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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">As
filed with the Securities and Exchange Commission on July&nbsp;29, 2004</font></b></p>

<p align="right" style="margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Registration
No. 333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington,
D.C. 20549</font></b></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Form S-8</font></b></p>

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</font></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">REGISTRATION
STATEMENT UNDER</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THE
SECURITIES ACT OF 1933</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Ballard Power Systems Inc.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact
name of registrant as specified in its charter)</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></div>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="360" valign="top" style="padding:0in .7pt 0in .7pt;width:269.65pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Canada</font></b></p>
  </td>
  <td width="26" valign="bottom" style="padding:0in .7pt 0in .7pt;width:19.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="222" valign="top" style="padding:0in .7pt 0in .7pt;width:166.55pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not
  Applicable</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="360" valign="top" style="padding:0in .7pt 0in .7pt;width:269.65pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State
  or other jurisdiction of incorporation or organization)</font></p>
  </td>
  <td width="26" valign="bottom" style="padding:0in .7pt 0in .7pt;width:19.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="222" valign="top" style="padding:0in .7pt 0in .7pt;width:166.55pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S.
  Employer Identification No.)</font></p>
  </td>
 </tr>
</table>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4343
North Fraser Way</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Burnaby,
British Columbia</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Canada
V5J 5J9</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address
of Principal Executive Offices)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Agreement
between Ballard Power Systems Inc. and Ross Witschonke dated October 3, 2003,
as amended</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Full
title of the plan)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Corporation
Trust Company</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">111
Eighth Avenue</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">New
York, New York 10011</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Name
and address of agent for service)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(212)
894-8940</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Telephone
number, including area code, of agent for service)</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Copies
to:</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Noordin
  S. K. Nanji, Esq.</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="295" valign="top" style="padding:0in .7pt 0in .7pt;width:221.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John
  T. Gaffney, Esq.</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ballard
  Power Systems Inc.</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="295" valign="top" style="padding:0in .7pt 0in .7pt;width:221.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Worldwide
  Plaza</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4343
  North Fraser Way</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="295" valign="top" style="padding:0in .7pt 0in .7pt;width:221.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cravath,
  Swaine &amp; Moore LLP</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Burnaby,
  British Columbia</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="295" valign="top" style="padding:0in .7pt 0in .7pt;width:221.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">825
  Eighth Avenue</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Canada
  V5J 5J9</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="295" valign="top" style="padding:0in .7pt 0in .7pt;width:221.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">New
  York, New York</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(604)
  454-0900</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="295" valign="top" style="padding:0in .7pt 0in .7pt;width:221.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10019-7475</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="295" valign="top" style="padding:0in .7pt 0in .7pt;width:221.3pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(212)
  474-1000</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">

<hr size="1" width="25%" noshade color="black" align="center">

</font></b></div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CALCULATION
OF REGISTRATION FEE</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="113" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:84.7pt;">
  <p align="center" style="margin:0in 0in .0001pt 10.0pt;text-align:center;text-indent:-10.0pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title of securities to be<br>
  registered</font></b></p>
  </td>
  <td width="9" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.45pt;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="111" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:83.55pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount
  to be<br>
  registered(1)</font></b></p>
  </td>
  <td width="10" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:7.65pt;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="118" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:88.35pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Proposed
  maximum offering price per share(2)</font></b></p>
  </td>
  <td width="4" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.95pt;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="116" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:87.05pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Proposed
  maximum aggregate offering price(2)</font></b></p>
  </td>
  <td width="8" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="112" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:84.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Amount
  of registration fee</font></b></p>
  </td>
  <td width="7" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.3pt;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="113" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:84.7pt;">
  <p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Common Shares</font></p>
  </td>
  <td width="9" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:6.45pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="111" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:83.55pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">66,208</font></p>
  </td>
  <td width="10" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:7.65pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="118" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:88.35pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">U.S.&nbsp;$6.66</font></p>
  </td>
