Document:

Exhibit
10.10

 

NUZEE,
INC.

STOCK
OPTION AGREEMENT

(2013
Stock Incentive Plan)

 

	Type
    of Option (check one):	 	[  ]
    Incentive	 	[  ]
    Nonqualified

 

This
Stock Option Agreement (the “Agreement”) is entered into as of [Date] (the “Grant Date”) by and
between NuZee, Inc., a Nevada corporation (“the Company”), and [Name] (“Optionee”) pursuant to
the Company’s 2013 Stock incentive Plan (the “Plan”). Any capitalized term not defined herein shall have the
same meaning ascribed to it in the Plan.

 

1.
Grant of Option. The Company hereby grants to Optionee an option (the “Option”) to purchase all or any
portion of a total of [        ] ([        ]) shares (“the Shares”) of the
Common Stock of the Company at a purchase price of [       ] ($[        ]) per share (the “Exercise
Price”), subject to the terms and conditions set forth herein and the provisions of the Plan.

 

If
the box marked “Incentive” above is checked, then this Option is intended to qualify as an “incentive stock
option” as defined in Section 422 of the Internal Revenue Code (the “Code”). If this Option fails in whole or
in part to qualify as an incentive stock option, or if the box marked “Nonqualified” is checked, then this Option
shall constitute a nonqualified stock option.

 

2.
Vesting of Option. No portion of this Option may be exercised until such portion shall have become exercisable. The Option
may be exercised, in whole or in part, in accordance with the following vesting schedule: [  ]% of the Shares subject to the Option
shall vest on the one-year anniversary of the Grant Date, with the remaining Shares subject to the Option vesting at the rate
of [  ]% per year on each anniversary of the Grant Date until either the Option is fully vested or until the Optionee’s services
to the Company cease, whichever occurs first.1

 

No
Shares shall vest after the date of termination of Optionee’s Continuous Service, but this Option shall continue to be exercisable
in accordance with Section 3 below with respect to that number of Shares that have vested as of the date of termination of Optionee’s
Continuous Service.

 

3.
Termination of Option. Optionee’s right to exercise this Option shall terminate upon the first to occur of the following:

 

a)
the expiration of ten (10) years from the date of this Agreement; or

 

b)
the expiration of three (3) months from the date of termination of Optionee’s Continuous Service if such termination occurs
for any reason other than permanent disability or death; provided, however, that if Optionee dies during such three-month period
the provisions of Section 3(d) below shall apply; or

 

c)
the expiration of one (1) year from the date of termination of Optionee’s Continuous Service if such termination is due
to permanent disability of Optionee (as defined in Section 22(e)(3) of the Code); or

 

d)
the expiration of one (1) year from the date of termination of Optionee’s Continuous Service if such termination is due
to Optionee’s death or if death occurs during the three-month period following termination of Optionee’s Continuous
Service pursuant to Section 3(b) above, as the case may be; or

 

e)
Upon the consummation of a Change in Control, unless otherwise provided pursuant to Section 9 below.

 

 

1
Note to Draft: The vesting schedule may be changed to reflect the actual terms of the award.

 

    	 

    	 

    

 

4.
Exercise of Option. On or after the vesting of any portion of this Option in accordance with Sections 2 or 9 hereof, and
until termination of the right to exercise this Option in accordance with Section 3 above, the portion of this Option which has
vested may be exercised in whole or in part by Optionee (or, after his or her death, by the person designated in Section 6 below)
upon delivery of the following to the Company at its principal executive offices:

 

a)
a written notice of exercise which identifies this Agreement and states the number of Shares then being purchased (but no fractional
Shares may he purchased);

 

b)
a check or cash in the amount of the Exercise Price (or payment of the Exercise Price in such other form of lawful consideration
as the Administrator may approve from time to time under the Plan);

 

c)
a check or cash in the amount reasonably requested by the Company to satisfy the Company’s withholding obligations under
federal, state or other applicable tax laws with respect to the taxable income, if any, recognized by Optionee in connection with
the exercise of this Option (unless the Company and Optionee shall have made other arrangements for the withholding of Shares
issuable upon exercise of this Option or the delivery of Shares owned by Optionee in accordance with the Plan, provided such arrangements
satisfy the requirements of applicable tax laws); and

 

d)
any agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Shares upon exercise
of the Option (and any subsequent resale of the Shares) will be in compliance with applicable laws and regulations.

