EXHIBIT 4.02


 





NEXEON MEDSYSTEMS INC

2016 Omnibus Incentive Plan

Stock Option Award Agreement


Nexeon MedSystesm
Inc (the “Company”), pursuant to its 2016 Omnibus Incentive Plan (the “Plan”), hereby grants
an Option to purchase shares of the Company’s common stock to you, the Participant named below. The terms and conditions
of the Option Award are set forth in this Agreement, consisting of this cover page and the Option Terms and Conditions on the following
pages, and in the Plan document, a copy of which has been provided to you. Any capitalized term that is not defined in this Agreement
shall have the meaning set forth in the Plan as it currently exists or as it is amended in the future.


	Name of Participant:
	No. of Shares Covered:	Grant Date:              __________, 20__
	Exercise Price Per Share:     $_______________	Expiration Date:      __________, 20__
	Vesting and Exercise Schedule:
	Dates	
        Portion of Shares as to Which

        Option Becomes Vested and Exercisable

	 	 

                                                                                 

                                                                                 

                                                                                 

                                                                                 

                                                                                 

                                                                                 

                                                                                 



By signing below
or otherwise evidencing your acceptance of this Agreement in a manner approved by the Company, you agree to all of the terms and
conditions contained in this Agreement and in the Plan document. You acknowledge that you have received and reviewed these documents
and that they set forth the entire agreement between you and the Company regarding your right to purchase shares of the Company’s
common stock pursuant to this Option.


 


	PARTICIPANT:	 	NUVIANT MEDICAL INC
	 	 	 
	 	 	 
	 	 	 By:	
	Name:	 	 	 	William Rosellini,
CEO



 





 


 


[Incentive Stock Option Agreement Signature
Page] 


 



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NEXEON MEDSYSTEMS INC

2016 Omnibus Incentive Plan


Option Terms and Conditions


 


		1.	Incentive Stock Option. This Option is intended to be an “incentive stock option”
within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), and will
be interpreted accordingly. To the extent that, for any reason, the Option does not qualify as an incentive stock option under
Code Section 422, the Option will be treated as a non-statutory stock option, subject to the tax consequences applicable to such
options.



		2.	Vesting and Exercisability of Option.



(a)       Scheduled
Vesting. This Option will vest and become exercisable as to the number of Shares and on the dates specified in the Vesting
and Exercise Schedule on the cover page to this Agreement, so long as your Service to the Company does not end. The Vesting and
Exercise Schedule is cumulative, meaning that to the extent the Option has not already been exercised and has not expired or been
terminated or cancelled, you or the person otherwise entitled to exercise the Option as provided in this Agreement may at any
time purchase all or any portion of the Shares subject to the vested portion of the Option. 


(b)       Accelerated Vesting.
Notwithstanding Section 2(a), if and to the extent this Option is continued, assumed or replaced in connection with a Change in
Control, and if within one year after such Change in Control you experience an involuntary termination of Service for reasons
other than Cause, then this Option (or any replacement award) shall immediately vest and become exercisable in full and shall
remain exercisable for one year following your termination of Service. In addition, vesting and exercisability of this Option
may be accelerated during the term of the Option under the circumstances described in Sections 12(b) and 12(c) of the Plan, and
at the discretion of the Committee in accordance with Section 3(b)(2) of the Plan. 


		3.	Expiration. This Option will expire and will no longer be exercisable at 5:00 p.m.
Central Time on the earliest of:



		(a)	the expiration date specified on the cover page of this Agreement;



		(b)	upon your termination of Service for Cause;



		(c)	upon the expiration of any applicable period specified in Section 6(e) of the Plan or Section 2
of this Agreement during which this Option may be exercised after your termination of Service; or



		(d)	the date (if any) fixed for termination or cancellation of this Option pursuant to Section 12 of
the Plan.



		4.	Service Requirement. Except as otherwise provided in Section 6(e) of the Plan or
Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate,
and only if you have continuously provided such Service since the Grant Date of this Option.



		5.	Exercise of Option. Subject to Section 4, the vested and exercisable portion of this
Option may be exercised in whole or in part at any time during the Option term by delivering a written notice of exercise to the
Company’s Chief Financial Officer or to such other party as may be designated by such officer, and by providing for payment
of the exercise price of the Shares being acquired and any related withholding taxes. The notice of exercise must be in a form
approved by the Company and state the number of Shares to be purchased, the method of payment of the aggregate exercise price and
the directions for the delivery of the Shares to be acquired, and must be signed or otherwise authenticated by the person exercising
the Option. If you are not the person exercising the Option, the person submitting the notice also must submit appropriate proof
of his/her right to exercise the Option.




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		6.	Payment of Exercise Price. When you submit your notice of exercise, you must include
payment of the exercise price of the Shares being purchased through one or a combination of the following methods:



		(a)	cash (including personal check, cashier’s check or money order);



		(b)	by means of a broker-assisted cashless exercise in which you irrevocably instruct your broker to
deliver proceeds of a sale of all or a portion of the Shares to be issued pursuant to the exercise to the Company in payment of
the exercise price of such Shares; or



		(c)	by delivery to the Company of Shares (by actual delivery or attestation of ownership in a form
approved by the Company) already owned by you that are not subject to any security interest and that have an aggregate Fair Market
Value on the date of exercise equal to the exercise price of the Shares being purchased.