  <td width="4" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:2.95pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="116" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:87.05pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">U.S.&nbsp;$440,945.28</font></p>
  </td>
  <td width="8" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="112" valign="bottom" style="border:none;padding:0in .7pt 0in .7pt;width:84.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">U.S.&nbsp;$55.87</font></p>
  </td>
  <td width="7" valign="bottom" style="padding:0in .7pt 0in .7pt;width:5.3pt;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:double windowtext 1.5pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="24" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="585" valign="top" style="padding:0in .7pt 0in .7pt;width:438.4pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Registration
  Statement also covers additional Common Shares of the registrant which may
  become issuable under the Agreement between Ballard Power Systems Inc. and
  Ross&nbsp;Witschonke dated October&nbsp;3, 2003, as amended, by reason of any
  stock dividend, stock split, recapitalization or other similar transaction
  effected without the receipt of consideration which results in an increase in
  the number of the registrant&#146;s outstanding Common Shares.</font></p>
  </td>
 </tr>
 <tr>
  <td width="24" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="585" valign="top" style="padding:0in .7pt 0in .7pt;width:438.4pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="24" valign="top" style="padding:0in .7pt 0in .7pt;width:18.1pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="585" valign="top" style="padding:0in .7pt 0in .7pt;width:438.4pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Estimated solely for the
  purpose of calculating the registration fee in accordance with Rule 457. The
  proposed maximum aggregate offering price is based upon the average of the
  high and low prices of the Common Shares reported on the Nasdaq National
  Market on July&nbsp;28, 2004.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="border:none;border-bottom:double windowtext 9.0pt;padding:0in 0in 0in 0in;">

<p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART I</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The document(s) containing the information specified
in Part&nbsp;I of Form&nbsp;S-8 have been or will be sent or given to
participating employees as specified by Rule&nbsp;428(b)(1) under the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;).&#160; In accordance with the rules and regulations
of the Securities and Exchange Commission (the &#147;SEC&#148;) and the Note to
Part&nbsp;I of Form&nbsp;S-8, such documents are not being filed with the SEC
either as part of this registration statement filed pursuant to the
requirements of Form&nbsp;S-8 (the &#147;Registration Statement&#148;) or as prospectuses
or prospectus supplements pursuant to Rule&nbsp;424 under the Securities
Act.&#160; Such documents and the documents
incorporated by reference in this Registration Statement pursuant to
Item&nbsp;3 of Part&nbsp;II of this Registration Statement, taken together,
constitute a prospectus that meets the requirements of Section&nbsp;10(a) of
the Securities Act.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I-1</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PART II</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 3. &#160;&#160; Incorporation of Documents by Reference</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The following documents previously filed by the
registrant with the SEC are incorporated in this Registration Statement by
reference and shall be deemed a part hereof:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;margin-left:36.7pt;">
 <tr>
  <td width="16" valign="top" style="padding:0in .7pt 0in .7pt;width:12.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in .7pt 0in .7pt;width:401.3pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The registrant&#146;s Annual
  Report on Form 40-F for the fiscal year ended December&nbsp;31, 2003 filed on
  May&nbsp;18, 2004.</font></p>
  </td>
 </tr>
 <tr>
  <td width="16" valign="top" style="padding:0in .7pt 0in .7pt;width:12.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in .7pt 0in .7pt;width:401.3pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16" valign="top" style="padding:0in .7pt 0in .7pt;width:12.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in .7pt 0in .7pt;width:401.3pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">All other reports filed by
  the registrant under Section 13(a) or 15(d) of the Securities and Exchange
  Act of 1934, as amended (the &#147;Exchange Act&#148;) since December 31, 2003.</font></p>
  </td>
 </tr>
 <tr>
  <td width="16" valign="top" style="padding:0in .7pt 0in .7pt;width:12.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in .7pt 0in .7pt;width:401.3pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="16" valign="top" style="padding:0in .7pt 0in .7pt;width:12.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font></p>
  </td>
  <td width="8" valign="bottom" style="padding:0in .7pt 0in .7pt;width:6.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="535" valign="top" style="padding:0in .7pt 0in .7pt;width:401.3pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The description of the
  registrant&#146;s Common Shares contained in the registrant&#146;s Registration
  Statement on Form F-10 as filed with the SEC on December&nbsp;11, 2002,
  including any amendment or report filed for the purpose of amending such
  description.</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; In addition, all reports and documents filed by the
registrant under Section&nbsp;13(a), 13(c), 14 or 15(d) of the Exchange Act
after the date of this Registration Statement and prior to the filing of a
post-effective amendment which indicates that all securities being offered have
been sold or which deregisters all securities then remaining unsold, shall be
deemed to be incorporated by reference in and to be part of this Registration
Statement from the filing date of each such document.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 4. &#160;&#160; Description of Securities</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not Applicable.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 5. &#160;&#160; Interests of Named Experts and Counsel</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not Applicable.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 6. &#160;&#160; Indemnification of Directors and Officers</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Under the Canada Business Corporations Act (the &#147;CBCA&#148;),
the registrant may indemnify a present or former director or officer of the
registrant or another individual who acts or acted at the registrant&#146;s request
as a director or officer or an individual acting in a similar capacity, of
another entity, against all costs, charges and expenses, including an amount
paid to settle an action or satisfy a judgment, reasonably incurred by such
individual in respect of any civil, criminal, administrative or investigative
action, suit or proceeding (a &#147;Proceeding&#148;) to which such individual is made a
party by reason of such individual&#146;s association with the registrant or other
entity and provided that such individual acted honestly and in good faith with
a view to the best interests of the registrant or, as the case may be, to the
best interests of the other entity for which the individual acted as director
