MATERIAL TECHNOLOGIES, INC. INCENTIVE STOCK OPTION AGREEMENTIncentive Stock Option Agreement • May 20th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • Delaware
THIS INCENTIVE STOCK OPTION AGREEMENT is made and entered into as of this 22nd day of April, 2008, by and between Material Technologies, Inc., a Delaware corporation (“Company”), and Robert M. Bernstein (referred to herein as the “Optionee”), with reference to the following recitals of facts: WHEREAS, the Board has authorized the granting to Optionee of an incentive stock option (“Option”) to purchase shares of common stock of the Company (the “Shares”) upon the terms and conditions hereinafter stated; and WHEREAS, the Board and stockholders of the Company have heretofore adopted a 2008 Incentive and Nonstatutory Stock Option Plan (the “Plan”), pursuant to which this Option is being granted; WHEREAS, it is the intention of the parties that this Option be an Incentive Stock Option (a “Qualified Stock Option”); NOW, THEREFORE, in consideration of the covenants herein set forth, the parties hereto agree as follows: 1. Shares; Price. The Company hereby grants to Optionee the
CORPORATE STOCK REDEMPTION AGREEMENTCorporate Stock Redemption Agreement • May 20th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California
This Corporate Stock Redemption Agreement, made this 6th day of May, 2008 (the “Agreement”), by and between Material Technologies, Inc., a Delaware corporation, (the “Corporation”) and The Robert M. Bernstein Revocable Trust (the “Stockholder”) (individually, a “Party”; collectively, the “Parties”). This Agreement supersedes any and all agreements and understandings which predate this Agreement.
