Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Global Innovative Systems, Inc. - Exhibit 10.4

 AMENDMENT TO LETTER OF INTENT 

October 20, 2004

 Whereas: 

 A.           Global
  Innovative Systems, Inc. (the "Purchaser") and Victor Chang, Bondy Tan and Dr.
  Charles Cheung (collectively, the "Vendors") entered into a Letter of Intent
  (the “Letter of Intent”) regarding the purchase of all of the issued
  and outstanding securities in the capital of Tech Team Holdings Limited; and

 B.           The
  Purchaser and the Vendors wish to revise the Letter of Intent as described in
  this Amendment to Letter of Intent. 

 NOW THEREFORE THIS AMENDMENT TO LETTER OF INTENT witnesses
  that, for good and valuable consideration, the receipt and sufficiency of which
  is hereby acknowledged, the parties hereto agree as follows: 

	1.	Section 7 of the Letter of Intent is deleted and replaced with the
        following:

      “Due Diligence Deposit: Upon execution of
        this Letter of Intent, the Vendors and/or the Target agree that they will
        deposit with Clark, Wilson (Vancouver, British Columbia) the amount of
        $25,000 (the "Due Diligence Deposit") which will be used to pay the
        existing liabilities of the Purchaser (estimated to be $19,000) and
        for the due diligence and other expenses related to the Acquisition. The
        Due Diligence Deposit shall be non-refundable but may be converted into
        a private placement in the shares of the Purchaser assuming the Acquisition
        is consummated. In all other circumstances the Due Diligence Deposit will
        become a non-refundable payment to the Purchaser. The Vendors and David
        Yue hereby authorize and direct Clark, Wilson, and this shall be Clark,
        Wilson’s good and sufficient authority for so doing, to disburse
        any and all of the Due Diligence Deposit as directed by the Purchaser
        from time to time.”

	 	 
	2.	Section 12 of the Letter of Intent is deleted and replaced with the
        following:

      “Closing: The closing (the "Closing") of
        the transactions contemplated by this Letter of Intent will occur not
        later than December 21, 2004. At the Closing, the Vendors will transfer
        the Securities to the Purchaser free from any outstanding liens, charges,
        claims or encumbrances and execute all such documents as the Purchaser's
        solicitors may require in order to effect such transfer. The Closing may
        take place by exchange of the appropriate solicitor's undertakings, which
        will involve each party's solicitors delivering to his or her counterpart
        all required cash and documentation, to be held in trust and not released
        until all such cash and documentation has been executed and delivered
        to the Purchaser.” 

	 	 
	3.	The parties each acknowledge and agree that all other provisions of the
      Letter of Intent remain in full force and effect. 

 

	4.	This Amendment to Letter of Intent may be executed
        in several counterparts, each of which will be deemed to be an original
        and all of which will together constitute one and the same instrument.
      

	 	 
	5.	Delivery of an executed copy of this Amendment to
        Letter of Intent by electronic facsimile transmission or other means of
        electronic communication capable of producing printed copy will be deemed
        to be execution and delivery of this Amendment to Letter of Intent as
        of the date first set forth above. 

IN WITNESS WHEREOF, the parties have executed and delivered
  this Amendment to Letter of Intent as of the date first written above.

	GLOBAL INNOVATIVE SYSTEMS, INC. 	 
	 	 
	 	 
	Name: William McGinty 

      Title:    President 	 

The above terms are accepted this ________ day of October, 2004. 

	 SIGNED, SEALED and DELIVERED by  	 )  	 	  
	 VICTOR CHANG in the presence of:  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Signature  	 )  	 	  
	  	 )  	 	  
	 Print Name  	 )  	 	 VICTOR CHANG  
	  	 )  	 	  
	 Address  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Occupation  	 )  	 	  

 

	 SIGNED, SEALED and DELIVERED by  	 )  	 	  
	 BONDY TAN in the presence of:  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Signature  	 )  	 	  
	  	 )  	 	  
	 Print Name  	 )  	 	 BONDY TAN  
	  	 )  	 	  
	 Address  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Occupation  	 )  	 	  
	  	 	 	 
	  	 	 	 
	 SIGNED, SEALED and DELIVERED by  	 )  	 	  
	 DR. CHARLES CHEUNG in the presence  	 )  	 	  
	 of:  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Signature  	 )  	 	  
	  	 )  	 	 DR. CHARLES CHEUNG  
	 Print Name  	 )  	 	  
	  	 )  	 	  
	 Address  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Occupation  	  	 	  
	  	 	 	 
	  	 	 	 
	 SIGNED, SEALED and DELIVERED by  	 )  	 	  
	 DAVID YUE in the presence of:  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Signature  	 )  	 	  
	  	 )  	 	  
	 Print Name  	 )  	 	 DAVID YUE  
	  	 )  	 	  
	 Address  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	  	 )  	 	  
	 Occupation  	 )Filed by Automated Filing Services Inc. (604) 609-0244 - Bulldog Technologies Inc. - Exhibit 4.1

 EXHIBIT 4.1  

 BULLDOG TECHNOLOGIES INC.

