0001127855-08-000307 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • August 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California

This INDEMNIFICATION AGREEMENT (“Agreement”) is entered into effective as of June 5, 2008 by and between Material Technologies, Inc., a Delaware corporation (the “Company”), and Marybeth Miceli Newton (“Indemnitee”) (individually, a “Party”; collectively, the “Parties”).

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TEAMING AGREEMENT
Teaming Agreement • August 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • Delaware

THIS AGREEMENT, entered into this 6th day of June, 2008, e-RADLIK, Inc. a Delaware corporation with a principal place of business at 252 Denison Hill Road, North Stonington, CT 06359 (hereinafter “e-R”) and Material Technologies, Inc., a corporation located at 11661 San Vincente Blvd., Suite 707, Los Angeles, CA 90049 (hereinafter “MATECH”) (individually, a “Party”; collectively, the “Parties” or the “Team”).

MATERIAL TECHNOLOGIES, INC. INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • August 19th, 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 23rd day of May, 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:

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • August 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • New York

AGREEMENT dated as of the 6th day of August, 2008 between the person whose name appears below (the “Investor”), and Material Technologies, Inc., a Delaware Corporation, having its principal executive office at 11661 San Vicente Boulevard, Suite 707, Los Angeles, CA 90048 (the “Company”).

FINANCING ESCROW AGREEMENT
Financing Escrow Agreement • August 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California

This Escrow Agreement (this “Agreement”) is dated as of July 31, 2008, by and between Material Technologies, Inc., a Delaware corporation (“MaTech”), on the one hand, Continental Advisors, SA (“Continental”), on the other hand, and Corporate Legal Services, LLP (the “Agent”), as escrow agent. Each of MaTech and Continental Advisors shall be referred to as a “Party” and collectively as the “Parties.”

SECURITY AGREEMENT
Security Agreement • August 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California

SECURITY AGREEMENT dated as of July 31, 2008, by and between Material Technologies, Inc., a Delaware corporation (the “Borrower”, sometimes referred to herein as the “Grantor”), and KREUZFELD LTD. (“Lender”), in connection with that certain Secured Convertible Debenture, dated as of the date hereof (the “Debenture” or the “Loans”). Capitalized terms not otherwise defined herein shall have the meaning set forth in that certain Secured Convertible Debenture dated as of the same date hereof.

LICENSE AGREEMENT
License Agreement • August 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California

THIS LICENSE AGREEMENT (the “Agreement”) is entered into as of May 21, 2008 (the “Effective Date”) by and between Material Technologies, Inc., a Delaware corporation (“Licensor”), and Fatigue Solutions Corp., a California corporation (“Licensee”) (individually, a “Party”; collectively, the “Parties”).

BUSINESS AGREEMENT
Business Agreement • August 19th, 2008 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California

This agreement is by, and between Material Technologies, Inc., a Delaware corporation, based at 11661 San Vicente Blvd., Los Angeles, California (“Matech”), and, The India-America Technology Agency, a recently established business with offices in Singapore, India, and the U.S., based at: c/o Spinnaker Capital Asia, 16 Collyer Quay, Hitachi Tower #34-02, Singapore 049318 (“IATA”).

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