Form of Stock Option AgreementStock Option Agreement • February 25th, 2011 • Profile Technologies Inc • Special industry machinery, nec • Delaware
This Stock Option Agreement dated as of _______ __, 20__ is by and between Profile Technologies, Inc. a Delaware corporation (the "Company") and _____________ ("Grantee"). Pursuant to the Company’s 2008 Stock Option Ownership Plan (the "Plan"), and in consideration of the mutual promises and undertakings contained herein, the Company’s Board of Directors has determined that it is in the best interest of the Company to issue certain stock options to Grantee. Therefore, in consideration of mutual promises and undertakings contained herein, the parties agree as follows:
