FORM OF] MATERIAL TECHNOLOGIES, INC. Common Stock Purchase Agreement Under 2006/2007 Non-Qualified Company Stock Grant and Option PlanQualified Company Stock Grant and Option Plan • December 7th, 2006 • Material Technologies Inc /Ca/ • Industrial instruments for measurement, display, and control • California
WHEREAS, pursuant to the terms of a _________________________ Agreement dated ________________, 20__, by and between Purchaser and the Company (the “_____________ Agreement”), the Company has agreed to issue to Purchaser _______________ shares of the Company’s Class A common stock in exchange for ____________________________________. WHEREAS, pursuant to the terms hereof, Purchaser desires to purchase shares of the Company as herein described, on the terms and conditions set forth in this Agreement and the Material Technologies, Inc. 2006/2007 Non-Qualified Company Stock Grant and Option Plan (the “Plan”). Certain capitalized terms used in this Agreement are defined in the Plan. NOW, THEREFORE, it is agreed between the parties as follows: 1. PURCHASE OF SHARES. Purchaser hereby agrees to purchase from the Company and the Company agrees to sell and issue to Purchaser ________________ shares of the Company’s Class A common stock (the “Stock”) in exchange for ________________
