Document:

STOCK OPTION AGREEMENT

THIS AGREEMENT made as of the 24th day of November, 1999

BETWEEN:

     PLAYANDWIN, INC., a company incorporated under the  laws  of
     the State of Nevada (the "Company")

                                                OF THE FIRST PART

AND

     ADAM HAWKINS, a member of the Advisory Board (the "Holder")

                                               OF THE SECOND PART

WHEREAS the Holder is a consultant to the Company.

NOW  THEREFORE THIS AGREEMENT WITNESSES that in consideration  of
the  services  provided by the Holder to the Company,  and  other
good  and  valuable consideration the receipt and sufficiency  of
which  is hereby acknowledged by both parties hereto, the parties
hereby agree as follows:

33.  The  Company hereby grants to the Holder upon the terms  and
     conditions herinafter contained, the sole and excusive right and
     option to purchase all or any part of 250,000 common shares of
     its capital as fully paid and non-assessable shares, exercisable
     until November 24, 2004, at a price of US$2.00 per share (the
     "Optioned Shares"), the grant of such option being subject always
     to  the  provisions as to earlier termination as set out  in
     paragraph 2 hereof.

34.  (a)   The  option  granted  to the Holder  shall  cease  and
     determine upon the Holder's death provided that the Holder's
     personal representatives shall be entitled to purchase all or any
     part of the Optioned Shares if they exercise the option  and
     tender payment within six (6) months of the date of death.
35.  If the Holder at any time and from time to time during the
option period desires to purchase any of the Optioned Shares, the
Holder may do so by giving notice to the Company at its
Registered Office or Head Office within the time or times herein
limited for exercise of the option and by tendering to the
Company at its Registered Office or Head Office the Holder's
certified cheque in favour of the Company in the full amount of
the purchase price payable hereunder, or through the conversion
of indebtedness outstanding as the date of such notice, for such
number of the shares comprised in the election.
36.  The option granted under this Agreement is non-assignable
and non-transferable.
37.  (a)  In the event of the issuance of additional shares of
the Company for a consideration, if the issued and outstanding
shares of the Company are changed by a subdivision,
consolidation, stock split, reverse stock split, reduction in
capital or by any other capital reorganization or
reclassification of the capital stock of the Company, or
consolidation or merger of the Company with another corporation
shall effected, then, as a condition of such reorganization,
reclassification, consolidation or merger, this option shall be
adjusted and lawful and adequate provision shall be made whereby
the Holder hereof shall thereafter have the right to purchase and
receive upon the basis and upon the terms and conditions
specified in this Option Agreement and in lieu of th eshares of
the Company immediately theretofore purchaseable and receivable
upon the exercise of the rights represented hereby, such shares
of stock, securities or assets as may be issued or payable with
respect to or in exchange for a number of outstanding shares
equal to the number of shares of such stock immediately
theretofore purchasable and receivable upon the exercise of the
rights represented hereby had such reorganization,
reclassification, consolidation or merger not taken place, and in
any such case appropriate provision shall be made with respect to
the rights and interest of the Holder to the end that the
provisions hereof (including without limitation provisions for
adjustments of the option price and of the number of shares
purchasable upon conversion of this option) shall thereafter by
applicable, as nearly as may be in relation to any shares of
stock, securities or assets thereafter deliverable upon the
exercise hereof.

     (b.)  As evidence of the kind and amount of shares or  other
     securities or property which the Holder shall have the right to
     purchase after any such reorganization, reclassification, change,
     consolidation, merger or amalgamation, the Company may accept the
     certificate or opinion of any firm of independent accountants
     (who may be the auditors for the Company) with respect thereto.
(c.) Nothing in this paragraph shall in any way extend the time
within which the option may be exercised.

38.  This Agreement shall be governed by the laws of the State of
     Nevada  and the federal laws of the United States of America
     applicable therein.
39.  Time shall be of the essence of this Agreement.
40.  This Agreement shall ensure to the benefit of the Holder and
shall to the extent hereinbegore provided ensure to the benefit
of the Holder's heirs, executors and administrators.

