EXHIBIT 4.1


ANNEX I


 


 


THE OPTION GRANTED PURSUANT TO THIS AGREEMENT
AND THE SHARES ISSUABLE UPON THE EXERCISE THEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY
NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL,
SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.


 


 


2017 TPT GLOBAL TECH, INC.


STOCK OPTION AND AWARD INCENTIVE PLAN:


STOCK OPTION AGREEMENT


 


SECTION 1: GRANT OF OPTION


 


1.1 Option. On the terms
and conditions set forth in the notice of stock option grant to which this agreement (the "Agreement") is attached (the
"Notice of Stock Option Grant") and this agreement, the Company grants to the individual named in the Notice of Stock
Option Grant (the "Optionee") the option to purchase at the exercise price specified in the Notice of Stock Option Grant
(the "Exercise Price") the number of Shares set forth in the Notice of Stock Option Grant. This option is intended to
be either an ISO or a Non-Qualified Stock Option, as provided in the Notice of Stock Option Grant.


 


1.2 Stock Plan and Defined
Terms. This option is granted pursuant to and subject to the terms of the 2017 TPT GLOBAL TECH, INC. STOCK OPTION AND AWARD INCENTIVE
PLAN, as in effect on the date specified in the Notice of Stock Option Grant (which date shall be the later of (i) the date on
which the Board resolved to grant this option, or (ii) the first day of the Optionee's Service) and as amended from time to time
(the "Plan"), a copy of which is attached hereto and which the Optionee acknowledges having received. Capitalized terms
not otherwise defined in this Agreement have the definitions ascribed to them in the Plan.


 


SECTION 2: RIGHT TO EXERCISE


 


2.1 Exercisability. Subject
to Sections 2.2 and 2.3 below and the other conditions set forth in this Agreement, all or part of this option may be exercised
prior to its expiration at the time or times set forth in the Notice of Stock Option Grant. Shares purchased by exercising this
option may be subject to the Right of Repurchase under Section 7. In addition, all of the remaining unexercised options shall become
vested and fully exercisable if (i) a Change in Control occurs before the Optionee's Service terminates, and (ii) the option is
not assumed or an equivalent option is not substituted by the successor entity that employs the Optionee immediately after the
Change in Control or by its parent or subsidiary.


 


2.2 Limitation. If
this option is designated as an ISO in the Notice of Stock Option Grant, then to the extent (and only to the extent) the
Optionee's right to exercise this option causes this option (in whole or in part) to not be treated as an ISO by reason of
the $100,000 annual limitation under Section 422(d) of the Code, such options shall be treated as Non-Qualified Stock
Options, but shall be exercisable by their terms. The determination of options to be treated as Non-Qualified Stock Options
shall be made by taking options into account in the order in which they




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are granted. If the terms of this option cause
the $100,000 annual limitation under Section 422(d) of the Code to be exceeded, a pro rata portion of each exercise shall be treated
as the exercise of a Non-Qualified Stock Option.


 


2.3 Stockholder Approval.
Any other provision of this Agreement notwithstanding, no portion of this option shall be exercisable at any time prior to the
approval of the Plan by the Company's stockholders.


 


SECTION 3: NO TRANSFER OR ASSIGNMENT OF OPTION


 


Except as provided herein,
an Optionee may not assign, sell or transfer the option, in whole or in part, other than by testament or by operation of the laws
of descent and distribution. The Administrator, in its sole discretion may permit the transfer of a Non-Qualified Option (but not
an ISO) as follows: (i) by gift to a member of the Participant's immediate family, or (ii) by transfer by instrument to a trust
providing that the Option is to be passed to beneficiaries upon death of the Settlor (either or both (i) or (ii) referred to as
a "Permitted Transferee"). For purposes of this Section 3, "immediate family" shall mean the Optionee's spouse
(including a former spouse subject to terms of a domestic relations order); child, stepchild, grandchild, child-in-law; parent,
stepparent, grandparent, parent-in-law; sibling and sibling-in-law, and shall include adoptive relationships. A transfer permitted
under this Section 3 hereof may be made only upon written notice to and approval thereof by Administrator. A Permitted Transferee
may not further assign, sell or transfer the transferred option, in whole or in part, other than by testament or by operation of
the laws of descent and distribution. A Permitted Transferee shall agree in writing to be bound by the provisions of this Plan,
which agreement shall be submitted to and approved by the Administrator before the transfer.


