0000912282-06-000408 Sample Contracts

OPTION AGREEMENT
Option Agreement • May 1st, 2006 • Qsound Labs Inc • Patent owners & lessors

OPTION AGREEMENT dated this 29th day of June, 2005 between QSound Labs, Inc., a body corporate, continued under the laws of the Province of Alberta, having its head office at 400 – 3115 12th Street NE, Calgary, AB T2E 7J2 (the “Company”) and M. Patty Chakour, 5742 E. LeMarche Avenue, Scottsdale, AZ 85254 (the “Optionee”);

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OPTION AGREEMENT
Option Agreement • May 1st, 2006 • Qsound Labs Inc • Patent owners & lessors

OPTION AGREEMENT dated this 9th day of November, 2005 between QSound Labs, Inc., a body corporate, continued under the laws of the Province of Alberta, having its head office at 400 – 3115 12th Street NE, Calgary, AB T2E 7J2 (QSound Labs, Inc. and its subsidiaries and affiliated companies are collectively and individually “Company”) and Shawn Richards (the “Optionee”);

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