0000895361-03-000011 Sample Contracts

M-SYSTEMS FLASH DISK PIONEERS LIMITED ORDINARY SHARES PURCHASE AGREEMENT
Shares Purchase Agreement • June 30th, 2003 • M-Systems Flash Disk Pioneers LTD • Computer storage devices

M-Systems Flash Disk Pioneers Limited (the "Company"), proposes to sell to you (the "Purchaser") 500,000 shares (collectively, the "Shares") of the Company`s Ordinary Shares, nominal value 0.001 New Israeli Shekel per share, at a purchase price per share of $8.21 (based on the lowest price of the Company`s Ordinary Shares as quoted on the date hereof on NASDAQ) for an aggregate investment amount of $4,105,000 (the "Purchase Price"). In connection with and in consideration for the sale and purchase of the Shares, the Company and the Purchaser agree to abide by the mutual covenants contained herein.

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