8 

  8600 Dübendorf 

  Switzerland

 (the "Company") 

 AND

NORMAN MEIER

  Bordackerstrasse 62 

  8610 Uster 

  Switzerland

 (the “Optionee”)

 WHEREAS:

	 A. 	 The Company has entered in an Management Agreement (the "Management Agreement"),
      dated May 1, 2005 with the Optionee; 
	 	 
	 B. 	 The Company wishes to compensate the Optionee for services he has previously
      provided to the Company and for services that he will be providing to the
      Company for the next five years; and 
	 	 
	 C. 	 In accordance with the provisions of the Management Agreement the Company
      has authorized the grant of options to the Optionee. 

 THIS AGREEMENT WITNESSES that the parties have agreed
  that the terms and conditions of the relationship shall be as follows:

 1. Grant of Option. The Company irrevocably grants
  to the Optionee the right and option, to purchase all or any part of an aggregate
  of 5,000,000 common shares (the “Options”), this number being subject
  to adjustment as provided in Section 8 of this Agreement, on the terms and conditions
  set forth in this Agreement.

 2. Purchase Price. The purchase price of the common
  shares covered by the Options shall be the following:

	
      Number of Shares 	
      Purchase Price Per Share ($) 
	
      5,000,000 	
      0.001 

 3. Term. The Options may be exercised by the Optionee
  until April 30, 2010. 

 4. Non-transferability. The Options shall not be
  transferable except to the Optionee’s estate, and the Options may be exercised
  during the lifetime of the Optionee, only by the Optionee, or thereafter by
  its estate. More particularly, but without limiting the generality of the foregoing,
  the Options may not be assigned, transferred, pledged or hypothecated in any
  way, shall not be assignable by operation of law, and shall not be subject to
  execution, attachment or similar process.

 Any attempted assignment, transfer, pledge, hypothecation or
  other disposition of the Options contrary to these provisions, and the levy
  of any execution, attachment or similar process on the Options, shall be null
  and void.

 5. Optionee. In consideration of the granting of
  the Options, and regardless of whether or not the Options shall be exercised,
  the Optionee will devote the agreed upon time, energy and skill to the service
  of the Company or one or more of its subsidiaries.

 — 2 —

 6. Representations and Warranties of Optionee.
  The Optionee represents to the Company that (a) the Optionee is not a US person
  as that term is defined in Rule 902(c) of Regulation S; (b) at the time of signing
  this Agreement, the Optionee was outside the US and no offer of the Options
  was made to the Optionee within the US; (c) the Optionee will only offer and
  sell any shares it obtains by exercising the Options pursuant to an effective
  registration statement under the United States Securities Act of 1933, as amended
  (the “Act”) or an exemption from the registration provision of the
  Act.

 7. Method of Exercising Option. Subject to the
  terms and conditions of this Agreement, the Optionee may exercise the Options
  by sending a written notice to the Company, mailed or personally delivered to
  the Company at the following address: Neuhofstrasse 8, 8600 Dübendorf,
  Switzerland. Such notice shall state the election to exercise the Options and
  the number of shares in respect of which it is being exercised, and shall be
  signed by the Optionee. The notice shall be accompanied by payment of the full
  exercise price of the shares by certified cheque, bank draft or money order.
  The Company shall issue for the Optionee’s collection, a certificate or
  certificates representing the shares within 14 days after receiving the notice.
  The Optionee has a 2 day cancellation right and can cancel the exercise of the
  Options by sending notice to the Company by Midnight (Pacific Time) on the 2nd
  business day after sending notice of exercise of the Options.

 The certificate or certificates for the shares as to which the
  Options shall have been exercised shall be registered in the name of the Optionee
  and shall be delivered as provided above to or on the written order of the Optionee.
  All shares that shall be purchased on the exercise of the Options as provided
  in this Agreement shall be fully paid and non-assessable. The certificates representing
  any shares issued upon exercise of the Options may contain a restrictive legend
  substantially in the following form: “The transfer of the securities represented
  by this certificate is prohibited except in accordance with the provisions of
  Regulation S promulgated under the United States Securities Act of 1933, as
  amended (the “Act”), pursuant to registration under the Act or pursuant
  to an available exemption from registration. In addition, hedging transactions
  involving such securities may not be conducted unless in compliance with the
  Act.”

 8. Changes in Capital Structure. If all or any
  portion of the Options shall be exercised subsequent to any share dividend,
  split-up, recapitalization, merger, consolidation, combination or exchange of
  shares, separation, reorganization or liquidation occurring after the date of
  this Agreement, as a result of which shares of any class shall be issued in
  respect of outstanding common shares, or common shares shall be changed into
  the same or a different number of shares of the same or another class or classes,
  the person or persons so exercising the Options shall receive the aggregate
  number and class of shares which, if common shares (as authorized at the date
  of this Agreement) had been purchased at the date of this Agreement for the
  same aggregate price (on the basis of the price per share set forth in Section
  2 of this Agreement) and had not been disposed of, such person or persons would
  be holding, at the time of such exercise, as a result of such purchase and all
  such share dividends, split-ups, recapitalizations, mergers, consolidations,
  combinations or exchanges of shares, separations, reorganizations or liquidations;
  provided, however, that no fractional share be issued on any such exercise,
  and the aggregate price paid shall be appropriately reduced on account of any
  fractional share not issued.

 9. Reservation of Shares to Satisfy Option. The
  Company shall at all times during the term of the Options reserve and keep available
  such number of common shares as will be sufficient to satisfy the requirements
  of this Agreement.

 10. Counterparts. This Agreement may be signed
  in counterparts, each of which so signed shall be deemed to be an original (and
  each signed copy sent by electronic facsimile transmission shall be deemed to
  be an original), and such counterparts together shall constitute one and the
  same instrument and notwithstanding the date of execution, shall be deemed to
  bear the date as set forth above.

 IN WITNESS WHEREOF this Agreement has been executed by
  the parties to it, the day, month and year first written.

 HEMIS CORPORATION by its authorized signatory

	
      /s/ Bruno Weiss 	 
		
      /s/ Norman Meier 
	 Bruno Weiss, CFO 	 
		 Norman Meier

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