or officer or in a similar capacity at the registrant&#146;s request and, in the
case of a criminal or administrative action or proceeding that is enforced by a
monetary penalty, had reasonable grounds for believing that such individual&#146;s
conduct was lawful.&#160; The indemnification
may be made in connection with a derivative action only with court
approval.&#160; Any of the individuals
described in the first sentence of this paragraph is entitled to
indemnification from the registrant as a matter of right if he or she was
substantially successful on the merits and fulfilled the conditions set forth
above.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The registrant has entered into an indemnity
agreement with each director, officer or employee of the registrant providing
that if such director, officer or employee is or was involved in any
threatened, pending or completed Proceeding by reason of the fact that such
director, officer or employee is or was a director or officer of the registrant
or is or was serving at the request of the registrant as a director or officer
of another entity, including service with respect to employee benefit plans,
whether the basis of such Proceeding is an alleged action in an official
capacity while serving as a director or officer, such director, officer or employee
will be indemnified and</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-1</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">held harmless by the
registrant to the fullest extent authorized by and in the manner set forth in
the CBCA against all expense, liability and loss reasonably incurred or
suffered by such director, officer or employee in connection therewith.&#160; Under such indemnity agreements, the
registrant may indemnify any of its directors, officers or employees in
connection with a Proceeding (or part thereof) initiated by such director,
officer or employee only if such Proceeding (or part thereof) is authorized by
the board of directors of the registrant or if such Proceeding is a successful
Proceeding, in whole or in part, by a director, officer or employee for claims
under an indemnity agreement.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The CBCA provides that the registrant may, subject to
and in accordance with the CBCA, purchase and maintain insurance for the
benefit of any of the individuals described in the first sentence of the first
paragraph of this Item&nbsp;6 against any liability incurred by such individual
in such individual&#146;s capacity as a director or officer of the registrant or as
a director or officer, or similar capacity, of another entity at the registrant&#146;s
request.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The registrant maintains directors&#146; and officers&#146;
liability insurance.&#160; The policies insure
(a)&nbsp;the directors and officers of the registrant against losses arising
from claims against them for certain of their actual or alleged wrongful acts
(as defined within the insurance policy), (b)&nbsp;the registrant for payments made
pursuant to the registrant&#146;s indemnification of its directors and officers and
(c)&nbsp;the registrant when it is directly named in a securities claim.&#160; The policies provide a maximum coverage in
any one policy year of U.S.&nbsp;$35&nbsp;million in annual claims (subject to
deductibles of U.S.&nbsp;$200,000 to U.S.&nbsp;$500,000 per claim, payable by
the registrant).&#160; The annual premium in
the current policy year was U.S.&nbsp;$1,247,250.&#160; The premiums for the policies were not
allocated between directors and officers as separate groups.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 7. &#160;&#160; Exemption from Registration Claimed</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Not Applicable.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 8. &#160;&#160; Exhibits</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The following exhibits are filed as part of this
Registration Statement:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="70" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit No.</font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restated Articles of
  Incorporation of the registrant (filed as an exhibit to Registration
  Statement No.&nbsp;333-89414 and incorporated herein by reference thereto).</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By-laws of the registrants
  (filed as an exhibit to Registration Statement No.&nbsp;333-89414 and
  incorporated herein by reference thereto).</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Stikeman
  Elliott LLP regarding the legality of the securities being offered hereby.</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of KPMG LLP.</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Stikeman
  Elliott LLP (contained in Exhibit 5.1).</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="70" valign="top" style="padding:0in .7pt 0in .7pt;width:52.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="522" valign="top" style="padding:0in .7pt 0in .7pt;width:391.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney
  (included as part of the signature pages to this Registration Statement).</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-2</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item 9. &#160;&#160; Undertakings</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The
undersigned registrant hereby undertakes:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse;margin-left:36.7pt;">
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="top" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)</font></p>
  </td>
  <td width="480" valign="top" style="padding:0in .7pt 0in .7pt;width:359.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To file, during any period
  in which offers or sales are being made, a post-effective amendment to this
  Registration Statement to include any material information with respect to
  the plan of distribution not previously disclosed in the Registration
  Statement or any material change to such information in the Registration
  Statement;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="bottom" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="480" valign="top" style="padding:0in .7pt 0in .7pt;width:359.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="top" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)</font></p>
  </td>
  <td width="480" valign="top" style="padding:0in .7pt 0in .7pt;width:359.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">That, for the purpose of
  determining any liability under the Securities Act of 1933, each such
  post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of such
  securities at that time shall be deemed to be the initial bona fide offering
  thereof.</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="bottom" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="480" valign="top" style="padding:0in .7pt 0in .7pt;width:359.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="top" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(3)</font></p>
  </td>
  <td width="480" valign="top" style="padding:0in .7pt 0in .7pt;width:359.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">To remove from
  registration by means of a post-effective amendment any of the securities
