NOVO NETWORKS, INC.
NONQUALIFIED STOCK OPTION AGREEMENT
pursuant to the
NOVO NETWORKS, INC. 1999 OMNIBUS SECURITIES PLAN
THIS NONQUALIFIED STOCK OPTION AGREEMENT (this "Agreement") is made and entered into by
and between NOVO NETWORKS, INC., formerly eVentures Group, Inc., a Delaware corporation (the
"Company"), and JAN ROBERT HORSFALL (the "Optionee"), effective February 21, 2003 (the "Date of
1. GRANT OF OPTION. The Company hereby grants to the Optionee and the Optionee hereby accepts,
subject to the terms and conditions hereof, a Nonqualified Stock Option (the "Option") to purchase up to 25,000
shares of Company's common stock, par value $0.00002 per share (the "Common Stock"), at the Exercise Price
per share set forth in Section 4 below.
2. GOVERNING PLAN. This Option is granted pursuant to the Company's 1999 Omnibus Securities Plan (the
"Plan"), a copy of which is attached hereto. Capitalized terms used but not otherwise defined herein have the
meanings as set forth in the Plan. The Optionee agrees to be bound by the terms and conditions of the Plan,
which are incorporated herein by reference and which control in case of any conflict with this Agreement, except
as otherwise specifically provided for in the Plan.
3. EXPIRATION AND TERMINATION OF THE OPTION. The Option (to the extent not earlier exercised
or terminated in accordance with the Plan or this Agreement) will expire at the end of business February 21,
2013, ten (10) years from the Date of Grant of the Option (the "Expiration Date"). In the event the Optionee
ceases to serve as a member of the Company's board of directors, the unexercised portion of the Option will
terminate on the earlier of the date that is (a) five (5) years after the date the Optionee ceased being a director or
(b) the Expiration Date. The Option may not be exercised after its expiration or termination.
4. EXERCISE PRICE. The "Exercise Price" of the Option is five and one half cents ($0.055) per share of
Common Stock. The Exercise Price is