Document:

Filed by sedaredgar.com - Terrace Ventures Inc. - Exhibit 10.1

SHARE PURCHASE AGREEMENT 

THIS AGREEMENT is dated for reference as of the 29th day
of April, 2009. 

AMONG: 

  
    MARKTECH ACQUISITION CORP., a corporation
      duly formed under the laws of British Columbia with its principal office
      at 3045 Quennell Road, PO Box 13, Nanaimo, BC V9X 1K5 

    (hereinafter called the "Vendor") 

  

OF THE FIRST PART 

AND: 

  
    WORLDBID INTERNATIONAL INC., a company duly
      continued under the laws of Nevada with its principal office at Suite 201,
      801 Peace Portal Drive, Blaine, WA 98230 

    (hereinafter referred to as “Worldbid") 

  

OF THE SECOND PART 

AND: 

  
    TERRACE VENTURES INC., a Nevada corporation
      with its principal office at 810 Peace Portal Drive, Suite 202, Blaine,
      WA 98230 

    (hereinafter referred to as “Terrace") 

  

OF THE THIRD PART 

AND:

  
    GEOBIZ SYSTEMS INC., a Nevada corporation
      with its registered office at 8275 S. Eastern Avenue, Suite 200, Las Vegas,
      NV 89123 

    (hereinafter referred to as the "Purchaser") 

  

OF THE FOURTH PART 

WHEREAS: 

A.                       
Worldbid is a wholly-owned subsidiary of the Vendor; 

B.                       
The Purchaser has offered to purchase all of the issued and outstanding shares
of Worldbid from the Vendor; 

C.                       
The Vendor has agreed to sell to the Purchaser all of the issued and outstanding
shares of Worldbid held by the Vendor on the terms and conditions set forth
herein; 

D.                       
The Purchaser is a wholly-owned subsidiary of Terrace; and 

E.                       
In order to record the terms and conditions of the agreement among them the
parties wish to enter into this Agreement; 

NOW THEREFORE THIS AGREEMENT WITNESSES that in
consideration of the foregoing and of the sum of $1.00 paid by the Purchaser to
the Vendor, the receipt of which is hereby acknowledged, the parties hereto
agree each with the other as follows: 

1.                       
INTERPRETATION 

1.1                     
Where used herein or in any amendments or Schedules hereto, the following terms
shall have the following meanings: 

1

	 	(a) 	
      "Business" means the business in which Worldbid is
      engaged, namely:

	 	 	 	 
	 		(i) 	
      the operation of an international web-based
      business-to-business and government-to- business facilitation service;
      and

	 	 	 	 
	 		(ii) 	
      any other enterprise that is directly related to the
      foregoing.

	 	 	 	 
	 	(b) 	
      "Closing Date" means the tenth (10th) business
      day following the day on which the Vendor delivers the financial
      statements referred to in Article 5 to the Purchaser or such other date as
      may be mutually agreed upon by the parties hereto but in any event not
      more than one hundred five (105) days from the date of this
    Agreement.

	 	 	 	 
	 	(c) 	
      “Worldbid Financial Statements” means those draft
      unaudited financial statements of Worldbid as at April 30, 2007, attached
      as Schedule “A” hereto.

	 	 	 	 
	 	(d) 	
      "Terrace Audited Financial Statements" means those
      audited financial statements of Terrace as at April 30, 2008 filed with
      the SEC on August 13, 2008.

	 	 	 	 
	 	(e) 	
      "Terrace Financial Statements" means, collectively, the
      Terrace Audited Financial Statements and the Terrace Unaudited Financial
      Statements.

	 	 	 	 
	 	(f) 	
      “Terrace Unaudited Financial Statements” means those
      unaudited financial statements of Terrace as at January 31, 2009 filed
      with the SEC on March 13, 2009.

	 	 	 	 
	 	(g) 	
      “Securities Act” means the United States Securities Act
      of 1933, as amended.

	 	 	 	 
	 	(h) 	
      “SEC” means the United States Securities and Exchange
      Commission.

	 	 	 	 
	 	(i) 	
      "Worldbid Shares" means the 6,004,408 shares of the
      capital stock of Worldbid held by the Vendor, being all of the issued and
      outstanding shares of Worldbid.

1.2                     
All dollar amounts referred to in this Agreement are in United States funds,
unless expressly stated otherwise.

1.3                     
The following schedules are attached to and form part of this Agreement: 

	 	Schedule A 	- 	Worldbid
      Financial Statements 
	 	Schedule B 	- 	Employment, Service & Pension
      Agreements of Worldbid 

2.                       
PURCHASE OF SHARES 

2.1                     
The Vendor hereby covenants and agrees to sell, assign and transfer to the
Purchaser, and the Purchaser covenants and agrees to purchase from the Vendor,
the Worldbid Shares held by the Vendor. 

2.2                     
The consideration payable by the Purchaser to the Vendor for the purchase of the
Worldbid Shares shall be $250,000 (the “Purchase Price”). The Purchase Price
shall be paid and satisfied as follows: 

	 	(a) 	
      $10,000 on the Closing Date; and;

	 	 	 	 
	 	(b) 	
      the issuance to the Vendor at Closing of promissory notes
      as follows:

	 	 	 	 
	 		(i) 	
      $15,000 payable 6 months following Closing, with no
      interest;

	 	 	 	 
	 		(ii) 	
      $50,000 payable 12 months following Closing, with no
      interest;

	 	 	 	 
	 		(iii) 	
      $75,000 payable 24 months following Closing, with no
      interest; and

	 	 	 	 
	 		(iv) 	
      $100,000 payable 36 months following Closing, with no
      interest,

2

which notes shall be convertible from
time to time in whole or in part at the option of the holder into common shares
of Terrace at a price of $0.05 per share. 

3.                       
COVENANTS, REPRESENTATIONS AND WARRANTIES OF THE
VENDOR

                          The
Vendor covenants with and represents and warrants to the Purchaser and Terrace
as follows, and acknowledges that the Purchaser and Terrace are relying upon
such covenants, representations and warranties in connection with the purchase
by the Purchaser of the Worldbid Shares: 

3.1                     
Worldbid has been duly incorporated and organized, is a validly existing
corporation and is in good standing under the laws of Nevada; it has the
corporate power to own or lease its property and to carry on the Business; it is
duly qualified as a corporation to do business and is in good standing with
respect thereto in each jurisdiction in which the nature of the Business or the
property owned or leased by it makes such qualification necessary; and it has
all necessary licenses, permits, authorizations and consents to operate its
Business in accordance with the terms of its business plan. 