 

The
Shares issued upon exercise of the Option shall be transferred to Optionee on the records of the Company or of the transfer agent
upon compliance to the satisfaction of the Administrator with all requirements under applicable laws or regulations in connection
with such transfer and with the requirements of this Agreement and the Plan. The determination of the Administrator as to such
compliance shall be final and binding on Optionee.

 

5.
Tax Obligations.

 

a)
Withholding Taxes. The Optionee shall make appropriate arrangements with the Administrator for the satisfaction of all
applicable Federal, state, local, and foreign income taxes, employment tax, and any other taxes that are due as a result of the
Option exercise. With the Administrator’s consent, these arrangements may include withholding Shares that otherwise would
be issued to the Optionee pursuant to the exercise of this Option. The Company may refuse to honor the exercise and refuse to
deliver Shares if such withholding amounts are not delivered at the time of exercise.

 

b)
Notice of Disqualifying Disposition of ISO Shares. If the Option is an Incentive Stock Option (“ISO”), and
if the Optionee sells or otherwise disposes of any of the Shares acquired pursuant to the exercise of the ISO on or before the
later of (i) the date two years after the Grant Date, or (ii) the date one year after the date of exercise, the Optionee shall
immediately notify the Administrator in writing of such disposition. The Optionee may be subject to income tax withholding by
the Company on the compensation income recognized by the Optionee.

 

6.
Death of Optionee; No Assignment. The rights of Optionee under this Agreement may not be assigned or transferred except
by will or by the laws of descent and distribution, and may be exercised during the lifetime of Optionee only by such Optionee.
Any attempt to sell, pledge, assign, hypothecate, transfer or dispose of this Option in contravention of this Agreement or the
Plan shall be void and shall have no effect. If Optionee’s Continuous Service terminates as a result of his or her death,
and provided Optionee’s rights hereunder shall have vested pursuant to Section 2 above, Optionee’s legal representative,
his or her legatee, or the person who acquired the right to exercise this Option by reason of the death of Optionee (individually,
a “Successor”) shall succeed to Optionee’s rights and obligations under this Agreement. After the death of Optionee,
only a Successor may exercise this Option.

 

7.
Incorporation of Plan. Notwithstanding anything herein to the contrary, the Option shall be subject to and governed by
all the terms and conditions of the Plan, including the powers of the Administrator of the Plan. Optionee acknowledges receipt
of a copy of the Plan.

 

    	2

    	 

    

 

8.
Adjustments Upon Changes in Capital Structure. In the event that the outstanding shares of Common Stock of the Company
are hereafter increased or decreased or changed into or exchanged for a different number or kind of shares or other securities
of the Company by reason of a recapitalization, stock split, combination of shares, reclassification, stock dividend or other
change in the capital structure of the Company, then appropriate adjustment shall be made by the Administrator to the number of
Shares subject to the unexercised portion of this Option and to the Exercise Price per share, in order to preserve, as nearly
as practical, but not to increase, the benefits of Optionee under this Option, in accordance with the provisions of the Plan.

 

9.
Change in Control. In the event of a Change in Control of the Company:

 

a)
Notwithstanding Section 2 above, the right to exercise this Option shall accelerate automatically and vest in full effective as
of immediately prior to the consummation of the Change in Control unless this Option is to be assumed by the acquiring or successor
entity (or parent thereof) or new options or New Incentives are to be issued in exchange therefor, as provided in subsection (b)
below. If vesting of this Option will accelerate, the Administrator in its discretion may provide, in connection with the Change
in Control transaction, for the purchase or exchange of this Option for an amount of cash or other property having a value equal
to the difference (or “spread”) between: (x) the value of the cash or other property that Optionee would have received
pursuant to the Change in Control transaction in exchange for the Shares issuable upon exercise of this Option had this Option
been exercised immediately prior to the Change in Control, and (y) the aggregate Exercise Price for such Shares. If the vesting
of this Option will accelerate, the Administrator shall cause written notice of the Change in Control transaction to be given
to Optionee not less than fifteen (15) days prior to the anticipated effective date of the proposed transaction.

