Document:

Exhibit 10.2

 

AMP Holding Inc.

 

100 Commerce Drive

 

Loveland, Ohio 45140

February
13, 2015

Marshall
S. Cogan

Letter
of Appointment — Board of Directors

Dear
Mr. Cogan:

We
are pleased to offer you the role of Chairman of the Board of Directors (the "Board") of AMP Holding Inc. (the "Company").
This letter contains the terms of your appointment as Chairman of the Board of Directors of the Company and will be effective
from the date of the signing of this letter.

	1.	Your Duties:

 

	a)		You
will be expected to attend and chair all meetings (either in person or by teleconference) of the Board of the Company, of which
we expect to hold approximately four per annum as well as sign all written consents if you deem appropriate. In addition, you
will be expected to perform such other duties as are reasonably contemplated by your holding office as Chairman of the Company
or which may reasonably be assigned to you by the Board from time to time.

	b)		As
Chairman you will:

	i)		Perform
to the best of your abilities and knowledge the duties reasonably assigned to you by the Board from time to time, whether during
or outside business hours and at such places as the Board reasonably requires;

	ii)		Use
all reasonable efforts to promote the interests of the Company;

	iii)		Attend
directors' meetings;

	iv)		Act
in the best interests of the Company; and

	v)		Work
closely with the other directors and the Chief Executive Officer.

 

	c)		As
you will appreciate, however, your time commitment will ultimately be a product of the matters confronting the Company from time
to time and matters properly requiring your attention as a director of the Company.

	2.	Remuneration:

 

	a)		Fees

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	i)		The
Company will pay you an annual fee of US$40,000.

	ii)		The Company shall pay the annual
fee in equal quarterly instalments in arrears on the last day of each quarter. Your first and last instalments of the annual fee
will be apportioned if necessary. The fee will be paid by wire to your nominated bank account.

	iii)		Your
fees shall be subject to adjustment periodically as determined by the Board.

	3.	Expenses: Subject to you providing the Company with
receipts or other evidence of payment, the Company will pay for or reimburse you for all travelling, hotel and other expenses
that are preapproved in writing by the Company and are reasonably incurred by you in connection with attending and returning from
Board, Committee, Company, meetings or otherwise in connection with the Company's business. Reasonable travel and out of pocket
expenses used in connection with the business of the Group shall include:

 

	a)		Domestic
and international travel (economy class under 4 hours and business class over 4 hours); and

	b)		Hotel
accommodation.

	4.	Termination of Appointment:

 

	a)		Your appointment as the Director
may be terminated at any time by the vote of the stockholders of the Company in accordance with the certificate of incorporation
and bylaws of the Company.

	b)		You acknowledge and agree that
if the shareholders of the Company terminate your appointment, you will have no claim of any kind against the Company by reason
of the termination.

 

	c)		You
are at liberty to terminate the appointment at any time by notice in writing to the Company.

	5.	What happens after termination of appointment?

If
your appointment is terminated for any reason or you resign for any reason:

 

	a)		The
Company may set off any amounts you owe the Company against any amounts the Company owes to you as a Director at the date of termination
except for amounts the Company is not entitled by law to set off;

	b)		You must return all the Company's
property (including property leased by the Company) to the Company on termination including all written or machine readable material,
software, computers, credit cards, keys and vehicles; and

	c)		You
must not record any confidential information in any form after termination.

	6.	Prohibited Activities:

 

	a)	 

                                                                                 
	You undertake to the Company
that you will not during the term of your appointment engage in a business or an activity that would place you in a position of
conflict in respect of the performance of your duties.

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	b)		Except
as permitted in this Agreement or as approved by the Company, you will not (i) use any Confidential Information (as defined below)
or (ii) disseminate or in any way disclose the Confidential Information to any person, firm, business or governmental agency or
department. You may use the Confidential Information to perform your Duties for the benefit of Company. You shall treat all Confidential
Information with the same degree of care as you accord to your own confidential information, but in no case shall you use less
than reasonable care. You shall immediately give notice to Company of any unauthorized use or disclosure of the Confidential Information.
You shall assist Company in remedying any the unauthorized use or disclosure of the Confidential Information. You agree not to
communicate any information to Company in violation of the proprietary rights of any third party.

