UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
CV Sciences, Inc. (formerly CannaVEST Corp.)
(Name of Issuer)
Common Stock
(Title of Class of Securities)
137653101
(CUSIP Number)
Michael Joseph Mona, Jr.
2688 South Rainbow Boulevard, Suite B
Las Vegas, Nevada 89146
866-290-2157
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 8, 2014
(Date of Event Which Requires Filing of this
Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box. ¨
* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
CUSIP No. 137653101
|
|
|
|
|
1. |
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Joseph Mona, Jr. |
|
|
2. |
|
CHECK THE APPROPRIATE
BOX IF A MEMBER OF A GROUP (See Instructions)
(a) o
(b) x |
|
|
3. |
|
SEC USE ONLY
|
|
|
4. |
|
SOURCE OF FUNDS (See Instructions)
OO |
|
|
5. |
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
o |
|
|
6. |
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
|
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
|
7. |
|
SOLE VOTING POWER
3,000,000 |
|
8. |
|
SHARED VOTING POWER
3,000,000 |
|
9. |
|
SOLE DISPOSITIVE POWER
3,000,000 |
|
10. |
|
SHARED DISPOSITIVE POWER
3,000,000 |
11. |
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,000,000 |
|
|
12. |
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
o |
|
|
13. |
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.0% (1) |
|
|
14. |
|
TYPE OF REPORTING PERSON (See Instructions)
IN |
|
|
|
|
|
|
|
|
|
|
|
(1) | Based on 46,210,159 shares of common stock outstanding as of December 30, 2015, based on 35,210,159
shares of common stock outstanding as of November 16, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed
on November 16, 2015, the issuance of 5,000,000 shares of common stock by the Issuer on December 30, 2015, as reported in the Issuer’s
Current Report on Form 8-K filed on January 4, 2016, and assuming the exercise of the 6,000,000 stock options to purchase shares
of Common Stock of the Issuer by the Reporting Person. |
ITEM 1. SECURITY AND ISSUER
This statement on Schedule 13D (“Statement”)
relates to the common stock, no par value per share (the “Common Stock”), of CV Sciences, Inc., formerly CannaVEST
Corp., a Delaware corporation (the “Issuer”). The address of the principal executive office of the Issuer is 2688 South
Rainbow Boulevard, Suite B, Las Vegas, Nevada 89146.
ITEM 2. IDENTITY AND BACKGROUND
(a) This Statement is filed on behalf of Mr.
Michael J. Mona, Jr., a natural person (the “Reporting Person”).
(b) The Reporting Person’s business address
is 2688 South Rainbow Boulevard, Suite B, Las Vegas, Nevada 89146.
(c) The Reporting Person is the Chief Executive
Officer and President of the Issuer and serves as a director on the Board of Directors of the Issuer.
(d) During the past five years, the Reporting
Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, the Reporting
Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of
which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation of such laws.
(f) The Reporting Person is a citizen of the
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Reporting Person is the Chief Executive
Officer and President of the Issuer and serves as a director on the Board of Directors of the Issuer. On December 8, 2014, the
Compensation Committee of the Board of Directors of the Issuer approved a grant of 4,000,000 stock options to purchase shares of
Common Stock (the “December 2014 Option”) to the Reporting Person pursuant to a Stock Option Grant Notice, dated December
8, 2014, under the Issuer’s Amended and Restated 2013 Equity Incentive Plan (the “Plan”). The December 2014 Option
has a term of ten (10) years, with 67% vested as of the date of grant and the remainder vesting in twelve (12) equal monthly installments
measured from January 31, 2015, and was granted with an exercise price equal to the fair market value of the Common Stock at the
time of the grant, which was $2.64 per share. On September 23, 2015, the Board of Directors of the Issuer approved a grant of 1,470,000
stock options to purchase shares of Common Stock (the “September 2015 Option”) to the Reporting Person pursuant to
a Stock Option Grant Notice, dated September 23, 2015, under the Plan. The September 2015 Option has a term of ten (10) years,
was 100% vested as of the date of grant and was granted with an exercise price equal to the fair market value of the Common Stock
at the time of the grant, which was $0.73 per share. On December 28, 2015, the Board of Directors of the Issuer approved a grant
of 530,000 stock options to purchase shares of Common Stock (the “December 2015 Option”) to the Reporting Person pursuant
to a Stock Option Grant Notice, dated December 28, 2015, under the Plan. The December 2015 Option has a term of ten (10) years,
was 100% vested as of the date of grant and was granted with an exercise price equal to the fair market value of the Common Stock
at the time of the grant, which was $0.155 per share.
