Document:

Exhibit 10.1

THIS AGREEMENT DATED THIS 1st day of March, 2005

     BETWEEN:

                   CHRIS  CRADDOCK,  of the  City  of  North  Vancouver,  in the
                   Province of British Columbia.

                   (hereinafter referred to as the "Consultant")

                                                               OF THE FIRST PART

     AND:

                   KEEWATIN  WINDPOWER  CORP, a corporation  carrying on
                   business  under  the  jurisdiction  of the  State  of
                   Nevada  Corporations  Act, and having its head office
                   in North Vancouver, BC Canada.

                   (hereinafter referred to as the "Corporation")

                                                              OF THE SECOND PART

     WHEREAS the Corporation  wishes to retain the services of the Consultant to
provide the services hereunder described during the terms hereinafter set out;

     NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual
covenants  and  agreements  herein  contained  and for other  good and  valuable
consideration, the parties agree as follows:

1. TERM

     The  Corporation  shall  employ the  Consultant  for a period of six months
commencing on March 1, 2005 and continuing  thereafter on a month to month basis
until this Agreement is terminated in accordance with paragraph 8.

2. DUTIES

     The Consultant  shall serve the  Corporation  and any  subsidiaries  of the
Corporation  in such  capacity or  capacities  and shall perform such duties and
exercise  such  powers  pertaining  to  the  management  and  operation  of  the
Corporation  and any  subsidiaries  and associates of the  Corporation as may be
determined  from  time to time by the  board of  directors  of the  Corporation,

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provided that same are consistent with the position of a senior executive of the
Corporation. Provided further and without limiting the foregoing, the Consultant
shall:

     a.   devote his time and attention and his best efforts to the business and
          affairs of the Corporation;

     b.   perform those duties that may reasonably be assigned to the Consultant
          diligently and faithfully to the best of the Consultants abilities and
          in the best interest of the Corporation; and

     c.   use his best  efforts to promote  the  interests  and  goodwill of the
          Corporation.

3. REPORTING PROCEDURES

     The Consultant  shall report to the Board of Directors of the  Corporation.
The  Consultant  shall report fully on the  management,  operations and business
affairs  of the  Corporation  and  advise  to the  best  of his  ability  and in
accordance with reasonable business standards on business matters that may arise
from time to time during the term of this Agreement.

4. REMUNERATION

     The annual salary  payable to the  Consultant  for the  performance  of his
services hereunder for the term of this Agreement shall be USD $2,500 per month.
Any increase in the monthly salary payable to the Consultant for the performance
of his services hereunder for each successive term or any annual renewal of this
Agreement,  exclusive  of bonuses,  benefits  and other  compensation,  shall be
within the discretion of the board of directors of the  Corporation.  The salary
payable to the Consultant  pursuant to the provisions of this section 4 shall be
payable  in  monthly  instalments  in advance on the 1st day of each month or in
such  other  manner as may be  mutually  agreed  upon,  less,  in any case,  any
deductions or withholdings required by law.

5. FURTHER SALARY ADJUSTMENTS

     The Corporation and the Consultant shall review,  on a quarterly basis, the
Consultant's salary, and bonus entitlement, if any, provided that there shall be
no change in the Consultant's salary unless agreed to in writing by the parties.

6. VACATION

     The  Consultant  shall be entitled to four weeks' paid  vacation per fiscal
year  of  the  Corporation  at a time  convenient  to the  Corporation  and  the
Consultant taking into account the business  requirements of the Corporation and
the need for the timely performance of the Consultant's responsibilities.

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7. EXPENSES

     The  Consultant  shall be reimbursed  for all  reasonable  travel and other
out-of-pocket  expenses  actually and properly  incurred by the Consultant  from
time to time in connection with carrying out his duties hereunder.  For all such
expenses  the  Consultant  shall  furnish to the  Corporation  originals  of all
invoices or statements in respect of which the Consultant seeks reimbursement.

