Document:

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

CARBIZ INC. 
2007 INCENTIVE STOCK PLAN

NON-QUALIFIED STOCK OPTION AGREEMENT
FOR

CONSULTANT

	Granted
        {DATE 1}

This Non-Qualified Stock Option Agreement evidences the grant
of a Non-Qualified Stock Option (“Option”) to {NAME} (the “Participant”)
pursuant to Article VI of the Carbiz Inc. 2007 Incentive Stock Plan (the
“Plan”). This Agreement also describes the terms and conditions of the Option
evidenced by this Agreement. 

	1. 	
      Grant of Options. In consideration of the services
      rendered to Carbiz Inc. (the “Company”) and/or its Subsidiaries by the
      Participant as a consultant to the Company or a Subsidiary, the Company
      hereby grants to the Participant an Option to purchase all or any part of
      a total of {NUMBER} Shares of the Company at a price of ${PRICE} per Share
      (“Option Price”). This Option is granted as of {DATE 1} (“Award Date”).
      This Option is granted pursuant to the Plan and is subject to the terms
      thereof.

	 	 	 	 
	2. 	
      Term.

	 	 	 	 
		(a) 	
      Normal Term. The term of this Option is {TERM
      YEARS} years, until {DATE 2}; provided, however, that this Option may be
      terminated earlier as provided below.

	 	 	 	 
		(b) 	
      Early Termination. This Option will terminate on
      the date the Consulting Service (as defined in Paragraph 7) ceases;
      provided, however, that, to the extent this Option is exercisable or
      becomes exercisable upon cessation of the Participant’s Consulting
      Service, this Option will remain exercisable until {DATE 2}.

	 	 	 	 
	3. 	
      Exercise.

	 	 	 	 
		(a) 	
      Exercisability. This Option is first exercisable,
      in whole or in part, on and after the applicable time provided
    below:

	 	 	 	 
			(i) 	
      Subject to earlier exercisability as provided in (ii) or
      (iii) below, this Option shall become exercisable as follows: (1) 20% of
      the total number of Shares awarded under this Agreement shall be first
      exercisable on the first anniversary of the Award Date, (2) the second 20%
      of the total number of Shares awarded under this Agreement shall be first
      exercisable on the second anniversary of the Award Date, (3) the third 20%
      of the total number of Shares awarded under this Agreement shall be first
      exercisable on the third anniversary of the Award Date, (4) the fourth 20%
      of the total number of Shares awarded under this Agreement shall be first
      exercisable on the fourth anniversary of the Award Date, and (5) the fifth
      20% of the total number of Shares awarded under this Agreement shall be
      first exercisable on the fifth anniversary of the Award Date.

	 	 	 	 
			(ii) 	
      If a Change in Control occurs after the Award Date,
      before the expiration date of this Option and during the continuation of
      the Participant’s Consulting Service (as defined in Paragraph 7), this
      Option may first be exercised (to the extent not already exercisable), in
      whole or in part, after the date such Change in Control occurs.

	 	 	 	 
			(iii) 	
      If the Participant’s Consulting Service (as defined in
      Paragraph 7) ceases as a result of the Participant’s death or total and
      permanent disability (within the meaning of Section 22(e)(3) of the Code),
      this Option may first be exercised (to the extent not already
      exercisable), in whole or

- 1 -

in part, on the date of such cessation
of the Participant’s Consulting Service (as defined in Paragraph 7). 

	 	(b) 	 By Whom Exercisable. During the Participant’s
        lifetime, this Option may be exercised only by the Participant or, where
        this Option has been transferred to a family member, family trust, or
        family partnership pursuant to Paragraph 5, the family member, the trustee
        of the family trust, or the general partner of the family partnership.
        To the extent this Option has not been transferred to a family member,
        family trust, or family partnership pursuant to Paragraph 5, if the Participant
        dies prior to the expiration date of this Option without having exercised
        this Option as to all of the Shares covered thereby for which rights have
        not been transferred, this Option may be exercised, to the extent of the
        Shares with respect to which this Option could have been exercised by
        the Participant immediately prior to his or her death, by the estate or
        a person who acquired the right to exercise this Option (or untransferred
        portion thereof) by bequest or inheritance from, or by reason of the death
        of, the Participant. To the extent this Option has been transferred to
        a family member pursuant to Paragraph 5 and the transferee family member
        dies prior to the expiration date of this Option without having exercised
        this Option as to all of the Shares covered thereby, the transferred portion
        of this Option may be exercised, to the extent of the Shares with respect
        to which this Option could have been exercised by the family member if
        such family member were still living, by the estate or a person who acquired
        the right to exercise this Option by bequest or inheritance from, or by
        reason of the death of, the transferee family member. To the extent this
        Option has been transferred to a family trust or family partnership pursuant
        to Paragraph 5 and the family trust or family partnership has terminated
        or otherwise distributed this Option to its beneficiaries or partners
        prior to the expiration date of this Option without having exercised this
        Option as to all of the Shares covered thereby, the transferred portion
        of this Option may be exercised, to the extent of the Shares with respect
        to which this Option could have been exercised by the trustee of the family
        trust or general partner of the family partnership if the family trust
        or family partnership were still in existence, by the person who acquired
        the right to exercise this Option by distribution from the family trust
        or partnership.

