Document:

Park Place Energy Corp.: Exhibit 10.2 - Filed by newsfilecorp.com

STOCK OPTION AGREEMENT 

PARK PLACE ENERGY CORP. 

THIS AGREEMENT is entered into as of the ____ day of
______________, 201__ (the “Date of Grant”) 

BETWEEN: 

PARK PLACE ENERGY CORP., a
company incorporated pursuant to the laws of the State of Nevada, Suite 300, 400
– 5 Avenue SW, Calgary, Alberta, Canada, T2P 0L6. 

(the “Company”) 

AND: 

__________________, of
________________________________

(the “Optionee”) 

WHEREAS: 

A.        The Board of
Directors of the Company (the “Board”) has approved and adopted the 2011 Stock
Option Plan (the “Plan”), pursuant to which the Board is authorized to grant to
employees and other selected persons stock options to purchase common shares of
the Company (the “Common Stock”); 

B.        The Plan provides
for the granting of stock options that either (i) are intended to qualify as
“Incentive Stock Options” within the meaning of Section 422 of the Internal
Revenue Code of 1986, as amended (the “Code”), or (ii) do not qualify under
Section 422 of the Code (“Non-Qualified Stock Options”); and 

C.        The Board has
authorized the grant to the Optionee of options to purchase a total of
__________________ shares of Common Stock (the “Options”), which Options
are intended to be (select one): 

[   ] Incentive Stock
Options; 
[   ] Non Qualified Stock Options 

NOW THEREFORE, the Company agrees to offer to the Optionee the
option to purchase, upon the terms and conditions set forth herein and in the
Plan, _____________ shares of Common Stock. Capitalized terms not otherwise
defined herein shall have the meanings ascribed thereto in the Plan. 

1.        Exercise Price.
The exercise price of the options shall be US $________per share. 

- 2 - 

2.        Limitation on
the Number of Shares. If the Options granted hereby are Incentive Stock
Options, the number of shares which may be acquired upon exercise thereof is
subject to the limitations set forth in Section 5.1 of the Plan. 

3.        Vesting
Schedule. The Options shall vest in accordance with Exhibit A. 

4.        Options not
Transferable. The Options may not be transferred, assigned, pledged or
hypothecated in any manner (whether by operation of law or otherwise) other than
by will, by applicable laws of descent and distribution or, in the case of a
Non-Qualified Stock Option, pursuant to a qualified domestic relations order,
and shall not be subject to execution, attachment or similar process;
provided, however, that if the Options represent a Non-Qualified Stock
Option, such Option is transferable without payment of consideration to
immediate family members of the Optionee or to trusts or partnerships
established exclusively for the benefit of the Optionee and Optionee’s immediate
family members. Upon any attempt to transfer, pledge, hypothecate or otherwise
dispose of any Option or of any right or privilege conferred by the Plan
contrary to the provisions thereof, or upon the sale, levy or attachment or
similar process upon the rights and privileges conferred by the Plan, such
Option shall thereupon terminate and become null and void. 

5.        Investment
Intent. By accepting the Options, the Optionee represents and agrees that
none of the shares of Common Stock purchased upon exercise of the Options will
be distributed in violation of applicable federal and state laws and
regulations. In addition, the Company may require, as a condition of exercising
the Options, that the Optionee execute an undertaking, in such a form as the
Company shall reasonably specify, that the Stock is being purchased only for
investment and without any then-present intention to sell or distribute such
shares. 

6.        Termination of
Employment and Options. Vested Options shall terminate, to the extent not
previously exercised, upon the occurrence of the first of the following events:

	 	(a) 	
      Expiration. Five (5) years from the Date of
      Grant.

	 	 	 
	 	(b) 	
      Termination for Cause. The date of the first
      discovery by the Company of any reason for the termination of an
      Optionee’s employment or contractual relationship with the Company or any
      related company for cause (as determined in the sole discretion of the
      Plan Administrator), and, if an Optionee’s employment is suspended pending
      any investigation by the Company as to whether the Optionee’s employment
      should be terminated for cause, the Optionee’s rights under this Agreement
      and the Plan shall likewise be suspended during the period of any such
      investigation.

	 	 	 
	 	(c) 	
      Termination Due to Death or Disability. The
      expiration of one (1) year from the date of the death of the Optionee or
      cessation of an Optionee’s employment or contractual relationship by
      reason of disability (as defined in Section 5.1(g) of the Plan). If an
      Optionee’s employment or contractual relationship is terminated by death,
      any Option held by the Optionee shall be exercisable only by the person or
      persons to whom such Optionee’s rights under such Option shall pass by the
      Optionee’s will or by the laws of descent and
  distribution.

