Exhibit
10.2
2014 STOCK OPTION AND INCENTIVE PLAN
OPTION
GRANT
Optionee:
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Date of
Grant:
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Grant
No:
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Exercise
Price:
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Type of
Option:
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Number
of Shares:
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Term of
Option:
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Commencing
on the Date of Grant and expiring
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Subject
to the terms, conditions and restrictions of the 2014 Stock Option
and Incentive Plan (the “Plan”) and this Option Grant,
Super League Gaming, Inc. (the “Company”) hereby grants
an option (the “Option”) to purchase the
above-referenced number of shares of common stock, $0.001 par value
(“Common Stock”), of the Company exercisable at the
exercise price stated above. Capitalized terms used and not
otherwise defined herein shall have the meanings assigned to them
in the Plan.
The
Option granted hereunder shall be exercisable only to the extent it
has vested. The Option shall vest per the vesting schedule set
forth below so long as Optionee continues to have an uninterrupted
Relationship with the Company or a Subsidiary up to, and including,
each scheduled vesting date. Optionee will only have the right to
exercise any vested portion(s) of the Option. If Optionee ceases to
have a Relationship with the Company or a Subsidiary up to, and
including, the date upon which all or any installment of the option
vest(s), the Optionee shall have no right, nor be entitled, to
exercise the unvested portion of the Option. The vesting schedule
for the Option under this Option Grant is as follows:
[Insert vesting conditions]
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The
Option shall not be assigned, pledged, sold, encumbered,
transferred or otherwise disposed of by Optionee, either
voluntarily or by operation of law, other than by will or the laws
of descent and distribution, and during the lifetime of Optionee
the Option shall be exercisable only by such Optionee. Any
attempted assignment, pledge, sale, encumbrance, transfer or other
disposition of the Option, other than in accordance with the terms
set forth herein, shall be null and void, and of no
effect.
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1
In
order to qualify as an Incentive Option, numerous conditions must
be met, including the approval of the Plan by the stockholders of
the Company within twelve months after the date of adoption of the
Plan by the Board. Neither the Committee, the Board nor the Company
shall have any liability if the Option does not qualify as an
Incentive Option. Any portion of the Option that does not qualify
as an Incentive Option shall be deemed to be a Nonstatutory
Option.
2
The Option shall terminate in accordance with the
Plan.
NOTE:
A copy of the Plan is attached. The Plan details the terms,
conditions and restrictions of the Option and the underlying shares
of Common Stock, and should be carefully read in its entirety. In
addition, this Option Grant may contain additional terms,
conditions and restrictions of the Option and the underlying shares
of Common Stock. If there is any question, ambiguity or
contradiction in this Option Grant, the language of the Plan shall
govern.
In Witness Whereof, the
undersigned executes this Option Grant as of the date first set
forth above:
Super League Gaming, Inc.,
a Delaware Corporation
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By:
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Ann Hand
Chief Executive Officer
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Accepted and Agree to as of the Date of Grant:
Signature:
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Passport or Other
Government Issued Identification Number:
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Residence
Address:
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(street
address)
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(city,
state, zip code)
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Telephone:
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E-Mail:
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Social Security
Number:
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