Document:

Filed by sedaredgar.com - Nexaria Wireless Inc. - Exhibit 10.3

THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE SECURITIES
AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE AND HAVE BEEN
ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “1933 ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR
SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS.

UNLESS OTHERWISE PERMITTED UNDER SECURITIES LEGISLATION, THE
HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY IN OR FROM BRITISH COLUMBIA
UNLESS THE CONDITIONS IN SECTION 12(2) OF BC INSTRUMENT 51-509 ISSUERS QUOTED IN
THE U.S. OVER-THE-COUNTER MARKET ARE MET.

STOCK OPTION AGREEMENT 
(U.S. Persons)

This AGREEMENT is entered into as of the 5th day of October,
  2009 (the “Date of Grant”).

BETWEEN:

TECHNOLOGY PUBLISHING, INC., a
company incorporated pursuant to the laws of the 
State of Nevada, with an
office at #1404 – 510 West Hastings Street, Vancouver, BC V6B 1L8

(the “Company”)

AND:

<>, a businessman with an
address at <> 

(the “Optionee”) 

WHEREAS:

A.          
The Company’s board of directors (the “Board”) has approved and adopted a Stock
Option Plan (the “Plan”), whereby the Board is authorized to grant stock options
to purchase common shares of the Company to the directors, officers, employees,
management company employees and consultants of the Company; and

B.          
Pursuant to a share exchange agreement (the “Share Exchange Agreement”) dated
September 28, 2009 among the Company, NexAira Inc., a private Alberta
corporation (“NexAira”), the wholly-owned subsidiaries of the Company and
NexAira and various security holders of NexAira, the Company agreed to acquire
all of the issued and outstanding common shares of NexAira such that NexAira
became a wholly-owned subsidiary of the Company;

C.          
In connection with the Share Exchange Agreement, the Company agreed to grant
each of the NexAira stock option holders 1.75 options of the Company (each, an
“Option”) in exchange for each NexAira stock option held by each NexAira option
holder, with each Option entitling the holder to purchase one share of Common
Stock (as defined herein),

D.          
The Optionee was an option holder of NexAira and is a <>[director] of the
Company and, pursuant to the terms of the Share Exchange Agreement, the Company
wishes to grant stock options to purchase a total of <> shares of Common
Stock to the Optionee, as follows:

___________________ Incentive Stock
Options

___________________ Non Qualified
Stock Options

2

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the covenants and agreements set forth herein and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto agree as follows:

	1.          
      DEFINITIONS
	 
	1.1         
      In this Agreement, the following terms shall have the following
    meanings:

	 	(a) 	
      “Common Stock” means the shares of common stock of
      the Company;

	 	 	 
	 	(b) 	
      “Exercise Price” means $0.15;

	 	 	 
	 	(c) 	
      “Expiry Date” means July 17, 2013;

	 	 	 
	 	(d) 	
      “Notice of Exercise” means a notice in writing
      addressed to the Company at its address first recited hereto (or such
      other address of which the Company may from time to time notify the
      Optionee in writing), substantially in the form attached as Schedule “B”
      hereto, which notice shall specify therein the number of Optioned Shares
      in respect of which the Options are being exercised;

	 	 	 
	 	(e) 	
      “Options” means the irrevocable right and option
      to purchase, from time to time, all, or any part of the Optioned Shares
      granted to the Optionee by the Company pursuant to Section 2.1 of this
      Agreement;

	 	 	 
	 	(f) 	
      “Optioned Shares” means the shares of Common Stock
      that are issued pursuant to the exercise of the Options;

	 	 	 
	 	(g) 	
      “Securities” means, collectively, the Options and
      the Optioned Shares;

	 	 	 
	 	(h) 	
      “Shareholders” means holders of record of the
      shares of Common Stock;

	 	 	 
	 	(i) 	
      “U.S. Person” shall have the meaning ascribed
      thereto in Regulation S under the 1933 Act, and for the purpose of the
      Agreement includes any person in the United States; and

	 	 	 
	 	(j) 	
      “Vested Options” means the Options that have
      vested in accordance with Section 2.2 of this
Agreement.

1.2          
Capitalized terms not otherwise defined herein shall have the meanings ascribed
thereto in the Plan.

2.          
  THE OPTIONS

2.1          
The Company hereby grants to the Optionee, on the terms and conditions set out
in this Agreement and in the Plan, Options to purchase a total of <>
Optioned Shares at the Exercise Price.

2.2          
The Options vest in accordance with Schedule “A” to this Agreement. The Options
may be exercised immediately after vesting.

2.3          
The Options shall, at 5:00 p.m. (Pacific time) on the Expiry Date, expire and be
of no further force or effect whatsoever.

2.4          
The Company shall not be obligated to cause the issuance, transfer or delivery
of a certificate or certificates representing Optioned Shares to the Optionee,
until provision has been made by the Optionee, to the satisfaction of the
Company, for the payment of the aggregate Exercise Price for all Optioned Shares
for which the Options shall have been exercised, and for satisfaction of any tax
withholding obligations associated with such exercise.

2.5          
The Optionee shall have no rights whatsoever as a shareholder in respect of any
of the Optioned Shares (including any right to receive dividends or other
distribution therefrom or thereon) except in respect of which the Options have
been properly exercised in accordance with the terms of this Agreement.

2.6          
The Options will terminate in accordance with the provisions of the Plan.

3

2.7          
Subject to the provisions of this Agreement and the Plan and subject to
compliance with any applicable securities laws, the Options shall be
exercisable, in full or in part, at any time after vesting, until termination;
provided, however, that if the Optionee is subject to the reporting and
liability provisions of Section 16 of the Securities Exchange Act of 1934
with respect to the Common Stock, the Optionee shall be precluded from selling,
transferring or otherwise disposing of any Common Stock underlying any of the
Options during the six months immediately following the grant of the Options. If
less than all of the shares included in the vested portion of any Options are
purchased, the remainder may be purchased at any subsequent time prior to the
Expiry Date. Only whole shares may be issued pursuant to the exercise of any
Options, and to the extent that any Option covers less than one (1) share, it is
not exercisable.

2.8          
Each exercise of the Options shall be by means of delivery of a Notice of
Exercise (which may be in the form attached hereto as Schedule “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 and if agreed to in advance by the Company,
an Optionee or transferee of the Options 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 a properly executed Notice of Exercise
      together with irrevocable instructions to a broker promptly to sell or
      margin a sufficient portion of the Common Stock and deliver directly to
      the Company the amount of sale or margin loan proceeds to pay the Exercise
      Price; or

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

2.9      
     It is a condition precedent to the issuance of Optioned
Shares that the Optionee execute and/or deliver to the Company all documents and
withholding taxes required in accordance with applicable laws.

