-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001054274-03-000008.txt : 20030212
<SEC-HEADER>0001054274-03-000008.hdr.sgml : 20030212
<ACCEPTANCE-DATETIME>20030212091428
ACCESSION NUMBER:		0001054274-03-000008
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030212
FILED AS OF DATE:		20030212

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZETA CORP /CA
		CENTRAL INDEX KEY:			0001054274
		STANDARD INDUSTRIAL CLASSIFICATION:	 [9995]
		IRS NUMBER:				582349413
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29819
		FILM NUMBER:		03552541

	BUSINESS ADDRESS:	
		STREET 1:		216-1628 WEST 1ST AVENUE
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6J 1G1
		BUSINESS PHONE:		6046595005

	MAIL ADDRESS:	
		STREET 1:		216-1628 WEST 1ST AVE
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6J 1G1

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZETA CORP /CA
		CENTRAL INDEX KEY:			0001054274
		STANDARD INDUSTRIAL CLASSIFICATION:	 [9995]
		RELATIONSHIP:				DIRECTOR
		IRS NUMBER:				582349413
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		216-1628 WEST 1ST AVENUE
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6J 1G1
		BUSINESS PHONE:		6046595005

	MAIL ADDRESS:	
		STREET 1:		216-1628 WEST 1ST AVE
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6J 1G1
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4hsrfeb122003.htm
<DESCRIPTION>MAIN DOCUMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Form 4</TITLE>
<META NAME="author" CONTENT="Jeet Sidhu">
<META NAME="date" CONTENT="02/11/2003">
</HEAD>
<BODY style="line-height:12pt; font-size:10pt; color:#000000">
<TABLE style="margin-right:72pt"><TR><TD valign=top width=168.467 colspan=2 rowspan=3><P style="margin:0pt; line-height:20pt; font-size:18pt" align=center><B>Form 4</B></P>
</TD><TD valign=top width=585.2 rowspan=4><P style="margin-top:5pt; margin-bottom:5pt; line-height:14pt; font-size:12pt" align=center><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, DC 20549</B></P>
<P style="margin-top:5pt; margin-bottom:5pt; font-size:12pt" align=center><B>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP<BR>
<BR>
</B><SMALL>Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940</SMALL> </P>
</TD><TD valign=top width=146.333><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>OMB APPROVAL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD width=146.333><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">OMB Number: &nbsp;3235-0287</P>
</TD></TR>
<TR><TD width=146.333><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">Expires: January 31, 2005</P>
</TD></TR>
<TR><TD valign=top width=23.2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">[&nbsp;]</P>
</TD><TD valign=top width=145.267><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See instructions 1(b).</P>
</TD><TD valign=top width=146.333><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">Estimated average burden<BR>
hours per response. . . 0.5 </P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<TABLE style="margin-right:72pt"><TR><TD style="border:0.75pt double #3F3F3F" valign=top width=310.267><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">1. Name and Address of Reporting Person*<BR>
</P>
<P style="margin:0pt; line-height:9.5pt; font-size:7.5pt"><B>Rayat, Harmel S.</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=312.333 colspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">2. Issuer Name and Ticker or Trading Symbol<BR>
</P>
<P style="margin:0pt; line-height:9.5pt; font-size:7.5pt"><B>Zeta Corporation &nbsp;&nbsp;(ZETA)</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=277.4 rowspan=2><P style="margin-top:3.15pt; margin-bottom:3.15pt; line-height:9.5pt; font-size:7.5pt">6. Relationship of Reporting Person(s) to Issuer</P>
<P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>(Check all applicable)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<BR>
<P style="margin-top:0pt; margin-bottom:7.5pt; line-height:9.5pt; font-size:7.5pt">_<B><U>X</U></B>_ Director&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; _<B><U>X</U></B>_ 10% Owner<BR>
_<B><U>X</U></B>_ Officer (give title below)&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;___ Other (specify below)</P>
<P style="margin:0pt; font-size:7.5pt" align=center><B>President &amp; CEO</B><BIG> </BIG></P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" valign=top width=310.267><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>(Last)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (First)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Middle)</P>
<BR>
<P style="margin:0pt; line-height:9.5pt; font-size:7.5pt"><B>Suite 216 &#150; 1628 West 1<SUP>st</SUP> Avenue</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=118.6 rowspan=2><P style="margin-top:0pt; margin-bottom:12pt; line-height:9.5pt; font-size:7.5pt">3. I.R.S. Identification Number of Reporting Person, if an entity<BR>
(voluntary) </P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=193.733><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">4. Statement for Month/Day/Year<BR>
<BR>
<B>03/12/2003</B></P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" valign=top width=310.267><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>(Street) </P>
<P style="margin:0pt; font-size:7.5pt"><BR></P>
<P style="margin:0pt; line-height:9.5pt; font-size:7.5pt"><B>Vancouver, British Columbia, V6J 1G1 </B></P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=193.733><P style="margin:0pt; font-size:7.5pt">5. If Amendment, Date of Original (Month/Day/Year)<BR>
 <BR>
<B>&nbsp;</B><BIG>&nbsp;</BIG></P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=277.4><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">7. Individual or Joint/Group Filing<BR>
(Check Applicable Line)<BR>
_<B><U>X</U></B>_ Form filed by One Reporting Person<BR>
___ Form filed by More than One Reporting Person</P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" valign=top width=310.267><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>(City)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (State)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Zip)</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=589.733 colspan=3><P style="margin:0pt" align=center><B>Table I -&nbsp;Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned</B></P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<TABLE style="margin-right:72pt"><TR><TD style="border:0.75pt double #3F3F3F" valign=top width=94.733 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">1. Title of Security<BR>
(Instr. 3) </P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=102.467 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">2. Transaction Date<BR>
(Month/Day/Year)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=118.733 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">2A. Deemed Execution<BR>