	 	 	 
	 	(c) 	 Exercise. This Option shall be exercised by delivery
        on any business day to the Company of a Notice of Exercise in the form
        attached to this Agreement accompanied by payment of the Option Price
        as provided in Paragraph 4 and payment in full, to the extent required
        by Paragraph 12, of the amount of any tax the Company is required to withhold
        as a result of such exercise.

	4. 	
      Payment of Option Price. The Option Price will be
      payable in full upon exercise of this Option to purchase Shares, and such
      Option Price must be paid in cash or certified check or wire transfer or
      by a combination of the foregoing.

	 	 
	5. 	
      Transferability. This Option may not be
      transferred by the Participant except by will or by the laws of descent
      and distribution or by a transfer, in whole or in part, without
      consideration by gift to a member or members of the Participant’s
      “immediate family,” as such term is defined under Exchange Act Rule
      16a-l(e), or to a trust for the benefit solely of a member or members of
      the Participant’s immediate family, or to a partnership or other entity
      whose only owners are members of the Participant’s family. For purposes
      hereof, “family member” means any child, stepchild, grandchild, parent,
      stepparent, grandparent, spouse, former spouse, sibling, niece, nephew,
      mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law,
      or sister-in-law, including adoptive relationships, any person sharing the
      Participant’s household (other than a tenant or employee), or a trust in
      which these persons have more than fifty percent of the beneficial
      interest. No transfer of this Option in whole or in part by gift to a
      family member shall be effective until the Company receives written notice
      of such transfer in a form acceptable to it. The attached Transfer by Gift
      to Family Member, Trust, or Partnership form may be used to effect such a
      transfer by gift, and the delivery of a completed copy of such form to the
      Company shall constitute notice to the Company.

	 	 
	6. 	
      Forfeiture. This Option shall be forfeited if it
      is not exercisable at the time of the Participant’s cessation of
      Consulting Service (as defined in Paragraph 7) if such cessation occurs
      for any reason other than Participant’s retirement from Consulting Service
      in accordance with any applicable Company policy on mandatory
  or

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      permissive retirement, death, or total and permanent
      disability (within the meaning of Section 22(e)(3) of the Code).

	 	 	 
	7. 	
      Consulting Service.

	 	 	 
		(a) 	
      For purposes hereof, “Consulting Service” means the
      provision of services to the Company or a Subsidiary pursuant to a written
      consulting agreement. A cessation of Consulting Service shall be deemed to
      have occurred upon the expiration of such consulting agreement, unless
      such services are extended pursuant to the terms of such agreement or
      under a new agreement. Notwithstanding any contrary provision or
      implication herein, in determining cessation of Consulting Service for
      purposes hereof, a transfer of services between the Company and/or any
      Subsidiary shall be disregarded and shall not be considered a cessation of
      Consulting Service, and changes in status between that of a consultant to
      an Employee or a Non-Employee Director shall be disregarded and shall not
      be considered a cessation of Consulting Service.

	 	 	 
		(b) 	
      Nothing under the Plan or in this Agreement shall confer
      upon the Participant any right to continue Consulting Service or in any
      way affect any right of the Company to terminate the Participant’s
      Consulting Service.

	 	 	 
	8. 	
      Compliance with Securities Laws. The Company
      covenants that it will file and attempt to maintain an effective
      registration statement with the United States Securities and Exchange
      Commission covering the Shares of the Company, which are the subject of
      and may be issued pursuant to this Agreement, at all times during which
      this Option is exercisable and there is no applicable exemption from
      registration of such Shares; provided, however, that this Option shall not
      be exercisable for Shares at any time if its exercise would cause the
      Company to be in violation of any applicable provisions of the United
      States federal or state securities law.

