Notice of Grant
GLOBAL HEALTHCARE REIT, INC.
NOTICE OF GRANT OF STOCK OPTION
Notice is hereby given of the following option grant (the “Option”) to purchase shares of the Common Stock of Global Healthcare REIT, Inc., a Utah corporation (the “Company”):
| OPTIONEE: | ZVI RHINE |
| GRANT DATE: | APRIL 1 2018, |
| VESTING COMMENCEMENT DATE: | APRIL 1, 2018 |
| EXERCISE PRICE: | $0.36 PER SHARE |
| NUMBER OF OPTION SHARES: | 600,000 SHARES OF COMMON STOCK |
| EXPIRATION DATE: | FIVE YEARS FOLLOWING GRANT DATE |
| TYPE OF OPTION: | [ ] INCENTIVE STOCK OPTION [X] NON-STATUTORY STOCK OPTION |
| DATE EXERCISABLE: | UPON EACH VESTING DATE |
| VESTING SCHEDULE: | 150,000 ON GRANT DATE
150,000 TWELVE MONTHS FOLLOWING GRANT DATE
150,000 EIGHTEEN MONTHS FOLLOWING GRANT DATE
150,000 TWENTY-FOUR MONTHS FOLLOWING GRANT DATE |
For purposes of the Option, the term “Service” shall mean the provision of full time services to the Company (or any Subsidiary or Affiliate) by a person in the capacity of an executive officer or employee.
Definitions. All capitalized terms in this Notice shall have the meaning assigned to them in this Notice or in the attached Stock Option Agreement.
DATED: ________________, 2016.
| OPTIONEE: | COMPANY: | |
| Zvi Rhine | Global Healthcare REIT, Inc. | |
| Signature: | By: | |
| Printed Name: Zvi Rhine |
| Address: | |