 


SECTION 4: EXERCISE PROCEDURES


 


4.1 Notice of Exercise.
The Optionee or the Optionee's representative may exercise this option by delivering a written notice in the form of Exhibit A
attached hereto ("Notice of Exercise") to the Company in the manner specified pursuant to Section 14.4 hereof. Such Notice
of Exercise shall specify the election to exercise this option, the number of Shares for which it is being exercised and the form
of payment, which must comply with Section 5. The Notice of Exercise shall be signed by the person who is entitled to exercise
this option. In the event that this option is to be exercised by the Optionee's representative, the notice shall be accompanied
by proof (satisfactory to the Company) of the representative's right to exercise this option.


 


4.2 Issuance of Shares.
After receiving a proper Notice of Exercise, the Company shall cause to be issued a certificate or certificates for the Shares
as to which this option has been exercised, registered in the name of the person exercising this option (or in the names of such
person and his or her spouse as community property or as joint tenants with right of survivorship). The Company shall cause such
certificate or certificates to be deposited in escrow or delivered to or upon the order of the person exercising this option.


 


4.3 Withholding Taxes.
In the event that the Company determines that it is required to withhold any tax as a result of the exercise of this option, the
Optionee, as a condition to the exercise of this option, shall make arrangements satisfactory to the Company to enable it to satisfy
all withholding requirements. The Optionee shall also make arrangements satisfactory to the Company to enable it to satisfy any
withholding requirements that may arise in connection with the vesting or disposition of Shares purchased by exercising this option,
and shall provide to the Company his/her/its social security number or employment identification number.


 




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SECTION 5: PAYMENT FOR STOCK


 


5.1 General Rule. The entire
Exercise Price of Shares issued under the Plan shall be payable in full by cash or cashier's check for an amount equal to the aggregate
Exercise Price for the number of shares being purchased. Alternatively, in the sole discretion of the Plan Administrator and upon
such terms as the Plan Administrator shall approve, the Exercise Price may be paid by:


 


5.1.1 Cashless
Exercise. Provided the Company's Common Stock is publicly traded, a copy of instructions to a broker directing such broker to sell
the Shares for which this option is exercised, and to remit to the Company the aggregate Exercise Price of such option ("Cashless
Exercise");


 


5.1.2 Stock-For-Stock
Exercise. Paying all or a portion of the Exercise Price for the number of Shares being purchased by tendering Shares owned by the
Optionee, duly endorsed for transfer to the Company, with a Fair Market Value on the date of delivery equal to the Exercise Price
multiplied by the number of Shares with respect to which this option is being exercised (the "Purchase Price") or the
aggregate Purchase Price of the shares with respect to which this option or portion hereof is exercised ("Stock-for-Stock
Exercise"); or


 


5.1.3 Attestation
Exercise. By a stock for stock exercise by means of attestation whereby the Optionee identifies for delivery specific Shares already
owned by Optionee and receives a number of Shares equal to the difference between the Option Shares thereby exercised and the identified
attestation Shares ("Attestation Exercise").


 


5.2 Withholding Payment.
The Exercise Price shall include payment of the amount of all federal, state, local or other income, excise or employment taxes
subject to withholding (if any) by the Company or any parent or subsidiary corporation as a result of the exercise of a Stock Option.
The Optionee may pay all or a portion of the tax withholding by cash or check payable to the Company, or, at the discretion of
the Administrator, upon such terms as the Administrator shall approve, by (i) Cashless Exercise or Attestation Exercise; (ii) Stock-for-Stock
Exercise; (iii) in the case of an Option, by paying all or a portion of the tax withholding for the number of shares being purchased
by withholding shares from any transfer or payment to the Optionee ("Stock withholding"); or (iv) a combination of one
or more of the foregoing payment methods. Any shares issued pursuant to the exercise of an Option and transferred by the Optionee
to the Company for the purpose of satisfying any withholding obligation shall not again be available for purposes of the Plan.
The fair market value of the number of shares subject to Stock withholding shall not exceed an amount equal to the applicable minimum
required tax withholding rates.


