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 1048000 such options that may be exercised for Common Shares on a oneforone basis All such options other than 524000 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 nonexecutive officers 1 990500 100 150 4 400 Directors and former directors Employees and past employees 2 65000 100 400 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 persons compensation and the exercise price of the options was determined based upon the fair market value at the date of grant 4 38500 of such options have an exercise price of 150 the remainder have an exercise price of 100 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 Companys officers employees and directors The New Option Plan will be prepared in accordance with TSXs policies on listed company securitybased 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 employeerelated 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 Companys 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