Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Carbiz Inc. - Exhibit 10.11

 SOFTWARE LICENSE AGREEMENT

      This Software License Agreement
  is between CarBiz Auto Credit - JV1, LLC with its principal offices located
  at 4102 N. Florida Ave., Tampa, FL 33603 ("Purchaser or "You")
  and CarBiz USA Inc, with its principal offices at 7405 N. Tamiami
  Tr., Sarasota, FL 34243 ("CarBiz"). The effective date of this Agreement
  is March 4, 2005 regardless of when the Agreement is finally executed (the "Effective
  Date").

 SOFTWARE LICENSE: CarBiz hereby grants a non-exclusive,
  non-transferable license to Licensee to use the software product or products,
  including applicable documentation, listed on Schedule 1 attached to this Agreement
  beginning on the Effective Date, only to You and only pursuant to the terms
  and conditions of this Agreement. This is a License, not a sales agreement of
  the software products and related documentation. The software products and related
  documentation are owned by CarBiz or its licensers and protected by copyright
  and trademark laws. Therefore, You must treat the software products and related
  documentation like any other copyrighted material.

	 	 A. 	 Payment Terms and Amounts: You agree
        to pay CarBiz the amount or amounts stated in Schedule 1 according to
        the terms as stated in the Schedule. You also agree to pay a monthly support
        charge of $100 (One Hundred dollars) during the term of the license
        for main installation and any renewals as defined in the scope of license.

	 	 	 
		B.	 Multi User: Additional user's (excluding
        Main Installation) Number of Multi Users 0 at $10 each
        totaling $0 per month. (Multi User is defined as additional user
        on the main installation on the same Local Area Network. Failure to make
        payments as stated will be a breach of this Agreement and will terminate
        this License.

Scope of License:

     1. You may install the software products in only One Computer. You may make one (1) copy of the software products in machine-readable form solely for backup purposes, provided that you reproduce all proprietary
notices on the copy. You may install the software products on only one storage device, such as a network server, used only to run the software products over an internal network; however, you must declare the total number of computers and the
location of each separate computer or work station to be served by such a network and obtain CarBiz's express written consent to use the software products. In addition Multi User setup fees and support charges may be added (see Schedule 1).

     2. You may not use the software on more than one computer, workstation or file server at a time in a network or multi-user system, unless specifically authorized by this Agreement. You may not modify, translate,
reverse engineer, decompile, disassemble, create derivative works based on, or copy (except for the backup copy) the software products or the accompanying documentation. You may not rent or lease any rights in the software or accompanying
documentation in any form. You may not remove any proprietary notices, labels or marks on the software, documentation or containers.

     3. All rights, title, interest and all copyrights to the software, documentation and any copy made by You remain with CarBiz. Unauthorized copying of the software or documentation, or failure to comply with the
restrictions of this Agreement, will result in automatic termination of this license and will make available to CarBiz other legal remedies against You.

Term and Termination: This License begins on the Effective date and continues for an initial minimum period of Three (3) years unless terminated in accordance with this Agreement. License will automatically renew unless 30 days written
notice is given to CarBiz

 CarBiz may terminate this License if You fail to comply with
  this Agreement or related agreements between You and CarBiz. Such termination
  shall not void the payment obligations. For example, and without limitation,
  any unauthorized use, transfer, lease, rental or assignment of the software
  products and related documentation shall be void and will constitute grounds
  for termination. Failure to pay the monthly maintenance charge will constitute
  grounds for termination. Upon such termination, You agree to return all copies
  of the software products and related documentation to CarBiz within seven (7)
  days of such termination. You also expressly authorize CarBiz or its agent to
  examine any computer hardware or storage media in Your possession to confirm
  that You have not retained any aspect of the software products or documentation
  within a reasonable time after such termination.

	CARBIZ USA INC. SOFTWARE LICENSE AGREEMENT
	Page 1 of 3
	 	 	 	 
	Revised 9/26/03	CARBIZ INITIALS SH	LICENSEE INITIALS CR	 

 You may terminate this agreement after the initial three (3)
  year agreement by 30 days written notice. Upon such termination, You agree to
  return all copies of the software products and related documentation to CarBiz
  within seven (7) days of such termination. You also expressly authorize CarBiz
  or its agent to examine any computer hardware or storage media in Your possession
  to confirm that You have not retained any aspect of the software products or
  documentation within a reasonable time after such termination.

