Document:

Exhibit 4.1

Exhibit 4.1

ALBERTA STAR DEVELOPMENT CORP.

STOCK OPTION PLAN

1.

Purpose

The purpose of the Stock Option Plan (the “Plan”) of ALBERTA STAR DEVELOPMENT CORP., a corporation incorporated under the Business Corporations Act (Alberta) (the “Corporation”) is to advance the interests of the Corporation by encouraging the directors, officers, employees and consultants of the Corporation, and of its subsidiaries and affiliates, if any, to acquire common shares in the share capital of the Corporation (the “Shares”), thereby increasing their proprietary interest in the Corporation, encouraging them to remain associated with the Corporation and furnishing them with additional incentive in their efforts on behalf of the Corporation in the conduct of its affairs.

2.

Administration

The Plan shall be administered by the Board of Directors of the Corporation or by a special committee of the directors appointed from time to time by the Board of Directors of the Corporation pursuant to rules of procedure fixed by the Board of Directors (such committee or, if no such committee is appointed, the Board of Directors of the Corporation, is hereinafter referred to as the “Board”).  A majority of the Board shall constitute a quorum, and the acts of a majority of the directors present at any meeting at which a quorum is present, or acts unanimously approved in writing, shall be the acts of the directors.

Subject to the provisions of the Plan, the Board shall have authority to construe and interpret the Plan and all option agreements entered into thereunder, to define the terms used in the Plan and in all option agreements entered into thereunder, to prescribe, amend and rescind rules and regulations relating to the Plan and to make all other determinations necessary or advisable for the administration of the Plan.  All determinations and interpretations made by the Board shall be binding and conclusive on all participants in the Plan and on their legal personal representatives and beneficiaries.

Each option granted hereunder may be evidenced by an agreement in writing, signed on behalf of the Corporation and by the optionee, in such form as the Board shall approve.  Each such agreement shall recite that it is subject to the provisions of this Plan.

3.

Stock Exchange Rules

All options granted pursuant to this Plan shall be subject to rules and policies of any stock exchange or exchanges on which the common shares of the Corporation are then listed and any other regulatory body having jurisdiction hereinafter (hereinafter collectively referred to as, the “Exchange”).

4.

Shares Subject to Plan

Subject to adjustment as provided in Section 16 hereof, the Shares to be offered under the Plan shall consist of common shares of the Corporation’s authorized but unissued common shares.  The aggregate number of Shares issuable upon the exercise of all options granted under the Plan shall not exceed 10% of the issued and outstanding common shares of the Corporation from time to time.  If any option granted hereunder shall expire or terminate for any reason in accordance with the terms of the Plan without being exercised, the unpurchased Shares subject thereto shall again be available for the purpose of this Plan.

5.

Maintenance of Sufficient Capital

The Corporation shall at all times during the term of the Plan reserve and keep available such numbers of Shares as will be sufficient to satisfy the requirements of the Plan.

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6.

Eligibility and Participation

Directors, officers, consultants, and employees of the Corporation or its subsidiaries, and employees of person or company which provides management services to the Corporation or is subsidiaries (“Management Company Employees”) shall be eligible for selection to participate in the Plan (such persons hereinafter collectively referred to as “Participants”).  Subject to compliance with applicable requirements of the Exchange, Participants may elect to hold options granted to them in an incorporated entity wholly owned by them and such entity shall be bound by the Plan in the same manner as if the options were held by the Participant.

Subject to the terms hereof, the Board shall determine to whom options shall be granted, the terms and provisions of the respective option agreements, the time or times at which such options shall be granted and vested, and the number of Shares to be subject to each option.  In the case of employees or consultants of the Corporation or Management Company Employees, the option agreements to which they are party must contain a representation of the Corporation that such employee, consultant or Management Company Employee, as the case may be, is a bona fide employee, consultant or Management Company Employee of the Corporation or its subsidiaries.

A Participant who has been granted an option may, if such Participant is otherwise eligible, and if permitted under the policies of the Exchange, be granted an additional option or options it the Board shall so determine.

7.

