Document:

Exhibit 10.10

 

EXECUTION VERSION

 

EXPENSE REIMBURSEMENT AGREEMENT

 

This EXPENSE REIMBURSEMENT AGREEMENT (this “Agreement”), dated as of April 1, 2016 (the “Effective Date”), is entered into by and between First Hawaiian, Inc., a Delaware corporation formerly known as BancWest Corporation (“FHI”), with its principal address at 999 Bishop Street, 29th Floor, Honolulu, HI 96813, and BancWest Holding Inc., a Delaware corporation (“BWHI”), with its principal place of business located at 180 Montgomery Street, 25th Floor, San Francisco, CA 94104.  For convenience, FHB and BWHI shall be referred to individually as a “party” and collectively, as the “parties”.

 

WHEREAS, prior to the Effective Date, FHI was a wholly-owned subsidiary of BNP Paribas, a corporation organized and domiciled in the French Republic (“BNPP”), and was the direct holding company of First Hawaiian Bank, a Hawaii state-chartered bank (“FHB”), and Bank of the West, a California state-chartered bank (“BoW”);

 

WHEREAS, BNPP effected a series of reorganization transactions on the Effective Date that have caused BoW to cease to be a subsidiary of FHI and to become a wholly-owned subsidiary of BWHI, a direct wholly-owned subsidiary of BNPP, so that both of FHI and BWHI are wholly-owned subsidiaries of BNPP, FHI is the holding company of FHB and BWHI is the holding company of BoW;

 

WHEREAS, FHI and FHB are parties to that AMENDED AND RESTATED MANAGEMENT SERVICES AGREEMENT, dated as of November 28, 2012 (the “FHB-FHI MSA”), attached to this Agreement as Exhibit A, under which FHB provides certain services to FHI in exchange for compensation;

 

WHEREAS, certain services FHB provides to FHI pursuant to the FHB-FHI MSA are for the ultimate benefit of BWHI or BNPP and its subsidiaries; and

 

WHEREAS, FHI, BWHI and BNPP desire that any and all expenses incurred by FHI related to such services provided by FHB be reimbursed by BWHI as provided herein.

 

NOW THEREFORE, in consideration of the representations and warranties contained in this Agreement, and other good and valuable consideration, the receipt, adequacy and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

 

1.                                                              Services.  The parties agree and acknowledge that FHB performs certain services pursuant to, and in accordance with the terms of, the FHB-FHI MSA (collectively, the “Services”).  The parties further agree and acknowledge that certain of the Services performed by FHB pursuant to the FHB-FHI MSA relate to: (i) compliance with the Comprehensive Capital Analysis and Review framework (“CCAR”) of the Board of Governors of the Federal Reserve System (the “FRB”) by the entities which previously were owned by FHI and are planned to be owned as of July 1, 2016, by BWC Holding, Inc. (to be renamed BancWest Corporation); (ii) the implementation of and compliance with the reporting requirements of BNP Paribas USA, Inc.

 

 

(“BNPP USA”), the BNPP U.S. subsidiary that will become BNPP’s intermediate holding company for purposes of the FRB’s Regulation YY (“IHC Reporting”), and reporting requirements of BWC Holdings Inc., a subsidiary of BNPP USA (“BWC Holdings Reporting”); and (iii) other Services performed on behalf of and in connection with BNPP and its subsidiaries other than on behalf of or allocable to FHI (“Other BNPP Services”).

 

All services provided pursuant to this Agreement shall be consistent with service standards, as set out in any other writing signed by both parties to this Agreement.  In the absence of a specific service standard, FHI and FHB shall utilize the same standard of care in providing services to BWHI that they utilize in connection with their own similar activities, and shall have no liability to BWHI for any damages it may suffer as long as FHI and FHB have acted in accordance with the applicable standard of care.  The parties agree that services may be added or deleted under this Agreement at any time by a writing signed by both parties to this Agreement.

 

2.                                                              Reimbursement.  The parties agree that BWHI will reimburse FHI for all amounts charged by FHB to FHI reasonably in accordance with past practices pursuant to, and in accordance with the terms of, the FHB-FHI MSA to the extent such charges relate to Services related to: (i) CCAR; (ii) IHC Reporting and BWC Holdings Reporting; or (iii) Other BNPP Services (all such expenses, “Reimbursable Expenses”).