Technical Support Agreement: You agree to purchase and CarBiz agrees to provide limited technical support services for the licensed software products. The payment terms for such services are $ 100.00 , per month including
additional users for license and renewal term, as outlined in Software License, Paragraph A and B, Page 1 of this agreement. CarBiz will provide such services through telephone and on-line support to assist in the proper operation of the licensed
software product. CarBiz will also provide to You under this Agreement all modifications or enhancements to the licensed software product as a part of technical support. Any items not covered under this agreement will be billable at $100 per
hour. CarBiz reserves the right to change Technical Support pricing from time to time as deemed necessary.

Initial complete training of your staff in the proper usage is covered under this agreement, as is ongoing help with the system. Where there is a need for a new employee to be completely trained on the product, additional retraining may be done free
of charge at our office location on a scheduled basis, or by phone at $50.00 per hour, 1 hour minimum.

Sub Licenses: You agree to acquire through CarBiz or its agents, or a CarBiz approved source, any such sublicenses that are necessary for the operation of the software program, any and all interfaces, and any or all network
configurations. You agree to hold harmless CarBiz from any damages relating to any defects in such data obtained from these sources, including but not limited to, improper valuation or media failure. Your failure to make payment for these
sublicenses according to Schedule 1 may result in a breech of this agreement and termination of this License.

 Limited Warranty and Limitation of Remedies: Your
  sole remedy under this Agreement is the repair or replacement as provided in
  the limited warranty described below. CarBiz's sole and exclusive maximum liability
  for any claim by You or anyone claiming through or on behalf of You arising
  out of Your use of the software products and related documentation will not,
  in any event, exceed the actual amount of money paid by You under this Agreement.
  Your actual use of the .software products will be conclusive proof that the
  limited warranty is fulfilled to Your complete satisfaction. IN NO EVENT
  WILL CarBiz BE LIABLE FOR ANY INDIRECT, INCIDENTAL, COLLATERAL, EXEMPLARY, CONSEQUENTIAL
  OR SPECIAL DAMAGES OR LOSSES ARISING FROM YOUR USE OF THE SOFTWARE PRODUCTS,
  INCLUDING WITHOUT LIMITATION LOSS OF USE, PROFITS, GOODWILL OR SAVINGS, OR LOSS
  OF DATA, DATA FILES, OR PROGRAMS THAT MAY HAVE BEEN STORED OR IMPLEMENTED ALONG
  WITH THE SOFTWARE PRODUCTS.

 THE SOFTWARE PRODUCTS AND RELATED DOCUMENTATION ARE PROVIDED
  "AS IS" WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT
  LIMITED TO, THE IMPLIED WARRANTY OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR
  PURPOSE. THE ENTIRE RISK AS TO THE QUALITY AND PERFORMANCE OF THE SOFTWARE PRODUCTS
  IS WITH YOU, AND YOU ASSUME THE COSTS OF ALL NECESSARY SERVICING,
  REPAIR OR CORRECTION, EXCEPT AS PROVIDED IN CONJUNCTION WITH ROUTINE TECHNICAL
  SUPPORT.

 Legal Remedies and Injunctive Relief: You expressly
  acknowledge that CarBiz has invested its confidential and proprietary business
  information, as well as trade secret, information, in providing the software
  products and related documentation to You. You expressly warrant that the software
  products and related documentation contain confidential and proprietary information
  protected by copyright and trade secret laws. Further, You further expressly
  acknowledge that CarBiz will suffer irreparable injury from the disclosure or
  misappropriation of such information, and will take all. reasonable steps to
  protect the software products and related information from unauthorized disclosure,
  which obligations will survive the termination of this Agreement. In light of
  the likelihood of such irreparable injury, You consent to CarBiz's right to
  injunctive relief, which injunction may require the return of all software products,
  related documentation and

	CARBIZ USA INC. SOFTWARE LICENSE AGREEMENT
	Page 2 of 3
	 	 	 	 
	Revised 9/26/03	CARBIZ INITIALS SH	LICENSEE INITIALS CR	 

associated materials and permit CarBiz an unrestricted opportunity to investigate and audit Your records to determine all such materials have been returned.

CARBIZ shall have the right to collect from Company any and all reasonable expenses incurred in enforcing this Agreement, including, but not limited to, attorneys' fees, court costs and collection expenses.

 Arbitration: Any and all disputes, difference,
  or controversies arising out of, under, in connection with, or by virtue of
  this agreement, or any breach thereof, shall be submitted to arbitration to
  be held in Manatee County, Florida, under the rules and regulations of the American
  Arbitration Association. Arbitration fees and costs paid, or to be paid through
  the American Arbitration Association, but not attorney's fees, will be awarded
  to the Party deemed by the arbitrator(s) to be the successful Party. The Parties
  agree to be bound by such arbitration as final and non-appealable.