3.2                     
The authorized capital of Worldbid consists of Two Hundred Million (200,000,000)
shares, of which One Hundred Million (100,000,000) shares are common stock, with
a par value of $0.001 per share, and One Hundred Million (100,000,000) shares
are preferred stock, with a par value of $0.001 per share. There are 6,004,408
shares of common stock and no shares of preferred stock issued and outstanding.

3.3                     
The Worldbid Shares owned by the Vendor are owned by it as the beneficial and
recorded owner with good and marketable title thereto, free and clear of all
mortgages, liens, charges, security interests, adverse claims, pledges,
encumbrances and demands whatsoever. 

3.4                     
No person, firm or corporation has any agreement or option or any right or
privilege (whether by law, pre-emptive or contractual) capable of becoming an
agreement or option for the purchase from the Vendor of any of the Worldbid
Shares held by it. 

3.5                     
No person, firm or corporation has any agreement or option, including
convertible securities, warrants or convertible obligations of any nature, or
any right or privilege (whether by law, pre-emptive or contractual) capable of
becoming an agreement or option for the purchase, subscription, allotment or
issuance of any of the unissued shares in the capital of Worldbid or of any
securities of Worldbid. 

3.6                     
Worldbid does not have any subsidiaries or agreements of any nature to acquire
any subsidiary or to acquire or lease any other business operations and will not
prior to the Closing Date acquire, or agree to acquire, any subsidiary or
business without the prior written consent of the Purchaser. 

3.7                     
Worldbid will not, without the prior written consent of the Purchaser, issue any
additional shares from and after the date hereof to the Closing Date or create
any options, warrants or rights for any person to subscribe for or acquire any
unissued shares in the capital of Worldbid. 

3.8                     
Worldbid is not party to or bound by any guarantee, warranty, indemnification,
assumption or endorsement or any other like commitment of the obligations,
liabilities (contingent or otherwise) or indebtedness of any other person, firm
or corporation. 

3.9                     
The books and records of Worldbid fairly and correctly set out and disclose in
all material respects, in accordance with generally accepted accounting
principles, the financial position of Worldbid as at the date hereof, and all
material financial transactions of Worldbid relating to the Business have been
accurately recorded in such books and records. 

3.10                    The
Worldbid Financial Statements present fairly the assets, liabilities (whether
accrued, absolute, contingent or otherwise) and the financial condition of
Worldbid as at the date thereof and there will not be, prior to the Closing
Date, any material increase in such liabilities other than increases arising as
a result of carrying on the Business in the ordinary and normal course. 

3.11                   
The entering into of this Agreement and the consummation of the transactions
contemplated hereby will not result in the violation of any of the terms and
provisions of the constating documents or bylaws of Worldbid 

3

or the Vendor or of any indenture, instrument or agreement,
written or oral, to which Worldbid or the Vendor may be a party. 

3.12                    The
entering into of this Agreement and the consummation of the transactions
contemplated hereby will not, to the best of the knowledge of Worldbid and the
Vendor, result in the violation of any law or regulation of the Canada or the
United States or of any states in which they are resident or in which the
Business is or at the Closing Date will be carried on or of any municipal bylaw
or ordinance to which Worldbid or the Business may be subject. 

3.13                   
This Agreement has been duly authorized, validly executed and delivered by
Worldbid and the Vendor. 

3.14                   
The Business has been carried on in the ordinary and normal course by Worldbid
since the date of the Worldbid Financial Statements and will be carried on by
Worldbid in the ordinary and normal course after the date hereof and up to the
Closing Date. 

3.15                   
No capital expenditures in excess of $5,000 will be made or authorized by
Worldbid after the date hereof and up to the Closing Date without the prior
written consent of the Purchaser. 

3.16                   
Except as disclosed in Schedule “B” hereto, Worldbid is not a party to any
written or oral employment, service or pension agreement, and, Worldbid does not
have any employees who cannot be dismissed on not more than one month's notice
without further liability. 

3.17                   
Worldbid does not have outstanding any bonds, debentures, mortgages, notes or
other secured indebtedness, and Worldbid is not under any agreement to create or
issue any bonds, debentures, mortgages, notes or other indebtedness, except
liabilities incurred in the ordinary course of business. 

3.18                   
Worldbid is not the owner, lessee or bound under any agreement to own or lease,
any real property. 

3.19                   
Worldbid owns, possesses and has good and marketable title to its undertaking,
property and assets, and without restricting the generality of the foregoing,
all those assets described in the balance sheet included in the Worldbid
Financial Statements, free and clear of any and all mortgages, liens, pledges,
charges, security interests, encumbrances, actions, claims or demands of any
nature whatsoever or howsoever arising. 

3.20                   
Except as disclosed herein Worldbid does not have any outstanding material
agreements, contracts or commitments, whether written or oral, of any nature or
kind whatsoever, including, but not limited to, employment agreements, except:

	 	(a) 	
      agreements, contracts and commitments in the ordinary
      course of business;

	 	 	 
	 	(b) 	
      service contracts on office equipment; and

	 	 	 
	 	(c) 	
      the employment and services agreements described in the
      Schedules hereto.

3.21                   
There are no material actions, suits or proceedings (whether or not purportedly
on behalf of Worldbid), pending or threatened against or affecting Worldbid or
affecting the Business, at law or in equity, or before or by any federal, state,
municipal or other governmental department, commission, board, bureau, agency or
instrumentality, domestic or foreign and neither Worldbid nor the Vendor is
aware of any existing ground on which any such action, suit or proceeding might
be commenced with any reasonable likelihood of success. 

3.22                   
Worldbid is not in material default or breach of any contracts, agreements,
written or oral, indentures or other instruments to which it is a party and
there are no facts, which, after notice or lapse of time or both, that would
constitute such a default or breach, and all such contracts, agreements,
indentures or other instruments are now in good standing and Worldbid is
entitled to all benefits thereunder. 

3.23                   
To the best of the knowledge of Worldbid and the Vendor, the conduct of the
Business does not infringe upon the patents, trade marks, trade names or
copyrights, domestic or foreign, of any other person, firm or corporation. 

4

3.24                   
To the best of the knowledge of Worldbid and the Vendor, Worldbid is conducting
and will conduct the Business in compliance with all applicable laws, rules and
regulations of each jurisdiction in which the Business is or will be carried on,
Worldbid is not in material breach of any such laws, rules or regulations and
is, or will be on the Closing Date, fully licensed, registered or qualified in
each jurisdiction in which Worldbid owns or leases property or carries on or
proposes to carry on the Business to enable the Business to be carried on as now
conducted and its property and assets to be owned, leased and operated, and all
such licenses, registrations and qualifications are or will be on the Closing
Date valid and subsisting and in good standing and that none of the same
contains or will contain any provision, condition or limitation which has or may
have a materially adverse effect on the operation of the Business. 