Exercise Price

(a)

The exercise price of the shares subject to each option shall be determined by the Board, subject to applicable Exchange approval, at the time any option is granted.  In no event shall such exercise price be lower than the exercise price permitted by the Exchange.

(b)

Once the exercise price has been determined by the Board, accepted by the Exchange and the option has been granted, the exercise price of an option may be reduced upon receipt of Board approval, provided that in the case of options held by insiders of the Corporation (as defined in the policies of the Exchange), the exercise price of an option may be reduced only if disinterested shareholder approval is obtained.

8.

Number of Optioned Shares

(a)

The number of Shares subject to an option granted to any one Participant shall be determined by the Board, but no one Participant shall be granted an option which exceeds the maximum number permitted by the Exchange.

(b)

No single Participant may be granted options to purchase a number of Shares equaling more than 5% of the issued common shares of the Corporation in any twelve-month period unless the Corporation has obtained disinterested shareholder approval in respect of such grant and meets applicable Exchange requirements.

(c)

Options shall not be granted if the exercise thereof would result in the issuance of more than 2% of the issued common shares of the Corporation in any twelve-month period to any one consultant of the Corporation (or any of its subsidiaries).

(d)

Options shall not be granted if the exercise thereof would result in the issuance of more than 2% of the issued common shares of the Corporation in any twelve month period to persons employed to provide investor relation activities.  Options granted to Consultants performing investor relations activities will contain vesting provisions such that vesting occurs over at least 12 months with no more than 1⁄4 of the options vesting in any 3 month period.

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9.

Duration of Option

Each option and all rights thereunder shall be expressed to expire on the date set out in the option agreement and shall be subject to earlier termination as provided in Sections 11 and 12, provided that in no circumstances shall the duration of an option exceed the maximum term permitted by the Exchange.  For greater certainty, if the Corporation is listed on the TSX Venture exchange (“TSX Venture”), the maximum term may not exceed 10 years if the Corporation is classified as a “Tier 1” issuer by the TSX Venture, and the maximum term may not exceed 5 years if the Corporation is classified as a “Tier 2” issuer by the TSX Venture.

10.

Option Period, Consideration and Payment

(a)

The option period shall be a period of time fixed by the Board not to exceed the maximum term permitted by the Exchange, provided that the option period shall be reduced with respect to any option as provided in Sections 11 and 12 covering cessation as a director, officer, consultant, employee or Management Company Employee of the Corporation or its subsidiaries, or death of the Participant.

(b)

Subject to any vesting restrictions imposed by the Exchange, the Board may, in its sole discretion, determine the time during which options shall vest and the method of vesting, or that no vesting restrictions shall exist.

(c)

Subject to any vesting restrictions imposed by the Board, options may be exercised in whole or in part at any time and from time to time during the option period.  To the extent required by the Exchange, no options may be exercised under this Plan until this Plan has been approved by a resolution duly passed by the shareholders of the Corporation.

(d)

Except as set forth in Sections 11 and 12, no option may be exercised unless the Participant is at the time of such exercise a director, officer, consultant, or employee of the Corporation or any of its subsidiaries, or a Management Company Employee of the Corporation or any of its subsidiaries.

(e)

The exercise of any option will be contingent upon receipt by the Corporation at its head office of a written notice of exercise, specifying the number of Shares with respect to which the option is being exercised, accompanied by a cash payment, certified cheque or bank draft for the full purchase price of such Shares with respect to which the option is exercised.  No Participant or his legal representatives, legatees or distributes will be, or will be deemed to be, a holder of any common shares of the Corporation unless and until the certificates for Shares issuable pursuant to options under the Plan are issued to him or them under the terms of the Plan.

11.

Ceasing To Be a Director, Officer, Consultant or Employee

If a Participant shall cease to be a director, officer, consultant, employee of the Corporation, or its subsidiaries, or ceases to be a Management Company Employee, for any reason (other than death), such Participant may exercise his option to the extent that the Participant was entitled to exercise it as at the date of such cessation, provided that such exercise must occur within 90 days after the Participant ceases to be a director, officer, consultant, employee or a Management Company Employee, unless such Participant was engaged in investor relations activities, in which case such exercise must occur within 30 days after the cessation of the Participant’s services to the Corporation.