 

FHI shall charge BWHI monthly in arrears for Reimbursable Expenses.  FHI shall provide sufficient detail to BWHI for all monthly charges to permit BWHI to verify that the charges cover Reimbursable Expenses.  BWHI shall pay FHI any undisputed portion of a bill no later than ten (10) business days after receiving such bill.

 

Within ten (10) business days of receiving a bill for Reimbursable Expenses, BWHI may object to any item that it reasonably and in good faith determines not to be a Reimbursable Expense.  If such objection is made, the parties will cooperate in good faith to address any such objection and resolve any related dispute and, if they are not able to resolve any such dispute between themselves, will resolve such dispute in accordance with the provisions of Section 6 (Dispute Resolution) of the Master Reorganization Agreement, dated April 1, 2016, among FHI, BWHI and BNPP.

 

No payment owed by BWHI to FHI shall be deemed to be late or in default if such payment is in dispute pursuant to this Section 2(b); provided that any payments owed by BWHI to FHI related to a disputed portion of a bill shall be paid within ten (10) business days of such dispute being resolved.

 

FHI shall maintain sufficient records, in reasonable detail, of the amounts charged by FHB to FHI under the FHB-FHI MSA that constitute Reimbursable Expenses.  Upon request, FHI shall provide copies of such records to BWHI.

 

3.                                                              Mutual Indemnification.  BWHI agrees to indemnify and hold FHI and FHB, as the case may be, harmless from and against all loss or damage, including reasonable attorney’s fees, costs and expenses incurred by FHI or FHB as a result of any claims related to or arising

 

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out of FHB’s performance of its duties and obligations under this Agreement, unless such loss or damage shall arise from FHI’s or FHB’s failure to perform its duties under this Agreement or the FHB-FHI MSA, as applicable,  with reasonable care or unless such loss or damage shall arise from the negligent or intentional acts or omissions of FHI or FHB.  FHI agrees to indemnify and hold BWHI harmless from and against all loss or damage, including reasonable attorney’s fees, costs and expenses incurred by BWHI as a result of any claims related to or arising out of FHI’s failure to perform its duties and obligations under this Agreement or FHB’s failure to perform the Services giving rise to Reimbursable Expenses with reasonable care, unless such loss or damage shall arise from the negligent or intentional acts or omissions of BWHI, BoW, BNPP or BNP Paribas USA.  In the foregoing sentence, the words “loss or damage” include, but are not limited to, loss or damage arising directly or indirectly from any actions or omissions of any employee or authorized representative of either party.

 

4.                                                              Confidentiality.  All information disclosed by either party to the other under the terms of this Agreement, except such information as may be generally available to the public or the banking industry, is and will be kept confidential unless its disclosure is required by law or is required by the regulatory supervisor(s) of either party.

 

5.                                                              Term of Agreement.

 

(a)                                 This Agreement shall terminate on July 1, 2016.

 

(b)                                 Either party may terminate this Agreement at any time prior to July 1, 2016 upon one (1) month’s prior written notice to the other party.

 

(c)                                  If any time during the term of this Agreement the practices hereunder are declared unlawful by federal or state authorities or by a judicial body, either party may terminate this Agreement immediately without penalty upon written notice to the other party.

 

6.                                                              Notices.  All notices relating to this Agreement shall be in writing and shall be sent to the respective parties at the following addresses (or at such other addresses for a party as shall be specified in like notice):

 

If to FHI:                                           Michael Ching

First Hawaiian, Inc.

999 Bishop Street, 29th Floor

Honolulu, Hawaii 96813

 

If to BWHI:                             Attn: General Counsel

BancWest Holding Inc.

180 Montgomery Street, 25th Floor

San Francisco, California 94194

 

7.                                                              Breach.  Upon the breach of any obligation under this Agreement by either party, the aggrieved party shall give the defaulting party notice of such breach, which notice shall specify the exact nature of the breach and the time by which such breach shall be cured.  Failure

 

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to cure the breach within the time provided shall entitle the aggrieved party the right to immediately terminate this Agreement.  If this Agreement is terminated, the right of the aggrieved party to any damages for such breach shall not be prejudiced.

 

8.                                                              Integration.  This Agreement (including any exhibits) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof.

 

9.                                                              Choice of Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York and as applicable, the laws of the United States of America.  In the event of litigation concerning the matters subject to this Agreement, the prevailing party’s legal fees and court costs shall be paid by the losing party.