3.25                   
All facilities and equipment owned or used by Worldbid in connection with the
Business are in good operating condition and are in a state of good repair and
maintenance. 

3.26                   
Worldbid has made full disclosure to the Purchaser of all aspects of the
Business and has made all of its books and records available to the
representatives of the Purchaser in order to assist the Purchaser in the
performance of its due diligence searches and no material facts in relation to
the Business have been concealed by Worldbid or the Vendor. 

3.27                   
There are no material liabilities of Worldbid of any kind whatsoever, whether or
not accrued and whether or not determined or determinable, in respect of which
Worldbid or the Purchaser may become liable on or after the consummation of the
transaction contemplated by this Agreement, other than liabilities which may be
reflected on the Worldbid Financial Statements, liabilities disclosed or
referred to in this Agreement or in the Schedules attached hereto, or
liabilities incurred in the ordinary course of business and attributable to the
period since the date of the Worldbid Financial Statements, none of which has
been materially adverse to the nature of the Business, results of operations,
assets, financial condition or manner of conducting the Business. 

3.28                   
The Articles, bylaws and other constating documents of Worldbid in effect with
the appropriate corporate authorities as at the date of this Agreement will
remain in full force and effect without any changes thereto as at the Closing
Date. 

3.29                   
The directors and officers of Worldbid are as follows: 

	 	Name 	Position 
	 	Logan B. Anderson 	
      Chief Executive Officer, Chief Financial Officer,
      President, Secretary, Treasurer and Director 

	 	Paul Wagorn 	
      Chief Technical Officer 

4.                      
 COVENANTS, REPRESENTATIONS AND WARRANTIES OF THE PURCHASER AND
TERRACE 

                          The
Purchaser and Terrace covenant with and represent and warrant to the Vendor as
follows and acknowledge that the Vendor is relying upon such covenants,
representations and warranties in entering into this Agreement: 

4.1                     
The Purchaser has been duly incorporated and organized and is validly subsisting
under the laws of the State of Nevada; it has the corporate power to own or
lease its properties and to carry on its business as now being conducted by it;
and it is duly qualified as a corporation to do business and is in good standing
with respect thereto in each jurisdiction in which the nature of its business or
the property owned or leased by it makes such qualification necessary. 

4.2                     
Terrace has been duly incorporated and organized and is validly subsisting under
the laws of the State of Nevada; it is a reporting issuer under the United
States Securities Exchange Act of 1934 and is in good standing with respect to
all filings required to be made under such statute with the SEC; it has the
corporate power to own or lease its properties and to carry on its business as
now being conducted by it; and it is duly qualified as a corporation to do
business and is in good standing with respect thereto in each jurisdiction in
which the nature of its business or the property owned or leased by it makes
such qualification necessary. 

4.3                     
The directors and officers of the Purchaser are as follows: 

5

	 	Name	Positions
	 	Howard Thomson 	President and Director 
	 	Don Archibald 	Secretary and Treasurer 

4.4                     
The directors and officers of Terrace are as follows: 

	 	Name 	Positions 
	 	Howard Thomson 	Chief Executive Officer, Chief
      Financial Officer, President, Secretary, Treasurer and Director
  

4.5                     
The Terrace Audited Financial Statements present fairly the assets, liabilities
(whether accrued, absolute, contingent or otherwise) and the financial condition
of the Terrace as at the date thereof. 

4.6                     
The Terrace Unaudited Financial Statements present fairly the assets,
liabilities (whether accrued, absolute, contingent or otherwise) and the
financial condition of the Terrace as of the date thereof and there will not be,
prior to the Closing Date, any material increase in such liabilities. 

4.7                     
There have been no material adverse changes in the financial position or
condition of Terrace or damage, loss or destruction materially affecting the
business or property of Terrace since the date of the Terrace Unaudited
Financial Statements except as may be disclosed by Terrace in Current Reports on
Form 8-K filed with the SEC. 

4.8                     
Terrace and the Purchaser have made full disclosure to the Vendor of all
material aspects of Terrace’s business and has made all of its books and records
available to the representatives of the Vendor in order to assist the Vendor in
the performance of its due diligence searches and no material facts in relation
to Terrace’s business have been concealed by Terrace or the Purchaser. 

4.9                     
Neither Terrace nor the Purchaser is party to or bound by any agreement or
guarantee, warranty, indemnification, assumption or endorsement or any other
like commitment of the obligations, liabilities (contingent or otherwise) or
indebtedness or any other person, firm or corporation. 

4.10                    There
are no actions, suits or proceedings (whether or not purportedly on behalf of
Terrace or the Purchaser), pending or threatened against or affecting Terrace or
the Purchaser or affecting Terrace or the Purchaser’ business, at law or in
equity, or before or by any federal, state, municipal or other governmental
department, commission, board, bureau, agency or instrumentality, domestic or
foreign and Terrace or the Purchaser are not aware of any existing ground on
which any such action, suit or proceeding might be commenced with any reasonable
likelihood of success. 

4.11                   
Terrace’s common shares are quoted on the NASD OTC Bulletin Board and it is not
in breach of any regulation, by-law or policy of, or any of the terms and
conditions of its quotation on the NASD OTC Bulletin Board applicable to Terrace
or its operations. 

4.12                   
Neither Terrace nor the Purchaser currently has any employees or is party to any
collective agreements with any labor unions or other association of employees.

4.13                   
Other than the Purchaser, Terrace does not have any subsidiaries or agreements
of any nature to acquire any subsidiary or to acquire or lease any other
business operations and will not prior to the Closing Date acquire, or agree to
acquire, any subsidiary or business without the prior written consent of the
Vendor. 

4.14                   
The business of Terrace and the Purchaser now and until the Closing Date will be
carried on in the ordinary and normal course after the date hereof and upon to
the Closing Date and no material transactions shall be entered into until the
Closing Date without the prior written consent of the Vendor. 

4.15                   
Neither Terrace nor the Purchaser is indebted to any of its directors or
officers nor are any of Terrace or the Purchaser’s directors or officers
indebted to them.

4.16                   
Terrace and the Purchaser have good and marketable title to their properties and
assets as set out in the Terrace Audited Financial Statements and such
properties and assets are not subject to any mortgages, pledges, liens, charges,
security interests, encumbrances, actions, claims or demands of any nature
whatsoever or howsoever arising. 

