Document:

Ireland Inc.: Exhibit 10.22 - Filed by newsfilecorp.com

DIRECTOR NON-QUALIFIED STOCK OPTION AGREEMENT

OF
IRELAND INC.
A Nevada Corporation

THIS AGREEMENT is made between IRELAND INC., a
Nevada corporation (hereinafter referred to as the "Company"), and STEVEN A.
KLEIN of ________________________________ (hereinafter referred to as the
“Optionee”), a director of the Company, effective as of the 16th day of April,
2013 (the “Grant Date”).

1. Options Granted. The Company hereby grants the
Optionee non-qualified stock options to purchase an aggregate of Two Hundred
Twenty Five Thousand (225,000) shares of the Company’s Common Stock
exercisable at a price of $0.41 per share (the “Exercise Price”) for a term
commencing on the vesting dates set out below (the “Vesting Date”) and expiring
at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective
Vesting Date (the “Expiration Date”), subject to termination as set forth
herein:

	Number of Options to Vest 	Vesting Date 	Expiration Date 
	75,000 	June 30, 2013 	June 30, 2018 
	75,000 	September 30, 2013 	September 30, 2018 
	75,000 	December 31, 2013 	December 31, 2018 
	225,000
    	Total 	 
    

No option may be exercised unless the option has vested. The
vesting of all options will be cumulative. All options which have not vested
will terminate on the date of termination of the options in accordance with this
Agreement.

2. Method of Exercise. The options may be exercised to
the extent they have vested and become exercisable and not yet been forfeited or
terminated by written notice delivered to the Company at its principal place of
business, stating the number of shares for which the option is being exercised.
The notice must be accompanied by a check or other methods of payment acceptable
to the Plan Administrator for the amount of the purchase price, and comply with
all the requirements of the Company’s 2007 Stock Incentive Plan dated March 27,
2007, a copy of which has been provided to the Optionee.

3. Capital Adjustments. The existence of the options
shall not affect in any way the right or power of the Company or its
stockholders to: (1) make or authorize any or all adjustments,
recapitalizations, reorganizations, or other changes in the Company's capital
structure or its business; (2) enter into any merger or consolidation; (3) issue
any bonds, debentures, preferred or prior preference stocks ahead of or
affecting the common stock or the rights thereof, (4) issue any securities
convertible into any common stock, (5) issue any rights, options, or warrants to
purchase any common stock, (6) dissolve or liquidate the Company, (7) sell or
transfer all or any part of its assets or business, or (8) take any other
corporate act or proceedings, whether of a similar character or otherwise.

4. Adjustments for Reorganizations and Recapitalizations.
If there shall, prior to the exercise of any of the options provided for by
this Agreement, be any stock dividend, stock split, spin-off, combination or
exchange of shares, recapitalization, merger, consolidation, distribution to
stockholders (other than a normal cash dividend) or other change in the
Company’s corporate or capital structure that results in (a) the Company’s
outstanding shares of common stock (or any securities exchanged therefore or
received in their place) being exchanged for a different number or kind of
securities of the Company or any other corporation, or (b) new, different or
additional securities of the Company or of any other corporation being received
by the holders of shares of the Company’s common stock, then there shall
automatically be an adjustment in either the number of shares which may be
purchased pursuant hereto, the type of shares which may be purchased pursuant
hereto or the price at which such shares may be purchased, or any combination
thereof, so that the rights evidenced hereby shall thereafter as reasonably as
possible be equivalent to those originally granted hereby. The Company shall
have the sole and exclusive power to make such adjustments as it considers
necessary and desirable.

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5. Transfer of the Options. During the Optionee's
lifetime, the options shall be exercisable only by the Optionee. The options
shall not be transferable by the Optionee other than by the laws of descent and
distribution upon the Optionee's death. In the event of the Optionee's death
during the term of this Agreement, the Optionee's personal representatives may
exercise any portion of the options that remains vested and unexercised at the
time of the Optionee's death, provided that any such exercise must be made, if
at all, during the period within six (6) months after the Optionee's death, and
subject to the option termination date specified in Section 7.