2.10          
Nothing in this Agreement shall obligate the Optionee to purchase any Optioned
Shares except those Optioned Shares in respect of which the Optionee shall have
exercised the Options in the manner provided in this Agreement or the Plan.

2.11          
Reference is made to the Plan for particulars of the rights and obligations of
the Optionee and the Company in respect of:

	 	(a) 	
      the terms and conditions on which the Options are
      granted; and,

	 	 	 
	 	(b) 	
      a consolidation or subdivision of the Company’s share
      capital or an amalgamation or merger;

all to the same effect as if the provisions of the Plan were
set out in this Agreement and to all of which the Optionee assents.

2.12          
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.

2.13          
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.
The Optionee further represents and agrees to provide the Company with any other
document reasonably requested by the Company or the Company’s Counsel.

3.            
DOCUMENTS REQUIRED FROM OPTIONEE

3.1          
The Optionee must complete, sign and return an executed copy of this Agreement
to the Company.

3.2          
The Optionee shall complete, sign and return to the Company as soon as possible,
on request by the Company, any documents, questionnaires, notices and
undertakings as may be required by regulatory authorities, and applicable
law.

4

4.         
   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 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. Nothing in
this Section 4 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.

5.       
     SUBJECT TO STOCK OPTION PLAN

The terms of the Options will be subject to the Plan, as 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 the Plan will be delivered to the Optionee,
and will be available for inspection at the principal offices of the
Company.

6.        
    ACKNOWLEDGEMENTS OF THE OPTIONEE

6.1          
The Optionee acknowledges and agrees that:

	 	(a) 	
      the Securities have not been registered under the 1933
      Act or under any state securities or “blue sky” laws of any state of the
      United States, and are being offered only in a transaction not involving
      any public offering within the meaning of the 1933 Act, and, unless so
      registered, may not be offered or sold in the United States or to U.S.
      Persons, except pursuant to an effective registration statement under the
      1933 Act, or pursuant to an exemption from, or in a transaction not
      subject to, the registration requirements of the 1933 Act, and in each
      case only in accordance with applicable state securities laws;

	 	 	 
	 	(b) 	
      the Company will refuse to register any transfer of the
      Securities not made in accordance with the provisions of Regulation S,
      pursuant to an effective registration statement under the 1933 Act or
      pursuant to an available exemption from, or in a transaction not subject
      to, the registration requirements of the 1933 Act;

	 	 	 
	 	(c) 	
      the decision to execute this Agreement and acquire the
      Securities hereunder has not been based upon any oral or written
      representation as to fact or otherwise made by or on behalf of the Company
      and such decision is based solely upon a review of publicly available
      information regarding the Company that is available on the website of the
      United States Securities and Exchange Commission (the “SEC”) at
      www.sec.gov (the “Company Information”);

	 	 	 
	 	(d) 	
      the Company and others are entitled to rely upon the
      truth and accuracy of the acknowledgements, representations, warranties,
      covenants and agreements contained in this Agreement and agrees that if
      any of such acknowledgements, representations and agreements are no longer
      accurate or have been breached, the Optionee shall promptly notify the
      Company, and the Optionee will hold harmless the Company from any loss or
      damage it may suffer as a result of the Optionee’s failure to correctly
      complete this Agreement;

	 	 	 
	 	(e) 	
      the Optionee has been advised to consult its own legal,
      tax and other advisors with respect to the merits and risks regarding the
      exercise of the Options and the issuance of the Optioned Shares and with
      respect to applicable resale restrictions and it is solely responsible
      (and the Company is in not any way responsible) for compliance with
      applicable resale restrictions;

	 	 	 
	 	(f) 	
      the Securities are not listed on any stock exchange or
      automated dealer quotation system and no representation has been made to
      the Optionee that any of the Securities will become listed on any stock
      exchange or automated dealer quotation system, except that currently
      certain market makers make market in the shares of the Company’s common
      stock on the OTC Bulletin Board;

5

	 	(g) 	
      neither the SEC nor any other securities commission or
      similar regulatory authority has reviewed or passed on the merits of the
      Securities;

	 	 	 
	 	(h) 	
      no documents in connection with this Agreement have been
      reviewed by the SEC or any state securities administrators;

	 	 	 
	 	(i) 	
      there is no government or other insurance covering any of
      the Securities; and

	 	 	 
	 	(j) 	
      this Agreement is not enforceable by the Optionee unless
      it has been accepted by the Company.

7.           
 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE
OPTIONEE

The Optionee hereby represents and warrants to and covenants
with the Company (which representations, warranties and covenants shall survive
the closing) that:

	 	(a) 	
      the Optionee is a director, officer, employee or
      consultant of the Company or one of its subsidiaries;

	 	 	 	 
	 	(b) 	
      the Optionee is a bona fide employee or
  consultant;

	 	 	 	 
	 	(c) 	
      the Optionee is a U.S. Person;

	 	 	 	 
	 	(d) 	
      the Optionee has received and carefully read this
      Agreement;

	 	 	 	 
	 	(e) 	
      the Optionee has the legal capacity and competence to
      enter into and execute this Agreement and to take all actions required
      pursuant hereto and, if the Optionee is a corporation, it is duly
      incorporated and validly subsisting under the laws of its jurisdiction of
      incorporation and all necessary approvals by its directors, shareholders
      and others have been obtained to authorize execution and performance of
      this Agreement on behalf of the Optionee;

	 	 	 	 
	 	(f) 	
      the Optionee:

	 	 	 	 
	 		(i) 	
      has adequate net worth and means of providing for its
      current financial needs and possible personal contingencies,

	 	 	 	 
	 		(ii) 	
      has no need for liquidity in this investment,
  and

	 	 	 	 
	 		(iii) 	
      is able to bear the economic risks of an investment in
      the Securities for an indefinite period of time, and can afford the
      complete loss of such investment;

	 	 	 	 
	 	(g) 	
      the Optionee has the requisite knowledge and experience
      in financial and business matters as to be capable of evaluating the
      merits and risks of the investment in the Securities and the Company, and
      the Optionee is providing evidence of such knowledge and experience in
      these matters through the information requested in this
  Agreement;

	 	 	 	 
	 	(h) 	
      the Optionee is aware that an investment in the Company
      is speculative and involves certain risks, including the possible loss of
      the investment;

	 	 	 	 
	 	(i) 	
      the entering into of this Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or, if applicable, the constating
      documents of, the Optionee, or of any agreement, written or oral, to which
      the Optionee may be a party or by which the Optionee is or may be
      bound;

	 	 	 	 
	 	(j) 	
      the Optionee has duly executed and delivered this
      Agreement and it constitutes a valid and binding agreement of the Optionee
      enforceable against the Optionee;