  AMENDED 2004 STOCK OPTION PLAN  

           This
  Amended 2004 Stock Option Plan (the "Plan") provides for the grant of options
  to acquire common shares (the "Common Shares") in the capital of Bulldog Technologies
  Inc., a corporation formed under the laws of the State of Nevada (the "Corporation").
  Stock options granted under this Plan that qualify under Section 422 of the
  Internal Revenue Code of 1986, as amended (the "Code") are referred to in this
  Plan as "Incentive Stock Options" and stock options that do not qualify under
  Section 422 of the Code are referred to as "Non-Qualified Stock Options". Incentive
  Stock Options and Non-Qualified Stock Options granted under this Plan are collectively
  referred to as "Options". 

 1.          PURPOSE 

 1.1        The purpose
  of this Plan is to retain the services of valued key employees and consultants
  of the Corporation and such other persons as the Plan Administrator shall select
  in accordance with Section 2 below, and to encourage such persons to acquire
  a greater proprietary interest in the Corporation, thereby strengthening their
  incentive to achieve the objectives of the shareholders of the Corporation,
  and to serve as an aid and inducement in the hiring of new employees and to
  provide an equity incentive to consultants and other persons selected by the
  Plan Administrator. 

 1.2        This Plan
  shall at all times be subject to all legal requirements relating to the administration
  of stock option plans, if any, under applicable corporate laws, applicable United
  States federal and state securities laws, the Code, the rules of any applicable
  stock exchange or stock quotation system, and the rules of any foreign jurisdiction
  applicable to Options granted to residents therein (collectively, the "Applicable
  Laws"). 

 2.          ADMINISTRATION

 2.1        This Plan
  shall be administered initially by the Board of Directors of the Corporation
  (the "Board"), except that the Board may, in its discretion, establish a committee
  composed of two (2) or more members of the Board or two (2) or more other persons
  to administer the Plan, which committee (the "Committee") may be an executive,
  compensation or other committee, including a separate committee especially created
  for this purpose. The Board or, if applicable, the Committee is referred to
  herein as the "Plan Administrator". 

 2.2        If and
  so long as the Common Shares is registered under Section 12(b) or 12(g) of the
  Securities Exchange Act of 1934, as amended (the "Exchange Act") and
  the Corporation wishes to grant Incentive Stock Options, then the Board shall
  consider in selecting the Plan Administrator and the membership of any Committee,
  with respect to any persons subject or likely to become subject to Section 16
  of the Exchange Act, the provisions regarding (a) "outside directors" as contemplated
  by Section 162(m) of the Code, and (b) "Non-Employee Directors" as contemplated
  by Rule 16b-3 under the Exchange Act. 

 - 2 - 

 2.3        The Committee
  shall have the powers and authority vested in the Board hereunder (including
  the power and authority to interpret any provision of the Plan or of any Option).
  The members of any such Committee shall serve at the pleasure of the Board.
  A majority of the members of the Committee shall constitute a quorum, and all
  actions of the Committee shall be taken by a majority of the members present.
  Any action may be taken by a written instrument signed by all of the members
  of the Committee and any action so taken shall be fully effective as if it had
  been taken at a meeting. 

 2.4        Subject
  to the provisions of this Plan and any Applicable Laws, and with a view to effecting
  the purpose of the Plan, the Plan Administrator shall have sole authority, in
  its absolute discretion, to: 

	(a)	 construe and interpret this Plan; 
	 	 
	(b)	 define the terms used in the Plan; 
	 	 
	(c)	 prescribe, amend and rescind the rules and regulations relating to this
      Plan; 
	 	 
	(d)	 correct any defect, supply any omission or reconcile
        any inconsistency in this Plan;

	 	 
	(e)	 grant Options under this Plan; 
	 	 
	(f)	 determine the individuals to whom Options shall
        be granted under this Plan and whether the Option is granted as an Incentive
        Stock Option or a Non-Qualified Stock Option; 

	 	 
	(g)	 determine the time or times at which Options shall be granted under this
      Plan; 
	 	 
	(h)	 determine the number of Common Shares subject to
        each Option, the exercise price of each Option, the duration of each Option
        and the times at which each Option shall become exercisable;

	 	 
	(i)	 determine all other terms and conditions of the Options; and 
	 	 
	(j)	 make all other determinations and interpretations
        necessary and advisable for the administration of the Plan. 

