Document:

AGREEMENT FOR INDEMNIFICATION

     THIS AGREEMENT FOR  INDEMNIFICATION  ("Agreement") is made and entered into
as of the 12th day of April  2000,  by and  between  TMEX  USA,  Inc.,  a Nevada
corporation  ("Corporation"),  and Cecil Zeringue, Vice President and a director
of the Corporation ("Indemnitee").

                                    RECITALS

     A.  The   Corporation   and  the  Indemnitee   understand  and  agree  that
interpretations of statutes,  regulations, court opinions, and the Corporation's
Articles  of  Incorporation  and  Bylaws,  are  too  uncertain  to  provide  the
Corporation's officers and directors with adequate or reliable advance knowledge
or guidance with respect to the legal risks and potential  liabilities  to which
they may become  exposed  personally as a result of  performing,  in good faith,
their duties as officers and directors of the Corporation.

     B. The Corporation and the Indemnitee are aware of the substantial increase
in the  number of  litigation  matters  filed  against  corporate  officers  and
directors.

     C. The  Corporation and the Indemnitee are aware that the cost of defending
those  litigation   matters,   whether  or  not  those  litigation  matters  are
meritorious,  may be in excess of the  financial  resources  of the officers and
directors of the Corporation or may  significantly  exceed the limited  benefits
derived by persons serving as officers and directors of the Corporation.

     D. The  Corporation  and the  Indemnitee are aware that the legal risks and
potential officer and director liabilities,  or the very threat thereof, and the
resulting substantial time endured, and fees and expenses incurred, in defending
against such litigation matters have no reasonable  logical  relationship to the
amount of  compensation  received by the  Corporation's  officers and directors.
These  factors (i) cause a significant  deterrent to, and (ii) induce  increased
reluctance on the part of,  experienced and capable persons to serve as officers
and directors of the Corporation.

     E. The  Corporation has  investigated  the  availability  and deficiency of
liability  insurance  to  provide  its  officers  and  directors  with  adequate
protection  against the  foregoing  legal risks and potential  liabilities.  The
Corporation  has  concluded  that  such  insurance  does  not  provide  adequate
protection  to  the  Corporation's  officers  and  directors.   Therefore,   the
Corporation believes it will be in the best interests of the Corporation and

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its  shareholders for the Corporation to agree with the  Corporation's  officers
and  directors,  including  the  Indemnitee,  to  indemnify  those  officers and
directors,  to the most  complete  extent  permitted  by law,  against  personal
liability for actions taken in the good faith performance in their duties to the
Corporation.

     F.  Section  78.7502  of the  General  Corporation  Law of  Nevada  ("Law")
specifies   the   circumstances   regarding   the   mandatory   and   permissive
indemnification  by a Nevada corporation of the officers,  directors,  employees
and agents of that corporation, and those provisions (i) require indemnification
in certain  circumstances,  (ii) permit  indemnification in other circumstances,
and (iii) prohibit indemnification in some circumstances.

     G.  The  members  of  the  Board  of  Directors  of  the  Corporation  have
determined, after careful consideration and investigation of the various options
available,  that the provisions of this Agreement are reasonable,  prudent,  and
necessary to promote and ensure the best  interests of the  Corporation  and its
shareholders.  The  provisions  of the  Agreement are intended to (i) induce and
encourage  significantly  experienced and capable persons such as the Indemnitee
to serve as officers  and  directors of the  Corporation;  (ii)  encourage  such
persons to resist what they consider to be unjustifiable  litigation matters and
claims made against them regarding the good faith performance of their duties to
the  Corporation,  secure in the knowledge  that certain  expenses,  costs,  and
liabilities incurred by them in their defense of such litigation matters will be
borne  and paid by the  Corporation  and that  they  will  receive  the  maximum
protection  against such risks and  liabilities as legally may be made available
to them;  and (iii)  encourage  officers  and  directors of the  Corporation  to
exercise their best business judgment  regarding matters which will be submitted
to them for consideration, without undue concern for the risk that claims may be
made against them because they are officers or directors of the Corporation.

     H. The Corporation  desires to cause the Indemnitee to continue to serve as
an officer and director of the Corporation free from concern for  unpredictable,
inappropriate,  or unreasonable legal risk and personal liabilities by reason of
his acting in good faith in the  performance  of his duties to the  Corporation.
The Indemnitee  desires to serve as an officer and director of the  Corporation;
provided,  however, and on the express condition,  that he is furnished with the
indemnification specified by the provisions of this Agreement.

NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING RECITALS,  PREMISES, PROMISES,
COVENANTS,  AGREEMENTS,  AND  UNDERTAKINGS  SPECIFIED BY THE  PROVISIONS OF THIS
AGREEMENT  AND FOR  OTHER  GOOD AND  VALUABLE  CONSIDERATION,  THE  RECEIPT  AND
SUFFICIENCY

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OF WHICH ARE HEREBY  ACKNOWLEDGED,  WITH THE INTENT TO BE OBLIGATED  LEGALLY AND
EQUITABLY, THE PARTIES TO THIS AGREEMENT AGREE WITH EACH OTHER AS FOLLOWS:

     1. Definitions. For the purposes of this Agreement, the following words and
terms shall be defined as follows:

     (a)  The term "Proceeding" does and shall include any threatened,  pending,
          or  completed  action,   inquiry,   lawsuit,   litigation  matter,  or
          proceeding,  whether  commenced  in the  name of the  Corporation,  or
          otherwise,   and   whether   civil,   criminal,   administrative,   or
          investigative  in nature,  including,  but not  limited  to,  actions,
          inquiries,   investigations,   litigation   matters,   or  proceedings
          commenced   pursuant  to  or  predicated  on  the  provisions  of  the
          Securities  Act of 1933, as amended;  the  Securities  Exchange Act of
          1934, as amended; their respective state and provincial  counterparts;
          and any rule or regulation  promulgated pursuant thereto, in which the
          Indemnitee may be, or may have been involved as, a party, or otherwise
          (other than  plaintiff  against the  Corporation),  because of (i) the
          fact that the  Indemnitee  is or was an  officer  or  director  of the
          Corporation,  (ii) any action  taken by the  Indemnitee,  or (iii) any
          inaction by the Indemnitee  while he is or was  functioning as such an
          officer or director of the Corporation.

     (b)  The term  "Expenses"  includes,  but is not  limited  to,  expenses of
          investigations,  judicial or  administrative  proceedings  or appeals,
          court costs,  attorneys' fees and  disbursements,  and any expenses of
          establishing a right to indemnification  pursuant to applicable law or
          the provisions of Paragraph 7 of this Agreement.

     (c)  References to "other enterprise" does and shall include each entity of
          and for which the  Corporation is the managing agent and references to
          "serving at the request of the Corporation" does and shall include any
          service  by  the   Indemnitee  as  an  officer  and  director  of  the
          Corporation  which  imposes  duties on, or  involves  services  by the
          Indemnitee while functioning as such officer and director with respect
          to any such entity, its members,  partners,  or beneficiaries;  and if
          the  Indemnitee  acts in good  faith  and in a  manner  he  reasonably
          believes to be in the best  interests  of the  members,  partners  and
          beneficiaries  of such entity,  the Indemnitee shall be deemed to have
          acted  in  a  manner  "not  opposed  to  the  best  interests  of  the
          Corporation," as that

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          phrase is contemplated by the provisions of this Agreement.

     (d)  For the purposes of this Agreement,  the Indemnitee shall be deemed to
          have been acting as an "Agent" if he was  functioning  in his capacity
          as  (i)  an  officer  of  the  Corporation,  (ii)  a  director  of the
          Corporation,  (iii) a member of a committee  of the Board of Directors
          of the  Corporation,  or (iv) a  representative  or agent of any other
          enterprise  at the  request of the  Corporation,  whether or not he is
          functioning  in such  capacity at the time any liability or expense is
          incurred for which  indemnification  or reimbursement  can be provided
          pursuant to the provisions of this Agreement.

     (e)  The term "Applicable Standard" means that the Indemnitee acted in good
          faith and in a manner that the Indemnitee reasonably believed to be in
          the best  interests  of the  Corporation;  except  that in a  criminal
          proceeding,  the Indemnitee must also have had no reasonable  cause to
          believe that the Indemnitee's conduct was unlawful. The termination of
          any Proceeding by judgment,  order,  settlement,  conviction or upon a
          plea of nolo  contendere  or any  equivalent  procedure  shall not, of
          itself, create any presumption,  or establish, that the Indemnitee did
          not satisfy the "Applicable Standard."

