SEC Contract Filing

Filing Date: 2015-08-11

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exh_101.htm
<DESCRIPTION>EXHIBIT 10.1
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font-size: 10pt; font-weight: bold; text-align: center; margin: 0pt 0">MOBETIZE CORP.<BR>
<FONT STYLE="font-variant: small-caps">2015 </FONT>STOCK OPTION PLAN</P>

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<P STYLE="font-size: 10pt; text-align: justify; margin: 0pt 0; text-indent: 0.5in">This 2015 Stock Option Plan (the &ldquo;<B>Plan</B>&rdquo;)
provides for the grant of options to acquire common shares (the &ldquo;<B>Common Shares</B>&rdquo;) in the capital of Mobetize
Corp., a corporation formed under the laws of the State of Nevada (the &ldquo;<B>Corporation</B>&rdquo;). Stock options granted
under this Plan that qualify under Section&nbsp;422 of the Internal Revenue Code of 1986, as amended (the &ldquo;<B>Code</B>&rdquo;)
are referred to in this Plan as &ldquo;Incentive Stock Options&rdquo; and stock options that do not qualify under Section&nbsp;422
of the Code are referred to as &ldquo;Non-Qualified Stock Options&rdquo;. Incentive Stock Options and Non-Qualified Stock Options
granted under this Plan are collectively referred to as &ldquo;Options&rdquo;.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">1.</TD><TD><U>PURPOSE</U></TD></TR></TABLE>

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<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0in">1.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The purpose of this Plan is to retain the services of valued key employees and consultants of the Corporation and such other
persons as the Plan Administrator shall select in accordance with Section 3 below, and to encourage such persons to acquire a greater
proprietary interest in the Corporation, thereby strengthening their incentive to achieve the objectives of the shareholders of
the Corporation, and to serve as an aid and inducement in the hiring of new employees and to provide an equity incentive to consultants
and other persons selected by the Plan Administrator.</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0in">1.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Plan shall at all times be subject to all legal requirements relating to the administration of stock option plans,
if any, under applicable corporate laws, applicable United States federal and state securities laws, the Code, the rules of any
applicable stock exchange or stock quotation system, and the rules of any foreign jurisdiction applicable to Options granted to
residents therein (collectively, the &ldquo;<B>Applicable Laws</B>&rdquo;).</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in">2.</TD><TD><U>ADMINISTRATION</U></TD></TR></TABLE>

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<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0in">2.1<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>This Plan shall be administered initially by the Board of Directors of the Corporation (the &ldquo;<B>Board</B>&rdquo;),
except that the Board may, in its discretion, establish a committee composed of two (2) or more members of the Board or two (2)
or more other persons to administer the Plan, which committee (the &ldquo;<B>Committee</B>&rdquo;) may be an executive, compensation
or other committee, including a separate committee especially created for this purpose. The Board or, if applicable, the Committee
is referred to herein as the &ldquo;Plan Administrator&rdquo;.</P>

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<P STYLE="font-size: 10pt; margin: 0pt 0; text-align: justify; text-indent: 0in">2.2<FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>If and so long as the Common Stock is registered under Section 12(b) or 12(g) of the <I>Securities Exchange Act</I> of 1934,
as amended (the &ldquo;<B>Exchange Act</B>&rdquo;) and the Corporation wishes to grant Incentive Stock Options, then the Board
shall consider in selecting the Plan Administrator and the membership of any Committee, with respect to any persons subject or
likely to become subject to