General Provisions:

     1. Taxes: You are responsible for the payment of all taxes that result from this Agreement, including for the sale of Hardware, licensing of the software products and related documentation, and the provision of
technical support.

      2. Independent Contractor:
  You agree that You are only an independent contractor of CarBiz and that
  You will not represent or hold yourself out as a partner, agent or having any
  other legal relationship with CarBiz.

     3. Entire Agreement: This is the entire Agreement between CarBiz and You. This Agreement supersedes any other communication, whether written or oral, advertisements or understandings with respect to the software
products and/or consulting products and their related documentation, and technical support. This Agreement may only be modified or altered in writing, which must be signed by both You and CarBiz.

     4. Choice of Law and Venue: This Agreement will be interpreted and enforced according to the laws of the State of Florida, without reference to its conflict-of-laws provisions. You expressly consent to the
jurisdiction and venue in Manatee County, Florida where all initial legal proceedings related to this Agreement, the software products and related documentation and technical support must be brought.

      5. Severable Terms:
  If any provisions of this Agreement are held invalid, the remainder shall
  continue in full force and effect.

	 	 	CarBiz USA Inc.
	
	 	 
	Licensee	 	/s/ Stan Heintz
	 	 	

	/s/ Carl Ritter	 	Signature
	
	 	 
	Signature	 	Stan Heintz
	 	 	

	Carl Ritter	 	Print Name
	
	 	 
	Print Name	 	COO
	 	 	

	CEO	 	Title
	
	 	 
	Title	 	5/20/05
	 	 	
 
	 	 	Date
	
	 	 
	Date	 	 

	CARBIZ USA INC. SOFTWARE LICENSE AGREEMENT
	Page 3 of 3
	 	 	 	 
	Revised 9/26/03	CARBIZ INITIALS SH	LICENSEE INITIALS CR	 

 DEALER CONTROLLED FINANCING AGREEMENT

 This Agreement is made and entered into by and between CarBiz
  Auto Credit - JV1, LLC, 4102 N. Florida Ave., Tampa, FL 33603 (hereinafter referred
  to as "Company") and CarBiz.com (USA) Inc., a Delaware corporation, having
  offices at 7560 Commerce Ct, Sarasota, Florida 34243 (hereinafter referred to
  as "CARBIZ"). For purposes of this Agreement, the term CARBIZ means CarBiz.com,
  Inc., and all corporations or other entities directly or indirectly controlled
  by or under common control of CARBIZ.

WHEREAS Company wishes to retain the services of CARBIZ's Dealer Controlled Financing Service regarding the operation of a business selling used motor vehicles and arranging credit services for used motor vehicle sales.

NOW THEREFORE, for and in consideration of the mutual covenants and undertakings of the parties to this Agreement, it is agreed as follows:

 I. TERM OF AGREEMENT

	 	A.	 The term of this Agreement shall commence March 4, 2005.
	 	 	 
	 	B.	 This Agreement, unless sooner terminated as herein
        provided, remains in force for a period of one (1) year from the date
        first shown above under Section IA. This agreement shall automatically
        renew for additional one-year periods unless terminated by either party
        as provided herein.

 II. SERVICES

CARBIZ will provide to Company the products and services ("Services") set forth in Exhibit A attached hereto and hereby incorporated into and made a part of this Agreement. CARBIZ shall provide Services in a reasonable and timely manner.

 Ill. FEES

	 	A.	 Company will pay to CARBIZ, as an independent contractor, fees for Services
      as follows:

	 	 Start Up Fee 	 $0.00 	 one time fee 
	 	 On-Going Support Fees 	 $300.00 	per month fee 

	 	 C. 	 On Going Support Fees will commence upon execution
        of this Agreement, and are due each month on or before the tenth (10th)
        of each month, in the amount of $300.00.

Rev. 3/4/05

IV. CONFIDENTIAL INFORMATION

A. Company agrees that it will not divulge, disclose, or communicate to any person, firm, corporation or business entity, in any manner whatsoever, any Confidential Information of .any nature, kind or description concerning any matter affecting or
relating to CARBIZ's business, either directly or indirectly, except as is necessary in the ordinary course of conducting business for Company.