     (f)  "Independent Legal Counsel" shall include any law firm selected by the
          regular  counsel  for the  Corporation  from a list of law firms which
          satisfy reasonable  criteria  established by the Board of Directors of
          the Corporation;  provided, however, such law firm has not represented
          the  Corporation,  the  Indemnitee,  or any person  controlled  by the
          Indemnitee within the preceding 24 calendar months.

     (g)  The term  "Estate"  shall  include  the  following  terms as those are
          understood by applicable law:

          (1)  The   duly   appointed   and   qualified   executor,   executrix,
               administrator,   administratrix,   administrator  with  the  Will
               annexed,  or administratrix  with the Will annexed, of the estate
               of a decedent;

          (2)  The surviving joint tenant of a decedent,  when shares of capital
               stock  issued by the  Corporation  are owned by a decedent  and a
               person who is not active in the  business of the  Corporation  as
               joint tenants;

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          (3)  Any other person who, because of the community  property or other
               law of any jurisdiction,  may acquire,  by reason of the death of
               such decedent, and without formal probate proceedings, any right,
               title, or interest in or to shares of capital stock issued by the
               Corporation to such decedent; or

          (4)  An  irrevocable  living or  grantor's  trust for the benefit of a
               deceased shareholder of the Corporation.

     2. Agreement to Serve.  The Indemnitee  shall serve or continue to serve as
Vice President and a member of the Board of Directors of the  Corporation at the
will  of the  Corporation's  shareholders,  or  pursuant  to the  provisions  of
separate  agreement,  as the case may be, for such time as he is duly elected or
appointed, and until such time as he tenders his resignation in writing or he is
removed.

     3. Indemnity in Third Party  Proceedings.  The Corporation  shall indemnify
the Indemnitee,  if the Indemnitee is made a party to or threatened to be made a
party to, or  otherwise  involved  in, any  Proceeding  (other than a Proceeding
which is an action by or in the right of the  Corporation  to procure a judgment
in its favor), because of the fact that the Indemnitee is or was an Agent of the
Corporation.   The  indemnification  contemplated  by  the  provisions  of  this
Paragraph 3 shall apply, and be limited, to and against all Expenses, judgments,
fines,  penalties,  settlements,  and other  amounts,  actually  and  reasonably
incurred by the  Indemnitee in connection  with the defense or settlement of any
such Proceeding;  provided, however, it is determined pursuant to the provisions
of Paragraph 7 of this Agreement or by the court in which such  Proceeding is or
was pending that the Indemnitee satisfied the Applicable Standard.

     4.  Indemnity  in  Proceedings  By or In the Name of the  Corporation.  The
Corporation  shall indemnify the  Indemnitee,  if the Indemnitee is made a party
to,  or  threatened  to be  made a party  to,  or  otherwise  involved  in,  any
Proceeding which is an action by or in the right of the Corporation to procure a
judgment in the Corporation's favor because the Indemnitee is or was an Agent of
the  Corporation.  The  indemnification  contemplated  by the provisions of this
Paragraph 4 shall apply,  and be limited,  to and against all Expenses  actually
and  reasonably  incurred by the  Indemnitee in  connection  with the defense or
settlement of such Proceeding, but only if:

     (a)  the  Indemnitee  satisfies the  Applicable  Standard  (except that the
          Indemnitee's  belief  regarding the best interests the  Corporation or
          other enterprise need

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          not have been reasonable);

     (b)  the Indemnitee acted with such care,  including reasonable inquiry, as
          an ordinarily prudent person in a similar circumstance would use; and

     (c)  the  Proceeding  is settled or otherwise  disposed of with approval of
          the Corporation.

     No  indemnification  shall  be  made  pursuant  to the  provisions  of this
Paragraph 4 for any claim,  issue,  or matter as to which the  Indemnitee  shall
have been adjudged to be liable to the  Corporation  in the  performance  of the
Indemnitee's duty to the Corporation,  unless,  and only to the extent that, the
court  in  which  such  Proceeding  is  or  was  pending  shall  determine  upon
application  that,  considering all the  circumstances of such  Proceeding,  the
Indemnitee  is  fairly  and  reasonably  entitled  to  indemnification  for  the
Expenses, which such court shall determine.

     5. Expenses of Successful  Indemnitee.  Notwithstanding any other provision
of this Agreement,  to the extent that the Indemnitee has been successful on the
merits in defense of any Proceeding or in defense of any claim, issue, or matter
in such Proceeding,  the Indemnitee shall be indemnified by the Corporation from
and against all Expenses  actually and  reasonably  incurred in connection  with
such Proceeding.

     6.  Advances of Expenses.  The Expenses  incurred by the  Indemnitee in any
Proceeding shall be advanced by the Corporation  prior to the final  disposition
of such  Proceeding at the written  request of the  Indemnitee,  but only if the
Indemnitee shall undertake to repay such advances, unless and to the extent that
it is ultimately  determined that the Indemnitee is entitled to indemnification.
Any advance  required  pursuant to the  provisions of this  Paragraph 6 shall be
deemed to have been  approved  by the members of the Board of  Directors  of the
Corporation to the extent the provisions of this Agreement have been approved by
the members of that Board of Directors. In determining whether or not to make an
advance  pursuant  to the  provisions  of this  Paragraph  6, the ability of the
Indemnitee  to repay any such  advance  shall not be a factor.  In a  Proceeding
commenced by the Corporation directly, in its own right (as distinguished from a
Proceeding  commenced   derivatively  or  by  any  receiver  or  trustee),   the
Corporation  shall have the discretion not to make the advance  contemplated  by
the  provisions  of  this  Paragraph  6,  if  independent  counsel  advises  the
Corporation in writing that the Corporation  has probable cause to believe,  and
the Corporation does, in fact, believe,  that the Indemnitee did not act in good
faith with regard to the subject matter of such Proceeding or a material portion
of

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such Proceeding.

     7. Right of the Indemnitee to Indemnification  Upon Application;  Procedure
Upon Application.  Any indemnification or advance contemplated by the provisions
of this Agreement  shall be made no later than 30 calendar days after receipt by
the  Corporation  of a written  request by the  Indemnitee  for such  advance or
indemnification  and which  request  shall be  provided in  accordance  with the
provisions  of  Paragraph  11  of  this  Agreement.  In  all  other  situations,
indemnification  shall  be made by the  Corporation  only if  authorized  in the
specific situation,  upon a determination that indemnification of the Indemnitee
is proper  according to the  circumstances  and the provisions of this Agreement
by:

     (a)  a majority  vote of a quorum of the members of the Board of  Directors
          of the Corporation (or a duly  constituted  committee of that Board of
          Directors),  consisting  of officers and directors who are not parties
          to the Proceeding at issue;

     (b)  approval  of a majority  in  interest  of the  issued and  outstanding
          voting  capital  stock  of the  Corporation,  and  any  shares  of the
          Corporation's  voting  capital stock entitled to vote therefor held by
          the   Indemnitee   shall  not  be  entitled  to  vote  regarding  such
          indemnification;

     (c)  the court in which the  Proceeding  at issue is or was  pending,  upon
          application  made by the  Corporation or made by (i) the Indemnitee or
          (ii) any person rendering services in connection with the Indemnitee's
          defense, whether or not the Corporation opposes such application; or

     (d)  to the extent  permitted by law and as expressed by independent  legal
          counsel in a written opinion.

     The right to indemnification or advances  contemplated by the provisions of
this Agreement  shall be enforceable by the Indemnitee in any court of competent
jurisdiction.  The burden of proving  that such  indemnification  or advances is
appropriate  shall be on the Indemnitee.  Neither the failure of the Corporation
(including the members of its Board of Directors or  independent  legal counsel)
to make a  determination  prior to the  commencement  of any action to determine
whether  such  indemnification  or advances  is  appropriate  in the  particular
circumstances because the Indemnitee has satisfied the Applicable Standard,  nor
a  determination  by the  Corporation  (including  the  members  of its Board of
Directors or  independent  legal  counsel) that the Indemnitee has not satisfied
such

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Applicable  Standard,  shall be a defense to such action or create a presumption
that the Indemnitee has not satisfied the Applicable Standard.  The Indemnitee's
Expenses incurred in connection with successfully establishing his right to such
indemnification  or advances,  in whole or in part, in any Proceeding shall also
be indemnified by the Corporation;  provided, however, that if the Indemnitee is
only partially successful,  only an equitably allocated portion of such Expenses
shall be indemnified by the Corporation.

