0001193125-10-062839 Sample Contracts

Re: Agreement and Release

Agreement and Release • March 22nd, 2010 • API Technologies Corp. • Semiconductors & related devices • New York

• Contract Type
  Agreement and Release
• Filed
  March 22nd, 2010
• Company
  API Technologies Corp.
• Industry
  Semiconductors & related devices
• Jurisdiction
  New York

This letter (i) shall confirm that you and API Technologies Corp. (the “Company”) have mutually agreed to terminate your employment agreement dated February 14, 2007 (the “Employment Agreement”) and that you shall resign as Chief Technology Officer of the Company both effective as of April 2, 2010 (the “Termination Date”), and (ii) shall evidence the legal agreement between us with respect to your separation from the Company, and related matters.

FIRST AMENDMENT TO NON-STATUTORY STOCK OPTION AGREEMENT

Non-Statutory Stock Option Agreement • March 22nd, 2010 • API Technologies Corp. • Semiconductors & related devices • Delaware

• Contract Type
  Non-Statutory Stock Option Agreement
• Filed
  March 22nd, 2010
• Company
  API Technologies Corp.
• Industry
  Semiconductors & related devices
• Jurisdiction
  Delaware

THIS FIRST AMENDMENT TO NON-STATUTORY STOCK OPTION AGREEMENT (the “Amendment”) is made as of April 2, 2010 between API Technologies Corp., a Delaware corporation (the “Company”), and Martin Moskovits (“Participant”).

FIRST AMENDMENT TO NON-STATUTORY STOCK OPTION AGREEMENT

Non-Statutory Stock Option Agreement • March 22nd, 2010 • API Technologies Corp. • Semiconductors & related devices • Delaware

• Contract Type
  Non-Statutory Stock Option Agreement
• Filed
  March 22nd, 2010
• Company
  API Technologies Corp.
• Industry
  Semiconductors & related devices
• Jurisdiction
  Delaware

THIS FIRST AMENDMENT TO NON-STATUTORY STOCK OPTION AGREEMENT (the “Amendment”) is made as of April 2, 2010 between API Technologies Corp., a Delaware corporation (the “Company”), and Martin Moskovits (“Participant”).