CANGLOBE INTERNATIONAL INC
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>form8k040106ex10-1.txt
<TEXT>
                          GLOBETECH ENVIRONMENTAL, INC.

                     2006 CONSULTANT AND EMPLOYEE STOCK PLAN



                                 PURPOSE OF PLAN

            WHEREAS, the purpose of this 2006 Consultant and Employee Stock Plan
is to advance the  interests  of the  Company by helping the Company  obtain and
retain the services of employees and persons providing  consulting services upon
whose judgment, initiative, efforts and/or services the Company is substantially
dependent,  by  offering  to or  providing  those  persons  with  incentives  or
inducements  affording  such persons an  opportunity to become owners of capital
stock of the Company.

                          TERMS AND CONDITIONS OF PLAN

            1. DEFINITIONS.

            Set forth  below  are  definitions  of  capitalized  terms  that are
generally used throughout this Plan, or references to provisions containing such
definitions  (capitalized terms whose use is limited to specific  provisions are
not referenced in this Section):

                       (A)  AFFILIATE - The term  "Affiliate"  is defined as any
person controlling the Company, controlled by the Company, or under
common control with the Company.

                       (B)  AWARD  -  The  term  "Award"  is  collectively   and
severally defined as any Award Shares granted under this Plan.

                       (C) AWARD SHARES - The term "Award  Shares" is defined as
shares of Common Stock granted by the Plan Committee in accordance
with Section 5 of this Plan.

                       (D) BOARD - The term  "Board"  is defined as the Board of
Directors of the Company, as such body may be reconstituted from time
to time.

                       (E) COMMON STOCK - The term "Common  Stock" is defined as
the Company's common stock, $.001 par value.

                       (F) COMPANY - The term  "Company" is defined as Globetech
Environmental, Inc., a Nevada corporation.








                       (G)  DISPOSED - The term  "Disposed"  (or the  equivalent
terms "Disposition" or "Dispose") is defined as any transfer or
alienation of an Award which would  directly or  indirectly  change the legal or
beneficial ownership thereof,  whether voluntary or by operation of law, or with
or without the  payment or  provision  of  consideration,  including,  by way of
example and not  limitation:  (i) the sale,  assignment,  bequest or gift of the
Award; (ii) any transaction that creates or grants a right to obtain an interest
in the Award;  (iii) any  transaction  that creates a form of joint ownership in
the  Award  between  the  Recipient  and one or more  other  Persons;  (iv)  any
Disposition  of  the  Award  to a  creditor  of  the  Recipient,  including  the
hypothecation,  encumbrance or pledge of the Award or any interest  therein,  or
the  attachment  or  imposition  of a lien by a creditor of the Recipient of the
Award or any  interest  therein  which is not released  within  thirty (30) days
after the imposition  thereof;  (v) any  distribution by a Recipient which is an
entity to its stockholders,  partners,  co-venturers or members, as the case may
be, or (vi) any  distribution  by a  Recipient  which is a  fiduciary  such as a
trustee or custodian to its settlors or beneficiaries.

                       (H) ELIGIBLE  PERSON - The term  "Eligible  Person" means
any Person who, at a particular time, is an employee of, or a consultant
to, the Company or an Affiliate  who provides  bona fide services to the Company
or the Affiliate,  provided,  however,  no Award hereunder may be granted to any
Person in connection with the provision of any services  incident to the raising
of capital or promotion or maintenance of a market for the Company's securities.

                       (I) FAIR  MARKET  VALUE - The term  "Fair  Market  Value"
means the fair market value as of the applicable valuation date of the
Award Shares,  or other shares of Common Stock, as the case may be (the "Subject
Shares"),  to be valued as  determined  by the Plan  Committee in its good faith
judgment, but in no event shall the Fair Market Value be less than the par value
of the Subject Shares.

