SEC Contract Filing

Filing Date: 2016-09-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.02
<SEQUENCE>3
<FILENAME>v448273_ex10-02.htm
<DESCRIPTION>EXHIBIT 10.02
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.02</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

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 <TD STYLE="width: 50%; padding: 0; font-size: 10pt; text-indent: 0; border-bottom: Black 1pt solid"><img src="image_001.jpg" alt='"AEC logo??????"' style="height: 76px; width: 127px"></td>
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 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-align: right"><b><i>American Education Center Inc.</i></b></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-align: right"><b><i>2 Wall Street, 8<sup>th</sup>Fl.
 New York, NY 10005</i></b></P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5pt 0pt 0; text-align: right"><b><i>Tel: 646-780-8118</i></b></P></td></tr>
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 <TD STYLE="padding: 0; font-size: 10pt; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #996600"><I>American
 Education Center</I></FONT></td>
 <TD STYLE="padding: 0; font-size: 10pt; text-indent: 0">&nbsp;</td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMERICAN EDUCATION CENTER, INC.</B></P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This<B> Nonstatutory Stock Option Agreement </B>(&quot;<B>Agreement</B>&quot;)
is made and entered into as of the date set forth below, by and between American Education Center, Inc., a Nevada corporation (the
&quot;<B>Company</B>&quot;), and the employee of the Company or any subsidiary thereof (&quot;<B>Optionee</B>&quot;) named in Section
1(b):</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In consideration of
the covenants herein set forth, the parties hereto agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <U>Option Information.</U></P>

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 <TD STYLE="width: 5%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</font></td>
 <TD STYLE="border-bottom: black 1pt solid; width: 37%"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date of Option: August 29, 2016</font></td>
 <TD STYLE="width: 51%">&nbsp;</td></tr>
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 <TD>&nbsp;</td>
 <TD><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</font></td>
 <TD STYLE="border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Optionee: Jonathan McKeage</font></td>
 <TD>&nbsp;</td></tr>
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 <TD><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c) </font></td>
 <TD STYLE="border-bottom: black 1pt solid"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of Shares:&nbsp;&nbsp;300,000</font></td>
 <TD>&nbsp;</td></tr>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify; text-indent: -1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">2. <U>Acknowledgements.</U></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a) Optionee is an
employee of the Company or subsidiary of the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(b) The Board of Directors
(the &quot;<B>Board</B>&quot; which term shall include an authorized committee of the Board of Directors) of the Company have heretofore
adopted a 2015 Equity Incentive Plan (the &quot;<B>Plan</B>&quot;), pursuant to which this Option is being granted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(c) The Board has authorized
the granting to Optionee of a nonstatutory stock option (&quot;<B>Option</B>&quot;) to purchase shares of common stock of the Company
(&quot;<B>Stock</B>&quot;) upon the terms and conditions hereinafter stated and pursuant to an exemption from registration under
the Securities