Document:

Exhibit

Exhibit 10.29

FORM OF RESTRICTED STOCK AWARD AGREEMENT 
PURSUANT TO THE
EMPLOYEE AND DIRECTOR
INCENTIVE RESTRICTED SHARE PLAN OF 
AMERICAN FINANCE TRUST, INC. 

THIS AGREEMENT (this “Agreement”) is made as of [   ] (the “Grant Date”), by and between American Finance Trust, Inc., a Maryland corporation with its principal office at 405 Park Avenue, New York, New York 10022 (the “Company”), and [   ] (the “Participant”).  

WHEREAS, the Board of Directors of the Company (the “Board”) adopted the Amended and Restated Employee and Director Incentive Restricted Share Plan of American Finance Trust, Inc. (approved by the Board on April 29, 2015, as may be amended from time to time, the “Plan”);

WHEREAS, the Plan provides that the Company, through the Board, has the ability to grant awards of restricted shares to directors, officers, employees of entities that provide services to the Company, directors of entities that provide services to the Company and certain consultants or entities that provide services to the Company;
WHEREAS, the independent directors of the Board authorized, and the Company issued, shares of restricted stock to non-executive directors and independent directors of the Company in respect of [   ] director compensation, as previously approved by the Board on [   ];
WHEREAS, subject to the terms and conditions of this Agreement and the Plan, the Board has determined that Participant, in respect of his or her [   ] director compensation, shall be awarded Restricted Shares in the amount set forth below.
NOW, THEREFORE, the Company and the Participant agree as follows:
1.     Sale of Shares.  Subject to the terms, conditions and restrictions of the Plan and this Agreement, the Company hereby awards to the Participant [   ] restricted shares of common stock of the Company (the “Restricted Shares”) issued by the Company at a grant price of $[   ] per share and the Participant is receiving the Restricted Shares on the same terms as were approved by the independent directors of the Board on [   ]; and, accordingly, the Participant shall be entitled to all rights of a holder of shares of common stock of the Company set forth in Section 3 hereof as of the Grant Date.  To the extent required by Applicable Law, the Participant shall pay the Company the par value ($.01) for each Restricted Share awarded to the Participant simultaneously with the execution of this Agreement in cash or cash equivalents payable to the order of the Company.  Pursuant to the Plan and Section 2 of this Agreement, the Restricted Shares are subject to certain restrictions, which restrictions shall expire in accordance with the provisions of the Plan and Section 2 hereof.
2.     Vesting.  Subject to the terms of the Plan and this Agreement, the Restricted Shares shall vest as follows:
(a)   the Restricted Shares shall vest (i) twenty percent (20%) on the first anniversary of [   ] (the “Vesting Date”), (ii) twenty percent (20%) on the second anniversary of the Vesting Date, (iii) twenty percent (20%) on the third anniversary of the Vesting Date, (iv) twenty percent (20%) on the fourth anniversary of the Vesting Date and (v) twenty percent (20%) on the fifth anniversary of the Vesting Date; provided, in each case, that the Participant has not incurred a termination of his or her position as a director prior to such date. 