  being registered which remain unsold at the termination of the offering.</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="bottom" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="480" valign="top" style="padding:0in .7pt 0in .7pt;width:359.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(b)</font></p>
  </td>
  <td width="512" colspan="2" valign="bottom" style="padding:0in .7pt 0in .7pt;width:383.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The undersigned registrant
  hereby undertakes that, for purposes of determining any liability under the
  Securities Act of 1933, each filing of the registrant&#146;s annual report
  pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of
  1934 (and, where applicable, each filing of an employee benefit plan&#146;s annual
  report pursuant to section 15(d) of the Securities Exchange Act of 1934) that
  is incorporated by reference in the registration statement shall be deemed to
  be a new registration statement relating to the securities offered therein,
  and the offering of such securities at that time shall be deemed to be the
  initial bona fide offering thereof.</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="bottom" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="480" valign="top" style="padding:0in .7pt 0in .7pt;width:359.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="48" valign="top" style="padding:0in .7pt 0in .7pt;width:.5in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(c)</font></p>
  </td>
  <td width="512" colspan="2" valign="bottom" style="padding:0in .7pt 0in .7pt;width:383.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Insofar as indemnification
  for liabilities arising under the Securities Act of 1933 may be permitted to
  directors, officers, and controlling persons of the registrant pursuant to
  the foregoing provisions, or otherwise, the registrant has been advised that
  in the opinion of the Securities and Exchange Commission such indemnification
  is against public policy as expressed in the Securities Act of 1933 and is,
  therefore, unenforceable. In the event that a claim for indemnification
  against such liabilities (other than the payment by the registrant of
  expenses incurred or paid by a director, officer or controlling person of the
  registrant in the successful defense of any action, suit or proceeding) is
  asserted by such director, officer or controlling person in connection with
  the securities being registered, the registrant will, unless in the opinion
  of its counsel the matter has been settled by controlling precedent, submit
  to a court of appropriate jurisdiction the question whether such
  indemnification by it is against public policy as expressed in the Securities
  Act of 1933 and will be governed by the final adjudication of such issue.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-3</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SIGNATURES</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant to the requirements of the Securities Act of
1933, the registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the city of Burnaby, Canada on this 29th day of
July, 2004.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="232" valign="top" style="padding:0in .7pt 0in .7pt;width:173.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="379" colspan="2" valign="top" style="padding:0in .7pt 0in .7pt;width:284.2pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">BALLARD POWER SYSTEMS INC.</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="232" valign="top" style="padding:0in .7pt 0in .7pt;width:173.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in .7pt 0in .7pt;width:25.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="346" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="232" valign="top" style="padding:0in .7pt 0in .7pt;width:173.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in .7pt 0in .7pt;width:25.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="346" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:3.6in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Noordin S. K. Nanji</font></p>
  </td>
 </tr>
 <tr>
  <td width="232" valign="top" style="padding:0in .7pt 0in .7pt;width:173.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in .7pt 0in .7pt;width:25.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="346" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:3.6in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name: Noordin S. K. Nanji</font></p>
  </td>
 </tr>
 <tr>
  <td width="232" valign="top" style="padding:0in .7pt 0in .7pt;width:173.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="33" valign="top" style="padding:0in .7pt 0in .7pt;width:25.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="346" valign="top" style="padding:0in .7pt 0in .7pt;width:3.6in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title: Vice-President,
  Marketing &amp; Business<br>
  Development and Corporate Secretary</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">POWER
OF ATTORNEY</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Each of the registrant and each director or officer
of the registrant whose individual signature appears below hereby appoints
Noordin Nanji and David Smith, and each of them, any of whom may act without
the joinder of the others, as the true and lawful attorney-in-fact and agent of
the undersigned, in any and all capacities, with full power of substitution, to
sign any and all amendments to this Registration Statement (including
post-effective amendments), and, in connection with any registration of
additional securities, to sign any abbreviated registration statement and any
and all amendments thereto, and to file the same with exhibits thereto and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact, and each of them, full power
and authority to do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as the undersigned
might or could do in person, hereby ratifying and confirming all that each said
attorney-in-fact and agent, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant to the requirements of the Securities Act of
1933, this Registration Statement has been signed by the following persons in
the capacities and on the dates indicated.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><u><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Signature</font></u></b></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><u><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Title</font></u></b></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><u><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Date</font></u></b></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Dennis Campbell</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">President
  and Chief Executive</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dennis
  Campbell</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Officer</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ David Smith</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief
  Financial Officer</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David
  Smith</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Jay Dent</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Corporate
  Controller</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jay
  Dent</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-4</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

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  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ A. Charles Baillie</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.