	 	 	 
	9. 	
      Administration of Plan. The Plan is administered
      by a Committee appointed by the Board of Directors. The Committee has the
      authority to construe and interpret the Plan, to make rules of general
      application relating to the Plan, to amend outstanding options, and to
      require of any person exercising this Option, at the time of such
      exercise, the execution of any paper or the making of any representation
      or the giving of any commitment that the Committee shall, in its
      discretion, deem necessary or advisable by reason of the securities laws
      of the United States or any state, or the execution of any paper or the
      payment of any sum of money in respect of taxes or the undertaking to pay
      or have paid any such sum that the Committee shall, in its discretion,
      deem necessary by reason of the Code or any rule or regulation thereunder
      or by reason of the tax laws of any state. All such Committee
      determinations shall be final, conclusive, and binding upon the Company
      and the Participant.

	 	 	 
	10. 	
      Capital Adjustments. The number of Shares covered
      by this Option, and the Option Price thereof, will be subject to an
      appropriate and equitable adjustment, as determined by the Committee, to
      reflect any share dividend, share split, or share combination, and will be
      subject to such adjustment as the Committee may deem appropriate to
      reflect any exchange of shares, recapitalization, merger, consolidation,
      separation, reorganization, liquidation, or the like, of or by the
      Company.

	 	 	 
	11. 	
      Rights as a Shareholder. The Participant, or a
      transferee of this Option, shall have no rights as a shareholder with
      respect to any Shares subject to this Option until the date of the
      exercise of this Option for such Shares. No adjustment shall be made for
      dividends (ordinary or extraordinary, whether in cash, securities, or
      other property) or distributions or other rights for which the record date
      is prior to the date of such exercise, except as provided in Paragraph 10
      hereof.

	 	 	 
	12. 	
      Withholding Taxes. The Company, or one of its
      Subsidiaries, shall have the right to withhold any federal, state, or
      local taxes or any other applicable taxes required to be withheld by law
      with respect to the exercise of this Option. The Participant will be
      required to pay the Company, as appropriate, the amount of any such taxes
      which the Company, or one of its Subsidiaries, is required to withhold. In
      lieu thereof, the Company shall have the right

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      to withhold from any other cash amounts due to or to
      become due from the Company to the Participant an amount equal to such
      taxes required to be withheld by the Company to reimburse the Company for
      any such taxes; or to retain and withhold a number of Shares having a Fair
      Market Value on the date of exercise not less than the amount of such
      taxes, and cancel any such Shares so withheld, in order to reimburse the
      Company for any such taxes.

	 	 
	13. 	
      Governing Law. This Agreement shall be construed
      in accordance with and governed by the laws of the State of
  Florida.

	 	 
	14. 	
      Successors. This Agreement shall be binding upon
      and inure to the benefit of the successors, assigns, heirs, and legal
      representatives of the respective parties.

	 	 
	15. 	
      Prohibition Against Pledge, Attachment, etc.
      Except as otherwise provided herein, this Option, and the rights and
      privileges conferred hereby, shall not be transferred, assigned, pledged,
      or hypothecated in any way and shall not be subject to execution,
      attachment, or similar process.

	 	 
	16. 	
      Not Intended to be an Incentive Stock Option. This
      Option is not intended to qualify as an incentive stock option within the
      meaning of Section 422(b) of the Code, and the provisions hereof shall be
      construed consistent with that intent.

	 	 
	17. 	
      Capitalized Terms. Capitalized terms in this
      Agreement have the meaning assigned to them in the Plan, unless this
      Agreement provides, or the context requires,
otherwise.

To evidence their agreement to the terms and conditions of this
Option, the Company and the Participant have signed this Agreement as of the
date first above written. 

	CARBIZ INC.: 	By: _______________________________________________
	 	 
	  	Its: _______________________________________________
	  	  
	PARTICIPANT: 	  
	  	{NAME} 

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NOTICE OF EXERCISE

Carbiz Inc. 
[ADDRESS]

I hereby exercise my Option pursuant to that certain
Non-Qualified Stock Option Agreement dated {DATE 1} (the “Stock Option
Agreement”) awarded under the Carbiz Inc. 2007 Incentive Stock Plan (the
“Plan”), subject to all of the terms and conditions of the said Stock Option
Agreement and the Plan referred to therein, and hereby notify you of my election
to purchase the following stated number of Shares of Carbiz Inc., an Ontario,
Canada corporation (the “Company”), from the award therein as indicated below at
the following stated Option Price per Share. 

