SEC Contract Filing

Filing Date: 2023-05-15

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>6
<FILENAME>ex10-6.htm
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.6</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NUZEE,
INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>STOCK
OPTION AGREEMENT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(2023
Equity Incentive Plan)</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Incentive
Stock Options</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Stock Option Agreement (the &ldquo;<B>Agreement</B>&rdquo;) is entered into as of [__________], (the &ldquo;<B>Grant Date</B>&rdquo;)<B>,
</B>by and between NuZee, Inc., a Nevada corporation (the &ldquo;<B>Company</B>&rdquo;), and [_____________] (the &ldquo;<B>Optionee</B>&rdquo;)
pursuant to the NuZee, Inc. 2023 Equity Incentive Plan (the &ldquo;<B>Plan</B>&rdquo;). Any capitalized term used herein but not defined
in this Agreement shall have the same meaning ascribed to it in the Plan. In the event of a conflict or inconsistency between the terms
and conditions of this Agreement and the Plan, the terms and conditions of the Plan shall govern.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1. <U>Grant
of Option</U>. The Company hereby grants to Optionee an option (the &ldquo;<B>Option</B>&rdquo;) to purchase all or any portion of a
total of [_________] shares of the Common Stock of the Company (the &ldquo;<B>Shares</B>&rdquo;) at a purchase price of $[________] per
share (the &ldquo;<B>Exercise Price</B>&rdquo;), which price equals the per share Fair Market Value of a Share as of the Grant Date and
is subject to the terms and conditions set forth herein and the provisions of the Plan. This Option is intended to qualify as an &ldquo;incentive
stock option&rdquo; as defined in Section 422 of the Code. Nevertheless, to the extent the Option exceeds the $100,000 limitation described
in Section 422(d) of the Code and in Section 5.5 of the Plan, the Option shall be treated as a nonqualified stock option. If this Option
fails in whole or in part to qualify as an incentive stock option, then this Option, in such whole or part, shall constitute a nonqualified
stock option. The Company shall not be liable to Optionee if this Option, in whole or in part, for any reason is deemed not to be an
&ldquo;incentive stock option&rdquo; within the meaning of Section 422 of the Code.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2. <U>Vesting
of Option</U>. No portion of this Option may be exercised until such portion shall have become exercisable. The right to exercise this
Option shall vest pursuant to the vesting terms set forth in this Section 2. The Option may be exercised, in whole or in part, in accordance
with the following vesting schedule:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1 [_____]
Shares upon the Company&rsquo;s achievement of [__________];</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2 [_____]
Shares upon the Company&rsquo;s achievement of [__________]; and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3 [_____]
Shares upon the Company&rsquo;s achievement of [__________].</FONT></P>

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