Exhibit 10.11 [exhibit1011001.jpg] MANAGEMENT EMPLOYMENT AGREEMENT THISEMPLOYMENTAGREEMENT(this"Agreement")ismadeandenteredintoasofFebruary4, 2016byandbetweenMobetizeCanadaInc.("MOBETIZEortheCompany"),aBritishColumbia Companywithofficesat1150-510BurrardStreet,Vancouver,BC,V6C3A8,CanadaandElena Karamushko at 204-2638Ash Street, Vancouver,BC,V5Z4K3, Canada(the "Employee"). W I TNE SSE T H: WHEREAS, MOBETIZE is engaged in the business of providing various types of mobile payments andmobile valueaddedservices;and WHEREAS,theEmployee,byeducationandexperience,possessesqualificationstoserveasan Employee ofMOBETIZE; and WHEREAS,MOBETIZEandEmployeewishtoconfirmthetermsandconditionsofsuch Employee relationshipas hereinafter set forth.  1. Position and Job Description of Employee EmployeespositionwithMOBETIZEisaChiefFinancialOfficer.Employeewillreportto Ajay Hans, CEOand MobetizeBoard of Directors.Please note thatthefunctionslistedbeloware not all inclusiveandmay  atthesolediscretionofMOBETIZEbechangedtofitthebusinessneedsof MOBETIZE.  At present, the details are as follows: Scope of the contract is outlined in Schedule A  scope of Work Doc.  2. Term MOBETIZE  hereby  agrees  to  employ  Employee  and  Employee  hereby  accepts  employment pursuant  tothe  terms  and  provisions  of  this  Agreement,  effective  February4,  2016.  Employee  also understandsandagreesthatthetermsofthisAgreementinSections:4,"Confidentiality,Assignmentof WorkandNon-Solicitation"(ScheduleB,attachedhereto)shallsurviveterminationoftheother provisions of this Agreement. The Agreement may be terminated in accordance with Article 5, as set forth below.  3. Compensation EmployeesremunerationwillbeCAD$10,416.67permonthandwillbepaidsemi-monthlyon the15thandlastdayofthecalendarmonth.Inaddition,theEmployeewillbeallocated120,000signin stock options vesting immediately from the Employee Stock Options Plan (ESOP). Employeewillalsobeentitledto3weeksvacationpayinacalendaryearandtheCompanys extended healthcare and dental plan. Page 1 of 7   Exhibit 10.11  4. Confidentiality, Assignment of Works and Non-Solicitation ThetermsoftheConfidentiality/AssignmentofWorksandNon-SolicitationAgreement (attachedasScheduleB)shallformpartofthisAgreement,andanybreachoftheattached Confidentiality/AssignmentofWorksandNon-SolicitationAgreementshallbedeemedabreachofthis Agreement.  5. Termination of Employment It is agreed that any termination of Employees employment shall occur on the following basis:  (a) Without notice by MOBETIZE if just cause for termination exists.  (b) Employeemay  resignongivingMOBETIZEfour(4)weekswrittennoticeofthe effective date of Employees resignation.  (c) UponterminationofthisAgreementfornocause,remunerationpaymentswillcontinue according to British Columbia Employment Standards Act.  6. No Conflict with Prior Obligations EmployeeherebyrepresentsandwarrantstoMOBETIZEthatEmployeeisnotapartytoany agreement,orotherwiseboundbyanydutytoanotherpartythatmay,inanyway,restrictEmployees rightorabilitytoenterintothisAgreementorperformtheservicecontemplatedunderthisAgreement. Employeefurtherrepresentsandwarrantsthatinperformanceoftheservicescontemplatedunderthis Agreement  Employeewill  not  discloseor  use  any  confidential  information  belonging  to  any  prior employer or other persons or entities.  7. Computer Access and E-Mail Employee  agrees  to  comply  with  all  reasonable  rules  and  restrictions  that  MOBETIZE  may impose on the use of computers, e-mail accounts and Internet access.  In particular: (a)  Information stored or transmitted on MOBETIZEs computers including E-mail is, and remains at all times, the property of MOBETIZE. MOBETIZE reserves the right to access any such information. As a result, Employee has no expectation of privacy with respect to this information. (b)ItisEmployeesresponsibilitytokeepEmployeespassword(s)secret.Employeemaynotshare Employeespasswords(s)withanyone,andEmployeeisresponsibleforallactivityperformedwith Employees personal user ID or password.  