Item 1.01 Entry into a Material Definitive Agreement

Effective November 23, 2011 the Company entered an option agreement to subscribe for and purchase up to 800,000 common shares of GoGiro Internet Group, Inc. (GoGiro) and representing 9.9% of the then issued common shares of GoGiro for the subscription price of $0.25 per share of common stock of GoGiro (the "Subscription Price") pursuant to the terms and conditions set forth below:

(a) 200,000 of the Common Shares Option expiring at 4:30 p.m. PST on March 31th, 2012,

(b) 200,000 of the Common Shares Option expiring at 4:30 p.m. PST on June 30th, 2012,

(c) 200,000 of the Common Shares Option expiring at 4:30 p.m. PST on September 30th, 2012,

(d) 200,000 of the Common Shares Option expiring at 4:30 p.m. PST on December 31th, 2012

This Option may be exercised by the Company in whole or in part.

On November 23, 2011 the Company exercised part (a) of the option and acquired 200,000 shares of GoGiro for $50,000CDN.

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Prior to the exercise of the option by the Company, Mr. Neil Chan, CEO and Director of IGEN Networks Corporatioin, held 27.4 per cent of the issued shares of GoGiro, and GoGiro had issued and outstanding 7,309,920 shares. Subsequent to the exercise of this portion of the option, GoGiro has 7,509,920 shares issued and outstanding.