(b)   One hundred percent (100%) of any unvested Restricted Shares shall automatically vest upon the occurrence of an Acceleration Event (as defined below). For purposes of this Agreement, an “Acceleration Event” shall mean the first to occur of any of the following: (i) a Change in Control (as defined below); or (ii) the Participant incurs a termination of his or her position as a director of the Company that is a Without Cause Termination (as such term is defined below); provided, that, in the case of the Acceleration Events described in clause (i) above, the Participant has not occurred the termination described in clause (ii) above.
(c)   (i) As a result of the Participant’s voluntary resignation or (ii) if the Participant fails to be re-elected to the Board following his or her nomination by the Board for re-election, any unvested Restricted Shares that are due to vest in the year in which the Participant voluntarily resigns or fails to be re-elected to the Board, as applicable, shall automatically vest. Any unvested Restricted Shares due to vest in years subsequent to the year in which the Participant voluntarily resigns or fails to be re-elected to the Board, as applicable, shall be forfeited in accordance with Section 3 below.
(d)   For purposes of this Agreement, “Change in Control” means: (i) any “person” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than the Company, any trustee or other fiduciary holding securities under any employee benefit plan of the Company or any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportion as their ownership of stock of the Company), is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50.1% or more of the combined voting power of the Company’s then outstanding voting securities; (ii) the stockholders of the Company approve a merger or consolidation of the Company with any other entity or approve the issuance of voting securities in connection with a merger or consolidation of the Company (or any direct or indirect subsidiary thereof) pursuant to applicable exchange requirements, other than (A) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or parent entity) at least 50.1% of the combined voting power of the voting securities of the Company or such surviving or parent entity outstanding immediately after such merger or consolidation or (B) a merger or consolidation effected to implement a recapitalization of the Company (or similar transaction) in which no “person” (as defined above) is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing 50% or more of either of the then outstanding shares of Common Stock or the combined voting power of the Company’s then outstanding voting securities; or (iii) the consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets (or any transaction or series of transactions within a period of twelve (12) months ending on the date of the last sale or disposition having a similar effect).
(e)   For purposes of this Agreement, (i) a “Without Cause Termination” shall mean a termination of the Participant’s directorship other than for Cause (as defined below) or as a result of the Participant’s death or disability; and (ii) “Cause” shall mean (x) the Participant’s willful misconduct or gross negligence in the performance of his or her duties as a director of the Company that is not cured by the Participant within thirty (30) days after his or her receipt of written notice from the Company or an affiliate thereof (as applicable) or (y) the Participant’s conviction of, or plea of guilty or nolo contendere to, a crime relating to the Company or any affiliate thereof or any felony.
(f)   There shall be no proportionate or partial vesting in the periods prior to the applicable vesting dates.
3.     Forfeiture.  If a Participant incurs a termination of his or her directorship for any reason other than a Without Cause Termination, the Participant shall automatically forfeit any unvested Restricted Shares and the Company shall acquire such unvested Restricted Shares for the amount paid by the Participant for such Restricted Shares (or, if no amount was paid by the Participant for such Restricted Shares, then the Company shall acquire such Restricted Shares for no consideration).