Nothing contained in the Plan, nor in any option granted pursuant to the Plan, shall as such confer upon any Participant any right with respect to continuance as a director, officer, consultant, employee or Management Company Employee of the Corporation or of any of its subsidiaries or affiliates.

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12.

Death of Participant

Notwithstanding section 11, in the event of the death of a Participant, the option previously granted to him shall be exercisable only within the one (1) year after such death and then only:

(a)

by the person or persons to whom the Participant’s rights under the option shall pass by the Participant’s will or the laws of descent and distribution; and

(b)

if and to the extent that such Participant was entitled to exercise the Option at the date of his death.

13.

Rights of Optionee

No person entitled to exercise an option granted under the Plan shall have any of the rights or privileges of a shareholder of the Corporation in respect of any Shares issuable upon exercise of such option until certificates representing such Shares shall have been issued and delivered.

14.

Proceeds from Sale of Shares

The proceeds from the sale of Shares issued upon the exercise of options shall be added to the general funds of the Corporation and shall thereafter be used from time to time for such corporate purposes as the Board may determine.

15.

Cash Surrender Option

Where the Shares are listed and posted for trading on a recognized stock exchange, Participants may elect to surrender, unexercised, options to purchase Shares (“Options”) granted pursuant to the Plan that are vested and exercisable, to the Corporation in consideration of the receipt by the Participant of an amount (the “Settlement Amount”) equal to the excess, if any, of the aggregate fair market value of the Shares (based on the weighted average trading price of the Shares on such stock exchange during the five trading days preceding the date of surrender or the price pursuant to an offer made for all of the issued and outstanding Shares, whichever is greater) able to be purchased pursuant to the vested and exercisable portion of such Options on the date of surrender, over the aggregate exercise price for the Shares pursuant to such Options.  In no circumstances will the Participant at any time be obligated to surrender Options as provided by this cash surrender option.  The Corporation may, in its sole discretion, refuse to accept the surrender of unexercised Options and if any such surrender is not accepted by the Corporation or completed for any reason, the notice of surrender (as described below) shall be deemed to be withdrawn and the Options in respect of such notice was provided shall again become subject to their original terms as if such notice of surrender had not been provided.  Unexercised Options may be surrendered in whole or in part from time to time by delivery to the Corporation at its head office of a written notice of surrender specifying the number of Shares with respect which the unexercised Options are being surrendered.  Upon the surrender of unexercised Options as aforesaid, the Corporation shall use its reasonable efforts to forthwith deliver to the relevant Participant (or his personal representative, if applicable) or to the order thereof, payment of the Settlement Amount (net of any amounts required to be withheld under applicable withholding legislation) by way of cheque or otherwise in a manner acceptable to the Corporation.

16.

Adjustments

If the outstanding common shares of the Corporation are increased, decreased, changed into or exchanged for a different number or kind of shares or securities of the Corporation or another corporation or entity through re-organization, merger, re-capitalization, re-classification, stock dividend, subdivision or consolidation, any adjustments relating to the Shares optioned or issued on exercise of options and the exercise price per Share as set forth in the respective stock option agreements shall be made in accordance to the terms of such agreements.

Adjustments under this Section shall be made by the Board whose determination as to what adjustments shall be made, and the extent thereof, shall be final, binding and conclusive.  No fractional Share shall be required to be issued under the Plan on any such adjustment.

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17.

Transferability

All benefits, rights and options accruing to any Participant in accordance with the terms and conditions of the Plan shall not be transferable or assignable unless specifically provided herein or the extent, if any, permitted by the Exchange.  During the lifetime of a Participant any benefits, rights and options may only be exercised by the Participant.

18.