 

b)
The vesting of this Option shall not accelerate if and to the extent that:

 

		i.	this
                                         Option (including the unvested portion thereof) is to be assumed by the acquiring or
                                         successor entity (or parent thereof) or a new option of comparable value is to be issued
                                         in exchange therefor pursuant to the terms of the Change in Control transaction, or

 

		ii.	this
                                         Option (including the unvested portion thereof) is to be replaced by the acquiring or
                                         successor entity (or parent thereof) with New Incentives containing such terms and provisions
                                         as the Administrator in its discretion may consider equitable. If this Option is assumed,
                                         or if a new option of comparable value is issued in exchange therefor, then this Option
                                         or the new option shall be appropriately adjusted, concurrently with the Change in Control
                                         to apply to the number and class of securities or other property that Optionee would
                                         have received pursuant to the Change in Control transaction in exchange for the Shares
                                         issuable upon exercise of this Option had this Option been exercised immediately prior
                                         to the Change in Control, and appropriate adjustment also shall be made to the Exercise
                                         Price such that the aggregate Exercise Price of this Option or the new option shall remain
                                         the same as nearly as practicable and in a manner satisfying the provisions of Sections
                                         409A and 424 of the Code.

 

c)
If the provisions of subsection (b) above apply, then this Option, the new option or the New Incentives shall continue to vest
in accordance with the provisions of Section 2 above and shall continue in effect for the remainder of the term of this Option
in accordance with the provisions of Section 3 above. However, in the event of an Involuntary Termination (as defined below) of
Optionee’s Continuous Service within twelve (12) months following such Change in Control, then vesting of this Option, the
new option or the New Incentives shall accelerate in full automatically effective upon such Involuntary Termination.

 

d)
For purposes of this Section 9, the following terms shall have the meanings set forth below:

 

    	3

    	 

    

 

e)
“Involuntary Termination” shall mean the termination of Optionee’s Continuous Service by reason of;

 

		i.	Optionee’s
                                         involuntary dismissal or discharge by the Company, or by the acquiring or successor entity
                                         (or parent or any subsidiary thereof employing Optionee) for reasons other than Misconduct
                                         (as defined below), or

 

		ii.	Optionee’s
                                         voluntary resignation following (x) a change in Optionee’s position with the Company,
                                         the acquiring or successor entity (or parent or any subsidiary thereof) which materially
                                         reduces Optionee’s duties and responsibilities or the level of management to which
                                         Optionee reports, (y) a reduction in Optionee’s aggregate level of compensation
                                         (including base salary, fringe benefits and target bonus under any performance based
                                         bonus or incentive programs) by more than ten percent (10%), or (z) a relocation of Optionee’s
                                         principal place of employment by more than fifty (50) miles, provided and only if such
                                         change, reduction or relocation is effected without Optionee’s written consent.

 

f)
“Misconduct” shall mean;

 

		i.	the
                                         commission of any act of fraud, embezzlement or dishonesty by Optionee which materially
                                         and adversely affects the business of the Company, the acquiring or successor entity
                                         (or parent or any subsidiary thereof), or

 

		ii.	any
                                         unauthorized use or disclosure by Optionee of confidential information or trade secrets
                                         of the Company, the acquiring or successor entity (or parent or any subsidiary thereof),
                                         or

 

		iii.	the
                                         continued refusal or omission by Optionee to perform material duties required of him
                                         or her if such duties are consistent with duties customary for the position held with
                                         the Company, the acquiring or successor entity (or parent or any subsidiary thereof),
                                         or

 

		iv.	any
                                         material act or omission by Optionee involving malfeasance or gross negligence in the
                                         performance of Optionee’s duties to, or material deviation from any of the policies
                                         or directives of, the Company or the acquiring or successor entity (or parent or any
                                         subsidiary thereof), or

 

		v.	conduct
                                         on the part of Optionee which constitutes the breach of any statutory or common law duty
                                         of loyalty to the Company, the acquiring or successor entity (or parent or any subsidiary
                                         thereof), or

 

		vi.	any
                                         illegal act by Optionee which materially and adversely affects the business of the Company,
                                         the acquiring or successor entity (or parent or any subsidiary thereof), or any felony
                                         committed by Optionee, as evidenced by conviction thereof.

 

The
provisions of this Section 9 shall not limit the grounds for the dismissal or discharge of Optionee or any other individual in
the service of the Company, the acquiring or successor entity (or parent or any subsidiary thereof).

 

10.
No Agreement to Employ. Nothing in this Agreement shall be construed as granting to Optionee any right with respect to
the continuance of any relationship that Optionee might have as a director, consultant or employee of the Company. To the extent
applicable, the right of the Company to terminate at will Optionee’s employment at any time (whether by dismissal, discharge
or otherwise), with or without cause, is specifically reserved.