                       (J)  PERSON  - The  term  "Person"  is  defined,  in  its
broadest sense, as any individual, entity or fiduciary such as, by way of
example  and  not  limitation,  individual  or  natural  persons,  corporations,
partnerships  (limited  or  general),  joint  ventures,  associations,   limited
liability companies/partnerships, or fiduciary arrangements, such as trusts.

                       (K)  PLAN - The  term  "Plan"  is  defined  as this  2006
Consultant and Employee Stock Plan, as amended from time to time.

                       (L) PLAN COMMITTEE - The term "Plan Committee" is defined
as that Committee appointed by the Board to administer and interpret
this Plan as more  particularly  described  in Section 3 of the Plan;  provided,
however,  that the term Plan Committee will refer to the Board during such times
as no Plan Committee is appointed by the Board.

                       (M)  RECIPIENT - The term  "Recipient"  is defined as any
Eligible Person who, at a particular time, receives the grant of an
Award.





                       (N) SECURITIES ACT - The term "Securities Act" is defined
as the Securities Act of 1933, as amended (references herein to
Sections  of the  Securities  Act are  intended  to  refer  to  Sections  of the
Securities  Act as enacted at the time of the adoption of this Plan by the Board
and  as  subsequently   amended,  or  to  any  substantially  similar  successor
provisions of the Securities Act resulting from  recodification,  renumbering or
otherwise).

            2. TERM OF PLAN.

            This Plan shall be  effective  as of such time and date as this Plan
is adopted by the Board, and this Plan shall terminate on the first business day
prior to the ten (10) year  anniversary of the date this Plan became  effective.
All Awards  granted  pursuant to this Plan prior to the  effective  date of this
Plan  shall  not be  affected  by the  termination  of this  Plan and all  other
provisions  of  this  Plan  shall  remain  in  effect  until  the  terms  of all
outstanding  Awards have been  satisfied or terminated  in accordance  with this
Plan and the terms of such Awards.

            3. PLAN ADMINISTRATION.

                       (A) PLAN COMMITTEE.

                                  (i)  The  Plan  shall  be   administered   and
interpreted by a committee consisting of two (2) or more members of the
         Board; provided,  however, no member of the Board may serve as a member
         of the Plan Committee  unless such member  qualifies as a "non-employee
         director" as defined in Rule  16b-3(b)(3)(i) to the Securities Exchange
         Act of 1934.

                                  (ii) Members of the Plan  Committee may resign
at any time by delivering written notice to the Board. Vacancies in
         the Plan  Committee  shall be filled by the Board.  The Plan  Committee
         shall act by a majority  of its members in office.  The Plan  Committee
         may act either by vote at a meeting or by a memorandum or other written
         instrument signed by a majority of the Plan Committee.

                                  (iii) If the Board,  in its  discretion,  does
not appoint a Plan Committee, the Board itself will administer and
         interpret the Plan and take such other actions as the Plan Committee is
         authorized  to take  hereunder;  provided  that the Board may take such
         actions  hereunder  in the same  manner  as the  Board  may take  other
         actions under the Articles of  Incorporation  and bylaws of the Company
         generally.

                           (B) ELIGIBILITY OF PLAN COMMITTEE  MEMBERS TO RECEIVE
AWARDS. While serving on the Plan Committee,  such members shall be eligible for
selection as Eligible Persons to whom an Award may be granted under the Plan.

                       (C) POWER TO MAKE AWARDS.  The Plan Committee  shall have
the full and final authority in its sole discretion, at any time and
from  time-to-time,  subject  only to the express  terms,  conditions  and other
provisions of the Articles of  Incorporation  of the Company and this Plan,  and
the specific limitations on such discretion set forth herein, to:



                                  (i) Designate the Eligible  Persons or classes
of Eligible Persons eligible to receive Awards from among the Eligible
         Persons;

                                  (ii) Grant  Awards to such  selected  Eligible
Persons or classes of Eligible Persons in such form and amount (subject
         to the terms of the Plan) as the Plan Committee shall determine;