- 3 - 

	 	(d) 	
      Termination for Any Other Reason. The expiration
      of three (3) months from the date of an Optionee’s termination of
      employment or contractual relationship with the Company or any Related
      Corporation for any reason whatsoever other than termination of service as
      a director, cause, death or Disability (as defined in Section 5.1(g) of
      the Plan).

Each unvested Option granted pursuant hereto shall terminate
immediately upon termination of the Optionee’s employment or contractual
relationship with the Company for any reason whatsoever, including Disability
unless vesting is accelerated in accordance with Section 5.1(f) of the Plan.

7.        Stock. In
the case of any stock split, stock dividend or like change in the nature of
shares of Stock covered by this Agreement, the number of shares and exercise
price shall be proportionately adjusted as set forth in Section 5.1(m) of the
Plan. 

8.        Exercise of
Option. Options shall be exercisable, in full or in part, at any time after
vesting, until termination; provided, however, that any Optionee who is
subject to the reporting and liability provisions of Section 16 of the
Securities Exchange Act of 1934 with respect to the Common Stock shall be
precluded from selling or transferring any Common Stock or other security
underlying an Option during the six (6) months immediately following the grant
of that Option. If less than all of the shares included in the vested portion of
any Option are purchased, the remainder may be purchased at any subsequent time
prior to the expiration of the Option term. No portion of any Option for less
than fifty (50) shares (as adjusted pursuant to Section 5.1(m) of the Plan) may
be exercised; provided, that if the vested portion of any Option is less than
fifty (50) shares, it may be exercised with respect to all shares for which it
is vested. Only whole shares may be issued pursuant to an Option, and to the
extent that an Option covers less than one (1) share, it is unexercisable. 

Each exercise of the Option shall be by means of delivery of a
notice of election to exercise (which may be in the form attached hereto as
Exhibit B) to the President of the Company at its principal executive
office, specifying the number of shares of Common Stock to be purchased and
accompanied by payment in cash by certified check or cashier’s check in the
amount of the full exercise price for the Common Stock to be purchased. In
addition to payment in cash by certified check or cashier’s check, an Optionee
or transferee of an Option may pay for all or any portion of the aggregate
exercise price by complying with one or more of the following alternatives: 

	 	(a) 	
      by delivering to the Company shares of Common Stock
      previously held by such person, duly endorsed for transfer to the Company,
      or by the Company withholding shares of Common Stock otherwise deliverable
      pursuant to exercise of the Option, which shares of Common Stock received
      or withheld shall have a fair market value at the date of exercise (as
      determined by the Plan Administrator) equal to the aggregate purchase
      price to be paid by the Optionee upon such exercise; or

	 	 	 
	 	(b) 	
      by complying with any other payment mechanism approved by
      the Plan Administrator at the time of
exercise.

- 4 - 

It is a condition precedent to the issuance of shares of Common
Stock that the Optionee execute and/or deliver to the Company all documents and
withholding taxes required in accordance with Section 5.1 of the Plan. 

9.        Holding period
for Incentive Stock Options. In order to obtain the tax treatment provided
for Incentive Stock Options by Section 422 of the Code, the shares of Common
Stock received upon exercising any Incentive Stock Options received pursuant to
this Agreement must be sold, if at all, after a date which is later of two (2)
years from the date of this agreement is entered into or one (1) year from the
date upon which the Options are exercised. The Optionee agrees to report sales
of shares prior to the above determined date to the Company within one (1)
business day after such sale is concluded. The Optionee also agrees to pay to
the Company, within five (5) business days after such sale is concluded, the
amount necessary for the Company to satisfy its withholding requirement required
by the Code in the manner specified in Section 5.1(l) of the Plan. Nothing in
this Section 9 is intended as a representation that Common Stock may be sold
without registration under state and federal securities laws or an exemption
therefrom or that such registration or exemption will be available at any
specified time. 

10.       Resale restrictions
may apply. Any resale of the shares of Common Stock received upon exercising
any Options will be subject to resale restrictions contained in the securities
legislation applicable to the Optionee. The Optionee acknowledges and agrees
that the Optionee is solely responsible (and the Company is not in any way
responsible) for compliance with applicable resale restrictions. 

11.       Subject to 2011
Stock Option Plan. The terms of the Options are subject to the provisions of
the Plan, as the same may from time to time be amended, and any inconsistencies
between this Agreement and the Plan, as the same may be from time to time
amended, shall be governed by the provisions of the Plan, a copy of which has
been delivered to the Optionee, and which is available for inspection at the
principal offices of the Company. 

