0001062993-06-000764 Sample Contracts

DIRECTOR / OFFICER NON-QUALIFIED STOCK OPTION AGREEMENT OF TERRACE VENTURES INC. A Nevada Corporation

Non-Qualified Stock Option Agreement • March 22nd, 2006 • Terrace Ventures Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Nevada

• Contract Type
  Non-Qualified Stock Option Agreement
• Filed
  March 22nd, 2006
• Company
  Terrace Ventures Inc
• Industry
  Mining & quarrying of nonmetallic minerals (no fuels)
• Jurisdiction
  Nevada

THIS AGREEMENT is made between TERRACE VENTURES INC., a Nevada corporation (hereinafter referred to as the "Company"), and HOWARD THOMSON of 4734 S. Golf Course Drive Blaine, WA 98230 (hereinafter referred to as the “Optionee”), a director or officer of the Company, effective as of the 21st day of March, 2006.

MANAGEMENT CONSULTANT AGREEMENT

Management Consultant Agreement • March 22nd, 2006 • Terrace Ventures Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Washington

• Contract Type
  Management Consultant Agreement
• Filed
  March 22nd, 2006
• Company
  Terrace Ventures Inc
• Industry
  Mining & quarrying of nonmetallic minerals (no fuels)
• Jurisdiction
  Washington

This Management Consultant Agreement (the "Agreement") is made and entered into effective as of the 21st day of March, 2006 (the "Effective Date"), between TERRACE VENTURES INC., a Nevada corporation, (the "Company") and HOWARD THOMSON (the “Consultant”).