6

4.17                   
The Corporate Charter, Articles of Incorporation and Bylaws and any other
constating documents of the Terrace and the Purchaser in effect with the
appropriate corporate authorities as at the date of this Agreement will not have
been materially changed as at the Closing Date. 

4.18                    There
are no material liabilities of Terrace or the Purchaser of any kind whatsoever,
whether or not accrued and whether or not determined or determinable, other than
liabilities which may be reflected on the Terrace Audited Financial Statements,
liabilities disclosed or referred to in this Agreement or in the Schedules
attached hereto, or liabilities incurred in the ordinary course of business and
attributable to the period since the date of the Terrace Audited Financial
Statements, none of which has been materially adverse to the nature of the
Terrace’s business, results of operations, assets, financial condition or manner
of conducting the Terrace’s business. 

4.19                   
The entering into of this Agreement and the consummation of the transactions
contemplated hereby will not result in the violation of any of the terms and
provisions of the constating documents or bylaws of Terrace or the Purchaser or
of any indenture, instrument or agreement, written or oral, to which Terrace or
the Purchaser may be a party. 

4.20                   
The entering into of this Agreement and the consummation of the transactions
contemplated hereby will not, to the best of the knowledge of Terrace and the
Purchaser, result in the violation of any law or regulation of the United States
or the State of Nevada or of any local government bylaw or ordinance to which
Terrace or the Purchaser or their business may be subject. 

4.21                    This
Agreement has been duly authorized, validly executed and delivered by the
Terrace and the Purchaser. 

4.22                   
Neither Terrace nor the Purchaser has any contracts with any officers,
directors, accountants, lawyers or others which cannot be terminated with not
more than one month's notice. 

4.23                    No
agreement has been made with Terrace or the Purchaser in respect of the purchase
and sale contemplated by this Agreement that could give rise to any valid claim
by any person against Worldbid or the Vendor for a finder's fee, brokerage
commission or similar payment. 

5.                     
ACTS IN CONTEMPLATION OF CLOSING 

5.1                     
The Vendor covenants and agrees with the Purchaser and Terrace to, no less than
ten (10) days prior to the Closing Date, deliver to Terrace and the Purchaser
those consolidated audited annual financial statements and consolidated
unaudited interim financial statements of Worldbid as are required by Section
210.3 -05 promulgated under Regulation S-X of the SEC in order to permit Terrace
to make the SEC filings required in respect of the purchase and sale of the
shares of Worldbid in accordance with this Agreement.

6.                       
CONDITIONS OF CLOSING 

6.1                     
All obligations of Terrace and the Purchaser under this Agreement are subject to
the fulfillment, at or prior to the Closing Date, of the following conditions:

	 	(a) 	
      Completion of satisfactory due diligence by
    Terrace;

	 	 	 
	 	(b) 	
      The respective representations and warranties of the
      Vendor contained in this Agreement or in any Schedule hereto or
      certificate or other document delivered to Terrace and the Purchaser
      pursuant hereto shall be substantially true and correct as of the date
      hereof and as of the Closing Date with the same force and effect as though
      such representations and warranties had been made on and as of such date,
      regardless of the date as of which the information in this Agreement or
      any such Schedule or certificate is given, and Terrace and the Purchaser
      shall have received on the Closing Date certificates dated as of the
      Closing Date, in forms satisfactory to counsel for Terrace and the
      Purchaser and signed under seal by the Vendor and by a senior officer of
      Worldbid to the effect that their respective representations and
      warranties referred to above are true and correct on and as of the Closing
      Date with the same force and effect as though made on and as of such date,
      provided that the acceptance of such certificates and the closing of the
      transactions herein provided for shall not be a waiver of the respective
      representations and warranties contained in

7

	 		
      Article 3 or in any Schedule hereto or in any certificate
      or document given pursuant to this Agreement which covenants,
      representations and warranties shall continue in full force and effect for
      the benefit of the Terrace and Purchaser;

	 	 	 	 
	 	(c) 	
      The Vendor shall have caused to be delivered to Terrace
      and the Purchaser an opinion of legal counsel acceptable to Terrace and
      the Purchaser's legal counsel in form and substance satisfactory to
      Terrace and the Purchaser, dated as of the Closing Date, to the effect
      that:

	 	 	 	 
	 		(i) 	
      Worldbid owns, possesses and has good and marketable
      title to its undertaking, property and assets, and without restricting the
      generality of the foregoing, those assets described in the balance sheet
      included in the Worldbid Financial Statements and the Schedules to this
      Agreement, free and clear of any and all mortgages, liens, pledges,
      charges, security interests, encumbrances, actions, claims or demands of
      any nature whatsoever and howsoever arising;

	 	 	 	 
	 		(ii) 	
      Worldbid has been duly incorporated, organized and is
      validly existing under the laws of the State of Nevada, has the corporate
      power to own or lease its properties and to carry on its business that is
      now being conducted by it and is in good standing with respect to filings
      with the appropriate governmental authorities;

	 	 	 	 
	 		(iii) 	
      the issued and authorized capital of Worldbid is as set
      out in this Agreement and all of the issued and outstanding shares have
      been validly issued as fully paid and non- assessable;

	 	 	 	 
	 		(iv) 	
      all necessary approvals and all necessary steps and
      corporate proceedings have been obtained or taken to permit the Worldbid
      Shares to be duly and validly transferred to and registered in the name of
      the Purchaser; and

	 	 	 	 
	 		(v) 	
      the consummation of the purchase and sale contemplated by
      this Agreement, including, but not limited to, the transfer of the
      Worldbid Shares to the Purchaser, will not be in breach of any laws of the
      State of Nevada, and, in particular but without limiting the generality of
      the foregoing, the execution and delivery of this Agreement by the Vendor
      and Worldbid has not breached and the consummation of the purchase and
      sale contemplated hereby will not be in breach of any laws of Nevada or of
      any other country or state in which the Vendor is resident or Worldbid
      carries on business;

	 	 	 	 
	 		
      and, without limiting the generality of the foregoing,
      that all corporate proceedings of Worldbid, its shareholders and directors
      and all other matters which, in the reasonable opinion of counsel for
      Terrace and the Purchaser, are material in connection with the transaction
      of purchase and sale contemplated by this Agreement, have been taken or
      are otherwise favorable to the completion of such transaction.

	 	 	 	 
	 	(d) 	
      At the Closing Date there shall have been no materially
      adverse change in the affairs, assets, liabilities, or financial condition
      of Worldbid or the Business (financial or otherwise) from that shown on or
      reflected in the Worldbid Financial Statements.