Date, if any<BR>
(Month/Day/Year)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=71.4 colspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">3. Transaction<BR>
Code<BR>
(Instr. 8)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=179.933 colspan=3><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">4. Securities Acquired (A)<BR>
or Disposed of (D)<BR>
(Instr. 3, 4 and 5)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=119.867 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">5. Amount of Securities<BR>
Beneficially Owned<BR>
Following Reported<BR>
Transactions<BR>
(Instr. 3 and 4)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=103.133 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">6. Ownership Form:<BR>
Direct (D)<BR>
or Indirect (I)<BR>
(Instr. 4)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=109.733 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">7. Nature of Indirect<BR>
Beneficial Ownership<BR>
(Instr. 4)</P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" width=44.467><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Code</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=26.933><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>V</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=87><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Amount</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=21.933><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>(A)<BR>
or<BR>
(D)</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=71><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Price</P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" width=94.733><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt"><B>Common</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=102.467>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=118.733><P style="margin:0pt; font-size:7.5pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=44.467>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=26.933><P style="margin:0pt; font-size:7.5pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=87>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=21.933>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=71>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=119.867><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center><B>43,403,332</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=103.133><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center><B>D</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=109.733>&nbsp;</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" width=94.733><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt"><B>Common</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=102.467>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=118.733><P style="margin:0pt; font-size:7.5pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=44.467>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=26.933><P style="margin:0pt; font-size:7.5pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=87>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=21.933>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=71>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=119.867><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center><B>1,900,000</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=103.133><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center><B>I</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=109.733><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center><B>Owned By Spouse</B></P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<TABLE style="margin-right:72pt"><TR><TD valign=top width=150><P style="margin:0pt"><B>&nbsp;</B></P>
</TD><TD valign=top width=600><P style="margin:0pt" align=center><B>Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned<BR>
(e.g., puts, calls, warrants, options, convertible securities)</B> </P>
</TD><TD valign=top width=150><P style="margin:0pt; line-height:14pt">&nbsp;&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<TABLE style="margin-right:72pt"><TR><TD style="border:0.75pt double #3F3F3F" valign=top width=60.2 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">1.<BR>
Title of Derivative Security<BR>
(Instr.3)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=63.067 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">2.<BR>
Conversion or<BR>
Exercise<BR>
Price of<BR>
Derivative<BR>
Security</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=64.267 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">3.<BR>
Transaction<BR>
Date<BR>
(Month/<BR>
Day/Year)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=58.667 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">3A.<BR>
Deemed Execution<BR>
Date, if any<BR>
(Month/<BR>
Day/Year)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=65.4 colspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">4.<BR>
Transaction Code<BR>
(Instr. 8)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=85.267 colspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">5.<BR>
Number of Derivative<BR>
Securities<BR>
Acquired (A) or Disposed of (D)<BR>
(Instr.3,4<BR>
and 5)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=130.333 colspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">6.<BR>
Date Exercisable<BR>
and Expiration Date<BR>
(Month/Day/Year)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=111.867 colspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">7.<BR>
Title and Amount of<BR>
Underlying Securities<BR>
(Instr. 3 and 4)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=56.467 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">8.<BR>
Price of<BR>
Derivative<BR>
Security<BR>
(Instr. 5)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=81 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">9.<BR>
Number of<BR>
Derivative<BR>
Securities<BR>
Beneficially<BR>
Owned Following Reported Transaction(s)<BR>
(Instr. 4)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=62 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">10.<BR>
Ownership<BR>
Form of<BR>
Derivative<BR>
Security:<BR>
Direct (D) or Indirect (I)<BR>
(Instr. 4)</P>
</TD><TD style="border:0.75pt double #3F3F3F" valign=top width=61.467 rowspan=2><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">11.<BR>
Nature of<BR>
Indirect<BR>
Beneficial<BR>
Ownership<BR>
(Instr. 4)</P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" width=43><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Code</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=22.4><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>V</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=58.467><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>(A)</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=26.8><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>(D)</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=63.733><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Date<BR>