8. TERMINATION

a.   For Cause

     The  Corporation  may terminate the employment of the Consultant for cause,
without notice or any payment in lieu of notice, only if:

     i.   the Consultant is convicted of a criminal  offence  involving fraud or
          dishonesty in respect of the Corporation; or

     ii.  the Consultant disobeys reasonable instructions given in the course of
          his employment by the board of directors of the  Corporation  that are
          consistent with the Consultant's  management position. In such a case,
          at the request of the board of directors,  the Consultant shall attend
          at the next  meeting  of the board of  directors.  At that  time,  the
          Consultant   shall  give   reason  for  his  failure  to  perform  the
          instructions  of the board of directors.  The  Consultant  may then be
          directed  to carry  out the  instructions  of the  board of  directors
          within no less than 15 days, such term may be extended by the Board of
          Directors  to whatever  reasonable  term the board of  directors  (the
          "Period").  If at the end of the Period,  the Consultant has failed to
          perform  the  instructions  of the  board  of  directors,  a board  of
          directors  meeting will be called,  and the board of directors will be
          deemed to have  sufficient  grounds to terminate the employment of the
          Consultant for cause.

b.   For Disability/Death

     The Agreement may be immediately terminated by the Corporation by notice to
the Consultant,  if the Consultant becomes  permanently  disabled if in any year
during  the  employment  period,  because  of ill  health,  physical  or  mental
disability,  or for other  causes  beyond  the  control of the  Consultant,  the
Consultant  has been  continuously  unable,  as  determined  by two  independent
physicians of at least ten years' experience who are members in good standing of
the Royal  College of Physicians  and Surgeons of Canada,  to perform his duties
for 180 consecutive days, or if, during any year of the employment  period,  the
Consultant has been unable,  determined as set out above,  to perform his duties
for a total of 270 days,  consecutive months during the employment period.  This
Agreement  shall  terminate  without  notice or payment in lieu thereof upon the
death of the Consultant.

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c.   Voluntary

     The Consultant  shall give to the Board of the  Corporation no less than 30
days notice in writing should the Consultant resign during the term.

9. SEVERANCE PAYMENTS

a.   Upon termination of the Consultant's employment:

     i.   for cause pursuant to paragraph 11(a);

     ii.  by the voluntary termination of employment of the Consultant; or

     iii. by the non-renewal of this Agreement;

     the  Consultant  shall not be entitled to any severance  payment other than
     compensation  earned  by the  Consultant  before  the  date of  termination
     calculated pro rata up to and including the date of termination.

b. If the  Consultant's  employment is terminated  for any reason other than the
reasons  set forth in  subsection  8(a),  the  Consultant  shall be  entitled to
receive six month's salary at the then applicable base salary rate.

c. If the  Consultant's  employment  is  terminated as a result of the permanent
disability  of the  Consultant  and the  Consultant  is thereafter in receipt of
disability  insurance  benefits,  the  Consultant  shall be entitled to receive,
within 30 days of the date of such cessation of such disability  hereunder,  the
payment set out in subsection  9(a) hereof.  In the event that the Consultant is
disentitled from disability insurance benefits, he shall be entitled to receive,
within 30 days of  receiving  notice of  disentitlement,  the payment set out in
subsection  9(a) hereof.  The  Consultant  agrees to reasonably  comply with all
requirements  necessary for the Corporation to obtain  disability  insurance for
the term of this Agreement.

10. CONFIDENTIALITY

     The Consultant acknowledges and agreed that:

     a.   in the course of  performing  his duties  and  responsibilities  as an
          officer of the Corporation, he has had and will continue in the future
          to have  access to and has been and will be  entrusted  with  detailed
          confidential  information  and trade  secrets  (printed or  otherwise)
          concerning past, present, future and contemplated products,  services,
          operations and marketing  techniques and procedures of the Corporation
          and  its  subsidiaries,  including,  without  limitation,  information
          relating  to  clients,  customers,  suppliers  and  employees  of  the
          Corporation and its subsidiaries (collectively,  "Trade Secrets"), the
          disclosure of any of which to competitors of the Corporation or to the

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          general public, or the use of same by the Consultant or any competitor
          of  the  Corporation  or  any of its  subsidiaries,  would  be  highly
          detrimental to the interests of the Corporation;

     b.   in the course of performing  his duties and  responsibilities  for the
          Corporation,  the  Consultant has been and will continue in the future
          to have significant  responsibility  for maintaining and enhancing the
          goodwill of the Corporation with such customers, clients and suppliers
          and  would not have,  except  by  virtue  of his  employment  with the
          Corporation,  developed  a close  and  direct  relationship  with  the
          customers, clients and suppliers of the Corporation;

     c.   the  Consultant,  as an officer  of the  Corporation,  owes  fiduciary
          duties  to the  Corporation,  including  the  duty to act in the  best
          interest of the Corporation; and

     d.   the right to maintain the  confidentiality  of the Trade Secrets,  the
          right to preserve the goodwill of the Corporation and the right to the
          benefit  of  any   relationships   that  have  developed  between  the
          Consultant   and  the  customers,   clients,   and  suppliers  of  the
          Corporation  by  virtue  of  the  Consultant's   employment  with  the
          Corporation  constitute  proprietary rights of the Corporation,  which
          the Corporation is entitled to protect.