Pursuant to that certain Decree of Divorce,
dated July 23, 2015 (the “Decree”), issued by the District Court, Clark County, Nevada (the “Court”), the
Court awarded 3,000,000 shares of the December 2014 Option to Ms. Rhonda Mona, the ex-wife of the Reporting Person. Pursuant to
the Plan the stock options to purchase shares of Common Stock granted under the Plan may not be transferred, however, pursuant
to the Decree the Reporting Person believes that Ms. Mona has shared beneficial ownership of 3,000,000 of the shares of Common
Stock that would be acquired upon exercise of the December 2014 Option.
ITEM 4. PURPOSE OF TRANSACTION
The Reporting Person is a control person of
the Issuer. The securities of the Issuer were acquired by the Reporting Person for investment and not with the purpose nor with
the effect of changing or influencing control of the Issuer nor in connection with or as a participant in any transaction having
such purpose or effect. See Item 3 of this Statement, which is hereby incorporated by reference in this Item 4.
Except to the extent the foregoing may be
deemed a plan or proposal, the Reporting Person has no present plan or proposal which relates to, or could result in, any of the
events referred to in paragraphs (a) through (j), inclusive, of Item 4 of Schedule 13D. The Reporting Person may, at any time
and from time to time, review or reconsider his position and/or change his purpose.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of the date of this Statement, the Reporting
Person may be deemed to beneficially own an aggregate of 6,000,000 unexercised stock options to purchase shares of Common Stock,
which constitutes 13.0% of the shares of Common Stock outstanding. The percentages set forth in Row 13 of the cover pages and this
Item 5(a) assumes that 40,210,159 shares of Common Stock were outstanding as of the date of this Statement, based on 35,210,159
shares of Common Stock outstanding as of November 16, 2015, as reported in the Issuer’s Quarterly Report on Form 10-Q filed
on November 16, 2015, the issuance of 5,000,000 shares of Common Stock by the Issuer on December 30, 2015, as reported in the Issuer’s
Current Report on Form 8-K filed on January 4, 2016, and assuming the exercise of the 6,000,000 stock options to purchase shares
of Common Stock by the Reporting Person.
(b) The Reporting Person has sole voting power
and sole dispositive power with respect to 3,000,000 shares of Common Stock. The Reporting Person and his ex-spouse, Ms. Rhonda
Mona, have shared voting power and shared dispositive power with respect to 3,000,000 shares of Common Stock. As stated in Item
3 above, pursuant to the Decree, the Court awarded 3,000,000 shares of the December 2014 Option to Ms. Mona. Pursuant to the Plan
the stock options to purchase shares of Common Stock granted under the Plan may not be transferred, however, pursuant to the Decree
the Reporting Person believes that Ms. Mona has shared beneficial ownership of 3,000,000 of the shares of Common Stock that would
be acquired upon exercise of the December 2014 Option. The business address for Ms. Mona is 2688 South Rainbow Boulevard, Suite
B, Las Vegas, Nevada 89146. Ms. Mona is currently unemployed and is a United States citizen. During the past five years, Ms. Mona
has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) nor has she been a party
to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is
subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation of such laws
See Item 2 of this Statement, which is hereby
incorporated by reference in this Item 5(b).
(c) Other than as set forth above and
in Items 3 and 4 of this Statement, which are hereby incorporated by reference in this Item 5(c), the Reporting Person and any
persons named in Item 5(a) above have not effected any transaction relating to the Issuer’s Common Stock during the past
60 days.