  Charles Baillie</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ian&nbsp;A.
  Bourne</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ed
  Kilroy</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Denise Morrison</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Denise
  Morrison</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ David Prystash</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">David
  Prystash</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Dr. Gerhard Schmidt</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dr.
  Gerhard Schmidt</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dr.
  -Ing. Hans-Joachim Sch&#246;pf</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ John Sheridan</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">John
  Sheridan</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Mark
  Suwyn</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Dr. Thomas Weber</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dr.
  Thomas Weber</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Douglas W. G.
  Whitehead</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">July
  29, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="249" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:186.7pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Douglas
  W. G. Whitehead</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="208" valign="top" style="padding:0in .7pt 0in .7pt;width:156.0pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="24" valign="bottom" style="padding:0in .7pt 0in .7pt;width:.25in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="104" valign="top" style="padding:0in .7pt 0in .7pt;width:77.8pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-5</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AUTHORIZED
REPRESENTATIVE</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Pursuant to the requirements of Section 6(a) of the
Securities Act of 1933, the undersigned has signed this Registration Statement,
solely in the capacity of the duly authorized representative of the Registrant
in the United States on this 29th day of July, 2004.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="top" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="274" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:2.85in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Noordin S. K. Nanji</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="top" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="274" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:2.85in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Noordin S. K. Nanji</font></p>
  </td>
 </tr>
 <tr>
  <td width="305" valign="top" style="padding:0in .7pt 0in .7pt;width:228.7pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="32" valign="top" style="padding:0in .7pt 0in .7pt;width:24.0pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="274" valign="top" style="padding:0in .7pt 0in .7pt;width:2.85in;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice-President, Marketing
  &amp; Business<br>
  Development and Corporate Secretary</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-6</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>


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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">INDEX
TO EXHIBITS</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;">
 <tr>
  <td width="47" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Exhibit</font></b></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="border:none;padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Restated Articles of
  Incorporation of the registrant (filed as an exhibit to Registration
  Statement No.&nbsp;333-89414 and incorporated herein by reference thereto).</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.2</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By-laws of the registrant
  (filed as an exhibit to Registration Statement No.&nbsp;333-89414 and
  incorporated herein by reference thereto).</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Opinion of Stikeman
  Elliott LLP regarding the legality of the securities being offered hereby.</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of KPMG LLP.</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">23.2</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Consent of Stikeman
  Elliott LLP (contained in Exhibit 5.1).</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="47" valign="top" style="padding:0in .7pt 0in .7pt;width:35.6pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">24.1</font></p>
  </td>
  <td width="16" valign="bottom" style="padding:0in .7pt 0in .7pt;width:12.05pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="545" valign="top" style="padding:0in .7pt 0in .7pt;width:408.85pt;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Power of Attorney
  (included as part of the signature pages to this Registration Statement).</font></p>
  </td>
 </tr>
</table>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II-7</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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</html>
[{"type": "S-8", "sequence": "1", "filename": "a04-8479_1s8.htm", "description": "S-8", "secsgml_size_bytes": 144243}]
{"company-data": {"conformed-name": "BALLARD POWER SYSTEMS INC", "cik": "0000933777", "assigned-sic": "3620", "irs-number": "000000000", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-117771", "film-number": "04940316"}, "business-address": {"street1": "9000 GLENLYON PARKWAY", "street2": "BURNABY", "city": "BRITISH COLUMBIA V5J", "state": "A1", "phone": "2128948940"}, "mail-address": {"street1": "111 EIGHTH AVE", "street2": "CT CORPORATION SYSTEM", "city": "NEW YORK", "state": "NY", "zip": "10011"}}
As
filed with the Securities and Exchange Commission on July 29, 2004
Registration
No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form S-8
REGISTRATION
STATEMENT UNDER
THE
SECURITIES ACT OF 1933
Ballard Power Systems Inc.