Amendment and Termination of Plan

Subject to applicable approval of the Exchange, the Board may, at any time, suspend or terminate the Plan.  Subject to applicable approval of the Exchange, the Board may at any time amend or revise the terms of the Plan; provided that no such amendment or revision shall result in a material adverse change to the terms of any options theretofore granted under the Plan, unless shareholder approval, or disinterested shareholder approval, as the case may be, is obtained for such amendment or revision.

19.

Necessary Approvals

The ability of a Participant to exercise options and the obligations of the Corporation to issue and deliver Shares in accordance with the Plan is subject to any approvals which may be required from shareholders of the Corporation and any regulatory authority or stock exchange having jurisdiction over the securities of the Corporation.  If any Shares cannot be issued to any Participant for whatever reason, the obligation of the Corporation to issue such Shares shall terminate and any option exercise price paid to the Corporation will be returned to the Participant.

20.

Effective Date of Plan

The Plan has been adopted by the Board of the Corporation subject to the approval of the Exchange, and, if so approved, subject to the discretion of the Board, the Plan shall become effective upon such approvals being obtained.

21.

Interpretation

The Plan will be governed by and construed in accordance with the laws of the Province of Alberta.

MADE by the Board of Directors of the Corporation as evidenced by the signature of the following director duly authorized in that behalf effective the 6th day of June, 2007 and approved by the shareholders of the Corporation on the 7th day of November, 2007.

/ s / Tim Coupland

Tim Coupland

President, Chief Executive Officer and

Director

128Exhibit 4.2

Exhibit 4.2

EMPLOYEMENT AGREEMENT

THIS AGEEMENT made as of the 30th day of March 2007.

BETWEEN:

ALBERTA STAR DEVELOPMENT CORPORATION, a company duly incorporated under the laws of the Province of Alberta, having an office at Suite 506 – 675 West Hastings Street, Vancouver, British Columbia, V6B 1N2

(the “Company”)

OF THE FIRST PART

AND:

TIMOTHY COUPLAND, Executive of 1090 Shaman Crescent, Delta, British Columbia, V4M 2L7

(“Coupland”)

OF THE SECOND PART

WHEREAS:

A.

The Company is engaged in the business of acquiring and exploring mineral properties;

B.

The Company and Coupland have agreed to enter into an employment relationship for their mutual benefit;

NOW THEREFORE in consideration of the premises and the covenants herein contained the parties hereby covenant and agree as follows:

1.

Definitions.  In this Agreement,

(a)

“Base Salary” means the monthly salary payable to Coupland by the Company but excludes any Bonuses paid to Coupland by the Company, as more particularly set out on the attached Schedule A;

(b)

“Bonus” means for any calendar year the performance bonus paid by the Company as incentive remuneration and calculated based on the Audited Financial Statements for the immediately proceeding year, as more particularly set out on the attached Schedule A;

(c)

“Compensation” means the aggregate of:

(i)

the Base Salary of Coupland payable by the Company as at the end of the month immediately preceding the month in which the date of termination of employment hereunder occurs; and

(ii)

an amount equal to the Bonus for the year immediately preceding the date of termination of employment hereunder;

(d)

“Date of Termination” means the actual effective date of termination of Coupland’s employment with the Company, or the date on which notice of termination is given if given prior to the expressed effective date;

(e)

“Plans” means the Company’s retirement, deferred compensation and pension plans;

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(f)

“Retirement” means the termination of Coupland’s employment with the Company by reason of Coupland having reached the normal retirement age pursuant to the Company’s retirement plan from time to time;

(g)

“Severance Period” means the period of twenty-four (24) months immediately following the date of termination of Coupland’s employment with the Company.

2.

Responsibilities and Status of Coupland.  Coupland shall have the responsibilities and status which he has on the date hereof, will hold the position of President of the Company and will render such administrative, sales, marketing and other executive and managerial services to the Company as the Company’s board of directors (the “Board”) may from time to time direct.  The Board of Directors of the Company may change Coupland’s responsibilities and status from time to time.  Coupland shall devote approximately ninety (90%) percent of his time to the President’s responsibilities and shall use his best efforts to promote the interests of the Company.

3.