	 	 	 	 
	 	(e) 	
      No substantial damage by fire or other hazard to the
      Business shall have occurred prior to the Closing Date.

	 	 	 	 
	 	(f) 	
      Worldbid shall have delivered to Terrace and the
      Purchaser those financial statements of Worldbid specified in paragraph
      5.1 hereof.

	 	 	 	 
	 	(g) 	
      Resignation of Logan Anderson from all positions of
      Worldbid and appointment of Howard Thomson to all positions, including
      sole director, except for the position of Chief Technical Officer which
      shall continue to be held by Paul Wagorn.

6.2                     
In the event any of the foregoing conditions contained in paragraph 6.1 hereof
are not fulfilled or performed at or before the Closing Date to the reasonable
satisfaction of Terrace or the Purchaser, Terrace or the Purchaser may terminate
this Agreement by written notice to the Vendor and, in such event, Terrace and
the 

8

Purchaser shall be released from all further obligations
hereunder but any of such conditions may be waived in writing in whole or in
part by Terrace and the Purchaser without prejudice to its rights of termination
in the event of the non-fulfillment of any other conditions. 

6.3                     
All obligations of the Vendor under this Agreement are subject to the
fulfillment, at or prior to the Closing Date, of the following conditions: 

	 	(a) 	
      The representations and warranties of Terrace and the
      Purchaser contained in this Agreement or in any Schedule hereto or
      certificate or other document delivered to Worldbid and the Vendor
      pursuant hereto shall be substantially true and correct as of the date
      hereof and as of the Closing Date with the same force and effect as though
      such representations and warranties had been made on and as of such date,
      regardless of the date as of which the information in this Agreement or
      any such Schedule or certificate is given, and the Vendor shall have
      received on the Closing Date a certificate dated as of the Closing Date,
      in a form satisfactory to the Vendor and signed under seal by a senior
      officer of Terrace and the Purchaser, to the effect that such
      representations and warranties referred to above are true and correct on
      and as of the Closing Date with the same force and effect as though made
      on and as of such date, provided that the acceptance of such certificate
      and the closing of the transaction herein provided for shall not be a
      waiver of the representations and warranties contained in Article 4 or in
      any Schedule hereto or in any certificate or document given pursuant to
      this Agreement which covenants, representations and warranties shall
      continue in full force and effect for the benefit of the Vendor.

	 	 	 	 
	 	(b) 	
      Terrace and the Purchaser shall have caused to be
      delivered to the Vendor either a certificate of an officer of Terrace and
      the Purchaser or, at the Vendor's election, an opinion of legal counsel
      acceptable to counsel to the Vendor, in either case, in form and substance
      satisfactory to the Vendor, dated as of the Closing Date, to the effect
      that:

	 	 	 	 
	 		(i) 	
      Terrace and the Purchaser have been duly incorporated and
      organized and are validly subsisting under the laws of the State of
      Nevada, they have the corporate power to own or lease their properties and
      to carry on the business that is now being conducted by them and are in
      good standing with respect to all filings with the appropriate corporate
      authorities in Nevada and, as to Terrace, with respect to all annual and
      quarterly filings with the SEC;

	 	 	 	 
	 		(ii) 	
      the issued and authorized capital of Terrace and the
      Purchaser are as set out in this Agreement and all issued shares have been
      validly issued as fully paid and non- assessable;

	 	 	 	 
	 		(iii) 	
      the consummation of the purchase and sale contemplated by
      this Agreement in consideration of the purchase of the Worldbid Shares
      from the Vendor, will not be in breach of any laws of Nevada and, in
      particular, but without limiting the generality of the foregoing, the
      execution and delivery of this Agreement by Terrace and the Purchaser has
      not breached, and the consummation of the purchase and sale contemplated
      hereby will not be in breach of, any securities laws of the United States
      of America;

	 	 	 	 
	 		
      and, without limiting the generality of the foregoing,
        that all corporate proceedings of Terrace and the Purchaser, their
        shareholders and directors and all other matters which, in the reasonable
        opinion of counsel for the Vendor and Worldbid, are material in connection
        with the transaction of purchase and sale contemplated by this Agreement,
        have been taken or are otherwise favorable to the completion of such
    transaction.

	 	 	 	 
	 	(c) 	
      At the Closing Date there shall have been no materially
      adverse change in the affairs, assets, liabilities, financial condition or
      business (financial or otherwise) of Terrace or the Purchaser from that
      shown on or reflected in the Terrace Audited Financial
  Statements.

6.4                     
In the event that any of the conditions contained in paragraph 6.3 hereof shall
not be fulfilled or performed by Terrace or the Purchaser at or before the
Closing Date to the reasonable satisfaction of the Vendor 

9

then the Vendor shall have all the rights and privileges
granted to Terrace and the Purchaser under paragraph 6.2, mutatis mutandis. 

7.                      
 CLOSING ARRANGEMENTS 

7.1                     
The closing shall take place on the Closing Date at the offices of Northwest Law
Group at Suite 950, 650 West Georgia Street, Vancouver, British Columbia, Canada
V6B 4N8, or at such other time and place as the parties may mutually agree. 

7.2                     
On the Closing Date, upon fulfillment of all the conditions set out in Article 6
which have not been waived in writing by the Purchaser or by the Vendor, as the
case may be, then: 

	 	(a) 	
      the Vendor shall deliver to the Purchaser:

	 	 	 	 
	 		(i) 	
      certificates representing all the Worldbid Shares duly
      endorsed in blank for transfer or with a stock power of attorney (in
      either case with the signature guaranteed by the appropriate official)
      with all applicable security transfer taxes paid;

	 	 	 	 
	 		(ii) 	
      the certificates and opinion referred to in paragraph
      6.1; and

	 	 	 	 
	 		(iii) 	
      evidence satisfactory to Terrace and the Purchaser and
      their legal counsel of the completion by Worldbid and the Vendor of those
      acts referred to in paragraph 5.1.

	 	 	 	 
	 	(b) 	
      the Vendor shall cause the Worldbid Shares to be
      transferred into the name of the Purchaser, or its nominee, to be duly and
      regularly recorded in the books and records of Worldbid;

	 	 	 	 
	 	(c) 	
      Terrace and the Purchaser shall issue and deliver to the
      Vendor the certificates and officer's certificate referred to in paragraph
      6.3.

8.                      
 INTERIM ADVANCE 

8.1            
        Terrace has agreed to advance $5,000 to
Worldbid to fund expenditures pending Closing of this Agreement. Worldbid
acknowledges receipt of the advance totaling $5,000 to date. 