IN WITNESS WHEREOF, the parties hereto have caused these presents
to  be executed as and from the day, month and year first written
above.
     PLAYANDWIN, INC.
     Per:                        /s/ Stewart Garner
                                 Stewart Garner
     HOLDER
     Per:                        /s/ Adam Hawkins
                                 Adam HawkinsSPECTRUM SIGNAL PROCESSING INC.

                             1995 Stock Option Plan
                             (Amended June 22, 1999)

1        PURPOSE

                  The purpose of the 1995 Stock  Option Plan (this  "Plan) is to
provide a means whereby  selected  employees,  senior  officers and directors of
Spectrum Signal  Processing Inc. (the "Company"),  or of any affiliate  thereof,
may be granted  incentive stock options to purchase Common Shares (as defined in
Section 3) of the Company, in order to attract and retain the services or advice
of such employees, senior officers and directors, and to provide added incentive
to such persons by encouraging share ownership in the Company.

2        ADMINISTRATION

                  This Plan shall be  administered  by the Board of Directors of
the  Company  (the  "Board")  or, in the event the Board  shall  appoint  and/or
authorize  a  committee  to  administer  this  Plan,  by  such  committee.   The
administrator  of this  Plan  shall  hereinafter  be  referred  to as the  "Plan
Administrator".

                  In the event a member of the Board (or the  committee)  may be
eligible,  subject to the restrictions set forth in Section 4, to participate in
or  receive  or hold  options  under  this  Plan,  no member of the Board or the
committee  shall vote with  respect to the  granting of an option  hereunder  to
himself or herself, as the case may be.

                  The  members of any  committee  serving as Plan  Administrator
shall be  appointed by the Board for such term as the Board may  determine.  The
Board  may from  time to time  remove  members  from,  or add  members  to,  the
committee.  Vacancies on the  committee,  however  caused,  may be filled by the
Board.

2.1      Procedures

                  The  Board  shall  designate  one of the  members  of the Plan
Administrator  as chairman.  The Plan  Administrator  may hold  meetings at such
times and places as it shall determine. The acts of a majority of the members of
the Plan  Administrator  present at meetings at which a quorum  exists,  or acts
reduced to or approved in writing by all Plan  Administrator  members,  shall be
valid acts of the Plan Administrator.

<PAGE>

2.2      Responsibilities

                  Except for the terms and  conditions  explicitly  set forth in
this Plan, the Plan Administrator  shall have the authority,  in its discretion,
to determine all matters  relating to the options to be granted under this Plan,
including  selection of the  individuals  to be granted  options,  the number of
shares to be subject to each option, the exercise price, and all other terms and
conditions  of the options.  Grants under this Plan need not be identical in any
respect,  even when made simultaneously.  The interpretation and construction by
the Plan  Administrator  of any terms or  provisions  of this Plan or any option
issued  hereunder,  or of any  rule  or  regulation  promulgated  in  connection
herewith, shall be conclusive and binding on all interested parties.

3        SHARES SUBJECT TO THIS PLAN

                  The shares subject to this Plan shall be the Company's  common
shares,  without  par value (the  "Common  Shares"),  presently  authorized  but
unissued or  subsequently  acquired by the  Company.  Subject to  adjustment  as
provided in Section 6, the  aggregate  amount of Common  Shares to be  delivered
upon the  exercise  of all  options  granted  under  this Plan  shall not exceed
3,050,000 shares as such Common Shares were constituted on the effective date of
this Plan. If any option granted under this Plan shall expire or be cancelled or
terminated for any reason without having been exercised in full, the unpurchased
shares subject  thereto shall  thereupon again be available for purposes of this
Plan.

4        ELIGIBILITY

                  An  incentive   stock  option  may  be  granted  only  to  any
individual  who,  at the time the  option is  granted,  is an  employee,  senior
officer or director of the Company or an  affiliate  of the Company as that term
is defined in the Company Act (British Columbia) (an "Affiliate"),  a trustee on
behalf of such individual,  or an entity,  all of the voting securities of which
are beneficially  owned by an employee or director.  Any party to whom an option
is granted under this Plan shall be referred to hereinafter as an "Optionee".