Salary and Bonuses.  The Base Salary will be paid at the rate per annum as set out on the attached Schedule A, effective as of the date hereof, which Base Salary will be payable by the  Company in regular installments in accordance with the general payroll practices of the Company.  The Company will in December 2007 and in every December thereafter, review the Base Salary with Coupland and increase the Base Salary by such amount, if any, as the parties may agree to, but such increase shall not be less than $50,000 per annum.

In addition, Coupland will be eligible to receive an annual Bonus as set out on the attached Schedule A.  All Bonuses shall be calculated based upon the Audited Financial Statements of the Company and shall be made payable to a company wholly owned by Company, as directed by him, within 90 days of the Company’s fiscal year end.  All such payments shall be subject to the applicable payroll deductions and withholdings.

4.

Benefits.  In addition to the Base Salary and Bonus payable to Coupland, he will be entitled to the following benefits during the Term of this Employment Agreement, unless otherwise modified by the Board:

(i)

dental benefits, medical and health insurance, “key man” insurance and disability insurance with such coverage as is reasonably determined by the Board or in effect at the date hereof, which ever is better;

(ii)

the Company agrees to pay the premiums for any life insurance policy which Coupland maintains, the proceeds of which are payable to the person named as beneficiary in Coupland’s sole discretion;

(iii)

continued participation in the annual stock option grants offered by the Company;

(iv)

a maximum of four weeks vacation each year with Base Salary paid during such period;

(v)

reimbursement for reasonable business expenses incurred by Coupland, including meal and entertainment expenses incurred in the course of discharging his obligations under this Employment Agreement;

(vi)

reimbursement for reasonable travel expenses of Coupland’s spouse to relevant industry meetings agreed upon in advance; and

(vii)

reimbursement directly to Coupland or payment of monthly car allowance fee of up to $1,000 per month, for the capital and operating costs of using his personal automobile in the course of discharging this obligations under this Employment Agreement.

All amounts payable to Coupland as compensation hereunder will be subject to all required statutory withholdings by the Company.

5.

Expenses.  The Company shall reimburse Coupland for all traveling, meals and entertainment and any other expenses actually and properly incurred by him in connection with his duties as President, provided that such expenses are approved by an authorized officer or director of the Company and are supported by proper statements, invoices or vouchers supplied to the Company within 30 days of the expense being incurred.  Coupland shall be reimbursed for the approved expenses within 30 days of rendering the request.

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6.

Termination of Employment.  The term o this Employment Agreement will be for an indefinite period deemed to commence on September 1, 2000 (the “Term”).  In the event that Coupland’s employment with the Company shall be terminated (including by Coupland) for any reason whatsoever (other than as a result of an Excluded Termination), the following provisions shall apply:

(a)

Coupland shall be entitled to receive, and the Company shall pay to Coupland the following:

(i)

a severance amount determined by multiplying the Base salary by seven (months) payable in seven consecutive monthly installments, based upon the total amount of the per annum Base Salary being paid as of the Date of Termination;

(ii)

Base Salary accrued to the Date of Termination;

(iii)

an amount in lieu of the Bonus for the calendar year in which the Date of Termination occurs, determined by pro rating the amount which would have been payable as a Bonus for the calendar year in which the Date of the Termination occurs as if Coupland’s employment had not been terminated, over the portion of such calendar year to and including the Date of Termination;

(iv)

the value of all benefits accrued to the Date of Termination;

(v)

any other amounts to which Coupland is entitled at law or under any other terms and conditions of Coupland’s employment with the Company;

Less the required statutory deductions.