(d) To the Reporting Person’s knowledge,
except as set forth in Item 3 and Item 5(a) above, no other person has the right to receive or the power to direct the receipt
of dividends from, or the proceeds from the sale of, his shares of Common Stock of the Issuer.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER
Other than as set forth in Item 3 and Item
5 of this Statement, the Reporting Person is not subject to any contracts, arrangements, understandings or relationships with respect
to the securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 Stock Option Grant Notice, dated December 8, 2014.
Exhibit 2 Stock Option Grant Notice, dated September 23, 2015.
Exhibit 3 Stock Option Grant Notice, dated December 28, 2015.
Exhibit 4 Decree of Divorce, dated
July 23, 2015, issued by the District Court, Clark County, Nevada.+
+This exhibit has been omitted pursuant to a request for confidential
treatment and filed separately with the Securities Exchange Commission.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and correct.
February 12, 2016
Date
/s/ Michael J. Mona, Jr.
Michael J. Mona, Jr.
Exhibit 1
CannaVEST
Corp.
Stock Option Grant Notice
Amended and Restated 2013 Equity Incentive Plan
FOR GOOD AND VALUABLE CONSIDERATION,
CannaVEST Corp. (the “Company”), hereby grants to the Optionee named below, a stock option (the “Option”)
to purchase any part or all of the specified number of shares of its Common Stock (“Option Shares”),
upon the terms and subject to the conditions set forth in this Stock Option Grant Notice (the “Grant Notice”),
at the specified purchase price per share without commission or other charge. The Option is granted pursuant to the Company’s
Amended and Restated 2013 Equity Incentive Plan (the “Plan”) and the Stock Option Agreement (the “Option
Agreement”), promulgated under the Plan and in effect as of the date of this Grant Notice.
Optionee: |
Michael Mona, Jr. |
Date of Grant: |
December 8, 2014 |
Vesting Commencement Date: |
December 8, 2014 |
Number of Option Shares : |
4,000,000 |
Exercise Price (Per Share): |
$2.64 |
Total Exercise Price: |
$10,560,000.00 |
Expiration Date: |
Ten years after Date of
Grant |
Type of Grant: x Incentive
Stock Option1 o Nonstatutory Stock Option
Exercise Schedule: x
Same as Vesting Schedule o Early Exercise Permitted
Vesting Schedule: Except as otherwise
provided in the Option Agreement, the number of Option Shares that are vested (disregarding any resulting fractional share) as
of any date shall be determined as follows: (i) 2,666,667 Option Shares will be vested on the Vesting Commencement Date; and (ii)
1,333,333 of the Option Shares will be vested in a series of twelve (12) successive equal monthly installments measured from January
31, 2015, provided, however, that there has not been a Termination of Service as of each such date. In no event will the
Option become exercisable for any additional Option Shares after a Termination of Service.
Payment: By one or a combination of the
following items (described in the Plan):
| x | By cash or check |
| | |
| o | By
net exercise, if the Company has established procedures for net exercise |
Additional Terms/Acknowledgements:
The undersigned Optionee acknowledges receipt of, and understands and agrees to, this Stock Option Grant Notice, the Option Agreement,
and the Plan.
Further, by their signatures below,
the Company and the Optionee agree that the Option is governed by this Grant Notice and by the provisions of the Plan and Option
Agreement, both of which are attached to and made a part of this Grant Notice. Optionee acknowledges receipt of copies of the Plan
and the Option Agreement, represents that the Optionee has read and is familiar with their provisions, and hereby accepts the Option
subject to all of their terms and conditions. Optionee further acknowledges that, as of the Date of Grant, this Grant Notice, the
Option Agreement and the Plan set forth the entire understanding between Optionee and the Company regarding the acquisition of
stock in the Company and supersede all prior oral and written agreements on that subject, with the exception of options previously
granted under the Plan.
___________________
1
If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first exercisable
for more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory
Stock Option.
CannaVEST Corp.