B. "Confidential Information" includes all information not generally known to the public at large pertaining to CARBIZ and its business including, but not limited to, customer names and addresses, records of customer transactions, CARBIZ computer
systems, the names and functions of CARBIZ personnel and all other such personnel records, however they are designated, business and financial records, trade secrets and confidential planning or policy matters, any operational, management,
financial, accounting, control system, marketing or other such matters relating to the business of CARBIZ, all policy and procedure manuals, all operations manuals, all software and any documentation for same, all class materials, all seminar
materials, all reports produced by CARBIZ, all promotional supplies and guidelines and all other records and methods of operations howsoever designated, as they may exist from time-to-time. Company acknowledges that these are valuable and unique
assets of CARBIZ's business, access to and knowledge of portions of which are essential to the performance of Company's duties and obligations pursuant to the terms of this Agreement.

C. Forms produced by CARBIZ are all copyright protected by CARBIZ with all rights reserved. Company acknowledges that the forms are copyright protected, and hereby agrees to order same from CARBIZ and to refrain from any and all copying of said
forms.

V. NO WARRANTIES; NO REPRESENTATIONS

All software and computer equipment listed in Exhibit A is provided "as is" without warranty of any kind, either expressed or implied, including, but not limited to, the implied warranties of merchantability and fitness for a particular purpose.
CARBIZ does not represent or warrant that the functions contained in said software or computer equipment will meet Company's requirements. CARBIZ does not represent or warrant that the operations of the computer equipment or software will be
uninterrupted or error free. In no event will CARBIZ be liable for any damages, including any lost profits, or other incidental or consequential damages arising out of the use or performance of said software or computer equipment, even if CARBIZ has
been advised about the possibility of such damages.

VI. TERMINATION

 A. After the initial twelve-month period, Company may terminate
  this Agreement by giving CARBIZ written notice at least thirty (30) days prior
  to the annual renewal date. All Fees and/or Earnest Money Deposit due and/or
  paid to CARBIZ as of the date termination becomes effective are nonrefundable.

 B. After the initial 12-month agreement, CARBIZ's monthly
  support may be cancelled by giving CARBIZ written notice at least thirty (30)
  days prior to the annual renewal date. Upon cancellation, the dealership may
  not continue to use the licensed DCF forms and materials in

Rev. 3/4/05

use at the time of cancellation. The following items would also no longer be available or provided by CARBIZ:

	
Upgrades to the DCF system and forms
	
Attendance to training classes or training programs
	
Attendance to DCF meetings
	
DCF National composites
	
CarBiz consulting services

C. The Management Systems Plus (MSP) software requires periodic upgrades. Monthly MSP software support must be paid in order for the MSP software to continue to function.

D. CARBIZ may terminate this License if COMPANY fails to comply with this Agreement or related agreements between COMPANY and CARBIZ. Such termination shall not void the payment obligations. For example, and without limitation, any unauthorized use,
transfer, lease, rental or assignment of the software products and related documentation shall be void and will constitute grounds for termination. Failure to pay the monthly maintenance charge will constitute grounds for termination.

 VII. MISCELLANEOUS

A. The preamble of this Agreement is hereby incorporated into this Agreement and all matters therein set forth are and shall be considered a part of this Agreement.

B. The covenants, representations and restrictions in this Agreement shall survive the termination of this Agreement, but shall not be deemed to have been made with respect to any period of time subsequent to the termination of this Agreement.

C. Any provision of this Agreement which is prohibited, unenforceable or not authorized in any jurisdiction shall be invalid in that jurisdiction to the extent of such prohibition, unenforceability or non-authorization without invalidating the
remaining provisions of this Agreement or affecting the validity, enforceability or legality of the provision in any other jurisdiction.

D. No amendment, modification, termination or waiver of any provision of this Agreement by either party shall be effective unless it is in writing and signed by the party to be bound, and then the waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given. Inaction or failure to demand strict performance shall not be deemed a waiver.

E. This Agreement may not be assigned by Company.

 F. Company hereby represents to CARBIZ that its authorized
  representative had the opportunity to review the terms and conditions of this
  Agreement with Company's attorney prior to the execution of this Agreement and
  fully understands the terms and conditions contained in this Agreement.

Rev. 3/4/05

 G. This Agreement constitutes the entire understanding between
  the parties with respect to the subject matter. All prior agreements, representations,
  statements, negotiations and undertakings are superseded hereby.

H. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Florida without regard to any conflict of law provisions.

I. Arbitration: Any and all disputes, difference, or controversies arising out of, under, in connection with, or by virtue of this agreement, or any breach thereof, shall be submitted to arbitration to be held in Manatee County, Florida, under the
rules and regulations of the American Arbitration Association. Arbitration fees and costs paid, or to be paid through the American Arbitration Association, but not attorney's fees, will be awarded to the Party deemed by the arbitrator(s) to be the
successful Party. The Parties agree to be bound by such arbitration as final and non-appealable.

