EXECUTIVE LONG-TERM INCENTIVE AWARD AGREEMENT (ALTERNATE FORM) NON-QUALIFIED STOCK OPTIONSExecutive Long-Term Incentive Award Agreement • August 5th, 2005 • Sypris Solutions Inc • Industrial instruments for measurement, display, and control
Effective as of (“Grant Date”), the Company hereby grants to [Employee] certain rights to purchase up to: [# of Shares] total Option Shares for $[Price] per Share until [6th Anniversary of Grant Date] (“Expiration Date”) on the Terms of this Agreement, the attached Program, and the 2004 Sypris Equity Plan (“Plan”) as follows:
SYPRIS SOLUTIONS, INC. FIRST AMENDMENT TO NOTE PURCHASE AGREEMENT $7,500,000 4.73% Senior Notes, Series A Due June 30, 2009 $27,500,000 5.35% Senior Notes, Series B Due June 30, 2011 $20,000,000 5.78% Senior Notes, Series C Due June 30, 2014Note Purchase Agreement • August 5th, 2005 • Sypris Solutions Inc • Industrial instruments for measurement, display, and control • Illinois
Reference is made to the Note Purchase Agreement dated as of June 1, 2004 (the “Note Agreement”) among Sypris Solutions, Inc., a Delaware corporation (the “Company”), and each of the Purchasers named in Schedule A thereto pursuant to which the Company issued $7,500,000 aggregate principal amount of its 4.73% Senior Notes, Series A, due June 30, 2009, $27,500,000 aggregate principal amount of its 5.35% Senior Notes, Series B, due June 30, 2011 and $20,000,000 aggregate principal amount of its 5.78% Senior Notes, Series C, due June 30, 2014 (together, the “Notes”). You are referred to herein individually as a “Holder” and collectively as the “Holders.” Capitalized terms used and not otherwise defined in this First Amendment to Note Purchase Agreement (this “Amendment”) shall have the meanings ascribed to them in the Note Agreement, as amended hereby.