8. General (a)   TheCompanyagreestodefendandindemnifytheEmployeeforanyclaimorcauseofaction (including any legal costs incurred to defend such claims) asserted against the Employee in any forum based onactions takenby the Employeeinthecourse andscopeof hisperformanceofhis consulting duties under this Agreement (b)ThisAgreementshallinuretothebenefitofandshallbebindinguponeachofthepartieshereto and  their  respective  successors,  assigns  and  personal  representatives,  except  that  theEmployee's rights  and  interests  under  this  Agreement  maynot  be  assigned,  pledged  or  encumbered  byhim withoutMOBETIZE'spriorwrittenconsent.This  Agreement,  andtherightsofMOBETIZE hereunder,maybeassignedbyMOBETIZEwithoutanyrequirementofconsentbytheEmployee; Page 2 of 7   Exhibit 10.11 provided,however,thattheperformanceoftheobligationsandcovenantsofMOBETIZEhereunder shall be binding upon such assignee or successor of MOBETIZE. (c)ThisAgreementconstitutestheentireagreementbetweenthepartieswithrespecttothesubject matter hereof, and supersedes all other agreements between them. (d)   Nomodification,amendmentorwaiverofanyprovisionofthisAgreementshallbeeffective unless approved in writing by the parties hereto. (e)   IfanyprovisionofthisAgreementshallbeheldtobeunenforceable,suchprovisionshallbe ineffectiveonlytotheextentofsuchprohibitionorinvaliditywithoutinvalidatingtheremainderof such provision or the remaining provisions of this Agreement. (f)ThisAgreementshallbegovernedbyandconstruedinaccordancewiththelawsoftheprovince of British Columbia, Canada. (g)     AllpaymentsmadetoEmployeeunderthisAgreementshallbesubjecttoapplicable withholdings,  and/or  deductions  required  by  any  Federal,  local  law,  statute,  regulation,  or  other authority.  9. Notices Any notices required by this agreement shall be given by hand, by facsimile, by overnight mail by a recognized overnight courier, or sent by first class mail to the applicable address as follows: If totheCompany, toitat: MobetizeCanada Inc. 1150-510Burrard Street Vancouver,BC,V6C 3A8 Canada Attention:AjayHans -CEO ahans@mobetize.com If toEmployee, toher at: Elena Karamushko 204-2638 Ash Street Vancouver, BCV5Z4K3 Canada Email:elenakar7@gmail.com EitherpartymayfromtimetotimespecifyasitsaddressforpurposesofthisAgreementanyother addressupongivingten(10)dayswrittennoticethereoftotheotherparty.Noticeshallbedeemedgiven; whengivenifgivenby  hand;whensentby  facsimileif  thesenderhasacontemporaneouswritten confirmationfromthemachinefromwhichitwassent,acceptthatifsentduringnon-businesshoursofthe recipient, then notice shall be deemed given at the commencement of the regular business hours of recipient; ifdeliveredbyfirstclassmail,five(5)daysafterdepositinaPostalServicemailbox;ifbyrecognized overnightcourier, whendelivered. Page 3 of 7   Exhibit 10.11 INWITNESSWHEREOF,thisAgreementhasbeenduly executedby oronbehalfoftheparties hereto as ofthedayand year firstabove written. MOBETIZECANADAINC. BY:  MalekLadki, Chairman BY:  AjayHans,CEO Employee ElenaKaramushko BY:  ElenaKaramushko Page 4 of 7   Exhibit 10.11 Schedule "A"  Scope of Work The Services to be provided shall include: ToleadandoverseetheFinance functionofthecompany; To overseethe companys capitalraising activities and valuation functions To lead and oversee the implementation of the Companys long and short term plans in accordance with itsstrategy; ToensuretheCompanyisappropriatelyorganizedandstaffedandtohavetheauthoritytohireand terminatestaffasnecessaryto enableittoachievethe approvedstrategy; Toensurethatexpendituresof theCompanyare withinthe authorizedannualbudgetoftheCompany; ToassesstheprincipalrisksoftheCompanyandtoensurethattheserisksarebeingmonitoredand managed; Toensureeffectiveinternalcontrolsandmanagementinformationsystems areinplace; ToensurethattheCompany hasappropriatesystemstoenableittoconductitsactivitiesbothlawfully andethically; Toensure thatthe Company maintains highstandards ofcorporatecitizenship and socialresponsibility wherever itdoes business; Toactas aliaisonbetweenmanagementandthe Board; TokeepabreastofallmaterialundertakingsandactivitiesoftheCompanyandallmaterialexternal factorsaffectingtheCompanyandtoensurethatprocessesandsystemsareinplacetoensurethatthe