P rior Option Plan and Management Share Sale R estrictions The Company has issued options to certain of its employees pursuant to the P rior Option Plan. There are 1,048,000 such options that may be exercised for Common Shares on a one-for-one basis. All such options, other than 524,000 options that will be exercised if the Over- Allotment Option is exercised in full, will remain outstanding. No further options will be granted pursuant to the P rior Option Plan, following completion of this Offering. All outstanding options granted under the P rior Option Plan will vest as to 50% on the Closing Date and as to 25% on each of the first and second anniversary of the Closing Date and will expire on the tenth anniversary of the date of the grant, with the last options expiring A ugust 20, 2017. The P rior Option Plan provides the Board with the ability to restrict its employees from trading any options that are exercised and converted into Common Shares as part of this Offering. After 50% of the options are exercised by a holder, no further options can be exercised by that holder until at least 90 days have elapsed. The following table summarizes the options of Orbit Garant outstanding as of March 31, 2008 held by the following groups of persons: Number of options Market V alue per for Common Common Share at Shares Exercise P rice June 20, 2008 (3) Executive officers and for non-executive officers (1) . . . 990,500 $1.00 – $1.50 (4) $4.00 Directors and former directors ................. — — — Employees and past employees (2) ............... 65,000 $1.00 $4.00 Employees and past employees of subsidiaries Consultant ................................ — — — Others .................................. — — — Notes: (1) Consists of three individuals. (2) Consists of seven individuals and excludes persons who are also present or former executive officers. (3) The amounts set out in this column represent the fair market value of the Common Shares as of the date hereof determined usi ng the Offering P rice. All options were granted for no consideration as a part of each person’s compensation and the exercise price of the options was determined based upon the fair market value at the date of grant. (4) 38,500 of such options have an exercise price of $1.50, the remainder have an exercise price of $1.00. OPTION PLAN P rior to the Closing of this Offering, the Company will establish the New Option Plan, which is intended to aid in attracting, retaining and motivating the Company’s officers, employees and directors. The New Option Plan will be prepared in accordance with TSX’s policies on listed company security-based compensation arrangements. P ersons eligible to be granted options under the New Option Plan are any director, officer or employee of Orbit Garant or of any subsidiary, a corporation controlled by any such person or a family trust of which at least one trustee is any such person and all of the beneficiaries of which are such person and his or her spouse or children. The aggregate number of Common Shares which may be issued from treasury under the New Option Plan or reserved for issuance upon the exercise of options under the New Option Plan shall not exceed 10% of the issued and outstanding Common Shares after giving effect to this Offering (including any Common Shares issued following the exercise of the Over- Allotment Option) less the number of options issued under the P rior Option Plan. The number of Common Shares which may be reserved for issuance pursuant to options granted under the New Option Plan, together with Common Shares reserved for issuance from treasury under any other employee-related plan of the Company or options for services granted by the Company, to any one person shall not exceed 5% of the then aggregate issued and outstanding Common Shares. W ithout the approval of the Company’s shareholders (which approval excludes the votes cast by insiders) no option will be granted under the New Option Plan if the grant would result in the number of Common Shares reserved for issuance pursuant to the New Option Plan and any other share compensation arrangement exceeding 10% of outstanding Common 59