Document:

Exhibit 10.2

 

UNRESTRICTED STOCK AWARD AGREEMENT UNDER THE 

2021 AMERGENT HOSPITALITY GROUP INC. INDUCEMENT
PLAN

 

(Fully Vested)

 

	Name of Grantee: 	Frederick L. Glick
	Number of Shares:	50,000
	Grant Date:	August 2, 2021

 

Pursuant to the 2021 Amergent
Hospitality Group Inc. Inducement Plan (the “Plan”), Amergent Hospitality Group Inc., a Delaware corporation (the “Company”)
hereby grants an Unrestricted Stock Award (an “Award”) to the Grantee named above. Upon acceptance of this Award, the Grantee
shall receive the number of shares of common stock, par value $0.0001 per share of the Company specified above (“Award Shares”).
The Company acknowledges the receipt from the Grantee of consideration in the form of services rendered to the Company by the Grantee
or such other form of consideration as is acceptable to the Plan administrator.

 

1. Acceptance
of Award. The Award Shares shall be issued electronically and allocated to the Grantee through the Company’s stock plan administration
system and transfer agent, and the Grantee’s name shall be entered as the stockholder of record on the books of the Company. Thereafter,
the Grantee shall have all the rights of a stockholder with respect to such Award Shares, including voting and dividend rights.

 

2. Transferability.
This Agreement is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of law or
otherwise, other than by will or the laws of descent and distribution.

 

3. Tax
Withholding. The Grantee shall, not later than the date as of which the receipt of this Award becomes a taxable event for Federal
income tax purposes, pay to the Company or make arrangements satisfactory to the administrator for payment of any Federal, state, and
local taxes required by law to be withheld on account of such taxable event.

 

4. Notices.
Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the
Grantee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the
other party in writing.

 

	 	AMERGENT
    HOSPITALITY GROUP, INC.
	 	 	 
	 	By:	/s/
    Michael D. Pruitt
	 	Name:	Michael
                                            D. Pruitt

	 	Title:	CEO

 

    	 

    	 

    

 

The foregoing Agreement is hereby
accepted and the terms and conditions thereof hereby agreed to by the undersigned.

 

	 	GRANTEE:
	 	 	 
	 	Signature:	/s/
    Frederick L. Glick
	 	 	Frederick
    L. Glick

 

    	Restricted Stock Award Agreement
	2Exhibit 10.3

 

GRANT
OF OPTION (NONQUALIFIED) PURSUANT TO THE AMERGENT HOSPITALITY GROUP INC. 

2021
INDUCEMENT PLAN 

 

Frederick
L. Glick - August 2, 2021 - Option Grant 1

 

Amergent
Hospitality Group Inc., a Delaware corporation (the “Company”), hereby grants to Frederick L. Glick (“Optionee”)
a nonqualified option to purchase 150,000 shares of common stock, $0.0001 par value (the “Shares”) of the Company at the
purchase price of $2.50 per share (the “Purchase Price”), in accordance with and subject to the terms and conditions of the
2021 Inducement Plan (the “Plan”) and the terms and conditions of that certain Amended and Restated Employment Agreement
effective July 1, 2021 by and between the Optionee and the Company (“Employment Agreement”). This Grant of Option is material
to the Participant’s continued employment with the Company. This Grant of Option is not intended to be an
“incentive stock option” within the meaning of section 422 of the Code, and therefore is a nonqualified stock option. The
exercise of this Grant of Option is subject to the Optionee making appropriate tax withholding arrangements with the Company in accordance
with the terms of the Plan and the administrative procedures established by the Company from time to time.

 

This
Grant of Option is vested 100% as of the date hereof. Subject to the terms and conditions of the Plan and the Employment Agreement, this
Grant of Option is exercisable, in whole or in part, no later than August 1, 2026 (the “Expiration Date”) during optionee’s
continued employment with the Company by (i) notice in writing, signed by Optionee; and (ii) payment of the Purchase Price pursuant to
the terms of this Grant of Option and the Plan. The notice must refer to this Grant of Option, must specify the number of Shares being
purchased, and must recite the consideration being paid therefor. Notice shall be deemed given on the date on which the notice is received
by the Company.