 

10.                                                       Compliance with Laws.  BWHI and FHI agree to comply with applicable laws and regulations in performing this Agreement.

 

11.                                                       Assignment.  Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either of the parties hereto (whether by operation of law or otherwise) without the prior written consent of the other party, and any attempt to make such assignment without consent shall be null and void.  Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and the respective successors and assigns.

 

12.                                                       Corporate Authority.  Each of the parties has obtained all necessary corporate approvals for the execution and delivery of this Agreement.

 

13.                                                       Severability.  Any provision of this Agreement that is held by a court of competent jurisdiction to violate applicable law or regulation shall be limited or nullified only to the extent necessary to bring this Agreement within the requirements of such law or regulation.

 

14.                                                       Counterparts.  This Agreement may be executed in two or more counterparts, all of which shall be considered one and the same agreement and shall become effective when two or more counterparts have been signed by each of the parties and delivered to the other party, it being understood that both parties need not sign the same counterpart.

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties have executed and delivered this Agreement as of the date first above written.

 

	
 
    	
First   Hawaiian, Inc.
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/   Robert S. Harrison
    
	
 
    	
 
    	
Name:
    	
Robert   S. Harrison
    
	
 
    	
 
    	
Title:
    	
Chief   Executive Officer
    

 

	
 
    	
BancWest   Holding Inc.
    
	
 
    	
 
    	
 
    
	
 
    	
By
    	
/s/   Thibault Fulconis
    
	
 
    	
 
    	
Name:
    	
Thibault   Fulconis
    
	
 
    	
 
    	
Title:
    	
Vice   Chairman, Chief Financial Officer & Treasurer
    

 

[Signature Page to Expense Reimbursement Agreement]

 

 

Exhibit A

 

AMENDED AND RESTATED

MANAGEMENT SERVICES AGREEMENT

(“Agreement”)

 

This AMENDED AND RESTATED MANAGEMENT SERVICES AGREEMENT (the “Agreement”), dated as of November 28, 2012, is entered into by and between First Hawaiian Bank, a bank chartered under the laws of the State of Hawaii (“BANK”), with its mailing address at 999 Bishop Street, Honolulu, HI 96813, and BancWest Corporation, a bank holding company organized under the laws of the State of Delaware (“BWE”), with its mailing address at 180 Montgomery Street, 25th Floor, San Francisco, CA 94104.

 

WHEREAS, BANK and BWE desire to amend and replace in its entirety the Management Services Agreement effective June 1, 1999, as it may have been amended from time to time, with this Agreement;

 

WHEREAS, BANK is a wholly-owned subsidiary of BWE;

 

WHEREAS, BANK and BWE desire to memorialize in writing the provision and use of services offered by BANK for BWE upon the terms and conditions and for the compensation contained in this Agreement;

 

NOW THEREFORE, in consideration of the representations and warranties contained in this Agreement, and other good and valuable consideration, the receipt, adequacy and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

 

1.                                      Services. BANK shall provide BWE with the services specified in Exhibit A attached hereto and incorporated herein by reference.

 

All services provided pursuant to this Agreement shall be consistent with service standards, if any, specified in Exhibit A or as set out in any other writing signed by both parties to this Agreement. In the absence of a specific service standard, BANK shall utilize the same standard of care in providing services to BWE that it utilizes in connection with its own similar activities, and shall have no liability to BWE for any damages it may suffer as long as BANK has acted in accordance with the applicable standard of care. The parties agree that services may be added or deleted under this Agreement at any time by a writing signed by both parties to this Agreement.

 

2.                                      Compensation. In consideration of the services provided by BANK pursuant to this Agreement, the parties agree to compensation upon the terms and conditions as follows:

 

 

BANK shall charge BWE the actual costs incurred by BANK in providing the services specified under this Agreement which costs shall be based on an allocation of the salaries including benefits, occupancy, fixed assets, office expenses and insurance expenses of BANK employees providing the services (the “BANK Employee Expenses”). Additionally, should BANK enter into third-party vendor contracts to provide services to BWE, BWE will be charged for its pro rata share of such vendor contracts. BANK shall charge BWE monthly in arrears for these costs and BWE shall pay BANK no later than 20 business days after receiving a bill.