			“Confidential
Information" means (a) any technical and non-technical information related to the Company's business and current, future
and proposed products and services of Company, including for example and without limitation, Company innovations, intellectual
property, and information concerning research, development, design details and specifications, financial information, procurement
requirements, engineering and manufacturing information, customer lists, business forecasts, sales information, marketing plans
and business plans, and provided, in each case, that each is marked as "confidential" or "proprietary" and
(b) any information that Company has received from others that may be made known to you and that Company is obligated to treat
as confidential or proprietary, and provided, in each case, that each is marked as "confidential" or "proprietary".

	7.	Notices and Other Communications:

 

	a)		Service
of Notices

A
notice, demand, consent, approval or communication under this letter (collectively a "Notice") must be:

 

	i)		In writing and in English directed
to the address advised by the recipient for notices, as varied by any notice; and

	ii)		Hand
delivered or sent by prepaid post or facsimile to that address.

	b)		Effective on Receipt: A Notice
given in accordance with section 7a takes effect when received (or at a later time specified in the Notice), and is taken to be
received:

	i)		If
hand delivered, on delivery;

	ii)		If sent by prepaid post, two
Business Days after the date of posting (or seven Business Days after the date of posting if posted to or from outside The United
States of America);

	iii)		If
sent by facsimile, when the sender's facsimile system generates a message confirming successful transmission of the entire Notice
unless, within eight Business Hours after the transmission, the recipient informs the sender that it has not received the entire
Notice;

			but if
                                                                                                                                                                 the delivery, receipt or transmission is not on a Business Day or is after 5.00pm on a Business Day, the Notice is taken to
                                                                                                                                                                 be received at 9.00am on the Business Day after that delivery, receipt or transmission.

	8.	Miscellaneous

 

	a)		Alterations:
This letter may be altered only in writing signed by each party.

 

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		b)	Approvals and consents: Except where this letter expressly
states otherwise, a party may, in its discretion, give conditionally or unconditionally or withhold any approval or consent under
this letter.

		c)	Assignment:
                                         This letter may NOT be assigned by either party.

		d)      
                               	Costs:     Each
                                         party must pay its own costs of negotiating, preparing and executing this letter.

		e)	Survival:
                                         Any indemnity in this letter is independent and survives termination of this letter.
                                         Any other provision by its nature intended to survive termination of this letter survives
                                         termination of this letter.

		f)	Counterparts:
                                         This letter may be executed in counterparts. All executed counterparts constitute one
                                         document.

		g)	No
                                         Merger: The rights and obligations of the parties under this letter do not merge on completion
                                         of any transaction contemplated by this letter.

		h)	Entire
                                         Agreement: This letter constitutes the entire agreement between the parties in connection
                                         with its subject matter and supersedes all previous agreements or understandings between
                                         the parties in connection with its subject matter.

		i)	Further
                                         Action: Each party must do, at its own expense, everything reasonably necessary (including
                                         executing documents) to give full effect to this letter and the transactions contemplated
                                         by it.

		j)	Waiver:
                                         A party does not waive a right, power or remedy if it fails to exercise or delays in
                                         exercising the right, power or remedy. A single or partial exercise of a right, power
                                         or remedy does not prevent another or further exercise of that or another right, power
                                         or remedy. A waiver of a right, power or remedy must be in writing and signed by the
                                         party giving the waiver.

		k)	Relationship:
                                         Except where this letter expressly states otherwise, it does not create a relationship
                                         of employment, agency or partnership between the parties.
	 	 	 
	 	l)	Confidentiality: A party may only use the confidential information of another party for the purposes of this letter, and must
keep the existence of this letter and the terms of it and the confidential information of another party confidential information
except where:
	 	 	 
	 	 	i)	The
information is public knowledge (but not because of a breach of this letter) or the party has independently created the information;
or
	 	 	ii)
	Disclosure is required by law or a regulatory body (including a relevant stock exchange).
	 	 	 
	 	m)	Announcements: A public announcement in connection with this letter or a transaction contemplated by it must be agreed by the
parties before it is made, except if required by law or a regulatory body (including a relevant stock exchange).

	9.	Insurance: The Company has directors' and officers' liability insurance under which you are covered in the US and elsewhere for
all usual risks during the term of your appointment as the Director. The Company will maintain that cover for the full term of
your appointment.

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		10.	Contract for Services: This is a contract for services
and is not a contract of employment.