 

If
payment is not received within two business days after the date the notice is received, the Company may deem the notice to be invalid.
If Optionee fails to exercise this Grant of Option in accordance with the terms and conditions hereof, then this Grant of Option shall
terminate and have no force and effect, in which event the Company and Optionee shall have no liability to each other with respect to
this Grant of Option.

 

Optionee
shall, not later than the date as of which the exercise of this Option becomes a taxable event for Federal income tax purposes, pay to
the Company or make arrangements satisfactory to the Company for payment of any Federal, state, and local taxes required by law to be
withheld on account of such taxable event. The Company shall have the authority to cause the required tax withholding obligation to be
satisfied, in whole or in part, by withholding from Shares to be issued to the Optionee a number of Shares with an aggregate fair market
value that would satisfy the withholding amount due; provided, however, that the amount withheld does not exceed the maximum statutory
tax rate or such lesser amount as is necessary to avoid adverse accounting treatment or as determined by the Company.

 

This
Grant of Option may be executed in counterparts delivered by facsimile, electronic mail (including any electronic signature complying
with the U.S. Federal E-SIGN Act of 2000) or other transmission method and any counterpart so delivered shall be deemed to have been
duly and validly delivered and be valid and effective for all purposes. All counterparts shall constitute one and the same instrument.
The validity, construction and enforceability of this Grant of Option shall be construed under and governed by the laws of the State
of Delaware, without regard to its rules concerning conflicts of laws, and any action brought to enforce this Grant of Option or resolve
any controversy, breach or disagreement relative hereto shall be brought only in a court of competent jurisdiction within the Mecklenburg
County, State of North Carolina.

 

	 	AMERGENT
    HOSPITALITY GROUP INC.
	 	 	 
	 	By:	/s/
    Michael D. Pruitt
	 	 	Michael
    D. Pruitt, CEO

 

	OPTIONEE: 	 
	 	 	 
	Signature:
	/s/ Frederick L. Glick	 
	 	Frederick
    L. Glick	 

 

    	 

    	 

    

 

NOTICE
OF EXERCISE 

(TO
BE SIGNED ONLY UPON EXERCISE OF THE GRANT OF OPTION)

 

TO:
Amergent Hospitality Group Inc. (“Optionor”)

 

The
undersigned, the holder of the Grant of Option described above, hereby irrevocably elects to exercise the purchase rights represented
by such Grant of Option for, and to purchase thereunder, _____________ shares of the common stock, $0.0001 par value of Amergent Hospitality
Group Inc. (“Shares”), and herewith makes payment of _________________ therefor. Optionee requests that the certificates
for such Shares be issued in the name of Optionee and be delivered to Optionee at the address of __________________________________,
and if such Shares shall not be all of the Shares purchasable hereunder, represents that a new Notice of Exercise of like tenor for the
appropriate balance of the Shares, or a portion thereof, purchasable under the Grant of Option pursuant to the Plan, be delivered to
Optionor when and as appropriate.

 

	 	 	OPTIONEE:
	 	 	 
	 	 	(NOT
    FOR EXECUTION)
	Dated:Exhibit
10.4 

 

GRANT OF OPTION (NONQUALIFIED)
PURSUANT TO THE 

2021 AMERGENT HOSPITALITY
GROUP INC. INDUCEMENT PLAN 

 

Frederick L. Glick
- August 2, 2021 - Option Grant 2

 

Amergent Hospitality Group Inc.,
a Delaware corporation (the “Company”), hereby grants to Frederick L. Glick (“Optionee”) a nonqualified option
to purchase an aggregate of 300,000 shares of common stock of the Company, $0.0001 par value (shares of common stock of the Company referred
to herein as “Shares”), 100,000 of which are exercisable at $0.56 per Share, 100,000 of which are exercisable at $0.81 per
Share, and 100,000 of which are exercisable at $1.08 per Share. This Grant of Option vests in twelve equal installments, the first installment
vesting August 2, 2021, and the remaining installments vesting on each of October 1, 2021, January 1, 2022, April 1, 2022, July 1, 2022,
October 1, 2022, January 1, 2023, April 1, 2023, July 1, 2023, October 1, 2023, January 1, 2024, and April 1, 2024. These option awards
further vest based on exercise price, with lower priced options vesting first and are subject to the terms and conditions of the 2021
Inducement Plan (the “Plan”) and the terms and conditions of that certain Employment Agreement effective July 1, 2021, by
and between the Optionee and the Company (“Employment Agreement”). This Grant of Option is not intended
to be an “incentive stock option” within the meaning of section 422 of the Code, and therefore is a nonqualified stock option.
The exercise of this Grant of Option is subject to the Optionee making appropriate tax withholding arrangements with the Company in accordance
with the terms of the Plan and the administrative procedures established by the Company from time to time.