 


5.3 Promissory Note. The
Plan Administrator, in its sole discretion, upon such terms as the Plan Administrator shall approve, may permit all or a portion
of the Exercise Price of Shares issued under the Plan to be paid with a full-recourse promissory note. However, in the event there
is a stated par value of the shares and applicable law requires, the par value of the shares, if newly issued, shall be paid in
cash or cash equivalents. The Shares shall be pledged as security for payment of the principal amount of the promissory note and
interest thereon, and shall be held in the possession of the Company until the promissory note is repaid in full. Subject to the
foregoing, the Plan Administrator (at its sole discretion) shall specify the term, interest rate, amortization requirements (if
any) and other provisions of such note.


 


5.4 Exercise/Pledge. In
the discretion of the Plan Administrator, upon such terms as the Plan Administrator shall approve, payment may be made all or in
part by the delivery (on a form




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prescribed by the Plan Administrator) of an
irrevocable direction to pledge Shares to a securities broker or lender approved by the Company, as security for a loan, and to
deliver all or part of the loan proceeds to the Company in payment of all or part of the Exercise Price and any withholding taxes.


 


SECTION 6: TERM AND EXPIRATION


 


6.1 Basic Term. This option
shall expire and shall not be exercisable after the expiration of the earliest of (i) the Expiration Date specified in the Notice
of Stock Option Grant, (ii) three months after the date the Optionee's Service with the Company and its Subsidiaries terminates
if such termination is for any reason other than death, Disability or Cause, (iii) one year after the date the Optionee's Service
with the Company and its Subsidiaries terminates if such termination is a result of death or Disability, and (iv) if the Optionee's
Service with the Company and its Subsidiaries terminates for Cause, all outstanding Options granted to such Optionee shall expire
as of the commencement of business on the date of such termination. Outstanding Options that are not exercisable at the time of
termination of employment for any reason shall expire at the close of business on the date of such termination. The Plan Administrator
shall have the sole discretion to determine when this option is to expire. For any purpose under this Agreement, Service shall
be deemed to continue while the Optionee is on a bona fide leave of absence, if such leave to the extent required by applicable
law. To the extent applicable law does not require such a leave to be deemed to continue while the Optionee is on a bona fide leave
of absence, such leave shall be deemed to continue if, and only if, expressly provided in writing by the Administrator or a duly
authorized officer of the Company, Parent or Subsidiary for whom Optionee provides his or her services.


 


6.2 Exercise After Death.
All or part of this option may be exercised at any time before its expiration under Section 6.1 above by the executors or administrators
of the Optionee's estate or by any person who has acquired this option directly from the Optionee by beneficiary designation, bequest
or inheritance, but only to the extent that this option had become exercisable before the Optionee's death. When the Optionee dies,
this option shall expire immediately with respect to the number of Shares for which this option is not yet exercisable and with
respect to any Share that is subject to the Right of Repurchase (as such term is defined in below) (the "Restricted Stock").


 


6.3 Notice Concerning ISO
Treatment. If this option is designated as an ISO in the Notice of Stock Option Grant, it ceases to qualify for favorable tax treatment
as an ISO to the extent it is exercised (i) more than three months after the date the Optionee ceases to be an Employee for any
reason other than death or permanent and total disability (as defined in Section 22(e)(3) of the Code), (ii) more than 12 months
after the date the Optionee ceases to be an Employee by reason of such permanent and total disability, or (iii) after the Optionee
has been on a leave of absence for more than 90 days, unless the Optionee's reemployment rights are guaranteed by statute or by
contract.


 


 


 




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SECTION 7: RIGHT OF REPURCHASE


 


7.1 Option Repurchase Right.
Following a termination of the Optionee's Service, the Company shall have the option to repurchase the Optionee's vested and exercisable
options at a price equal to the Fair Market Value of the Stock underlying such options, less the Exercise Price (the "Option
Repurchase Right").


 


7.2 Stock Repurchase Right.
Unless they have become vested in accordance with the Notice of Stock Option Grant and Section 7.4 below, the stock acquired under
this Agreement initially shall be Restricted Stock and shall be subject to a right (but not an obligation) of repurchase by the
Company, which shall be exercisable at a price equal to the Exercise Price paid for the Restricted Stock (the "Stock Repurchase
Right"). Vested stock acquired under this Agreement shall be subject to a right (but not an obligation) of repurchase by the
Company, which shall be exercisable at a price equal to the Fair Market Value of the vested Stock.


