Contract

EXHIBIT 4 RAVEN MOON ENTERTAINMENT, INC. 2005 EQUITY AMENDED AND RESTATED COMPENSATION PLAN Raven Moon Entertainment, Inc., a Florida corporation (the "Company"), as of this 3rd day of August, 2006, adopts its 2005 Amended and Restated Equity Compensation Plan (the "Plan"), originally adopted February 4, 2005. Under the Plan, the Company may issue shares of the Company's common stock or grant options to acquire the Company's common stock, par value $0.0001 (the "Stock"), from time to time to employees, officers, consultants or advisors of the Company or any of the Company's subsidiaries, all on the terms and conditions set forth herein. In addition, at the discretion of the Board of Directors, Shares may from time to time be granted under this Plan to individuals, including consultants or advisors, who contribute to the success of the Company or any of its subsidiaries, provided that bona fide services shall be rendered by consultants and advisors, and such services must not be in connection with the offer or sale of securities in a capital-raising transaction. Grants of incentive or non-qualified stock options and stock awards, or any combination of the foregoing, may be made under the Plan. 1. Purpose of the Plan. ------------------- The Plan is intended to aid the Company in rewarding those individuals who have contributed to the success of the Company or any of the Company's subsidiaries. The Company has designed this Plan to permit the Company to reward those individuals who the management perceives to have contributed to the success of the Company or any of the Company's subsidiaries, or who are important to the continued business and operations of the Company or its subsidiaries. The above goals will be achieved through the granting of Shares. 2. Administration of this Plan. --------------------------- Administration of this Plan shall be determined by the Company's Board of Directors (the "Board"). Subject to compliance with applicable provisions of the governing law, the Board may delegate administration of this Plan or specific administrative duties with respect to this Plan on such terms and to such committees of the Board as it deems proper (hereinafter the Board or its authorized committee shall be referred to as "Plan Administrators"). The interpretation and construction of the terms of this Plan by the Plan Administrators thereof shall be final and binding on all participants in this Plan absent a showing of demonstrable error. No member of the Plan Administrators shall be liable for any action taken or determination made in good faith with respect to this Plan. Any shares approved by a majority vote of those Plan Administrators attending a duly and properly held meeting shall be valid. Any shares approved by the Plan Administrators shall be approved as specified by the Board at the time of delegation. 3. Shares of Stock Subject to this Plan. ------------------------------------ The total number of shares issued pursuant to this Plan shall not exceed 30,000,000,000 shares. If any right to acquire Stock granted under this Plan is exercised by the delivery of shares of Stock or the relinquishment of rights to shares of Stock, only the net shares of Stock issued (meaning the shares of stock issued less the shares of Stock surrendered) shall count against the total number of shares reserved for issuance under the terms of this Plan. 1 4. Reservation of Stock on Granting of Rights. ------------------------------------------ At the time any right is granted under the terms of this Plan, the Company will reserve for issuance the number of shares of Stock subject to such right until that right is exercised or expires. The Company may reserve either authorized but unissued shares or issued shares reacquired by the Company. 5. Eligibility. ----------- The Plan Administrators may grant shares or grant options to acquire shares of the Company's common stock to employees, officers, advisors or consultants of the Company or its subsidiaries, provided that such individuals render bona fide services to the Company or any of its subsidiaries and such services are not rendered in connection with the offer or sale of securities in a capital-raising transaction. In any case, the Plan Administrators shall determine, based on the foregoing limitations and the Company's best interests, which consultants and advisors are eligible to participate in this Plan. Shares shall be in the amounts, and shall have the rights and be subject to the restrictions, as may be determined by the Plan Administrators, all as may be within the provisions of this Plan. 6. Terms of Grants and Certain Limitations on Right to Exercise. ------------------------------------------------------------ a. Each right to shares may have its terms established by the Plan Administrators at the time the right is granted. b. The terms of the right, once it is granted, may be reduced only as provided for in this Plan and under the express written provisions of the grant. c. Unless otherwise specifically provided by the written provisions of the grant or required by applicable disclosure or other legal requirements promulgated by the Securities and Exchange Commission ("SEC"), no participant of this Plan or his or her legal representative, legatee, or distributee will be, or shall be deemed to be, a holder of any shares subject to any right unless and until such participant exercises his or her right to acquire all or a portion of the Stock subject to the right and delivers any required consideration to the Company in accordance with the terms of this Plan and then only as to the number of shares of Stock acquired. Except as specifically provided in this Plan or as otherwise specifically provided by the written provisions of any grant, no adjustment to the exercise price or the number of shares of Stock subject to the grant shall be made for dividends or other rights for which the record date is prior to the date on which the Stock subject to the grant is acquired by the holder. d. Rights shall vest and become exercisable at such time or times and on such terms as the Plan Administrators may determine at the time of the grant of the right. e. Grants may contain such other provisions, including further lawful restrictions on the vesting and exercise of the grant as the Plan Administrators may deem advisable. f. In no event may a grant be exercised after the expiration of its term. g. Grants shall be non-transferable, except by the laws of descent and distribution. 7. Exercise Price. -------------- The Plan Administrators shall establish the exercise price payable to the Company for shares to be obtained pursuant to any purchase options which exercise price may be amended from time to time as the Plan Administrators shall determine. 2 8. Payment of Exercise Price. ------------------------- The exercise of any option shall be contingent on receipt by the Company of the exercise price paid in either cash, certified or personal check payable to the Company. 9. Dilution or Other Adjustment. ---------------------------- The shares of Common Stock subject to this Plan and the exercise price of outstanding options are subject to proportionate adjustment in the event of a stock dividend on the Common Stock or a change in the number of issued and outstanding shares of Common Stock as a result of a stock split, consolidation, or other re-capitalization. The Company, at its option, may adjust the grants and rights made hereunder, issue replacements, or declare grants void. 10. Options to Foreign Nationals. ---------------------------- The Plan Administrators may, in order to fulfill the purpose of this Plan and without amending this Plan, grant Options to foreign nationals or individuals residing in foreign countries that contain provisions, restrictions, and limitations different from those set forth in this Plan and the Options made to United States residents in order to recognize differences among the countries in law, tax policy, and custom. Such grants shall be made in an attempt to give such individuals essentially the same benefits as contemplated by a grant to United States residents under the terms of this Plan. 11. Listing and Registration of Shares. ---------------------------------- Each grant shall be subject to the requirement that if at any time the Plan Administrators shall determine, in their sole discretion, that it is necessary or desirable to list, register, or qualify the shares covered thereby on any securities exchange or under any state or federal law, or obtain the consent or approval of any governmental agency or regulatory body as a condition of, or in connection with, the granting of such rights or the issuance or purchase of shares thereunder, such right may not be exercised in whole or in part unless and until such listing, registration, consent, or approval shall have been effected or obtained free of any conditions not acceptable to the Plan Administrators. 12. Expiration and Termination of this Plan. --------------------------------------- This Plan may be abandoned or terminated at any time by the Plan Administrators except with respect to any rights then outstanding under this Plan. This Plan shall otherwise terminate on the earlier of the date that is five years from the date first appearing in this Plan or the date on which the 30,000,000,000th share is issued hereunder. ATTEST: /s/ Joey DiFrancesco - ---------------------------------- Joey DiFrancesco, President 3