Executivesand managementoftheCompanyareadequatelyinformed; ToensurethattheDirectorsareproperlyinformedandthatsufficientinformationisprovidedtothe Board toenabletheDirectors to formappropriate judgements; Page 5 of 7   Exhibit 10.11 Schedule "B" Employee Confidentiality / Assignment of Works & Non-Solicitation Agreement  1. Confidentiality Employeeagreesthatduringthecourseofhisorherconsultancy withMOBETIZEandafterward,to keepconfidentialand  refrainfrom  using,directly  orindirectly,allinformation  knownorused  by MOBETIZE in its activities, including, but not limited to: (a)all of MOBETIZEs confidential and proprietary information, including, plans, designs, concepts, techniques,processes,costdata,computercode,algorithms,softwareprograms,formulas, development or experimental work, work in process, or other know-how or trade secrets; (b)   anyfinancialinformation,includingMOBETIZEbudgets,costs,sales,income,profits,salaries and wages; (c)   informationconcerningbusinessopportunities,clientsandcustomersofMOBETIZEincluding all collaborations, ventures or joint ventures considered by MOBETIZE, whether or not pursued; (d)   anyandallknow-how,andanyandalloral,written,electronicorothercommunicationsand other information disclosed or provided by MOBETIZE including any and all analyses or conclusions drawn or derived therefrom; (e)  customer and client lists and contact information (f)informationregardingMOBETIZEsspecializedcommunicationssolutionsandsystemsusedby MOBETIZE for the rendering of services to its customers and clients; and Further,EmployeeacknowledgesthatMOBETIZEreceivesconfidentialorproprietary informationfromthirdpartiesforcertainlimitedpurposesintheordinarycourseofitsbusiness. Employeeagreestoholdsuchinformationinthestrictestconfidenceandnottousesuchinformationfor thebenefitofanyoneotherthanMOBETIZEorsuchthirdparty,withouttheexpressauthorizationin writing from MOBETIZE. Confidential information shall not include information that: (a)  is publicly available (other than as a result of a breach of this Agreement); (b)  is known by  Employee prior to  his employment with MOBETIZE. Page 6 of 7   Exhibit 10.11  2. Non-Solicitation of Customers, Clients and Employees WhileEmployeeisemployedbyMOBETIZEandfortheperiodoftwelve(12)months immediatelyfollowingtheterminationofEmployeesemploymentwithMOBETIZE,Employeeortheir Employee will not, directly or indirectly, solicit: (a)any customer orclient ofMOBETIZEforthe purpose of selling or supplyingto such clients, any productsorserviceswhicharecompetitivewiththeproductsorservicesdeveloped,sold,marketed, licensedorsuppliedbyMOBETIZEatthetimeoftheterminationofmyemploymentwith MOBETIZE;  3. Return of MOBETIZE Property EmployeeagreestoreturntoMOBETIZE,immediatelyuponterminationofmyemployment, regardlessofhowthatterminationshouldoccur,alldesigns,devices,documents,specifications,business documents,computersoftware,lists,recordsfilesdata,andallothermaterialcontainingordisclosing ConfidentialInformationincludingcopiesoftheseitems,howevermadeorobtained,andwilldeleteany electronic copies or files of any such information.  5. Enforceability EmployeeacknowledgesthatallrestrictionscontainedinthisAgreementarereasonableand validandalldefensestothestrictenforcementofalloranyportionthereofbyMOBETIZEarehereby waivedby EmployeeorEmployee.Ifany clauseorportionofany suchclause shallbeunenforceableor declared  invalid  for  any  reason  whatsoever,  such  unenforceability  or  invalidity  shall  not  affect  the enforceabilityorvalidityoftheremainingportionsoftheAgreementandsuchunenforceableorinvalid portion shall be severed from the remainder of this Agreement. EmployeefurtheragreesthatEmployeescovenantsandrepresentationscontainedinthis Agreement shall survive and continue to bind Employees and their Employee following the termination of any contract for Employees employment with MOBETIZE regardless of the reason for such termination. ACCEPTEDANDAGREEDTOTHIS04DAYOFFEBRUARY,2016.IHAVEREADAND UNDERSTANDTHETERMSANDCONDITIONSTHATARESETOUTINTHISSCHEDULE B TO THE EMPLOYMENT AGREEMENT. /s/ Elena Karamushko Elena Karamushko Page 7 of 7