5% Uses in Granting of Options Clause

Granting of Options from Stock Option Plan

Amendments to the Restated 1998 Key Employee Stock Option Plan (in effect as of the 19th day of April 2001) have been approved by the Board of Directors of the Corporation as of February 12th, 2003, subject to approval of the Shareholders and the Toronto Stock Exchange. These amendments have been integrated with the remnant of the Plan to form the Restated 1998 Key Employee Stock Option Plan, the text of which is as follows:

Granting of Options. Options are to be granted by the Board on a periodic basis to key employees and directors of SRT and its subsidiaries, at the discretion of the Board. No more than four million, five hundred thousand (4,500,000) common shares may be issued under the Plan provided, however, the number of shares reserved for issuance to any one person pursuant to options granted may not exceed five (5%) per cent of the outstanding issue and no share shall be reserved for issue pursuant to any option granted to a Director of the Corporation if the effect of such reservation would increase the number of shares reserved pursuant to all grants of options to Directors in the aggregate, including any shares reserved for issue and issued pursuant to any option previously granted and exercised (but expressly excluding shares reserved under any grant of option, made before or after the establishment of the Plan, to a Director who, at the time of such grant, was a member of the management or professional staff of the Corporation or a subsidiary thereof, and received the grant on that basis) to a number in excess of 5% (percent) values">0.25% of the total number of shares then issued and outstanding. provided, however, the number of shares reserved for issuance to any one person pursuant to options granted may not exceed five (5%) per cent of the outstanding issue and no share shall be reserved for issue pursuant to any option granted to a Director of the Corporation if the effect of such reservation would increase the number of shares reserved pursuant to all grants of options to Directors in the aggregate, including any shares reserved for issue and issued pursuant to any option previously granted and exercised (but expressly excluding shares reserved under any grant of option, made on or after the establishment of the Plan, to a Director who, at the time of such grant, was a member of the management or professional staff of the Corporation or a subsidiary thereof, and received the grant on that basis) to a number in excess of 0.25% of the total number of shares then issued and outstanding.