 2.5        All decisions,
  determinations and interpretations made by the Plan Administrator shall be binding
  and conclusive on all participants in the Plan and on their legal representatives,
  heirs and beneficiaries. 

 3.          ELIGIBILITY

 3.1        Incentive
  Stock Options may be granted to any individual who, at the time the Option is
  granted, is an employee of the Corporation or any Related Corporation (as defined
  below) ("Employees"). 

 3.2        Non-Qualified
  Stock Options may be granted to Employees and to such other persons who are
  not Employees as the Plan Administrator shall select, subject to any Applicable
  Laws. 

 - 3 - 

 3.3        Options
  may be granted in substitution for outstanding Options of another corporation
  in connection with the merger, consolidation, acquisition of property or stock
  or other reorganization between such other corporation and the Corporation or
  any subsidiary of the Corporation. Options also may be granted in exchange for
  outstanding Options. 

 3.4        Any person
  to whom an Option is granted under this Plan is referred to as an "Optionee".
  Any person who is the owner of an Option is referred to as a "Holder". 

 3.5        As used
  in this Plan, the term "Related Corporation" shall mean any corporation (other
  than the Corporation) that is a "Parent Corporation" of the Corporation or "Subsidiary
  Corporation" of the Corporation, as those terms are defined in Sections 424(e)
  and 424(f), respectively, of the Code (or any successor provisions) and the
  regulations thereunder (as amended from time to time). 

 4.          STOCK 

 4.1        The Plan
  Administrator is authorized to grant Options to acquire up to a total of 7,000,000
  Common Shares. The number of Common Shares with respect to which Options may
  be granted hereunder is subject to adjustment as set forth in Section 5.1(m)
  hereof. In the event that any outstanding Option expires or is terminated for
  any reason, the Common Shares allocable to the unexercised portion of such Option
  may again be subject to an Option granted to the same Optionee or to a different
  person eligible under Section 3 of this Plan; provided however, that any cancelled
  Options will be counted against the maximum number of shares with respect to
  which Options may be granted to any particular person as set forth in Section
  5.1(a) hereof. 

 5.          TERMS AND CONDITIONS
  OF OPTIONS 

 5.1        Each Option
  granted under this Plan shall be evidenced by a written agreement approved by
  the Plan Administrator (each, an "Agreement"). Agreements may contain such provisions,
  not inconsistent with this Plan or any Applicable Laws, as the Plan Administrator
  in its discretion may deem advisable. All Options also shall comply with the
  following requirements: 

 (a)        Number of Shares and Type
  of Option 

 Each Agreement shall state the number of Common Shares to
  which it pertains and whether the Option is intended to be an Incentive Stock
  Option or a Non-Qualified Stock Option; provided that: 

	 	(i)	 the number of Common Shares that may be reserved
        pursuant to the exercise of Options granted to any person shall not exceed
        10% of the issued and outstanding Common Shares of the Corporation; 

	 	 	 
	 	(ii)	 in the absence of action to the contrary by the
        Plan Administrator in connection with the grant of an Option, all Options
        shall be Non-Qualified Stock Options; 

	 	 	 
	 	(iii)	 the aggregate fair market value (determined at the
        Date of Grant, as defined below) of the Common Shares with respect to
        which Incentive Stock Options are 

 - 4 - 

	 	 	exercisable for the first time by the Optionee during
        any calendar year (granted under this Plan and all other Incentive Stock
        Option plans of the Corporation, a Related Corporation or a predecessor
        corporation) shall not exceed U.S.$100,000, or such other limit as may
        be prescribed by the Code as it may be amended from time to time (the
        "Annual Limit"); and 

	 	 	 
	 	(iv)	 any portion of an Option which exceeds the Annual
        Limit shall not be void but rather shall be a Non-Qualified Stock Option.
      

 (b)        Date of Grant 

 Each Agreement shall state the date the Plan Administrator
  has deemed to be the effective date of the Option for purposes of this Plan
  (the "Date of Grant"). 