(Exact
name of registrant as specified in its charter)
Canada
Not
  Applicable
(State
  or other jurisdiction of incorporation or organization)
(I.R.S.
  Employer Identification No.)
4343
North Fraser Way
Burnaby,
British Columbia
Canada
V5J 5J9
(Address
of Principal Executive Offices)
Agreement
between Ballard Power Systems Inc. and Ross Witschonke dated October 3, 2003,
as amended
(Full
title of the plan)
Corporation
Trust Company
111
Eighth Avenue
New
York, New York 10011
(Name
and address of agent for service)
(212)
894-8940
(Telephone
number, including area code, of agent for service)
Copies
to:
Noordin
  S. K. Nanji, Esq.
John
  T. Gaffney, Esq.
Ballard
  Power Systems Inc.
Worldwide
  Plaza
4343
  North Fraser Way
Cravath,
  Swaine & Moore LLP
Burnaby,
  British Columbia
825
  Eighth Avenue
Canada
  V5J 5J9
New
  York, New York
(604)
  454-0900
10019-7475
(212)
  474-1000
CALCULATION
OF REGISTRATION FEE
Title of securities to be
registered
Amount
  to be
registered(1)
Proposed
  maximum offering price per share(2)
Proposed
  maximum aggregate offering price(2)
Amount
  of registration fee
Common Shares
66,208
U.S. $6.66
U.S. $440,945.28
U.S. $55.87
(1)
This Registration
  Statement also covers additional Common Shares of the registrant which may
  become issuable under the Agreement between Ballard Power Systems Inc. and
  Ross Witschonke dated October 3, 2003, as amended, by reason of any
  stock dividend, stock split, recapitalization or other similar transaction
  effected without the receipt of consideration which results in an increase in
  the number of the registrant's outstanding Common Shares.
(2)
Estimated solely for the
  purpose of calculating the registration fee in accordance with Rule 457. The
  proposed maximum aggregate offering price is based upon the average of the
  high and low prices of the Common Shares reported on the Nasdaq National
  Market on July 28, 2004.
PART I
INFORMATION
REQUIRED IN THE SECTION 10(a) PROSPECTUS
The document(s) containing the information specified
in Part I of Form S-8 have been or will be sent or given to
participating employees as specified by Rule 428(b)(1) under the
Securities Act of 1933, as amended (the "Securities Act").  In accordance with the rules and regulations
of the Securities and Exchange Commission (the "SEC") and the Note to
Part I of Form S-8, such documents are not being filed with the SEC
either as part of this registration statement filed pursuant to the
requirements of Form S-8 (the "Registration Statement") or as prospectuses
or prospectus supplements pursuant to Rule 424 under the Securities
Act.  Such documents and the documents
incorporated by reference in this Registration Statement pursuant to
Item 3 of Part II of this Registration Statement, taken together,
constitute a prospectus that meets the requirements of Section 10(a) of
the Securities Act.
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PART II
INFORMATION
REQUIRED IN THE REGISTRATION STATEMENT
Item 3.    Incorporation of Documents by Reference
The following documents previously filed by the
registrant with the SEC are incorporated in this Registration Statement by
reference and shall be deemed a part hereof:
1.
The registrant's Annual
  Report on Form 40-F for the fiscal year ended December 31, 2003 filed on
  May 18, 2004.
2.
All other reports filed by
  the registrant under Section 13(a) or 15(d) of the Securities and Exchange
  Act of 1934, as amended (the "Exchange Act") since December 31, 2003.
3.
The description of the
  registrant's Common Shares contained in the registrant's Registration
  Statement on Form F-10 as filed with the SEC on December 11, 2002,
  including any amendment or report filed for the purpose of amending such
  description.
In addition, all reports and documents filed by the
registrant under Section 13(a), 13(c), 14 or 15(d) of the Exchange Act
after the date of this Registration Statement and prior to the filing of a
post-effective amendment which indicates that all securities being offered have
been sold or which deregisters all securities then remaining unsold, shall be
deemed to be incorporated by reference in and to be part of this Registration
Statement from the filing date of each such document.
Item 4.    Description of Securities
Not Applicable.
Item 5.    Interests of Named Experts and Counsel
Not Applicable.
