FORM OF NON-STATUTORY STOCK OPTION AGREEMENTForm of Non-Statutory Stock Option Agreement • November 21st, 2006 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes) • Minnesota
THIS NON-STATUTORY STOCK OPTION AGREEMENT is entered into and effective as of this ____ day of ____________, ______ (the “Date of Grant”), by and between Northern Technologies International Corporation (the “Company”) and ----_________________ (the “Optionee”).
FORM OF INCENTIVE STOCK OPTION AGREEMENTForm of Incentive Stock Option Agreement • November 21st, 2006 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes) • Minnesota
THIS INCENTIVE STOCK OPTION AGREEMENT is entered into and effective as of this ____ day of ____________, ______ (the “Date of Grant”), by and between Northern Technologies International Corporation (the “Company”) and ----_________________ (the “Optionee”).
PROMISSORY NOTE MODIFICATION AGREEMENTPromissory Note Modification Agreement • November 21st, 2006 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes)
THIS PROMISSORY NOTE MODIFICATION AGREEMENT (“Modification”) is made and entered into on August 24, 2006 but is effective as of August 24, 2006 by and among Northern Technologies International Corporation (collectively “Borrower”) and NATIONAL CITY BANK, A NATIONAL BANKING ASSOCIATION (“Bank”).
FORM OF RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • November 21st, 2006 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes) • Minnesota
THIS RESTRICTED STOCK AWARD AGREEMENT is entered into and effective as of this ____ day of ____________, ______ (the “Date of Grant”), by and between Northern Technologies International Corporation (the “Company”) and ----_________________ (the “Grantee”).
PROMISSORY NOTE MODIFICATION AGREEMENTPromissory Note Modification Agreement • November 21st, 2006 • Northern Technologies International Corp • Converted paper & paperboard prods (no contaners/boxes)
THIS PROMISSORY NOTE MODIFICATION AGREEMENT (“Modification”) is dated as of January 30, 2006 but is effective as of January 30, 2006, by and between NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION (“Borrower” or, if more than one (1), collectively “Borrower”) and NATIONAL CITY BANK, a national banking association (“Bank”).