 (c)        Option Price 

 Each Agreement shall state the price per Common Share at which
  it is exercisable. The Plan Administrator shall act in good faith to establish
  the exercise price in accordance with Applicable Laws; provided that:

 (i)        the
  per share exercise price for an Incentive Stock Option or any Option granted
  to a "covered employee" as such term is defined for purposes of Section 162(m)
  of the Code shall not be less than the fair market value per Common Share at
  the Date of Grant as determined by the Plan Administrator in good faith; 

 (ii)       with
  respect to Incentive Stock Options granted to greater-than-ten percent (>10%)
  shareholders of the Corporation (as determined with reference to Section 424(d)
  of the Code), the exercise price per share shall not be less than one hundred
  ten percent (110%) of the fair market value per Common Share at the Date of
  Grant as determined by the Plan Administrator in good faith; and 

 (iii)      Options
  granted in substitution for outstanding options of another corporation in connection
  with the merger, consolidation, acquisition of property or stock or other reorganization
  involving such other corporation and the Corporation or any subsidiary of the
  Corporation may be granted with an exercise price equal to the exercise price
  for the substituted option of the other corporation, subject to any adjustment
  consistent with the terms of the transaction pursuant to which the substitution
  is to occur, and provided that for Incentive Stock Options: 

 A.      the
  excess of the aggregate fair market value of the shares subject to the option
  immediately after the substitution over the aggregate exercise price of such
  shares is not more than the excess of the aggregate fair market value of all
  shares subject to the option immediately before such substitution over the aggregate
  exercise price of such shares, and 

 B.      the
  substituted option does not give the employee additional benefits which he did
  not have under the previously held Option; and 

 - 5 - 

 (iv)      with
  respect to Non-Qualified Stock Options, the exercise price per share shall be
  the fair market value of the Common Shares as determined by the Plan Administrator
  in good faith. 

 (d)        Duration of Options 

 At the time of the grant of the Option, the Plan Administrator
  shall designate, subject to Section 5.1(g) below, the expiration date of the
  Option, which date shall not be later than ten (10) years from the Date of Grant;
  provided, that the expiration date of any Incentive Stock Option granted
  to a greater-than-ten percent (>10%) shareholder of the Corporation (as determined
  with reference to Section 424(d) of the Code) shall not be later than five (5)
  years from the Date of Grant. In the absence of action to the contrary by the
  Plan Administrator in connection with the grant of a particular Option, and
  except in the case of Incentive Stock Options as described above, all Options
  granted under this Section 5 shall expire ten (10) years from the Date of Grant.

 (e)        Vesting Schedule 

 No Option shall be exercisable until it has vested. The vesting
  schedule for each Option shall be specified by the Plan Administrator at the
  time of grant of the Option prior to the provision of services with respect
  to which such Option is granted; provided, that if no vesting schedule
  is specified at the time of grant, the Option shall vest according to the following
  schedule: 

	   Number of Years	Percentage of Total
	Following Date of Grant	Option Vested
	

    	

	One	25%
	Two	50%
	Three	75%
	Four	100%

 The Plan Administrator may specify a vesting schedule for
  all or any portion of an Option based on the achievement of performance objectives
  established in advance of the commencement by the Optionee of services related
  to the achievement of the performance objectives. Performance objectives shall
  be expressed in terms of objective criteria, including but not limited to, one
  or more of the following: return on equity, return on assets, share price, market
  share, sales, earnings per share, costs, net earnings, net worth, inventories,
  cash and cash equivalents, gross margin or the Corporation's performance relative
  to its internal business plan. Performance objectives may be in respect of the
  performance of the Corporation as a whole (whether on a consolidated or unconsolidated
  basis), a Related Corporation, or a subdivision, operating unit, product or
  product line of either of the foregoing. Performance objectives may be absolute
  or relative and may be expressed in terms 

 - 6 - 

 of a progression or a range. An Option
  that is exercisable (in full or in part) upon the achievement of one or more
  performance objectives may be exercised only following written notice to the
  Optionee and the Corporation by the Plan Administrator that the performance
  objective has been achieved. 

 (f)        Acceleration of Vesting

 The vesting of one or more outstanding Options may be accelerated
  by the Plan Administrator at such times and in such amounts as it shall determine
  in its sole discretion. 