5        TERMS AND CONDITIONS OF OPTIONS

                  Options  granted under this Plan shall be evidenced by written
agreements  which  shall  contain  such  terms,   conditions,   limitations  and
restrictions  as the Plan  Administrator  shall deem advisable and which are not
inconsistent  with this  Plan.  Notwithstanding  the  foregoing,  options  shall
include or incorporate by reference the following terms and conditions:

                                      -2-
<PAGE>

5.1      Number of Shares and Price

                  The maximum number of shares that may be reserved  pursuant to
the  exercise  of each  option and the price per share at which  such  option is
exercisable  (the  "Exercise  Price")  shall  be  as  established  by  the  Plan
Administrator,  provided that the number of shares that may be reserved pursuant
to the  exercise of options and granted to any person shall not exceed 5% of the
issued and outstanding  share capital of the Company,  and further provided that
the Plan  Administrator  shall act in good faith to establish the exercise price
which shall be not less than the closing  price of the  Company's  shares on the
Toronto  Stock  Exchange on the day  immediately  preceding the date of grant of
such options.

5.2      Term and Maturity

                  The  term  of  each   incentive   stock  option  shall  be  as
established by the Plan  Administrator  and, if not so  established,  shall be 5
years from the date it is granted but in no event shall it exceed 10 years.

                  To ensure  that the  Company or  Affiliate  will  achieve  the
purpose  and  receive  the  benefits   contemplated   in  this  Plan,  the  Plan
Administrator may, in respect of any options granted to any Optionee  hereunder,
establish a schedule for the exercise of such option (a "Vesting Schedule").

5.3      Exercise

                  Subject to any Vesting  Schedule  each option may be exercised
in whole or in part at any time and from time to time; provided,  however,  that
no fewer than 100 shares (or the  remaining  shares then  purchasable  under the
option,  if less than 100 shares) may be  purchased  upon any exercise of option
rights  hereunder  and that only whole  shares  will be issued  pursuant  to the
exercise of any option. During an Optionee's lifetime, any options granted under
this  Plan  are  personal  to him or her  and  are  exercisable  solely  by such
Optionee. Options shall be exercised by delivery to the Company of notice of the
number of shares with respect to which the option is  exercised,  together  with
payment of the exercise price.

5.4      Payment of Exercise Price

                  Payment of the option  exercise price shall be made in full at
the time the notice of  exercise of the option is  delivered  to the Company and
shall be in cash, bank certified or cashier's  cheque or personal cheque (unless
at the time of exercise the Plan  Administrator  in a particular case determines
not to accept a personal cheque) for the Common Shares being purchased.

                  The  Plan  Administrator  can  determine  at any  time  before
exercise  that  additional  forms of payment  will be  permitted.  To the extent
permitted  by  the  Plan  Administrator  and  applicable  laws  and  regulations
(including, but not limited to, federal tax law, securities laws and regulations
and  provincial  company  law), an option may be exercised by delivery of Common
Shares of the Company  held by an Optionee  having a fair market  value equal to
the exercise price, such fair market value to be determined in good faith by the
Plan Administrator;  provided, however, that payment in Common Shares held by an
Optionee shall not be made unless the Common Shares shall have been owned by the
Optionee for a period of at least six months.

                                      -3-
<PAGE>

5.5      Withholding Tax Requirement

                  The  Company or any  Affiliate  shall have the right to retain
and  withhold  from any  payment  of cash or Common  Shares  under this Plan the
amount of taxes required by any government to be withheld or otherwise  deducted
and paid with  respect to such  payment.  At its  discretion,  the  Company  may
require an Optionee  receiving  Common  Shares to reimburse  the Company for any
such taxes required to be withheld by the Company and withhold any  distribution
in whole or in part until the Company is so  reimbursed.  In lieu  thereof,  the
Company  shall have the right to withhold  from any other cash amounts due or to
become due from the Company to the Optionee an amount  equal to such taxes.  The
Company  may also  retain and  withhold or the  Optionee  may elect,  subject to
approval by the Company at its sole  discretion,  to have the Company retain and
withhold  a number of shares  having a market  value not less than the amount of
such taxes  required to be withheld by the Company to reimburse  the Company for
any such taxes and cancel (in whole or in part) any such shares so withheld.