 

BANK has previously provided BWE with a statement of the amounts it intends to charge BWE each month for the BANK Employee Expense and BWE has agreed to these charges. Semiannually, BANK may adjust the amounts charged for BANK Employee Expense to reflect any increase or decrease in its actual costs or the services provided to BWE and will provide BWE with not less than 20 business days prior written notice of the new amounts to be charged for BANK Employee Expenses; provided however, that BANK may revise the amounts charged at more frequent intervals if necessary to recoup its actual costs for additional services.

 

BANK shall maintain sufficient records, in reasonable detail, of the services provided hereunder, including the calculation of BANK’S actual costs incurred, and, upon request, shall provide copies of such records to BWE.

 

3.                                      Independent Contractor. BANK is and shall be considered for all purposes to be an independent contractor of BWE. BANK shall select its own employees, agents, and representatives to provide services to BWE pursuant to this Agreement who shall be under the exclusive supervision and control of BANK and who shall not be, or deemed for any purpose to be, employees or agents of BWE.

 

4.                                      Mutual Indemnification. BWE agrees to indemnify and hold BANK harmless from and against all loss or damage, including reasonable attorneys’ fees, costs and expenses incurred by BANK as a result of any claims related to or arising out of BANK’S performance of its duties hereunder, unless such loss or damage shall arise from BANK’S failure to perform its duties under this Agreement with reasonable care. BANK agrees to indemnify and hold BWE harmless from and against all loss or damage, including reasonable attorneys’ fees, costs and expenses incurred by BWE as a result of any claims related to or arising out of BANK’S failure to perform its duties under this Agreement with reasonable care, unless such loss or damage shall arise from the negligent or intentional acts or omissions of BWE. In the foregoing sentence, the words “loss or damage” include, but are not limited to, loss or damage arising directly or indirectly from any actions or omissions of any employee or authorized representative of either party.

 

5.                                      Confidentiality. All information disclosed by either party to the other under

 

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the terms of this Agreement, except such information as may be generally available to the public or the banking industry, is and will be kept confidential unless its disclosure is required by law or is required by the regulatory supervisor(s) of either party.

 

6.                                      Term of Agreement.

 

(a)                                 Either party may terminate this Agreement at any time upon one (1) month’s prior written notice to the other party.

 

(b)                                 If at any time during the term of this Agreement the practices hereunder are declared unlawful by federal or state authorities or by a judicial body, either party may terminate this Agreement immediately.

 

(c)                                  Notwithstanding the foregoing, this Agreement shall terminate immediately if at any time a majority of the voting securities of BANK shall not be owned, directly or indirectly, including ownership through one or more subsidiaries, by BWE.

 

7.                                      Notices. All notices relating to this Agreement shall be in writing and shall be considered to have been given by either party to the other party upon personal delivery to a party’s designated representative or upon the mailing thereof to the other party by registered or certified mail at its address set forth on the signature page of this Agreement, or to such other address as the other party may specify in writing.

 

8.                                      Breach. Upon the breach of any obligation under this Agreement by either party, the aggrieved party shall give to the defaulting party notice of such breach, which notice shall specify the exact nature of the breach and the time by which such breach shall be cured. Failure to cure the breach within the time provided shall entitle the aggrieved party the right to immediately terminate this Agreement. If this Agreement is terminated, the right of the aggrieved party to any damages for such breach shall not be prejudiced.

 

9.                                      Integration. This Agreement (including any exhibits) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof.

 

10.                               Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Hawaii and as applicable, the laws of the United States of America. In the event of litigation concerning the matters subject to this Agreement, the prevailing party’s legal fees and court costs shall be paid by the losing party. Both parties consent to the jurisdiction of any state or federal court sitting in Honolulu, Hawaii, and agree that Honolulu shall not be an inconvenient venue for any such action.

 

11.                               Compliance with Laws. BWE and BANK agree to comply with applicable laws and regulations in performing this Agreement.

 

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12.                               Assignments. Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by either of the parties hereto ( whether by operation of law or otherwise) without the prior written consent of the other party, and any attempt to make any such assignment without such consent shall be null and void. Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties and their respective successors and assigns.

 

13.                               Corporate Authority. Each of the parties has obtained all necessary corporate approvals for the execution and delivery of this Agreement.

 

14.                               Severability. Any provision of this Agreement that is held by a court of competent jurisdiction to violate applicable law or regulation shall be limited or nullified only to the extent necessary to bring this Agreement within the requirements of such law or regulation.

 

15.                               Counterparts. This Agreement may be executed in two or more counterparts, all of which shall be considered one and same agreement and shall become effective when two or more counterparts have been signed by each of the parties and delivered to the other party, it being understood that both parties need not sign the same counterpart.