 (g)        Term of Option 

 (i)        Vested
  Options shall terminate, to the extent not previously exercised, upon the occurrence
  of the first of the following events: 

 A.        the expiration
  of the Option, as designated by the Plan Administrator in accordance with Section
  5.1(d) above; 

 B.        the date
  of an Optionee's termination of employment or contractual relationship with
  the Corporation or any Related Corporation for cause (as determined by the Plan
  Administrator, acting reasonably); 

 C.        the expiration
  of three (3) months from the date of an Optionee's termination of employment
  or contractual relationship with the Corporation or any Related Corporation
  for any reason whatsoever other than cause, death or Disability (as defined
  below) unless, in the case of a Non-Qualified Stock Option, the exercise period
  is extended by the Plan Administrator until a date not later than the expiration
  date of the Option; or 

 D.        the expiration
  of one year (1) from termination of an Optionee's employment or contractual
  relationship by reason of death or Disability (as defined below) unless, in
  the case of a Non-Qualified Stock Option, the exercise period is extended by
  the Plan Administrator until a date not later than the expiration date of the
  Option. 

 (ii)        Notwithstanding
  Section 5.1(g)(i) above, any vested Options which have been granted to the Optionee
  in the Optionee's capacity as a director of the Corporation or any Related Corporation
  shall terminate upon the occurrence of the first of the following events: 

 A.        the event specified in Section
  5.1(g)(i)A above; 

 B.        the event specified in Section
  5.1(g)(i)D above; and 

 C.        the expiration
  of three (3) months from the date the Optionee ceases to serve as a director
  of the Corporation or Related Corporation, as the case may be unless, in the
  case of a Non-Qualified Stock Option, the exercise period is 

 - 7 - 

 extended by the Plan Administrator until a date not later
  than the expiration date of the Option. 

 (iii)        Upon
  the death of an Optionee, any vested Options held by the Optionee shall be exercisable
  only by the person or persons to whom such Optionee's rights under such Option
  shall pass by the Optionee's will or by the laws of descent and distribution
  of the Optionee's domicile at the time of death and only until such Options
  terminate as provided above. 

 (iv)        For
  purposes of the Plan, unless otherwise defined in the Agreement, "Disability"
  shall mean medically determinable physical or mental impairment which has lasted
  or can be expected to last for a continuous period of not less than twelve (12)
  months or that can be expected to result in death. The Plan Administrator shall
  determine whether an Optionee has incurred a Disability on the basis of medical
  evidence acceptable to the Plan Administrator. Upon making a determination of
  Disability, the Plan Administrator shall, for purposes of the Plan, determine
  the date of an Optionee's termination of employment or contractual relationship.

 (v)        Unless
  accelerated in accordance with Section 5.1(f) above, unvested Options shall
  terminate immediately upon termination of employment of the Optionee by the
  Corporation for any reason whatsoever, including death or Disability. 

 (vi)       For
  purposes of this Plan, transfer of employment between or among the Corporation
  and/or any Related Corporation shall not be deemed to constitute a termination
  of employment with the Corporation or any Related Corporation. Employment shall
  be deemed to continue while the Optionee is on military leave, sick leave or
  other bona fide leave of absence (as determined by the Plan Administrator).
  The foregoing notwithstanding, employment shall not be deemed to continue beyond
  the first ninety (90) days of such leave, unless the Optionee's re-employment
  rights are guaranteed by statute or by contract. 

 (h)        Exercise of Options 

 (i)        Options
  shall be exercisable, in full or in part, at any time after vesting, until termination.
  If less than all of the Common Shares included in the vested portion of any
  Option are purchased, the remainder may be purchased at any subsequent time
  prior to the expiration of the Option term. Only whole Common Shares may be
  issued pursuant to an Option, and to the extent that an Option covers less than
  one (1) share, it is unexercisable. 

 (ii)        Options
  or portions thereof may be exercised by giving written notice to the Corporation,
  which notice shall specify the number of Common Shares to be purchased, and
  be accompanied by payment in the amount of the aggregate exercise price for
  the Common Shares so purchased, which payment shall be in the form specified
  in Section 5.1(i) below. The Corporation shall not be obligated to issue, transfer
  or deliver a certificate representing Common Shares to the Holder of any Option,
  until provision has been made by the Holder, to the satisfaction of the Corporation,
  for the payment of the 

 - 8 - 

 aggregate exercise price for all Common
  Shares for which the Option shall have been exercised and for satisfaction of
  any tax withholding obligations associated with such exercise. During the lifetime
  of an Optionee, Options are exercisable only by the Optionee. 

