Approved by the Board of Directors on
November 23, 2006 and approved by the Members at
the Annual General Meeting held on November 23, 2006
ADDENDUM - INCENTIVE SHARE OPTION PLAN
ADDENDUM TO STOCK OPTION PLAN
THIS ADDENDUM dated effective as of the 3rd day of December, 2007
Add a new sub-section to Section 2.4 Exercise of Options to the Plan as follows:
Exercise of Options
If an independent arms length third party completes a takeover bid, or otherwise acquires, over 70% of the issued and outstanding shares of the Corporation, all Options shall immediately become vested and may thereupon be exercised in whole or in part by the Participant.
All of the capitalized terms not defined herein shall bear the meaning assigned thereto in the Plan.