 

	
FIRST HAWAIIAN BANK
    	
 
    	
 
    	
BANCWEST CORPORATION
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Al Yamada
    	
 
    	
 
    	
By:
    	
 
    
	
Name:
    	
Al Yamada
    	
 
    	
 
    	
Name:
    	
 
    
	
Its:
    	
Vice Chairman,
    	
 
    	
 
    	
Its:
    	
 
    
	
 
    	
Chief Financial Officer &
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
Chief Administrative Officer
    	
 
    	
 
    	
 
    

 

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EXHIBIT A

 

BANCWEST CORPORATION

LIST OF SERVICES PROVIDED BY

FIRST HAWAIIAN BANK

(Effective October 1, 2012)

 

MAJOR SERVICES

 

1.                                      Accounting, tax, financial and regulatory reporting including consolidations, interactions with external auditors and reporting of financial matters as requested by BNP Paribas

 

2.                                      Financial, capital and budgetary planning and analysis

 

3.                                      Asset and liability management, including but not limited to, treasury services, debt and equity management

 

4.                                      Strategic Planning, including mergers and acquisitions

 

5.                                      Interaction with and responding to requests from BNP Paribas

 

6.                                      Management services (i.e., reimbursement for the time spent by BANK employees who serve as officers of BWE and manage and represent BWE)

 

7.                                      Administrative services including but not limited to, internal audit, insurance, accounting, tax, disbursements, human resources, and benefit plan (qualified and non-qualified) administration

 

8.                                      Legal and regulatory advice and litigation matters

 

9.                                      Regulatory relations and examinations

 

10.                               Corporate governance, including shareholder relations and Board and Board committee meetings

 

11.                               Risk management and mitigation activities, including, but not limited to, for operational and credit risk, and stress testing

 

12.                               Corporate compliance matters

 

1Converted by EDGARwiz

Exhibit 10.10

MANAGEMENT CONSULTANT AGREEMENT

THIS  CONSULTANT  AGREEMENT  (this "Agreement") is made and entered into as of July 1, 2014 by

and  between Mobetize  Corp.  ("MOBETIZE  or  the  “Company”"),  a  Nevada  Company  with  offices  at

8105 Birch Bay Square, Suite 205, Blaine WA 98230 and Ajay Hans at 1018 Cornwall St. New Westminster

BC, V3M 1S2 Canada (the "Consultant").

W I T N E S S E T H:

WHEREAS, MOBETIZE is engaged in the business of providing various types of mobile payments

and mobile value added services; and

WHEREAS,  the  Consultant,  by  education  and  experience,  possesses  qualifications  to  serve  as  a

Consultant of MOBETIZE; and

WHEREAS,   MOBETIZE   and   Consultant   wish  to  confirm  the  terms   and   conditions   of   such

consultant relationship as hereinafter set forth; and

Relationship: The parties agree that the relationship of Consultant to Mobetize created by this

Agreement is that of an independent contracting firm and nothing in this Agreement constitutes or creates

an employer/employee relationship between Consultant and Mobetize. Consultant has no authority to

make statements, representations or commitments of any kind, or to take actions binding upon the

Mobetize except as provided in this Agreement or as authorized in writing by the Mobetize.

The parties acknowledge and agree that Mobetize has entered into this Agreement in reliance on the

express representation and warranty of Consultant that Consultant is not an employee of Mobetize. In

the event the relationship between the Mobetize and the Consultant is found to be an employment

relationship for any reason whatsoever, such will constitute cause for the immediate termination of this

Agreement by the Mobetize.

1.

Position and Job Description of Consultant

Consultant’s  position  with MOBETIZE  is  as  “Chief Executive  Officer”.  Consultant  will report  to

Malek  Ladki,  Chairman  and  Mobetize  Board of Directors.   Please note that  the  functions  listed below  are

not  all  inclusive  and  may  at  the  sole  discretion  of  MOBETIZE  be  changed  to  fit  the  business  needs  of

MOBETIZE.  At present, the details are as follows:

Scope of the contract is outlined in Schedule A – scope of Work Doc.

2.