 

11.
Rights as Stockholder. Optionee (or transferee of this Option by will or by the laws of descent and distribution) shall
not be deemed to be the holder of, or to have any of the rights of a holder with respect to, any of the Shares unless and until
this Option shall have been exercised pursuant to the terms hereof, the Company or the transfer agent shall have transferred the
shares to Optionee, and Optionee’s name shall have been entered as the stockholder of record on the books of the Company.
Thereupon, Optionee shall have full voting, dividend and other ownership rights with respect to such Shares for which the Option
has been exercised.

 

    	4

    	 

    

 

12.
Market Stand-Off Agreement. If requested by the Company or the managing underwriter pursuant to any proposed public offering
of the Company’s securities, Optionee hereby agrees that it shall not, directly or indirectly, sell, lend, pledge, offer,
transfer, make any short sale of, sell any option or contract to purchase, contract to sell, purchase any option or contract to
sell, grant any option, right or warrant for the purchase of, otherwise transfer or dispose of, or enter into any hedging or similar
transaction with the same economic effect as a sale, any Shares held by Optionee immediately prior to the effectiveness of the
registration statement for such public offering for a period specified by the Company or the managing underwriter for such offering,
which period shall not exceed one hundred eighty (180) days following the effective date of the public offering. Optionee further
agrees to execute such agreements as may be reasonably requested by the Company or the managing underwriter for such offering
that are consistent with this Section 12 or that are necessary to give further effect thereto. In order to enforce the foregoing
covenant, the Company may impose stop transfer instructions with respect to the Shares until the end of such period.

 

13. Notices.
Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall be deemed
given when delivered personally or three (3) days after being deposited in the United States mail, as certified or registered
mail, with postage prepaid, (or by such other method as the Administrator may from time to time deem appropriate), and
addressed, if to the Company, at its principal place of business, Attention: General Counsel, and if to Optionee, at his or
her most recent address as shown in the employment or stock records of the Company.

 

14.
Governing Law. The validity, construction, interpretation, and effect of this Agreement shall be governed by and determined
in accordance with the laws of the State of Nevada.

 

15. Severability.
Should any provision or portion of this Agreement be held to be unenforceable or invalid for any reason, the remaining
provisions and portions of this Agreement shall be unaffected by such holding.

 

16.
Captions and Section Headings. Captions and section headings used herein are for convenience only, and are not part of
this Agreement and shall not be used in construing it.

 

17.
Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject
matter hereof and supersede all prior or contemporaneous written or oral agreements and understandings of the parties, either
express or implied.

 

18.
Attorneys’ Fees. If any party shall bring an action in law or equity against another to enforce or interpret any
of the terms, covenants and provisions of this Agreement, the prevailing party in such action shall be entitled to recover reasonable
attorneys’ fees and costs.

 

19.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and
all of which together shall be deemed one instrument.

 

    	5

    	 

    

 

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

 

	NUZEE,
    INC.	 	OPTIONEE
	 	 	 
	 	 	 
	[NAME,
    TITLE]	 	[NAME]
	 	 	 
	[DATE]	 	[DATE]

 

    	6Exhibit
10.11

 

NUZEE,
INC.

STOCK OPTION AGREEMENT 

(2019
Stock Incentive Plan)

 

Type
of Option (check one): 

 

	[  ]
    Incentive		[  ]
    Nonqualified

 

This
Stock Option Agreement (the “Agreement”) is entered into as of [Date], by and between NuZee, Inc., a Nevada
corporation (“the Company”), and [Name] (“Optionee”) pursuant to the Company’s 2019 Stock
Incentive Plan (the “Plan”). Any capitalized term not defined in this Agreement shall have the same meaning ascribed
to it in the Plan.

 

1.
Grant of Option. The Company hereby grants to Optionee an option (the “Option”) to purchase all or any portion
of a total of [number (xx)] shares of the Common Stock of the Company (the “Shares”) at a purchase price
$[ ] per share (the “Exercise Price”), subject to the terms and conditions set forth herein and the provisions
of the Plan. If the box marked “Incentive” above is checked, then this Option is intended to qualify as an “incentive
stock option” as defined in Section 422 of the Code. If this Option fails in whole or in part to qualify as an incentive
stock option, or if the box marked “Nonqualified” is checked, then this Option shall to that extent constitute a nonqualified
stock option.

