Common use of Option Plan Participation Clause in Contracts

Option Plan Participation. The Company granted to the Employee an option to acquire 400,000 Common shares of the Company at an exercise, price of CAD $0.75 per share in accordance with the terms of the Company's then-current Stock Option Plan (the "Plan”) and the rules and polices of the TSX Venture Exchange (the “Option”). The Option is governed by the terms and conditions of the Plan. The Company has provided a copy of the Plan to the Employee; by signing this Agreement, the Employee confirms that he has read and understands the Plan and agrees to the terms and conditions of the Plan, including the provision of the Plan relating to the accelerated termination of the Option resulting from the termination of this Agreement.

Option Plan Participation. The Company granted to the Employee an option Employee, in two separate grants in calendar 2006, options to acquire up to 400,000 Common shares of the Company at an exercise, exercise price of CAD $0.75 1.32 per share in accordance with the terms of the Company's ’s then-current Stock Option Plan (the "“Plan”) and the rules and polices of the TSX Venture Exchange (the “OptionOptions”). The Option is Options are be governed by the terms and conditions of the Plan. The Company has provided a copy of the Plan to the Employee; by signing this Agreement, the Employee confirms that he has read and understands the Plan and agrees to the terms and conditions of the Plan, including the provision of the Plan relating to the accelerated termination of the Option Options resulting from the termination of this Agreement.

Option Plan Participation. The Company granted to the Employee an option to acquire 400,000 Common shares of the Company at an exercise, exercise price of CAD $0.75 1.32 per share in accordance with the terms of the Company's ’s then-current Stock Option Plan (the "“Plan”) and the rules and polices of the TSX Venture Exchange (the “Option”). The Option is governed by the terms and conditions of the Plan. The Company has provided a copy of the Plan to the Employee; by signing this Agreement, the Employee confirms that he has read and understands the Plan and agrees to the terms and conditions of the Plan, including the provision of the Plan relating to the accelerated termination of the Option resulting from the termination of this Agreement.

Option Plan Participation. The Company granted to the Employee an option to acquire up to 400,000 Common shares of the Company at an exercise, exercise price of CAD $0.75 1.32 per share in accordance with the terms of the Company's ’s then-current Stock Option Plan (the "“Plan”) and the rules and polices of the TSX Venture Exchange (the “Option”). The Option is governed by the terms and conditions of the Plan. The Company has provided a copy of the Plan to the Employee; by signing this Agreement, the Employee confirms that he has read and understands the Plan and agrees to the terms and conditions of the Plan, including the provision of the Plan relating to the accelerated termination of the Option resulting from the termination of this Agreement.