Term

MOBETIZE  hereby  agrees  to  employ  Consultant  and  Consultant  hereby  accepts  employment

pursuant   to   the   terms   and   provisions   of   this   Agreement,   effective   July   1st,   2014.   Consultant   also

understands  and  agrees  that  the  terms  of  this  Agreement  in  Sections:  4,  "Confidentiality,  Assignment  of

Work   and   Non-Solicitation"   (Schedule   B,   attached   hereto)   shall   survive   termination   of   the   other

provisions of this Agreement. The Agreement may be terminated in accordance with Article 5, as set forth

below.

Page 1 of 7

Exhibit 10.10

3.

Compensation

Consultant’s  remuneration  will  be  US$10,000  per  month.  Consultant  will  deliver  a  bill  monthly

to  MOBETIZE.  In  addition,  the  Consultant  will  be  allocated  shares  of  Mobetize  common  stock  from  the

Employee  Stock  Ownership  Program  (ESOP).  The  details  of  the  Consultant’s  entitlement  to  ESOP  plan

will  be  determined at a  later  date.  In  addition,  the Consultant  will  be  included  in any Bonus  Program  that

the Company creates starting in 2015. Terms of the Bonus Program are to be agreed separately.

4.

Confidentiality, Assignment of Works and Non-Solicitation

The   terms   of   the   Confidentiality   /   Assignment   of   Works   and   Non-Solicitation   Agreement

(attached   as   Schedule   “B”)   shall   form   part   of   this   Agreement,   and   any   breach   of   the   attached

Confidentiality  /  Assignment  of  Works  and  Non-Solicitation  Agreement  shall  be  deemed  a  breach  of  this

Agreement.

5.

Termination of Consultancy

It is agreed that any termination of Consultant’s employment shall occur on the following basis:

(a)

Without notice by MOBETIZE if just cause for termination exists.

(b)

Consultant   may   resign   on   giving   MOBETIZE   six   (6)   weeks   written   notice   of   the

effective date of Consultant’s resignation.

(c)

Upon  termination  of  this  Agreement,  monthly  payments  will  continue  for  a  3  month

period  and  increase  by  1  month  for  each  year  of  service  starting  from  June  2014  up  to  a

maximum of 6 months.

6.

No Conflict with Prior Obligations

Consultant  hereby  represents  and  warrants  to  MOBETIZE  that  Consultant  is  not  a  party  to  any

agreement,  or  otherwise  bound  by  any  duty  to  another  party  that  may,  in  any  way,  restrict  Consultant’s

right  or  ability  to  enter  into  this  Agreement  or  perform  the  service  contemplated  under  this  Agreement.

Consultant  further  represents  and  warrants  that  in  performance  of  the  services  contemplated  under  this

Agreement  Consultant  will  not  disclose  or  use  any  confidential  information  belonging  to  any  prior

employer or other persons or entities.

7.

Computer Access and E-Mail

Consultant  agrees  to  comply  with  all  reasonable  rules  and  restrictions  that  MOBETIZE  may

impose on the use of computers, e-mail accounts and Internet access.  In particular:

(a)  Information stored or transmitted on MOBETIZE’s computers including E-mail is, and remains at

all times, the property of MOBETIZE. MOBETIZE reserves the right to access any such information.

As a result, Consultant has no expectation of privacy with respect to this information.

(b)    It  is  Consultant’s  responsibility  to  keep  Consultant’s  password(s)  secret.  Consultant  may  not

share Consultant’s passwords(s)  with anyone, and Consultant  is responsible for all activity performed

with Consultant’s personal user ID or password.

Page 2 of 7

Exhibit 10.10

8.

General

(a)   The  Company  agrees  to  defend  and  indemnify  the  Consultant  for  any  claim  or  cause  of  action

(including  any  legal  costs  incurred  to  defend  such  claims)  asserted  against  the  Consultant  in  any

forum  based  on  actions  taken  by  the  Consultant  in  the  course  and  scope  of  his  performance  of  his

consulting duties under this Agreement

(b)   This  Agreement  shall  inure  to  the  benefit  of  and  shall  be  binding  upon  each  of  the  parties  hereto

and  their  respective  successors,  assigns  and  personal  representatives,  except  that  the  Consultant's

rights  and  interests  under  this  Agreement  may  not  be  assigned,  pledged  or  encumbered  by  him

without     MOBETIZE's   prior   written   consent.     This  Agreement,  and   the   rights   of   MOBETIZE

hereunder,  may  be  assigned  by  MOBETIZE  without  any  requirement  of  consent  by  the  Consultant;

provided,  however,  that  the  performance  of  the  obligations  and  covenants  of  MOBETIZE  hereunder

shall be binding upon such assignee or successor of MOBETIZE.