6. Changes in Control.

	(a) 	
      Notwithstanding any other provision in this Agreement to
      the contrary, all unvested options outstanding under this Agreement shall
      immediately vest and become exercisable upon a Change in
Control.

	 	 	 
	(b) 	
      “Change in Control” means any of the following
    events:

	 	 	 
		(i) 	
      Approval by the stockholders of the Company of a merger
      or consolidation of the Company with any other corporation, other than a
      merger or consolidation that would result in the voting securities of the
      Company outstanding immediately prior to such merger or consolidation
      continuing to represent (either by remaining outstanding or being
      converted into voting securities of the surviving entity) more than fifty
      percent (50%) of the total voting power of the voting securities of the
      Company, the surviving entity or any parent thereof outstanding
      immediately after such merger or consolidation;

	 	 	 
		(ii) 	
      Approval by the stockholders of the Company of (i) a plan
      of complete liquidation or dissolution of the company or (ii) a sale by
      the Company of all of its property and assets pursuant to Section 78.565
      of the Nevada Revised Statutes (the “NRS”); or

	 	 	 
		(iii) 	
      Any person or group of persons (as defined in Section
      13(d) and 14(d) of the Securities Exchange Act of 1934 (the “Exchange
      Act”)) together with its affiliates, but excluding (i) the Company or any
      of its subsidiaries; (ii) any employee benefit plan of the Company or
      (iii) a corporation or other entity owned, directly or indirectly, by the
      stockholders of the Company in substantially the same proportions as their
      ownership of stock of the Company (individually a “Person” and
      collectively, “Persons”) is or becomes, directly or indirectly, the
      beneficial owner (as defined in Rule 13d-3 promulgated under the Exchange
      Act) of 50% or more of the combined voting power of the Company’s then
      outstanding securities.

7. Termination of Option.

	(a) 	
      The Optionee’s right to exercise any options that have
      vested and are exercisable shall terminate on the earliest of the
      following dates:

	 	 	 
		(i) 	
      The Expiration Date;

	 	 	 
		(ii) 	
      Subject to subsections (c) and (d) below, the date which
      is six (6) months from the date on which the Optionee ceases to act as a
      director of the Company or any subsidiary of the Company;

	 	 	 
		(iii) 	
      In the event of the termination of the Optionee as a
      director of the Company or any subsidiary of the Company as a result of a
      breach of the Optionee’s obligations to the Company or any subsidiary of
      the Company, or as a result of any dishonesty, fraud, misconduct, the
      unauthorized use or disclosure of confidential information or trade
      secrets, or conviction or confession of a crime punishable by law (except
      minor violations) (each of which being a termination for “Cause”), the
      earliest date on which the Optionee is notified by the Company of such
      termination; and

	 	 	 
		(iv) 	
      The date which is six (6) months from the date of the
      Optionee’s death or the date the Optionee is determined by the Company to
      be unable to perform his or her duties as a
director of the Company or any subsidiary of
the Company as a result of any mental or physical disability that is expected to
result in death or that is expected to last for a continuous period of twelve
(12) months or more (the “Disability Determination Date”). 

- 3 -

	(b) 	
      The Optionee’s right to exercise any options that have
      not vested and are not exercisable shall terminate on the earliest of the
      following dates:

	 	 	 
		(i) 	
      The date the Optionee ceases to act as a director of the
      Company or any subsidiary of the Company;

	 	 	 
		(ii) 	
      In the case of the termination of the Optionee as a
      director of the Company or any subsidiary of the Company for Cause, on the
      earliest date on which the Optionee is notified by the Company of such
      termination; and

	 	 	 
		(iii) 	
      The date of the Optionee’s death or the Disability
      Determination Date, as applicable.

	 	 	 
	(c) 	
      For purposes of this Section 7, the Optionee will be
      deemed not to have ceased to act as a director of the Company or any
      subsidiary of the Company (the “Original Position”) if the Optionee
      continues to act as an employee, officer, director or consultant of the
      Company or a subsidiary of the Company in some other capacity immediately
      upon ceasing to act in the Original Position.

