Nanophase Technologies Corporation Stock Appreciation Rights Grant AgreementGrant Agreement • October 3rd, 2006 • Nanophase Technologies Corporation • Miscellaneous primary metal products • Delaware
We are pleased to notify you (“Grantee”) that Nanophase Technologies Corporation, a Delaware corporation (the “Company”), has granted to you ___Stock Appreciation Rights (“SARs”) under the 2006 Stock Appreciation Rights Plan (the “Plan”) at an exercise price of $ per SAR (the “Exercise Price”), subject to the terms and conditions of the Plan and of this Agreement as set forth below. Any capitalized terms not otherwise defined in the Agreement shall have the same meanings set forth in the Plan.
