Document:

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                                                                    EXHIBIT 10.9

                   TRANSFER AGENCY AND REGISTRARSHIP AGREEMENT

Memorandum of Agreement, made as of the 8th day of September, 1998.

BETWEEN:                     INZECO HOLDINGS INC.
                             an Alberta Corporation

                             [hereinafter referred to as the "Issuer"]

AND:                         EQUITY TRANSFER SERVICES, INC.
                             Suite 420, Richmond Adelaide Centre
                             120 Adelaide Street West
                             Toronto, Ontario
                             Canada, MSH 4C3

                             [hereinafter referred to as "Equity"]

IT IS AGREED AND COVENANTED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:

1.       The "Issuer" having by resolution of its directors appointed "Equity"
         as Dividend Disbursing Agent, Transfer Agent and Registrar in Toronto
         of its shares, "Equity" accepts such appointment upon the terms
         hereinafter mentioned.

2.       "Equity" shall keep at its office in Toronto the "Issuer's" share
         ledger, register and branch registers of transfers and share
         certificates, and subject to such general and particular instructions
         as may from time to time be given to it by or under the authority of
         the Board of Directors of the "Issuer", "Equity" shall:

         (a)      make such entries from time to time in the books as may be
                  necessary in order that the accounts of each shareholder of
                  the "Issuer" may be properly and accurately kept and transfers
                  of shares properly recorded; and

         (b)      countersign and issue share certificates to the shareholders
                  entitled thereto representing the shares held or transferred
                  to them respectively.

3.       "Equity" shall disburse dividends which may be declared from time to
         time on the shares of the "Issuer" and "Equity" is hereby authorized
         and directed to pay such dividends after receipt at its principal
         office of a certified copy of the resolution of the board of directors
         of the "Issuer" declaring such dividends.

4.       The "Issuer" shall lodge with "Equity" certified specimens of the
         signatures of the Directors and/or Officers of the "Issuer" who are
         authorized to sign share certificates and other documents. The "Issuer"
         undertakes to provide "Equity" with all possible assistance in
         identifying the signatures of shareholders so that "Equity" may be in a
         position to guard against illegal transfers.

                                      -1-
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5.       "Equity: may act upon any signature, certificate or other document
         believed by it to be genuine and to have been signed by the proper
         person or persons, or refuse to transfer share certificate if it is not
         satisfied as to the propriety of the requested transfer and, in so
         doing, "Equity" shall be held harmless by the "Issuer" from all
         liability and expense if it acted in good faith.

6.       It shall not be the duty of "Equity" to pass on the validity of
         transfers of shares owing to death, transfers by parents or guardians,
         powers of attorney, transfers of replacements of share certificates
         lost, stolen, mutilated or destroyed, etc., and it is hereby authorized
         at "Equity's" discretion, to refer all documents relating to such
         transfers to the solicitors of the "Issuer", Stikeman Graham & Keeley,
         at the expense of the "Issuer", and "Equity" shall be entitled to rely
         absolutely upon their opinion.

7.       Upon receipt of notice from the "Issuer" or from any shareholder that a
         certificate has become lost, stolen or destroyed, "Equity" agrees to
         place an appropriate notation on the register of shareholders to act in
         accordance with the instructions of the "Issuer" in the issuance of
         share certificates in substitution therefor.

8.       "Equity" may from time to time refer any legal questions which may rise
         in connection with the performance of its duties hereunder to counsel
         for the "Issuer", at the expense of the "Issuer", or to its own counsel
         for an opinion thereon and shall be entitled to rely absolutely on such
         opinion.

9.       The "Issuer" agrees that it will promptly furnish to "Equity" from time
         to time copies of all constating documents, amendments thereto and of
         all relevant by-laws and resolutions relating to the creation,
         amendment, allotment and issuance of shares of the "Issuer".

10.      All share certificates surrendered to "Equity" on any transfer of
         shares or on exchanges of certificates in respect to any change in or
         reorganization of capital shall be canceled by "Equity" and held by it
         for a period of six years. "Equity" shall not be required to hold such
         certificates after the expiry of such period, unless otherwise
         instructed by the "Issuer". In the event "Equity" is required to
         destroy any such certificates, the "Issuer" shall reimburse "Equity"
         for the cost thereof.

11.      "Equity" agrees to faithfully carry out and perform its duties
         hereunder, and upon the termination hereof to deliver over to the
         "Issuer" the said books and any documents and papers connected
         therewith or with the business of the "Issuer" transacted hereunder,
         against a receipt by the "Issuer".