(c)   This  Agreement  constitutes  the  entire  agreement  between  the  parties  with  respect  to  the  subject

matter hereof, and supersedes all other agreements between them.

(d)   No  modification,  amendment  or  waiver  of  any  provision  of  this  Agreement  shall  be  effective

unless approved in writing by the parties hereto.

(e)   If  any  provision  of  this  Agreement  shall  be  held  to  be  unenforceable,  such  provision  shall  be

ineffective  only  to  the  extent  of  such  prohibition  or  invalidity  without  invalidating  the  remainder  of

such provision or the remaining provisions of this Agreement.

(f)   This  Agreement  shall  be  governed  by  and  construed  in  accordance  with  the  laws  of  the  state  of

Washington, USA.

(g)     All   payments   made   to   Consultant   under   this   Agreement   shall   be   subject   to   applicable

withholdings,  and/or  deductions  required  by  any  Federal,  local  law,  statute,  regulation,  or  other

authority.

9.

Notices

Any notices required by this agreement shall be given by hand, by facsimile, by overnight mail by

a recognized overnight courier, or sent by first class mail to the applicable address as follows:

If to the Company, to it at:

Mobetize, Corp.

51 Bay View Drive

Point Roberts, WA 98281

USA

Attention: Stephen Fowler - CFO

sfowler@mobetize.com

If to Consultant, to him at:

Ajay Hans

1018 Cornwall St.

New Westminster BC

V3M 1S2 Canada

Email:

Page 3 of 7

Exhibit 10.10

Either  party  may  from  time  to  time  specify  as  its  address  for  purposes  of  this  Agreement  any  other

address  upon  giving  ten  (10)  days  written  notice  thereof  to  the  other  party.   Notice  shall  be  deemed  given;

when   given   if   given   by  hand;   when   sent   by  facsimile   if  the   sender   has   a   contemporaneous   written

confirmation  from  the  machine  from  which  it  was  sent,  accept  that  if  sent  during  non-business  hours  of  the

recipient, then notice shall be deemed given at the commencement of the regular business hours of recipient;

if  delivered  by  first  class  mail,  five  (5)  days  after  deposit  in  a  Postal  Service  mailbox;  if  by  recognized

overnight courier, when delivered.

IN  WITNESS  WHEREOF,  this  Agreement  has  been  duly executed  by or  on  behalf  of  the  parties

hereto as of the day and year first above written.

MOBETIZE CORP.

BY: /s/ Malek Ladki

Malek Ladki, Chairman

BY: /s/ Stephen Fowler

Stephen Fowler, CFO

Consultant – Ajay Hans

BY: /s/ Ajay Hans

Ajay Hans

Page 4 of 7

Exhibit 10.10

Schedule "A" – Scope of Work

The Services to be provided shall include:

     To lead, in conjunction with the Board, the development of the Company’s strategy;

     To lead and oversee the implementation of the Company’s long and short term plans in accordance with

its strategy;

     To  ensure  the  Company  is  appropriately  organized  and  staffed  and  to  have  the  authority  to  hire  and

terminate staff as necessary to enable it to achieve the approved strategy;

     To ensure that expenditures of the Company are within the authorized annual budget of the Company;

     To  assess  the  principal  risks  of  the  Company  and  to  ensure  that  these  risks  are  being  monitored  and

managed;

     To ensure effective internal controls and management information systems are in place;

     To  ensure  that  the  Company has  appropriate  systems  to  enable  it  to  conduct  its  activities  both  lawfully

and ethically;

     To  ensure that  the Company maintains high  standards of  corporate  citizenship and social  responsibility

wherever it does business;

     To act as a liaison between management and the Board;

     To  keep  abreast  of  all  material  undertakings  and  activities  of  the  Company  and  all  material  external

factors  affecting  the  Company  and  to  ensure  that  processes  and  systems  are  in  place  to  ensure  that  the

CEO and management of the Company are adequately informed;

     To  ensure  that  the  Directors  are  properly  informed  and  that  sufficient  information  is  provided  to  the

Board to enable the Directors to form appropriate judgements;

Page 5 of 7

Exhibit 10.10

Schedule "B"

Consultant Confidentiality / Assignment of Works

& Non-Solicitation Agreement

1.