	Number of Shares - 	Option Price per Share - $ 	Total 
	Option Price - $ 	  	  

If this Notice of Exercise involves fewer than all of the
Shares that are subject to option under the said Stock Option Agreement, I
retain the right to exercise my option for the balance of the Shares remaining
subject to option, all in accordance with the terms of the said Stock Option
Agreement. 

I agree to provide the Company with such other documents and
representations as it deems appropriate in connection with this option exercise.

Payment of Exercise Price. This Notice of Exercise is
accompanied by cash, a certified check or confirmation of a wire transfer in the
amount of $_____________.

Tax Withholding. Subject to any satisfaction of tax
withholding pursuant to the next paragraph, I hereby authorize the Company (and
any of its Subsidiaries) to withhold from my compensation or any other pay from
the Company (and any of its Subsidiaries) the applicable minimum amount of any
taxes required by law and the said Stock Option Agreement to be withheld as a
result of this exercise, to the extent not satisfied by the attached check in
the amount of $_____________. 

[ ] [Check only if desired] I request that the Company withhold
from the Shares otherwise to be issued to me in connection with this exercise a
sufficient number of Shares having a value (based on the Shares’ Fair Market
Value on the date of exercise) needed to satisfy the payment of [ ] all or [ ]
$________of the applicable minimum amount of any taxes required by law and the
said Stock Option Agreement to be withheld as a result of this exercise. 

My current address and my Social Security Number are as follows:

Address: _________________________________________________________________

________________________________________________________________________

Social Security Number: ________________________________________

	Date: 	 	 
	                                                                                                                                                               	 	 {NAME} 

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TRANSFER BY GIFT TO FAMILY MEMBER, TRUST OR
PARTNERSHIP

I, __________________________________________________(name),
hereby transfer without consideration by gift to the following named family
member, family trust or family partnership all of my right, title and interest
with respect to (check one and complete) [ ] all or [ ]
___________________(enter number of Shares) Shares of Carbiz Inc. granted to me
pursuant to a Stock Option Agreement dated {DATE 1}.

Name, Address and Social Security Number (or Employer
Identification Number) of Family Member, Family Trust or Family Partnership
Transferee:

Name, Address and Social Security Number
  

  (or Employer Identification Number) 

  of Family Member, Family Trust or Family Partnership Transferee:

Name - ___________________________________________________________________________

Address - _________________________________________________________________________

_________________________________________________________________________________

SSN or EIN - _______________________

I certify that the transferee is a “family member,”
  “family trust” or “family partnership” as described in the
  aforesaid Stock Option Agreement by reason of the following relationship to
  me: 

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

If this transfer is to a family trust or family partnership, I
have attached a copy of the applicable family trust agreement, as amended, or
family partnership agreement, as amended; and I agree to promptly provide Carbiz
Inc. with any and all future amendments to such agreement once made. 

I also agree to provide Carbiz Inc. with such other documents
and representations as it deems appropriate, pursuant to the Option and the
Plan.

- 6 -

	______________________________	 
	(Date) 	(Signature) 
	 	 
	  	(Print Name of Participant) 
	 	 
	  	(Social Security Number) 

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

CARBIZ INC.
2007 INCENTIVE STOCK PLAN

RESTRICTED STOCK
AGREEMENT
FOR
EMPLOYEE

	Granted
        {DATE 1}

This Restricted Stock Agreement is entered into as of {DATE 1}
pursuant to Article VII of the Carbiz Inc. 2007 Incentive Stock Plan (the
“Plan”) and evidences the grant, and the terms, conditions and restrictions
pertaining thereto, of Restricted Stock awarded to {NAME} (the
“Participant”).

	1. 	
      Award of Shares. In consideration of the services
      rendered to Carbiz Inc. (the “Company”) and/or its Subsidiaries by the
      Participant as an Employee of the Company or a Subsidiary, the Committee
      hereby grants to the Participant a Restricted Stock Award as of {DATE 1}
      (“Award Date”), covering {NUMBER} Shares of the Company (the “Award
      Shares”) subject to the terms, conditions, and restrictions set forth in
      this Agreement. This Award is granted pursuant to the Plan and is subject
      to the terms thereof.