12.      "Equity" shall be fully protected and held harmless by the "Issuer" in
         all cases where "Equity" has acted in accordance with the "Issuer's"
         instructions. The "Issuer" shall indemnify and save "Equity" harmless
         from and against all losses, claims, costs, damages and liabilities
         caused by or arising directly or indirectly by reason of "Equity's"
         discharge of its duties as Transfer Agent and Registrar, save and
         except any of the foregoing arising from "Equity's" gross negligence,
         recklessness or wilful misconduct.

13.      This agreement shall be governed by and construed in accordance with
         the laws of the Province of Ontario and the laws of Canada applicable
         therein and the parties hereby attorn to the jurisdiction of the courts
         of the Province of Ontario.

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14.      "Equity's" fees for the above mentioned services shall be those in
         effect from time to time in accordance with its tariff of fees which is
         subject to revision during the term of this agreement.
         The current rates are shown on the accompanying Schedule "A".

15.      This Agreement may be terminated by either party on three months'
         notice in writing being given to the other at the address set out above
         or at such other address of which notice has been given. This Agreement
         may be terminated by "Equity" on one week's notice in writing to the
         "Issuer" in the event the "Issuer" refuses or fails to pay an invoice
         for fees and expenses, or other demand for payment issued or made
         pursuant to this Agreement by "Equity", within 60 days of the original
         invoice or demand. Upon termination of this Agreement and upon payment
         by the "Issuer" to "Equity" of all moneys owing to "Equity" hereunder,
         "Equity" shall deliver to the "Issuer" the registers and ledgers
         maintained by it hereunder and any documents connected therewith or
         with the business of the "Issuer" transacted hereunder.

IN WITNESS WHEREOF, this Agreement has been duly executed by the parties at
Toronto, the day and year first above written.

                             INZECO HOLDINGS INC.

                             Per:     /s/ Warren Arseneau
                                      ---------------------------------
                             Name:    Warren Arseneau
                                      ---------------------------------
                             Office:  President
                                      ---------------------------------

                             Per:     /s/ Robert Stikeman
                                      ---------------------------------
                             Name:    Robert Stikeman
                                      ---------------------------------
                             Office:  Secretary
                                      ---------------------------------

                             EQUITY TRANSFER SERVICES INC.

                             Per:     /s/ P. Lindemann
                                      ---------------------------------
                             Name:    P. Lindemann
                                      ---------------------------------
                             Office:  President
                                      ---------------------------------

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                                                                     EXHIBIT "A"

"BE IT RESOLVED THAT:

1.       Equity Transfer Services Inc., hereinafter referred to as "Equity", at
         its office in the City of Toronto be and it is hereby appointed
         Transfer Agent and Registrar for the shares in the capital stock of the
         Company; and

2.       The Transfer Agent and Registrarship Agreement (the "Agreement") made
         as of the 8th day of September, 1998, between Equity and under which
         Equity will provide the Issuer with transfer and registrar services be
         hereby approved; and

3.       The Directors and/or proper Officers of the Issuer be and they are
         hereby authorized to execute the Agreement and are authorized to do all
         acts and things and to execute and deliver all documents or instruments
         in writing as may be considered necessary or desirable to carry out the
         terms of these resolutions".

                                     ******

CERTIFIED to be a true copy of a Resolution passed by the Board of Directors of
INZECO HOLDINGS INC. and which Resolution is in full force and effect as of the
date hereof.

                                          /s/ Robert Stikeman
                                          ----------------------------------
                                                      Secretary

                                      -4-
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                            CERTIFICATE OF INCUMBENCY

                                                              September 8, 1998

EQUITY TRANSFER SERVICES INC.
Suite 420, Richmond Adelaide Centre
120 Adelaide Street West
Toronto, Ontario
Canada  MSH 4C3

I, WARREN ARSENEAU, of the City of BURLINGTON, in the Province of ONTARIO,
certify that:

1.       I am the President of INZECO HOLDINGS INC.

2.       The following is a list of Officers with their signatures who are
         qualified to sign documents and other instruments for: INZECO HOLDINGS
         INC.

         Warren Arseneau           President                 /s/ Warren Arseneau
         -------------------       -------------             -------------------
               Name                   Position                    Signature

         Robert Stikeman           Secretary                 /s/ Robert Stikeman
         -------------------       -------------             -------------------
               Name                   Position                    Signature

                                                    INZECO HOLDINGS INC.