(b)

unless the Company and Coupland otherwise agree in writing, Coupland shall continue to receive and the Company shall continue to provide or cause to be provided to Coupland, until the end of the period which is three months from the Date of Termination, all benefits and fringe benefits including, without limitation, medical and health insurance, dental benefits, disability insurance, life insurance, pension and supplementary income plan benefits on the scale provided by the Company to Coupland as at the Date of Termination;

(c)

the aggregate amount payable under Sections 6 (a)(i), (ii) and (iv), shall be paid to Coupland immediately following termination and in any event within 30 days following the Date of Termination, and the amount payable under Section 6 (a)(iii) shall be paid to Coupland immediately following the determination by the Board of Directors of the bonuses payable for the calendar year in which the date of termination occurred and no later than 90 days after the fiscal year end of the Company;

(d)

In the event that Coupland is required to move from the Province of British Columbia in order to obtain other employment, the Company shall pay $50,000 towards such moving costs;

(e)

Coupland shall have the option of purchasing from the Company the vehicle which he is using as of the Date of Termination at a price equal to the book value as of the Date of Termination; and

(f)

Coupland shall be entitled to have continued participation in the annual option grants and benefit plans operated by the Company for a period of twenty four (24) months following the date of Termination or the death of Coupland, whichever is earlier.

7.

Notwithstanding any other provisions of this Employment Agreement, the Company may terminate Coupland’s employment on the following grounds:

(a)

Coupland’s death while employed under this Employment Agreement; or

(b)

A determination that Coupland is disabled, which is defined as a failure to perform the employment duties for a consecutive period of 12 months by reason of illness or other physical of mental incapacity on determination of such disability by a medical physician.

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In the event that this Employment Agreement is terminated as provided in this Section 7, then Coupland shall be deemed to have terminated his employment pursuant to the terms of Section 6 and the payments set out therein shall be payable to Coupland or his estate, as the case may be.

8.

Notwithstanding the provisions contained in Section 6, the Company may terminate Coupland’s employment for Just Cause without notice, payment in lieu of notice or severance and such termination will be effective upon the later of the day Coupland receives written notice of termination from the Company and they day specified in such notice.

9.

For the purpose of this Employment Agreement, “Just Cause” includes (i) a material breach of this Employment Agreement by Coupland, (ii) a breach of Coupland’s duty of loyalty to the Company or any act of dishonesty or fraud with respect tot eh Company, (iii) the commission by Coupland of an indictable offence, a crime involving moral turpitude, an act of sexual harassment or discrimination or other act or omission causing material harm to the standing and reputation of the Company; (iv) the failure of Coupland to perform his duties to the Company; or (v) a material breach of the policies of the Company.

10.

Coupland may terminate this Employment Agreement on not less than three months notice to the Company, in which case the obligations of the Company under this Employment Agreement will be terminated.  The notice period set out in this Section 9 is intended to protect the interests of the Company and, if such period exceeds what is reasonable in all of the circumstances to protect the interests of the Company, the Company will not unreasonably refuse to consent to a reduction thereof.

11.

Termination Due to Change in Control.  In the event that there is a Change of Control as hereinafter defined, Coupland and the Company agree that this will constitute an event of termination and Coupland will be entitled to the rights and payments contained in Section 6.

For the purposes of this Employment Agreement, “Change of Control” includes but is not limited to, the following events’

(a)

Sale by the Company of all, or substantially all of its assets;

(b)

A merger, amalgamation of other corporate reorganization resulting in a party acquiring beneficially 33% or more of the voting shares of the entity; or

(c)

The purchase of sale of 33% or more of the voting interest of the Company by any party.

12.

Amendment and Waiver.  No amendment or waiver of this Agreement shall be binding unless executed in writing by the parties hereto.

13.

Confidential Information.  Coupland acknowledges that the information, observations and data (including trade secrets) obtained by him while employed by the Company concerning the business or affairs of the Company, and its affiliates (the “Confidential Information”) are the property of the Company, or such affiliate.  Therefore, Coupland agrees that he will not disclose to any unauthorized person or use for his own purposes any Confidential Information without the prior written consent of the Board, unless and to the extent that the Confidential Information becomes generally known to and available for use by the public other than as a result of his acts or omissions.  Coupland will deliver to the Company at the termination or expiration of this Employment Agreement, or at any other time the Company may request, all memoranda, notes, plans, records, reports, computer tapes, printouts and software and other documents and data (and copies thereof) embodying or relating to the Confidential Information or the business of the Company, and its affiliates of which he may then possess or have under his control.

132

14.

