X0202 4 2005-07-01 0 0001085113 ASIA PAYMENT SYSTEMS APYM 0001265662 MECKE MATTHEW R 800 5TH AVENUE SUITE 4100 SEATTLE WA 98104 1 1 0 0 Vice Chairman, President & CEO Option 0.85 2005-07-01 4 M 0 50000 0.85 A 2005-10-01 2008-10-01 Common Stock 50000 2419000 D Option 0.85 2005-07-01 4 M 0 50000 0.85 A 2006-01-01 2009-01-01 Common Stock 50000 2469000 D Option 0.85 2005-07-01 4 M 0 50000 0.85 A 2006-04-01 2009-04-01 Common Stock 50000 2519000 D Option 0.85 2005-07-01 4 M 0 50000 0.85 A 2006-07-01 2009-07-01 Common Stock 50000 2569000 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2007-07-01 2010-07-01 Common Stock 62500 2631500 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2007-10-01 2010-10-01 Common Stock 62500 2694000 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2008-01-01 2011-01-01 Common Stock 62500 2756500 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2008-04-01 2011-04-01 Common Stock 62500 2819000 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2008-07-01 2011-07-01 Common Stock 62500 2881500 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2008-10-01 2011-10-01 Common Stock 62500 2944000 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2009-01-01 2012-01-01 Common Stock 62500 3006500 D Warrant 0.85 2005-07-01 4 M 0 62500 0.85 A 2009-04-01 2012-04-01 Common Stock 62500 3069000 D /s/ Matt Mecke 2005-07-13