Item 6.    Indemnification of Directors and Officers
Under the Canada Business Corporations Act (the "CBCA"),
the registrant may indemnify a present or former director or officer of the
registrant or another individual who acts or acted at the registrant's request
as a director or officer or an individual acting in a similar capacity, of
another entity, against all costs, charges and expenses, including an amount
paid to settle an action or satisfy a judgment, reasonably incurred by such
individual in respect of any civil, criminal, administrative or investigative
action, suit or proceeding (a "Proceeding") to which such individual is made a
party by reason of such individual's association with the registrant or other
entity and provided that such individual acted honestly and in good faith with
a view to the best interests of the registrant or, as the case may be, to the
best interests of the other entity for which the individual acted as director
or officer or in a similar capacity at the registrant's request and, in the
case of a criminal or administrative action or proceeding that is enforced by a
monetary penalty, had reasonable grounds for believing that such individual's
conduct was lawful.  The indemnification
may be made in connection with a derivative action only with court
approval.  Any of the individuals
described in the first sentence of this paragraph is entitled to
indemnification from the registrant as a matter of right if he or she was
substantially successful on the merits and fulfilled the conditions set forth
above.
The registrant has entered into an indemnity
agreement with each director, officer or employee of the registrant providing
that if such director, officer or employee is or was involved in any
threatened, pending or completed Proceeding by reason of the fact that such
director, officer or employee is or was a director or officer of the registrant
or is or was serving at the request of the registrant as a director or officer
of another entity, including service with respect to employee benefit plans,
whether the basis of such Proceeding is an alleged action in an official
capacity while serving as a director or officer, such director, officer or employee
will be indemnified and
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held harmless by the
registrant to the fullest extent authorized by and in the manner set forth in
the CBCA against all expense, liability and loss reasonably incurred or
suffered by such director, officer or employee in connection therewith.  Under such indemnity agreements, the
registrant may indemnify any of its directors, officers or employees in
connection with a Proceeding (or part thereof) initiated by such director,
officer or employee only if such Proceeding (or part thereof) is authorized by
the board of directors of the registrant or if such Proceeding is a successful
Proceeding, in whole or in part, by a director, officer or employee for claims
under an indemnity agreement.
The CBCA provides that the registrant may, subject to
and in accordance with the CBCA, purchase and maintain insurance for the
benefit of any of the individuals described in the first sentence of the first
paragraph of this Item 6 against any liability incurred by such individual
in such individual's capacity as a director or officer of the registrant or as
a director or officer, or similar capacity, of another entity at the registrant's
request.
The registrant maintains directors' and officers'
liability insurance.  The policies insure
(a) the directors and officers of the registrant against losses arising
from claims against them for certain of their actual or alleged wrongful acts
(as defined within the insurance policy), (b) the registrant for payments made
pursuant to the registrant's indemnification of its directors and officers and
(c) the registrant when it is directly named in a securities claim.  The policies provide a maximum coverage in
any one policy year of U.S. $35 million in annual claims (subject to
deductibles of U.S. $200,000 to U.S. $500,000 per claim, payable by
the registrant).  The annual premium in
the current policy year was U.S. $1,247,250.  The premiums for the policies were not
allocated between directors and officers as separate groups.
Item 7.    Exemption from Registration Claimed
Not Applicable.
Item 8.    Exhibits
The following exhibits are filed as part of this
Registration Statement:
Exhibit No.
Description
4.1
Restated Articles of
  Incorporation of the registrant (filed as an exhibit to Registration
  Statement No. 333-89414 and incorporated herein by reference thereto).
4.2
By-laws of the registrants
  (filed as an exhibit to Registration Statement No. 333-89414 and
  incorporated herein by reference thereto).
5.1
Opinion of Stikeman
  Elliott LLP regarding the legality of the securities being offered hereby.
23.1
Consent of KPMG LLP.
23.2
Consent of Stikeman
  Elliott LLP (contained in Exhibit 5.1).
24.1
Power of Attorney
  (included as part of the signature pages to this Registration Statement).
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Item 9.    Undertakings
(a)           The
undersigned registrant hereby undertakes:
(1)
To file, during any period
  in which offers or sales are being made, a post-effective amendment to this
  Registration Statement to include any material information with respect to
  the plan of distribution not previously disclosed in the Registration
  Statement or any material change to such information in the Registration
  Statement;
(2)
That, for the purpose of
  determining any liability under the Securities Act of 1933, each such
  post-effective amendment shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of such
  securities at that time shall be deemed to be the initial bona fide offering
  thereof.
(3)
To remove from
  registration by means of a post-effective amendment any of the securities
  being registered which remain unsold at the termination of the offering.
(b)
The undersigned registrant
  hereby undertakes that, for purposes of determining any liability under the
  Securities Act of 1933, each filing of the registrant's annual report
  pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of
  1934 (and, where applicable, each filing of an employee benefit plan's annual
  report pursuant to section 15(d) of the Securities Exchange Act of 1934) that
  is incorporated by reference in the registration statement shall be deemed to
  be a new registration statement relating to the securities offered therein,
  and the offering of such securities at that time shall be deemed to be the
  initial bona fide offering thereof.