 (i)        Payment upon Exercise of
  Option 

 Upon the exercise of any Option, the aggregate exercise price
  shall be paid to the Corporation in cash or by certified or cashier's check.
  In addition, if pre-approved in writing by the Plan Administrator who may arbitrarily
  withhold consent, the Holder may pay for all or any portion of the aggregate
  exercise price by complying with one or more of the following alternatives:

 (i) by delivering a properly executed exercise notice together
  with irrevocable instructions to a broker promptly to sell or margin a sufficient
  portion of the Common Shares and deliver directly to the Corporation the amount
  of sale or margin loan proceeds to pay the exercise price; or 

 (ii) by complying with any other payment mechanism approved
  by the Plan Administrator at the time of exercise. 

 (j)        No Rights as a Shareholder

 A Holder shall have no rights as a shareholder of the Corporation
  with respect to any Common Shares covered by an Option until such Holder becomes
  a record holder of such Common Shares, irrespective of whether such Holder has
  given notice of exercise. Subject to the provisions of Section 5.1(m) hereof,
  no rights shall accrue to a Holder and no adjustments shall be made on account
  of dividends (ordinary or extraordinary, whether in cash, securities or other
  property) or distributions or other rights declared on, or created in, the Common
  Shares for which the record date is prior to the date the Holder becomes a record
  holder of the Common Shares covered by the Option, irrespective of whether such
  Holder has given notice of exercise. 

 (k)        Non-transferability of
  Options 

 (i)        Options
  granted under this Plan and the rights and privileges conferred by this Plan
  may not be transferred, assigned, pledged or hypothecated in any manner (whether
  by operation of law or otherwise) other than by will or by applicable laws of
  descent and distribution or, in the case of a Non-Qualified Stock Option, pursuant
  to a qualified domestic relations order, and shall not be subject to execution,
  attachment or similar process; provided however that, subject to applicable
  laws: 

 A.        for
  Non-Qualified Stock Options, any Agreement may provide or be amended to provide
  that a Non-Qualified Stock Option to which it relates is transferable without
  payment of consideration to immediate family members of the Optionee or to trusts
  or partnerships or limited liability companies established exclusively for the
  benefit of the Optionee and the Optionee's immediate family members; 

 - 9 - 

 B.        for
  all Options, the Optionee's heirs or administrators may exercise any portion
  of the outstanding Options within one year of the Optionee's death. 

 (ii)        Upon
  any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of
  any Option or of any right or privilege conferred by this Plan contrary to the
  provisions hereof, or upon the sale, levy or any attachment or similar process
  upon the rights and privileges conferred by this Plan, such Option shall thereupon
  terminate and become null and void. 

 (l)        Securities Regulation and
  Tax Withholding 

 (i)        Common
  Shares shall not be issued with respect to an Option unless the exercise of
  such Option and the issuance and delivery of such Common Shares shall comply
  with all Applicable Laws, and such issuance shall be further subject to the
  approval of counsel for the Corporation with respect to such compliance, including
  the availability of an exemption from prospectus and registration requirements
  for the issuance and sale of such Common Shares. The inability of the Corporation
  to obtain from any regulatory body the authority deemed by the Corporation to
  be necessary for the lawful issuance and sale of any Common Shares under this
  Plan, or the unavailability of an exemption from prospectus and registration
  requirements for the issuance and sale of any Common Shares under this Plan,
  shall relieve the Corporation of any liability with respect to the non-issuance
  or sale of such Common Shares. 

 (ii)        As
  a condition to the exercise of an Option, the Plan Administrator may require
  the Holder to represent and warrant in writing at the time of such exercise
  that the Common Shares are being purchased only for investment and without any
  then-present intention to sell or distribute such Common Shares. If necessary
  under Applicable Laws, the Plan Administrator may cause a stop-transfer order
  against such Common Shares to be placed on the stock books and records of the
  Corporation, and a legend indicating that the Common Shares may not be pledged,
  sold or otherwise transferred unless an opinion of counsel is provided stating
  that such transfer is not in violation of any Applicable Laws, may be stamped
  on the certificates representing such Common Shares in order to assure an exemption
  from registration. The Plan Administrator also may require such other documentation
  as may from time to time be necessary to comply with applicable securities laws.
  THE CORPORATION HAS NO OBLIGATION TO UNDERTAKE REGISTRATION OF OPTIONS OR THE
  COMMON SHARES ISSUABLE UPON THE EXERCISE OF OPTIONS. 