		11.	Governing
                                         Law: This Agreement shall be governed by the laws of the State of Ohio (without giving
                                         effect to choice of law principles or rules thereof that would cause the application
                                         of the laws of any jurisdiction other than the State of Ohio) and the invalidity or unenforceability
                                         of any provision hereof shall in no way affect the validity or enforceability of any
                                         other provision. Any provision of this Agreement which is prohibited or unenforceable
                                         in any jurisdiction shall, as to such jurisdiction, be ineffective only to the extent
                                         of such prohibition or unenforceability without invalidating or affecting the remaining
                                         provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall
                                         not invalidate or render unenforceable such provision in any other jurisdiction.

Please
sign the attached copy of this letter to indicate that you have read, understood and accept the terms of your appointment.

Yours
Sincerely, AMP 

Holding Inc.

By:

 

Name:
Stephen S. Burns Title:

 

CEO and Director

Agreed
to and accepted by:

5Exhibit
10.3

AMP
HOLDING INC.

STOCK OPTION AGREEMENT

 

THIS STOCK OPTION AGREEMENT
("Agreement") is made and entered into as of February 13, 2015 by and between AMP HOLDING INC., a Nevada corporation
(the "Company"), and the following employee of the Company ("Optionee"):

In consideration
of the covenants herein set forth, the parties hereto agree as follows:

1. Option Information.   

	 	 	 
	(a)		Effective Date of Option:February 13, 2015

	(b)		Optionee:Marshall S. Cogan

	(c)		Number of Shares:7,500,000

	(d)		Exercise Price:$0.15

2. Acknowledgements.

(a)   
Optionee is an employee of the Company.

(b)  
The Board of Directors (the "Board") has authorized the granting to Optionee of a stock option ("Option")
to purchase shares of common stock of the Company ("Stock") upon the terms and conditions hereinafter stated
and pursuant to an exemption from registration under the Securities Act of 1933, as amended (the "Securities Act")
provided by Section 4(2) thereunder.

3. Shares;
Price. Company hereby grants to Optionee the right to purchase, upon and subject to the terms and conditions herein stated,
including, but not limited to, the vesting requirements set forth in Section 5 below, the number of shares of Stock set forth in
Section 1(c) above (the "Shares") for cash at the price per Share set forth in Section 1(d) above (the "Exercise
Price").

4.
Term of Option., Continuation of Service. This Option shall expire, and all rights hereunder to purchase the
Shares shall terminate, three (3) years from the date hereof. This Option shall earlier terminate subject to Section 7 hereof upon,
and as of the date of, the termination of Optionee's employment if such termination occurs prior to the end of such three (3) year
period. Nothing contained herein shall confer upon Optionee the right to the continuation of his or her role employment by the
Company or to interfere with the right of the Company to terminate such role or to increase or decrease the compensation of Optionee
from the rate in existence at the date hereof.

5. Vesting
of Option. Subject to the provisions of Sections 7 and 9 hereof, this Option shall become exercisable during the term of Optionee's
employment as follows: 

	 	 	 
	a.		The Option will vest as to 2,500,000 shares of common stock on the date that is one
year after the Effective Date;

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	b.		The Option will vest as to 2,500,000 shares of common
stock on the date that is two years after the Effective Date; and
	 	 	 

	c.		The Option will vest as to 2,500,000 shares of common stock on the date that is three
years after the Effective Date.

6.        
Exercise. This Option shall be exercised by delivery to the Company of (a) written notice of exercise stating the
number of Shares being purchased (in whole shares only) and such other information set forth on the form of Notice of Exercise
attached hereto as Appendix A, (b) a check or cash in the amount of the Exercise Price of the Shares covered by the notice
and (c) a written investment representation as provided for in Section 13 hereof.

7.        
Termination of Employment. If Optionee shall cease to be employed by the Company for any reason, whether voluntarily
or involuntarily or as a result of death or disability, then the Option shall be terminated except with respect to any vested portion
of the Option. For clarity purposes, following a voluntary termination, involuntary termination, death or disability of Optionee,
all unvested portions of this Option shall terminate.

8.           Intentionally left blank.

9.        
No Rights as Shareholder. Optionee shall have no rights as a shareholder with respect to the Shares covered by any
installment of this Option until the effective date of issuance of the Shares following exercise of this Option, and no adjustment
will be made for dividends or other rights for which the record date is prior to the date such stock certificate or certificates
are issued except as provided in Section 10 hereof.

10.    
Recapitalization. Subject to any required action by the shareholders of the Company, the number of Shares covered
by this Option, and the Exercise Price thereof, shall be proportionately adjusted for any increase or decrease in the number of
issued shares resulting from a subdivision or consolidation of shares.