	 	 	 	 
	 	(k) 	
      the Optionee is purchasing the Securities for its own
      account for investment purposes only and not for the account of any other
      person and not for distribution, assignment or resale to others, and no
      other person

6

	 		
      has a direct or indirect beneficial interest is such
      Securities, and the Optionee has not subdivided his interest in the
      Securities with any other person;

	 	 	 	 
	 	(l) 	
      the Optionee is not an underwriter of, or dealer in, the
      shares of the Company’s common stock, nor is the Optionee participating,
      pursuant to a contractual agreement or otherwise, in the distribution of
      the Securities;

	 	 	 	 
	 	(m) 	
      the Optionee has made an independent examination and
      investigation of an investment in the Securities and the Company and has
      depended on the advice of its legal and financial advisors and agrees that
      the Company will not be responsible in anyway whatsoever for the
      Optionee’s decision to acquire the Securities;

	 	 	 	 
	 	(n) 	
      if the Optionee is acquiring the Securities as a
      fiduciary or agent for one or more investor accounts, the Optionee has
      sole investment discretion with respect to each such account, and the
      Optionee has full power to make the foregoing acknowledgements,
      representations and agreements on behalf of such account;

	 	 	 	 
	 	(o) 	
      the Optionee is not aware of any advertisement of any of
      the Securities and is not acquiring the Securities as a result of any form
      of general solicitation or general advertising including advertisements,
      articles, notices or other communications published in any newspaper,
      magazine or similar media or broadcast over radio or television, or any
      seminar or meeting whose attendees have been invited by general
      solicitation or general advertising; and,

	 	 	 	 
	 	(p) 	
      no person has made to the Optionee any written or oral
      representations:

	 	 	 	 
	 		(i) 	
      that any person will resell or repurchase any of the
      Securities,

	 	 	 	 
	 		(ii) 	
      that any person will refund the purchase price of any of
      the Securities,

	 	 	 	 
	 		(iii) 	
      as to the future price or value of any of the Securities,
      or

	 	 	 	 
	 		(iv) 	
      that any of the Securities will be listed and posted for
      trading on any stock exchange or automated dealer quotation system or that
      application has been made to list and post any of the Securities of the
      Company on any stock exchange or automated dealer quotation system, except
      that currently certain market makers make market in the shares of the
      Company’s common stock on the OTC Bulletin Board.

8.            
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.

9.           
 LEGENDING OF SUBJECT SECURITIES

9.1          
The Optionee hereby acknowledges that that upon the issuance thereof, and until
such time as the same is no longer required under the applicable securities laws
and regulations, the certificates representing any of the Securities will bear a
legend in substantially the following form:

	 	
      THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
      SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
      STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
      
	 

7

	 	
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933
      ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
      EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
      AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
      REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
      APPLICABLE STATE SECURITIES LAWS. 
	 
	 	
       
	 
		
      UNLESS OTHERWISE PERMITTED UNDER SECURITIES LEGISLATION,
      THE HOLDER OF THIS SECURITY MUST NOT TRADE THE SECURITY IN OR FROM BRITISH
      COLUMBIA UNLESS THE CONDITIONS IN SECTION 12(2) OF BC INSTRUMENT 51-509
      ISSUERS QUOTED IN THE U.S. OVER-THE-COUNTER MARKET ARE MET. 
	

9.2          
The Optionee hereby acknowledges and agrees to the Company making a notation on
its records or giving instructions to the registrar and transfer agent of the
Company in order to implement the restrictions on transfer set forth and
described in this Agreement.

10.            
RESALE RESTRICTIONS

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.           
 BRITISH COLUMBIA INSTRUMENT 51-509 RESTRICTIONS

The Option Holder represents, warrants, acknowledges and agrees
that:

	 	(a) 	
      pursuant to British Columbia Instrument 51-509 –
      Issuers Quoted in the U.S. Over –the-Counter Markets (“BCI
      51-509”), as adopted by the British Columbia Securities Commission, a
      subsequent trade in any of the Optioned Shares in or from British Columbia
      will be a distribution subject to the prospectus and registration
      requirements of applicable Canadian securities legislation (including the
      British Columbia Securities Act) unless certain conditions are met, which
      conditions include, among others, a requirement that any certificate
      representing the Optioned Shares (or ownership statement issued under a
      direct registration system or other book entry system) bear the
      restrictive legend (the “BC Legend”) specified in BCI 51-509;

	 	 	 
	 	(b) 	
      the Option Holder is not a resident of British Columbia
      and undertakes not to trade or resell any of the Optioned Shares in or
      from British Columbia unless the trade or resale is made in accordance
      with BCI 51-509;

	 	 	 
	 	(c) 	
      others will rely upon the truth and accuracy of the
      representations and warranties contained in this Section 17 and agrees
      that if such representations and warranties are no longer accurate or have
      been breached, the Option Holder shall immediately notify the
    Company;

	 	 	 
	 	(d) 	
      by executing and delivering this Agreement and as a
      consequence of the representations and warranties made by the Option
      Holder contained in this Section 17, the Option Holder will have directed
      the Company not to include the BC Legend on any certificates representing
      the Optioned Shares to be issued to the Option Holder. As a consequence,
      the Option Holder will not be able to rely on the resale provisions of BCI
      51-509, and any subsequent trade in any of the Optioned Shares in or from
      British Columbia will be a distribution subject to the prospectus and
      registration requirements of the British Columbia Securities Act;
    and

	 	 	 
	 	(e) 	
      if the Option Holder wishes to trade or resell any of the
      Optioned Shares in or from British Columbia, the Option Holder agrees and
      undertakes to return, prior to any such trade or resale, any certificate
      representing the Optioned Shares to the Company or its transfer agent, as
      applicable, to have the BC Legend imprinted on such certificate or to
      instruct the Company’s transfer agent to include the BC Legend on any
      ownership statement issued under a direct registration system or other
      book entry system.

8

12.           
 NO EMPLOYMENT RELATIONSHIP

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.

13.            
GOVERNING LAW

This Agreement is governed by the laws of the Province of
British Columbia.

14.            
COSTS

The Optionee acknowledges and agrees that all costs and
expenses incurred by the Optionee (including any fees and disbursements of any
special counsel retained by the Optionee) relating to the acquisition of the
Securities shall be borne by the Optionee.

15.            
SURVIVAL

This Agreement, including without limitation the
representations, warranties and covenants contained herein, shall survive and
continue in full force and effect and be binding upon the parties hereto
notwithstanding the completion of the purchase of the shares underlying the
Options by the Optionee pursuant hereto.

16.           
 ASSIGNMENT

This Agreement is not transferable or assignable.

