0001193125-05-058631 Sample Contracts

MAXWELL TECHNOLOGIES, INC. EMPLOYMENT AGREEMENT
Employment Agreement • March 23rd, 2005 • Maxwell Technologies Inc • Electronic computers • California

This Employment Agreement (the “Agreement”) is made as of this 10th day of November 2004, by and between MAXWELL TECHNOLOGIES, INC. a Delaware corporation, (“Company”) and David Russian, Vice President, Chief Financial Officer and Treasurer of Maxwell Technologies (“Executive”). The parties agree with each other as follows:

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STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • March 23rd, 2005 • Maxwell Technologies Inc • Electronic computers • Delaware

THIS STOCK PURCHASE AGREEMENT (“Agreement”) is made effective as of November 5, 2004, by and between Maxwell Technologies, Inc., a Delaware corporation (the “Company”), and the several purchasers named in Schedule I hereto (the “Purchasers”), with respect to the following facts:

AMENDMENT NO. 1 TO STOCK PURCHASE AGREEMENT
Stock Purchase Agreement • March 23rd, 2005 • Maxwell Technologies Inc • Electronic computers

THE STOCK PURCHASE AGREEMENT (the “Agreement”) made effective as of November 5, 2004, by and between Maxwell Technologies, Inc., a Delaware corporation (the “Company”), and the several purchasers named in Schedule I attached thereto (the “Purchasers”), is hereby amended as follows:

SEPARATION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS
Separation Agreement and General • March 23rd, 2005 • Maxwell Technologies Inc • Electronic computers • California

This Separation Agreement and General Release of All Claims (“Agreement”) is made by and between Tesfaye Hailemichael (“Employee”) on the one hand, and Maxwell Technologies, Inc. (“The Company”) on the other. (Collectively, Employee and the Company shall be referred to as “the Parties.”)

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