 

2.
Vesting of Option. No portion of this Option may be exercised until such portion shall have become exercisable. The grant
date of the Option shares is [Date] (the “Grant Date”). The right to exercise this Option shall vest as to
50% on the Grant Date and as to 25% on each of the first two anniversaries of the Grant Date. Those options will be fully vested
on [Date]. For the avoidance of doubt, for each 100 shares granted: 50 will vest on [Date]; 25 on [Date];
and 25 on [Date].1

 

No
additional Shares shall vest after the date on which Optionee’s relationship as a Service Provider terminates, but this
Option shall continue to be exercisable in accordance with Section 3 below with respect to that number of Shares that have vested
as of the date on which Optionee’s relationship as a Service Provider terminates.

 

3.
Term of Option. Optionee’s right to exercise this Option shall terminate upon the first to occur of the following:

 

	 	a.	the
    expiration of ten (10) years from the date of this Agreement;
	 	 	 
	 	b.	the
    expiration of three (3) months from the date of termination of Optionee’s relationship as a Service Provider if such
    termination occurs for any reason other than permanent Disability or death; provided, however, that if Optionee dies during
    such three-month period the provisions of Section 3(d) below shall apply;
	 	 	 
	 	c.	the
    expiration of twelve (12) months from the date of termination of Optionee’s relationship as a Service Provider if such
    termination is due to permanent Disability of Optionee;
	 	 	 
	 	d.	the
    expiration of twelve (12) months from the date of termination of Optionee’s relationship as a Service Provider if such
    termination is due to Optionee’s death or if death occurs during the three month period following termination of Optionee’s
    relationship as a Service Provider pursuant to Section 3(b) above, as the case may be;

 

 

1
Note to Draft: The vesting schedule may be changed to reflect the actual terms of the award.

 

    	 

    	 

    

 

	 	e.	upon
    the consummation of a Change in Control, unless otherwise provided pursuant to Section 8 below; or
	 	 	 
	 	f.	Optionee’s
    relationship as a Service Provider is terminated for Cause;

 

4.
Exercise of Option. On or after the vesting of any portion of this Option in accordance with Sections 2 or 8 hereof, and until
termination of the right to exercise this Option in accordance with Section 3 above, the portion of this Option which has vested
may be exercised in whole or in part by Optionee (or, after his or her death, by the person designated in Section 5 below) upon
delivery of the following to the Company at its principal executive offices:

 

	 	a.	A
    written notice of exercise which identifies this Agreement and states the number of Shares then being purchased (but no fractional
    Shares may be purchased);
	 	 	 
	 	b.	A
    payment of the exercise price for Shares the Optionee is purchasing, to the extent permitted by law, in one of the following
    forms:

 

	 	 	i.	A
    check or cash;
	 	 	 	 
	 	 	ii.	In
    the event of net exercise, by exchanging a number of Options for a number of Shares, such number of Shares to be determined
    by a) multiplying the number of Options being exchanged by b) the number arrived at by subtracting the exercise price of the
    Option from the closing price of the stock on the date of exercise and c) dividing the result by the closing price of the
    Shares on the date of exercise.
	 	 	 	 
	 	 	iii.	A
    combination of (i) and (ii) above.

 

	 	c.	Any
    check or cash in the amount reasonably requested by the Company to satisfy the Company’s withholding obligations under
    federal, state or other applicable tax laws with respect to the taxable income, if any, recognized by Optionee in connection
    with the exercise of this Option unless the Company and Optionee shall have made arrangements for the withholding of Shares
    issuable upon exercise of this Option or the delivery of Shares previously owned by the Optionee in accordance with the terms
    of the Plan, provided such arrangements satisfy the requirements of applicable tax laws); and
	 	 	 
	 	d.	Any
    agreement, statement or other evidence that the Company may require to satisfy itself that the issuance of Shares upon exercise
    of the Option (and any subsequent resale of the Shares) will be in compliance with applicable laws and regulations.

 

The
Shares issued upon exercise of the Option shall be transferred to Optionee on the records of the Company or of the transfer agent
upon compliance to the satisfaction of the Committee with all requirements under applicable laws or regulations in connection
with such transfer and with the requirements of this Agreement and the Plan. The determination of the Committee as to such compliance
shall be final and binding on Optionee.