 


7.3 Condition Precedent
to Exercise. The Option Repurchase Right and Stock Repurchase Rights (collectively, the "Right of Repurchase") shall
be exercisable over Restricted Stock only during the 90-day period next following the later of:


 


7.3.1 The date
when the Optionee's Service terminates for any reason, with or without Cause, including (without limitation) death or disability;
or


 


7.3.2 The date
when this option was exercised by the Optionee, the executors or administrators of the Optionee's estate, or any person who has
acquired this option directly from the Optionee by bequest, inheritance or beneficiary designation.


 


7.4 Lapse of Right of Repurchase.
The Right of Repurchase shall lapse with respect to the Shares subject to this option in accordance with the vesting schedule set
forth in the Notice of Stock Option Grant. In addition, the Right of Repurchase shall lapse and all of the remaining Restricted
Stock shall become vested if (i) a Change in Control occurs before the Optionee's Service terminates, and (ii) the Right of Repurchase
is not assigned to the entity that employs the Optionee immediately after the Change in Control or to its parent or subsidiary.
The Right of Repurchase shall lapse with respect to (i) Shares that are registered under a then currently effective registration
statement under applicable federal securities laws and the issuer is subject to the reporting requirements of Section 13 or 15(d)
of the Exchange Act or becomes an investment company registered or required to be registered under the Investment Company Act of
1940, or (ii) Shares for which a determination is made by counsel for the Company that such Exercise Price restrictions are not
required in the circumstances under applicable federal or state securities laws.


 


7.5 Exercise of Right of
Repurchase. The Company shall exercise the Right of Repurchase by written notice delivered to the Optionee prior to the expiration
of the 90-day period specified in Section 7.3 above. The notice shall set forth the date on which the repurchase is to be effected,
which must occur within 31 days of the notice. The certificate(s) representing the Restricted Stock to be repurchased shall, prior
to the close of business on the date specified for the repurchase, be delivered to the Company properly endorsed for transfer.
The Company shall, concurrently with the receipt of such certificate(s), pay to the Optionee the Purchase Price determined according
to this Section 7. Payment shall be made in cash or cash equivalents or by canceling indebtedness to the Company incurred by the
Optionee in the purchase of the Restricted Stock. The Right of Repurchase shall terminate with respect to any Restricted Stock
for which it has not been timely exercised pursuant to this Section 7.5.




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7.6 Rights of Repurchase
Adjustments. If there is any change in the number of outstanding shares of Stock by reason of a stock split, reverse stock split,
stock dividend, an extraordinary dividend payable in a form other than stock, recapitalization, combination or reclassification,
or a similar transaction affecting the Company's outstanding securities without receipt of consideration, then (i) any new, substituted
or additional securities or other property (including money paid other than as an ordinary cash dividend) distributed with respect
to any Restricted Stock (or into which such Restricted Stock thereby become convertible) shall immediately be subject to the Right
of Repurchase; and (ii) appropriate adjustments to reflect the distribution of such securities or property shall be made to the
number and/or class of the Restricted Stock and to the price per share to be paid upon the exercise of the Right of Repurchase;
provided, however, that the aggregate Purchase Price payable for the Restricted Stock shall remain the same.


 


7.7 Termination of Rights
as Stockholder. If the Company makes available, at the time and place and in the amount and form provided in this Agreement, the
consideration for the Restricted Stock to be repurchased in accordance with this Section 7, then after such time the person from
whom such Restricted Stock is to be repurchased shall no longer have any rights as a holder of such Restricted Stock (other than
the right to receive payment of such consideration in accordance with this Agreement). Such Restricted Stock shall be deemed to
have been repurchased in accordance with the applicable provisions hereof, whether or not the certificate(s) therefore have been
delivered as required by this Agreement.


 


7.8 Escrow. Upon issuance,
the certificates for Restricted Stock shall be deposited in escrow with the Company to be held in accordance with the provisions
of this Agreement. Any new, substituted or additional securities or other property described in Section 7.6 above shall immediately
be delivered to the Company to be held in escrow, but only to the extent the Shares are at the time Restricted Stock. All regular
cash dividends on Restricted Stock (or other securities at the time held in escrow) shall be paid directly to the Optionee and
shall not be held in escrow. Restricted Stock, together with any other assets or securities held in escrow hereunder, shall be
(i) surrendered to the Company for repurchase and cancellation upon the Company's exercise of its Right of Repurchase or Right
of First Refusal or (ii) released to the Optionee upon the Optionee's request to the extent the Shares are no longer Restricted
Stock (but not more frequently than once every six months). In any event, all Shares which have vested (and any other vested assets
and securities attributable thereto) shall be released within 60 days after the earlier of (i) the Optionee's cessation of Service
or (ii) the lapse of the Right of First Refusal.