     In  acknowledgement  of the matters described above and in consideration of
the payments to be received by the Consultant  pursuant to this  Agreement,  the
Consultant  hereby agrees that he will not, during the term of this Agreement or
after  termination  thereof for any reason  whatsoever,  directly or  indirectly
disclose  to any person or in any way make use of (other than for the benefit of
the  Corporation),  in any manner any of the Trade  Secrets,  provided that such
Trade  Secrets  shall be deemed  not to include  information  that is or becomes
generally  available  to the  public  other  than as a result of  disclosure  by
Consultant.

11. NON-SOLICITATION

     The Consultant hereby agrees that he will not, either during his employment
by the Corporation or for two years  following  termination of his employment by
the Corporation for whatever  reason,  be a party to or abet any solicitation of
existing  customers,  clients  or  suppliers  of the  Corporation  or any of its
subsidiaries,   to  transfer  business  from  the  Corporation  or  any  of  its
subsidiaries  to any other person,  or seek in any way to persuade or entice any
employee of the Corporation or any of its  subsidiaries to leave that employment
or to be a party to or abet any such action.

12. NON-COMPETITION

     The Consultant hereby agrees that he will not, either during his employment
by the Corporation,  or for 12 months following termination of his employment by
the Corporation for whatever reason, directly or indirectly carry on, be engaged

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in or  employed by or have an interest  in, a business  in Canada  which  offers
services or sells products that compete with the services and products

13. CONFLICT OF INTEREST

     During the employment period, the Consultant shall promptly disclose to the
board of directors full information concerning any interest, direct or indirect,
of the Consultant (as owner,  shareholder,  partner,  lender or other  investor,
director,  officer,  employee,  consultant  or  otherwise)  or any member of his
family in any business that is reasonably known to the Consultant to purchase or
otherwise  obtain  services or products  from,  or to sell or otherwise  provide
services or products to the Corporation or to any of its suppliers or customers.

14. RETURN OF MATERIALS

     All files, forms,  brochures,  books,  materials,  written  correspondence,
memoranda,  documents,  manuals, computers and related hardware, computer disks,
software products and lists (including lists of customers,  suppliers,  products
and  prices)  pertaining  to  the  business  of  the  Corporation  or any of its
subsidiaries  and associates that may come into the possession or control of the
Consultant  shall at all times  remain the property of the  Corporation  or such
subsidiary or associate,  as the case may be. On termination of the Consultant's
employment  for any reason,  the  Consultant  agrees to deliver  promptly to the
Corporation  all such  property  of the  Corporation  in the  possession  of the
Executive or directly or  indirectly  under the control of the  Consultant.  The
Consultant  agrees not to make for his  personal or business  use or that of any
other party,  reproductions  or copies of any such property or other property of
the Corporation.

15. GOVERNING LAW

     This  Agreement  shall be governed by and construed in accordance  with the
laws of the Province of British Columbia.

16. NO ASSIGNMENT

     The Consultant may not assign, pledge or encumber the Consultant's interest
in this Agreement nor assign any of the rights or duties of the Consultant under
this Agreement without the prior written consent of the Corporation.

17. SUCCESSORS

     This  Agreement  shall  be  binding  on and  enure  to the  benefit  of the
successors and assigns of the  Corporation  and the heirs,  executors,  personal
legal representative and permitted assigns of the Consultant.

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18. NOTICES

     Any  notice  or other  communications  required  or  permitted  to be given
hereunder shall be in writing and either  delivered by hand or mailed by prepaid
registered  mail.  At any time other  than  during a general  discontinuance  of
postal service due to strike, lock-out or otherwise, a notice so mailed shall be
deemed to have been received  three  business days after it is so delivered.  If
there is a general  discontinuance of postal service due to strike,  lock-out or
otherwise, a notice sent by prepaid registered mail shall be deemed to have been
received  five business days after the  resumption  of postal  service.  Notices
shall be addressed as follows:

     a.   If to the Corporation:

          Keewatin Windpower Corp.
          Suite 44, 1294 Emery Place
          North Vancouver, British Columbia
          Canada V7J 1R3

     b.   If to the Consultant:

          Chris Craddock
          Suite 44, 1294 Emery Place
          North Vancouver, British Columbia
          Canada V7J 1R3

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

                                           KEEWATIN WINDPOWER CORP.

