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Sample Business Contracts

Option Agreement - Siden Investments Ltd. and Communicate.com Inc.

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                                OPTION AGREEMENT

BETWEEN:

          SIDEN INVESTMENTS LTD., a company having its principal business office
          at 1729 Acadia Road, Vancouver, BC, CANADA, V6T 1R2

          (the "Optionee")

AND:

          COMMUNICATE.COM, INC., a corporation incorporated under the laws of
          the State of Nevada, the United States of America, having a business
          address at 1300 - 1090 West Georgia Street, Vancouver, BC, CANADA, V6E
          3V7

          (the "Company")

RECITALS:

A. As an inducement for the Optionee to enter into a loan agreement (the "Loan
Agreement") dated October 10th, 2001 with the Company and its subsidiary,
Communicate.com, Inc., a corporation incorporated under the laws of Alberta,
Canada, the Company has agreed to grant the Optionee an option to subscribe for
and purchase shares in its capital as set forth below.

THEREFORE THIS AGREEMENT WITNESSES that in consideration of the premises and for
value received, the Company hereby grants the Optionee the option (the "Option")
to subscribe for and purchase 15,000,000 fully paid and non-assessable common
shares ("Common Shares") in the capital of the Company at a price of $0.01 per
share (the "Option Price") at any time prior to 4:30 p.m. (Vancouver Time) on
October 10th, 2004, (the "Expiry Time") upon the terms and conditions
hereinafter set forth.

1. This Option may be exercised by the Optionee, in whole or in part (but not as
to a fractional share) by delivery of a Notice of Exercise of Option in
substantially the form set out in Schedule "A" hereto. Payment of the Option
Price shall be tendered with the Notice of Exercise of Option and shall be (a)
by certified cheque payable to or to the order of the Company; (b) by set-off of
against the amount owed pursuant to the Loan Agreement; or (c) by a combination
of the foregoing, as designated in the Notice of Exercise of Option.

2. In the event of any exercise of the rights represented by this Option,
certificates for the Common Shares so purchased shall be delivered to the
Optionee within a reasonable time, not exceeding three business days after the
rights represented by this Option shall have been so exercised and, unless this
Option has expired, a new Option representing the number of Common Shares, if
any, with respect to which this Option shall not then have been exercised shall
also be issued to the Optionee within such time. This Option will be void if not
exercised prior to the Expiry Time.



<PAGE>


3. The Company covenants and agrees that all Common Shares which are issued upon
the exercise of this Option will, upon issuance, be fully paid and
non-assessable and free of all liens, charges and encumbrances. The Company
further covenants and agrees that during the period within which the rights
represented by this Option may be exercised, the Company will at all times have
authorized and reserved, a sufficient number of Common Shares to provide for the
exercise of the rights represented by this Option.

4. If the Company shall at any time while this Option is outstanding subdivide
its outstanding common shares into a greater number of shares, the Option Price
shall be proportionately reduced and the number of subdivided Common Shares
entitled to be purchased proportionately increased, and conversely, in case the
outstanding common shares of the Company shall be combined into a smaller number
of shares, the Option Price shall be proportionately increased and the number of
combined Common Shares entitled to be purchased hereunder shall be
proportionately decreased.

5. If any capital reorganization, reclassification or consolidation of the
capital stock of the Company, or the merger or amalgamation of the Company with
another corporation shall be effected while this Option is outstanding, then as
a condition of such reorganization, reclassification, consolidation, merger or
amalgamation, adequate provision shall be made whereby the Optionee shall have
the right to purchase and receive upon the basis and upon the terms and
conditions specified in this Option and in lieu of the Common Shares immediately
theretofore purchasable and receivable upon the exercise of the rights
represented hereby, such shares of stock, or other securities as may be issued
with respect to or in exchange for such number of outstanding Common Shares
equal to the number of Common Shares purchasable and receivable upon the
exercise of this Option had such reorganization, reclassification,
consolidation, merger or amalgamation not taken place. The Company shall not
effect any merger or amalgamation unless prior to or simultaneously with the
consummation thereof the successor corporation (if other than the Company)
resulting from such merger or amalgamation shall assume by written instrument
executed and mailed or delivered to the Optionee of this Option the obligation
to deliver to such Optionee such shares of stock or securities in accordance
with the foregoing provisions.