 

5.
Death of Optionee; No Assignment. The rights of Optionee under this Agreement may not be assigned or transferred except by
will or by the laws of descent and distribution, and may be exercised during the lifetime of Optionee only by such Optionee. Any
attempt to sell, pledge, assign, hypothecate, transfer or dispose of this Option in contravention of this Agreement or the Plan
shall be void and shall have no effect. If Optionee’s relationship as a Service Provider terminates as a result of his or
her death, and provided Optionee’s rights hereunder shall have vested pursuant to Section 2 above, Optionee’s legal
representative, his or her legatee, or the person who acquired the right to exercise this Option by reason of the death of Optionee
(individually, a “Successor”) shall succeed to Optionee’s rights and obligations under this Agreement. After
the death of Optionee, only a Successor may exercise this Option.

 

    	 

    	 

    

 

6.
Incorporation of Plan. Notwithstanding anything herein to the contrary, the Option shall be subject to and governed by all
the terms and conditions of the Plan, including the powers of the Committee. Optionee acknowledges receipt of a copy of the Plan.

 

7.
Adjustments Upon Changes in Capital Structure. In the event that the outstanding Shares are hereafter increased or decreased
or changed into or exchanged for a different number or kind of shares or other securities of the Company by reason of a recapitalization,
stock split, combination of shares, reclassification, stock dividend or other change in the capital structure of the Company,
then appropriate adjustment shall be made by the Committee to the number of Shares subject to the unexercised portion of this
Option and to the Exercise Price per share, in order to preserve, as nearly as practical, but not to increase, the benefits of
Optionee under this Option, in accordance with the provisions of the Plan.

 

8.
Change in Control. In the event of a merger, consolidation or similar transaction directly or indirectly involving the Company
that results in a Change in Control of the Company:

 

	 	a.	Notwithstanding
    Section 2 above, the right to exercise this Option shall accelerate automatically and vest in full effective as of
    immediately prior to the consummation of such a Change in Control unless this Option is to be assumed by the acquiring
    or successor entity (or parent thereof) or new options or new incentives are to be issued in exchange therefor, as provided
    in subsection (b) below. If vesting of this Option will accelerate, the Committee in its discretion may provide, in
    connection with the Change in Control transaction, for the purchase or exchange of this Option for an amount of cash or other
    property having a value equal to the difference between: (x) the value of the cash or other property that Optionee would have
    received pursuant to the Change in Control transaction in exchange for the Shares issuable upon exercise of this Option had
    this Option been exercised immediately prior to the Change in Control, and (y) the aggregate Exercise Price for such Shares.
    If the vesting of this Option will accelerate, the Committee shall cause written notice of the Change in Control transaction
    to be given to Optionee not less than fifteen (15) days prior to the anticipated effective date of the proposed
    transaction.
	 	 	 
	 	b.	The
    vesting of this Option shall not accelerate if and to the extent that:

 

	 	 	i.	this
    Option (including the unvested portion thereof) is to be assumed by the acquiring or successor entity (or parent thereof)
    or a new option of comparable value is to be issued in exchange therefor pursuant to the terms of the Change in Control transaction,
    or
	 	 	 	 
	 	 	ii.	this
    Option (including the unvested portion thereof) is to be replaced by the acquiring or successor entity (or parent thereof)
    with new incentives containing such terms and provisions as the Committee in its discretion may consider equitable. If this
    Option is assumed, or if a new option of comparable value is issued in exchange therefor, then this Option or the new option
    shall be appropriately adjusted, concurrently with the Change in Control, to apply to the number and class of securities or
    other property that Optionee would have received pursuant to the Change in Control transaction in exchange for the Shares
    issuable upon exercise of this Option had this Option been exercised immediately prior to the Change in Control, and appropriate
    adjustment also shall be made to the Exercise Price such that the aggregate Exercise Price of this Option or the new option
    shall remain the same as nearly as practicable and in a manner satisfying the provisions of Sections 409A and 424 of the Code.

 

	 	c.	If
    the provisions of subsection (b) above apply, then this Option, the new option or the new incentives shall continue to vest
    in accordance with the provisions of Section 2 above and shall continue in effect for the remainder of the term of this Option
    in accordance with the provisions of Section 3 above. However, in the event of an Involuntary Termination (as defined below)
    of Optionee’s relationship as an Outside Director on or following such Change in Control, then vesting of this Option,
    the new option or the new incentives shall accelerate in full automatically effective upon such Involuntary Termination.

