SEC Contract Filing

Filing Date: 2015-05-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.32
<SEQUENCE>2
<FILENAME>exhibit10-32.htm
<DESCRIPTION>EXHIBIT 10.32
<TEXT>
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 <TITLE>Ireland Inc.: Exhibit 10.32 - Filed by newsfilecorp.com</TITLE>
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 <TR vAlign=top>
 <TD align=center><B>OFFICER NON-QUALIFIED STOCK OPTION AGREEMENT</B>
</TD></TR>
 <TR vAlign=bottom>
 <TD align=center><B>OF</B> </TD></TR>
 <TR vAlign=bottom>
 <TD align=center><B>IRELAND INC.</B> </TD></TR>
 <TR vAlign=bottom>
 <TD align=center><B>A Nevada Corporation</B> </TD></TR></TABLE>
<P align=justify><B>THIS AGREEMENT</B> is made between <B>IRELAND INC.</B>, a
Nevada corporation (hereinafter referred to as the "Company"), and<B> DOUGLAS
D.G. BIRNIE</B> of xxxxxxxxxx (hereinafter referred to as the &#147;Optionee&#148;), an
officer of the Company, effective as of the 1st day of April, 2015 (the &#147;Grant
Date&#148;).<B> </B></P>
<P align=justify><B>1. Options Granted. </B>The Company hereby grants the
Optionee non-qualified stock options to purchase an aggregate of <B>One Million
Five Hundred Thousand (1,500,000) </B>shares of the Company&#146;s Common Stock
exercisable at a price of $0.40 per share (the &#147;Exercise Price&#148;) for a term
commencing on the vesting dates set out below (the &#147;Vesting Date&#148;) and expiring
at 5:00 pm (Pacific Time) on the fifth (5th) year anniversary of the respective
Vesting Date (the &#147;Expiration Date&#148;), subject to termination as set forth
herein:<B> </B></P>
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 <TR vAlign=top>
 <TD style="BORDER-TOP: #000000 1px solid" align=center><B>Number of</B>
</TD>
 <TD style="BORDER-TOP: #000000 1px solid" align=left width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-TOP: #000000 1px solid" align=center width="30%">&nbsp;
 </TD>
 <TD style="BORDER-TOP: #000000 1px solid" align=center width="2%"
 >&nbsp;</TD>
 <TD style="BORDER-TOP: #000000 1px solid" align=center width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-TOP: #000000 1px solid" align=center width="30%">&nbsp;
 </TD>
 <TD style="BORDER-TOP: #000000 1px solid" align=left width="2%"
 >&nbsp;</TD></TR>
 <TR vAlign=top>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B>Options to
 Vest</B> </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
 width="30%"><B>Vesting Date</B> </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
 width="30%"><B>Expiration Date</B> </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
 >&nbsp;</TD></TR>
 <TR>
 <TD>&nbsp; </TD>
 <TD width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD align=center width="2%" >&nbsp;</TD>
 <TD align=center width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD width="2%" >&nbsp;</TD></TR>
 <TR vAlign=top>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>300,000 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="30%">Apr.
 1, 2015 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="30%">Mar.
 31, 2020 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
 >&nbsp;</TD></TR>
 <TR>
 <TD>&nbsp; </TD>
 <TD width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD align=center width="2%" >&nbsp;</TD>
 <TD align=center width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD width="2%" >&nbsp;</TD></TR>
 <TR vAlign=top>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>300,000 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="30%">Jun.
 30, 2015 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="30%">Jun.
 30, 2020 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
 >&nbsp;</TD></TR>
 <TR>
 <TD>&nbsp; </TD>
 <TD width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD align=center width="2%" >&nbsp;</TD>
 <TD align=center width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD width="2%" >&nbsp;</TD></TR>
 <TR vAlign=top>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center>300,000 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
 width="30%">Sept. 30, 2015 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="2%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center width="1%"
 >&nbsp;</TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=center
 width="30%">Sept. 30, 2020 </TD>
 <TD style="BORDER-BOTTOM: #000000 1px solid" align=left width="2%"
 >&nbsp;</TD></TR>
 <TR>
 <TD>&nbsp; </TD>
 <TD width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD align=center width="2%" >&nbsp;</TD>
 <TD align=center width="1%" >&nbsp;</TD>
 <TD align=center width="30%">&nbsp; </TD>
 <TD width="2%" >&nbsp;</TD></T