12.       Professional
Advice. The acceptance of the Options and the sale of Common Stock issued
pursuant to the exercise of Options may have consequences under federal and
state tax and securities laws which may vary depending upon the individual
circumstances of the Optionee. Accordingly, the Optionee acknowledges that he or
she has been advised to consult his or her personal legal and tax advisor in
connection with this Agreement and his or her dealings with respect to Options.
Without limiting other matters to be considered with the assistance of the
Optionee’s professional advisors, the Optionee should consider: (a) whether upon
the exercise of Options, the Optionee will file an election with the Internal
Revenue Service pursuant to Section 83(b) of the Code and the implications of
alternative minimum tax pursuant to the Code; (b) the merits and risks of an
investment in the underlying shares of Common Stock; and (c) any resale
restrictions that might apply under applicable securities laws. 

13.       No Employment
Relationship. Whether or not any Options are to be granted under this Plan
shall be exclusively within the discretion of the Plan Administrator, and
nothing contained in this Plan shall be construed as giving any person any right
to participate under this Plan. The grant of an Option shall in no way
constitute any form of agreement or understanding binding on the Company or any
Related Company, express or implied, that the Company or any Related Company
will employ or contract with an Optionee, for any length of time, nor shall it
interfere in any way with the Company’s or, where applicable, a Related
Company’s right to terminate Optionee’s employment at any time, which right is
hereby reserved. 

- 5 - 

14.       Entire
Agreement. This Agreement is the only agreement between the Optionee and the
Company with respect to the Options, and this Agreement and the Plan supersede
all prior and contemporaneous oral and written statements and representations
and contain the entire agreement between the parties with respect to the
Options. 

15.       Notices. Any
notice required or permitted to be made or given hereunder shall be mailed or
delivered personally to the addresses set forth below, or as changed from time
to time by written notice to the other: 

The Company: 

Park Place Energy Corp. 
Suite 300,
400 – 5 Avenue SW 
Calgary, Alberta, Canada T2P 0L6 

Attention: President

With a copy to: 

Macdonald Tuskey 
Corporate and
Securities Lawyers 
4th Floor – 570 Granville Street

Vancouver, British Columbia V6C 3P1 
Attention: William Macdonald 

The Optionee: 

_____________________

_____________________ 
_____________________ 
_____________________

PARK PLACE ENERGY CORP. 

Per:   
_______________________________________
         
Authorized Signatory 

____________________________________________
[Insert
Optionee Name] 

- 6 - 

EXHIBIT A 

TERMS OF THE OPTION

	Name of the Optionee: 	<> 
	Date of Grant: 	<> 
	Designation: 	[<>Incentive or Non-Qualified]
      Stock Options 
	1.          
      Number of Options granted: 	<> stock options 
	2.          
      Purchase Price: 	$<> per share 
	3.         
       Vesting Dates: 	<> 
	4.          
      Expiration Date: 	<> 

- 7 - 

EXHIBIT B 

To: 

Park Place Energy Corp. 
Suite 300, 400 – 5 Avenue SW

  Calgary, Alberta, Canada T2P 0L6 

Attention: President 

Notice of Election to Exercise

This Notice of Election to Exercise shall constitute proper
notice pursuant to Section 5.1(h) of Park Place Energy Corp’s (the “Company”)
2011 Stock Option Plan (the “Plan”) and Section 8 of that certain Stock Option
Agreement (the “Agreement”) dated as of the _______ day of __________________,
20___, between the Company and the undersigned. 

The undersigned hereby elects to exercise Optionee’s option to
purchase __________________ shares of the common stock of the Company at a price
of US$_______ per share, for aggregate consideration of US$__________, on the
terms and conditions set forth in the Agreement and the Plan. Such aggregate
consideration, in the form specified in Section 8 of the Agreement, accompanies
this notice. 

The Optionee hereby directs the Company to issue, register and
deliver the certificates representing the shares as follows: 

	 	 	 
	  
      Registration Information: 	 	Delivery Instructions: 
	 	 	 
	 	 	 
	   Name to
      appear on certificates 	 	Name
  
	 	 	 
	 	 	 
	   Address
    	 	Address
    
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	  	 	Telephone Number 

DATED at ____________________________________, the _______day
of ________________________, 20___. 

	 	 
	 	(Name of Optionee – Please type or print)

	 	 
	 	 
	 	(Signature and, if applicable, Office) 
	 	 
	 	 
	 	(Address of Optionee) 
	 	 
	 	 
	 	(City, State, and Zip Code of Optionee)Online Disruptive Technologies, Inc. - Exhibit 10.1 - Filed by newsfilecorp.com

LOAN AGREEMENT 

	TO: 	Online Disruptive
      Technologies, Inc. 
	 	 