 

    	 

    	 

    

 

	 	d.	As
    defined and used for purposes of this Agreement, the following terms shall have the meanings set forth below:

 

	 	 	i.	“Involuntary
    Termination” shall mean the termination of Optionee’s relationship as a Service Provider by any reason other than
    the Optionee’s voluntary resignation (unless such resignation is at the request of the acquirer in which case the Optionee’s
    termination will deemed involuntary).
	 	 	 	 
	 	 	ii.	A
    “Change in Control” of the Company (A) shall be as defined in Section 13.6(a) or 13.6(c) of the Plan, and (B)
    shall not have the meaning given under Section 13.6(b) of the Plan.

 

9.
No Agreement to Employ. Nothing in this Agreement shall be construed as granting to Optionee any right with respect to the
continuance of any relationship that Optionee might have as a Director, Consultant or Employee. To the extent applicable, the
right of the Company to terminate at will Optionee’s employment or service relationship at any time (whether by dismissal,
discharge or otherwise), with or without Cause, is specifically reserved.

 

10.
Rights as Stockholder. Optionee (or Successor) shall not be deemed to be the holder of, or to have any of the rights of a
holder with respect to, any of the Shares unless and until this Option shall have been exercised pursuant to the terms hereof,
the Company or the transfer agent shall have transferred the shares to Optionee, and Optionee’s name shall have been entered
as the stockholder of record on the books of the Company. Thereupon, Optionee shall have full voting, dividend and other ownership
rights with respect to such Shares for which the Option has been exercised.

 

11.
Market Stand-Off Agreement. If requested by the Company or the managing underwriter pursuant to any proposed public offering
of the Company’s securities, Optionee hereby agrees that it shall not, directly or indirectly, sell, lend, pledge, offer,
transfer, make any short sale of, sell any option or contract to purchase, contract to sell, purchase any option or contract to
sell, grant any option, right or warrant for the purchase of, otherwise transfer or dispose of, or enter into any hedging or similar
transaction with the same economic effect as a sale, any Shares held by Optionee immediately prior to the effectiveness of the
registration statement for such public offering for a period specified by the Company or the managing underwriter for such offering,
which period shall not exceed one hundred eighty (180) days following the effective date of the public offering. Optionee further
agrees to execute such agreements as may be reasonably requested by the Company or the managing underwriter for such offering
that are consistent with this Section 11 or that are necessary to give further effect thereto. In order to enforce the foregoing
covenant, the Company may impose stop transfer instructions with respect to the Shares until the end of such period.

 

12.
Notices. Any notice, demand or request required or permitted to be given under this Agreement shall be in writing and shall
be deemed given when delivered personally or three (3) days after being deposited in the United States mail, as certified or registered
mail, with postage prepaid, (or by such other method as the Committee may from time to time deem appropriate), and addressed,
if to the Company, at its principal place of business, Attention: General Counsel, and if to Optionee, at his or her most recent
address as shown in the employment or stock records of the Company.

 

13.
Governing law. The validity, construction, interpretation, and effect of this Agreement shall be governed by and determined
in accordance with the laws of the State of Nevada.

 

14.
Severability. Should any provision or portion of this Agreement be held to be unenforceable or invalid for any reason, the
remaining provisions and portions of this Agreement shall be unaffected by such holding.

 

15.
Captions and Section Headings. Captions and section headings used herein are for convenience only, and are not part of this
Agreement and shall not be used in construing it.

 

16.
Entire Agreement. This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject
matter hereof and supersede all prior or contemporaneous written or oral agreements and understandings of the parties, either
express or implied.

 

17.
Attorneys’ Fees. If any party shall bring an action in law or equity against another to enforce or interpret any of
the terms, covenants and provisions of this Agreement, the prevailing party in such action shall be entitled to recover reasonable
attorneys’ fees and costs.

 

18.
Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all
of which together shall be deemed one instrument.

 

[SIGNATURE
PAGE TO FOLLOW]

 

    	 

    	 

    

 

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

 

	NUZEE,
    INC. 	 	OPTIONEE
    
	 	   	 	 	         
	By:
     	 	 	By:
    	 
	Name:	 	 	Name:	 
	Title:	 	 	Title:	 

 

[Signature Page to Stock Option Agreement]

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