     If the Indemnitee is entitled to  indemnification  by the  Corporation  for
some or a portion of the Expenses,  judgments,  fines, or penalties actually and
reasonably incurred by the Indemnitee in the investigation,  defense, appeal, or
settlement of any  Proceeding  but not,  however,  for the total amount of those
Expenses,  judgments,  fines or penalties  the  Corporation  shall  nevertheless
indemnify the Indemnitee for the portion  (determined on an equitable  basis) of
those  Expenses,  judgments,  fines,  or  penalties to which the  Indemnitee  is
entitled.

     The  Corporation's  obligations  to advance  or  indemnify  the  Indemnitee
pursuant to the  provisions of this Agreement  shall be deemed  satisfied to the
extent of any payments made by an insurer for or on behalf of the Corporation or
the Indemnitee.

     8.  Indemnification  Pursuant  to  this  Agreement  Is Not  Exclusive.  The
indemnification  contemplated  by the provisions of this Agreement  shall not be
deemed  exclusive  of any other rights to which the  Indemnitee  may be entitled
pursuant to the provisions of the Certificate of  Incorporation or Bylaws of the
Corporation,  or any agreement, vote of shareholders,  or disinterested officers
and directors, the General Corporation Law of the State of Nevada, or otherwise,
as to  action  in  his  official  capacities  as an  officer,  director  of  the
Corporation  and any other  capacity  while serving as an officer or director of
the  Corporation.  The  indemnification  contemplated  by the provisions of this
Agreement shall continue as to the Indemnitee  although he may have ceased to be
an Agent of the  Corporation  and shall  inure to the  benefit  of the heirs and
personal  representatives  of  the  Indemnitee,  including  the  Estate  of  the
Indemnitee.

     9.  Limitations.  The  Corporation  shall not be obligated  pursuant to the
provisions of this  Agreement to make any payment in  connection  with any claim
made against the Indemnitee:

     (a)  for which payment is made to the Indemnitee pursuant to the provisions
          of a valid and collectible  insurance  policy,  except with respect to
          any excess beyond the amount of payments pursuant to the provisions of
          such policy;

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     (b)  for which the Indemnitee is indemnified by the  Corporation  otherwise
          than pursuant to the provisions of this Agreement;

     (c)  based upon or  attributable  to the  Indemnitee  gaining any  personal
          profit or advantage to which he was not legally entitled;

     (d)  for an  accounting  of profits  made from the  purchase or sale by the
          Indemnitee  of  securities  of the  Corporation  within the meaning of
          Section 16(b) of the  Securities  Exchange Act of 1934 and  amendments
          thereto or similar  provisions  of any state  statutory  law or common
          law;

     (e)  resulting  from  or  contributed  to  by  the  active  and  deliberate
          dishonesty of the Indemnitee;  provided, however, the Indemnitee shall
          be indemnified by the Corporation to the extent otherwise specified by
          the  provisions  of  this  Agreement  as to any  claims  for  which  a
          litigation action may be commenced  against the Indemnitee  because of
          any alleged  dishonesty on his part,  unless a judgment or other final
          adjudication of such litigation action adverse to the Indemnitee shall
          establish that he committed  acts of active and deliberate  dishonesty
          with an actual dishonest purpose and intent,  which acts were material
          to the litigation action so adjudicated;

     (f)  for  omissions  or  acts  committed  in bad  faith  or  which  involve
          intentional misconduct or a knowing violation of law;

     (g)  for any  omission or act that the  Indemnitee  believed at the time of
          his action to be contrary to, or inconsistent with, the best interests
          of both the Corporation and its shareholders, or

     (h)  for any  transaction  from which the  Indemnitee  derived an  improper
          personal economic benefit in a capacity other than as a shareholder of
          the Corporation.

     10. Severability.  In the event any part of this Agreement, for any reason,
is determined to be invalid, such determination shall not affect the validity of
any remaining portion of this Agreement, which remaining portion shall remain in
complete  force  and  effect as if this  Agreement  had been  executed  with the
invalid  portion  of  this  Agreement  eliminated.  It is  hereby  declared  the
intention of the parties  that the parties  would have

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executed the  remaining  portion of this  Agreement  without  including any such
part, parts or portion which, for any reason,  hereafter may be determined to be
invalid.

     11. Notices. The Indemnitee shall, as a condition precedent to his right to
be  indemnified  pursuant to the  provisions of this  Agreement,  provide to the
Corporation  notice in writing within 20 calendar days after he becomes aware of
any claim made against him for which he believes,  or should reasonably believe,
indemnification  will or could be  sought  pursuant  to the  provisions  of this
Agreement.   All   notices,   requests,   demands,   and  other   communications
(collectively,  "notices")  contemplated  or required by the  provisions of this
Agreement shall be in writing (including communications by telephone,  telex, or
telecommunication   facilities  providing  facsimile  transmission)  and  mailed
(postage   prepaid  and  return  receipt   requested),   telegraphed,   telexed,
transmitted  or  personally  served to each party at the  address for such party
specified  below  such  party's  signature  to this  Agreement  or at such other
address as such party may  designate  in a written  notice to the other party in
compliance with the provisions of this paragraph. All notices shall be effective
when received;  provided, however, receipt shall be deemed to be effective (i) 2
business  days of any properly  addressed  notice  having been  deposited in the
mail,  (ii) 24 hours from the time  electronic  transmission  was made, or (iii)
upon actual receipt of electronic delivery, whichever occurs first.

     12. Parties in Interest. No provision of this Agreement is intended to, nor
shall any such provision  confer any right or remedies  pursuant to or by reason
of the  provisions  of this  Agreement to any persons  other than the parties to
this Agreement and their respective successors and assigns, including the Estate
of the Indemnitee, nor is any provision of in this Agreement intended to relieve
or discharge the obligation or liability of any third party to any party to this
Agreement.  No provision of this  Agreement  shall  provide any third person any
right of subrogation or action against any party to this Agreement.

     13.  Successors and Assigns.  This Agreement  shall inure to the benefit of
and  obligate  the  undersigned  parties  and their  respective  successors  and
assigns.  Whenever,  in this  Agreement,  a reference to any party is made, such
reference  shall be deemed to include a reference to the  successors and assigns
of such party; provided,  however,  neither this paragraph nor any other portion
of this Agreement shall be interpreted to constitute a consent to any assignment
or transfer other than pursuant to and in accordance  with the other  provisions
of this Agreement. Neither party shall assign, transfer or delegate that party's
rights, responsibilities, duties or obligation created by the provisions of this
Agreement to any other  person  without the prior  written  consent of the other
party.

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     14.  Captions  and  Interpretation.  Captions  of the  paragraphs  of  this
Agreement are for  convenience  and reference  only, and the words  specified in
those captions shall in no way be held to explain, modify, amplify or aid in the
interpretation,  construction or meaning of the terms, conditions and provisions
of this Agreement.  The language and all parts to this Agreement,  in all cases,
shall be construed  in  accordance  with the fair  meaning of that  language and
those  parts and as if that  language  and those  parts  were  prepared  by both
parties and not  strictly  for or against any party.  The rule of  construction,
which requires a court to resolve any  ambiguities  against the drafting  party,
shall not apply in interpreting the provisions of this Agreement.

     15.  Number  and  Gender.  Whenever  the  singular  number  is used in this
Agreement,  and when required by the context, the same shall include the plural,
and vice versa;  the masculine  gender shall include the feminine and the neuter
genders, and vice versa; and the word "person" shall include corporation,  firm,
trust,  estate,   joint  venture,   governmental  agency,  sole  proprietorship,
political subdivision,  organization, fraternal order, club, league, joint stock
company,  society,  municipality,  association,  partnership  or  other  form of
entity.

     16.  Execution  in  Counterparts.  This  Agreement  shall be  prepared  and
forwarded to the  Indemnitee for execution.  Counsel for the  Corporation  shall
cause  the  executed  Agreement  to be filed  in the  principal  office  of such
counsel.