                                    (iii) Interpret the Plan,  adopt,  amend and
rescind  rules  and  regulations  relating  to the  Plan,  and  make  all  other
determinations  and  take  all  other  action  necessary  or  advisable  for the
implementation and administration of the Plan; and

                                  (iiii)  Delegate  all  or  a  portion  of  its
authority under subsections (i) and (ii) of this Section 3(c) to one or more
         directors  of the Company who are  executive  officers of the  Company,
         subject to such  restrictions  and  limitations  (such as the aggregate
         number  of  shares of Common  Stock  that may be  awarded)  as the Plan
         Committee may decide to impose on such delegate directors.

            In determining  the recipient,  form and amount of Awards,  the Plan
Committee shall consider any factors deemed relevant,  including the recipient's
functions,  responsibilities,  value of  services  to the  Company  and past and
potential contributions to the Company's profitability and sound growth.

                       (D)  INTERPRETATION OF PLAN. The Plan Committee shall, in
its sole and absolute discretion, interpret and determine the effect
of all matters and  questions  relating to this Plan.  The  interpretations  and
determinations  of  the  Plan  Committee  under  the  Plan  (including   without
limitation  determinations  pertaining to the  eligibility of Persons to receive
Awards,  the form,  amount  and  timing of Awards,  the  methods of payment  for
Awards,  and the other terms and  provisions of Awards and the  certificates  or
agreements  evidencing  same)  need not be  uniform  and may be made by the Plan
Committee  selectively  among  Persons who receive,  or are eligible to receive,
Awards under the Plan, whether or not such Persons are similarly  situated.  All
actions taken and all interpretations and determinations made under this Plan in
good faith by the Plan Committee  shall be final and binding upon the Recipient,
the Company,  and all other interested  Persons. No member of the Plan Committee
shall be  personally  liable for any action taken or decision made in good faith
relating  to this Plan,  and all  members of the Plan  Committee  shall be fully
protected and indemnified to the fullest extent  permitted under  applicable law
by the Company in respect to any such action, determination, or interpretation.

                       (E) COMPENSATION; ADVISORS. Members of the Plan Committee
shall receive such compensation for their services as members as may
be determined by the Board. All expenses and liabilities  incurred by members of
the Plan Committee in connection  with the  administration  of the Plan shall be
borne by the Company.  The Plan  Committee  may, with the approval of the Board,
employ  attorneys,  consultants,  accountants,  appraisers,  brokers,  or  other
Persons,  at the cost of the Company.  The Plan  Committee,  the Company and its
officers and directors shall be entitled to rely upon the advice,  opinions,  or
valuations of any such Persons.




            4. STOCK POOL.

                       (A)  MAXIMUM  NUMBER OF  SHARES  AUTHORIZED  UNDER  PLAN.
Shares of stock which may be issued or granted under the Plan shall be
authorized  and  unissued  or treasury  shares of Common  Stock.  The  aggregate
maximum number of shares of Common Stock which may be issued as a grant of Award
Shares shall not exceed 10 million shares of Common Stock (the "Stock Pool").

                       (B) DATE OF  AWARD.  The date an Award is  granted  shall
mean the date selected by the Plan Committee as of which the Plan
Committee allots a specific number of shares to a Recipient with respect to such
Award pursuant to the Plan.

            5. AWARD SHARES.

                       (A) GRANT.  The Plan Committee may from time to time, and
subject to the provisions of the Plan and such other terms and
conditions as the Plan Committee may prescribe, grant to any Eligible Person one
or more shares of Common Stock ("Award Shares")  allotted by the Plan Committee.
The grant of Award Shares or grant of the right to receive Award Shares shall be
evidenced  by  either a  written  consulting  agreement  or a  separate  written
agreement  confirming  such grant,  executed  by the Company and the  Recipient,
stating the number of Award Shares  granted and stating all terms and conditions
of such grant.

