0001137171-04-000882 Sample Contracts

OPTION AGREEMENT
Option Agreement • July 2nd, 2004 • Qsound Labs Inc • Patent owners & lessors

OPTION AGREEMENT dated this 1st day of April, 2004 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 Joanna Varvos (the “Optionee");

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OPTION AGREEMENT
Option Agreement • July 2nd, 2004 • Qsound Labs Inc • Patent owners & lessors

OPTION AGREEMENT dated this 1st day of April, 2003 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 Yoram Arbel, 807 Trenton Drive, Sunnyvale, CA 94087 (the “Optionee");

OPTION AGREEMENT
Option Agreement • July 2nd, 2004 • Qsound Labs Inc • Patent owners & lessors

OPTION AGREEMENT dated this 1st day of April, 2003 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 Yoram Arbel, 807 Trenton Drive, Sunnyvale, CA 94087 (the “Optionee");

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