SEC Contract Filing

Filing Date: 2019-03-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.36(A)
<SEQUENCE>4
<FILENAME>ostk-20181231xexx1036a.htm
<DESCRIPTION>EXHIBIT 10.36(A)
<TEXT>
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<div><a name="sb21e12bbca98483dbda694075b62046b"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">MEDICI VENTURES, INC.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NONQUALIFIED STOCK OPTION AGREEMENT</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This Nonqualified Stock Option Agreement ("</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Option Agreement</font><font style="font-family:inherit;font-size:10pt;">") is between Medici Ventures, Inc., Delaware corporation (the "</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Company</font><font style="font-family:inherit;font-size:10pt;">"), and ___________________________ ("</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Optionee</font><font style="font-family:inherit;font-size:10pt;">"), who agree as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 1. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Introduction</font><font style="font-family:inherit;font-size:10pt;">. The Company has previously adopted the Medici Ventures, Inc. Stock Option Plan (the "</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Plan</font><font style="font-family:inherit;font-size:10pt;">") for the purpose of providing eligible Employees, Directors and Consultants (as defined in the Plan) with increased incentive to render services, to exert maximum effort for the business success of the Company and to strengthen the identification of such individuals with the shareholders. The Company, acting through the Administrator (as defined in the Plan), has determined that its interests will be advanced by the issu-ance to Optionee of an Option under the Plan.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 2. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Option</font><font style="font-family:inherit;font-size:10pt;">. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to Optionee the right and option ("</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Option</font><font style="font-family:inherit;font-size:10pt;">") to purchase from the Company ________ shares of the Company's common stock, $0.01 par value ("</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Common Stock</font><font style="font-family:inherit;font-size:10pt;">"), at an Option Exercise Price of $______ per share. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Section 3. &#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Option Period</font><font style="font-family:inherit;font-size:10pt;">. The Option herein granted may be exercised by Optionee in whole or in part at any time during a ten (10) year period (the "</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Option Period</font><font style="font-family:inherit;font-size:10pt;">") beginning on _______________ (the "</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Date of Grant</font><font style="font-family:inherit;font-size:10pt;">"), subject to the limitation that the Option shall not be exercisable for more than a percen-tage of the aggregate number of shares offered by the Option determined by the number of Optionee's full years of employment with the Company from the Date of Grant to the date of such exercise, in accordance with the following schedule:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Number of&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Percentage of</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Full Years</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#1