Plot hole: When Bond and Tibbett break into the underground lab and find the device which drugs the racehorses, you can see that it has a large light emitting diode (LED) on the top of it. What possible use would that be, since the device is implanted in the horse's leg, and is supposed to be covert? (00:37:20)
Plot hole: If the curse counts an eclipse as night, then Navarre should have turned into a wolf during the eclipse. If the curse does not count the eclipse as night, then Isabeau should have remained a hawk. In neither case would they both have been human at the same time.
Suggested correction: That is the whole point; it is neither day nor is it night. Each only suffers the curse when it is specifically day or specifically night. Any time it is not one of those two events, the curse is not active, as shown earlier in the movie when both are human for seconds during a time in between day and night.
Plot hole: When Dudikoff gets Ninja training from the old gardener before his final confrontation with Black Star Ninja, the gardener says "The time has come for your final lesson" and then introduces him to the throwing star and the ninja sword. If this is the final lesson and he's only being introduced to these weapons now, how come Dudikoff used these weapons successfully earlier, against about 15 ninjas in the fight at the warehouse trap?
Suggested correction: The lesson was the use of "ninja magic" symbols, not the weaponry.