CANADIAN ZINC CORPORATION OPTION AGREEMENT (Director/Senior Officer)
CANADIAN ZINC CORPORATION
(Director/Senior
Officer)
This
Option Agreement is entered into between Canadian Zinc Corporation (the "Company") and the Optionee
named below pursuant to the 10% Rolling Stock Option Plan (the "Plan"), a copy of which is
attached hereto, and confirms that:
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1.
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on
March 27, 2009 (the "Grant
Date");
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2.
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_________________ (the "Optionee");
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3.
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was
granted the option (the "Option") to purchase
_______ common shares without par value (the "Option Shares") of the
Company;
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4.
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for
the price (the "Option
Price") of $0.23 per
share;
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5.
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which
shall be exercisable ("Vested") as per the
table below:
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Vesting
Date
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#
shares exercisable
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March
27, 2009
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June
27, 2009
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September
27, 2009
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December
27, 2009
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TOTAL
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6.
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terminating
on the March 27, 2014
(the "Expiry
Date");
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all on
the terms and subject to the conditions set out in the Plan. For
greater certainty, once Option Shares have become Vested, they continue to be
exercisable until the termination or cancellation thereof as provided in this
Option Agreement and the Plan.
By
signing this Option Agreement, the Optionee acknowledges that the Optionee has
read and understands the Plan and agrees to the terms and conditions of the Plan
and this Option Agreement.
Acknowledgement
– Personal Information
The
undersigned hereby acknowledges and consents to:
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(a)
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the
disclosure to the Toronto Stock Exchange and all other regulatory
authorities of all personal information of the undersigned obtained by the
Company; and
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(b)
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the
collection, use and disclosure of such personal information by the Toronto
Stock Exchange and all other regulatory authorities in accordance with
their requirements, including the provision to third party service
providers, from time to time.
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IN
WITNESS WHEREOF the parties hereto have executed this Option Agreement as of the
27th day of March, 2009.
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CANADIAN
ZINC CORPORATION
Per:
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