	 	 	 
	(d) 	
      Also notwithstanding the forgoing, if the Optionee dies
      after he or she ceases to be a director of the Company or any subsidiary
      of the Company for reasons other than a termination for Cause or for
      disability in accordance with the above, the Optionee’s right to exercise
      any options that have vested and are exercisable on the date the Optionee
      ceases to be a director of the Company or any subsidiary of the Company
      shall terminate on the earliest of the Expiration Date and the date which
      is six (6) months after the date of death.

	8. 	
      Rights as Shareholder. The Optionee will not be
      deemed to be a holder of any shares pursuant to the exercise of these
      options until he or she pays the option price and a stock certificate is
      delivered to him or her for those shares. No adjustment shall be made for
      dividends or other rights for which the record date is prior to the date
      the stock certificate is delivered.

	 	 	 
	9. 	
      Integration with the Company’s 2007 Stock Incentive
      Plan. All of the terms and conditions of the Company’s 2007 Stock
      Incentive Plan, a copy of which has been provided to the Optionee, are
      specifically made a part of this Agreement and shall control with regard
      to the interpretation or construction of any provision that is
      inconsistent herewith. This Agreement will be governed by and construed in
      accordance with the laws of the State of Nevada.

	 	 	 
	10. 	
      Withholding Taxes. The Optionee authorizes the
      Company to withhold from any payments due to the Optionee by the Company,
      whether pursuant to this Agreement or otherwise, any amounts required to
      be withheld and remitted by the Company on account of any income and
      employment taxes resulting from this Agreement.

	 	 	 
	11. 	
      Miscellaneous.

	 	 	 
		(a) 	
      Any notice required or permitted to be given under this
      Agreement shall be in writing and may be delivered personally or by fax,
      or by prepaid registered post addressed to the parties at such address of
      which notice may be given by either of such parties. Any notice shall be
      deemed to have been received, if personally delivered or by fax, on the
      date of delivery, and, if mailed as aforesaid, then on the fifth business
      day after and excluding the day of mailing.

	 	 	 
		(b) 	
      This Agreement and the rights and obligations and
      relations of the parties shall be governed by and construed in accordance
      with the laws of the State of Nevada and the federal laws of the United
      States applicable therein (but without giving effect to any conflict of
      laws rules). The parties agree that the courts of the State of Nevada
      shall have jurisdiction to entertain any action or other legal proceedings
      based on any provisions of this agreement. Each party attorns to the
      jurisdiction of the courts of the State of
Nevada.

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	 	(c) 	
      Time shall be of the essence of this agreement and of
      every part of it and no extension or variation of this agreement shall
      operate as a waiver of this provision.

	 	 	 
	 	(d) 	
      This Agreement may be executed in one or more
      counterparts, each of which so executed shall constitute an original and
      all of which together shall constitute one and the same
  agreement.

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the 16th day of April, 2013.

	IRELAND INC. 	 
	by its authorized signatory: 	 
	  	 
	  	 
	/s/ Douglas
      D.G. Birnie 	 
	DOUGLAS D.G. BIRNIE, 	 
	CEO, PRESIDENT & SECRETARY 	 
	  	 
	  	 
	OPTIONEE: 	 
	  	 
	  	 
	/s/ Steven A.
      Klein 	 
	SIGNATURE OF DIRECTOR 	 
	  	 
	STEVEN A.
      KLEIN 	 
	NAME OF DIRECTOR 	 
	  	 
	  	 
	  	 