Indemnity.  The Company has requested that Coupland act as an officer of the Company.  As an inducement to Coupland to so act as President pursuant to the terms of this Employment Agreement, the Company agrees to indemnify Coupland to the full extent permitted by law, from all Liabilities arising from:

1.

Anything Coupland does, permits to be done or fails to do as an officer of the Company, or both; or

2.

Coupland being an officer of the Company.

“Liabilities” means liabilities, costs, charges and expenses, consequential or otherwise (including all liabilities for judgments, fines, penalties, amounts paid in settlement, legal fees and expenses) that the Company suffers or incurs resulting from:

1.

Any proposed or actual action, suit, assessment or other proceeding in which any the Company is or may become involved;

2.

Any order made or judgment awarded against the Company or any investigation or proceeding involving the Company by any court, administrative or quasi-judicial official body, agency, regulatory authority or tribunal; and

3.

Any liability for the net amount of all taxes, including taxes on all indemnity payments under this Employment Agreement, and all interest, fines and penalties on such taxes and indemnity payments.

This Indemnity shall continue even after Coupland ceases to be an officer of the Company.  The Company shall pay all amounts required by this Indemnity forthwith upon written demand by Coupland, even if any existing action, suit or other proceeding in respect of which indemnity is requested is continuing or any proposed action, suit or other proceeding in respect of which indemnity is requested has not been commenced.

The Company acknowledges that it has in place appropriate insurance insuring its directors and officers in respect of their liabilities as such and agrees to ensure that such insurance will remain in place as long as Coupland may have any liability as an officer of the Company.

15.

Choice of Law.  This Employment Agreement shall be governed and interpreted in accordance with the laws of the Province of British Columbia, which shall be the proper law hereof.

16.

Severability.  If any provision of this Employment Agreement shall be held by a court of competent jurisdiction to be invalid or unenforceable, such invalid or unenforceable provision shall be severable and severed from this Agreement, and the remainder of this Agreement shall not be affected thereby but shall be and remain in full force and effect.

17.

Notices.  Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be given by prepaid first-class mail, by facsimile or other means of electronic communication, or by hand-delivery, as hereinafter provided.  Any such notice or other communication, if mailed by prepaid first-class mail, shall be deemed to have been received on the fourth business day after the post-marked date thereof, or if sent by facsimile or other means of electronic communication, shall be deemed to have been received on the business day following the sending, or if delivered by hand shall be deemed to have been received at the time it is delivered.

18.

Arbitration.  Any disputes between the parties relating to the terms of this Employment Agreement may be referred to a sole arbitrator for determination.  Such arbitrator is to be appointed by both parties in their sole discretion.

19.

Assignment.  This Employment Agreement is personal to Coupland and my not be assigned by him.

20.

Further Documents.  Each party covenants and agrees to execute such further documents and instruments and do such further and other things as are necessary to carry out the intent of this Employment Agreement.

21.

Successors.  This Employment Agreement shall be binding upon the parties hereto and their respective heirs, successors, administrators, executors and permitted assigns.

133

22.

Independent Legal Advice.  Coupland hereby acknowledges that he has received independent legal advice with respect to this Employment Agreement.

23.

Previous Agreements.  Except as specifically stated in this Employment Agreement, any and all previous agreements, written or oral, between the parties pertaining to the relationship of Coupland to the Company are hereby terminated.

IN WITNESS WHEREOF the parties hereto have duly executed and delivered this Employment Agreement as of the date first above written.

/ s / Timothy Coupland

TIMOTHY COUPLAND

ALBERTA START DEVELOPMENT CORP.

By: / s / Rob Hall

Authorized Representative

134

SHEDULE A

1.

Annual Base Salary - $200,000 retroactive for the year 2006 and thereafter will be established by the Board and Coupland as set out in Section 3, but after 2006 such amount is not to be less than $250,000.

2.

Bonus – Bonus of $100,000 for fiscal year ended 2006, but thereafter will be determined by the Board as set out in Section 3 and will be no greater than 75% of the Annual Base Salary payable for that year as determined by the Board.

135

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