/s/ Chris Craddock                         per: /s/ Chris Craddock
---------------------                          --------------------------
Chris Craddock                                 Authorized Signatory

                                       720-F

Exhibit 4.6  

AMENDMENT TO
SHAREHOLDERS AGREEMENT 

        THIS
AMENDMENT TO THE SHAREHOLDERS AGREEMENT (this “Amendment Agreement”) is
entered into as of the 8th day of September, 2004, by and between NIR ALON HOLDING GMBH
(the “Investors”), ALTRO WARENHANDELS GMBH, NIR ALON, ELBIT LTD.
(“Elbit”), M.S. Master Investments (2002) Ltd. (“MS”),
S.R. Master Investments (2002) Ltd. (“SR”), R.D. Master Investments
(2002) Ltd. (“RD”) and Avner Shacham (“Shacham”)(MS, SR,
RD and Shacham, shall together be referred to herein as the “New
Shareholders”). 

        WHEREAS,
Elbit, Altro Warenhandelsgesmbh (“Altro”) and Nir Alon are party to a
Shareholders Agreement, dated March 28, 2001 (the “SA”), relating to
their holdings of shares in the Company; 

        WHEREAS,
in August 2002, Nir Alon transferred all of his holdings in EVS to Altro; 

        WHEREAS,
 Altro is in the  process  of  transferring  all of its  holdings  in the  Company  to
Nir Alon Holding GmbH; 

        WHEREAS,
the Company, the New Shareholders and certain others are party to a Share Purchase
Agreement dated August 6, 2004, and amended effective September 1, 2004 (the “New
SPA”) pursuant to which the Company is to issue Ordinary Shares with a value of
up to $5,500,000 to the New Shareholders and certain other parties and the New
Shareholders are to have the right to appoint two (2) members to the Board, all as further
set forth therein (the “Obligation”); and 

        WHEREAS,
in order to have the Company comply with the Obligation, the Parties wish to have the New
Shareholders become a party to the SA and amend the SA on the terms and conditions
hereinafter set forth. 

        NOW,
THEREFORE, the parties hereby agree as follows: 

         1.       
          All terms used herein which are not otherwise defined herein shall have the
          meanings ascribed to them in the SA. 

         2.       
          Section 2.2 of the SA shall be cancelled and replaced in its entirety
          with the following: 

	 	“2.2       

At any meeting of the shareholders of the Company at which members of the Board are to be
elected, the Shareholders and the New Shareholders hereby agree to vote or act with
respect to their shares so as to: 

	  	(i)
elect
to the Board of Directors of the Company three (3) Directors nominated by           Nir
Alon Holding GmbH or Altro, whichever holds the Ordinary Shares of the           Company
at such time (the “Alon Shareholder”) and provided that Nir           Alon is
one of the nominees of the Alon Shareholder, to appoint him as Chairman           of the
Board of Directors;  

	  	(ii)
elect
one (1) member of the Board designated by Elbit, for so long as Elbit           holds at
least five percent (5%) of the Issued and Outstanding Capital (the           “Elbit
Threshold”) and where a reduction of Elbit’s holdings           below the Elbit
Threshold shall only occur as a result of a sale of the           Company’s shares
by Elbit;  

1

	  	 (iii)
elect
two (2) members of the Board designated by the New Shareholders;  