	2. 	
      Period of Restriction.

	 	 	 
		(a) 	
      Subject to earlier vesting or forfeiture as hereinafter
      provided, the period of restriction (the “Period of Restriction”)
      applicable to the Award Shares is as follows: (1) one year from the Award
      Date with respect to 20% of the Award Shares, (2) two years from the Award
      Date with respect to the second 20% of the Award Shares, (3) three years
      from the Award Date with respect to the third 20% of the Award Shares, (4)
      four years from the Award Date with respect to the fourth 20% of the Award
      Shares, and (5) five years from the Award Date with respect to the fifth
      and final 20% of the Award Shares.

	 	 	 
		(b) 	
      Notwithstanding any other provision of this Agreement to
      the contrary, if a Change in Control occurs after the Award Date and
      during the continuation of the Participant’s Company Service (as defined
      in Paragraph 7), the Period of Restriction shall end and any remaining
      restrictions applicable to any of the Award Shares shall automatically
      terminate and the Award Shares shall be free of restrictions and freely
      transferable.

	 	 	 
		(c) 	
      Except as otherwise provided pursuant to Paragraph 2(b)
      or 6, the applicable portion of the Award Shares shall become freely
      transferable by the Participant after the last day of its Period of
      Restriction.

	3. 	
      Share Certificates. The share certificate(s) for
      the Award Shares shall be registered on the Company’s share transfer books
      in the name of the Participant in certificated form. Physical possession
      of the share certificate(s) shall be retained by the Company until such
      time as the Period of Restriction lapses.

	 	 
		
      In addition to any other legend(s) required under
      applicable United States federal or state securities laws or any other
      applicable laws, any certificate(s) evidencing the Award Shares shall bear
      the following legend, during the Period of
Restriction:

  
    The sale or other transfer of the shares represented by
      this certificate, whether voluntary, involuntary, or by operation of law,
      is subject to certain restrictions on transfer set forth in the Carbiz Inc.
      2007 Incentive Stock Plan, in the rules and administrative procedures adopted
      pursuant to such Plan, and in a Restricted Stock Agreement dated {DATE 1}.
      A copy of the Plan, such rules and procedures, and such Restricted Stock
      Agreement may be obtained from the Secretary of Carbiz Inc.

  

- 1 -

	4. 	
      Voting Rights. During the Period of Restriction,
      the Participant may exercise full voting rights with respect to the Award
      Shares.

	 	 	 
	5. 	
      Dividends and Other Distributions. During the
      Period of Restriction, the Participant shall be entitled to receive
      currently all dividends and other distributions paid with respect to the
      Award Shares (other than dividends or distributions which are paid in
      Shares). If, during the Period of Restriction, any such dividends or
      distributions are paid in Shares, such Shares shall be registered in the
      name of the Participant and, if issued in certificate form, deposited with
      the Company as provided in Paragraph 3, and such Shares shall be subject
      to the same restrictions on transferability as the Award Shares with
      respect to which they were paid.

	 	 	 
	6. 	
      Company Service and Forfeiture.

	 	 	 
		(a) 	
      If the Participant’s Company Service (as defined in
      Paragraph 7) ceases due to the Participant’s death or permanent and total
      disability (within the meaning of Section 22(e)(3) of the Code), any
      remaining Period of Restriction applicable to the Award Shares shall
      automatically terminate and the Award Shares shall be free of restrictions
      and freely transferable, except as otherwise set forth herein.

	 	 	 
		(b) 	
      If the Participant’s Company Service (as defined in
      Paragraph 7) ceases due to the Participant’s retirement from employment
      with the Company or one of its Subsidiaries in accordance with any
      applicable Company policy on mandatory or permissive, early or normal
      retirement as in effect at the date of such retirement during the Period
      of Restriction, the restrictions applicable to the Award Shares shall
      automatically terminate and the Award Shares shall be free of restrictions
      and freely transferable, except as otherwise set forth herein.

