X0202 3 2006-05-29 0 0001310261 POWER AIR CORP PWAC 0001347011 Kozak Remy 1303 283 DAVIE STREET VANCOUVER A1 V6B 5T6 BRITISH COLUMBIA, CANADA 0 1 0 0 See Remarks COMMON 100000 D OPTIONS 0.65 2006-04-01 2008-04-01 Common stock 400000 D OPTIONS 0.65 2006-08-29 2008-08-29 Common stock 200000 D Acquied on August 25, 2006 by way of bonus shares from treasury from the reporting issuer. These options were originally granted by the reporting issuer on April 1, 2006. These options were granted by the reporting issuer on August 29, 2006. President, Chief Executive Officer and Vice-President Corporate Development /s/ REMY KOZAK 2006-10-02