EMPLOYEE STOCK OPTION AGREEMENT UNDER THE 2007 EQUITY INCENTIVE PLAN OF ADVANCED PHOTONIX, INC. As amended by the Board of Directors on January 20, 2012.Employee Stock Option Agreement • February 13th, 2012 • Advanced Photonix Inc • Semiconductors & related devices • Michigan
In consideration of services to be rendered by you (the “Optionee”) to Advanced Photonix, Inc., a Delaware corporation (the “Company") or one of its subsidiaries, you have been granted an option (the “Option”) under the Company’s 2007 Equity Incentive Plan (the “2007 Plan”), which is incorporated herein by reference, to purchase from the Company a number of shares of Class A Common Stock of the Company (the “Shares”) at the price per Share as listed on Exhibit A annexed hereto and subject to the terms and conditions of this Agreement and the 2007 Plan.