5.6      Non-transferability of Options

                  Options  granted under this Plan and the rights and privileges
conferred  hereby may not be transferred,  assigned,  pledged or hypothecated in
any manner  (whether by operation of law or otherwise)  other than by will or by
the  applicable  laws of descent  and  distribution  and shall not be subject to
execution,  attachment  or similar  process.  Any attempt to  transfer,  assign,
pledge,  hypothecate  or otherwise  dispose of any option under this Plan or any
right or privilege conferred hereby, contrary to the provisions of this Plan, or
the sale or levy or any  attachment  or  similar  process  upon the  rights  and
privileges  conferred  hereby  shall  be  null  and  void.  Notwithstanding  the
foregoing,  if the Company  permits,  an  Optionee  may,  during the  Optionee's
lifetime,  designate a person who may exercise  the option after the  Optionee's
death by giving  written notice of such  designation to the Plan  Administrator.
Such  designation  may be changed  from time to time by the  Optionee  by giving
written notice to the Plan  Administrator  revoking any earlier  designation and
making a new designation.

                                      -4-
<PAGE>

5.7      Termination of Relationship

                  If  the  Optionee's  relationship  with  the  Company  or  any
Affiliate ceases for any reason other than termination for cause, death or total
disability,  and unless by its terms the option  sooner  terminates  or expires,
then the  Optionee  may  exercise,  for a ninety day period that  portion of the
Optionee's  option which is exercisable at the time of such  cessation,  but the
Optionee's  option  shall  terminate  at the end of such period  following  such
cessation  as to all shares  for which it has not  theretofore  been  exercised,
unless such  provision is waived in the  agreement  evidencing  the option or by
resolution  adopted  at any time by the  Plan  Administrator.  If an  Optionee's
relationship  with the Company or any Affiliate  changes (i.e., from employee to
nonemployee,  such as a consultant),  such change shall constitute a termination
of an  Optionee's  relationship  with  the  Company  or any  Affiliate  and  the
Optionee's  option shall  terminate in accordance with this subsection 5.7. Upon
the  expiration  of the ninety day period  following  cessation of an Optionee's
relationship  with the Company or any Affiliate,  the Plan  Administrator  shall
have sole discretion in a particular  circumstance to extend the exercise period
following such cessation beyond that specified  above,  subject to any extension
being pre-cleared by The Toronto Stock Exchange.

                  If an Optionee is  terminated  for cause,  any option  granted
hereunder shall automatically terminate as of the first discovery by the Company
of any reason for termination for cause,  and such Optionee shall thereupon have
no right to purchase any shares pursuant to such option. "Termination for cause"
shall  mean  dismissal  for  dishonesty,  conviction  or  confession  of a crime
punishable by law (except minor violation),  fraud,  misconduct or disclosure of
confidential information.  If an Optionee's relationship with the Company or any
Affiliate is suspended  pending an  investigation of whether or not the Optionee
shall be  terminated  for  cause,  all the  Optionee's  rights  under any option
granted   hereunder   likewise   shall  be   suspended   during  the  period  of
investigation.

                  If  an  Optionee's   relationship  with  the  Company  or  any
Affiliate ceases because of a total  disability,  no further vesting shall occur
after the cessation,  the Optionee's option shall not terminate until the end of
the 24-month  period  following  such  cessation  (unless by its terms it sooner
terminates  and  expires).  As used in this Plan,  the term  "total  disability"
refers to a mental or physical  impairment of the Optionee  which is expected to
last for a continuous  period of 12 months or more and which causes the Optionee
to be unable, in the opinion of the Company and two independent  physicians,  to
perform his or her duties for the  Company and to be engaged in any  substantial
gainful activity. Total disability shall be deemed to have occurred on the first
day after the Company and the two  independent  physicians  have furnished their
opinion of total disability to the Plan Administrator.

                  For purposes of this subsection 5.7 a transfer of relationship
between  the  Company  and any  Affiliate  shall not be deemed to  constitute  a
cessation  of  relationship  with  the  Company  or any of its  Affiliates.  For
purposes of this  subsection  5.7,  with  respect to  incentive  stock  options,
employment  shall be deemed to continue while the Optionee is on military leave,
sick  leave or other  bona fide  leave of  absence  (as  determined  by the Plan
Administrator). The foregoing notwithstanding, employment shall not be deemed to
continue  beyond  the  first  90 days  of  such  leave,  unless  the  Optionee's
reemployment rights are guaranteed by statute or by contract.

5.8      Death of Optionee

                  If an Optionee  dies while he or she has a  relationship  with
the Company or any Affiliate or within the ninety day period (or 24-month period
in  the  case  of  totally  disabled  Optionees)  following  cessation  of  such
relationship,  any option held by such  Optionee to the extent that the Optionee
would have been entitled to exercise such option,  no further vesting  occurring
after the date of death, may be exercised within one year after his or her death
by their  personal  representative  of his or her  estate  or by the  person  or
persons to whom the Optionee's  rights under the option shall pass by will or by
the applicable laws of descent and  distribution  but in any event,  options may
not be exercised any later than 10 years from the date of grant.

                                      -5-
<PAGE>

5.9      No Status as Shareholder

                  Neither  the  Optionee  nor any  party to whom the  Optionee's
rights  and  privileges  under the  option may pass shall be, or have any of the
rights or privileges of, a shareholder of the Company with respect to any of the
shares  issuable upon the exercise of any option  granted under this Plan unless
and until such option has been exercised.

5.10     Continuation of Employment

                  Nothing in this Plan or in any option granted pursuant to this
Plan shall  confer upon any  Optionee any right to continue in the employ of the
Company or of an  Affiliate,  or to  interfere  in any way with the right of the
Company or of any such  Affiliate to terminate  his or her  employment  or other
relationship with the Company at any time.

5.11     Modification and Amendment of Option

                  Subject to the terms and conditions and within the limitations
of this Plan, the Plan  Administrator  may modify or amend  outstanding  options
granted  under this Plan,  subject to the prior  approval of The  Toronto  Stock
Exchange.  The  modification  or amendment of an  outstanding  option shall not,
without the consent of the Optionee, impair or diminish any of his or her rights
or any of the obligations of the Company under such option.  Except as otherwise
provided in this Plan, no  outstanding  option shall be  terminated  without the
consent of the Optionee.

6        ADJUSTMENTS UPON CHANGES IN CAPITALIZATION

                  The aggregate number and class of shares for which options may
be  granted  under this  Plan,  the  number and class of shares  covered by each
outstanding  option and the exercise  price per share thereof (but not the total
price),  and each such  option,  shall all be  proportionately  adjusted for any
increase  or  decrease  in the  number of issued  Common  Shares of the  Company
resulting  from a  split-up  or  consolidation  of  shares  or any like  capital
adjustment, or the payment of any share dividend out of the ordinary course.

6.1      Effect of Liquidation or Reorganization

         (a)      Cash, Shares or Other Property for Shares

                  Except as provided in subsection b upon a merger (other than a
                  merger of the  Company in which the  holders of Common  Shares
                  immediately  prior to the merger  have the same  proportionate
                  ownership  of  Common  Shares  in  the  surviving  corporation
                  immediately after the merger),  consolidation,  acquisition of
                  property or stock,  separation,  reorganization  (other than a
                  mere  reincorporation or the creation of a holding company) or
                  liquidation  of  the  Company,   as  a  result  of  which  the
                  shareholders  of the Company,  receive  cash,  shares or other
                  property in exchange  for or in  connection  with their Common
                  Shares, any option granted hereunder shall terminate,  but the
                  Optionee  shall have the right  immediately  prior to any such
                  merger,  consolidation,  acquisition  of  property  or shares,
                  separation,  reorganization  or  liquidation  to exercise such
                  Optionee's  option to the extent the vesting  requirements set
                  forth in the option agreement have been satisfied.

                                      -6-
<PAGE>

         (b)      Conversion of Options on Shares for Share Exchange

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

6.2      Fractional Shares

                  In the event of any adjustment in the number of shares covered
by any option,  any fractional  shares  resulting from such adjustment  shall be
disregarded  and each such  option  shall  cover only the number of full  shares
resulting from such adjustment.

                                      -7-
<PAGE>

6.3      Determination of Board to Be Final

                  All Section 6 adjustments  shall be made by the Board, and its
determination  as to what  adjustments  shall be made,  and the extent  thereof,
shall be final, binding and conclusive.