17.            
CURRENCY

Unless explicitly stated otherwise, all funds in this Agreement
are stated in United States dollars.

18.            
SEVERABILITY

The invalidity or unenforceability of any particular provision
of this Agreement shall not affect or limit the validity or enforceability of
the remaining provisions of this Agreement.

19.            
COUNTERPARTS AND ELECTRONIC MEANS

This Agreement may be executed in several counterparts, each of
which will be deemed to be an original and all of which will together constitute
one and the same instrument. Delivery of an executed copy of this Agreement by
electronic facsimile transmission or other means of electronic communication
capable of producing a printed copy will be deemed to be execution and delivery
of this Agreement as of the date first above written.

20.            
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, once
approved, supersede all prior and contemporaneous oral and written statements
and representations and contain the entire agreement between the parties with
respect to the Options.

[THE NEXT PAGE IS THE SIGNATURE PAGE]

9

IN WITNESS WHEREOF the parties hereto have duly executed
this Agreement as of the date first above written.

TECHNOLOGY PUBLISHING, INC.

	Per: 		 
	 	Authorized Signatory 	 

	WITNESSED BY: 	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	Name 	) 	 
    
	  	) 	<> 
	  	) 	  
	Address 	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	Occupation 	) 	  

SCHEDULE “A”

VESTING SCHEDULE

Incentive Stock Options

	Date 	Number of Options to Vest 
	 	 
	 	 
	 	 
	 	 

Non Qualified Stock Options

	Date 	Number of Options to Vest 
	 	 
	 	 
	 	 
	 	 

SCHEDULE “B”
 NOTICE OF EXERCISE

	TO: 	Technology Publishing, Inc. 
	  	#1404 – 510 West Hastings Street 
	 	Vancouver, BC V6B
    1L8  

This Notice of Exercise shall constitute a proper Notice of
Exercise pursuant to paragraph 1.1(d) of the Stock Option Agreement dated as of
____________________ (the “Agreement”), between Technology Publishing, Inc. (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.
Such aggregate consideration, in the form specified in paragraph 1.1(d) of the
Agreement, accompanies this notice.

The Optionee hereby represents and warrants to the Company that
all representations and warranties set out in the Agreement are true as of the
date of the exercise of the Options under the Agreement.

The Optionee hereby further represents and warrants to the
Company that the Stock is being purchased only for investment and without
intention to sell or distribute such shares.

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
    
	 	 	 
		 	  
	City,
      State, and Zip Code 	 	 
	 	 	 
	  	 	Telephone Number 

DATED at _____________________________, the _______day
of______________, _______.

	 	X 
	 	Signature 
	 	 
	 	 
	 	(Name and, if applicable, Office) 
	 	 
	 	 
	 	(Address) 
	 	 
	 	 
	 	(City, State, and Zip Code) 
	 	 
	 	 
	 	Fax Number or E-mail Addressex41.htm

    Exhibit 4.1

     

    

    THIS
WARRANT AND THE SHARES OF COMMON STOCK ISSUED UPON ITS

    EXERCISE
ARE SUBJECT TO THE RESTRICTIONS ON

                 TRANSFER
SET FORTH IN SECTION 5 OF THIS
WARRANT        

     

    
      	
              Number
      of Shares: 1,000,000

              (subject
      to adjustment)

            	 
      
	
              Date
      of Issuance: September 14, 2009

              Original
      Issue Date (as defined in subsection 2(a)): September 14,
    2009

            	 
      

    

     

    BOTTOMLINE
TECHNOLOGIES (DE), INC.

     

    Common Stock Purchase
Warrant

     

    (Void
after September 14, 2019)

     

    BOTTOMLINE
TECHNOLOGIES (DE), INC., a Delaware corporation (the “Company”), for value
received, hereby certifies that BANK OF AMERICA, N.A., or its registered assigns
(the “Registered Holder”), is entitled, subject to the terms and conditions set
forth below, to purchase from the Company, at any time or from time to time on
or after the date of issuance and on or before 5:00 p.m. (Boston time) on
September 14, 2019, 1,000,000 shares of common stock, $.001 par value per share,
of the Company (“Common Stock”), at a purchase price of $8.50 per
share.  The shares purchasable upon exercise of this Warrant, and the
purchase price per share, each as adjusted from time to time pursuant to the
provisions of this Warrant, are hereinafter referred to as the “Warrant Shares”
and the “Purchase Price,” respectively.

     

    1. Exercise.

     

    (a) Exercise for
Cash.  The Registered Holder may, at its option, elect to
exercise this Warrant, in whole or in part and at any time or from time to time,
by surrendering this Warrant, with the purchase form appended hereto as Exhibit I duly
executed by or on behalf of the Registered Holder, at the
principal office of the Company, or at such other office or agency as the
Company may designate, accompanied by payment in full, in lawful money of the
United States, of the Purchase Price payable in respect of the number of Warrant
Shares purchased upon such exercise.

     

    (b) Exercise
Date.  Each exercise of this Warrant shall be deemed to have
been effected immediately prior to the close of business on the day on which
this Warrant shall have been surrendered to the Company as provided in
subsection 1(a) above (the “Exercise Date”).  At such time, the
person or
persons in whose name or names any certificates for Warrant Shares shall be
issuable upon such exercise as provided in subsection 1(c) below shall be deemed
to have become the holder or holders of record of the Warrant Shares represented
by such certificates.

     

    (c) Issuance of
Certificates.  As soon as practicable after the exercise of
this Warrant in whole or in part, and in any event within 10 days thereafter,
the Company, at its 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      expense,
will cause to be issued in the name of, and delivered to, the Registered Holder,
or as the Registered Holder may direct:

    

     

    (i) a
certificate or certificates for the number of full Warrant Shares to which the
Registered Holder shall be entitled upon such exercise plus, in lieu of any
fractional share to which the Registered Holder would otherwise be entitled,
cash in an amount determined pursuant to Section 3 hereof;
and

     

    (ii) in case
such exercise is in part only, a new warrant or warrants (dated the date hereof)
of like tenor, calling in the aggregate on the face or faces thereof for the
number of Warrant Shares equal (without giving effect to any adjustment therein)
to the number of such shares called for on
the face of this Warrant minus the number of Warrant Shares for which this
Warrant was so exercised.

     

    (d) The
Company shall pay all stamp taxes attributable to the initial issuance of shares
or other securities issuable upon the exercise of this Warrant or issuable
pursuant to Section 2 hereof, excluding any tax or taxes which may be payable
because of the transfer involved in the issuance or delivery
of any certificates for shares or other securities in a name other than that of
the Registered Holder in respect of which such shares or securities are
issued.

