NOBLE RESTRICTED STOCK AWARD AGREEMENT PERSONAL AND CONFIDENTIALRestricted Stock Award Agreement • July 3rd, 2007 • Noble International, Ltd. • Motor vehicle parts & accessories • Michigan
We are pleased to inform you that as an employee of Noble International, Ltd. (“Noble” or the “Company”) or one of its Subsidiaries, you have been granted an Award of Shares of Restricted Stock under the Noble 2001 Stock Incentive Plan (the “Plan”). Pursuant to the Award, you will receive one (1) Share of Restricted Stock (the “Matched Shares”) for every two (2) shares of stock purchased under the Plan (the “Purchased Shares”), not to exceed the Maximum Shares of Restricted Stock set forth above. The Maximum Shares of Restricted Stock shall be determined by dividing Three Hundred Seventy-Five Thousand Dollars ($375,000) by the seven (7) day average of the closing price of the common stock of the Company, as listed on the NASDAQ, preceding the Date of Grant. Each Share of Restricted Stock under this Award is composed of one share of Noble’s common stock, $.00067 par value per share. This Award is subject to your acceptance as provided in Section 1 below and the terms and conditions that
