SEC Contract Filing

Filing Date: 2023-04-03

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.2</B></FONT></P>

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<P STYLE="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>APPROVAL
OF THE BIOTRICITY, INC. EMPLOYEE STOCK PURCHASE PLAN</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>OVERVIEW</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
February 24, 2023, the Company&rsquo;s Board of Directors approved the Company&rsquo;s Employee Stock Purchase Plan (the &ldquo;<B>ESPP</B>&rdquo;)
subject to approval of the ESPP by the Company&rsquo;s shareholders. If the ESPP is approved, the Company will be authorized to offer
eligible employees of the Company and its designated subsidiaries the ability to purchase shares of the Company&rsquo;s common stock
at a discount, subject to various limitations. The Board of Directors believes that the ESPP will promote broad-based ownership of common
stock by employees and will help to align the interests of employees with those of the shareholders.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
ESPP is designed to allow eligible employees of the Company and its designated subsidiaries to purchase shares of the Company&rsquo;s
common stock with accumulated payroll deductions. The ESPP is divided into two components: the &ldquo;Section 423 Offering&rdquo; and
the &ldquo;Non-Section 423 Offering.&rdquo; The Section 423 Offering is intended to qualify as an &ldquo;employee stock purchase plan&rdquo;
under Section 423 of the Internal Revenue Code of 1986, as amended (the &ldquo;<B>Code</B>&rdquo;). The Non- Section 423 Offering is
not intended to qualify under Section 423 of the Code and may be used to grant purchase rights to non-U.S. employees and other employees
that may be designated by the ESPP administrator.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
key terms of the ESPP are described in the summary below. A copy of the ESPP is attached to this proxy statement. Shareholders should
read the ESPP in its entirety.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SUMMARY
OF ESPP</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><I>Administration.
</I></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
ESPP is administered by the Compensation Committee of the Company&rsquo;s Board of Directors (the &ldquo;<B>Plan Administrator</B>&rdquo;).
Subject to the terms and conditions of the ESPP, the Plan Administrator will have discretionary authority to administer and interpret
the ESPP and to determine the terms and conditions of the offerings of common stock to be made under the ESPP. Subject to applicable
laws and regulations, the Plan Administrator is authorized to delegate administrative authority under the ESPP to one or more officers
of the Company or to other individuals or groups. The Plan Administrator&rsquo;s interpretation of any provision of the ESPP or of any
rights thereunder will be conclusive and binding on all persons. No member of the Board of Directors or the Compensation Committee or
any other individual exercising administrative authority with respect to the ESPP will be liable for any action or determination made
in good