8.2                     
Worldbid shall not use the funds advanced for any purpose other than maintenance
of the intellectual property of Worldbid and payment of salaries of employees
and contractors of Worldbid. 

8.3                     
All advances made under this Section 8 shall be non-interest demand loans to
Worldbid pending Closing. In the event that Closing does not take place, the
advances will be immediately due and payable to Terrace and will bear interest
at 10% per annum from the date of advancement of the funds. 

9.                       
GENERAL PROVISIONS 

9.1                     
Time shall be of the essence of this Agreement. 

9.2                     
This Agreement contains the whole agreement between the parties hereto in
respect of the purchase and sale of the Worldbid Shares and there are no
warranties, representations, terms, conditions or collateral agreements
expressed, implied or statutory, other than as expressly set forth in this
Agreement. 

9.3                     
This Agreement shall enure to the benefit of and be binding upon the parties
hereto and their respective successors and permitted assigns. The Purchaser may
not assign this Agreement without the consent of the Vendor or Worldbid. 

9.4                     
Any notice to be given under this Agreement shall be duly and properly given if
made in writing and delivered or telecopied to the addressee at the address as
set out on page one of this Agreement. Any notice given as aforesaid shall be
deemed to have been given or made on, if delivered, the date on which it was
delivered or, if telecopied, on the next business day after it was telecopied.
Any party hereto may change its address for notice from time to time by
providing notice of such change to the other parties hereto in accordance with
the foregoing. 

10

9.5                     
No claim shall be made by Worldbid or the Vendor against Terrace or the
Purchaser, or by Terrace or the Purchaser against Worldbid or the Vendor, as a
result of any misrepresentation or as a result of the breach of any covenant or
warranty herein contained unless the aggregate loss or damage to such party
exceeds $5,000. 

9.6                     
This Agreement shall be construed and enforced in accordance with, and the
rights of the parties shall be governed by, the laws of the State of Nevada, and
each of the parties hereto irrevocably attorns to the jurisdiction of the courts
of the State of Nevada. 

9.7                     
This Agreement has been prepared by O’Neill Law Group PLLC as legal counsel for
Terrace and the Purchaser, and the Vendor and Worldbid acknowledge and agree
that they have been advised to seek separate legal counsel with respect to the
matters contained in this Agreement. 

9.8                     
This Agreement may be executed in one or more counterparts, each of which so
executed shall constitute an original and all of which together shall constitute
one and the same agreement. 

IN WITNESS WHEREOF the parties hereto have executed this
Agreement as of the day and year first above written. 

MARKTECH ACQUISITION CORP. 

  by its authorized signatory: 

/s Mark
Reynolds                                                                        

  Mark Reynolds, President and Secretary

 

WORLDBID INTERNATIONAL INC. 
by its authorized
signatory: 

/s/ Logan B.
Anderson                                                            
 

  Logan B. Anderson, President 

 

TERRACE VENTURES INC. 
by its authorized signatory:

/s/ Howard
Thomson                                                                

  Howard Thomson, President

 

GEOBIZ SYSTEMS INC. 
by its authorized signatory:

/s/ Howard
Thomson                                                                

  Howard Thomson, President

11

SCHEDULE "A" 
To the Share Purchase Agreement among

Marktech Acquisition Corp., Worldbid International Inc., 
Terrace
Ventures Inc. and Geobiz Systems Inc. 

dated for reference as of April 29,
2009 

 

 

 

WORLDBID FINANCIAL STATEMENTS 

WORLDBID INTERNATIONAL INC 

BALANCE SHEET 
(Stated in U.S. Dollars)

(Unaudited) 

	  	 	April 30 	 
	  	 	2007 	 
	  	 	  	 
	ASSETS 	 	  	 
	  	 	  	 
	  	 	  	 
	  	 	  	 
	Current 	 	  	 
	       Cash 	$	 14,316 	 
	       Trade accounts
      receivable 	 	4,523 	 
	       Receivables, other 	 	3,201 	 
	  	 	22,040 	 
	  	 	  	 
	Security Deposits 	 	31,079 	 
	Equipment 	 	4,649 	 
	Intangible Assets 	 	- 	 
	  	 	  	 
	  	$	 57,768 	 
	  	 	  	 
	LIABILITIES 	 	  	 
	  	 	  	 
	Current 	 	  	 
	       Accounts payable and accrued
      liabilities 	$	 95,900 	 
	       Due to related
      party 	 	21,680 	 
	       Deferred income 	 	18,885 	 
	  	 	136,465 	 
	  	 	  	 
	NET DEFICIT 	 	(78,697	) 
	  	 	  	 
	  	$	 57,768 	 

WORLDBID INTERNATIONAL INC. 

STATEMENT OF OPERATIONS 
(Stated in U.S. Dollars)

(Unaudited) 

	  	 		 	 	YEAR ENDED 	 
	  	 	  	 	 	APRIL 30 	 
	  	 	 
    	 	 	2007 	 
	  	 	  	 	 	  	 
	  	 	  	 	 	  	 
	Revenues 	 		 	$	262,161 	 
	  	 	  	 	 	  	 
	Selling Expenses 	 	  	 	 	  	 
	         Advertising 	$	 16,278 	 	 	  	 
	       Salaries and
      commissions 	 	35,732 	 	 	52,010 	 
	  	 	  	 	 	  	 
	  	 	  	 	 	  	 
	General and Office Expenses 	 	  	 	 	  	 
	       
       Accounting 	 	13,721 	 	 	  	 
	         Amortization 	 	1,147 	 	 	  	 
	         Bank
      charges and interest 	 	12,383 	 	 	  	 
	         Office expenses 	 	4,758 	 	 	  	 
	         Officers
      remuneration 	 	99,387 	 	 	  	 
	         Salaries and benefits 	 	34,286 	 	 	  	 
	         Technical
      support 	 	28,672 	 	 	  	 
	         Telephone 	 	8,199 	 	 	202,553 	 
	  	 	  	 	 	  	 
	Total Expenses 	 	 
    	 	 	254,563 	 
	  	 	  	 	 	  	 
	Net Income
      From Operations For The Year 	 		 	$	7,598 	 

SCHEDULE "B" 
To the Share Purchase Agreement among

Marktech Acquisition Corp., Worldbid International Inc., 
Terrace
Ventures Inc. and Geobiz Systems Inc. 

dated for reference as of April 29,
2009 

 

EMPLOYMENT, SERVICE & PENSION AGREEMENTS OF WORLDBID

Paul Wagorn, Chief Technical Officer, is paid $9,500 CDN per
month on a month-to-month basis.Exhibit 10.2

 

WADDELL & REED FINANCIAL, INC.