     17. Entire  Agreement.  This Agreement is the final written  expression and
the  complete  and  exclusive  statement  of  all  the  agreements,  conditions,
promises,  representations,  warranties  and covenants  between the parties with
respect to the subject matter of this Agreement,  and this Agreement  supersedes
all  prior  or  contemporaneous   agreements,   negotiations,   representations,
warranties,  covenants,  understandings and discussions by and between and among
the  parties,  their  respective  representatives,  and any other  person,  with
respect to the subject matter specified in this Agreement. This Agreement may be
amended  only  by an  instrument  in  writing  which  expressly  refers  to this
Agreement and specifically states that that instrument is intended to amend this
Agreement and is signed by each of the parties. Nothing specified in any exhibit
attached to this Agreement  shall supersede or annul the terms and provisions of
this Agreement,  unless the matter  specified in such exhibit shall expressly so
provide  to the  contrary,  and in the  event of any  ambiguity  in  meaning  or
understanding  between  this  Agreement  proper and the appended  exhibits,  the
provisions  of this  Agreement  shall  prevail and control.  Each of the parties
represents,  warrants and covenants  that in executing this Agreement that party
has relied  solely on the terms,  conditions  and  provisions  specified in this
Agreement.  Each of

                                       11
<PAGE>

the parties  additionally  represents,  warrants and covenants that in executing
and delivering  this  Agreement such party has placed no reliance  whatsoever on
any statement, representation, warranty, covenant or promise of the other party,
or any other person,  not  specified  expressly in this  Agreement,  or upon the
failure of any party or any other person to make any statement,  representation,
warranty,  covenant or  disclosure  of any nature  whatsoever.  The parties have
included  this  paragraph  to  preclude  (i) any claim that any party was in any
manner whatsoever  induced  fraudulently to enter into, execute and deliver this
Agreement,  and (ii) the  introduction  of parol  evidence  to vary,  interpret,
supplement or contradict the terms, conditions and provisions of this Agreement.

     18. Governing Law. This Agreement shall be deemed to have been entered into
in  the  State  of  Nevada,   and  all   questions   concerning   the  validity,
interpretation, or performance of any of the terms, conditions and provisions of
this  Agreement or of any of the rights or  obligations  of the parties shall be
governed by, and resolved in accordance  with,  the laws of the State of Nevada,
without regard to conflicts of law principles.

     19. Government Regulations.  The transactions and relationship contemplated
by the provisions of this  Agreement  are, and shall remain,  subject to any and
all present and future orders,  rules and  regulations  of any duly  constituted
authority  or  agency  having   jurisdiction  of  those  transactions  and  that
relationship.

     20.  Further  Assurances.  The  parties  shall  from  time to time sign and
deliver any further instruments and take any further actions as may be necessary
to effectuate the intent and purposes of this Agreement.

     21. All  Consents in Writing.  In any  instance in which any party shall be
requested  to consent to or  approve  of any matter  with  respect to which that
party's  consent  or  approval  is  required  by any of the  provisions  of this
Agreement, such consent or approval shall be furnished in writing.

     22.  Attorneys'  Fees. In the event any party shall institute any action or
proceeding  to enforce any  provision of this  Agreement to seek relief from any
violation  of this  Agreement,  or to  otherwise  obtain any  judgment  or order
relating  to or  resulting  from  the  subject  matter  of this  Agreement,  the
prevailing  party  shall be  entitled  to  receive  from the  losing  party such
prevailing  party's  actual  attorneys'  fees and costs incurred to prosecute or
defend  such  action  or  proceeding,  including,  but not  limited  to,  actual
attorneys' fees and costs incurred  preparatory to such prosecution and defense.
Moreover,  while a court of  competent  jurisdiction  may assist in  determining
whether or not the fees actually

                                       12
<PAGE>

incurred are reasonable in the circumstances then existing, that court is not be
governed by any judicially or legislatively  established fee schedule,  and such
fees and costs are to include  those as may be  incurred  on appeal of any issue
and all of which fees and costs shall be included  as part of any  judgment,  by
cost bill or otherwise, and where applicable, any appellate decision rendered in
or resulting from such action or proceeding.  For purposes of this Agreement, in
any action or proceeding  instituted by a party,  the prevailing  party shall be
that party in any such  action or  proceeding  (i) in whose  favor a judgment is
entered,  or (ii) prior to trial,  hearing or judgment any other party shall pay
all or any  portion of amounts  claimed by the party  seeking  payment,  or such
other party shall eliminate the condition,  cease the act, or otherwise cure the
act of commission  or omission  claimed by the party  initiating  such action or
proceeding.

     23.  Reservation  of Rights.  The failure of any party at any time or times
hereafter  to  require  strict  performance  by any  other  party  of any of the
warranties,   representations,   covenants,  terms,  conditions  and  provisions
specified  in this  Agreement  shall not waive,  affect or diminish any right of
such party failing to require strict performance to demand strict compliance and
performance  therewith  and with  respect to any other  provisions,  warranties,
terms,  and conditions  specified in this  Agreement.  Any waiver of any default
shall  not  waive or  affect  any other  default,  whether  prior or  subsequent
thereto,   and  whether  the  same  or  of  a  different   type.   None  of  the
representations,   warranties,   covenants,  conditions,  provisions  and  terms
specified  in this  Agreement  shall be deemed to have been waived by any act or
knowledge of any party,  its agents,  trustees,  officers,  or employees and any
such  waiver  shall be made  only by an  instrument  in  writing,  signed by the
waiving party and directed to any non-waiving party specifying such waiver,  and
each  party  reserves  such  party's  rights to insist  upon  strict  compliance
herewith at all times.

     24. Purpose of Covenants.  All covenants made by each party shall be deemed
made for the purpose of inducing  the other party to enter into and execute this
Agreement.  The  representations,  warranties,  and covenants  specified in this
Agreement  shall survive any  investigation  by either party  whether  before or
after the execution of this Agreement.

     25.  Concurrent  Remedies.  No right or remedy  specified in this Agreement
conferred  on or  reserved  to the  parties is  exclusive  of any other right or
remedy  specified in this  Agreement or by law or equity  provided or permitted;
but each such right and remedy shall be cumulative of, and in addition to, every
other right and remedy specified in this Agreement or now or hereafter  existing
at law or in equity or by statute or otherwise, and may be enforced concurrently
therewith or from time to time. The termination of this Agreement for any reason
whatsoever  shall not  prejudice  any right or

                                       13
<PAGE>

remedy  which any party may have,  either at law, in equity,  or pursuant to the
provisions of this Agreement.

     26.  Force  Majeure.  If  any  party  is  rendered  unable,  completely  or
partially,  by the  occurrence  of an  event  of  "force  majeure"  (hereinafter
defined) to perform such party's  obligations  created by the provisions of this
Agreement, such party shall give to the other party prompt written notice of the
event of "force majeure" with reasonably  complete  particulars  concerning such
event;  thereupon,  the  obligations of the party giving such notice,  so far as
those  obligations  are  affected  by the  event of  "force  majeure,"  shall be
suspended  during,  but no longer than,  the  continuance of the event of "force
majeure."  The party  affected  by such event of "force  majeure"  shall use all
reasonable  diligence to resolve,  eliminate  and  terminate the event of "force
majeure" as quickly as practicable. The term "force majeure," as contemplated by
the  provisions of this  Paragraph 27 means any act of God,  strike,  lockout or
other  industrial  disturbance,  act of the public enemy,  war blockage,  public
riot, lightening, fire, storm, flood explosion, governmental action, earthquake,
governmental delay, restraint or inaction,  unavailability or equipment, and any
other cause or event,  whether of the kind enumerated  specifically  herein,  or
otherwise,  which  is  not  within  the  control  of  the  party  claiming  such
suspension.

     27. Consent to Agreement.  By executing  this  Agreement,  each party,  for
itself,  represents  such party has read or caused to be read this  Agreement in
all   particulars,   and  consents  to  the  rights,   conditions,   duties  and
responsibilities  imposed upon such party as specified in this  Agreement.  Each
party  represents,  warrants and covenants that such party executes and delivers
this Agreement of its own free will and with no threat, undue influence, menace,
coercion  or  duress,  whether  economic  or  physical.   Moreover,  each  party
represents,  warrants,  and covenants  that such party  executes this  Agreement
acting on such  party's  own  independent  judgment  and upon the advice of such
party's counsel.

                                       14
<PAGE>

     IN  WITNESS   WHEREOF  the  parties  have  executed   this   Agreement  for
Indemnification on the date specified in the preamble of this Agreement.

