0001437749-12-001270 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • February 9th, 2012 • Location Based Technologies, Inc. • Search, detection, navagation, guidance, aeronautical sys • California

This Employment Agreement ("Agreement"), is entered into as of January 12th, 2012 (the "Effective Date") by and between Location Based Technologies, a Nevada Corporation ("Company"), and Joseph Scalisi ("Executive").

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LOCATION BASED TECHNOLOGIES, INC. AMENDED AND RESTATED 2007 STOCK INCENTIVE PLAN STOCK OPTION AGREEMENT
Stock Option Agreement • February 9th, 2012 • Location Based Technologies, Inc. • Search, detection, navagation, guidance, aeronautical sys • California

Unless otherwise defined herein, the terms defined in the Location Based Technologies, Inc. Amended and Restated 2007 Stock Incentive Plan (the “Plan”) shall have the same defined meanings in this Stock Option Agreement (this “Agreement”).

SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT
Loan and Security Agreement • February 9th, 2012 • Location Based Technologies, Inc. • Search, detection, navagation, guidance, aeronautical sys

THIS SECOND AMENDMENT TO LOAN AND SECURITY AGREEMENT (this “Amendment”) is entered into this __ day of February, 2012, but effective as of January 6, 2012, by and between SILICON VALLEY BANK (“Bank”) and LOCATION BASED TECHNOLOGIES, INC., a Nevada corporation (“Borrower”).

LOCATION BASED TECHNOLOGIES, INC. AMENDED AND RESTATED 2007 STOCK INCENTIVE PLAN STOCK OPTION AGREEMENT
Stock Option Agreement • February 9th, 2012 • Location Based Technologies, Inc. • Search, detection, navagation, guidance, aeronautical sys • California

Unless otherwise defined herein, the terms defined in the Location Based Technologies, Inc. Amended and Restated 2007 Stock Incentive Plan (the “Plan”) shall have the same defined meanings in this Stock Option Agreement (this “Agreement”).

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