SEC Contract Filing

Filing Date: 2017-08-28

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<DESCRIPTION>EXHIBIT 10.2
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<P style="TEXT-ALIGN: center"><B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">MCIG, INC.</FONT></B></P>

<P style="TEXT-ALIGN: center"><B><U><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">NOTICE OF GRANT OF STOCK OPTION</FONT></U></B></P>

<P style="TEXT-ALIGN: left"><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Notice is hereby given of the following option grant (the &#8220;Option&#8221;) to purchase shares of the Common Stock of mCig, Inc., (the &#8220;Corporation&#8221;):</FONT></P>

<P style="TEXT-ALIGN: left"><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Grant #:</FONT></U><BR><BR><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Optionee</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">:</FONT><BR><BR><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Grant Date</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">:</FONT><BR><BR><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Vesting Commencement Date</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">:</FONT><BR><BR><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Exercise Price</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">:</FONT><BR><BR><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Number of Option Shares</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">:</FONT><BR><BR><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Expiration Date</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">:</FONT><BR><BR><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Type of Option:</FONT></U></P>

<P style="TEXT-ALIGN: left"><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Date Exercisable</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">:</FONT></P>

<P style="TEXT-ALIGN: left"><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Vesting Schedule:</FONT></U></P>

<P style="TEXT-ALIGN: justify"><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Termination Period: </FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">This option may be exercised for three months after the optionee's Termination Date, except that if the Optionee's Termination of Service is for Cause, this option shall terminate on the Termination Date. Upon the death or Disability of the optionee, this option may be exercised for 12 months after the optionee's Termination Date. Special termination periods are set forth in Section 1 of the Purchase Agreement. In no event may this option be exercised later than the Term of Award/Expiration Date provided above.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Optionee understands and agrees that the Option is granted subject to and in accordance with the terms of the 2017 mCIG, Inc. Stock Option Plan (the &#8220;Plan&#8221;). Optionee further agrees to be bound by the terms of the Plan and the terms of the Option as set forth in the Stock Option Agreement attached hereto as Exhibit A.</FONT></P>

<P style="TEXT-ALIGN: justify"><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Optionee hereby acknowledges receipt of a copy of the Purchase Agreement in the form attached hereto as Exhibit B and is bound to the terms and conditions of the Purchase Agreement.</FONT></P>

<P style="TEXT-ALIGN: justify"><B><U><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">REPURCHASE RIGHTS</FONT></U></B><B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">. OPTIONEE HEREBY AGREES THAT ALL OPTION SHARES ACQUIRED UPON THE EXERCISE OF THE OPTION SHALL BE SUBJECT TO CERTAIN REPURCHASE RIGHTS AND RIGHTS OF FIRST REFUSAL EXERCISABLE BY THE CORPORATION AND ITS ASSIGNS.</FONT></B></P></DIV>

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<P style="TEXT-ALIGN: left"><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">At Will Employment</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">. Nothing in this Notice or in the attached Stock Option Agreement or Plan shall confer upon Optionee any right to continue in Service for any period of specific duration or interfere with or otherwise restrict in any way the rights of the Corporation (or any Parent or Subsidiary employing or retaining Optionee) or of Optionee, which rights are hereby expressly reserved by each, to terminate Optionee&#8217;s Service at any time for any reason, with or without cause.</FONT></P>

<P style="TEXT-ALIGN: left"><U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">Definitions</FONT></U><FONT size=3 face="Times New Roman,Times New Roman,Times,serif">. All capitalized terms in this Notice shall have the meaning assigned to them in this Notice or in the attached Stock Option Agreement.</FONT></P>

<P style="TEXT-ALIGN: left"><B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">DATED: December 2, 2016</FONT></B></P>

<P style="TEXT-ALIGN: left"><B><FONT size=3 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">MCIG, INC.</FONT></B></P>

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