 


SECTION 8: RIGHT OF FIRST REFUSAL


 


8.1 Right of First Refusal.
In the event that the Company's stock is not readily tradable on an established securities market and the Optionee proposes to
sell, pledge or otherwise transfer to a third party any Shares acquired under this Agreement, or any interest in such Shares, to
any person, entity or organization (the "Transferee") the Company shall have the Right of First Refusal with respect
to all (and not less than all) of such Shares (the "Right of First Refusal"). If the Optionee desires to transfer Shares
acquired under this Agreement, the Optionee shall give a written transfer notice ("Transfer Notice") to the Company describing
fully the proposed transfer, including the number of Shares proposed to be transferred, the proposed transfer price, the name and
address of the proposed Transferee and proof satisfactory to the Company that the proposed sale or transfer will not violate any
applicable federal or state securities laws. The Transfer Notice shall be signed both by the Optionee and by the proposed Transferee
and must constitute a binding commitment of both parties to the transfer of the Shares. The Company shall have the right to purchase
all, and not less than all, of the Shares on the terms of the proposal described in the Transfer Notice by delivery of a notice
of exercise of the Right of First Refusal within 30 days after the date when the




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Transfer Notice was received by the Company.
The Company's rights under this Section 8.1 shall be freely assignable, in whole or in part.


 


8.2 Additional Shares or
Substituted Securities. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable
in a form other than stock, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Company's outstanding securities without receipt of consideration, any new, substituted or additional securities
or other property (including money paid other than as an ordinary cash dividend) which are by reason of such transaction distributed
with respect to any Shares subject to this Section 8 or into which such Shares thereby become convertible shall immediately be
subject to this Section 8. Appropriate adjustments to reflect the distribution of such securities or property shall be made to
the number and/or class of the Shares subject to this Section 8.


 


8.3 Termination of Right
of First Refusal. Any other provision of this Section 8 notwithstanding, in the event that the Stock is readily tradable on an
established securities market when the Optionee desires to transfer Shares, the Company shall have no Right of First Refusal, and
the Optionee shall have no obligation to comply with the procedures prescribed by this Section 8.


 


8.4 Permitted Transfers.
This Section 8 shall not apply to a transfer (i) by gift to a member of the Participant's immediate family or (ii) by transfer
by instrument to a trust providing that the Option is to be passed to beneficiaries upon death of the Settlor. For purposes of
this Section 8.4, "immediate family" shall mean the Optionee's spouse (including a former spouse subject to terms of
a domestic relations order); child, stepchild, grandchild, child-in-law; parent, stepparent, grandparent, parent-in-law; sibling
and sibling-in-law, and shall include adoptive relationships.


 


8.5 Termination of Rights
as Stockholder. If the Company makes available, at the time and place and in the amount and form provided in this Agreement, the
consideration for the Shares to be purchased in accordance with this Section 8, then after such time the person from whom such
Shares are to be purchased shall no longer have any rights as a holder of such Shares (other than the right to receive payment
of such consideration in accordance with this Agreement). Such Shares shall be deemed to have been purchased in accordance with
the applicable provisions hereof, whether or not the certificate(s) therefore have been delivered as required by this Agreement.


 


SECTION 9: OBLIGATION TO SELL.


 


Notwithstanding anything
herein to the contrary, if at any time following Optionee's acquisition of Shares hereunder, stockholders of the Company owning
51% or more of the shares of the Company (on a fully diluted basis) (the "Control Sellers") enter into an agreement (including
any agreement in principal) to transfer all of their shares to any person or group of persons who are not affiliated with the Control
Sellers, such Control Sellers may require each stockholder who is not a Control Seller (a "Non-Control Seller") to sell
all of their shares to such person or group of persons at a price and on terms and conditions the same as those on which such Control
Sellers have agreed to sell their shares, other than terms and conditions relating to the performance or non-performance of services.
For the purposes of the preceding sentence, an affiliate of a Control Seller is a person who controls, which is controlled by,
or which is under common control with, the Control Seller.