                                                    Per:     /s/ Warren Arseneau
                                                             -------------------

                                      -5-
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                         LIST OF OFFICERS AND DIRECTORS

                                                              September 8, 1998

EQUITY TRANSFER SERVICES INC.
Suite 420, Richmond Adelaide Centre
120 Adelaide Street West
Toronto, Ontario
Canada  MSH 4C3

Dear Sirs:

I HEREBY CERTIFY that the Directors of the Corporation are:

                  Warren Arseneau
                  Martin Beck
                  Michael Boyd
                  Robert Stikeman
                  Roger Short

I further certify that the following are the Officers of the Corporation:

                  President                          -        Warren Arseneau
                  Secretary/Treasurer                -        Robert Stikeman
                  Chief Executive Officer            -        Roger Short

                                            INZECO HOLDINGS INC.

                                            Per:     /s/ Warren Arseneau
                                                     --------------------------
                                                     President

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                                                                   EXHIBIT 10.10

                              INZECO HOLDINGS INC.
                                STOCK OPTION PLAN
                (AS AMENDED NOVEMBER 23, 1998, NOVEMBER 22, 1999
                              AND NOVEMBER 9, 2000)

                                   1. PURPOSE

                  The purpose of the Stock Option Plan (the "Plan") of INZECO
HOLDINGS INC. (the "Corporation") is to advance the interests of the
Corporation and each subsidiary of the Corporation (as that term is defined in
subsection 2(4) of the Business Corporations Act (Alberta), as such provision
is from time to time amended, varied or re-enacted) (a "Subsidiary") by
encouraging the directors, officers, management, consultants and employees of
the Corporation and its Subsidiaries to acquire shares in the Corporation,
thereby increasing their proprietary interest in the Corporation, encouraging
them to remain associated with the Corporation and its Subsidiaries and
furnishing them with additional incentive in their efforts on behalf of the
Corporation and its Subsidiaries.

                                2. ADMINISTRATION

                  The Plan shall be administered by the board of directors of
the Corporation. A majority of the board of directors shall constitute a
quorum, and the acts of a majority of the directors present at any meeting at
which a quorum is present, or acts unanimously approved in writing, shall be
the acts of the directors.

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

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                                       2

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

                            3. SHARES SUBJECT TO PLAN

                  Subject to adjustment as provided in Section 14 hereof, the
shares to be offered under the Plan shall consist of shares of the
Corporation's authorized but unissued common shares. From and after the date
the Corporation's shares are listed on a stock exchange, the aggregate number
of shares to be delivered upon the exercise of all options granted under the
Plan shall not exceed 3,500,000 common shares. If any option granted hereunder
shall expire or terminate for any reason without having been exercised in full,
the unpurchased shares subject thereto shall again be available for the purpose
of this Plan.

                      4. MAINTENANCE OF SUFFICIENT CAPITAL

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

                        5. ELIGIBILITY AND PARTICIPATION

                  Directors, officers, management, consultants under written
contract to the Corporation who provide significant time and attention to the
affairs and business of the Corporation and employees of the Corporation and
its Subsidiaries shall be eligible for selection to participate in the Plan
(such persons hereinafter collectively referred to as "Participants"). The
board of directors shall determine to whom options shall be granted, the terms
and provisions of the respective option agreements, the time or times at which
such options shall be granted, and the number of shares to be subject to each
option. An individual who has been granted an option may, if he is otherwise
eligible, and if permitted under

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                                        3

the policies of the stock exchange or stock exchanges on which the shares of
the Corporation are to be listed, be granted an additional option or options if
the directors shall so determine.

                                6. EXERCISE PRICE

         The exercise price of the shares covered by each option shall be
determined by the directors. The exercise price shall be not less than the
price permitted by the policy or policies of the stock exchange or stock
exchanges on which the shares of the Corporation are listed.

                          7. NUMBER OF OPTIONED SHARES

                  The number of shares subject to an option to a Participant
shall be determined in the resolution of the board of directors, but from and
after the date the Corporation's shares are listed on a stock exchange, no
Participant shall be granted an option which exceeds 5% of the issued and
outstanding shares of the Corporation at the time of granting of the option.

                              8. DURATION OF OPTION

                  Each option and all rights thereunder shall be expressed to
expire on the date set out in the option agreements and shall be subject to
earlier termination as provided in paragraphs 10 and 11.

                    9. OPTION PERIOD, CONSIDERATION AND PAYMENT

         (a)      The period within which such option shall be exercised (the
                  "Option Period") shall be a period of time fixed by the board
                  of directors, not to exceed five (5) years from the date the
                  option is granted, provided that the Option Period shall be
                  reduced with respect to any option as provided in Sections 10,
                  11 and 14.