	ADDRESS 	 
	  	 
	225,000 	 
	NUMBER OF OPTIONSExhibit 10.01

Exhibit 10.01

eBAY INC. 
2008 EQUITY INCENTIVE AWARD PLAN 
NEW DIRECTOR INITIAL AWARD AGREEMENT
This award agreement (this “Award Agreement”) sets forth the terms and conditions of an award (this “Award”) of deferred stock units (“DSUs”) granted to you under the eBay Inc. 2008 Equity Incentive Award Plan, as amended from time to time (the “Plan”).
1.    The Plan.  This Award is made pursuant to the Plan, the terms of which are incorporated in this Award Agreement.  Capitalized terms used in this Award Agreement that are not defined in this Award Agreement have the meanings as used or defined in the Plan.
2.    Award.  The number of DSUs subject to this Award is set forth at the end of this Award Agreement.  Each DSU constitutes an unfunded and unsecured promise of eBay Inc. (the “Company”) to deliver (or cause to be delivered) to you, subject to the terms of this Award Agreement, one share of Stock (the “Share” or the “Shares” as the context requires) [(or, in the sole discretion of the Committee, cash, securities or other property equal to the Fair Market Value thereof)] as soon as practicable but in no case more than 10 days following the Delivery Date as provided herein.  You shall also be entitled to receive an amount in cash equal to the sum of any regular cash dividends declared on the Shares for which the record date occurred after the date of grant and prior to the issuance or delivery of the Shares upon or after the Delivery Date (the “dividend equivalent rights”).  Except as otherwise provided herein, until the Shares are issued or transferred to you, you have only the rights of a general unsecured creditor, and no rights as a stockholder, of the Company.  THIS AWARD IS SUBJECT TO ALL TERMS, CONDITIONS AND PROVISIONS OF THE PLAN AND THIS AWARD AGREEMENT, INCLUDING, WITHOUT LIMITATION, THE ARBITRATION AND CHOICE OF FORUM PROVISIONS SET FORTH IN PARAGRAPH 16.  
3.    Vesting.  Except as provided in this Paragraph 3 and in Paragraph 6, you shall become vested in 25% of the DSUs on the first anniversary of the Date of Grant specified at the end of this Award Agreement and in 1/48th of the DSUs on each monthly anniversary thereafter.  Except as provided in Paragraph 6, if your service on the Board terminates for any reason prior to full vesting, including due to failure to be nominated or re-elected as a member of the Board, your rights in respect of all of your unvested DSUs shall terminate, and no Shares [(or cash)] shall be delivered in respect of such unvested DSUs.
4.    DSU Account.  A bookkeeping account will be established for you which shall be credited with all DSUs and any dividend equivalent rights that have been granted to you.

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5.    Delivery of Shares/DSU Payments.
(a)    Except as provided in this Paragraph 5 and in Paragraphs 6, 8, 9 and 10, the Shares underlying the vested DSUs and any dividend equivalent rights corresponding to those vested DSUs shall be delivered as soon as practicable but in no case more than 10 days following the Delivery Date specified at the end of this Award Agreement.  [The Company may, at its option, deliver cash, securities or other property in lieu of all or any portion of the Shares otherwise deliverable.  Such payment shall be equal in value to the product of the number of Shares to be delivered on the Delivery Date and the Fair Market Value of one Share of Stock on the Delivery Date.]  Notwithstanding the foregoing, if the Delivery Date occurs at a time when you are considered by the Company to be  one of the Company’s “specified employees” within the meaning of Section 409A(a)(2)(B) of the Code and applicable Treasury regulations and guidance issued from time to time thereunder (including, without limitation, any regulations and guidance setting forth the time period with respect to which the determination whether you are a “specified employee” must be made), then the delivery of the Shares [(or cash)] automatically shall be deferred until six months after you have separated from service, within the meaning of Section 409A of the Code, or, if earlier, the date of your death.  Such deferral shall not affect the number of Shares [or the amount of cash] to be delivered.
(b)    Notwithstanding the foregoing, all DSUs and any dividend equivalent rights shall vest and shall become payable immediately upon a Change in Control, as defined in the Plan; provided, however, that in no event will a “Change of Control” be deemed to have occurred for purposes of this Award Agreement if such event would not constitute a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company for purposes of Section 409A of the Code and applicable Treasury regulations and guidance issued from time to time thereunder.
6.    Disability and Death.
(a)    Notwithstanding any other provision of this Award Agreement, if your service with the Company is terminated by reason of disability (as defined in Section 409A(a)(2)(C) of the Code and as determined by the Committee), the condition set forth in Paragraph 3 shall be waived with respect to your then outstanding unvested DSUs (as a result of which any such then unvested outstanding DSUs shall vest).  Shares [(or, in the sole discretion of the Committee, cash, securities or other property in lieu of all or any part thereof)] corresponding to your outstanding DSUs and any dividend equivalent rights shall be delivered to you as soon as practicable after the date of your separation from service.
(b)    In the event of your death, the condition set forth in Paragraph 3 shall be waived with respect to your then outstanding unvested DSUs (as a result of which any such then unvested outstanding DSUs shall vest).  Shares [(or, in the sole discretion of the Committee, cash, securities or other property in lieu of all or any part thereof)] corresponding to your outstanding DSUs and any dividend equivalent rights shall be delivered to the representative of 