TMEX USA, Inc.,
a Nevada corporation

By: /s/ Cooper Lee                                     /s/ Cecil Zeringue
   --------------------------                          -------------------------
     Cooper Lee                                        Cecil Zeringue
Its: President

                                       15STOCK OPTION PLAN

Article

I.        Purposes of the Plan
II.       Amount of Stock Subject to Plan
III.      Effective Date and Term of the Plan
IV.       Administration
V.        Eligibility
VI.       Limitation on Exercise of Incentive Options
VII.      Options: Price and Payment
VIII.     Use of Proceeds
IX.       Term of Options and Limitations on the Right of Exercise
X.        Exercise of Options
XI.       Nontransferability of Options and Stock Appreciation Rights
XII.      Termination of Directors, Employees and Independent Contractors
XIII.     Adjustment of Shares; Effect of Certain Transactions
XIV.      Right to Terminate Employees and Independent Contractors
XV.       Purchase for Investment
XVI.      Issuance of Certificates; Legends; Payment of Expenses
XVII.     Withholding Taxes
XVIII.    Listing of Shares and Related Matters
XIX.      Amendment of the Plan
XX.       Termination or Suspension of the Plan
XXI.      Governing Law
XXII.     Partial Invalidity

                                       1
<PAGE>

                      TMEX USA INC. 2000 STOCK OPTION PLAN

                             I. PURPOSES OF THE PLAN

     1.01 TMEX USA, Inc., a Nevada corporation  ("Company"),  desires to provide
to certain of its  directors,  employees  and  independent  contractors  and the
directors,  employees and independent  contractors of any subsidiary corporation
or parent  corporation  of the Company  who are  responsible  for the  continued
growth of the Company an  opportunity  to acquire a proprietary  interest in the
Company, and, therefore, to create in such directors,  employees and independent
contractors  an increased  interest in and a greater  concern for the welfare of
the Company.

     The Company,  by means of this TMEX USA,  Inc.  2000 Stock Option Plan (the
"Plan"),  seeks to retain  the  services  of  persons  now  serving  in  certain
capacities  and to secure the services of persons  capable of serving in similar
capacities.

     1.02 The  stock  options  ("Options")  offered  pursuant  to the Plan are a
matter  of  separate  inducement  and are not in lieu  of any  salary  or  other
compensation  for  the  services  of  any  director,   employee  or  independent
contractor.

     1.02 The Options  granted  pursuant  to the Plan are  intended to be either
incentive stock options ("Incentive Options") within the meaning of Section 422A
of the Internal  Revenue Code of 1986, as amended (the "Code"),  or options that
do not satisfy the requirements for Incentive Options ("Non-Qualified Options"),
but the Company  makes no warranty as to the  qualification  of any Option as an
Incentive Option.

                     II. AMOUNT OF STOCK SUBJECT TO THE PLAN

     2.01 The total number of shares of common stock of the Company which either
may be purchased  pursuant to the exercise of Options  shall not exceed,  in the
aggregate, five million (5,000,000) shares of the authorized common stock, $.001
par value per share, of the Company (the "Shares").

     2.02  Shares  which  may be  acquired  pursuant  to the Plan may be  either
authorized  but unissued  Shares,  Shares of issued stock held in the  Company's
treasury,  or both, at the discretion of the Company.  If and to the extent that
Options expire or terminate  without having been  exercised,  new Options may be
granted with respect to Shares  subject to such expired or  terminated  Options;
provided, however, that the grant and the terms of such new Options shall in all
respects comply with the provisions of the Plan.

                                       2
<PAGE>

                    III. EFFECTIVE DATE AND TERM OF THE PLAN

     3.01 The Plan is shall become effective on the date (the "Effective  Date")
on which it is adopted by the Board of  Directors  of the Company (the "Board of
Directors");  provided,  however,  that if the Plan is not approved by a vote of
the  shareholders  of the Company  within twelve (12) months before or after the
Effective  Date,  the  Plan  and any  Options  granted  pursuant  thereto  shall
terminate.

     3.02 The Company may, from time to time during the period  beginning on the
Effective Date and ending on April 12, 2010 ("Termination  Date"), grant Options
to persons  eligible to  participate  in the Plan,  pursuant to the terms of the
Plan. Options granted prior to the Termination Date may extend beyond that date,
in accordance with the terms thereof.

     3.03 As used in the Plan, the terms  "subsidiary  corporation"  and "parent
corporation"  shall have the meanings ascribed to such terms,  respectively,  in
Sections 425(f) and 425(e) of the Code.

     3.04 A director,  employee or  independent  contractor  to whom Options are
granted may be referred to herein as a "Participant."

                               IV. ADMINISTRATION

     4.01 The  Board of  Directors  shall  designate  an option  committee  (the
"Committee")  which shall consist of no fewer than three (3) directors,  each of
whom shall be a "disinterested  person" within the meaning of Rule 16b-3 (or any
successor rule or regulation)  promulgated under the Securities  Exchange Act of
1934, as amended (the "Exchange Act"), to administer the Plan. A majority of the
members of the Committee shall constitute a quorum, and the act of a majority of
the members of the Committee  shall be the act of the  Committee.  Any member of
the  Committee  may be  removed  at any time  either  with or  without  cause by
resolution  adopted by the Board of Directors,  and any vacancy on the Committee
may at any time be filled by resolution adopted by the Board of Directors.

     4.02 Any or all powers and  functions of the  Committee may at any time and
from time to time be exercised  by the Board of  Directors;  provided,  however,
that, with respect to the  participation  in the Plan by members of the Board of
Directors,  such powers and  functions of the  Committee may be exercised by the
Board of  Directors  only if, at the time of such  exercise,  a majority  of the
members of the Board of  Directors,  as the case may be,  and a majority  of the
directors acting in the particular matter,  are  "disinterested  persons" within
the  meaning of Rule 16b-3 (or any  successor  rule or

                                       3
<PAGE>

regulation)  promulgated pursuant to the Exchange Act. Any reference in the Plan
to the Committee shall be deemed also to refer to the Board of Directors, to the
extent that the Board of Directors is exercising any of the powers and functions
of the Committee.

     4.03 Subject to the express  provisions of the Plan,  the  Committee  shall
have the authority, in its discretion,

     (i)  to determine the directors,  employees and independent  contractors to
          whom Options  shall be granted,  the time when such  Options  shall be
          granted,  the number of Shares  which shall be subject to each Option;
          the  purchase  price or  exercise  price of each Share  which shall be
          subject to each Option,  the period(s) during which such Options shall
          be exercisable  (whether in whole or in part), and the other terms and
          provisions of the respective Options (which need not be identical);

     (ii) to construe the Plan and Options granted pursuant thereto;

    (iii) to prescribe,  amend and rescind rules and regulations relating to the
          Plan; and

     (iv) to  make  all  other   determinations   necessary  or  advisable   for
          administering the Plan.

     4.04 Without  limiting the generality of the foregoing,  the Committee also
shall have the authority to require,  in its  discretion,  as a condition of the
granting of any Option,  that the Participant agree (i) not to sell or otherwise
dispose of Shares  acquired  pursuant  to the Option for a period of twelve (12)
months  following  the date of  acquisition  of such Shares and (ii) that in the
event  of  termination  of  directorship,  employment,  term of any  independent
contractor  relationship  or agreement,  or term of any consulting  relationship
agreement  of such  Participant,  other  than as a result of  dismissal  without
cause,  such  Participant will not, for a period to be determined at the time of
the grant of the Option,  enter into any employment or  participate  directly or
indirectly in any business or enterprise  which is competitive with the business
of the  Company  or any  subsidiary  corporation  or parent  corporation  of the
Company,  or enter into any employment or participate  directly or indirectly in
any business or  enterprise  in which such person will be called upon to utilize
special  knowledge  obtained  through  directorship,  employment,  term  of  any
independent  contractor  relationship  or agreement,  or term of any  consulting
relationship  agreement with the Company or any subsidiary corporation or parent
corporation thereof.

     The  determination  of the Committee on matters referred to in this Article
IV shall

                                       4
<PAGE>

be conclusive.

     4.05 The Committee may employ such legal counsel, consultants and agents as
it may deem desirable for the  administration  of the Plan and may rely upon any
opinion  received  from any  such  counsel  or  consultant  and any  computation
received from any such consultant or agent.  Expenses  incurred by the Committee
in the  engagement  of such  counsel,  consultant  or agent shall be paid by the
Company.  No  member  or  former  member  of the  Committee  or of the  Board of
Directors  shall be liable  for any action or  determination  made in good faith
with respect to the Plan or any Option.

