FORM OF] MATERIAL TECHNOLOGIES, INC. Stock Option Agreement Under 2006 Non- Qualified Stock Grant and Option PlanStock Option Agreement • May 10th, 2006 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control
THIS STOCK OPTION AGREEMENT is entered into the ____ day of _____________, 20___, between Material Technologies, Inc., a Delaware corporation (the “Corporation” or “Grantor”) and _____________________________ (the “Grantee”), with respect to the following facts: Pursuant and subject to the Corporation’s 2006 Non-Qualified Stock Grant and Option Plan, a copy of which is attached hereto as Exhibit A and incorporated herein by this reference (the “Plan”), the Corporation’s Board of Directors, or authorized committee thereof, has determined that it is to the advantage and interest of the Corporation and its stockholders to grant the option provided for herein to Grantee. The parties agree as follows: 1. GRANT OF OPTION: For value received, the Corporation hereby grants to Grantee the right and option to purchase, on the terms and conditions hereinafter set forth, an aggregate of ____________ shares of the Corporation’s Common Stock. The exercise price shall be $___________ per share.
FORM OF] MATERIAL TECHNOLOGIES, INC. Common Stock Purchase Agreement Under 2006 Non-Qualified Stock Grant and Option PlanAgreement • May 10th, 2006 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California
WHEREAS, pursuant to the terms of a _________________________ Agreement dated ________________, 20__, by and between Purchaser and the Company (the “_____________ Agreement”), the Company has agreed to issue to Purchaser _______________ shares of the Company’s common stock in exchange for __________________________________________. WHEREAS, pursuant to the terms hereof, Purchaser desires to purchase shares of the Company as herein described, on the terms and conditions set forth in this Agreement and the Material Technologies, Inc. 2006 Non-Qualified Stock Grant and Option Plan (the “Plan”). Certain capitalized terms used in this Agreement are defined in the Plan. NOW, THEREFORE, it is agreed between the parties as follows: 1. PURCHASE OF SHARES. Purchaser hereby agrees to purchase from the Company and the Company agrees to sell and issue to Purchaser ________________ shares of the Company’s common stock (the “Stock”) in exchange for ________________ valued by the Company a