 




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SECTION 10: STOCKHOLDERS AGREEMENT


 


As a condition to the transfer
of Stock pursuant to this Stock Option Agreement, the Administrator, in its sole and absolute discretion, may require the Participant
to execute and become a party to any agreement by and among the Company and any of its stockholders which exists on or after the
Date of Grant (the "Stockholders Agreement"). If the Participant becomes a party to a Stockholders Agreement, in addition
to the terms of the Plan and this Stock Option Agreement, the terms and conditions of Stockholders Agreement shall govern Participant's
rights in and to the Stock; and if there is any conflict between the provisions of the Stockholders Agreement and the Plan or any
conflict between the provisions of the Stockholders Agreement and this Stock Option Agreement, the provisions of the Stockholders
Agreement shall be controlling. Notwithstanding anything to the contrary in this Section 10, if the Stockholders Agreement contains
any provisions which would violate Florida corporate law if applied to the Participant, the terms of the Plan and this Stock Option
Agreement shall govern the Participant's rights with respect to such provisions.


 


SECTION 11: LEGALITY OF INITIAL ISSUANCE


 


No Shares shall be issued
upon the exercise of this option unless and until the Company has determined that:


 


11.1 It and the Optionee
have taken any actions required to register the Shares, provided the Stock is publicly traded, under the Securities Act of 1933,
as amended (the "Securities Act"), or to perfect an exemption from the registration requirements thereof;


 


11.2 Any applicable listing
requirement of any stock exchange on which Stock is listed has been satisfied; and


 


11.3 Any other applicable
provision of state or federal law has been satisfied.


 


SECTION 12: NO REGISTRATION RIGHTS


 


The Company may, but shall
not be obligated to, register or qualify the sale of Shares under the Securities Act or any other applicable law. The Company shall
not be obligated to take any affirmative action in order to cause the sale of Shares under this Agreement to comply with any law.


 


SECTION 13: RESTRICTIONS ON TRANSFER


 


13.1 Securities Law Restrictions.
Regardless of whether the offering and sale of Shares under the Plan have been registered under the Securities Act or have been
registered or qualified under the securities laws of any state, the Company, at its discretion, may impose restrictions upon the
sale, pledge or other transfer of such Shares (including the placement of appropriate legends on stock certificates or the imposition
of stop-transfer instructions) if, in the judgment of the Company, such restrictions are necessary or desirable in order to achieve
compliance with the Securities Act, the securities laws of any state or any other law.


 


13.2 Market Stand-Off.
In the event of an underwritten public offering by the Company of its equity securities pursuant to an effective registration statement
filed under the Act, including the Company's initial public offering (a "Public Offering"), the Optionee shall not transfer
for value any shares of Stock without the prior written consent of the Company or its underwriters, for such period of time from
and after the effective date of such registration statement as may be requested by the Company or such underwriters (the "Market
Stand-Off"). The Market Stand-off shall be in




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effect for such period of time following the
date of the final prospectus for the offering as may be requested by the Company or such underwriters. In the event of the declaration
of a stock dividend, a spin-off, a stock split, an adjustment in conversion ratio, a recapitalization or a similar transaction
affecting the Company's outstanding securities without receipt of consideration, any new, substituted or additional securities
which are by reason of such transaction distributed with respect to any Shares subject to the Market Stand-Off, or into which such
Shares thereby become convertible, shall immediately be subject to the Market Stand-Off. In order to enforce the Market Stand-Off,
the Company may impose stop-transfer instructions with respect to the Shares acquired under this Agreement until the end of the
applicable stand-off period.


 


13.3 Investment Intent
at Grant. The Optionee represents and agrees that the Shares to be acquired upon exercising this option will be acquired for investment,
and not with a view to the sale or distribution thereof.


 


13.4 Investment Intent
at Exercise. In the event that the sale of Shares under the Plan is not registered under the Securities Act but an exemption is
available which requires an investment representation or other representation, the Optionee shall represent and agree at the time
of exercise that the Shares being acquired upon exercising this option are being acquired for investment, and not with a view to
the sale or distribution thereof, and shall make such other representations as are deemed necessary or appropriate by the Company
and its counsel.


 


13.5 Legends. All certificates
evidencing Shares purchased under this Agreement in an unregistered transaction shall bear the following legend (and such other
restrictive legends as are required or deemed advisable under the provisions of any applicable law):


 


"THE SHARES REPRESENTED HEREBY HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN
EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR AN OPINION OF COUNSEL, SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH
REGISTRATION IS NOT REQUIRED."