     

    2. Adjustments.

     

    (a) Adjustment for Stock Splits
and Combinations.  If the Company shall at any time or from
time to time after the date on which this Warrant was first issued (or, if this
Warrant was issued upon partial exercise of, or in replacement of, another
warrant of like tenor, then the date on which such
original warrant was first issued) (either such date being referred to as the
“Original Issue Date”) effect a subdivision of the outstanding Common Stock, the
Purchase Price then in effect immediately before that subdivision shall be
proportionately decreased.  If the Company shall at any time
or from time to time after the Original Issue Date combine the outstanding
shares of Common Stock, the Purchase Price then in effect immediately before the
combination shall be proportionately increased.  Any adjustment under
this paragraph shall become effective at the close of business
on the date the subdivision or combination becomes effective.

     

    (b) Adjustment for Certain
Dividends and Distributions.  In the event the Company at any
time, or from time to time after the Original Issue Date shall make or issue, or
fix a record date for the determination of holders of Common Stock entitled to
receive, a dividend or other distribution payable
in additional shares of Common Stock, then and in each such event the Purchase
Price then in effect immediately before such event shall be decreased as of the
time of such issuance or, in the event such a record date shall have been fixed,
as of the close of business on such record
date, by multiplying the Purchase Price then in effect by a
fraction:

     

    (1) the
numerator of which shall be the total number of shares of Common Stock issued
and outstanding immediately prior to the time of such issuance or the close of
business on such record date, and

     

    (2) the
denominator of which shall be the total number of 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    shares of
Common Stock issued and outstanding immediately prior to the time of such
issuance or the close of business on such record date plus the number of shares
of Common Stock issuable in payment of such dividend or
distribution;

     

    provided,
however, that if such record date shall have been fixed and such dividend is not
fully paid or if such distribution is not fully made on the date fixed therefor,
the Purchase Price shall be recomputed accordingly as of the close of business
on such record date and

    thereafter
the Purchase Price shall be adjusted pursuant to this paragraph as of the time
of actual payment of such dividends or distributions.

    

    (c) Adjustment in Number of
Warrant Shares.  When any adjustment is required to be made in
the Purchase Price pursuant to subsections 2(a) or 2(b), the number of
Warrant Shares purchasable upon the exercise of this Warrant shall be changed to
the number determined by dividing (i) an amount
equal to the number of shares issuable upon the exercise of this Warrant
immediately prior to such adjustment, multiplied by the Purchase Price in effect
immediately prior to such adjustment, by (ii) the Purchase Price in effect
immediately after such adjustment.

     

     (d) Adjustments for Other
Dividends and Distributions.  In the event the Company at any
time or from time to time after the Original Issue Date shall make or issue, or
fix a record date for the determination of holders of Common Stock entitled to
receive, a dividend or other distribution payable
in securities of the Company (other than shares of Common Stock) or in cash or
other property (other than regular cash dividends paid out of earnings or earned
surplus, determined in accordance with generally accepted accounting
principles), then and in each such event provision shall be
made so that the Registered Holder shall receive upon exercise hereof, in
addition to the number of shares of Common Stock issuable hereunder, the kind
and amount of securities of the Company, cash or other property which the
Registered Holder would have been entitled to receive had this
Warrant been exercised on the date of such event and had the Registered Holder
thereafter, during the period from the date of such event to and including the
Exercise Date, retained any such securities receivable during such period,
giving application to all adjustments called for during
such period under this Section 2 with respect to the rights of the Registered
Holder.

     

    (e) Adjustment for
Reorganization and Other Events.

     

    (i) If there
shall occur any reorganization, recapitalization, reclassification,
consolidation or merger involving the Company in which the Common Stock is
converted into or exchanged for securities, cash or other property (other than a
transaction covered by subsections 2(a), 2(b) or 2(d))
(collectively, a “Reorganization”), then, following such Reorganization, the
Registered Holder shall receive upon exercise hereof the kind and amount of
securities, cash or other property which the Registered Holder would have been
entitled to receive pursuant to such Reorganization
assuming such exercise had taken place immediately prior to such Reorganization.
In any such case, appropriate adjustment (as determined in good faith by the
board of directors of the Company (the “Board”)) shall be made in the
application of the provisions set forth
herein with respect to the rights and interests thereafter of the Registered
Holder, to the end that the provisions set forth in this Section 2 (including
provisions with respect to changes in and other adjustments of the Purchase
Price)

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      shall
thereafter be applicable, as nearly as reasonably may be, in relation to any
securities, cash or other property thereafter deliverable upon the exercise of
this Warrant.

    

     

    (ii) In the
event of any Reorganization (other than a reincorporation) involving: (a) any
merger or consolidation of the Company with or into another entity as a result
of which all of the Common Stock of the Company is converted into or exchanged
for the right to receive cash, securities
or other property or is cancelled, (b) any transfer or disposition of all of the
Common Stock of the Company for cash, securities or other property pursuant to a
share exchange or other transaction or (c) any liquidation or dissolution of the
Company, then (1) the Registered
Holder shall be provided with all notices and other information
contemporaneously with its provision to the other stockholders of the Company,
(2) notwithstanding anything in this Warrant to the contrary, this Warrant shall
be deemed to have been exercised effective immediately
prior the consummation of such Reorganization and in connection with the closing
of such Reorganization, subject to payment by the Registered Holder of the
Exercise Price in accordance with the provisions of Section 1 above, and (3) the
Registered Holder shall receive
upon exercise and payment hereunder the kind and amount of securities, cash or
other property which the Registered Holder would have been entitled to receive
pursuant to such Reorganization, assuming such exercise had taken place
immediately prior to such Reorganization.

     

    (iii) In the
event of a proposed sale of a majority of the outstanding Common Stock of the
Company in one transaction or a series of related transactions (other than as
part of a Reorganization) (a “Change of Control Event”), then (a)
then  the Registered Holder shall be provided with all
notices and other information related thereto contemporaneously with its
provision to the other stockholders of the Company, and (b) notwithstanding
anything in this Warrant to the contrary, the Registered Holder shall be
entitled to elect to exercise this Warrant and to sell,
offer to sell or contract to sell all or any portion of the Warrant Shares, in
which event this Warrant  shall be deemed to have been exercised
effective immediately prior the consummation of such Change of Control Event,
subject to payment by the Registered Holder of the Exercise
Price in accordance with the provisions of Section 1 above.

     

    (f) Certificate as to
Adjustments.

     

    (i) Upon the
occurrence of each adjustment or readjustment of the Purchase Price pursuant to
this Section 2, the Company at its expense shall, as promptly as reasonably
practicable but in any event not later than 10 days thereafter, compute such
adjustment or readjustment in accordance
with the terms hereof and furnish to the Registered Holder a certificate signed
by the chief financial officer setting forth such adjustment or readjustment
(including the kind and amount of securities, cash or other property for which
this Warrant shall be exercisable and the
Purchase Price) and showing in detail the facts upon which such adjustment or
readjustment is based.

     

    (ii) The
Company shall, as promptly as reasonably practicable after the written request
at any time of the Registered Holder (but in any event not later than 10 days
thereafter), furnish or cause to be furnished to the Registered Holder a
certificate setting forth (i) the Purchase Price then in
effect and (ii) the number of shares of Common Stock and the 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      amount,
if any, of other securities, cash or property which then would be received upon
the exercise of this Warrant.

    

     

    (g) No
Impairment.  The Company will not, by amendment of its
Certificate of Incorporation or through any reorganization, recapitalization,
transfer of assets, consolidation, merger, share exchange, dissolution or any
other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms of this Warrant, including without limitation the
adjustments required under this Section 2 hereof, and will at all times in good
faith assist in the carrying out of all such terms and in taking of all such
action as may be necessary or appropriate to protect the rights of
the Registered Holder against impairment.  Without limiting the
generality of the foregoing and notwithstanding any other provision of this
Warrant to the contrary, the Company (a) will not increase the par value of any
shares of Common Stock receivable on the exercise of this Warrant
above the amount payable therefor on such exercise and (b) will take all such
action as may be necessary or appropriate so that the Company may validly and
legally issue fully paid and nonassessable shares of Common Stock upon the
exercise of this Warrant.

     

    3. Fractional Shares; Fair
Market Value per Share of Common Stock.

     

    (a) Fractional
Shares.  The Company shall not be required upon the exercise of
this Warrant to issue any fractional shares, but shall pay the value thereof to
the Registered Holder in cash on the basis of the Fair Market Value per share of
Common Stock (as hereinafter defined) as of the Exercise
Date.

     

    (b) Fair Market Value per share
of Common Stock.  As used herein, “Fair Market Value per share
of Common Stock” as of a determination date means the following:  (i)
if the Common Stock is listed on a national securities exchange or another
nationally recognized trading system as of the determination
date, the Fair Market Value per share of Common Stock shall be deemed to be the
average of the daily volume weighted average price (VWAP), as reported by
Bloomberg Financial Markets (or, if Bloomberg Financial Markets is not then
reporting such prices, by a comparable reporting
service of national reputation selected by the Registered Holder and reasonably
satisfactory to the Company), for the 10 consecutive trading days ending on the
fifth trading day before the determination date; and (ii) if the Common Stock is
not listed on a national securities exchange
or another nationally recognized trading system as of the determination date,
the Fair Market Value per share of Common Stock shall be deemed to be the amount
determined effective as of the most recent quarter end in good faith by the
Board to represent the fair market value per share
of the Common Stock based upon an arm’s length sale of the Company on such date
(including its ownership interest in all Persons) as an entirety, such sale
being between a willing buyer and a willing seller and determined without
reference to any discount for minority interest, restrictions
on transfer, disparate voting rights among classes of capital stock or lack of
marketability with respect to capital stock. For purposes of making the
determination referred to in clause (ii) of the preceding sentence, the Board
shall rely in good faith on a valuation report prepared by an
independent investment banking firm or other firm with expertise in performing
company valuations which is reasonably acceptable to the Holder.

     

    4. Investment
Representations.  The initial Registered Holder represents and
warrants to the Company as follows:

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (a) Investment.  It
is acquiring the Warrant, and (if and when it exercises this Warrant) it will
acquire the Warrant Shares, for its own account for investment and not with a
view to, or for sale in connection with, any distribution thereof, nor with any
present intention of distributing or selling the same;
and the Registered Holder has no present or contemplated agreement, undertaking,
arrangement, obligation, indebtedness or commitment providing for the
disposition thereof.

     

    (b) Accredited
Investor.  The Registered Holder is an “accredited investor” as
defined in Rule 501(a) under the Securities Act of 1933, as amended (the
“Act”).

     

    (c) Experience.  The
Registered Holder has made such inquiry concerning the Company and its business
and personnel as it has deemed appropriate; and the Registered Holder has
sufficient knowledge and experience in finance and business that it is capable
of evaluating the risks and merits of
its investment in the Company.

     

    5. Transfers,
etc.

     

    (a) The
Registered Holder agrees that it shall not transfer the Warrant itself as part
of any strategy to hedge, short or otherwise manipulate the value of the Common
Stock provided that this restriction shall not apply to, or otherwise restrict
any transfer of, the Warrant Shares.

     

    (b) In
addition to the restrictions set forth in subsection 5(a), during any calendar
month, the Registered Holder shall not offer, sell or contract to sell in excess
of an aggregate number of Warrant Shares equal to 20% of the number of Warrant
Shares initially issuable pursuant to this Warrant
(as adjusted from time to time pursuant to the provisions of this
Warrant),  provided that nothing in this Section 5 shall limit or
restrict the Registered Holder’s right to exercise this Warrant and to sell,
offer to sell or contract to sell the Warrant Shares as set forth in subsection
2(e) herein.

     

    (c) In
addition to the restrictions set forth in subsections 5(a) and 5(b), this
Warrant and the Warrant Shares shall not be sold or transferred unless either
(i) they first shall have been registered under the Act, or (ii) an
applicable exemption from the registration requirements of the Act exists,
provided,
that the Company may request, at its expense, that the Registered Holder deliver
an opinion of legal counsel, reasonably satisfactory to the Company, to the
effect that such sale or transfer is exempt from the registration requirements
of the Act.  Notwithstanding the foregoing, no
registration or opinion of counsel shall be required for (i) a transfer by
a Registered Holder which is an entity to an affiliate (as defined in Rule 144
promulgated under the Act) of such entity, a transfer by a Registered Holder
which is a partnership to a partner of such partnership or a retired
partner of such partnership or to the estate of any such partner or retired
partner, or a transfer by a Registered Holder which is a limited liability
company to a member of such limited liability company or a retired member or to
the estate of any such member or retired member, provided that the
transferee in each case agrees in writing to be subject to the terms of this
Section 5, or (ii) a transfer made in accordance with Rule 144
under the Act.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (d) Each
certificate representing Warrant Shares shall bear a legend substantially in the
following form:

     

    “The
securities represented by this certificate have not been registered under the
Securities Act of 1933, as amended, and may not be offered, sold or otherwise
transferred, pledged or hypothecated unless and until such securities are
registered under such Act or an opinion of counsel satisfactory to the Company
is obtained to the effect that such registration is not required.”