 (iii)        The
  Holder shall pay to the Corporation by certified or cashier's check, promptly
  upon exercise of an Option or, if later, the date that the amount of such obligations
  becomes determinable, all applicable federal, state, local and foreign withholding
  taxes that the Plan Administrator, in its discretion, determines to result upon
  exercise of an Option or from a transfer or other disposition of Common Shares
  acquired upon exercise of an Option or otherwise related to an Option or Common
  Shares acquired in connection with an Option. Upon approval of the Plan Administrator,
  a Holder may satisfy such obligation by complying with one or more of the following
  alternatives selected by the Plan Administrator: 

 - 10 - 

 A.        by
  delivering to the Corporation Common Shares previously held by such Holder or
  by the Corporation withholding Common Shares otherwise deliverable pursuant
  to the exercise of the Option, which Common Shares received or withheld shall
  have a fair market value at the date of exercise (as determined by the Plan
  Administrator) equal to any withholding tax obligations arising as a result
  of such exercise, transfer or other disposition; or 

 B.        by complying with any other
  payment mechanism approved by the Plan Administrator from time to time. 

 (iv)        The issuance,
  transfer or delivery of certificates representing Common Shares pursuant to
  the exercise of Options may be delayed, at the discretion of the Plan Administrator,
  until the Plan Administrator is satisfied that the applicable requirements of
  all Applicable Laws and the withholding provisions of the Code have been met
  and that the Holder has paid or otherwise satisfied any withholding tax obligation
  as described in Section 5.1(l)(iii) above. 

 (m)        Adjustments Upon Changes
  In Capitalization 

 (i)        The aggregate
  number and class of shares for which Options may be granted under this Plan,
  the number and class of shares covered by each outstanding Option, and the exercise
  price per share thereof (but not the total price), and each such Option, shall
  all be proportionately adjusted for any increase or decrease in the number of
  issued Common Shares of the Corporation resulting from: 

 A.        a subdivision or consolidation
  of Common Shares or any like capital adjustment, or 

 B.        the issuance
  of any Common Shares, or securities exchangeable for or convertible into Common
  Shares, to the holders of all or substantially all of the outstanding Common
  Shares by way of a stock dividend (other than the issue of Common Shares, or
  securities exchangeable for or convertible into Common Shares, to holders of
  Common Shares pursuant to their exercise of options to receive dividends in
  the form of Common Shares, or securities convertible into Common Shares, in
  lieu of dividends paid in the ordinary course on the Common Shares). 

 (ii)        Except
  as provided in Section 5.1(m)(iii) hereof, upon a merger (other than a merger
  of the Corporation in which the holders of Common Shares immediately prior to
  the merger have the same proportionate ownership of common shares in the surviving
  corporation immediately after the merger), consolidation, acquisition of property
  or stock, separation, reorganization (other than a mere re-incorporation or
  the creation of a holding Corporation) or liquidation of the Corporation, as
  a result of which the shareholders of the Corporation, receive cash, shares
  or other property in exchange for or in connection with their Common Shares,
  any Option granted hereunder shall terminate, but the Holder shall have the
  right to exercise such Holder's Option immediately prior to any such merger,
  consolidation, acquisition of property or shares, separation, 

 - 11 - 

 reorganization or liquidation, and
  to be treated as a shareholder of record for the purposes thereof, to the extent
  the vesting requirements set forth in the Option agreement have been satisfied.

 (iii)        If
  the shareholders of the Corporation receive shares in the capital of another
  corporation ("Exchange Shares") in exchange for their Common Shares in any transaction
  involving a merger (other than a merger of the Corporation in which the holders
  of Common Shares immediately prior to the merger have the same proportionate
  ownership of Common Shares in the surviving corporation immediately after the
  merger), consolidation, acquisition of property or shares, separation or reorganization
  (other than a mere re-incorporation or the creation of a holding Corporation),
  all Options granted hereunder shall be converted into options to purchase Exchange
  Shares unless the Corporation and the corporation issuing the Exchange Shares,
  in their sole discretion, determine that any or all such Options granted hereunder
  shall not be converted into options to purchase Exchange Shares but instead
  shall terminate in accordance with, and subject to the Holder's right to exercise
  the Holder's Options pursuant to, the provisions of Section 5.1(m)(ii). The
  amount and price of converted options shall be determined by adjusting the amount
  and price of the Options granted hereunder in the same proportion as used for
  determining the number of Exchange Shares the holders of the Common Shares receive
  in such merger, consolidation, acquisition or property or stock, separation
  or reorganization. Unless accelerated by the Board, the vesting schedule set
  forth in the option agreement shall continue to apply to the options granted
  for the Exchange Shares. 