 J. All matters contained in this Agreement are deemed confidential
  by CARBIZ and Company, and shall not be divulged by either party except as authorized
  by law.

K. Any notice or other communication with respect to this Agreement shall be in writing and shall be deemed to have been duly given when delivered, within two (2) business days after deposit in the United States Mail, certified or registered, return
receipt requested, and with the proper postage prepaid, or on the next business day after sent by recognized overnight courier, addressed as follows:

 If to COMPANY

  CarBiz Auto Credit - JV1, LLC

  4102 N. Florida Ave. 

  Tampa, FL 33603

 If to CARBIZ 

  CarBiz.Com, Inc. 

  7560 Commerce Ct

  Sarasota, Florida 34243

K. CARBIZ shall have the right to collect from Company any and all reasonable expenses incurred in enforcing this Agreement, including, but not limited to, attorneys' fees, court costs and collection expenses.

 Signed

	COMPANY:	 	 
	By: /s/ Carl Ritter	 	 
	Title: CEO	 	Date: _______
	 	 	 
	CARBIZ:	 	 
	By: /s/ Stan Heintz	 	 
	Title: COO	 	Date: 5/20/05

Rev. 3/4/05

EXHIBIT A

Single site license to use the DCF program for following location only:

 CarBiz Auto Credit - JVI LLC 

  4102 N. Florida Ave. 

  Tampa, FL 33603

 Management Systems Plus (MSP) software

  Single site license of the MSP software

  MSP software support & periodic upgrades 

  License to use all DCF forms and materials 

  Upgrades to DCF systems and forms 

  One-time 3 year Cash Flow and Profit Projection

  (2) Licensed DCF Policy & Procedures Manuals 

  (2) On-Lot Training Manuals 

  30 days supply of DCF forms

  Attendance to the annual CARBIZ National Convention and Workshops 

  Attendance to Manager's Training Class 

  Monthly DCF National Composites 

  Toll free consulting support 

  (1) One day on-site training/consulting visit 

  Popcorn Machine 

  Coke cooler

  (1) Customized Banner with COMPANY phone number

 CARBIZ reserves the right to substitute comparable equipment
  and software.

Rev. 3/4/05

 ADDITIONAL CONSULTING AGREEMENT

This Agreement is made March 4, 2005 between CarBiz USA, Inc., hereinafter referred to as "CARBIZ" and CarBiz Auto Credit - JV1, LLC hereinafter referred to as the "COMPANY".

 The COMPANY wishes to retain the services of CARBIZ to advise
  and consult the COMPANY in the operation of a "Dealer Controlled Financing"
  business selling used motor vehicles and arranging credit services for used
  motor vehicle sales, hereinafter referred to as a DCF Dealership. Services will
  be provided to the DCF Dealership located at 4102 N. Florida Ave., Tampa, FL
  33603. The services to be provided under this Agreement include the following:

	1.	SERVICES. CARBIZ will provide to the Company
        the services, which consist of the following: 2 lot inspections, a weekly
        operations review, weekly telephone meetings, software support, general
        problem solving, and on-going employee education.

	 	 
	2. 	DUTIES AND OBLIGATIONS OF THE COMPANY. CARBIZ
        will make recommendations to improve the profitability of the COMPANY'S
        DCF Dealership. It shall be the duty and obligation of the COMPANY and
        its employees to make a reasonable and diligent effort to implement the
        recommendations in a timely manner.

	 	 
	3. 	REPORTS. During the term of this Agreement
        both COMPANY and CARBIZ agree to furnish to the other party certain periodic
        reports including, but not limited to, those specified in Exhibit A of
        the Agreement.

	 	 
	4. 	FEES. In payment for services, the COMPANY
        will pay to CARBIZ, as an independent contractor, a recurring monthly
        fee in an amount specified in Exhibit B of this Agreement for services
        commencing on February 1, 2005, The COMPANY shall not be obligated for
        MSP or DCF support in addition to ACP service.

	 	 
	5.	NON-COMPETE. CARBIZ agrees that during the
        term of this Agreement CARBIZ shall not perform the services outlined
        in Section One of this Agreement on behalf of any other business within
        the COMPANY'S DCF Dealership's Primary Sales Area as described in Exhibit
        C of this Agreement and incorporated herein.