Exercisable</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=66.6><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Expiration<BR>
Date</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=55.333><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Title</P>
</TD><TD style="border:0.75pt double #3F3F3F" width=56.533><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=center>Amount<BR>
or<BR>
Number<BR>
of Shares</P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" width=60.2><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt"><B>Share Purchase Warrants</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=63.067>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=64.267>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=58.667>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=43>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=22.4>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=58.467>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=26.8>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=63.733>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=66.6><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><BR></P>
<P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>03/22/2005 (Note 1)</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=55.333><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>Common</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=56.533><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>1,900,000</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=56.467>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=81><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>1,900,000</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=62><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>I</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=61.467><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>Owned By Spouse</B></P>
</TD></TR>
<TR><TD style="border:0.75pt double #3F3F3F" width=60.2><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt"><B>Stock Options</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=63.067><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>$0.07</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=64.267><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>03/10/2003</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=58.667>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=43><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>A</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=22.4>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=58.467><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>5,500,000</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=26.8>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=63.733><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>(Note 3)</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=66.6><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>03/10/2013</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=55.333><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>Common</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=56.533><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>5,500,000</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=56.467>&nbsp;</TD><TD style="border:0.75pt double #3F3F3F" width=81><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>5,500,000</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=62><P style="margin:0pt; line-height:7.5pt; font-size:7.5pt" align=center><B>D</B></P>
</TD><TD style="border:0.75pt double #3F3F3F" width=61.467>&nbsp;</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<TABLE style="margin-right:72pt"><TR><TD width=900><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">Explanation of Responses:<BR>
<BR>
<B>(1) On February 7, 2003, the Board of Directors of the Company agreed to extend the expiration date of 12,000,000 share purchase warrants, 1,900,000 of which are held by Mr. Rayat&#146;s wife and 8,100,000 are held by other family members, from March 22, 2003, to March 22, 2005. Mr. Rayat disclaims beneficial ownership of all shares and share purchase warrants beneficially owned by his wife and all shares and share purchase warrants beneficially owned other family members.</B></P>
<P style="margin:0pt; font-size:7.5pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:12pt; line-height:9.5pt; font-size:7.5pt"><B>(2) The stock options become exercisable in three (3) equal installments of thirty-three and one-third percent (33 1/3%), the first installment to be exercisable February 10, 2003, with an additional thirty-three and one-third percent (33 1/3%) of the shares becoming exercisable on each of the two (2) successive anniversary dates.</B> </P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<TABLE style="margin-right:72pt"><TR><TD valign=top width=574.533><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.</P>
<BR>
<P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">* If the form is filed by more than one reporting person, <I>see</I> Instructions 4(b)(v).</P>
<P style="margin:0pt; font-size:7.5pt"><BR></P>
<P style="margin:0pt; line-height:9.5pt; font-size:7.5pt">** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.<BR>
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).</P>
</TD><TD valign=top width=168><P style="margin:0pt"><B><U>/s/&nbsp;Harmel S. Rayat</U></B><U> </U></P>
<P style="margin:0pt; font-size:7.5pt">**Signature of Reporting Person<BIG> </BIG></P>
</TD><TD valign=top width=118.533><P style="margin:0pt" align=center><B><U>03/12/2003</U></B><U>&nbsp;</U></P>
<P style="margin:0pt; font-size:7.5pt" align=center>Date<BIG> </BIG></P>
</TD></TR>
<TR><TD valign=top width=861.067 colspan=3><P style="margin-top:0pt; margin-bottom:12pt; line-height:9.5pt; font-size:7.5pt">NOTE: &nbsp;File three copies of this Form, one of which must be manually signed.<BR>
If space is insufficient, see Instruction 6 for procedure.</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt" align=center><BR></P>
<TABLE style="margin-right:72pt"><TR><TD valign=top width=700><P style="margin:0pt; font-size:7.5pt">Potential persons who are to respond to the collection of information contained in this form are not<BR>
required to respond unless the form displays a currently valid OMB Number.<BIG> </BIG></P>
</TD><TD valign=top width=200><P style="margin:0pt; line-height:9.5pt; font-size:7.5pt" align=right>&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin-top:0pt; margin-right:72pt; margin-bottom:0pt; width:720pt; font-size:12pt"><BR></P>
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