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         (b)      An option shall vest and may be exercised (in each case to the
                  nearest full share) during the Option Period in such manner as
                  the board of directors may fix by resolution. Options which
                  have vested may be exercised in whole or in part at any time
                  and from time to time during the Option Period. To the extent
                  required by any stock exchange or stock exchanges on which the
                  shares of the Corporation are listed, no option may be
                  exercised under this Plan until this Plan has been approved by
                  a resolution duly passed by the shareholders of the
                  Corporation.

         (c)      Except as set forth in Sections 10 and 11, no option may be
                  exercised unless the Participant is at the time of such
                  exercise a director, officer, manager, consultant or employee
                  of the Corporation or a Subsidiary; except in the case of a
                  consultant, where the Option has been granted for a specific
                  service, the Option may be exercised only upon completion of
                  that service.

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

          10. CEASING TO BE A DIRECTOR, OFFICER, MANAGER OR EMPLOYEE

                  If a Participant shall cease to be a director, officer,
manager, consultant or employee of the Corporation or a Subsidiary for any
reason (other than death), he may but only within 90 days next succeeding his
ceasing to be a director, officer, manager, consultant or employee, exercise his

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option to the extent that he was entitled to exercise it at the date of such
cessation.

                  Nothing contained in the Plan, nor in any option granted
pursuant to the Plan, shall as such confer upon any Participant any right with
respect to continuance as a director, officer, manager, consultant or employee
of the Corporation or of any Subsidiary or affiliate.

                            11. DEATH OF PARTICIPANT

                  In the event of the death of a Participant, the option
previously granted to him shall be exercisable only within the twelve (12)
months next succeeding such death and then only:

         (a)      by the person or persons to whom the Participant's rights
                  under the Option shall pass by the Participant's will or the
                  laws of descent and distribution; and

         (b)      if and to the extent that he was entitled to exercise the
                  option at the date of his death.

                             12. RIGHTS OF OPTIONEE

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

                        13. PROCEEDS FROM SALE OF SHARES

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

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                                        6

                                 14. ADJUSTMENTS

                  In the event that the outstanding shares of the Corporation
are changed into or exchanged for a different number or kind of shares or other
securities of the Corporation, or in the event that there is a reorganization,
amalgamation, consolidation, subdivision, reclassification, dividend payable in
capital stock or other change in the capital stock of the Corporation, then
each Participant holding an option shall thereafter upon the exercise of the
option granted to him, be entitled to receive, in lieu of the number of shares
to which the Participant was theretofore entitled upon such exercise, the kind
and amount of shares or other securities or property which the Participant
would have been entitled to receive as a result of any such event if, on the
effective date thereof. the Participant had been the holder of the shares to
which he was theretofore entitled upon such exercise.

                  In the event the Corporation proposes to amalgamate, merge or
consolidate with any other corporation (other than with a wholly-owned
subsidiary of the Corporation) or to liquidate, dissolve or wind-up, or in the
event an offer to purchase the shares of the Corporation or any part thereof
shall be made to all holders of shares of the Corporation, the Corporation
shall have the right, upon written notice thereof to each Participant, to
require the exercise of the option granted within the thirty (30) day period
next following the date of such notice and to determine that upon such thirty
(30) day period, all rights of the Participant to exercise same (to the extent
not theretofore exercised) shall ipso facto terminate and cease to have any
further force or effect whatsoever.

                               15. TRANSFERABILITY

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

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                      16. AMENDMENT AND TERMINATION OF PLAN

                  The board of directors may, at any time, suspend or terminate
the Plan. The board may also at any time amend or revise the terms of the Plan,
PROVIDED that no such amendment or revision shall alter the terms of any
options theretofore granted under the Plan.

                             17. NECESSARY APPROVALS

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

                            18. STOCK EXCHANGE RULES

                  The rules of any stock exchange upon which the Corporation's
Shares are listed shall be applicable relative to options granted to
Participants.

                           19. EFFECTIVE DATE OF PLAN

                  The Plan has been adopted by the board of directors of the
Corporation subject to the approval of the stock exchange or stock exchanges on
which the Shares of the Corporation are to be listed and, if so approved, the
Plan shall become effective upon such approvals being obtained.

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                                        8

                               20. INTERPRETATION

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

         IN WITNESS WHEREOF the Corporation has caused its corporate seal to be
affixed hereto in the presence of its officers duly authorized in that behalf
as of the 22nd day of November, 1999.

                                       INZECO HOLDINGS INC.

                                       Per: /s/Robert Stikeman
                                            --------------------
                                            Secretary

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