11.    
Taxation upon Exercise of Option. Optionee understands that, upon exercise of this Option, Optionee will recognize
income, for Federal and state income tax purposes, in an amount equal to the amount by which the fair market value of the Shares,
determined as of the date of exercise, exceeds the Exercise Price. The acceptance of the Shares by Optionee shall constitute an
agreement by Optionee to report such income in accordance with then applicable law and to cooperate with Company in establishing
the amount of such income and corresponding deduction to the Company for its income tax purposes. Withholding for federal or state
income and employment tax purposes will be made, if and as required by law, from Optionee's then current compensation, or, if such
current compensation is insufficient to satisfy withholding tax liability, the Company may require Optionee to make a cash payment
to cover such liability as a condition of the exercise of this Option.

12.     Modification,
Extension and Renewal of Options. The Board may modify, extend or renew this Option or accept the surrender thereof (to
the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not
theretofore exercised), subject at all times to the Internal Revenue Code. Notwithstanding the foregoing provisions
of this Section 12, no modification shall, without the consent of the Optionee, alter to the Optionee's detriment or impair
any rights of Optionee hereunder.

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13.
Investment Intent; Restrictions on Transfer.

(a)          
Optionee represents and agrees that if Optionee exercises this Option in whole or in part, Optionee will in each case acquire
the Shares upon such exercise for the purpose of investment and not with a view to, or for resale in connection with, any distribution
thereof; and that upon such exercise of this Option in whole or in part, Optionee (or any person or persons entitled to exercise
this Option under the provisions of Section 7 hereof) shall furnish to the Company a written statement to such effect, satisfactory
to the Company in form and substance. If the Shares represented by this Option are registered under the Securities Act, either
before or after the exercise of this Option in whole or in part, the Optionee shall be relieved of the foregoing investment representation
and agreement and shall not be required to furnish the Company with the foregoing written statement.

(b)         
Optionee further represents that Optionee has had access to the financial statements or books and records of the Company,
has had the opportunity to ask questions of the Company concerning its business, operations and financial condition, and to obtain
additional information reasonably necessary to verify the accuracy of such information

(c)          
Unless and until the Shares represented by this Option are registered under the Securities Act, all certificates
representing the Shares and any certificates subsequently issued in substitution therefor and any certificate for any securities
issued pursuant to any stock split, share reclassification, stock dividend or other similar capital event shall bear legends in
substantially the following form:

THESE SECURITIES HAVE NOT
BEEN REGISTERED OR OTHERWISE QUALIFIED UNDER THE SECURITIES ACT OF 1933 (THE 'SECURITIES ACT') OR UNDER THE APPLICABLE OR SECURITIES
LAWS OF ANY STATE. NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF
IN THE ABSENCE OF REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE SECURITIES LAWS OF ANY STATE, UNLESS PURSUANT TO EXEMPTIONS
THEREFROM.

and/or such other legend or
legends as the Company and its counsel deem necessary or appropriate. Appropriate stop transfer instructions with respect to the
Shares have been placed with the Company's transfer agent.

14. Stand-off
Agreement. Optionee agrees that, in connection with any registration of the Company's securities under the
Securities Act, and upon the request of the Company or any underwriter managing an underwritten offering of the Company's
securities, Optionee shall not sell, short any sale of, loan, grant an option for, or otherwise dispose of any of the Shares
(other than Shares included in the offering) without the prior written consent of the Company or such managing underwriter,
as applicable, for a period of at least one year following the effective date of registration of such offering.

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 15.    
Intentionally Left Blank.

16.    
Notices. Any notice required to be given pursuant to this Option shall be in writing and shall be deemed to
be delivered upon receipt or, in the case of notices by the Company, five (5) days after deposit in the U.S. mail, postage prepaid,
addressed to Optionee at the address last provided by Optionee for his or her records.

17.    
Applicable Law. This Option has been granted, executed and delivered in the State of Ohio, and the interpretation
and enforcement shall be governed by the laws thereof and subject to the exclusive jurisdiction of the courts therein.

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

 

	COMPANY:	AMP
HOLDING INC.,
	 	 a Nevada corporation

	 	 
	 	By: 	/s/ Stephen S. Burns
	 	 	Name: Stephen S. Burns
Title: CEO

 

	 	
	 	 
	OPTIONEE

	By: 	/s/ Marshall S. Cogan
	 		Name: Marshall S. Cogan

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