EXECUTIVE EQUITY REPURCHASE AGREEMENTExecutive Equity Repurchase Agreement • March 13th, 2012 • Sypris Solutions Inc • Industrial instruments for measurement, display, and control • Delaware
THIS EXECUTIVE EQUITY REPURCHASE AGREEMENT (this “Agreement”) is entered into effective as of December 20, 2011, by and among (i) Sypris Solutions, Inc., a Delaware corporation (the “Company”), (ii) the undersigned members of the Board of Directors of the Company and participants in the Company’s Executive Long-Term Incentive Program (“ELTIP”) and the Company’s Key Employee Long-Term Incentive Program (“KELTIP”) (collectively, the “Key Holders,” as defined below), and (iii) family members, family trusts or similar entities who presently hold more than 1,500 shares of Common Stock that were acquired from any Key Holder (with respect to any Key Holder, the “Key Holder’s Transferee,” and collectively for all Key Holders, the “Key Holder Transferees,” as defined below). In addition, certain permitted transfers under the Agreement may require the transferee of more than 1,500 shares of Common Stock to become a party to the Agreement (as described in Section 5 titled “Excluded Transactions,”