     

    The
foregoing legend shall be removed from the certificates representing any Warrant
Shares, at the request of the holder thereof, at such time as (i) a period of at
least six months, as determined in accordance with paragraph (d) of Rule 144
under the Act, has elapsed since the later of the date the Warrant
Shares were acquired from the Company or an affiliate of the Company, or (ii)
the Warrant Shares become eligible for resale pursuant to Rule 144(b)(1)(i)
under the Act.

     

    Each
certificate representing Warrant Shares shall also bear a legend substantially
in the following form:

     

    “The
securities represented by this certificate are subject to certain restrictions
on transfer as set forth in a Common Stock Purchase Warrant dated September 14,
2009.”

     

    (e) The
Company will maintain a register containing the name and address of the
Registered Holder of this Warrant.  The Registered Holder may change
its address as shown on the warrant register by written notice to the Company
requesting such change.

     

    (f) Notwithstanding
any provision herein to the contrary, this Warrant and all Warrant Shares and
other rights hereunder are transferable, in whole or in part, (i) to a Related
Entity (as defined below) of the Registered Holder at any time, (ii) subject to
the restrictions with respect to Warrant Shares
set forth in Section 5(b), to any other party on or after the earlier to occur
of (A) the date that is one year after the Original Issue Date and (B) the date
on which the OCC Notice (as defined in Section 9 below) is given, and (iii)
notwithstanding any other provision of this Warrant, as permitted
in accordance with the terms of Section 2(e) above, in each case upon surrender
of this Warrant with a properly executed assignment (in the form of Exhibit II
hereto) at the principal office of the Company (or, if another office or agency
has been designated by the Company for such
purpose, then at such other office or agency).  As used herein,
“Related Entity” means, with respect to a particular entity, a person,
corporation, partnership, or other entity that controls, is controlled by or is
under common control with such entity.  For the purposes of this
definition, the word
“control” (including, with correlative meaning, the terms “controlled by” or
“under the common control with”) means the actual power, either directly or
indirectly through one or more intermediaries, to direct or cause the direction
of the management and policies of such entity by (i) the
ownership of more than fifty percent (50%) of the voting stock of such entity,
(ii) the right to elect more than 50% of its directors (or members of a similar
governing body) or (iii) contract.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6. Notices of Record Date,
etc.  In the event:

     

    (a) the
Company shall take a record of the holders of its Common Stock (or other stock
or securities at the time deliverable upon the exercise of this Warrant) for the
purpose of entitling or enabling them to receive any dividend or other
distribution, or to receive any right to subscribe for or purchase
any shares of stock of any class or any other securities, or to receive any
other right; or

     

    (b) of any
capital reorganization of the Company, any reclassification of the Common Stock
of the Company, any consolidation or merger of the Company with or into another
corporation (other than a consolidation or merger in which the Company is the
surviving entity and its Common Stock is
not converted into or exchanged for any other securities or property), or any
transfer of all or substantially all of the assets of the Company;
or

     

    (c) of the
voluntary or involuntary dissolution, liquidation or winding-up of the
Company,

     

    then, and
in each such case, the Company will send or cause to be sent to the Registered
Holder a notice specifying, as the case may be, (i) the record date for such
dividend, distribution or right, and the amount and character of such dividend,
distribution or right, or (ii) the effective date on which
such reorganization, reclassification, consolidation, merger, transfer,
dissolution, liquidation or winding-up is to take place, and the time, if any is
to be fixed, as of which the holders of record of Common Stock (or such other
stock or securities at the time deliverable upon the exercise
of this Warrant) shall be entitled to exchange their shares of Common Stock (or
such other stock or securities) for securities or other property deliverable
upon such reorganization, reclassification, consolidation, merger, transfer,
dissolution, liquidation or winding-up.  Such notice shall be
sent at least 20 days prior to the record date or effective date for the event
specified in such notice.

    

    7. Reservation of
Stock.  The Company will at all times reserve and keep
available, solely for issuance and delivery upon the exercise of this Warrant,
such number of Warrant Shares and other securities, cash and/or property, as
from time to time shall be issuable upon the exercise of this
Warrant.

     

    8. Exchange or Replacement of
Warrants.

     

    (a) Upon the
surrender by the Registered Holder, properly endorsed, to the Company at the
principal office of the Company, the Company will, subject to the provisions of
Section 5 hereof, issue and deliver to or upon the order of the Registered
Holder, at the Company’s expense, a new Warrant
or Warrants of like tenor, in the name of the Registered Holder or as the
Registered Holder (upon payment by the Registered Holder of any applicable
transfer taxes) may direct, calling in the aggregate on the face or faces
thereof for the number of shares of Common Stock (or other securities,
cash and/or property) then issuable upon exercise of this Warrant.

     

    (b) Upon
receipt of evidence reasonably satisfactory to the Company of the loss, theft,
destruction or mutilation of this Warrant and (in the case of loss, theft or
destruction) upon delivery of an indemnity agreement (with surety if reasonably
required) in an amount 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      reasonably
satisfactory to the Company, or (in the case of mutilation) upon surrender and
cancellation of this Warrant, the Company will issue, in lieu thereof, a new
Warrant of like tenor.

    

     

    9. OCC
Compliance.  The Company does not engage in activities that are
not set forth in 12 C.F.R. § 5.34(e)(5)(v) or in applicable OCC
precedent.  In the event the Company becomes aware that it is engaging
in activities not set forth in 12 CFR § 5.34(e)(5)(v) or applicable OCC
precedent, the Company
agrees to provide prior written notice (the “OCC Notice”) to the Registered
Holder.  If the Registered Holder becomes aware that the Company
is engaging in activities not set forth in 12 CFR § 5.34(e)(5)(v) or applicable
OCC precedent, the Registered Holder may provide a written notice (also a
“OCC Notice ”)  to the Company which shall be binding upon the parties
hereto unless the Company promptly and reasonably demonstrates to the Registered
Holder that the Company is not engaging in activities not set forth in 12
CFR § 5.34(e)(5)(v) or applicable OCC precedent.

     

    10. Regulatory Requirements and
Restrictions. In the event of any reasonable determination by the
Registered Holder that, by reason of any existing or future federal or state
law, statute, rule, regulation, guideline, order, court or administrative
ruling, request or directive (whether or not having the force of
law and whether or not failure to comply therewith would be unlawful)
(collectively, a “Regulatory Requirement”), the Registered Holder is effectively
restricted or prohibited from holding this Warrant or the Warrant Shares
(including any shares of capital stock or other securities
distributable
to the Registered Holder in any merger, reorganization, readjustment or other
reclassification), or otherwise realizing upon or receiving the benefits
intended under this Warrant, the Company shall use its best efforts, to the
extent commercially reasonable, to take such action as the Registered
Holder and the Company shall jointly agree in good faith to be necessary to
permit the Registered Holder to comply with such Regulatory
Requirement.  The reasonable costs of taking such action, whether by
the Company, the Registered Holder or otherwise, shall be borne by the
Registered
Holder.