                       (B)  PURCHASE  PRICE  AND  MANNER  OF  PAYMENT.  The Plan
Committee, in its sole discretion, may grant Award Shares in any of the
following instances:

                                  (i) as a  "bonus"  or  "reward"  for  services
previously rendered and compensated, in which case the recipient of the
         Award  Shares shall not be required to pay any  consideration  for such
         Award  Shares,  and the value of such  Award  Shares  shall be the Fair
         Market Value of such Award Shares on the date of grant; or

                                  (ii)  as   "compensation"   for  the  previous
performance or future performance of services or attainment of goals, in
         which case the  recipient  of the Award Shares shall not be required to
         pay any consideration for such Award Shares (other than the performance
         of his services).

            6. ADJUSTMENTS.

                       (A)  SUBDIVISION OR STOCK  DIVIDEND.  If (i)  outstanding
shares of Common Stock shall be subdivided into a greater number of
shares by reason of recapitalization or  reclassification,  the number of shares
of Common  Stock,  if any,  available  for  issuance  in the Stock  Pool  shall,
simultaneously  with the  effectiveness of such subdivision or immediately after
the  record  date of such  dividend,  be  proportionately  increased,  and  (ii)
conversely,  if the outstanding  shares of Common Stock shall be combined into a
smaller  number of  shares,  the  number of  shares  of  Common  Stock,  if any,
available  for  issuance  in the  Stock  Pool  shall,  simultaneously  with  the
effectiveness of such combination, be proportionately increased.



                       (B)  ADJUSTMENTS  DETERMINED IN SOLE DISCRETION OF BOARD.
To the extent that the foregoing adjustments relate to stock or
securities of the Company, such adjustments shall be made by the Plan Committee,
whose determination in that respect shall be final, binding and conclusive.

                       (C) NO OTHER  RIGHTS TO  RECIPIENT.  Except as  expressly
provided in this Section 6, (i) the Recipient shall have no rights by
reason of any  subdivision or  consolidation  of shares of stock of any class or
the  payment of any stock  dividend  or any other  increase  or  decrease in the
number of shares of stock of any class, and (ii) the  dissolution,  liquidation,
merger,  consolidation or divisive  reorganization or sale of assets or stock to
another  corporation,  or any  issue by the  Company  of  shares of stock of any
class, or securities  convertible  into shares of stock of any class,  shall not
affect,  and no adjustment by reason  thereof shall be made with respect to, the
number of shares.  The grant of an Award  pursuant to this Plan shall not affect
in  any  way  the  right  or  power  of  the   Company   to  make   adjustments,
reclassifications,  reorganizations  or  changes  of  its  capital  or  business
structure  or to  merge,  consolidate,  dissolve  or  liquidate,  or to  sell or
transfer all or any part of its business or assets.

            7. EMPLOYMENT STATUS.

            In no event shall the  granting of an Award be construed as granting
a continued right of employment to a Recipient if such Person is employed by the
Company,  nor effect  any right  which the  Company  may have to  terminate  the
employment of such Person,  at any time,  with or without  cause,  except to the
extent that such Person and the Company have agreed otherwise in writing.

            8. AMENDMENT AND DISCONTINUATION OF PLAN; MODIFICATION OF AWARDS.

                       (A) AMENDMENT,  MODIFICATION  OR TERMINATION OF PLAN. The
Board may amend the Plan or suspend or discontinue the Plan at any time
or from  time-to-time;  provided,  however no such action may adversely alter or
impair any Award previously  granted under this Plan without the consent of each
Recipient affected thereby.

                       (B)  COMPLIANCE  WITH LAWS. The Plan Committee may at any
time or from time-to-time, without receiving further consideration from
any Person who may become  entitled to receive or who has  received the grant of
an Award  hereunder,  modify or amend Awards granted under this Plan as required
to comply with changes in securities, tax or other laws or rules, regulations or
regulatory  interpretations thereof applicable to this Plan or Awards thereunder
or to comply with stock exchange rules or requirements.




</TEXT>
</DOCUMENT>