However, if the Committee
determines, in any given circumstance, that payment of the exercise price with Shares is undesirable for any reason, you will
not be permitted to pay any portion of the exercise price in that manner.


		7.	Tax Consequences. You hereby acknowledge that if any Shares received pursuant to
the exercise of any portion of this Option are sold within two years from the Grant Date or within one year from the effective
date of exercise of this Option, or if certain other requirements of the Code are not satisfied, such Shares will be deemed under
the Code not to have been acquired by you pursuant to an “incentive stock option” as defined in the Code. You agree
to promptly notify the Company if you sell any Shares received upon the exercise of this Option within the time periods specified
in the previous sentence. The Company shall not be liable to you if this Option for any reason is deemed not to be an “incentive
stock option” within the meaning of the Code.



		8.	Delivery of Shares. As soon as practicable after the Company receives the notice
of exercise and payment of the exercise price as provided above, and has determined that all other conditions to exercise, including
compliance with applicable laws as provided in Section 18(c) of the Plan, have been satisfied, it shall deliver to the person exercising
the Option, in the name of such person, the Shares being purchased, as evidenced by issuance of a stock certificate or certificates,
electronic delivery of such Shares to a brokerage account designated by such person, or book-entry registration of such Shares
with the Company’s transfer agent. The Company shall pay any original issue or transfer taxes with respect to the issue or
transfer of the Shares and all fees and expenses incurred by it in connection therewith. All Shares so issued shall be fully paid
and nonassessable.



		9.	Transfer of Option. During your lifetime, only you (or your guardian or legal representative
in the event of legal incapacity) may exercise this Option. You may not assign or transfer this Option except for a transfer upon
your death in accordance with your will, by the laws of descent and distribution or pursuant to a beneficiary designation submitted
in accordance with Section 6(d) of the Plan. The Option held by any such transferee will continue to be subject to the same terms
and conditions that were applicable to the Option immediately prior to its transfer and may be exercised by such transferee as
and to the extent that the Option has become exercisable and has not terminated in accordance with the provisions of the Plan and
this Agreement.



		10.	No Stockholder Rights Before Exercise. Neither you nor any permitted transferee of
this Option will have any of the rights of a stockholder of the Company with respect to any Shares subject to this Option until
a certificate evidencing such Shares has been issued, electronic delivery of such Shares has been made to your designated brokerage
account, or an appropriate book entry in the Company’s stock register has been made. No adjustments shall be made for dividends
or other rights if the applicable record date occurs before your stock certificate has been issued, electronic delivery of your
Shares has been made to your designated brokerage account, or an appropriate book entry in the Company's stock register has been
made, except as otherwise described in the Plan.




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		11.	Governing Plan Document. This Agreement and Option are subject to all the provisions
of the Plan, and to all interpretations, rules and regulations which may, from time to time, be adopted and promulgated by the
Committee pursuant to the Plan. If there is any conflict between the provisions of this Agreement and the Plan, the provisions
of the Plan will govern.



		12.	Choice of Law. This Agreement will be interpreted and enforced under the laws of
the state of Nevada (without regard to its conflicts or choice of law principles).



		13.	Binding Effect. This Agreement will be binding in all respects on your heirs, representatives,
successors and assigns, and on the successors and assigns of the Company.



		14.	Other Agreements. You agree that in connection with the exercise of this Option,
you will execute such documents as may be necessary to become a party to any stockholder, voting or similar agreements as the Company
may require.



		15.	Restrictive Legends. The Company may place a legend or legends on any certificate
representing Shares issued upon the exercise of this Option summarizing transfer and other restrictions to which the Shares may
be subject under applicable securities laws, other provisions of this Agreement, or other agreements contemplated by Section 14
of this Agreement. You agree that in order to ensure compliance with the restrictions referred to in this Agreement, the Company
may issue appropriate “stop transfer” instructions to its transfer agent.



		16.	Compensation Recovery Policy. To the extent that any compensation paid or payable
pursuant to this Agreement is considered “incentive-based compensation” within the meaning and subject to the requirements
of Section 10D of the Exchange Act, such compensation shall be subject to potential forfeiture or recovery by the Company in accordance
with any compensation recovery policy adopted by the Board of Directors of the Company or any committee thereof in response to
the requirements of Section 10D of the Exchange Act and any implementing rules and regulations thereunder adopted by the Securities
and Exchange Commission or any national securities exchange on which the Company’s common stock is then listed. This Agreement
may be unilaterally amended by the Company to comply with any such compensation recovery policy. 



		17.	Electronic Delivery and Acceptance. The Company may deliver any documents related
to this Option Award by electronic means and request your acceptance of this Agreement by electronic means. You hereby consent
to receive all applicable documentation by electronic delivery and to participate in the Plan through an on-line (and/or voice
activated) system established and maintained by the Company or the Company’s third-party stock plan administrator.



 


By signing the cover page of this Agreement or otherwise
accepting this Agreement in a manner approved by the Company, you agree to all the terms and conditions described above and in
the Plan document.






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