                                 V. ELIGIBILITY

     5.01 Non-Qualified Options may be granted only to directors,  employees and
independent  contractors  of the Company,  or of any  subsidiary  corporation or
parent  corporation of the Company now existing or hereafter formed or acquired,
except as  hereinafter  provided.  Any person who shall have retired from active
employment  by the  Company,  including  such  person  having  entered  into  an
independent  contractor  agreement  with the  Company  shall also be eligible to
receive an Option.

                 VI. LIMITATION ON EXERCISE OF INCENTIVE OPTIONS

     6.01 Except as otherwise  provided pursuant to the Code, to the extent that
the  aggregate  fair  market  value of Shares  with  respect to which  Incentive
Options  are  exercisable  for the  first  time by an  employee  or  independent
contractor  during any calendar year (pursuant to all stock options plans of the
Company and any parent  corporation  or subsidiary  corporation  of the Company)
exceeds One Hundred Thousand Dollars  ($100,000),  such Options shall be treated
as Non-Qualified  Options. For purposes of this limitation,  (i) the fair market
value of Shares is determined as of the time the Option is granted, and (ii) the
limitation  will be applied by taking into account Options in the order in which
they were granted.

                         VII. OPTIONS: PRICE AND PAYMENT

     7.01 The purchase price for each Share  purchasable under any Non-Qualified
Option granted  pursuant to the Plan shall be such amount as the Committee shall
deem appropriate.

     7.02  The  purchase  price  for  each  Share  purchasable  pursuant  to any
Incentive  Option  shall be such  amount  as the  Committee  shall,  in its best
judgment,  determine to be not less than one hundred  percent (100%) of the fair
market  value per Share on the date the option is  granted;  provided,  however,
that in the case of an Incentive  Option

                                       5
<PAGE>

granted to a Participant who, at the time such Incentive option is granted, owns
stock of the Company or any subsidiary  corporation or parent corporation of the
Company  possessing  more than ten percent  (10%) of the total  combined  voting
power of all classes of stock of the Company or of any subsidiary corporation or
parent  corporation  of the Company,  the purchase price for each Share shall be
such amount as the Committee  shall,  in its best judgment,  determine to be not
less than one hundred ten percent  (110%) of the fair market  value per Share at
the date such Option is granted.

     7.03 If the  Shares are listed on a  national  securities  exchange  in the
United  States  on any date on which  the fair  market  value per Share is to be
determined, the fair market value per Share shall be deemed to be the average of
the high and low  quotations  at which  such  Shares  are sold on such  national
securities  exchange  on such  date.  If the  Shares  are  listed on a  national
securities  exchange in the United States of America on such date but the Shares
are not traded on such date,  or such national  securities  exchange is not open
for business on such date,  the fair market value per Share shall be  determined
as of the closest preceding date on which such exchange shall have been open for
business and the Shares were  traded.  If the Shares are listed on more than one
national  securities  exchange  in the United  States of America on the date any
such Option is granted,  the Committee shall determine which national securities
exchange shall be used for the purpose of determining  the fair market value per
Share.

     7.04 If a public market exists for the Shares on any date on which the fair
market value per Share is to be  determined,  but the Shares are not listed on a
national  securities  exchange in the United States of America,  the fair market
value per Share shall be deemed to be the mean between the closing bid and asked
quotations in the over-the-counter  market for the Shares on such date. If there
are no bid and asked  quotations  for the Shares on such date,  the fair  market
value per Share shall be deemed to be the mean between the closing bid and asked
quotations  in the  over-the-counter  market for the Shares on the closest  date
preceding such date for which such quotations are available.

     7.05 If no public  market  exists  for the  Shares on any date on which the
fair market value per Share is to be  determined,  the Committee  shall,  in its
sole discretion and best judgment, determine the fair market value of a Share.

     For purposes of the Plan,  the  determination  by the Committee of the fair
market value of a Share shall be conclusive.

     7.06 Upon the exercise of an Option,  the Company shall cause the purchased
Shares  to be issued  only when it shall  have  received  the full and  complete
purchase price for the Shares in cash or by certified check; provided,  however,
that in lieu of cash or

                                       6
<PAGE>

certified  check,  the  Participant  may,  if and to the extent the terms of the
option so provide and to the extent  permitted by  applicable  law,  exercise an
option in whole or in part, by delivering to the Company  shares of common stock
of the Company (in proper form for transfer  and  accompanied  by all  requisite
stock  transfer tax stamps or cash in lieu  thereof)  owned by such  Participant
having a fair market value equal to the purchase price of the Shares as to which
the Option is being  exercised.  The fair market value of the stock so delivered
shall be determined as of the date  immediately  preceding the date on which the
Option is exercised, or as may be required in order to comply with or to conform
to the requirements of any applicable laws or regulations.

                              VIII. USE OF PROCEEDS

     8.01 The cash  proceeds of the sale of Shares  subject to Options are to be
added to the general  funds of the  Company  and used for its general  corporate
purposes as the Board of Directors shall determine.

                       IX. TERM OF OPTIONS AND LIMITATIONS
                            ON THE RIGHT OF EXERCISE

     9.01 Any Option  shall be  exercisable  at such times,  in such amounts and
during such period or periods as the  Committee  shall  determine at the date of
the grant of such Option; provided,  however, that an Incentive option shall not
be exercisable  after the expiration of five (5) years from the date such Option
is granted; and provided,  further,  that, in the event that an Incentive Option
granted to a Participant who, at the time such Option is granted,  owns stock of
the Company or any subsidiary  corporation or parent  corporation of the Company
possessing more than ten percent (10%) of the total combined voting power of all
classes  of stock of the  Company  or of any  subsidiary  corporation  or parent
corporation  of the  Company,  such Option  shall not be  exercisable  after the
expiration of three (3) years from the date such option is granted.

     9.02 Subject to the  provisions  of Article XX of the Plan,  the  Committee
shall  have the  right to  accelerate,  in whole or in part,  from time to time,
conditionally or unconditionally, rights to exercise any option.

     9.03 To the  extent  that an Option is not  exercised  within the period of
exerciseability  specified  therein,  it shall expire as to the then unexercised
part.

     In no event shall an option granted pursuant to the Plan be exercisable for
a fraction of a Share.

                                       7
<PAGE>

                             X. EXERCISE OF OPTIONS

     10.01 Any Option shall be exercised by the Participant  holding such option
as to all or part of the Shares  contemplated  by such Option by giving  written
notice  of such  exercise  to the  Secretary  of the  Company  at the  principal
business office of the Company,  specifying the number of Shares to be purchased
and specifying a business day not more than fifteen (15) days from the date such
notice is given,  for the payment of the purchase price against  delivery of the
Shares being  purchased.  Subject to the terms of Articles XV, XVII and XVIII of
the Plan, the Company shall cause certificates for the Shares so purchased to be
delivered to the Participant at the principal business office of the Company, in
exchange  for  payment  of the full and  complete  purchase  price,  on the date
specified in the notice of exercise.

                        XI. NONTRANSFERABILITY OF OPTIONS
                          AND STOCK APPRECIATION RIGHTS

     11.01 No Option  shall be  transferable,  whether  by  operation  of law or
otherwise,  other than by will or the laws of descent and distribution,  and any
Option shall be  exercisable,  during the lifetime of the  Participant,  only by
such Participant.