 (iv)        In
  the event of any adjustment in the number of Common Shares covered by any Option,
  any fractional shares resulting from such adjustment shall be disregarded and
  each such Option shall cover only the number of full shares resulting from such
  adjustment. 

 (v)        All
  adjustments pursuant to Section 5.1(m) shall be made by the Plan Administrator,
  and its determination as to what adjustments shall be made, and the extent thereof,
  shall be final, binding and conclusive. 

 (vi)        The
  grant of an Option shall not affect in any way the right or power of the Corporation
  to make adjustments, reclassifications, reorganizations or changes of its capital
  or business structure, to merge, consolidate or dissolve, to liquidate or to
  sell or transfer all or any part of its business or assets. 

 6.          EFFECTIVE DATE;
  AMENDMENT; SHAREHOLDER APPROVAL 

 6.1        Options
  may be granted by the Plan Administrator from time to time on or after the date
  on which this Plan is adopted by the Board (the "Effective Date"). 

 6.2        Unless
  sooner terminated by the Board, this Plan shall terminate on the tenth anniversary
  of the Effective Date. No Option may be granted after such termination or during
  any suspension of this Plan. 

 6.3        Any Incentive
  Stock Options granted by the Plan Administrator prior to the ratification of
  this Plan by the shareholders of the Corporation shall be granted subject to
  approval of this Plan 

 - 12 - 

 by the holders of a majority of the Corporation's outstanding
  voting shares, voting either in person or by proxy at a duly held shareholders'
  meeting within twelve (12) months before or after the Effective Date. If such
  shareholder approval is sought and not obtained, all Incentive Stock Options
  granted prior thereto and thereafter shall be considered Non-Qualified Stock
  Options and any Options granted to Covered Employees will not be eligible for
  the exclusion set forth in Section 162(m) of the Code with respect to the deductibility
  by the Corporation of certain compensation. 

 7.          NO OBLIGATIONS
  TO EXERCISE OPTION 

 7.1        The grant of an Option
  shall impose no obligation upon the Optionee to exercise such Option. 

 8.          NO RIGHT TO
  OPTIONS OR TO EMPLOYMENT 

 8.1        Whether
  or not any Options are to be granted under this Plan shall be exclusively within
  the discretion of the Plan Administrator, and nothing contained in this Plan
  shall be construed as giving any person any right to participate under this
  Plan. The grant of an Option shall in no way constitute any form of agreement
  or understanding binding on the Corporation or any Related Corporation, express
  or implied, that the Corporation or any Related Corporation will employ or contract
  with an Optionee for any length of time, nor shall it interfere in any way with
  the Corporation's or, where applicable, a Related Corporation's right to terminate
  Optionee's employment at any time, which right is hereby reserved. 

 9.          APPLICATION
  OF FUNDS 

 9.1        The proceeds
  received by the Corporation from the sale of Common Shares issued upon the exercise
  of Options shall be used for general corporate purposes, unless otherwise directed
  by the Board. 

 10.         INDEMNIFICATION OF
  PLAN ADMINISTRATOR 

 10.1       In addition
  to all other rights of indemnification they may have as members of the Board,
  members of the Plan Administrator shall be indemnified by the Corporation for
  all reasonable expenses and liabilities of any type or nature, including attorneys'
  fees, incurred in connection with any action, suit or proceeding to which they
  or any of them are a party by reason of, or in connection with, this Plan or
  any Option granted under this Plan, and against all amounts paid by them in
  settlement thereof (provided that such settlement is approved by independent
  legal counsel selected by the Corporation), except to the extent that such expenses
  relate to matters for which it is adjudged that such Plan Administrator member
  is liable for willful misconduct; provided, that within fifteen (15) days after
  the institution of any such action, suit or proceeding, the Plan Administrator
  member involved therein shall, in writing, notify the Corporation of such action,
  suit or proceeding, so that the Corporation may have the opportunity to make
  appropriate arrangements to prosecute or defend the same. 

 11.         AMENDMENT OF PLAN

 - 13 - 

 11.1       The Plan Administrator
  may, at any time, modify, amend or terminate this Plan or modify or amend Options
  granted under this Plan, including, without limitation, such modifications or
  amendments as are necessary to maintain compliance with the Applicable Laws.
  The Plan Administrator may condition the effectiveness of any such amendment
  on the receipt of shareholder approval at such time and in such manner as the
  Plan Administrator may consider necessary for the Corporation to comply with
  or to avail the Corporation and/or the Optionees of the benefits of any securities,
  tax, market listing or other administrative or regulatory requirements. 

Effective Date: November 17, 2004

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