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your estate as soon as practicable after the date of death and after such documentation as may be requested by the Committee is provided to the Committee.
7.    Non-transferability.  Except as otherwise may be provided by the Committee, the limitations set forth in Section 10.4 of the Plan shall apply.  Any assignment in violation of the provisions of this Paragraph 7 shall be null and void.
8.    Withholding, Consents and Legends.
(a)    The delivery of Shares is conditioned on your satisfaction of any applicable withholding taxes, to the extent applicable (in accordance with Section 16.3 of the Plan).
(b)    Your rights in respect of your DSUs are conditioned on the receipt to the full satisfaction of the Committee of any required consents that the Committee may determine to be necessary or advisable.
(c)    The Company may affix to certificates representing Shares issued pursuant to this Award Agreement any legend that the Committee determines to be necessary or advisable (including to reflect any restrictions to which you may be subject under a separate agreement with the Company).  The Company may advise the transfer agent to place a stop transfer order against any legended Shares.
9.    Right of Offset.  The Company shall have the right to offset against the obligation to deliver Shares under this Award Agreement any outstanding amounts (including, without limitation, travel and entertainment or advance account balances, loans, or amounts repayable to the Company pursuant to other director programs) you then owe to the Company and any amounts the Committee otherwise deems appropriate.
10.    Award Subject to Clawback.  The Award [and any cash payment], Shares, other securities, other awards or other property delivered pursuant to the Award are subject to forfeiture, recovery by the Company or other action pursuant to any clawback or recoupment policy which the Company may adopt from time to time, including without limitation any such policy which the Company may be required to adopt under the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing rules and regulations thereunder, or as otherwise required by law.
11.    No Rights to Continued Service.  Nothing in this Award Agreement or the Plan shall be construed as giving you any right to continued service with the Company or affect any right that the Company may have to terminate your service with the Company or alter the terms and conditions of your service.

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12.    Successors and Assigns of the Company.  The terms and conditions of this Award Agreement shall be binding upon, and shall inure to the benefit of, the Company and its successors and assigns.
13.    Committee Discretion.  The Committee shall have full discretion with respect to any actions to be taken or determinations to be made in connection with this Award Agreement, and its determinations shall be final, binding and conclusive.
14.    Amendment.  The Committee reserves the right at any time to amend the terms and conditions set forth in this Award Agreement; provided, that no such amendment shall materially adversely affect your rights and obligations under this Award Agreement without your consent, except that the Committee reserves the right to accelerate the delivery of the Shares and in its discretion provide that such Shares may not be transferable until the Delivery Date on which such Shares otherwise would have been delivered (and that in respect of such Shares you will remain obligated to return the Shares and any dividend equivalents to the Company in the circumstances under which the Shares would not have been delivered pursuant to Paragraph 4, 5 or 10); provided further, that, such acceleration of delivery of Shares shall not occur if such acceleration would cause the holder of an Award to be subject to an excise tax under Section 409A of the Code.  Any amendment of this Award Agreement shall be in writing signed by an authorized member of the Committee or a person or persons designated by the Committee. 
15.    Adjustment.  The number of DSUs and the number and kind of Shares subject to this Award Agreement shall be adjusted in accordance with Section 12.1 of the Plan.
16.    Arbitration; Choice of Forum. 
(a)    Any dispute, controversy or claim between the Company and you, arising out of or relating to or concerning the Plan or this Award Agreement, shall be finally settled by arbitration in San Jose, California before, and in accordance with the rules then in effect of, the American Arbitration Association (the “AAA”) in accordance with the commercial arbitration rules of the AAA.  Prior to arbitration, all claims maintained by you must first be submitted to the Committee in accordance with claims procedures determined by the Committee.  This Paragraph is subject to the provisions of Paragraphs 16(b) and (c) below.
(b)    THE COMPANY AND YOU HEREBY IRREVOCABLY SUBMIT TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN THE CITY OF SAN JOSE, CALIFORNIA OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO OR CONCERNING THE PLAN OR THIS AWARD AGREEMENT THAT IS NOT OTHERWISE ARBITRATED OR RESOLVED ACCORDING TO PARAGRAPH 16(a) OF THIS AWARD AGREEMENT.  This includes any suit, action or proceeding to compel arbitration or to enforce an arbitration award.  The Company and you acknowledge that the forum designated by this Paragraph 16(b) has a reasonable relation to the Plan, this Award Agreement, and to your relationship with the 