 

	6.	CONFIDENTIALITY. The COMPANY will agree and
        acknowledge that all documents generated by CARBIZ shall remain confidential.
        Unless otherwise provided, the COMPANY will not copy any of the documents
        or information generated by CARBIZ and agrees not to disclose any such
        documents or information to any third party. CARBIZ agrees not to disclose
        COMPANY'S information to any third party.

	 	 
	7.	WARRANTIES. CARBIZ does not guarantee any results from the use
      of the services provided.
	 	 
	8.	INVALID PROVISIONS. The invalidity or unenforceability
        of any particular provision of this Agreement shall not affect the other
        provisions herein.

	 	 
	9.	MUTUAL COOPERATION. CARBIZ and the COMPANY
        acknowledge that they will cooperate fully with each other by executing
        all necessary documents and performing any acts that may be reasonably
        necessary to implement the terms of this Agreement.

	 	 
	10.	TERMINATION. This year agreement will expire
        on November 31, 2005. Neither party may terminate the agreement prior
        to the expiration date. After the initial period, either COMPANY or CARBIZ
        may terminate this Agreement without cause after providing the other party
        with a thirty (30) day written notice. In the event of cancellation, the
        services shall continue and payment shall be due through the end of the
        calendar month following the month of cancellation. In the absence of
        such written notice the agreement shall renew automatically.

	 	 
	11.	ENTIRE AGREEMENT. This Agreement constitutes
        the entire agreement between the parties and supersedes all prior agreements
        and understandings of the parties. No modification of this Agreement shall
        be valid unless the modification is in writing and signed by both parties.

 CARBIZ USA, INC 

  7560 Commerce Court 

  Sarasota, FL. 34243

 CarBiz Auto Credit - JV1, LLC 

  4102 N. Florida Ave. 

  Tampa, FL 33603

	By: /s/ Signature	 	By: /s/ Stan Heintz
	          Dealer
      Representative	 	          CarBiz Representative
	 	 	 
	Title:______ Date: ______	 	Title: COO Date: 5/20/05
	 	 	 

 EXHIBIT A TO THE ADDITIONAL CONSULTING AGREEMENT 

REPORTS

 Each Monday night, at the close of business, Company shall
  transmit the following reports, via the Internet, to CARBIZ at: dmiller@carbiz.com
  and amosher@carbiz.com or ftp://support@carbiz.com.

 Lot Memo

  Long Version Delinquency List

  Inventory Price Sheet (sorted by days in Inventory)

  Inventory Cost Report (do not show expenses; sorted by days in inventory) 

  Profit & Loss Report (totals only / week in review) 

  Business Summary Report (full information/ week in review) 

  Bank Deposit Report (full Information/ week in review) 

  Accounts Receivable Report (full information; active accounts only) 

  Projection Report (totals only) 

  Paid Off Customer Reports (week in review) 

  Payment Status Report (upcoming week Tuesday through Monday) 

  Rewrite Reports (week in review)

 Until Company is successfully connected to the Internet, all
  reports must be forwarded via fax or overnight delivery service at Company's
  expense.

 EXHIBIT B TO THE ADDITIONAL CONSULTING AGREEMENT 

RECURRING FEES

COMPANY SHALL PAY TO CARBIZ A RECURRING MONTHLY FEE OF $1000.00. THE MONTHLY PAYMENT SHALL BE TENDERED ON OR BEFORE THE TENTH DAY OF THE MONTH FOLLOWING THE FIRST FULL MONTH OF OPERATION UNDER THIS AGREEMENT.

 ONLY ACTIVE DCF DEALERS ARE ELIGIBLE TO CONTRACT WITH CARBIZ
  FOR THE SERVICES OF THE ADDITIONAL CONSULTING PROGRAM. THE RECURRING MONTHLY
  FEE FOR THE ADDITIONAL CONSULTING PROGRAM SHALL INCLUDE SOFTWARE SUPPORT AND
  DCF SERVICE. DEALERS ON THE ADDITIONAL CONSULTING PROGRAM ARE NOT OBLIGATED
  TO PAY FOR DCF OR MSP SERVICE SEPARATELY.

 EXHIBIT C TO THE ADDITIONAL CONSULTING AGREEMENT 

AREA OF NON-COMPETITION

The area of non-competition shall be the area of the COMPANY'S DCF Dealerships Primary Sales Area, defined as follows:

 Within 15 miles of the Dealership location.Filed by Automated Filing Services Inc. (604) 609-0244 - Carbiz Inc. - Exhibit 10.12

 PROMISSORY NOTE

 TO: Medipac (US) International Inc. and Theodore
  Popel, "as their interests may apply". (Referred to in this document as "Lender").

