World Moto, Inc.: Exhibit 10.1 - Filed by newsfilecorp.com






BOARD OF DIRECTORS AGREEMENT

This Agreement is made by World Moto Inc. (“Company”), a Nevada
corporation and Julpas "Tom" Kruesopon (“Mr. Kruesopon”), and is effective as of
December 19th, 2012 (“Effective Date”). Company and Mr. Kruesopon
agree as follows:

Section 1. Engagement of Services

Company has requested Mr. Kruesopon and Mr. Kruesopon has
agreed to act as a member of the Company’s Board of Directors. As such, Mr.
Kruesopon shall use reasonable efforts to attend meetings as requested from
time-to-time by the Company’s CEO and to render advice on issues discussed at
such meetings. In addition, Mr. Kruesopon will consult on general Company
strategy, new business development, potential acquisitions and advise the
Company’s CEO and Board of Directors on ad hoc matters (the “Services”).

Section 2. Compensation

In consideration of the Services, Company will issue Mr.
Kruesopon a total of 500,000 shares of restricted common stock of the Company
and will pay Mr. Kruesopon a one-time fee of $10,000.00 USD for the period
ending one year from the date of the Effective Date (“the Term”). The restricted
stock shall vest in its entirety on the 1st anniversary date of Mr.
Kruesoporn's appointment to the board, and the restricted period will expire 90
days after Mr. Kruesoporn ceases to be a member of the Board for any reason.
This sum shall be compensation for up to 1 meeting during the Term. The time and
place of such meeting will be designated by the Company’s CEO and shall be
subject to the availability of Mr. Kruesopon. Any additional director’s meetings
attended by Mr. Kruesopon in excess of 1 meeting per year shall be compensated
at the rate of $1,000.00 USD per meeting. Additionally, the sum of $3,000.00 USD
shall be paid for attending the Company's annual meeting. In addition, Mr.
Kruesopon will be reimbursed for his reasonable expenses incurred in rendering
the Services. The fee shall be paid promptly upon signing of this Agreement. All
other amounts will be paid within 30 days of the Company’s receipt of Mr.
Kruesopon’s invoice.

Section 3. Confidentiality

3.1 Confidential Information. As used in this Agreement,
“Confidential Information” means all nonpublic information disclosed by or
relating to the Company that is designated as confidential or that, given the
nature of the information or the circumstances surrounding its disclosure,
reasonably should be considered as confidential. Confidential Information
includes, without limitation, (i) all nonpublic information relating to
Company’s technology, customers, business plans, promotional and marketing
activities, finances and other business affairs, and (ii) all third-party
information that the Company is obligated to keep confidential. Confidential
Information may be contained in tangible materials, such as drawings, data,
specifications, reports and computer programs, or may be in the nature of
unwritten knowledge.

3.2 Exclusions. “Confidential Information” does not
include any information that (i) is or becomes publicly available without breach
of this Agreement, (ii) can be shown by
documentation to have been known to Mr. Kruesopon at the time of its receipt from the Company, (iii) is received from a third party who did not acquire or disclose such information by a wrongful or tortious act, or (iv) can be shown by documentation
to have been independently developed by Mr. Kruesopon without reference to any Confidential Information.


3.3 Use of Confidential Information. Mr. Kruesopon may use Confidential Information only in pursuance of his relationship with the Company. Except as expressly provided in this Agreement, Mr. Kruesopon will not disclose Confidential
Information to anyone without Company’s prior written consent. Mr. Kruesopon will take all reasonable measures to avoid disclosure, dissemination or unauthorized use of Confidential Information, including, at a minimum, those measures it takes
to protect his own confidential information of a similar nature. Mr. Kruesopon will segregate Confidential Information from the confidential materials of third parties to prevent commingling.









Section 4. Independent Contractor


Mr. Kruesopon shall be an independent contractor in the performance of the Services. This Agreement shall not be interpreted as creating an association, joint venture, or partnership relationship between the parties or as imposing any employment, or
partnership obligation, or liability on any party. Mr. Kruesopon shall not be entitled to, and shall not attempt to, create or assume any obligation, express or implied, on behalf of Company. Company shall have no obligation to withhold or pay
income tax, workers’ compensation, pension, deferred compensation, welfare, insurance, and other employee taxes on behalf of Mr. Kruesopon.


Section 5. General Provisions


5.1. Term. This Agreement is effective as of the Effective Date and will continue for a term of one year, to renew annually automatically, unless terminated by either party with 30 days notice.


5.2 Governing Law. The laws of the State of Nevada, U.S.A. shall govern this Agreement.


5.3 Entire Agreement. This Agreement sets forth the entire understanding and agreement of the parties as to the subject matter of this Agreement. It may be changed only by written amendment signed by the parties.


Paul Giles 


Signature:_______________________      Date:____________________
 


  Julpas Kruesopon 








Signature:_______________________      Date:____________________