 

RESTRICTED STOCK AWARD AGREEMENT

 

WADDELL &
REED FINANCIAL, INC., a corporation organized and existing under the laws of
the state of Delaware (or any successor corporation) (the “Company”), does
hereby grant and give unto           
(the “Awardee”), an award of restricted shares of Company Class A common
stock (the “Restricted Stock”) upon the terms and conditions hereinafter set
forth (the “Award”).

 

AUTHORITY
FOR GRANT

 

1.             Stock Incentive Plan.  The Restricted Stock is granted under the
provisions of the Waddell & Reed Financial, Inc. 1998 Stock
Incentive Plan, as amended and restated (the “Plan”), and is subject to the
terms and conditions set forth in this Restricted Stock Award Agreement (the “Agreement”)
and not inconsistent with the Plan. 
Capitalized terms used but not defined herein shall have the meaning
given them in the Plan, which is incorporated by reference herein.

 

TERMS
OF AWARD

 

2.             Number of Shares.  In consideration of future services to the Company,
the Awardee is hereby granted           
shares of Restricted Stock (the “Shares”) of the Company’s Class A common
stock, par value $.01 (the “Stock”) on                           ,
20       (the “Grant Date”), subject to
repurchase of a portion thereof by the Company pursuant to Section 13
below.

 

3.             Restrictions; Forfeiture.  The Restricted Stock may not be sold,
transferred, pledged, assigned or otherwise alienated or hypothecated until its
restrictions are removed or expire.  The
Restricted Stock may be forfeited to the Company pursuant to Sections 5(b) and
8, at which time the Company shall have the right to instruct the Company’s
transfer agent to transfer the Restricted Stock to the Company to be held by
the Company in treasury or by any designee of the Company.

 

4.             Expiration of Restrictions and
Risk of Forfeiture.  The restrictions
and risk of forfeiture for the Restricted Stock will expire as set forth in
this Section 4, as of the vesting dates set forth in this Section 4,
provided that (a) Awardee is an employee of the Company, a Subsidiary or
an Affiliate continuously from the Grant Date through the applicable vesting
date, and (b) the restrictions and risk of forfeiture have not previously
expired pursuant to this Agreement.

 

	
  Percentage
  of Shares Vesting

  	
   

  	
  Vest
  Date

  
	
   

  	
   

  	
   

  
	
  331/3%

  	
   

  	
                , 20    

  
	
  331/3%

  	
   

  	
                , 20    

  
	
  331/3%

  	
   

  	
                , 20    

  

 

 

TERMINATION
OF AWARD

 

For
purposes of the following Sections, all references to termination of employment
shall be construed to mean termination of all service relationships with the
Company and its Subsidiaries and Affiliates, including employees, independent
contractors and consultants; however, nothing in this Agreement or the Plan
shall be construed to create or continue a common law employment relationship
with any individual characterized by the Company, a Subsidiary or an Affiliate
as an independent contractor or consultant.

 

5.             Termination of Employment.

 

(a)           Termination of Employment Due to Death or Disability.  If an Awardee’s employment
with the Company or any of its Subsidiaries or Affiliates terminates by reason
of death or Disability, the restrictions and risk of forfeiture with respect to
the Restricted Stock which have not expired shall immediately lapse and all shares
of the Restricted Stock shall be deemed fully vested and nonforfeitable.

 

(b)           Termination of Employment Other Than Due to Death or
Disability.  If an Awardee’s employment with the Company
or any of its Subsidiaries or Affiliates terminates for a reason other than
death or Disability, the shares of Restricted Stock for which the restrictions
and risk of forfeiture have not expired as of the date of termination shall be
immediately forfeited without further action by the Company; provided, however,
that the portion, if any, of those shares of Restricted Stock for which the
restrictions and risk of forfeiture have expired as of the date of such
termination shall not be forfeited.

 

6.             Change in Control or Potential
Change in Control of the Company.  In the event of (a) a Change in Control,
unless otherwise determined by the Committee in writing at or after the Grant
Date, but prior to the occurrence of such Change in Control, or (b) a
Potential Change in Control, if and to the extent so determined by the Committee
in writing at or after the Grant Date (subject to any right of approval
expressly reserved by the Committee at the time of such determination), the
restrictions with respect to the Restricted Stock shall lapse and such shares
shall be deemed fully vested and nonforfeitable.

 

7.             No Limitation on Excess
Parachute Payments.  The provisions
of Section 13 of the Plan regarding the payment of any “Excess Parachute
Payment” within the meaning of Section 280G(b)(1) of the Internal
Revenue Code of 1986, as amended, shall not apply to this Agreement.

 

8.             Section 83(b) Election.  The Awardee acknowledges that this Award is
conditioned upon Awardee’s agreement that Awardee will forgo any rights Awardee
has to make an election under section 83(b) of the Internal Revenue Code
of 1986, as amended, with respect to the Restricted Stock (an “83(b) Election”).  In the event that Awardee makes a timely 83(b) Election
with respect to the Restricted Stock all shares of Restricted Stock subject to
this Agreement shall be immediately forfeited as of the Grant Date without
further action of the Company.

 

2

 

GENERAL TERMS AND PROVISIONS

 

9.             Administration of Award.  The Restricted Stock shall be maintained in a
book-entry account (the “Account”) by and at the Company’s transfer agent until
the restrictions associated with such Restricted Stock expire pursuant to
Sections 4, 5, 6 or 8.  The Awardee shall
execute and deliver to the transfer agent one or more stock powers in blank for
the Restricted Stock.  The Awardee hereby
agrees that the transfer agent shall maintain such Account and the related
stock power(s) pursuant to the terms of this Agreement until such
restrictions expire pursuant to Sections 4, 5, 6 or 8.

 

10.           Ownership of Restricted Stock.  From and after the time that the Account
representing the Restricted Stock has been activated and prior to forfeiture,
the Awardee will be entitled to all the rights of absolute ownership of the
Restricted Stock, including the right to vote those shares and to receive
dividends thereon if, as, and when declared by the Board, subject, however, to
the terms, conditions and restrictions set forth in this Agreement.  Dividends paid in stock of the Company or
stock received in connection with a Stock split with respect to the Restricted
Stock shall be subject to the same restrictions as on such Restricted
Stock.  The shares of Restricted Stock
subject to this Award are not eligible to be enrolled in any dividend
re-investment program until the restrictions thereon expire.