6.       In case at any time while this Option is outstanding:

          (d)  Company shall pay any dividend payable in stock upon its common
               shares or make any distribution to the holders of its Common
               Shares;

          (e)  the Company shall offer for subscription pro rata to the holders
               of its Common Shares any additional shares of stock of any class
               or other rights;

          (f)  there shall be any capital reorganization, or reclassification of
               the capital stock of the Company, or consolidation or merger or
               amalgamation of the Company with, or sale of all or substantially
               all of its assets to another corporation; or

          (g)  there shall be a voluntary or involuntary dissolution,
               liquidation or winding-up of the Company;

then, and in any one or more of such cases, the Company shall give to the
Optionee of this Option, at least twenty days prior written notice of the date
on which the books of the Company shall close or a record shall be taken for
such dividend, distribution or subscription rights, or for determining rights to
vote with respect to such reorganization, reclassification, consolidation,
merger, or amalgamation, dissolution, liquidation or winding-up and in the case
of any such reorganization, reclassification, consolidation, merger,
amalgamation, sale, dissolution, liquidation or winding-up, at least twenty (20)
days prior written notice of the date when the same shall take place. Such
notice in accordance with the foregoing clause, shall also specify, in the case
of any such dividend, distribution or subscription rights, the date on which the
holders of Common

                                       2

<PAGE>


Shares shall be entitled thereto, and such notice in accordance with the
foregoing shall also specify the date on which the holders of Common Shares
shall be entitled to exchange their Common Shares for securities or other
property deliverable upon such reorganization, reclassification, consolidation,
merger, amalgamation, sale, dissolution, liquidation or winding-up as the case
may be. Each such written notice shall be given by first class mail, registered
postage prepaid, addressed to the Optionee of this Option at the address of such
Optionee, as shown on the books of the Company.

7. As used herein, the term "Common Shares" shall mean and include the Company's
presently authorized common shares and shall also include any capital stock of
any class of the Company hereafter authorized which shall not be limited to a
fixed sum or percentage in respect of the rights of the holders thereof to
participate in dividends and in the distribution of assets upon the voluntary or
involuntary liquidation, dissolution or winding-up of the Company.

8. This Option shall not entitle the Optionee hereof to any rights as a
shareholder of the Company, including without limitation, voting rights.

9. Any notice or delivery or surrender of documents shall be valid and effective
if delivered personally or if sent by registered letter, postage prepaid, or if
electronically transmitted by facsimile transmission tested for reception prior
to use, addressed to the party to its address set out at the beginning of this
Agreement and shall be deemed to have been effectively given, received and made
on the date of personal delivery or on the fourth business day after the time of
mailing or upon actual receipt, whichever is sooner, or upon the day, other than
Saturday, Sunday, or statutory holiday, after the time of facsimile
transmission. In the case of disruption in postal services any notice, if
mailed, shall not be deemed to have been effectively given until it is
personally delivered. The Company or the Optionee may from time to time notify
the other in writing of a change of address.

10. All monetary references in this Agreement are in lawful currency of the
United States of America and all payments made under this Agreement shall be
made in such currency.

11. This Agreement shall be governed and construed by the laws of the Province
of British Columbia, including the laws of Canada applicable thereto, but
excepting any of its conflict of laws rules which would have the effect of
applying the laws of any other jurisdiction. The parties further agree that the
courts of British Columbia shall have exclusive jurisdiction over all disputes
relating to this Agreement.

12.  Time shall be of the essence hereof.

IN WITNESS WHEREOF the Company has caused this Option to be signed by its duly
authorized officers under its corporate seal, and this Option to be dated


SIDEN INVESTMENTS LTD.                       COMMUNICATE.COM, INC.


Per:                                         Per:
       -----------------------------                ----------------------------
         Authorized Signatory                         Authorized Signatory


                                       3
<PAGE>


                                   SCHEDULE A
                          NOTICE OF EXERCISE OF OPTION

TO:      COMMUNICATE.COM, INC.
         1300 - 1090 West Georgia Street
         Vancouver, BC
         V6E 3V7

THE UNDERSIGNED, the Optionee of the within Option Agreement, subscribes for
________________ of the common shares referred to in the said Option Agreement
at according to the conditions thereof, and herewith makes payment of
$_________________________ as follows:

          (a)  by set off against the amount owing under pursuant to the Loan
               Agreement (as described in the Option Agreement) in the amount of
               $_____________________________________________________; and

          (b)  the sum of $ ________________ by way of certified cheque enclosed
               herewith.


All

The undersigned hereby directs that the shares hereby subscribed for be issued
and delivered as follows:


-----------------------------------------
NAME(S) IN FULL


-----------------------------------------
ADDRESS(ES)


-----------------------------------------


-----------------------------------------



-----------------------------------------
NO. OF SHARES


DATED this ______ day of _________________, 200   .
                                               ---