	DATE: 	November 24, 2011 
	 	 

This document shall confirm our agreement to establish in your
favor the following credit facility, subject to the fulfillment of the terms and
conditions hereinafter set forth. 

	Borrower: 	
      Online Disruptive Technologies, Inc. (hereinafter
      referred to as the “Borrower”). 

	  	
       

	Lender: 	
      Amir Rachmani, in Trust 
(hereinafter referred to as
      the “Lender”). 

	  	
       

	Type of Credit and Amount: 	
      A loan in the amount of twenty-five thousand U.S. Dollars
      (US$25,000) (hereinafter referred to as the “Loan”. 

	  	
       

	Purpose: 	
      To fund ongoing working capital requirements or as
      otherwise required by the Borrower. 

	  	
       

	Interest: 	
      The Loan shall be non-interest bearing 

	  	
       

	Conversion Provision: 	
      The Loan shall be converted to common shares of the
      Borrower (the “Loan Conversion”) at the same per share price
      applicable to the next issuance by the Borrower of common shares (the
      “Next Equity Financing”). Such Conversion shall take place
      contemporaneous with the closing of the Next Equity Financing with the
      subject common shares being issued to such persons as directed by the
      Lender. 

	  	
       

	Term: 	
      The Loan shall not have any fixed repayment terms and
      shall instead be retired upon the Loan Conversion. 

	  	
       

	Increased Costs, Taxes, etc.: 	
      If due to any change in law, regulations, rules or orders
      or as a result of compliance with any guideline or requirement from any
      authority which is customary for the Lender to comply with, the Lender
      incurs or will incur increased costs or a reduced return on its capital,
      the Borrower will indemnify the Lender against such increased costs or
      reduced return. 

	  	
       

	Expenses: 	
      The Borrower agrees to guarantee payment of all
      reasonable legal and other direct out of pocket costs of the Lender
      incurred with respect to the enforcement of any of its rights hereunder.
      

	Page 1 of 3 

	Evidence of Indebtedness: 	
      Notwithstanding the terms and conditions set forth
      herein, the Borrower acknowledges that the actual recording of the amount
      of any advance or repayment thereof under the Loan, and fees and other
      amounts due in connection with the Loan, in the account of the Borrower
      maintained by the Lender, shall constitute, in the absence of manifest
      error, “prima facie” evidence of the Borrower’s indebtedness and liability
      from time to time under the Loan. The obligation of the Borrower to pay or
      repay any indebtedness and liability in accordance with the Loan shall not
      be affected by the failure of the Lender to make such recording. The
      Borrower hereby undertakes to pay to the Lender in accordance with the
      terms and conditions as set out herein. 

	  	
       

	Registration Exemption 	
      There will have to be a valid exemption from U.S.
      registration requirements in the case of each person (an “Investor”) to
      whom shares of the Borrower’s common stock will be issued upon conversion
      of this note, and an exemption from any securities law requirements in
      each jurisdiction in which an Investor resides, without requirement for
      any filings by the Borrower in such jurisdiction. The Lender represents
      that there is no requirement under Israeli law for the Borrower to make
      any Israeli filings upon the issuance of this convertible note. 

	 	
       

	Loan Agreement: 	
      Upon the execution of this Agreement, the parties hereto
      agree that this Agreement shall constitute a valid, binding and
      enforceable loan agreement between the parties. 

[INTENTIONALLY LEFT BLANK] 

	Page 2 of 3 

	
      Currency: 
	
      All references to and interpretations of currency in this
      Agreement shall be in the lawful currency of the United States of America.
      

	  	  
	Governing Law: 	State of Nevada and the laws of
      United States of America applicable therein. 

BY EXECUTING BELOW THE UNDERSIGNED LENDER ACCEPTS ALL OF THE
TERMS OF THIS NOTE AND CONFIRMS TO THE BORROWER THAT THE LENDER MEETS ALL
APPLICABLE PROSPECTUS EXEMPTION REQUIREMENTS AS OF NOVEMBER 24, 2011.

AMIR RACHMANI, IN TRUST 

	 	By: 	/s/ Amir Rachmani 
	 	  	Name: Amir Rachmani 
	 	  	Title: 

EXECUTED AND DELIVERED as of the date first above
written. 

ONLINE DISRUPTIVE TECHNOLOGIES,
INC. 

	 	By: 	/s/ Benjie Cherniak 
	 	  	Name:   Benjie Cherniak
    
	 	  	Title:    
      Chief Executive Officer 

	Page 3 of 3

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