Option No. 8

NRIPRESS.IN 

STOCK OPTION AGREEMENT

Type of Option (check one):                   o Incentive         Nonqualified

 This Stock Option Agreement (the “Agreement”) is entered into as of  July 01, 2023 by and between NRIpress.in, division of NRIpress.Com Incorporated, a California corporation (the “Company”), USA  and YOUR NAME , California, USA  (the “Optionee”) pursuant to the Company’s 2009 Stock Incentive Plan (the “Plan”).  Any capitalized term not defined herein shall have the same meaning ascribed to it in the Plan.

1. Grant of Option.  The Company hereby grants to Optionee an option (the “Option”) to purchase all or any portion of a total of One hundred Thousands (50,000) shares (the “Shares”) of the Common Stock of the Company at fixed price of $0.25 per share, 75% discount (the “Exercise Price”), subject to the terms and conditions set forth herein and the provisions of the Plan.  If the box marked “Incentive” above is checked, then this Option is intended to qualify as an “incentive stock option” as defined in Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”).  If this Option fails in whole or in part to qualify as an incentive stock option, or if the box marked “Nonqualified” is checked, then this Option shall to that extent constitute a nonqualified stock option.

2.           Vesting of Option. 

The right to exercise this Option shall vest in installments, and this Option shall be exercisable from time to time in whole or in part as to any vested installment (“Vested Shares”).  Twenty-five percent (25%) of the Shares shall become Vested Shares on the first anniversary as per Grant Option Above 

Starting July 01, 2023,  you will serve as Vice President of News Media in Southern California

Starting July 01, 2023, your duties will include:

• News, Video and press releases by covering the NRI events in surrounding areas.
• NRIpress.club activities include: To help Needy NRIs, to promote NRI Businesses, Encourage NRI Youths, Organize Annual Functions and seminars to honor the best and the brightest of our NRIs and help to set up NRIpress-Club in major cities of the world.
• You will also attend the meetings of NRIpress-club for further development and press coverages
• You shall also coordinate with our  worldwide operation  to update news/videos and photography
• All data of news/Video/photos  and other related software and products  shall be the  property of NRIpress.com
• Press release must be done within 24-48 hours:  This is general practice in news media and all the team members are anxious to make a press release ASAP.
• In 2023, we expect that any event finished, within hours photo or video shall be posted through email or other  IT directions.

TO COMPENSATE ABOVE SERVICES OUR REVENUE SHARING POLICY IS:

24) 

If any reason, services were not performed (photos,video or press release) in time, NRIpress.com Inc.’ management have the rights to provide the contract to the third party. Both Parties have the right to provide one month notice  and there will be no liability.