     

    11. Validly Issued
Shares.  The Company covenants that all shares of Common Stock
that may be issued upon exercise of this Warrant, assuming full payment of the
aggregate Purchase Price (including those issued pursuant to Section 2) shall,
upon delivery by the Company, be duly authorized and
validly issued, fully paid and nonassessable, free from all stamp taxes, liens
and charges with respect to the issue or delivery thereof and otherwise free of
all other security interests, encumbrances and claims of any nature whatsoever
(other than security interests, encumbrances and claims to which the
Registered Holder is subject prior to or upon the issuance of the Warrant,
restrictions under applicable federal and/or state securities laws and other
transfer restrictions described herein).

     

    12. Notices.  All
notices and other communications from the Company to the Registered Holder in
connection herewith shall be mailed by certified or registered mail, postage
prepaid, or sent via a reputable nationwide overnight courier service
guaranteeing next business day delivery, to the address last
furnished to the Company in writing by the Registered Holder.  All
notices and other communications from the Registered Holder to the Company in
connection herewith shall be mailed by certified or registered mail, postage
prepaid, or sent via a reputable nationwide overnight courier service
guaranteeing
next business day delivery, to the Company at its principal office set forth
below.  If the Company should at any time change the location of its
principal office to a place other than as set forth below, it shall give prompt
written notice to the 

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      Registered
Holder and thereafter all references in this Warrant to the location of its
principal office at the particular time shall be as so specified in such notice.
All such notices and communications shall be deemed delivered (i) three
business days after being sent by certified or registered mail, return
receipt requested, postage prepaid, or (ii) one business day after being
sent via a reputable nationwide overnight courier service guaranteeing next
business day delivery.

    

     

    13. No Rights as
Stockholder.  Until the exercise of this Warrant, the
Registered Holder shall not have or exercise any rights by virtue hereof as a
stockholder of the Company.  Notwithstanding the foregoing, in the
event (i) the Company effects a split of the Common Stock by means of a
stock dividend
and the Purchase Price of and the number of Warrant Shares are adjusted as of
the date of the distribution of the dividend (rather than as of the record date
for such dividend), and (ii) the Registered Holder exercises this Warrant
between the record date and the distribution date for such stock
dividend, the Registered Holder shall be entitled to receive, on the
distribution date, the stock dividend with respect to the shares of Common Stock
acquired upon such exercise, notwithstanding the fact that such shares were not
outstanding as of the close of business on the record date for such
stock dividend.

     

    14. Amendment or
Waiver.  Any term of this Warrant may be amended or waived only
by an instrument in writing signed by the party against which enforcement of the
change or waiver is sought.  No waivers of any term, condition or
provision of this Warrant, in any one or more instances, shall be deemed to
be, or construed as, a further or continuing waiver of any such term, condition
or provision.  It is agreed that no delay or omission to exercise any
right, power or remedy accruing to the Registered Holder upon any breach or
default of the Company under this Warrant shall impair any such
right, power or remedy.  It is further agreed that all remedies,
either under this Warrant, or by law or otherwise afforded to the Registered
Holder, shall be cumulative and not alternative.

     

    15. Section
Headings.  The section headings in this Warrant are for the
convenience of the parties and in no way alter, modify, amend, limit or restrict
the contractual obligations of the parties.

     

    16. Governing
Law.  This Warrant will be governed by and construed in
accordance with the internal laws of the State of Delaware (without reference to
the conflicts of law provisions thereof).

     

    17. Facsimile Signatures.
This Warrant may be executed by facsimile signature.

     

    18. Rights of
Transferees.  Subject to Section 5, the rights granted to
the Registered Holder hereunder of this Warrant shall pass to and inure to the
benefit of all subsequent transferees of all or any portion of the Warrant
(provided that the Registered Holder and any transferee shall hold such rights
in
proportion to their respective ownership of the Warrant and Warrant Shares)
until extinguished pursuant to the terms hereof.

     

    19. Successors and
Assigns.  This Warrant shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and
assigns.

     

    20. Severability.  If
any one or more of the provisions contained herein, or the application thereof
in any circumstance, is held invalid, illegal or unenforceable in any respect

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      for any
reason, the validity, legality and enforceability of any such provision in every
other respect and of the remaining provisions hereof shall not be in any way
impaired, unless the provisions held invalid, illegal or unenforceable shall
substantially impair the benefits of the remaining provisions hereof.

    

     

    21. Rules of
Construction.  Unless the context otherwise requires “or” is
not exclusive, and references to sections or subsections refer to sections or
subsections of this Warrant.  All pronouns and any variations thereof
refer to the masculine, feminine or neuter, singular or plural, as the context
may require.

     

    

     

    EXECUTED
as of the Date of Issuance indicated above.

     

    BOTTOMLINE
TECHNOLOGIES (DE), INC.

    

    By:         /s/
Robert A. Eberle_____________

    

    Name:         Robert
A. Eberle_____________

    

    Title:          President
and CEO____________

    ATTEST:

      /s/ Karen
Haraden________

    

    Name:  Karen
Haraden_____

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
I

    PURCHASE
FORM

     

    To:_________________                                                                                                                     Dated:____________

    The
undersigned, pursuant to the provisions set forth in the attached Warrant
(No. ___), hereby elects to purchase ______________shares of the Common
Stock of BOTTOMLINE TECHNOLOGIES (DE), INC. covered by such
Warrant.

     

    The
undersigned herewith makes payment of the full purchase price for such shares at
the price per share provided for in such Warrant.  Such payment takes
the form of $______ in lawful money of the United States.

     

                                            
Signature:  ______________________

                                             Address:  _______________________

                                            _______________________

    

    
      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

    

    EXHIBIT
II

    ASSIGNMENT
FORM

     

    FOR VALUE
RECEIVED, ________________________________________ hereby sells, assigns and
transfers all of the rights of the undersigned under the attached Warrant (No.
____) with respect to the number of shares of Common Stock of BOTTOMLINE
TECHNOLOGIES (DE), INC.covered thereby set forth below, unto:

     

    
      	
              Name of Assignee

            	
              Address

            	
              No. of Shares

            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

    

    Dated:_____________________                                                                                                   Signature:________________________________

    Signature
Guaranteed:

    By:
_______________________

    The
signature should be guaranteed by an eligible guarantor institution (banks,
stockbrokers, savings and loan associations and credit unions with membership in
an approved signature guarantee medallion program) pursuant to Rule 17Ad-15
under the Securities Exchange Act of 1934.

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