4.     Rights as a Holder of Restricted Shares.  From and after the Grant Date, the Participant shall have, with respect to the Restricted Shares, all of the rights of a holder of shares of common stock of the Company, including, without limitation, the right to vote the shares, to receive and retain all regular cash dividends payable to holders of shares of record on and after the Grant Date (although such dividends will be treated, to the extent required by applicable law, as additional compensation for tax purposes), and to exercise all other rights, powers and privileges of a holder of shares with respect to the Restricted Shares; provided, that, to the extent the Company issues a dividend in the form of shares or other property, such shares or other property shall be subject to the same restrictions that are then applicable to the Restricted Shares under the Plan and this Agreement and such restrictions shall expire at the same time as the restrictions on the Restricted Shares expire.  Participant shall not be required to repay any dividends received with respect to Restricted Shares that are subsequently forfeited prior to vesting.  
5.     Taxes; Section 83(b) Election.  The Participant acknowledges that (i) no later than the date on which any Restricted Shares shall have become vested, the Participant shall pay to the Service Provider, or make arrangements satisfactory to the Service Provider regarding payment of, any Federal, state or local or other taxes of any kind required by law to be withheld with respect to any Restricted Shares which shall have become so vested; (ii) the Service Provider shall, to the extent permitted by law, have the right to deduct from any payment of any kind otherwise due to the Participant any Federal, state or local or other taxes of any kind required by law to be withheld with respect to any Restricted Shares which shall have become so vested, including that the Service Provider may, but shall not be required to, sell a number of Restricted Shares sufficient to cover applicable withholding taxes; and (iii) in the event that the Participant does not satisfy (i) above on a timely basis, the Service Provider may, but shall not be required to, pay such required withholding and, to the extent permitted by Applicable Law, treat such amount as a demand loan to the Participant at the maximum rate permitted by law, with such loan, at the Service Provider’s sole discretion and provided the Service Provider so notifies the Participant within thirty (30) days of the making of the loan, secured by the Restricted Shares and any failure by the Participant to pay the loan upon demand shall entitle the Service Provider to all of the rights at law of a creditor secured by the Restricted Shares.  The Service Provider may hold as security any certificates representing any Restricted Shares and, upon demand of the Service Provider, the Participant shall deliver to the Service Provider any certificates in his or her possession representing the Restricted Shares together with a stock power duly endorsed in blank.  The Participant also acknowledges that it is his or her sole responsibility, and not the Company’s or the Service Provider’s, to file timely and properly any election under Section 83(b) of the Code, and any corresponding provisions of state tax laws, if the Participant wishes to utilize such election.
6.     No Obligation to Continue Directorship.    Neither the execution of this Agreement nor the issuance of the Restricted Shares hereunder constitute an agreement by the Company to continue to engage the Participant as a director during the entire, or any portion of, the term of this Agreement, including but not limited to any period during which any Restricted Shares are outstanding.
7.     Legend.  In the event that a certificate evidencing the Restricted Shares is issued, the certificate representing the Restricted Shares shall have endorsed thereon the following legends:
(a)   “THE ANTICIPATION, ALIENATION, ATTACHMENT, SALE, TRANSFER, ASSIGNMENT, PLEDGE, ENCUMBRANCE OR CHARGE OF THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE) OF THE AMENDED AND RESTATED EMPLOYEE AND DIRECTOR INCENTIVE RESTRICTED SHARE PLAN OF AMERICAN FINANCE TRUST, INC. (THE “COMPANY”) (APPROVED BY THE BOARD ON APRIL 29, 2016) (AS SUCH PLAN MAY BE AMENDED FROM TIME TO TIME, THE “PLAN”) AND AN AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND THE COMPANY DATED AS OF [   ].  COPIES OF SUCH PLAN AND AGREEMENT ARE ON FILE AT THE PRINCIPAL OFFICE OF THE COMPANY.”
(b)   Any legend required to be placed thereon by applicable blue sky laws of any state. Notwithstanding the foregoing, in no event shall the Company be obligated to issue a certificate representing the Restricted Shares prior to vesting as set forth in Section 2 hereof.

8.     Power of Attorney.  The Company, its successors and assigns, is hereby appointed the attorney-in-fact, with full power of substitution, of the Participant for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instruments which such attorney-in-fact may deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable and coupled with an interest.  The Company, as attorney-in-fact for the Participant, may in the name and stead of the Participant, make and execute all conveyances, assignments and transfers of the Restricted Shares provided for herein, and the Participant hereby ratifies and confirms that which the Company, as said attorney-in-fact, shall do by virtue hereof.  Nevertheless, the Participant shall, if so requested by the Company, execute and deliver to the Company all such instruments as may, in the judgment of the Company, be advisable for this purpose.
9.     Miscellaneous.
(a)   
    This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective heirs, personal legal representatives, successors, trustees, administrators, distributees, devisees and legatees.  The Company may assign to, and require, any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree in writing to perform this Agreement.  Notwithstanding the foregoing, the Participant may not assign this Agreement or any of the Participant’s rights, interests or obligations hereunder. 
(b)   This award of Restricted Shares shall not affect in any way the right or power of the Board or stockholders of the Company to make or authorize an adjustment, recapitalization or other change in the capital structure or the business of the Company, any merger or consolidation of the Company or subsidiaries, any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Restricted Shares, the dissolution or liquidation of the Company, any sale or transfer of all or part of its assets or business or any other corporate act or proceeding.
(c)   The Participant agrees that the award of the Restricted Shares hereunder is special incentive compensation and that it, any dividends paid thereon (even if treated as compensation for tax purposes) will not be taken into account as “salary” or “compensation” or “bonus” in determining the amount of any payment under any pension, retirement or profit-sharing plan of the Service Provider or any life insurance, disability or other benefit plan of the Service Provider.
(d)   No modification or waiver of any of the provisions of this Agreement shall be effective unless in writing and signed by the party against whom it is sought to be enforced.
(e)   This Agreement may be executed in one or more counterparts, all of which taken together shall constitute one contract.
(f)   The failure of any party hereto at any time to require performance by another party of any provision of this Agreement shall not affect the right of such party to require performance of that provision, and any waiver by any party of any breach of any provision of this Agreement shall not be construed as a waiver of any continuing or succeeding breach of such provision, a waiver of the provision itself, or a waiver of any right under this Agreement.
(g)   The headings of the sections of this Agreement have been inserted for convenience of reference only and shall in no way restrict or modify any of the terms or provisions hereof.
(h)   All notices, consents, requests, approvals, instructions and other communications provided for herein shall be in writing and validly given or made when delivered, or on the second succeeding business day after being mailed by registered or certified mail, whichever is earlier, to the persons entitled or required to receive the same, at the addresses set forth at the heading of this Agreement or to such other address as either party may designate by like notice.  Notices to the Company shall be addressed to American Finance Trust, Inc. at 405 Park Avenue, New York, New York 10022, Attn: Chief Financial Officer.