                    XII. TERMINATION OF DIRECTORS, EMPLOYEES
                           AND INDEPENDENT CONTRACTORS

     12.01  Upon  termination  of  the  directorship,  employment,  term  of any
independent  contractor  relationship  or agreement,  or term of any  consulting
relationship  agreement of any  Participant  with the Company and all subsidiary
corporations  and parent  corporations of the Company,  unless  specified to the
contrary in the respective  Stock Option Agreement to which the Company and such
Participant are parties and which relates to such Option,  any Option previously
granted to such  Participant,  shall, to the extent not  theretofore  exercised,
terminate and become null and void, provided that:

     (a)  if such  Participant  shall die while serving as a director,  while in
          the employ of such  corporation,  during  the term of any  independent
          contractor  relationship  or  agreement,  or  during  the  term of any
          consulting relationship agreement or during either the three (3) month
          or one (1) year period,  whichever is applicable,  specified in clause
          (b) below and at a time when such Participant was entitled to exercise
          an Option as provided in the Plan,  the legal  representative  of such
          Participant,  or such  person who  acquired  such Option by bequest or
          inheritance  or by reason of the death of such  Participant,  may, not
          later than one (1) year from the date of

                                       8
<PAGE>

          death, exercise such Option, to the extent not theretofore  exercised,
          in respect of any or all of such number of Shares as  specified by the
          Committee in such Option; and

     (b)  if the directorship,  employment,  term of any independent  contractor
          relationship  or  agreement,  or term of any  consulting  relationship
          agreement any  Participant to whom such Option shall have been granted
          shall terminate by reason of the Participant's retirement (at such age
          or upon  such  conditions  as shall be  specified  by the  Committee),
          disability (as described in Section 22(e)(3) of the Code) or dismissal
          by the Company or any subsidiary  corporation or parent corporation of
          the Company now  existing or hereafter  formed or acquired  other than
          for cause (as defined below),  and while such  Participant is entitled
          to exercise such Option as herein  provided,  such  Participant  shall
          have the right to exercise such Option,  to the extent not theretofore
          exercised,  in  respect  of any or all of such  number  of  Shares  as
          specified  by the  Committee  in such  Option,  at any  time up to and
          including (i) three (3) months after the date of such  termination  of
          directorship,   employment,   term  of  any   independent   contractor
          relationship  or  agreement,  or term of any  consulting  relationship
          agreement  in the case of  termination  by  reason  of  retirement  or
          dismissal other than for cause and (ii) one (1) year after the date of
          termination  of  directorship,  employment,  term  of any  independent
          contractor  relationship  or  agreement,  or  term  of any  consulting
          relationship  agreement  in the  case  of  termination  by  reason  of
          disability.

     In no event,  however,  shall any person be entitled to exercise any Option
after  the  expiration  of the  period  of  exerciseability  of such  Option  as
specified therein.

     12.02 If a Participant voluntarily terminates his directorship, employment,
term of any independent  contractor  relationship  or agreement,  or term of any
consulting  relationship agreement, or is discharged for cause, unless specified
to the contrary in the  respective  Stock Option  Agreement to which the Company
and such participant are parties,  and which relates to such Option,  any Option
shall forthwith terminate with respect to any unexercised portion thereof.

     12.03 If an Option  shall be  exercised  by the legal  representative  of a
deceased  Participant,  or by a person  who  acquired  an Option by  bequest  or
inheritance or by reason of the death of any Participant, written notice of such
exercise  shall be accompanied  by a certified  copy of letter  testamentary  or
equivalent  proof of the right of such legal  representative  or other person to
exercise such Option.

                                       9
<PAGE>

     12.04 For the  purposes of the Plan,  the term "for  cause"  shall mean (i)
with  respect to an employee  who is a party to a written  agreement  with,  or,
alternatively,  participates in a compensation or benefit plan of the Company or
a subsidiary  corporation or parent corporation of the Company,  which agreement
or plan  contains a  definition  of "for  cause" or "cause" (or words of similar
import) for  purposes  of  termination  of  employment  pursuant  thereto by the
Company or such  subsidiary  corporation  or parent  corporation of the Company,
"for  cause" or  "cause" as defined  in the most  recent of such  agreements  or
plans, or (ii) a party to any independent  contractor  relationship or agreement
or any consulting  relationship or agreement,  whether oral or written, or (iii)
in all  other  cases,  as  determined  by the  Board of  Directors,  in its sole
discretion,  (a) the willful commission by an employee or independent contractor
of a  criminal  or other act that  causes or  probably  will  cause  substantial
economic damage to the Company or a subsidiary corporation or parent corporation
of the Company or substantial injury or damage to the business reputation of the
Company or a subsidiary  corporation or parent  corporation of the Company;  (b)
the  commission by an employee or  independent  contractor of an act of fraud in
the  performance  of such  employee's  duties  on  behalf  of the  Company  or a
subsidiary  corporation or parent corporation of the Company; (c) the continuing
willful  failure of an employee or independent  contractor to perform the duties
of such  employee  or  independent  contractor  to the  Company or a  subsidiary
corporation  or parent  corporation  of the  Company  (other  than such  failure
resulting  from the  employee's or  independent  contractor's  incapacity due to
physical  or mental  illness)  after  written  notice  thereof  (specifying  the
particulars  thereof in reasonable  detail) and a reasonable  opportunity  to be
heard and cure such failure are given to the employee or independent  contractor
by the Board of Directors; or (d) the order of a court of competent jurisdiction
requiring  the  termination  of  the  employee's  employment,  or  term  of  any
independent  contractor  relationship  or agreement,  or term of any  consulting
relationship agreement.  For purposes of the Plan, no act, or failure to act, on
the employee's or independent  contractor's  part shall be considered  "willful"
unless done or omitted to be done by the employee or independent  contractor not
in good faith and without  reasonable  belief that the employee's or independent
contractor's  action or  omission  was in the best  interest of the Company or a
subsidiary corporation or parent corporation of the Company.

     12.05 For the purposes of the Plan,  an  employment  relationship  shall be
deemed  to exist  between  a person  and a  corporation  if,  at the time of the
determination, the individual was an "employee" of such corporation for purposes
of Section 422A(a) of the Code. If a person is on maternity,  military,  or sick
leave or other bona fide leave of absence,  such person shall be  considered  an
"employee"  for  purposes  of the  exercise  of an Option  shall be  entitled to
exercise  such  Option  during  such  leave if the period of such leave does not
exceed  ninety  (90) days,  or, if  longer,  so long as such  person's  right to
reemployment  with his employer is guaranteed  either by statute or by contract.
If the

                                       10
<PAGE>

period of leave exceeds ninety (90) days, the employment  relationship  shall be
deemed to have  terminated on the  ninety-first  (91) day of such leave,  unless
such person's right to reemployment is guaranteed by statute or contract.

     12.06 An employee or independent  contractor shall not be deemed terminated
by reason of (i) the transfer of a Participant  from the Company to a subsidiary
corporation  or a parent  corporation  of the Company or (ii) the  transfer of a
Participant from a subsidiary corporation or a parent corporation of the Company
by the Company or by another subsidiary corporation or parent corporation of the
Company.

           XIII. ADJUSTMENT OF SHARES; EFFECT OF CERTAIN TRANSACTIONS

     13.01 In the event of any change in the  outstanding  Shares as a result of
merger, consolidation,  reorganization,  recapitalization, stock dividend, stock
split,  split-up,  split-off,  spin-off,  combination or exchange of shares,  or
other similar change in capital structure of the Company, an adjustment shall be
made to each  outstanding  Option such that each such Option shall thereafter be
exercisable  for such  securities,  cash or other  property  as would  have been
received  in respect of the Shares  subject to such  Option had such Option been
exercised in full immediately prior to such change, and such an adjustment shall
be made  successively  each time any such change shall occur.  The term "Shares"
after any such change  shall  refer to the  securities,  cash or  property  then
receivable  upon  exercise of an Option.  In addition,  in the event of any such
change, the Committee shall make any additional adjustment as may be appropriate
to the  maximum  number of Shares  subject to the Plan,  the  maximum  number of
Shares,  if any,  for  which  Options  may be  granted  to any one  employee  or
independent contractor,  and the number of Shares and price per Share subject to
outstanding  Options as shall be appropriate to prevent  dilution or enlargement
of rights under such Options, and the determination of the Committee as to these
matters  shall be  conclusive.  Notwithstanding  the  foregoing,  (i) each  such
adjustment  with respect to an  Incentive  Option shall comply with the rules of
Section  425(a) of the Code,  and (ii) in no event shall any  adjustment be made
which would render any Incentive  Option other than an "incentive  stock option"
for purposes of Section 422A of the Code.

     13.02 For purposes of the Plan, a "change in control" of the Company occurs
if:  (a) any  "person"  (defined  as such  term is used in  Sections  13(d)  and
14(d)(2) of the  Exchange  Act, as amended)  other than the current  owner is or
becomes the  beneficial  owner,  directly or  indirectly,  of  securities of the
Company  representing  ten percent (10%) or more of the combined voting power of
the Company's  outstanding  securities then entitled to vote for the election of
directors; or (b) during any period of two consecutive years, persons who at the
beginning of such period  constitute the Board of Directors cease for any reason
to constitute at least a majority  thereof;  or (c) the Board

                                       11
<PAGE>

of Directors shall approve the sale of all or substantially all of the assets of
the Company or any merger, consolidation,  issuance of securities or purchase of
assets,  the result of which would be the  occurrence of any event  described in
clause (a) or (b) above.