1. PROMISE TO PAY

     FOR VALUE RECEIVED Carbiz Inc. (the "Borrower" or "Debtor") promises to pay, ON OR BEFORE SEPTEMBER 1, 2006 (the "Maturity Date"), to or to the order of [Lender] (the "Lender"), at the above address, the
sum of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000.00) US (the "Principal Amount"), which sum shall be drawn down by the Borrower in accordance with the following schedule:

	 On or *** about*** July 25, 2005 	 $50,000 
	 August 1, 2005 	 $50,000 
	 September 1, 2005 	 $50,000 

in lawful money of the U.S.A., together with interest and other fees and monies which may from time to time be owing hereunder or pursuant hereto, which amount represents a loan made to the undersigned by Lender on the dates described
above.

 2. INTEREST RATE AND PAYMENTS

     The Borrower shall pay interest on the Principal Amount computed from the date of advance of monies by the Lender to the Borrower hereunder at a rate of 17.7% per annum (the "Interest Rate"). Interest shall be payable
in lawful money of the United States of America on the balance from time to time outstanding of the Principal Amount of this Promissory Note and on any other monies due and payable hereunder (including the interest) at the Interest Rate calculated
and payable monthly in arrears on the last business day of each month during the term of this Note.

     Payments equal to FIFTEEN THOUSAND DOLLARS ($15,000) US, which amount shall include principal and interest, shall be made on the first day of each month beginning on October 1, 2005 and ending *** August 1,
2006***.

3. DEFAULT AND PENALTIES

 The occurrence of any of the following shall constitute an
  Event of Default hereunder:

	 	(a)	 default in the payment of principal or interest in accordance with the
      terms hereof ; or
	 	 	 
	 	(b)	 any misrepresentation by the Borrower as to any material matter hereunder.

-2- 

     Upon the occurrence of the earlier
  of an Event of Default or the Maturity Date, the Principal Sum, plus interest
  at the Interest Rate, calculated and payable from the date of advance up to
  and including the Repayment Date, shall be immediately due and payable in full.
  Upon the occurrence of any such Event of Default and the acceleration of the
  maturity of the indebtedness evidenced by this Note:

	 	(a)	 the Lender shall immediately be entitled to exercise
        any and all rights and remedies possessed by the Lender pursuant to the
        terms of the Note; and

	 	 	 
	 	(b)	 the Lender shall have any and all other rights and
        remedies that Lender may now or hereafter possess at law, in equity or
        by statute.

 4. SECURITY

      For value received, the undersigned
  hereby grants to the Lender a subordinate security interest, mortgage and charge
  (hereinafter collectively referred to as the "Security Interest") as hereinafter
  provided: (Subordinate to Automotive Finance Corporation)

	 	(a)	 a security interest in
        the undertaking of Debtor and all of Debtor's present and after acquired
        personal property including, without limitation, all Goods (including
        all parts, accessories, attachments, special tools, additions and accessions
        thereto), Chattel Paper, Documents of Title (whether negotiable or not),
        Instruments, Intangibles, Money and Securities now owned or hereafter
        owned or acquired by or on behalf of Debtor (including such as may be
        returned to or repossessed by Debtor) and including, without limitation,
        all of the following now owned or hereafter owned or acquired by or on
        behalf of Debtor:

	 	 	 	 
	 	 	A.	 all Inventory of whatever kind and wherever situate;
	 	 	 	 
	 	 	B.	 all equipment (other than Inventory) of whatever
        kind and wherever situate, including, without limitation, all machinery,
        tools, apparatus, plant, furniture, fixtures and vehicles of whatsoever
        nature or kind;

	 	 	 	 
	 	 	C. 	all Accounts and book debts and generally all debts,
        dues, claims, chooses in action and demands of every nature and kind howsoever
        arising or secured and whether arising in connection with an interest
        in real or personal property or otherwise, including letters of credit
        and advices of credit, which are now due, owing or accruing or growing
        due to or owned by or which may hereafter become due, owing or accruing
        or growing due to or owned by Debtor (collectively referred to as the
        "Debts");

	 	 	 	 
	 	 	D.	 all deeds, documents, writings, papers, books of
        account and other books relating to or being records of Debts, Chattel
        Paper or Documents of Title or by which such are or may hereafter be secured,
        evidenced, acknowledged or made payable by the Debtor;