(c)
Insofar as indemnification
  for liabilities arising under the Securities Act of 1933 may be permitted to
  directors, officers, and controlling persons of the registrant pursuant to
  the foregoing provisions, or otherwise, the registrant has been advised that
  in the opinion of the Securities and Exchange Commission such indemnification
  is against public policy as expressed in the Securities Act of 1933 and is,
  therefore, unenforceable. In the event that a claim for indemnification
  against such liabilities (other than the payment by the registrant of
  expenses incurred or paid by a director, officer or controlling person of the
  registrant in the successful defense of any action, suit or proceeding) is
  asserted by such director, officer or controlling person in connection with
  the securities being registered, the registrant will, unless in the opinion
  of its counsel the matter has been settled by controlling precedent, submit
  to a court of appropriate jurisdiction the question whether such
  indemnification by it is against public policy as expressed in the Securities
  Act of 1933 and will be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act of
1933, the registrant certifies that it has reasonable grounds to believe that
it meets all of the requirements for filing on Form S-8 and has duly caused
this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the city of Burnaby, Canada on this 29th day of
July, 2004.
BALLARD POWER SYSTEMS INC.
By:
/s/ Noordin S. K. Nanji
Name: Noordin S. K. Nanji
Title: Vice-President,
  Marketing & Business
Development and Corporate Secretary
POWER
OF ATTORNEY
Each of the registrant and each director or officer
of the registrant whose individual signature appears below hereby appoints
Noordin Nanji and David Smith, and each of them, any of whom may act without
the joinder of the others, as the true and lawful attorney-in-fact and agent of
the undersigned, in any and all capacities, with full power of substitution, to
sign any and all amendments to this Registration Statement (including
post-effective amendments), and, in connection with any registration of
additional securities, to sign any abbreviated registration statement and any
and all amendments thereto, and to file the same with exhibits thereto and
other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact, and each of them, full power
and authority to do and perform each and every act and thing requisite and
necessary to be done, as fully to all intents and purposes as the undersigned
might or could do in person, hereby ratifying and confirming all that each said
attorney-in-fact and agent, or his substitute or substitutes, may lawfully do
or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of
1933, this Registration Statement has been signed by the following persons in
the capacities and on the dates indicated.
Signature
Title
Date
/s/ Dennis Campbell
President
  and Chief Executive
July
  29, 2004
Dennis
  Campbell
Officer
/s/ David Smith
Chief
  Financial Officer
July
  29, 2004
David
  Smith
/s/ Jay Dent
Corporate
  Controller
July
  29, 2004
Jay
  Dent
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/s/ A. Charles Baillie
Director
July
  29, 2004
A.
  Charles Baillie
Director
Ian A.
  Bourne
Director
Ed
  Kilroy
/s/ Denise Morrison
Director
July
  29, 2004
Denise
  Morrison
/s/ David Prystash
Director
July
  29, 2004
David
  Prystash
/s/ Dr. Gerhard Schmidt
Director
July
  29, 2004
Dr.
  Gerhard Schmidt
Director
Dr.
  -Ing. Hans-Joachim Schöpf
/s/ John Sheridan
Director
July
  29, 2004
John
  Sheridan
Director
Mark
  Suwyn
/s/ Dr. Thomas Weber
Director
July
  29, 2004
Dr.
  Thomas Weber
/s/ Douglas W. G.
  Whitehead
Director
July
  29, 2004
Douglas
  W. G. Whitehead
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AUTHORIZED
REPRESENTATIVE
Pursuant to the requirements of Section 6(a) of the
Securities Act of 1933, the undersigned has signed this Registration Statement,
solely in the capacity of the duly authorized representative of the Registrant
in the United States on this 29th day of July, 2004.
By:
/s/ Noordin S. K. Nanji
Noordin S. K. Nanji
Vice-President, Marketing
  & Business
Development and Corporate Secretary
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INDEX
TO EXHIBITS
Exhibit
Description
4.1
Restated Articles of
  Incorporation of the registrant (filed as an exhibit to Registration
  Statement No. 333-89414 and incorporated herein by reference thereto).
4.2
By-laws of the registrant
  (filed as an exhibit to Registration Statement No. 333-89414 and
  incorporated herein by reference thereto).
5.1
Opinion of Stikeman
  Elliott LLP regarding the legality of the securities being offered hereby.
23.1
Consent of KPMG LLP.
23.2
Consent of Stikeman
  Elliott LLP (contained in Exhibit 5.1).
24.1
Power of Attorney
  (included as part of the signature pages to this Registration Statement).
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