 

11.           Adjustment of Shares for
Recapitalization, Etc.  In the event there is any change in the
outstanding Stock of the Company by reason of any reorganization,
recapitalization, stock split, stock dividend, combination of shares or
otherwise, there shall be substituted for or added to each share of Stock
theretofore appropriated or thereafter subject, or which may become subject, to
this Award, the number and kind of shares of stock or other securities into
which each outstanding share of Stock shall be so changed or for which each
such share shall be exchanged, or to which each such share shall be entitled,
as the case may be.  Adjustment under the
preceding provisions of this Section 11 will occur automatically upon any
such change in the outstanding Stock of the Company.  No fractional interest will be issued under
the Plan on account of any such adjustment.

 

12.           Conditions to Delivery of Stock
and Registration.  Nothing herein
shall require the Company to issue or the transfer agent to deliver any shares
with respect to the Award if (a) that issuance would, in the opinion of
counsel for the Company, constitute a violation of the Securities Act of 1933,
as amended, or any similar or superseding statute or statutes, any other applicable
statute or regulation, or the rules of any applicable securities exchange
or securities association, as then in effect; or (b) the withholding
obligation as provided in Section 13 of this Agreement has not been
satisfied.  From time to time, the Board
and appropriate officers of the Company are authorized to and shall take
whatever actions are necessary to file required documents with governmental
authorities, stock exchanges, and other appropriate persons to make shares of
Stock available for issuance.

 

13.           Payment of Taxes.  The delivery of shares of Stock pursuant to
this Award is conditioned upon satisfaction of any withholding obligation
described in this Section 13.  The
Awardee may be required, from time to time, in the Company’s discretion, to pay
to the Company (or any Subsidiary or Affiliate as applicable), the amount that
the Company deems necessary to satisfy the Company’s or its Subsidiary’s or
Affiliate’s current or future obligation to withhold federal, state or local
income or other taxes incurred by the Awardee as a result of the 

 

3

 

Award.  With respect to any required tax withholding
obligation, the Company will withhold from the gross number of shares of Stock
to be issued upon vesting a number of shares equal in value to the amount of
such obligation, based on the shares’ Fair Market Value at the time such
obligation is incurred or, upon timely request by the Awardee, the Company may,
in its sole discretion, allow the Awardee to deliver to the Company (a) sufficient
shares of Stock to satisfy any required tax withholding obligation, based on
the shares’ Fair Market Value at the time such obligation is incurred or (b) sufficient
cash to satisfy such obligation in lieu of such withholding by the
Company.  In the event that the Company
subsequently determines that the aggregate Fair Market Value of any shares of
Stock withheld by the Company or submitted by the Awardee as payment of any tax
withholding obligation is insufficient to discharge that tax withholding
obligation, then the Awardee shall pay to the Company, immediately upon the
Company’s request, the amount of that deficiency in cash.

 

14.           Company Records.  Records of the Company or its Subsidiaries or
Affiliates regarding any period(s) of employment, termination of
employment and the reason therefor, leaves of absence, re-employment, and other
matters shall be conclusive for all purposes hereunder, unless determined by
the Company to be incorrect.

 

15.           Right of the Company and
Subsidiaries to Terminate Employment. 
Nothing contained in this Agreement shall confer upon the Awardee the
right to continue in the employ of the Company or any Subsidiary or Affiliate,
or interfere in any way with the rights of the Company or any Subsidiary or
Affiliate to terminate the Awardee’s employment at any time.

 

16.           No Liability for Good Faith
Determinations.  The members of the
Board and the Committee shall not be liable for any act, omission,
interpretation or determination taken or made in good faith with respect to
this Agreement or the Restricted Stock granted hereunder and all members of the
Board or the Committee and each and any officer or employee of the Company
acting on their behalf shall, to the extent permitted by law, be fully indemnified
and protected by the Company with respect to any such action, determination or
interpretation.

 

17.           Severability.  If any provision of this Agreement is held to
be illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining provisions hereof, but such provision shall be fully
severable and this Agreement shall be construed and enforced as if the illegal
or invalid provision had never been included herein.

 

18.           Successors.  This Agreement shall be binding upon the Awardee,
their legal representatives, heirs, legatees and distributees, and upon the
Company, its successors and assigns.

 

19.           Notices.  Any notices required by or permitted to be
given to the Company under this Agreement shall be made in writing and addressed
to the Secretary of the Company in care of the Company’s Legal Department, 6300
Lamar Avenue, Overland Park, Kansas 66202. 
Any such notice shall be deemed to have been given when received by the
Company.

 

20.           Headings.  The titles and headings herein are included
for convenience of reference only, do not constitute a part of this Agreement
and shall not be deemed to limit or affect any of the provisions hereof.

 

4

 

21.           Rules of Construction.  This Agreement has been executed and
delivered by the Company in Kansas and shall be construed and enforced in
accordance with the laws of said State, other than any choice of law rules calling
for the application of laws of another jurisdiction.  Should there be any inconsistency or
discrepancy between the provisions of this Agreement and the terms and
conditions of the Plan under which this Award is granted, the provisions in the
Plan shall govern and prevail.

 

22.           Amendment.  This Agreement may be amended by the Committee;
provided, however, that no amendment may decrease rights inherent in this Award
prior to such amendment without the express written consent of the parties
hereto.  Notwithstanding the provisions
of this Section 22, this Agreement may be amended by the Committee to the
extent necessary to comply with applicable laws and regulations and to conform
the provisions of this Agreement to any changes thereto.

 

23.           Effective Date.  This Agreement has been executed this         
day of                       ,
20      , effective as of                                   ,
20      .

 

 

	
   

  	
  WADDELL & REED FINANCIAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Daniel P. Connealy, Senior Vice President and Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  “Company”

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  “Awardee”

  

 

5

 

STOCK POWER

 

FOR VALUE RECEIVED,             
does hereby assign and transfer unto Waddell &
Reed Financial, Inc. (51-0261715)                     
shares of Class A common stock of Waddell & Reed Financial, Inc.,
a Delaware corporation, granted on                           ,
20      , as evidenced by the Restricted
Stock Award Agreement of even date therewith and standing in the name of the
undersigned on the books of Waddell & Reed Financial, Inc.  The undersigned does hereby appoint
Computershare Trust Company, N.A. as attorney-in-fact to transfer the said
stock on the books of Waddell & Reed Financial, Inc. with full
power of substitution in the premises.

 

Dated
as of this          day of                         ,
20      .

 

	
   

  	
   

  
	
   

  	
   

  

 

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00157-of-00352.parquet"}]]