	 	 	 	 
	 	 	E.	 all contractual rights and insurance claims; and

-3-

	 	 	F.	 all patents, industrial designs, trade-marks, trade
        secrets and know-how, including without limitation, environmental technology
        and biotechnology, confidential information, trade-names, goodwill, copyrights,
        personality rights, plant breeders' rights, integrated circuit topographies,
        software and all other forms of intellectual and industrial property,
        and any registrations and applications for registration of any of the
        foregoing (collectively referred to as "Intellectual Property"); and

	 	 	 	 
	 	(b)	 a mortgage and charge as
        and by way of a floating charge, in all of Debtor's present and after
        acquired interest in property, assets and undertaking not secured in (i)
        above, including all real, immoveable and leasehold property and all easements,
        rights-of-way, privileges, benefits, licences, improvements and rights
        whether connected therewith or appurtenant thereto or separately owned
        or held, including without limitation, all structures, plants and other
        fixtures now owned or hereafter owned or acquired by or on behalf of Debtor
        (collectively referred to as "Real Property"); and

	 	 	 	 
	 	(c)	 a Security Interest in
        all proceeds and renewals thereof, accretions thereto and substitutions
        therefor, all of the foregoing being hereinafter collectively referred
        to as the "Collateral".

     The Security Interest granted hereby shall not extend or apply to, and Collateral shall not include, the last day of the term of any lease or agreement therefor, but upon the enforcement of the Security Interest Debtor
shall stand possessed of such last day in trust to assign the same to any person acquiring such term. The Security Interest granted hereby shall also be subject to any valid prior security interest of the Debtor in force as at the date hereof.

     The terms "Goods", "Chattel Paper", "Document of Title", "Instrument", "Intangible", "Security", "proceeds", "Inventory", "equipment", "accessions", "Money", "Account", "financing statement" and "financing change
statement" whenever used herein shall be interpreted pursuant to their respective meanings or comparable meanings under the Uniform Commercial Code ("UCC") of the state of the United States of America in which any such Collateral is located or where
the Debtor conducts business or is organized . Provided always that the term "Goods" when used herein shall not include "consumer goods" of Debtor as that term is defined in the UCC and the term "Inventory" when used herein shall include livestock
and the young thereof after conception and crops that become such during the term of this Security Agreement. Any reference herein to "Collateral" shall, unless the context otherwise requires, be deemed a reference to "Collateral or any part
thereof'.

5. GOVERNING LAW AND JURISDICTION

     This Promissory Note shall be governed by and construed in accordance with, the laws of the State of Florida and the federal laws of the United States of America applicable therein (other than the conflict of laws
rules).

     The parties hereby submit to the jurisdiction of the Courts of the State of Florida in respect of any dispute arising under this Promissory Note or any security related thereto.

-4- 

6. NO DEDUCTION

     All payments of principal, interest, fees and other amounts to be made pursuant to this Promissory Note shall be made free and clear of and without deduction for, any and all present and future taxes, withholdings,
levies, duties, any governmental charges and all liabilities with respect thereto, and without setoff, withholding, deduction or counterclaim of any kind whatsoever. If, with regard to any payment to be made the Borrower to the Lender pursuant to
this Promissory Note, any deduction for any and all present and future taxes, withholdings, levies, duties, governmental charges or any liability with respect thereto as required by law, the Borrower shall pay such additional amounts as may be
necessary in order that the net amount received by the Lender after such deduction shall equal each payment which would have been received by the Lender in the absence of such deduction.

 7. NOTICE

     Any notice or written communication given pursuant to or in connection with this Promissory Note shall be in writing and shall be given by delivering the same personally or by prepaid courier, prepaid registered mail,
or telecopier, addressed to the party to be notified at the address of such party set out herein or at such other address of which such party has given notice to the other party hereto. Any such notice shall be conclusively deemed to have been given
and received on the day of actual receipt by the addressee or, if given by prepaid registered or certified mail, on the fifth day following the mailing date (absent a general disruption in postal service).

8. SUCCESSORS AND ASSIGNS

     This Promissory Note shall be binding upon the Borrower and his heirs, executors, administrators and other legal representatives and shall enure to the benefit of the Lender and its successors and assigns. Any
references herein to the Lender or the Borrower shall include their respective successors and assigns as if specifically named. This Promissory Note may be assigned by the Lender and, if to assigned, the Lender shall provide the Borrower with
written notice of such assignment. Present for payment, demand, protest, notice of protest, notice of dishonour and statutory days of grace respecting this Promissory Note or hereby waived.

      IN WITNESS WHEREOF the Borrower
  has executed this Promissory Note effective as of the date first written above.

	 	CARBIZ INC.
	 	 
	 	Per: /s/ Signature (c/s)

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