 


13.6 Removal of Legends.
If, in the opinion of the Company and its counsel, any legend placed on a stock certificate representing Shares sold under this
Agreement no longer is required, the holder of such certificate shall be entitled to exchange such certificate for a certificate
representing the same number of Shares but without such legend.


 


13.7 Administration. Any
determination by the Company and its counsel in connection with any of the matters set forth in this Section 13 shall be conclusive
and binding on the Optionee and all other persons.


 


SECTION 14: MISCELLANEOUS PROVISIONS


 


14.1 Rights as a Stockholder.
Neither the Optionee nor the Optionee's representative shall have any rights as a stockholder with respect to any Shares subject
to this option until the Optionee or the Optionee's representative becomes entitled to receive such Shares by filing a notice of
exercise and paying the Exercise Price pursuant to Section 4 and Section 5 hereof.


 


14.2 Adjustments. If there
is any change in the number of outstanding shares of Stock by reason of a stock split, reverse stock split, stock dividend, recapitalization,
combination or reclassification, then (i) the number of shares subject to this option and (ii) the Exercise Price of this option,
in effect prior to such change, shall be proportionately adjusted to reflect any increase




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or decrease in the number of issued shares
of Stock; provided, however, that any fractional shares resulting from the adjustment shall be eliminated.


 


14.3 No Retention Rights.
Nothing in this option or in the Plan shall confer upon the Optionee any right to continue in Service for any period of specific
duration or interfere with or otherwise restrict in any way the rights of the Company (or any Parent or Subsidiary employing or
retaining the Optionee) or of the Optionee, which rights are hereby expressly reserved by each, to terminate his or her Service
at any time and for any reason, with or without Cause.


 


14.4 Notice. Any notice
required by the terms of this Agreement shall be given in writing and shall be deemed effective upon personal delivery or upon
deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. Notice shall be
addressed the Optionee at the address set forth in the records of the Company. Notice shall be addressed to the Company at:


 


TPT GLOBAL TECH,
INC.


Attn: Stephen J. Thomas, III, CEO


501 West Broadway, Suite 800


San Diego, CA 92101


 


14.5 Entire Agreement.
The Notice of Stock Option Grant, this Agreement and the Plan constitute the entire contract between the parties hereto with regard
to the subject matter hereof. They supersede any other agreements, representations or understandings (whether oral or written and
whether express or implied) that relate to the subject matter hereof.


 


14.6 Choice of Law. THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF FLORIDA WITHOUT REGARD TO ITS CHOICE
OF LAWS PROVISIONS, AS FLORIDA LAWS ARE APPLIED TO CONTRACTS ENTERED INTO AND PERFORMED IN SUCH STATE.


 


14.7 Attorneys' Fees. In
the event that any action, suit or proceeding is instituted upon any breach of this Agreement, the prevailing party shall be paid
by the other party thereto an amount equal to all of the prevailing party's costs and expenses, including attorneys' fees incurred
in each and every such action, suit or proceeding (including any and all appeals or petitions therefrom). As used in this Agreement,
"attorneys' fees" shall mean the full and actual cost of any legal services actually performed in connection with the
matter involved calculated on the basis of the usual fee charged by the attorney performing such services and shall not be limited
to "reasonable attorneys' fees" as defined in any statute or rule of court.




    	10 



    	 



    

EXHIBIT A


TO


2017 TPT GLOBAL TECH, INC.


STOCK OPTION AND AWARD INCENTIVE PLAN:


STOCK OPTION AGREEMENT


ANNEX I


 


 


NOTICE OF EXERCISE


 


(To be signed only upon exercise of the Option)


 


TPT GLOBAL TECH,
INC.


Attn: Stephen J. Thomas, III, CEO


501 West Broadway, Suite 800


San Diego, CA 92101


 


The undersigned, the holder of the enclosed
Stock Option Agreement, hereby irrevocably elects to exercise the purchase rights represented by the Option and to purchase thereunder
__________* shares of Common Stock of TPT GLOBAL TECH, INC. (the "Company"), and herewith encloses payment of $_______
and/or _________ shares of the Company's common stock in full payment of the purchase price of such shares being purchased.