4

Company.  Notwithstanding the foregoing, nothing herein shall preclude the Company from bringing any action or proceeding in any other court for the purpose of enforcing the provisions of this Paragraph 16.  
(c)    The agreement by you and the Company as to forum is independent of the law that may be applied in the action, and you and the Company agree to such forum even if the forum may under applicable law choose to apply non-forum law.  You and the Company hereby waive, to the fullest extent permitted by applicable law, any objection which you or the Company now or hereafter may have to personal jurisdiction or to the laying of venue of any such suit, action or proceeding in any court referred to in Paragraph 16(b).  You and the Company undertake not to commence any action, suit or proceeding arising out of or relating to or concerning this Award Agreement in any forum other than a forum described in this Paragraph 16.  You and (subject to the last sentence of Paragraph 16(b)) the Company agree that, to the fullest extent permitted by applicable law, a final and non-appealable judgment in any such suit, action or proceeding in any such court shall be conclusive and binding upon you and the Company.
(d)    You irrevocably appoint the Secretary of the Company as your agent for service of process in connection with any action, suit or proceeding arising out of or relating to or concerning this Award Agreement which is not arbitrated pursuant to the provisions of Paragraph 16(a), who shall promptly advise you of any such service of process.
(e)    You hereby agree to keep confidential the existence of, and any information concerning, a dispute described in this Paragraph 16, except that you may disclose information concerning such dispute to the arbitrator or court that is considering such dispute or to your legal counsel (provided that such counsel agrees not to disclose any such information other than as necessary to the prosecution or defense of the dispute).
17.    Section 409A.  This Award Agreement and the DSUs are intended to comply with Section 409A of the Code and the Treasury Regulations thereunder (“Section 409A”) and shall be interpreted in a manner consistent with that intention, to the extent you are or become subject to U.S. federal income taxation.  Notwithstanding any other provisions of this Award Agreement, the Company reserves the right, to the extent the Company deems necessary or advisable, if you are or become subject to U.S. federal income taxation, and without any obligation to do so or to indemnify you for any failure to do so, to unilaterally amend the Plan and/or this Award Agreement to ensure that all DSUs are awarded in a manner that qualifies for exemption from or complies with Section 409A, provided, however, that the Company makes no representation that the DSUs will comply with or be exempt from Section 409A and makes no undertaking to preclude Section 409A from applying to the DSUs.
18.    Governing Law.  THIS AWARD SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS.

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19.    Headings.  The headings in this Award Agreement are for the purpose of convenience only and are not intended to define or limit the construction of the provisions hereof.
IN WITNESS WHEREOF, eBay Inc. has caused this Award Agreement to be duly executed and delivered as of the Date of Grant.
	
			
	eBay Inc.

	

	By
	 

	 
	Name:
	John Donahoe

	 
	Title:
	President and 
Chief Executive Officer

	 

	
		
	Recipient:
	 

	 
	 

	Number of DSUs:
	 

	 
	 

	Date of Grant:
	 

	 
	 

	Delivery Date:
	Termination of Service as a Director of the Company for any reason.

	 
	Also, I understand that DSUs may be delivered to me at such other time as provided pursuant to the terms of the Plan and this Agreement.

I have read the Plan and this Award Agreement and I agree to these terms.
	
	
	 

	Participant Signature

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