 

Subject to the terms and conditions
of the Plan and the Employment Agreement, this Grant of Option is exercisable, in whole or in part, only as to vested Shares, no later
than August 1, 2026 (the “Expiration Date”) during optionee’s continued employment with the Company by (i) notice in
writing, signed by Optionee; and (ii) payment of the Purchase Price pursuant to the terms of this Grant of Option and the Plan. The notice
must refer to this Grant of Option, must specify the number of Shares being purchased, and must recite the consideration being paid therefor.
Notice shall be deemed given on the date on which the notice is received by the Company.

 

If payment is not received within
two business days after the date the notice is received, the Company may deem the notice to be invalid. If Optionee fails to exercise
this Grant of Option in accordance with the terms and conditions hereof, then this Grant of Option shall terminate and have no force and
effect, in which event the Company and Optionee shall have no liability to each other with respect to this Grant of Option.

 

Optionee shall, not later than the
date as of which the exercise of this Option becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements
satisfactory to the Company for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable
event. The Company shall have the authority to cause the required tax withholding obligation to be satisfied, in whole or in part, by
withholding from Shares to be issued to the Optionee a number of Shares with an aggregate fair market value that would satisfy the withholding
amount due; provided, however, that the amount withheld does not exceed the maximum statutory tax rate or such lesser amount as is necessary
to avoid adverse accounting treatment or as determined by the Company.

 

This Grant of Option may be executed
in counterparts delivered by facsimile, electronic mail (including any electronic signature complying with the U.S. Federal E-SIGN Act
of 2000) or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be
valid and effective for all purposes. All counterparts shall constitute one and the same instrument. The validity, construction and enforceability
of this Grant of Option shall be construed under and governed by the laws of the State of Delaware, without regard to its rules concerning
conflicts of laws, and any action brought to enforce this Grant of Option or resolve any controversy, breach or disagreement relative
hereto shall be brought only in a court of competent jurisdiction within the Mecklenburg County, State of North Carolina.

 

	 	AMERGENT
    HOSPITALITY GROUP INC. 
	 	 	 
	 	By:	/s/
    Michael D. Pruitt 
	 	 	Michael
    D. Pruitt, CEO
	 	 	 

 

	OPTIONEE:	 
	 	 	 
	Signature:	/s/
    Frederick L. Glick	 
	 	Frederick
    L. Glick	 

 

    	 

    	 

    

 

 

FORM OF

NOTICE OF EXERCISE

(TO BE SIGNED ONLY UPON
EXERCISE OF THE GRANT OF OPTION)

 

TO: Amergent Hospitality Group
Inc. (“Optionor”)

 

The undersigned, the holder of
the Grant of Option described above, hereby irrevocably elects to exercise the purchase rights represented by such Grant of Option for,
and to purchase thereunder, _____________ shares of the common stock, $0.0001 par value of Amergent Hospitality Group Inc. (“Shares”),
and herewith makes payment of _________________ therefor. Optionee requests that the certificates for such Shares be issued in the name
of Optionee and be delivered to Optionee at the address of __________________________________, and if such Shares shall not be all of
the Shares purchasable hereunder, represents that a new Notice of Exercise of like tenor for the appropriate balance of the Shares, or
a portion thereof, purchasable under the Grant of Option pursuant to the Plan, be delivered to Optionor when and as appropriate.

  

	 	 	 	OPTIONEE:
	 	 	 	 
	 	 	 	(NOT FOR EXECUTION)
	Dated:

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