Confidentiality

Consultant  agrees that  during  the course of his or her consultancy with MOBETIZE  and  afterward, to

keep   confidential   and  refrain   from  using,   directly  or   indirectly,   all   information  known   or   used  by

MOBETIZE in its activities, including, but not limited to:

(a)   all of MOBETIZE’s confidential and proprietary information, including, plans, designs, concepts,

techniques,    processes,    cost    data,    computer    code,    algorithms,    software    programs,    formulas,

development or experimental work, work in process, or other know-how or trade secrets;

(b)   any  financial  information,  including  MOBETIZE  budgets,  costs,  sales,  income,  profits,  salaries

and wages;

(c)   information  concerning  business  opportunities,  clients  and  customers  of  MOBETIZE  including

all collaborations, ventures or joint ventures considered by MOBETIZE, whether or not pursued;

(d)   any  and  all  know-how,  and  any  and  all  oral,  written,  electronic  or  other  communications  and

other information disclosed or provided by MOBETIZE including any and all analyses or conclusions

drawn or derived therefrom;

(e)  customer and client lists and contact information

(f)   information  regarding  MOBETIZE’s  specialized  communications  solutions  and  systems  used  by

MOBETIZE for the rendering of services to its customers and clients; and

Further,   Consultant    acknowledges    that   MOBETIZE    receives   confidential    or   proprietary

information   from   third   parties   for   certain   limited   purposes   in   the   ordinary   course   of   its   business.

Consultant  agrees  to  hold such  information in the  strictest  confidence  and  not  to use  such information  for

the  benefit  of  anyone  other  than  MOBETIZE  or  such  third  party,  without  the  express  authorization  in

writing from MOBETIZE.

Confidential information shall not include information that:

(a)  is publicly available (other than as a result of a breach of this Agreement);

(b)  is known by  Consultant prior to  his employment with MOBETIZE.

Page 6 of 7

Exhibit 10.10

2.

Non-Solicitation of Customers, Clients and Employees

While   Consultant   is   employed   by   MOBETIZE   and   for   the   period   of   twelve   (12)   months

immediately following the termination of Consultant’s employment  with MOBETIZE, Consultant or their

Employee will not, directly or indirectly, solicit:

(a)   any customer or  client of  MOBETIZE  for  the purpose of selling or supplying  to such clients, any

products  or  services  which  are  competitive  with  the  products  or  services  developed,  sold,  marketed,

licensed   or   supplied   by   MOBETIZE   at   the   time   of   the   termination   of   my   employment   with

MOBETIZE;

3.

Return of MOBETIZE Property

Consultant  agrees  to  return  to  MOBETIZE,  immediately  upon  termination  of  my  employment,

regardless  of  how  that  termination  should  occur,  all  designs,  devices,  documents,  specifications,  business

documents,  computer  software,  lists,  records  files  data,  and  all  other  material  containing  or  disclosing

Confidential  Information  including  copies  of  these  items,  however  made  or  obtained,  and  will  delete  any

electronic copies or files of any such information.

5.

Enforceability

Consultant  acknowledges  that  all  restrictions  contained  in  this  Agreement  are  reasonable  and

valid  and  all  defenses  to  the  strict  enforcement  of  all  or  any  portion  thereof  by  MOBETIZE  are  hereby

waived  by Consultant  or Employee.   If any clause or portion of any such clause shall  be  unenforceable or

declared  invalid  for  any  reason  whatsoever,  such  unenforceability  or  invalidity  shall  not  affect  the

enforceability  or  validity  of  the  remaining  portions  of  the  Agreement  and  such  unenforceable  or  invalid

portion shall be severed from the remainder of this Agreement.

Consultant   further   agrees   that   Consultants’   covenants   and   representations   contained   in   this

Agreement  shall  survive  and  continue  to  bind  Consultants  and  their  Employee  following  the  termination

of   any   contract   for   Consultant’s   employment   with   MOBETIZE   regardless   of   the   reason   for   such

termination.

ACCEPTED   AND   AGREED   TO   THIS   1   ST   DAY   OF   JULY,   2014.     I   HAVE   READ   AND

UNDERSTAND  THE  TERMS  AND  CONDITIONS  THAT  ARE  SET  OUT  IN  THIS  SCHEDULE

D TO THE EMPLOYMENT AGREEMENT.

/s/ Ajay Hans

Ajay Hans

Page 7 of 7

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