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Exhibit 10.2
 
 
AMENDMENT TO THE SETTLEMENT AGREEMENT AND RELEASE
 
THIS AMENDMENT TO THE SETTLEMENT AGREEMENT AND RELEASE ("Agreement"), dated as
of August 19, 2008, is by and among Material Technologies, Inc., a Delaware
corporation ("MaTech") and Kreuzfeld Ltd., ("Kreuzfeld") (Kreuzfeld shall be
referred to as, the "Claimant") (individually, a "Party").
 
RECITALS
 
NOW THEREFORE, in consideration of the promises and respective mutual agreements
herein contained, it is agreed by and between the Parties hereto as follows:
 
1.8            MaTech hereby agrees to issue to Kreuzfeld warrants to purchase
5,000,000 shares of MaTech common stock at $0.20 per share (together with the
Kreuzfeld warrants, the "Warrants");
 
 
IN WITNESS WHEREOF, the Parties hereto have executed this Agreement, as of the
date first written hereinabove.
 
 
MATERIAL TECHNOLOGIES, INC.,
a Delaware corporation
   
KREUZFELD LTD.,
a Swiss corporation
           
 
   
/s/ Markus Winkler
 
By: Robert M. Bernstein
   
By: Markus Winkler Its: Sole Officer
 
Its: Chief Executive Officer
   
Its:  Sole Officer
 

 
 
 
 
 
[AMENDMENT TO SETTLEMENT AGREEMENT AND RELEASE SIGNATURE PACE]
 
 
 
 
 
 

 

 
 

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