     13.03 In the event of a change in control of the Company  (defined  above),
the Committee,  in its discretion,  may determine that, upon the occurrence of a
transaction  described  in the  preceding  paragraph,  each  Option  outstanding
pursuant to the Plan shall  terminate  within a  specified  number of days after
notice to the holder, and such holder shall receive,  with respect to each Share
subject to such Option, an amount of cash equal to the excess of the fair market
value of such Share  immediately  prior to the  occurrence  of such  transaction
increases the exercise price per Share of such Option. The provisions  specified
in the preceding  sentence shall be inapplicable to an Option granted within six
(6) months before the occurrence of a transaction  described above if the holder
of such Option is a director or officer of the Company or a beneficial  owner of
the Company who is described in Section 16(a) of the Exchange  Act,  unless such
holder dies or becomes  disabled  (within the meaning of Section 22(e)(3) of the
Code) prior to the expiration of such six-month period.

     Alternatively,  the Committee may determine,  in its  discretion,  that all
then outstanding  Options shall immediately  become exercisable upon a change of
control of the Company.

                        XIV. RIGHT TO TERMINATE EMPLOYEES
                           AND INDEPENDENT CONTRACTORS

     14.01 The Plan  shall not impose any  obligation  on the  Company or on any
subsidiary  corporation or parent corporation  thereof to continue the retention
of any  Participant;  and it shall not impose any  obligation on the part of any
Participant  to  remain  in the  employ  of  the  Company  or of any  subsidiary
corporation or parent corporation thereof.

                           XV. PURCHASE FOR INVESTMENT

     15.01 Except as provided  otherwise in the Plan, a Participant  shall, upon
any  exercise  of an  Option,  execute  and  deliver  to the  Company  a written
statement,  in form  satisfactory  to the  Company,  in which  such  Participant
represents  and warrants  that such  Participant  is purchasing or acquiring the
Shares  acquired  pursuant  thereto  for such  Participant's  own  account,  for
investment only and not with an intention of the resale or distribution thereof,
and agrees that any subsequent  offer for sale or sale or distribution of any of
such Shares shall be made only pursuant to either (a) a  Registration  Statement
on an  appropriate  form pursuant to the Securities Act of 1933, as amended (the

                                       12
<PAGE>

"Securities  Act"),  which  Registration  Statement has become  effective and is
current  with  regard to the Shares  being  offered  or sold,  or (b) a specific
exemption  from the  registration  requirements  of the  Securities  Act, but in
claiming such exemption the holder shall, if so requested by the Company,  prior
to any offer for sale or sale of such Shares,  obtain a prior favorable  written
opinion, in form and substance  satisfactory to the Company, from counsel for or
approved by the Company, as to the applicability of such exemption thereto.  The
foregoing restriction shall not apply to (i) issuances by the Company so long as
the Shares  being issued are  registered  pursuant to the  Securities  Act and a
prospectus  in  respect  thereof is  current  or (ii)  reofferings  of Shares by
affiliates  of the  Company  (as  defined in Rule 405 or any  successor  rule or
regulation  promulgated  pursuant  to the  Securities  Act) if the Shares  being
reoffered  are  registered  pursuant to the  Securities  Act and a prospectus in
respect thereof is current.

           XVI. ISSUANCE OF CERTIFICATES; LEGENDS; PAYMENT OF EXPENSES

     16.01 Upon any exercise of an Option and, in the case of an Option, payment
of the purchase price, a certificate or certificates  for the Shares as to which
such Option has been exercised shall be issued by the Company in the name of the
person  exercising  such Option and shall be  delivered  to or upon the order of
such person or persons.

     16.02 The Company may endorse such legend or legends upon the  certificates
for Shares  issued upon exercise of an Option  granted  pursuant to the Plan and
may issue such "stop transfer"  instructions to its transfer agent in respect of
such Shares as, in its discretion,  it determines to be necessary or appropriate
to (i) prevent a violation of, or to perfect an exemption from, the registration
requirements  of the  Securities  Act, (ii) implement the provisions of the Plan
and any  agreement  between the Company and the  optionee  with  respect to such
Shares,   or  (iii)  permit  the  Company  to  determine  the  occurrence  of  a
disqualifying disposition,  within the meaning of Section 421(b) of the Code, of
Shares transferred upon exercise of an Incentive Option.

     16.03 The Company shall pay all issue or transfer taxes with respect to the
issuance or transfer of Shares, as well as all fees and expenses incurred by the
Company in connection with such issuance or transfer.

     All  Shares  issued  as  provided  in the  Plan  shall  be  fully  paid and
non-assessable to the extent permitted by law.

                             XVII. WITHHOLDING TAXES

     17.01 The  Company  may  require  an  employee  or  independent  contractor
exercising a Non-Qualified  Option granted  pursuant to the Plan or disposing of
Shares

                                       13
<PAGE>

acquired  pursuant to the  exercise of an  Incentive  Option in a  disqualifying
disposition (within the meaning of Section 421(b) of the Code), to reimburse the
corporation  that employs such employee for any taxes required by any government
to be withheld or otherwise  deducted and paid by such corporation in respect of
the  issuance or  disposition  of such  Shares.  In lieu  thereof,  the employer
corporation  shall have the right to withhold  the amount of such taxes from any
other  amounts  due or to become due from such  corporation  to the  employee or
independent  contractor  upon such terms and  conditions as the Committee  shall
prescribe.  The  employer  corporation  may, in its  discretion,  hold the stock
certificate  to which such employee or  independent  contractor is entitled upon
the  exercise of an Option as security for the payment of such  withholding  tax
liability, until cash sufficient to pay that liability has been accumulated.

                  XVIII. LISTING OF SHARES AND RELATED MATTERS

     18.01  If at any  time  the  Board  of  Directors  shall  determine  in its
discretion that the listing, registration or qualification of the Shares subject
to the Plan upon any  national  securities  exchange or pursuant to any state or
federal law, or the consent or approval of any governmental  regulatory  agency,
is necessary or desirable as a condition of, or in connection  with, the sale or
purchase of Shares  pursuant to the Plan,  no Shares shall be issued  unless and
until such listing, registration,  qualification, consent or approval shall have
been effected or obtained, or otherwise provided for, free of any conditions not
acceptable to the Board of Directors.

                           XIX. AMENDMENT OF THE PLAN

     19.01 The Board of Directors or the Committee may, from time to time, amend
the Plan, provided that,  notwithstanding  anything to the contrary in the Plan,
no  amendment  shall be made,  without the approval of the  shareholders  of the
Company,  that will (i) increase the total number of Shares reserved for Options
pursuant  to the Plan  (other  than an  increase  resulting  from an  adjustment
provided for in Article  XII),  (ii) reduce the exercise  price of any Incentive
Option granted pursuant to the Plan to an amount less than the price required by
Article VI, (iii) modify the provisions of the Plan relating to eligibility,  or
(iv) materially  increase the benefits accruing to participants  pursuant to the
Plan.  The Board of Directors or the Committee  shall be authorized to amend the
Plan and the Options to permit the  Incentive  Options to qualify as  "incentive
stock  options"  within the meaning of Section 422A of the Code.  The rights and
obligations  pursuant to any Option granted before  amendment of the Plan or any
unexercised  portion of such Option shall not be adversely affected by amendment
of the Plan or the Option without the consent of the holder of the Option.

                                       14
<PAGE>

                    XX. TERMINATION OR SUSPENSION OF THE PLAN

     20.01 The Board of Directors or the  Committee  may at any time and for any
or no reason suspend or terminate the Plan. The Plan,  unless sooner  terminated
pursuant  to  Article  III of the Plan or by action  of the Board of  Directors,
shall terminate at the close of business on the Termination  Date. An Option may
not be granted  while the Plan is suspended or after it is  terminated.  Options
granted  while  the Plan is in  effect  shall  not be  altered  or  impaired  by
suspension or termination of the Plan,  except upon the consent of the person to
whom the Option was granted.  The power of the Committee  pursuant to Article IV
of the  Plan to  construe  and  administer  any  Options  granted  prior  to the
termination or suspension of the Plan shall  continue after such  termination or
during such suspension.

                               XXI. GOVERNING LAW

     21.01 The Plan and such Options as may be granted  pursuant thereto and all
related  matters  shall be governed by, and construed and enforced in accordance
with, the laws of the State of Nevada, as from time to time amended.

                            XXII. PARTIAL INVALIDITY

     22.01 The  invalidity  or illegality of any provision of the Plan shall not
be deemed to affect the validity of any other provision of the Plan.

                                       15

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