By:/s/ Joseph Dowling
Joseph Dowling, Chief Financial Officer
Date: December 8, 2014 |
Optionee: Michael
Mona, Jr.
/s/ Michael Mona, Jr.
Signature
Date: December 8, 2014 |
Attachments:
(I) Option Agreement; (II) Amended and Restated 2013 Equity Incentive Plan; and (III) Notice of Exercise
Attachment I
Option
Agreement
Incorporated
by reference from an exhibit to the Company’s
Form S-8 filed on October 6, 2014.
Attachment II
Amended
and Restated 2013 Equity Incentive Plan
Incorporated
by reference from an appendix to the Company’s Proxy Statement on Schedule 14A filed on July 2, 2014.
Attachment III
Notice
Of Exercise
CannaVEST Corp.
2688 South Rainbow Blvd.
Suite B
Las Vegas, Nevada 89146
Date of Exercise: _______________
Ladies and Gentlemen:
This constitutes
notice under my stock option that I elect to purchase the number of shares for the price set forth below.
Type of option (check one): |
Incentive x |
Nonstatutory o |
Stock option dated: |
_______________ |
_______________ |
Number of shares as to which option is
exercised: |
_______________ |
_______________ |
Certificates to be issued in name of: |
_______________ |
_______________ |
Total exercise price: |
$______________ |
$______________ |
Cash or check payment delivered herewith: |
$______________ |
$______________ |
By this exercise,
I agree (i) to provide such additional documents as you may require pursuant to the terms of the Amended and Restated 2013
Equity Incentive Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding
obligation, if any, relating to the exercise of this option, and (iii) if this exercise relates to an incentive stock option,
to notify you in writing within fifteen (15) days after the date of any disposition of any of the shares of Common Stock (the “Shares”)
issued upon exercise of this option that occurs within two (2) years after the date of grant of this option or within one (1) year
after such shares of Common Stock are issued upon exercise of this option.
I acknowledge that
all certificates representing any of the Shares subject to the provisions of the Option shall have endorsed thereon appropriate
legends reflecting restrictions pursuant to the Option Agreement, the Company’s Certificate of Incorporation, Bylaws and/or
applicable securities laws.
Very truly yours,
______________________________
Exhibit 2
CannaVEST
Corp.
Stock Option Grant Notice
Amended and Restated 2013 Equity Incentive Plan
FOR GOOD AND VALUABLE CONSIDERATION,
CannaVEST Corp. (the “Company”) hereby grants to the Optionee named below, a stock option (the “Option”)
to purchase any part or all of the specified number of shares of its Common Stock (“Option Shares”),
upon the terms and subject to the conditions set forth in this Stock Option Grant Notice (the “Grant Notice”),
at the specified purchase price per share without commission or other charge. The Option is granted pursuant to the Company’s
Amended and Restated 2013 Equity Incentive Plan (the “Plan”) and the Stock Option Agreement (the “Option
Agreement”), promulgated under the Plan and in effect as of the date of this Grant Notice.
Optionee: |
Michael Mona, Jr. |
Date of Grant: |
September 23, 2015 |
Vesting Commencement Date: |
September 23, 2015 |
Number of Option Shares: |
1,470,000 |
Exercise Price (Per Share): |
$0.73 |
Total Exercise Price: |
$1,073,100.00 |
Expiration Date: |
Ten years after Date of
Grant |
Type of Grant: x Incentive
Stock Option1 o Nonstatutory Stock Option
Exercise Schedule: x
Same as Vesting Schedule o Early Exercise Permitted
Vesting Schedule: The Option
Shares are fully vested on the Date of Grant.
Payment: By one or a combination of the following
items (described in the Plan):
| x | By cash or check |
| | |
| o | By
net exercise, if the Company has established procedures for net exercise |
Additional Terms/Acknowledgements:
The undersigned Optionee acknowledges receipt of, and understands and agrees to, this Stock Option Grant Notice, the Option Agreement,
and the Plan.
