2 During fiscal 2007 Eric Alexandre performed the functions of Chief Financial Officer Alain L aplante was hired as Chief Fina ncial Officer subsequent to the fiscal year ended June 30 2007 No other persons serving as executive officers for the year ended Ju ne 30 2007 had total salary and bonus exceeding 150000 3 Bonus in connection with the integration of Orbit and Garant 4 Amounts relate to a vehicle allowance 5 Eric Alexandre was awarded options to acquire 942000 Common Shares during the year ended June 30 2007 The value of such options at the time of grant was determined using the BlackScholes optionpricing model Option Grants During the Most R ecently Completed Fiscal Y ear The following table sets out the details of all grants of options to the Named Executive Officers during the most recently completed financial year of T otal Market value Number of options Exercise price of Common common granted to of underlying Shares on shares under employee in Common date of the options the financial Shares grant 1 Expiration Name granted year share share Date P ierre Alexandre Chief Executive Officer Eric Alexandre 942000 93 100 100 January 31 P resident and Chief Operating Officer 2017 Note 1 There was no public market for the Common Shares during the period The amounts set out in this column represent the fair ma rket value of the Common Shares at the time of the grant determined using the fair value of the shares issued on January 31 2007 Options Exercised in the Last Fiscal year and Fiscal Y ear End Option V alue The following table summarizes the number and value of options exercised by each Named Executive Officer during financial year ended June 30 2007 and the number and current value of unexercised options for each Named Executive Officer V alue of Number of unexercised in unexercised the money Shares options at fiscal options at fiscal acquired on Aggregate year end year end 1 exercise of value Exercisable Exercisable Name options realized Unexercisable Unexercisable P ierre Alexandre Chief Executive Officer Eric Alexandre 0942000 0471000 P resident and Chief Operating Officer Note 1 The value of an inthemoney option represents the difference between the aggregate estimated fair market value of the C ommon Shares issuable on the exercise of the option and the aggregate exercise price of the option There was no public market for th e Common Shares as of the date hereof Therefore the amounts set out in this column were calculated using the fair value of the shares issued on May 31 2007 and A ugust 20 2007 Employment Contracts Pierre Alexandre Orbit Garant will on closing of the Offering enter into an employment contract with P ierre Alexandre Chief Executive Officer which will have an indefinite term The employment contract will provide that P ierre Alexandres employment can be terminated for cause or disability both as defined therein The employment 56