	  	(iv)
Notwithstanding
anything to the contrary in this Section 2.2: (a) in the event           that either (A)
the holdings of the New Shareholders in the aggregate or (B) the           Alon
Shareholder, represent at any time less than ten percent (10%) of the           Issued
and Outstanding Capital, as a result of the sale of the Company’s           shares,
the Shareholders and New Shareholders shall vote their respective shares           to
elect one (1) member of the Board less than the number of directors set forth
          in Section 2.2(i) or 2.2(iii), as applicable to such party that at such time
          holds less than ten percent (10%) of the Issued and Outstanding Capital; and
(b)           in the event that either the holdings of the New Shareholders in the
aggregate           or the Alon Shareholder, represent at any time less than five percent
(5%) of           the Issued and Outstanding Capital, as a result of the sale of the
          Company’s shares, the Shareholders and New Shareholders shall vote their
          respective shares to elect two (2) members of the Board less than the number of
          directors set forth in Section 2.2(i) or 2.2(iii), as applicable to such party
          that at such time holds less than five percent (5%) of the Issued and
          Outstanding Capital. Notwithstanding the above, in any event where the number
of           directors that either the New Shareholders or the Alon Shareholder is
entitled           to appoint is decreased pursuant to this Section 2.2(iv), the parties,
to the           extent permitted by applicable law and subject to the Articles of
Association of           the Company, shall attempt to fill such vacancy(ies) by voting
their respective           shares in favor of an individual to be mutually agreed upon by
a majority of the           New Shareholders, on the one hand, and the Alon Shareholder,
on the other.  

	 	For
the
purposes of this Section 2.2, the term “Issued and Outstanding Capital”shall
mean the number of issued and outstanding shares of the Company immediately following the
consummation of the New SPA. “ 

         3.       
          The following new Section 2.4 shall be added to the SA: 

	 	“2.4       

At any meeting of the shareholders of the Company at which members of the Board are to be
elected, or whenever members of the Board are to be elected by written consent, Elbit and
Nir Alon Holding GmbH hereby agree to vote or act with respect to their shares so as to
elect Yossef (Joseph) Barath as a member of the Board for so long as he is entitled to be
appointed pursuant to the Agreement entered into between Elbit and Yossef (Joseph) Barath
dated July 4, 1993.” 

2

         4.       
          Section 6.4 of the SA shall be cancelled and replaced in its entirety by the
          following: 

	 	“6.4       

This Agreement shall not be modified except in writing signed by Elbit, Nir Alon Holding
GmbH or Altro (as applicable) and a majority of the New Shareholders, provided however,
that the modification of Sections 1, 2.4, 3 and 3B shall not require the approval of any
of the New Shareholders.” 

         5.       
          The following shall be added to Section 8, following the phrase “Fax:
          09-9704200": 

	 	
"if
to the New Shareholders:  c/o ScanMaster Systems (IRT) Ltd.        
       5B Ha'Nagar
Street      
         Neve Ne'eman B        
       Hod Hasharon 45800    
           Israel

              Fax:  (972) (9) - 746-4648     
          Attention:  Chief Executive Officer 

	 	
with
a copy to: 

	 	
Gross,
Kleinhendler, Hodak, Halevy and Greenberg      
         One Azrieli Center (Round Tower)

              40th Floor        
       Tel Aviv 64731      
         Israel   

              Fax: (972-3) 607-4422     
          Attention: Richard J. Mann, Adv." 

         6.       
          Except as specifically amended herein, all terms, definitions and conditions of
          the SA remain in full force and effect. 

         7.       
          In the event of any inconsistency or conflict between the provisions of the SA
          and this Amendment Agreement, the provisions of this Amendment Agreement shall
          prevail and govern. 

         8.       
          Notwithstanding anything to the contrary herein, this Amendment Agreement shall
          only become effective upon the consummation of the New SPA (the
          “Effective Date”). 

[remainder of page intentionally left blank] 

3

IN WITNESS WHEREOF, the parties
hereto have executed this Amendment Agreement on the date first above-written to be
effective as of the Effective Date. 

For and on behalf of: 

	ELBIT LTD.                          

By:      ________________________   

Name:    ________________________   

Title:   ________________________   

NIR ALON                            

_____________________________

                                    

                                    

                                    

M.S. MASTER INVESTMENTS (2002) LTD. 

By:      ________________________   

Name:    ________________________   

Title:   ________________________   

R.D. MASTER INVESTMENTS (2002) LTD. 

                                    

By:      ________________________   

Name:    ________________________

Title:   ________________________
	ALTRO WARENHANDELS GMBH

By:      ________________________

Name:    ________________________

Title:   ________________________

NIR ALON HOLDING GMBH

By:      ________________________

Name:    ________________________

Title:  ________________________

S.R. MASTER INVESTMENTS (2002) LTD.

By:      ________________________

Name:    ________________________

Title:   ________________________

AVNER SHACHAM

  

______________________________

4

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