Further, by their signatures below,
the Company and the Optionee agree that the Option is governed by this Grant Notice and by the provisions of the Plan and Option
Agreement, both of which are attached to and made a part of this Grant Notice. Optionee acknowledges receipt of copies of the Plan
and the Option Agreement, represents that the Optionee has read and is familiar with their provisions, and hereby accepts the Option
subject to all of their terms and conditions. Optionee further acknowledges that, as of the Date of Grant, this Grant Notice, the
Option Agreement and the Plan set forth the entire understanding between Optionee and the Company regarding the acquisition of
stock in the Company and supersede all prior oral and written agreements on that subject, with the exception of options previously
granted under the Plan.
___________________
1
If this is an Incentive Stock Option, it (plus other outstanding Incentive Stock Options) cannot be first exercisable
for more than $100,000 in value (measured by exercise price) in any calendar year. Any excess over $100,000 is a Nonstatutory
Stock Option.
CannaVEST Corp.
By:/s/ Joseph Dowling
Joseph Dowling, Chief Financial Officer
Date: September 24, 2015 |
Optionee: Michael
Mona, Jr.
/s/ Michael Mona, Jr.
Signature
Date: September 24, 2015 |
Attachments: (I) Option Agreement; (II) Amended and Restated 2013 Equity Incentive Plan; and (III) Notice of Exercise
Attachment I
Option
Agreement
Incorporated
by reference from an exhibit to the Company’s Form S-8 filed on October 6, 2014.
Attachment II
Amended
and Restated 2013 Equity Incentive Plan
Incorporated
by reference from an appendix to the Company’s Proxy Statement on Schedule 14A filed on July 2, 2014.
Attachment III
Notice
Of Exercise
CannaVEST Corp.
2688 South Rainbow Blvd.
Suite B
Las Vegas, Nevada 89146
Date of Exercise: _______________
Ladies and Gentlemen:
This constitutes
notice under my stock option that I elect to purchase the number of shares for the price set forth below.
Type of option (check one): |
Incentive x |
Nonstatutory o |
Stock option dated: |
_______________ |
_______________ |
Number of shares as to which option is exercised: |
_______________ |
_______________ |
Certificates to be issued in name of: |
_______________ |
_______________ |
Total exercise price: |
$______________ |
$______________ |
Cash or check payment delivered herewith: |
$______________ |
$______________ |
By this exercise,
I agree (i) to provide such additional documents as you may require pursuant to the terms of the Amended and Restated 2013
Equity Incentive Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding
obligation, if any, relating to the exercise of this option, and (iii) if this exercise relates to an incentive stock option,
to notify you in writing within fifteen (15) days after the date of any disposition of any of the shares of Common Stock (the “Shares”)
issued upon exercise of this option that occurs within two (2) years after the date of grant of this option or within one (1) year
after such shares of Common Stock are issued upon exercise of this option.
I acknowledge that
all certificates representing any of the Shares subject to the provisions of the Option shall have endorsed thereon appropriate
legends reflecting restrictions pursuant to the Option Agreement, the Company’s Certificate of Incorporation, Bylaws and/or
applicable securities laws.
Very truly yours,
______________________________
Exhibit 3
CannaVEST
Corp.
Stock Option Grant Notice
Amended and Restated 2013 Equity Incentive Plan
FOR GOOD AND VALUABLE CONSIDERATION,
CannaVEST Corp. (the “Company”) hereby grants to the Optionee named below, a stock option (the “Option”)
to purchase any part or all of the specified number of shares of its Common Stock (“Option Shares”),
upon the terms and subject to the conditions set forth in this Stock Option Grant Notice (the “Grant Notice”),
at the specified purchase price per share without commission or other charge. The Option is granted pursuant to the Company’s
Amended and Restated 2013 Equity Incentive Plan (the “Plan”) and the Stock Option Agreement (the “Option
Agreement”), promulgated under the Plan and in effect as of the date of this Grant Notice.