	 	 	 
		(c) 	
      If the Participant’s Company Service (as defined in
      Paragraph 7) ceases for any reason other than those set forth in
      Paragraphs 6(a) and (b) above during the Period of Restriction, any Award
      Shares still subject to restrictions at the date of such cessation of
      Company Service shall be automatically forfeited to the Company; provided,
      however, that, if Participant’s Company Service ceases involuntarily at
      the Company’s or a Subsidiary’s instigation, the Committee, may, in its
      sole discretion, waive the automatic forfeiture of any or all Award Shares
      and/or may add such new restrictions to the Award Shares as it deems
      appropriate.

	 	 	 
	7. 	
      Company Service.

	 	 	 
		(a) 	
      For purposes hereof, “Company Service” means service as
      an Employee and includes subsequent service as a member of the Board of
      Directors of the Company or a Subsidiary, if any, as provided in this
      paragraph. Notwithstanding any contrary provision or implication herein,
      in determining cessation of Company Service for purposes hereof, transfers
      between the Company and/or any Subsidiary shall be disregarded and shall
      not be considered a cessation of Company Service, and changes in status
      between that of an Employee and a Non-Employee Director shall be
      disregarded and shall not be considered a cessation of Company
    Service.

	 	 	 
		(b) 	
      Nothing under the Plan or in this Agreement shall confer
      upon the Participant any right to continue Company Service or in any way
      affect any right of the Company to terminate the Participant’s Company
      Service without prior notice at any time for any or no reason.

	 	 	 
	8. 	
      Withholding Taxes. The Company shall have the
      right to retain and withhold the amount of taxes required by any
      government to be withheld or otherwise deducted and paid with respect to
      the Award Shares. At its discretion, the Committee may require the
      Participant to reimburse the Company for any such taxes required to be
      withheld by the Company and may withhold any distribution in whole or in
      part until the Company is so reimbursed. In lieu thereof, the Company
      shall have the right to withhold from any other cash amounts due to or to
      become due from the Company to the Participant an amount equal to such
      taxes required to be withheld by the Company to reimburse the Company for
      any such taxes; or to retain and withhold a number of Shares having a Fair
      Market

- 2 -

		
      Value not less than the amount of such taxes, and cancel
      any such Shares so withheld, in order to reimburse the Company for any
      such taxes.

	 	 
	9. 	
      Compliance with Securities Laws. The Company
      covenants that it will file and attempt to maintain an effective
      registration statement with the United States Securities and Exchange
      Commission covering the Shares of the Company, which are the subject of
      and may be issued pursuant to this Agreement, at all times during which
      this Award is outstanding and there is no applicable exemption from
      registration under United States federal or state securities laws for such
      Shares.

	 	 
	10. 	
      Administration. The Plan is administered by a
      Committee appointed by the Board of Directors. The Committee has the
      authority to construe and interpret the Plan, to make rules of general
      application relating to the Plan, to amend outstanding Awards, and to
      require of any person receiving Shares pursuant to this Award, at the time
      of such receipt, the execution of any paper or the making of any
      representation or the giving of any commitment that the Committee shall,
      in its discretion, deem necessary or advisable by reason of the securities
      laws of the United States or any state, or the execution of any paper or
      the payment of any sum of money in respect of taxes or the undertaking to
      pay or have paid any such sum that the Committee shall, in its discretion,
      deem necessary by reason of the Code or any rule or regulation thereunder
      or by reason of the tax laws of any state. All such Committee
      determinations shall be final, conclusive, and binding upon the Company
      and the Participant.

	 	 
	11. 	
      Governing Law. This Agreement shall be construed
      in accordance with and governed by the laws of the State of
  Florida.

	 	 
	12. 	
      Successors. This Agreement shall be binding upon
      and inure to the benefit of the successors, assigns, heirs, and legal
      representatives of the respective parties.

	 	 
	13. 	
      Prohibition Against Pledge, Attachment, etc.
      Except as otherwise provided herein, during the Period of Restriction,
      the Award Shares, and the rights and privileges conferred hereby, shall
      not be transferred, assigned, pledged or hypothecated in any way and shall
      not be subject to execution, attachment or similar process.

	 	 
	14. 	
      Capitalized Terms. Capitalized terms in this
      Agreement have the meaning assigned to them in the Plan, unless this
      Agreement provides, or the context requires,
otherwise.

To evidence their agreement to the terms, conditions, and
restrictions, the Company and the Participant have signed this Agreement as of
the date first above written.

	CARBIZ INC.: 	By: _______________________________________________
	 	 
	  	Its: _______________________________________________
	  	  
	PARTICIPANT: 	  
	  	{NAME} 

- 3 -

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