0000315449-05-000007 Sample Contracts

UQM TECHNOLOGIES, INC. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • May 27th, 2005 • Uqm Technologies Inc • Electronic components, nec • Colorado

THIS AGREEMENT made as of this ___ day of _______, 2005, between UQM TECHNOLOGIES, INC., a Colorado corporation (together with its Affiliated Corporations, except where the context requires otherwise, the "Company"), and __________ (the "Option Holder").

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UQM TECHNOLOGIES, INC. NON-QUALIFIED STOCK OPTION AGREEMENT
Non-Qualified Stock Option Agreement • May 27th, 2005 • Uqm Technologies Inc • Electronic components, nec • Colorado

THIS AGREEMENT made as of this ___ day of ______, 2005, between UQM TECHNOLOGIES, INC., a Colorado corporation (together with its Affiliated Corporations, except where the context requires otherwise, the "Company"), and ___________ (the "Option Holder").

INDEMNIFICATION AGREEMENT
Indemnification Agreement • May 27th, 2005 • Uqm Technologies Inc • Electronic components, nec • Colorado

The parties hereby acknowledge that Article VI of the Bylaws of the Corporation provide for indemnification and advancement of expenses with respect to directors or officers, as well as other matters. All provisions of Article VI of the Bylaws of the Corporation as in effect on the date hereof, including without limitation amendments made to such Article VI on the date hereof, are hereby made a binding agreement between the Corporation and Director or Officer; a copy of such Article VI is attached hereto as Exhibit A; and such Article VI is hereby incorporated into this Agreement by this reference.

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