(i)   This Agreement shall be construed, interpreted and governed and the legal relationships of the parties determined in accordance with the internal laws of the State of Maryland without reference to rules relating to conflicts of law.
10.     Provisions of Plan Control.  This Agreement is subject to all the terms, conditions and provisions of the Plan, including, without limitation, the amendment provisions thereof, and to such rules, regulations and interpretations relating to the Plan as may be adopted thereunder and as may be in effect from time to time.  The Plan is incorporated herein by reference.  A copy of the Plan has been delivered to the Participant.  If and to the extent that this Agreement conflicts or is inconsistent with the terms, conditions and provisions of the Plan, the Plan shall control, and this Agreement shall be deemed to be modified accordingly.  Unless otherwise indicated, any capitalized term used but not defined herein shall have the meaning ascribed to such term in the Plan.  This Agreement contains the entire understanding of the parties with respect to the subject matter hereof (other than any other documents expressly contemplated herein or in the Plan) and supersedes any prior agreements between the Company and the Participant.
[signature page(s) follow]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

AMERICAN FINANCE TRUST, INC.
            
By:         ______________________________
Name:         
    Title:        

       

Participant 

_______________________________
(Signature)Exhibit 10.2

 

FORM OF NONQUALIFIED STOCK OPTION AGREEMENT

 

SNAP INTERACTIVE, INC.

2016 LONG-TERM INCENTIVE
PLAN

 

1.Grant of Option.
Pursuant to the Snap Interactive, Inc. 2016 Long-Term Incentive Plan (the “Plan”) for Employees, Contractors,
and Outside Directors of Snap Interactive, Inc., a Delaware corporation (the “Company”), the Company
grants to

 

_________________________

(the “Participant”),

 

an option (the “Option”
or “Stock Option”) to purchase a total of ___________________ (__________) full shares of Common Stock
of the Company (the “Optioned Shares”) at an “Option Price” equal to $________
per share (which is equal to the Fair Market Value per share of Common Stock on the Date of Grant).

 

The “Date of
Grant” of this Stock Option is _________________, 20__. The “Option Period” shall commence
on the Date of Grant and shall expire on the date immediately preceding the tenth (10th) anniversary of the Date of
Grant, unless terminated earlier in accordance with Section 4 below. The Stock Option is a Nonqualified Stock Option. This
Stock Option is intended to comply with the provisions governing nonqualified stock options under the final Treasury Regulations
issued on April 17, 2007, in order to exempt this Stock Option from application of Section 409A of the Code.

 

2.Subject to Plan.
The Stock Option and its exercise are subject to the terms and conditions of the Plan, and the terms of the Plan shall control
to the extent not otherwise inconsistent with the provisions of this Nonqualified Stock Option Agreement (the “Agreement”).
The capitalized terms used herein that are defined in the Plan shall have the same meanings assigned to them in the Plan. The Stock
Option is subject to any rules promulgated pursuant to the Plan by the Board or the Committee and communicated to the Participant
in writing.

 

3.Vesting; Time of
Exercise. Except as specifically provided in this Agreement and subject to certain restrictions and conditions set forth in
the Plan, the Optioned Shares shall be vested and the Stock Option shall be exercisable as follows:

 

a._______________________
of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on __________________, provided
the Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to) the Company
or a Subsidiary on that date.

 

b._______________________
of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on __________________, provided
the Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to) the Company
or a Subsidiary on that date.

 

c._______________________
of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on __________________, provided
the Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to) the Company
or a Subsidiary on that date.

 

     

     

    

 

d._______________________
of the total Optioned Shares shall vest and that portion of the Stock Option shall become exercisable on __________________, provided
the Participant is employed by (or, if the Participant is a Contractor or an Outside Director, is providing services to) the Company
or a Subsidiary on that date.

 

Notwithstanding the foregoing,
upon a Change in Control, (i) fifty percent (50%) of the then-unvested Optioned Shares immediately shall vest on the date of the
Change in Control; and (ii) the remaining fifty percent (50%) of the unvested Optioned Shares shall vest on the earlier of (A)
the original date such Optioned Shares would have vested under Sections 3.a.-[d.] above, or (B) equally on the first and second
anniversary of the effective date of the Change in Control.

 

4.Term; Forfeiture.

 

a.Except as
otherwise provided in this Agreement, to the extent the unexercised portion of the Stock Option relates to Optioned Shares which
are not vested on the date of the Participant’s Termination of Service, the Stock Option will be terminated on that date.
The unexercised portion of the Stock Option that relates to Optioned Shares which are vested will terminate at the first of the
following to occur:

 

i.5 p.m. on
the date the Option Period terminates;

 

ii.immediately
upon the Participant’s Termination of Service by the Company for Cause (as defined herein);

 

iii.5 p.m.
on the date the Company causes any portion of the Stock Option to be forfeited pursuant to Section 7 hereof; or

 

iv.immediately
upon the Participant’s violation of any non-compete or non-solicitation agreement entered into between the Company and the
Participant.

 

b.For purposes
hereof, “Cause” shall have the meaning set forth in the employment agreement or other service agreement
by and between the Company and the Participant; provided, that, if no such agreement is in effect or such agreement does not define
such term, then “Cause” shall mean (i) acts of fraud or dishonesty in the course of employment or service, (ii) violations
of law causing material harm to the Company, (iii) substance abuse causing harm to the Company or impairing performance, (iv) conviction
of a felony involving moral turpitude, or (v) insubordination, dereliction of duties, habitual absenteeism, or material failure
to follow reasonable Company instructions after (solely in the case of this clause (v)) notice to the Participant and the Participant’s
failure to correct same within the time period specified in the notice, which time period shall be not less than ten (10) business
days.

  

5.Who May Exercise.
Subject to the terms and conditions set forth in Sections 3 and 4 above, during the lifetime of the Participant, the Stock
Option may be exercised only by the Participant, or by the Participant’s guardian or personal or legal representative. If
the Participant’s Termination of Service is due to his or her death prior to the dates specified in Section 4.a. hereof,
and the Participant has not exercised the Stock Option as to the maximum number of vested Optioned Shares as set forth in Section 3
hereof as of the date of death, the following persons may exercise the exercisable portion of the Stock Option on behalf of the
Participant at any time prior to the earliest of the dates specified in Section 4.a. hereof: the personal representative
of his or her estate, or the person who acquired the right to exercise the Stock Option by bequest or inheritance or by reason
of the death of the Participant; provided that the Stock Option shall remain subject to the other terms of this Agreement, the
Plan, and Applicable Laws, rules, and regulations.

 

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6.No Fractional Shares.
The Stock Option may be exercised only with respect to full shares, and no fractional share of stock shall be issued.

 

7.Manner of Exercise.
Subject to such administrative regulations as the Committee may from time to time adopt, the Stock Option may be exercised by the
delivery of written notice to the Committee setting forth the number of shares of Common Stock with respect to which the Stock
Option is to be exercised (the “Exercise Notice”) and the date of exercise thereof (the “Exercise
Date”) which shall be the date that the Participant has delivered both the Exercise Notice and consideration to the
Company with a value equal to the total Option Price of the shares to be purchased (plus any employment tax withholding or other
tax payment due with respect to the exercise of the Stock Option). On the Exercise Date, the Participant shall deliver to the Company
consideration with a value equal to the total Option Price of the shares to be purchased, payable as follows: (a) cash, check,
bank draft, or money order payable to the order of the Company, (b) if the Company, in its sole discretion, so consents in writing,
Common Stock (including Restricted Stock) owned by the Participant on the Exercise Date, valued at its Fair Market Value on the
Exercise Date, and which the Participant has not acquired from the Company within six (6) months prior to the Exercise Date, (c)
if the Company, in its sole discretion, so consents in writing, by delivery (including by FAX or electronic transmission) to the
Company or its designated agent of an executed irrevocable option exercise form (or, to the extent permitted by the Company, exercise
instructions, which may be communicated in writing, telephonically, or electronically) together with irrevocable instructions from
the Participant to a broker or dealer, reasonably acceptable to the Company, to sell certain of the shares of Common Stock purchased
upon exercise of the Stock Option or to pledge such shares as collateral for a loan and promptly deliver to the Company the amount
of sale or loan proceeds necessary to pay such purchase price, and/or (d) in any other form of valid consideration that is acceptable
to the Committee in its sole discretion. In the event that shares of Restricted Stock are tendered as consideration for the exercise
of a Stock Option, a number of shares of Common Stock issued upon the exercise of the Stock Option equal to the number of shares
of Restricted Stock used as consideration therefor shall be subject to the same restrictions and provisions as the Restricted Stock
so tendered. If the Participant fails to deliver the consideration described above within three (3) business days of the date of
the Exercise Notice, then the Exercise Notice shall be null and void and the Company will have no obligation to deliver any shares
of Common Stock to the Participant in connection with such Exercise Notice.

 

Upon payment of all amounts
due from the Participant, the Company shall cause certificates for the Common Stock then being purchased to be delivered as directed
by the Participant (or the person exercising the Participant’s Stock Option in the event of his or her death) at its principal
business office promptly after the Exercise Date. The obligation of the Company to deliver shares of Common Stock shall, however,
be subject to the condition that, if at any time the Committee shall determine in its discretion that the listing, registration,
or qualification of the Stock Option or the Common Stock upon any securities exchange or inter-dealer quotation system or under
any state or federal law, or the consent or approval of any governmental regulatory body, is necessary as a condition of, or in
connection with, the Stock Option or the issuance or purchase of shares of Common Stock thereunder, the Stock Option may not be
exercised in whole or in part unless such listing, registration, qualification, consent, or approval shall have been effected or
obtained free of any conditions not reasonably acceptable to the Committee.

 

If the Participant fails
to pay for any of the Common Stock specified in such notice or fails to accept delivery thereof, that portion of the Participant’s
Stock Option and right to purchase such Common Stock may be forfeited by the Participant.

 

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8.Nonassignability.
The Stock Option is not assignable or transferable by the Participant except by will or by the laws of descent and distribution.

 

9.Rights as Stockholder.
The Participant will have no rights as a stockholder with respect to any of the Optioned Shares until the issuance of a
certificate or certificates to the Participant for the shares of Common Stock. The Optioned Shares shall be subject to the terms
and conditions of this Agreement. Except as otherwise provided in Section 10 hereof, no adjustment shall be made for
dividends or other rights for which the record date is prior to the issuance of such certificate or certificates. The Participant,
by his or her execution of this Agreement, agrees to execute any documents requested by the Company in connection with the issuance
of a certificate or certificates for the shares of Common Stock.

 

10.Adjustment of
Number of Optioned Shares and Related Matters. The number of shares of Common Stock covered by the Stock Option, and the Option
Prices thereof, shall be subject to adjustment in accordance with Articles 11 - 13 of the Plan.

 

11.Nonqualified Stock
Option. The Stock Option shall not be treated as an Incentive Stock Option.

 

12.Voting. The
Participant, as record holder of some or all of the Optioned Shares following exercise of this Stock Option, has the exclusive
right to vote, or consent with respect to, such Optioned Shares until such time as the Optioned Shares are transferred in accordance
with this Agreement; provided, however, that this Section shall not create any voting right where the holders of
such Optioned Shares otherwise have no such right.

 

13.Specific Performance.
The parties acknowledge that remedies at law will be inadequate remedies for breach of this Agreement and consequently agree that
this Agreement shall be enforceable by specific performance. The remedy of specific performance shall be cumulative of all of the
rights and remedies at law or in equity of the parties under this Agreement.

 

14.Participant’s
Representations. Notwithstanding any of the provisions hereof, the Participant hereby agrees that he or she will not exercise
the Stock Option granted hereby, and that the Company will not be obligated to issue any shares to the Participant hereunder, if
the exercise thereof or the issuance of such shares shall constitute a violation by the Participant or the Company of any provision
of any law or regulation of any governmental authority. Any determination in this connection by the Company shall be final, binding,
and conclusive. The obligations of the Company and the rights of the Participant are subject to all Applicable Laws, rules, and
regulations.

 

15.Investment Representation.
Unless the shares of Common Stock are issued to the Participant in a transaction registered under applicable federal and state
securities laws, by his or her execution hereof, the Participant represents and warrants to the Company that all Common Stock which
may be purchased hereunder will be acquired by the Participant for investment purposes for his or her own account and not with
any intent for resale or distribution in violation of federal or state securities laws. Unless the Common Stock is issued to him
or her in a transaction registered under the applicable federal and state securities laws, all certificates issued with respect
to the Common Stock shall bear an appropriate restrictive investment legend and shall be held indefinitely, unless they are subsequently
registered under the applicable federal and state securities laws or the Participant obtains an opinion of counsel, in form and
substance satisfactory to the Company and its counsel, that such registration is not required.

 

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16.Participant’s
Acknowledgments. The Participant acknowledges that a copy of the Plan has been made available for his or her review by the
Company, and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Stock Option
subject to all the terms and provisions thereof. The Participant hereby agrees to accept as binding, conclusive, and final all
decisions or interpretations of the Committee or the Board, as appropriate, upon any questions arising under the Plan or this Agreement.

 

17.Law Governing.
This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Delaware (excluding any
conflict of laws rule or principle of Delaware law that might refer the governance, construction, or interpretation of this Agreement
to the laws of another state).

 

18.No Right to Continue
Service or Employment. Nothing herein shall be construed to confer upon the Participant the right to continue in the employ
or to provide services to the Company or any Subsidiary, whether as an Employee or as a Contractor or as an Outside Director, or
interfere with or restrict in any way the right of the Company or any Subsidiary to discharge the Participant as an Employee, Contractor
or Outside Director at any time.

 

19.Legal Construction.
In the event that any one or more of the terms, provisions, or agreements that are contained in this Agreement shall be held by
a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect for any reason, the invalid, illegal,
or unenforceable term, provision, or agreement shall not affect any other term, provision, or agreement that is contained in this
Agreement and this Agreement shall be construed in all respects as if the invalid, illegal, or unenforceable term, provision, or
agreement had never been contained herein.

 

20.Covenants and
Agreements as Independent Agreements. Each of the covenants and agreements that is set forth in this Agreement shall be construed
as a covenant and agreement independent of any other provision of this Agreement. The existence of any claim or cause of action
of the Participant against the Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the
enforcement by the Company of the covenants and agreements that are set forth in this Agreement.

 

21.Entire Agreement.
This Agreement together with the Plan supersede any and all other prior understandings and agreements, either oral or in writing,
between the parties with respect to the subject matter hereof and constitute the sole and only agreements between the parties with
respect to the said subject matter. All prior negotiations and agreements between the parties with respect to the subject matter
hereof are merged into this Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises,
or agreements, orally or otherwise, have been made by any party or by anyone acting on behalf of any party, which are not embodied
in this Agreement or the Plan and that any agreement, statement or promise that is not contained in this Agreement or the Plan
shall not be valid or binding or of any force or effect.

 

22.Parties Bound.
The terms, provisions, and agreements that are contained in this Agreement shall apply to, be binding upon, and inure to the benefit
of the parties and their respective heirs, executors, administrators, legal representatives, and permitted successors and assigns,
subject to the limitation on assignment expressly set forth herein.

 

23.Modification.
No change or modification of this Agreement shall be valid or binding upon the parties unless the change or modification is in
writing and signed by the parties; provided, however, that the Company may change or modify this Agreement without the Participant’s
consent or signature if the Company determines, in its sole discretion, that such change or modification is necessary for purposes
of compliance with or exemption from the requirements of Section 409A of the Code or any regulations or other guidance issued thereunder.
Notwithstanding the preceding sentence, the Company may amend the Plan to the extent permitted by the Plan.

 

    5

     

    

 

24.Headings.
The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive
matters to be considered in construing the terms and provisions of this Agreement.

 

25.Gender and Number.
Words of any gender used in this Agreement shall be held and construed to include any other gender, and words in the singular number
shall be held to include the plural, and vice versa, unless the context requires otherwise.

 

26.Notice. Any
notice required or permitted to be delivered hereunder shall be deemed to be delivered only when actually received by the Company
or by the Participant, as the case may be, at the addresses set forth below, or at such other addresses as they have theretofore
specified by written notice delivered in accordance herewith:

 

a.Notice to
the Company shall be addressed and delivered as follows:

 

Snap Interactive, Inc.

320 W 37th Street, 13th
Floor

New York, NY 10018

Attn:                                                              

Facsimile:                                                      

 

b.Notice to
the Participant shall be addressed and delivered as set forth on the signature page.

 

27.Tax Requirements.
The Participant is hereby advised to consult immediately with his or her own tax advisor regarding the tax consequences of this
Agreement. The Company or, if applicable, any Subsidiary (for purposes of this Section 27, the term “Company”
shall be deemed to include any applicable Subsidiary), shall have the right to deduct from all amounts paid in cash or other form
in connection with the Plan, any Federal, state, local, or other taxes required by law to be withheld in connection with this Award.
The Company may, in its sole discretion, also require the Participant receiving shares of Common Stock issued under the Plan to
pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant’s income
arising with respect to this Award. Such payments shall be required to be made when requested by the Company and may be required
to be made prior to the delivery of any certificate representing shares of Common Stock. Such payment may be made (i) by the delivery
of cash to the Company in an amount that equals or exceeds (to avoid the issuance of fractional shares under (iii) below) the required
tax withholding obligations of the Company; (ii) if the Company, in its sole discretion, so consents in writing, the actual delivery
by the exercising Participant to the Company of shares of Common Stock that the Participant has not acquired from the Company within
six (6) months prior to the date of exercise, which shares so delivered have an aggregate Fair Market Value that equals or exceeds
(to avoid the issuance of fractional shares under (iii) below) the required tax withholding payment; (iii) if the Company, in its
sole discretion, so consents in writing, the Company’s withholding of a number of shares to be delivered upon the exercise
of the Stock Option, which shares so withheld have an aggregate Fair Market Value that equals (but does not exceed) the required
tax withholding payment; (iv) if the Company, in its sole discretion, so consents in writing, arrange for the sale of a number
of shares to be delivered upon the exercise of the Stock Option (on the Participant’s behalf and at his or her direction
pursuant to a written authorization) with an aggregate Fair Market Value that equals (but does not exceed) the required tax withholding
payment; or (v) any combination of (i), (ii), (iii), or (iv). The Company may, in its sole discretion, withhold any such taxes
from any other cash remuneration otherwise paid by the Company to the Participant.

 

* * * * * * * *

 

[Remainder of Page Intentionally Left Blank

Signature Page Follows.]

 

    6

     

    

 

IN WITNESS WHEREOF, the
Company has caused this Agreement to be executed by its duly authorized officer, and the Participant, to evidence his or her consent
and approval of all the terms hereof, has duly executed this Agreement, as of the date specified in Section 1 hereof.

 

	 	COMPANY:
	 	 
	 	SNAP INTERACTIVE, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	 	PARTICIPANT:
	 	 	 
	 	 	 
	 	Signature	 
	 	 	 
	 	Name:	 
	 	Address:	 
	 	 	 

 

 

 

Signature Page to Nonqualified Stock Option Agreement

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