Optionee: |
Michael Mona, Jr. |
Date of Grant: |
December 28, 2015 |
Vesting Commencement Date: |
December 28, 2015 |
Number of Option Shares: |
530,000 |
Exercise Price (Per Share): |
$0.155 |
Total Exercise Price: |
$82,150.00 |
Expiration Date: |
Ten years after Date of
Grant |
Type of Grant: x Incentive
Stock Option1 o Nonstatutory Stock Option
Exercise Schedule: x
Same as Vesting Schedule o Early Exercise Permitted
Vesting Schedule: The Option
Shares are fully vested on the Date of Grant.
Payment: By one or a combination of the following
items (described in the Plan):
| x | By cash or check |
| | |
| o | By
net exercise, if the Company has established procedures for net exercise |
Additional Terms/Acknowledgements:
The undersigned Optionee acknowledges receipt of, and understands and agrees to, this Stock Option Grant Notice, the Option Agreement,
and the Plan.
Further, by their signatures below,
the Company and the Optionee agree that the Option is governed by this Grant Notice and by the provisions of the Plan and Option
Agreement, both of which are attached to and made a part of this Grant Notice. Optionee acknowledges receipt of copies of the Plan
and the Option Agreement, represents that the Optionee has read and is familiar with their provisions, and hereby accepts the Option
subject to all of their terms and conditions. Optionee further acknowledges that, as of the Date of Grant, this Grant Notice, the
Option Agreement and the Plan set forth the entire understanding between Optionee and the Company regarding the acquisition of
stock in the Company and supersede all prior oral and written agreements on that subject, with the exception of options previously
granted under the Plan.
CannaVEST Corp.
By:/s/ Joseph Dowling
Joseph Dowling, Chief Financial Officer
Date: December 28, 2015 |
Optionee: Michael
Mona, Jr.
/s/ Michael Mona, Jr.
Signature
Date: December 28, 2015 |
Attachments:
(I) Option Agreement; (II) Amended and Restated 2013 Equity Incentive Plan; and (III) Notice of Exercise
Attachment I
Option
Agreement
Incorporated
by reference from an exhibit to the Company’s
Form S-8 filed on October 6, 2014.
Attachment II
Amended
and Restated 2013 Equity Incentive Plan
Incorporated
by reference from an appendix to the Company’s Proxy Statement on Schedule 14A filed on November 6, 2015.
Attachment III
Notice
Of Exercise
CannaVEST Corp.
2688 South Rainbow Blvd.
Suite B
Las Vegas, Nevada 89146
Date of Exercise: _______________
Ladies and Gentlemen:
This constitutes
notice under my stock option that I elect to purchase the number of shares for the price set forth below.
Type of option (check one): |
Incentive ý |
Nonstatutory ¨ |
Stock option dated: |
_______________ |
_______________ |
Number of shares as to which option is exercised: |
_______________ |
_______________ |
Certificates to be issued in name of: |
_______________ |
_______________ |
Total exercise price: |
$______________ |
$______________ |
Cash or check payment delivered herewith: |
$______________ |
$______________ |
By this exercise,
I agree (i) to provide such additional documents as you may require pursuant to the terms of the Amended and Restated 2013
Equity Incentive Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding
obligation, if any, relating to the exercise of this option, and (iii) if this exercise relates to an incentive stock option,
to notify you in writing within fifteen (15) days after the date of any disposition of any of the shares of Common Stock (the “Shares”)
issued upon exercise of this option that occurs within two (2) years after the date of grant of this option or within one (1) year
after such shares of Common Stock are issued upon exercise of this option.
I acknowledge that
all certificates representing any of the Shares subject to the provisions of the Option shall have endorsed thereon appropriate
legends reflecting restrictions pursuant to the Option Agreement, the Company’s Certificate of Incorporation, Bylaws and/or
applicable securities laws.
Very truly yours,
______________________________
CV Sciences (QB) (USOTC:CVSI)
Historical Stock Chart
From Aug 2024 to Sep 2024
CV Sciences (QB) (USOTC:CVSI)
Historical Stock Chart
From Sep 2023 to Sep 2024