0001078782-04-000201 Sample Contracts

COMBINED INCENTIVE AND NONQUALIFIED STOCK OPTION AGREEMENT
Combined Incentive and Nonqualified Stock Option Agreement • July 23rd, 2004 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia

WHEREAS, Global Precision Medical Inc., a Wyoming corporation (the "Company"), believes that it is in the best interests of the Company to make its stock available to selected employees, directors, consultants or independent contractors of or to the Company or any of its present or future parent or subsidiary corporations or to any other person providing good and valuable consideration to the Company, as an inducement to maintain the initial and/or continuing participation of <<FirstName>> <<LastName>> (the "Optionee") within the Company; and

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OFFSHORE RESTRICTED SECURITIES SUBSCRIPTION AGREEMENT
Offshore Restricted Securities Subscription Agreement • July 23rd, 2004 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels) • Wyoming

This Agreement is executed in reliance upon the transaction exemption afforded by Regulation S ("Regulation S") as promulgated by the Securities and Exchange Commission ("SEC"), under the Securities Act of 1933, as amended, (the "1933 Act").

CONSULTANT COMPENSATION AGREEMENT
Consultant Compensation Agreement • July 23rd, 2004 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia

THIS CONSULTANT COMPENSATION AGREEMENT (the "Agreement") is made this 27th day of October 2003, between Global Precision Medical Inc., a British Columbia company ("GPMI"), having its address at 536 – 1489 Marine Drive, West Vancouver B.C., V7T 1B8, and Gregory J. Ledding (“GJL”) having an address at 314 – 850 West Hastings Street, Vancouver, BC, V6C 1E1, Canada, who has executed and delivered this Agreement by the execution and delivery of the Counterpart Signature Page which is designated as Exhibit "A".

CONSORTIUM LETTER OF UNDERSTANDING
Consortium Letter of Understanding • July 23rd, 2004 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels)

GLOBAL MEDICAL SCIENCES LIMITED, a Barbados corporation having its principal place of business at WhitePark House, WhitePark Road, Barbados (“GMS”)

CONSULTING AGREEMENT
Consulting Agreement • July 23rd, 2004 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia

WITNESSES that, in consideration of the mutual covenants and agreements contained herein and for good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by each of the parties), the parties hereto covenant and agree each with the other as follows:

SERVICES AGREEMENT
Services Agreement • July 23rd, 2004 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia

GLOBAL PRECISION MEDICAL INC. a corporation having a place of business at #536 – 1489 Marine Drive, West Vancouver, British Columbia V7T 1B8 (the “Company”)

CONSULTING AGREEMENT
Consulting Agreement • July 23rd, 2004 • Global Precision Medical Inc • Mining & quarrying of nonmetallic minerals (no fuels) • British Columbia

WITNESSES that, in consideration of the mutual covenants and agreements contained herein and for good and valuable consideration (the receipt and sufficiency of which is hereby acknowledged by each of the parties), the parties hereto covenant and agree each with the other as follows:

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