 


 


Dated:


 


------------------------------


 


NOTICE: YOUR STOCK MAY BE SUBJECT TO RESTRICTIONS
AND FORFEITABLE UNDER THE NOTICE OF STOCK OPTION GRANT AND STOCK OPTION AGREEMENT


 


(Signature must conform in all respects to
name of holder as specified on the face of the Option)


 


 


 


--------------------------------------------------------------


 


--------------------------------------------------------------


(Please Print Name)


 


 


--------------------------------------------------------------


 


--------------------------------------------------------------


(Address)


 


 


* Insert here the number of shares called for
on the face of the Option, or, in the case of a partial exercise, the number of shares being exercised, in either case without
making any adjustment for additional Common Stock of the Company, other securities or property that, pursuant to the adjustment
provisions of the Option, may be deliverable upon exercise.




    	11 



    	 



    

FORM OF RESOLUTIONS FOR OPTION GRANTS


 


 


RESOLUTIONS ADOPTED BY UNANIMOUS WRITTEN CONSENT


OF THE BOARD OF DIRECTORS OF


TPT GLOBAL TECH, INC.


 


As of ______________, 20__


 


The undersigned directors, constituting the
entire board of directors (the "Board") of TPT GLOBAL TECH, INC., a Florida Corporation (the "Company"), hereby
take the following actions, adopt the following resolutions, and transact the following business, by written consent without a
meeting, as of the date above written, pursuant to the applicable corporate laws of the State of Florida and the Company's Bylaws.


 


WHEREAS, the Company previously adopted the
2017 TPT GLOBAL TECH, INC. STOCK OPTION AND AWARD INCENTIVE PLAN (the "Plan"), and has delegated the responsibility to
administer the Plan to the Board;


 


WHEREAS, Twenty Million (20,000,000) shares
of Common Stock of the Company were originally reserved for issuance under the Plan;


 


WHEREAS, as of the date hereof, _____________
shares remain available for issuance under the Plan; and


 


WHEREAS, the Board has determined that it is
in the best interests of this Company and its stockholders to provide, under the Plan, equity incentives to those employees, directors
and/or consultants of the Company identified below.


 


NOW, THEREFORE, BE IT RESOLVED, that the persons
listed on the Exhibit A, which is attached hereto and incorporated herein by reference, which exhibit was reviewed by the Board
and shall be included with this Consent, are hereby granted, as of the date hereof, an option (the "Option") to purchase
the number of shares with the vesting schedule and exercise price as set forth in Exhibit A;


 


RESOLVED FURTHER, that each of the Options
shall be either a Non-Qualified Stock Option or an ISO (as such terms are defined in the Plan) as specified in Exhibit A;


 


RESOLVED FURTHER, that the Options shall be
evidenced by stock option agreements and be subject to the restrictions (including transfer and/or repurchase rights), if any,
set forth in such stock option agreements;


 


RESOLVED FURTHER, that the Options shall be
granted pursuant to the exemptions provided under Section 701 of the Securities Act Rules and Florida Securities Laws;


 


RESOLVED FURTHER, that there is hereby reserved
and set aside under the Plan the number of shares adequate to cover the shares underlying the Options granted herein; and


 


RESOLVED FURTHER, that the officers of this
Company, and each of them, be, and they hereby are, authorized, directed and empowered for and on behalf of the Company to do or
cause to be done all such acts and things and to sign, deliver and/or file all such documents and notices as any of such officers
may deem necessary or advisable in order to carry out and perform the foregoing resolutions and the intention thereof.


 




    	12 



    	 



    

The Secretary of the Corporation is directed
to file the original executed copy of this Consent with the minutes of proceedings of the Board.


 


IN WITNESS WHEREOF, each of the undersigned
has executed this consent as of the date first written above.


 


DIRECTORS:


 


	 	 	 
	Stephen J. Thomas, III, Chairman	 	Richard Eberhardt, Director
	 	 	 
	 	 	 


 


 


 




    	13 



    	 



    

EXHIBIT A


TO


FORM OF RESOLUTIONS FOR OPTION GRANTS


 


 


 


Stock Option Grant Information


 


	Name	No. Shares	ISO or NQSO	Exercise Price*	Vesting Schedule
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 


 


 


* In the case of an ISO, the per share exercise
price must be at least 100% of the Fair Market Value (as such term is defined in the Plan) of the underlying share as of the date
of grant. In the case of a NQSO, the per share exercise price must be at least 85% of the Fair Market Value of the underlying share
as of the date of grant.