General. The Board may grant options to purchase Common Stock (each, an “Option”) and determine the number of shares of Common Stock to be covered by each Option, the exercise price of each Option and the conditions and limitations applicable to the exercise of each Option, including conditions relating to applicable federal or state securities laws, as it considers necessary or advisable.

Grant of Option. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to the Grantee a nonqualified stock option (the “Option”) to purchase up to 200,000 shares of Common Stock (“Shares”) at an exercise price of ​1 per Share (the “Strike Price”).

Cosmos desires to purchase from the ​, and the ​ desire to sell to Cosmos, the Shares in exchange for shares of Cosmos Common Stock, all on the terms and subject to the conditions set forth in this Agreement (the “Exchange”).

Purchaser agrees to buy and the Company agrees to sell and issue to Purchaser shares of common stock, par value $0.01 per share (the “Common Stock”), of the Company for an aggregate purchase price (the “Purchase Price”) equal to the product of # the aggregate number of shares of Common Stock the Purchaser has agreed to purchase and # the purchase price per share of Common Stock, each as set forth on the signature page hereto. The Purchase Price is set forth on the signature page hereto.

“Stock Option” means a contractual right granted to an Eligible Person under [Section 6] hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

The authorized capital stock of ​ as of the date of this Agreement consists of 5,000,000 shares, par value of $2.00, of common stock (the “​ Common Stock”) and 101,000 outstanding options to purchase ​ Common Stock (the “​ Stock Options”). As of the date hereof, 563,527 shares of ​ Common Stock were issued and outstanding and no shares of ​ Common Stock were held as treasury shares.

(n) “Fully Diluted Basis” means at any date of determination, treating all shares of Common Stock, Common Stock Equivalents and any reserved but unissued options to purchase Common Stock or Common Stock Equivalents of the Company under the Company’s option pool as being outstanding as shares of Common Stock.

purchase or otherwise acquire more than a de minimis number of shares of its Common Stock or Common Stock Equivalents;

Investors will purchase the number of units (the “Units”) set forth on the signature page to the Subscription Agreement at a purchase price of $25,000 per Unit. Each Unit consists of 100,000 shares of Common stock, (the “Series A Preferred” or “Shares”), of MCig, Inc., a Nevada corporation (the “Company”) and a five-year warrant, with an exercise price of $0.50 per share, (the “Warrants”) to purchase 50,000 shares of Common Stock. The subscription for the Units will be made in accordance with and subject to the terms and conditions of the Subscription Agreement and the Memorandum (as defined in the Subscription Agreement).

Purchase and Sale. Subject to the terms and conditions of this Agreement, ​ agrees to purchase from AVRS, and AVRS agrees to sell to ​, 1,800,000 shares of the common stock of AVRS, referred to as the “Shares”. This agreement does not apply to, and no referral fee shall be owed in connection with any proposed consultant agreements.