7        SECURITIES REGULATION

                  Shares shall not be issued with  respect to an option  granted
under this Plan unless the exercise of such option and the issuance and delivery
of such shares  pursuant  thereto  shall comply with all relevant  provisions of
law,  including without  limitation the Securities Act (British  Columbia),  any
applicable  provincial and state  securities  laws,  the U.S.  Securities Act of
1933,  as amended,  the  Exchange  Act,  the rules and  regulations  promulgated
thereunder, and the requirements of any stock exchange upon which the shares may
then be listed,  and shall be further subject to the approval of counsel for the
Company  with  respect to such  compliance,  including  the  availability  of an
exemption from  registration for the issuance and sale of any shares  hereunder.
Inability of the Company to obtain from any regulatory body having jurisdiction,
the  authority  deemed by the  Company's  counsel to be necessary for the lawful
issuance and sale of any shares hereunder or the  unavailability of an exemption
from  registration  for the  issuance  and sale of any  shares  hereunder  shall
relieve the Company any liability in respect of the  nonissuance or sale of such
shares as to which such requisite authority shall not have been obtained.

                  As a condition to the  exercise of an option,  the Company may
require the Optionee to represent  and warrant at the time of any such  exercise
that the shares are being  purchased only for investment and without any present
intention  to sell or  distribute  such shares if, in the opinion of counsel for
the Company,  such a representation is required by any relevant provision of the
aforementioned laws. At the option of the Company, a stop-transfer order against
any shares may be placed on the official stock books and records of the Company,
and a legend  indicating  that the shares may not be pledged,  sold or otherwise
transferred  unless an opinion of counsel is provided  (concurred  in by counsel
for  the  Company)  stating  that  such  transfer  is  not in  violation  of any
applicable law or regulation,  may be stamped on share  certificates in order to
assure exemption from registration. The Plan Administrator may also require such
other action or agreement by the Optionees as may from time to time be necessary
to comply with the federal and state  securities  laws. THIS PROVISION SHALL NOT
OBLIGATE  THE  COMPANY  TO  UNDERTAKE  REGISTRATION  OF THE  OPTIONS  OR  SHARES
HEREUNDER.

                  Should  any of shares of the  Company of the same class as the
shares subject to options granted  hereunder be listed on a securities  exchange
or other  securities  trading  facility,  all  shares  issued  hereunder  if not
previously  listed on such  exchange or  facility  shall be  authorized  by that
exchange or facility for listing thereon prior to the issuance thereof.

8        AMENDMENT AND TERMINATION

8.1                        Board Action

                 The Board may at any time  suspend,  amend or  terminate  this
                  Plan,  subject  to,  in  the  case  of  amendments,   to  such
                  amendments  being  pre-cleared with The Toronto Stock Exchange
                  provided  that except as set forth in Section 6, the  approval
                  of the  holders of a  majority  of the  Company's  outstanding
                  voting  shares,  voting either in person or by proxy at a duly
                  held  shareholders'  meeting  is  necessary  within  12 months
                  before or after the  adoption  by the Board for any  amendment
                  which will:

                                      -8-
<PAGE>

         (a)      increase  the number of shares  that may be issued  under this
                  Plan;

         (b)      change  the  designation  of  the  participants  or  class  of
                  participants eligible for participation in this Plan; or

         (c)      otherwise  materially  increase the  benefits  accruing to the
                  participants under this Plan.

                  Any  amendment  made to this Plan  which  would  constitute  a
"modification"  to  incentive  stock  options  outstanding  on the  date of such
amendment,  shall not be applicable to such outstanding incentive stock options,
but shall have prospective effect only, unless the Optionee agrees otherwise.

8.2      Automatic Termination

                  Unless  sooner  terminated  by  the  Board,  this  Plan  shall
terminate ten years from the earlier of:

         (a)      the date on which this Plan is adopted by the Board; or

         (b) the date on which this Plan is approved by the  shareholders of the
Company.

No option may be granted after such termination or during any suspension of this
Plan. The amendment or  termination of this Plan shall not,  without the consent
of the option holder, alter or impair any rights or obligations under any option
theretofore granted under this Plan.

9        EFFECTIVENESS OF THIS PLAN

                  This Plan shall become effective upon adoption by the Board so
long as it is approved by the holders of a majority of the Company's outstanding
voting  shares at any time within 12 months before or after the adoption of this
Plan.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00001-of-00352.parquet"}]]