MASSROOTS, INC.
2015 Stock INCENTIVE PLAN
STOCK AWARD AGREEMENT

 

This Stock Award Agreement (“Agreement”) is entered into between MassRoots, Inc.
(the “Company”) and the individual named in Paragraph 1 below (“Holder”)
effective as of the Grant Date.

The parties hereto, intending to be legally bound, hereby agree as follows:

 

1.Terms of Stock Grant. The Company has granted a Stock Award to Holder based on
the following terms:

 

Name of Holder:   Grant Date (Date of Board / Committee Approval): [ Number of
Shares of Stock included in Stock Award:

 

 

Vested or Non-vested upon Grant:      

2.Vesting. The Stock Award is [not/fully] vested upon Grant Date, [details of
vesting] and in accordance with Federal and State securities laws, including
Rule 144 of the Securities Act of 1933.

3.Incorporation of Plan. Except as otherwise stated herein, the Stock Award is
subject to all the provisions of the 2015 Stock Incentive Plan (the “Plan”), the
provisions of which are hereby made a part of this Agreement, and is further
subject to all interpretations, amendments, rules and regulations which may from
time to time be promulgated and adopted pursuant to the Plan. In the event of
any conflict between the provisions of this Agreement and those of the Plan, the
provisions of the Plan shall control. The Committee shall have the sole
authority to interpret and construe this Agreement and the Plan, and its
interpretations shall be final, conclusive and binding for all purposes on the
parties. Capitalized terms not otherwise defined herein shall have the meanings
assigned in the Plan.

4.Transferability. This Agreement is not transferable by the Holder.

5.Tax Withholding. By accepting the Stock Award, the Holder agrees to pay or
make arrangements satisfactory to the Committee for payment to the Company of
all taxes required to be withheld by the Company in connection with the Stock
Award or any sale, transfer or other disposition of any shares of Common Stock
acquired. The Company shall in no case be responsible for payment of Holder’s
income tax obligations, or the filing of any Section 83(b) election under the
Internal Revenue Code, with respect to the Stock Award.

6.Advice. Holder is solely responsible for obtaining his or her personal tax,
financial and legal advice related to the Stock Award from an independent
advisor. The Company, its employees and agents shall in no case be held
responsible for advising Holder regarding the tax treatment, legal effects, or
financial results related to the Stock Award.

7.Legal Fees. The Company in its sole discretion may require that the Holder pay
for any legal fees associated with the transfer of any shares acquired in
connection with the Stock Award including, but not limited to, a legal opinion
as to the availability of an exemption to any federal and/or state securities
registration requirements.

8.Acknowledgement. By signing below, Holder acknowledges receipt of this
Agreement and a copy of the Plan.

MassRoots, Inc. Holder         By: Isaac Dietrich [ ] Chief Executive Officer  
    Date: Date: