Document:

Exhibit 10.2 

EATON VANCE CORP.

RESTRICTED STOCK UNIT NOTICE & AGREEMENT

(AMENDED AND RESTATED 2013 OMNIBUS INCENTIVE PLAN)

Eaton Vance Corp. (the “Company”),
pursuant to its Amended and Restated 2013 Omnibus Incentive Plan (the “Plan”), hereby notifies the Participant identified
below of an award of Restricted Stock Units as set forth below (the “Award”). This Award is subject to all of the terms
and conditions as set forth in this Restricted Stock Unit Notice & Agreement (the “Agreement”) and the Plan, a
copy of which is available to the Participant at www.schwab.com. Capitalized terms not otherwise defined in this Agreement are
as set forth in the Plan.

Notice of Grant

	
        Participant:

        Participant’s Address:
	 
	Date of Grant:	 
	
        Number of Units Subject to Award:

         
	 

 

	
        Vesting Schedule: Provided Participant is still employed by the
        Company, at each anniversary of the Vest Date, that percentage of the Restricted Stock Units set forth opposite such anniversary
        shall be or shall be deemed released from the Restriction Period and become Vested, with any fractions vesting on the Third Anniversary
        of Vest Date.

         

        Vest Date: [______], 2020
	Anniversary

of Vest Date

 

 

 

First

Second

Third 

	Vested Percentage

                            

                            

                            

                            

                            0%

                           50%

                           50%

 

 

A Participant
who does not timely disclaim this Award as described below will be deemed to have accepted this Award and the terms of this Agreement
and the Plan. The Participant’s acceptance of the Award indicates acknowledged receipt and understanding of, and agreement
to, the terms and conditions of this Agreement and the Plan, and further indicates acknowledged understanding that this Agreement
and the Plan set forth the entire understanding between Participant and the Company regarding the Restricted Stock Units awarded
herein and supersedes all prior oral and written agreements relating to this Award (but not with respect to other awards previously
granted and delivered to Participant under the Plan or any other plan sponsored by the Company). To disclaim this Award, the Participant
must notify the Chief Legal Officer of the Company (or his designate), in writing, before the close of business on the sixtieth
day following the Date of Grant that he or she does not agree to the terms of this Agreement or the Plan. In such case, the Award
contemplated herein will be terminated and deemed void ab initio.

 

EATON VANCE CORP.

 

 

By: __________________________

 

Title:__________________________

    	 

    	 

    

Restricted
STOCK UNIT NOTICE & Agreement

General Terms
and Conditions

This Agreement
is made on the Date of Grant set forth on the Notice of Grant that forms a part of this Agreement (the “Notice of Grant”)
by and between the Company and the Participant. The terms and conditions of the Award made
to the Participant, as set forth on the Notice of Grant and subject to the terms and conditions set forth in the Plan, are as follows:

		1.	Award of Restricted Stock Units

1.1.       The
Company hereby grants to Participant the number of Restricted Stock Units set forth on the Notice of Grant, in accordance with
the Plan and the terms set forth herein. Each Restricted Stock Unit represents the right to receive one share of the Company’s
Non-Voting Stock, on the terms and subject to the conditions set forth in this Agreement and the Notice of Grant.

		2.	Restriction Period

2.1.       The
Award of Restricted Stock Units shall be subject to an ongoing risk of forfeiture in the form of a lapsing right of forfeiture
held by the Company for the duration of the vesting period set forth in the Notice of Grant (the “Restriction Period”).
As the Restriction Period lapses, the Participant shall become vested in the Restricted Stock Units and be entitled to receive
a corresponding number of shares of the Company’s Non-Voting Stock (such Restricted Stock Units are referred to herein as
“Vested”). The shares of the Company’s Non-Voting Stock will be delivered to the Participant as soon as practicable
following each vesting date, but in any event within 30 days of such date.

2.2.       Subject
to Section 2.3 below, if the Participant’s employment terminates during the Restriction Period, all Restricted Stock Units
that are not Vested on the Termination shall be immediately forfeited and the Participant shall have no further right thereto;
provided, however, that military or sick leave shall not be deemed a Termination of Employment if it does not exceed the longer
of ninety (90) days or the period during which the absent Participant’s reemployment rights, if any, are guaranteed by statute
or by contract. Notwithstanding the foregoing, the Committee may, solely in its discretion, agree to shorten (including to zero)
any Restriction Period as it deems appropriate and to the extent permitted by applicable law. Furthermore, all Restricted Stock
Units shall become 100% Vested upon the first to occur of the Participant’s death or Disability.

2.3.        If
the Participant’s employment terminates in a Qualifying Termination, all Restricted Stock Units shall become 100% Vested
upon the Qualifying Termination. “Qualifying Termination” means the Participant’s “separation from service”
within the meaning of Treasury Regulation Section 1.409A-1(h) (“Separation from Service”) as a result of the Company’s
termination of the Participant’s employment under circumstances not involving Cause, provided that the Participant signs
an agreement and release satisfactory to the Company. “Cause” means, with respect to any employee of the Company or
Subsidiary, (i) such employee’s failure to perform and discharge his or her duties and responsibilities for any reason other
than death, Disability, or relocation by the Company by more than 75 miles, (ii) such employee’s engagement in an action
or course of conduct that in the reasonable judgment of the Committee (A) constitutes fraud, embezzlement or theft, (B) violates
the Company’s Code of Business Conduct or Code of Ethics as then in effect, (C) constitutes a crime, (D) violates any rule,
regulation or law to which the Company or Subsidiary is subject, (E) is negligent, or (F) harms the Company or Subsidiary or either
the Company or the Subsidiary’s reputation, (iii) the sanction or censure of such employee by any regulatory or administrative
body (including without limitation federal, foreign, state and local), or (iv) such employee’s failure to maintain any license
or registration required for the employee to perform the functions of the employee’s position.

2.4.       To
the extent that the Company declares and pays any dividends (whether paid in cash, stock or property and including, for the
avoidance of doubt, the Special Dividend contemplated by the Agreement and Plan of Merger entered into on October 7, 2020 by
and among the Company, Morgan Stanley, and the other parties thereto) with respect to shares of Company Non-Voting Stock
during the Restriction Period (such dividends, the “Accrued Dividends”), a dividend equivalent will be credited
with respect to the Participant’s Award outstanding on the dividend record date and reinvested in the form of
additional Restricted Stock Units. The additional number of Restricted Stock Units credited to the Participant as a result of
this dividend reinvestment shall equal: (i) the cash dividend paid on one share of Company Non-Voting Stock, multiplied by
(ii) the number of Restricted Stock Units subject to the Award on the applicable dividend record date; with the product of
(i) and (ii), divided by the fair market value of a share of Company Non-Voting Stock on the dividend payment date, as
determined by the Company in its sole discretion. The Company will credit the dividend equivalents when it pays the
corresponding dividend on its Non-Voting Stock. The additional Restricted Stock Units credited to the Participant as a result
of the reinvestment of dividend equivalents will vest at the same time as, and be subject to the same vesting and payment
provisions set forth in this Agreement with respect to, the corresponding Restricted Stock Units, and references to
“Restricted Stock Units” and “Award” in this Agreement shall include such additional Restricted Stock
Units credited to the Participant as a result of the reinvestment of dividend equivalents described in this Section 2.4. The
decision to pay a dividend and, if so, the amount of any such dividend, is determined by the Company in its sole discretion.
No dividend equivalents will be paid to a Participant on any canceled Restricted Stock Units.

2.5       Whenever
this Agreement provides that the Award will be paid by delivery of shares of the Company’s Non-Voting Stock on or as soon
as practicable following a vesting date or a different specified date or event, such delivery will be considered to have been timely
made, and neither the Participant nor any of his or her beneficiaries or estate shall have any claim against the Company for damages
based on a delay in delivery of such shares and the Company shall have no liability to the Participant (or to any of his or her
beneficiaries or estate) in respect of any such delay, as long as delivery is made by December 31 of the year in which occurs the
vesting date or such other specified date or event or, if later, by the 15th day of the third calendar month following
the vesting date or such specified date or event, or, in connection with any such delivery due to death, to the extent permissible
under Section 409A of the Internal Revenue Code, and any regulations promulgated thereunder (“Section 409A”), by the
end of the calendar year following the year of your death. Similarly, neither the Participant nor any of his or her beneficiaries
or estate shall have any claim against the Company for damages, and the Company shall have no liability to the Participant (or
to any of his or her beneficiaries or estate), based on any shortening of the Restriction Period pursuant to Section 2.2.

2.6       Notwithstanding
any other terms of this Agreement or the Plan, if the Company considers the Participant to be one of its “specified employees”
as defined in Section 409A at the time of his or her Separation from Service, any vesting and delivery of your Award that otherwise
would occur upon his or her Separation from Service (including, without limitation, vesting and delivery of the Award upon the
Participant’s Qualifying Termination, as provided in Section 2.3) will be delayed until the first business day following
the date that is six months after the Participant’s Separation from Service; provided, however, that in the event that the
Participant’s death occurs at any time after the Date of the Award, conversion and payment will be made in accordance with
Section 2.2.

 

		3.	Tax Consequences

3.1       It
is understood by the Company and the Participant that the release from the Restriction Period of Vested Restricted Stock Units
and settlement with shares of Company Non-Voting Stock hereunder may be deemed compensatory in purpose and in effect and that as
a result the Company or a Subsidiary may be obligated to pay withholding taxes in respect of such shares at the time the Participant
becomes subject to Federal income taxation as a result of the receipt of Vested shares of Company Non-Voting Stock hereunder. The
Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant
any federal, state, local or other taxes of any kind required by law to be withheld with respect to the Vested Restricted Stock
Units. On each vesting date (or other date or time at which the Company is required to withhold taxes associated with the Restricted
Stock Units), the Company will retain from the shares of Company Non-Voting Stock that otherwise would be delivered to the Participant
at the end of the applicable Restriction Period a number of shares of Company Non-Voting Stock having a fair market value (as determined
by the Company in its sole discretion) equal to the Company’s minimum statutory withholding obligation with respect to such
taxes. If the Company is unable to retain sufficient shares of Company Non-Voting Stock to satisfy such tax withholding
obligation, the Participant acknowledges and agrees that the Company or a Subsidiary has the right to deduct from payments of any
kind otherwise due to the Participant any federal, state, local or other taxes of any kind required by law to be withheld for taxes
relating to the vesting of the Restricted Stock Units. If the Participant fails to make satisfactory arrangements for the payment
of any required taxes hereunder at the time any Restricted Stock Units otherwise are scheduled to vest, the Participant will permanently
forfeit such Restricted Stock Units and any right to receive shares of Company Non-Voting Stock hereunder and the Restricted Stock
Unit Award will be returned to the Company at no cost to the Company and with no payment to the Participant. The Participant acknowledges
that he or she is responsible for obtaining the advice of the Participant’s own tax advisors with respect to the acquisition
of the shares of Company Non-Voting Stock upon vesting of the Restricted Stock Units and the Participant is relying solely on such
advisors and not on any statements or representations of the Company or any of its agents with respect to the tax consequences
relating to the Restricted Stock Units. The Participant acknowledges that no election under Section 83(b) of the Internal Revenue
Code of 1986, as amended, is available with respect to the Restricted Stock Units.

    	 

    	 

    

		4.	Compliance with Law

4.1The Participant
shall not sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of, by operation of law or otherwise (collectively
“transfer”) any Restricted Stock Units, or any interest therein. Participant acknowledges and agrees that neither the
Company nor any agent of the Company shall be under any obligation to recognize any transfer of any Restricted Stock Units or issue
any Company Non-Voting Stock to any transferee to whom such Restricted Stock Units have been transferred in violation of any of
the provisions of this Agreement.

4.2       Participant
represents and warrants, as a condition of any transfer of shares of Company Non-Voting Stock upon the vesting of the Restricted
Stock Units, that he or she is receiving the shares of Company Non-Voting Stock on his or her own account for the purpose of investment
and not with a view to, or for sale in connection with, the distribution of any such shares.

4.3       Participant
acknowledges and agrees that neither the Company nor any agent of the Company shall be under any obligation to recognize any transfer
of any of the shares of Company Non-Voting Stock if, in the opinion of counsel for the Company, such transfer would result in violation
by the Company of any federal or state law with respect to the offering, issuance or sale of securities.

		5.	General Provisions

5.1       This
Agreement shall be governed and enforced in accordance with the terms of the Plan and, notwithstanding any terms of the Plan to
the contrary, the laws of New York, without regard to the conflict of laws principles thereof, and shall be binding upon the heirs,
personal representatives, executors, administrators, successors and assigns of the parties.

5.2       This
Agreement embodies the complete agreement and understanding among the parties hereto with respect to the subject matter hereof
and thereof, supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or
oral, which may have related to the subject matter hereof in any way and may only be modified or amended in writing signed by the
Company and the Participant.

5.3       In
general, the Company will not issue certificates evidencing shares of Company Non-Voting Stock upon vesting of the Restricted Stock
Units.

5.4       All
notices or communications provided for under this Agreement shall be given in writing and by hand or by registered mail, return
receipt requested, postage prepaid, and shall be addressed

(i) in the
case of Participant, to his or her address appearing on the Notice of Grant and

(ii) in the case
of the Company,

Two International Place

Boston, MA 02110

Attention: Treasurer

    	 

    	 

    

Notices given
as hereinabove provided shall be deemed received (i) in the case of personal delivery, on
the date of such delivery; (ii) in the case of mailing, when received by the addressee; and (iii) in the case of facsimile
transmission, when confirmed by facsimile machine report. Any party hereto may designate a change of address by written
notice to the other parties given at least ten (10) days before such change is to become effective for purposes of this Agreement.

5.5       The
rights and obligations of each party under this Agreement shall inure to the benefit of and be binding upon such party's heirs,
legal representatives, successors and permitted assigns. The rights and obligations of the Company under this Agreement shall be
assignable by the Company to any one or more persons or entities without the consent of the Participant or any other person. The
rights and obligations of any person other than the Company under this Agreement may only be assigned with the prior written consent
of the Company.

5.6       No
consent to or waiver of any breach or default in the performance of any obligations hereunder shall be deemed or construed to be
a consent to or waiver of any other breach or default in the performance of any of the same or any other obligations hereunder.
Failure on the part of any party to complain of any act or failure to act of any other party or to declare any party in default,
irrespective of the duration of such failure, shall not constitute a waiver of rights hereunder and no waiver hereunder shall be
effective unless it is in writing, executed by the party waiving the breach or default hereunder.

5.7       If
any provision of this Agreement shall be held illegal, invalid or unenforceable, such illegality, invalidity or unenforceability
shall attach only to such provision and shall not in any manner affect or render illegal, invalid or unenforceable any other severable
provisions of this Agreement.

5.8       The
headings in this Agreement are for convenience of identification only, do not constitute a part hereof, and shall not affect the
meaning or construction hereof.

5.9       Participant
agrees upon request to execute any further documents or instruments necessary or desirable to carry out the purposes or intent
of this Agreement.

5.10       In
case of any dispute hereunder, the parties will submit to the exclusive jurisdiction and venue of any court of competent jurisdiction
sitting in the county in which the Company's headquarters in New York is located, and will comply with all requirements necessary
to give such court jurisdiction over the parties and the controversy. Each party hereto, in addition to being entitled to exercise
all rights granted by law including recovery of damages (but subject to the remainder of this subsection), will be entitled to
specific performance of his, her or its rights under this Agreement. The parties hereto agree that monetary damages would not be
adequate compensation for any loss incurred by reason of a breach of the provisions of this Agreement and hereby agree to waive
the defense in any action for specific performance that a remedy at law would be adequate. EACH PARTY HEREBY WAIVES ANY RIGHT TO
A JURY TRIAL AND TO CLAIM OR RECOVER PUNITIVE DAMAGES.

5.11       Nothing
contained in this Agreement shall confer upon the Participant any right with respect to the continuation of his or her employment
or other association with the Company or any Subsidiary, or interfere in any way with the right of the Company and its Subsidiaries,
subject to the terms of Participant’s separate employment agreement, if any, or provision of law or corporate articles or
by-laws to the contrary, at any time to terminate such employment or consulting agreement or otherwise modify the terms and conditions
of Participant's employment or association with the Company or a Subsidiary.

5.12 The Participant
acknowledges and agrees that the grant of the Restricted Stock Units and their vesting do not constitute an express or implied
promise of continued employment or service with the Company for the vesting period, or any period. Under no circumstances on ceasing
to be in employment or service of the Company or any Subsidiary, will the Participant be entitled to any compensation for any loss
of any right to benefit or prospective right or benefit under the Plan which the Participant might otherwise have enjoyed whether
such compensation is claimed by way of damages or wrongful dismissal or other breach of contract or by way of compensation for
loss of office or otherwise howsoever.Exhibit 10.1

 

FIRST AMENDMENT TO LOAN AGREEMENT

 

THIS AMENDING AGREEMENT (this “Agreement”)
is made as of the 4th day of September, 2020 among urban-gro, Inc. (the “Borrower”), urban-gro Canada
Technologies Inc. and Impact Engineering, Inc. (together, the “Guarantors”) and Bridging Finance Inc., as Agent
(as defined below) and as lender.

 

RECITALS:

 

		A.	the Borrower, the Guarantors, Bridging Finance Inc., as agent for the lenders from time to time
party thereto (in such capacity, the “Agent”) and as a lender, entered into a letter agreement dated as of February
21, 2020 (as the same has been, or may in the future be, amended, modified, restated, supplemented or replaced from time to time,
the “Loan Agreement”) which established the Facilities in favour of the Borrower;

 

		B.	the parties hereto have agreed to amend the Loan Agreement on the terms and conditions hereinafter
set forth, including, among other things, to remove the demand feature with respect to the Facilities;

 

NOW THEREFORE,
in consideration of the covenants and agreements contained in this Agreement and for other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged), the parties hereto agree as follows:

 

		1.	Capitalized Terms. All capitalized terms used in this Agreement that are not defined herein
shall have the meanings ascribed thereto in the Loan Agreement.

 

		2.	Amendments to Loan Agreement.

 

		(a)	The section titled “Facilities” is hereby deleted in its entirety and replaced with
the following:

 

	 	“Facilities:	Revolving loan of up to CAN$5,400,000 (the “Maximum Revolver Amount”), based on the lending formula described below (the “Revolving Facility”) and a term loan in the amount of CAN$2,700,000 (the “Term Loan” with the Revolving Facility and the Term Loan collectively referred to as the “Facilities”). The Term Loan shall be due on the Maturity Date (as defined below).”

 

		(b)	The section titled “Term” is hereby deleted in its entirety and replaced with the following:

 

	 	“Term:	December 31, 2021 (the “Maturity Date”).”

 

		(c)	The section titled “Interest Rate and Fees” is hereby amended by:

 

		(i)	deleting the first paragraph thereof and replacing it with the following:

 

“Annual rate of
Prime plus 12% per annum calculated on the principal amount of the Facilities outstanding, accruing daily, compounded monthly,
and payable as set out herein.”; and

 

		(ii)	adding a new sub-section at the end of such section, as follows:

 

	 	“Extension Fee: The Borrower shall pay to the Agent a non-refundable extension fee in the amount of C$121,500, plus applicable taxes. Such fee shall fully earned as of September 4, 2020, and shall be due and payable on the Maturity Date.”

 

 

 

    	 	1	 

     

    

 

		(d)	The section titled “Payments” is hereby deleted in its entirety and replaced with the
following:

 

	 	“Payments:	Interest at the aforesaid rate per annum shall accrue daily and be compounded monthly, and shall be due and payable in arrears by 3:00pm on the first Business Day of each and every month during the Term, and on the Maturity Date. Without limiting the other payment obligations in this Agreement, all then outstanding principal and other Obligations shall be due and payable on the Maturity Date.”

 

		(e)	The first paragraph under the section titled “Events of Default” is hereby deleted
in its entirety and replaced with the following:

 

	 	“Events of Default:	Without limiting any other rights of the Agent and the Lenders under this Agreement, if any one or more of the following events (an “Event of Default”) has occurred and is continuing:”

 

		(f)	The section titled “Events of Default” is hereby amended by deleting in its entirety
the following sentence:

 

	 	 	“Nothing contained in this section shall limit any right of the Agent under this Agreement to demand payment of the Facilities at any time.”

 

		(g)	The following sub-sections are hereby added to the section titled “Covenants”:

 

	“(xxxii)   	on or before January 31, 2021, the Borrower shall prepay US$1,000,000 against the balance then outstanding under the Term Loan;
	(xxxiii)   	beginning on March 1, 2021 and on the first Business Day of each and every month during the Term, the Borrower shall prepay US$100,000 of principal toward the balance then outstanding under the Term Loan (for greater certainty, such monthly prepayment of principal is in addition to the Borrower’s monthly interest payment obligation with respect to the Term Loan and any other mandatory prepayment obligations hereunder); and 
	(xxxiv)   	beginning on October 1, 2020 and on the first Business Day of each and every month thereafter during the Term, the Borrower shall prepay US$50,000 of principal toward the balance then outstanding under the Revolving Facility, and the Maximum Revolver Amount shall be reduced by an amount equal to each such payment (for greater certainty, such monthly prepayment of principal is in addition to the Borrower’s monthly interest payment obligation with respect to the Revolving Facility and any other mandatory prepayment obligations hereunder).

 

		3.	Continuing Effect. Except as expressly set forth in this Agreement, all other terms and
conditions of the Loan Agreement, the Security and any other Credit Document shall remain unchanged and shall continue in full
force and effect, in each case as may be amended hereby. No amendment or waiver of any other term, condition, covenant, agreement
or any other aspect of the Loan Agreement is intended or implied. This Agreement is a Credit Document.

 

		4.	Reaffirmation and Confirmation. Each Obligor hereby ratifies, affirms, acknowledges and
agrees that the Loan Agreement and the other Credit Documents to which it is a party represent its valid, enforceable and collectible
obligations, and further acknowledges that there are no existing claims, defenses, personal or otherwise, or rights of setoff whatsoever
with respect to the Loan Agreement or any other Credit Document. Each Obligor hereby agrees that this Agreement in no way acts
as a release or relinquishment of the Security and other rights securing payments of the Obligations. The Security and other rights
securing payment of the Obligations are hereby ratified and confirmed by each Obligor in all respects.

 

		5.	Costs and Expenses. All costs incurred by the Agent and the Lenders in preparing this First
Amendment (including all external legal fees incurred by the Agent and the Lenders) shall be on the account of the Borrower, and
shall form part of the Obligations secured by the General Security Agreement granted by the Borrower to the Agent dated as of February
27, 2020.

 

 

 

    	 	2	 

     

    

 

		6.	Prior Agreements. This First Amendment supersedes and replaces any prior agreements or understandings
with respect to any of the matters provided for herein.

 

		7.	Governing Law. This First Amendment shall be deemed to have been made in the Province of
Ontario and shall be governed by and interpreted in accordance with the laws of such Province and the laws of Canada applicable
therein.

 

		8.	Counterparts. This Agreement may be executed in any number of separate counterparts by any
one or more of the parties thereto, and all of such counterparts taken together shall constitute one and the same instrument. Delivery
by any party of an executed counterpart of this Agreement by telecopier, PDF or by other electronic means shall be as effective
as delivery of a manually executed counterpart of such party.

 

[Signature page
follows.]

 

 

 

 

 

 

 

 

 

 

 

 

    	 	3	 

     

    

 

IN WITNESS WHEREOF, the parties
have duly executed this Agreement as of the date first above written.

 

 

BRIDGING FINANCE INC., as Agent
and as Lender

 

 

Per: /s/ Graham Marr

Name: Graham Marr

Title: President

 

 

I have authority to bind the Corporation.

 

 

 

Urban-gro, Inc.,
as Borrower

 

 

Per: /s/ Bradley Nattrass

Name: Bradley Nattrass

Title: CEO

 

I/We have authority to bind the Corporation.

 

 

 

URBAN-GRO CANADA
TECHNOLOGIES INC., as Guarantor

 

 

Per: /s/ Bradley Nattrass

Name: Bradley Nattrass

Title: CEO

 

I/We have authority to bind the Corporation.

 

 

 

IMPACT ENGINEERING,
INC., as Guarantor

 

 

Per: /s/ Bradley Nattrass

Name: Bradley Nattrass

Title: CEO

 

 

I/We have authority to bind the Corporation.

 

 

 

 

 

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